Ralliant (RAL) financial statements
Ralliant reported revenue of $2.1B in fiscal 2025, down 2.0% a year over 2 years.
Net income was -$1.2B and the operating margin -57.2%, against 23.7% in 2023.
Free cash flow was $358M, and the company returned $11M in dividends.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Ralliant's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | $2.2B | $2.2B | $2.1B |
| Cost of revenue | $1.0B | $1.0B | $1.0B |
| Gross profit | $1.1B | $1.1B | $1.0B |
| Research and development | $162M | $164M | $165M |
| Selling, general and admin | $446M | $552M | $617M |
| Operating income | $512M | $460M | -$1.2B |
| Interest expense | $0 | $0 | $32M |
| Pre-tax income | $510M | $433M | -$1.2B |
| Income tax | $93M | $78M | $6M |
| Net income | $417M | $355M | -$1.2B |
| EPS (diluted) | $3.70 | $3.15 | -$10.84 |
| Diluted shares | 113M | 113M | 113M |
| Gross margin | 51.9% | 51.6% | 50.3% |
| Operating margin | 23.7% | 21.3% | -57.2% |
| Net margin | 19.3% | 16.5% | -59.1% |
Balance sheet
Fiscal years, from Ralliant's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Cash and short-term investments | $0 | $0 | $319M |
| Receivables | — | $294M | $285M |
| Inventory | — | $283M | $302M |
| Total current assets | — | $619M | $976M |
| Property, plant and equipment | — | $200M | $214M |
| Goodwill | $1.9B | $2.9B | $1.7B |
| Total assets | — | $4.7B | $3.8B |
| Total current liabilities | — | $534M | $1.2B |
| Long-term debt | — | $0 | $618M |
| Total liabilities | — | $957M | $2.2B |
| Shareholders' equity | $2.3B | $3.8B | $1.6B |
| Net debt | $0 | $0 | $830M |
Cash flow
Fiscal years, from Ralliant's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating cash flow | $462M | $454M | $398M |
| Capital spending | $29M | $34M | $39M |
| Free cash flow | $433M | $420M | $358M |
| Stock-based compensation | $25M | $24M | $56M |
| Dividends paid | $0 | $0 | $11M |
| Net borrowing | $0 | $0 | $1.1B |
| Free cash flow margin | 20.1% | 19.5% | 17.3% |
| Dividends per share | — | — | $0.10 |
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Open RAL in InvestinglyQuestions
What was Ralliant's revenue in 2025?
$2.1B in fiscal 2025, from its 10-K filing.
How much free cash flow does Ralliant generate?
$358M in fiscal 2025 (operating cash flow minus capital spending).
From Ralliant's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.