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Side-by-side financial comparison of NorthWestern Energy Group, Inc. (NWE) and Real Brokerage Inc (REAX). Click either name above to swap in a different company.

Real Brokerage Inc is the larger business by last-quarter revenue ($568.5M vs $414.3M, roughly 1.4× NorthWestern Energy Group, Inc.). NorthWestern Energy Group, Inc. runs the higher net margin — 10.8% vs -0.1%, a 10.9% gap on every dollar of revenue. On growth, Real Brokerage Inc posted the faster year-over-year revenue change (52.6% vs 10.9%). Real Brokerage Inc produced more free cash flow last quarter ($8.4M vs $-93.7M).

NorthWestern Energy Group, Inc. is a utility company that serves South Dakota, Nebraska, and Montana that is based in Sioux Falls. As of 2019, the company serves approximately 718,000 customers. The company's corporate headquarters are located in Sioux Falls while the headquarters for the South Dakota operations are in Huron, South Dakota.

Anywhere Real Estate Inc., formerly Realogy, was an American real estate services firm. It operated and franchised real estate brands that provided brokerage, relocation, title, insurance, and settlement services. Brands included Better Homes and Gardens Real Estate, Century 21 Real Estate, Coldwell Banker, Corcoran Group, ERA Real Estate and Sotheby's International Realty. In 2026, the company was acquired by Compass, Inc.

NWE vs REAX — Head-to-Head

Bigger by revenue
REAX
REAX
1.4× larger
REAX
$568.5M
$414.3M
NWE
Growing faster (revenue YoY)
REAX
REAX
+41.7% gap
REAX
52.6%
10.9%
NWE
Higher net margin
NWE
NWE
10.9% more per $
NWE
10.8%
-0.1%
REAX
More free cash flow
REAX
REAX
$102.2M more FCF
REAX
$8.4M
$-93.7M
NWE

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
NWE
NWE
REAX
REAX
Revenue
$414.3M
$568.5M
Net Profit
$44.7M
$-447.0K
Gross Margin
7.9%
Operating Margin
14.5%
-0.1%
Net Margin
10.8%
-0.1%
Revenue YoY
10.9%
52.6%
Net Profit YoY
-44.5%
82.7%
EPS (diluted)
$0.72
$0.00

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
NWE
NWE
REAX
REAX
Q4 25
$414.3M
Q3 25
$387.0M
$568.5M
Q2 25
$342.7M
$540.7M
Q1 25
$466.6M
$354.0M
Q4 24
$373.5M
Q3 24
$345.2M
$372.5M
Q2 24
$319.9M
Q1 24
$475.3M
$200.7M
Net Profit
NWE
NWE
REAX
REAX
Q4 25
$44.7M
Q3 25
$38.2M
$-447.0K
Q2 25
$21.2M
$1.5M
Q1 25
$76.9M
$-5.0M
Q4 24
$80.6M
Q3 24
$46.8M
$-2.6M
Q2 24
$31.7M
Q1 24
$65.1M
$-16.1M
Gross Margin
NWE
NWE
REAX
REAX
Q4 25
Q3 25
7.9%
Q2 25
8.9%
Q1 25
9.6%
Q4 24
Q3 24
8.6%
Q2 24
Q1 24
10.3%
Operating Margin
NWE
NWE
REAX
REAX
Q4 25
14.5%
Q3 25
20.7%
-0.1%
Q2 25
17.7%
0.3%
Q1 25
26.7%
-1.5%
Q4 24
24.6%
Q3 24
19.7%
-0.7%
Q2 24
19.3%
Q1 24
21.5%
-7.8%
Net Margin
NWE
NWE
REAX
REAX
Q4 25
10.8%
Q3 25
9.9%
-0.1%
Q2 25
6.2%
0.3%
Q1 25
16.5%
-1.4%
Q4 24
21.6%
Q3 24
13.6%
-0.7%
Q2 24
9.9%
Q1 24
13.7%
-8.0%
EPS (diluted)
NWE
NWE
REAX
REAX
Q4 25
$0.72
Q3 25
$0.62
$0.00
Q2 25
$0.35
$0.01
Q1 25
$1.25
$-0.02
Q4 24
$1.31
Q3 24
$0.76
$-0.01
Q2 24
$0.52
Q1 24
$1.06
$-0.09

Balance Sheet & Financial Strength

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

Metric
NWE
NWE
REAX
REAX
Cash + ST InvestmentsLiquidity on hand
$8.8M
$38.7M
Total DebtLower is stronger
$3.3B
Stockholders' EquityBook value
$2.9B
$53.6M
Total Assets
$8.5B
$145.2M
Debt / EquityLower = less leverage
1.14×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NWE
NWE
REAX
REAX
Q4 25
$8.8M
Q3 25
$6.2M
$38.7M
Q2 25
$2.9M
$49.7M
Q1 25
$56.0M
$24.7M
Q4 24
$4.3M
Q3 24
$2.5M
$22.6M
Q2 24
$6.4M
Q1 24
$4.2M
$20.1M
Total Debt
NWE
NWE
REAX
REAX
Q4 25
$3.3B
Q3 25
Q2 25
Q1 25
Q4 24
$3.0B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
NWE
NWE
REAX
REAX
Q4 25
$2.9B
Q3 25
$2.9B
$53.6M
Q2 25
$2.9B
$49.2M
Q1 25
$2.9B
$32.8M
Q4 24
$2.9B
Q3 24
$2.8B
$29.8M
Q2 24
$2.8B
Q1 24
$2.8B
$25.6M
Total Assets
NWE
NWE
REAX
REAX
Q4 25
$8.5B
Q3 25
$8.3B
$145.2M
Q2 25
$8.1B
$149.4M
Q1 25
$8.1B
$100.5M
Q4 24
$8.0B
Q3 24
$7.9B
$102.5M
Q2 24
$7.7B
Q1 24
$7.6B
Debt / Equity
NWE
NWE
REAX
REAX
Q4 25
1.14×
Q3 25
Q2 25
Q1 25
Q4 24
1.05×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
NWE
NWE
REAX
REAX
Operating Cash FlowLast quarter
$56.2M
$8.8M
Free Cash FlowOCF − Capex
$-93.7M
$8.4M
FCF MarginFCF / Revenue
-22.6%
1.5%
Capex IntensityCapex / Revenue
36.2%
0.1%
Cash ConversionOCF / Net Profit
1.26×
TTM Free Cash FlowTrailing 4 quarters
$-130.0M
$71.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NWE
NWE
REAX
REAX
Q4 25
$56.2M
Q3 25
$126.7M
$8.8M
Q2 25
$58.2M
$41.0M
Q1 25
$153.4M
$15.9M
Q4 24
$62.8M
Q3 24
$120.0M
$7.2M
Q2 24
$62.3M
Q1 24
$161.7M
$21.5M
Free Cash Flow
NWE
NWE
REAX
REAX
Q4 25
$-93.7M
Q3 25
$-26.9M
$8.4M
Q2 25
$-70.6M
$40.8M
Q1 25
$61.3M
$15.7M
Q4 24
$-85.9M
Q3 24
$-33.2M
$6.8M
Q2 24
$-76.3M
Q1 24
$52.9M
$21.4M
FCF Margin
NWE
NWE
REAX
REAX
Q4 25
-22.6%
Q3 25
-6.9%
1.5%
Q2 25
-20.6%
7.5%
Q1 25
13.1%
4.4%
Q4 24
-23.0%
Q3 24
-9.6%
1.8%
Q2 24
-23.9%
Q1 24
11.1%
10.7%
Capex Intensity
NWE
NWE
REAX
REAX
Q4 25
36.2%
Q3 25
39.7%
0.1%
Q2 25
37.6%
0.0%
Q1 25
19.7%
0.1%
Q4 24
39.8%
Q3 24
44.4%
0.1%
Q2 24
43.3%
Q1 24
22.9%
0.0%
Cash Conversion
NWE
NWE
REAX
REAX
Q4 25
1.26×
Q3 25
3.31×
Q2 25
2.74×
27.13×
Q1 25
1.99×
Q4 24
0.78×
Q3 24
2.56×
Q2 24
1.97×
Q1 24
2.48×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NWE
NWE

Electricity Us Regulated$315.3M76%
Other Tariff Based Revenue$50.5M12%
Transmission Customers$28.4M7%
Industrial Customers$11.0M3%
Other Customers$6.1M1%

REAX
REAX

Segment breakdown not available.

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