RF Industries, Ltd. (RFIL) 10-Year Financial Performance & Capital Metrics

RFIL • • Industrial / General

IndustrialsElectrical EquipmentElectrical Infrastructure ProductsElectrical Enclosures & Protection

AboutRF Industries, Ltd., together with its subsidiaries, designs, manufactures, and markets interconnect products and systems in the United States, Canada, Mexico, and internationally. The company operates through two segments, RF Connector and Cable Assembly and Custom Cabling Manufacturing and Assembly. The company's RF Connector and Cable Assembly segment designs, manufactures, and distributes various coaxial connectors and cable assemblies that are integrated with coaxial connectors. The Custom Cabling Manufacturing and Assembly segment designs, manufactures, markets, and distributes custom copper and fiber cable assemblies, complex hybrid fiber optic and power solution cables, energy-efficient cooling systems for wireless base stations and remote equipment shelters, and custom designed pole-ready 5G small cell integrated enclosures. It also manufactures and sells custom and standard cable assemblies, hybrid fiber optic power solution cables, adapters, and electromechanical wiring harnesses for communication, computer, LAN, automotive, and medical equipment. In addition, the company designs and manufactures cable assemblies and wiring harnesses for blue chip industrial, oilfield, instrumentation, and military customers. It also designs and manufactures quality connectivity solutions to telecommunications and data communications distributors. The company sells its products through warehousing distributors and in-house marketing and sales team. It serves telecommunications carriers and equipment manufacturers, wireless and network infrastructure carriers, and original equipment manufacturers. The company was formerly known as Celltronics, Inc. and changed its name to RF Industries, Ltd. in November 1990. RF Industries, Ltd. was incorporated in 1979 and is headquartered in San Diego, California.Show more

Revenue $81M +24.3%
EBITDA $5M +6165.5%
Net Income $75K +101.1%
EPS (Diluted) 0.01 +101.6%
Gross Margin 30.78% +24.1%
EBITDA Margin 6.55% +4983.1%
Operating Margin 3.49% +186.3%
Net Margin 0.09% +100.9%
ROE 0.22% +101.2%
ROIC 3.56% +218.9%
Debt/Equity 0.76 -10.4%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 8/9
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 13.4%
✓Efficient asset utilization: 1.0x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y9.4%

5Y13.36%

3Y-1.86%

TTM22.6%

Profit (Net Income) CAGR

10Y-22.77%

5Y-

3Y-62.72%

TTM95.34%

EPS CAGR

10Y-21.32%

5Y-

3Y-58.51%

TTM187.02%

ROCE

10Y Avg5.51%

5Y Avg2.96%

3Y Avg-0.94%

Latest5.16%

Peer Comparison

Electrical Enclosures & Protection

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
RFILRF Industries, Ltd.	94.71M	8.84	884	24.25%	-0.44%	-0.97%	4.59%	0.76
NVTnVent Electric plc	17.42B	107.98	54.81	12.63%	16.83%	16.59%	3.27%	0.70
KEKimball Electronics, Inc.	763.74M	31.38	46.15	-13.29%	1.62%	4.14%	19.67%	0.26
HUBBHubbell Incorporated	25.73B	484.11	33.69	4.76%	15.24%	23.39%	3.15%	0.52
CCTGCCSC Technology International Holdings Limited Ordinary Shares	3.96M	0.12	-0.97	19.55%	-11.73%	-25.59%		0.12
SKYXSKYX Platforms Corp.	276.64M	2.39	-6.64	46.76%	-39.12%	-30.58%		4.35
ATKRAtkore Inc.	2.39B	70.84	-157.42	-10.98%	-0.53%	-1.09%	12.37%	0.66

Profit & Loss

	Oct 2016	Oct 2017	Oct 2018	Oct 2019	Oct 2020	Oct 2021	Oct 2022	Oct 2023	Oct 2024	Oct 2025
Sales/Revenue+	30.24M	30.96M	50.2M	55.33M	43.04M	57.42M	85.25M	72.17M	64.86M	80.59M
Revenue Growth %	-0.08%	0.02%	0.62%	0.1%	-0.22%	0.33%	0.48%	-0.15%	-0.1%	0.24%
Cost of Goods Sold+	22.52M	16.82M	34.58M	41.16M	33.47M	41.13M	63.62M	55.78M	48.77M	55.78M
COGS % of Revenue	0.74%	0.54%	0.69%	0.74%	0.78%	0.72%	0.75%	0.77%	0.75%	0.69%
Gross Profit+	7.72M	6.16M	15.62M	14.17M	9.58M	16.29M	21.64M	16.39M	16.09M	24.8M
Gross Margin %	0.26%	0.2%	0.31%	0.26%	0.22%	0.28%	0.25%	0.23%	0.25%	0.31%
Gross Profit Growth %	-0.2%	-0.2%	1.53%	-0.09%	-0.32%	0.7%	0.33%	-0.24%	-0.02%	0.54%
Operating Expenses+	8.74M	5.96M	8.17M	9.61M	9.94M	11.87M	18.15M	19.26M	18.71M	21.99M
OpEx % of Revenue	0.29%	0.19%	0.16%	0.17%	0.23%	0.21%	0.21%	0.27%	0.29%	0.27%
Selling, General & Admin	8.74M	5.96M	8.17M	9.61M	9.94M	11.87M	18.15M	19.26M	18.71M	19M
SG&A % of Revenue	0.29%	0.19%	0.16%	0.17%	0.23%	0.21%	0.21%	0.27%	0.29%	0.24%
Research & Development	0	0	0	0	0	0	0	0	0	2.98M
R&D % of Revenue	-	-	-	-	-	-	-	-	-	0.04%
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	-1.03M	203K	7.45M	4.56M	-360K	4.42M	3.49M	-2.87M	-2.62M	2.81M
Operating Margin %	-0.03%	0.01%	0.15%	0.08%	-0.01%	0.08%	0.04%	-0.04%	-0.04%	0.03%
Operating Income Growth %	-3.13%	1.2%	35.68%	-0.39%	-1.08%	13.26%	-0.21%	-1.82%	0.09%	2.07%
EBITDA+	10K	709K	7.96M	5.12M	654K	5.18M	5.18M	-438K	-87K	5.28M
EBITDA Margin %	0%	0.02%	0.16%	0.09%	0.02%	0.09%	0.06%	-0.01%	-0%	0.07%
EBITDA Growth %	-0.99%	69.9%	10.23%	-0.36%	-0.87%	6.93%	-0%	-1.08%	0.8%	61.66%
D&A (Non-Cash Add-back)	1.04M	506K	513K	563K	1.01M	770K	1.69M	2.43M	2.54M	2.46M
EBIT	-4.68M	232K	7.49M	4.56M	-448K	7.22M	1.59M	-4.25M	-3.8M	813K
Net Interest Income+	0	0	0	0	0	0	-201K	0	0	0
Interest Income	0	0	0	0	0	0	400K	0	0	0
Interest Expense	5.74M	0	133K	0	0	0	601K	0	0	0
Other Income/Expense	-3.66M	29K	47K	-2K	-88K	2.8M	-1.9M	-1.38M	-1.18M	-2M
Pretax Income+	-4.68M	400K	7.49M	4.56M	-448K	7.22M	1.59M	-4.25M	-3.8M	813K
Pretax Margin %	-0.15%	0.01%	0.15%	0.08%	-0.01%	0.13%	0.02%	-0.06%	-0.06%	0.01%
Income Tax+	-652K	62K	1.47M	1.04M	-367K	1.04M	139K	-1.17M	2.8M	738K
Effective Tax Rate %	0.87%	0.95%	0.89%	0.77%	0.18%	0.86%	0.91%	0.72%	1.74%	0.09%
Net Income+	-4.09M	382K	6.64M	3.52M	-81K	6.18M	1.45M	-3.08M	-6.6M	75K
Net Margin %	-0.14%	0.01%	0.13%	0.06%	-0%	0.11%	0.02%	-0.04%	-0.1%	0%
Net Income Growth %	-5.11%	1.09%	16.39%	-0.47%	-1.02%	77.31%	-0.77%	-3.13%	-1.14%	1.01%
Net Income (Continuing)	-4.03M	170K	6.03M	3.52M	-81K	6.18M	1.45M	-3.08M	-6.6M	75K
Discontinued Operations	0	212K	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.47	0.04	0.61	0.36	-0.01	0.61	0.14	-0.30	-0.63	0.01
EPS Growth %	-5.27%	1.09%	14.25%	-0.41%	-1.02%	-	-0.77%	-3.14%	-1.1%	1.02%
EPS (Basic)	-0.47	0.04	0.61	0.38	-0.01	0.62	0.14	-0.30	-0.63	0.01
Diluted Shares Outstanding	8.79M	8.92M	9.59M	9.85M	9.68M	10.15M	10.24M	10.28M	10.48M	10.77M
Basic Shares Outstanding	8.76M	8.84M	9.57M	9.36M	9.68M	9.98M	10.12M	10.28M	10.48M	10.65M
Dividend Payout Ratio	-	1.85%	0.11%	0.21%	-	-	-	-	-	-

Balance Sheet

	Oct 2016	Oct 2017	Oct 2018	Oct 2019	Oct 2020	Oct 2021	Oct 2022	Oct 2023	Oct 2024	Oct 2025
Total Current Assets+	16.79M	16.79M	28.53M	33.66M	30.86M	40.65M	46.25M	36.04M	29.11M	34.97M
Cash & Short-Term Investments	5.26M	5.21M	16.33M	12.54M	15.8M	13.05M	4.53M	4.9M	839K	5.08M
Cash Only	5.26M	5.21M	16.33M	12.54M	15.8M	13.05M	4.53M	4.9M	839K	5.08M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	4.08M	2.9M	4.28M	12.19M	5.67M	13.52M	14.81M	10.28M	12.12M	14.87M
Days Sales Outstanding	49.21	34.22	31.09	80.42	48.07	85.96	63.41	51.98	68.2	67.36
Inventory	6.02M	6.11M	7.11M	8.24M	8.59M	11.18M	21.05M	18.73M	14.72M	13.73M
Days Inventory Outstanding	97.58	132.57	75.09	73.12	93.64	99.19	120.79	122.56	110.21	89.87
Other Current Assets	135K	2.74M	245K	339K	420K	2.14M	4.88M	541K	469K	510K
Total Non-Current Assets+	9.74M	9.15M	4.65M	4.04M	10.93M	9.96M	46.82M	51.19M	41.93M	42.13M
Property, Plant & Equipment	828K	565K	559K	839K	2.23M	2.16M	16.65M	20.61M	20.08M	18.08M
Fixed Asset Turnover	36.52x	54.80x	89.80x	65.94x	19.29x	26.57x	5.12x	3.50x	3.23x	4.46x
Goodwill	3.22M	3.22M	1.34M	1.34M	2.47M	2.47M	8.09M	8.09M	8.09M	8.09M
Intangible Assets	4.86M	2.3M	2.02M	1.75M	4.36M	3.91M	16.47M	14.77M	13.08M	11.44M
Long-Term Investments	104K	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	37K	4.06M	49K	112K	70K	70K	295K	277K	688K	477K
Total Assets+	26.54M	25.94M	33.18M	37.7M	41.8M	50.6M	93.07M	87.23M	71.05M	77.1M
Asset Turnover	1.14x	1.19x	1.51x	1.47x	1.03x	1.13x	0.92x	0.83x	0.91x	1.05x
Asset Growth %	-0.18%	-0.02%	0.28%	0.14%	0.11%	0.21%	0.84%	-0.06%	-0.19%	0.09%
Total Current Liabilities+	3.91M	3.6M	4.72M	6.08M	6.66M	9.37M	19.54M	12.51M	18.09M	20.9M
Accounts Payable	1.14M	1.04M	1.34M	2.41M	1.48M	3.5M	5.65M	3.2M	3.8M	3.11M
Days Payables Outstanding	18.44	22.48	14.17	21.34	16.09	31.09	32.43	20.95	28.43	20.34
Short-Term Debt	0	0	0	0	2.57M	832K	4.31M	4.74M	10.04M	9.89M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	232K
Other Current Liabilities	1.83M	1.78M	1.67M	2.06M	1.07M	2.43M	5.18M	2.11M	1.89M	3.45M
Current Ratio	4.30x	4.67x	6.05x	5.54x	4.63x	4.34x	2.37x	2.88x	1.61x	1.67x
Quick Ratio	2.76x	2.97x	4.54x	4.18x	3.34x	3.15x	1.29x	1.38x	0.80x	1.02x
Cash Conversion Cycle	128.35	144.31	92.01	132.21	125.63	154.06	151.78	153.59	149.99	136.89
Total Non-Current Liabilities+	1.24M	1M	676K	87K	3.07M	1.63M	31.66M	34.96M	18.89M	21M
Long-Term Debt	0	0	0	0	1.09M	0	13.14M	10.72M	0	0
Capital Lease Obligations	0	0	0	0	635K	675K	15.03M	19.28M	18.68M	16.7M
Deferred Tax Liabilities	1.11M	1M	676K	0	973K	956K	3.5M	4.96M	210K	4.3M
Other Non-Current Liabilities	128K	0	-676K	87K	370K	0	0	0	0	0
Total Liabilities	5.14M	4.6M	5.39M	6.17M	9.73M	11M	51.2M	47.47M	36.98M	41.9M
Total Debt+	0	0	0	0	4.3M	1.51M	32.47M	34.74M	28.73M	26.59M
Net Debt	-5.26M	-5.21M	-16.33M	-12.54M	-11.5M	-11.55M	27.94M	29.85M	27.89M	21.51M
Debt / Equity	-	-	-	-	0.13x	0.04x	0.78x	0.87x	0.84x	0.76x
Debt / EBITDA	-	-	-	-	6.57x	0.29x	6.27x	-	-	5.04x
Net Debt / EBITDA	-525.80x	-7.35x	-2.05x	-2.45x	-17.58x	-2.23x	5.40x	-	-	4.08x
Interest Coverage	-0.18x	-	55.99x	-	-	-	5.80x	-	-	-
Total Equity+	21.39M	21.34M	27.78M	31.53M	32.06M	39.6M	41.87M	39.76M	34.07M	35.2M
Equity Growth %	-0.19%	-0%	0.3%	0.13%	0.02%	0.24%	0.06%	-0.05%	-0.14%	0.03%
Book Value per Share	2.43	2.39	2.90	3.20	3.31	3.90	4.09	3.87	3.25	3.27
Total Shareholders' Equity	21.39M	21.34M	27.78M	31.53M	32.06M	39.6M	41.87M	39.76M	34.07M	35.2M
Common Stock	88K	89K	93K	95K	98K	101K	102K	104K	106K	107K
Retained Earnings	1.93M	1.6M	6.72M	9.49M	9.02M	15.2M	16.65M	13.57M	6.97M	7.05M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-3.17M	-3.46M	-3.47M	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Oct 2016	Oct 2017	Oct 2018	Oct 2019	Oct 2020	Oct 2021	Oct 2022	Oct 2023	Oct 2024	Oct 2025
Cash from Operations+	-1.27M	1.6M	6.21M	-2.71M	4.55M	-3.12M	2.89M	4.18M	3.17M	4.58M
Operating CF Margin %	-0.04%	0.05%	0.12%	-0.05%	0.11%	-0.05%	0.03%	0.06%	0.05%	0.06%
Operating CF Growth %	-8.54%	2.26%	2.89%	-1.44%	2.68%	-1.69%	1.93%	0.45%	-0.24%	0.45%
Net Income	-4.09M	382K	6.03M	3.52M	-81K	6.18M	1.45M	-3.08M	-6.6M	75K
Depreciation & Amortization	1.04M	877K	513K	563K	1.01M	770K	1.69M	2.43M	2.54M	2.46M
Stock-Based Compensation	206K	214K	211K	317K	556K	769K	689K	898K	924K	872K
Deferred Taxes	-307K	-290K	-79K	-43K	-790K	445K	-1.43M	-677K	2.7M	37K
Other Non-Cash Items	2.94M	5K	952K	21K	16K	-2.79M	0	99K	111K	157K
Working Capital Changes	-1.05M	409K	-1.41M	-7.09M	3.83M	-8.49M	492K	4.51M	3.49M	975K
Change in Receivables	-107K	165K	-1.36M	-6.64M	6.78M	-7.88M	1.5M	4.43M	-1.85M	-2.8M
Change in Inventory	417K	-87K	-1.57M	-657K	442K	-2.59M	-6.15M	2.32M	4M	990K
Change in Payables	-355K	218K	306K	106K	-1.04M	2.03M	1.06M	-2.45M	597K	-690K
Cash from Investing+	26K	-171K	3.7M	-996K	-4.14M	-227K	-27.12M	-2.48M	-738K	-223K
Capital Expenditures	-384K	-171K	-266K	-538K	-235K	-227K	-2.67M	-2.48M	-738K	-235K
CapEx % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0%	0.03%	0.03%	0.01%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	410K	831K	-237K	0	0	0	0	0	0	12K
Cash from Financing+	-1.1M	-645K	383K	-88K	2.85M	605K	15.7M	-1.34M	-6.49M	-116K
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-1.14M	-707K	-730K	-748K	-388K	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	203K	60K	1.11M	660K	445K	605K	118K	87K	-520K	-116K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-1.65M	1.43M	5.95M	-3.25M	4.31M	-3.35M	217K	1.7M	2.43M	4.34M
FCF Margin %	-0.05%	0.05%	0.12%	-0.06%	0.1%	-0.06%	0%	0.02%	0.04%	0.05%
FCF Growth %	-44.86%	1.86%	3.17%	-1.55%	2.33%	-1.78%	1.06%	6.84%	0.43%	0.79%
FCF per Share	-0.19	0.16	0.62	-0.33	0.45	-0.33	0.02	0.17	0.23	0.40
FCF Conversion (FCF/Net Income)	0.31x	4.18x	0.94x	-0.77x	-56.14x	-0.51x	2.00x	-1.36x	-0.48x	61.05x
Interest Paid	0	0	0	0	0	0	0	0	883K	0
Taxes Paid	208K	-349K	1.83M	739K	415K	949K	0	642K	64K	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-17.12%	1.79%	27.04%	11.87%	-0.25%	17.25%	3.55%	-7.54%	-17.88%	0.22%
Return on Invested Capital (ROIC)	-4.41%	0.94%	40.5%	22.46%	-1.37%	13.62%	5.35%	-3.09%	-2.99%	3.56%
Gross Margin	25.52%	19.9%	31.12%	25.61%	22.25%	28.37%	25.38%	22.71%	24.81%	30.78%
Net Margin	-13.52%	1.23%	13.23%	6.36%	-0.19%	10.76%	1.7%	-4.26%	-10.17%	0.09%
Debt / Equity	-	-	-	-	0.13x	0.04x	0.78x	0.87x	0.84x	0.76x
Interest Coverage	-0.18x	-	55.99x	-	-	-	5.80x	-	-	-
FCF Conversion	0.31x	4.18x	0.94x	-0.77x	-56.14x	-0.51x	2.00x	-1.36x	-0.48x	61.05x
Revenue Growth	-7.81%	2.39%	62.11%	10.22%	-22.2%	33.41%	48.46%	-15.35%	-10.13%	24.25%

Revenue by Segment

	2012	2013	2014	2015	2016	2017	2018	2019
Custom Cabling Manufacturing And Assembly	-	-	-	-	-	-	-	41.62M
Custom Cabling Manufacturing And Assembly Growth	-	-	-	-	-	-	-	-
Rf Connectors And Cable Assembly	-	-	-	-	-	-	-	13.7M
Rf Connectors And Cable Assembly Growth	-	-	-	-	-	-	-	-
Corporate	-	-	-	-	-	-	-	-
Corporate Growth	-	-	-	-	-	-	-	-
Custom Cabling Manufacturing and Assembly	-	-	-	19.2M	20.89M	19.51M	38.35M	-
Custom Cabling Manufacturing and Assembly Growth	-	-	-	-	8.81%	-6.61%	96.59%	-
Rf Connectors and Cable Assembly	-	14.25M	13.16M	11.71M	9.35M	11.46M	11.85M	-
Rf Connectors and Cable Assembly Growth	-	-	-7.70%	-10.99%	-20.14%	22.50%	3.40%	-
Corporate	-	-	-	-	-	-	-	-
Corporate Growth	-	-	-	-	-	-	-	-
Medical Cabling and Interconnector	-	3.04M	2.71M	1.9M	-	-	-	-
Medical Cabling and Interconnector Growth	-	-	-10.85%	-30.09%	-	-	-	-
Cables Unlimited	-	19.33M	7.25M	-	-	-	-	-
Cables Unlimited Growth	-	-	-62.51%	-	-	-	-	-
U S	28.62M	-	-	-	-	-	-	-
U S Growth	-	-	-	-	-	-	-	-
C	830.26K	-	-	-	-	-	-	-
C Growth	-	-	-	-	-	-	-	-
M X	396.95K	-	-	-	-	-	-	-
M X Growth	-	-	-	-	-	-	-	-
I L	256.97K	-	-	-	-	-	-	-
I L Growth	-	-	-	-	-	-	-	-
All Other	126.97K	-	-	-	-	-	-	-
All Other Growth	-	-	-	-	-	-	-	-

Revenue by Geography

	2012	2013	2014	2015	2016	2017	2018	2019
U	-	-	-	-	-	-	-	54.37M
U Growth	-	-	-	-	-	-	-	-
Foreign Countries Total	-	-	-	-	-	-	-	960K
Foreign Countries Total Growth	-	-	-	-	-	-	-	-
Canada Country	-	-	-	-	-	-	-	592K
Canada Country Growth	-	-	-	-	-	-	-	-
All Other	126.97K	-	-	-	-	-	-	259K
All Other Growth	-	-	-	-	-	-	-	-
M	-	-	-	-	-	-	-	109K
M Growth	-	-	-	-	-	-	-	-
U S	28.62M	-	-	-	-	-	-	-
U S Growth	-	-	-	-	-	-	-	-
C	830.26K	-	-	-	-	-	-	-
C Growth	-	-	-	-	-	-	-	-
M X	396.95K	-	-	-	-	-	-	-
M X Growth	-	-	-	-	-	-	-	-
I L	256.97K	-	-	-	-	-	-	-
I L Growth	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

RF Industries, Ltd. (RFIL) reported $76.4M in revenue for fiscal year 2025. This represents a 153% increase from $30.2M in 2012.

RF Industries, Ltd. (RFIL) grew revenue by 24.3% over the past year. This is strong growth.

RF Industries, Ltd. (RFIL) reported a net loss of $0.3M for fiscal year 2025.

Dividend & Returns

RF Industries, Ltd. (RFIL) has a return on equity (ROE) of 0.2%. This is below average, suggesting room for improvement.

RF Industries, Ltd. (RFIL) generated $1.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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