RMR Real Estate

The RMR Group Inc.

$16.61-2.29%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Real Estate
Industry: Real Estate Services
Country: United States
Market cap: 283.7M USD
Enterprise value: 413.2M USD
Full-time employees: 900

Overall health

Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings
Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: its share price swings more than most peers’ (beta 1.07 vs a peer median of 0.75)bigger price swings (beta 1.07 vs peers 0.75)
About average: risk (debt, liquidity and share-price swings)risk

Ranks #229 of 632 real estate companies (top 37%)

See how it ranks against its peers

Worth knowing

Stock pay outran buybacks. Stock-based pay expense $33M vs $3M spent repurchasing shares over the 3 fiscal years to FY Sep 2025.
Over three fiscal years RMR recorded $33M of stock-based pay expense and spent $3M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years RMR recorded $33M of stock-based pay expense and spent $3M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.
Sales growing faster than profits. Since FY Sep 2022: revenue −16%, operating profit −53%.
Since FY Sep 2022, RMR's revenue changed −16% while operating profit fell 53%: costs rose faster than sales.
Profitable, but revenue is shrinking. More profitable than most peers, but revenue fell 15% in the 12 months to June 2026 vs the 12 months before.
RMR is more profitable than most peers, yet revenue fell 15% in the 12 months to June 2026 vs the 12 months before.
Cash flow well above reported profit. Free cash flow is 4.6× reported profit.
Free cash flow is 4.6× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.

StockQuotient Score

57/ 100▲ 1 since Oct 27 close

Oct 5 56 → Nov 4 57 (+1)

Valuation

Is the price right?

93/100

Strong

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Stronger than most peers on:

▲ FCF yield
▲ EBITDA yield
▲ Earnings yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield7.1%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score 0.36Sector median: 0.0535 · MAD: 0.0484

EBITDA yield14.7%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score 4.60Sector median: 0.0536 · MAD: 0.0204

Free cash flow yield32.7%

Yahoo Finance fallback · SEC cash flow or share count unavailable · trailing 12 months · operating cash flow − capital spendingReported value20% base weight · Z-score 5.89Sector median: 0.0650 · MAD: 0.0444

Other data (not scored)

Book yield80.4%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 1.1277 · MAD: 0.5490

Growth

Is it growing?

19/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ 3-yr revenue
▼ Revenue growth
▼ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth0.7%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.34Sector median: 0.1117 · MAD: 0.3101

3-year revenue growth-13.3%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score -2.30Sector median: 0.0378 · MAD: 0.0744

Revenue growth-15.2%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -1.96Sector median: 0.0297 · MAD: 0.0927

Profitability

Does it earn well?

72/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

Operating margin fell 3.0 points to 6.4%

Why

Stronger than most peers on:

▲ ROIC
▲ ROA

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin6.4%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.91Sector median: 0.2683 · MAD: 0.2257

Return on assets2.8%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.49Sector median: 0.0211 · MAD: 0.0134

Return on invested capital9.8%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 3.22Sector median: 0.0341 · MAD: 0.0197

Other data (not scored)

Gross margin97.0%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsOutlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.5380 · MAD: 0.2259

Return on equity8.8%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0521 · MAD: 0.0465

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Held back by:

▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.07

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -0.97Sector median: 0.7490 · MAD: 0.3270

Current ratio1.40×

SEC filings · latest balance sheetReported value33% base weight · Z-score 0.28Sector median: 1.1950 · MAD: 0.7210

Debt / equity0.73×

SEC filings · latest balance sheetReported value33% base weight · Z-score 0.19Sector median: 0.8040 · MAD: 0.3893

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about RMR

Is RMR getting weaker?: Its latest SEC filing (Aug 5, 2026) got weaker in some ways: operating margin fell 3.0 points to 6.4%. Its overall score is 57/100, up 1 since Oct 28, 2026.
How is RMR valued vs its peers?: Priced lower than most peers relative to what it earns. Valuation scores 93/100 against 762 real estate peers. Free cash flow yield 32.7% vs a peer median of 6.5% (stronger than 93% of peers).Free cash flow yield 32.7% vs peers 6.5% (stronger than 93% of peers).
Is RMR growing?: More slowly than most of its peers. Growth scores 19/100 against 762 real estate peers. 3-year revenue growth -13.3% vs a peer median of 3.8% (weaker than 85% of peers).3-year revenue growth -13.3% vs peers 3.8% (weaker than 85% of peers).
How profitable is RMR?: More profitable than most of its peers. Profitability scores 72/100 against 762 real estate peers. Return on invested capital 9.8% vs a peer median of 3.4% (stronger than 88% of peers).Return on invested capital 9.8% vs peers 3.4% (stronger than 88% of peers). Operating margin 6.4% vs a peer median of 26.8% (weaker than 78% of peers).Operating margin 6.4% vs peers 26.8% (weaker than 78% of peers).
How risky is RMR?: Moderate risk relative to 762 real estate peers, judged on debt, liquidity and share-price swings. Beta 1.07 vs a peer median of 0.75 (weaker than 76% of peers).Beta 1.07 vs peers 0.75 (weaker than 76% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 5, 2026 · compared with the quarter ended Mar 31, 2026

Got weaker

Operating margin fell 3.0 points to 6.4%

	Previous quarter	Latest quarter	Change
Revenue (12 months)	640.2M USD	639.0M USD	−0.2%
Net income (12 months)	20.8M USD	19.8M USD	−4.8%
Operating margin	9.4%	6.4%	−3.0 pts
Debt	136.8M USD	163.8M USD	+19.8%
Cash	80.1M USD	58.2M USD	−27.3%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Real Estate · 124 companies

Valuations in Real Estate are within their usual range since 2016.

30% of months since 2016 were valued lower than now.
15% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +4% and earnings +25% (medians): earnings grew faster than prices.
Median price-to-sales is +112% vs the whole market, against a usual +154%.

2016Shaded: most expensive fifth of its range2026

Shown for Real Estate: too few Real Estate Services companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY Sep 2021	FY Sep 2022	FY Sep 2023	FY Sep 2024	FY Sep 2025	Change
Operating margin	11.9%	10.6%	11.8%	5.0%	6.0%	▲ 1.0 pts
Net margin	5.9%	4.1%	5.9%	2.6%	2.5%	▼ 0.1 pts
Return on assets (ROA)	7.2%	6.3%	9.8%	3.3%	2.4%	▼ 0.9 pts
Return on equity (ROE)	18.3%	16.5%	23.8%	9.7%	7.7%	▼ 2.0 pts
Free cash flow margin	11.6%	12.0%	10.9%	6.4%	—	—
Current ratio	3.14×	2.78×	3.66×	2.20×	1.64×	▼ 26%
Debt to equity	—	—	0.00×	0.36×	0.60×	▲ 65%
Interest coverage	—	—	—	57.44×	9.70×	▼ 83%

RMR price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: its share price swings more than most peers’ (beta 1.07 vs a peer median of 0.75)bigger price swings (beta 1.07 vs peers 0.75)

About average: risk (debt, liquidity and share-price swings)risk

Ranks #229 of 632 real estate companies (top 37%)

See how it ranks against its peers

Worth knowing

Stock pay outran buybacks. Stock-based pay expense $33M vs $3M spent repurchasing shares over the 3 fiscal years to FY Sep 2025.

Over three fiscal years RMR recorded $33M of stock-based pay expense and spent $3M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years RMR recorded $33M of stock-based pay expense and spent $3M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.

Sales growing faster than profits. Since FY Sep 2022: revenue −16%, operating profit −53%.

Since FY Sep 2022, RMR's revenue changed −16% while operating profit fell 53%: costs rose faster than sales.

Profitable, but revenue is shrinking. More profitable than most peers, but revenue fell 15% in the 12 months to June 2026 vs the 12 months before.

RMR is more profitable than most peers, yet revenue fell 15% in the 12 months to June 2026 vs the 12 months before.

Cash flow well above reported profit. Free cash flow is 4.6× reported profit.

Free cash flow is 4.6× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.

Questions investors ask about RMR

Is RMR getting weaker?

Its latest SEC filing (Aug 5, 2026) got weaker in some ways: operating margin fell 3.0 points to 6.4%. Its overall score is 57/100, up 1 since Oct 28, 2026.

How is RMR valued vs its peers?

Priced lower than most peers relative to what it earns. Valuation scores 93/100 against 762 real estate peers. Free cash flow yield 32.7% vs a peer median of 6.5% (stronger than 93% of peers).Free cash flow yield 32.7% vs peers 6.5% (stronger than 93% of peers).

Is RMR growing?

More slowly than most of its peers. Growth scores 19/100 against 762 real estate peers. 3-year revenue growth -13.3% vs a peer median of 3.8% (weaker than 85% of peers).3-year revenue growth -13.3% vs peers 3.8% (weaker than 85% of peers).

How profitable is RMR?

More profitable than most of its peers. Profitability scores 72/100 against 762 real estate peers. Return on invested capital 9.8% vs a peer median of 3.4% (stronger than 88% of peers).Return on invested capital 9.8% vs peers 3.4% (stronger than 88% of peers). Operating margin 6.4% vs a peer median of 26.8% (weaker than 78% of peers).Operating margin 6.4% vs peers 26.8% (weaker than 78% of peers).

How risky is RMR?

Moderate risk relative to 762 real estate peers, judged on debt, liquidity and share-price swings. Beta 1.07 vs a peer median of 0.75 (weaker than 76% of peers).Beta 1.07 vs peers 0.75 (weaker than 76% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

640.2M USD

639.0M USD

−0.2%

Net income (12 months)

20.8M USD

19.8M USD

−4.8%

Operating margin

9.4%

6.4%

−3.0 pts

Debt

136.8M USD

163.8M USD

+19.8%

Cash

80.1M USD

58.2M USD

−27.3%

Key ratios

FY Sep 2021

FY Sep 2022

FY Sep 2023

FY Sep 2024

FY Sep 2025

Change

Operating margin

11.9%

10.6%

11.8%

5.0%

6.0%

▲ 1.0 pts

Net margin

5.9%

4.1%

5.9%

2.6%

2.5%

▼ 0.1 pts

Return on assets (ROA)

7.2%

6.3%

9.8%

3.3%

2.4%

▼ 0.9 pts

Return on equity (ROE)

18.3%

16.5%

23.8%

9.7%

7.7%

▼ 2.0 pts

Free cash flow margin

11.6%

12.0%

10.9%

6.4%

—

Current ratio

3.14×

2.78×

3.66×

2.20×

1.64×

▼ 26%

Debt to equity

—

0.00×

0.36×

0.60×

▲ 65%

Interest coverage

—

57.44×

9.70×

▼ 83%