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

MEDIFAST INC is the larger business by last-quarter revenue ($75.1M vs $71.1M, roughly 1.1× RE/MAX Holdings, Inc.). On growth, RE/MAX Holdings, Inc. posted the faster year-over-year revenue change (-1.8% vs -36.9%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $-6.6M). Over the past eight quarters, RE/MAX Holdings, Inc.'s revenue compounded faster (-4.7% CAGR vs -34.4%).

Medifast, Inc. is an American nutrition and weight loss company based in Baltimore, Maryland. Medifast produces, distributes, and sells weight loss and health-related products through websites, multi-level marketing, telemarketing, and franchised weight loss clinics.

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.

MED vs RMAX — Head-to-Head

Bigger by revenue
MED
MED
1.1× larger
MED
$75.1M
$71.1M
RMAX
Growing faster (revenue YoY)
RMAX
RMAX
+35.1% gap
RMAX
-1.8%
-36.9%
MED
More free cash flow
RMAX
RMAX
$40.1M more FCF
RMAX
$33.5M
$-6.6M
MED
Faster 2-yr revenue CAGR
RMAX
RMAX
Annualised
RMAX
-4.7%
-34.4%
MED

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MED
MED
RMAX
RMAX
Revenue
$75.1M
$71.1M
Net Profit
$1.4M
Gross Margin
69.4%
Operating Margin
-10.4%
13.1%
Net Margin
2.0%
Revenue YoY
-36.9%
-1.8%
Net Profit YoY
-75.2%
EPS (diluted)
$-1.64

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
MED
MED
RMAX
RMAX
Q4 25
$75.1M
$71.1M
Q3 25
$89.4M
$73.2M
Q2 25
$105.6M
$72.8M
Q1 25
$115.7M
$74.5M
Q4 24
$119.0M
$72.5M
Q3 24
$140.2M
$78.5M
Q2 24
$168.6M
$78.5M
Q1 24
$174.7M
$78.3M
Net Profit
MED
MED
RMAX
RMAX
Q4 25
$1.4M
Q3 25
$-2.3M
$4.0M
Q2 25
$2.5M
$4.7M
Q1 25
$-772.0K
$-2.0M
Q4 24
$5.8M
Q3 24
$1.1M
$966.0K
Q2 24
$-8.2M
$3.7M
Q1 24
$8.3M
$-3.4M
Gross Margin
MED
MED
RMAX
RMAX
Q4 25
69.4%
Q3 25
69.5%
Q2 25
72.6%
Q1 25
72.8%
Q4 24
74.1%
Q3 24
75.4%
Q2 24
73.2%
Q1 24
72.8%
Operating Margin
MED
MED
RMAX
RMAX
Q4 25
-10.4%
13.1%
Q3 25
-4.6%
25.0%
Q2 25
-1.0%
19.3%
Q1 25
-1.1%
7.2%
Q4 24
0.6%
5.9%
Q3 24
1.5%
19.4%
Q2 24
-4.7%
20.6%
Q1 24
4.5%
5.8%
Net Margin
MED
MED
RMAX
RMAX
Q4 25
2.0%
Q3 25
-2.5%
5.4%
Q2 25
2.3%
6.4%
Q1 25
-0.7%
-2.6%
Q4 24
8.0%
Q3 24
0.8%
1.2%
Q2 24
-4.8%
4.7%
Q1 24
4.8%
-4.3%
EPS (diluted)
MED
MED
RMAX
RMAX
Q4 25
$-1.64
Q3 25
$-0.21
Q2 25
$0.22
Q1 25
$-0.07
Q4 24
$0.08
Q3 24
$0.10
Q2 24
$-0.75
Q1 24
$0.76

Balance Sheet & Financial Strength

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

Metric
MED
MED
RMAX
RMAX
Cash + ST InvestmentsLiquidity on hand
$167.3M
$118.7M
Total DebtLower is stronger
$432.2M
Stockholders' EquityBook value
$198.9M
$452.4M
Total Assets
$248.0M
$582.5M
Debt / EquityLower = less leverage
0.96×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MED
MED
RMAX
RMAX
Q4 25
$167.3M
$118.7M
Q3 25
$173.5M
$107.5M
Q2 25
$162.7M
$94.3M
Q1 25
$164.6M
$89.1M
Q4 24
$162.3M
$96.6M
Q3 24
$170.0M
$83.8M
Q2 24
$163.5M
$66.1M
Q1 24
$156.4M
$82.1M
Total Debt
MED
MED
RMAX
RMAX
Q4 25
$432.2M
Q3 25
$433.3M
Q2 25
$434.4M
Q1 25
$435.3M
Q4 24
$436.2M
Q3 24
$437.2M
Q2 24
$438.1M
Q1 24
$439.0M
Stockholders' Equity
MED
MED
RMAX
RMAX
Q4 25
$198.9M
$452.4M
Q3 25
$214.7M
$448.1M
Q2 25
$216.0M
$442.4M
Q1 25
$211.0M
$433.5M
Q4 24
$210.1M
$429.5M
Q3 24
$207.3M
$423.1M
Q2 24
$205.3M
$418.4M
Q1 24
$211.0M
$412.0M
Total Assets
MED
MED
RMAX
RMAX
Q4 25
$248.0M
$582.5M
Q3 25
$268.2M
$582.2M
Q2 25
$269.3M
$574.8M
Q1 25
$280.0M
$571.4M
Q4 24
$284.2M
$581.6M
Q3 24
$291.2M
$578.6M
Q2 24
$293.5M
$571.4M
Q1 24
$302.8M
$566.7M
Debt / Equity
MED
MED
RMAX
RMAX
Q4 25
0.96×
Q3 25
0.97×
Q2 25
0.98×
Q1 25
1.00×
Q4 24
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
MED
MED
RMAX
RMAX
Operating Cash FlowLast quarter
$-5.3M
$40.9M
Free Cash FlowOCF − Capex
$-6.6M
$33.5M
FCF MarginFCF / Revenue
-8.8%
47.1%
Capex IntensityCapex / Revenue
1.8%
10.4%
Cash ConversionOCF / Net Profit
28.39×
TTM Free Cash FlowTrailing 4 quarters
$1.2M
$56.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MED
MED
RMAX
RMAX
Q4 25
$-5.3M
$40.9M
Q3 25
$12.1M
$17.7M
Q2 25
$-3.4M
$4.6M
Q1 25
$3.4M
$5.7M
Q4 24
$-4.9M
$59.7M
Q3 24
$9.1M
$17.6M
Q2 24
$13.1M
$15.9M
Q1 24
$7.3M
$9.4M
Free Cash Flow
MED
MED
RMAX
RMAX
Q4 25
$-6.6M
$33.5M
Q3 25
$10.8M
$16.4M
Q2 25
$-4.8M
$2.9M
Q1 25
$1.9M
$4.0M
Q4 24
$-7.2M
$53.0M
Q3 24
$7.7M
$16.3M
Q2 24
$11.1M
$14.0M
Q1 24
$5.4M
$6.8M
FCF Margin
MED
MED
RMAX
RMAX
Q4 25
-8.8%
47.1%
Q3 25
12.0%
22.4%
Q2 25
-4.5%
4.0%
Q1 25
1.6%
5.3%
Q4 24
-6.1%
73.2%
Q3 24
5.5%
20.8%
Q2 24
6.6%
17.8%
Q1 24
3.1%
8.6%
Capex Intensity
MED
MED
RMAX
RMAX
Q4 25
1.8%
10.4%
Q3 25
1.5%
1.8%
Q2 25
1.3%
2.2%
Q1 25
1.3%
2.3%
Q4 24
1.9%
9.1%
Q3 24
1.0%
1.7%
Q2 24
1.1%
2.4%
Q1 24
1.1%
3.3%
Cash Conversion
MED
MED
RMAX
RMAX
Q4 25
28.39×
Q3 25
4.45×
Q2 25
-1.36×
0.97×
Q1 25
Q4 24
10.28×
Q3 24
8.04×
18.22×
Q2 24
4.29×
Q1 24
0.88×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MED
MED

Segment breakdown not available.

RMAX
RMAX

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

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