The RMR Group Inc.(RMR)Earnings, Financials & Key Ratios

RMR•NASDAQ•REIT / Real Estate

$19.50

$293M mkt cap·18.9× P/E·Price updated May 6, 2026

SectorReal Estate IndustryReal Estate Services Sub-IndustryProperty and facilities management services

AboutThe RMR Group Inc., through its subsidiary, The RMR Group LLC, provides business and property management services in the United States. The company provides management services to its four publicly traded real estate investment trusts and three real estate operating companies. It also provides investment advisory services. The company was formerly known as REIT Management & Research Inc. and changed its name to The RMR Group Inc. in September 2015. The RMR Group Inc. was founded in 1986 and is headquartered in Newton, Massachusetts.Show more

Revenue$700M-22.0%
FFO$29M+4.7%
FFO/Share1.75+4.0%
FFO Payout104.12%+2.0%
FFO per Share1.75+4.0%
NOI Margin76.91%+139.3%
FFO Margin4.16%+34.2%
ROE4.28%-21.9%
ROA2.48%-31.2%
Debt/Assets28.41%+74.1%
Net Debt/EBITDA2.66+584.0%
Book Value/Share24.15-4.8%

Technical→

RMR Key Insights

The RMR Group Inc. (RMR) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓FFO growing 27.2% TTM
✓High NOI margin of 76.9%
✓Trading near 52-week high
✓Trading at only 0.8x book value

✗Weaknesses

✗Dividend exceeds FFO - may not be sustainable
✗Dividend payout exceeds 100% of earnings

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

RMR Price & Volume

The RMR Group Inc. (RMR) stock price & volume — 10-year historical chart

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RMR Growth Metrics

The RMR Group Inc. (RMR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years13.76%

5 Years3.5%

3 Years-5.6%

TTM-22.74%

Profit CAGR

10 Years9.19%

5 Years-9.38%

3 Years-19.72%

TTM2.95%

EPS CAGR

10 Years8.39%

5 Years-13.52%

3 Years-25.29%

TTM3.01%

Return on Capital

10 Years27.45%

5 Years15.12%

3 Years13.59%

Last Year7.16%

RMR Recent Earnings

The RMR Group Inc. (RMR) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 4/12 qtrs (33%)●Beat Revenue 2/12 qtrs (17%)

Q1 2026Latest

Feb 4, 2026

EPS

$0.20

Est $0.18

+11.1%

Revenue

$180M

Est $191M

-5.3%

Q4 2025

Nov 12, 2025

EPS

$0.22

Est $0.22

+0.0%

Revenue

$159M

Est $222M

-28.1%

Q3 2025

Aug 5, 2025

EPS

$0.28

Est $0.28

+0.0%

Revenue

$155M

Est $210M

-26.4%

Q2 2025

May 6, 2025

EPS

$0.28

Est $0.30

-6.7%

Revenue

$167M

Est $214M

-22.2%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q1 2026Latest	Feb 4, 2026	$0.20vs $0.18+11.1%	$180Mvs $191M-5.3%
Q4 2025	Nov 12, 2025	$0.22vs $0.22+0.0%	$159Mvs $222M-28.1%
Q3 2025	Aug 5, 2025	$0.28vs $0.28+0.0%	$155Mvs $210M-26.4%
Q2 2025	May 6, 2025	$0.28vs $0.30-6.7%	$167Mvs $214M-22.2%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	FCF Yield	Debt / Equity
AMGAffiliated Managers Group, Inc.Direct Competitor	8.1B	303.64	13.35	19.83%	29.3%	16.01%	12.4%	0.61
ARESAres Management CorporationDirect Competitor	40.38B	122.96	62.73	66.55%	8.15%	6.25%	3.82%	1.71
FNFabrinetDirect Competitor	23.66B	660.32	72.01	18.6%	9.87%	19.6%	0.87%	0.00
CSWCCapital Southwest CorporationDirect Competitor	1.44B	24.30	16.53	7.67%	43.07%	10.32%		1.08
HLNEHamilton Lane IncorporatedDirect Competitor	4.41B	92.41	17.08	28.73%	30.49%	15.56%	7.06%	0.40
STEPStepStone Group Inc.Direct Competitor	2.15B	55.03	-21.84	65.09%	-15.28%	-9.85%	2.79%	0.22
BXBlackstone Inc.Product Competitor	96.16B	122.72	31.63	21.58%	21.83%	14.35%	1.81%	0.61
KKRKKR & Co. Inc.Product Competitor	90.94B	102.00	43.59	-10.99%	12.31%	3.19%	10.47%	0.67

Compare RMR vs Peers

The RMR Group Inc. (RMR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs AMG

Most directly comparable listed peer for RMR.

Scale Benchmark

vs BN

Larger-name benchmark to compare RMR against a more recognizable public peer.

Peer Set

Compare Top 5

vs AMG, ARES, FN, CSWC

RMR Income Statement

The RMR Group Inc. (RMR) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Sep'17	Sep'18	Sep'19	Sep'20	Sep'21	Sep'22	Sep'23	Sep'24	Sep'25	TTM
Revenue	271.73M	404.98M	713.37M	589.5M	607.24M	832.5M	962.32M	897.61M	700.28M	661.23M
Revenue Growth %	1.79%	49.04%	76.15%	-17.36%	3.01%	37.1%	15.59%	-6.72%	-21.98%	-22.74%
Property Operating Expenses	99.75M	108.76M	469.07M	360.57M	370.04M	568.77M	656.4M	609.15M	161.73M	50.19M
Net Operating Income (NOI)	171.97M▲ 0%	296.22M▲ 72.2%	244.3M▼ 17.5%	228.93M▼ 6.3%	237.2M▲ 3.6%	263.74M▲ 11.2%	305.92M▲ 16.0%	288.46M▼ 5.7%	538.56M▲ 86.7%	611.04M▲ 0%
NOI Margin %	63.29%	73.14%	34.25%	38.83%	39.06%	31.68%	31.79%	32.14%	76.91%	92.41%
Operating Expenses	27.23M	39.3M	38.76M	160.19M	165.11M	175.37M	192.19M	243.48M	496.77M	449.62M
G&A Expenses	25.19M	38.05M	37.75M	155.73M	158.63M	172.93M	184.86M	224.72M	42.5M	169.87M
EBITDA	262.54M	378.57M	717.37M	69.71M	73.06M	89.36M	114.83M	49.69M	53.33M	79.47M
EBITDA Margin %	96.62%	93.48%	100.56%	11.82%	12.03%	10.73%	11.93%	5.54%	7.62%	12.02%
Depreciation & Amortization	126.98M	126.6M	519.58M	968K	973K	993K	1.1M	4.71M	11.55M	13.89M
D&A / Revenue %	46.73%	31.26%	72.84%	0.16%	0.16%	0.12%	0.11%	0.53%	1.65%	2.1%
Operating Income	135.56M▲ 0%	251.97M▲ 85.9%	197.79M▼ 21.5%	68.74M▼ 65.2%	72.09M▲ 4.9%	88.37M▲ 22.6%	113.73M▲ 28.7%	44.98M▼ 60.5%	41.78M▼ 7.1%	65.58M▲ 0%
Operating Margin %	49.89%	62.22%	27.73%	11.66%	11.87%	10.61%	11.82%	5.01%	5.97%	9.92%
Interest Expense	0	0	0	0	0	0	0	783K	3.4M	1.87M
Interest Coverage	-	-	-	-	-	-	-	57.44x	12.29x	-
Non-Operating Income	-9.19M	-5.43M	-7.75M	-3.5M	-5.51M	-2.33M	-35.81M	-20.25M	-7.97M	-4.07M
Pretax Income	137.13M▲ 0%	276.87M▲ 101.9%	196.36M▼ 29.1%	77.89M▼ 60.3%	94.17M▲ 20.9%	90.7M▼ 3.7%	149.54M▲ 64.9%	64.45M▼ 56.9%	46.35M▼ 28.1%	61.27M▲ 0%
Pretax Margin %	50.46%	68.37%	27.53%	13.21%	15.51%	10.89%	15.54%	7.18%	6.62%	9.27%
Income Tax	28.25M	58.86M	27.32M	11.55M	13.15M	13.23M	21.77M	11.32M	-7.67M	9.86M
Effective Tax Rate %	20.6%	21.26%	13.91%	14.83%	13.97%	14.59%	14.56%	17.56%	-16.55%	16.09%
Net Income	42.29M▲ 0%	96.04M▲ 127.1%	169.04M▲ 76.0%	28.79M▼ 83.0%	35.7M▲ 24.0%	34M▼ 4.7%	57.15M▲ 68.1%	23.13M▼ 59.5%	17.6M▼ 23.9%	23.18M▲ 0%
Net Margin %	15.56%	23.72%	23.7%	4.88%	5.88%	4.08%	5.94%	2.58%	2.51%	3.51%
Net Income Growth %	13.57%	127.08%	76.01%	-82.97%	23.98%	-4.74%	68.06%	-59.53%	-23.93%	2.95%
Funds From Operations (FFO)	169.27M▲ 0%	222.64M▲ 31.5%	688.63M▲ 209.3%	29.76M▼ 95.7%	36.67M▲ 23.2%	35M▼ 4.6%	58.25M▲ 66.4%	27.84M▼ 52.2%	29.15M▲ 4.7%	37.07M▲ 0%
FFO Margin %	62.3%	54.98%	96.53%	5.05%	6.04%	4.2%	6.05%	3.1%	4.16%	5.61%
FFO Growth %	11.34%	31.53%	209.29%	-95.68%	23.22%	-4.56%	66.44%	-52.2%	4.68%	92.88%
FFO per Share	10.55	13.81	42.66	0.95	1.17	1.12	1.85	1.68	1.75	2.21
FFO Payout Ratio %	9.5%	7.26%	3.3%	83.3%	381.2%	73.52%	45.62%	102.08%	104.12%	61.42%
EPS (Diluted)	2.63▲ 0%	5.96▲ 126.6%	10.47▲ 75.7%	2.13▼ 79.7%	2.59▲ 21.6%	2.47▼ 4.6%	1.82▼ 26.3%	1.38▼ 24.2%	1.03▼ 25.4%	1.38▲ 0%
EPS Growth %	12.88%	126.62%	75.67%	-79.66%	21.6%	-4.63%	-26.32%	-24.18%	-25.36%	3.01%
EPS (Basic)	2.63	5.97	10.48	4.10	4.98	4.74	3.44	1.38	1.03	-
Diluted Shares Outstanding	16.05M	16.12M	16.14M	31.19M	31.28M	31.35M	31.47M	16.53M	16.64M	16.74M

RMR Balance Sheet

The RMR Group Inc. (RMR) balance sheet — assets, liabilities & shareholders' equity

Line item	Sep'17	Sep'18	Sep'19	Sep'20	Sep'21	Sep'22	Sep'23	Sep'24	Sep'25	TTM
Total Assets	383.72M	504.43M	667.87M	690.25M	497.91M	542.4M	582.42M	700.49M	718.25M	687.12M
Asset Growth %	13.68%	31.46%	32.4%	3.35%	-27.87%	8.94%	7.38%	20.27%	2.53%	20.63%
Real Estate & Other Assets	179.53M	170.74M	162.38M	175.39M	148.64M	139.45M	140.96M	171.63M	131.04M	98.11M
PP&E (Net)	3.28M	2.59M	2.38M	36.96M	34.51M	31.39M	34.48M	103.79M	251.53M	254.33M
Investment Securities	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Current Assets	140.89M	296.09M	464.86M	456.14M	254.52M	303.28M	386.31M	294.12M	192.69M	171.86M
Cash & Equivalents	108.64M	256.85M	358.45M	369.66M	159.84M	189.09M	267.99M	141.6M	62.3M	49.31M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	0	0	0	4.3M	0	0	10.7M	18.49M	13.73M	3.26M
Intangible Assets	462K	375K	323K	277K	235K	198K	167K	20.3M	26.14M	23.94M
Total Liabilities	94.06M	69.77M	138.84M	149.35M	150.2M	172.67M	158.76M	281.08M	316.23M	272.28M
Total Debt	179.07M	172.95M	158.99M	36.44M	34.07M	30.32M	30.11M	114.31M	204.04M	174.48M
Net Debt	70.43M	-83.9M	-199.46M	-333.23M	-125.77M	-158.77M	-237.88M	-27.29M	141.74M	125.17M
Long-Term Debt	0	0	0	0	0	0	0	86.26M	154.43M	152.71M
Short-Term Borrowings	0	0	0	0	0	0	0	0	26.33M	5.52M
Capital Lease Obligations	0	0	0	36.44M	34.07M	30.32M	30.11M	28.05M	23.29M	89.48M
Total Current Liabilities	26.41M	28.31M	98.03M	81.77M	81.14M	109.17M	105.57M	133.44M	117.82M	94.32M
Accounts Payable	20.91M	23.32M	20.27M	16.98M	15.03M	16.75M	22.58M	31.6M	38.7M	0
Deferred Revenue	94.06M	69.77M	1.62M	0	0	0	0	0	0	0
Other Liabilities	67.64M	41.46M	40.81M	35.55M	39.91M	37.87M	28.15M	39.23M	26.3M	0
Total Equity	289.66M▲ 0%	434.66M▲ 50.1%	529.03M▲ 21.7%	540.9M▲ 2.2%	347.71M▼ 35.7%	369.74M▲ 6.3%	423.66M▲ 14.6%	419.42M▼ 1.0%	402.01M▼ 4.1%	414.84M▲ 0%
Equity Growth %	17.56%	50.06%	21.71%	2.24%	-35.72%	6.33%	14.58%	-1%	-4.15%	-10.89%
Shareholders Equity	149.53M	232.76M	288.65M	295.92M	195.12M	206.62M	240.07M	237.57M	227.66M	232.7M
Minority Interest	140.13M	201.9M	240.38M	244.98M	152.59M	163.12M	183.6M	181.84M	174.36M	182.13M
Common Stock	31K	31K	31K	31K	31K	32K	32K	32K	32K	32K
Additional Paid-in Capital	95.88M	99.24M	103.36M	106.62M	109.91M	113.14M	116.01M	118.81M	121.71M	122.32M
Retained Earnings	53.54M	133.41M	185.26M	189.27M	321.94M	355.95M	124.02M	436.23M	453.82M	110.49M
Preferred Stock	28.72M	45.99M	0	0	0	0	0	0	0	0
Return on Assets (ROA)	11.73%	21.63%	28.84%	4.24%	6.01%	6.54%	10.16%	3.61%	2.48%	3.37%
Return on Equity (ROE)	15.78%	26.52%	35.08%	5.38%	8.03%	9.48%	14.41%	5.49%	4.28%	5.59%
Debt / Assets	46.67%	34.29%	23.81%	5.28%	6.84%	5.59%	5.17%	16.32%	28.41%	25.39%
Debt / Equity	0.62x	0.40x	0.30x	0.07x	0.10x	0.08x	0.07x	0.27x	0.51x	0.51x
Net Debt / EBITDA	0.27x	-0.22x	-0.28x	-4.78x	-1.72x	-1.78x	-2.07x	-0.55x	2.66x	2.66x
Book Value per Share	18.05	26.96	32.77	17.34	11.12	11.79	13.46	25.37	24.15	24.78

RMR Cash Flow Statement

The RMR Group Inc. (RMR) cash flow — operating, investing & free cash flow history

Line item	Sep'17	Sep'18	Sep'19	Sep'20	Sep'21	Sep'22	Sep'23	Sep'24	Sep'25	TTM
Cash from Operations	125.94M	228.47M	198.21M	77.5M	71.79M	101.27M	109.22M	61.38M	75.75M	75.75M
Operating CF Growth %	27.43%	81.42%	-13.24%	-60.9%	-7.36%	41.06%	7.85%	-43.8%	23.42%	441.38%
Operating CF / Revenue %	46.35%	56.42%	27.79%	13.15%	11.82%	12.16%	11.35%	6.84%	10.82%	11.46%
Net Income	108.67M	217.43M	169.04M	66.33M	81.01M	77.47M	127.77M	53.13M	38.68M	23.18M
Depreciation & Amortization	2.04M	1.25M	1.02M	968K	973K	993K	1.1M	4.71M	11.55M	16.25M
Stock-Based Compensation	7.73M	11.77M	11.41M	0	0	10.85M	13.43M	0	0	0
Other Non-Cash Items	11.06M	-11.24M	14.76M	9.39M	-6.32M	1.82M	-23.77M	6.12M	11.78M	10.09M
Working Capital Changes	3.62M	-3.89M	2.66M	-1.03M	-9.11M	8.58M	-8.21M	-5.64M	11.76M	-18.08M
Cash from Investing	-12.83M	-648K	-14.73M	-5.92M	-1.14M	-10.59M	49.5M	-209.84M	-183.86M	-144.37M
Acquisitions (Net)	-12M	0	-14.03M	-5.32M	0	-9.47M	0	-78.98M	-11.9M	-1.87M
Purchase of Investments	0	0	-28.25M	0	0	-9.47M	0	0	-1.95M	-24.6M
Sale of Investments	0	0	1000K	0	0	1000K	1000K	0	0	1000K
Other Investing	-12M	0	14.03M	0	0	-9.47M	0	-126.99M	-166.36M	-166.36M
Cash from Financing	-70.3M	-79.61M	-81.8M	-60.36M	-280.48M	-61.43M	-79.81M	22.07M	28.81M	-15.36M
Dividends Paid	-16.09M	-16.17M	-22.73M	-24.79M	-139.78M	-25.73M	-26.58M	-28.42M	-30.35M	-30.44M
Common Dividends	-16.09M	-16.17M	-22.73M	-24.79M	-139.78M	-25.73M	-26.58M	-28.42M	-30.35M	-22.77M
Debt Issuance (Net)	0	0	0	0	0	0	0	1000K	1000K	1000K
Share Repurchases	-358K	-987K	-827K	-523K	-834K	-547K	-734K	-1.14M	-903K	-932K
Other Financing	-53.85M	-62.45M	-58.24M	-35.05M	-139.86M	-35.15M	-52.5M	-36.52M	-36.55M	-37.51M
Net Change in Cash	42.81M▲ 0%	148.21M▲ 246.2%	101.6M▼ 31.4%	11.21M▼ 89.0%	-209.83M▼ 1971.0%	29.25M▲ 113.9%	78.9M▲ 169.7%	-126.39M▼ 260.2%	-79.3M▲ 37.3%	-98.27M▲ 0%
Exchange Rate Effect	-1K	-6K	-85K	0	0	0	0	0	0	0
Cash at Beginning	65.83M	108.64M	256.85M	358.45M	369.66M	159.84M	189.09M	267.99M	141.6M	62.3M
Cash at End	108.64M	256.85M	358.45M	369.66M	159.84M	189.09M	267.99M	141.6M	62.3M	49.31M
Free Cash Flow	125.11M▲ 0%	227.82M▲ 82.1%	197.51M▼ 13.3%	76.9M▼ 61.1%	70.65M▼ 8.1%	100.15M▲ 41.7%	105.23M▲ 5.1%	57.51M▼ 45.3%	72.1M▲ 25.4%	58.23M▲ 0%
FCF Growth %	27.98%	82.1%	-13.3%	-61.07%	-8.12%	41.75%	5.08%	-45.35%	25.36%	11.41%
FCF / Revenue %	46.04%	56.26%	27.69%	13.04%	11.63%	12.03%	10.94%	6.41%	10.3%	8.81%

RMR Key Ratios

The RMR Group Inc. (RMR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
FFO per Share	10.55	13.81	42.66	0.95	1.17	1.12	1.85	1.68	1.75	2.21
FFO Payout Ratio	9.5%	7.26%	3.3%	83.3%	381.2%	73.52%	45.62%	102.08%	104.12%	61.42%
NOI Margin	63.29%	73.14%	34.25%	38.83%	39.06%	31.68%	31.79%	32.14%	76.91%	92.41%
Net Debt / EBITDA	0.27x	-0.22x	-0.28x	-4.78x	-1.72x	-1.78x	-2.07x	-0.55x	2.66x	2.66x
Debt / Assets	46.67%	34.29%	23.81%	5.28%	6.84%	5.59%	5.17%	16.32%	28.41%	25.39%
Interest Coverage	-	-	-	-	-	-	-	57.44x	12.29x	-
Book Value / Share	18.05	26.96	32.77	17.34	11.12	11.79	13.46	25.37	24.15	24.78
Revenue Growth	1.79%	49.04%	76.15%	-17.36%	3.01%	37.1%	15.59%	-6.72%	-21.98%	-22.74%

RMR SEC Filings & Documents

The RMR Group Inc. (RMR) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Apr 2, 2026·SEC

Material company update

Mar 26, 2026·SEC

Material company update

Feb 4, 2026·SEC

10-K Annual Reports

FY 2025

Nov 12, 2025·SEC

FY 2024

Nov 12, 2024·SEC

FY 2023

Nov 15, 2023·SEC

10-Q Quarterly Reports

FY 2026

Feb 4, 2026·SEC

FY 2025

Aug 5, 2025·SEC

FY 2025

May 6, 2025·SEC

RMR Frequently Asked Questions

The RMR Group Inc. (RMR) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

The RMR Group Inc. (RMR) reported $661.2M in revenue for fiscal year 2025. This represents a 154% increase from $260.0M in 2013.

The RMR Group Inc. (RMR) saw revenue decline by 22.0% over the past year.

Yes, The RMR Group Inc. (RMR) is profitable, generating $23.2M in net income for fiscal year 2025 (2.5% net margin).

Dividend & Returns

Yes, The RMR Group Inc. (RMR) pays a dividend with a yield of 9.35%. This makes it attractive for income-focused investors.

The RMR Group Inc. (RMR) has a return on equity (ROE) of 4.3%. This is below average, suggesting room for improvement.

Industry Metrics

The RMR Group Inc. (RMR) generated Funds From Operations (FFO) of $37.1M in the trailing twelve months. FFO is the primary profitability metric for REITs.

The RMR Group Inc. (RMR) offers a 9.35% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

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The RMR Group Inc. (RMR) financial analysis — history, returns, DCA and operating performance tools

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The RMR Group Inc.(RMR)Earnings, Financials & Key Ratios

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