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

Townsquare Media, Inc. is the larger business by last-quarter revenue ($106.5M vs $66.7M, roughly 1.6× RMR GROUP INC.). RMR GROUP INC. runs the higher net margin — 18.3% vs -4.9%, a 23.2% gap on every dollar of revenue. On growth, RMR GROUP INC. posted the faster year-over-year revenue change (40.8% vs -9.6%).

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.

Townsquare Media, Inc. is an American radio network and media company based in Purchase, New York. The company started in radio and expanded into digital media toward the end of the 2000s, starting with the acquisition of the MOG Music Network. As of June 2024, Townsquare was the third-largest AM–FM operator in the country, owning 349 radio stations in 74 markets.

RMR vs TSQ — Head-to-Head

Bigger by revenue
TSQ
TSQ
1.6× larger
TSQ
$106.5M
$66.7M
RMR
Growing faster (revenue YoY)
RMR
RMR
+50.4% gap
RMR
40.8%
-9.6%
TSQ
Higher net margin
RMR
RMR
23.2% more per $
RMR
18.3%
-4.9%
TSQ

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
RMR
RMR
TSQ
TSQ
Revenue
$66.7M
$106.5M
Net Profit
$12.2M
$-5.2M
Gross Margin
24.1%
Operating Margin
48.1%
9.5%
Net Margin
18.3%
-4.9%
Revenue YoY
40.8%
-9.6%
Net Profit YoY
91.1%
-121.2%
EPS (diluted)
$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
RMR
RMR
TSQ
TSQ
Q4 25
$66.7M
$106.5M
Q3 25
$106.8M
Q2 25
$115.4M
Q1 25
$98.7M
Q4 24
$117.8M
Q3 24
$115.3M
Q2 24
$118.2M
Q1 24
$99.6M
Net Profit
RMR
RMR
TSQ
TSQ
Q4 25
$12.2M
$-5.2M
Q3 25
$-5.9M
Q2 25
$1.6M
Q1 25
$-2.0M
Q4 24
$24.6M
Q3 24
$10.8M
Q2 24
$-49.2M
Q1 24
$1.1M
Gross Margin
RMR
RMR
TSQ
TSQ
Q4 25
24.1%
Q3 25
26.2%
Q2 25
28.3%
Q1 25
23.2%
Q4 24
31.6%
Q3 24
27.3%
Q2 24
27.7%
Q1 24
22.8%
Operating Margin
RMR
RMR
TSQ
TSQ
Q4 25
48.1%
9.5%
Q3 25
5.6%
Q2 25
18.2%
Q1 25
7.2%
Q4 24
18.1%
Q3 24
13.1%
Q2 24
-18.1%
Q1 24
6.7%
Net Margin
RMR
RMR
TSQ
TSQ
Q4 25
18.3%
-4.9%
Q3 25
-5.5%
Q2 25
1.4%
Q1 25
-2.0%
Q4 24
20.8%
Q3 24
9.4%
Q2 24
-41.7%
Q1 24
1.1%
EPS (diluted)
RMR
RMR
TSQ
TSQ
Q4 25
$0.71
Q3 25
$-0.36
Q2 25
$0.09
Q1 25
$-0.12
Q4 24
$1.76
Q3 24
$0.63
Q2 24
$-3.26
Q1 24
$0.06

Balance Sheet & Financial Strength

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

Metric
RMR
RMR
TSQ
TSQ
Cash + ST InvestmentsLiquidity on hand
$49.3M
$4.8M
Total DebtLower is stronger
$433.0M
Stockholders' EquityBook value
$232.7M
$-41.0M
Total Assets
$687.1M
$528.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RMR
RMR
TSQ
TSQ
Q4 25
$49.3M
$4.8M
Q3 25
$3.2M
Q2 25
$3.2M
Q1 25
$5.5M
Q4 24
$33.0M
Q3 24
$21.8M
Q2 24
$28.5M
Q1 24
$56.6M
Total Debt
RMR
RMR
TSQ
TSQ
Q4 25
$433.0M
Q3 25
$437.6M
Q2 25
$439.7M
Q1 25
$448.4M
Q4 24
$465.8M
Q3 24
$476.7M
Q2 24
$487.1M
Q1 24
$500.1M
Stockholders' Equity
RMR
RMR
TSQ
TSQ
Q4 25
$232.7M
$-41.0M
Q3 25
$-34.0M
Q2 25
$-27.1M
Q1 25
$-26.8M
Q4 24
$-28.4M
Q3 24
$-52.5M
Q2 24
$-64.1M
Q1 24
$1.8M
Total Assets
RMR
RMR
TSQ
TSQ
Q4 25
$687.1M
$528.6M
Q3 25
$539.2M
Q2 25
$545.7M
Q1 25
$544.5M
Q4 24
$580.4M
Q3 24
$565.4M
Q2 24
$579.6M
Q1 24
$636.7M
Debt / Equity
RMR
RMR
TSQ
TSQ
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
271.80×

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
TSQ
TSQ
Operating Cash FlowLast quarter
$10.7M
$12.6M
Free Cash FlowOCF − Capex
$9.2M
FCF MarginFCF / Revenue
8.6%
Capex IntensityCapex / Revenue
3.2%
Cash ConversionOCF / Net Profit
0.88×
TTM Free Cash FlowTrailing 4 quarters
$15.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RMR
RMR
TSQ
TSQ
Q4 25
$10.7M
$12.6M
Q3 25
$7.9M
Q2 25
$10.2M
Q1 25
$-66.0K
Q4 24
$28.2M
Q3 24
$9.9M
Q2 24
$9.0M
Q1 24
$1.7M
Free Cash Flow
RMR
RMR
TSQ
TSQ
Q4 25
$9.2M
Q3 25
$4.3M
Q2 25
$6.4M
Q1 25
$-4.5M
Q4 24
$24.5M
Q3 24
$4.8M
Q2 24
$4.8M
Q1 24
$-2.8M
FCF Margin
RMR
RMR
TSQ
TSQ
Q4 25
8.6%
Q3 25
4.1%
Q2 25
5.5%
Q1 25
-4.6%
Q4 24
20.8%
Q3 24
4.1%
Q2 24
4.0%
Q1 24
-2.8%
Capex Intensity
RMR
RMR
TSQ
TSQ
Q4 25
3.2%
Q3 25
3.3%
Q2 25
3.3%
Q1 25
4.5%
Q4 24
3.1%
Q3 24
4.4%
Q2 24
3.6%
Q1 24
4.4%
Cash Conversion
RMR
RMR
TSQ
TSQ
Q4 25
0.88×
Q3 25
Q2 25
6.51×
Q1 25
Q4 24
1.15×
Q3 24
0.91×
Q2 24
Q1 24
1.47×

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%

TSQ
TSQ

Broadcast Advertising Segment$46.4M44%
Digital Advertising Segment$41.7M39%
Subscription Digital Marketing Solutions Segment$18.4M17%

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