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MRM Financials Medirom Healthcare Technologies Inc.

6 years of revenue, profit, cash flow and balance-sheet history through FY2024, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 16.3% per year over the past 5 years.
  • Net income has grown faster than revenue (53.7% vs 16.3% per year).
  • Operating margin has contracted, at -0.2% in the latest year.

Financial health

  • Total debt ($1.9B) exceeds cash ($2M); net debt is $1.9B.
  • Total debt has grown faster than revenue (40.6% vs 16.3% per year).
  • Operating income covered interest expense -0.4× in the latest year.
  • Total debt is 6.9× EBITDA.
Revenue & net income
-$991M $4B $8B $0 2019 2020 2021 2022 2023 2024
RevenueNet income
Margins (gross / operating / net)
-22% 3% 27% 0% 2019 2020 2021 2022 2023 2024
GrossOperatingNet
Free cash flow (CFO − capex)
-$1B -$701M $464000 $0 2019 2020 2021 2022 2023 2024
Free cash flow
Cash vs total debt
$0 $938M $2B 2019 2020 2021 2022 2023 2024
CashTotal debt
Cash flow: operating / investing / financing
-$1B $50M $1B $0 2019 2020 2021 2022 2023 2024
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2024 $8.3B $149M 27.1% -0.2% -$1.4B $1.9B $2M
2023 $6.8B $115M 23.0% -5.7% -$768M $1.6B $755000
2022 $7.0B $149M 27.4% 1.4% -$806M $1.2B $5M
2021 $5.4B -$991M 0.0% -8.7% -$653M $909M
2020 $3.3B -$539M 0.0% -22.3% -$440M $911M
2019 $3.9B $17M 0.0% 0.9% $464000 $342M

Valuation over time

How the market has priced MRM against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / sales (P/S)
0.0 0.0 0.0 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is MRM growing its revenue and profit?

Over the past 5 years, Medirom Healthcare Technologies Inc.'s revenue has grown 16.3% per year, and net income grown 53.7% per year. These are computed facts, not advice.

How much debt does MRM have?

As of FY2024, Medirom Healthcare Technologies Inc. reported $1.9B of total debt against $2M of cash; operating income covered interest expense -0.4×.

What is MRM's profit margin?

In FY2024, gross margin was 27.1%, operating margin -0.2%, and net margin 1.8%.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.