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Side-by-side financial comparison of RE/MAX Holdings, Inc. (RMAX) and WESTAMERICA BANCORPORATION (WABC). 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 $63.3M, roughly 1.1× WESTAMERICA BANCORPORATION). WESTAMERICA BANCORPORATION runs the higher net margin — 43.9% vs 2.0%, a 41.9% gap on every dollar of revenue. On growth, RE/MAX Holdings, Inc. posted the faster year-over-year revenue change (-1.8% vs -9.0%). WESTAMERICA BANCORPORATION produced more free cash flow last quarter ($119.7M vs $33.5M). Over the past eight quarters, RE/MAX Holdings, Inc.'s revenue compounded faster (-4.7% CAGR vs -8.6%).

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.

Westamerica Bancorporation is a regional bank holding company headquartered in California, U.S. It operates via its wholly owned banking subsidiary to provide full-spectrum retail and commercial banking services, including deposit products, business and consumer loans, wealth management, and payment services, primarily serving individual consumers, SMEs and local institutional clients in northern and central California.

RMAX vs WABC — Head-to-Head

Bigger by revenue
RMAX
RMAX
1.1× larger
RMAX
$71.1M
$63.3M
WABC
Growing faster (revenue YoY)
RMAX
RMAX
+7.2% gap
RMAX
-1.8%
-9.0%
WABC
Higher net margin
WABC
WABC
41.9% more per $
WABC
43.9%
2.0%
RMAX
More free cash flow
WABC
WABC
$86.1M more FCF
WABC
$119.7M
$33.5M
RMAX
Faster 2-yr revenue CAGR
RMAX
RMAX
Annualised
RMAX
-4.7%
-8.6%
WABC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
RMAX
RMAX
WABC
WABC
Revenue
$71.1M
$63.3M
Net Profit
$1.4M
$27.8M
Gross Margin
Operating Margin
13.1%
59.8%
Net Margin
2.0%
43.9%
Revenue YoY
-1.8%
-9.0%
Net Profit YoY
-75.2%
-12.3%
EPS (diluted)
$1.12

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
WABC
WABC
Q4 25
$71.1M
$63.3M
Q3 25
$73.2M
$63.7M
Q2 25
$72.8M
$64.6M
Q1 25
$74.5M
$66.4M
Q4 24
$72.5M
$69.6M
Q3 24
$78.5M
$74.1M
Q2 24
$78.5M
$74.3M
Q1 24
$78.3M
$75.8M
Net Profit
RMAX
RMAX
WABC
WABC
Q4 25
$1.4M
$27.8M
Q3 25
$4.0M
$28.3M
Q2 25
$4.7M
$29.1M
Q1 25
$-2.0M
$31.0M
Q4 24
$5.8M
$31.7M
Q3 24
$966.0K
$35.1M
Q2 24
$3.7M
$35.5M
Q1 24
$-3.4M
$36.4M
Operating Margin
RMAX
RMAX
WABC
WABC
Q4 25
13.1%
59.8%
Q3 25
25.0%
59.5%
Q2 25
19.3%
60.5%
Q1 25
7.2%
63.0%
Q4 24
5.9%
62.8%
Q3 24
19.4%
64.5%
Q2 24
20.6%
64.8%
Q1 24
5.8%
65.2%
Net Margin
RMAX
RMAX
WABC
WABC
Q4 25
2.0%
43.9%
Q3 25
5.4%
44.3%
Q2 25
6.4%
45.0%
Q1 25
-2.6%
46.7%
Q4 24
8.0%
45.6%
Q3 24
1.2%
47.3%
Q2 24
4.7%
47.8%
Q1 24
-4.3%
48.0%
EPS (diluted)
RMAX
RMAX
WABC
WABC
Q4 25
$1.12
Q3 25
$1.12
Q2 25
$1.12
Q1 25
$1.16
Q4 24
$1.19
Q3 24
$1.31
Q2 24
$1.33
Q1 24
$1.37

Balance Sheet & Financial Strength

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

Metric
RMAX
RMAX
WABC
WABC
Cash + ST InvestmentsLiquidity on hand
$118.7M
Total DebtLower is stronger
$432.2M
Stockholders' EquityBook value
$452.4M
$933.5M
Total Assets
$582.5M
$6.0B
Debt / EquityLower = less leverage
0.96×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RMAX
RMAX
WABC
WABC
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 24
$82.1M
Total Debt
RMAX
RMAX
WABC
WABC
Q4 25
$432.2M
Q3 25
$433.3M
Q2 25
$434.4M
Q1 25
$435.3M
Q4 24
$436.2M
Q3 24
$437.2M
Q2 24
$438.1M
Q1 24
$439.0M
Stockholders' Equity
RMAX
RMAX
WABC
WABC
Q4 25
$452.4M
$933.5M
Q3 25
$448.1M
$931.6M
Q2 25
$442.4M
$921.8M
Q1 25
$433.5M
$923.1M
Q4 24
$429.5M
$890.0M
Q3 24
$423.1M
$909.0M
Q2 24
$418.4M
$815.6M
Q1 24
$412.0M
$791.7M
Total Assets
RMAX
RMAX
WABC
WABC
Q4 25
$582.5M
$6.0B
Q3 25
$582.2M
$5.9B
Q2 25
$574.8M
$5.8B
Q1 25
$571.4M
$6.0B
Q4 24
$581.6M
$6.1B
Q3 24
$578.6M
$6.2B
Q2 24
$571.4M
$6.3B
Q1 24
$566.7M
$6.5B
Debt / Equity
RMAX
RMAX
WABC
WABC
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
WABC
WABC
Operating Cash FlowLast quarter
$40.9M
$121.9M
Free Cash FlowOCF − Capex
$33.5M
$119.7M
FCF MarginFCF / Revenue
47.1%
189.0%
Capex IntensityCapex / Revenue
10.4%
3.5%
Cash ConversionOCF / Net Profit
28.39×
4.38×
TTM Free Cash FlowTrailing 4 quarters
$56.8M
$213.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RMAX
RMAX
WABC
WABC
Q4 25
$40.9M
$121.9M
Q3 25
$17.7M
$29.4M
Q2 25
$4.6M
$23.5M
Q1 25
$5.7M
$42.4M
Q4 24
$59.7M
$141.6M
Q3 24
$17.6M
$40.6M
Q2 24
$15.9M
$19.0M
Q1 24
$9.4M
$52.2M
Free Cash Flow
RMAX
RMAX
WABC
WABC
Q4 25
$33.5M
$119.7M
Q3 25
$16.4M
$28.7M
Q2 25
$2.9M
$22.8M
Q1 25
$4.0M
$42.2M
Q4 24
$53.0M
$139.8M
Q3 24
$16.3M
$40.1M
Q2 24
$14.0M
$18.6M
Q1 24
$6.8M
$52.1M
FCF Margin
RMAX
RMAX
WABC
WABC
Q4 25
47.1%
189.0%
Q3 25
22.4%
45.1%
Q2 25
4.0%
35.3%
Q1 25
5.3%
63.5%
Q4 24
73.2%
201.0%
Q3 24
20.8%
54.1%
Q2 24
17.8%
25.0%
Q1 24
8.6%
68.7%
Capex Intensity
RMAX
RMAX
WABC
WABC
Q4 25
10.4%
3.5%
Q3 25
1.8%
1.1%
Q2 25
2.2%
1.1%
Q1 25
2.3%
0.3%
Q4 24
9.1%
2.5%
Q3 24
1.7%
0.7%
Q2 24
2.4%
0.6%
Q1 24
3.3%
0.2%
Cash Conversion
RMAX
RMAX
WABC
WABC
Q4 25
28.39×
4.38×
Q3 25
4.45×
1.04×
Q2 25
0.97×
0.81×
Q1 25
1.37×
Q4 24
10.28×
4.47×
Q3 24
18.22×
1.16×
Q2 24
4.29×
0.54×
Q1 24
1.43×

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%

WABC
WABC

Segment breakdown not available.

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