Loading institutional data...
Loading institutional data...
Held by 164 of 5,944 reporting institutions (90th percentile) — extremely crowded.
Data as of Q1 2026
Loading snapshot...
Loading financials...
Loading valuation...
Loading quality & risk...
Loading dividends & returns...
Loading capital allocation...
Loading debt & leverage...
Loading performance...
Loading peer comparison...
Loading ownership map...
Loading crowding analysis...
Loading conviction analysis...
Loading buy/sell flow...
Loading ownership trends...
Loading top holders...
Loading top holders...
Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $18.95 today, the market must believe free cash flow compounds -16.8%/yr for a decade (off $79M normalized FCF).
The market's -16.8% is more conservative than its 9-yr track record.
2-stage DCF · 0.02B shares · net debt -$18M
mean 6.6% · volatility σ 45% · implied rate exceeded in 7/9 yrs
Central path = implied -16.8%/yr growth; shaded band = ±1σ (45%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
EOD close · as of 2026-08-05 · 15d old
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $700.3M 100.0% | $897.6M 100.0% | $962.3M 100.0% | $832.5M 100.0% | $607.2M 100.0% | $589.5M 100.0% | $713.4M 100.0% | $405.0M 100.0% | $271.7M 100.0% | $266.9M 100.0% |
| Cost of Services | — | — | — | — | — | — | — | — | $99.8M 36.7% | $92.0M 34.5% |
| Selling, General & Admin | $42.5M 6.1% | $43.7M 4.9% | $36.0M 3.7% | $32.9M 4.0% | $27.0M 4.4% | $26.5M 4.5% | $28.7M 4.0% | $27.1M 6.7% | $25.2M 9.3% | $23.2M 8.7% |
| Total Operating Expenses | $658.5M 94.0% | $852.6M 95.0% | $848.6M 88.2% | $744.1M 89.4% | $535.1M 88.1% | $520.8M 88.3% | $515.6M 72.3% | $153.0M 37.8% | $136.2M 50.1% | $120.2M 45.0% |
| Operating Income | $41.8M 6.0% | $45.0M 5.0% | $113.7M 11.8% | $88.4M 10.6% | $72.1M 11.9% | $68.7M 11.7% | $197.8M 27.7% | $252.0M 62.2% | $135.6M 49.9% | $146.7M 55.0% |
| Interest Expense | $4.3M 0.6% | $783K 0.1% | $0 0.0% | $0 0.0% | — | — | — | — | — | — |
| Interest & Investment Income | — | $1.4M 0.2% | $0 0.0% | $0 0.0% | — | — | — | — | — | — |
| Pretax Income | $46.4M 6.6% | $64.4M 7.2% | $149.5M 15.5% | $90.7M 10.9% | $94.2M 15.5% | $77.9M 13.2% | $196.4M 27.5% | $276.3M 68.2% | $136.9M 50.4% | $146.9M 55.0% |
| Income Tax Expense | $7.7M 1.1% | $11.3M 1.3% | $21.8M 2.3% | $13.2M 1.6% | $13.2M 2.2% | $11.6M 2.0% | $27.3M 3.8% | $58.9M 14.5% | $28.3M 10.4% | $24.6M 9.2% |
| Net Income | $17.6M 2.5% | $23.1M 2.6% | $57.1M 5.9% | $34.0M 4.1% | $35.7M 5.9% | $28.8M 4.9% | $74.6M 10.5% | $96.0M 23.7% | $42.3M 15.6% | $37.2M 14.0% |
| Per Share | ||||||||||
| EPS (Basic) | $1.03 | $1.38 | $3.44 | $2.06 | $2.18 | $1.77 | $4.59 | $5.94 | $2.63 | $2.33 |
| EPS (Diluted) | $1.03 | $1.38 | $3.44 | $2.04 | $2.15 | $1.75 | $4.59 | $5.92 | $2.63 | $2.33 |
| Weighted Avg Shares (Basic) | 16.6M | 16.5M | 16.4M | 16.3M | 16.3M | 16.2M | 16.1M | 16.1M | 16.0M | 16.0M |
| Weighted Avg Shares (Diluted) | 16.6M | 16.5M | 16.4M | 31.3M | 31.3M | 31.2M | 16.1M | 16.1M | 16.0M | 16.0M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
3/7 of the 9 checks — 2 couldn't be scored (see above), so the score is out of the 7 with data.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Earnings are backed by cash (FCF ≥ net income) — high quality. Lower/negative accruals = higher quality (Sloan).
Comfortably covers interest.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
The dividend is comfortably covered — only 40% of free cash flow, leaving room to grow it and fund buybacks. Last year: $30M dividends + $903000 buybacks = $31M returned on $76M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: 6%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~9.7% on $45M of debt.
Cash vs short-term debt unavailable.
Mostly long-term debt (balance-sheet current vs non-current split). A year-by-year maturity schedule wasn't disclosed for this issuer.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
EOD close · as of 2026-08-05
No material risks flagged.
Where each multiple sits in its own 10-yr range · 78th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 10-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Low operating leverage — profit tracks sales closely (stable, less cyclical).
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| SG&A | 6.7 | 4.0 | 4.5 | 4.4 | 4.0 | 3.7 | 4.9 | 6.1 |
| Operating Income | 62.2 | 27.7 | 11.7 | 11.9 | 10.6 | 11.8 | 5.0 | 6.0 |
| Income Tax | 14.5 | 3.8 | 2.0 | 2.2 | 1.6 | 2.3 | 1.3 | 1.1 |
| Net Income | 23.7 | 10.5 | 4.9 | 5.9 | 4.1 | 5.9 | 2.6 | 2.5 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on RMR: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Ranked against 190 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WELL | $165.2B | 170.7× | — | 15.3× | 35.6% | 40.1% | 8.6% | 2.2% | 1.5% | — | 1,425 |
| EQIX | $103.7B | 76.8× | 26.2× | 11.3× | 5.4% | 51.1% | 14.6% | 9.5% | 9.5% | — | 1,229 |
| AMT | $78.4B | 31.1× | 12.9× | 7.4× | 5.1% | — | 24.7% | 72.0% | 72.0% | — | 1,662 |
| O | $58.6B | 53.6× | — | 10.2× | 9.1% | — | 18.4% | 2.7% | 2.7% | — | 1,389 |
| XHG | $47.8B | — | — | 932.4× | -82.2% | 2.2% | -205% | 11.9% | 12.4% | — | 1 |
| PLDGP | $47.6B | 14.4× | — | 5.4× | 7.2% | — | 37.9% | 6.3% | 3.8% | — | 9 |
| CBRE | $44.7B | 39.3× | — | 1.1× | 13.4% | 18.7% | 2.9% | 13.0% | 7.1% | — | 1,020 |
| VTR | $43.9B | 171.3× | — | 7.5× | 18.5% | — | 4.5% | 2.1% | 1.0% | — | 891 |
| IRM | $37.6B | 259.4× | 24.5× | 5.5× | 12.2% | — | 2.2% | -15.5% | 1.0% | 7.4× | 1,043 |
| EXR | $31.7B | 32.7× | 14.8× | 9.4× | 3.7% | 72.8% | 28.8% | 7.3% | 7.3% | — | 722 |
| VICI | $28.2B | 10.1× | — | 7.0× | 4.1% | 99.3% | 69.3% | 10.0% | 6.2% | — | 898 |
| AVB | $26.6B | 25.6× | 12.2× | 8.7× | 4.4% | — | 34.7% | 9.1% | 5.0% | 3.2× | 715 |
| EQR | $25.6B | 23.0× | — | — | — | — | — | 10.1% | 5.8% | — | 681 |
| SBAC | $18.9B | 18.2× | 20.0× | 6.7× | 5.1% | 75.5% | 37.4% | -21.7% | 17.2% | 7.4× | 636 |
| BEKE | $18.7B | 140.8× | 40.7× | 1.4× | -85.5% | 21.4% | 3.2% | 4.5% | 4.4% | 0.4× | 197 |
| INVH | $18.6B | 31.8× | — | 6.8× | 4.2% | — | 21.5% | 6.2% | 3.3% | — | 560 |
| WY | $18.6B | 57.4× | 18.7× | 2.7× | -3.1% | 14.8% | 4.7% | 3.4% | 2.2% | 4.1× | 868 |
| ESS | $18.6B | 27.7× | 12.3× | 9.8× | 6.4% | 69.9% | 37.2% | 12.7% | 12.7% | — | 582 |
| JLL | $17.5B | 22.8× | 13.8× | 0.7× | 11.4% | — | 3.0% | 10.6% | 9.3% | 0.8× | 615 |
| HST | $17.3B | 22.9× | — | 2.8× | 7.6% | — | 12.5% | 11.7% | 9.8% | — | 656 |
| LAMR | $16.1B | 27.4× | — | 7.1× | 2.7% | 67.0% | 25.9% | 57.3% | 14.0% | — | 655 |
| WPC | $15.8B | — | — | 9.2× | 8.4% | — | 27.2% | 5.7% | 2.8% | — | 834 |
| DOC | $15.1B | 217.9× | — | 5.4× | 4.5% | — | 2.5% | 1.0% | 0.4% | — | 724 |
| SUI | $14.9B | 11.2× | — | 6.5× | 2.0% | — | 61.3% | 20.3% | 20.3% | — | 487 |
| OHI | $14.4B | 25.1× | — | 12.1× | 13.2% | — | 0.1% | 0.0% | 0.0% | — | 718 |
| RMR | $315M | 18.4× | 5.6× | 0.5× | -22.0% | — | 2.5% | 7.7% | 6.5% | 0.8× | 164 |
Peers = companies sharing RMR's sector (Real Estate) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.