RB Global Inc. (RBA) - Net Assets
Based on the latest financial reports, RB Global Inc. (RBA) has net assets worth $6.08 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($12.14 Billion) and total liabilities ($6.06 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check RB Global Inc. asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $6.08 Billion |
| % of Total Assets | 50.06% |
| Annual Growth Rate | 21.54% |
| 5-Year Change | 465.48% |
| 10-Year Change | 775.45% |
| Growth Volatility | 79.16 |
RB Global Inc. - Net Assets Trend (1997–2025)
This chart illustrates how RB Global Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore RBA total assets for the complete picture of this company's asset base.
Annual Net Assets for RB Global Inc. (1997–2025)
The table below shows the annual net assets of RB Global Inc. from 1997 to 2025. For live valuation and market cap data, see RBA market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $6.06 Billion | +5.95% |
| 2024-12-31 | $5.72 Billion | +3.76% |
| 2023-12-31 | $5.51 Billion | +327.02% |
| 2022-12-31 | $1.29 Billion | +20.46% |
| 2021-12-31 | $1.07 Billion | +5.79% |
| 2020-12-31 | $1.01 Billion | +11.62% |
| 2019-12-31 | $906.99 Million | +8.53% |
| 2018-12-31 | $835.71 Million | +12.21% |
| 2017-12-31 | $744.75 Million | +7.65% |
| 2016-12-31 | $691.83 Million | -5.51% |
| 2015-12-31 | $732.14 Million | +3.23% |
| 2014-12-31 | $709.22 Million | +2.11% |
| 2013-12-31 | $694.55 Million | +5.79% |
| 2012-12-31 | $656.53 Million | +6.25% |
| 2011-12-31 | $617.91 Million | +6.56% |
| 2010-12-31 | $579.87 Million | +6.51% |
| 2009-12-31 | $544.41 Million | +17.04% |
| 2008-12-31 | $465.16 Million | +6.81% |
| 2007-12-31 | $435.50 Million | +18.14% |
| 2006-12-31 | $368.64 Million | +31.83% |
| 2005-12-31 | $279.62 Million | -3.33% |
| 2004-12-31 | $289.26 Million | +14.43% |
| 2003-12-31 | $252.78 Million | +26.79% |
| 2002-12-31 | $199.37 Million | +20.15% |
| 2001-12-31 | $165.93 Million | +11.54% |
| 2000-12-31 | $148.76 Million | +10.69% |
| 1999-12-31 | $134.40 Million | +28.98% |
| 1998-12-31 | $104.20 Million | +305.45% |
| 1997-12-31 | $25.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to RB Global Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 7266.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.25 Billion | 20.73% |
| Common Stock | $4.36 Billion | 72.11% |
| Other Comprehensive Income | $-48.21 Million | -0.80% |
| Other Components | $481.12 Million | 7.96% |
| Total Equity | $6.04 Billion | 100.00% |
RB Global Inc. Competitors by Market Cap
The table below lists competitors of RB Global Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rivian Automotive Inc
NASDAQ:RIVN
|
$18.58 Billion |
|
Koninklijke KPN NV
AS:KPN
|
$18.58 Billion |
|
Coca-Cola FEMSA S.A.B. de C.V
F:CFSL
|
$18.61 Billion |
|
Revolution Medicines Inc
NASDAQ:RVMD
|
$18.62 Billion |
|
LyondellBasell Industries NV
NYSE:LYB
|
$18.54 Billion |
|
Banco Bradesco S/A ADR
NYSE:BBDO
|
$18.54 Billion |
|
General Mills Inc
NYSE:GIS
|
$18.53 Billion |
|
MACOM Technology Solutions Holdings Inc
NASDAQ:MTSI
|
$18.53 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in RB Global Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,706,000,000 to 6,042,383,720, a change of 336,383,720 (5.9%).
- Net income of 435,899,370 contributed positively to equity growth.
- Dividend payments of 262,618,178 reduced retained earnings.
- Share repurchases of 50,500,000 reduced equity.
- Other comprehensive income increased equity by 76,587,899.
- Other factors increased equity by 137,014,629.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $435.90 Million | +7.21% |
| Dividends Paid | $262.62 Million | -4.35% |
| Share Repurchases | $50.50 Million | -0.84% |
| Other Comprehensive Income | $76.59 Million | +1.27% |
| Other Changes | $137.01 Million | +2.27% |
| Total Change | $- | 5.90% |
Book Value vs Market Value Analysis
This analysis compares RB Global Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.24x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 309.60x to 3.24x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | $0.34 | $104.88 | x |
| 1998-12-31 | $1.08 | $104.88 | x |
| 1999-12-31 | $1.32 | $104.88 | x |
| 2000-12-31 | $1.46 | $104.88 | x |
| 2001-12-31 | $1.64 | $104.88 | x |
| 2002-12-31 | $1.97 | $104.88 | x |
| 2003-12-31 | $2.49 | $104.88 | x |
| 2004-12-31 | $2.82 | $104.88 | x |
| 2005-12-31 | $2.68 | $104.88 | x |
| 2006-12-31 | $3.56 | $104.88 | x |
| 2007-12-31 | $4.09 | $104.88 | x |
| 2008-12-31 | $4.40 | $104.88 | x |
| 2009-12-31 | $5.15 | $104.88 | x |
| 2010-12-31 | $5.45 | $104.88 | x |
| 2011-12-31 | $5.78 | $104.88 | x |
| 2012-12-31 | $6.14 | $104.88 | x |
| 2013-12-31 | $6.48 | $104.88 | x |
| 2014-12-31 | $6.43 | $104.88 | x |
| 2015-12-31 | $6.55 | $104.88 | x |
| 2016-12-31 | $6.39 | $104.88 | x |
| 2017-12-31 | $6.84 | $104.88 | x |
| 2018-12-31 | $7.59 | $104.88 | x |
| 2019-12-31 | $8.22 | $104.88 | x |
| 2020-12-31 | $9.13 | $104.88 | x |
| 2021-12-31 | $9.61 | $104.88 | x |
| 2022-12-31 | $11.53 | $104.88 | x |
| 2023-12-31 | $32.69 | $104.88 | x |
| 2024-12-31 | $30.80 | $104.88 | x |
| 2025-12-31 | $32.33 | $104.88 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently RB Global Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.21%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.33%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 2.01x
- Recent ROE (7.21%) is below the historical average (14.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 9.34% | 4.00% | 0.85x | 2.74x | $-170.00K |
| 1998 | 23.80% | 26.13% | 0.62x | 1.46x | $14.38 Million |
| 1999 | 16.59% | 21.32% | 0.48x | 1.61x | $8.86 Million |
| 2000 | 11.57% | 16.21% | 0.40x | 1.80x | $2.33 Million |
| 2001 | 12.09% | 17.14% | 0.42x | 1.66x | $3.46 Million |
| 2002 | 14.23% | 21.24% | 0.41x | 1.65x | $8.43 Million |
| 2003 | 11.24% | 22.65% | 0.30x | 1.63x | $3.13 Million |
| 2004 | 10.05% | 19.15% | 0.34x | 1.53x | $158.60K |
| 2005 | 19.16% | 25.20% | 0.49x | 1.54x | $25.62 Million |
| 2006 | 13.32% | 22.19% | 0.40x | 1.50x | $12.25 Million |
| 2007 | 17.58% | 24.36% | 0.47x | 1.55x | $33.00 Million |
| 2008 | 21.80% | 28.58% | 0.51x | 1.48x | $54.88 Million |
| 2009 | 17.17% | 24.77% | 0.44x | 1.58x | $39.01 Million |
| 2010 | 11.36% | 18.38% | 0.41x | 1.51x | $7.86 Million |
| 2011 | 12.40% | 19.35% | 0.41x | 1.57x | $14.84 Million |
| 2012 | 12.12% | 18.16% | 0.39x | 1.72x | $13.90 Million |
| 2013 | 13.49% | 20.03% | 0.40x | 1.67x | $24.24 Million |
| 2014 | 13.15% | 18.91% | 0.43x | 1.62x | $21.79 Million |
| 2015 | 19.37% | 26.40% | 0.46x | 1.59x | $65.90 Million |
| 2016 | 13.37% | 8.15% | 0.70x | 2.33x | $23.13 Million |
| 2017 | 10.14% | 7.73% | 0.48x | 2.73x | $1.06 Million |
| 2018 | 14.62% | 10.38% | 0.57x | 2.47x | $38.41 Million |
| 2019 | 16.53% | 11.30% | 0.59x | 2.47x | $58.86 Million |
| 2020 | 16.89% | 12.35% | 0.59x | 2.33x | $69.37 Million |
| 2021 | 14.19% | 10.72% | 0.39x | 3.36x | $44.83 Million |
| 2022 | 24.80% | 18.45% | 0.61x | 2.22x | $190.83 Million |
| 2023 | 3.76% | 5.61% | 0.31x | 2.19x | $-343.37 Million |
| 2024 | 7.24% | 9.64% | 0.36x | 2.07x | $-157.50 Million |
| 2025 | 7.21% | 9.33% | 0.39x | 2.01x | $-168.34 Million |
Industry Comparison
This section compares RB Global Inc.'s net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $541,411,172
- Average return on equity (ROE) among peers: -0.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| RB Global Inc. (RBA) | $6.08 Billion | 9.34% | 1.00x | $18.57 Billion |
| ABM Industries Incorporated (ABM) | $61.90 Million | 11.47% | 1.78x | $2.47 Billion |
| Amentum Holdings Inc. (AMTM) | $415.22 Million | -75.55% | 14.44x | $6.26 Billion |
| Rich Sparkle Holdings Limited Ordinary Shares (ANPA) | $2.55 Million | 32.19% | 1.48x | $81.25 Million |
| Aramark Holdings (ARMK) | $3.72 Billion | 18.12% | 3.53x | $10.51 Billion |
| AZZ Incorporated (AZZ) | $375.91 Million | 15.85% | 1.54x | $4.12 Billion |
| Blacksky Technology Inc (BKSY) | $93.16 Million | -57.81% | 1.41x | $1.21 Billion |
| BUUU Group Limited Class A Ordinary Share (BUUU) | $1.34 Million | 62.16% | 0.93x | $210.15 Million |
| BrightView Holdings (BV) | $206.46 Million | -30.59% | 0.59x | $1.11 Billion |
| Cass Information Systems Inc (CASS) | $56.60 Million | 10.95% | 7.85x | $610.56 Million |
| CBIZ Inc (CBZ) | $480.02 Million | 8.35% | 1.33x | $1.52 Billion |
About RB Global Inc.
RB Global, Inc. operates a marketplace that provides insights, services, and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. The company's marketplace brands include Ritchie Bros., an auctioneer of commercial assets and vehicles; IAA, a digital marketplace that connects vehicle buyers and sellers; Rouse, which provides asset management, data-driven intell… Read more