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Side-by-side financial comparison of Global Net Lease, Inc. (GNL) and RMR GROUP INC. (RMR). Click either name above to swap in a different company.
Global Net Lease, Inc. is the larger business by last-quarter revenue ($117.0M vs $66.7M, roughly 1.8× RMR GROUP INC.). Global Net Lease, Inc. runs the higher net margin — 41.2% vs 18.3%, a 22.9% gap on every dollar of revenue. On growth, RMR GROUP INC. posted the faster year-over-year revenue change (40.8% vs -15.1%).
Global Net Lease, Inc. is a publicly traded real estate investment trust that acquires, owns and manages a diversified portfolio of commercial real estate assets under long-term net lease contracts. Its property portfolio spans North America and Europe, covering industrial, office, retail and other key sectors, serving tenants across multiple industries to deliver consistent long-term returns for shareholders.
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.
GNL vs RMR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $117.0M | $66.7M |
| Net Profit | $48.2M | $12.2M |
| Gross Margin | — | — |
| Operating Margin | 94.7% | 48.1% |
| Net Margin | 41.2% | 18.3% |
| Revenue YoY | -15.1% | 40.8% |
| Net Profit YoY | 838.7% | 91.1% |
| EPS (diluted) | $0.14 | $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.
| Q4 25 | $117.0M | $66.7M | ||
| Q3 25 | $121.0M | — | ||
| Q2 25 | $124.9M | — | ||
| Q1 25 | $132.4M | — | ||
| Q4 24 | $137.8M | — | ||
| Q3 24 | $138.7M | — | ||
| Q2 24 | $145.5M | — | ||
| Q1 24 | $147.9M | — |
| Q4 25 | $48.2M | $12.2M | ||
| Q3 25 | $-60.1M | — | ||
| Q2 25 | $-24.1M | — | ||
| Q1 25 | $-189.4M | — | ||
| Q4 24 | $-6.5M | — | ||
| Q3 24 | $-65.6M | — | ||
| Q2 24 | $-35.7M | — | ||
| Q1 24 | $-23.8M | — |
| Q4 25 | 94.7% | 48.1% | ||
| Q3 25 | -11.7% | — | ||
| Q2 25 | 33.9% | — | ||
| Q1 25 | -21.1% | — | ||
| Q4 24 | 40.8% | — | ||
| Q3 24 | 9.3% | — | ||
| Q2 24 | 42.6% | — | ||
| Q1 24 | 38.6% | — |
| Q4 25 | 41.2% | 18.3% | ||
| Q3 25 | -49.7% | — | ||
| Q2 25 | -19.3% | — | ||
| Q1 25 | -143.0% | — | ||
| Q4 24 | -4.7% | — | ||
| Q3 24 | -47.3% | — | ||
| Q2 24 | -24.5% | — | ||
| Q1 24 | -16.1% | — |
| Q4 25 | $0.14 | $0.71 | ||
| Q3 25 | $-0.32 | — | ||
| Q2 25 | $-0.16 | — | ||
| Q1 25 | $-0.87 | — | ||
| Q4 24 | $-0.08 | — | ||
| Q3 24 | $-0.33 | — | ||
| Q2 24 | $-0.20 | — | ||
| Q1 24 | $-0.15 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $180.1M | $49.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.7B | $232.7M |
| Total Assets | $4.3B | $687.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $180.1M | $49.3M | ||
| Q3 25 | $165.1M | — | ||
| Q2 25 | $144.8M | — | ||
| Q1 25 | $147.0M | — | ||
| Q4 24 | $159.7M | — | ||
| Q3 24 | $127.2M | — | ||
| Q2 24 | $122.2M | — | ||
| Q1 24 | $131.9M | — |
| Q4 25 | $1.7B | $232.7M | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.5B | — |
| Q4 25 | $4.3B | $687.1M | ||
| Q3 25 | $4.8B | — | ||
| Q2 25 | $5.0B | — | ||
| Q1 25 | $5.8B | — | ||
| Q4 24 | $7.0B | — | ||
| Q3 24 | $7.3B | — | ||
| Q2 24 | $7.6B | — | ||
| Q1 24 | $8.0B | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $222.8M | $10.7M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 4.62× | 0.88× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $222.8M | $10.7M | ||
| Q3 25 | $56.0M | — | ||
| Q2 25 | $52.0M | — | ||
| Q1 25 | $59.2M | — | ||
| Q4 24 | $299.5M | — | ||
| Q3 24 | $62.1M | — | ||
| Q2 24 | $70.4M | — | ||
| Q1 24 | $92.2M | — |
| Q4 25 | 4.62× | 0.88× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GNL
| Industrial And Distribution Segment | $56.0M | 48% |
| Office Segment | $30.8M | 26% |
| Single Tenant Retail Segment | $30.2M | 26% |
RMR
| Management Service Incentive | $23.6M | 35% |
| Industrial Logistics Properties Trust | $15.1M | 23% |
| Managed Private Real Estate Capital | $11.1M | 17% |
| Office Properties Income Trust | $5.6M | 8% |
| Other Private Entities | $5.3M | 8% |
| RMR Residential | $3.4M | 5% |
| Sonesta International Hotels Corporation | $2.1M | 3% |
| Investment Advisory Management And Administrative Service | $1.2M | 2% |
