Pulling SEC filings + quote and writing the call…

RB GLOBAL INC.
Next earnings Aug 4, 2026 · consensus $1.17 EPS, $1.23B rev
Last earnings +0.1% on 2026-05-04
Strong post-IAA auction platform compounding revenue and cash flow, but a 54x P/E leaves little room for error.
Sources: SEC EDGAR (CIK 0001046102, latest 10-Q filed 2026-05-04) · EODHD · analysis by claude-code · as of 6/21/2026, 8:41:28 PM.
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Middling fundamentals and a rich price (~73% above fair value) leave little margin of safety — a wait-and-see.
RB Global is the marketplace operator behind Ritchie Bros. and IAA, and the transformation from the IAA acquisition is visible in the numbers: revenue has scaled from $1.42B in FY2021 to $4.59B in FY2025 (+7.2% YoY), with net income climbing to $428M (+3.7%) and operating cash flow of $978M (+5.0%). The balance sheet is healthier post-integration, with long-term debt cut to $2.28B (-12.9%) and a modest 1.09x liabilities-to-equity ratio against $5.57B of equity.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $1.42B | $1.73B | $3.68B | $4.28B | $4.59B |
| Gross profit | — | — | — | — | — |
| Operating income | $241M | $454M | $471M | $761M | $713M |
| Net income | $152M | $320M | $207M | $413M | $428M |
| Diluted EPS | $1.36 | $2.86 | $1.04 | $2.01 | $2.04 |
| Net margin | 10.7% | 18.4% | 5.6% | 9.6% | 9.3% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
1078 tracked peers · median
Disclosed under the STOCK Act
Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.