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Side-by-side financial comparison of RE/MAX Holdings, Inc. (RMAX) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
Latham Group, Inc. is the larger business by last-quarter revenue ($117.3M vs $71.1M, roughly 1.6× RE/MAX Holdings, Inc.). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs -7.3%, a 9.3% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (5.3% vs -1.8%). Over the past eight quarters, RE/MAX Holdings, Inc.'s revenue compounded faster (-4.7% CAGR vs -14.4%).
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.
Latham & Watkins LLP is an American multinational law firm. Founded in 1934 in Los Angeles, California, it is known for its litigation, corporate, and regulatory law practices.
RMAX vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $71.1M | $117.3M |
| Net Profit | $1.4M | $-8.5M |
| Gross Margin | — | 31.7% |
| Operating Margin | 13.1% | — |
| Net Margin | 2.0% | -7.3% |
| Revenue YoY | -1.8% | 5.3% |
| Net Profit YoY | -75.2% | -43.1% |
| EPS (diluted) | — | $-0.07 |
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.
| Q1 26 | — | $117.3M | ||
| Q4 25 | $71.1M | $100.0M | ||
| Q3 25 | $73.2M | $161.9M | ||
| Q2 25 | $72.8M | $172.6M | ||
| Q1 25 | $74.5M | $111.4M | ||
| Q4 24 | $72.5M | $87.3M | ||
| Q3 24 | $78.5M | $150.5M | ||
| Q2 24 | $78.5M | $160.1M |
| Q1 26 | — | $-8.5M | ||
| Q4 25 | $1.4M | $-7.0M | ||
| Q3 25 | $4.0M | $8.1M | ||
| Q2 25 | $4.7M | $16.0M | ||
| Q1 25 | $-2.0M | $-6.0M | ||
| Q4 24 | $5.8M | $-29.2M | ||
| Q3 24 | $966.0K | $5.9M | ||
| Q2 24 | $3.7M | $13.3M |
| Q1 26 | — | 31.7% | ||
| Q4 25 | — | 28.0% | ||
| Q3 25 | — | 35.4% | ||
| Q2 25 | — | 37.1% | ||
| Q1 25 | — | 29.5% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 32.4% | ||
| Q2 24 | — | 33.1% |
| Q1 26 | — | — | ||
| Q4 25 | 13.1% | -10.7% | ||
| Q3 25 | 25.0% | 13.3% | ||
| Q2 25 | 19.3% | 14.3% | ||
| Q1 25 | 7.2% | -4.4% | ||
| Q4 24 | 5.9% | -14.9% | ||
| Q3 24 | 19.4% | 8.9% | ||
| Q2 24 | 20.6% | 12.5% |
| Q1 26 | — | -7.3% | ||
| Q4 25 | 2.0% | -7.0% | ||
| Q3 25 | 5.4% | 5.0% | ||
| Q2 25 | 6.4% | 9.3% | ||
| Q1 25 | -2.6% | -5.4% | ||
| Q4 24 | 8.0% | -33.4% | ||
| Q3 24 | 1.2% | 3.9% | ||
| Q2 24 | 4.7% | 8.3% |
| Q1 26 | — | $-0.07 | ||
| Q4 25 | — | $-0.06 | ||
| Q3 25 | — | $0.07 | ||
| Q2 25 | — | $0.13 | ||
| Q1 25 | — | $-0.05 | ||
| Q4 24 | — | $-0.24 | ||
| Q3 24 | — | $0.05 | ||
| Q2 24 | — | $0.11 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $118.7M | — |
| Total DebtLower is stronger | $432.2M | $3.3M |
| Stockholders' EquityBook value | $452.4M | $396.7M |
| Total Assets | $582.5M | $856.4M |
| Debt / EquityLower = less leverage | 0.96× | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $118.7M | — | ||
| Q3 25 | $107.5M | — | ||
| Q2 25 | $94.3M | — | ||
| Q1 25 | $89.1M | — | ||
| Q4 24 | $96.6M | — | ||
| Q3 24 | $83.8M | — | ||
| Q2 24 | $66.1M | — |
| Q1 26 | — | $3.3M | ||
| Q4 25 | $432.2M | $279.8M | ||
| Q3 25 | $433.3M | $281.1M | ||
| Q2 25 | $434.4M | $281.5M | ||
| Q1 25 | $435.3M | $306.9M | ||
| Q4 24 | $436.2M | $281.5M | ||
| Q3 24 | $437.2M | $282.8M | ||
| Q2 24 | $438.1M | $282.4M |
| Q1 26 | — | $396.7M | ||
| Q4 25 | $452.4M | $405.9M | ||
| Q3 25 | $448.1M | $408.4M | ||
| Q2 25 | $442.4M | $398.4M | ||
| Q1 25 | $433.5M | $381.1M | ||
| Q4 24 | $429.5M | $387.2M | ||
| Q3 24 | $423.1M | $416.6M | ||
| Q2 24 | $418.4M | $408.1M |
| Q1 26 | — | $856.4M | ||
| Q4 25 | $582.5M | $823.2M | ||
| Q3 25 | $582.2M | $844.4M | ||
| Q2 25 | $574.8M | $822.1M | ||
| Q1 25 | $571.4M | $824.6M | ||
| Q4 24 | $581.6M | $794.2M | ||
| Q3 24 | $578.6M | $853.4M | ||
| Q2 24 | $571.4M | $830.0M |
| Q1 26 | — | 0.01× | ||
| Q4 25 | 0.96× | 0.69× | ||
| Q3 25 | 0.97× | 0.69× | ||
| Q2 25 | 0.98× | 0.71× | ||
| Q1 25 | 1.00× | 0.81× | ||
| Q4 24 | 1.02× | 0.73× | ||
| Q3 24 | 1.03× | 0.68× | ||
| Q2 24 | 1.05× | 0.69× |
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 | $40.9M | $-47.7M |
| 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.
| Q1 26 | — | $-47.7M | ||
| Q4 25 | $40.9M | $23.3M | ||
| Q3 25 | $17.7M | $51.0M | ||
| Q2 25 | $4.6M | $36.0M | ||
| Q1 25 | $5.7M | $-46.9M | ||
| Q4 24 | $59.7M | $6.2M | ||
| Q3 24 | $17.6M | $37.2M | ||
| Q2 24 | $15.9M | $52.4M |
| Q1 26 | — | — | ||
| Q4 25 | $33.5M | $14.1M | ||
| Q3 25 | $16.4M | $45.2M | ||
| Q2 25 | $2.9M | $29.1M | ||
| Q1 25 | $4.0M | $-50.3M | ||
| Q4 24 | $53.0M | $-98.0K | ||
| Q3 24 | $16.3M | $33.2M | ||
| Q2 24 | $14.0M | $47.9M |
| Q1 26 | — | — | ||
| Q4 25 | 47.1% | 14.1% | ||
| Q3 25 | 22.4% | 27.9% | ||
| Q2 25 | 4.0% | 16.8% | ||
| Q1 25 | 5.3% | -45.2% | ||
| Q4 24 | 73.2% | -0.1% | ||
| Q3 24 | 20.8% | 22.1% | ||
| Q2 24 | 17.8% | 29.9% |
| Q1 26 | — | — | ||
| Q4 25 | 10.4% | 9.2% | ||
| Q3 25 | 1.8% | 3.6% | ||
| Q2 25 | 2.2% | 4.0% | ||
| Q1 25 | 2.3% | 3.1% | ||
| Q4 24 | 9.1% | 7.2% | ||
| Q3 24 | 1.7% | 2.7% | ||
| Q2 24 | 2.4% | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | 28.39× | — | ||
| Q3 25 | 4.45× | 6.29× | ||
| Q2 25 | 0.97× | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | 10.28× | — | ||
| Q3 24 | 18.22× | 6.32× | ||
| Q2 24 | 4.29× | 3.95× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
SWIM
Segment breakdown not available.
