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Side-by-side financial comparison of RCI HOSPITALITY HOLDINGS, INC. (RICK) 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 $70.9M, roughly 1.0× RCI HOSPITALITY HOLDINGS, INC.). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs -7.8%, a 9.8% gap on every dollar of revenue. On growth, RE/MAX Holdings, Inc. posted the faster year-over-year revenue change (-1.8% vs -3.1%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $11.5M). Over the past eight quarters, RCI HOSPITALITY HOLDINGS, INC.'s revenue compounded faster (-2.0% CAGR vs -4.7%).
RCI Hospitality Holdings, Inc., through its subsidiaries, operates strip clubs, nightclubs, sports bars/restaurants, and a media and convention company that serves the adult club industry. RCI went public with an IPO in 1995 is listed on The NASDAQ Global Market under the symbol RICK.
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.
RICK vs RMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $70.9M | $71.1M |
| Net Profit | $-5.5M | $1.4M |
| Gross Margin | — | — |
| Operating Margin | -0.7% | 13.1% |
| Net Margin | -7.8% | 2.0% |
| Revenue YoY | -3.1% | -1.8% |
| Net Profit YoY | -2354.9% | -75.2% |
| EPS (diluted) | $-0.60 | — |
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 | — | $71.1M | ||
| Q3 25 | $70.9M | $73.2M | ||
| Q2 25 | $71.1M | $72.8M | ||
| Q1 25 | $65.9M | $74.5M | ||
| Q4 24 | $71.5M | $72.5M | ||
| Q3 24 | $73.2M | $78.5M | ||
| Q2 24 | $76.2M | $78.5M | ||
| Q1 24 | $72.3M | $78.3M |
| Q4 25 | — | $1.4M | ||
| Q3 25 | $-5.5M | $4.0M | ||
| Q2 25 | $4.1M | $4.7M | ||
| Q1 25 | $3.2M | $-2.0M | ||
| Q4 24 | $9.0M | $5.8M | ||
| Q3 24 | $244.0K | $966.0K | ||
| Q2 24 | $-5.2M | $3.7M | ||
| Q1 24 | $774.0K | $-3.4M |
| Q4 25 | — | 13.1% | ||
| Q3 25 | -0.7% | 25.0% | ||
| Q2 25 | 12.2% | 19.3% | ||
| Q1 25 | 12.4% | 7.2% | ||
| Q4 24 | 19.5% | 5.9% | ||
| Q3 24 | 4.8% | 19.4% | ||
| Q2 24 | -3.3% | 20.6% | ||
| Q1 24 | 6.4% | 5.8% |
| Q4 25 | — | 2.0% | ||
| Q3 25 | -7.8% | 5.4% | ||
| Q2 25 | 5.7% | 6.4% | ||
| Q1 25 | 4.9% | -2.6% | ||
| Q4 24 | 12.6% | 8.0% | ||
| Q3 24 | 0.3% | 1.2% | ||
| Q2 24 | -6.9% | 4.7% | ||
| Q1 24 | 1.1% | -4.3% |
| Q4 25 | — | — | ||
| Q3 25 | $-0.60 | — | ||
| Q2 25 | $0.46 | — | ||
| Q1 25 | $0.36 | — | ||
| Q4 24 | $1.01 | — | ||
| Q3 24 | $0.04 | — | ||
| Q2 24 | $-0.56 | — | ||
| Q1 24 | $0.08 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $33.7M | $118.7M |
| Total DebtLower is stronger | $238.2M | $432.2M |
| Stockholders' EquityBook value | $261.1M | $452.4M |
| Total Assets | $596.9M | $582.5M |
| Debt / EquityLower = less leverage | 0.91× | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $118.7M | ||
| Q3 25 | $33.7M | $107.5M | ||
| Q2 25 | $29.3M | $94.3M | ||
| Q1 25 | $32.7M | $89.1M | ||
| Q4 24 | $34.7M | $96.6M | ||
| Q3 24 | $32.4M | $83.8M | ||
| Q2 24 | $34.9M | $66.1M | ||
| Q1 24 | $20.0M | $82.1M |
| Q4 25 | — | $432.2M | ||
| Q3 25 | $238.2M | $433.3M | ||
| Q2 25 | $243.8M | $434.4M | ||
| Q1 25 | $244.1M | $435.3M | ||
| Q4 24 | — | $436.2M | ||
| Q3 24 | $241.1M | $437.2M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | — | $439.0M |
| Q4 25 | — | $452.4M | ||
| Q3 25 | $261.1M | $448.1M | ||
| Q2 25 | $269.5M | $442.4M | ||
| Q1 25 | $268.8M | $433.5M | ||
| Q4 24 | $269.0M | $429.5M | ||
| Q3 24 | $263.4M | $423.1M | ||
| Q2 24 | $271.2M | $418.4M | ||
| Q1 24 | $285.8M | $412.0M |
| Q4 25 | — | $582.5M | ||
| Q3 25 | $596.9M | $582.2M | ||
| Q2 25 | $597.4M | $574.8M | ||
| Q1 25 | $589.8M | $571.4M | ||
| Q4 24 | $586.2M | $581.6M | ||
| Q3 24 | $584.4M | $578.6M | ||
| Q2 24 | $601.0M | $571.4M | ||
| Q1 24 | $609.9M | $566.7M |
| Q4 25 | — | 0.96× | ||
| Q3 25 | 0.91× | 0.97× | ||
| Q2 25 | 0.90× | 0.98× | ||
| Q1 25 | 0.91× | 1.00× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | 0.92× | 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 | $13.7M | $40.9M |
| Free Cash FlowOCF − Capex | $11.5M | $33.5M |
| FCF MarginFCF / Revenue | 16.2% | 47.1% |
| Capex IntensityCapex / Revenue | 3.2% | 10.4% |
| Cash ConversionOCF / Net Profit | — | 28.39× |
| TTM Free Cash FlowTrailing 4 quarters | $34.9M | $56.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $40.9M | ||
| Q3 25 | $13.7M | $17.7M | ||
| Q2 25 | $13.8M | $4.6M | ||
| Q1 25 | $8.5M | $5.7M | ||
| Q4 24 | $13.3M | $59.7M | ||
| Q3 24 | $15.7M | $17.6M | ||
| Q2 24 | $15.8M | $15.9M | ||
| Q1 24 | $10.8M | $9.4M |
| Q4 25 | — | $33.5M | ||
| Q3 25 | $11.5M | $16.4M | ||
| Q2 25 | $10.1M | $2.9M | ||
| Q1 25 | $5.7M | $4.0M | ||
| Q4 24 | $7.6M | $53.0M | ||
| Q3 24 | $10.3M | $16.3M | ||
| Q2 24 | $9.3M | $14.0M | ||
| Q1 24 | $3.2M | $6.8M |
| Q4 25 | — | 47.1% | ||
| Q3 25 | 16.2% | 22.4% | ||
| Q2 25 | 14.2% | 4.0% | ||
| Q1 25 | 8.6% | 5.3% | ||
| Q4 24 | 10.6% | 73.2% | ||
| Q3 24 | 14.0% | 20.8% | ||
| Q2 24 | 12.3% | 17.8% | ||
| Q1 24 | 4.4% | 8.6% |
| Q4 25 | — | 10.4% | ||
| Q3 25 | 3.2% | 1.8% | ||
| Q2 25 | 5.2% | 2.2% | ||
| Q1 25 | 4.3% | 2.3% | ||
| Q4 24 | 8.0% | 9.1% | ||
| Q3 24 | 7.3% | 1.7% | ||
| Q2 24 | 8.4% | 2.4% | ||
| Q1 24 | 10.6% | 3.3% |
| Q4 25 | — | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | 3.40× | 0.97× | ||
| Q1 25 | 2.65× | — | ||
| Q4 24 | 1.48× | 10.28× | ||
| Q3 24 | 64.14× | 18.22× | ||
| Q2 24 | — | 4.29× | ||
| Q1 24 | 14.00× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RICK
| Transferred At Point In Time | $60.8M | 86% |
| Food And Merchandise | $10.4M | 15% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
