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Side-by-side financial comparison of ONITY GROUP INC. (ONIT) 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 $290.0M, roughly 2.0× ONITY GROUP INC.). ONITY GROUP INC. runs the higher net margin — 43.9% vs -0.1%, a 43.9% gap on every dollar of revenue. On growth, Real Brokerage Inc posted the faster year-over-year revenue change (52.6% vs 29.0%). Real Brokerage Inc produced more free cash flow last quarter ($8.4M vs $-750.9M).

Onity Group, formerly Ocwen, is a provider of residential and commercial mortgage loan servicing, special servicing, and asset management services, which has been described as "debt collectors, collecting monthly principal and interest from homeowners". Ocwen was founded in 1988 and is headquartered in West Palm Beach, Florida, with additional offices in Mount Laurel, NJ, Rancho Cordova, California, and St. Croix, U.S. Virgin Islands. It also has support operations in the Philippines and Indi...

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.

ONIT vs REAX — Head-to-Head

Bigger by revenue
REAX
REAX
2.0× larger
REAX
$568.5M
$290.0M
ONIT
Growing faster (revenue YoY)
REAX
REAX
+23.6% gap
REAX
52.6%
29.0%
ONIT
Higher net margin
ONIT
ONIT
43.9% more per $
ONIT
43.9%
-0.1%
REAX
More free cash flow
REAX
REAX
$759.3M more FCF
REAX
$8.4M
$-750.9M
ONIT

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ONIT
ONIT
REAX
REAX
Revenue
$290.0M
$568.5M
Net Profit
$127.2M
$-447.0K
Gross Margin
7.9%
Operating Margin
-0.1%
Net Margin
43.9%
-0.1%
Revenue YoY
29.0%
52.6%
Net Profit YoY
552.7%
82.7%
EPS (diluted)
$14.53
$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
ONIT
ONIT
REAX
REAX
Q4 25
$290.0M
Q3 25
$280.3M
$568.5M
Q2 25
$246.6M
$540.7M
Q1 25
$249.8M
$354.0M
Q4 24
$224.8M
Q3 24
$265.7M
$372.5M
Q2 24
$246.4M
Q1 24
$239.1M
$200.7M
Net Profit
ONIT
ONIT
REAX
REAX
Q4 25
$127.2M
Q3 25
$18.7M
$-447.0K
Q2 25
$21.5M
$1.5M
Q1 25
$22.1M
$-5.0M
Q4 24
$-28.1M
Q3 24
$21.4M
$-2.6M
Q2 24
$10.5M
Q1 24
$30.1M
$-16.1M
Gross Margin
ONIT
ONIT
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
ONIT
ONIT
REAX
REAX
Q4 25
Q3 25
-0.1%
Q2 25
0.3%
Q1 25
3.6%
-1.5%
Q4 24
-14.9%
Q3 24
10.4%
-0.7%
Q2 24
5.5%
Q1 24
13.3%
-7.8%
Net Margin
ONIT
ONIT
REAX
REAX
Q4 25
43.9%
Q3 25
6.7%
-0.1%
Q2 25
8.7%
0.3%
Q1 25
8.8%
-1.4%
Q4 24
-12.5%
Q3 24
8.1%
-0.7%
Q2 24
4.3%
Q1 24
12.6%
-8.0%
EPS (diluted)
ONIT
ONIT
REAX
REAX
Q4 25
$14.53
Q3 25
$2.03
$0.00
Q2 25
$2.40
$0.01
Q1 25
$2.50
$-0.02
Q4 24
$-3.59
Q3 24
$2.65
$-0.01
Q2 24
$1.33
Q1 24
$3.74
$-0.09

Balance Sheet & Financial Strength

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

Metric
ONIT
ONIT
REAX
REAX
Cash + ST InvestmentsLiquidity on hand
$180.5M
$38.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$627.9M
$53.6M
Total Assets
$16.2B
$145.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ONIT
ONIT
REAX
REAX
Q4 25
$180.5M
Q3 25
$172.8M
$38.7M
Q2 25
$194.3M
$49.7M
Q1 25
$178.0M
$24.7M
Q4 24
$184.8M
Q3 24
$201.6M
$22.6M
Q2 24
$203.1M
Q1 24
$185.1M
$20.1M
Stockholders' Equity
ONIT
ONIT
REAX
REAX
Q4 25
$627.9M
Q3 25
$501.4M
$53.6M
Q2 25
$481.9M
$49.2M
Q1 25
$460.2M
$32.8M
Q4 24
$442.9M
Q3 24
$468.2M
$29.8M
Q2 24
$446.2M
Q1 24
$432.1M
$25.6M
Total Assets
ONIT
ONIT
REAX
REAX
Q4 25
$16.2B
Q3 25
$16.1B
$145.2M
Q2 25
$16.5B
$149.4M
Q1 25
$16.3B
$100.5M
Q4 24
$16.4B
Q3 24
$13.2B
$102.5M
Q2 24
$13.1B
Q1 24
$13.1B

Cash Flow & Capital Efficiency

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

Metric
ONIT
ONIT
REAX
REAX
Operating Cash FlowLast quarter
$-748.0M
$8.8M
Free Cash FlowOCF − Capex
$-750.9M
$8.4M
FCF MarginFCF / Revenue
-258.9%
1.5%
Capex IntensityCapex / Revenue
1.0%
0.1%
Cash ConversionOCF / Net Profit
-5.88×
TTM Free Cash FlowTrailing 4 quarters
$71.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ONIT
ONIT
REAX
REAX
Q4 25
$-748.0M
Q3 25
$229.5M
$8.8M
Q2 25
$-598.8M
$41.0M
Q1 25
$-148.1M
$15.9M
Q4 24
$-573.8M
Q3 24
$19.2M
$7.2M
Q2 24
$-77.9M
Q1 24
$-297.1M
$21.5M
Free Cash Flow
ONIT
ONIT
REAX
REAX
Q4 25
$-750.9M
Q3 25
$228.8M
$8.4M
Q2 25
$40.8M
Q1 25
$-148.4M
$15.7M
Q4 24
$-574.6M
Q3 24
$19.1M
$6.8M
Q2 24
$-78.0M
Q1 24
$-297.2M
$21.4M
FCF Margin
ONIT
ONIT
REAX
REAX
Q4 25
-258.9%
Q3 25
81.6%
1.5%
Q2 25
7.5%
Q1 25
-59.4%
4.4%
Q4 24
-255.6%
Q3 24
7.2%
1.8%
Q2 24
-31.7%
Q1 24
-124.3%
10.7%
Capex Intensity
ONIT
ONIT
REAX
REAX
Q4 25
1.0%
Q3 25
0.2%
0.1%
Q2 25
0.0%
0.0%
Q1 25
0.1%
0.1%
Q4 24
0.4%
Q3 24
0.0%
0.1%
Q2 24
0.0%
Q1 24
0.0%
0.0%
Cash Conversion
ONIT
ONIT
REAX
REAX
Q4 25
-5.88×
Q3 25
12.27×
Q2 25
-27.85×
27.13×
Q1 25
-6.70×
Q4 24
Q3 24
0.90×
Q2 24
-7.42×
Q1 24
-9.87×

Financial Flow Comparison

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

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