RB Global Inc. (RBA)

Net profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	413,100	206,500	319,700	119,135	170,095
Revenue	US$ in thousands	4,284,200	3,679,600	1,733,810	1,416,970	1,377,260
Net profit margin		9.64%	5.61%	18.44%	8.41%	12.35%

December 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $413,100K ÷ $4,284,200K
= 9.64%

RB Global Inc.'s net profit margin has exhibited fluctuations over the past five years. In December 2020, the net profit margin stood at 12.35%, indicating that the company earned approximately 12.35 cents in profit for every dollar of revenue generated. The following year, in December 2021, the net profit margin declined to 8.41%, suggesting that the company's profitability decreased during that period.

However, RB Global Inc. witnessed a significant improvement in profitability by December 2022, with the net profit margin soaring to 18.44%, signaling a robust performance in generating profits relative to revenue. Subsequently, in December 2023, the net profit margin dropped to 5.61%, illustrating a decline in profitability compared to the previous year.

By the end of December 2024, RB Global Inc.'s net profit margin had slightly increased to 9.64%. Despite the improvement from the previous year, the company's profitability remained below the levels seen in December 2022. Overall, the fluctuating trend in net profit margin indicates varying levels of efficiency in converting revenue into profits for RB Global Inc.