vs

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

Turning Point Brands, Inc. is the larger business by last-quarter revenue ($121.0M vs $66.7M, roughly 1.8× RMR GROUP INC.). RMR GROUP INC. runs the higher net margin — 18.3% vs 6.8%, a 11.5% gap on every dollar of revenue. On growth, RMR GROUP INC. posted the faster year-over-year revenue change (40.8% vs 29.2%).

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.

Turning Point Australia (TPAUS) is a conservative lobby group based in Australia, affiliated with Turning Point USA but independent of it. Founded by Joel Jammal and first registered in 2023, the group has become active in trying to influence the outcome of the 2026 South Australian state election in March 2026.

RMR vs TPB — Head-to-Head

Bigger by revenue
TPB
TPB
1.8× larger
TPB
$121.0M
$66.7M
RMR
Growing faster (revenue YoY)
RMR
RMR
+11.6% gap
RMR
40.8%
29.2%
TPB
Higher net margin
RMR
RMR
11.5% more per $
RMR
18.3%
6.8%
TPB

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
RMR
RMR
TPB
TPB
Revenue
$66.7M
$121.0M
Net Profit
$12.2M
$8.2M
Gross Margin
55.9%
Operating Margin
48.1%
16.5%
Net Margin
18.3%
6.8%
Revenue YoY
40.8%
29.2%
Net Profit YoY
91.1%
239.8%
EPS (diluted)
$0.71
$0.40

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
RMR
RMR
TPB
TPB
Q4 25
$66.7M
$121.0M
Q3 25
$119.0M
Q2 25
$116.6M
Q1 25
$106.4M
Q4 24
$93.7M
Q3 24
$90.7M
Q2 24
$93.2M
Q1 24
$83.1M
Net Profit
RMR
RMR
TPB
TPB
Q4 25
$12.2M
$8.2M
Q3 25
$21.1M
Q2 25
$14.5M
Q1 25
$14.4M
Q4 24
$2.4M
Q3 24
$12.4M
Q2 24
$13.0M
Q1 24
$12.0M
Gross Margin
RMR
RMR
TPB
TPB
Q4 25
55.9%
Q3 25
59.2%
Q2 25
57.1%
Q1 25
56.0%
Q4 24
56.0%
Q3 24
55.6%
Q2 24
54.1%
Q1 24
58.2%
Operating Margin
RMR
RMR
TPB
TPB
Q4 25
48.1%
16.5%
Q3 25
21.8%
Q2 25
22.6%
Q1 25
21.8%
Q4 24
19.1%
Q3 24
22.9%
Q2 24
24.5%
Q1 24
23.2%
Net Margin
RMR
RMR
TPB
TPB
Q4 25
18.3%
6.8%
Q3 25
17.7%
Q2 25
12.4%
Q1 25
13.5%
Q4 24
2.6%
Q3 24
13.6%
Q2 24
14.0%
Q1 24
14.5%
EPS (diluted)
RMR
RMR
TPB
TPB
Q4 25
$0.71
$0.40
Q3 25
$1.13
Q2 25
$0.79
Q1 25
$0.79
Q4 24
$0.15
Q3 24
$0.68
Q2 24
$0.68
Q1 24
$0.63

Balance Sheet & Financial Strength

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

Metric
RMR
RMR
TPB
TPB
Cash + ST InvestmentsLiquidity on hand
$49.3M
$222.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$232.7M
$372.0M
Total Assets
$687.1M
$763.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RMR
RMR
TPB
TPB
Q4 25
$49.3M
$222.8M
Q3 25
$201.2M
Q2 25
$109.9M
Q1 25
$99.6M
Q4 24
$48.9M
Q3 24
$33.6M
Q2 24
$142.2M
Q1 24
$130.9M
Stockholders' Equity
RMR
RMR
TPB
TPB
Q4 25
$232.7M
$372.0M
Q3 25
$358.2M
Q2 25
$224.8M
Q1 25
$203.4M
Q4 24
$190.4M
Q3 24
$185.7M
Q2 24
$172.8M
Q1 24
$160.0M
Total Assets
RMR
RMR
TPB
TPB
Q4 25
$687.1M
$763.8M
Q3 25
$742.8M
Q2 25
$595.8M
Q1 25
$564.6M
Q4 24
$493.4M
Q3 24
$488.0M
Q2 24
$591.6M
Q1 24
$586.3M

Cash Flow & Capital Efficiency

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

Metric
RMR
RMR
TPB
TPB
Operating Cash FlowLast quarter
$10.7M
$24.9M
Free Cash FlowOCF − Capex
$21.5M
FCF MarginFCF / Revenue
17.8%
Capex IntensityCapex / Revenue
2.8%
Cash ConversionOCF / Net Profit
0.88×
3.03×
TTM Free Cash FlowTrailing 4 quarters
$43.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RMR
RMR
TPB
TPB
Q4 25
$10.7M
$24.9M
Q3 25
$3.3M
Q2 25
$11.8M
Q1 25
$17.4M
Q4 24
$17.7M
Q3 24
$13.2M
Q2 24
$13.4M
Q1 24
$22.6M
Free Cash Flow
RMR
RMR
TPB
TPB
Q4 25
$21.5M
Q3 25
$-721.0K
Q2 25
$7.8M
Q1 25
$15.2M
Q4 24
$16.6M
Q3 24
$12.6M
Q2 24
$10.9M
Q1 24
$22.3M
FCF Margin
RMR
RMR
TPB
TPB
Q4 25
17.8%
Q3 25
-0.6%
Q2 25
6.7%
Q1 25
14.3%
Q4 24
17.8%
Q3 24
13.9%
Q2 24
11.7%
Q1 24
26.8%
Capex Intensity
RMR
RMR
TPB
TPB
Q4 25
2.8%
Q3 25
3.4%
Q2 25
3.4%
Q1 25
2.1%
Q4 24
1.2%
Q3 24
0.7%
Q2 24
2.7%
Q1 24
0.4%
Cash Conversion
RMR
RMR
TPB
TPB
Q4 25
0.88×
3.03×
Q3 25
0.16×
Q2 25
0.82×
Q1 25
1.21×
Q4 24
7.34×
Q3 24
1.07×
Q2 24
1.03×
Q1 24
1.89×

Financial Flow Comparison

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

Revenue Breakdown by Segment

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%

TPB
TPB

US$111.5M92%
Non Us$9.6M8%

Related Comparisons