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Side-by-side financial comparison of Real Brokerage Inc (REAX) and TIDEWATER INC (TDW). Click either name above to swap in a different company.

Real Brokerage Inc is the larger business by last-quarter revenue ($568.5M vs $336.8M, roughly 1.7× TIDEWATER INC). TIDEWATER INC runs the higher net margin — 65.3% vs -0.1%, a 65.4% gap on every dollar of revenue. On growth, Real Brokerage Inc posted the faster year-over-year revenue change (52.6% vs -2.4%). TIDEWATER INC produced more free cash flow last quarter ($147.8M vs $8.4M).

Anywhere Real Estate Inc., formerly Realogy, was an American real estate services firm. It operated and franchised real estate brands that provided brokerage, relocation, title, insurance, and settlement services. Brands included Better Homes and Gardens Real Estate, Century 21 Real Estate, Coldwell Banker, Corcoran Group, ERA Real Estate and Sotheby's International Realty. In 2026, the company was acquired by Compass, Inc.

Tidewater, Inc. is a publicly traded international petroleum service company headquartered in Houston, Texas, U.S. It operates a fleet of ships, primarily providing vessels and marine services to the offshore petroleum and offshore wind industries.

REAX vs TDW — Head-to-Head

Bigger by revenue
REAX
REAX
1.7× larger
REAX
$568.5M
$336.8M
TDW
Growing faster (revenue YoY)
REAX
REAX
+55.0% gap
REAX
52.6%
-2.4%
TDW
Higher net margin
TDW
TDW
65.4% more per $
TDW
65.3%
-0.1%
REAX
More free cash flow
TDW
TDW
$139.4M more FCF
TDW
$147.8M
$8.4M
REAX

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
REAX
REAX
TDW
TDW
Revenue
$568.5M
$336.8M
Net Profit
$-447.0K
$219.9M
Gross Margin
7.9%
Operating Margin
-0.1%
19.0%
Net Margin
-0.1%
65.3%
Revenue YoY
52.6%
-2.4%
Net Profit YoY
82.7%
495.8%
EPS (diluted)
$0.00
$4.37

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
REAX
REAX
TDW
TDW
Q4 25
$336.8M
Q3 25
$568.5M
$341.1M
Q2 25
$540.7M
$341.4M
Q1 25
$354.0M
$333.4M
Q4 24
$345.1M
Q3 24
$372.5M
$340.4M
Q2 24
$339.2M
Q1 24
$200.7M
$321.2M
Net Profit
REAX
REAX
TDW
TDW
Q4 25
$219.9M
Q3 25
$-447.0K
$-806.0K
Q2 25
$1.5M
$72.9M
Q1 25
$-5.0M
$42.7M
Q4 24
$36.9M
Q3 24
$-2.6M
$46.4M
Q2 24
$50.4M
Q1 24
$-16.1M
$47.0M
Gross Margin
REAX
REAX
TDW
TDW
Q4 25
Q3 25
7.9%
Q2 25
8.9%
Q1 25
9.6%
Q4 24
Q3 24
8.6%
Q2 24
Q1 24
10.3%
Operating Margin
REAX
REAX
TDW
TDW
Q4 25
19.0%
Q3 25
-0.1%
18.4%
Q2 25
0.3%
23.7%
Q1 25
-1.5%
22.5%
Q4 24
23.6%
Q3 24
-0.7%
20.6%
Q2 24
23.0%
Q1 24
-7.8%
25.5%
Net Margin
REAX
REAX
TDW
TDW
Q4 25
65.3%
Q3 25
-0.1%
-0.2%
Q2 25
0.3%
21.4%
Q1 25
-1.4%
12.8%
Q4 24
10.7%
Q3 24
-0.7%
13.6%
Q2 24
14.8%
Q1 24
-8.0%
14.6%
EPS (diluted)
REAX
REAX
TDW
TDW
Q4 25
$4.37
Q3 25
$0.00
$-0.02
Q2 25
$0.01
$1.46
Q1 25
$-0.02
$0.83
Q4 24
$0.70
Q3 24
$-0.01
$0.87
Q2 24
$0.94
Q1 24
$-0.09
$0.89

Balance Sheet & Financial Strength

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

Metric
REAX
REAX
TDW
TDW
Cash + ST InvestmentsLiquidity on hand
$38.7M
$578.8M
Total DebtLower is stronger
$670.1M
Stockholders' EquityBook value
$53.6M
$1.4B
Total Assets
$145.2M
$2.4B
Debt / EquityLower = less leverage
0.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
REAX
REAX
TDW
TDW
Q4 25
$578.8M
Q3 25
$38.7M
$428.2M
Q2 25
$49.7M
$369.4M
Q1 25
$24.7M
$341.8M
Q4 24
$324.9M
Q3 24
$22.6M
$280.8M
Q2 24
$315.9M
Q1 24
$20.1M
$280.9M
Total Debt
REAX
REAX
TDW
TDW
Q4 25
$670.1M
Q3 25
Q2 25
Q1 25
Q4 24
$647.9M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
REAX
REAX
TDW
TDW
Q4 25
$1.4B
Q3 25
$53.6M
$1.1B
Q2 25
$49.2M
$1.1B
Q1 25
$32.8M
$1.1B
Q4 24
$1.1B
Q3 24
$29.8M
$1.1B
Q2 24
$1.1B
Q1 24
$25.6M
$1.1B
Total Assets
REAX
REAX
TDW
TDW
Q4 25
$2.4B
Q3 25
$145.2M
$2.1B
Q2 25
$149.4M
$2.1B
Q1 25
$100.5M
$2.1B
Q4 24
$2.1B
Q3 24
$102.5M
$2.0B
Q2 24
$2.1B
Q1 24
$2.1B
Debt / Equity
REAX
REAX
TDW
TDW
Q4 25
0.49×
Q3 25
Q2 25
Q1 25
Q4 24
0.58×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
REAX
REAX
TDW
TDW
Operating Cash FlowLast quarter
$8.8M
$153.0M
Free Cash FlowOCF − Capex
$8.4M
$147.8M
FCF MarginFCF / Revenue
1.5%
43.9%
Capex IntensityCapex / Revenue
0.1%
1.5%
Cash ConversionOCF / Net Profit
0.70×
TTM Free Cash FlowTrailing 4 quarters
$71.7M
$353.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
REAX
REAX
TDW
TDW
Q4 25
$153.0M
Q3 25
$8.8M
$54.7M
Q2 25
$41.0M
$85.4M
Q1 25
$15.9M
$86.0M
Q4 24
$100.0M
Q3 24
$7.2M
$49.0M
Q2 24
$78.6M
Q1 24
$21.5M
$54.8M
Free Cash Flow
REAX
REAX
TDW
TDW
Q4 25
$147.8M
Q3 25
$8.4M
$49.6M
Q2 25
$40.8M
$80.2M
Q1 25
$15.7M
$75.7M
Q4 24
$95.5M
Q3 24
$6.8M
$43.3M
Q2 24
$72.3M
Q1 24
$21.4M
$43.8M
FCF Margin
REAX
REAX
TDW
TDW
Q4 25
43.9%
Q3 25
1.5%
14.5%
Q2 25
7.5%
23.5%
Q1 25
4.4%
22.7%
Q4 24
27.7%
Q3 24
1.8%
12.7%
Q2 24
21.3%
Q1 24
10.7%
13.6%
Capex Intensity
REAX
REAX
TDW
TDW
Q4 25
1.5%
Q3 25
0.1%
1.5%
Q2 25
0.0%
1.5%
Q1 25
0.1%
3.1%
Q4 24
1.3%
Q3 24
0.1%
1.7%
Q2 24
1.9%
Q1 24
0.0%
3.4%
Cash Conversion
REAX
REAX
TDW
TDW
Q4 25
0.70×
Q3 25
Q2 25
27.13×
1.17×
Q1 25
2.02×
Q4 24
2.71×
Q3 24
1.06×
Q2 24
1.56×
Q1 24
1.16×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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