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Side-by-side financial comparison of PubMatic, Inc. (PUBM) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.
PubMatic, Inc. is the larger business by last-quarter revenue ($80.0M vs $71.1M, roughly 1.1× RE/MAX Holdings, Inc.). On growth, RE/MAX Holdings, Inc. posted the faster year-over-year revenue change (-1.8% vs -6.4%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $11.3M). Over the past eight quarters, PubMatic, Inc.'s revenue compounded faster (9.5% CAGR vs -4.7%).
PubMatic, Inc. develops and implements online advertising software and strategies for the digital publishing and advertising industry. PubMatic's sell-side, real-time programmatic ad transaction advertising software puts publishers of websites, videos, and mobile apps into contact with ad buyers by using automated systems, while allowing users to opt-out of having their personal information collected on internet searches. PubMatic has a number of offices in countries around the world.
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.
PUBM vs RMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $80.0M | $71.1M |
| Net Profit | — | $1.4M |
| Gross Margin | 68.2% | — |
| Operating Margin | 10.6% | 13.1% |
| Net Margin | — | 2.0% |
| Revenue YoY | -6.4% | -1.8% |
| Net Profit YoY | — | -75.2% |
| EPS (diluted) | $0.14 | — |
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 | $80.0M | $71.1M | ||
| Q3 25 | $68.0M | $73.2M | ||
| Q2 25 | $71.1M | $72.8M | ||
| Q1 25 | $63.8M | $74.5M | ||
| Q4 24 | $85.5M | $72.5M | ||
| Q3 24 | $71.8M | $78.5M | ||
| Q2 24 | $67.3M | $78.5M | ||
| Q1 24 | $66.7M | $78.3M |
| Q4 25 | — | $1.4M | ||
| Q3 25 | $-6.5M | $4.0M | ||
| Q2 25 | $-5.2M | $4.7M | ||
| Q1 25 | $-9.5M | $-2.0M | ||
| Q4 24 | — | $5.8M | ||
| Q3 24 | $-912.0K | $966.0K | ||
| Q2 24 | $2.0M | $3.7M | ||
| Q1 24 | $-2.5M | $-3.4M |
| Q4 25 | 68.2% | — | ||
| Q3 25 | 62.6% | — | ||
| Q2 25 | 62.6% | — | ||
| Q1 25 | 59.9% | — | ||
| Q4 24 | 70.8% | — | ||
| Q3 24 | 64.5% | — | ||
| Q2 24 | 62.6% | — | ||
| Q1 24 | 61.9% | — |
| Q4 25 | 10.6% | 13.1% | ||
| Q3 25 | -12.4% | 25.0% | ||
| Q2 25 | -7.7% | 19.3% | ||
| Q1 25 | -18.6% | 7.2% | ||
| Q4 24 | 17.3% | 5.9% | ||
| Q3 24 | -1.9% | 19.4% | ||
| Q2 24 | -5.9% | 20.6% | ||
| Q1 24 | -8.3% | 5.8% |
| Q4 25 | — | 2.0% | ||
| Q3 25 | -9.5% | 5.4% | ||
| Q2 25 | -7.3% | 6.4% | ||
| Q1 25 | -14.9% | -2.6% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | -1.3% | 1.2% | ||
| Q2 24 | 2.9% | 4.7% | ||
| Q1 24 | -3.7% | -4.3% |
| Q4 25 | $0.14 | — | ||
| Q3 25 | $-0.14 | — | ||
| Q2 25 | $-0.11 | — | ||
| Q1 25 | $-0.20 | — | ||
| Q4 24 | $0.26 | — | ||
| Q3 24 | $-0.02 | — | ||
| Q2 24 | $0.04 | — | ||
| Q1 24 | $-0.05 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $145.5M | $118.7M |
| Total DebtLower is stronger | — | $432.2M |
| Stockholders' EquityBook value | $262.6M | $452.4M |
| Total Assets | $680.2M | $582.5M |
| Debt / EquityLower = less leverage | — | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $145.5M | $118.7M | ||
| Q3 25 | $136.5M | $107.5M | ||
| Q2 25 | $90.5M | $94.3M | ||
| Q1 25 | $101.8M | $89.1M | ||
| Q4 24 | $100.5M | $96.6M | ||
| Q3 24 | $78.9M | $83.8M | ||
| Q2 24 | $73.5M | $66.1M | ||
| Q1 24 | $80.2M | $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 | $262.6M | $452.4M | ||
| Q3 25 | $245.1M | $448.1M | ||
| Q2 25 | $243.3M | $442.4M | ||
| Q1 25 | $275.6M | $433.5M | ||
| Q4 24 | $277.3M | $429.5M | ||
| Q3 24 | $263.2M | $423.1M | ||
| Q2 24 | $282.7M | $418.4M | ||
| Q1 24 | $288.7M | $412.0M |
| Q4 25 | $680.2M | $582.5M | ||
| Q3 25 | $676.2M | $582.2M | ||
| Q2 25 | $675.2M | $574.8M | ||
| Q1 25 | $668.6M | $571.4M | ||
| Q4 24 | $739.5M | $581.6M | ||
| Q3 24 | $689.1M | $578.6M | ||
| Q2 24 | $673.1M | $571.4M | ||
| Q1 24 | $626.2M | $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 | $18.2M | $40.9M |
| Free Cash FlowOCF − Capex | $11.3M | $33.5M |
| FCF MarginFCF / Revenue | 14.1% | 47.1% |
| Capex IntensityCapex / Revenue | 8.6% | 10.4% |
| Cash ConversionOCF / Net Profit | — | 28.39× |
| TTM Free Cash FlowTrailing 4 quarters | $66.7M | $56.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.2M | $40.9M | ||
| Q3 25 | $32.4M | $17.7M | ||
| Q2 25 | $14.9M | $4.6M | ||
| Q1 25 | $15.6M | $5.7M | ||
| Q4 24 | $18.0M | $59.7M | ||
| Q3 24 | $19.1M | $17.6M | ||
| Q2 24 | $11.9M | $15.9M | ||
| Q1 24 | $24.3M | $9.4M |
| Q4 25 | $11.3M | $33.5M | ||
| Q3 25 | $27.7M | $16.4M | ||
| Q2 25 | $13.6M | $2.9M | ||
| Q1 25 | $14.2M | $4.0M | ||
| Q4 24 | $13.7M | $53.0M | ||
| Q3 24 | $7.4M | $16.3M | ||
| Q2 24 | $11.2M | $14.0M | ||
| Q1 24 | $23.5M | $6.8M |
| Q4 25 | 14.1% | 47.1% | ||
| Q3 25 | 40.8% | 22.4% | ||
| Q2 25 | 19.1% | 4.0% | ||
| Q1 25 | 22.2% | 5.3% | ||
| Q4 24 | 16.1% | 73.2% | ||
| Q3 24 | 10.3% | 20.8% | ||
| Q2 24 | 16.7% | 17.8% | ||
| Q1 24 | 35.2% | 8.6% |
| Q4 25 | 8.6% | 10.4% | ||
| Q3 25 | 6.9% | 1.8% | ||
| Q2 25 | 1.9% | 2.2% | ||
| Q1 25 | 2.3% | 2.3% | ||
| Q4 24 | 5.1% | 9.1% | ||
| Q3 24 | 16.3% | 1.7% | ||
| Q2 24 | 1.1% | 2.4% | ||
| Q1 24 | 1.2% | 3.3% |
| Q4 25 | — | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | — | 18.22× | ||
| Q2 24 | 6.06× | 4.29× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PUBM
Segment breakdown not available.
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
