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Side-by-side financial comparison of Bridgewater Bancshares Inc (BWB) and RMR GROUP INC. (RMR). Click either name above to swap in a different company.

RMR GROUP INC. is the larger business by last-quarter revenue ($66.7M vs $46.2M, roughly 1.4× Bridgewater Bancshares Inc). Bridgewater Bancshares Inc runs the higher net margin — 37.7% vs 18.3%, a 19.4% gap on every dollar of revenue.

Bridgewater Bancshares Inc. is a regional bank holding company headquartered in Minnesota, U.S. It offers a full suite of commercial and retail banking services including business loans, deposit products, residential mortgages, and personal banking solutions, primarily serving SMEs, individual consumers and local commercial clients in its operating areas.

RMR Group Inc. is a U.S.-headquartered alternative asset management firm specializing in real estate and real estate-related investments. It operates across commercial property, residential real estate, and infrastructure segments, serving institutional investors, high-net-worth individuals, and retail clients across key global markets.

BWB vs RMR — Head-to-Head

Bigger by revenue
RMR
RMR
1.4× larger
RMR
$66.7M
$46.2M
BWB
Higher net margin
BWB
BWB
19.4% more per $
BWB
37.7%
18.3%
RMR

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
BWB
BWB
RMR
RMR
Revenue
$46.2M
$66.7M
Net Profit
$17.4M
$12.2M
Gross Margin
Operating Margin
48.1%
Net Margin
37.7%
18.3%
Revenue YoY
40.8%
Net Profit YoY
80.7%
91.1%
EPS (diluted)
$0.58
$0.71

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BWB
BWB
RMR
RMR
Q1 26
$46.2M
Q4 25
$38.8M
$66.7M
Q3 25
$36.2M
Q2 25
$36.1M
Q1 25
$32.3M
Q4 24
$29.5M
Q3 24
$27.1M
Q2 24
$26.8M
Net Profit
BWB
BWB
RMR
RMR
Q1 26
$17.4M
Q4 25
$13.3M
$12.2M
Q3 25
$11.6M
Q2 25
$11.5M
Q1 25
$9.6M
Q4 24
$8.2M
Q3 24
$8.7M
Q2 24
$8.1M
Operating Margin
BWB
BWB
RMR
RMR
Q1 26
Q4 25
44.2%
48.1%
Q3 25
41.8%
Q2 25
42.0%
Q1 25
39.2%
Q4 24
35.6%
Q3 24
41.9%
Q2 24
39.7%
Net Margin
BWB
BWB
RMR
RMR
Q1 26
37.7%
Q4 25
34.3%
18.3%
Q3 25
32.1%
Q2 25
31.9%
Q1 25
29.8%
Q4 24
27.8%
Q3 24
32.0%
Q2 24
30.3%
EPS (diluted)
BWB
BWB
RMR
RMR
Q1 26
$0.58
Q4 25
$0.42
$0.71
Q3 25
$0.38
Q2 25
$0.38
Q1 25
$0.31
Q4 24
$0.26
Q3 24
$0.27
Q2 24
$0.26

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BWB
BWB
RMR
RMR
Cash + ST InvestmentsLiquidity on hand
$222.2M
$49.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$528.4M
$232.7M
Total Assets
$5.3B
$687.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BWB
BWB
RMR
RMR
Q1 26
$222.2M
Q4 25
$123.5M
$49.3M
Q3 25
$131.8M
Q2 25
$217.5M
Q1 25
$166.2M
Q4 24
$229.8M
Q3 24
$191.9M
Q2 24
$134.1M
Stockholders' Equity
BWB
BWB
RMR
RMR
Q1 26
$528.4M
Q4 25
$517.1M
$232.7M
Q3 25
$497.5M
Q2 25
$476.3M
Q1 25
$469.0M
Q4 24
$457.9M
Q3 24
$452.2M
Q2 24
$439.2M
Total Assets
BWB
BWB
RMR
RMR
Q1 26
$5.3B
Q4 25
$5.4B
$687.1M
Q3 25
$5.4B
Q2 25
$5.3B
Q1 25
$5.1B
Q4 24
$5.1B
Q3 24
$4.7B
Q2 24
$4.7B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BWB
BWB
RMR
RMR
Operating Cash FlowLast quarter
$10.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.88×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BWB
BWB
RMR
RMR
Q1 26
Q4 25
$27.8M
$10.7M
Q3 25
$9.4M
Q2 25
$4.0M
Q1 25
$7.5M
Q4 24
$46.4M
Q3 24
$-6.0M
Q2 24
$10.6M
Free Cash Flow
BWB
BWB
RMR
RMR
Q1 26
Q4 25
$22.0M
Q3 25
$7.8M
Q2 25
$2.8M
Q1 25
$6.9M
Q4 24
$42.3M
Q3 24
$-6.5M
Q2 24
$10.4M
FCF Margin
BWB
BWB
RMR
RMR
Q1 26
Q4 25
56.6%
Q3 25
21.5%
Q2 25
7.8%
Q1 25
21.5%
Q4 24
143.4%
Q3 24
-23.8%
Q2 24
38.9%
Capex Intensity
BWB
BWB
RMR
RMR
Q1 26
Q4 25
15.1%
Q3 25
4.4%
Q2 25
3.2%
Q1 25
1.7%
Q4 24
13.8%
Q3 24
1.7%
Q2 24
0.7%
Cash Conversion
BWB
BWB
RMR
RMR
Q1 26
Q4 25
2.09×
0.88×
Q3 25
0.81×
Q2 25
0.35×
Q1 25
0.77×
Q4 24
5.65×
Q3 24
-0.69×
Q2 24
1.31×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BWB
BWB

Net Interest Income$36.6M79%
Noninterest Income$9.6M21%

RMR
RMR

Management Service Incentive$23.6M35%
Industrial Logistics Properties Trust$15.1M23%
Managed Private Real Estate Capital$11.1M17%
Office Properties Income Trust$5.6M8%
Other Private Entities$5.3M8%
RMR Residential$3.4M5%
Sonesta International Hotels Corporation$2.1M3%
Investment Advisory Management And Administrative Service$1.2M2%

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