RB Global (RBA) financial statements
RB Global reported revenue of $4.6B in fiscal 2025, up 16.9% a year over 9 years.
Net income was $428M and the operating margin 15.5%, against 12.0% in 2016.
Free cash flow was $719M.
The diluted share count rose 74% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from RB Global's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1B | $971M | $1.2B | $1.3B | $1.4B | $1.4B | $1.7B | $3.7B | $4.3B | $4.6B |
| Cost of revenue | $66M | $79M | — | — | — | — | — | — | — | — |
| Gross profit | $500M | $532M | — | — | — | — | — | — | — | — |
| Selling, general and admin | $284M | $323M | $383M | $382M | $410M | $456M | $540M | $744M | $774M | $905M |
| Operating income | $136M | $107M | $185M | $223M | $263M | $241M | $454M | $471M | $761M | $713M |
| Interest expense | $6M | $38M | $45M | $41M | $36M | $37M | $58M | $214M | $234M | $192M |
| Pre-tax income | $130M | $77M | $153M | $191M | $236M | $205M | $406M | $282M | $550M | $536M |
| Income tax | $37M | $2M | $31M | $42M | $66M | $53M | $86M | $76M | $137M | $108M |
| Net income | $92M | $75M | $121M | $149M | $170M | $152M | $320M | $206M | $413M | $428M |
| EPS (diluted) | $0.85 | $0.69 | $1.11 | $1.36 | $1.54 | $1.36 | $2.86 | $1.04 | $2.01 | $2.04 |
| Diluted shares | 107M | 108M | 109M | 110M | 110M | 111M | 112M | 168M | 185M | 187M |
| Gross margin | 44.4% | 54.7% | — | — | — | — | — | — | — | — |
| Operating margin | 12.0% | 11.1% | 15.8% | 16.9% | 19.1% | 17.0% | 26.2% | 12.8% | 17.8% | 15.5% |
| Net margin | 8.1% | 7.7% | 10.4% | 11.3% | 12.4% | 10.7% | 18.4% | 5.6% | 9.6% | 9.3% |
Balance sheet
Fiscal years, from RB Global's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $208M | $268M | $238M | $360M | $279M | $326M | $494M | $576M | $534M | $532M |
| Receivables | $53M | $92M | $129M | $137M | $135M | $151M | $183M | $732M | $709M | $706M |
| Inventory | $28M | $38M | $113M | $65M | $86M | $102M | $103M | $166M | $122M | $140M |
| Total current assets | $378M | $508M | $604M | $680M | $557M | $762M | $963M | $1.8B | $1.7B | $1.8B |
| Property, plant and equipment | $515M | $527M | $487M | $484M | $492M | $449M | $459M | $1.2B | $1.3B | $1.5B |
| Goodwill | $98M | $671M | $672M | $672M | $841M | $948M | $949M | $4.5B | $4.5B | $4.7B |
| Total assets | $1.6B | $2.0B | $2.1B | $2.2B | $2.4B | $3.6B | $2.9B | $12.0B | $11.8B | $12.1B |
| Total current liabilities | $253M | $388M | $440M | $501M | $515M | $588M | $795M | $1.3B | $1.3B | $1.6B |
| Long-term debt | $596M | $796M | $698M | $627M | $626M | $1.7B | $577M | $3.1B | $2.6B | $2.3B |
| Total liabilities | $904M | $1.3B | $1.2B | $1.3B | $1.3B | $2.5B | $1.6B | $6.5B | $6.1B | $6.1B |
| Shareholders' equity | $687M | $740M | $831M | $902M | $1.0B | $1.1B | $1.3B | $5.0B | $5.2B | $5.6B |
| Net debt | $388M | $545M | $474M | $286M | $358M | $1.4B | $87M | $2.5B | $2.1B | $1.8B |
Cash flow
Fiscal years, from RB Global's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $178M | $148M | $144M | $333M | $258M | $318M | $463M | $544M | $932M | $978M |
| Capital spending | $19M | $11M | $17M | $14M | $14M | $10M | $32M | $228M | $167M | $259M |
| Free cash flow | $159M | $137M | $127M | $319M | $244M | $308M | $431M | $316M | $765M | $719M |
| Stock-based compensation | $20M | $20M | $23M | $13M | $17M | $31M | $42M | $56M | $62M | $66M |
| Dividends paid | $70M | $73M | $76M | $83M | $92M | $104M | $115M | $298M | $206M | — |
| Share buybacks (net) | -$37M | — | — | -$42M | -$53M | — | — | — | — | — |
| Net borrowing | $499M | $216M | -$91M | -$92M | $8M | $1.1B | -$1.1B | $2.5B | -$440M | -$199M |
| Free cash flow margin | 14.1% | 14.1% | 10.9% | 24.2% | 17.7% | 21.7% | 24.9% | 8.6% | 17.8% | 15.7% |
| Dividends per share | $0.66 | $0.67 | $0.69 | $0.75 | $0.83 | $0.93 | $1.03 | $1.77 | $1.11 | — |
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Open RBA in InvestinglyQuestions
What was RB Global's revenue in 2025?
$4.6B in fiscal 2025, from its 10-K filing.
How much free cash flow does RB Global generate?
$719M in fiscal 2025 (operating cash flow minus capital spending).
From RB Global's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.