| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | — | — | — | — | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2027 | ‡‡‡ |
|
| 2026 | 1.80 |
—
—
—
|
| 2025 | 1.80 |
—
—
—
—
|
| 2024 | 1.75 |
—
—
—
—
|
| 2023 | 1.60 |
—
—
—
—
|
| 2022 | 1.58 |
—
—
—
—
|
| 2021 | 1.52 |
—
—
—
—
—
|
| 2020 | 1.52 |
—
—
—
—
|
| 2019 | 1.43 |
—
—
—
—
|
| 2018 | 1.10 |
—
—
—
—
|
| 2017 | 1.00 |
—
—
—
—
|
| 2016 | 0.80 |
—
—
—
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 267.99 | 141.60 | 62.30 | 58.20 |
| Receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Other | — | — | — | — |
| 267.99 | 141.60 | 62.30 | 58.20 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 22.58 | 31.60 | 38.70 | 55.44 |
| ST’ Debt | 5.07 | — | 26.33 | — |
| Other | — | — | — | — |
| 100.50 | 167.19 | 244.75 | 243.13 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Dec | Mar | Jun | Sep | Year | |
|---|---|---|---|---|---|
| ’26 | 180.42 | 145.63 | 153.51 | — |
—
|
| ’25 | 219.48 | 166.67 | 154.73 | 159.41 |
700.28
|
| ’24 | 261.70 | 217.95 | 205.67 | 212.30 |
897.61
|
| ’23 | 250.74 | 208.42 | 280.23 | 222.93 |
962.32
|
| ’22 | 181.57 | 197.65 | 211.09 | 242.19 |
832.50
|
| ’21 | 156.95 | 131.56 | 145.24 | 173.48 |
607.24
|
| ’20 | 159.89 | 140.86 | 138.65 | 150.10 |
589.51
|
| Dec | Mar | Jun | Sep | Year | |
|---|---|---|---|---|---|
| ’26 | 10.75 | 48.82 | 23.37 | — |
—
|
| ’25 | 25.03 | 12.97 | 22.12 | 15.63 |
75.75
|
| ’24 | 29.93 | 5.09 | 32.05 | (5.69) |
61.38
|
| ’23 | 28.10 | 14.02 | 71.58 | (4.48) |
109.22
|
| ’22 | 34.97 | 15.36 | 39.53 | 11.41 |
101.27
|
| ’21 | 27.66 | 8.45 | 36.27 | (0.58) |
71.79
|
| ’20 | 41.92 | 6.82 | 30.05 | (1.29) |
77.50
|
| Dec | Mar | Jun | Sep | Year | |
|---|---|---|---|---|---|
| ’26 | 9.69 | 46.10 | 22.31 | — |
—
|
| ’25 | 23.56 | 16.50 | 0.17 | (129.95) |
(89.71)
|
| ’24 | 28.81 | 4.34 | 31.30 | (77.44) |
(13.00)
|
| ’23 | 27.18 | 13.05 | 70.23 | (5.23) |
105.23
|
| ’22 | 34.80 | 14.92 | 39.22 | 11.21 |
100.15
|
| ’21 | 27.10 | 8.25 | 36.08 | (0.78) |
70.65
|
| ’20 | 41.77 | 6.61 | 30.00 | (1.49) |
76.90
|
| Dec | Mar | Jun | Sep | Year | |
|---|---|---|---|---|---|
| ’26 | 0.71 | 0.05 | 0.18 | — |
—
|
| ’25 | 0.38 | 0.22 | 0.25 | 0.20 |
1.06
|
| ’24 | 0.41 | 0.34 | 0.29 | 0.32 |
1.36
|
| ’23 | 0.37 | 1.11 | 1.48 | 0.46 |
3.44
|
| ’22 | 0.49 | 0.39 | 0.46 | 0.73 |
2.04
|
| ’21 | 0.51 | 0.30 | 0.50 | 0.82 |
2.15
|
| ’20 | 0.58 | 0.39 | 0.41 | 0.38 |
1.75
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 23.00 | 20.79 | 20.25 | 13.48 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 36.45 | 31.55 | 28.82 | 20.80 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 38,600 | 600 | 1,000 | 900 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.02 | 1.60 | 0.90 | 0.78 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 832.50 | 962.32 | 897.61 | 700.28 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Revenue
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 100.00% | 100.00% | 99.95% | 99.60% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 90.70 | 149.54 | 64.45 | 46.35 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10.89% | 15.54% | 7.18% | 6.62% | ‡‡‡ | ‡‡‡ | — |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 77.47 | 127.77 | 53.13 | 38.68 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10.06 | 10.17 | 13.75 | 20.75 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 50.96 | 58.58 | 54.30 | 42.07 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 2.06 | 3.44 | 1.36 | 1.06 | ‡‡‡‡ | ‡‡‡‡ | — |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.20 | 6.65 | 3.71 | 4.55 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.07) | (0.24) | (4.50) | (9.94) | ‡‡‡ | ‡‡‡ | — |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.13 | 6.41 | (0.79) | (5.39) | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 22.63 | 25.79 | 25.37 | 24.15 | ‡‡‡‡ | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 16.34 | 16.43 | 16.53 | 16.64 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 11.44 | 6.99 | 18.39 | 14.98 | ‡‡‡‡ | ‡‡‡‡ | — |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.46 | 0.41 | 0.47 | 0.37 | ‡‡‡ | ‡‡‡ | — |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.05 | 0.93 | 1.00 | 0.65 | ‡‡‡ | ‡‡‡ | — |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.27 | 0.16 | 0.36 | 0.35 | ‡‡‡ | ‡‡‡‡ | — |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.28 | 1.48 | (24.94) | (2.72) | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 101.27 | 109.22 | 61.38 | 75.75 | ‡‡‡ | ‡‡‡ | — |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1.12) | (3.98) | (74.37) | (165.46) | — | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 100.15 | 105.23 | (13.00) | (89.71) | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 84.61 | 167.49 | (25.59) | (182.45) | — | — | — |
Working Cap'
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | 30.32 | 30.11 | 41.11 | 44.59 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (158.77) | (237.88) | (100.49) | (17.71) | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 369.74 | 423.66 | 419.42 | 402.01 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.47% | 10.05% | 3.56% | 2.42% | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 26.18% | 38.26% | 8.81% | 6.80% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 9.39% | 14.24% | 5.41% | 4.19% | — | — | — |
ROE
|
The RMR Group Inc. (RMR) has long thrived as an asset-light alternative asset manager for REITs and real estate trusts, boasting near-100% gross margins and steady fee-based revenue insulated from property cycles. Yet, a dramatic 2023 restructuring slashed headcount from 38,600 to 600—catapulting revenue per employee to $1.6 million—but exposed vulnerabilities, with 2024 bringing a 7% revenue dip to $898 million, 58% net income plunge to $53 million, and negative free cash flow amid surging capex. Trading near lows at a steep discount to book value (0.7x) and depressed multiples (PS at 0.4x), the stock has decoupled from resilient revenue growth (13.7% CAGR over the past decade), underperforming despite a cash-rich balance sheet and low debt.
This transformation echoes industry shifts like REIT internalizations, inflating depreciation and eroding EBT margins to 7.2%, while ROE slid to 5.4%. Historical peaks—like 2018’s $98 stock high and 88.6% ROIC—contrast with COVID troughs and rate pressures hammering managed assets in hospitality and senior housing. No insider buying adds to the caution, but book value per share has grown 65% since 2016, hinting at undervaluation for contrarians eyeing mean reversion.
Analysts project a rocky 2025 (22% revenue drop, EPS to $1.06) before modest 2026 rebound, with price targets implying 9-41% upside—tempting for value hunters if capex eases and rate cuts revive REIT fees. RMR’s pivot from growth engine to lean operator demands scrutiny amid profitability pressures, but at current levels, it beckons patient investors betting on adaptation over apocalypse.
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