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Side-by-side financial comparison of PETMED EXPRESS INC (PETS) 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 $40.7M, roughly 1.7× PETMED EXPRESS INC). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs -26.0%, a 28.0% gap on every dollar of revenue. On growth, RE/MAX Holdings, Inc. posted the faster year-over-year revenue change (-1.8% vs -23.3%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $-9.2M). Over the past eight quarters, RE/MAX Holdings, Inc.'s revenue compounded faster (-4.7% CAGR vs -20.9%).
PetMed Express, Inc., also known as PetMeds, is an online pet pharmacy based in the United States. It is publicly traded and sells prescription and non-prescription pet medication.
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.
PETS vs RMAX — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | ||
|---|---|---|
| Revenue | $40.7M | $71.1M |
| Net Profit | $-10.6M | $1.4M |
| Gross Margin | 23.3% | — |
| Operating Margin | -25.7% | 13.1% |
| Net Margin | -26.0% | 2.0% |
| Revenue YoY | -23.3% | -1.8% |
| Net Profit YoY | -1392.6% | -75.2% |
| EPS (diluted) | $-0.50 | — |
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 | $40.7M | $71.1M | ||
| Q3 25 | $44.4M | $73.2M | ||
| Q2 25 | $51.2M | $72.8M | ||
| Q1 25 | $50.8M | $74.5M | ||
| Q4 24 | $52.0M | $72.5M | ||
| Q3 24 | $58.0M | $78.5M | ||
| Q2 24 | $66.2M | $78.5M | ||
| Q1 24 | $65.1M | $78.3M |
| Q4 25 | $-10.6M | $1.4M | ||
| Q3 25 | $-8.5M | $4.0M | ||
| Q2 25 | $-34.2M | $4.7M | ||
| Q1 25 | $-11.6M | $-2.0M | ||
| Q4 24 | $-707.0K | $5.8M | ||
| Q3 24 | $2.3M | $966.0K | ||
| Q2 24 | $3.8M | $3.7M | ||
| Q1 24 | $-5.0M | $-3.4M |
| Q4 25 | 23.3% | — | ||
| Q3 25 | 28.0% | — | ||
| Q2 25 | 28.1% | — | ||
| Q1 25 | 29.9% | — | ||
| Q4 24 | 31.0% | — | ||
| Q3 24 | 32.3% | — | ||
| Q2 24 | 28.8% | — | ||
| Q1 24 | 29.3% | — |
| Q4 25 | -25.7% | 13.1% | ||
| Q3 25 | -18.9% | 25.0% | ||
| Q2 25 | -66.7% | 19.3% | ||
| Q1 25 | -11.9% | 7.2% | ||
| Q4 24 | -0.9% | 5.9% | ||
| Q3 24 | 1.0% | 19.4% | ||
| Q2 24 | 6.6% | 20.6% | ||
| Q1 24 | -5.9% | 5.8% |
| Q4 25 | -26.0% | 2.0% | ||
| Q3 25 | -19.2% | 5.4% | ||
| Q2 25 | -66.7% | 6.4% | ||
| Q1 25 | -22.9% | -2.6% | ||
| Q4 24 | -1.4% | 8.0% | ||
| Q3 24 | 4.0% | 1.2% | ||
| Q2 24 | 5.7% | 4.7% | ||
| Q1 24 | -7.7% | -4.3% |
| Q4 25 | $-0.50 | — | ||
| Q3 25 | $-0.41 | — | ||
| Q2 25 | $-1.65 | — | ||
| Q1 25 | $-0.56 | — | ||
| Q4 24 | $-0.03 | — | ||
| Q3 24 | $0.11 | — | ||
| Q2 24 | $0.18 | — | ||
| Q1 24 | $-0.24 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | ||
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $26.9M | $118.7M |
| Total DebtLower is stronger | — | $432.2M |
| Stockholders' EquityBook value | $32.8M | $452.4M |
| Total Assets | $88.0M | $582.5M |
| Debt / EquityLower = less leverage | — | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.9M | $118.7M | ||
| Q3 25 | $36.1M | $107.5M | ||
| Q2 25 | $41.1M | $94.3M | ||
| Q1 25 | $54.7M | $89.1M | ||
| Q4 24 | $50.1M | $96.6M | ||
| Q3 24 | $52.0M | $83.8M | ||
| Q2 24 | $46.0M | $66.1M | ||
| Q1 24 | $55.3M | $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 | $32.8M | $452.4M | ||
| Q3 25 | $43.1M | $448.1M | ||
| Q2 25 | $51.5M | $442.4M | ||
| Q1 25 | $85.1M | $433.5M | ||
| Q4 24 | $96.2M | $429.5M | ||
| Q3 24 | $96.4M | $423.1M | ||
| Q2 24 | $93.5M | $418.4M | ||
| Q1 24 | $96.7M | $412.0M |
| Q4 25 | $88.0M | $582.5M | ||
| Q3 25 | $100.3M | $582.2M | ||
| Q2 25 | $109.8M | $574.8M | ||
| Q1 25 | $148.7M | $571.4M | ||
| Q4 24 | $144.8M | $581.6M | ||
| Q3 24 | $146.0M | $578.6M | ||
| Q2 24 | $152.7M | $571.4M | ||
| Q1 24 | $169.9M | $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 | $-9.2M | $40.9M |
| Free Cash FlowOCF − Capex | $-9.2M | $33.5M |
| FCF MarginFCF / Revenue | -22.7% | 47.1% |
| Capex IntensityCapex / Revenue | 0.1% | 10.4% |
| Cash ConversionOCF / Net Profit | — | 28.39× |
| TTM Free Cash FlowTrailing 4 quarters | $-23.0M | $56.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-9.2M | $40.9M | ||
| Q3 25 | $-2.2M | $17.7M | ||
| Q2 25 | $-12.3M | $4.6M | ||
| Q1 25 | $7.0M | $5.7M | ||
| Q4 24 | $-1.2M | $59.7M | ||
| Q3 24 | $7.4M | $17.6M | ||
| Q2 24 | $-8.5M | $15.9M | ||
| Q1 24 | $7.1M | $9.4M |
| Q4 25 | $-9.2M | $33.5M | ||
| Q3 25 | $-4.8M | $16.4M | ||
| Q2 25 | $-13.6M | $2.9M | ||
| Q1 25 | $4.6M | $4.0M | ||
| Q4 24 | $-1.9M | $53.0M | ||
| Q3 24 | $6.1M | $16.3M | ||
| Q2 24 | $-9.2M | $14.0M | ||
| Q1 24 | $5.9M | $6.8M |
| Q4 25 | -22.7% | 47.1% | ||
| Q3 25 | -10.8% | 22.4% | ||
| Q2 25 | -26.5% | 4.0% | ||
| Q1 25 | 9.1% | 5.3% | ||
| Q4 24 | -3.7% | 73.2% | ||
| Q3 24 | 10.6% | 20.8% | ||
| Q2 24 | -13.9% | 17.8% | ||
| Q1 24 | 9.0% | 8.6% |
| Q4 25 | 0.1% | 10.4% | ||
| Q3 25 | 5.9% | 1.8% | ||
| Q2 25 | 2.5% | 2.2% | ||
| Q1 25 | 4.7% | 2.3% | ||
| Q4 24 | 1.5% | 9.1% | ||
| Q3 24 | 2.2% | 1.7% | ||
| Q2 24 | 1.0% | 2.4% | ||
| Q1 24 | 1.9% | 3.3% |
| Q4 25 | — | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | 3.18× | 18.22× | ||
| Q2 24 | -2.27× | 4.29× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PETS
| Reorder | $34.0M | 84% |
| New Order | $5.0M | 12% |
| Membership Fees | $1.6M | 4% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |