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Institutional distribution: ownership decreased -1.23% quarter-over-quarter.
Data as of Q1 2026
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Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $9.70 today, the market must believe free cash flow compounds 3.3%/yr for a decade (off $36M normalized FCF).
The market's 3.3% is more optimistic than its 9-yr track record.
2-stage DCF · 0.02B shares (market data) · net debt $318M
mean 12.9% · volatility σ 74% · implied rate exceeded in 3/9 yrs
Central path = implied 3.3%/yr growth; shaded band = ±1σ (74%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
6/7 of the 9 checks — 2 couldn't be scored (see above), so the score is out of the 7 with data.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Earnings are backed by cash (FCF ≥ net income) — high quality. Lower/negative accruals = higher quality (Sloan).
Coverage data unavailable; leverage falling year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
The dividend is comfortably covered — only 1% of free cash flow, leaving room to grow it and fund buybacks. Last year: $498000 dividends + $0 buybacks = $498000 returned on $34M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: 2%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $119M covers the $5M due within a year 25.8× over. Scheduled principal only (excludes interest & revolver draws). As of 2022-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~8.0% on $445M of debt. Interest last disclosed in FY2023 (no longer broken out).
Cash of $119M fully covers short-term debt of $5M.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-08-05 · 44d old
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $291.6M 100.0% | $307.7M 100.0% | $325.7M 100.0% | $353.4M 100.0% | $329.7M 100.0% | $266.0M 100.0% | $282.3M 100.0% | $212.6M 100.0% | $195.9M 100.0% | $176.3M 100.0% |
| Selling, General & Admin | $146.7M 50.3% | $152.3M 49.5% | $171.5M 52.7% | $174.0M 49.2% | $179.5M 54.4% | $129.0M 48.5% | $119.2M 42.2% | $120.2M 56.6% | $106.9M 54.6% | $88.0M 49.9% |
| Total Operating Expenses | $244.6M 83.9% | $267.5M 86.9% | $336.3M 103.3% | $315.2M 89.2% | $339.6M 103.0% | $227.4M 85.5% | $213.3M 75.6% | $134.2M 63.1% | $95.4M 48.7% | $104.3M 59.2% |
| Operating Income | $47.0M 16.1% | $40.2M 13.1% | -$10.6M -3.3% | $38.2M 10.8% | -$9.9M -3.0% | $38.6M 14.5% | $69.0M 24.4% | $78.4M 36.9% | $98.3M 50.2% | $71.3M 40.5% |
| Interest Expense | — | — | $35.7M 11.0% | $20.9M 5.9% | $11.3M 3.4% | $9.2M 3.5% | $12.2M 4.3% | $12.1M 5.7% | $10.0M 5.1% | $8.6M 4.9% |
| Other Income (Expense), net | -$27.4M -9.4% | -$34.0M -11.0% | -$30.9M -9.5% | -$20.1M -5.7% | -$12.2M -3.7% | -$8.9M -3.3% | -$10.7M -3.8% | -$11.7M -5.5% | -$9.5M -4.8% | -$9.3M -5.3% |
| Pretax Income | $19.6M 6.7% | $6.2M 2.0% | -$41.5M -12.8% | $18.1M 5.1% | -$22.2M -6.7% | $29.7M 11.2% | $58.3M 20.7% | $66.7M 31.4% | $88.9M 45.4% | $62.0M 35.2% |
| Income Tax Expense | $6.2M 2.1% | -$1.9M -0.6% | $56.9M 17.5% | $7.4M 2.1% | $2.5M 0.7% | $9.2M 3.4% | $11.0M 3.9% | $16.4M 7.7% | $57.5M 29.4% | $15.2M 8.6% |
| Net Income | $13.4M 4.6% | $8.1M 2.6% | -$98.5M -30.2% | $10.8M 3.0% | -$24.6M -7.5% | $11.3M 4.2% | $25.3M 9.0% | $27.1M 12.8% | $10.1M 5.2% | $22.2M 12.6% |
| Per Share | ||||||||||
| EPS (Basic) | — | — | — | — | — | $0.62 | $1.42 | $1.53 | $0.58 | $1.26 |
| EPS (Diluted) | — | — | — | — | — | $0.61 | $1.41 | $1.53 | $0.58 | $1.26 |
| Weighted Avg Shares (Basic) | — | — | — | — | — | — | — | 17.7M | 17.7M | 17.6M |
| Weighted Avg Shares (Diluted) | — | — | — | — | — | — | — | 17.8M | 17.7M | 17.7M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
EOD close · as of 2026-08-05
Where each multiple sits in its own 13-yr range
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 13-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| SG&A | 56.6 | 42.2 | 48.5 | 54.4 | 49.2 | 52.7 | 49.5 | 50.3 |
| Operating Income | 36.9 | 24.4 | 14.5 | -3.0 | 10.8 | -3.3 | 13.1 | 16.1 |
| Income Tax | 7.7 | 3.9 | 3.4 | 0.7 | 2.1 | 17.5 | -0.6 | 2.1 |
| Net Income | 12.8 | 9.0 | 4.2 | -7.5 | 3.0 | -30.2 | 2.6 | 4.6 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on RMAX: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Ranked against 240 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WELL | $163.3B | 168.7× | — | 15.1× | 35.6% | 40.1% | 8.9% | 2.3% | 1.6% | — | 1,425 |
| XHG | $130.7B | — | — | 2546.6× | 24.9% | 2.2% | -205% | 85.0% | 88.3% | — | 1 |
| PLD | $124.3B | 37.6× | — | 14.1× | 7.2% | — | 37.9% | 6.3% | 3.8% | — | 1,592 |
| EQIX | $99.8B | 73.8× | 25.5× | 10.8× | 5.4% | 51.1% | 14.6% | 9.5% | 8.7% | 0.3× | 1,229 |
| AMT | $82.3B | 32.7× | 14.2× | 7.7× | 5.1% | — | 24.7% | 72.0% | 37.3% | 0.6× | 1,662 |
| SPG | $66.2B | 14.3× | — | 10.4× | 6.7% | — | 84.3% | 103% | 15.9% | — | 1,242 |
| O | $53.4B | 48.9× | — | 9.3× | 9.1% | — | 18.4% | 2.7% | 2.7% | — | 1,389 |
| PSA | $51.7B | 32.7× | — | 10.7× | 2.7% | — | 37.0% | 19.3% | 9.1% | — | 1,045 |
| VTR | $41.9B | 163.3× | — | 7.2× | 18.5% | — | 4.5% | 2.1% | 1.0% | — | 891 |
| CBRE | $41.0B | 36.0× | — | 1.0× | 13.4% | 18.7% | 2.9% | 13.0% | 7.1% | — | 1,020 |
| IRM | $33.2B | 228.9× | 22.6× | 4.8× | 12.2% | — | 2.2% | -15.5% | 1.0% | 7.5× | 1,043 |
| EXR | $28.8B | 29.7× | 13.5× | 8.5× | 3.7% | 72.8% | 28.8% | 7.3% | 7.3% | — | 722 |
| AVB | $26.6B | 25.6× | 12.2× | 8.7× | 4.4% | — | 34.7% | 9.1% | 5.0% | 3.2× | 715 |
| VICI | $26.2B | 9.4× | — | 6.5× | 4.1% | 99.3% | 69.3% | 10.0% | 6.2% | — | 898 |
| EQR | $25.6B | 23.0× | — | — | — | — | — | 10.1% | 5.8% | — | 681 |
| SBAC | $19.0B | 18.4× | 21.5× | 6.8× | 5.1% | 75.5% | 37.4% | -21.7% | 13.1% | 8.7× | 636 |
| BEKE | $17.6B | 133.1× | 37.9× | 1.3× | 5.6% | 21.4% | 3.2% | 4.5% | 4.5% | — | 197 |
| ESS | $17.5B | 26.1× | 11.6× | 9.3× | 6.4% | 69.9% | 37.2% | 12.7% | 12.7% | — | 582 |
| INVH | $16.6B | 28.3× | — | 6.1× | 4.2% | — | 21.5% | 6.2% | 3.3% | — | 560 |
| JLL | $16.0B | 20.7× | 11.9× | 0.6× | 11.4% | — | 3.0% | 10.6% | 10.4% | 0.1× | 615 |
| WY | $15.7B | 48.5× | 16.8× | 2.3× | -3.1% | 14.8% | 4.7% | 3.4% | 2.2% | 4.5× | 868 |
| KIM | $15.2B | — | 16.3× | 7.1× | 5.1% | — | 27.3% | 5.6% | 3.2% | 5.5× | 633 |
| NLY | $15.0B | 7.3× | — | — | — | — | — | 12.6% | 12.6% | — | 743 |
| LAMR | $15.0B | 25.6× | — | 6.6× | 2.7% | 67.0% | 25.9% | 57.3% | 13.2% | — | 655 |
| HST | $15.0B | 19.8× | — | 2.5× | 7.6% | — | 12.5% | 11.7% | 9.8% | — | 656 |
| RMAX | $207M | — | 7.2× | 0.7× | -5.2% | — | 4.6% | 3.0% | 1.5% | 6.0× | 122 |
Peers = companies sharing RMAX's sector (Real Estate) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.