RB Global Inc. (RBA)

Net profit margin

Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019
Net income (ttm) US$ in thousands 342,000 206,500 167,457 146,957 113,457 319,657 304,995 294,431 301,780 151,868 170,130 183,181 175,475 170,096 172,812 152,691 153,684 149,039 132,952 130,824
Revenue (ttm) US$ in thousands 4,231,900 3,679,600 3,082,608 2,474,308 1,852,308 1,733,808 1,649,273 1,567,455 1,479,316 1,416,971 1,441,011 1,442,871 1,435,560 1,377,260 1,326,041 1,284,295 1,288,467 1,318,641 1,342,419 1,297,969
Net profit margin 8.08% 5.61% 5.43% 5.94% 6.13% 18.44% 18.49% 18.78% 20.40% 10.72% 11.81% 12.70% 12.22% 12.35% 13.03% 11.89% 11.93% 11.30% 9.90% 10.08%

March 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $342,000K ÷ $4,231,900K
= 8.08%

RB Global Inc.'s net profit margin has fluctuated over the past several quarters, ranging from a low of 5.43% in September 2023 to a high of 20.40% in March 2022. The net profit margin indicates that the company is generating between 5.43% and 20.40% in profits for every dollar of revenue generated. The substantial decrease in net profit margin from the highs of 18.44% and above in the previous quarters to below 10% in recent quarters might indicate a reduction in profitability or increased costs relative to revenue. This trend suggests that RB Global Inc. may have experienced challenges in maintaining consistent profitability in recent quarters and may need to closely monitor and manage its expenses and revenue generation going forward to improve its overall financial performance.


Peer comparison

Mar 31, 2024