Tearsheet

RBC Bearings (RBC)


Market Price (12/27/2025): $456.14 | Market Cap: $14.4 Bil
Sector: Industrials | Industry: Industrial Machinery & Supplies & Components

RBC Bearings (RBC)


Market Price (12/27/2025): $456.14
Market Cap: $14.4 Bil
Sector: Industrials
Industry: Industrial Machinery & Supplies & Components

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 23%
Trading close to highs
Dist 52W High is -1.4%, Dist 3Y High is -1.4%
Expensive valuation multiples
P/SPrice/Sales ratio is 8.3x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 37x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 40x, P/EPrice/Earnings or Price/(Net Income) is 55x
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 18%
  Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.3%
2 Low stock price volatility
Vol 12M is 28%
  Key risks
RBC key risks include [1] significant exposure to the cyclical industrial market, Show more.
3 Megatrend and thematic drivers
Megatrends include Advanced Aviation & Space, Automation & Robotics, and Electric Vehicles & Autonomous Driving. Themes include Advanced Air Mobility, Show more.
  
0 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 23%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 18%
2 Low stock price volatility
Vol 12M is 28%
3 Megatrend and thematic drivers
Megatrends include Advanced Aviation & Space, Automation & Robotics, and Electric Vehicles & Autonomous Driving. Themes include Advanced Air Mobility, Show more.
4 Trading close to highs
Dist 52W High is -1.4%, Dist 3Y High is -1.4%
5 Expensive valuation multiples
P/SPrice/Sales ratio is 8.3x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 37x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 40x, P/EPrice/Earnings or Price/(Net Income) is 55x
6 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.3%
7 Key risks
RBC key risks include [1] significant exposure to the cyclical industrial market, Show more.

Valuation, Metrics & Events

RBC Stock


Why The Stock Moved


Qualitative Assessment

AI Analysis | Feedback

The 17% movement in RBC Bearings (RBC) stock during the approximate period from August 31, 2025, to December 27, 2025, can be attributed to several key factors:

<b>1. Strong Calendar Q3 2025 Earnings Beat</b><br><br>

RBC Bearings announced better-than-expected financial results for Calendar Q3 2025 on October 31, 2025. The company reported a 14.4% year-on-year increase in revenue, reaching $455.3 million, which surpassed analyst estimates. Additionally, its adjusted earnings per share (EPS) of $2.88 exceeded analyst expectations by 5.3%, and adjusted EBITDA also beat estimates.

<b>2. Positive Fiscal Q2 2026 Performance</b><br><br>

For the fiscal second quarter of 2026, also reported on October 31, 2025, RBC Bearings recorded a 3.2% rise in net sales to $397.9 million compared to the previous year. This performance was notably bolstered by a 12.5% growth in its Aerospace/Defense segment.

<b>3. Multiple Analyst Upgrades and Price Target Increases</b><br><br>

During the specified period, several analyst firms issued positive updates on RBC Bearings. On November 6, 2025, B of A Securities upgraded the stock from "Hold" to "Strong Buy" and raised its price target to $500. Additionally, on November 3, 2025, Truist Securities reiterated its "Strong Buy" rating and increased its price target to $471. Keybanc also maintained a "Buy" rating and raised its price target from $405 to $450 on August 4, 2025.

<b>4. Optimistic Outlook and Revenue Guidance</b><br><br>

Following its robust quarterly results, RBC Bearings provided an optimistic outlook and guidance for future performance. The company projected net sales for Calendar Q4 2025 to be approximately $458 million at the midpoint, which was largely consistent with analyst expectations. This forward-looking confidence likely contributed to sustained investor positivity.

<b>5. Sustained Strength in Aerospace/Defense Market</b><br><br>

Consistent strong performance and growth in the Aerospace/Defense sector were key themes in both the fiscal Q2 2026 and calendar Q3 2025 earnings reports. The significant growth rates in this segment indicated robust demand within a crucial market for RBC Bearings, reinforcing investor confidence in the company's long-term prospects.

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Stock Movement Drivers

Fundamental Drivers

The 18.6% change in RBC stock from 9/26/2025 to 12/26/2025 was primarily driven by a 16.4% change in the company's P/E Multiple.
926202512262025Change
Stock Price ($)384.82456.3318.58%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)1666.001723.403.45%
Net Income Margin (%)15.20%15.03%-1.12%
P/E Multiple47.6755.4716.37%
Shares Outstanding (Mil)31.3731.49-0.38%
Cumulative Contribution18.58%

LTM = Last Twelve Months as of date shown

Market Drivers

9/26/2025 to 12/26/2025
ReturnCorrelation
RBC18.6% 
Market (SPY)4.3%53.6%
Sector (XLI)3.0%62.6%

Fundamental Drivers

The 19.7% change in RBC stock from 6/27/2025 to 12/26/2025 was primarily driven by a 14.3% change in the company's P/E Multiple.
627202512262025Change
Stock Price ($)381.36456.3319.66%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)1636.301723.405.32%
Net Income Margin (%)15.05%15.03%-0.08%
P/E Multiple48.5255.4714.31%
Shares Outstanding (Mil)31.3331.49-0.54%
Cumulative Contribution19.66%

LTM = Last Twelve Months as of date shown

Market Drivers

6/27/2025 to 12/26/2025
ReturnCorrelation
RBC19.7% 
Market (SPY)12.6%43.5%
Sector (XLI)7.5%55.9%

Fundamental Drivers

The 50.1% change in RBC stock from 12/26/2024 to 12/26/2025 was primarily driven by a 40.2% change in the company's P/E Multiple.
1226202412262025Change
Stock Price ($)303.93456.3350.14%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)1591.801723.408.27%
Net Income Margin (%)14.06%15.03%6.93%
P/E Multiple39.5555.4740.23%
Shares Outstanding (Mil)29.1231.49-8.13%
Cumulative Contribution49.15%

LTM = Last Twelve Months as of date shown

Market Drivers

12/26/2024 to 12/26/2025
ReturnCorrelation
RBC50.1% 
Market (SPY)15.8%61.0%
Sector (XLI)18.3%66.4%

Fundamental Drivers

The 119.8% change in RBC stock from 12/27/2022 to 12/26/2025 was primarily driven by a 79.2% change in the company's Net Income Margin (%).
1227202212262025Change
Stock Price ($)207.59456.33119.82%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)1349.101723.4027.74%
Net Income Margin (%)8.39%15.03%79.15%
P/E Multiple52.7355.475.19%
Shares Outstanding (Mil)28.7631.49-9.51%
Cumulative Contribution117.83%

LTM = Last Twelve Months as of date shown

Market Drivers

12/27/2023 to 12/26/2025
ReturnCorrelation
RBC59.4% 
Market (SPY)48.0%55.8%
Sector (XLI)41.3%65.2%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
RBC Return15%19%4%36%5%53%209%
Peers Return16%38%-12%21%26%16%150%
S&P 500 Return16%27%-19%24%23%18%114%

Monthly Win Rates [3]
RBC Win Rate50%50%50%67%50%92% 
Peers Win Rate52%65%42%68%57%52% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
RBC Max Drawdown-48%-7%-23%-5%-15%-2% 
Peers Max Drawdown-34%-5%-26%-7%-9%-23% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)

How Low Can It Go

Unique KeyEventRBCS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-35.5%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven55.0%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven83 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-55.1%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven122.5%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven269 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-26.5%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven36.1%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven179 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-71.8%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven254.5%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven1,037 days1,480 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

RBC Bearings's stock fell -35.5% during the 2022 Inflation Shock from a high on 11/8/2021. A -35.5% loss requires a 55.0% gain to breakeven.

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About RBC Bearings (RBC)

RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in North America, Europe, Asia, and Latin America. It operates through four segments: Plain Bearings, Roller Bearings, Ball Bearings, and Engineered Products. The Plain Bearings segment produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings that are primarily used to rectify inevitable misalignments in various mechanical components, such as aircraft controls, helicopter rotors, or in heavy mining and construction equipment. The Roller Bearings segment offers heavy duty needle roller bearings, tapered roller bearings, track rollers, and aircraft roller bearings, which are anti-friction bearings that use rollers instead of balls. The Ball Bearings segment manufactures high precision aerospace, airframe control, thin section, and commercial ball bearings that utilize high precision ball elements to reduce friction in high speed applications. The Engineered Products segment offers engineered hydraulics and valves for aircraft and submarine applications, and aerospace and defense aftermarket services; fasteners; precision mechanical components, which are used in various general industrial applications; and machine tool collets that are used for holding circulars or rod-like pieces. The company serves the construction and mining, oil and natural resource extraction, heavy truck, marine, rail and train, packaging, semiconductor machinery, wind, canning, and general industrial markets through its direct sales force, as well as a network of industrial and aerospace distributors. RBC Bearings Incorporated was founded in 1919 and is headquartered in Oxford, Connecticut.

AI Analysis | Feedback

Here are a few analogies to describe RBC Bearings:

  • A specialized Honeywell or 3M, providing critical precision bearings for aerospace and industrial machinery.

  • Like Corning (of Gorilla Glass fame), but for mechanical motion: supplying engineered precision bearings vital for aircraft, defense, and heavy industry.

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  • Aerospace Bearings: Highly specialized bearings designed for critical applications in aircraft and aerospace systems, ensuring smooth operation and reliability.
  • Industrial Bearings: A wide range of precision bearings, including spherical, roller, and ball bearings, used across diverse industrial machinery and equipment.
  • Engineered Products: Custom-designed mechanical components and sub-systems, such as fluid management products, precision parts, and specialized fasteners, primarily for aerospace and defense applications.

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RBC Bearings Major Customers

RBC Bearings (symbol: RBC) sells primarily to other companies (B2B).

In its public filings, RBC Bearings does not disclose specific major customers by name, citing competitive reasons. The company also states that no single customer accounted for 10% or more of its net sales in recent fiscal years. Therefore, it's not possible to list specific individual companies as "major customers" based on public disclosures of revenue concentration.

However, RBC Bearings serves a broad range of customers across three primary market segments. Within these segments, the customers are typically Original Equipment Manufacturers (OEMs) and aftermarket distributors. The following categories represent the types of companies that procure products from RBC Bearings:

  • Industrial OEMs

    Customers in this segment are manufacturers of various industrial equipment and machinery across diverse sectors such as heavy equipment, semiconductor manufacturing equipment, packaging machinery, food processing equipment, robotics, medical devices, mining, and energy exploration equipment. Examples of prominent public companies operating in the sectors RBC serves include (these are illustrative examples of companies within the sector, not confirmed major clients of RBC):

  • Commercial Aerospace OEMs

    Customers are manufacturers of commercial aircraft, helicopters, and related systems. Examples of prominent public companies in this sector include:

  • Defense OEMs and Government Entities

    Customers include manufacturers of military aircraft, land defense vehicles, satellites, and other defense applications, as well as direct sales to government entities. Examples of prominent public companies in this sector include:

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Michael J. Hartnett Chairman, President and Chief Executive Officer

Dr. Michael J. Hartnett has been the President and Chief Executive Officer of RBC Bearings since 1992 and Chairman of the Board since 1993. Prior to these roles, he served as President and General Manager of RBC's Industrial Tectonics Bearings Corporation (ITB) subsidiary starting in 1990. He also spent 18 years at The Torrington Company, where his positions included Vice President and General Manager of the Aerospace Business Unit and Vice President of the Research and Development Division. Dr. Hartnett was a director of ATC Technology Corporation, a publicly-owned third-party logistics and automotive aftermarket service provider, until 2010, and a director of Process Fab Inc., a private company in precision manufacturing, until 2014. Under his leadership, RBC Bearings became a publicly traded company in 2005.

Robert M. Sullivan Vice President and Chief Financial Officer

Mr. Robert M. Sullivan has been the Vice President and Chief Financial Officer of RBC Bearings since September 2016. He initially joined RBC Bearings as Assistant Corporate Controller in March 2016 and was appointed Corporate Controller in February 2017. Before his tenure at RBC Bearings, Mr. Sullivan worked at Sikorsky Aircraft Corporation, focusing on business development, program finance, and financial planning and analysis. Prior to Sikorsky, he served as an Audit Manager at Ernst & Young LLP from 2007 to 2013.

Daniel A. Bergeron Director, Vice President and Chief Operating Officer

Mr. Daniel A. Bergeron joined RBC Bearings in 2003 as Vice President, Finance, and was appointed Chief Financial Officer later that same year. In 2017, he was additionally appointed Chief Operating Officer and transitioned from the Chief Financial Officer role in October 2020.

Richard J. Edwards Vice President and General Manager

Mr. Richard J. Edwards has been with RBC Bearings since 1990, starting as Manufacturing Manager. He advanced through roles such as Plant Manager and Director of Operations for the RBC Divisions before being named Vice President and General Manager for the RBC Divisions in 1996. Prior to joining RBC Bearings, he spent six years at The Torrington Company as Materials Manager and later Plant Superintendent.

John J. Feeney Vice President, General Counsel and Secretary

Mr. John J. Feeney serves as the Vice President, General Counsel and Secretary for RBC Bearings.

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AI Analysis | Feedback

The key risks to RBC Bearings' business include:

  1. Exposure to Cyclical Industries: RBC Bearings' financial performance is significantly influenced by the cyclical nature of the industrial, aerospace, and defense sectors it serves. Economic downturns, fluctuations in industrial machinery and equipment shipments, and changes in global aerospace build rates or defense spending can negatively impact demand for its products. For instance, approximately 67% of RBC's net sales in fiscal year 2024 were attributed to the industrial market. Reductions or changes in U.S. government spending, to which a portion of their sales are directly or indirectly tied, could also adversely affect the business.

  2. Operational Risks and Supply Chain Challenges: The company faces risks related to potential disruptions in its manufacturing processes and supply chain. Its reliance on specific raw materials and components exposes it to price volatility and availability issues, which could hinder its ability to meet customer demand and maintain profitability.

  3. Competitive Pressure: RBC Bearings operates in a highly competitive industry. It faces constant threats from technological advancements and price competition, necessitating continuous innovation and improvements in its cost structure to maintain market position and profitability.

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RBC Bearings Incorporated (RBC) is an international manufacturer and marketer of highly engineered precision bearings, components, and essential systems for the industrial, defense, and aerospace industries. Their main products include a wide range of bearings such as plain bearings, roller bearings, ball bearings, and other specialized engineered products.

The addressable markets for RBC Bearings' main products and services are substantial and span globally:

  • Global Bearings Market: The overall global bearing market was estimated at approximately USD 149.91 billion in 2024 and is projected to reach around USD 381.51 billion by 2034, growing at a compound annual growth rate (CAGR) of 9.79% from 2025 to 2034. The Asia-Pacific region accounted for USD 60.77 billion of this market in 2024 and is projected to hit around USD 154.66 billion by 2034. The North American bearing market size was estimated at USD 31.08 billion in 2024 and is expected to reach around USD 79.09 billion by 2034.
  • Global Industrial Bearings Market: The global industrial bearings market was valued at US$ 185.5 billion in 2024 and is estimated to grow to US$ 398.7 billion by the end of 2035, with a CAGR of 7.2% from 2025 to 2035. Another estimate places the global industrial bearings market size at USD 54.6 billion in 2025, forecast to reach USD 85.21 billion by 2030.
  • Global Aerospace Bearings Market: The global aerospace bearings market size was USD 13.01 billion in 2024 and is projected to reach USD 21.73 billion by 2032, exhibiting a CAGR of 6.62% from 2024 to 2032. North America held the largest share in the aerospace bearings market, at 38.92% in 2023.
  • Global Precision Bearings Market: The global precision bearing market is estimated to be valued at USD 52.1 billion in 2025 and is projected to reach USD 125.7 billion by 2035, registering a CAGR of 9.2% over the forecast period. The Asia-Pacific region is anticipated to dominate this market, supported by growing industrial and manufacturing activities.

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Here are 3-5 expected drivers of future revenue growth for RBC Bearings (RBC) over the next 2-3 years:

  1. Robust Demand in Aerospace and Defense (A&D) Segment: RBC Bearings is experiencing continued strong performance and robust demand within its Aerospace and Defense segment, encompassing both commercial aerospace and defense applications. This sector has shown significant year-over-year growth, with management noting impressive momentum. Specific drivers include strong customer demand from submarine aircraft and engine programs.
  2. Record Backlog and Future Order Visibility: The company has reported a substantial increase in its order backlog, with expectations to reach approximately $2 billion by year-end. This record backlog provides strong visibility for future revenue, driven by sustained customer demand, particularly in the aerospace and defense sectors.
  3. Manufacturing Capacity Expansion: To capitalize on strong demand and overcome current production capacity limitations, RBC Bearings is actively expanding manufacturing capacities in its marine and aircraft plants. This ongoing expansion, with additional capacity being added each quarter, is expected to directly impact and increase future revenue generation.
  4. Strategic Acquisitions and Synergies: Acquisitions, such as that of VACCO, are contributing to revenue growth and enhancing RBC Bearings' market position by expanding manufacturing capabilities in areas like marine and space. The ongoing integration of VACCO and the realization of synergies, including those from the Dodge acquisition in the industrial segment, are anticipated to continue driving future revenue.
  5. Growth in the Industrial Segment, Supported by Market Initiatives: While the A&D segment is a primary focus, the industrial business also continues to perform steadily and is positioned for potential acceleration in industrial end markets. Analysts anticipate continued growth momentum, partly attributed to broader spending initiatives such as the "One Big Beautiful Bill," which is expected to encourage activity across various industrial sectors where RBC Bearings operates.

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Share Repurchases

  • RBC Bearings approved a $100 million share repurchase program on May 23, 2019.
  • Under the program, as of September 27, 2025, the company had repurchased 240,006 shares for $48.3 million.
  • In fiscal year 2025 (ended March 2025), RBC Bearings repurchased shares for $9.5 million.

Share Issuance

  • In October 2021, RBC Bearings issued 3,450,000 shares of common stock and 4,600,000 shares of 5.00% Series A Mandatory Convertible Preferred Stock to help finance the Dodge acquisition.
  • The 4,600,000 shares of 5.00% Series A Mandatory Convertible Preferred Stock issued in fiscal 2022 converted into common stock.

Outbound Investments

  • RBC Bearings completed the acquisition of the DODGE mechanical power transmission division from ABB for approximately $2.9 billion in cash on November 1, 2021.
  • In July 2025, the company completed the acquisition of VACCO Industries from ESCO Technologies for $310 million in cash, integrating it into the Aerospace and Defense segment.
  • RBC Bearings acquired Specline for $18.7 million in August 2023, enhancing its aerospace product offerings and production capacity.

Capital Expenditures

  • Capital expenditures for fiscal year 2025 (ended March 29, 2025) were $49.8 million.
  • The company does not anticipate material capital expenditures for environmental compliance in fiscal year 2026.

Better Bets than RBC Bearings (RBC)

Trade Ideas

Select ideas related to RBC. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
CNM_11212025_Dip_Buyer_FCFYield11212025CNMCore & MainDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
18.3%18.3%-1.6%
VRRM_11212025_Dip_Buyer_FCFYield11212025VRRMVerra MobilityDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
5.5%5.5%-1.2%
LII_11212025_Dip_Buyer_ValueBuy11212025LIILennox InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
7.1%7.1%0.0%
ADP_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025ADPAutomatic Data ProcessingMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
2.9%2.9%-1.2%
CW_11212025_Quality_Momentum_RoomToRun_10%11212025CWCurtiss-WrightQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
5.7%5.7%-0.4%

Recent Active Movers

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Peer Comparisons for RBC Bearings

Peers to compare with:

Financials

RBCHPQHPEIBMCSCOAAPLMedian
NameRBC Bear.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Price456.3323.2624.49305.0978.16273.40175.78
Mkt Cap14.421.932.6284.9309.24,074.4158.8
Rev LTM1,72355,29534,29665,40257,696408,62556,496
Op Inc LTM3963,6241,64411,54412,991130,2147,584
FCF LTM3052,80062711,85412,73396,1847,327
FCF 3Y Avg2582,9781,40011,75313,879100,5037,366
CFO LTM3623,6972,91913,48313,744108,5658,590
CFO 3Y Avg3033,6723,89613,49814,736111,5598,697

Growth & Margins

RBCHPQHPEIBMCSCOAAPLMedian
NameRBC Bear.HP Hewlett .Internat.Cisco Sy.Apple  
Rev Chg LTM8.3%3.2%13.8%4.5%8.9%6.0%7.1%
Rev Chg 3Y Avg8.6%-3.9%6.5%2.6%3.7%1.8%3.2%
Rev Chg Q14.4%4.2%14.4%9.1%7.5%9.6%9.4%
QoQ Delta Rev Chg LTM3.4%1.1%3.7%2.1%1.8%2.1%2.1%
Op Mgn LTM22.9%6.6%4.8%17.7%22.5%31.9%20.1%
Op Mgn 3Y Avg23.6%7.4%7.2%16.4%24.2%30.8%20.0%
QoQ Delta Op Mgn LTM-0.9%-0.2%-1.4%0.6%0.4%0.1%-0.1%
CFO/Rev LTM21.0%6.7%8.5%20.6%23.8%26.6%20.8%
CFO/Rev 3Y Avg18.7%6.8%12.7%21.4%26.1%28.4%20.1%
FCF/Rev LTM17.7%5.1%1.8%18.1%22.1%23.5%17.9%
FCF/Rev 3Y Avg15.9%5.5%4.6%18.6%24.6%25.6%17.3%

Valuation

RBCHPQHPEIBMCSCOAAPLMedian
NameRBC Bear.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Cap14.421.932.6284.9309.24,074.4158.8
P/S8.30.41.04.45.410.04.9
P/EBIT37.26.819.925.122.531.323.8
P/E55.58.6572.736.029.941.038.5
P/CFO39.75.911.221.122.537.521.8
Total Yield1.8%14.1%2.3%5.0%5.4%2.8%3.9%
Dividend Yield0.0%2.5%2.1%2.2%2.1%0.4%2.1%
FCF Yield 3Y Avg2.9%10.6%5.5%6.4%6.0%3.1%5.7%
D/E0.10.50.70.20.10.00.2
Net D/E0.10.30.60.20.00.00.1

Returns

RBCHPQHPEIBMCSCOAAPLMedian
NameRBC Bear.HP Hewlett .Internat.Cisco Sy.Apple  
1M Rtn2.9%-1.8%14.4%0.6%2.7%-1.5%1.7%
3M Rtn18.6%-11.9%2.7%7.9%17.0%7.1%7.5%
6M Rtn19.7%-4.0%34.5%6.6%15.2%36.3%17.4%
12M Rtn50.1%-27.3%14.2%39.2%33.7%6.0%23.9%
3Y Rtn119.8%-3.8%67.7%139.0%79.5%113.4%96.5%
1M Excs Rtn0.6%-5.6%12.9%-2.2%-0.0%-3.7%-1.1%
3M Excs Rtn14.3%-16.2%-1.7%3.6%12.7%2.8%3.2%
6M Excs Rtn7.4%-16.3%22.3%-5.7%3.0%24.0%5.2%
12M Excs Rtn33.8%-42.9%-0.7%25.0%19.9%-8.4%9.6%
3Y Excs Rtn39.7%-83.5%-11.2%59.6%-1.2%28.4%13.6%

Financials

Segment Financials

Assets by Segment
$ Mil2025202420232022
Industrial3,7803,8463,921357
Aerospace/Defense799750777792
Corporate10095148285
Total4,6794,6904,8451,434


Price Behavior

Price Behavior
Market Price$456.33 
Market Cap ($ Bil)14.4 
First Trading Date12/01/1983 
Distance from 52W High-1.4% 
   50 Days200 Days
DMA Price$431.73$384.14
DMA Trendupup
Distance from DMA5.7%18.8%
 3M1YR
Volatility25.3%27.8%
Downside Capture81.3971.19
Upside Capture147.00101.21
Correlation (SPY)54.2%61.0%
RBC Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta1.011.061.110.890.860.97
Up Beta0.101.191.531.660.961.04
Down Beta1.171.330.970.510.780.85
Up Capture197%137%128%88%86%102%
Bmk +ve Days13263974142427
Stock +ve Days13253664123372
Down Capture80%61%88%70%81%99%
Bmk -ve Days7162452107323
Stock -ve Days7172761125378

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of RBC With Other Asset Classes (Last 1Y)
 RBCSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return49.0%19.3%17.8%72.1%8.6%4.4%-8.3%
Annualized Volatility27.6%18.8%19.4%19.3%15.2%17.0%35.0%
Sharpe Ratio1.430.800.722.700.340.09-0.08
Correlation With Other Assets 66.3%60.8%4.8%21.5%49.5%25.9%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
 Comparison of RBC With Other Asset Classes (Last 5Y)
 RBCSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return21.5%13.8%14.7%18.7%11.5%4.6%30.8%
Annualized Volatility31.6%17.2%17.1%15.5%18.7%18.9%48.7%
Sharpe Ratio0.670.650.700.970.500.160.57
Correlation With Other Assets 62.9%53.9%3.4%16.1%43.7%25.7%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of RBC With Other Asset Classes (Last 10Y)
 RBCSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return23.1%13.5%14.8%15.3%7.0%5.3%69.2%
Annualized Volatility37.5%19.9%18.0%14.7%17.6%20.8%55.8%
Sharpe Ratio0.670.600.710.860.320.220.90
Correlation With Other Assets 69.2%60.6%-0.8%24.5%52.4%18.3%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity253,643
Short Interest: % Change Since 113020257.2%
Average Daily Volume181,954
Days-to-Cover Short Interest1.39
Basic Shares Quantity31,493,205
Short % of Basic Shares0.8%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/31/20255.4%6.3%8.3%
8/1/20253.2%4.5%0.7%
5/16/20250.2%-2.0%0.5%
1/31/20258.3%13.5%10.5%
11/1/20241.8%13.3%19.6%
8/2/2024-4.0%-3.4%3.4%
5/17/20248.1%9.5%2.1%
2/8/2024-5.4%-0.6%-1.8%
...
SUMMARY STATS   
# Positive161818
# Negative866
Median Positive3.1%6.7%8.6%
Median Negative-4.1%-2.7%-7.1%
Max Positive13.0%25.1%42.2%
Max Negative-6.7%-9.0%-12.9%

SEC Filings

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Report DateFiling DateFiling
93020251031202510-Q 9/27/2025
6302025801202510-Q 6/28/2025
3312025516202510-K 3/29/2025
12312024131202510-Q 12/28/2024
93020241101202410-Q 9/28/2024
6302024802202410-Q 6/29/2024
3312024517202410-K 3/30/2024
12312023208202410-Q 12/30/2023
93020231109202310-Q 9/30/2023
6302023804202310-Q 7/1/2023
3312023519202310-K 4/1/2023
12312022209202310-Q 12/31/2022
93020221110202210-Q 10/1/2022
6302022805202210-Q 7/2/2022
3312022526202210-K 4/2/2022
12312021210202210-Q 1/1/2022