RBARB Global, Inc.
Is the business good?
A genuinely good business: earnings fully cash-backed (1.4×) and margins widening.
Operating profit is fully backed by cash. Conversion is worsening vs a year ago.
Negative operating leverage, costs are rising faster than sales, squeezing margins as it grows.
A balanced mix of margins, efficiency, and leverage. ROE 8% = margin × turnover × leverage.
Unless marked, from derived.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is RBA?
RB Global, Inc. earns 7.7% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
Return on invested capital · cost of capital 9.0% · 1.3 points below what the capital costs: growth destroys value
- Operating margin
- 16%
Operating margin · Specialty Business Services median 6.8% · 12 months to Q2 2026
- Cash conversion
- 1.39×
Cash conversion · 1.70× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- +0.16%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2020 | 19% |
| FY2021 | 17% |
| FY2022 | 26% |
| FY2023 | 13% |
| FY2024 | 18% |
| FY2025 | 16% |
Details›
- Operating margin12 months to Q2 2026
- 16%
- Net margin12 months to Q2 2026
- 10.0%
- Free cash flow margin
- 13%
- Revenue, trailing twelve months
- $4.85B
- Free cash flow, trailing twelve months
- $611M
- Net income, trailing twelve months
- $484M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 7.7%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Specialty Business Services
Ranks #15 of 22 by RyuScore