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Side-by-side financial comparison of RMR GROUP INC. (RMR) and Valneva SE (VALN). Click either name above to swap in a different company.

RMR GROUP INC. is the larger business by last-quarter revenue ($66.7M vs $36.2M, roughly 1.8× Valneva SE). RMR GROUP INC. runs the higher net margin — 18.3% vs -54.1%, a 72.4% gap on every dollar of revenue.

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.

Valneva SE is a specialty vaccine company registered in Saint-Herblain, France, developing, producing and commercializing vaccines for infectious diseases. It has manufacturing sites in Livingston, Scotland; Solna, Sweden, and Vienna, Austria; with other offices in France, Canada and the United States.

RMR vs VALN — Head-to-Head

Bigger by revenue
RMR
RMR
1.8× larger
RMR
$66.7M
$36.2M
VALN
Higher net margin
RMR
RMR
72.4% more per $
RMR
18.3%
-54.1%
VALN

Income Statement — Q1 FY2026 vs Q1 FY2023

Metric
RMR
RMR
VALN
VALN
Revenue
$66.7M
$36.2M
Net Profit
$12.2M
$-19.6M
Gross Margin
38.9%
Operating Margin
48.1%
-49.5%
Net Margin
18.3%
-54.1%
Revenue YoY
40.8%
Net Profit YoY
91.1%
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
VALN
VALN
Q4 25
$66.7M
Q1 23
$36.2M
Q2 22
$93.2M
Net Profit
RMR
RMR
VALN
VALN
Q4 25
$12.2M
Q1 23
$-19.6M
Q2 22
Gross Margin
RMR
RMR
VALN
VALN
Q4 25
Q1 23
38.9%
Q2 22
Operating Margin
RMR
RMR
VALN
VALN
Q4 25
48.1%
Q1 23
-49.5%
Q2 22
-161.3%
Net Margin
RMR
RMR
VALN
VALN
Q4 25
18.3%
Q1 23
-54.1%
Q2 22
EPS (diluted)
RMR
RMR
VALN
VALN
Q4 25
$0.71
Q1 23
Q2 22

Balance Sheet & Financial Strength

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

Metric
RMR
RMR
VALN
VALN
Cash + ST InvestmentsLiquidity on hand
$49.3M
$274.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$232.7M
$221.2M
Total Assets
$687.1M
$637.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RMR
RMR
VALN
VALN
Q4 25
$49.3M
Q1 23
$274.8M
Q2 22
$363.1M
Stockholders' Equity
RMR
RMR
VALN
VALN
Q4 25
$232.7M
Q1 23
$221.2M
Q2 22
$100.7M
Total Assets
RMR
RMR
VALN
VALN
Q4 25
$687.1M
Q1 23
$637.2M
Q2 22
$783.1M

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
VALN
VALN
Operating Cash FlowLast quarter
$10.7M
$-26.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.88×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RMR
RMR
VALN
VALN
Q4 25
$10.7M
Q1 23
$-26.3M
Q2 22
Cash Conversion
RMR
RMR
VALN
VALN
Q4 25
0.88×
Q1 23
Q2 22

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%

VALN
VALN

Segment breakdown not available.

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