Graco vs RBC Bearings
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The short version
- Graco is the larger business, with $2.2B of revenue in fiscal 2025 against $1.9B for RBC Bearings.
- RBC Bearings grew revenue faster (14.3%, against 5.8%).
- Graco kept more of each dollar of sales as operating profit (27.9% operating margin, against 22.5%).
- Graco turned more of its sales into free cash flow (28.5% FCF margin, against 18.3%).
- Graco earned a higher return on the capital invested in it (25.8%, against 8.0%).
- Investors pay more for each dollar of RBC Bearings’s earnings: a P/E of 46.6x against 21.6x for Graco.
| Latest fiscal year | GGG · FY25 | RBC · FY26 |
|---|---|---|
| Size | ||
| Market cap | $10.9B | $15.0B |
| Revenue | $2.2B | $1.9B |
| Free cash flow | $638M | $343M |
| Net income | $522M | $288M |
| Growth | ||
| Revenue growth | 5.8% | 14.3% |
| 5-year growth | 6.3% | 25.2% |
| Share count change | −1.9% | 4.2% |
| Profitability | ||
| Gross margin | 52.5% | 44.4% |
| Operating margin | 27.9% | 22.5% |
| Net margin | 23.3% | 15.4% |
| FCF margin | 28.5% | 18.3% |
| Return on capital | 25.8% | 8.0% |
| Return on equity | 19.9% | 9.0% |
| Balance sheet | ||
| Net debt | −$623M | $864M |
| Net debt / EBITDA | −0.9x | 1.6x |
| Dividends and buybacks | $607M | $0.0M |
| Valuation & quality | ||
| P/E | 21.6x | 46.6x |
| Piotroski F-score | 4 | 6 |
Revenue
FY17
GGG $1.5B
RBC $615M
FY18
GGG $1.7B
RBC $675M
FY19
GGG $1.6B
RBC $703M
FY20
GGG $1.7B
RBC $728M
FY21
GGG $2.0B
RBC $609M
FY22
GGG $2.1B
RBC $943M
FY23
GGG $2.2B
RBC $1.5B
FY24
GGG $2.1B
RBC $1.6B
FY25
GGG $2.2B
RBC $1.6B
FY26
GGG —
RBC $1.9B
GGG
RBC
Operating margin
FY17
GGG 25.7%
RBC 18.6%
FY18
GGG 26.4%
RBC 19.1%
FY19
GGG 25.8%
RBC 18.8%
FY20
GGG 23.7%
RBC 20.5%
FY21
GGG 26.7%
RBC 18.8%
FY22
GGG 26.7%
RBC 12.8%
FY23
GGG 29.5%
RBC 19.9%
FY24
GGG 27.0%
RBC 21.9%
FY25
GGG 27.9%
RBC 22.6%
FY26
GGG —
RBC 22.5%
GGG
RBC
Free cash flow
FY17
GGG $298M
RBC $80.4M
FY18
GGG $314M
RBC $102M
FY19
GGG $291M
RBC $67.2M
FY20
GGG $323M
RBC $118M
FY21
GGG $323M
RBC $141M
FY22
GGG $176M
RBC $151M
FY23
GGG $466M
RBC $179M
FY24
GGG $515M
RBC $242M
FY25
GGG $638M
RBC $244M
FY26
GGG —
RBC $343M
GGG
RBC
Return on capital
FY17
GGG 32.9%
RBC 8.2%
FY18
GGG 41.9%
RBC 9.9%
FY19
GGG 38.8%
RBC 11.4%
FY20
GGG 34.2%
RBC 12.1%
FY21
GGG 40.1%
RBC 8.9%
FY22
GGG 33.0%
RBC —
FY23
GGG 32.8%
RBC —
FY24
GGG 26.2%
RBC 7.0%
FY25
GGG 25.8%
RBC 7.4%
FY26
GGG —
RBC 8.0%
GGG
RBC
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.