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

$17.73 -0.33 (-1.83%)

Closing price 04:00 PM Eastern

Extended Trading

$17.74 +0.01 (+0.06%)

As of 07:30 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	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	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	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	7.00	5.86	4.94	5.34	6.38	3.62	4.19	3.41	12	1.01	3.20
Consolidated Net Income / (Loss)	16	13	12	12	14	7.69	9.30	7.58	27	2.06	7.39
Net Income / (Loss) Continuing Operations	16	13	12	12	14	7.69	9.30	7.58	27	2.06	7.39
Total Pre-Tax Income	18	15	16	15	17	9.07	11	9.65	31	2.65	9.29
Total Operating Income	11	12	12	10	13	7.56	9.97	11	32	7.04	-9.27
Total Gross Profit	262	218	206	211	219	167	155	163	180	146	154
Total Revenue	262	218	206	211	219	167	155	163	180	146	154
Operating Revenue	262	218	206	211	219	167	155	163	180	146	154
Total Cost of Revenue	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00
Total Operating Expenses	251	206	193	202	206	159	145	149	148	139	163
Selling, General & Admin Expense	9.51	12	11	11	11	11	9.63	10	9.95	11	11
Depreciation Expense	0.42	1.22	1.23	1.83	2.35	2.46	3.01	3.74	4.69	4.45	4.41
Other Operating Expenses / (Income)	238	192	179	184	192	144	130	129	132	120	123
Impairment Charge	-	-	-	-	-	-	0.00	-	-	-	19
Other Special Charges / (Income)	2.83	0.70	1.61	5.48	0.13	1.61	2.09	5.84	1.96	3.03	5.64
Total Other Income / (Expense), net	7.55	2.71	3.81	6.25	3.20	1.51	1.08	-4.62	-0.59	-4.39	19
Interest Expense	0.01	0.08	0.08	-	0.70	0.87	1.06	5.08	3.10	2.61	3.21
Interest & Investment Income	7.56	3.09	2.83	10	0.49	0.67	0.97	-2.01	-1.13	-1.78	22
Other Income / (Expense), net	0.00	-0.30	1.06	-3.09	3.41	1.72	1.17	2.47	3.64	0.00	0.00
Income Tax Expense	2.64	2.12	3.66	2.90	2.48	1.38	1.75	2.06	4.66	0.59	1.90
Net Income / (Loss) Attributable to Noncontrolling Interest	8.53	6.85	7.47	7.15	7.73	4.08	5.11	4.17	15	1.05	4.19
Basic Earnings per Share	$0.42	$0.35	$0.29	$0.32	$0.38	$0.21	$0.25	$0.19	$0.71	$0.05	$0.18
Weighted Average Basic Shares Outstanding	16.51M	16.52M	16.54M	16.53M	16.61M	16.62M	16.66M	16.64M	16.74M	16.75M	16.79M
Diluted Earnings per Share	$0.41	$0.34	$0.29	$0.34	$0.38	$0.21	$0.25	$0.19	$0.71	$0.05	$0.18
Weighted Average Diluted Shares Outstanding	31.51M	31.54M	16.54M	16.53M	16.61M	16.62M	16.66M	16.64M	16.74M	16.75M	16.79M
Weighted Average Basic & Diluted Shares Outstanding	31.71M	31.73M	31.72M	31.85M	31.84M	31.88M	31.87M	32.06M	32.06M	32.09M	32.08M

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	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	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	6/30/2026
Net Change in Cash & Equivalents	-66	-10	16	-66	5.98	-10	-16	-59	-13	31	-22
Net Cash From Operating Activities	30	5.09	32	-5.69	25	13	22	16	11	49	23
Net Cash From Continuing Operating Activities	30	5.09	32	-5.69	25	13	22	16	11	49	23
Net Income / (Loss) Continuing Operations	16	13	12	12	14	7.69	9.30	7.58	27	2.06	7.39
Consolidated Net Income / (Loss)	16	13	12	12	14	7.69	9.30	7.58	27	2.06	7.39
Depreciation Expense	0.42	1.22	1.23	1.83	2.35	2.46	3.01	3.74	4.69	4.45	4.41
Amortization Expense	2.35	2.35	2.35	2.35	2.35	2.35	2.35	2.42	2.52	2.51	1.92
Non-Cash Adjustments To Reconcile Net Income	-2.94	1.44	-12	13	2.01	2.01	1.45	5.14	2.74	4.91	0.90
Changes in Operating Assets and Liabilities, net	15	-13	29	-36	4.21	-1.55	6.02	-3.26	-26	35	8.75
Net Cash From Investing Activities	-80	-0.75	-0.75	-128	-3.64	-7.50	-28	-145	36	-3.71	-57
Net Cash From Continuing Investing Activities	-80	-0.75	-0.75	-128	-3.64	-7.50	-28	-145	36	-3.71	-57
Purchase of Property, Plant & Equipment	-1.12	-0.75	-0.75	-72	-1.47	-0.66	-22	-146	-1.05	-2.72	-1.06
Acquisitions	-79	-	-	-0.21	-0.77	-11	-0.10	-	-25	-0.99	-56
Net Cash From Financing Activities	-16	-15	-15	68	-15	-16	-9.94	70	-60	-14	12
Net Cash From Continuing Financing Activities	-16	-15	-15	68	-15	-16	-9.94	70	-60	-14	12
Repayment of Debt	0.00	-	-	-	-0.14	-	-0.03	-4.71	-45	-	-25
Repurchase of Common Equity	-0.01	-0.11	-0.03	-0.99	-0.01	-0.02	-0.13	-0.74	-0.04	-0.05	-0.03
Payment of Dividends	-16	-15	-15	-15	-15	-16	-15	-15	-14	-14	-14
Issuance of Debt	-	-	-	-	-	-	-	93	-	-	52
Cash Interest Paid	0.00	-	-	-	1.43	1.53	1.53	1.91	3.12	1.47	2.54
Cash Income Taxes Paid	0.22	6.32	1.83	0.78	0.01	3.81	0.43	1.50	1.03	1.40	1.61

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	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	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	6/30/2026
Total Assets	592	601	625	584	602	693	650	648	687	685	714
Total Current Assets	322	404	326	291	315	291	244	221	172	178	153
Cash & Equivalents	198	295	202	192	208	148	137	121	49	80	58
Note & Lease Receivable	-	-	-	-	-	-	-	-	0.00	0.00	0.00
Accounts Receivable	119	102	114	87	99	121	90	84	110	83	80
Prepaid Expenses	5.53	6.49	9.27	12	8.62	13	17	16	13	14	15
Plant, Property, & Equipment, net	4.54	5.50	15	15	16	77	76	91	227	227	226
Total Noncurrent Assets	265	192	285	277	271	325	330	336	288	280	335
Long-Term Investments	-	-	22	22	22	26	36	35	55	51	136
Noncurrent Note & Lease Receivables	29	-	-	-	-	58	58	64	0.00	0.00	0.00
Goodwill	2.04	2.03	72	72	72	72	72	72	72	72	72
Intangible Assets	-	-	21	20	20	19	18	22	24	22	20
Noncurrent Deferred & Refundable Income Taxes	13	19	17	17	17	14	14	14	13	12	14
Other Noncurrent Operating Assets	221	171	153	146	142	135	132	129	125	122	92
Total Liabilities & Shareholders' Equity	592	601	625	584	602	693	650	648	687	685	714
Total Liabilities	197	176	201	160	181	271	235	239	272	280	315
Total Current Liabilities	118	121	126	90	116	133	97	97	94	102	110
Short-Term Debt	-	-	-	-	2.59	1.50	0.12	0.00	0.00	0.00	0.00
Accounts Payable	23	40	42	33	43	41	38	45	38	45	55
Other Current Liabilities	86	79	84	57	71	85	59	52	56	57	54
Total Noncurrent Liabilities	79	55	75	70	65	138	138	141	178	178	205
Long-Term Debt	-	-	4.73	4.76	4.79	86	86	92	136	137	164
Noncurrent Deferred & Payable Income Tax Liabilities	23	23	21	21	21	18	18	18	16	16	16
Noncurrent Employee Benefit Liabilities	29	6.63	-	-	4.88	6.16	5.65	6.01	9.34	9.79	11
Other Noncurrent Operating Liabilities	27	25	49	44	34	27	27	25	16	15	14
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	396	425	425	424	422	422	415	409	415	404	399
Total Preferred & Common Equity	220	238	241	242	239	237	234	231	233	228	224
Total Common Equity	220	238	241	242	239	237	234	231	233	228	224
Common Stock	115	116	117	118	118	119	121	121	122	124	124
Retained Earnings	381	405	420	426	431	443	446	450	466	467	470
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-	-	-	-	-	-0.14	0.22	0.38
Other Equity Adjustments	-276	-282	-296	-302	-310	-325	-333	-340	-356	-363	-371
Noncontrolling Interest	176	187	184	183	182	185	181	178	182	177	174

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	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	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	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	31,844,688.00	31,877,246.00	31,869,689.00	-	32,058,177.00	32,093,381.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	31,844,688.00	31,877,246.00	31,869,689.00	-	32,058,177.00	32,093,381.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	0.11	0.13	0.11	-	0.03	0.10
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.37%	4.48%	-26.67%	-5.17%	-16.13%	-23.53%	-24.77%	-23.31%	-17.79%	-12.62%	-0.78%
EBITDA Growth	-23.79%	-67.30%	-73.52%	312.74%	60.50%	-8.56%	-2.37%	21.88%	99.67%	-0.61%	-117.81%
EBIT Growth	-29.00%	-73.21%	-78.26%	191.33%	58.20%	-21.58%	-16.31%	12.89%	112.67%	-24.09%	-183.21%
NOPAT Growth	-47.41%	-33.96%	-81.98%	-31.91%	25.49%	-38.31%	-11.32%	5.40%	140.03%	-14.61%	-187.91%
Net Income Growth	9.03%	-69.22%	-77.52%	-26.80%	-9.13%	-39.48%	-25.06%	-39.28%	90.23%	-73.24%	-20.52%
EPS Growth	10.81%	-69.37%	-80.41%	-29.17%	-7.32%	-38.24%	-13.79%	-44.12%	86.84%	-76.19%	-28.00%
Operating Cash Flow Growth	6.52%	-63.72%	-55.22%	-27.18%	-16.38%	154.97%	-30.98%	374.46%	-57.07%	276.58%	5.62%
Free Cash Flow Firm Growth	-231.12%	26.51%	-172.10%	-441.68%	-320.88%	-1,494.04%	-128.05%	23.68%	23.46%	28.62%	77.55%
Invested Capital Growth	21.69%	8.65%	53.46%	146.04%	61.93%	52.77%	72.83%	46.00%	34.88%	24.93%	6.77%
Revenue Q/Q Growth	17.39%	-16.79%	-5.63%	2.88%	3.82%	-24.06%	-7.16%	5.23%	10.82%	-19.29%	5.41%
EBITDA Q/Q Growth	346.64%	-8.87%	5.89%	-31.32%	86.07%	-34.48%	17.16%	18.13%	120.19%	-67.39%	-120.99%
EBIT Q/Q Growth	231.64%	-16.01%	7.51%	-44.34%	128.02%	-44.79%	20.14%	19.63%	168.00%	-80.29%	-231.69%
NOPAT Q/Q Growth	-27.14%	11.05%	-6.64%	-9.77%	34.28%	-43.70%	30.86%	1.75%	220.22%	-79.97%	-234.73%
Net Income Q/Q Growth	-8.98%	-18.12%	-2.43%	0.66%	12.99%	-45.46%	20.81%	-18.43%	253.97%	-92.33%	258.82%
EPS Q/Q Growth	-14.58%	-17.07%	-14.71%	17.24%	11.76%	-44.74%	19.05%	-24.00%	273.68%	-92.96%	260.00%
Operating Cash Flow Q/Q Growth	768.55%	-83.01%	530.34%	-117.76%	539.57%	-48.20%	70.64%	-29.36%	-31.25%	354.39%	-52.14%
Free Cash Flow Firm Q/Q Growth	-148.91%	74.37%	-754.12%	-219.06%	39.75%	7.41%	-27.99%	-7.10%	39.70%	13.65%	59.74%
Invested Capital Q/Q Growth	49.49%	4.84%	-7.14%	69.07%	-1.62%	-1.09%	5.05%	42.83%	-9.11%	-8.39%	-10.22%
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	5.12%	7.30%	8.19%	5.47%	9.80%	8.45%	10.67%	11.97%	23.79%	9.61%	-1.91%
Operating Margin	4.06%	5.39%	5.92%	4.95%	6.10%	4.54%	6.45%	6.67%	17.78%	4.83%	-6.04%
EBIT Margin	4.06%	5.65%	6.44%	3.48%	7.65%	5.57%	7.20%	8.19%	19.80%	4.83%	-6.04%
Profit (Net Income) Margin	5.93%	5.84%	6.04%	5.91%	6.43%	4.62%	6.01%	4.66%	14.88%	1.41%	4.81%
Tax Burden Percent	85.48%	85.71%	77.23%	81.13%	85.07%	84.81%	84.13%	78.60%	85.20%	77.76%	79.55%
Interest Burden Percent	171.07%	120.50%	121.35%	208.90%	98.73%	97.81%	99.15%	72.36%	88.17%	37.61%	-100.16%
Effective Tax Rate	14.52%	14.29%	22.77%	18.87%	14.93%	15.19%	15.87%	21.40%	14.80%	22.24%	20.45%
Return on Invested Capital (ROIC)	18.09%	22.03%	25.22%	15.17%	16.52%	11.40%	14.99%	8.90%	25.85%	6.56%	-8.66%
ROIC Less NNEP Spread (ROIC-NNEP)	15.03%	20.73%	24.06%	13.00%	14.77%	10.53%	14.36%	-15.24%	27.59%	14.94%	-39.64%
Return on Net Nonoperating Assets (RNNOA)	-7.96%	-10.30%	-14.70%	-5.69%	-5.41%	-3.72%	-4.96%	-0.15%	-1.90%	-1.49%	4.68%
Return on Equity (ROE)	10.13%	11.73%	10.52%	9.48%	11.12%	7.68%	10.03%	8.75%	23.96%	5.07%	-3.99%
Cash Return on Invested Capital (CROIC)	28.12%	32.31%	-17.25%	-68.77%	-32.64%	-28.74%	-40.81%	-28.99%	-16.68%	-8.60%	2.89%
Operating Return on Assets (OROA)	6.64%	9.45%	9.72%	4.87%	9.92%	7.26%	8.66%	8.12%	19.07%	4.66%	-5.70%
Return on Assets (ROA)	9.70%	9.76%	9.11%	8.25%	8.33%	6.02%	7.22%	4.62%	14.33%	1.36%	4.54%
Return on Common Equity (ROCE)	5.71%	6.60%	5.93%	5.37%	6.28%	4.35%	5.68%	4.96%	13.45%	2.86%	-2.25%
Return on Equity Simple (ROE_SIMPLE)	53.56%	41.60%	24.10%	0.00%	21.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	9.08	10	9.40	8.48	11	6.41	8.39	8.54	27	5.47	-7.38
NOPAT Margin	3.47%	4.62%	4.57%	4.01%	5.19%	3.85%	5.42%	5.24%	15.15%	3.76%	-4.80%
Net Nonoperating Expense Percent (NNEP)	3.07%	1.30%	1.16%	2.17%	1.75%	0.87%	0.63%	24.14%	-1.74%	-8.38%	30.98%
Return On Investment Capital (ROIC_SIMPLE)	2.11%	-	-	-	2.24%	1.28%	1.67%	1.46%	4.96%	1.01%	-1.31%
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	3.64%	5.35%	5.55%	5.29%	5.14%	6.75%	6.22%	6.35%	5.51%	7.38%	6.95%
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	95.94%	94.61%	94.08%	95.68%	93.90%	95.46%	93.55%	91.24%	82.22%	95.17%	106.04%
Earnings before Interest and Taxes (EBIT)	11	12	13	7.37	17	9.28	11	13	36	7.04	-9.27
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	13	16	17	12	21	14	17	19	43	14	-2.94
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.37	3.04	2.94	3.33	2.71	1.96	2.19	2.14	2.00	2.12	2.87
Price to Tangible Book Value (P/TBV)	5.49	4.91	4.75	5.43	4.40	3.18	3.69	3.75	3.39	3.61	4.88
Price to Revenue (P/Rev)	0.83	0.75	0.78	0.88	0.75	0.57	0.68	0.69	0.70	0.75	1.00
Price to Earnings (P/E)	14.05	16.22	27.64	34.18	28.52	22.70	26.02	27.64	19.84	23.22	32.54
Dividend Yield	6.23%	6.92%	7.43%	6.82%	8.68%	12.46%	11.30%	11.80%	12.43%	11.95%	8.96%
Earnings Yield	7.12%	6.16%	3.62%	2.93%	3.51%	4.41%	3.84%	3.62%	5.04%	4.31%	3.07%
Enterprise Value to Invested Capital (EV/IC)	3.79	3.29	3.33	2.65	2.23	1.69	1.80	1.53	1.52	1.62	2.14
Enterprise Value to Revenue (EV/Rev)	0.80	0.72	0.73	1.00	0.87	0.69	0.83	1.07	1.02	1.03	1.23
Enterprise Value to EBITDA (EV/EBITDA)	6.46	6.06	9.50	14.49	10.61	8.09	9.12	10.49	7.30	7.16	10.73
Enterprise Value to EBIT (EV/EBIT)	7.09	6.73	11.58	18.79	13.78	10.82	12.67	14.86	9.77	9.89	16.84
Enterprise Value to NOPAT (EV/NOPAT)	8.72	8.44	16.18	24.10	18.86	15.68	18.15	21.54	13.38	13.29	23.43
Enterprise Value to Operating Cash Flow (EV/OCF)	6.99	6.92	10.62	14.56	13.11	8.60	11.41	9.91	11.05	6.83	8.00
Enterprise Value to Free Cash Flow (EV/FCFF)	14.79	10.60	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	76.52
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.01	0.01	0.02	0.21	0.21	0.21	0.22	0.46	0.33	0.34	0.41
Long-Term Debt to Equity	0.01	0.01	0.01	0.21	0.20	0.21	0.22	0.38	0.33	0.34	0.41
Financial Leverage	-0.53	-0.50	-0.61	-0.44	-0.37	-0.35	-0.35	0.01	-0.07	-0.10	-0.12
Leverage Ratio	1.50	1.43	1.42	1.52	1.56	1.47	1.50	1.73	1.65	1.63	1.69
Compound Leverage Factor	2.56	1.73	1.72	3.18	1.54	1.44	1.49	1.25	1.45	0.61	-1.69
Debt to Total Capital	1.10%	1.11%	1.72%	17.14%	17.22%	17.25%	18.36%	31.44%	24.75%	25.27%	29.13%
Short-Term Debt to Total Capital	0.00%	0.00%	0.60%	0.10%	0.29%	0.02%	0.00%	5.11%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	1.10%	1.11%	1.12%	17.04%	16.93%	17.23%	18.36%	26.33%	24.75%	25.27%	29.13%
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	42.78%	42.59%	42.48%	35.92%	36.28%	36.03%	35.50%	29.73%	33.04%	32.67%	31.01%
Common Equity to Total Capital	56.12%	56.30%	55.80%	46.93%	46.50%	46.72%	46.14%	38.82%	42.21%	42.05%	39.86%
Debt to EBITDA	0.04	0.04	0.11	1.41	1.26	1.26	1.35	2.58	1.47	1.47	2.23
Net Debt to EBITDA	-1.83	-1.80	-3.18	-1.27	-1.24	-1.27	-0.95	1.26	0.35	0.06	-0.42
Long-Term Debt to EBITDA	0.04	0.04	0.07	1.40	1.24	1.26	1.35	2.16	1.47	1.47	2.23
Debt to NOPAT	0.05	0.06	0.18	2.34	2.23	2.45	2.69	5.29	2.69	2.73	4.87
Net Debt to NOPAT	-2.47	-2.50	-5.41	-2.12	-2.20	-2.46	-1.89	2.59	0.64	0.11	-0.91
Long-Term Debt to NOPAT	0.05	0.06	0.12	2.33	2.20	2.45	2.69	4.43	2.69	2.73	4.87
Altman Z-Score	5.36	5.95	5.32	4.15	3.90	3.69	3.70	2.97	3.25	3.09	3.08
Noncontrolling Interest Sharing Ratio	43.59%	43.73%	43.58%	43.35%	43.54%	43.30%	43.35%	43.36%	43.86%	43.63%	43.62%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.58	3.25	2.72	2.20	2.19	2.51	2.27	1.64	1.82	1.73	1.40
Quick Ratio	2.51	3.12	2.65	2.07	2.03	2.34	2.11	1.52	1.69	1.59	1.26
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-27	-7.03	-60	-192	-115	-107	-137	-147	-88	-76	-31
Operating Cash Flow to CapEx	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%	2,200.38%
Free Cash Flow to Firm to Interest Expense	-2,493.83	0.00	0.00	0.00	-165.17	-122.73	-128.84	-28.86	-28.52	-29.22	-9.59
Operating Cash Flow to Interest Expense	2,721.00	0.00	0.00	0.00	35.81	14.89	20.83	3.08	3.47	18.70	7.29
Operating Cash Flow Less CapEx to Interest Expense	2,618.91	0.00	0.00	0.00	33.71	14.13	0.16	-25.60	3.13	17.66	6.96
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.64	1.67	1.51	1.40	1.30	1.30	1.20	0.99	0.96	0.96	0.94
Accounts Receivable Turnover	8.32	9.53	9.04	7.31	7.26	9.07	8.22	6.58	5.74	7.44	7.82
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	105.24	99.52	84.80	21.89	18.67	17.73	14.05	4.61	4.37	4.25	4.05
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)	43.89	38.30	40.37	49.96	50.31	40.25	44.43	55.43	63.54	49.06	46.66
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)	43.89	38.30	40.37	49.96	50.31	40.25	44.43	55.43	63.54	49.06	46.66
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	205	215	199	337	332	328	345	492	447	410	368
Invested Capital Turnover	5.22	4.77	5.51	3.78	3.18	2.96	2.76	1.70	1.71	1.74	1.80
Increase / (Decrease) in Invested Capital	37	17	69	200	127	113	145	155	116	82	23
Enterprise Value (EV)	776	706	664	894	741	554	621	751	679	665	788
Market Capitalization	812	733	704	790	642	460	508	486	464	483	645
Book Value per Share	$14.60	$7.62	$7.55	$7.49	$7.44	$7.36	$7.26	$7.14	$7.26	$7.10	$6.99
Tangible Book Value per Share	$8.96	$4.71	$4.67	$4.59	$4.58	$4.54	$4.32	$4.07	$4.27	$4.17	$4.12
Total Capital	429	429	429	506	509	501	501	586	551	541	562
Total Debt	4.73	4.76	7.38	87	88	86	92	184	136	137	164
Total Long-Term Debt	4.73	4.76	4.79	86	86	86	92	154	136	137	164
Net Debt	-220	-209	-222	-79	-86	-87	-65	90	33	5.39	-31
Capital Expenditures (CapEx)	1.12	0.75	0.75	72	1.47	0.66	22	146	1.05	2.72	1.06
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-2.80	9.29	-5.94	20	12	9.66	2.64	43	28	-4.96	-15
Debt-free Net Working Capital (DFNWC)	200	201	202	161	160	147	124	105	78	75	43
Net Working Capital (NWC)	200	201	199	161	158	147	124	75	78	75	43
Net Nonoperating Expense (NNE)	-6.45	-2.64	-3.00	-4.00	-2.72	-1.28	-0.90	0.96	0.50	3.42	-15
Net Nonoperating Obligations (NNO)	-220	-209	-222	-82	-90	-87	-65	90	33	5.39	-31
Total Depreciation and Amortization (D&A)	2.78	3.58	3.59	4.19	4.70	4.81	5.36	6.17	7.20	6.96	6.33
Debt-free, Cash-free Net Working Capital to Revenue	-0.29%	0.95%	-0.65%	2.19%	1.43%	1.20%	0.35%	6.05%	4.25%	-0.77%	-2.30%
Debt-free Net Working Capital to Revenue	20.51%	20.50%	22.26%	17.98%	18.71%	18.26%	16.48%	14.90%	11.67%	11.68%	6.76%
Net Working Capital to Revenue	20.51%	20.50%	21.97%	17.93%	18.53%	18.25%	16.48%	10.64%	11.67%	11.68%	6.76%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.42	$0.35	$0.29	$0.32	$0.38	$0.21	$0.25	$0.19	$0.71	$0.05	$0.18
Adjusted Weighted Average Basic Shares Outstanding	16.51M	16.52M	16.54M	16.53M	16.61M	16.62M	16.66M	16.64M	16.74M	16.75M	16.79M
Adjusted Diluted Earnings per Share	$0.41	$0.34	$0.29	$0.34	$0.38	$0.21	$0.25	$0.19	$0.71	$0.05	$0.18
Adjusted Weighted Average Diluted Shares Outstanding	31.51M	31.54M	16.54M	16.53M	16.61M	16.62M	16.66M	16.64M	16.74M	16.75M	16.79M
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	31.73M	31.72M	31.85M	31.84M	31.88M	31.87M	32.06M	32.06M	32.09M	32.08M
Normalized Net Operating Profit after Tax (NOPAT)	11	11	11	13	11	7.77	10	13	29	7.83	12
Normalized NOPAT Margin	4.39%	4.90%	5.18%	6.12%	5.24%	4.66%	6.56%	8.06%	16.07%	5.37%	8.00%
Pre Tax Income Margin	6.94%	6.81%	7.82%	7.28%	7.56%	5.44%	7.14%	5.92%	17.46%	1.82%	6.05%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	965.27	0.00	0.00	0.00	24.03	10.65	10.49	2.63	11.53	2.70	-2.89
NOPAT to Interest Expense	825.08	0.00	0.00	0.00	16.29	7.36	7.90	1.68	8.82	2.10	-2.30
EBIT Less CapEx to Interest Expense	863.18	0.00	0.00	0.00	21.93	9.89	-10.18	-26.05	11.19	1.65	-3.22
NOPAT Less CapEx to Interest Expense	722.99	0.00	0.00	0.00	14.19	6.60	-12.77	-26.99	8.48	1.06	-2.63
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	59.68%	75.23%	112.35%	114.10%	116.61%	131.93%	141.20%	159.77%	118.67%	130.29%	134.01%
Augmented Payout Ratio	60.24%	76.01%	113.57%	116.24%	118.80%	134.16%	143.83%	162.10%	120.48%	132.38%	135.94%

Financials Breakdown Chart

Key Financial Trends

The RMR Group’s recent results show a mixed financial picture. Revenue has declined significantly over the multi-year period, while operating cash flow remains positive and the company continues to pay regular dividends. However, Q3 2026 profitability was pressured by unusually high operating expenses, impairment charges and increased debt.

Operating cash flow remains healthy. Q3 2026 cash flow from operations was $23.4 million, up from $22.1 million in Q3 2025. Operating cash flow was also positive in each reported quarter from Q1 2025 through Q3 2026.
Interest and investment income provided meaningful support. Q3 2026 interest and investment income was $21.8 million, helping offset a $9.3 million operating loss and producing $7.4 million of consolidated net income.
The company continues to return cash to shareholders. RMR paid approximately $14.5 million in dividends during Q3 2026, consistent with quarterly dividend payments over the supplied period. Common-share repurchases have generally been modest.
Liquidity remains adequate in the near term. Q3 2026 current assets of $153.3 million exceeded current liabilities of $109.9 million, implying a current ratio of approximately 1.4.
Retained earnings have increased over the longer term. Retained earnings rose from $343.9 million in Q3 2022 to $470.2 million in Q3 2026, although recent quarterly earnings have been relatively weak.
Acquisitions and investments are changing the balance sheet. RMR spent $56.4 million on acquisitions in Q3 2026, while long-term investments increased to $136.2 million from $35.5 million in Q3 2025. These investments could support future growth, but their returns are not yet clear from the data.
Cash flow is volatile because of capital allocation decisions. Q3 2026 operating cash flow was positive, but $57.5 million of investing outflows and $14.5 million of dividends resulted in a $21.9 million decline in cash during the quarter.
Revenue has trended sharply lower over several years. Quarterly revenue declined from $280.2 million in Q3 2023 to $205.7 million in Q3 2024, $154.7 million in Q3 2025 and $153.5 million in Q3 2026. Q3 2026 revenue was essentially flat year over year and down 6.3% from Q2 2026.
Q3 2026 operating profitability deteriorated. The company reported a $9.3 million operating loss compared with $10.0 million of operating income in Q3 2025. Other operating expenses reached $123.0 million, and RMR recorded a $19.1 million impairment charge and $5.6 million of special charges.
Cash reserves have fallen while debt has increased. Cash declined from $121.3 million in Q3 2025 to $58.2 million in Q3 2026. Over the same period, long-term debt increased from $92.0 million to $163.8 million, including $51.7 million of debt issuance during Q3 2026. Common equity also declined from $231.3 million to $224.2 million.

Bottom line: RMR’s recurring cash generation and dividend support are positive, but the longer-term decline in revenue and the latest quarter’s operating loss are important concerns. Investors should monitor whether acquisition spending and higher investments produce sustainable revenue growth, while also watching debt levels and the company’s reduced cash balance.

10/02/26 11:31 PM 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. Check out The RMR Group's forecast to explore projected trends and price targets.

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%.

In the past 13 quarters, The RMR Group's cash and equivalents has ranged from $49.32 million in Q1 2026 to $295.42 million in Q3 2023, and is currently $58.20 million as of their latest financial filing in Q3 2026.

The RMR Group had total debt of $184.39 million at the end of 2025, a 112.5% increase from 2024, and none in 2015.

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 8/5/2026 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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