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Side-by-side financial comparison of RE/MAX Holdings, Inc. (RMAX) and SONIDA SENIOR LIVING, INC. (SNDA). Click either name above to swap in a different company.

SONIDA SENIOR LIVING, INC. is the larger business by last-quarter revenue ($97.7M vs $71.1M, roughly 1.4× RE/MAX Holdings, Inc.). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs -30.5%, a 32.5% gap on every dollar of revenue. On growth, SONIDA SENIOR LIVING, INC. posted the faster year-over-year revenue change (6.2% vs -1.8%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $-9.3M). Over the past eight quarters, SONIDA SENIOR LIVING, INC.'s revenue compounded faster (20.3% CAGR vs -4.7%).

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.

Sonida Senior Living, Inc. is a leading owner, operator and investor in senior housing communities in the United States in terms of resident capacity. The company and its predecessors have provided senior housing since 1990. As of June 1, 2025, the company operated 96 senior housing communities in 20 states with an aggregate capacity of approximately 10,000+ residents, including 83 senior housing communities that the company owns and 13 communities that the company manages on behalf of third ...

RMAX vs SNDA — Head-to-Head

Bigger by revenue
SNDA
SNDA
1.4× larger
SNDA
$97.7M
$71.1M
RMAX
Growing faster (revenue YoY)
SNDA
SNDA
+8.1% gap
SNDA
6.2%
-1.8%
RMAX
Higher net margin
RMAX
RMAX
32.5% more per $
RMAX
2.0%
-30.5%
SNDA
More free cash flow
RMAX
RMAX
$42.8M more FCF
RMAX
$33.5M
$-9.3M
SNDA
Faster 2-yr revenue CAGR
SNDA
SNDA
Annualised
SNDA
20.3%
-4.7%
RMAX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
RMAX
RMAX
SNDA
SNDA
Revenue
$71.1M
$97.7M
Net Profit
$1.4M
$-29.8M
Gross Margin
Operating Margin
13.1%
-30.8%
Net Margin
2.0%
-30.5%
Revenue YoY
-1.8%
6.2%
Net Profit YoY
-75.2%
-441.0%
EPS (diluted)
$-1.73

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
RMAX
RMAX
SNDA
SNDA
Q4 25
$71.1M
$97.7M
Q3 25
$73.2M
$98.0M
Q2 25
$72.8M
$93.5M
Q1 25
$74.5M
$91.9M
Q4 24
$72.5M
$91.9M
Q3 24
$78.5M
$74.8M
Q2 24
$78.5M
$70.2M
Q1 24
$78.3M
$67.4M
Net Profit
RMAX
RMAX
SNDA
SNDA
Q4 25
$1.4M
$-29.8M
Q3 25
$4.0M
$-26.9M
Q2 25
$4.7M
$-1.6M
Q1 25
$-2.0M
$-12.5M
Q4 24
$5.8M
$-5.5M
Q3 24
$966.0K
$-13.8M
Q2 24
$3.7M
$-9.8M
Q1 24
$-3.4M
$27.0M
Operating Margin
RMAX
RMAX
SNDA
SNDA
Q4 25
13.1%
-30.8%
Q3 25
25.0%
-27.8%
Q2 25
19.3%
-2.0%
Q1 25
7.2%
21.9%
Q4 24
5.9%
-6.7%
Q3 24
19.4%
-19.0%
Q2 24
20.6%
-13.9%
Q1 24
5.8%
22.1%
Net Margin
RMAX
RMAX
SNDA
SNDA
Q4 25
2.0%
-30.5%
Q3 25
5.4%
-27.4%
Q2 25
6.4%
-1.7%
Q1 25
-2.6%
-13.6%
Q4 24
8.0%
-6.0%
Q3 24
1.2%
-18.4%
Q2 24
4.7%
-14.0%
Q1 24
-4.3%
40.1%
EPS (diluted)
RMAX
RMAX
SNDA
SNDA
Q4 25
$-1.73
Q3 25
$-1.56
Q2 25
$-0.16
Q1 25
$-0.77
Q4 24
$-0.86
Q3 24
$-0.98
Q2 24
$-0.86
Q1 24
$2.16

Balance Sheet & Financial Strength

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

Metric
RMAX
RMAX
SNDA
SNDA
Cash + ST InvestmentsLiquidity on hand
$118.7M
$11.0M
Total DebtLower is stronger
$432.2M
$689.7M
Stockholders' EquityBook value
$452.4M
$-11.0K
Total Assets
$582.5M
$844.8M
Debt / EquityLower = less leverage
0.96×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RMAX
RMAX
SNDA
SNDA
Q4 25
$118.7M
$11.0M
Q3 25
$107.5M
$17.0M
Q2 25
$94.3M
$14.1M
Q1 25
$89.1M
$14.0M
Q4 24
$96.6M
$17.0M
Q3 24
$83.8M
$24.9M
Q2 24
$66.1M
$9.5M
Q1 24
$82.1M
$24.2M
Total Debt
RMAX
RMAX
SNDA
SNDA
Q4 25
$432.2M
$689.7M
Q3 25
$433.3M
$684.4M
Q2 25
$434.4M
$677.9M
Q1 25
$435.3M
$650.9M
Q4 24
$436.2M
$651.4M
Q3 24
$437.2M
$604.1M
Q2 24
$438.1M
$583.8M
Q1 24
$439.0M
$578.1M
Stockholders' Equity
RMAX
RMAX
SNDA
SNDA
Q4 25
$452.4M
$-11.0K
Q3 25
$448.1M
$29.8M
Q2 25
$442.4M
$56.7M
Q1 25
$433.5M
$58.8M
Q4 24
$429.5M
$71.8M
Q3 24
$423.1M
$77.5M
Q2 24
$418.4M
$-34.1M
Q1 24
$412.0M
$-41.4M
Total Assets
RMAX
RMAX
SNDA
SNDA
Q4 25
$582.5M
$844.8M
Q3 25
$582.2M
$854.8M
Q2 25
$574.8M
$849.8M
Q1 25
$571.4M
$824.5M
Q4 24
$581.6M
$841.9M
Q3 24
$578.6M
$796.2M
Q2 24
$571.4M
$652.2M
Q1 24
$566.7M
$636.3M
Debt / Equity
RMAX
RMAX
SNDA
SNDA
Q4 25
0.96×
Q3 25
0.97×
22.99×
Q2 25
0.98×
11.96×
Q1 25
1.00×
11.08×
Q4 24
1.02×
9.07×
Q3 24
1.03×
7.79×
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
RMAX
RMAX
SNDA
SNDA
Operating Cash FlowLast quarter
$40.9M
$-400.0K
Free Cash FlowOCF − Capex
$33.5M
$-9.3M
FCF MarginFCF / Revenue
47.1%
-9.5%
Capex IntensityCapex / Revenue
10.4%
9.1%
Cash ConversionOCF / Net Profit
28.39×
TTM Free Cash FlowTrailing 4 quarters
$56.8M
$-8.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RMAX
RMAX
SNDA
SNDA
Q4 25
$40.9M
$-400.0K
Q3 25
$17.7M
$12.0M
Q2 25
$4.6M
$8.9M
Q1 25
$5.7M
$3.8M
Q4 24
$59.7M
$-3.1M
Q3 24
$17.6M
$3.0M
Q2 24
$15.9M
$2.5M
Q1 24
$9.4M
$-4.1M
Free Cash Flow
RMAX
RMAX
SNDA
SNDA
Q4 25
$33.5M
$-9.3M
Q3 25
$16.4M
$3.0M
Q2 25
$2.9M
$1.9M
Q1 25
$4.0M
$-4.5M
Q4 24
$53.0M
$-10.4M
Q3 24
$16.3M
$-5.1M
Q2 24
$14.0M
$-1.7M
Q1 24
$6.8M
$-9.9M
FCF Margin
RMAX
RMAX
SNDA
SNDA
Q4 25
47.1%
-9.5%
Q3 25
22.4%
3.0%
Q2 25
4.0%
2.1%
Q1 25
5.3%
-4.9%
Q4 24
73.2%
-11.3%
Q3 24
20.8%
-6.8%
Q2 24
17.8%
-2.4%
Q1 24
8.6%
-14.6%
Capex Intensity
RMAX
RMAX
SNDA
SNDA
Q4 25
10.4%
9.1%
Q3 25
1.8%
9.2%
Q2 25
2.2%
7.5%
Q1 25
2.3%
9.1%
Q4 24
9.1%
7.9%
Q3 24
1.7%
10.8%
Q2 24
2.4%
5.9%
Q1 24
3.3%
8.5%
Cash Conversion
RMAX
RMAX
SNDA
SNDA
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
-0.15×

Financial Flow Comparison

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

Revenue Breakdown by Segment

RMAX
RMAX

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

SNDA
SNDA

Health Care Resident Service$86.3M88%
Community Reimbursement Revenue$10.3M11%
Management Service$1.1M1%

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