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Side-by-side financial comparison of Quest Resource Holding Corp (QRHC) 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 $58.9M, roughly 1.2× Quest Resource Holding Corp). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs -2.8%, a 4.8% gap on every dollar of revenue. On growth, RE/MAX Holdings, Inc. posted the faster year-over-year revenue change (-1.8% vs -15.8%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $1.0M). Over the past eight quarters, RE/MAX Holdings, Inc.'s revenue compounded faster (-4.7% CAGR vs -10.0%).

Quest Resource Holding Corp provides end-to-end waste management, recycling, and sustainability solutions to commercial, industrial, and retail clients across North America. It helps businesses cut waste volumes, reduce operational costs, and fulfill corporate environmental targets via customized waste diversion and circular economy initiatives.

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.

QRHC vs RMAX — Head-to-Head

Bigger by revenue
RMAX
RMAX
1.2× larger
RMAX
$71.1M
$58.9M
QRHC
Growing faster (revenue YoY)
RMAX
RMAX
+14.0% gap
RMAX
-1.8%
-15.8%
QRHC
Higher net margin
RMAX
RMAX
4.8% more per $
RMAX
2.0%
-2.8%
QRHC
More free cash flow
RMAX
RMAX
$32.5M more FCF
RMAX
$33.5M
$1.0M
QRHC
Faster 2-yr revenue CAGR
RMAX
RMAX
Annualised
RMAX
-4.7%
-10.0%
QRHC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
QRHC
QRHC
RMAX
RMAX
Revenue
$58.9M
$71.1M
Net Profit
$-1.7M
$1.4M
Gross Margin
15.5%
Operating Margin
0.9%
13.1%
Net Margin
-2.8%
2.0%
Revenue YoY
-15.8%
-1.8%
Net Profit YoY
82.6%
-75.2%
EPS (diluted)
$-0.08

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
QRHC
QRHC
RMAX
RMAX
Q4 25
$58.9M
$71.1M
Q3 25
$63.3M
$73.2M
Q2 25
$59.5M
$72.8M
Q1 25
$68.4M
$74.5M
Q4 24
$70.0M
$72.5M
Q3 24
$72.8M
$78.5M
Q2 24
$73.1M
$78.5M
Q1 24
$72.7M
$78.3M
Net Profit
QRHC
QRHC
RMAX
RMAX
Q4 25
$-1.7M
$1.4M
Q3 25
$-1.3M
$4.0M
Q2 25
$-2.0M
$4.7M
Q1 25
$-10.4M
$-2.0M
Q4 24
$-9.5M
$5.8M
Q3 24
$-3.4M
$966.0K
Q2 24
$-1.5M
$3.7M
Q1 24
$-655.0K
$-3.4M
Gross Margin
QRHC
QRHC
RMAX
RMAX
Q4 25
15.5%
Q3 25
18.1%
Q2 25
18.5%
Q1 25
16.0%
Q4 24
15.3%
Q3 24
16.1%
Q2 24
18.5%
Q1 24
19.3%
Operating Margin
QRHC
QRHC
RMAX
RMAX
Q4 25
0.9%
13.1%
Q3 25
1.7%
25.0%
Q2 25
0.6%
19.3%
Q1 25
-11.9%
7.2%
Q4 24
-10.3%
5.9%
Q3 24
-1.3%
19.4%
Q2 24
2.4%
20.6%
Q1 24
2.6%
5.8%
Net Margin
QRHC
QRHC
RMAX
RMAX
Q4 25
-2.8%
2.0%
Q3 25
-2.1%
5.4%
Q2 25
-3.3%
6.4%
Q1 25
-15.2%
-2.6%
Q4 24
-13.6%
8.0%
Q3 24
-4.7%
1.2%
Q2 24
-2.1%
4.7%
Q1 24
-0.9%
-4.3%
EPS (diluted)
QRHC
QRHC
RMAX
RMAX
Q4 25
$-0.08
Q3 25
$-0.06
Q2 25
$-0.09
Q1 25
$-0.50
Q4 24
$-0.47
Q3 24
$-0.16
Q2 24
$-0.07
Q1 24
$-0.03

Balance Sheet & Financial Strength

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

Metric
QRHC
QRHC
RMAX
RMAX
Cash + ST InvestmentsLiquidity on hand
$1.0M
$118.7M
Total DebtLower is stronger
$64.0M
$432.2M
Stockholders' EquityBook value
$40.5M
$452.4M
Total Assets
$145.6M
$582.5M
Debt / EquityLower = less leverage
1.58×
0.96×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
QRHC
QRHC
RMAX
RMAX
Q4 25
$1.0M
$118.7M
Q3 25
$1.1M
$107.5M
Q2 25
$449.0K
$94.3M
Q1 25
$1.4M
$89.1M
Q4 24
$396.0K
$96.6M
Q3 24
$1.1M
$83.8M
Q2 24
$957.5K
$66.1M
Q1 24
$581.1K
$82.1M
Total Debt
QRHC
QRHC
RMAX
RMAX
Q4 25
$64.0M
$432.2M
Q3 25
$65.4M
$433.3M
Q2 25
$69.7M
$434.4M
Q1 25
$74.1M
$435.3M
Q4 24
$76.3M
$436.2M
Q3 24
$71.9M
$437.2M
Q2 24
$70.7M
$438.1M
Q1 24
$68.5M
$439.0M
Stockholders' Equity
QRHC
QRHC
RMAX
RMAX
Q4 25
$40.5M
$452.4M
Q3 25
$42.0M
$448.1M
Q2 25
$42.9M
$442.4M
Q1 25
$44.4M
$433.5M
Q4 24
$54.2M
$429.5M
Q3 24
$62.8M
$423.1M
Q2 24
$65.6M
$418.4M
Q1 24
$66.3M
$412.0M
Total Assets
QRHC
QRHC
RMAX
RMAX
Q4 25
$145.6M
$582.5M
Q3 25
$149.3M
$582.2M
Q2 25
$153.1M
$574.8M
Q1 25
$165.7M
$571.4M
Q4 24
$175.6M
$581.6M
Q3 24
$178.2M
$578.6M
Q2 24
$181.8M
$571.4M
Q1 24
$179.0M
$566.7M
Debt / Equity
QRHC
QRHC
RMAX
RMAX
Q4 25
1.58×
0.96×
Q3 25
1.56×
0.97×
Q2 25
1.62×
0.98×
Q1 25
1.67×
1.00×
Q4 24
1.41×
1.02×
Q3 24
1.15×
1.03×
Q2 24
1.08×
1.05×
Q1 24
1.03×
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
QRHC
QRHC
RMAX
RMAX
Operating Cash FlowLast quarter
$1.1M
$40.9M
Free Cash FlowOCF − Capex
$1.0M
$33.5M
FCF MarginFCF / Revenue
1.7%
47.1%
Capex IntensityCapex / Revenue
0.1%
10.4%
Cash ConversionOCF / Net Profit
28.39×
TTM Free Cash FlowTrailing 4 quarters
$9.3M
$56.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
QRHC
QRHC
RMAX
RMAX
Q4 25
$1.1M
$40.9M
Q3 25
$5.7M
$17.7M
Q2 25
$3.9M
$4.6M
Q1 25
$-1.1M
$5.7M
Q4 24
$-4.8M
$59.7M
Q3 24
$-475.0K
$17.6M
Q2 24
$808.0K
$15.9M
Q1 24
$-1.7M
$9.4M
Free Cash Flow
QRHC
QRHC
RMAX
RMAX
Q4 25
$1.0M
$33.5M
Q3 25
$5.6M
$16.4M
Q2 25
$3.9M
$2.9M
Q1 25
$-1.2M
$4.0M
Q4 24
$-5.2M
$53.0M
Q3 24
$-583.0K
$16.3M
Q2 24
$-1.4M
$14.0M
Q1 24
$-3.6M
$6.8M
FCF Margin
QRHC
QRHC
RMAX
RMAX
Q4 25
1.7%
47.1%
Q3 25
8.9%
22.4%
Q2 25
6.5%
4.0%
Q1 25
-1.8%
5.3%
Q4 24
-7.4%
73.2%
Q3 24
-0.8%
20.8%
Q2 24
-2.0%
17.8%
Q1 24
-4.9%
8.6%
Capex Intensity
QRHC
QRHC
RMAX
RMAX
Q4 25
0.1%
10.4%
Q3 25
0.0%
1.8%
Q2 25
0.0%
2.2%
Q1 25
0.2%
2.3%
Q4 24
0.6%
9.1%
Q3 24
0.1%
1.7%
Q2 24
3.1%
2.4%
Q1 24
2.6%
3.3%
Cash Conversion
QRHC
QRHC
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

QRHC
QRHC

Services$55.8M95%
Product Sales And Other$3.1M5%

RMAX
RMAX

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

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