RB Global Inc. (RBA)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	4,284,200	1,778,400	957,107	822,188	761,671
Revenue	US$ in thousands	4,284,200	3,679,600	1,733,810	1,416,970	1,377,260
Gross profit margin		100.00%	48.33%	55.20%	58.02%	55.30%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $4,284,200K ÷ $4,284,200K
= 100.00%

RB Global Inc.'s gross profit margin has displayed fluctuations over the past five years. The margin increased from 55.30% as of December 31, 2020, to 58.02% as of December 31, 2021, indicating improved profitability in the initial years. However, there was a decline in the gross profit margin to 55.20% by December 31, 2022, before dropping significantly to 48.33% by December 31, 2023. This decline may suggest challenges in managing production costs relative to sales revenue during that period.

Interestingly, there was a remarkable upsurge in the gross profit margin to 100.00% as of December 31, 2024, which appears unusual and warrants further investigation. Such an exceptionally high margin could indicate potential anomalies in the financial data or strategic shifts in the company's operations that require closer scrutiny. Overall, the fluctuating trend in the gross profit margin of RB Global Inc. underscores the importance of monitoring operational efficiencies and cost structures to sustain and enhance profitability over time.