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Side-by-side financial comparison of HALLADOR ENERGY CO (HNRG) and RMR GROUP INC. (RMR). Click either name above to swap in a different company.

HALLADOR ENERGY CO is the larger business by last-quarter revenue ($101.9M vs $66.7M, roughly 1.5× RMR GROUP INC.). RMR GROUP INC. runs the higher net margin — 18.3% vs -0.2%, a 18.5% gap on every dollar of revenue. On growth, RMR GROUP INC. posted the faster year-over-year revenue change (40.8% vs 8.9%).

Hallador Energy Co is a U.S.-based energy firm focused on low-sulfur coal production and electric generation operations. It serves the North American market, supplying coal to utility and industrial clients, and delivering power to regional residential and commercial segments.

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.

HNRG vs RMR — Head-to-Head

Bigger by revenue
HNRG
HNRG
1.5× larger
HNRG
$101.9M
$66.7M
RMR
Growing faster (revenue YoY)
RMR
RMR
+31.9% gap
RMR
40.8%
8.9%
HNRG
Higher net margin
RMR
RMR
18.5% more per $
RMR
18.3%
-0.2%
HNRG

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
HNRG
HNRG
RMR
RMR
Revenue
$101.9M
$66.7M
Net Profit
$-240.0K
$12.2M
Gross Margin
Operating Margin
6.1%
48.1%
Net Margin
-0.2%
18.3%
Revenue YoY
8.9%
40.8%
Net Profit YoY
99.9%
91.1%
EPS (diluted)
$-0.01
$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
HNRG
HNRG
RMR
RMR
Q4 25
$101.9M
$66.7M
Q3 25
$146.8M
Q2 25
$102.9M
Q1 25
$117.8M
Q4 24
$93.6M
Q3 24
$105.2M
Q2 24
$93.8M
Q1 24
$111.6M
Net Profit
HNRG
HNRG
RMR
RMR
Q4 25
$-240.0K
$12.2M
Q3 25
$23.9M
Q2 25
$8.2M
Q1 25
$10.0M
Q4 24
$-215.8M
Q3 24
$1.6M
Q2 24
$-10.2M
Q1 24
$-1.7M
Gross Margin
HNRG
HNRG
RMR
RMR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
23.7%
Operating Margin
HNRG
HNRG
RMR
RMR
Q4 25
6.1%
48.1%
Q3 25
19.8%
Q2 25
11.5%
Q1 25
11.8%
Q4 24
-233.5%
Q3 24
4.5%
Q2 24
-7.8%
Q1 24
2.4%
Net Margin
HNRG
HNRG
RMR
RMR
Q4 25
-0.2%
18.3%
Q3 25
16.3%
Q2 25
8.0%
Q1 25
8.5%
Q4 24
-230.5%
Q3 24
1.5%
Q2 24
-10.9%
Q1 24
-1.5%
EPS (diluted)
HNRG
HNRG
RMR
RMR
Q4 25
$-0.01
$0.71
Q3 25
$0.55
Q2 25
$0.19
Q1 25
$0.23
Q4 24
$-5.44
Q3 24
$0.04
Q2 24
$-0.27
Q1 24
$-0.05

Balance Sheet & Financial Strength

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

Metric
HNRG
HNRG
RMR
RMR
Cash + ST InvestmentsLiquidity on hand
$10.1M
$49.3M
Total DebtLower is stronger
$29.7M
Stockholders' EquityBook value
$159.8M
$232.7M
Total Assets
$408.1M
$687.1M
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HNRG
HNRG
RMR
RMR
Q4 25
$10.1M
$49.3M
Q3 25
$12.7M
Q2 25
$9.2M
Q1 25
$6.9M
Q4 24
$7.2M
Q3 24
$3.8M
Q2 24
$6.4M
Q1 24
$1.6M
Total Debt
HNRG
HNRG
RMR
RMR
Q4 25
$29.7M
Q3 25
$42.7M
Q2 25
$43.1M
Q1 25
$21.0M
Q4 24
$41.5M
Q3 24
$67.0M
Q2 24
$42.7M
Q1 24
$73.8M
Stockholders' Equity
HNRG
HNRG
RMR
RMR
Q4 25
$159.8M
$232.7M
Q3 25
$146.2M
Q2 25
$122.2M
Q1 25
$115.3M
Q4 24
$104.3M
Q3 24
$318.8M
Q2 24
$316.2M
Q1 24
$283.9M
Total Assets
HNRG
HNRG
RMR
RMR
Q4 25
$408.1M
$687.1M
Q3 25
$409.5M
Q2 25
$409.5M
Q1 25
$366.1M
Q4 24
$369.1M
Q3 24
$579.7M
Q2 24
$595.2M
Q1 24
$585.4M
Debt / Equity
HNRG
HNRG
RMR
RMR
Q4 25
0.19×
Q3 25
0.29×
Q2 25
0.35×
Q1 25
0.18×
Q4 24
0.40×
Q3 24
0.21×
Q2 24
0.13×
Q1 24
0.26×

Cash Flow & Capital Efficiency

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

Metric
HNRG
HNRG
RMR
RMR
Operating Cash FlowLast quarter
$8.2M
$10.7M
Free Cash FlowOCF − Capex
$-16.8M
FCF MarginFCF / Revenue
-16.5%
Capex IntensityCapex / Revenue
24.5%
Cash ConversionOCF / Net Profit
0.88×
TTM Free Cash FlowTrailing 4 quarters
$11.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HNRG
HNRG
RMR
RMR
Q4 25
$8.2M
$10.7M
Q3 25
$23.2M
Q2 25
$11.4M
Q1 25
$38.4M
Q4 24
$38.9M
Q3 24
$-12.9M
Q2 24
$23.5M
Q1 24
$16.4M
Free Cash Flow
HNRG
HNRG
RMR
RMR
Q4 25
$-16.8M
Q3 25
$3.7M
Q2 25
$-1.7M
Q1 25
$26.7M
Q4 24
$25.2M
Q3 24
$-24.5M
Q2 24
$10.4M
Q1 24
$1.5M
FCF Margin
HNRG
HNRG
RMR
RMR
Q4 25
-16.5%
Q3 25
2.5%
Q2 25
-1.6%
Q1 25
22.7%
Q4 24
26.9%
Q3 24
-23.3%
Q2 24
11.0%
Q1 24
1.3%
Capex Intensity
HNRG
HNRG
RMR
RMR
Q4 25
24.5%
Q3 25
13.3%
Q2 25
12.7%
Q1 25
9.9%
Q4 24
14.7%
Q3 24
11.0%
Q2 24
14.0%
Q1 24
13.3%
Cash Conversion
HNRG
HNRG
RMR
RMR
Q4 25
0.88×
Q3 25
0.97×
Q2 25
1.38×
Q1 25
3.85×
Q4 24
Q3 24
-8.31×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

HNRG
HNRG

Delivered Energy$58.6M57%
Coal Sales$29.1M29%
Coal Operations$14.4M14%

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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