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

SunPower Inc. is the larger business by last-quarter revenue ($79.7M vs $71.1M, roughly 1.1× RE/MAX Holdings, Inc.). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs -17.8%, a 19.8% gap on every dollar of revenue. On growth, RE/MAX Holdings, Inc. posted the faster year-over-year revenue change (-1.8% vs -10.1%). Over the past eight quarters, SunPower Inc.'s revenue compounded faster (118.7% 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.

SunPower Corporation is an American provider of photovoltaic solar energy generation systems and battery energy storage products, primarily for residential customers. The company, headquartered in San Jose, California, was founded in 1985 by Richard Swanson, an electrical engineering professor from Stanford University. Cypress Semiconductor bought a majority interest in the company in 2002, growing it quickly until SunPower went public in 2005. TotalEnergies, a French energy and oil company p...

RMAX vs SPWR — Head-to-Head

Bigger by revenue
SPWR
SPWR
1.1× larger
SPWR
$79.7M
$71.1M
RMAX
Growing faster (revenue YoY)
RMAX
RMAX
+8.2% gap
RMAX
-1.8%
-10.1%
SPWR
Higher net margin
RMAX
RMAX
19.8% more per $
RMAX
2.0%
-17.8%
SPWR
Faster 2-yr revenue CAGR
SPWR
SPWR
Annualised
SPWR
118.7%
-4.7%
RMAX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
RMAX
RMAX
SPWR
SPWR
Revenue
$71.1M
$79.7M
Net Profit
$1.4M
$-14.2M
Gross Margin
35.5%
Operating Margin
13.1%
-27.4%
Net Margin
2.0%
-17.8%
Revenue YoY
-1.8%
-10.1%
Net Profit YoY
-75.2%
-130.1%
EPS (diluted)
$-0.05

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
SPWR
SPWR
Q4 25
$71.1M
$79.7M
Q3 25
$73.2M
$22.0M
Q2 25
$72.8M
$67.5M
Q1 25
$74.5M
$82.7M
Q4 24
$72.5M
$88.7M
Q3 24
$78.5M
Q2 24
$78.5M
Q1 24
$78.3M
Net Profit
RMAX
RMAX
SPWR
SPWR
Q4 25
$1.4M
$-14.2M
Q3 25
$4.0M
$-16.9M
Q2 25
$4.7M
$-22.4M
Q1 25
$-2.0M
$8.1M
Q4 24
$5.8M
$47.0M
Q3 24
$966.0K
Q2 24
$3.7M
Q1 24
$-3.4M
Gross Margin
RMAX
RMAX
SPWR
SPWR
Q4 25
35.5%
Q3 25
Q2 25
42.6%
Q1 25
48.5%
Q4 24
46.5%
Q3 24
Q2 24
Q1 24
Operating Margin
RMAX
RMAX
SPWR
SPWR
Q4 25
13.1%
-27.4%
Q3 25
25.0%
-15.7%
Q2 25
19.3%
-4.0%
Q1 25
7.2%
1.3%
Q4 24
5.9%
-24.2%
Q3 24
19.4%
Q2 24
20.6%
Q1 24
5.8%
Net Margin
RMAX
RMAX
SPWR
SPWR
Q4 25
2.0%
-17.8%
Q3 25
5.4%
-76.9%
Q2 25
6.4%
-33.2%
Q1 25
-2.6%
9.8%
Q4 24
8.0%
53.0%
Q3 24
1.2%
Q2 24
4.7%
Q1 24
-4.3%
EPS (diluted)
RMAX
RMAX
SPWR
SPWR
Q4 25
$-0.05
Q3 25
$-0.19
Q2 25
$-0.28
Q1 25
$0.00
Q4 24
$0.27
Q3 24
Q2 24
Q1 24

Balance Sheet & Financial Strength

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

Metric
RMAX
RMAX
SPWR
SPWR
Cash + ST InvestmentsLiquidity on hand
$118.7M
$9.6M
Total DebtLower is stronger
$432.2M
$164.8M
Stockholders' EquityBook value
$452.4M
$-90.1M
Total Assets
$582.5M
$241.2M
Debt / EquityLower = less leverage
0.96×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RMAX
RMAX
SPWR
SPWR
Q4 25
$118.7M
$9.6M
Q3 25
$107.5M
$5.1M
Q2 25
$94.3M
$11.1M
Q1 25
$89.1M
$10.6M
Q4 24
$96.6M
$13.4M
Q3 24
$83.8M
Q2 24
$66.1M
Q1 24
$82.1M
Total Debt
RMAX
RMAX
SPWR
SPWR
Q4 25
$432.2M
$164.8M
Q3 25
$433.3M
$204.3M
Q2 25
$434.4M
$152.9M
Q1 25
$435.3M
Q4 24
$436.2M
$147.3M
Q3 24
$437.2M
Q2 24
$438.1M
Q1 24
$439.0M
Stockholders' Equity
RMAX
RMAX
SPWR
SPWR
Q4 25
$452.4M
$-90.1M
Q3 25
$448.1M
$-112.3M
Q2 25
$442.4M
$-107.2M
Q1 25
$433.5M
$-89.0M
Q4 24
$429.5M
$-97.5M
Q3 24
$423.1M
Q2 24
$418.4M
Q1 24
$412.0M
Total Assets
RMAX
RMAX
SPWR
SPWR
Q4 25
$582.5M
$241.2M
Q3 25
$582.2M
$208.3M
Q2 25
$574.8M
$163.1M
Q1 25
$571.4M
$147.8M
Q4 24
$581.6M
$144.5M
Q3 24
$578.6M
Q2 24
$571.4M
Q1 24
$566.7M
Debt / Equity
RMAX
RMAX
SPWR
SPWR
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
RMAX
RMAX
SPWR
SPWR
Operating Cash FlowLast quarter
$40.9M
$-1.9M
Free Cash FlowOCF − Capex
$33.5M
FCF MarginFCF / Revenue
47.1%
Capex IntensityCapex / Revenue
10.4%
Cash ConversionOCF / Net Profit
28.39×
TTM Free Cash FlowTrailing 4 quarters
$56.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RMAX
RMAX
SPWR
SPWR
Q4 25
$40.9M
$-1.9M
Q3 25
$17.7M
$-6.4M
Q2 25
$4.6M
$-4.4M
Q1 25
$5.7M
$-2.6M
Q4 24
$59.7M
$-25.6M
Q3 24
$17.6M
Q2 24
$15.9M
Q1 24
$9.4M
Free Cash Flow
RMAX
RMAX
SPWR
SPWR
Q4 25
$33.5M
Q3 25
$16.4M
Q2 25
$2.9M
Q1 25
$4.0M
Q4 24
$53.0M
Q3 24
$16.3M
Q2 24
$14.0M
Q1 24
$6.8M
FCF Margin
RMAX
RMAX
SPWR
SPWR
Q4 25
47.1%
Q3 25
22.4%
Q2 25
4.0%
Q1 25
5.3%
Q4 24
73.2%
Q3 24
20.8%
Q2 24
17.8%
Q1 24
8.6%
Capex Intensity
RMAX
RMAX
SPWR
SPWR
Q4 25
10.4%
Q3 25
1.8%
Q2 25
2.2%
Q1 25
2.3%
Q4 24
9.1%
Q3 24
1.7%
Q2 24
2.4%
Q1 24
3.3%
Cash Conversion
RMAX
RMAX
SPWR
SPWR
Q4 25
28.39×
Q3 25
4.45×
Q2 25
0.97×
Q1 25
-0.32×
Q4 24
10.28×
-0.54×
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

RMAX
RMAX

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

SPWR
SPWR

Residential Solar Installation$46.9M59%
New Homes Business$22.7M29%
Other$10.1M13%

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