Annual Statement Studies

2020 FRB Definition of Ratios RMA's Annual Statement Studies® is the only source of comparative industry benchmark data that comes directly from the financial statements of small and medium-size business clients of RMA’s member institutions.

For more than 100 years, RMA has been the leader in providing the industry with reliable, and accurate financial benchmarking figures including standards for balance sheet and income statement line items, and 19-classic industry average ratios such as the current ratio, quick ratio, and turnover ratios. More recently, we have added data points to capture a borrower's movement within a particular industry, and the Sustainable Growth Rate. These data sets form the Annual Statement Studies, and are the industry standard for financial statement analysis.

Annual Statement Studies is available in three convenient formats:

  • "The Book": National data is available in traditional print format right now for the 2020-2021 Financial Ratio Benchmarks. 
  • Via the Web, eStatement Studies: This valuable service combines data from the  Annual Statement Studies: Financial Ratio Benchmarks book with data on Industry Default Probabilities and Cash Flow Measures and enables you to breakout regional data, via the Web.
  • Individual NAICS downloadsSingle industry benchmark data is available online 24/7 by individual 2017 NAICS (North American Industry Classification System) codes. Available for immediate download, you'll get the same timely, high-quality information displayed exactly as it appears in the printed format.

Please note that RMA members can purchase the 2020-2021 Financial Ratio Benchmarks and Individual NAICS downloads at a reduced price. 

If you're not yet a member and may be interested in becoming one, view the different types of memberships we offer to see what is best for you. 

Additional Information About Annual Statement Studies & RMA Industry Benchmark Data