At a glance
RBC Bearings Incorporated is worth $15.34B, about 53 times its fiscal 2026 earnings. Revenue grew 14.3% to $1.87B in fiscal 2026, with 15.4% kept as profit; over 5 years it has grown 25.2% a year. It pays no dividend; it spent $28.2M buying back its shares over FY2022–FY2026. The stock returned +18.7% over the past year with dividends reinvested, against +11.5% for the S&P 500.
The business in plain English
RBC Bearings makes precision bearings, gears and other engineered parts that keep machines running. Bearings cut friction between moving parts, gearing transfers power, and other components control pressure and flow. The company focuses on specialized, high-end parts rather than mass-market ones, because there its engineering helps it stand out and earn higher profits. It runs 65 facilities in 11 countries, and 44 of them are factories. It earns money by selling these parts to equipment makers. It also sells them through distributors as replacement parts for machines already in use.
Industrial customers produced $1,082.9 million, or 58% of the $1,870.9 million in net sales for the fiscal year ended March 28, 2026. Buyers include Caterpillar, Komatsu and Halliburton, plus distributors such as Motion Industries and Applied Industrial. End markets range from mining and construction to food and beverage, warehousing and semiconductor equipment.
Aerospace & Defense supplied the other 42%, or $788.0 million, up from $592.8 million a year earlier. Customers include the U.S. Department of Defense, Boeing, Airbus, Lockheed Martin and SpaceX. RBC's parts are often designed in while a new aircraft or weapon is being developed. That can make RBC the main supplier for the product's whole life. About 89% of sales came from the U.S.
Price history
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RBC +18.7% over the year to Oct 28, 2026, total return with dividends reinvested.
How it makes money
By product or service
| Industrial | $1.08B | 57.9% |
| Aerospace Defense | $788.0M | 42.1% |
By business segment
| Industrial | $1.08B | 57.9% |
| Aerospace Defense | $788.0M | 42.1% |
By geography
| US | $1.67B | 89.2% |
| Non Us | $202.8M | 10.8% |
Latest results
- In Q2 FY2027 (ended Sep 26, 2026), revenue was $524.6M, up 15.2% from a year earlier, and net income was $93.8M (+56.3%).
- For fiscal 2026, revenue was $1.87B (+14.3% year over year; +25.2% a year from FY2021 to FY2026) with a 15.4% net margin.
Financial health check
| Revenue growth a year (FY2021–FY2026) | +25.2% good |
|---|---|
| Operating margin | 22.5% good |
| Free cash flow margin | 18.3% good |
| Return on equity (FY2026) | 8.6% watch |
| Return on assets (FY2026) | 5.6% watch |
| Net cash (cash minus debt) | $-621.2M weak |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $609.0M | — | — |
| FY2022 | $942.9M | — | — |
| FY2023 | $1.47B | $166.7M | $178.6M |
| FY2024 | $1.56B | $209.9M | $241.5M |
| FY2025 | $1.64B | $246.2M | $243.8M |
| FY2026 | $1.87B | $287.6M | $342.6M |
Valuation snapshot
| Market value | $15.34B |
|---|---|
| P/E ratio | 53.3 |
| Dividend yield | 0% |
Rank among 1514 US companies
Market value at each year end
RBC Bearings Incorporated’s market value went from $6.07B at the end of 2022 to $15.34B on Oct 28, 2026, about 2.5 times as much; since the end of 2025 it is up 8%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Oct 28, 2026 | $15.34B | +8.2% |
| 2025 | $14.18B | +50.9% |
| 2024 | $9.40B | +13.4% |
| 2023 | $8.29B | +36.4% |
| 2022 | $6.07B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| RBC price data to Oct 28, 2026 | +8.1% | +18.7% | +30.9% | — | — |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +8.1% |
| 2025 | +49.9% |
| 2024 | +5.0% |
| 2023 | +36.1% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Insider activity
Form 4 filings from 2025-10-31 to 2026-10-31 (25 read): 0 open-market purchases and 5 sales ($1.4M).
| Date | Insider | Type | Value |
|---|---|---|---|
| Jun 24, 2026 | Dolores J Ennico Director | sell | $382K |
| Jun 3, 2026 | Edward Stewart Director | sell | $356K |
| Jun 3, 2026 | Barry C. Boyan Director | sell | $328K |
| Jun 17, 2026 | Steven H. Kaplan Director | sell | $221K |
| Jun 25, 2026 | John J. Feeney Vice President and Secretary | sell | $148K |
Who owns it
Large shareholders (13G filings)
| Durable Capital Partners LP | 5.4% | Jun 30, 2026 |
| Vanguard Capital Management | 5.23% | Mar 31, 2026 |
| Kayne Anderson Rudnick Investment Management, LLC | 4.9% | Jun 30, 2025 |
| WASATCH ADVISORS LP | 4.8% | Dec 31, 2024 |
| T. Rowe Price Associates, Inc. | 4.5% | Jun 30, 2025 |
ETFs with the most weight in RBC
| AIRR First Trust RBA American Industrial Renaissance ETF | 3.75% |
| NBSM Neuberger Berman Small-Mid Cap ETF | 2.39% |
| IYM iShares U.S. Basic Materials ETF | 1.81% |
| RFG Invesco S&P MidCap 400® Pure Growth ETF | 1.39% |
| MMSC First Trust Multi-Manager Small Cap Opportunities ETF | 1.05% |
| TMFX Motley Fool Next Index ETF | 0.62% |
| PDP Invesco Dorsey Wright Momentum ETF | 0.59% |
| SEIS SEI Select Small Cap ETF | 0.53% |
What could go wrong
- Acquisition debt adds financial strain. RBC took on substantial debt to buy Dodge and VACCO. As of June 27, 2026, it had $806.2 million of debt and $124.5 million of cash. Higher interest rates raise the cost of its bank debt.
- Growth depends on finding more deals. The company's growth strategy relies on buying businesses. Good deals may dry up, and bought firms can carry hidden liabilities. Goodwill (the premium paid over asset value) could also be written down, hurting reported profits.
- Defense spending cuts or contract changes. About 1% of fiscal 2026 sales went directly to the U.S. government and an estimated 7% indirectly. The government can end those contracts or renegotiate their profits. Spending cuts could also reduce orders.
- Losing a major customer or approval. Large buyers such as Boeing, Airbus, Caterpillar and the Defense Department matter a great deal. Losing one could cut sales sharply. So could losing a product approval needed for aircraft or military use.
- Steel costs and tariffs can squeeze margins. RBC depends on raw materials, especially steel, as well as energy and bought-in parts. Price spikes, shortages or new tariffs may raise its costs faster than it can pass them on to customers.
- Industrial customers are cyclical. Industrial customers made up 58% of fiscal 2026 sales. Demand from mining, construction, energy and other heavy industries rises and falls with the economy. A slowdown could cut orders and profits.
Recent events
- Quarterly results released
- Executive or board change; Shareholder vote results
- Other company announcement
- Quarterly results released
- Major agreement signed; Executive or board change
- Quarterly results released
- Quarterly results released
- Quarterly results released
For income and retirement investors
RBC Bearings pays no dividend. Its annual report for the year ended March 28, 2026 says it does not expect to pay cash dividends in the foreseeable future. Buybacks have been small: about $28 million across fiscal 2022 to 2026. Free cash flow (cash left after capital spending) was $342.6 million in fiscal 2026 alone. The share count also grew about 24.5% between July 2021 and July 2026, so each share owns a smaller slice of the company. An investor who needs income from this stock would have to sell shares to get it.
The price record on this page covers only about 4.1 years to October 28, 2026. So it does not show how the shares held up in the 2008 financial crisis, the 2020 COVID crash or the 2022 bear market. The deepest fall from a peak in that window was 27.3%, and it came in the year to October 28, 2026. Single stocks carry more risk than diversified funds.
Questions investors ask
How does RBC Bearings make money?
RBC Bearings makes money by selling highly engineered bearings, gears and related parts. In the fiscal year ended March 28, 2026, net sales were $1,870.9 million. Industrial customers such as Caterpillar and Komatsu provided 58%. Aerospace and defense customers such as Boeing, Airbus and the U.S. Department of Defense provided 42%. It sells to equipment makers and, through distributors, as replacement parts. Its operating margin was 22.5%. That is the share of sales left after operating costs, before interest and taxes.
Does RBC Bearings pay a dividend?
No. RBC Bearings paid no dividends from fiscal 2022 through fiscal 2026. Its annual report for the year ended March 28, 2026 says it does not expect to pay cash dividends in the foreseeable future. The dividend yield was 0% as of October 28, 2026. Buybacks were also modest, about $28.2 million over those five fiscal years. Investors who want regular income from this stock would need to sell shares to raise cash.
How much of RBC Bearings' sales come from aerospace and defense?
About 42%. Aerospace & Defense sales were $788.0 million in the fiscal year ended March 28, 2026. That was up from $592.8 million, or 36% of sales, a year earlier, and $519.4 million, or 33%, the year before. The segment supplies parts for commercial and military aircraft, naval vessels, guided weapons and satellites. About 1% of sales went directly to the U.S. government, plus an estimated 7% indirectly.
How much debt does RBC Bearings have?
RBC Bearings had $806.2 million of total debt as of June 27, 2026. It held $124.5 million of cash and investments, which leaves net debt of about $681.7 million. Shareholders' equity was about $3.46 billion. The company took on substantial debt to buy Dodge and VACCO. Its annual report warns that higher interest rates would raise the cost of its bank debt. Free cash flow was $342.6 million in fiscal 2026.
How has RBC Bearings stock performed?
The shares have risen over one and three years, with sharp swings along the way. As of October 28, 2026, the price was up 18.7% over one year and 30.9% a year on average over three years. It was down 18.5% over six months. Calendar-year price returns were 36.1% in 2023, 5.0% in 2024 and 49.9% in 2025. The stock traded at about 53 times fiscal 2026 earnings, a price that assumes growth will continue.