# RBC Bearings Incorporated (RBC)

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

**Price:** USD 478.03 (-5.24% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 504.49 · day 465.72–495.44 · 52w 395.9–667.69 · market cap $15.1B · NYQ

## Key facts
- Last four reported quarters (through Jun 27, 2026): revenue $1.95B, net income $321M (16.4% margin), free cash flow $385M (SEC filings).
- Valuation: P/E 47.2x (avg 45.7x at the last 3 fiscal year-ends), EV/EBITDA 26.7x, net debt $682M.
- 2 of 80 tracked superinvestors hold RBC (13F, Q2 2026): 0 new, 1 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 5 Form 4 filings, $1.4M; 5 not under a Rule 10b5-1 plan ($1.4M); 2 by opportunistic insiders (2 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.00 on a 1–5 scale) (10 analysts), mean target USD 618.89 (range 500–680).
- Total return with dividends: 1Y +17.4% vs S&P 500 +14.9%; 5Y +114.5% vs S&P 500 +80.3%.
- Next earnings: 2026-10-30, EPS estimate USD 3.53, revenue estimate $515M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $943M | $1.47B | $1.56B | $1.64B | $1.87B | $1.95B |
| Gross profit | $357M | $605M | $671M | $726M | $830M | — |
| Operating income | — | $293M | $342M | $370M | $421M | $461M |
| Net income | — | $167M | $210M | $246M | $288M | $321M |
| EPS (diluted) | — | $4.94 | $6.41 | $7.70 | $9.09 | — |
| Free cash flow | — | $179M | $242M | $244M | $343M | $385M |
| Gross margin | 37.9% | 41.2% | 43.0% | 44.4% | 44.4% | — |
| Operating margin | — | 19.9% | 21.9% | 22.6% | 22.5% | 23.6% |
| Net margin | — | 11.3% | 13.5% | 15.0% | 15.4% | 16.4% |
| Revenue growth | — | +55.8% | +6.2% | +4.9% | +14.3% | — |
| Cash + short-term investments | — | — | $63.5M | $36.8M | $57.3M | — |
| Total debt | — | $1.40B | $1.19B | $920M | $876M | — |
Fiscal years end Mar. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 27, 2026)
P/E 47.2x · P/S 7.7x · EV/EBITDA 26.7x · EV/Sales 8.1x · P/FCF 39.3x · P/B 4.4x · FCF yield 2.55% · Earnings yield 2.12% · Net debt $682M · EV $15.8B
P/E at fiscal year-ends: Mar 2026 59.7x, Mar 2025 39.7x, Mar 2024 37.6x.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold RBC. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Henry Ellenbogen | Durable Capital Partners | 10.70% | $1.10B | Reduced -24.9% |
| Torray Funds |  | 0.79% | $5.9M | Added +0.3% |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 5 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-06-25 | Feeney John J. | Vice President and Secretary | 225 | $148K | 8.6% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-06-24 | Ennico Dolores J | Director | 600 | $382K | 7.6% | No | Too little history (no open-market trades in 2024) |
| 2026-06-17 | Kaplan Steven H. | Director | 350 | $221K | 20.3% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-06-03 | Stewart Edward | Director | 600 | $356K | 2.7% | No | Too little history (no open-market trades in 2025) |
| 2026-06-03 | Boyan Barry C. | Director | 555 | $328K | 12.9% | No | Too little history (no open-market trades in 2023 or 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 2.00 on a 1–5 scale), 10 analysts; mean target USD 618.89 (low 500, high 680).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-15 | Guggenheim | Initiated | Buy | $600 |
| 2026-08-04 | Truist Securities | Target raised | Buy | $615 → $646 |
| 2026-08-03 | Raymond James | Upgrade | Market Perform → Outperform | $645 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +17.4% | +114.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +17.4% | +16.4% |
| Volatility (annualized) | 28.1% | 29.8% |
| Max drawdown | -26.3% (Jun 2026→Oct 2026) | -33.5% (Nov 2021→May 2022) |

## Peers (Tools & Accessories)
SWK (Stanley Black & Decker, Inc.) USD 98.97 +3.70% · LECO (Lincoln Electric Holdings, Inc.) USD 256.98 -2.34% · SNA (Snap-On Incorporated) USD 356.46 -3.37% · TTC (Toro Company (The)) USD 105.32 +1.91% · TKR (Timken Company (The)) USD 108.4 -5.71% · KMT (Kennametal Inc.) USD 29.59 -4.89%

## More
Full page: https://nexqual.com/RBC · 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

## Supply chain and relationships (SEC annual reports)

Named in RBC's own 10-K filed 2026-05-15 (https://www.sec.gov/Archives/edgar/data/1324948/000121390026057626/ea0288814-10k_rbcbear.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Caterpillar (CAT) | "largest industrial customers include Caterpillar, Komatsu and Halliburton and various aftermarket distributors including Motion Industries," |
| Customer | Boeing (BA) | "largest Aerospace & Defense customers include the DOD, Boeing, Airbus, Newport News Shipbuilding, Lockheed Martin, Northrop Grumman," |
| Customer | Airbus | "largest Aerospace & Defense customers include the DOD, Boeing, Airbus, Newport News Shipbuilding, Lockheed Martin, Northrop Grumman," |
| Customer | Lockheed Martin (LMT) | "largest Aerospace & Defense customers include the DOD, Boeing, Airbus, Newport News Shipbuilding, Lockheed Martin, Northrop Grumman," |

## Revenue by business segment (quarter ended 2026-06-27)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Industrial | $294.1M | 56.6% | +8.4% |
| Aerospace Defense | $225.4M | 43.4% | +36.9% |
| Total revenue | $519.5M | 100% | — |

## Revenue by product line (quarter ended 2026-06-27)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Industrial | $294.1M | 56.6% | +8.4% |
| Aerospace Defense | $225.4M | 43.4% | +36.9% |
| Total revenue | $519.5M | 100% | — |

## Revenue by region (quarter ended 2026-06-27)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $467.0M | 89.9% | +20.2% |
| Non Us | $52.5M | 10.1% | +10.5% |
| Total revenue | $519.5M | 100% | — |

## Company outlook (8-K filed 2026-07-31)

- "Outlook for the Second Quarter Fiscal 2027 The Company expects net sales to be approximately $505.0 million to $515.0 million in the second quarter of fiscal 2027, compared to $455.3 million in the prior year, for a growth rate of 10.9% to 13.1%."
- "Gross margin is expected to be in the range of 45.5% to 45.75% and SG&A as a percentage of net sales is expected to be in the range of 16.5% to 16.75%."

Analysts expect $514.8M for the current quarter, +0.9% vs the guidance midpoint $510.0M. Source: https://www.sec.gov/Archives/edgar/data/1324948/000121390026083672/ea029998301ex99-1.htm

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $3.53 | $3.52 | +0.3% | $514.8M | 9 |
| Next quarter (ends 2026-12-31) | $3.61 | $3.57 | +1.0% | $521.4M | 8 |
| Current fiscal year (ends 2027-03-31) | $14.76 | $14.44 | +2.2% | $2.13B | 10 |
| Next fiscal year (ends 2028-03-31) | $16.64 | $16.39 | +1.6% | $2.36B | 9 |

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

Expected move by 2026-11-20 (includes earnings 2026-10-30): ±8.0%; last 8 reports averaged ±5.7%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 35.3% | ±8.0% |
| 2026-12-18 | 56 | 31.7% | ±10.0% |
| 2027-01-15 | 84 | 30.3% | ±11.7% |
| 2027-04-16 | 175 | 30.2% | ±16.9% |