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

Innoviva, Inc. is the larger business by last-quarter revenue ($114.6M vs $66.7M, roughly 1.7× RMR GROUP INC.). Innoviva, Inc. runs the higher net margin — 143.2% vs 18.3%, a 125.0% gap on every dollar of revenue. On growth, RMR GROUP INC. posted the faster year-over-year revenue change (40.8% vs 24.8%).

Innoviva, Inc. is a healthcare company specializing in the development, commercialization, and royalty management of prescription therapeutics for respiratory diseases, infectious diseases, and critical care conditions. It partners with leading global pharmaceutical firms to deliver treatments for asthma, COPD and other chronic illnesses to patients across core markets including North America and Europe.

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.

INVA vs RMR — Head-to-Head

Bigger by revenue
INVA
INVA
1.7× larger
INVA
$114.6M
$66.7M
RMR
Growing faster (revenue YoY)
RMR
RMR
+15.9% gap
RMR
40.8%
24.8%
INVA
Higher net margin
INVA
INVA
125.0% more per $
INVA
143.2%
18.3%
RMR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
INVA
INVA
RMR
RMR
Revenue
$114.6M
$66.7M
Net Profit
$164.2M
$12.2M
Gross Margin
66.0%
Operating Margin
34.0%
48.1%
Net Margin
143.2%
18.3%
Revenue YoY
24.8%
40.8%
Net Profit YoY
707.4%
91.1%
EPS (diluted)
$2.19
$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
INVA
INVA
RMR
RMR
Q4 25
$114.6M
$66.7M
Q3 25
$107.8M
Q2 25
$100.3M
Q1 25
$88.6M
Q4 24
$91.8M
Q3 24
$89.5M
Q2 24
$99.9M
Q1 24
$77.5M
Net Profit
INVA
INVA
RMR
RMR
Q4 25
$164.2M
$12.2M
Q3 25
$89.9M
Q2 25
$63.7M
Q1 25
$-46.6M
Q4 24
$20.3M
Q3 24
$1.2M
Q2 24
$-34.7M
Q1 24
$36.5M
Gross Margin
INVA
INVA
RMR
RMR
Q4 25
66.0%
Q3 25
70.1%
Q2 25
82.9%
Q1 25
82.7%
Q4 24
85.1%
Q3 24
81.6%
Q2 24
85.1%
Q1 24
77.5%
Operating Margin
INVA
INVA
RMR
RMR
Q4 25
34.0%
48.1%
Q3 25
32.1%
Q2 25
48.6%
Q1 25
46.7%
Q4 24
47.0%
Q3 24
48.3%
Q2 24
54.7%
Q1 24
33.3%
Net Margin
INVA
INVA
RMR
RMR
Q4 25
143.2%
18.3%
Q3 25
83.4%
Q2 25
63.5%
Q1 25
-52.6%
Q4 24
22.1%
Q3 24
1.4%
Q2 24
-34.7%
Q1 24
47.1%
EPS (diluted)
INVA
INVA
RMR
RMR
Q4 25
$2.19
$0.71
Q3 25
$1.08
Q2 25
$0.77
Q1 25
$-0.74
Q4 24
$0.43
Q3 24
$0.02
Q2 24
$-0.55
Q1 24
$0.46

Balance Sheet & Financial Strength

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

Metric
INVA
INVA
RMR
RMR
Cash + ST InvestmentsLiquidity on hand
$550.9M
$49.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
$232.7M
Total Assets
$1.6B
$687.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INVA
INVA
RMR
RMR
Q4 25
$550.9M
$49.3M
Q3 25
$476.5M
Q2 25
$397.5M
Q1 25
$319.1M
Q4 24
$305.0M
Q3 24
$260.6M
Q2 24
$217.0M
Q1 24
$178.4M
Stockholders' Equity
INVA
INVA
RMR
RMR
Q4 25
$1.2B
$232.7M
Q3 25
$1.0B
Q2 25
$714.8M
Q1 25
$646.9M
Q4 24
$691.2M
Q3 24
$668.5M
Q2 24
$665.5M
Q1 24
$703.7M
Total Assets
INVA
INVA
RMR
RMR
Q4 25
$1.6B
$687.1M
Q3 25
$1.4B
Q2 25
$1.3B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.2B
Q2 24
$1.2B
Q1 24
$1.3B

Cash Flow & Capital Efficiency

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

Metric
INVA
INVA
RMR
RMR
Operating Cash FlowLast quarter
$54.5M
$10.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.33×
0.88×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INVA
INVA
RMR
RMR
Q4 25
$54.5M
$10.7M
Q3 25
$49.7M
Q2 25
$44.1M
Q1 25
$48.6M
Q4 24
$59.2M
Q3 24
$48.7M
Q2 24
$43.7M
Q1 24
$37.0M
Free Cash Flow
INVA
INVA
RMR
RMR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$48.4M
Q2 24
Q1 24
FCF Margin
INVA
INVA
RMR
RMR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
54.1%
Q2 24
Q1 24
Capex Intensity
INVA
INVA
RMR
RMR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
0.3%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
INVA
INVA
RMR
RMR
Q4 25
0.33×
0.88×
Q3 25
0.55×
Q2 25
0.69×
Q1 25
Q4 24
2.91×
Q3 24
40.14×
Q2 24
Q1 24
1.01×

Financial Flow Comparison

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

Revenue Breakdown by Segment

INVA
INVA

Royalty$54.9M48%
Xacduro$32.1M28%
Giapreza$19.6M17%
Xerava$7.3M6%

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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