Annual Statement Studies

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.


Since 1919, 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, along with Moody's 1-year and 5-year EDF calculations—which measure probability of default—and the Sustainable Growth Rate.

Together, these data sets form the Annual Statement Studies, and are the industry standard for financial statement analysis.

Available in three convenient formats

Choose the format that’s right for you, or compare all features below.

Member discounts may apply.  

Book

National data is available in traditional print format right now for the 2017-2018 Annual Statement Studies: Financial Ratio Benchmarks book.

$445

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Online

eStatement Studies combines data from the Annual Statement Studies: Financial Ratio Benchmarks book with data on Industry Default Probabilities and Cash Flow Measures, in addition to enabling you to break out regional data. Read more.

$625/user

Discounts available for
multiple users.

University-wide subscriptions available.

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Download

Single industry benchmark data is available online 24/7. Available for immediate PDF download, you'll get the same timely, high-quality information displayed exactly as it appears in the printed format.

$155

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For more information on the financial ratios used in the benchmark studies, download the Financial Ratio Benchmarks: Definition of Ratios or the Industry Default Probabilities and Cash Flow Measures Definition of Ratios.
MEMBER DISCOUNTS AVAILABLE

Please note that RMA members can purchase the 2017-2018 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.

Compare Statement Study Formats & Features

Scroll left to right to compare formats and features.

 
Book

$445

Online

$625/user

Download

$155

Format Printed Book Online Access + Ability to Download to Excel PDF Download
Use if... You want to have a traditional, hard copy record of valuable, benchmark data with 19 classic financial statement ratios clearly defined. 780 industries are presented using the 2012 North American Industry Classification System (NAICS) codes. You want 24/7 online access through eStatement Studies which includes data on Industry Default Probabilities and Cash Flow Measures as well as Financial Ratio Benchmarks. It also enables you to break out regional data and export all data into an Excel spreadsheet. You want data for one or two industries. You can browse the 780 industries and purchase only the ones you need. Available online for immediate download, single industry benchmark data is displayed exactly as it appears in the book.
Financial Ratio Benchmarks   Included   Included   Included  
Number of Industries Included 780 780 1 industry per download
Timeframe of Available Data 5 Years 19 Years 5 Years
Industry Default Probabilities and Cash Flow Measures   Not Included   780 Industries 700 Industries
Sector Reports Not Included   Included   Not Included  
Data Available for 6 Geographic Regions Not Included   Included   Not Included  
  Buy Now   Learn More

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Additional Information About Annual Statement Studies & RMA Industry Benchmark Data

 

Financial Ratio Benchmarks (2017-2018): Definition of Ratios (PDF)  

This introductory document will help you understand and interpret financial ratio benchmarks. It details the presentation of the report, including header, footer, and line item explanations; ratio definitions; formulas; and quartile commentary.

 

Sample Financial Ratio Benchmarks (PDF)  

Examine a sample report. All Financial Ratio Benchmark reports use this format.

 

Industry Default Probabilities and Cash Flow Measures (2017-2018): Definition of Ratios (PDF)  

This introductory document will help you understand and interpret the Industry Default Probabilities report. This document details presentation of the report, including header, footer, and line item explanations; ratio definitions; formulas; and Moody’s RiskCalc™ introduction and explanations.

 

Sample Industry Default Probabilities and Cash Flow Measures (PDF)  

Examine a sample report. All Industry Default Probabilities reports use this format.

 

Frequently Asked Questions  

Read our FAQ for more background on our industry benchmark data and financial ratios, and for guidance on how to read the RMA Annual Statement Studies.

 

Look Up My NAICS  

The North American Industry Classification System (NAICS) section of the U.S. Census website is a reliable resource for learning more about these standards and how to determine what NAICS code you should be using.

 

Mapping for 2007 NAICS to 2012 NAICS (Excel)  

The government changed the standardized codes. This file is provided for those who need to easily compare codes before and after the 2012 revision.

 

Opportunity for Software Incorporation  

If you are a software company and interested in incorporating and licensing the Annual Statement Studies data into your products, please contact Shea Scarpa Gardner, Manager, sscarpa@rmahq.org.