# RB Global, Inc. (RBA)

> Source: Nexqual · https://nexqual.com/RBA · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, RB Global, Inc. (RBA), nexqual.com/RBA" · informational, not investment advice.

**Price:** USD 84.39 (+2.91% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 82 · day 82.01–85.12 · 52w 78.05–119.33 · market cap $15.6B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $4.85B, net income $484M (10.0% margin), free cash flow $611M (SEC filings).
- Valuation: P/E 32.3x (avg 46.6x at the last 3 fiscal year-ends), EV/EBITDA 14.0x, net debt $2.36B.
- Total return with dividends: 1Y -16.5% vs S&P 500 +14.9%; 5Y +36.2% vs S&P 500 +80.3%.
- Next earnings: 2026-11-09, EPS estimate USD 1, revenue estimate $1.17B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.42B | $1.73B | $3.68B | $4.28B | $4.59B | $4.85B |
| Operating income | $241M | $454M | $471M | $761M | $713M | $778M |
| Net income | $152M | $320M | $207M | $413M | $428M | $484M |
| EPS (diluted) | $1.36 | $2.86 | $1.04 | $2.01 | $2.04 | — |
| Free cash flow | $308M | $431M | $316M | $765M | $719M | $611M |
| Operating margin | 17.0% | 26.2% | 12.8% | 17.8% | 15.5% | 16.0% |
| Net margin | 10.7% | 18.4% | 5.6% | 9.6% | 9.3% | 10.0% |
| Revenue growth | +2.9% | +22.4% | +112.2% | +16.4% | +7.2% | — |
| Cash + short-term investments | $326M | $494M | $576M | $534M | $532M | — |
| Total debt | $1.74B | $582M | $3.08B | $2.63B | $2.33B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 32.3x · P/S 3.2x · EV/EBITDA 14.0x · EV/Sales 3.7x · P/FCF 25.6x · P/B 2.8x · FCF yield 3.91% · Earnings yield 3.10% · Net debt $2.36B · EV $18.0B
P/E at fiscal year-ends: Dec 2025 44.9x, Dec 2024 40.5x, Dec 2023 54.5x.

## Analysts
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-06 | Barclays | Target lowered | Overweight | $121 → $110 |
| 2026-09-23 | RBC Capital | Reiterated | Outperform | $152 |
| 2026-08-05 | RBC Capital | Target raised | Outperform | $150 → $152 |
| 2026-07-22 | Barclays | Target lowered | Overweight | $124 → $121 |
| 2026-06-30 | Raymond James | Upgrade | Outperform → Strong Buy | $145 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -16.5% | +36.2% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -16.6% | +6.3% |
| Volatility (annualized) | 34.0% | 29.5% |
| Max drawdown | -32.5% (Feb 2026→Oct 2026) | -30.7% (Sep 2025→Sep 2026) |

## Peers (Specialty Business Services)
ULS (UL Solutions Inc.) USD 73.63 -0.88% · ARMK (Aramark) USD 52.52 -5.73% · RTO (Rentokil Initial plc) USD 22.88 +8.75% · GPN (Global Payments Inc.) USD 85.88 +2.81% · CPRT (Copart, Inc.) USD 29.09 +5.44% · DLB (Dolby Laboratories) USD 63.28 +1.22%

## More
Full page: https://nexqual.com/RBA · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Service revenue | $933.4M | 70.9% | +5.2% |
| — Transactional buyer revenue (part of Service revenue) | $610.9M | 46.4% | +9.0% |
| — Transactional seller revenue (part of Service revenue) | $239.2M | 18.2% | -0.7% |
| — Marketplace services revenue (part of Service revenue) | $83.3M | 6.3% | -2.7% |
| Inventory sales revenue | $383.7M | 29.1% | +28.4% |
| Total revenue | $1.32B | 100% | — |

## Revenue by region (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $897.2M | 68.1% | +10.0% |
| Canada | $207.0M | 15.7% | -3.2% |
| Australia | $98.1M | 7.4% | +84.7% |
| Europe | $80.9M | 6.1% | +2.9% |
| Other | $33.9M | 2.6% | +36.7% |
| Total revenue | $1.32B | 100% | — |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $1.00 | $1.03 | -3.0% | $1.17B | 10 |
| Next quarter (ends 2026-12-31) | $1.22 | $1.25 | -1.9% | $1.28B | 10 |
| Current fiscal year (ends 2026-12-31) | $4.37 | $4.43 | -1.4% | $5.02B | 12 |
| Next fiscal year (ends 2027-12-31) | $4.85 | $4.89 | -0.8% | $5.29B | 12 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-09): ±12.7%; last 8 reports averaged ±6.1%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 56.5% | ±12.7% |
| 2026-12-18 | 56 | 42.7% | ±13.5% |
| 2027-03-19 | 147 | 36.6% | ±18.5% |
| 2027-06-17 | 237 | 35.1% | ±22.3% |