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Side-by-side financial comparison of NIP Group Inc. (NIPG) 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 $39.3M, roughly 1.8× NIP Group Inc.). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs -11.9%, a 13.9% gap on every dollar of revenue.

NIPG vs RMAX — Head-to-Head

Bigger by revenue
RMAX
RMAX
1.8× larger
RMAX
$71.1M
$39.3M
NIPG
Higher net margin
RMAX
RMAX
13.9% more per $
RMAX
2.0%
-11.9%
NIPG

Income Statement — Q2 FY2024 vs Q4 FY2025

Metric
NIPG
NIPG
RMAX
RMAX
Revenue
$39.3M
$71.1M
Net Profit
$-4.7M
$1.4M
Gross Margin
6.0%
Operating Margin
-13.0%
13.1%
Net Margin
-11.9%
2.0%
Revenue YoY
-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
NIPG
NIPG
RMAX
RMAX
Q4 25
$71.1M
Q3 25
$73.2M
Q2 25
$72.8M
Q1 25
$74.5M
Q4 24
$72.5M
Q3 24
$78.5M
Q2 24
$39.3M
$78.5M
Q1 24
$78.3M
Net Profit
NIPG
NIPG
RMAX
RMAX
Q4 25
$1.4M
Q3 25
$4.0M
Q2 25
$4.7M
Q1 25
$-2.0M
Q4 24
$5.8M
Q3 24
$966.0K
Q2 24
$-4.7M
$3.7M
Q1 24
$-3.4M
Gross Margin
NIPG
NIPG
RMAX
RMAX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
6.0%
Q1 24
Operating Margin
NIPG
NIPG
RMAX
RMAX
Q4 25
13.1%
Q3 25
25.0%
Q2 25
19.3%
Q1 25
7.2%
Q4 24
5.9%
Q3 24
19.4%
Q2 24
-13.0%
20.6%
Q1 24
5.8%
Net Margin
NIPG
NIPG
RMAX
RMAX
Q4 25
2.0%
Q3 25
5.4%
Q2 25
6.4%
Q1 25
-2.6%
Q4 24
8.0%
Q3 24
1.2%
Q2 24
-11.9%
4.7%
Q1 24
-4.3%

Balance Sheet & Financial Strength

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

Metric
NIPG
NIPG
RMAX
RMAX
Cash + ST InvestmentsLiquidity on hand
$6.8M
$118.7M
Total DebtLower is stronger
$3.8M
$432.2M
Stockholders' EquityBook value
$452.4M
Total Assets
$305.3M
$582.5M
Debt / EquityLower = less leverage
0.96×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NIPG
NIPG
RMAX
RMAX
Q4 25
$118.7M
Q3 25
$107.5M
Q2 25
$94.3M
Q1 25
$89.1M
Q4 24
$96.6M
Q3 24
$83.8M
Q2 24
$6.8M
$66.1M
Q1 24
$82.1M
Total Debt
NIPG
NIPG
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
$3.8M
$438.1M
Q1 24
$439.0M
Stockholders' Equity
NIPG
NIPG
RMAX
RMAX
Q4 25
$452.4M
Q3 25
$448.1M
Q2 25
$442.4M
Q1 25
$433.5M
Q4 24
$429.5M
Q3 24
$423.1M
Q2 24
$418.4M
Q1 24
$412.0M
Total Assets
NIPG
NIPG
RMAX
RMAX
Q4 25
$582.5M
Q3 25
$582.2M
Q2 25
$574.8M
Q1 25
$571.4M
Q4 24
$581.6M
Q3 24
$578.6M
Q2 24
$305.3M
$571.4M
Q1 24
$566.7M
Debt / Equity
NIPG
NIPG
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
NIPG
NIPG
RMAX
RMAX
Operating Cash FlowLast quarter
$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
NIPG
NIPG
RMAX
RMAX
Q4 25
$40.9M
Q3 25
$17.7M
Q2 25
$4.6M
Q1 25
$5.7M
Q4 24
$59.7M
Q3 24
$17.6M
Q2 24
$15.9M
Q1 24
$9.4M
Free Cash Flow
NIPG
NIPG
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
NIPG
NIPG
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
NIPG
NIPG
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
NIPG
NIPG
RMAX
RMAX
Q4 25
28.39×
Q3 25
4.45×
Q2 25
0.97×
Q1 25
Q4 24
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

NIPG
NIPG

Segment breakdown not available.

RMAX
RMAX

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

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