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Side-by-side financial comparison of Quipt Home Medical Corp. (QIPT) 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 $49.0M, roughly 1.5× Quipt Home Medical Corp.). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs -2.1%, a 4.2% gap on every dollar of revenue. On growth, Quipt Home Medical Corp. posted the faster year-over-year revenue change (32.3% vs -1.8%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $6.9M).

Quipt Home Medical Corp is a U.S.-based home medical equipment provider specializing in respiratory care, sleep therapy supplies, and chronic disease management products. It serves patients with long-term health conditions, partners with healthcare providers and insurance payers across operating regions to deliver accessible in-home medical solutions.

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.

QIPT vs RMAX — Head-to-Head

Bigger by revenue
RMAX
RMAX
1.5× larger
RMAX
$71.1M
$49.0M
QIPT
Growing faster (revenue YoY)
QIPT
QIPT
+34.1% gap
QIPT
32.3%
-1.8%
RMAX
Higher net margin
RMAX
RMAX
4.2% more per $
RMAX
2.0%
-2.1%
QIPT
More free cash flow
RMAX
RMAX
$26.6M more FCF
RMAX
$33.5M
$6.9M
QIPT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
QIPT
QIPT
RMAX
RMAX
Revenue
$49.0M
$71.1M
Net Profit
$-1.1M
$1.4M
Gross Margin
53.5%
Operating Margin
2.1%
13.1%
Net Margin
-2.1%
2.0%
Revenue YoY
32.3%
-1.8%
Net Profit YoY
2.9%
-75.2%
EPS (diluted)
$-0.02

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
QIPT
QIPT
RMAX
RMAX
Q4 25
$49.0M
$71.1M
Q3 25
$39.8M
$73.2M
Q2 25
$35.1M
$72.8M
Q1 25
$33.3M
$74.5M
Q4 24
$37.1M
$72.5M
Q3 24
$78.5M
Q2 24
$78.5M
Q1 24
$78.3M
Net Profit
QIPT
QIPT
RMAX
RMAX
Q4 25
$-1.1M
$1.4M
Q3 25
$-3.5M
$4.0M
Q2 25
$-3.0M
$4.7M
Q1 25
$-3.0M
$-2.0M
Q4 24
$-1.1M
$5.8M
Q3 24
$966.0K
Q2 24
$3.7M
Q1 24
$-3.4M
Gross Margin
QIPT
QIPT
RMAX
RMAX
Q4 25
53.5%
Q3 25
48.7%
Q2 25
57.6%
Q1 25
54.6%
Q4 24
52.1%
Q3 24
Q2 24
Q1 24
Operating Margin
QIPT
QIPT
RMAX
RMAX
Q4 25
2.1%
13.1%
Q3 25
-3.6%
25.0%
Q2 25
-5.2%
19.3%
Q1 25
-3.0%
7.2%
Q4 24
1.2%
5.9%
Q3 24
19.4%
Q2 24
20.6%
Q1 24
5.8%
Net Margin
QIPT
QIPT
RMAX
RMAX
Q4 25
-2.1%
2.0%
Q3 25
-8.9%
5.4%
Q2 25
-8.6%
6.4%
Q1 25
-9.1%
-2.6%
Q4 24
-2.9%
8.0%
Q3 24
1.2%
Q2 24
4.7%
Q1 24
-4.3%
EPS (diluted)
QIPT
QIPT
RMAX
RMAX
Q4 25
$-0.02
Q3 25
$-0.07
Q2 25
$-0.07
Q1 25
$-0.07
Q4 24
$-0.03
Q3 24
Q2 24
Q1 24

Balance Sheet & Financial Strength

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

Metric
QIPT
QIPT
RMAX
RMAX
Cash + ST InvestmentsLiquidity on hand
$10.5M
$118.7M
Total DebtLower is stronger
$84.0M
$432.2M
Stockholders' EquityBook value
$113.0M
$452.4M
Total Assets
$280.7M
$582.5M
Debt / EquityLower = less leverage
0.74×
0.96×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
QIPT
QIPT
RMAX
RMAX
Q4 25
$10.5M
$118.7M
Q3 25
$12.9M
$107.5M
Q2 25
$11.3M
$94.3M
Q1 25
$17.1M
$89.1M
Q4 24
$15.5M
$96.6M
Q3 24
$83.8M
Q2 24
$66.1M
Q1 24
$82.1M
Total Debt
QIPT
QIPT
RMAX
RMAX
Q4 25
$84.0M
$432.2M
Q3 25
$87.6M
$433.3M
Q2 25
$66.0M
$434.4M
Q1 25
$71.5M
$435.3M
Q4 24
$70.6M
$436.2M
Q3 24
$437.2M
Q2 24
$438.1M
Q1 24
$439.0M
Stockholders' Equity
QIPT
QIPT
RMAX
RMAX
Q4 25
$113.0M
$452.4M
Q3 25
$112.1M
$448.1M
Q2 25
$102.5M
$442.4M
Q1 25
$103.6M
$433.5M
Q4 24
$106.3M
$429.5M
Q3 24
$423.1M
Q2 24
$418.4M
Q1 24
$412.0M
Total Assets
QIPT
QIPT
RMAX
RMAX
Q4 25
$280.7M
$582.5M
Q3 25
$283.3M
$582.2M
Q2 25
$236.1M
$574.8M
Q1 25
$244.6M
$571.4M
Q4 24
$242.8M
$581.6M
Q3 24
$578.6M
Q2 24
$571.4M
Q1 24
$566.7M
Debt / Equity
QIPT
QIPT
RMAX
RMAX
Q4 25
0.74×
0.96×
Q3 25
0.78×
0.97×
Q2 25
0.64×
0.98×
Q1 25
0.69×
1.00×
Q4 24
0.66×
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
QIPT
QIPT
RMAX
RMAX
Operating Cash FlowLast quarter
$8.9M
$40.9M
Free Cash FlowOCF − Capex
$6.9M
$33.5M
FCF MarginFCF / Revenue
14.0%
47.1%
Capex IntensityCapex / Revenue
4.2%
10.4%
Cash ConversionOCF / Net Profit
28.39×
TTM Free Cash FlowTrailing 4 quarters
$26.6M
$56.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
QIPT
QIPT
RMAX
RMAX
Q4 25
$8.9M
$40.9M
Q3 25
$9.8M
$17.7M
Q2 25
$9.7M
$4.6M
Q1 25
$8.9M
$5.7M
Q4 24
$9.3M
$59.7M
Q3 24
$17.6M
Q2 24
$15.9M
Q1 24
$9.4M
Free Cash Flow
QIPT
QIPT
RMAX
RMAX
Q4 25
$6.9M
$33.5M
Q3 25
$8.0M
$16.4M
Q2 25
$4.4M
$2.9M
Q1 25
$7.3M
$4.0M
Q4 24
$5.6M
$53.0M
Q3 24
$16.3M
Q2 24
$14.0M
Q1 24
$6.8M
FCF Margin
QIPT
QIPT
RMAX
RMAX
Q4 25
14.0%
47.1%
Q3 25
20.0%
22.4%
Q2 25
12.6%
4.0%
Q1 25
22.0%
5.3%
Q4 24
15.2%
73.2%
Q3 24
20.8%
Q2 24
17.8%
Q1 24
8.6%
Capex Intensity
QIPT
QIPT
RMAX
RMAX
Q4 25
4.2%
10.4%
Q3 25
4.6%
1.8%
Q2 25
14.9%
2.2%
Q1 25
4.8%
2.3%
Q4 24
9.9%
9.1%
Q3 24
1.7%
Q2 24
2.4%
Q1 24
3.3%
Cash Conversion
QIPT
QIPT
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

QIPT
QIPT

Segment breakdown not available.

RMAX
RMAX

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

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