Abstract

RB GLOBAL INC will release its quarterly results on February 17, 2026 Post Market; this preview summarizes consensus expectations, company guidance, key business dynamics, and prevailing analyst views for the upcoming print.

Market Forecast

Market consensus for the current quarter points to revenue of $1.17 billion, implying 10.10% year-over-year growth, with EBIT estimated at $239.34 million and EPS at $1.00, reflecting an expected year-over-year increase of 26.58%. The company’s margin mix is projected to be stable to modestly higher versus last year, supported by mix and operating leverage; the forecast embeds an improving gross profit margin trajectory and resilient net profitability. Highlights from the main business suggest steady growth in service-driven volumes and resilient consignment trends, while the outlook calls for continued expansion in high-value asset turnover. The most promising segment is Services, with estimated revenue contribution near $0.85 billion last quarter and double-digit year-over-year expansion, underpinning the majority of group growth.

Last Quarter Review

RB GLOBAL INC’s prior quarter delivered revenue of $1.09 billion, a gross profit margin of 46.09%, GAAP net profit attributable to the parent company of $95.50 million with a net profit margin of 8.74%, and adjusted EPS of $0.93, up 30.99% year over year. A notable highlight was the upside in profitability as EBIT reached $277.70 million, materially exceeding internal and market estimates, reflecting disciplined cost control and a beneficial mix in high-margin services. The main business mix was led by Services at $0.85 billion and Inventory at $0.25 billion, with Services showing a stronger year-over-year trend due to healthy buyer demand and steady seller consignment inflows.

Current Quarter Outlook (with major analytical insights)

Core Marketplace and Services

The centerpiece of RB GLOBAL INC’s business remains fee-based marketplace and services revenue, which tends to scale with gross transaction value across auctions and digital channels. With forecast revenue at $1.17 billion and EPS at $1.00, the quarter’s trajectory suggests continued operating leverage as volumes stabilize in construction, transportation, and industrial equipment categories. The recent gross profit margin level near the mid-40% range provides a cushion for incremental costs, while a service-heavy revenue mix typically supports a higher-margin profile relative to inventory-led sales. As the company balances consignor incentives and buyer fees, the implied margin resilience points to efficient take-rate management and stable buyer liquidity on platform.

Growth Engines in Services

Services was the largest revenue contributor last quarter at approximately $0.85 billion, and it remains the company’s primary growth engine this quarter. Year-over-year expansion for Services is supported by healthy asset turnover and increased adoption of value-added offerings such as inspections, financing facilitation, logistics, and refurbishment, which can lift take rates. With EBIT forecast up modestly versus last year, incremental contribution likely skews to services-driven gross profit given the lighter working capital intensity and scale benefits in digital workflows. The consistency of Services growth also helps diversify against cyclical swings in any single asset class, reinforcing the margin structure in a mixed macro environment.

Inventory Sales and Mix

Inventory contributed roughly $0.25 billion last quarter, reflecting a smaller but meaningful share of total revenue. While inventory-led sales can add top-line momentum in periods of strong demand, they can weigh on margins relative to fee-based services given ownership risk and associated costs. The expected quarter-over-year growth in revenue suggests inventory throughput should remain adequate to support overall volume, yet the company’s profitability guardrails depend on preserving a services-led mix and disciplined inventory turns. A favorable mix shift back toward consignment could sustain the mid-40% gross margin zone, while an outsized tilt to inventory could cap margin expansion.

Key Stock Price Drivers This Quarter

Margin trajectory is a central driver for the stock this quarter, with investors watching for evidence that gross profit margin can hold near or above the mid-40% range and that net profit margin remains in the high-single-digit zone. Execution on digital marketplace penetration and the breadth of buyer participation will influence take rates and operating leverage, particularly as the company seeks to compound services revenue. Guidance quality and commentary on demand across end-markets such as construction and logistics will be pivotal for setting the tone into the next quarter; a balanced outlook with conservative cost discipline may be viewed favorably, while signs of consignment softness could temper enthusiasm.

Analyst Opinions

Bullish views dominate the recent discourse, with the majority of analysts citing resilient services momentum, improving operational efficiency, and manageable macro risks into the print. Several well-followed institutions highlight the company’s solid execution on fee-based growth levers and see the $1.17 billion revenue and $1.00 EPS forecasts as achievable, with upside risk if services mix trends remain favorable. Positive commentary emphasizes expanding wallet share with repeat consignors and buyers, expanding digital adoption, and firm pricing power in key asset categories, which together could support EBIT near $239.34 million and potentially modestly above. The consensus majority expects continued outperformance relative to prior-year comparables, and they frame valuation sensitivity around the sustainability of mid-40% gross margins and high-single-digit net margins through the year.