Ralliant Corp
RALdata completeness 100%3 fiscal years on fileData notes: no data for concept 'interestExpense'
Ralliant Corp earns about 0% on invested capital, below its ~9% cost of capital, with a roughly flat share count — no moat visible in the numbers. The estimate methods put fair value between $32.58 and $54.17 a share.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.
| Figure | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Revenue | $2.16B1 | $2.15B1 | $2.07B1 |
| Net income | $416.8M2 | $354.6M2 | −$1.22B2 |
| Operating cash flow | $461.8M3 | $454.5M3 | $397.6M3 |
| Capital expenditure | $29.2M4 | $34.3M4 | $39.2M4 |
| Free cash flow (derived) | $432.6M3 | $420.2M3 | $358.4M3 |
| Total debt | — | $05 | $2.3B5 |
| Cash & equivalents | $06 | $07 | $318.8M7 |
| Diluted shares | 112.7M | 112.7M | 112.8M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
10 shares is a claim on $144.88 of net worth that earned you −$108.38 and generated $31.77 of cash last year, against $203.69 of debt.
It earned about 0% on invested capital against a ~9% cost of capital — below the cost of funding. The numbers show no moat.
seeing a moat in the numbers →Share count is roughly flat over 3 years — little dilution, little buyback.
reading capital allocation →Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.
The 3 estimate methods that apply put fair value between $32.58 and $54.17 a share. They rest on different assumptions, so where they diverge is the story.
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears10
- fcfGrowth5.0%
- fcfBase$420.2M
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears5
- fcfGrowth5.0%
- fcfBase$420.2M
assumptions (8)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- normalizedEarnings$354.6M
- growthAssumed0.0%
Different models answer different questions — which to trust when →
| Bear | 0.0% | $35.68 |
| Base | 5.0% | $48.56 |
| Bull | 10.0% | $63.98 |
Bear/base/bull growth = 0% / filed history / history + 5pp. Type a price to see the return each case implies.
Default growth 5.0%= this company’s own filed history (median-to-median FCF CAGR, clamped 0–20%). Your adjustments are recorded anonymously. They become the “what do owners actually believe” dataset.
- 10-K · period ending 2023-12-31 · accession 0002041385-26-000023 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2023-12-31 · accession 0002041385-26-000023 (NetIncomeLoss)
- 10-K · period ending 2023-12-31 · accession 0002041385-26-000023 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2023-12-31 · accession 0002041385-26-000023 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2024-12-31 · accession 0002041385-26-000023 (LongTermDebtNoncurrent)
- 10-K · period ending 2023-12-31 · accession 0002041385-26-000023 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
- 10-K · period ending 2024-12-31 · accession 0002041385-26-000023 (CashAndCashEquivalentsAtCarryingValue)