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ValueScreener company report

Ralliant Corp. (RAL)

NYSE / Industrials / Aerospace & Defense

Share price

68.73 USD Market dataClose of Oct 15, 2026

Market capitalisation

7.60B USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2025, filed Feb 26, 2026
Ratios computed
Oct 15, 2026
Filed years
3, FY2023 to FY2025
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on equity

-74.8% Computed

From the FY2025 filing

Read quality

Valuation

Price to book

4.74x Computed

FY2025 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

4.6% Computed

FY2025 accounts, priced at the latest close

Read cash generation

Revenue and net income, by fiscal year

FY2022 Revenue: 2.09B USDFY2022 Net income: 370.7M USDFY2023 Revenue: 2.16B USDFY2023 Net income: 416.8M USDFY2024 Revenue: 2.15B USDFY2024 Net income: 354.6M USDFY2025 Revenue: 2.07B USDFY2025 Net income: -1.22B USD
Revenue Net income4 fiscal years; a year whose statement names no SEC filing is market data, and the table in Filings says which.
Named tests met
0 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it good

Return on equity was -74.8% in FY2025, in the band labelled "Likely below the cost of equity" (below 8.0%), on lines anchored on Damodaran's cost-of-capital data, suggesting returns on shareholders' money below the usual cost of equity.

Today, against the Aerospace & Defense industry (73 companies), -74.8% sits at the 15th percentile; the middle half of that group runs from -27.3% to 11.0%.

Is it safe

Debt to equity was 0.75 in FY2025, in the band labelled "Within Graham's industrial limit" (0.50 to 1.00), on lines anchored on Graham's defensive-investor criteria.

Today, against the Aerospace & Defense industry (46 companies), 0.75 sits at the 62nd percentile; the middle half of that group runs from 0.12 to 1.05.

Year by year against peers
Whether Ralliant Corp.'s return on equity stayed above the median of the Aerospace & Defense industry, year by year. (FY2024 to FY2025, 2 fiscal years of Ralliant Corp. with a comparable figure)
The direction
Which way Ralliant Corp.'s gross margin has moved, and how steadily. (FY2022 to FY2025, 4 filed years of Ralliant Corp.)
What could explain it
What in Ralliant Corp.'s filed statements could explain the movements. (5 readings drawn from the statement lines Ralliant Corp. filed)
What to check next
What to check next on Ralliant Corp., and where in its filings. (4 questions for Ralliant Corp.)
In one paragraph
One paragraph on Ralliant Corp.'s returns, cash, balance sheet and price. (9 of sixteen figures read for Ralliant Corp.)

These are RAL’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research RALPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2025 annual report: 10-K, filed Feb 26, 2026, accession 0002041385-26-000023.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

Ralliant Corp: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax
Why n/a

The filed income tax is outside 0 to 100% of pre-tax income (a tax benefit on a profit, a charge on a loss, or a charge above the profit), which is a one-off in the tax line and not a rate operating profit was taxed at, so after-tax operating profit is not computed.

n/a ComputedFY2025 10-K, filed Feb 26, 2026, 0002041385-26-000023
Return on equity-74.8% ComputedFY2025 10-K, filed Feb 26, 2026, 0002041385-26-000023
Return on capital employed, pre-tax-44.4% ComputedFY2025 10-K, filed Feb 26, 2026, 0002041385-26-000023
Return on assets-32.0% ComputedFY2025 10-K, filed Feb 26, 2026, 0002041385-26-000023
Gross margin50.3% ComputedFY2025 10-K, filed Feb 26, 2026, 0002041385-26-000023
Operating margin-57.2% ComputedFY2025 10-K, filed Feb 26, 2026, 0002041385-26-000023
Net margin-59.1% ComputedFY2025 10-K, filed Feb 26, 2026, 0002041385-26-000023
RAL -59.1%
PL -80.2%AMTM 0.5%MRCY -3.0%SARO 4.6%HXL 5.8%
-80.2%5.8%
Net margin: RAL against the 5 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

Ralliant Corp: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity0.75 ComputedFY2025 10-K, filed Feb 26, 2026, 0002041385-26-000023
Current ratio0.84 ComputedFY2025 10-K, filed Feb 26, 2026, 0002041385-26-000023
Quick ratio0.58 ComputedFY2025 10-K, filed Feb 26, 2026, 0002041385-26-000023
Interest coverage
Why n/m

Operating income is zero or below, so there is no operating profit to cover the interest bill and coverage is not meaningful (n/m).

n/m ComputedFY2025 10-K, filed Feb 26, 2026, 0002041385-26-000023
Altman Z-score1.10 ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 26, 2026, 0002041385-26-000023
Net debt904.2M ComputedFY2025 10-K, filed Feb 26, 2026, 0002041385-26-000023
Total assets 3.82BTotal liabilities 2.19BShareholders' equity 1.63BOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What Ralliant Corp owned and owed at the end of fiscal 2025, from the balance sheet it filed (10-K, filed Feb 26, 2026, 0002041385-26-000023).

Ralliant Corp: balance sheet position
Total assets3.82B FiledFY2025 10-K, filed Feb 26, 2026
Total liabilities2.19B FiledFY2025 10-K, filed Feb 26, 2026
Shareholders' equity1.63B FiledFY2025 10-K, filed Feb 26, 2026
Cash318.8M FiledFY2025 10-K, filed Feb 26, 2026
Total debt1.22B FiledFY2025 10-K, filed Feb 26, 2026
Net debt904.2M
Current ratio0.84
Debt to equity0.75
  • Interest cover: FY2025: Operating income is zero or below, so there is no operating profit to cover the interest bill and coverage is not meaningful (n/m).

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

Ralliant Corp: what the market charges, each with its source
FigureValue, source and document
Price to earnings
Why n/m

Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.

n/m ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 26, 2026, 0002041385-26-000023
P/E on trailing twelve months35.10x ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book4.74x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 26, 2026, 0002041385-26-000023
Price to sales3.75x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 26, 2026, 0002041385-26-000023
Enterprise value to EBIT
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 26, 2026, 0002041385-26-000023
Enterprise value to EBITDA
Why n/m

EBITDA is zero or negative, so a multiple of it is not meaningful.

n/m ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 26, 2026, 0002041385-26-000023
Price to earnings over growth
Why n/m

Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.

n/m ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 26, 2026, 0002041385-26-000023
Diluted earnings per share-10.84 USD FiledFY2025 10-K, filed Feb 26, 2026, 0002041385-26-000023
Graham number
Why n/m

Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.

n/m ComputedFY2025 10-K, filed Feb 26, 2026, 0002041385-26-000023

We publish no fair value or price target of our own. Value RAL on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for Ralliant Corp today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

Ralliant Corp: valuation
Share price68.73 USD
Market capitalisation7.60B USD
Enterprise value to EBITDAn/m
Graham numbern/m
Diluted earnings per share, FY2025-10.84 USD

Price to earnings on trailing twelve months, a different basis from the fiscal-year P/E above, since Nov 6, 2025: low 17.86x, median 24.80x, high 37.38x, latest 35.10x. 233 trading days with a meaningful ratio. Each close over the trailing twelve months of earnings as known that day: a quarter counts from the day it was filed.

Companies like Ralliant Corp

  1. Planet Labs PBC (PL)Market cap 4.95B USD
  2. Amentum Holdings, Inc. (AMTM)Market cap 4.67B USD
  3. Mercury Systems, Inc. (MRCY)Market cap 4.65B USD
  4. StandardAero, Inc. (SARO)Market cap 6.95B USD
  5. Hexcel Corporation (HXL)Market cap 6.80B USD

Same industry (Aerospace & Defense) and size band (Mid, 2B to 10B), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

Ralliant Corp: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield4.6% ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 26, 2026, 0002041385-26-000023
Free cash flow358.4M USD ComputedFY2025 10-K, filed Feb 26, 2026, 0002041385-26-000023
Free cash flow margin17.3% ComputedFY2025 10-K, filed Feb 26, 2026, 0002041385-26-000023
Dividend yield0.3% ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 26, 2026, 0002041385-26-000023
Payout ratio
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedFY2025 10-K, filed Feb 26, 2026, 0002041385-26-000023
FY2022 Free cash flow: 360.9M USDFY2022 Net income: 370.7M USDFY2023 Free cash flow: 432.6M USDFY2023 Net income: 416.8M USDFY2024 Free cash flow: 420.2M USDFY2024 Net income: 354.6M USDFY2025 Free cash flow: 358.4M USDFY2025 Net income: -1.22B USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

Ralliant Corp.: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
n/mFY2025Oct 15, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
4.74xFY2025Oct 15, 2026
n/aFY2025Oct 15, 2026
n/a Operating profit is zero or negative, so there is no profit for a buyer's price to be a multiple of.
4.6%FY2025Oct 15, 2026
n/aFY2025Feb 26, 2026
n/a The filed income tax is outside 0 to 100% of pre-tax income (a tax benefit on a profit, a charge on a loss, or a charge above the profit), which is a one-off in the tax line and not a rate operating profit was taxed at, so after-tax operating profit is not computed.
0.3%FY2025Oct 15, 2026
0.75FY2025Feb 26, 2026
0.84FY2025Feb 26, 2026
3.75xFY2025Oct 15, 2026
n/mFY2025Oct 15, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
1.10FY2025Oct 15, 2026
-4.46FY2025Feb 26, 2026
3/9FY2025Feb 26, 2026

The figures are computed from the accounts for fiscal 2025, the newest full year on file. 3 filed fiscal years on record, FY2023 to FY2025, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

4 fiscal years, FY2022 to FY2025. 3 read from the annual reports Ralliant Corp filed with the SEC, each naming its filing; the rest from statements that name none, which are market data. Amounts in USD, as reported.

Ralliant Corp: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY20252.07B-1.18B-1.22B-10.84358.4M-57.2%-74.8%10-K, Feb 26, 20260002041385-26-000023
FY20242.15B459.6M354.6M3.15420.2M21.3%9.4%10-K, Feb 26, 20260002041385-26-000023
FY20232.16B511.8M416.8M3.70432.6M23.7%n/a10-K, Feb 26, 20260002041385-26-000023
FY20222.09B473.8M370.7M3.29360.9M22.7%n/aMarket data, supplied Oct 15, 2026accession n/a
  • Revenue, compound annual growth FY2022 to FY2025: -0.3%
  • Earnings: Earnings was not positive in both 2022 and 2025, so a compound rate across the window is not defined. Both figures are in the table.
  • Earnings per share: Earnings per share was not positive in both 2022 and 2025, so a compound rate across the window is not defined. Both figures are in the table.
  • Free cash flow, compound annual growth FY2022 to FY2025: -0.2%

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

Ralliant Corp: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-4.46 ComputedFY2025 10-K, filed Feb 26, 2026, 0002041385-26-000023
Piotroski F-score3/9 ComputedFY2025 10-K, filed Feb 26, 2026, 0002041385-26-000023
Named tests met0 of 30 Computed
Beta
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 0 met, 25 not met, 5 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
None of the named tests.
Does not
Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; High F-score, low P/B (Joseph Piotroski); Three forensic scores; Low PEG, low debt (Peter Lynch); High returns and growth; Gross margin, turnover (Robert Novy-Marx); EV/EBITDA and coverage; High yield, low payout; Dividends and buybacks; Low beta, profitable; Near the 52-week low; Z-score and coverage (Edward Altman); Two thirds of NCAV (Benjamin Graham); High returns, low debt; Owner earnings yield; High return on tangibles; Low P/S, rising earnings (James O'Shaughnessy); Book or below, low debt (Walter Schloss); Tangible book or below; Cash-flow yield and ROIC; Clean books, high ROIC; Cheapest quarter on P/B (David Dreman); Low P/E, growth, yield (John Neff)
Not measured
Earnings yield and ROIC (Joel Greenblatt); ROIC at or above WACC; P/E times P/B (Benjamin Graham); Cash-covered dividend; Cheapest quarter on P/E (David Dreman). A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(14)
  • P/E Ratio: Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.
  • EV/EBIT: We do not hold this figure for this company, so there is nothing to show.
  • Return on Invested Capital: The filed income tax is outside 0 to 100% of pre-tax income (a tax benefit on a profit, a charge on a loss, or a charge above the profit), which is a one-off in the tax line and not a rate operating profit was taxed at, so after-tax operating profit is not computed.
  • PEG Ratio: Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.
  • Eps Growth 5Y: We do not hold this figure for this company, so there is nothing to show.
  • Rev Growth 5Y: We do not hold this figure for this company, so there is nothing to show.
  • EV/EBITDA: EBITDA is zero or negative, so a multiple of it is not meaningful.
  • Interest Coverage: Operating income is zero or below, so there is no operating profit to cover the interest bill and coverage is not meaningful (n/m).
  • Payout Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Beta: We do not hold this figure for this company, so there is nothing to show.
  • ROIC-WACC Spread: We do not hold this figure for this company, so there is nothing to show.
  • Price To Graham: Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.
  • Dividend Streak: The stored figure is a zero that can stand for data we do not hold, so this test is not measured.
  • Price Tangible Book: We do not hold this figure for this company, so there is nothing to show.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by the founder: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • 14 figures could not be read on this company, among them P/E Ratio, EV/EBIT, Return on Invested Capital. Each blank in the table above names the rest, with its reason. 5 named tests come back incomplete because of them, which is neither met nor missed.
  • We hold 3 filed fiscal years rather than 10, so the run above is shorter than a full decade and is counted as what it is.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

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ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Margin Notes

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

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