RB Global (RBA) FY2024 results: revenue $4.3 billion, up 16.4% on the year
RB Global Inc. (RBA) reported revenue of $4.3 billion for fiscal 2024, the year ended 31 December 2024, up 16.4% on the year before. Net income was $413 million, up 100.0%, and diluted earnings per share $2.01. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2025.
Revenue
$4.3 billion
+16.4% on the year
FY2017FY2024
Operating margin
17.8%
12.8% a year earlier
FY2017FY2024
Net income
$413 million
+100.0% on the year
FY2017FY2024
Diluted EPS
$2.01
+93.3% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
932
544
463
+71.3%
Capital expenditure
167
228
32.0
-26.5%
Free cash flow
765
316
431
+141.9%
Free cash flow margin
17.8%
8.6%
24.9%
Cash from investing
-302
-3,108
77.3
Cash from financing
-646
2,676
-1,258
Depreciation and amortisation
444
352
97.2
+26.2%
Share-based compensation
62.4
55.8
41.7
+11.8%
Dividends paid
206
298
115
-30.9%
Diluted shares, weighted
185m
168m
112m
+10.1%
Shares outstanding at period end
185m
183m
111m
+1.0%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
5,224
5,017
1,290
+4.1%
Non-controlling interest
2.3
2.3
0.5
0.0%
Redeemable equity
482
482
0.0
0.0%
Debt
2,654
3,090
611
-14.1%
Operating lease liabilities
1,431
1,354
112
+5.7%
Finance lease liabilities
36.7
16.4
15.3
+123.8%
Other liabilities
1,977
2,076
836
-4.8%
Total liabilities and equity
11,807
12,037
2,864
-1.9%
Fixed assets
1,275
1,201
459
+6.2%
Goodwill
4,512
4,537
949
-0.6%
Intangible assets
2,669
2,914
323
-8.4%
Cash and equivalents
534
576
494
-7.3%
Receivables
709
732
183
-3.0%
Inventory
122
166
103
-27.0%
Other assets
1,986
1,911
353
+3.9%
Total assets
11,807
12,037
2,864
-1.9%
10-K for the year ended 31 December 2024, filed 26 February 2025: the filing.