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

Real Brokerage Inc is the larger business by last-quarter revenue ($568.5M vs $301.2M, roughly 1.9× VSE CORP). VSE CORP runs the higher net margin — 4.5% vs -0.1%, a 4.6% gap on every dollar of revenue. On growth, Real Brokerage Inc posted the faster year-over-year revenue change (52.6% vs 0.7%). VSE CORP produced more free cash flow last quarter ($30.9M 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.

VSE Corporation is a leading provider of aftermarket distribution and repair services. Operating through its two key segments, VSE significantly enhances the productivity and longevity of its customers' high-value, business-critical assets. The aviation segment is a leading provider of aftermarket parts distribution and maintenance, repair, and overhaul (MRO) services for components and engine accessories to commercial, business, and general aviation operators. The fleet segment specializes i...

REAX vs VSEC — Head-to-Head

Bigger by revenue
REAX
REAX
1.9× larger
REAX
$568.5M
$301.2M
VSEC
Growing faster (revenue YoY)
REAX
REAX
+51.9% gap
REAX
52.6%
0.7%
VSEC
Higher net margin
VSEC
VSEC
4.6% more per $
VSEC
4.5%
-0.1%
REAX
More free cash flow
VSEC
VSEC
$22.5M more FCF
VSEC
$30.9M
$8.4M
REAX

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
REAX
REAX
VSEC
VSEC
Revenue
$568.5M
$301.2M
Net Profit
$-447.0K
$13.6M
Gross Margin
7.9%
Operating Margin
-0.1%
10.8%
Net Margin
-0.1%
4.5%
Revenue YoY
52.6%
0.7%
Net Profit YoY
82.7%
3.9%
EPS (diluted)
$0.00
$0.64

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
VSEC
VSEC
Q4 25
$301.2M
Q3 25
$568.5M
$282.9M
Q2 25
$540.7M
$272.1M
Q1 25
$354.0M
$256.0M
Q4 24
$299.0M
Q3 24
$372.5M
$273.6M
Q2 24
$266.0M
Q1 24
$200.7M
$241.5M
Net Profit
REAX
REAX
VSEC
VSEC
Q4 25
$13.6M
Q3 25
$-447.0K
$3.9M
Q2 25
$1.5M
$3.2M
Q1 25
$-5.0M
$-9.0M
Q4 24
$13.1M
Q3 24
$-2.6M
$11.7M
Q2 24
$-2.8M
Q1 24
$-16.1M
$-6.6M
Gross Margin
REAX
REAX
VSEC
VSEC
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
VSEC
VSEC
Q4 25
10.8%
Q3 25
-0.1%
3.6%
Q2 25
0.3%
8.3%
Q1 25
-1.5%
9.6%
Q4 24
9.2%
Q3 24
-0.7%
8.7%
Q2 24
2.3%
Q1 24
-7.8%
10.0%
Net Margin
REAX
REAX
VSEC
VSEC
Q4 25
4.5%
Q3 25
-0.1%
1.4%
Q2 25
0.3%
1.2%
Q1 25
-1.4%
-3.5%
Q4 24
4.4%
Q3 24
-0.7%
4.3%
Q2 24
-1.0%
Q1 24
-8.0%
-2.7%
EPS (diluted)
REAX
REAX
VSEC
VSEC
Q4 25
$0.64
Q3 25
$0.00
$0.19
Q2 25
$0.01
$0.16
Q1 25
$-0.02
$-0.44
Q4 24
$0.79
Q3 24
$-0.01
$0.63
Q2 24
$-0.16
Q1 24
$-0.09
$-0.41

Balance Sheet & Financial Strength

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

Metric
REAX
REAX
VSEC
VSEC
Cash + ST InvestmentsLiquidity on hand
$38.7M
$69.4M
Total DebtLower is stronger
$292.8M
Stockholders' EquityBook value
$53.6M
$1.4B
Total Assets
$145.2M
$2.0B
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
REAX
REAX
VSEC
VSEC
Q4 25
$69.4M
Q3 25
$38.7M
$8.8M
Q2 25
$49.7M
$16.9M
Q1 25
$24.7M
$5.7M
Q4 24
$29.0M
Q3 24
$22.6M
$7.9M
Q2 24
$19.0M
Q1 24
$20.1M
$10.6M
Total Debt
REAX
REAX
VSEC
VSEC
Q4 25
$292.8M
Q3 25
$356.1M
Q2 25
$379.2M
Q1 25
$465.0M
Q4 24
$430.2M
Q3 24
$450.3M
Q2 24
$463.5M
Q1 24
$481.6M
Stockholders' Equity
REAX
REAX
VSEC
VSEC
Q4 25
$1.4B
Q3 25
$53.6M
$983.3M
Q2 25
$49.2M
$979.5M
Q1 25
$32.8M
$975.7M
Q4 24
$988.2M
Q3 24
$29.8M
$787.8M
Q2 24
$781.3M
Q1 24
$25.6M
$612.7M
Total Assets
REAX
REAX
VSEC
VSEC
Q4 25
$2.0B
Q3 25
$145.2M
$1.6B
Q2 25
$149.4M
$1.6B
Q1 25
$100.5M
$1.7B
Q4 24
$1.7B
Q3 24
$102.5M
$1.5B
Q2 24
$1.5B
Q1 24
$1.3B
Debt / Equity
REAX
REAX
VSEC
VSEC
Q4 25
0.20×
Q3 25
0.36×
Q2 25
0.39×
Q1 25
0.48×
Q4 24
0.44×
Q3 24
0.57×
Q2 24
0.59×
Q1 24
0.79×

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
VSEC
VSEC
Operating Cash FlowLast quarter
$8.8M
$37.6M
Free Cash FlowOCF − Capex
$8.4M
$30.9M
FCF MarginFCF / Revenue
1.5%
10.3%
Capex IntensityCapex / Revenue
0.1%
2.2%
Cash ConversionOCF / Net Profit
2.77×
TTM Free Cash FlowTrailing 4 quarters
$71.7M
$5.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
REAX
REAX
VSEC
VSEC
Q4 25
$37.6M
Q3 25
$8.8M
$24.1M
Q2 25
$41.0M
$11.9M
Q1 25
$15.9M
$-46.6M
Q4 24
$55.4M
Q3 24
$7.2M
$10.2M
Q2 24
$-17.5M
Q1 24
$21.5M
$-79.1M
Free Cash Flow
REAX
REAX
VSEC
VSEC
Q4 25
$30.9M
Q3 25
$8.4M
$18.0M
Q2 25
$40.8M
$6.3M
Q1 25
$15.7M
$-49.5M
Q4 24
$52.1M
Q3 24
$6.8M
$4.4M
Q2 24
$-21.5M
Q1 24
$21.4M
$-86.8M
FCF Margin
REAX
REAX
VSEC
VSEC
Q4 25
10.3%
Q3 25
1.5%
6.4%
Q2 25
7.5%
2.3%
Q1 25
4.4%
-19.3%
Q4 24
17.4%
Q3 24
1.8%
1.6%
Q2 24
-8.1%
Q1 24
10.7%
-35.9%
Capex Intensity
REAX
REAX
VSEC
VSEC
Q4 25
2.2%
Q3 25
0.1%
2.1%
Q2 25
0.0%
2.1%
Q1 25
0.1%
1.1%
Q4 24
1.1%
Q3 24
0.1%
2.1%
Q2 24
1.5%
Q1 24
0.0%
3.2%
Cash Conversion
REAX
REAX
VSEC
VSEC
Q4 25
2.77×
Q3 25
6.16×
Q2 25
27.13×
3.72×
Q1 25
Q4 24
4.24×
Q3 24
0.87×
Q2 24
Q1 24

Financial Flow Comparison

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

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