What is The RMR Group's operating income?

The RMR Group's total operating income in 2025 was $41.78 million, based on the following breakdown: Total Gross Profit: $703.69 million Total Operating Expenses: $658.50 million

The RMR Group (RMR) Financials

$20.44 -0.05 (-0.24%)

Closing price 07/13/2026 04:00 PM Eastern

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$20.44 0.00 (0.00%)

As of 07/13/2026 04:10 PM Eastern

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Annual Income Statements for The RMR Group

This table shows The RMR Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024	9/30/2025
Net Income / (Loss) Attributable to Common Shareholders	7.30	37	42	96	75	29	36	34	57	23	18
Consolidated Net Income / (Loss)	77	122	109	217	169	66	81	77	128	53	39
Net Income / (Loss) Continuing Operations	77	122	109	217	169	66	81	77	128	53	39
Total Pre-Tax Income	82	147	137	276	196	78	94	91	150	64	46
Total Operating Income	81	147	136	252	198	69	72	88	114	45	42
Total Gross Profit	109	267	272	405	713	590	607	833	962	898	704
Total Revenue	193	267	272	405	713	590	607	833	962	898	704
Operating Revenue	193	267	272	405	713	590	607	833	962	898	704
Total Cost of Revenue	83	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	29	120	136	153	516	521	535	744	849	853	659
Selling, General & Admin Expense	21	23	25	27	29	27	27	33	36	44	42
Depreciation Expense	2.12	1.77	2.04	1.25	1.02	0.97	0.97	0.99	1.10	4.71	12
Other Operating Expenses / (Income)	5.57	87	102	114	477	485	495	700	799	794	595
Other Special Charges / (Income)	-	8.57	7.13	10	9.04	7.83	12	10	12	11	9.66
Total Other Income / (Expense), net	1.44	0.23	1.36	24	-1.42	9.15	22	2.33	36	19	1.17
Interest Expense	-	-	-	-	-	-	-	0.00	0.00	0.87	7.71
Interest & Investment Income	1.73	0.23	1.36	-0.39	3.28	6.00	2.82	2.33	36	18	0.11
Other Income / (Expense), net	-0.29	0.00	0.00	25	-4.70	3.15	19	0.00	0.00	2.59	8.76
Income Tax Expense	4.85	25	28	59	27	12	13	13	22	11	7.67
Net Income / (Loss) Attributable to Noncontrolling Interest	70	85	66	121	94	38	45	43	71	30	21
Basic Earnings per Share	$0.46	$2.33	$2.63	$5.94	$4.59	$1.77	$2.18	$2.06	$3.44	$1.38	$1.03
Weighted Average Basic Shares Outstanding	16M	16.01M	16.03M	16.08M	16.13M	16.19M	16.27M	16.34M	16.43M	16.53M	16.64M
Diluted Earnings per Share	$0.46	$2.33	$2.63	$5.92	$4.59	$1.75	$2.15	$2.04	$3.44	$1.38	$1.03
Weighted Average Diluted Shares Outstanding	16M	16.01M	16.05M	16.12M	16.14M	31.19M	31.28M	31.35M	16.43M	16.53M	16.64M
Weighted Average Basic & Diluted Shares Outstanding	16M	16M	16.10M	31.23M	31.30M	31.40M	31.49M	31.61M	31.71M	31.85M	32.06M

This table shows The RMR Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	7.70	7.00	5.86	4.94	5.34	6.38	3.62	4.19	3.41	12	1.01
Consolidated Net Income / (Loss)	17	16	13	12	12	14	7.69	9.30	7.58	27	2.06
Net Income / (Loss) Continuing Operations	17	16	13	12	12	14	7.69	9.30	7.58	27	2.06
Total Pre-Tax Income	20	18	15	16	15	17	9.07	11	9.65	31	2.65
Total Operating Income	15	11	12	12	10	13	7.56	9.97	11	32	7.04
Total Gross Profit	223	262	218	206	211	219	167	155	163	180	146
Total Revenue	223	262	218	206	211	219	167	155	163	180	146
Operating Revenue	223	262	218	206	211	219	167	155	163	180	146
Total Cost of Revenue	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00	0.00
Total Operating Expenses	208	251	206	193	202	206	159	145	149	148	139
Selling, General & Admin Expense	7.82	9.51	12	11	11	11	11	9.63	10	9.95	11
Depreciation Expense	0.28	0.42	1.22	1.23	1.83	2.35	2.46	3.01	3.74	4.69	4.45
Other Operating Expenses / (Income)	196	238	192	179	184	192	144	130	129	132	120
Other Special Charges / (Income)	3.77	2.83	0.70	1.61	5.48	0.13	1.61	2.09	5.84	1.96	3.03
Total Other Income / (Expense), net	5.46	7.55	2.71	3.81	6.25	3.20	1.51	1.08	-4.62	-0.59	-4.39
Interest Expense	-	0.01	0.08	0.08	-	0.70	0.87	1.06	5.08	3.10	2.61
Interest & Investment Income	28	7.56	3.09	2.83	10	0.49	0.67	0.97	-2.01	-1.13	-1.78
Other Income / (Expense), net	-23	0.00	-0.30	1.06	-3.09	3.41	1.72	1.17	2.47	3.64	0.00
Income Tax Expense	3.19	2.64	2.12	3.66	2.90	2.48	1.38	1.75	2.06	4.66	0.59
Net Income / (Loss) Attributable to Noncontrolling Interest	9.36	8.53	6.85	7.47	7.15	7.73	4.08	5.11	4.17	15	1.05
Basic Earnings per Share	$0.47	$0.42	$0.35	$0.29	$0.32	$0.38	$0.21	$0.25	$0.19	$0.71	$0.05
Weighted Average Basic Shares Outstanding	16.43M	16.51M	16.52M	16.54M	16.53M	16.61M	16.62M	16.66M	16.64M	16.74M	16.75M
Diluted Earnings per Share	$0.48	$0.41	$0.34	$0.29	$0.34	$0.38	$0.21	$0.25	$0.19	$0.71	$0.05
Weighted Average Diluted Shares Outstanding	16.43M	31.51M	31.54M	16.54M	16.53M	16.61M	16.62M	16.66M	16.64M	16.74M	16.75M
Weighted Average Basic & Diluted Shares Outstanding	31.71M	31.71M	31.73M	31.72M	31.85M	31.84M	31.88M	31.87M	32.06M	32.06M	32.09M

This table details how cash moves in and out of The RMR Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024	9/30/2025
Net Change in Cash & Equivalents	-107	31	43	148	102	11	-210	29	79	-126	-79
Net Cash From Operating Activities	102	100	126	228	198	77	72	101	109	61	76
Net Cash From Continuing Operating Activities	102	100	126	228	198	77	72	101	109	61	76
Net Income / (Loss) Continuing Operations	77	122	109	217	169	66	81	77	128	53	39
Consolidated Net Income / (Loss)	77	122	109	217	169	66	81	77	128	53	39
Depreciation Expense	2.12	1.77	2.04	1.25	1.02	0.97	0.97	0.99	1.10	4.71	12
Amortization Expense	3.00	9.42	9.42	9.42	9.42	9.42	9.42	9.42	9.42	9.42	9.49
Non-Cash Adjustments To Reconcile Net Income	-40	-25	2.50	-15	16	-0.02	-16	3.25	-20	-0.71	11
Changes in Operating Assets and Liabilities, net	59	-8.47	3.32	15	2.66	0.80	-3.88	10	-9.32	-5.17	5.42
Net Cash From Investing Activities	-43	-3.55	-13	-0.65	-15	-5.92	-1.14	-11	49	-210	-184
Net Cash From Continuing Investing Activities	-43	-3.55	-13	-0.65	-15	-5.92	-1.14	-11	49	-210	-184
Purchase of Property, Plant & Equipment	-1.40	-1.07	-0.83	-0.65	-0.70	-0.60	-1.14	-1.12	-3.98	-74	-170
Acquisitions	0.00	-2.48	0.00	0.00	-8.38	0.00	0.00	-9.47	0.00	-79	-12
Purchase of Investments	-46	-	-	0.00	-5.65	-	-	0.00	0.00	-57	-9.50
Sale of Property, Plant & Equipment	1.34	-	-	-	-	-	-	-	0.00	0.00	4.20
Divestitures	-	-	-	-	-	-	0.00	0.00	53	0.00	0.00
Sale and/or Maturity of Investments	2.37	-	-	-	-	-	-	-	0.00	0.00	3.00
Other Investing Activities, net	1.24	-	-12	0.00	0.00	-5.32	-	0.00	0.00	0.70	0.00
Net Cash From Financing Activities	-166	-65	-70	-80	-82	-60	-280	-61	-80	22	29
Net Cash From Continuing Financing Activities	-166	-65	-70	-80	-82	-60	-280	-61	-80	22	29
Repayment of Debt	-	-	-	-	-	-	-	0.00	0.00	-1.96	-4.88
Repurchase of Common Equity	0.00	-0.09	-0.36	-0.99	-0.83	-0.52	-0.83	-0.55	-0.73	-1.14	-0.90
Payment of Dividends	-224	-64	-67	-76	-79	-58	-277	-59	-77	-61	-62
Issuance of Debt	-	-	-	-	-	-	-	0.00	0.00	88	99
Other Financing Activities, net	0.00	-0.91	-2.93	-2.96	-2.27	-2.11	-2.16	-2.21	-2.36	-2.37	-2.38
Cash Interest Paid	-	-	-	-	-	-	-	0.00	0.00	0.37	6.40
Cash Income Taxes Paid	0.22	26	28	38	30	10	10	9.56	21	9.14	5.74

This table details how cash moves in and out of The RMR Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-27	-66	-10	16	-66	5.98	-10	-16	-59	-13	31
Net Cash From Operating Activities	-4.48	30	5.09	32	-5.69	25	13	22	16	11	49
Net Cash From Continuing Operating Activities	-4.48	30	5.09	32	-5.69	25	13	22	16	11	49
Net Income / (Loss) Continuing Operations	17	16	13	12	12	14	7.69	9.30	7.58	27	2.06
Consolidated Net Income / (Loss)	17	16	13	12	12	14	7.69	9.30	7.58	27	2.06
Depreciation Expense	0.28	0.42	1.22	1.23	1.83	2.35	2.46	3.01	3.74	4.69	4.45
Amortization Expense	2.35	2.35	2.35	2.35	2.35	2.35	2.35	2.35	2.42	2.52	2.51
Non-Cash Adjustments To Reconcile Net Income	-0.15	-2.94	1.44	-12	13	2.01	2.01	1.45	5.14	2.74	4.91
Changes in Operating Assets and Liabilities, net	-24	15	-13	29	-36	4.21	-1.55	6.02	-3.26	-26	35
Net Cash From Investing Activities	-0.76	-80	-0.75	-0.75	-128	-3.64	-7.50	-28	-145	36	-3.71
Net Cash From Continuing Investing Activities	-0.76	-80	-0.75	-0.75	-128	-3.64	-7.50	-28	-145	36	-3.71
Purchase of Property, Plant & Equipment	-0.76	-1.12	-0.75	-0.75	-72	-1.47	-0.66	-22	-146	-1.05	-2.72
Acquisitions	-	-79	-	-	-0.21	-0.77	-11	-0.10	-	-25	-0.99
Net Cash From Financing Activities	-22	-16	-15	-15	68	-15	-16	-9.94	70	-60	-14
Net Cash From Continuing Financing Activities	-22	-16	-15	-15	68	-15	-16	-9.94	70	-60	-14
Repurchase of Common Equity	-0.56	-0.01	-0.11	-0.03	-0.99	-0.01	-0.02	-0.13	-0.74	-0.04	-0.05
Payment of Dividends	-19	-16	-15	-15	-15	-15	-16	-15	-15	-14	-14
Cash Interest Paid	-	0.00	-	-	-	1.43	1.53	1.53	1.91	3.12	1.47
Cash Income Taxes Paid	4.26	0.22	6.32	1.83	0.78	0.01	3.81	0.43	1.50	1.03	1.40

This table presents The RMR Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024	9/30/2025
Total Assets	304	338	384	504	661	690	498	542	582	700	718
Total Current Assets	55	95	141	296	458	456	255	303	386	294	193
Cash & Equivalents	34	66	109	257	358	370	160	189	268	142	62
Note & Lease Receivable	-	-	-	-	-	-	-	-	-	0.00	37
Accounts Receivable	18	25	25	29	94	83	89	109	111	134	80
Prepaid Expenses	2.86	4.69	7.09	10	5.85	3.88	6.02	5.37	7.00	9.79	14
Plant, Property, & Equipment, net	4.68	3.80	3.28	2.59	2.38	2.30	2.22	2.50	5.45	76	229
Total Noncurrent Assets	244	238	240	206	201	232	241	237	191	330	297
Long-Term Investments	-	0.00	12	7.05	6.66	20	-	-	19	24	32
Noncurrent Note & Lease Receivables	6.45	7.75	7.55	8.18	9.24	7.76	14	-	0.00	56	24
Goodwill	0.00	2.30	1.86	1.86	1.86	2.14	2.09	2.06	1.86	72	72
Intangible Assets	0.00	1.09	0.46	0.38	0.32	-	-	-	0.17	20	26
Noncurrent Deferred & Refundable Income Taxes	47	46	46	26	26	24	19	17	18	15	13
Other Noncurrent Operating Assets	191	181	172	163	157	178	206	217	152	143	130
Total Liabilities & Shareholders' Equity	304	338	384	504	661	690	498	542	582	700	718
Total Liabilities	90	91	94	70	132	149	150	173	159	281	316
Total Current Liabilities	18	21	26	28	91	82	81	109	106	133	118
Short-Term Debt	-	-	-	-	-	-	-	-	0.00	0.52	30
Accounts Payable	18	21	26	28	20	17	15	17	23	32	39
Other Current Liabilities	-	-	-	-	66	60	60	85	83	96	49
Total Noncurrent Liabilities	72	71	68	41	41	68	69	63	53	148	198
Long-Term Debt	-	-	-	-	-	-	-	-	0.00	86	154
Noncurrent Deferred & Payable Income Tax Liabilities	65	62	59	32	30	28	26	23	21	18	16
Noncurrent Employee Benefit Liabilities	6.45	7.75	7.55	8.18	9.24	7.76	14	15	7.26	9.35	10
Other Noncurrent Operating Liabilities	-	-	-	-	0.00	32	29	26	25	34	18
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	214	246	290	435	529	541	348	370	424	419	402
Total Preferred & Common Equity	101	122	150	233	289	296	195	207	240	238	228
Total Common Equity	101	122	150	233	289	296	195	207	240	238	228
Common Stock	93	94	96	99	103	107	110	113	116	119	122
Retained Earnings	7.30	27	54	133	257	189	322	356	413	436	454
Accumulated Other Comprehensive Income / (Loss)	0.07	0.08	0.08	0.08	-	-	-	-	-	0.00	-0.06
Other Equity Adjustments	-	-	-	-	-72	-	-237	-262	-289	-317	-348
Noncontrolling Interest	113	125	140	202	240	245	153	163	184	182	174

This table presents The RMR Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	12/31/2022	3/31/2023	6/30/2023	12/31/2023	3/31/2024	6/30/2024	12/31/2024	3/31/2025	6/30/2025	12/31/2025	3/31/2026
Total Assets	565	592	601	625	584	602	693	650	648	687	685
Total Current Assets	327	322	404	326	291	315	291	244	221	172	178
Cash & Equivalents	201	198	295	202	192	208	148	137	121	49	80
Note & Lease Receivable	-	-	-	-	-	-	-	-	-	0.00	0.00
Accounts Receivable	120	119	102	114	87	99	121	90	84	110	83
Prepaid Expenses	5.75	5.53	6.49	9.27	12	8.62	13	17	16	13	14
Plant, Property, & Equipment, net	3.77	4.54	5.50	15	15	16	77	76	91	227	227
Total Noncurrent Assets	234	265	192	285	277	271	325	330	336	288	280
Long-Term Investments	-	-	-	22	22	22	26	36	35	55	51
Noncurrent Note & Lease Receivables	18	29	-	-	-	-	58	58	64	0.00	0.00
Goodwill	2.05	2.04	2.03	72	72	72	72	72	72	72	72
Intangible Assets	-	-	-	21	20	20	19	18	22	24	22
Noncurrent Deferred & Refundable Income Taxes	18	13	19	17	17	17	14	14	14	13	12
Other Noncurrent Operating Assets	196	221	171	153	146	142	135	132	129	125	122
Total Liabilities & Shareholders' Equity	565	592	601	625	584	602	693	650	648	687	685
Total Liabilities	195	197	176	201	160	181	271	235	239	272	280
Total Current Liabilities	127	118	121	126	90	116	133	97	97	94	102
Short-Term Debt	-	-	-	-	-	2.59	1.50	0.12	0.00	0.00	0.00
Accounts Payable	28	23	40	42	33	43	41	38	45	38	45
Other Current Liabilities	92	86	79	84	57	71	85	59	52	56	57
Total Noncurrent Liabilities	68	79	55	75	70	65	138	138	141	178	178
Long-Term Debt	-	-	-	4.73	4.76	4.79	86	86	92	136	137
Noncurrent Deferred & Payable Income Tax Liabilities	23	23	23	21	21	21	18	18	18	16	16
Noncurrent Employee Benefit Liabilities	18	29	6.63	-	-	4.88	6.16	5.65	6.01	9.34	9.79
Other Noncurrent Operating Liabilities	27	27	25	49	44	34	27	27	25	16	15
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	369	396	425	425	424	422	422	415	409	415	404
Total Preferred & Common Equity	207	220	238	241	242	239	237	234	231	233	228
Total Common Equity	207	220	238	241	242	239	237	234	231	233	228
Common Stock	114	115	116	117	118	118	119	121	121	122	124
Retained Earnings	362	381	405	420	426	431	443	446	450	466	467
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-	-	-	-	-	-	-0.14	0.22
Other Equity Adjustments	-269	-276	-282	-296	-302	-310	-325	-333	-340	-356	-363
Noncontrolling Interest	162	176	187	184	183	182	185	181	178	182	177

This table displays calculated financial ratios and metrics derived from The RMR Group's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024	9/30/2025
DEI Shares Outstanding	0.00	31,007,500.00	31,094,510.00	31,174,463.00	31,236,355.00	31,315,025.00	31,407,933.00	-	-	-	31,869,689.00
DEI Adjusted Shares Outstanding	0.00	31,007,500.00	31,094,510.00	31,174,463.00	31,236,355.00	31,315,025.00	31,407,933.00	-	-	-	31,869,689.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	1.20	1.36	3.08	2.39	0.92	1.14	-	-	-	0.55
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-32.31%	38.36%	1.79%	49.04%	76.15%	-17.36%	3.01%	37.10%	15.59%	-6.86%	-21.60%
EBITDA Growth	588.05%	84.58%	-6.88%	95.45%	-29.17%	-59.58%	23.12%	-2.48%	25.78%	-50.34%	16.02%
EBIT Growth	711.03%	82.41%	-7.59%	104.10%	-30.21%	-62.77%	26.45%	-2.79%	28.70%	-58.17%	6.26%
NOPAT Growth	439.30%	60.85%	-11.93%	84.30%	-14.13%	-65.62%	5.94%	21.69%	28.75%	-61.84%	-5.97%
Net Income Growth	652.17%	58.05%	-11.19%	100.08%	-22.25%	-60.76%	22.13%	-4.38%	64.93%	-58.42%	-27.20%
EPS Growth	0.00%	406.52%	12.88%	125.10%	-22.47%	-61.87%	22.86%	-5.12%	68.63%	-59.88%	-25.36%
Operating Cash Flow Growth	222.21%	-2.30%	26.28%	81.42%	-13.24%	-60.90%	-7.36%	41.06%	7.85%	-43.80%	23.42%
Free Cash Flow Firm Growth	0.00%	217.01%	-1.22%	64.63%	-9.82%	-59.99%	-63.64%	221.02%	70.24%	-215.79%	26.27%
Invested Capital Growth	0.00%	0.78%	-6.48%	1.13%	-4.00%	-7.51%	23.92%	-3.85%	-24.15%	146.04%	46.00%
Revenue Q/Q Growth	0.00%	3.15%	0.14%	2.13%	15.21%	-33.04%	100.98%	9.00%	-1.96%	-1.27%	-6.41%
EBITDA Q/Q Growth	0.00%	1.87%	-4.71%	3.35%	-4.31%	-4.39%	27.35%	-7.23%	-24.00%	-11.80%	5.14%
EBIT Q/Q Growth	0.00%	2.04%	-5.12%	3.57%	-4.53%	-4.97%	31.45%	-8.03%	-25.66%	-17.09%	3.10%
NOPAT Q/Q Growth	0.00%	-15.02%	-5.32%	4.42%	-2.01%	-9.58%	11.44%	-0.12%	-5.53%	-9.68%	1.89%
Net Income Q/Q Growth	0.00%	2.10%	-5.00%	2.79%	-0.08%	-6.34%	25.30%	-4.24%	-7.44%	-7.92%	-11.25%
EPS Q/Q Growth	0.00%	0.00%	-5.40%	3.14%	0.44%	-7.41%	27.98%	-6.42%	-6.01%	-9.21%	-12.71%
Operating Cash Flow Q/Q Growth	0.00%	-5.74%	0.51%	-1.39%	2.37%	-6.80%	1.01%	13.43%	-12.70%	-1.94%	39.18%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.33%	-2.79%	3.81%	0.47%	-48.19%	37.28%	5.09%	-473.91%	-8.30%
Invested Capital Q/Q Growth	0.00%	12.96%	9.24%	19.88%	12.59%	8.44%	28.90%	12.16%	5.45%	69.07%	42.83%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	56.74%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	44.33%	59.15%	54.10%	70.95%	28.53%	13.96%	16.68%	11.87%	12.91%	6.88%	10.17%
Operating Margin	41.83%	54.96%	49.89%	62.22%	27.73%	11.66%	11.87%	10.61%	11.82%	5.02%	5.94%
EBIT Margin	41.68%	54.96%	49.89%	68.32%	27.07%	12.19%	14.97%	10.61%	11.82%	5.31%	7.18%
Profit (Net Income) Margin	40.13%	45.84%	39.99%	53.69%	23.70%	11.25%	13.34%	9.31%	13.28%	5.93%	5.50%
Tax Burden Percent	94.24%	83.28%	79.37%	78.70%	86.09%	85.17%	86.03%	85.41%	85.44%	82.44%	83.45%
Interest Burden Percent	102.15%	100.16%	101.00%	99.86%	101.70%	108.34%	103.59%	102.64%	131.49%	135.49%	91.70%
Effective Tax Rate	5.90%	16.72%	20.63%	21.30%	13.91%	14.83%	13.97%	14.59%	14.56%	17.56%	16.55%
Return on Invested Capital (ROIC)	84.79%	67.92%	61.58%	116.77%	101.75%	37.11%	36.54%	40.96%	61.18%	15.64%	8.41%
ROIC Less NNEP Spread (ROIC-NNEP)	76.25%	67.54%	60.43%	106.82%	102.14%	35.04%	29.62%	39.82%	48.31%	6.94%	104.77%
Return on Net Nonoperating Assets (RNNOA)	-12.31%	-14.73%	-21.04%	-56.73%	-66.67%	-24.71%	-18.30%	-19.37%	-28.97%	-3.04%	1.01%
Return on Equity (ROE)	72.47%	53.20%	40.54%	60.04%	35.08%	12.40%	18.23%	21.60%	32.21%	12.60%	9.42%
Cash Return on Invested Capital (CROIC)	-115.21%	67.14%	68.28%	115.65%	105.83%	44.91%	15.18%	44.88%	88.64%	-68.77%	-28.99%
Operating Return on Assets (OROA)	26.46%	45.74%	37.59%	62.30%	33.14%	10.64%	15.30%	16.99%	20.22%	7.42%	7.13%
Return on Assets (ROA)	25.48%	38.15%	30.13%	48.96%	29.01%	9.82%	13.64%	14.89%	22.72%	8.28%	5.45%
Return on Common Equity (ROCE)	34.19%	25.73%	20.51%	31.68%	18.98%	6.77%	10.08%	12.09%	18.13%	7.14%	5.33%
Return on Equity Simple (ROE_SIMPLE)	76.78%	100.53%	72.67%	93.41%	58.56%	22.42%	41.52%	37.49%	53.22%	22.36%	0.00%
Net Operating Profit after Tax (NOPAT)	76	122	108	198	170	59	62	75	97	37	35
NOPAT Margin	39.36%	45.77%	39.59%	48.96%	23.87%	9.93%	10.21%	9.07%	10.10%	4.14%	4.95%
Net Nonoperating Expense Percent (NNEP)	8.53%	0.39%	1.16%	9.95%	-0.39%	2.07%	6.92%	1.14%	12.86%	8.70%	-96.36%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	5.95%
Cost of Revenue to Revenue	43.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	10.93%	8.68%	9.27%	6.70%	4.02%	4.50%	4.44%	3.95%	3.74%	4.88%	6.04%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	14.91%	45.04%	50.11%	37.78%	72.27%	88.34%	88.13%	89.39%	88.18%	95.13%	93.58%
Earnings before Interest and Taxes (EBIT)	80	147	136	277	193	72	91	88	114	48	51
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	86	158	147	287	204	82	101	99	124	62	72
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	5.90	6.67	7.88	3.19	1.97	4.49	3.11	2.96	3.33	2.14
Price to Tangible Book Value (P/TBV)	0.00	6.07	6.77	7.95	3.22	1.98	4.54	3.14	2.98	5.43	3.75
Price to Revenue (P/Rev)	0.00	2.69	3.67	4.53	1.29	0.99	1.44	0.77	0.74	0.88	0.69
Price to Earnings (P/E)	0.00	19.28	23.57	19.08	12.35	20.23	24.54	18.89	12.42	34.18	27.64
Dividend Yield	0.00%	1.29%	3.12%	1.70%	4.75%	8.17%	30.55%	41.99%	7.13%	6.82%	11.80%
Earnings Yield	0.00%	5.19%	4.24%	5.24%	8.09%	4.94%	4.08%	5.29%	8.05%	2.93%	3.62%
Enterprise Value to Invested Capital (EV/IC)	0.00	4.30	6.02	10.37	4.86	2.89	4.62	3.41	4.43	2.65	1.53
Enterprise Value to Revenue (EV/Rev)	0.00	2.91	3.74	4.37	1.12	0.74	1.43	0.74	0.63	1.00	1.07
Enterprise Value to EBITDA (EV/EBITDA)	0.00	4.92	6.91	6.16	3.91	5.32	8.58	6.24	4.88	14.49	10.49
Enterprise Value to EBIT (EV/EBIT)	0.00	5.30	7.49	6.40	4.13	6.09	9.56	6.97	5.33	18.79	14.86
Enterprise Value to NOPAT (EV/NOPAT)	0.00	6.36	9.44	8.93	4.68	7.48	14.01	8.16	6.24	24.10	21.54
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	7.79	8.07	7.75	4.02	5.65	12.10	6.09	5.55	14.56	9.91
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	6.43	8.52	9.02	4.50	6.18	33.72	7.45	4.31	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.21	0.46
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.21	0.38
Financial Leverage	-0.16	-0.22	-0.35	-0.53	-0.65	-0.71	-0.62	-0.49	-0.60	-0.44	0.01
Leverage Ratio	1.42	1.39	1.35	1.23	1.21	1.26	1.34	1.45	1.42	1.52	1.73
Compound Leverage Factor	1.45	1.40	1.36	1.22	1.23	1.37	1.39	1.49	1.86	2.06	1.58
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	17.14%	31.44%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.10%	5.11%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	17.04%	26.33%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	52.81%	50.60%	48.38%	46.45%	45.44%	45.29%	43.89%	44.12%	43.34%	35.92%	29.73%
Common Equity to Total Capital	47.18%	49.39%	51.61%	53.54%	54.56%	54.71%	56.11%	55.88%	56.66%	46.93%	38.82%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.41	2.58
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-1.27	1.26
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.40	2.16
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.34	5.29
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-2.12	2.59
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.33	4.43
Altman Z-Score	0.00	7.33	8.79	19.38	7.45	4.57	6.64	5.65	6.55	4.34	3.14
Noncontrolling Interest Sharing Ratio	52.82%	51.64%	49.41%	47.23%	45.90%	45.36%	44.74%	44.00%	43.70%	43.35%	43.36%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.00	4.64	5.33	10.46	5.03	5.58	3.14	2.78	3.66	2.20	1.64
Quick Ratio	2.85	4.41	5.07	10.09	4.97	5.53	3.06	2.73	3.59	2.07	1.52
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-103	121	119	196	177	71	26	83	141	-163	-120
Operating Cash Flow to CapEx	147,942.03%	9,320.47%	15,228.05%	35,257.72%	28,235.61%	12,894.68%	6,286.69%	9,033.90%	2,742.03%	82.52%	45.78%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-208.21	-15.59
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	78.38	9.83
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-16.60	-11.64
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.63	0.83	0.75	0.91	1.22	0.87	1.02	1.60	1.71	1.40	0.99
Accounts Receivable Turnover	10.73	12.46	10.86	15.00	11.66	6.69	7.09	8.43	8.74	7.31	6.58
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	41.23	62.95	76.78	138.10	286.95	251.82	268.87	353.28	242.37	21.89	4.61
Accounts Payable Turnover	4.53	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	34.03	29.29	33.60	24.34	31.31	54.53	51.47	43.29	41.75	49.96	55.43
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	80.64	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	-46.62	29.29	33.60	24.34	31.31	54.53	51.47	43.29	41.75	49.96	55.43
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	179	181	169	171	164	152	188	181	137	337	492
Invested Capital Turnover	2.15	1.48	1.56	2.38	4.26	3.74	3.58	4.52	6.06	3.78	1.70
Increase / (Decrease) in Invested Capital	179	1.40	-12	1.90	-6.83	-12	36	-7.23	-44	200	155
Enterprise Value (EV)	0.00	777	1,016	1,771	797	438	869	616	607	894	751
Market Capitalization	0.00	718	997	1,833	921	582	876	642	710	790	486
Book Value per Share	$6.30	$3.92	$4.81	$7.47	$9.24	$9.45	$6.21	$6.56	$7.59	$7.49	$7.14
Tangible Book Value per Share	$6.30	$3.82	$4.73	$7.39	$9.17	$9.38	$6.15	$6.49	$7.53	$4.59	$4.07
Total Capital	214	246	290	435	529	541	348	370	424	506	586
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	87	184
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	86	154
Net Debt	-34	-66	-121	-264	-365	-389	-160	-189	-287	-79	90
Capital Expenditures (CapEx)	0.07	1.07	0.83	0.65	0.70	0.60	1.14	1.12	3.98	74	165
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2.41	8.97	5.84	11	8.38	4.71	14	5.02	13	20	43
Debt-free Net Working Capital (DFNWC)	37	75	114	268	367	374	173	194	281	161	105
Net Working Capital (NWC)	37	75	114	268	367	374	173	194	281	161	75
Net Nonoperating Expense (NNE)	-1.47	-0.19	-1.08	-19	1.23	-7.79	-19	-1.99	-31	-16	-3.81
Net Nonoperating Obligations (NNO)	-34	-66	-121	-264	-365	-389	-160	-189	-287	-82	90
Total Depreciation and Amortization (D&A)	5.12	11	11	11	10	10	10	10	11	14	21
Debt-free, Cash-free Net Working Capital to Revenue	1.25%	3.36%	2.15%	2.70%	1.17%	0.80%	2.23%	0.60%	1.32%	2.19%	6.05%
Debt-free Net Working Capital to Revenue	19.13%	28.02%	42.13%	66.12%	51.42%	63.51%	28.55%	23.32%	29.17%	17.98%	14.90%
Net Working Capital to Revenue	19.13%	28.02%	42.13%	66.12%	51.42%	63.51%	28.55%	23.32%	29.17%	17.93%	10.64%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.46	$2.33	$2.63	$5.94	$4.59	$1.77	$2.18	$2.06	$3.44	$1.38	$1.03
Adjusted Weighted Average Basic Shares Outstanding	16M	31.08M	16.03M	16.08M	16.13M	16.19M	16.27M	16.34M	16.43M	16.53M	16.64M
Adjusted Diluted Earnings per Share	$0.46	$2.33	$2.63	$5.92	$4.59	$1.75	$2.15	$2.04	$3.44	$1.38	$1.03
Adjusted Weighted Average Diluted Shares Outstanding	16M	31.08M	16.05M	16.12M	16.14M	31.19M	31.28M	31.35M	16.43M	16.53M	16.64M
Adjusted Basic & Diluted Earnings per Share	$0.46	$2.33	$2.63	$0.00	$4.59	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	16M	16.01M	31.16M	31.23M	31.30M	31.40M	31.49M	31.61M	31.71M	31.85M	32.06M
Normalized Net Operating Profit after Tax (NOPAT)	76	129	113	206	178	65	72	84	108	46	43
Normalized NOPAT Margin	39.36%	48.44%	41.68%	50.99%	24.96%	11.06%	11.92%	10.11%	11.21%	5.11%	6.10%
Pre Tax Income Margin	42.58%	55.04%	50.39%	68.22%	27.53%	13.21%	15.51%	10.90%	15.54%	7.19%	6.59%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	60.75	6.56
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	47.36	4.52
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-34.24	-14.91
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-47.63	-16.94
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	289.76%	52.20%	61.66%	34.80%	46.56%	87.03%	342.52%	75.74%	60.05%	114.10%	159.77%
Augmented Payout Ratio	289.76%	52.27%	61.99%	35.25%	47.05%	87.82%	343.55%	76.44%	60.62%	116.24%	162.10%

This table displays calculated financial ratios and metrics derived from The RMR Group's official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	31,844,688.00	31,877,246.00	31,869,689.00	-	32,058,177.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	31,844,688.00	31,877,246.00	31,869,689.00	-	32,058,177.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	0.11	0.13	0.11	-	0.03
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-7.95%	4.37%	4.48%	-26.67%	-5.17%	-16.13%	-23.53%	-24.77%	-23.31%	-17.79%	-12.62%
EBITDA Growth	-116.56%	-23.79%	-67.30%	-73.52%	312.74%	60.50%	-8.56%	-2.37%	21.88%	99.67%	-0.61%
EBIT Growth	-126.73%	-29.00%	-73.21%	-78.26%	191.33%	58.20%	-21.58%	-16.31%	12.89%	112.67%	-24.09%
NOPAT Growth	-31.35%	-47.41%	-33.96%	-81.98%	-31.91%	25.49%	-38.31%	-11.32%	5.40%	140.03%	-14.61%
Net Income Growth	-37.57%	9.03%	-69.22%	-77.52%	-26.80%	-9.13%	-39.48%	-25.06%	-39.28%	90.23%	-73.24%
EPS Growth	-31.43%	10.81%	-69.37%	-80.41%	-29.17%	-7.32%	-38.24%	-13.79%	-44.12%	86.84%	-76.19%
Operating Cash Flow Growth	-139.22%	6.52%	-63.72%	-55.22%	-27.18%	-16.38%	154.97%	-30.98%	374.46%	-57.07%	276.58%
Free Cash Flow Firm Growth	121.02%	-231.12%	26.51%	-172.10%	-441.68%	-320.88%	-1,494.04%	-128.05%	23.68%	23.46%	28.62%
Invested Capital Growth	-24.15%	21.69%	8.65%	53.46%	146.04%	61.93%	52.77%	72.83%	46.00%	34.88%	24.93%
Revenue Q/Q Growth	-20.45%	17.39%	-16.79%	-5.63%	2.88%	3.82%	-24.06%	-7.16%	5.23%	10.82%	-19.29%
EBITDA Q/Q Growth	-108.55%	346.64%	-8.87%	5.89%	-31.32%	86.07%	-34.48%	17.16%	18.13%	120.19%	-67.39%
EBIT Q/Q Growth	-113.25%	231.64%	-16.01%	7.51%	-44.34%	128.02%	-44.79%	20.14%	19.63%	168.00%	-80.29%
NOPAT Q/Q Growth	-76.13%	-27.14%	11.05%	-6.64%	-9.77%	34.28%	-43.70%	30.86%	1.75%	220.22%	-79.97%
Net Income Q/Q Growth	-69.08%	-8.98%	-18.12%	-2.43%	0.66%	12.99%	-45.46%	20.81%	-18.43%	253.97%	-92.33%
EPS Q/Q Growth	-67.57%	-14.58%	-17.07%	-14.71%	17.24%	11.76%	-44.74%	19.05%	-24.00%	273.68%	-92.96%
Operating Cash Flow Q/Q Growth	-106.25%	768.55%	-83.01%	530.34%	-117.76%	539.57%	-48.20%	70.64%	-29.36%	-31.25%	354.39%
Free Cash Flow Firm Q/Q Growth	-32.68%	-148.91%	74.37%	-754.12%	-219.06%	39.75%	7.41%	-27.99%	-7.10%	39.70%	13.65%
Invested Capital Q/Q Growth	5.45%	49.49%	4.84%	-7.14%	69.07%	-1.62%	-1.09%	5.05%	42.83%	-9.11%	-8.39%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	-2.44%	5.12%	7.30%	8.19%	5.47%	9.80%	8.45%	10.67%	11.97%	23.79%	9.61%
Operating Margin	6.63%	4.06%	5.39%	5.92%	4.95%	6.10%	4.54%	6.45%	6.67%	17.78%	4.83%
EBIT Margin	-3.62%	4.06%	5.65%	6.44%	3.48%	7.65%	5.57%	7.20%	8.19%	19.80%	4.83%
Profit (Net Income) Margin	7.65%	5.93%	5.84%	6.04%	5.91%	6.43%	4.62%	6.01%	4.66%	14.88%	1.41%
Tax Burden Percent	84.26%	85.48%	85.71%	77.23%	81.13%	85.07%	84.81%	84.13%	78.60%	85.20%	77.76%
Interest Burden Percent	-250.99%	171.07%	120.50%	121.35%	208.90%	98.73%	97.81%	99.15%	72.36%	88.17%	37.61%
Effective Tax Rate	15.74%	14.52%	14.29%	22.77%	18.87%	14.93%	15.19%	15.87%	21.40%	14.80%	22.24%
Return on Invested Capital (ROIC)	33.85%	18.09%	22.03%	25.22%	15.17%	16.52%	11.40%	14.99%	8.90%	25.85%	6.56%
ROIC Less NNEP Spread (ROIC-NNEP)	31.92%	15.03%	20.73%	24.06%	13.00%	14.77%	10.53%	14.36%	-15.24%	27.59%	14.94%
Return on Net Nonoperating Assets (RNNOA)	-19.14%	-7.96%	-10.30%	-14.70%	-5.69%	-5.41%	-3.72%	-4.96%	-0.15%	-1.90%	-1.49%
Return on Equity (ROE)	14.71%	10.13%	11.73%	10.52%	9.48%	11.12%	7.68%	10.03%	8.75%	23.96%	5.07%
Cash Return on Invested Capital (CROIC)	88.64%	28.12%	32.31%	-17.25%	-68.77%	-32.64%	-28.74%	-40.81%	-28.99%	-16.68%	-8.60%
Operating Return on Assets (OROA)	-6.19%	6.64%	9.45%	9.72%	4.87%	9.92%	7.26%	8.66%	8.12%	19.07%	4.66%
Return on Assets (ROA)	13.09%	9.70%	9.76%	9.11%	8.25%	8.33%	6.02%	7.22%	4.62%	14.33%	1.36%
Return on Common Equity (ROCE)	8.28%	5.71%	6.60%	5.93%	5.37%	6.28%	4.35%	5.68%	4.96%	13.45%	2.86%
Return on Equity Simple (ROE_SIMPLE)	0.00%	53.56%	41.60%	24.10%	0.00%	21.83%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	12	9.08	10	9.40	8.48	11	6.41	8.39	8.54	27	5.47
NOPAT Margin	5.59%	3.47%	4.62%	4.57%	4.01%	5.19%	3.85%	5.42%	5.24%	15.15%	3.76%
Net Nonoperating Expense Percent (NNEP)	1.93%	3.07%	1.30%	1.16%	2.17%	1.75%	0.87%	0.63%	24.14%	-1.74%	-8.38%
Return On Investment Capital (ROIC_SIMPLE)	-	2.11%	-	-	-	2.24%	1.28%	1.67%	1.46%	4.96%	1.01%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	3.51%	3.64%	5.35%	5.55%	5.29%	5.14%	6.75%	6.22%	6.35%	5.51%	7.38%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	93.37%	95.94%	94.61%	94.08%	95.68%	93.90%	95.46%	93.55%	91.24%	82.22%	95.17%
Earnings before Interest and Taxes (EBIT)	-8.07	11	12	13	7.37	17	9.28	11	13	36	7.04
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-5.43	13	16	17	12	21	14	17	19	43	14
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.96	3.37	3.04	2.94	3.33	2.71	1.96	2.19	2.14	2.00	2.12
Price to Tangible Book Value (P/TBV)	2.98	5.49	4.91	4.75	5.43	4.40	3.18	3.69	3.75	3.39	3.61
Price to Revenue (P/Rev)	0.74	0.83	0.75	0.78	0.88	0.75	0.57	0.68	0.69	0.70	0.75
Price to Earnings (P/E)	12.42	14.05	16.22	27.64	34.18	28.52	22.70	26.02	27.64	19.84	23.22
Dividend Yield	7.13%	6.23%	6.92%	7.43%	6.82%	8.68%	12.46%	11.30%	11.80%	12.43%	11.95%
Earnings Yield	8.05%	7.12%	6.16%	3.62%	2.93%	3.51%	4.41%	3.84%	3.62%	5.04%	4.31%
Enterprise Value to Invested Capital (EV/IC)	4.43	3.79	3.29	3.33	2.65	2.23	1.69	1.80	1.53	1.52	1.62
Enterprise Value to Revenue (EV/Rev)	0.63	0.80	0.72	0.73	1.00	0.87	0.69	0.83	1.07	1.02	1.03
Enterprise Value to EBITDA (EV/EBITDA)	4.88	6.46	6.06	9.50	14.49	10.61	8.09	9.12	10.49	7.30	7.16
Enterprise Value to EBIT (EV/EBIT)	5.33	7.09	6.73	11.58	18.79	13.78	10.82	12.67	14.86	9.77	9.89
Enterprise Value to NOPAT (EV/NOPAT)	6.24	8.72	8.44	16.18	24.10	18.86	15.68	18.15	21.54	13.38	13.29
Enterprise Value to Operating Cash Flow (EV/OCF)	5.55	6.99	6.92	10.62	14.56	13.11	8.60	11.41	9.91	11.05	6.83
Enterprise Value to Free Cash Flow (EV/FCFF)	4.31	14.79	10.60	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.01	0.01	0.02	0.21	0.21	0.21	0.22	0.46	0.33	0.34
Long-Term Debt to Equity	0.00	0.01	0.01	0.01	0.21	0.20	0.21	0.22	0.38	0.33	0.34
Financial Leverage	-0.60	-0.53	-0.50	-0.61	-0.44	-0.37	-0.35	-0.35	0.01	-0.07	-0.10
Leverage Ratio	1.42	1.50	1.43	1.42	1.52	1.56	1.47	1.50	1.73	1.65	1.63
Compound Leverage Factor	-3.56	2.56	1.73	1.72	3.18	1.54	1.44	1.49	1.25	1.45	0.61
Debt to Total Capital	0.00%	1.10%	1.11%	1.72%	17.14%	17.22%	17.25%	18.36%	31.44%	24.75%	25.27%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.60%	0.10%	0.29%	0.02%	0.00%	5.11%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	1.10%	1.11%	1.12%	17.04%	16.93%	17.23%	18.36%	26.33%	24.75%	25.27%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	43.34%	42.78%	42.59%	42.48%	35.92%	36.28%	36.03%	35.50%	29.73%	33.04%	32.67%
Common Equity to Total Capital	56.66%	56.12%	56.30%	55.80%	46.93%	46.50%	46.72%	46.14%	38.82%	42.21%	42.05%
Debt to EBITDA	0.00	0.04	0.04	0.11	1.41	1.26	1.26	1.35	2.58	1.47	1.47
Net Debt to EBITDA	0.00	-1.83	-1.80	-3.18	-1.27	-1.24	-1.27	-0.95	1.26	0.35	0.06
Long-Term Debt to EBITDA	0.00	0.04	0.04	0.07	1.40	1.24	1.26	1.35	2.16	1.47	1.47
Debt to NOPAT	0.00	0.05	0.06	0.18	2.34	2.23	2.45	2.69	5.29	2.69	2.73
Net Debt to NOPAT	0.00	-2.47	-2.50	-5.41	-2.12	-2.20	-2.46	-1.89	2.59	0.64	0.11
Long-Term Debt to NOPAT	0.00	0.05	0.06	0.12	2.33	2.20	2.45	2.69	4.43	2.69	2.73
Altman Z-Score	5.86	5.36	5.95	5.32	4.15	3.90	3.69	3.70	2.97	3.25	3.09
Noncontrolling Interest Sharing Ratio	43.70%	43.59%	43.73%	43.58%	43.35%	43.54%	43.30%	43.35%	43.36%	43.86%	43.63%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.66	2.58	3.25	2.72	2.20	2.19	2.51	2.27	1.64	1.82	1.73
Quick Ratio	3.59	2.51	3.12	2.65	2.07	2.03	2.34	2.11	1.52	1.69	1.59
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	56	-27	-7.03	-60	-192	-115	-107	-137	-147	-88	-76
Operating Cash Flow to CapEx	-592.20%	2,665.27%	678.00%	4,268.04%	-7.94%	1,703.81%	1,958.46%	100.78%	10.74%	1,019.45%	1,795.00%
Free Cash Flow to Firm to Interest Expense	0.00	-2,493.83	0.00	0.00	0.00	-165.17	-122.73	-128.84	-28.86	-28.52	-29.22
Operating Cash Flow to Interest Expense	0.00	2,721.00	0.00	0.00	0.00	35.81	14.89	20.83	3.08	3.47	18.70
Operating Cash Flow Less CapEx to Interest Expense	0.00	2,618.91	0.00	0.00	0.00	33.71	14.13	0.16	-25.60	3.13	17.66
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.71	1.64	1.67	1.51	1.40	1.30	1.30	1.20	0.99	0.96	0.96
Accounts Receivable Turnover	8.74	8.32	9.53	9.04	7.31	7.26	9.07	8.22	6.58	5.74	7.44
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	242.37	105.24	99.52	84.80	21.89	18.67	17.73	14.05	4.61	4.37	4.25
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	41.75	43.89	38.30	40.37	49.96	50.31	40.25	44.43	55.43	63.54	49.06
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	41.75	43.89	38.30	40.37	49.96	50.31	40.25	44.43	55.43	63.54	49.06
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	137	205	215	199	337	332	328	345	492	447	410
Invested Capital Turnover	6.06	5.22	4.77	5.51	3.78	3.18	2.96	2.76	1.70	1.71	1.74
Increase / (Decrease) in Invested Capital	-44	37	17	69	200	127	113	145	155	116	82
Enterprise Value (EV)	607	776	706	664	894	741	554	621	751	679	665
Market Capitalization	710	812	733	704	790	642	460	508	486	464	483
Book Value per Share	$7.59	$14.60	$7.62	$7.55	$7.49	$7.44	$7.36	$7.26	$7.14	$7.26	$7.10
Tangible Book Value per Share	$7.53	$8.96	$4.71	$4.67	$4.59	$4.58	$4.54	$4.32	$4.07	$4.27	$4.17
Total Capital	424	429	429	429	506	509	501	501	586	551	541
Total Debt	0.00	4.73	4.76	7.38	87	88	86	92	184	136	137
Total Long-Term Debt	0.00	4.73	4.76	4.79	86	86	86	92	154	136	137
Net Debt	-287	-220	-209	-222	-79	-86	-87	-65	90	33	5.39
Capital Expenditures (CapEx)	0.76	1.12	0.75	0.75	72	1.47	0.66	22	146	1.05	2.72
Debt-free, Cash-free Net Working Capital (DFCFNWC)	13	-2.80	9.29	-5.94	20	12	9.66	2.64	43	28	-4.96
Debt-free Net Working Capital (DFNWC)	281	200	201	202	161	160	147	124	105	78	75
Net Working Capital (NWC)	281	200	201	199	161	158	147	124	75	78	75
Net Nonoperating Expense (NNE)	-4.60	-6.45	-2.64	-3.00	-4.00	-2.72	-1.28	-0.90	0.96	0.50	3.42
Net Nonoperating Obligations (NNO)	-287	-220	-209	-222	-82	-90	-87	-65	90	33	5.39
Total Depreciation and Amortization (D&A)	2.64	2.78	3.58	3.59	4.19	4.70	4.81	5.36	6.17	7.20	6.96
Debt-free, Cash-free Net Working Capital to Revenue	1.32%	-0.29%	0.95%	-0.65%	2.19%	1.43%	1.20%	0.35%	6.05%	4.25%	-0.77%
Debt-free Net Working Capital to Revenue	29.17%	20.51%	20.50%	22.26%	17.98%	18.71%	18.26%	16.48%	14.90%	11.67%	11.68%
Net Working Capital to Revenue	29.17%	20.51%	20.50%	21.97%	17.93%	18.53%	18.25%	16.48%	10.64%	11.67%	11.68%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.47	$0.42	$0.35	$0.29	$0.32	$0.38	$0.21	$0.25	$0.19	$0.71	$0.05
Adjusted Weighted Average Basic Shares Outstanding	16.43M	16.51M	16.52M	16.54M	16.53M	16.61M	16.62M	16.66M	16.64M	16.74M	16.75M
Adjusted Diluted Earnings per Share	$0.48	$0.41	$0.34	$0.29	$0.34	$0.38	$0.21	$0.25	$0.19	$0.71	$0.05
Adjusted Weighted Average Diluted Shares Outstanding	16.43M	31.51M	31.54M	16.54M	16.53M	16.61M	16.62M	16.66M	16.64M	16.74M	16.75M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	31.71M	31.71M	31.73M	31.72M	31.85M	31.84M	31.88M	31.87M	32.06M	32.06M	32.09M
Normalized Net Operating Profit after Tax (NOPAT)	16	11	11	11	13	11	7.77	10	13	29	7.83
Normalized NOPAT Margin	7.01%	4.39%	4.90%	5.18%	6.12%	5.24%	4.66%	6.56%	8.06%	16.07%	5.37%
Pre Tax Income Margin	9.08%	6.94%	6.81%	7.82%	7.28%	7.56%	5.44%	7.14%	5.92%	17.46%	1.82%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	965.27	0.00	0.00	0.00	24.03	10.65	10.49	2.63	11.53	2.70
NOPAT to Interest Expense	0.00	825.08	0.00	0.00	0.00	16.29	7.36	7.90	1.68	8.82	2.10
EBIT Less CapEx to Interest Expense	0.00	863.18	0.00	0.00	0.00	21.93	9.89	-10.18	-26.05	11.19	1.65
NOPAT Less CapEx to Interest Expense	0.00	722.99	0.00	0.00	0.00	14.19	6.60	-12.77	-26.99	8.48	1.06
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	60.05%	59.68%	75.23%	112.35%	114.10%	116.61%	131.93%	141.20%	159.77%	118.67%	130.29%
Augmented Payout Ratio	60.62%	60.24%	76.01%	113.57%	116.24%	118.80%	134.16%	143.83%	162.10%	120.48%	132.38%

Financials Breakdown Chart

Key Financial Trends

The RMR Group (NASDAQ: RMR) has seen a meaningful shift in its financial profile over the last several years. Revenue has been lower in the most recent quarters than the unusually strong levels reported in 2023, but profitability and operating cash flow improved sharply in early 2026 compared with the prior year. At the same time, the company continues to carry a large liability and noncontrolling interest burden, and its cash balance has become more volatile quarter to quarter.

Q2 2026 operating cash flow was strong at $48.8 million, up sharply from $10.7 million in Q1 2026 and $15.6 million in Q4 2025.
Q2 2026 net income attributable to common shareholders was $1.0 million, a swing from a loss-like compression in operating performance earlier in the year and a sharp improvement in quarterly profitability trends.
Cash and equivalents rose to $80.1 million in Q2 2026 from $49.3 million in Q1 2026, helped by strong operating cash generation.
The company has maintained positive full-year retained earnings of $467.0 million in Q2 2026, indicating a long-term history of accumulated profits.
Long-term debt was relatively stable in Q2 2026 at $136.8 million, only slightly above Q1 2026 levels.
Revenue in Q2 2026 was $145.6 million, down from $180.4 million in Q1 2026 and below the stronger revenue levels seen in 2023.
Operating income in Q2 2026 was only $7.0 million, showing that margins remain sensitive to non-operating and special items.
The balance sheet still includes significant goodwill and intangible assets, totaling roughly $93.8 million combined in Q2 2026.
Q2 2026 total liabilities were $280.2 million, which remains substantial relative to the company’s common equity of $227.6 million.
Noncontrolling interest is very large at $176.8 million, which means a sizable portion of consolidated earnings does not flow to common shareholders.
Quarterly revenue has generally trended lower from the 2023 peak, when revenue frequently exceeded $200 million per quarter, to the mid-$100 million range in 2025-2026.
The company continues to pay meaningful dividends, with $14.5 million paid in Q2 2026, which reduces cash available for reinvestment.

Longer-term trend: RMR’s income statement shows a clear decline from the very strong revenue and earnings levels seen in 2023. Q3 2023 was especially strong, with revenue of $280.2 million and common shareholders’ net income of $24.6 million. By comparison, 2025 and early 2026 quarters were more subdued, with revenue generally between $145 million and $180 million. That said, the most recent quarters show a recovery in operating cash flow and a return to modest profitability.

Cash flow picture: RMR can still generate solid operating cash, but investing and financing uses remain heavy. In Q2 2026, the company generated $48.8 million from operations, spent $3.7 million on investing activities, and used $14.3 million in financing activities, mainly dividends. This pattern suggests the business is still cash-generative, but distributions and capital deployment consume a meaningful portion of that cash.

Balance sheet picture: The company ended Q2 2026 with $684.6 million in assets, $280.2 million in liabilities, and $404.4 million in equity and noncontrolling interests. The common equity base is positive, but the large noncontrolling interest and other equity adjustments complicate the capital structure. Overall, RMR appears financially stable, but the earnings base has become less robust than it was two years ago.

07/14/26 03:19 AM ETAI Generated. May Contain Errors.

The RMR Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, The RMR Group's financial year ends in September. Their financial year 2025 ended on September 30, 2025.

The RMR Group's net income appears to be on a downward trend, with a most recent value of $38.68 million in 2025, falling from $77.42 million in 2015. The previous period was $53.13 million in 2024. View The RMR Group's forecast to see where analysts expect The RMR Group to go next.

The RMR Group's total operating income in 2025 was $41.78 million, based on the following breakdown:

Total Gross Profit: $703.69 million
Total Operating Expenses: $658.50 million

Over the last 10 years, The RMR Group's total revenue changed from $192.94 million in 2015 to $703.69 million in 2025, a change of 264.7%.

The RMR Group's total liabilities were at $316.23 million at the end of 2025, a 12.5% increase from 2024, and a 250.4% increase since 2015.

In the past 10 years, The RMR Group's cash and equivalents has ranged from $34.50 million in 2015 to $369.66 million in 2020, and is currently $62.30 million as of their latest financial filing in 2025.

Over the last 10 years, The RMR Group's book value per share changed from 6.30 in 2015 to 7.14 in 2025, a change of 13.4%.

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Financial statements for NASDAQ:RMR last updated on 7/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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The RMR Group (RMR) Financials

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The RMR Group (RMR) Financials

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