Forensic Analysis · Industrials / Manufacturing / Defense · as of Sep 24, 2026
Rbc Bearings Inc (RBC)
A forensic read on Rbc Bearings Inc built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
B · Sound & dependable
Forensic grade
Safe
Financial health
11.9
Distress distance
Clean
Earnings quality
3
Forensic signals
49.5
P / E (ttm)
8.6%
ROE
$15.8B
Market cap
0.07%
Dividend yield
14.3%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Rbc Bearings Inc earns a B (Sound & dependable) forensic quality grade, and its balance-sheet distress test reads 11.9, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by share-count dilution.
What the filings flag
+4.1%/yr
FY2024–FY2026
Share-count dilution.Diluted share count changed +8% over the last 2 years to FY2026 (+4.1%/yr). The count is growing: more stock was issued than repurchased over this window, so aggregate results grew faster than their per-share equivalents. That's ~4.1% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2024 has been diluted ~8%.
1.8% of rev
FY2026
Stock-based comp load.Stock-based compensation ran 1.8% of revenue and 10% of free cash flow in FY2026 — about $1.09 per diluted share. No cash left the business to pay it, which is why operating cash flow adds it back. Net of repurchases the diluted count still rose about 4.1% a year and that rate is not falling, so total profit has to grow by that much annually before any of it reaches a share. Stock compensation is one source of that issuance; acquisition consideration, equity raises, convertibles and other employee plans also net into the count, and these figures do not separate them.
7.0%
FY2026
Return on invested capital.Return on invested capital is 7.0% in the latest fiscal year and steady across FY2024–FY2026, inside a 0.6-point range. The capital base behind it barely moved across FY2024–FY2026 ($4.3B to $4.7B, +9%), so there has been little new capital for that return to be earned on.
Key fundamentals
Latest Revenue$1.87B
Revenue Growth YoY+14.3%
Revenue CAGR (2yr)+9.5%
Net Margin15.4%
Free Cash Flow$342.6M
Return on Equity8.6%
Debt / Equity0.26x
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