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Side-by-side financial comparison of RE/MAX Holdings, Inc. (RMAX) and TACTILE SYSTEMS TECHNOLOGY INC (TCMD). Click either name above to swap in a different company.
TACTILE SYSTEMS TECHNOLOGY INC is the larger business by last-quarter revenue ($103.6M vs $71.1M, roughly 1.5× RE/MAX Holdings, Inc.). TACTILE SYSTEMS TECHNOLOGY INC runs the higher net margin — 10.3% vs 2.0%, a 8.2% gap on every dollar of revenue. On growth, TACTILE SYSTEMS TECHNOLOGY INC posted the faster year-over-year revenue change (21.0% vs -1.8%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $16.8M). Over the past eight quarters, TACTILE SYSTEMS TECHNOLOGY INC's revenue compounded faster (30.2% 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.
Dominion Voting Systems Corporation was a North American company that produced and sold electronic voting hardware and software, including voting machines and tabulators, in Canada and the United States.
RMAX vs TCMD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $71.1M | $103.6M |
| Net Profit | $1.4M | $10.6M |
| Gross Margin | — | 78.2% |
| Operating Margin | 13.1% | 18.1% |
| Net Margin | 2.0% | 10.3% |
| Revenue YoY | -1.8% | 21.0% |
| Net Profit YoY | -75.2% | 9.4% |
| EPS (diluted) | — | $0.45 |
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 | $103.6M | ||
| Q3 25 | $73.2M | $85.8M | ||
| Q2 25 | $72.8M | $78.9M | ||
| Q1 25 | $74.5M | $61.3M | ||
| Q4 24 | $72.5M | $85.6M | ||
| Q3 24 | $78.5M | $73.1M | ||
| Q2 24 | $78.5M | $73.2M | ||
| Q1 24 | $78.3M | $61.1M |
| Q4 25 | $1.4M | $10.6M | ||
| Q3 25 | $4.0M | $8.2M | ||
| Q2 25 | $4.7M | $3.2M | ||
| Q1 25 | $-2.0M | $-3.0M | ||
| Q4 24 | $5.8M | $9.7M | ||
| Q3 24 | $966.0K | $5.2M | ||
| Q2 24 | $3.7M | $4.3M | ||
| Q1 24 | $-3.4M | $-2.2M |
| Q4 25 | — | 78.2% | ||
| Q3 25 | — | 75.8% | ||
| Q2 25 | — | 74.5% | ||
| Q1 25 | — | 74.0% | ||
| Q4 24 | — | 75.2% | ||
| Q3 24 | — | 75.0% | ||
| Q2 24 | — | 73.9% | ||
| Q1 24 | — | 71.1% |
| Q4 25 | 13.1% | 18.1% | ||
| Q3 25 | 25.0% | 12.8% | ||
| Q2 25 | 19.3% | 5.2% | ||
| Q1 25 | 7.2% | -7.4% | ||
| Q4 24 | 5.9% | 14.6% | ||
| Q3 24 | 19.4% | 9.3% | ||
| Q2 24 | 20.6% | 8.0% | ||
| Q1 24 | 5.8% | -4.9% |
| Q4 25 | 2.0% | 10.3% | ||
| Q3 25 | 5.4% | 9.6% | ||
| Q2 25 | 6.4% | 4.1% | ||
| Q1 25 | -2.6% | -4.9% | ||
| Q4 24 | 8.0% | 11.4% | ||
| Q3 24 | 1.2% | 7.1% | ||
| Q2 24 | 4.7% | 5.9% | ||
| Q1 24 | -4.3% | -3.6% |
| Q4 25 | — | $0.45 | ||
| Q3 25 | — | $0.36 | ||
| Q2 25 | — | $0.14 | ||
| Q1 25 | — | $-0.13 | ||
| Q4 24 | — | $0.40 | ||
| Q3 24 | — | $0.21 | ||
| Q2 24 | — | $0.18 | ||
| Q1 24 | — | $-0.09 |
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 | $83.4M |
| Total DebtLower is stronger | $432.2M | $0 |
| Stockholders' EquityBook value | $452.4M | $218.9M |
| Total Assets | $582.5M | $273.9M |
| Debt / EquityLower = less leverage | 0.96× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $118.7M | $83.4M | ||
| Q3 25 | $107.5M | $66.0M | ||
| Q2 25 | $94.3M | $81.5M | ||
| Q1 25 | $89.1M | $83.6M | ||
| Q4 24 | $96.6M | $94.4M | ||
| Q3 24 | $83.8M | $82.1M | ||
| Q2 24 | $66.1M | $73.6M | ||
| Q1 24 | $82.1M | $60.7M |
| Q4 25 | $432.2M | $0 | ||
| Q3 25 | $433.3M | $0 | ||
| Q2 25 | $434.4M | — | ||
| Q1 25 | $435.3M | — | ||
| Q4 24 | $436.2M | — | ||
| Q3 24 | $437.2M | $27.0M | ||
| Q2 24 | $438.1M | $27.8M | ||
| Q1 24 | $439.0M | $28.5M |
| Q4 25 | $452.4M | $218.9M | ||
| Q3 25 | $448.1M | $204.9M | ||
| Q2 25 | $442.4M | $194.9M | ||
| Q1 25 | $433.5M | $205.6M | ||
| Q4 24 | $429.5M | $216.6M | ||
| Q3 24 | $423.1M | $207.9M | ||
| Q2 24 | $418.4M | $200.7M | ||
| Q1 24 | $412.0M | $193.5M |
| Q4 25 | $582.5M | $273.9M | ||
| Q3 25 | $582.2M | $259.2M | ||
| Q2 25 | $574.8M | $273.0M | ||
| Q1 25 | $571.4M | $280.2M | ||
| Q4 24 | $581.6M | $297.9M | ||
| Q3 24 | $578.6M | $287.7M | ||
| Q2 24 | $571.4M | $278.8M | ||
| Q1 24 | $566.7M | $272.0M |
| Q4 25 | 0.96× | 0.00× | ||
| Q3 25 | 0.97× | 0.00× | ||
| Q2 25 | 0.98× | — | ||
| Q1 25 | 1.00× | — | ||
| Q4 24 | 1.02× | — | ||
| Q3 24 | 1.03× | 0.13× | ||
| Q2 24 | 1.05× | 0.14× | ||
| Q1 24 | 1.07× | 0.15× |
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 | $17.3M |
| Free Cash FlowOCF − Capex | $33.5M | $16.8M |
| FCF MarginFCF / Revenue | 47.1% | 16.2% |
| Capex IntensityCapex / Revenue | 10.4% | 0.5% |
| Cash ConversionOCF / Net Profit | 28.39× | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | $56.8M | $40.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.9M | $17.3M | ||
| Q3 25 | $17.7M | $10.3M | ||
| Q2 25 | $4.6M | $14.8M | ||
| Q1 25 | $5.7M | $417.0K | ||
| Q4 24 | $59.7M | $16.3M | ||
| Q3 24 | $17.6M | $10.3M | ||
| Q2 24 | $15.9M | $13.1M | ||
| Q1 24 | $9.4M | $924.0K |
| Q4 25 | $33.5M | $16.8M | ||
| Q3 25 | $16.4M | $9.2M | ||
| Q2 25 | $2.9M | $14.4M | ||
| Q1 25 | $4.0M | $38.0K | ||
| Q4 24 | $53.0M | $15.9M | ||
| Q3 24 | $16.3M | $9.3M | ||
| Q2 24 | $14.0M | $12.6M | ||
| Q1 24 | $6.8M | $442.0K |
| Q4 25 | 47.1% | 16.2% | ||
| Q3 25 | 22.4% | 10.8% | ||
| Q2 25 | 4.0% | 18.2% | ||
| Q1 25 | 5.3% | 0.1% | ||
| Q4 24 | 73.2% | 18.5% | ||
| Q3 24 | 20.8% | 12.7% | ||
| Q2 24 | 17.8% | 17.3% | ||
| Q1 24 | 8.6% | 0.7% |
| Q4 25 | 10.4% | 0.5% | ||
| Q3 25 | 1.8% | 1.3% | ||
| Q2 25 | 2.2% | 0.5% | ||
| Q1 25 | 2.3% | 0.6% | ||
| Q4 24 | 9.1% | 0.5% | ||
| Q3 24 | 1.7% | 1.3% | ||
| Q2 24 | 2.4% | 0.7% | ||
| Q1 24 | 3.3% | 0.8% |
| Q4 25 | 28.39× | 1.63× | ||
| Q3 25 | 4.45× | 1.26× | ||
| Q2 25 | 0.97× | 4.59× | ||
| Q1 25 | — | — | ||
| Q4 24 | 10.28× | 1.68× | ||
| Q3 24 | 18.22× | 1.99× | ||
| Q2 24 | 4.29× | 3.06× | ||
| Q1 24 | — | — |
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% |
TCMD
| Private Insurers | $57.6M | 56% |
| Medicare | $24.6M | 24% |
| Durable Medical Equipment Distributors | $14.1M | 14% |
| Veterans Administration | $7.3M | 7% |
