RB Global (RBA) Financials

$102.46 +0.67 (+0.66%)

As of 12:04 PM Eastern

Annual Income Statements for RB Global

This table shows RB Global's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	136	92	149	170	152	320	175	373
Consolidated Net Income / (Loss)	139	94	149	170	152	320	206	413
Net Income / (Loss) Continuing Operations	139	94	149	170	152	320	206	413
Total Pre-Tax Income	176	130	191	236	205	406	282	550
Total Operating Income	173	136	223	263	241	454	471	761
Total Gross Profit	460	500	673	754	814	957	1,778	2,005
Total Revenue	516	1,127	1,319	1,377	1,417	1,734	3,680	4,284
Operating Revenue	516	1,127	1,319	1,377	1,417	1,734	3,680	4,284
Total Cost of Revenue	56	627	646	623	603	777	1,901	2,280
Operating Cost of Revenue	56	627	646	623	603	777	1,901	2,280
Total Operating Expenses	287	365	450	491	573	504	1,307	1,244
Selling, General & Admin Expense	254	284	382	410	456	540	744	774
Depreciation Expense	42	41	71	75	88	97	352	444
Restructuring Charge	0.60	12	0.78	6.01	30	37	216	29
Other Special Charges / (Income)	-9.69	-1.28	-1.11	-1.56	-1.40	-171	-4.90	-3.80
Total Other Income / (Expense), net	3.92	-5.23	-32	-27	-36	-48	-189	-211
Interest Expense	4.96	12	41	36	37	58	214	234
Interest & Investment Income	3.58	-	-	2.34	1.40	7.00	22	26
Other Income / (Expense), net	5.30	7.12	8.84	5.96	-0.10	3.40	2.90	-3.60
Income Tax Expense	38	37	42	66	53	86	76	137
Preferred Stock Dividends Declared	-	-	-	-	0.00	0.00	24	27
Net Income / (Loss) Attributable to Noncontrolling Interest	2.36	1.68	0.10	0.26	0.00	0.10	6.80	13
Basic Earnings per Share	$1.27	$0.86	$1.37	$1.56	$1.38	$2.89	$1.05	$2.03
Weighted Average Basic Shares Outstanding	107.08M	106.63M	108.52M	109.05M	110.32M	110.78M	166.96M	183.96M
Diluted Earnings per Share	$1.27	$0.85	$1.36	$1.54	$1.36	$2.86	$1.04	$2.01
Weighted Average Diluted Shares Outstanding	107.43M	107.46M	109.76M	110.31M	111.41M	111.89M	168.20M	185.25M
Weighted Average Basic & Diluted Shares Outstanding	107.30M	106.80M	-	109.91M	110.63M	111.14M	183.02M	184.75M
Cash Dividends to Common per Share	-	-	-	-	-	$1.04	-	$1.12

This table shows RB Global's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	43	45	-34	77	55	77	97	101	67	108	103
Consolidated Net Income / (Loss)	43	45	-28	87	63	84	107	111	76	118	113
Net Income / (Loss) Continuing Operations	43	45	-28	87	63	84	107	111	76	118	113
Total Pre-Tax Income	58	59	-38	119	86	114	140	148	102	160	143
Total Operating Income	64	66	-25	180	146	171	199	202	153	207	190
Total Gross Profit	223	248	285	527	473	494	515	525	449	516	512
Total Revenue	412	444	512	1,107	1,020	1,041	1,065	1,096	982	1,142	1,109
Operating Revenue	412	444	512	1,107	1,020	1,041	1,065	1,096	982	1,142	1,109
Total Cost of Revenue	189	196	228	579	547	547	550	572	533	625	597
Operating Cost of Revenue	189	196	228	579	547	547	550	572	533	625	597
Total Operating Expenses	159	182	309	348	327	323	316	323	295	309	322
Selling, General & Admin Expense	133	136	148	195	204	198	198	209	178	189	205
Depreciation Expense	24	24	36	110	101	105	108	110	112	115	115
Restructuring Charge	2.00	22	126	46	23	21	13	4.10	6.00	6.10	3.10
Other Special Charges / (Income)	-0.30	-0.40	-1.20	-2.70	-0.50	-0.50	-2.40	-0.30	-0.50	-0.60	-0.40
Total Other Income / (Expense), net	-5.90	-6.60	-13	-60	-60	-57	-59	-54	-51	-47	-47
Interest Expense	9.20	9.50	21	65	64	64	64	60	57	53	50
Interest & Investment Income	1.80	3.80	6.30	5.00	4.50	6.20	6.60	6.80	6.90	5.90	3.00
Other Income / (Expense), net	1.50	-0.90	2.00	-0.20	-0.30	1.40	-1.70	-1.20	-0.90	0.20	0.30
Income Tax Expense	15	14	-9.30	33	23	30	33	37	26	42	30
Preferred Stock Dividends Declared	0.00	-	4.30	6.70	6.70	6.60	6.70	6.70	6.70	6.60	6.70
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.10	1.70	2.70	1.80	0.60	3.60	3.60	2.40	3.80	3.70
Basic Earnings per Share	$0.39	$0.41	($0.28)	$0.43	$0.30	$0.60	$0.53	$0.55	$0.36	$0.59	$0.56
Weighted Average Basic Shares Outstanding	110.84M	110.78M	120.49M	181.86M	182.15M	166.96M	183.06M	183.89M	184.30M	183.96M	184.82M
Diluted Earnings per Share	$0.38	$0.40	($0.28)	$0.42	$0.30	$0.60	$0.53	$0.54	$0.36	$0.58	$0.55
Weighted Average Diluted Shares Outstanding	112.21M	111.89M	120.49M	182.81M	183.60M	168.20M	184.58M	184.91M	185.50M	185.25M	186.35M
Weighted Average Basic & Diluted Shares Outstanding	110.87M	111.14M	181.79M	182.14M	182.33M	183.02M	183.72M	184.25M	184.41M	184.75M	185.19M
Cash Dividends to Common per Share	-	-	-	-	$0.27	-	-	-	$0.29	-	$0.29

This table details how cash moves in and out of RB Global's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	86	465	-427	-26	115	-113	1,056	-737	122	-39
Net Cash From Operating Activities	196	178	148	144	333	258	318	463	544	932
Net Cash From Continuing Operating Activities	196	178	148	144	333	258	318	463	544	932
Net Income / (Loss) Continuing Operations	139	94	75	122	149	170	152	320	206	413
Consolidated Net Income / (Loss)	139	94	75	122	149	170	152	320	206	413
Depreciation Expense	42	41	53	67	71	75	88	97	352	444
Amortization Expense	-	0.36	3.06	5.00	4.09	3.12	16	23	10	167
Non-Cash Adjustments To Reconcile Net Income	-4.72	36	25	13	21	28	34	-131	182	78
Changes in Operating Assets and Liabilities, net	21	6.43	-8.23	-62	88	-19	28	154	-207	-170
Net Cash From Investing Activities	-29	-117	-711	-31	-36	-277	-214	77	-3,108	-302
Net Cash From Continuing Investing Activities	-29	-117	-711	-31	-36	-277	-214	77	-3,108	-302
Purchase of Property, Plant & Equipment	-22	-19	-11	-17	-14	-14	-9.80	-32	-228	-167
Acquisitions	-12	-35	-29	-26	-27	-29	-205	-40	-2,897	-118
Sale of Property, Plant & Equipment	17	6.69	4.99	11	5.93	16	1.90	166	33	2.60
Sale and/or Maturity of Investments	-	-	0.00	0.00	0.00	7.44	1.10	5.50	4.00	8.10
Other Investing Activities, net	-12	-70	-0.69	1.47	-0.98	-7.37	-2.60	-22	-20	-27
Net Cash From Financing Activities	-81	404	119	-134	-187	-111	961	-1,258	2,676	-646
Net Cash From Continuing Financing Activities	-81	404	119	-134	-187	-111	961	-1,258	2,676	-648
Repayment of Debt	-8.63	-225	-150	-99	-76	-16	-33	-1,135	-696	-455
Payment of Dividends	-66	-74	-73	-76	-83	-92	-110	-115	-328	-240
Issuance of Debt	11	715	332	20	-16	21	1,107	0.80	3,160	15
Issuance of Common Equity	30	24	9.94	29	41	44	16	5.90	541	76
Other Financing Activities, net	-	-	0.00	-7.85	-12	-16	-20	-14	0.60	-43
Effect of Exchange Rate Changes	-	-	17	-4.77	5.17	17	-8.80	-19	10	-24

This table details how cash moves in and out of RB Global's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	-17	111	81	-134	-14	189	-151	148	45	-81	13
Net Cash From Operating Activities	66	199	-57	107	157	337	125	337	285	185	157
Net Cash From Continuing Operating Activities	66	198	-57	107	157	337	125	337	285	185	157
Net Income / (Loss) Continuing Operations	43	45	-28	87	63	84	107	111	76	118	113
Consolidated Net Income / (Loss)	43	45	-28	87	63	84	107	111	76	118	113
Depreciation Expense	24	24	36	110	101	105	108	110	112	115	115
Amortization Expense	15	6.30	0.90	42	38	-70	41	41	42	43	2.10
Non-Cash Adjustments To Reconcile Net Income	-3.90	0.90	23	7.10	13	139	6.60	31	9.20	31	55
Changes in Operating Assets and Liabilities, net	-12	121	-89	-138	-58	78	-138	44	46	-122	-128
Net Cash From Investing Activities	-32	-31	-2,823	-70	-110	-106	-78	-54	-78	-92	-102
Net Cash From Continuing Investing Activities	-32	-31	-2,823	-70	-110	-106	-78	-54	-78	-92	-102
Purchase of Property, Plant & Equipment	-22	-5.70	-24	-69	-61	-74	-45	-29	-37	-57	-54
Acquisitions	-13	-12	-2,801	-24	-38	-34	-28	-28	-28	-34	-28
Sale of Property, Plant & Equipment	0.10	0.30	1.40	30	0.50	1.00	0.50	0.50	0.50	1.10	1.10
Sale and/or Maturity of Investments	3.10	0.80	0.70	0.90	0.70	1.70	0.90	3.10	2.30	1.80	1.40
Other Investing Activities, net	-0.90	-15	-0.90	-7.30	-11	-0.70	-5.30	-1.30	-16	-3.90	-22
Net Cash From Financing Activities	-38	-64	2,959	-174	-55	-53	-191	-132	-169	-154	-45
Net Cash From Continuing Financing Activities	-38	-64	2,959	-174	-67	-42	-192	-132	-170	-155	-45
Repayment of Debt	-5.30	-33	-540	-104	-1.20	-51	-139	-113	-101	-101	-1.00
Payment of Dividends	-30	-30	-155	-58	-58	-58	-58	-58	-62	-62	-62
Issuance of Debt	-2.70	0.80	3,170	-6.10	-12	8.40	0.00	16	0.20	-1.90	35
Issuance of Common Equity	2.90	0.10	498	3.30	12	28	22	30	5.60	18	4.30
Other Financing Activities, net	-2.70	-2.50	-14	-9.90	-6.70	31	-17	-7.20	-12	-7.00	-21
Effect of Exchange Rate Changes	-13	6.80	2.90	2.90	-5.70	10	-6.90	-3.40	6.20	-20	3.10

This table presents RB Global's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	1,120	1,600	2,017	2,052	2,229	2,352	3,593	2,864	12,037	11,807
Total Current Assets	430	378	508	604	680	557	762	963	1,814	1,715
Cash & Equivalents	210	208	268	238	360	279	326	494	576	534
Restricted Cash	83	50	63	68	61	28	103	132	172	175
Accounts Receivable	59	53	92	129	137	130	146	183	732	709
Inventories, net	58	28	38	113	65	86	102	103	167	122
Prepaid Expenses	11	19	-	-	-	-	-	0.00	67	68
Current Deferred & Refundable Income Taxes	2.50	13	19	6.37	6.81	6.80	20	2.60	10	30
Other Current Assets	5.43	6.25	28	49	50	27	64	48	91	77
Plant, Property, & Equipment, net	529	515	527	487	484	492	449	459	1,201	1,275
Total Noncurrent Assets	161	707	982	962	1,065	1,303	2,382	1,442	9,023	8,817
Goodwill	91	98	671	672	672	841	948	949	4,537	4,512
Intangible Assets	47	72	261	246	233	301	351	323	2,914	2,669
Noncurrent Deferred & Refundable Income Taxes	13	9.09	19	16	14	13	7.41	6.60	10	8.80
Other Noncurrent Operating Assets	3.37	20	32	29	146	148	1,076	163	1,561	1,628
Total Liabilities & Shareholders' Equity	1,120	1,600	2,017	2,052	2,229	2,352	3,593	2,864	12,037	11,807
Total Liabilities	388	904	1,264	1,216	1,322	1,339	2,522	1,574	6,528	6,091
Total Current Liabilities	290	253	388	440	501	515	588	795	1,343	1,331
Short-Term Debt	56	24	24	33	23	40	9.65	34	28	32
Accounts Payable	120	125	165	201	194	244	280	259	686	782
Current Deferred & Payable Income Tax Liabilities	13	5.36	0.73	2.31	7.81	17	5.68	41	8.50	26
Other Current Liabilities	101	99	199	204	276	214	293	462	621	491
Total Noncurrent Liabilities	98	651	875	776	821	825	1,933	778	5,185	4,759
Long-Term Debt	55	596	796	698	627	626	1,734	577	3,062	2,622
Noncurrent Deferred & Payable Income Tax Liabilities	31	17	32	36	43	45	52	54	683	609
Other Noncurrent Operating Liabilities	12	38	47	42	151	153	147	147	1,441	1,529
Redeemable Noncontrolling Interest	25	3.95	9.01	0.92	-	-	-	0.00	490	490
Total Equity & Noncontrolling Interests	707	692	745	836	907	1,012	1,071	1,290	5,019	5,226
Total Preferred & Common Equity	703	687	740	831	902	1,007	1,071	1,290	5,017	5,224
Preferred Stock	-	-	-	-	-	-	-	-	0.00	0.00
Total Common Equity	703	687	740	831	902	1,007	1,071	1,290	5,017	5,224
Common Stock	159	153	180	239	247	250	287	332	4,142	4,259
Retained Earnings	601	601	603	648	714	792	840	1,043	919	1,090
Accumulated Other Comprehensive Income / (Loss)	-57	-67	-43	-56	-59	-34	-56	-85	-44	-125
Noncontrolling Interest	4.18	4.77	5.07	5.07	5.15	5.15	0.39	0.50	2.30	2.30

This table presents RB Global's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	2,823	11,868	11,911	12,013	12,045	12,079	11,932	11,887
Total Current Assets	954	1,830	1,832	1,835	1,885	1,966	1,859	1,783
Cash & Equivalents	439	568	433	428	463	600	651	578
Restricted Cash	76	139	140	131	135	146	139	144
Accounts Receivable	303	789	895	909	945	912	736	770
Inventories, net	101	207	180	174	173	146	164	133
Prepaid Expenses	-	23	56	66	60	57	61	61
Current Deferred & Refundable Income Taxes	6.52	21	44	43	15	22	25	19
Other Current Assets	28	83	84	83	95	83	82	77
Plant, Property, & Equipment, net	445	1,145	1,138	1,150	1,215	1,231	1,260	1,319
Total Noncurrent Assets	1,424	8,893	8,941	9,028	8,946	8,882	8,814	8,786
Goodwill	947	4,769	4,705	4,508	4,529	4,526	4,537	4,515
Intangible Assets	323	2,671	2,735	2,953	2,854	2,792	2,737	2,611
Noncurrent Deferred & Refundable Income Taxes	6.28	9.20	8.90	8.50	12	17	12	9.50
Other Noncurrent Operating Assets	148	1,445	1,493	1,558	1,551	1,548	1,529	1,650
Total Liabilities & Shareholders' Equity	2,823	11,868	11,911	12,013	12,045	12,079	11,932	11,887
Total Liabilities	1,583	6,513	6,499	6,608	6,486	6,431	6,230	6,111
Total Current Liabilities	752	1,405	1,384	1,403	1,464	1,518	1,449	1,363
Short-Term Debt	5.93	119	36	46	29	34	36	67
Accounts Payable	266	558	609	579	619	709	741	619
Current Deferred & Payable Income Tax Liabilities	39	7.00	6.50	6.90	33	8.70	9.30	7.70
Other Current Liabilities	441	720	733	771	783	766	663	670
Total Noncurrent Liabilities	831	5,109	5,115	5,205	5,022	4,913	4,781	4,748
Long-Term Debt	633	3,125	3,105	3,081	2,922	2,823	2,725	2,623
Noncurrent Deferred & Payable Income Tax Liabilities	61	659	669	716	675	657	640	605
Other Noncurrent Operating Liabilities	137	1,326	1,341	1,409	1,426	1,433	1,417	1,521
Redeemable Noncontrolling Interest	-	491	491	491	490	490	490	490
Total Equity & Noncontrolling Interests	1,239	4,864	4,922	4,914	5,069	5,158	5,212	5,286
Total Preferred & Common Equity	1,239	4,862	4,920	4,912	5,066	5,155	5,209	5,284
Preferred Stock	-	-	-	-	-	0.00	0.00	0.00
Total Common Equity	1,239	4,862	4,920	4,912	5,066	5,155	5,209	5,284
Common Stock	321	4,073	4,085	4,103	4,168	4,215	4,226	4,257
Retained Earnings	1,028	858	887	893	968	1,020	1,034	1,141
Accumulated Other Comprehensive Income / (Loss)	-110	-70	-52	-84	-69	-80	-51	-114
Noncontrolling Interest	0.40	2.30	2.30	2.30	2.30	2.30	2.40	2.40

This table displays calculated financial ratios and metrics derived from RB Global's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.23%	118.46%	0.00%	0.00%	0.00%	4.45%	2.89%	22.36%	112.23%	16.43%
EBITDA Growth	24.80%	-16.28%	-6.86%	56.83%	14.05%	13.22%	-0.77%	67.61%	44.87%	63.65%
EBIT Growth	35.09%	-19.67%	-19.01%	70.51%	17.64%	15.98%	-10.49%	89.66%	3.79%	59.76%
NOPAT Growth	50.05%	-28.22%	7.50%	41.11%	18.27%	8.91%	-6.18%	100.33%	-3.76%	66.15%
Net Income Growth	49.71%	-32.52%	-19.77%	61.95%	22.74%	14.23%	-10.83%	110.53%	-35.58%	100.39%
EPS Growth	49.41%	-33.07%	-18.82%	60.87%	22.52%	13.24%	-11.69%	110.29%	-63.64%	93.27%
Operating Cash Flow Growth	31.83%	-9.62%	-16.89%	-2.23%	130.66%	-22.51%	23.16%	45.81%	17.47%	71.32%
Free Cash Flow Firm Growth	136.82%	-51.28%	-753.71%	121.74%	134.55%	-114.78%	-1,786.13%	275.60%	-524.53%	112.21%
Invested Capital Growth	-8.30%	1.35%	125.93%	1.59%	-9.93%	20.62%	73.97%	-46.56%	515.86%	-2.41%
Revenue Q/Q Growth	0.00%	103.03%	0.00%	0.00%	0.00%	3.86%	-1.67%	5.13%	19.37%	2.41%
EBITDA Q/Q Growth	0.00%	-2.37%	0.75%	22.85%	5.54%	-0.68%	-1.49%	3.84%	15.47%	12.92%
EBIT Q/Q Growth	0.00%	-3.05%	-3.91%	31.75%	7.03%	-0.92%	-8.26%	3.26%	29.28%	4.84%
NOPAT Q/Q Growth	0.00%	-13.57%	19.05%	-3.27%	9.55%	-1.55%	-7.70%	3.30%	27.63%	4.86%
Net Income Q/Q Growth	0.00%	-17.21%	13.00%	-0.90%	12.11%	-1.53%	-10.75%	4.86%	23.21%	9.03%
EPS Q/Q Growth	0.00%	-17.48%	13.11%	-1.77%	12.40%	-2.53%	-10.53%	4.76%	23.81%	-0.99%
Operating Cash Flow Q/Q Growth	0.00%	-10.98%	28.71%	-1.31%	-6.58%	-10.84%	7.14%	66.96%	34.02%	-14.09%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	5.70%	22.08%	-13.78%	-117.54%	-3,169.08%	541.39%	1.69%	-9.95%
Invested Capital Q/Q Growth	0.00%	6.51%	1.21%	-1.04%	4.59%	33.47%	91.44%	-6.48%	-1.52%	-0.14%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	89.14%	44.40%	0.00%	0.00%	51.02%	54.78%	57.44%	55.20%	48.33%	46.79%
EBITDA Margin	42.62%	16.33%	0.00%	0.00%	23.25%	25.21%	24.31%	33.30%	22.73%	31.95%
Operating Margin	33.44%	12.04%	0.00%	0.00%	16.93%	19.11%	17.01%	26.16%	12.81%	17.77%
EBIT Margin	34.47%	12.68%	0.00%	0.00%	17.60%	19.54%	17.00%	26.35%	12.89%	17.68%
Profit (Net Income) Margin	26.86%	8.30%	0.00%	0.00%	11.31%	12.37%	10.72%	18.45%	5.60%	9.64%
Tax Burden Percent	78.54%	71.66%	96.94%	79.67%	78.18%	72.22%	73.99%	78.77%	72.95%	75.04%
Interest Burden Percent	99.22%	91.35%	66.90%	77.32%	82.21%	87.65%	85.22%	88.86%	59.55%	72.61%
Effective Tax Rate	21.46%	28.34%	2.70%	20.33%	21.82%	27.78%	26.01%	21.23%	27.05%	24.96%
Return on Invested Capital (ROIC)	23.89%	17.80%	0.00%	0.00%	14.55%	15.15%	9.49%	19.52%	7.53%	7.36%
ROIC Less NNEP Spread (ROIC-NNEP)	21.88%	20.04%	0.00%	0.00%	6.81%	8.46%	6.34%	13.76%	-4.31%	-0.03%
Return on Net Nonoperating Assets (RNNOA)	-4.66%	-4.70%	0.00%	0.00%	2.56%	2.60%	5.09%	7.57%	-1.48%	-0.01%
Return on Equity (ROE)	19.23%	13.10%	10.35%	15.28%	17.11%	17.75%	14.58%	27.09%	6.06%	7.35%
Cash Return on Invested Capital (CROIC)	32.55%	16.46%	-65.61%	10.21%	25.00%	-3.53%	-44.51%	80.21%	-136.59%	9.81%
Operating Return on Assets (OROA)	15.87%	10.50%	0.00%	0.00%	10.84%	11.75%	8.11%	14.15%	6.36%	6.35%
Return on Assets (ROA)	12.36%	6.88%	0.00%	0.00%	6.97%	7.44%	5.11%	9.91%	2.76%	3.46%
Return on Common Equity (ROCE)	18.61%	12.75%	10.19%	15.09%	17.00%	17.66%	14.54%	27.08%	5.62%	6.71%
Return on Equity Simple (ROE_SIMPLE)	19.71%	13.61%	10.18%	14.63%	16.54%	16.91%	14.19%	24.80%	4.11%	7.90%
Net Operating Profit after Tax (NOPAT)	135	97	105	148	175	190	178	357	344	571
NOPAT Margin	26.27%	8.63%	0.00%	0.00%	13.23%	13.80%	12.58%	20.60%	9.34%	13.33%
Net Nonoperating Expense Percent (NNEP)	2.01%	-2.23%	17.22%	5.69%	7.74%	6.69%	3.16%	5.76%	11.85%	7.39%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	18.79%	4.24%	7.25%
Cost of Revenue to Revenue	10.86%	55.60%	0.00%	0.00%	48.98%	45.22%	42.56%	44.80%	51.67%	53.21%
SG&A Expenses to Revenue	49.31%	25.16%	0.00%	0.00%	29.00%	29.79%	32.19%	31.14%	20.21%	18.06%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	55.70%	32.35%	0.00%	0.00%	34.10%	35.67%	40.43%	29.05%	35.52%	29.03%
Earnings before Interest and Taxes (EBIT)	178	143	116	197	232	269	241	457	474	758
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	220	184	171	269	307	347	345	577	837	1,369
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	4.52	4.12	4.14	4.70	7.01	5.95	4.70	2.39	3.17
Price to Tangible Book Value (P/TBV)	0.00	6.00	0.00	0.00	0.00	0.00	0.00	333.14	0.00	0.00
Price to Revenue (P/Rev)	0.00	2.76	0.00	0.00	3.22	5.13	4.50	3.50	3.26	3.87
Price to Earnings (P/E)	0.00	33.81	0.00	0.00	28.47	41.51	41.96	18.97	68.56	44.50
Dividend Yield	2.97%	2.27%	2.41%	2.23%	1.94%	1.30%	1.63%	1.90%	3.28%	1.25%
Earnings Yield	0.00%	2.96%	0.00%	0.00%	3.51%	2.41%	2.38%	5.27%	1.46%	2.25%
Enterprise Value to Invested Capital (EV/IC)	0.00	6.31	2.86	3.07	3.94	5.41	3.22	4.74	1.89	2.48
Enterprise Value to Revenue (EV/Rev)	0.00	3.08	0.00	0.00	3.40	5.39	5.43	3.49	4.03	4.44
Enterprise Value to EBITDA (EV/EBITDA)	0.00	18.84	20.70	14.39	14.60	21.39	22.32	10.48	17.72	13.90
Enterprise Value to EBIT (EV/EBIT)	0.00	24.28	30.67	19.62	19.30	27.59	31.92	13.24	31.27	25.11
Enterprise Value to NOPAT (EV/NOPAT)	0.00	35.66	33.93	26.22	25.66	39.06	43.12	16.93	43.12	33.30
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	19.53	24.04	26.82	13.46	28.79	24.21	13.06	27.25	20.41
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	38.56	0.00	30.27	14.93	0.00	0.00	4.12	0.00	25.01
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.15	0.89	1.09	0.87	0.72	0.66	1.63	0.47	0.56	0.46
Long-Term Debt to Equity	0.07	0.86	1.06	0.83	0.69	0.62	1.62	0.45	0.56	0.46
Financial Leverage	-0.21	-0.23	0.24	0.58	0.38	0.31	0.80	0.55	0.34	0.38
Leverage Ratio	1.56	1.90	2.50	2.56	2.46	2.39	2.85	2.73	2.19	2.12
Compound Leverage Factor	1.54	1.74	1.67	1.98	2.02	2.09	2.43	2.43	1.31	1.54
Debt to Total Capital	13.09%	47.11%	52.10%	46.64%	41.75%	39.67%	61.95%	32.13%	35.93%	31.71%
Short-Term Debt to Total Capital	6.61%	1.82%	1.52%	2.11%	1.48%	2.35%	0.34%	1.76%	0.32%	0.38%
Long-Term Debt to Total Capital	6.48%	45.29%	50.58%	44.53%	40.28%	37.32%	61.60%	30.36%	35.60%	31.33%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.44%	0.66%	0.89%	0.38%	0.33%	0.31%	0.01%	0.03%	5.73%	5.88%
Common Equity to Total Capital	83.47%	52.23%	47.00%	52.98%	57.91%	60.02%	38.04%	67.85%	58.34%	62.41%
Debt to EBITDA	0.50	3.37	4.78	2.72	2.12	1.92	5.06	1.06	3.69	1.94
Net Debt to EBITDA	-0.86	1.92	2.85	1.58	0.75	1.03	3.82	-0.03	2.80	1.42
Long-Term Debt to EBITDA	0.25	3.24	4.64	2.60	2.05	1.80	5.03	1.00	3.66	1.92
Debt to NOPAT	0.81	6.37	7.84	4.96	3.73	3.50	9.78	1.71	8.99	4.65
Net Debt to NOPAT	-1.40	3.64	4.68	2.88	1.32	1.89	7.37	-0.04	6.81	3.41
Long-Term Debt to NOPAT	0.40	6.13	7.61	4.73	3.59	3.30	9.72	1.62	8.91	4.59
Altman Z-Score	0.00	3.68	2.12	2.55	3.40	4.62	2.52	4.02	1.69	2.38
Noncontrolling Interest Sharing Ratio	3.21%	2.64%	1.57%	1.26%	0.64%	0.54%	0.27%	0.03%	7.25%	8.78%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.48	1.50	1.31	1.37	1.36	1.08	1.30	1.21	1.35	1.29
Quick Ratio	0.93	1.03	0.93	0.83	0.99	0.79	0.80	0.85	0.97	0.93
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	185	90	-588	128	300	-44	-836	1,468	-6,232	761
Operating Cash Flow to CapEx	3,646.23%	1,452.18%	2,532.49%	2,299.65%	4,344.56%	0.00%	4,020.25%	0.00%	278.55%	565.53%
Free Cash Flow to Firm to Interest Expense	37.21	7.28	-15.36	2.87	7.26	-1.25	-22.60	25.36	-29.15	3.26
Operating Cash Flow to Interest Expense	39.59	14.38	3.85	3.24	8.06	7.25	8.58	8.00	2.54	3.99
Operating Cash Flow Less CapEx to Interest Expense	38.51	13.39	3.70	3.10	7.88	7.31	8.37	10.30	1.63	3.28
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.46	0.83	0.00	0.00	0.62	0.60	0.48	0.54	0.49	0.36
Accounts Receivable Turnover	7.62	20.05	0.00	0.00	9.89	10.32	10.27	10.52	8.05	5.95
Inventory Turnover	1.11	14.41	0.00	0.00	7.25	8.24	6.39	7.56	14.10	15.83
Fixed Asset Turnover	0.93	2.16	0.00	0.00	2.72	2.82	3.01	3.82	4.43	3.46
Accounts Payable Turnover	0.45	5.12	0.00	0.00	3.27	2.84	2.30	2.88	4.03	3.11
Days Sales Outstanding (DSO)	47.93	18.20	0.00	0.00	36.91	35.37	35.55	34.70	45.37	61.38
Days Inventory Outstanding (DIO)	329.69	25.32	0.00	0.00	50.37	44.31	57.12	48.31	25.88	23.06
Days Payable Outstanding (DPO)	803.87	71.28	0.00	0.00	111.77	128.36	158.59	126.65	90.66	117.51
Cash Conversion Cycle (CCC)	-426.25	-27.75	0.00	0.00	-24.50	-48.68	-65.92	-43.64	-19.42	-33.08
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	543	550	1,243	1,262	1,137	1,371	2,386	1,275	7,851	7,662
Invested Capital Turnover	0.91	2.06	0.00	0.00	1.10	1.10	0.75	0.95	0.81	0.55
Increase / (Decrease) in Invested Capital	-49	7.31	693	20	-125	234	1,014	-1,111	6,576	-190
Enterprise Value (EV)	0.00	3,468	3,548	3,869	4,478	7,424	7,689	6,048	14,826	19,023
Market Capitalization	0.00	3,105	3,045	3,438	4,243	7,060	6,374	6,063	11,992	16,586
Book Value per Share	$6.57	$6.44	$6.84	$7.59	$8.33	$9.21	$9.69	$11.63	$27.51	$28.33
Tangible Book Value per Share	$5.28	$4.85	($1.78)	($0.79)	($0.04)	($1.23)	($2.06)	$0.16	($13.35)	($10.61)
Total Capital	842	1,315	1,574	1,568	1,557	1,678	2,815	1,901	8,599	8,370
Total Debt	110	620	820	731	650	666	1,744	611	3,090	2,654
Total Long-Term Debt	55	596	796	698	627	626	1,734	577	3,062	2,622
Net Debt	-189	354	489	426	230	359	1,315	-15	2,342	1,945
Capital Expenditures (CapEx)	5.39	12	5.83	6.27	7.66	-2.12	7.90	-134	195	165
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-97	-109	-187	-109	-219	-225	-246	-425	-249	-294
Debt-free Net Working Capital (DFNWC)	196	149	144	196	201	82	183	201	499	415
Net Working Capital (NWC)	140	125	120	163	178	42	174	168	471	384
Net Nonoperating Expense (NNE)	-3.08	3.75	30	26	25	20	26	37	138	158
Net Nonoperating Obligations (NNO)	-189	-146	489	426	230	359	1,315	-15	2,342	1,945
Total Depreciation and Amortization (D&A)	42	41	56	72	75	78	104	121	362	611
Debt-free, Cash-free Net Working Capital to Revenue	-18.88%	-9.67%	0.00%	0.00%	-16.60%	-16.35%	-17.33%	-24.48%	-6.76%	-6.85%
Debt-free Net Working Capital to Revenue	37.96%	13.23%	0.00%	0.00%	15.27%	5.93%	12.95%	11.62%	13.57%	9.69%
Net Working Capital to Revenue	27.16%	11.11%	0.00%	0.00%	13.52%	3.06%	12.27%	9.68%	12.81%	8.95%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.27	$0.86	$0.70	$1.12	$1.37	$1.56	$1.38	$2.89	$1.05	$2.03
Adjusted Weighted Average Basic Shares Outstanding	107.08M	106.63M	107.04M	108.06M	108.52M	109.05M	110.32M	110.78M	166.96M	183.96M
Adjusted Diluted Earnings per Share	$1.27	$0.85	$0.69	$1.11	$1.36	$1.54	$1.36	$2.86	$1.04	$2.01
Adjusted Weighted Average Diluted Shares Outstanding	107.43M	107.46M	108.11M	109.39M	109.76M	110.31M	111.41M	111.89M	168.20M	185.25M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	107.22M	106.82M	0.00	0.00	0.00	109.91M	110.63M	111.14M	183.02M	184.75M
Normalized Net Operating Profit after Tax (NOPAT)	128	125	149	149	174	193	200	252	498	590
Normalized NOPAT Margin	24.88%	11.10%	0.00%	0.00%	13.21%	14.03%	14.09%	14.54%	13.53%	13.77%
Pre Tax Income Margin	34.20%	11.58%	0.00%	0.00%	14.47%	17.13%	14.49%	23.42%	7.67%	12.84%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	35.84	11.57	3.02	4.43	5.62	7.57	6.51	7.89	2.22	3.24
NOPAT to Interest Expense	27.31	7.87	2.73	3.31	4.23	5.34	4.82	6.17	1.61	2.44
EBIT Less CapEx to Interest Expense	34.75	10.58	2.87	4.29	5.44	7.63	6.30	10.20	1.30	2.54
NOPAT Less CapEx to Interest Expense	26.22	6.88	2.58	3.17	4.04	5.40	4.61	8.48	0.69	1.74
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	47.40%	79.02%	97.07%	62.28%	55.34%	54.04%	72.09%	36.02%	159.42%	58.19%
Augmented Payout Ratio	81.67%	118.30%	97.07%	62.28%	83.51%	85.25%	72.09%	36.02%	159.42%	58.19%

This table displays calculated financial ratios and metrics derived from RB Global's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	24.82%	23.51%	30.08%	128.38%	147.83%	134.49%	107.79%	-0.94%	-3.73%	9.67%	4.12%
EBITDA Growth	35.22%	9.78%	-94.53%	178.99%	173.44%	117.38%	2,337.32%	6.56%	7.81%	75.43%	-11.47%
EBIT Growth	19.88%	28.41%	-109.77%	93.74%	123.85%	165.74%	961.14%	11.87%	4.81%	20.33%	-3.75%
NOPAT Growth	23.80%	28.12%	-109.01%	100.19%	125.76%	149.52%	976.04%	16.29%	6.84%	21.33%	-1.60%
Net Income Growth	32.58%	48.25%	-115.83%	62.55%	47.32%	85.46%	480.85%	27.88%	20.25%	40.62%	5.49%
EPS Growth	31.03%	48.15%	-117.50%	-12.50%	-21.05%	50.00%	289.29%	28.57%	20.00%	-3.33%	3.77%
Operating Cash Flow Growth	-28.93%	1,377.53%	-130.96%	731.01%	137.94%	69.33%	317.80%	214.65%	82.02%	-45.30%	25.64%
Free Cash Flow Firm Growth	61.44%	219.11%	-11,079.59%	-679.03%	-9,238.58%	-655.42%	102.01%	104.75%	106.37%	105.31%	142.42%
Invested Capital Growth	9.38%	-46.56%	477.96%	0.00%	484.87%	515.86%	0.27%	-2.77%	-3.76%	-2.41%	-2.14%
Revenue Q/Q Growth	-15.07%	7.87%	15.43%	115.94%	-7.84%	2.07%	2.29%	2.95%	-10.43%	16.28%	-2.89%
EBITDA Q/Q Growth	-12.32%	-8.08%	-85.13%	2,228.17%	-14.07%	-26.93%	23.39%	1.79%	-13.06%	18.90%	-15.87%
EBIT Q/Q Growth	-29.81%	-0.31%	-135.34%	883.41%	-18.90%	18.35%	14.52%	1.77%	-24.02%	35.87%	-8.40%
NOPAT Q/Q Growth	-27.48%	6.71%	-134.54%	849.07%	-18.22%	17.94%	21.25%	-0.56%	-24.87%	33.95%	-1.67%
Net Income Q/Q Growth	-19.66%	5.83%	-162.11%	407.80%	-27.19%	33.23%	27.55%	3.35%	-31.53%	55.79%	-4.31%
EPS Q/Q Growth	-20.83%	5.26%	-170.00%	250.00%	-28.57%	100.00%	-11.67%	1.89%	-33.33%	61.11%	-5.17%
Operating Cash Flow Q/Q Growth	410.85%	202.28%	-128.77%	287.09%	46.27%	115.11%	-63.00%	170.27%	-15.39%	-35.35%	-15.01%
Free Cash Flow Firm Q/Q Growth	-105.14%	1,767.87%	-663.46%	-19.96%	17.16%	0.80%	102.04%	183.11%	11.06%	-17.33%	-6.73%
Invested Capital Q/Q Growth	0.00%	-6.48%	519.05%	1.12%	-0.10%	-1.52%	0.78%	-1.94%	-1.12%	-0.14%	1.07%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	54.12%	55.82%	55.52%	47.65%	46.38%	47.42%	48.38%	47.86%	45.69%	45.23%	46.16%
EBITDA Margin	25.25%	21.51%	2.77%	29.88%	27.86%	19.94%	32.51%	32.14%	31.20%	31.90%	27.64%
Operating Margin	15.43%	14.80%	-4.86%	16.23%	14.30%	16.41%	18.68%	18.42%	15.62%	18.13%	17.09%
EBIT Margin	15.80%	14.60%	-4.47%	16.21%	14.27%	16.54%	18.52%	18.31%	15.53%	18.15%	17.12%
Profit (Net Income) Margin	10.43%	10.23%	-5.50%	7.84%	6.20%	8.09%	10.09%	10.13%	7.74%	10.37%	10.22%
Tax Burden Percent	74.48%	76.82%	75.20%	72.70%	73.23%	73.73%	76.77%	75.20%	74.36%	73.82%	79.29%
Interest Burden Percent	88.62%	91.20%	163.76%	66.56%	59.31%	66.32%	70.94%	73.54%	67.02%	77.41%	75.29%
Effective Tax Rate	25.52%	23.18%	0.00%	27.30%	26.77%	26.27%	23.23%	24.80%	25.64%	26.18%	20.71%
Return on Invested Capital (ROIC)	14.53%	10.77%	-1.36%	7.32%	6.91%	9.76%	7.68%	7.43%	6.21%	7.39%	7.49%
ROIC Less NNEP Spread (ROIC-NNEP)	11.67%	9.99%	-2.17%	3.91%	3.68%	6.17%	5.83%	5.69%	4.54%	5.79%	5.78%
Return on Net Nonoperating Assets (RNNOA)	1.56%	5.50%	-0.87%	1.85%	1.49%	2.11%	2.61%	2.40%	1.85%	2.21%	2.20%
Return on Equity (ROE)	16.09%	16.27%	-2.24%	9.17%	8.40%	11.87%	10.29%	9.84%	8.07%	9.60%	9.70%
Cash Return on Invested Capital (CROIC)	17.54%	80.21%	-137.88%	-194.74%	-135.82%	-136.59%	6.27%	9.64%	10.80%	9.81%	9.43%
Operating Return on Assets (OROA)	9.65%	7.84%	-1.12%	3.37%	5.93%	8.17%	6.56%	6.44%	5.43%	6.52%	6.19%
Return on Assets (ROA)	6.37%	5.49%	-1.38%	1.63%	2.58%	4.00%	3.57%	3.56%	2.70%	3.73%	3.70%
Return on Common Equity (ROCE)	16.08%	16.26%	-2.07%	8.34%	7.78%	11.01%	9.36%	8.96%	7.35%	8.76%	8.86%
Return on Equity Simple (ROE_SIMPLE)	24.62%	0.00%	2.33%	2.99%	3.40%	0.00%	6.74%	7.10%	7.27%	0.00%	7.92%
Net Operating Profit after Tax (NOPAT)	47	50	-17	131	107	126	153	152	114	153	150
NOPAT Margin	11.49%	11.37%	-3.40%	11.80%	10.47%	12.10%	14.34%	13.85%	11.62%	13.38%	13.55%
Net Nonoperating Expense Percent (NNEP)	2.86%	0.78%	0.81%	3.41%	3.24%	3.59%	1.85%	1.75%	1.68%	1.60%	1.71%
Return On Investment Capital (ROIC_SIMPLE)	-	2.66%	-	-	-	1.55%	-	-	-	1.94%	1.88%
Cost of Revenue to Revenue	45.88%	44.18%	44.48%	52.35%	53.62%	52.58%	51.62%	52.14%	54.31%	54.77%	53.84%
SG&A Expenses to Revenue	32.37%	30.59%	28.92%	17.58%	19.95%	18.97%	18.61%	19.03%	18.11%	16.59%	18.49%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	38.69%	41.02%	60.38%	31.42%	32.08%	31.01%	29.70%	29.44%	30.07%	27.10%	29.06%
Earnings before Interest and Taxes (EBIT)	65	65	-23	179	146	172	197	201	153	207	190
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	104	96	14	331	284	208	346	352	306	364	306
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.33	4.70	1.26	2.18	2.28	2.39	2.75	2.72	2.85	3.17	3.51
Price to Tangible Book Value (P/TBV)	0.00	333.14	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	4.00	3.50	3.32	4.34	3.64	3.26	3.29	3.32	3.55	3.87	4.28
Price to Earnings (P/E)	21.64	18.97	57.21	81.64	78.30	68.56	45.53	42.58	43.40	44.50	48.96
Dividend Yield	1.71%	1.90%	3.87%	3.66%	3.51%	3.28%	2.84%	1.41%	1.37%	1.25%	1.14%
Earnings Yield	4.62%	5.27%	1.75%	1.22%	1.28%	1.46%	2.20%	2.35%	2.30%	2.25%	2.04%
Enterprise Value to Invested Capital (EV/IC)	4.93	4.74	1.16	1.73	1.79	1.89	2.12	2.14	2.25	2.48	2.71
Enterprise Value to Revenue (EV/Rev)	4.08	3.49	4.95	5.57	4.63	4.03	3.97	3.94	4.13	4.44	4.85
Enterprise Value to EBITDA (EV/EBITDA)	12.09	10.48	27.63	25.34	19.70	17.72	14.37	13.98	14.27	13.90	15.79
Enterprise Value to EBIT (EV/EBIT)	15.20	13.24	45.99	48.16	38.91	31.27	24.18	23.24	23.93	25.11	27.98
Enterprise Value to NOPAT (EV/NOPAT)	19.45	16.93	63.63	65.66	52.98	43.12	32.51	30.93	31.75	33.30	36.88
Enterprise Value to Operating Cash Flow (EV/OCF)	24.24	13.06	41.57	43.77	35.16	27.25	23.12	17.39	15.94	20.41	21.77
Enterprise Value to Free Cash Flow (EV/FCFF)	29.38	4.12	0.00	0.00	0.00	0.00	33.88	21.92	20.47	25.01	28.44
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.52	0.47	0.61	0.58	0.58	0.56	0.53	0.51	0.48	0.46	0.47
Long-Term Debt to Equity	0.51	0.45	0.58	0.57	0.57	0.56	0.53	0.50	0.48	0.46	0.45
Financial Leverage	0.13	0.55	0.40	0.47	0.41	0.34	0.45	0.42	0.41	0.38	0.38
Leverage Ratio	2.35	2.73	2.24	2.20	2.23	2.19	2.19	2.17	2.16	2.12	2.11
Compound Leverage Factor	2.08	2.49	3.66	1.46	1.32	1.45	1.55	1.60	1.44	1.64	1.59
Debt to Total Capital	34.02%	32.13%	37.73%	36.72%	36.65%	35.93%	34.68%	33.59%	32.62%	31.71%	31.77%
Short-Term Debt to Total Capital	0.32%	1.76%	1.39%	0.42%	0.54%	0.32%	0.34%	0.40%	0.42%	0.38%	0.79%
Long-Term Debt to Total Capital	33.71%	30.36%	36.34%	36.30%	36.11%	35.60%	34.33%	33.19%	32.20%	31.33%	30.98%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.02%	0.03%	5.73%	5.76%	5.78%	5.73%	5.79%	5.79%	5.82%	5.88%	5.82%
Common Equity to Total Capital	65.96%	67.85%	56.54%	57.52%	57.57%	58.34%	59.53%	60.62%	61.56%	62.41%	62.41%
Debt to EBITDA	1.15	1.06	9.77	5.77	4.32	3.69	2.53	2.40	2.28	1.94	2.02
Net Debt to EBITDA	0.22	-0.03	7.64	4.72	3.54	2.80	2.01	1.77	1.63	1.42	1.48
Long-Term Debt to EBITDA	1.14	1.00	9.41	5.71	4.25	3.66	2.50	2.37	2.25	1.92	1.97
Debt to NOPAT	1.85	1.71	22.50	14.96	11.61	8.99	5.71	5.31	5.07	4.65	4.73
Net Debt to NOPAT	0.36	-0.04	17.59	12.23	9.53	6.81	4.56	3.93	3.62	3.41	3.46
Long-Term Debt to NOPAT	1.83	1.62	21.67	14.79	11.44	8.91	5.66	5.25	5.00	4.59	4.61
Altman Z-Score	3.76	3.57	0.86	1.40	1.46	1.61	1.85	1.88	1.98	2.22	2.41
Noncontrolling Interest Sharing Ratio	0.04%	0.03%	7.48%	9.11%	7.42%	7.25%	9.03%	8.91%	8.87%	8.78%	8.69%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.27	1.21	1.30	1.32	1.31	1.35	1.29	1.29	1.28	1.29	1.31
Quick Ratio	0.99	0.85	0.97	0.96	0.95	0.97	0.96	1.00	0.96	0.93	0.99
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-70	1,161	-6,544	-7,850	-6,502	-6,450	132	373	414	342	319
Operating Cash Flow to CapEx	303.69%	3,688.89%	-259.28%	274.87%	257.47%	460.16%	279.19%	1,196.10%	784.07%	332.43%	294.74%
Free Cash Flow to Firm to Interest Expense	-7.57	122.25	-313.09	-120.76	-102.08	-100.47	2.06	6.22	7.24	6.50	6.40
Operating Cash Flow to Interest Expense	7.16	20.97	-2.74	1.65	2.46	5.25	1.95	5.63	4.99	3.50	3.14
Operating Cash Flow Less CapEx to Interest Expense	4.80	20.40	-3.80	1.05	1.51	4.11	1.25	5.16	4.35	2.45	2.08
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.61	0.54	0.25	0.21	0.42	0.49	0.35	0.35	0.35	0.36	0.36
Accounts Receivable Turnover	5.96	10.52	3.43	2.77	5.09	8.05	4.88	4.67	5.09	5.95	5.05
Inventory Turnover	8.76	7.56	5.02	6.63	11.26	14.10	11.69	13.60	13.03	15.83	15.23
Fixed Asset Turnover	3.62	3.82	2.33	2.17	3.87	4.43	3.59	3.56	3.47	3.46	3.42
Accounts Payable Turnover	2.93	2.88	2.05	1.96	3.67	4.03	3.78	3.36	3.34	3.11	3.76
Days Sales Outstanding (DSO)	61.19	34.70	106.46	131.98	71.76	45.37	74.76	78.10	71.76	61.38	72.32
Days Inventory Outstanding (DIO)	41.68	48.31	72.71	55.09	32.40	25.88	31.21	26.84	28.00	23.06	23.97
Days Payable Outstanding (DPO)	124.67	126.65	177.89	186.51	99.53	90.66	96.63	108.60	109.43	117.51	97.07
Cash Conversion Cycle (CCC)	-21.80	-43.64	1.28	0.56	4.63	-19.42	9.34	-3.66	-9.67	-33.08	-0.79
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,363	1,275	7,892	7,980	7,972	7,851	7,913	7,759	7,672	7,662	7,744
Invested Capital Turnover	1.26	0.95	0.40	0.62	0.66	0.81	0.54	0.54	0.53	0.55	0.55
Increase / (Decrease) in Invested Capital	117	-1,111	6,526	7,980	6,609	6,576	21	-221	-300	-190	-169
Enterprise Value (EV)	6,725	6,048	9,175	13,788	14,273	14,826	16,787	16,632	17,294	19,023	20,990
Market Capitalization	6,600	6,063	6,145	10,728	11,212	11,992	13,940	14,029	14,831	16,586	18,530
Book Value per Share	$11.18	$11.63	$43.74	$27.06	$26.97	$27.51	$27.68	$28.06	$28.27	$28.33	$28.60
Tangible Book Value per Share	($0.28)	$0.16	($23.20)	($13.86)	($14.00)	($13.35)	($12.66)	($11.77)	($11.20)	($10.61)	($9.97)
Total Capital	1,878	1,901	8,599	8,553	8,532	8,599	8,510	8,505	8,462	8,370	8,465
Total Debt	639	611	3,244	3,141	3,127	3,090	2,951	2,857	2,761	2,654	2,690
Total Long-Term Debt	633	577	3,125	3,105	3,081	3,062	2,922	2,823	2,725	2,622	2,623
Net Debt	124	-15	2,537	2,567	2,568	2,342	2,354	2,111	1,971	1,945	1,968
Capital Expenditures (CapEx)	22	5.40	22	39	61	73	45	28	36	56	53
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-307	-425	-163	-89	-82	-249	-148	-264	-345	-294	-235
Debt-free Net Working Capital (DFNWC)	208	201	545	484	477	499	450	482	446	415	486
Net Working Capital (NWC)	202	168	425	448	432	471	421	447	410	384	420
Net Nonoperating Expense (NNE)	4.39	5.07	11	44	44	42	45	41	38	34	37
Net Nonoperating Obligations (NNO)	124	-15	2,537	2,567	2,568	2,342	2,354	2,111	1,971	1,945	1,968
Total Depreciation and Amortization (D&A)	39	31	37	151	139	35	149	152	154	157	117
Debt-free, Cash-free Net Working Capital to Revenue	-18.64%	-24.48%	-8.77%	-3.60%	-2.65%	-6.76%	-3.49%	-6.25%	-8.24%	-6.85%	-5.44%
Debt-free Net Working Capital to Revenue	12.59%	11.62%	29.40%	19.57%	15.49%	13.57%	10.63%	11.41%	10.65%	9.69%	11.24%
Net Working Capital to Revenue	12.23%	9.68%	22.96%	18.12%	14.00%	12.81%	9.94%	10.60%	9.79%	8.95%	9.69%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.39	$0.41	($0.28)	$0.43	$0.30	$0.60	$0.53	$0.55	$0.36	$0.59	$0.56
Adjusted Weighted Average Basic Shares Outstanding	110.84M	110.78M	120.49M	181.86M	182.15M	166.96M	183.06M	183.89M	184.30M	183.96M	184.82M
Adjusted Diluted Earnings per Share	$0.38	$0.40	($0.28)	$0.42	$0.30	$0.60	$0.53	$0.54	$0.36	$0.58	$0.55
Adjusted Weighted Average Diluted Shares Outstanding	112.21M	111.89M	120.49M	182.81M	183.60M	168.20M	184.58M	184.91M	185.50M	185.25M	186.35M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	110.87M	111.14M	181.79M	182.14M	182.33M	183.02M	183.72M	184.25M	184.41M	184.75M	185.19M
Normalized Net Operating Profit after Tax (NOPAT)	49	67	70	162	123	141	161	155	118	157	152
Normalized NOPAT Margin	11.80%	15.16%	13.67%	14.66%	12.09%	13.52%	15.09%	14.11%	12.04%	13.74%	13.75%
Pre Tax Income Margin	14.00%	13.31%	-7.32%	10.79%	8.46%	10.97%	13.14%	13.47%	10.41%	14.05%	12.89%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.07	6.82	-1.10	2.76	2.28	2.68	3.09	3.35	2.67	3.93	3.80
NOPAT to Interest Expense	5.14	5.31	-0.83	2.01	1.68	1.96	2.39	2.53	1.99	2.90	3.01
EBIT Less CapEx to Interest Expense	4.71	6.25	-2.15	2.16	1.33	1.54	2.39	2.88	2.03	2.88	2.74
NOPAT Less CapEx to Interest Expense	2.78	4.74	-1.89	1.41	0.72	0.82	1.69	2.06	1.36	1.85	1.94
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	37.04%	36.02%	213.92%	185.64%	179.72%	159.42%	67.59%	63.26%	62.28%	58.19%	58.40%
Augmented Payout Ratio	37.04%	36.02%	213.92%	185.64%	179.72%	159.42%	67.59%	63.26%	62.28%	58.19%	58.40%

Financials Breakdown Chart

Key Financial Trends

RB Global (NYSE: RBA) has shown notable improvement and trends in financial performance and position over the last four years, from Q3 2022 to the latest quarter Q1 2025.

Income Statement Highlights:

Operating Revenue grew significantly from $411.5 million in Q3 2022 to $1.109 billion in Q1 2025, representing strong top-line growth.
Total Gross Profit improved from $222.7 million in Q3 2022 to $511.7 million in Q1 2025, indicating healthy margin expansion on higher revenues.
Selling, General & Admin expenses have increased to $205 million in Q1 2025 from $133.2 million in Q3 2022, consistent with revenue growth and business scaling.
Depreciation Expense is stable around $110-115 million per quarter in recent periods, reflecting steady investment in fixed assets.
Restructuring Charges fluctuated, spiking to $126 million in Q1 2023, but have since reduced significantly to $3.1 million in Q1 2025, indicating earlier restructuring impacts subsiding.
Net Income attributable to common shareholders increased from $54.7 million in Q3 2022 to $102.9 million in Q1 2025, showing improved profitability.
Interest Expense has risen from ~$9.2 million in Q3 2022 to $49.9 million in Q1 2025, likely due to increased debt levels.
Other Income/(Expense), net has been somewhat volatile but remains a relatively small impact overall.
Earnings per share (diluted) increased from $0.30 in Q3 2022 to $0.55 in Q1 2025, reflecting earnings growth despite some share dilution.

Cash Flow Statement Observations:

Net Cash from Operating Activities rose from $65.9 million in Q3 2022 to $156.8 million in Q1 2025, consistent with improving earnings and operational efficiency.
Significant Investments in Property, Plant & Equipment and acquisitions, averaging ~$40-60 million per quarter and sizable acquisitions in earlier quarters, pressure free cash flow but support growth potential.
Net Cash Used in Financing Activities fluctuated with large debt issuances and repayments; Q1 2023 showed a large net financing inflow over $2.9 billion due to debt issuance, compared to net outflows in recent quarters.

Balance Sheet Trends:

Total Assets have steadily increased from about $2.8 billion in Q3 2022 to over $11.9 billion in Q1 2025, reflecting growth through acquisitions and capital investment.
Total Liabilities also increased substantially from $1.58 billion in Q3 2022 to $6.11 billion in Q1 2025, mainly driven by higher long-term debt ($633 million to $2.62 billion), increasing financial leverage and interest costs.
Common Equity increased from approx. $1.23 billion in Q3 2022 to $5.28 billion in Q1 2025, showing capital appreciation and equity infusion supporting expansion.
Cash & Equivalents and Restricted Cash combined have grown in recent quarters, improving liquidity standing at $721.8 million on Q1 2025.

Summary:

RB Global has demonstrated strong revenue and profitability growth over the past several years, with operating income and net income improving despite earlier restructuring charges.
Improved operating cash flow supports ongoing investment and debt service capabilities.
Continuous investment in fixed assets and acquisitions suggests growth focus but also results in significant capital outflows.
Rising debt levels and interest costs present financial leverage risks, potentially impacting future earnings and cash flow stability.
Equity base has strengthened considerably, reflecting retained earnings growth and shareholder equity injections.
Earnings per share have increased but remain somewhat sensitive to restructuring and financing costs.

Retail investors should note RB Global's transition from earlier restructuring periods toward steady growth, balanced against higher leverage and capital expenditure commitments. The company's strong revenue growth and improving profitability are key positives, while monitoring debt levels and interest expenses will be important for assessing long-term financial health.

10/24/25 09:15 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About RB Global's Financials

When does RB Global's fiscal year end?

According to the most recent income statement we have on file, RB Global's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has RB Global's net income changed over the last 7 years?

RB Global's net income appears to be on an upward trend, with a most recent value of $412.80 million in 2024, rising from $138.58 million in 2015. The previous period was $206 million in 2023. View RB Global's forecast to see where analysts expect RB Global to go next.

What is RB Global's operating income?

RB Global's total operating income in 2024 was $761.20 million, based on the following breakdown:

Total Gross Profit: $2.00 billion
Total Operating Expenses: $1.24 billion

How has RB Global's revenue changed over the last 7 years?

Over the last 7 years, RB Global's total revenue changed from $515.88 million in 2015 to $4.28 billion in 2024, a change of 730.5%.

How much debt does RB Global have?

RB Global's total liabilities were at $6.09 billion at the end of 2024, a 6.7% decrease from 2023, and a 1,469.9% increase since 2015.

How much cash does RB Global have?

In the past 9 years, RB Global's cash and equivalents has ranged from $207.87 million in 2016 to $576.20 million in 2023, and is currently $533.90 million as of their latest financial filing in 2024.

How has RB Global's book value per share changed over the last 9 years?

Over the last 9 years, RB Global's book value per share changed from 6.57 in 2015 to 28.33 in 2024, a change of 331.4%.

Related Companies

This page (NYSE:RBA) was last updated on 10/24/2025 by MarketBeat.com Staff

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RB Global (RBA) Financials

Financials Breakdown Chart

Key Financial Trends

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RB Global (RBA) Financials

Annual Income Statements for RB Global

Quarterly Income Statements for RB Global

Annual Cash Flow Statements for RB Global

Quarterly Cash Flow Statements for RB Global

Annual Balance Sheets for RB Global

Quarterly Balance Sheets for RB Global

Annual Metrics And Ratios for RB Global

Quarterly Metrics And Ratios for RB Global

Financials Breakdown Chart

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Frequently Asked Questions About RB Global's Financials

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