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.

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.

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 2019-2020 Annual Statement Studies: Financial Ratio Benchmarks book.

$480

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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.

$665/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.

$160

Discounts available when you buy three or more.

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Download an example of our Annual Statement Studies, industry bench marking report. Every industry in our database will have the same consistent, clean look displaying the same headers, footers, and line item details.

Save When You Bundle Individual Downloads

If you’re looking to purchase multiple individual downloads of our high-quality industry benchmarking data, then you’ll want to explore our bundled rates.

Learn More

Compare Statement Study Formats & Features

Scroll left to right to compare formats and features.

	Book $480	Online $665/user	Download $160
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. 732 industries are presented using the 2017 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 732 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	732	732	1 industry per download
Timeframe of Available Data	5 Years	22 Years	5 Years
Industry Default Probabilities and Cash Flow Measures	Not Included	611 Industries	611 Industries
Sector Reports	Not Included	Included	Not Included
Data Available for 6 Geographic Regions	Not Included	Included	Not Included
	Buy Now	Buy Now View More Details	Buy Now

Additional Information About Annual Statement Studies & RMA Industry Benchmark Data

Financial Ratio Benchmarks (2020-2021): 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.

Industry Default Probabilities and Cash Flow Measures (2020-2021): 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; and formulas.

Download an example of our Annual Statement Studies, industry bench marking report. (PDF)

Every industry in our database will have the same consistent, clean look displaying the same headers, footers, and line item details.

ValuSource + Annual Statement Studies Customer Story (PDF)

Learn how ValuSource, the leader in business valuation software, relies on Annual Statement Studies data to fuel its industry-leading business valuations.

Bringing RMA’s Annual Statement Studies to Life (Blog)

Take a look behind the scenes to learn how Statement Studies – the most trusted source of financial benchmarking data – comes to life year after year.

How nCino Enables Bankers to Perform Better Industry Analysis with Annual Statement Studies Data (Blog)

Read our Q&A with nCino, “the worldwide leader in cloud banking,” to learn how the company has embedded Statement Studies data in its widely used nCino Bank Operating System®.

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.

2020 Industry List

A full list of the industries that have been included in the 2020-21 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 2012 NAICS to 2017 NAICS (Excel)

The government changed the standardized codes. This file is provided for those who need to easily compare codes before and after the 2017 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.

Industry Financial Benchmarking for Small Businesses 101 (Blog)

Whether you’re a small business owner or a banker, read this blog to learn about the most important ratios in Statement Studies for benchmarking small businesses.

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