olivlawolivlaw

olivLaw · US equity research

Ralliant Corporation RAL

Industrial Instruments For Measurement, Display, and Control · SIC 3823 · Vertical: Industrial Instruments For Measurement, Display, and Control (SIC 3823)

71.58USD+0.38% · 1 dayClose 04 Nov 2026

Ralliant is a global maker of precision instruments and engineered products, separated from Fortive in June 2025, with two segments: Test and Measurement and Sensors and Safety Systems. It aims to empower engineers amid electrification and digitization, and in the second quarter of 2026 revenue rose 13% and full-year guidance was raised.

The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).

At the close of 04 Nov 2026, Ralliant Corporation (RAL) stock was 71.58 USD (+0.38% on the day), with market capitalisation 7.9 bn USD, dividend yield 0.14%, beta 1.54, 52-week range 38.39–73.96 USD. Latest reported quarter (Q3 2026): revenue of 620.1 m USD (+17.2% YoY), net income of 86.1 m USD (+115.8% YoY), diluted EPS 0.77 USD.

Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.

Market cap
7.9 bn USD
shares as of 30 Oct 2026
P/E (TTM)
unavailable
Diluted EPS TTM -10.66 · TTM to 02 Oct 2026
E/P (TTM)
-14.90%
TTM to 02 Oct 2026
Dividend yield
0.14%
DPS 12m 0.10
Beta (2y)
1.54
Volatility (1y) 55%
52-week range
38.3973.96

Price history

Loading chart…

Technical reading

RSI (14)
56.3
strong (55–70)
Bollinger (20, 2)
64.61 – 73.91
in the upper half of the band · %B 0.75 · band width 13.4%
SMA 50 / 200
68.07 / 58.80
uptrend (price > SMA50 > SMA200)
MACD (12, 26, 9)
0.13 / -0.05
MACD above signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyS&P 500vs S&P 500Vertical median
1 month−3.2%−1.1%−2.1 pp—
3 months+7.9%−0.5%+8.3 pp—
6 months+52.2%+4.4%+47.8 pp—
Year to date+40.6%+12.3%+28.3 pp—
1 year+65.8%+13.5%+52.2 pp+24.7%
3 yearsunavailable+76.4%unavailable+15.8%
5 yearsunavailable+63.7%unavailable—
Max drawdown (1y)
−31.8%
04 Feb 2026 → 05 Feb 2026
Max drawdown (5y)
−31.8%
04 Feb 2026 → 05 Feb 2026
Compound annual growth (5y)
unavailable
S&P 500 +10.4%

Price returns, dividends excluded.

Quarterly results

Latest quarter: Q3 2026 · 02 Oct 2026

Revenue
620.1 m USD
+17.2% YoY
Net income
86.1 m USD
+115.8% YoY
Diluted EPS
0.77
+120.0% YoY
net / operating
13.9% / 18.9%

Quarterly margins

Quarterly statements · USD

Fiscal yearQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Revenue548.1 m481.8 m503.3 m529.1 m554.5 m534.6 m567.8 m620.1 m
Cost of revenue266.4 m238.4 m255.0 m260.5 m274.6 m262.3 m274.9 m290.5 m
Gross profit281.7 m243.4 m248.3 m268.6 m279.9 m272.3 m292.9 m329.6 m
Research & development42.1 m41.3 m42.0 m38.8 m42.9 m43.7 m44.7 m42.5 m
SG&A137.5 m128.3 m147.4 m177.8 m163.1 m160.5 m166.0 m169.6 m
Operating income102.1 m73.8 m58.9 m52.0 m-1.4 bn68.1 m82.2 m117.5 m
Depreciation & amortisation26.7 m26.9 m28.6 m30.0 m30.0 m29.7 m30.1 m28.8 m
Interest expense00016.3 m16.0 m14.7 m13.8 m13.5 m
Pre-tax income101.7 m73.3 m58.9 m35.2 m-1.4 bn52.9 m68.5 m103.5 m
Income tax19.0 m9.4 m11.3 m-4.7 m-9.9 m8.7 m11.3 m17.4 m
Net income82.7 m63.9 m47.6 m39.9 m-1.4 bn44.2 m57.2 m86.1 m
Diluted EPS0.73 ≈0.570.420.35-12.33 ≈0.390.510.77
Operating cash flow161.1 m72.0 m85.4 m ≈138.6 m ≈101.6 m19.1 m105.5 m ≈111.3 m ≈
Capex14.5 m5.6 m11.6 m ≈12.0 m ≈10.0 m8.7 m6.4 m ≈9.4 m ≈
Dividends paid000 ≈5.6 m ≈5.7 m5.6 m5.5 m ≈5.6 m ≈
Share repurchases—00 ≈0 ≈—50.5 m101.0 m ≈0 ≈

≈ derived quarter (cumulative difference / share-days average)

E/P over time

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Fiscal years

Fiscal year202320242025
Revenue2.2 bn2.2 bn2.1 bn
Revenue YoYunavailable−0.0%−4.0%
Net income416.8 m354.6 m-1.2 bn
Net income YoYunavailable−14.9%−444.8%
Diluted EPS3.703.15-10.84
Diluted EPS YoYunavailable−14.9%−444.1%
net %19.3%16.5%-59.1%
Free cash flow432.6 m420.2 m358.4 m

Reported results vs expectations

Loading…

Balance sheet & financial health

Fiscal year 2025 · 31 Dec 2025

Cash
318.8 m USD
Financial debt
1.1 bn USD
Net debt
830.0 m USD
Equity
1.6 bn USD
Total assets
3.8 bn USD
Debt / equity
0.70x
Current ratio
0.84x
ROE
-45.3%
ROA
-28.6%
FCF margin
17.3%

Financial statements (source on every figure)

Revenue and net income (USD)

Margins

Income statement · USD

Revenue
2023
2.2 bn
2024
2.2 bn
2025
2.1 bn

SEC (XBRL)· 26 Feb 2026verified

Cost of revenue
2023
1.0 bn
2024
1.0 bn
2025
1.0 bn

SEC (XBRL)· 26 Feb 2026verified

Gross profit
2023
1.1 bn
2024
1.1 bn
2025
1.0 bn

SEC (XBRL)· 26 Feb 2026verified

Research & development
2023
161.5 m
2024
163.5 m
2025
165.0 m

SEC (XBRL)· 26 Feb 2026verified

SG&A
2023
446.4 m
2024
552.1 m
2025
616.6 m

SEC (XBRL)· 26 Feb 2026verified

Operating income
2023
511.8 m
2024
459.6 m
2025
-1.2 bn

SEC (XBRL)· 26 Feb 2026verified

Depreciation & amortisation
2023
30.7 m
2024
113.0 m
2025
115.5 m

SEC (XBRL)· 26 Feb 2026verified

EBITDA
2023
542.5 m ≈
2024
572.6 m ≈
2025
-1.1 bn ≈

SEC (XBRL)· 26 Feb 2026derived

Interest expense
2023
0
2024
0
2025
32.3 m

SEC (XBRL)· 26 Feb 2026verified

Pre-tax income
2023
509.8 m
2024
432.6 m
2025
-1.2 bn

SEC (XBRL)· 26 Feb 2026verified

Income tax
2023
93.0 m
2024
78.0 m
2025
6.1 m

SEC (XBRL)· 26 Feb 2026verified

Net income
2023
416.8 m
2024
354.6 m
2025
-1.2 bn

SEC (XBRL)· 26 Feb 2026verified

Diluted EPS
2023
3.70
2024
3.15
2025
-10.84

SEC (XBRL)· 26 Feb 2026verified

Weighted average diluted shares
2023
112.7 m
2024
112.7 m
2025
112.8 m

SEC (XBRL)· 26 Feb 2026verified

Dividend per share
2023
—
2024
—
2025
0.10

SEC (XBRL)· 26 Feb 2026verified

Balance sheet · USD

Cash
2023
0
2024
0
2025
318.8 m

SEC (XBRL)· 26 Feb 2026verified

Receivables
2023
—
2024
293.8 m
2025
285.3 m

SEC (XBRL)· 26 Feb 2026verified

Inventories
2023
—
2024
282.9 m
2025
301.6 m

SEC (XBRL)· 26 Feb 2026verified

Current assets
2023
—
2024
618.6 m
2025
976.1 m

SEC (XBRL)· 26 Feb 2026verified

Property, plant & equipment, net
2023
—
2024
200.2 m
2025
214.2 m

SEC (XBRL)· 26 Feb 2026verified

Goodwill
2023
1.9 bn
2024
2.9 bn
2025
1.7 bn

SEC (XBRL)· 26 Feb 2026verified

Intangibles (excl. goodwill)
2023
—
2024
809.6 m
2025
795.2 m

SEC (XBRL)· 26 Feb 2026verified

Total assets
2023
—
2024
4.7 bn
2025
3.8 bn

SEC (XBRL)· 26 Feb 2026verified

Short-term debt
2023
—
2024
0
2025
530.4 m

SEC (XBRL)· 26 Feb 2026verified

Long-term debt
2023
—
2024
0
2025
618.4 m

SEC (XBRL)· 26 Feb 2026verified

Current liabilities
2023
—
2024
533.7 m
2025
1.2 bn

SEC (XBRL)· 26 Feb 2026verified

Total liabilities
2023
—
2024
956.6 m
2025
2.2 bn

SEC (XBRL)· 26 Feb 2026verified

Equity
2023
2.3 bn †
2024
3.8 bn †
2025
1.6 bn †

SEC (XBRL)· 26 Feb 2026verified

Cash flow · USD

Operating cash flow
2023
461.8 m
2024
454.5 m
2025
397.6 m

SEC (XBRL)· 26 Feb 2026verified

Capex
2023
29.2 m
2024
34.3 m
2025
39.2 m

SEC (XBRL)· 26 Feb 2026verified

Free cash flow
2023
432.6 m ≈
2024
420.2 m ≈
2025
358.4 m ≈

SEC (XBRL)· 26 Feb 2026derived

Investing cash flow
2023
-22.4 m
2024
-1.7 bn
2025
-37.7 m

SEC (XBRL)· 26 Feb 2026verified

Financing cash flow
2023
-431.7 m
2024
1.3 bn
2025
-54.7 m

SEC (XBRL)· 26 Feb 2026verified

Dividends paid
2023
0
2024
0
2025
11.3 m

SEC (XBRL)· 26 Feb 2026verified

Computed indicators

Growth

Revenue growth (YoY)
-4.0%
computed by olivLawFY 2025
Revenue CAGR 3Y
unavailable
input data missing
Revenue CAGR 5Y
unavailable
input data missing
EBIT growth (YoY)
-357.4%
computed by olivLawFY 2025
Net income growth (YoY)
-444.8%
computed by olivLawFY 2025
Net income CAGR 3Y
unavailable
input data missing
Net income CAGR 5Y
unavailable
input data missing
EPS growth (YoY)
-444.1%
computed by olivLawFY 2025
EPS CAGR 3Y
unavailable
input data missing
EPS CAGR 5Y
unavailable
input data missing
FCF growth (YoY)
-14.7%
computed by olivLawFY 2025

Profitability

Gross margin
51.6%
computed by olivLawTTM to 02 Oct 2026
EBITDA margin
-43.1%
computed by olivLawTTM to 02 Oct 2026
EBIT margin
-48.3%
computed by olivLawTTM to 02 Oct 2026
Net margin
-52.1%
computed by olivLawTTM to 02 Oct 2026
FCF margin
13.3%
computed by olivLawTTM to 02 Oct 2026

Returns

ROE
-51.8%
computed by olivLawTTM to 02 Oct 2026 · balance sheet at 02 Oct 2026
ROA
-26.1%
computed by olivLawTTM to 02 Oct 2026 · balance sheet at 02 Oct 2026
ROIC
-29.6%
computed by olivLawTTM to 02 Oct 2026 · balance sheet at 02 Oct 2026
ROCE
-35.1%
computed by olivLawTTM to 02 Oct 2026 · balance sheet at 02 Oct 2026
Payout ratio (EPS)
unavailable
insufficient data
Payout ratio (FCF)
7.4%
computed by olivLawTTM to 02 Oct 2026

Balance sheet

Net debt
782.9 m USD
computed by olivLawbalance sheet at 02 Oct 2026
Net debt / EBITDA
unavailable
insufficient data
Debt / equity
0.7x
computed by olivLawbalance sheet at 02 Oct 2026
Interest coverage
-19.0x
computed by olivLawTTM to 02 Oct 2026

Liquidity

Current ratio
1.6x
computed by olivLawbalance sheet at 02 Oct 2026
Quick ratio
1.1x
computed by olivLawbalance sheet at 02 Oct 2026
Cash ratio
0.5x
computed by olivLawbalance sheet at 02 Oct 2026

Cash

Operating cash flow
337.5 m USD
computed by olivLawTTM to 02 Oct 2026
Capital expenditure
34.5 m USD
computed by olivLawTTM to 02 Oct 2026
Free cash flow
303.0 m USD
computed by olivLawTTM to 02 Oct 2026
FCF conversion
unavailable
insufficient data
Cash conversion
unavailable
insufficient data

Efficiency

Days sales outstanding
51 days
computed by olivLawTTM to 02 Oct 2026 · balance sheet at 02 Oct 2026
Days inventory outstanding
107 days
computed by olivLawTTM to 02 Oct 2026 · balance sheet at 02 Oct 2026
Days payables outstanding
unavailable
input data missing
Cash conversion cycle
unavailable
input data missing

Market and valuation

Market capitalisation
7.9 bn USD
computed by olivLawbalance sheet at 02 Oct 2026
Enterprise value
8.7 bn USD
computed by olivLawbalance sheet at 02 Oct 2026
Market cap / net income TTM
unavailable
insufficient data
P/E (TTM)
unavailable
insufficient data
Earnings yield
-14.9%
computed by olivLawTTM to 02 Oct 2026
P/B
4.9x
computed by olivLawbalance sheet at 02 Oct 2026
P/S
3.5x
computed by olivLawTTM to 02 Oct 2026 · balance sheet at 02 Oct 2026
EV/EBITDA
unavailable
insufficient data
EV/EBIT
unavailable
insufficient data
EV/Sales
3.8x
computed by olivLawTTM to 02 Oct 2026 · balance sheet at 02 Oct 2026
P/FCF
26.2x
computed by olivLawTTM to 02 Oct 2026 · balance sheet at 02 Oct 2026
FCF yield
3.8%
computed by olivLawTTM to 02 Oct 2026 · balance sheet at 02 Oct 2026
Dividend yield
0.1%
computed by olivLawTTM to 02 Oct 2026
Shareholder yield (distributions)
0.3%
computed by olivLawTTM to 02 Oct 2026 · balance sheet at 02 Oct 2026

1 indicators that do not apply to the sector.

Valuation

olivLaw classification

Insufficient data
What is missing
  • score weight coverage: 45.8% of at least 60%

A scoring methodology on indicators and valuation, not investment advice.

Closing price

71.58 USD

04 Nov 2026Source: olivLaw, closing series

Market cap: 7.9 bn USD

Key indicators

Market capitalisation
7.9 bn USD
computed by olivLawbalance sheet at 02 Oct 2026
P/E (TTM)
unavailable
insufficient data
P/B
4.9x
computed by olivLawbalance sheet at 02 Oct 2026
EV/EBITDA
unavailable
insufficient data
ROE
-51.8%
computed by olivLawTTM to 02 Oct 2026 · balance sheet at 02 Oct 2026
Net margin
-52.1%
computed by olivLawTTM to 02 Oct 2026
Revenue growth (YoY)
-4.0%
computed by olivLawFY 2025
Dividend yield
0.1%
computed by olivLawTTM to 02 Oct 2026

Coverage and freshness

34/37 reporting lines present
Latest full fiscal year: 2025
Latest reported period: 02 Oct 2026
Latest balance sheet date: 02 Oct 2026
Share count (cover of the latest filing), as of: 30 Oct 2026
Source: SEC (XBRL)published 04 Nov 2026
verified 420derived 32

Score by group

46% · Insufficient data

Estimated value range

Low
15.44
USD per share
Mid
19.51
USD per share
High
26.10
USD per share
Price: 71.58 USD
The price is above the range
Potential to the central value: -72.7% (value / price − 1)
Margin of safety: -266.9% (1 − price / value)
Agreement between methods: low · 2 methods used · 2 independent bases

The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 1.31 – 50.42 USD.

Valuation assumptions are editorial choices, not measured; beta is not measured.

Method ranges (USD per share)

— — Mid · ▏ Price

Valuation methods

  • DCF (discounted cash flow)29.56 – 50.42 (Mid 37.51)
    WACC 8.8% · starting FCFF 351.7 m USD · terminal value share of EV 74%
    The WACC × g sensitivity gives the method's bounds; these are not probabilities.
    Reverse DCF: starting growth implied by the price (fading linearly to terminal growth, everything else fixed): 21.7%
  • Peers: EV/EBITDAunavailable · the base of the ratio is not positive
  • Peers: P/Eunavailable · the base of the ratio is not positive
  • Dividend discount (DDM)1.31 – 1.77 (Mid 1.51)
Multiple comparisons use the SIC vertical: Industrial Instruments For Measurement, Display, and Control (SIC 3823)

Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.

Assumptions (illustrative, editorial)

Risk-free rate
4.3%
Equity risk premium
5.0%
Beta (default)
1.00
Cost of equity
9.3%
Terminal growth
2.5%

Factor scorecard

Insufficient data

Minimum-evidence gate: score weight coverage: 45.8% of at least 60%

FactorValueScoreWeight used
ROIC · Quality-29.6%18 (vs peers)23%
Net margin · Quality-52.1%27 (vs peers)14%
FCF conversion · Qualityunavailableunavailable—
Revenue CAGR 3Y · Growthunavailableunavailable—
EPS CAGR 3Y · Growthunavailableunavailable—
Net debt / EBITDA · Balance sheetunavailableunavailable—
Interest coverage · Balance sheet-19.0x0 (on a fixed band)14%
Current ratio · Balance sheet1.6x71 (on a fixed band)9%
P/E (TTM) · Valuationunavailableunavailable—
EV/EBITDA · Valuationunavailableunavailable—
FCF yield · Valuation3.8%48 (on a fixed band)18%
Shareholder yield (distributions) · Returns0.3%4 (on a fixed band)14%
Payout ratio (FCF) · Returns7.4%100 (on a fixed band)9%

Factors without a value were dropped; the remaining weights were renormalised.

Score groups

  • Balance sheet28/100 · 2/3 factors with a value
  • Growth· partialunavailable · 0/2 factors with a value
  • Quality21/100 · 2/3 factors with a value
  • Returns42/100 · 2/2 factors with a value
  • Valuation· partial48/100 · 1/3 factors with a value

A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

Memo

Ralliant Corporation (RAL). Latest full fiscal year: 2025; data up to 2026-10-02.

Figures computed from the financial statements: revenue 2.1 bn USD in 2025; YoY growth -4.0%; net margin -52.1%; ROE -51.8%.

The estimated value range is 15.44–26.10 USD per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 19.51 USD, the price of 71.58 USD leaves a potential of -72.7% (value / price − 1) and a margin of safety of -266.9% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.

Insufficient data for a verdict (score weight coverage: 45.8% of at least 60%).

Text generated deterministically from the figures shown; no language model. Not investment advice.

What supports the thesis

  • Current ratio: 1.6x
  • Payout ratio (FCF): 7.4%

What contradicts it

  • ROIC: -29.6%
  • Net margin: -52.1%
  • Interest coverage: -19.0x
  • Shareholder yield (distributions): 0.3%
  • The price is above the estimated value range
  • The valuation methods diverge

Not assessed (insufficient data or a ratio without meaning): FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA.

Versus the vertical median

Industrial Instruments For Measurement, Display, and Control (SIC 3823) · same industry (4-digit SIC) · compared with 15 companies

Multiples and returns vs the median

P/E
—
vertical median 33.4x
EV/EBITDA
—
vertical median 17.8x
P/S
3.5x
vertical median 3.8x
below median (−9.0%)
P/B
4.9x
vertical median 3.3x
above median (+51.0%)
ROE
-51.8%
vertical median 8.3%
below median (−726.1%)
Net margin
-52.1%
vertical median 9.5%
below median (−646.7%)
EBIT margin
-48.3%
vertical median 15.1%
below median (−419.1%)
Revenue YoY
-4.0%
vertical median 3.4%
below median (−217.8%)
Net debt/EBITDA
—
vertical median 2.4x
Dividend yield
0.1%
vertical median 0.6%
below median (−75.1%)

Price rebased to 100 (monthly, 5 years)

Companies in the vertical

Market capP/EROENet marginRevenue YoY1A / 3A
DHRDanaher Corporation165.3 bn38.48.3%16.9%+2.9%+4% / +5%
AMEAMETEK, Inc.54.4 bn33.414.7%19.9%+6.6%+20% / +53%
ROPRoper Technologies, Inc.48.7 bn19.413.2%30.7%+12.3%+10% / −9%
KEYSKeysight Technologies, Inc.48.7 bn39.220.6%19.1%+8.0%+44% / +110%
FTVFortive Corporation20.3 bn32.510.5%14.8%+1.9%+28% / +31%
MKSIMks Inc.13.2 bn31.115.9%10.1%+9.6%+25% / +136%
CGNXCognex Corp8.9 bn51.311.1%16.1%+8.7%+39% / +41%
RALRalliant Corporation7.9 bn—-51.8%-52.1%−4.0%+66% / unavailable
STSensata Technologies Holding PLC6.0 bn16.512.7%9.5%−5.8%+28% / +26%
MLABMesa Laboratories Inc706.1 m148.12.7%1.9%+3.4%+57% / +48%
SENSSenseonics Holdings, Inc.476.9 m—-118.2%-225.3%+56.9%+46% / −24%
HURCHurco Companies, Inc.137.6 m—-3.3%-3.6%−4.3%+31% / +1%
SYPRSypris Solutions, Inc.29.2 m—-69.9%-9.2%−14.5%−42% / −33%
CLIRClearsign Technologies Corporation16.5 m—-51.7%-96.1%+45.6%−67% / −80%
FCUVFocus Universal Inc.2.2 m—-106.0%-637.2%−35.9%−98% / −99%
POASPhaos Technology Holdings (Cayman) Limited——-363.8%-4,662.3%−19.3%−98% / unavailable

1- and 3-year price returns: for RAL from daily closes (the same as the performance table), for the other companies from month-end closes.

olivLaw engine forecast

The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

The engine has no published run for this company yet.

Valuation scenarios (editable assumptions)

Illustrative scenarios

Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.

Bear
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Base
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Bull
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Nothing is saved.

Estimated price (USD)

Estimated priceBearBaseBull
1 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
3 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
5 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
What moves the 3-year price the most

    AI analysis

    AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

    Possibly outdated: the newest document it read is from 30 Jul 2026; since then the company filed 8-K (04 Nov 2026 · results), 10-Q (04 Nov 2026).

    In brief

    Ralliant is a global maker of precision instruments and engineered products, separated from Fortive in June 2025, with two segments: Test and Measurement and Sensors and Safety Systems. It aims to empower engineers amid electrification and digitization, and in the second quarter of 2026 revenue rose 13% and full-year guidance was raised 3.

    SWOT

    Strengths

    • A broad precision technology portfolio and more than 2,200 active patents, with leading positions in power electronics testing and grid monitoring 1.
    • The Ralliant Business System provides operational discipline and has supported margin expansion in both segments 3.
    • An engineering workforce and an extensive partner network help the company build trust with customers in critical industries 1.

    Weaknesses

    • A significant goodwill impairment in Test and Measurement in 2025 tied to revised expectations for the EA business 1.
    • Sales declined in 2025 with lower volumes across several regions 1.
    • The company is still transitioning as an independent entity, with added standalone public company costs 1.

    Opportunities

    • Demand from utilities, defense and data centers could support revenue growth in S&SS 3.
    • The productivity program could lift margins and cash generation in the coming years 3.
    • A semiconductor recovery could support demand for Test and Measurement solutions 3.

    Threats

    • Tariffs and trade tensions could raise costs and delay shipments 1.
    • Competition from large diversified rivals could pressure pricing 1.
    • Slower electric vehicle adoption could reduce demand for energy testing 1.

    Risks

    • Goodwill impairmenthigh

      A further impairment could arise if expectations for acquired businesses are not met 1.

    • Tariff policymedium

      Changes in tariffs could affect import costs and margins, although the company says it is offsetting them 13.

    • Semiconductor cyclicalitymedium

      Demand in semiconductors is sensitive to cycles in automotive and consumer electronics 1.

    • Government defense budgetsmedium

      Changes in defense budgets could reduce orders in the S&SS segment 1.

    • Seasonalitylow

      Sales are typically lowest in the first quarter and highest in the fourth, which makes quarterly results volatile 1.

    Investment thesis

    What would need to be true (bull case)

    • If demand from utilities and defense continues, the S&SS segment could sustain revenue and margin growth 3.
    • The productivity program and RBS discipline could lift cash flow, which could allow more investment or shareholder returns 3.
    • The raised 2026 guidance suggests management sees a positive trend, if markets stay stable 3.

    What would break the thesis

    • If demand for electric vehicles stays weak, Test and Measurement could remain under pressure 1.
    • Tariffs and trade tensions could reduce demand and disrupt supply chains 1.
    • If remaining goodwill is retested and found overstated, further impairments could hit profits 1.

    What to watch

    • Third-quarter revenue and adjusted EBITDA margin guidanceQ3 2026
    • Progress and realized savings of the Enterprise Productivity Program2026
    • Demand trends in Test and Measurement, especially semiconductors and electric vehiclesnext 10-K
    • Tariff impact on costs and changes in US trade policyQ1 2027

    Products, market & competition

    AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

    Possibly outdated: the newest document it read is from 30 Jul 2026; since then the company filed 8-K (04 Nov 2026 · results), 10-Q (04 Nov 2026).

    The business

    Ralliant designs, develops, manufactures and services precision instruments and highly engineered products, headquartered in Raleigh, North Carolina, with about 7,000 employees 13. It was created by the separation of Fortive's Precision Technologies segment, and its shares began regular-way trading on the NYSE under RAL on June 30, 2025 1. Its model rests on an 'engineer to engineer' approach and the Ralliant Business System 1. Sales outside the United States were 48.7% of the total in 2025 1.

    Sales for fiscal 2025 were $2,068.8 million, down slightly from 2024, reflecting lower volumes and a goodwill impairment in Test and Measurement 1. As part of the separation, the company paid Fortive $1.15 billion 1. In 2026 management raised its full-year revenue guidance on the back of organic growth in both segments 3.

    The company launched an Enterprise Productivity Program targeting $50-60 million of annualized run-rate savings by 2028 3. Ralliant returned $161 million to shareholders in 2026 year-to-date, including through an accelerated share repurchase 3.

    Segments

    Sensors and Safety Systems

    The segment offers power grid monitoring, safety systems for defense and space, and industrial sensors, under brands such as QUALITROL and GEMS SENSORS 1. Revenue in the second quarter of 2026 was $347 million, up 12% 3.

    Test and Measurement

    The segment supplies oscilloscopes, probes, source measuring units, semiconductor test systems and analysis software, under TEKTRONIX and KEITHLEY INSTRUMENTS 1. Revenue in the second quarter of 2026 was $221 million, up 15%, with improved profitability 3.

    Market context

    Target markets include semiconductors, diversified electronics, communications, utilities, defense and space, and industrial manufacturing 1. The company expects electrification and digitization trends to support demand, though demand tied to electric vehicles has slowed 1.

    Customers include semiconductor makers, hyperscalers, utilities and government defense agencies 1. Test and Measurement revenue was affected by slower electric vehicle adoption, which led to lower forecasts for that business in 2025 1.

    Trends

    • Electrification and digitizationtailwind

      Growth in AI data centers, renewables and energy storage creates demand for precision testing and monitoring, which could support long-term growth 1.

    • Tariffs and tradeheadwind

      Changes in US tariff policy have raised input costs and slowed shipments, although the company says it is fully offsetting tariff costs in its current guidance 13.

    • Defense spendingmixed

      Rising defense spending and missile and munitions programs support demand for safety systems in S&SS, but government budgets remain hard to predict 13.

    • Electric vehiclesheadwind

      Slower electric vehicle adoption weighed on demand for EA testing, which led to a goodwill impairment 1.

    Competitive position

    The company operates in fragmented markets with large, diversified competitors; Test and Measurement faces Keysight Technologies, Rohde & Schwarz, Ametek and Teledyne Technologies 1. In Sensors and Safety Systems, main competitors include Esco Technologies, Ensign-Bickford Aerospace & Defense, Endress+Hauser, ifm Efector and Brooks Instrument 1.

    Competitive factors include price, quality, performance, applications expertise and innovation, and competition from lower-cost manufacturing locations can pressure prices 1.

    • Keysight TechnologiesKEYS

      Principal competitor in electronic test and measurement, named in the source for the Test and Measurement segment.

    • Rohde & Schwarz

      Competitor in measurement and test instruments, named for the Test and Measurement segment.

    • AmetekAME

      Competitor in measurement instruments, named in the source for the Test and Measurement segment.

    • Endress+Hauser

      Competitor in process sensors, named for the Sensors and Safety Systems segment.

    News & filings

    In the press

    No news in our archive over the last 180 days.

    SEC filings

    Sources

    1. [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Ralliant Corporation · 26 Feb 2026
    2. [2] Form 10-Q, quarter ended 2026-07-03 · SEC / Ralliant Corporation · 30 Jul 2026
    3. [3] Form 8-K, results release (exhibit 99.1) · SEC / Ralliant Corporation · 30 Jul 2026

    Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.