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Side-by-side financial comparison of LXP Industrial Trust (LXP) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.

LXP Industrial Trust is the larger business by last-quarter revenue ($86.7M vs $71.1M, roughly 1.2× RE/MAX Holdings, Inc.). LXP Industrial Trust runs the higher net margin — 33.2% vs 2.0%, a 31.1% gap on every dollar of revenue. On growth, RE/MAX Holdings, Inc. posted the faster year-over-year revenue change (-1.8% vs -14.0%). Over the past eight quarters, LXP Industrial Trust's revenue compounded faster (0.3% CAGR vs -4.7%).

LXP Industrial Trust is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality industrial real estate assets, primarily distribution centers, logistics facilities, and light industrial properties across key markets in the United States. Its tenant base covers e-commerce, third-party logistics, and advanced manufacturing sectors, delivering stable long-term returns for its investors.

RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.

LXP vs RMAX — Head-to-Head

Bigger by revenue
LXP
LXP
1.2× larger
LXP
$86.7M
$71.1M
RMAX
Growing faster (revenue YoY)
RMAX
RMAX
+12.2% gap
RMAX
-1.8%
-14.0%
LXP
Higher net margin
LXP
LXP
31.1% more per $
LXP
33.2%
2.0%
RMAX
Faster 2-yr revenue CAGR
LXP
LXP
Annualised
LXP
0.3%
-4.7%
RMAX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LXP
LXP
RMAX
RMAX
Revenue
$86.7M
$71.1M
Net Profit
$28.8M
$1.4M
Gross Margin
81.5%
Operating Margin
34.6%
13.1%
Net Margin
33.2%
2.0%
Revenue YoY
-14.0%
-1.8%
Net Profit YoY
-75.2%
EPS (diluted)

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
LXP
LXP
RMAX
RMAX
Q4 25
$86.7M
$71.1M
Q3 25
$86.9M
$73.2M
Q2 25
$87.7M
$72.8M
Q1 25
$88.9M
$74.5M
Q4 24
$100.9M
$72.5M
Q3 24
$85.6M
$78.5M
Q2 24
$85.8M
$78.5M
Q1 24
$86.3M
$78.3M
Net Profit
LXP
LXP
RMAX
RMAX
Q4 25
$28.8M
$1.4M
Q3 25
$36.3M
$4.0M
Q2 25
$29.1M
$4.7M
Q1 25
$19.0M
$-2.0M
Q4 24
$5.8M
Q3 24
$6.3M
$966.0K
Q2 24
$5.4M
$3.7M
Q1 24
$-269.0K
$-3.4M
Gross Margin
LXP
LXP
RMAX
RMAX
Q4 25
81.5%
Q3 25
82.3%
Q2 25
81.9%
Q1 25
80.7%
Q4 24
85.3%
Q3 24
82.5%
Q2 24
82.0%
Q1 24
82.4%
Operating Margin
LXP
LXP
RMAX
RMAX
Q4 25
34.6%
13.1%
Q3 25
50.4%
25.0%
Q2 25
33.7%
19.3%
Q1 25
21.8%
7.2%
Q4 24
5.9%
Q3 24
7.9%
19.4%
Q2 24
6.9%
20.6%
Q1 24
1.0%
5.8%
Net Margin
LXP
LXP
RMAX
RMAX
Q4 25
33.2%
2.0%
Q3 25
41.7%
5.4%
Q2 25
33.2%
6.4%
Q1 25
21.4%
-2.6%
Q4 24
8.0%
Q3 24
7.4%
1.2%
Q2 24
6.3%
4.7%
Q1 24
-0.3%
-4.3%
EPS (diluted)
LXP
LXP
RMAX
RMAX
Q4 25
Q3 25
$0.12
Q2 25
$0.09
Q1 25
$0.06
Q4 24
Q3 24
$0.02
Q2 24
$0.01
Q1 24
$-0.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LXP
LXP
RMAX
RMAX
Cash + ST InvestmentsLiquidity on hand
$170.4M
$118.7M
Total DebtLower is stronger
$1.4B
$432.2M
Stockholders' EquityBook value
$2.0B
$452.4M
Total Assets
$3.5B
$582.5M
Debt / EquityLower = less leverage
0.66×
0.96×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LXP
LXP
RMAX
RMAX
Q4 25
$170.4M
$118.7M
Q3 25
$229.7M
$107.5M
Q2 25
$71.0M
$94.3M
Q1 25
$70.9M
$89.1M
Q4 24
$101.8M
$96.6M
Q3 24
$55.0M
$83.8M
Q2 24
$48.7M
$66.1M
Q1 24
$293.8M
$82.1M
Total Debt
LXP
LXP
RMAX
RMAX
Q4 25
$1.4B
$432.2M
Q3 25
$1.5B
$433.3M
Q2 25
$1.5B
$434.4M
Q1 25
$1.5B
$435.3M
Q4 24
$1.6B
$436.2M
Q3 24
$437.2M
Q2 24
$438.1M
Q1 24
$439.0M
Stockholders' Equity
LXP
LXP
RMAX
RMAX
Q4 25
$2.0B
$452.4M
Q3 25
$2.1B
$448.1M
Q2 25
$2.1B
$442.4M
Q1 25
$2.1B
$433.5M
Q4 24
$2.1B
$429.5M
Q3 24
$2.1B
$423.1M
Q2 24
$2.1B
$418.4M
Q1 24
$2.2B
$412.0M
Total Assets
LXP
LXP
RMAX
RMAX
Q4 25
$3.5B
$582.5M
Q3 25
$3.7B
$582.2M
Q2 25
$3.7B
$574.8M
Q1 25
$3.8B
$571.4M
Q4 24
$3.8B
$581.6M
Q3 24
$3.9B
$578.6M
Q2 24
$3.9B
$571.4M
Q1 24
$4.2B
$566.7M
Debt / Equity
LXP
LXP
RMAX
RMAX
Q4 25
0.66×
0.96×
Q3 25
0.72×
0.97×
Q2 25
0.72×
0.98×
Q1 25
0.73×
1.00×
Q4 24
0.75×
1.02×
Q3 24
1.03×
Q2 24
1.05×
Q1 24
1.07×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LXP
LXP
RMAX
RMAX
Operating Cash FlowLast quarter
$188.7M
$40.9M
Free Cash FlowOCF − Capex
$33.5M
FCF MarginFCF / Revenue
47.1%
Capex IntensityCapex / Revenue
10.4%
Cash ConversionOCF / Net Profit
6.56×
28.39×
TTM Free Cash FlowTrailing 4 quarters
$56.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LXP
LXP
RMAX
RMAX
Q4 25
$188.7M
$40.9M
Q3 25
$63.5M
$17.7M
Q2 25
$44.3M
$4.6M
Q1 25
$39.0M
$5.7M
Q4 24
$211.2M
$59.7M
Q3 24
$64.6M
$17.6M
Q2 24
$38.5M
$15.9M
Q1 24
$38.9M
$9.4M
Free Cash Flow
LXP
LXP
RMAX
RMAX
Q4 25
$33.5M
Q3 25
$16.4M
Q2 25
$2.9M
Q1 25
$4.0M
Q4 24
$53.0M
Q3 24
$16.3M
Q2 24
$14.0M
Q1 24
$6.8M
FCF Margin
LXP
LXP
RMAX
RMAX
Q4 25
47.1%
Q3 25
22.4%
Q2 25
4.0%
Q1 25
5.3%
Q4 24
73.2%
Q3 24
20.8%
Q2 24
17.8%
Q1 24
8.6%
Capex Intensity
LXP
LXP
RMAX
RMAX
Q4 25
10.4%
Q3 25
1.8%
Q2 25
2.2%
Q1 25
2.3%
Q4 24
9.1%
Q3 24
1.7%
Q2 24
2.4%
Q1 24
3.3%
Cash Conversion
LXP
LXP
RMAX
RMAX
Q4 25
6.56×
28.39×
Q3 25
1.75×
4.45×
Q2 25
1.52×
0.97×
Q1 25
2.05×
Q4 24
10.28×
Q3 24
10.18×
18.22×
Q2 24
7.09×
4.29×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LXP
LXP

Segment breakdown not available.

RMAX
RMAX

Franchising Segment$50.1M70%
Broker Fees$13.9M20%
Annual Dues$7.4M10%

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