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Side-by-side financial comparison of READING INTERNATIONAL INC (RDI) 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 $50.3M, roughly 1.4× READING INTERNATIONAL INC). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs -5.1%, a 7.1% gap on every dollar of revenue. On growth, RE/MAX Holdings, Inc. posted the faster year-over-year revenue change (-1.8% vs -14.2%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $4.1M). Over the past eight quarters, READING INTERNATIONAL INC's revenue compounded faster (5.6% CAGR vs -4.7%).
The Reading Company was a Philadelphia-headquartered railroad that provided passenger and freight transport in eastern Pennsylvania and neighboring states from 1924 until its acquisition by Conrail in 1976.
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.
RDI vs RMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.3M | $71.1M |
| Net Profit | $-2.6M | $1.4M |
| Gross Margin | — | — |
| Operating Margin | -1.9% | 13.1% |
| Net Margin | -5.1% | 2.0% |
| Revenue YoY | -14.2% | -1.8% |
| Net Profit YoY | -14.5% | -75.2% |
| EPS (diluted) | $-0.11 | — |
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 | $50.3M | $71.1M | ||
| Q3 25 | $52.2M | $73.2M | ||
| Q2 25 | $60.4M | $72.8M | ||
| Q1 25 | $40.2M | $74.5M | ||
| Q4 24 | $58.6M | $72.5M | ||
| Q3 24 | $60.1M | $78.5M | ||
| Q2 24 | $46.8M | $78.5M | ||
| Q1 24 | $45.1M | $78.3M |
| Q4 25 | $-2.6M | $1.4M | ||
| Q3 25 | $-4.2M | $4.0M | ||
| Q2 25 | $-2.7M | $4.7M | ||
| Q1 25 | $-4.8M | $-2.0M | ||
| Q4 24 | $-2.2M | $5.8M | ||
| Q3 24 | $-7.0M | $966.0K | ||
| Q2 24 | $-12.8M | $3.7M | ||
| Q1 24 | $-13.2M | $-3.4M |
| Q4 25 | -1.9% | 13.1% | ||
| Q3 25 | -0.6% | 25.0% | ||
| Q2 25 | 4.8% | 19.3% | ||
| Q1 25 | -17.2% | 7.2% | ||
| Q4 24 | 2.6% | 5.9% | ||
| Q3 24 | -0.6% | 19.4% | ||
| Q2 24 | -16.4% | 20.6% | ||
| Q1 24 | -16.7% | 5.8% |
| Q4 25 | -5.1% | 2.0% | ||
| Q3 25 | -8.0% | 5.4% | ||
| Q2 25 | -4.4% | 6.4% | ||
| Q1 25 | -11.8% | -2.6% | ||
| Q4 24 | -3.8% | 8.0% | ||
| Q3 24 | -11.7% | 1.2% | ||
| Q2 24 | -27.4% | 4.7% | ||
| Q1 24 | -29.4% | -4.3% |
| Q4 25 | $-0.11 | — | ||
| Q3 25 | $-0.18 | — | ||
| Q2 25 | $-0.12 | — | ||
| Q1 25 | $-0.21 | — | ||
| Q4 24 | $-0.11 | — | ||
| Q3 24 | $-0.31 | — | ||
| Q2 24 | $-0.57 | — | ||
| Q1 24 | $-0.59 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $10.5M | $118.7M |
| Total DebtLower is stronger | $185.1M | $432.2M |
| Stockholders' EquityBook value | $-18.2M | $452.4M |
| Total Assets | $434.9M | $582.5M |
| Debt / EquityLower = less leverage | — | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.5M | $118.7M | ||
| Q3 25 | $8.1M | $107.5M | ||
| Q2 25 | $9.1M | $94.3M | ||
| Q1 25 | $5.9M | $89.1M | ||
| Q4 24 | $12.4M | $96.6M | ||
| Q3 24 | $10.1M | $83.8M | ||
| Q2 24 | $9.3M | $66.1M | ||
| Q1 24 | $7.5M | $82.1M |
| Q4 25 | $185.1M | $432.2M | ||
| Q3 25 | — | $433.3M | ||
| Q2 25 | — | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | $202.7M | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | — | $439.0M |
| Q4 25 | $-18.2M | $452.4M | ||
| Q3 25 | $-12.1M | $448.1M | ||
| Q2 25 | $-7.7M | $442.4M | ||
| Q1 25 | $-8.1M | $433.5M | ||
| Q4 24 | $-4.4M | $429.5M | ||
| Q3 24 | $1.6M | $423.1M | ||
| Q2 24 | $6.5M | $418.4M | ||
| Q1 24 | $18.0M | $412.0M |
| Q4 25 | $434.9M | $582.5M | ||
| Q3 25 | $435.2M | $582.2M | ||
| Q2 25 | $438.1M | $574.8M | ||
| Q1 25 | $441.0M | $571.4M | ||
| Q4 24 | $471.0M | $581.6M | ||
| Q3 24 | $495.7M | $578.6M | ||
| Q2 24 | $494.9M | $571.4M | ||
| Q1 24 | $494.9M | $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 | $4.3M | $40.9M |
| Free Cash FlowOCF − Capex | $4.1M | $33.5M |
| FCF MarginFCF / Revenue | 8.2% | 47.1% |
| Capex IntensityCapex / Revenue | 0.3% | 10.4% |
| Cash ConversionOCF / Net Profit | — | 28.39× |
| TTM Free Cash FlowTrailing 4 quarters | $-2.9M | $56.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.3M | $40.9M | ||
| Q3 25 | $295.0K | $17.7M | ||
| Q2 25 | $1.6M | $4.6M | ||
| Q1 25 | $-7.7M | $5.7M | ||
| Q4 24 | $8.0M | $59.7M | ||
| Q3 24 | $1.3M | $17.6M | ||
| Q2 24 | $-10.4M | $15.9M | ||
| Q1 24 | $-2.8M | $9.4M |
| Q4 25 | $4.1M | $33.5M | ||
| Q3 25 | $-246.0K | $16.4M | ||
| Q2 25 | $1.2M | $2.9M | ||
| Q1 25 | $-8.0M | $4.0M | ||
| Q4 24 | $7.0M | $53.0M | ||
| Q3 24 | $-1.1M | $16.3M | ||
| Q2 24 | $-10.6M | $14.0M | ||
| Q1 24 | $-4.7M | $6.8M |
| Q4 25 | 8.2% | 47.1% | ||
| Q3 25 | -0.5% | 22.4% | ||
| Q2 25 | 1.9% | 4.0% | ||
| Q1 25 | -19.8% | 5.3% | ||
| Q4 24 | 12.0% | 73.2% | ||
| Q3 24 | -1.8% | 20.8% | ||
| Q2 24 | -22.7% | 17.8% | ||
| Q1 24 | -10.4% | 8.6% |
| Q4 25 | 0.3% | 10.4% | ||
| Q3 25 | 1.0% | 1.8% | ||
| Q2 25 | 0.6% | 2.2% | ||
| Q1 25 | 0.6% | 2.3% | ||
| Q4 24 | 1.7% | 9.1% | ||
| Q3 24 | 4.0% | 1.7% | ||
| Q2 24 | 0.5% | 2.4% | ||
| Q1 24 | 4.3% | 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 | — | 4.29× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
