RB Global, Inc. functions as a comprehensive global omnichannel platform, delivering valuable insights, diverse services, and efficient transaction solutions to facilitate the ...
RB Global, Inc. is a comprehensive global omnichannel platform that facilitates the buying and selling of commercial assets, including vehicles, equipment, and other heavy machinery. The company operates through a portfolio of well-known brands: Ritchie Bros., a leading auctioneer for online bidding of commercial assets; IAA, a digital marketplace connecting ...RB Global, Inc. is a comprehensive global omnichannel platform that facilitates the buying and selling of commercial assets, including vehicles, equipment, and other heavy machinery. The company operates through a portfolio of well-known brands: Ritchie Bros., a leading auctioneer for online bidding of commercial assets; IAA, a digital marketplace connecting vehicle buyers and sellers, particularly in the total loss and salvage vehicle segment; Rouse Services, which provides asset management, data intelligence, and benchmarking; SmartEquip, a technological platform supporting equipment lifecycle management; Xcira, offering live simulcast auction technology; and Veritread, an online marketplace for heavy haul transportation. This diverse brand portfolio allows RB Global to serve a broad range of asset categories, from automotive and commercial transportation to construction, government surplus, lifting and material handling, energy, mining, and agriculture.
Financially, as of the latest reporting, RB Global has a market capitalization of approximately $17.6 billion USD, with a stock price around $94.72. The company generates substantial revenue, with a TTM revenue per share of $26.08 and a net profit margin of 10%. Key financial ratios indicate a healthy balance sheet with a current ratio of 1.31 and a debt-to-equity ratio of 0.75. The company's enterprise value stands at $21.6 billion, with an EV/EBITDA multiple of 15.36, reflecting its growth-oriented market position.
RB Global employs around 8,700 people globally, operating across North America and internationally. The company was founded in 1958 and has grown both organically and through strategic acquisitions, notably the merger with IAA in 2023. Its leadership, including CEO James Kessler and Chairman Erik Olsson, drives a vision of innovation and digital transformation in the asset marketplace industry. The company's competitive advantages lie in its comprehensive service offerings, data analytics capabilities, and extensive network of buyers and sellers. With a focus on expanding its digital footprint and enhancing customer experience, RB Global aims to maintain its position as a trusted partner in the global commercial asset marketplace, delivering value through technology and market expertise.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$4.7B
+9.0%
+6.7%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$435.9M
+5.5%
+5.9%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+35.8%
-23.4%
-62.4%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+17.7%
-0.6%
-5.0%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+9.3%
-3.2%
-0.7%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$731.8M
+11.7%
-36.9%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+15.7%
+2.5%
-40.8%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
91.1%
+13.9%
-30.1%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
1.10x
-14.4%
+15.3%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Hello, everyone. Thank you for joining us, and welcome to RB Global Second Quarter 2026 Earnings Call. [Operator Instructions] I would now like to hand the call over to Sameer Rathod, Vice President, Investor Relations and Market Intelligence. Sameer, please go ahead.
Sameer Rathod: Hello, and good afternoon. Thank you for joining us today to discuss our second quarter 2026 results. On the call with me are Jim Kessler, our Chief Executive Officer; and Eric Guerin, our Chief Financial Officer. The following discussion will include forward-looking statements, including projections of future earnings, business and market trends. These statements are subject to risks and uncertainties that could cause actual results to differ materially and should be considered in conjunction with the cautionary statements contained in our earnings release and periodic SEC reports. We will also discuss certain non-GAAP financial measures. For the identification of these measures, the most directly comparable GAAP financial measures and the applicable reconciliation, please see our earnings release and SEC filings. At this time, I would like to turn the call over to our CEO, Jim Kessler. Jim?
James Kessler: Thanks, Sameer, and good afternoon to everyone joining us today. Last quarter, we said our priorities are straightforward, continue to gain share, execute with discipline and position the business for durable long-term growth. Our second quarter results reinforce our confidence that our strategy is working. Our teams across the organization delivered another strong quarter, remaining focused on serving our partners, advancing our strategic priorities and operating with discipline. Those efforts drove 11% GTV growth and 6% adjusted EBITDA growth, underscoring the resilience of our marketplace platform and the durability of our long-term growth strategy. Turning to BigIron. We are pleased to complete our acquisition in May. BigIron establishes RB Global as a scaled, trusted global partner in the U.S. agriculture sector, creating a new growth platform. While agriculture has long been an important end market for us, particularly in Canada, BigIron significantly expands our presence in the United States with a leading marketplace that services buyers and sellers of farm equipment and agriculture real estate. BigIron brings a highly respected brand with an experienced team that has built trusted local customer relationships over decades in the U.S. agricultural Heartland. Their footprint is highly complementary to ours with limited overlap with our existing business. By combining BigIron's deep industry expertise and strong customer relationships with RB Global scale, technology capabilities and global buyer network, we believe we are well positioned to create greater value for customers while further strengthening our long-term growth profile. Just as important, this acquisition reinforces the strategy that has consistently created value at RB Global, …
