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Side-by-side financial comparison of Qnity Electronics, Inc. (Q) and RB GLOBAL INC. (RBA). Click either name above to swap in a different company.
Qnity Electronics, Inc. is the larger business by last-quarter revenue ($1.3B vs $1.2B, roughly 1.1× RB GLOBAL INC.). Qnity Electronics, Inc. runs the higher net margin — 16.5% vs 9.1%, a 7.4% gap on every dollar of revenue. On growth, Qnity Electronics, Inc. posted the faster year-over-year revenue change (11.1% vs 5.4%). Qnity Electronics, Inc. produced more free cash flow last quarter ($568.0M vs $186.5M).
Ritchie Bros. Auctioneers (RBA), or simply Ritchie Bros., is a publicly traded company legally domiciled in Canada with headquarters in Westchester, Illinois. Its common shares are traded on the Toronto Stock Exchange and the New York Stock Exchange.
Q vs RBA — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $1.2B |
| Net Profit | $211.0M | $109.7M |
| Gross Margin | 45.1% | — |
| Operating Margin | 21.3% | 14.7% |
| Net Margin | 16.5% | 9.1% |
| Revenue YoY | 11.1% | 5.4% |
| Net Profit YoY | 6.0% | -7.4% |
| EPS (diluted) | $1.01 | $0.53 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $1.2B | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $1.1B | $981.8M | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.1B |
| Q4 25 | — | $109.7M | ||
| Q3 25 | $211.0M | $95.5M | ||
| Q2 25 | — | $109.8M | ||
| Q1 25 | — | $113.4M | ||
| Q4 24 | — | $118.5M | ||
| Q3 24 | $199.0M | $76.1M | ||
| Q2 24 | — | $111.1M | ||
| Q1 24 | — | $107.4M |
| Q4 25 | — | — | ||
| Q3 25 | 45.1% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 47.0% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 14.7% | ||
| Q3 25 | 21.3% | 14.5% | ||
| Q2 25 | — | 15.9% | ||
| Q1 25 | — | 17.1% | ||
| Q4 24 | — | 18.1% | ||
| Q3 24 | 21.8% | 15.6% | ||
| Q2 24 | — | 18.4% | ||
| Q1 24 | — | 18.7% |
| Q4 25 | — | 9.1% | ||
| Q3 25 | 16.5% | 8.7% | ||
| Q2 25 | — | 9.3% | ||
| Q1 25 | — | 10.2% | ||
| Q4 24 | — | 10.4% | ||
| Q3 24 | 17.3% | 7.8% | ||
| Q2 24 | — | 10.1% | ||
| Q1 24 | — | 10.1% |
| Q4 25 | — | $0.53 | ||
| Q3 25 | $1.01 | $0.43 | ||
| Q2 25 | — | $0.53 | ||
| Q1 25 | — | $0.55 | ||
| Q4 24 | — | $0.58 | ||
| Q3 24 | $0.95 | $0.36 | ||
| Q2 24 | — | $0.54 | ||
| Q1 24 | — | $0.53 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $128.0M | $531.5M |
| Total DebtLower is stronger | $1.7B | $2.3B |
| Stockholders' EquityBook value | $9.1B | $5.6B |
| Total Assets | $12.5B | $12.1B |
| Debt / EquityLower = less leverage | 0.19× | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $531.5M | ||
| Q3 25 | $128.0M | $674.7M | ||
| Q2 25 | — | $710.2M | ||
| Q1 25 | — | $578.1M | ||
| Q4 24 | — | $533.9M | ||
| Q3 24 | — | $650.7M | ||
| Q2 24 | — | $599.5M | ||
| Q1 24 | — | $462.8M |
| Q4 25 | — | $2.3B | ||
| Q3 25 | $1.7B | $2.6B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $2.9B |
| Q4 25 | — | $5.6B | ||
| Q3 25 | $9.1B | $5.5B | ||
| Q2 25 | — | $5.5B | ||
| Q1 25 | — | $5.3B | ||
| Q4 24 | — | $5.2B | ||
| Q3 24 | $11.1B | $5.2B | ||
| Q2 24 | — | $5.2B | ||
| Q1 24 | — | $5.1B |
| Q4 25 | — | $12.1B | ||
| Q3 25 | $12.5B | $12.2B | ||
| Q2 25 | — | $12.2B | ||
| Q1 25 | — | $11.9B | ||
| Q4 24 | — | $11.8B | ||
| Q3 24 | — | $11.9B | ||
| Q2 24 | — | $12.1B | ||
| Q1 24 | — | $12.0B |
| Q4 25 | — | 0.42× | ||
| Q3 25 | 0.19× | 0.47× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.52× | ||
| Q2 24 | — | 0.55× | ||
| Q1 24 | — | 0.58× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $782.0M | $255.2M |
| Free Cash FlowOCF − Capex | $568.0M | $186.5M |
| FCF MarginFCF / Revenue | 44.5% | 15.5% |
| Capex IntensityCapex / Revenue | 16.8% | 5.7% |
| Cash ConversionOCF / Net Profit | 3.71× | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | — | $719.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $255.2M | ||
| Q3 25 | $782.0M | $239.7M | ||
| Q2 25 | — | $326.5M | ||
| Q1 25 | — | $156.8M | ||
| Q4 24 | — | $184.5M | ||
| Q3 24 | — | $285.4M | ||
| Q2 24 | — | $337.3M | ||
| Q1 24 | — | $124.8M |
| Q4 25 | — | $186.5M | ||
| Q3 25 | $568.0M | $188.5M | ||
| Q2 25 | — | $241.7M | ||
| Q1 25 | — | $102.5M | ||
| Q4 24 | — | $127.9M | ||
| Q3 24 | — | $248.5M | ||
| Q2 24 | — | $308.6M | ||
| Q1 24 | — | $79.6M |
| Q4 25 | — | 15.5% | ||
| Q3 25 | 44.5% | 17.3% | ||
| Q2 25 | — | 20.4% | ||
| Q1 25 | — | 9.2% | ||
| Q4 24 | — | 11.2% | ||
| Q3 24 | — | 25.3% | ||
| Q2 24 | — | 28.2% | ||
| Q1 24 | — | 7.5% |
| Q4 25 | — | 5.7% | ||
| Q3 25 | 16.8% | 4.7% | ||
| Q2 25 | — | 7.2% | ||
| Q1 25 | — | 4.9% | ||
| Q4 24 | — | 5.0% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | — | 2.6% | ||
| Q1 24 | — | 4.2% |
| Q4 25 | — | 2.33× | ||
| Q3 25 | 3.71× | 2.51× | ||
| Q2 25 | — | 2.97× | ||
| Q1 25 | — | 1.38× | ||
| Q4 24 | — | 1.56× | ||
| Q3 24 | — | 3.75× | ||
| Q2 24 | — | 3.04× | ||
| Q1 24 | — | 1.16× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
Q
| Semiconductor Technologies | $693.0M | 54% |
| Interconnect Solutions | $583.0M | 46% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
