RRXREGAL REXNORD CORP

General Industrial Machinery & Equipment, NEC

Revenue: $5.9B; 1.6% YoY
Operating margin: 11.5%; 9.9% YoY
EBITDA: $835M; 5.0% YoY
Market cap: $10.5B
Employees: 29,200; $203K revenue each
Net debt / EBITDA: 5.2×; $4.4B net debt
AI in 10-K: 5.0; mentions per 10K words

Takeover score 3 of 13

Fixable underperformance 1 of 7

TSR below peersNo
—
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
354% of net income
Cash flow under 80% of net income
Dilutive SBCNo
1% of revenue
Over 10% of revenue
Payouts exceed cash flowNo
9% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyYes
48% of assets
Over 40% of assets
Shareholder dissentNo
93% lowest support
Any vote under 80% support

Buyer economics 1 of 4

Low revenue per employeeYes
$203K · 4th pct
Bottom quartile of its SIC industry
Quiet on AINo
5.0 per 10K words · 83rd pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
5.2× EBITDA net debt
More cash than debt, positive EBITDA
Buyout-sizedNo
$10.5B market cap
Market cap $500M–$5B

Catalysts 1 of 2

Active 13DNo
0 filings
Active-intent 13D in 18 months
Net insider sellingYes
−$28M net
Net sales over $10M in 12 months

Financials

Metric	FY2021	FY2022	FY2023	FY2024	FY2025	YoY	Trend
Revenue	$2.9B	$3.8B	$6.3B	$6.0B	$5.9B	1.6%
Operating income	$278M	$690M	$377M	$630M	$681M	8.1%
Net income	$188M	$489M	−$57M	$196M	$280M	42%
Operating cash flow	$435M	$436M	$715M	$609M	$991M	63%
Capex	$48M	$84M	$119M	$110M	$98M	11%
Stock-based comp	$9M	$23M	$58M	$35M	$37M	7.2%
Buybacks	$25M	$239M	$0	$50M	$0	100%
Dividends	$49M	$91M	$93M	$93M	$93M	0.0%

Deal filings

None.

13D filers

None on file.

Insider trading

Open-market buys, 12 mo: $0 · 0
Open-market sells, 12 mo: $28M · 32
Net: −$28M

Pay vs performance

No pay-versus-performance disclosure yet.