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Side-by-side financial comparison of RB GLOBAL INC. (RBA) and SELECT MEDICAL HOLDINGS CORP (SEM). Click either name above to swap in a different company.

SELECT MEDICAL HOLDINGS CORP is the larger business by last-quarter revenue ($1.4B vs $1.2B, roughly 1.2× RB GLOBAL INC.). RB GLOBAL INC. runs the higher net margin — 9.1% vs 1.4%, a 7.7% gap on every dollar of revenue. On growth, SELECT MEDICAL HOLDINGS CORP posted the faster year-over-year revenue change (6.4% vs 5.4%). RB GLOBAL INC. produced more free cash flow last quarter ($186.5M vs $5.2M). Over the past eight quarters, RB GLOBAL INC.'s revenue compounded faster (6.3% CAGR vs 2.8%).

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.

Select Medical is a healthcare company based in Pennsylvania. It owns long-term acute care and inpatient rehabilitation hospitals, as well as occupational health and physical therapy clinics. Select Medical is a subsidiary of Select Medical Holdings, which is listed on the New York Stock Exchange.

RBA vs SEM — Head-to-Head

Bigger by revenue
SEM
SEM
1.2× larger
SEM
$1.4B
$1.2B
RBA
Growing faster (revenue YoY)
SEM
SEM
+1.0% gap
SEM
6.4%
5.4%
RBA
Higher net margin
RBA
RBA
7.7% more per $
RBA
9.1%
1.4%
SEM
More free cash flow
RBA
RBA
$181.3M more FCF
RBA
$186.5M
$5.2M
SEM
Faster 2-yr revenue CAGR
RBA
RBA
Annualised
RBA
6.3%
2.8%
SEM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
RBA
RBA
SEM
SEM
Revenue
$1.2B
$1.4B
Net Profit
$109.7M
$20.2M
Gross Margin
Operating Margin
14.7%
4.6%
Net Margin
9.1%
1.4%
Revenue YoY
5.4%
6.4%
Net Profit YoY
-7.4%
225.7%
EPS (diluted)
$0.53
$0.17

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.

Revenue
RBA
RBA
SEM
SEM
Q4 25
$1.2B
$1.4B
Q3 25
$1.1B
$1.4B
Q2 25
$1.2B
$1.3B
Q1 25
$1.1B
$1.4B
Q4 24
$1.1B
$1.3B
Q3 24
$981.8M
$1.3B
Q2 24
$1.1B
$1.3B
Q1 24
$1.1B
$1.3B
Net Profit
RBA
RBA
SEM
SEM
Q4 25
$109.7M
$20.2M
Q3 25
$95.5M
$28.8M
Q2 25
$109.8M
$40.6M
Q1 25
$113.4M
$56.7M
Q4 24
$118.5M
$-16.1M
Q3 24
$76.1M
$55.6M
Q2 24
$111.1M
$77.6M
Q1 24
$107.4M
$96.9M
Operating Margin
RBA
RBA
SEM
SEM
Q4 25
14.7%
4.6%
Q3 25
14.5%
5.4%
Q2 25
15.9%
6.5%
Q1 25
17.1%
8.3%
Q4 24
18.1%
1.6%
Q3 24
15.6%
4.3%
Q2 24
18.4%
5.8%
Q1 24
18.7%
9.0%
Net Margin
RBA
RBA
SEM
SEM
Q4 25
9.1%
1.4%
Q3 25
8.7%
2.1%
Q2 25
9.3%
3.0%
Q1 25
10.2%
4.2%
Q4 24
10.4%
-1.2%
Q3 24
7.8%
4.4%
Q2 24
10.1%
6.1%
Q1 24
10.1%
7.3%
EPS (diluted)
RBA
RBA
SEM
SEM
Q4 25
$0.53
$0.17
Q3 25
$0.43
$0.23
Q2 25
$0.53
$0.32
Q1 25
$0.55
$0.44
Q4 24
$0.58
$-0.12
Q3 24
$0.36
$0.43
Q2 24
$0.54
$0.60
Q1 24
$0.53
$0.75

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
RBA
RBA
SEM
SEM
Cash + ST InvestmentsLiquidity on hand
$531.5M
$26.5M
Total DebtLower is stronger
$2.3B
$1.8B
Stockholders' EquityBook value
$5.6B
$1.7B
Total Assets
$12.1B
$5.9B
Debt / EquityLower = less leverage
0.42×
1.06×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RBA
RBA
SEM
SEM
Q4 25
$531.5M
$26.5M
Q3 25
$674.7M
$60.1M
Q2 25
$710.2M
$52.3M
Q1 25
$578.1M
$53.2M
Q4 24
$533.9M
$59.7M
Q3 24
$650.7M
$191.5M
Q2 24
$599.5M
$111.2M
Q1 24
$462.8M
$92.6M
Total Debt
RBA
RBA
SEM
SEM
Q4 25
$2.3B
$1.8B
Q3 25
$2.6B
$1.7B
Q2 25
$2.6B
$1.8B
Q1 25
$2.6B
$1.8B
Q4 24
$2.6B
$1.7B
Q3 24
$2.7B
$3.1B
Q2 24
$2.8B
$3.6B
Q1 24
$2.9B
$3.8B
Stockholders' Equity
RBA
RBA
SEM
SEM
Q4 25
$5.6B
$1.7B
Q3 25
$5.5B
$1.7B
Q2 25
$5.5B
$1.7B
Q1 25
$5.3B
$1.7B
Q4 24
$5.2B
$1.7B
Q3 24
$5.2B
$1.9B
Q2 24
$5.2B
$1.4B
Q1 24
$5.1B
$1.4B
Total Assets
RBA
RBA
SEM
SEM
Q4 25
$12.1B
$5.9B
Q3 25
$12.2B
$5.7B
Q2 25
$12.2B
$5.7B
Q1 25
$11.9B
$5.7B
Q4 24
$11.8B
$5.6B
Q3 24
$11.9B
$8.0B
Q2 24
$12.1B
$7.9B
Q1 24
$12.0B
$7.9B
Debt / Equity
RBA
RBA
SEM
SEM
Q4 25
0.42×
1.06×
Q3 25
0.47×
1.03×
Q2 25
0.47×
1.10×
Q1 25
0.50×
1.03×
Q4 24
0.50×
1.01×
Q3 24
0.52×
1.62×
Q2 24
0.55×
2.54×
Q1 24
0.58×
2.75×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
RBA
RBA
SEM
SEM
Operating Cash FlowLast quarter
$255.2M
$64.3M
Free Cash FlowOCF − Capex
$186.5M
$5.2M
FCF MarginFCF / Revenue
15.5%
0.4%
Capex IntensityCapex / Revenue
5.7%
4.2%
Cash ConversionOCF / Net Profit
2.33×
3.19×
TTM Free Cash FlowTrailing 4 quarters
$719.2M
$117.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RBA
RBA
SEM
SEM
Q4 25
$255.2M
$64.3M
Q3 25
$239.7M
$175.3M
Q2 25
$326.5M
$110.3M
Q1 25
$156.8M
$-3.5M
Q4 24
$184.5M
$125.4M
Q3 24
$285.4M
$181.0M
Q2 24
$337.3M
$278.2M
Q1 24
$124.8M
$-66.7M
Free Cash Flow
RBA
RBA
SEM
SEM
Q4 25
$186.5M
$5.2M
Q3 25
$188.5M
$122.2M
Q2 25
$241.7M
$45.6M
Q1 25
$102.5M
$-55.8M
Q4 24
$127.9M
$62.0M
Q3 24
$248.5M
$130.3M
Q2 24
$308.6M
$222.6M
Q1 24
$79.6M
$-119.2M
FCF Margin
RBA
RBA
SEM
SEM
Q4 25
15.5%
0.4%
Q3 25
17.3%
9.0%
Q2 25
20.4%
3.4%
Q1 25
9.2%
-4.1%
Q4 24
11.2%
4.7%
Q3 24
25.3%
10.2%
Q2 24
28.2%
17.4%
Q1 24
7.5%
-9.0%
Capex Intensity
RBA
RBA
SEM
SEM
Q4 25
5.7%
4.2%
Q3 25
4.7%
3.9%
Q2 25
7.2%
4.8%
Q1 25
4.9%
3.9%
Q4 24
5.0%
4.8%
Q3 24
3.8%
4.0%
Q2 24
2.6%
4.3%
Q1 24
4.2%
4.0%
Cash Conversion
RBA
RBA
SEM
SEM
Q4 25
2.33×
3.19×
Q3 25
2.51×
6.09×
Q2 25
2.97×
2.72×
Q1 25
1.38×
-0.06×
Q4 24
1.56×
Q3 24
3.75×
3.25×
Q2 24
3.04×
3.59×
Q1 24
1.16×
-0.69×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

RBA
RBA

Buyer Revenue$577.2M48%
Seller Revenue$255.2M21%
CA$199.0M17%
Other$124.7M10%
AU$47.3M4%

SEM
SEM

Critical Illness Recovery Hospitals$629.7M45%
Health Care Patient Service Non Medicare$428.6M31%
Rehabilitation Hospitals$339.2M24%

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