RBC Bearings vs SPX Technologies
Add, change or remove companies; up to four.
KIRA’s take AI analyst
I put RBC Bearings and SPX Technologies side by side, using each one’s latest annual report. Here is what stands out:
- SPX Technologies is the larger business, with $2.3B of revenue in fiscal 2025 against $1.9B for RBC Bearings.
- RBC Bearings kept more of each dollar of sales as operating profit (22.5% operating margin, against 15.5%).
- RBC Bearings turned more of its sales into free cash flow (18.3% FCF margin, against 10.7%).
- SPX Technologies earned a higher return on the capital invested in it (13.0%, against 8.0%).
- Investors pay more for each dollar of RBC Bearings’s earnings: a P/E of 47.2x against 29.0x for SPX Technologies.
Who comes out ahead
Of the 11 measures where higher (or lower) is clearly better, how many each company leads.
RBC Bearings
RBC
6/11
Revenue growth5-year growthGross marginOperating marginNet marginFCF margin
SPX Technologies
SPXC
5/11
Return on capitalReturn on equityPiotroski F-scoreNet debt / EBITDAShare count change
Side by side
Best in the row
| Latest fiscal year | RBC FY26 | SPXC FY25 |
|---|---|---|
| Size | ||
| Market cap | $15.1B | $8.2B |
| Revenue | $1.9B | $2.3B |
| Free cash flow | $343M | $241M |
| Net income | $288M | $244M |
| Growth | ||
| Revenue growth | 14.3% | 14.2% |
| 5-year growth | 25.2% | 15.0% |
| Share count change | 4.2% | 3.0% |
| Profitability | ||
| Gross margin | 44.4% | 40.5% |
| Operating margin | 22.5% | 15.5% |
| Net margin | 15.4% | 10.8% |
| FCF margin | 18.3% | 10.7% |
| Return on capital | 8.0% | 13.0% |
| Return on equity | 9.0% | 13.5% |
| Balance sheet | ||
| Net debt | $864M | $138M |
| Net debt / EBITDA | 1.6x | 0.3x |
| Dividends and buybacks | $0.0M | $0.0M |
| Valuation & quality | ||
| P/E | 47.2x | 29.0x |
| Piotroski F-score | 6 | 8 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
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.