Ralliant Corp. (RAL) 10-Year Financial Performance & Capital Metrics

RAL • • Industrial / General

IndustrialsAerospace & DefenseAerospace Components & SubsystemsAvionics & Flight Systems

AboutRalliant Corporation specializes in the design, development, and manufacturing of precision instruments and engineered products. The company offers test and measurement systems, advanced specialty sensors, and subsystems for defense and space applications.Show more

Revenue $2.15B
EBITDA $571M +5.3%
Net Income $303M -27.3%
EPS (Diluted) 2.68 -27.5%
Gross Margin 51.61% -0.6%
EBITDA Margin 26.52% +5.4%
Operating Margin 21.27% -10.4%
Net Margin 14.06% -27.3%
ROE 10.06% -45.4%
ROIC 11.19% -32.7%
Debt/Equity 0.02 -8.5%
Interest Coverage 6.91

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓FCF machine: 19.5% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Healthy 5Y average net margin of 16.7%

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-

EPS CAGR

10Y-

5Y-

3Y-

TTM-

ROCE

10Y Avg17.06%

5Y Avg17.06%

3Y Avg17.06%

Latest13.7%

Peer Comparison

Avionics & Flight Systems

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CWCurtiss-Wright Corporation	23.44B	635.74	60.26	9.69%	13.78%	18.39%	2.06%	0.50
RTXRTX Corporation	260.22B	194.08	54.67	17.15%	7.67%	9.93%	1.74%	0.69
TATTTAT Technologies Ltd.	675.51M	52.16	52.16	33.68%	9.08%	9.18%		0.18
WWDWoodward, Inc.	19.8B	330.09	45.91	7.3%	12.39%	17.23%	1.72%	0.10
TDGTransDigm Group Incorporated	77.83B	1381.98	38.78	11.22%	22.52%		2.33%
MOG-AMoog Inc.	7.98B	276.61	37.74	6.97%	6.08%	11.8%	1.61%	0.56
ISSCInnovative Solutions and Support, Inc.	341.73M	19.25	21.88	78.6%	15.11%	20.6%	1.99%	0.37
RALRalliant Corp.	5.89B	52.25	19.50	-0.05%	14.06%	10.06%	7.13%	0.02

Profit & Loss

	Dec 2023	Dec 2024
Sales/Revenue+	2.16B	2.15B
Revenue Growth %	-	-0%
Cost of Goods Sold+	1.04B	1.04B
COGS % of Revenue	0.48%	0.48%
Gross Profit+	1.12B	1.11B
Gross Margin %	0.52%	0.52%
Gross Profit Growth %	-	-0.01%
Operating Expenses+	607.9M	653.7M
OpEx % of Revenue	0.28%	0.3%
Selling, General & Admin	446.4M	553.3M
SG&A % of Revenue	0.21%	0.26%
Research & Development	161.5M	163.5M
R&D % of Revenue	0.07%	0.08%
Other Operating Expenses	0	-63.1M
Operating Income+	511.8M	458.4M
Operating Margin %	0.24%	0.21%
Operating Income Growth %	-	-0.1%
EBITDA+	542.5M	571.4M
EBITDA Margin %	0.25%	0.27%
EBITDA Growth %	-	0.05%
D&A (Non-Cash Add-back)	30.7M	113M
EBIT	511.8M	395.3M
Net Interest Income+	0	-66.3M
Interest Income	0	0
Interest Expense	0	66.3M
Other Income/Expense	-2M	-93.3M
Pretax Income+	509.8M	365.1M
Pretax Margin %	0.24%	0.17%
Income Tax+	93M	62.1M
Effective Tax Rate %	0.82%	0.83%
Net Income+	416.8M	303M
Net Margin %	0.19%	0.14%
Net Income Growth %	-	-0.27%
Net Income (Continuing)	416.8M	303M
Discontinued Operations	0	0
Minority Interest	0	0
EPS (Diluted)+	3.70	2.68
EPS Growth %	-	-0.28%
EPS (Basic)	3.70	2.68
Diluted Shares Outstanding	112.7M	112.99M
Basic Shares Outstanding	112.7M	112.99M
Dividend Payout Ratio	-	-

Balance Sheet

	Dec 2023	Dec 2024
Total Current Assets+	612.4M	618.6M
Cash & Short-Term Investments	0	0
Cash Only	0	0
Short-Term Investments	0	0
Accounts Receivable	296M	293.8M
Days Sales Outstanding	50.12	49.77
Inventory	273.3M	282.9M
Days Inventory Outstanding	96.29	99.04
Other Current Assets	43.1M	41.9M
Total Non-Current Assets+	2.45B	4.1B
Property, Plant & Equipment	207.2M	200.2M
Fixed Asset Turnover	10.40x	10.76x
Goodwill	1.86B	2.94B
Intangible Assets	251.8M	809.6M
Long-Term Investments	0	0
Other Non-Current Assets	133M	151M
Total Assets+	3.06B	4.72B
Asset Turnover	0.70x	0.46x
Asset Growth %	-	0.54%
Total Current Liabilities+	554.8M	533.7M
Accounts Payable	233.2M	254.6M
Days Payables Outstanding	82.16	89.13
Short-Term Debt	0	0
Deferred Revenue (Current)	1000K	1000K
Other Current Liabilities	145.4M	118.6M
Current Ratio	1.10x	1.16x
Quick Ratio	0.61x	0.63x
Cash Conversion Cycle	64.25	59.68
Total Non-Current Liabilities+	245.4M	422.9M
Long-Term Debt	0	0
Capital Lease Obligations	36.3M	59.7M
Deferred Tax Liabilities	0	0
Other Non-Current Liabilities	184.5M	327.4M
Total Liabilities	800.2M	956.6M
Total Debt+	47.1M	71.7M
Net Debt	47.1M	71.7M
Debt / Equity	0.02x	0.02x
Debt / EBITDA	0.09x	0.13x
Net Debt / EBITDA	0.09x	0.13x
Interest Coverage	-	6.91x
Total Equity+	2.26B	3.76B
Equity Growth %	-	0.66%
Book Value per Share	20.06	33.30
Total Shareholders' Equity	2.26B	3.76B
Common Stock	0	0
Retained Earnings	0	4.25B
Treasury Stock	0	0
Accumulated OCI	-353.2M	-491.3M
Minority Interest	0	0

Cash Flow

	Dec 2023	Dec 2024
Cash from Operations+	461.8M	454.5M
Operating CF Margin %	0.21%	0.21%
Operating CF Growth %	-	-0.02%
Net Income	416.8M	354.6M
Depreciation & Amortization	30.7M	113M
Stock-Based Compensation	25M	24.5M
Deferred Taxes	0	0
Other Non-Cash Items	0	-37.5M
Working Capital Changes	-10.7M	-100K
Change in Receivables	9.3M	8.7M
Change in Inventory	-10.3M	16.7M
Change in Payables	-18.1M	22.8M
Cash from Investing+	-22.4M	-1.71B
Capital Expenditures	-29.2M	-34.3M
CapEx % of Revenue	0.01%	0.02%
Acquisitions	-	-
Investments	-	-
Other Investing	6.8M	60.2M
Cash from Financing+	-431.7M	1.26B
Debt Issued (Net)	-	-
Equity Issued (Net)	-	-
Dividends Paid	0	0
Share Repurchases	-	-
Other Financing	-431.7M	1.26B
Net Change in Cash	-	-
Free Cash Flow+	432.6M	420.2M
FCF Margin %	0.2%	0.2%
FCF Growth %	-	-0.03%
FCF per Share	3.84	3.72
FCF Conversion (FCF/Net Income)	1.11x	1.50x
Interest Paid	0	0
Taxes Paid	0	0

Key Ratios

Metric	2023	2024
Return on Equity (ROE)	18.44%	10.06%
Return on Invested Capital (ROIC)	16.63%	11.19%
Gross Margin	51.94%	51.61%
Net Margin	19.33%	14.06%
Debt / Equity	0.02x	0.02x
Interest Coverage	-	6.91x
FCF Conversion	1.11x	1.50x
Revenue Growth	-	-0.05%

Frequently Asked Questions

Valuation & Price

Ralliant Corp. (RAL) has a price-to-earnings (P/E) ratio of 19.5x. This is roughly in line with market averages.

Growth & Financials

Ralliant Corp. (RAL) reported $2.15B in revenue for fiscal year 2024. This represents a 0% decrease from $2.16B in 2023.

Ralliant Corp. (RAL) saw revenue decline by 0.0% over the past year.

Yes, Ralliant Corp. (RAL) is profitable, generating $303.0M in net income for fiscal year 2024 (14.1% net margin).

Dividend & Returns

Ralliant Corp. (RAL) has a return on equity (ROE) of 10.1%. This is reasonable for most industries.

Ralliant Corp. (RAL) generated $420.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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