RB Global, Inc.RBA
NYSE•Industrials•Specialty Business Services
RB Global, Inc. operates a marketplace that provides insights, services, and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. The company's marketplace brands include Ritchie Bros., an auctioneer of commercial assets and vehicles; IAA, a digital marketplace that connects vehicle buyers and sellers; Rouse, which provides asset management, data-driven intelligence, and performance benchmarking system; SmartEquip, a technology platform that supports customers' management of the equipment lifecycle; and Veritread, an online marketplace for heavy haul transport solution. It also offers transaction, financial, loan payoff, appraisal, inspection, listing, refurbishing, transportation and logistics, data, parts, catastrophe response, and title services. The company serves customers across various asset classes, including automotive, commercial transportation, construction, government surplus, lifting and material handling, energy, mining, and agriculture. RB Global, Inc. was founded in 1958 and is headquartered in Westchester, Illinois.
RB Global, Inc. (RBA) reported trailing twelve months revenue of $4.72B as of March 2026, a 9.0% increase year-over-year. Quarterly revenue reached $1.23B, reflecting continued top-line momentum.
RB Global, Inc. generated $450.50M in TTM net income, with quarterly EBITDA of $344.20M. The operating margin expanded from 17.1% to 17.6%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (17.6%) and net margin (11.0%) indicates moderate non-operating costs. Net margin has improved from 10.2% a year ago, signaling stronger bottom-line efficiency.
RBA trades at a P/E of 39.0x (a premium multiple) and a P/S of 3.7x. The price-to-book ratio of 3.1x reflects a moderate premium to book value.
The company generated $172.60M in free cash flow over the trailing twelve months, a 68.4% increase year-over-year, indicating cash generation ability. The balance sheet shows $12.40B in total assets with $2.27B in long-term debt against $5.62B in stockholders equity for a debt-to-equity ratio of 0.4, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~16.5% on average, but show some variability — pricing power may be sensitive to market conditions.
ROE is positive at ~7.7% on average, adequate but below the threshold typically associated with wide moats.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (6 of 7 quarters up), with ~11.7% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Operating margins declined 9.5% — watch for continued compression, which may signal competitive or cost pressure.
FCF covers net income by 1.9x on average — earnings are well-supported by cash generation.
D/E ratio is 0.4 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Share count is stable — no significant dilution or buyback activity.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation