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Side-by-side financial comparison of CTO Realty Growth, Inc. (CTO) and RE/MAX Holdings, Inc. (RMAX), based on the latest 10-Q / 10-K filings. 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 $38.3M, roughly 1.9× CTO Realty Growth, Inc.). CTO Realty Growth, Inc. runs the higher net margin — 73.9% vs 2.0%, a 71.9% gap on every dollar of revenue. On growth, CTO Realty Growth, Inc. posted the faster year-over-year revenue change (7.3% vs -1.8%). Over the past eight quarters, CTO Realty Growth, Inc.'s revenue compounded faster (16.8% CAGR vs -4.7%).
Keller Williams Realty is an American technology and international real estate franchise with headquarters in Austin, Texas. It is the largest real estate franchise in the United States by sales volume as of 2022.
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.
CTO vs RMAX — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $38.3M | $71.1M |
| Net Profit | $28.3M | $1.4M |
| Gross Margin | 75.0% | — |
| Operating Margin | 75.1% | 13.1% |
| Net Margin | 73.9% | 2.0% |
| Revenue YoY | 7.3% | -1.8% |
| Net Profit YoY | 286.2% | -75.2% |
| EPS (diluted) | $0.81 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $38.3M | $71.1M | ||
| Q3 25 | $37.8M | $73.2M | ||
| Q2 25 | $37.6M | $72.8M | ||
| Q1 25 | $35.8M | $74.5M | ||
| Q4 24 | $35.7M | $72.5M | ||
| Q3 24 | $31.8M | $78.5M | ||
| Q2 24 | $28.8M | $78.5M | ||
| Q1 24 | $28.1M | $78.3M |
| Q4 25 | $28.3M | $1.4M | ||
| Q3 25 | $2.9M | $4.0M | ||
| Q2 25 | $-23.4M | $4.7M | ||
| Q1 25 | $2.3M | $-2.0M | ||
| Q4 24 | $-15.2M | $5.8M | ||
| Q3 24 | $6.2M | $966.0K | ||
| Q2 24 | $1.2M | $3.7M | ||
| Q1 24 | $5.8M | $-3.4M |
| Q4 25 | 75.0% | — | ||
| Q3 25 | 75.4% | — | ||
| Q2 25 | 73.0% | — | ||
| Q1 25 | 75.2% | — | ||
| Q4 24 | 74.4% | — | ||
| Q3 24 | 74.4% | — | ||
| Q2 24 | 71.1% | — | ||
| Q1 24 | 73.1% | — |
| Q4 25 | 75.1% | 13.1% | ||
| Q3 25 | 26.6% | 25.0% | ||
| Q2 25 | -33.7% | 19.3% | ||
| Q1 25 | 22.0% | 7.2% | ||
| Q4 24 | -20.4% | 5.9% | ||
| Q3 24 | 15.6% | 19.4% | ||
| Q2 24 | 18.8% | 20.6% | ||
| Q1 24 | 51.6% | 5.8% |
| Q4 25 | 73.9% | 2.0% | ||
| Q3 25 | 7.7% | 5.4% | ||
| Q2 25 | -62.2% | 6.4% | ||
| Q1 25 | 6.3% | -2.6% | ||
| Q4 24 | -42.6% | 8.0% | ||
| Q3 24 | 19.6% | 1.2% | ||
| Q2 24 | 4.1% | 4.7% | ||
| Q1 24 | 20.8% | -4.3% |
| Q4 25 | $0.81 | — | ||
| Q3 25 | $0.03 | — | ||
| Q2 25 | $-0.77 | — | ||
| Q1 25 | $0.01 | — | ||
| Q4 24 | $-0.69 | — | ||
| Q3 24 | $0.17 | — | ||
| Q2 24 | $-0.03 | — | ||
| Q1 24 | $0.20 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $6.5M | $118.7M |
| Total DebtLower is stronger | $616.3M | — |
| Stockholders' EquityBook value | $567.3M | $452.4M |
| Total Assets | $1.3B | $582.5M |
| Debt / EquityLower = less leverage | 1.09× | — |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $6.5M | $118.7M | ||
| Q3 25 | $9.3M | $107.5M | ||
| Q2 25 | $8.6M | $94.3M | ||
| Q1 25 | $8.4M | $89.1M | ||
| Q4 24 | $9.0M | $96.6M | ||
| Q3 24 | $8.2M | $83.8M | ||
| Q2 24 | $4.8M | $66.1M | ||
| Q1 24 | $6.8M | $82.1M |
| Q4 25 | $616.3M | — | ||
| Q3 25 | $604.2M | — | ||
| Q2 25 | $605.4M | — | ||
| Q1 25 | $602.2M | — | ||
| Q4 24 | $519.0M | — | ||
| Q3 24 | $526.8M | — | ||
| Q2 24 | $482.7M | — | ||
| Q1 24 | $542.0M | — |
| Q4 25 | $567.3M | $452.4M | ||
| Q3 25 | $557.3M | $448.1M | ||
| Q2 25 | $574.1M | $442.4M | ||
| Q1 25 | $593.9M | $433.5M | ||
| Q4 24 | $612.8M | $429.5M | ||
| Q3 24 | $595.8M | $423.1M | ||
| Q2 24 | $491.8M | $418.4M | ||
| Q1 24 | $462.2M | $412.0M |
| Q4 25 | $1.3B | $582.5M | ||
| Q3 25 | $1.2B | $582.2M | ||
| Q2 25 | $1.2B | $574.8M | ||
| Q1 25 | $1.2B | $571.4M | ||
| Q4 24 | $1.2B | $581.6M | ||
| Q3 24 | $1.2B | $578.6M | ||
| Q2 24 | $1.0B | $571.4M | ||
| Q1 24 | $1.0B | $566.7M |
| Q4 25 | 1.09× | — | ||
| Q3 25 | 1.08× | — | ||
| Q2 25 | 1.05× | — | ||
| Q1 25 | 1.01× | — | ||
| Q4 24 | 0.85× | — | ||
| Q3 24 | 0.88× | — | ||
| Q2 24 | 0.98× | — | ||
| Q1 24 | 1.17× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $6.9M | $12.9M |
| Free Cash FlowOCF − Capex | — | $10.2M |
| FCF MarginFCF / Revenue | — | 14.3% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | — | 3.9% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | 0.24× | 8.97× |
| TTM Free Cash FlowTrailing 4 quarters | — | $33.5M |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $6.9M | $12.9M | ||
| Q3 25 | $25.5M | $17.7M | ||
| Q2 25 | $21.9M | $4.6M | ||
| Q1 25 | $10.3M | $5.7M | ||
| Q4 24 | $14.0M | $16.8M | ||
| Q3 24 | $21.2M | $17.6M | ||
| Q2 24 | $12.9M | $15.9M | ||
| Q1 24 | $11.8M | $9.4M |
| Q4 25 | — | $10.2M | ||
| Q3 25 | — | $16.4M | ||
| Q2 25 | — | $2.9M | ||
| Q1 25 | — | $4.0M | ||
| Q4 24 | — | $16.0M | ||
| Q3 24 | — | $16.3M | ||
| Q2 24 | — | $14.0M | ||
| Q1 24 | — | $6.8M |
| Q4 25 | — | 14.3% | ||
| Q3 25 | — | 22.4% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | — | 22.1% | ||
| Q3 24 | — | 20.8% | ||
| Q2 24 | — | 17.8% | ||
| Q1 24 | — | 8.6% |
| Q4 25 | — | 3.9% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 3.3% |
| Q4 25 | 0.24× | 8.97× | ||
| Q3 25 | 8.75× | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | 4.56× | — | ||
| Q4 24 | — | 2.89× | ||
| Q3 24 | 3.40× | 18.22× | ||
| Q2 24 | 10.89× | 4.29× | ||
| Q1 24 | 2.01× | — |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
CTO
| Income Properties Segment | $33.7M | 88% |
| Commercial Loan Investments Segment | $3.4M | 9% |
| Management Agreement With Pine | $1.1M | 3% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
