A Business at a Glance
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RBC Bearings INC
RBC
$18.1B
Mkt Cap
$595.07
-0.04%
RBC Bearings INC (RBC) has a current P/E ratio of 69.8, compared to its historical median P/E of 31.9. The stock is currently considered Expensive based on its historical valuation range.
RBC Bearings INC (RBC) has a 5-year average return on invested capital (ROIC) of 6.5%. This is below average and may indicate limited pricing power.
RBC Bearings INC (RBC) has a market capitalization of $19.5B. It is classified as a large-cap stock.
Yes, RBC Bearings INC (RBC) pays a dividend with a trailing twelve-month yield of 0.10%. The company also returns capital through share buybacks, with a buyback yield of 0.05%.
Based on historical P/E analysis, RBC Bearings INC (RBC) appears expensive. The current P/E of 69.8 is 119% above its historical median of 31.9. The estimated fair value CAGR (P/E method) is 7.4%.
RBC Bearings INC (RBC) operates in the Ball & Roller Bearings industry, within the Industrials sector.
RBC Bearings INC (RBC) reported annual revenue of $1.6 billion in its most recent fiscal year, based on SEC EDGAR filings.
RBC Bearings Incorporated is an international manufacturer of highly engineered precision bearings, components, and essential systems serving the aerospace, defense, and industrial industries. The company operates across two principal segments: Industrial (64% of fiscal 2025 net sales), which serves diversified markets including construction, mining, food and beverage, oil and gas, warehousing, and packaging; and Aerospace/Defense (36% of fiscal 2025 net sales), which supplies bearings and engineered components for commercial and military aircraft, guided weaponry, space systems, and marine applications. RBC's business model emphasizes value-added engineering and manufacturing capabilities in the higher end of the bearing and component markets, where specialized design and certification during aircraft development often establish the company as the primary supplier for the life of the platform. The company operates 54 facilities across 11 countries, including 38 manufacturing facilities, enabling geographic and end-market diversification. RBC's competitive moat derives from its application expertise, industrialized catalog of products, and deep customer relationships with major OEMs such as Boeing, Airbus, Pratt & Whitney, GE, Caterpillar, Komatsu, and Halliburton, as well as aftermarket distributors. The company's unit economics benefit from both original equipment and aftermarket demand, with aerospace and defense contracts often spanning multiple years and industrial business characterized by more frequent order cycles.
【Aerospace-defense momentum accelerating】 Management describes the aerospace and defense sector environment as "extremely robust," driven by unprecedented commercial aircraft build rates at major OEMs, accelerating submarine fleet production across Virginia and Columbia class programs, NATO's 5% GDP defense spending initiative in Europe, and expanded space exploration programs. The company expects defense and space to grow faster than commercial aerospace, with marine products representing a significant tailwind as submarine production rates continue to ramp. RBC is adding machinery and floor space to accommodate increased production rates and expects continued growth at both OEM and aftermarket levels across three continents. Gross margin expansion is anticipated to continue gradually as pricing benefits from Boeing and Airbus contract renegotiations flow through shipments beginning January 1, with management expecting consolidated gross margins to expand by approximately 50 basis points for the full year. The company remains focused on deleveraging through cash generation and expects to pay off the remainder of its term loan by November 2026.
| Metric | Target | Period |
|---|---|---|
| Backlog | approximately $2.3 billion | Q2 FY2027 (as of earnings call date) |
| Adjusted gross margin | 45.25%-45.5% | FY2027 |
| Consolidated gross margin expansion | approximately 50 basis points | FY2027 |
| Q4 FY2026 Revenue | $495 million-$505 million | Q4 FY2026 |
| Q3 FY2026 Revenue | $454 million-$462 million | Q3 FY2026 |
Backlog (Q2 FY2027 (as of earnings call date)): “This strong momentum in aerospace and defense is further reflected in our backlog, which has continued to expand and currently stands at approximately $2.3 billion.”
Adjusted gross margin (FY2027): “Adjusted gross margin is expected to be in the range of 45.25%-45.5%”
Consolidated gross margin expansion (FY2027): “For the full year, we think we can still expand the consolidated gross margins by about 50 basis points.”
Q4 FY2026 Revenue (Q4 FY2026): “Looking into the fourth quarter, we are guiding revenues of $495 million-$505 million, representing year-over-year growth of 13.1%-15.4%.”
Q3 FY2026 Revenue (Q3 FY2026): “Looking into the third quarter, we are guiding revenues of $454 million- $462 million, representing year-over-year growth of 15.1%- 17.1%.”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q2 FY2027 Earnings Call, Q1 FY2027 Earnings Call, Q4 FY2026 Earnings Call, Q3 FY2026 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.8B | 1.6B | 1.6B | 1.5B | 943M | 609M |
| Net Income | 269M | 234M | 187M | 144M | 55M | 90M |
| EPS | $8.23 | $7.70 | $6.41 | $4.94 | $1.56 | $3.58 |
| Free Cash Flow | 330M | 244M | 242M | 179M | 151M | 141M |
| ROIC | 7.1% | 7.5% | 7.1% | 6.0% | 3.3% | 8.6% |
| Gross Margin | 44.3% | 44.4% | 43.0% | 41.2% | 37.9% | 38.4% |
| Debt/Equity | 0.36 | 0.31 | 0.43 | 0.55 | 0.71 | 0.01 |
| Dividends/Share | $0.00 | $0.57 | $0.79 | $0.79 | - | - |
| Operating Income | 403M | 370M | 342M | 293M | 121M | 115M |
| Operating Margin | 22.5% | 22.6% | 21.9% | 19.9% | 12.8% | 18.8% |
| ROE | 8.2% | 8.1% | 7.1% | 5.9% | 3.0% | 7.7% |
| Shares Outstanding | 33M | 30M | 29M | 29M | 35M | 25M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 419M | 445M | 597M | 615M | 675M | 703M | 727M | 609M | 943M | 1.5B | 1.6B | 1.6B | 1.8B |
| Gross Margin | 39.3% | 38.2% | 36.6% | 37.4% | 38.3% | 39.4% | 39.7% | 38.4% | 37.9% | 41.2% | 43.0% | 44.4% | 44.3% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 28M | 32M | 33M | 33M | 33M |
| SG&A | 72M | 76M | 99M | 103M | 113M | 118M | 130M | 103M | 168M | 230M | 254M | 279M | 301M |
| EBIT | 89M | 88M | 104M | 115M | 129M | 132M | 149M | 115M | 121M | 293M | 342M | 370M | 403M |
| Op. Margin | 21.2% | 19.9% | 17.4% | 18.6% | 19.1% | 18.8% | 20.5% | 18.8% | 12.8% | 19.9% | 21.9% | 22.6% | 22.5% |
| Net Income | 60M | 58M | 64M | 71M | 87M | 105M | 120M | 90M | 55M | 144M | 187M | 234M | 269M |
| Net Margin | 14.4% | 13.1% | 10.7% | 11.5% | 12.9% | 15.0% | 16.5% | 14.8% | 5.8% | 9.8% | 12.0% | 14.3% | 15.0% |
| Non-Recurring | 1.8M | 4.5M | 190K | 1.4M | 17M | 33M | 1.7M | 7.2M | 0 | 4.0M | 4.5M | 600K | 4.5M |
| Returns on Capital | |||||||||||||
| ROIC | 15.6% | 14.2% | 10.2% | 8.2% | 9.9% | 11.5% | 12.1% | 8.6% | 3.3% | 6.0% | 7.1% | 7.5% | 7.1% |
| ROE | 12.0% | 10.7% | 10.9% | 10.6% | 11.2% | 11.6% | 11.5% | 7.7% | 3.0% | 5.9% | 7.1% | 8.1% | 8.2% |
| ROA | 10.4% | 9.3% | 7.4% | 6.4% | 7.7% | 9.2% | 9.7% | 6.5% | 1.7% | 3.0% | 4.0% | 5.0% | 5.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 48M | 72M | 83M | 101M | 130M | 109M | 156M | 152M | 180M | 221M | 275M | 294M | 400M |
| Free Cash Flow | 19M | 51M | 62M | 80M | 102M | 67M | 118M | 141M | 151M | 179M | 242M | 244M | 330M |
| Owner Earnings | 27M | 48M | 47M | 62M | 89M | 63M | 97M | 102M | 82M | 91M | 138M | 145M | -16M |
| CapEx | 29M | 21M | 21M | 21M | 28M | 41M | 37M | 12M | 30M | 42M | 33M | 50M | 70M |
| Maint. CapEx | 15M | 15M | 26M | 27M | 28M | 30M | 31M | 33M | 66M | 115M | 119M | 120M | 385M |
| Growth CapEx | 14M | 5.9M | 0 | 0 | 0 | 12M | 5.9M | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 15M | 15M | 26M | 27M | 28M | 30M | 31M | 33M | 66M | 115M | 119M | 120M | 385M |
| CapEx/OCF | 60.3% | 29.1% | 25.0% | 20.6% | 21.5% | 38.1% | 24.0% | 7.7% | 16.5% | 19.0% | 12.1% | 17.0% | 17.4% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 46M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23M | 23M | 17M | 0 |
| Dividend Yield | N/A | 3.4% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.4% | 0.3% | 0.2% | N/A |
| Share Buybacks | 1.8M | 7.1M | 10M | 4.8M | 5.0M | 5.2M | 12M | 6.8M | 8.6M | 7.7M | 11M | 9.5M | 9.5M |
| Buyback Yield | 0.1% | 0.4% | 0.7% | 0.2% | 0.2% | 0.2% | 0.5% | 0.1% | 0.2% | 0.1% | 0.1% | 0.1% | 0.0% |
| Stock-Based Comp | 5.8M | 8.3M | 10M | 12M | 13M | 16M | 28M | 18M | 33M | 14M | 17M | 28M | 31M |
| Debt Repayment | 0 | 0 | 7.5M | 10M | 14M | 169M | 46M | 4.4M | 113M | 300M | 225M | 262M | 262M |
| Balance Sheet | |||||||||||||
| Net Debt | -113M | -116M | 324M | 231M | 119M | 14M | -80M | -156M | 1.5B | 1.3B | 1.1B | 888M | 1.1B |
| Cash & Equiv. | 121M | 125M | 39M | 39M | 54M | 30M | 103M | 82M | 183M | 65M | 64M | 37M | 108M |
| Long-Term Debt | 9.2M | 8.0M | 353M | 256M | 154M | 43M | 17M | 13M | 1.7B | 1.4B | 1.2B | 918M | 702M |
| Debt/Equity | 0.02 | 0.02 | 0.59 | 0.38 | 0.21 | 0.04 | 0.02 | 0.01 | 0.71 | 0.55 | 0.43 | 0.31 | 0.36 |
| Interest Coverage | 87.0 | 83.8 | 11.9 | 13.2 | 17.2 | 25.5 | 79.2 | 81.9 | 2.9 | 3.8 | 4.3 | 6.2 | 6.2 |
| Equity | 538M | 549M | 621M | 717M | 835M | 972M | 1.1B | 1.2B | 2.4B | 2.5B | 2.8B | 3.0B | 3.3B |
| Total Assets | 621M | 632M | 1.1B | 1.1B | 1.1B | 1.1B | 1.3B | 1.4B | 4.8B | 4.7B | 4.7B | 4.7B | 5.1B |
| Total Liabilities | 83M | 83M | 478M | 392M | 308M | 179M | 204M | 84M | 2.5B | 2.2B | 1.9B | 1.7B | 1.9B |
| Intangibles | 15M | 12M | 207M | 197M | 184M | 156M | 163M | 154M | 1.5B | 1.5B | 1.4B | 1.3B | 1.4B |
| Retained Earnings | 302M | 314M | 378M | 449M | 537M | 642M | 10M | 843M | 886M | 1.0B | 1.2B | 1.5B | 1.6B |
| Working Capital | 375M | 383M | 341M | 355M | 378M | 413M | 508M | 659M | 649M | 604M | 671M | 712M | 564M |
| Current Assets | 418M | 425M | 429M | 448M | 484M | 503M | 612M | 728M | 962M | 913M | 966M | 1.0B | 1.2B |
| Current Liabilities | 43M | 42M | 88M | 93M | 105M | 90M | 104M | 69M | 314M | 309M | 294M | 315M | 656M |
| Per Share Data | |||||||||||||
| EPS | 2.59 | 2.49 | 2.72 | 2.97 | 3.58 | 4.26 | 4.81 | 3.58 | 1.56 | 4.94 | 6.41 | 7.70 | 8.23 |
| Owner EPS | 1.17 | 2.07 | 2.02 | 2.60 | 3.64 | 2.54 | 3.86 | 4.04 | 2.33 | 3.13 | 4.73 | 4.78 | -0.50 |
| Book Value | 23.16 | 23.49 | 26.43 | 30.15 | 34.29 | 39.35 | 44.88 | 48.96 | 67.66 | 87.12 | 94.38 | 99.84 | 99.72 |
| Cash Flow/Share | 2.06 | 3.07 | 3.55 | 4.26 | 5.35 | 4.40 | 6.22 | 6.06 | 5.14 | 7.58 | 9.42 | 9.67 | 19.97 |
| Dividends/Share | 0.00 | 2.00 | 0.00 | 0.00 | N/A | N/A | N/A | N/A | N/A | 0.79 | 0.79 | 0.57 | 0.00 |
| Shares Out. | 23.2M | 23.4M | 23.5M | 23.8M | 24.3M | 24.7M | 25.0M | 25.2M | 35.1M | 29.1M | 29.2M | 30.4M | 32.7M |
| Valuation | |||||||||||||
| P/E Ratio | 22.1 | 28.6 | 25.0 | 29.5 | 31.9 | 28.1 | 20.7 | 51.8 | 123.2 | 45.6 | 42.2 | 42.3 | 72.3 |
| P/FCF | 70.0 | 32.7 | 25.6 | 26.0 | 27.2 | 44.0 | 22.1 | 33.2 | 44.8 | 36.8 | 32.6 | 40.6 | 59.0 |
| EV/EBIT | 13.8 | 16.1 | 18.2 | 20.2 | 22.3 | 22.3 | 15.5 | 38.8 | 54.4 | 26.7 | 26.2 | 29.0 | 51.0 |
| Price/Book | 2.5 | 3.0 | 2.6 | 2.9 | 3.3 | 3.1 | 2.3 | 3.8 | 2.2 | 2.6 | 2.9 | 3.3 | 6.0 |
| Price/Sales | 3.0 | 3.0 | 2.5 | 2.9 | 3.9 | 4.5 | 5.0 | 5.8 | 5.8 | 4.3 | 4.5 | 5.6 | 10.9 |
| FCF Yield | 1.4% | 3.1% | 3.9% | 3.9% | 3.7% | 2.3% | 4.5% | 3.0% | 2.9% | 2.7% | 3.1% | 2.5% | 1.7% |
| Market Cap | 1.3B | 1.7B | 1.6B | 2.1B | 2.8B | 3.0B | 2.6B | 4.7B | 5.3B | 6.6B | 7.9B | 9.9B | 19.5B |
| Avg. Price | 54.67 | 57.38 | 63.16 | 75.64 | 107.37 | 128.76 | 146.74 | 141.09 | 200.17 | 216.03 | 239.44 | 299.72 | 595.07 |
| Year-End Price | 57.34 | 71.10 | 68.00 | 87.69 | 114.38 | 119.64 | 104.53 | 185.51 | 192.24 | 225.48 | 270.35 | 325.60 | 595.07 |
RBC Bearings INC passes 3 of 9 quality checks, indicating weak fundamentals.
RBC Bearings INC trades at 69.8x trailing earnings, compared to its 15-year median P/E of 31.9x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 57.0x vs a median of 32.9x. The company's 5-year average ROIC is 6.5% with a gross margin of 41.0%. Total shareholder yield () is 0.1%. At current prices, the estimated annualized return to fair value is +14.4%.
RBC Bearings INC (RBC) has a net profit margin of 14.3%. This is a healthy margin.
RBC Bearings INC (RBC) generated $244 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
RBC Bearings INC (RBC) has a debt-to-equity ratio of 0.31. This indicates a conservatively financed balance sheet.
RBC Bearings INC (RBC) reported earnings per share (EPS) of $7.70 in its most recent fiscal year.
RBC Bearings INC (RBC) has a return on equity (ROE) of 8.1%. This indicates moderate shareholder returns.
RBC Bearings INC (RBC) has a 5-year average gross margin of 41.0%. This indicates decent pricing power.
The Ledger Terminal provides 15 years of financial data for RBC Bearings INC (RBC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
RBC Bearings INC (RBC) has a book value per share of $99.84, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management describes the aerospace and defense sector environment as "extremely robust," driven by unprecedented commercial aircraft build rates at major OEMs, accelerating submarine fleet production across Virginia and Columbia class programs, NATO's 5% GDP defense spending initiative in Europe, and expanded space exploration programs. The company expects defense and space to grow faster than commercial aerospace, with marine products representing a significant tailwind as submarine production rates continue to ramp. RBC is adding machinery and floor space to accommodate increased production rates and expects continued growth at both OEM and aftermarket levels across three continents. Gross margin expansion is anticipated to continue gradually as pricing benefits from Boeing and Airbus contract renegotiations flow through shipments beginning January 1, with management expecting consolidated gross margins to expand by approximately 50 basis points for the full year. The company remains focused on deleveraging through cash generation and expects to pay off the remainder of its term loan by November 2026.
Based on recent SEC filings and earnings calls, RBC Bearings INC (RBC) has provided the following forward guidance: Backlog: approximately $2.3 billion (Q2 FY2027 (as of earnings call date)); Adjusted gross margin: 45.25%-45.5% (FY2027); Consolidated gross margin expansion: approximately 50 basis points (FY2027); Q4 FY2026 Revenue: $495 million-$505 million (Q4 FY2026); Q3 FY2026 Revenue: $454 million-$462 million (Q3 FY2026).
No recent press releases.