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Side-by-side financial comparison of National CineMedia, Inc. (NCMI) 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 $63.4M, roughly 1.1× National CineMedia, Inc.). National CineMedia, Inc. runs the higher net margin — 2.5% vs 2.0%, a 0.5% gap on every dollar of revenue. On growth, National CineMedia, Inc. posted the faster year-over-year revenue change (1.6% vs -1.8%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $-2.0M). Over the past eight quarters, RE/MAX Holdings, Inc.'s revenue compounded faster (-4.7% CAGR vs -16.4%).
National CineMedia, Inc. (NCM) is an American cinema advertising company. NCM displays ads to U.S. consumers in movie theaters, online and through mobile technology. NCM presents cinema advertising across a digital in-theater network, consisting of theaters owned by AMC Theatres, Cinemark Theatres, Regal Cinemas and other regional theater circuits.
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.
NCMI vs RMAX — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $63.4M | $71.1M |
| Net Profit | $1.6M | $1.4M |
| Gross Margin | 95.0% | — |
| Operating Margin | -2.8% | 13.1% |
| Net Margin | 2.5% | 2.0% |
| Revenue YoY | 1.6% | -1.8% |
| Net Profit YoY | 144.4% | -75.2% |
| EPS (diluted) | $0.02 | — |
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.
| Q4 25 | — | $71.1M | ||
| Q3 25 | $63.4M | $73.2M | ||
| Q2 25 | $51.8M | $72.8M | ||
| Q1 25 | $34.9M | $74.5M | ||
| Q4 24 | $86.3M | $72.5M | ||
| Q3 24 | $62.4M | $78.5M | ||
| Q2 24 | $54.7M | $78.5M | ||
| Q1 24 | $37.4M | $78.3M |
| Q4 25 | — | $1.4M | ||
| Q3 25 | $1.6M | $4.0M | ||
| Q2 25 | $-10.7M | $4.7M | ||
| Q1 25 | $-30.7M | $-2.0M | ||
| Q4 24 | $24.7M | $5.8M | ||
| Q3 24 | $-3.6M | $966.0K | ||
| Q2 24 | $-8.7M | $3.7M | ||
| Q1 24 | $-34.7M | $-3.4M |
| Q4 25 | — | — | ||
| Q3 25 | 95.0% | — | ||
| Q2 25 | 93.8% | — | ||
| Q1 25 | 91.1% | — | ||
| Q4 24 | 96.4% | — | ||
| Q3 24 | 94.7% | — | ||
| Q2 24 | 93.2% | — | ||
| Q1 24 | 90.4% | — |
| Q4 25 | — | 13.1% | ||
| Q3 25 | -2.8% | 25.0% | ||
| Q2 25 | -23.2% | 19.3% | ||
| Q1 25 | -68.5% | 7.2% | ||
| Q4 24 | 23.2% | 5.9% | ||
| Q3 24 | -12.0% | 19.4% | ||
| Q2 24 | -17.0% | 20.6% | ||
| Q1 24 | -60.7% | 5.8% |
| Q4 25 | — | 2.0% | ||
| Q3 25 | 2.5% | 5.4% | ||
| Q2 25 | -20.7% | 6.4% | ||
| Q1 25 | -88.0% | -2.6% | ||
| Q4 24 | 28.6% | 8.0% | ||
| Q3 24 | -5.8% | 1.2% | ||
| Q2 24 | -15.9% | 4.7% | ||
| Q1 24 | -92.8% | -4.3% |
| Q4 25 | — | — | ||
| Q3 25 | $0.02 | — | ||
| Q2 25 | $-0.11 | — | ||
| Q1 25 | $-0.32 | — | ||
| Q4 24 | $0.26 | — | ||
| Q3 24 | $-0.04 | — | ||
| Q2 24 | $-0.09 | — | ||
| Q1 24 | $-0.36 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $29.9M | $118.7M |
| Total DebtLower is stronger | — | $432.2M |
| Stockholders' EquityBook value | $350.5M | $452.4M |
| Total Assets | $451.9M | $582.5M |
| Debt / EquityLower = less leverage | — | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $118.7M | ||
| Q3 25 | $29.9M | $107.5M | ||
| Q2 25 | $37.2M | $94.3M | ||
| Q1 25 | $59.8M | $89.1M | ||
| Q4 24 | $75.2M | $96.6M | ||
| Q3 24 | $49.5M | $83.8M | ||
| Q2 24 | $53.8M | $66.1M | ||
| Q1 24 | $57.1M | $82.1M |
| 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 |
| Q4 25 | — | $452.4M | ||
| Q3 25 | $350.5M | $448.1M | ||
| Q2 25 | $350.0M | $442.4M | ||
| Q1 25 | $370.8M | $433.5M | ||
| Q4 24 | $411.2M | $429.5M | ||
| Q3 24 | $385.5M | $423.1M | ||
| Q2 24 | $387.9M | $418.4M | ||
| Q1 24 | $402.3M | $412.0M |
| Q4 25 | — | $582.5M | ||
| Q3 25 | $451.9M | $582.2M | ||
| Q2 25 | $462.0M | $574.8M | ||
| Q1 25 | $503.8M | $571.4M | ||
| Q4 24 | $568.6M | $581.6M | ||
| Q3 24 | $526.1M | $578.6M | ||
| Q2 24 | $527.2M | $571.4M | ||
| Q1 24 | $538.6M | $566.7M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-1.0M | $40.9M |
| Free Cash FlowOCF − Capex | $-2.0M | $33.5M |
| FCF MarginFCF / Revenue | -3.2% | 47.1% |
| Capex IntensityCapex / Revenue | 1.6% | 10.4% |
| Cash ConversionOCF / Net Profit | -0.63× | 28.39× |
| TTM Free Cash FlowTrailing 4 quarters | $24.8M | $56.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $40.9M | ||
| Q3 25 | $-1.0M | $17.7M | ||
| Q2 25 | $-4.9M | $4.6M | ||
| Q1 25 | $6.0M | $5.7M | ||
| Q4 24 | $30.5M | $59.7M | ||
| Q3 24 | $-2.0M | $17.6M | ||
| Q2 24 | $7.7M | $15.9M | ||
| Q1 24 | $24.1M | $9.4M |
| Q4 25 | — | $33.5M | ||
| Q3 25 | $-2.0M | $16.4M | ||
| Q2 25 | $-6.6M | $2.9M | ||
| Q1 25 | $5.3M | $4.0M | ||
| Q4 24 | $28.1M | $53.0M | ||
| Q3 24 | $-2.6M | $16.3M | ||
| Q2 24 | $6.4M | $14.0M | ||
| Q1 24 | $22.6M | $6.8M |
| Q4 25 | — | 47.1% | ||
| Q3 25 | -3.2% | 22.4% | ||
| Q2 25 | -12.7% | 4.0% | ||
| Q1 25 | 15.2% | 5.3% | ||
| Q4 24 | 32.6% | 73.2% | ||
| Q3 24 | -4.2% | 20.8% | ||
| Q2 24 | 11.7% | 17.8% | ||
| Q1 24 | 60.4% | 8.6% |
| Q4 25 | — | 10.4% | ||
| Q3 25 | 1.6% | 1.8% | ||
| Q2 25 | 3.3% | 2.2% | ||
| Q1 25 | 2.0% | 2.3% | ||
| Q4 24 | 2.8% | 9.1% | ||
| Q3 24 | 1.0% | 1.7% | ||
| Q2 24 | 2.4% | 2.4% | ||
| Q1 24 | 4.0% | 3.3% |
| Q4 25 | — | 28.39× | ||
| Q3 25 | -0.63× | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.23× | 10.28× | ||
| Q3 24 | — | 18.22× | ||
| Q2 24 | — | 4.29× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NCMI
| National Advertising Revenue | $49.9M | 79% |
| Local Advertising Revenue | $9.6M | 15% |
| Founding Member Advertising Revenue From Beverage Concessionaire Agreements | $3.9M | 6% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
