RB Global
RBA · NYSEServices-Business Services, NEC · Fiscal year ends Dec 31
RB Global reported revenue of $4.6B in the fiscal year ended Dec 2025, up 7.2% from the year before. Operating income was $713M, an operating margin of 15.5%, and net income was $428M. Operating cash flow of $978M less capital expenditure of $259M left free cash flow of $719M. Net debt was $1.8B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.7B | $3.7B | $4.3B | $4.6B |
| Selling, general & admin | $456M | $540M | $744M | $774M | $905M |
| Operating income | $241M | $454M | $471M | $761M | $713M |
| Interest expense | $37M | $58M | $214M | $234M | $192M |
| Pre-tax income | $205M | $406M | $282M | $550M | $536M |
| Income tax | $53M | $86M | $76M | $137M | $108M |
| Net income | $152M | $320M | $207M | $413M | $428M |
| Diluted EPS | 1.36 | 2.86 | 1.04 | 2.01 | 2.04 |
| Diluted shares | 111M | 112M | 168M | 185M | 187M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $326M | $494M | $576M | $534M | $532M |
| Receivables | $151M | $183M | $732M | $709M | $706M |
| Inventory | $102M | $103M | $167M | $122M | $140M |
| Current assets | $762M | $963M | $1.8B | $1.7B | $1.8B |
| Net PP&E | $449M | $459M | $1.2B | $1.3B | $1.5B |
| Goodwill | $948M | $949M | $4.5B | $4.5B | $4.7B |
| Total assets | $3.6B | $2.9B | $12B | $11.8B | $12.1B |
| Deferred revenue | – | $11M | $18M | $21M | $19M |
| Current liabilities | $588M | $795M | $1.3B | $1.3B | $1.6B |
| Short-term debt | $3M | $4M | $14M | $4M | $51M |
| Long-term debt | $1.7B | $577M | $3.1B | $2.6B | $2.3B |
| Total liabilities | $2.5B | $1.6B | $6.5B | $6.1B | $6.1B |
| Shareholders' equity | $1.1B | $1.3B | $5B | $5.2B | $5.6B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $318M | $463M | $544M | $932M | $978M |
| Capital expenditure | $10M | $32M | $228M | $167M | $259M |
| Free cash flow | $308M | $431M | $316M | $765M | $719M |
| Depreciation & amortisation | $88M | $97M | $352M | $444M | $483M |
| Stock-based compensation | $31M | $42M | $56M | $62M | $66M |
| Acquisitions | – | – | $2.8B | $9M | $193M |
| Dividends paid | $104M | $115M | $298M | $206M | – |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 22.4% | 112.2% | 16.4% | 7.2% |
| Operating income growth (YoY) | – | 88.2% | 3.9% | 61.5% | −6.3% |
| EPS growth (YoY) | – | 110.3% | −63.6% | 93.3% | 1.5% |
| Operating margin | 17.0% | 26.2% | 12.8% | 17.8% | 15.5% |
| Net margin | 10.7% | 18.4% | 5.6% | 9.6% | 9.3% |
| Return on equityBlank when equity is negative | 14.2% | 24.8% | 4.1% | 7.9% | 7.7% |
| ROCEEBIT ÷ (assets − current liabilities) | 8.0% | 21.9% | 4.4% | 7.3% | 6.8% |
| Free cash flow margin | 21.7% | 24.9% | 8.6% | 17.8% | 15.7% |
| Cash conversion (CFO ÷ net income) | 2.09x | 1.45x | 2.63x | 2.26x | 2.28x |
| Receivable days | 39 | 39 | 73 | 60 | 56 |
| Interest cover | 6.51x | 7.83x | 2.20x | 3.26x | 3.72x |
| Debt ÷ equity | 1.62x | 0.45x | 0.61x | 0.50x | 0.42x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $1.4B | $87M | $2.5B | $2.1B | $1.8B |
| Current ratio | 1.30x | 1.21x | 1.35x | 1.29x | 1.10x |
Recent filings
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Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.