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

RE/MAX Holdings, Inc. is the larger business by last-quarter revenue ($71.1M vs $66.8M, roughly 1.1× NACCO INDUSTRIES INC). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs -5.8%, a 7.8% gap on every dollar of revenue. On growth, RE/MAX Holdings, Inc. posted the faster year-over-year revenue change (-1.8% vs -5.2%). Over the past eight quarters, NACCO INDUSTRIES INC's revenue compounded faster (11.9% CAGR vs -4.7%).

NACCO Industries, Inc. is an American publicly traded holding company, headquartered in Cleveland, Ohio. Through a portfolio of mining and natural resources businesses, the company operates under three business segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies and an activated carbon producer pursuant to a service-based business model. The North American Mining se...

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.

NC vs RMAX — Head-to-Head

Bigger by revenue
RMAX
RMAX
1.1× larger
RMAX
$71.1M
$66.8M
NC
Growing faster (revenue YoY)
RMAX
RMAX
+3.3% gap
RMAX
-1.8%
-5.2%
NC
Higher net margin
RMAX
RMAX
7.8% more per $
RMAX
2.0%
-5.8%
NC
Faster 2-yr revenue CAGR
NC
NC
Annualised
NC
11.9%
-4.7%
RMAX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NC
NC
RMAX
RMAX
Revenue
$66.8M
$71.1M
Net Profit
$-3.8M
$1.4M
Gross Margin
18.0%
Operating Margin
11.3%
13.1%
Net Margin
-5.8%
2.0%
Revenue YoY
-5.2%
-1.8%
Net Profit YoY
-150.8%
-75.2%
EPS (diluted)
$-0.53

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
NC
NC
RMAX
RMAX
Q4 25
$66.8M
$71.1M
Q3 25
$76.6M
$73.2M
Q2 25
$68.2M
$72.8M
Q1 25
$65.6M
$74.5M
Q4 24
$70.4M
$72.5M
Q3 24
$61.7M
$78.5M
Q2 24
$52.3M
$78.5M
Q1 24
$53.3M
$78.3M
Net Profit
NC
NC
RMAX
RMAX
Q4 25
$-3.8M
$1.4M
Q3 25
$13.3M
$4.0M
Q2 25
$3.3M
$4.7M
Q1 25
$4.9M
$-2.0M
Q4 24
$7.6M
$5.8M
Q3 24
$15.6M
$966.0K
Q2 24
$6.0M
$3.7M
Q1 24
$4.6M
$-3.4M
Gross Margin
NC
NC
RMAX
RMAX
Q4 25
18.0%
Q3 25
13.0%
Q2 25
10.0%
Q1 25
14.7%
Q4 24
12.0%
Q3 24
11.7%
Q2 24
13.4%
Q1 24
13.2%
Operating Margin
NC
NC
RMAX
RMAX
Q4 25
11.3%
13.1%
Q3 25
8.8%
25.0%
Q2 25
-0.1%
19.3%
Q1 25
11.7%
7.2%
Q4 24
5.5%
5.9%
Q3 24
31.9%
19.4%
Q2 24
14.1%
20.6%
Q1 24
8.9%
5.8%
Net Margin
NC
NC
RMAX
RMAX
Q4 25
-5.8%
2.0%
Q3 25
17.3%
5.4%
Q2 25
4.8%
6.4%
Q1 25
7.5%
-2.6%
Q4 24
10.7%
8.0%
Q3 24
25.4%
1.2%
Q2 24
11.4%
4.7%
Q1 24
8.6%
-4.3%
EPS (diluted)
NC
NC
RMAX
RMAX
Q4 25
$-0.53
Q3 25
$1.78
Q2 25
$0.44
Q1 25
$0.66
Q4 24
$0.99
Q3 24
$2.14
Q2 24
$0.81
Q1 24
$0.61

Balance Sheet & Financial Strength

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

Metric
NC
NC
RMAX
RMAX
Cash + ST InvestmentsLiquidity on hand
$49.7M
$118.7M
Total DebtLower is stronger
$100.8M
$432.2M
Stockholders' EquityBook value
$429.2M
$452.4M
Total Assets
$661.2M
$582.5M
Debt / EquityLower = less leverage
0.23×
0.96×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NC
NC
RMAX
RMAX
Q4 25
$49.7M
$118.7M
Q3 25
$52.7M
$107.5M
Q2 25
$49.4M
$94.3M
Q1 25
$61.9M
$89.1M
Q4 24
$72.8M
$96.6M
Q3 24
$63.1M
$83.8M
Q2 24
$62.4M
$66.1M
Q1 24
$61.8M
$82.1M
Total Debt
NC
NC
RMAX
RMAX
Q4 25
$100.8M
$432.2M
Q3 25
$433.3M
Q2 25
$434.4M
Q1 25
$435.3M
Q4 24
$99.4M
$436.2M
Q3 24
$437.2M
Q2 24
$29.0M
$438.1M
Q1 24
$28.4M
$439.0M
Stockholders' Equity
NC
NC
RMAX
RMAX
Q4 25
$429.2M
$452.4M
Q3 25
$426.4M
$448.1M
Q2 25
$413.1M
$442.4M
Q1 25
$409.1M
$433.5M
Q4 24
$404.9M
$429.5M
Q3 24
$397.3M
$423.1M
Q2 24
$384.1M
$418.4M
Q1 24
$381.6M
$412.0M
Total Assets
NC
NC
RMAX
RMAX
Q4 25
$661.2M
$582.5M
Q3 25
$637.6M
$582.2M
Q2 25
$631.3M
$574.8M
Q1 25
$634.2M
$571.4M
Q4 24
$631.7M
$581.6M
Q3 24
$597.4M
$578.6M
Q2 24
$560.1M
$571.4M
Q1 24
$538.0M
$566.7M
Debt / Equity
NC
NC
RMAX
RMAX
Q4 25
0.23×
0.96×
Q3 25
0.97×
Q2 25
0.98×
Q1 25
1.00×
Q4 24
0.25×
1.02×
Q3 24
1.03×
Q2 24
0.08×
1.05×
Q1 24
0.07×
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
NC
NC
RMAX
RMAX
Operating Cash FlowLast quarter
$11.4M
$40.9M
Free Cash FlowOCF − Capex
$33.5M
FCF MarginFCF / Revenue
47.1%
Capex IntensityCapex / Revenue
10.4%
Cash ConversionOCF / Net Profit
28.39×
TTM Free Cash FlowTrailing 4 quarters
$56.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NC
NC
RMAX
RMAX
Q4 25
$11.4M
$40.9M
Q3 25
$42.3M
$17.7M
Q2 25
$-7.8M
$4.6M
Q1 25
$5.0M
$5.7M
Q4 24
$25.2M
$59.7M
Q3 24
$2.8M
$17.6M
Q2 24
$4.1M
$15.9M
Q1 24
$-9.8M
$9.4M
Free Cash Flow
NC
NC
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
NC
NC
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
NC
NC
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
NC
NC
RMAX
RMAX
Q4 25
28.39×
Q3 25
3.19×
4.45×
Q2 25
-2.39×
0.97×
Q1 25
1.03×
Q4 24
3.33×
10.28×
Q3 24
0.18×
18.22×
Q2 24
0.68×
4.29×
Q1 24
-2.14×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NC
NC

Transferred Over Time$42.7M64%
Transferred At Point In Time$24.1M36%

RMAX
RMAX

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

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