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Ralliant Corporation engages in the design, development, manufacture, sale, and service of precision instruments and engineered products in the United States, China, and internationally. It operates through two segments, Test and Measurement; and Sensors and Safety Systems. The Test and Measurement segment provides precision test and measurement instruments, systems, software, and services markets under the TEKTRONIX, KEITHLEY INSTRUMENTS, SONIX, and EA ELECTRO-AUTOMATIK brand names. This segment offers a portfolio of industry solutions, including oscilloscopes, probes, source measuring units, semiconductor test systems, high-power bi-directional power supplies, and measurement analysis software packages. The Sensors and Safety Systems segment provides power grid monitoring solutions, safety systems for mission critical defense and space applications, and sensing solutions for critical environments, as well as sensing products encompassing liquid level, flow, and pressure sensors, motion sensors and components, and hygienic sensors. This segment markets its products under the QUALITROL, GEMS SENSORS, SETRA SYSTEMS, HENGSTLER DYNAPAR, ANDERSON-NEGELE, DOVER MOTION, SPECIALTY PRODUCT TECHNOLOGIES, and PACIFIC SCIENTIFIC ENERGETIC MATERIALS COMPANY. It serves semiconductor, diversified electronics, communications, utilities, defense and space, industrial manufacturing, and other industries. The company was formerly known as New Precision Technologies Company. Ralliant Corporation was incorporated in 2024 and is based in Raleigh, North Carolina.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2.1B | $-1.1B | $-1.2B | $358M | -74.8% | -4.0% | -444.8% |
| 2024 | $2.2B | $546M | $355M | $420M | 9.4% | -0.0% | -14.9% |
| 2023 | $2.2B | $541M | $417M | $433M | 18.4% | 3.2% | 12.4% |
| 2022 | $2.1B | $512M | $371M | $361M | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 2,089.70 | 2,155.70 | 2,154.70 | 2,068.80 |
| Operating Revenue | 2,089.70 | 2,155.70 | 2,154.70 | 2,068.80 |
| Cost Of Revenue | 1,041.50 | 1,036 | 1,042.60 | 1,028.50 |
| Gross Profit | 1,048.20 | 1,119.70 | 1,112.10 | 1,040.30 |
| Operating Expense | 574.40 | 607.90 | 715.60 | 781.60 |
| Research And Development | 155.10 | 161.50 | 163.50 | 165 |
| Selling General And Administration | 419.30 | 446.40 | 552.10 | 616.60 |
| Total Expenses | 1,615.90 | 1,643.90 | 1,758.20 | 1,810.10 |
| Operating Income | 473.80 | 511.80 | 396.50 | 258.70 |
| Total Operating Income As Reported | 473.80 | 511.80 | 459.60 | -1,183 |
| EBITDA | 512.10 | 540.50 | 545.60 | -1,068.60 |
| Normalized EBITDA | 512.10 | 540.50 | 508.10 | 373.10 |
| EBIT | 473.80 | 509.80 | 432.60 | -1,184.10 |
| Interest Expense | - | 0 | 0 | 32.30 |
| Net Interest Income | - | 0 | 0 | -32.30 |
| Other Non Operating Income Expenses | -1.90 | -2 | -1.40 | -1.10 |
| Other Income Expense | -1.90 | -2 | 36.10 | -1,442.80 |
| Interest Expense Non Operating | - | 0 | 0 | 32.30 |
| Net Non Operating Interest Income Expense | - | 0 | 0 | -32.30 |
| Pretax Income | 471.90 | 509.80 | 432.60 | -1,216.40 |
| Tax Provision | 101.20 | 93 | 78 | 6.10 |
| Tax Rate For Calcs | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | 0 | 0 | 6.75 | -302.76 |
| Net Income Continuous Operations | 370.70 | 416.80 | 354.60 | -1,222.50 |
| Net Income From Continuing And Discontinued Operation | 370.70 | 416.80 | 354.60 | -1,222.50 |
| Net Income From Continuing Operation Net Minority Interest | 370.70 | 416.80 | 354.60 | -1,222.50 |
| Net Income | 370.70 | 416.80 | 354.60 | -1,222.50 |
| Net Income Common Stockholders | 370.70 | 416.80 | 354.60 | -1,222.50 |
| Net Income Including Noncontrolling Interests | 370.70 | 416.80 | 354.60 | -1,222.50 |
| Normalized Income | 370.70 | 416.80 | 323.85 | -83.56 |
| Diluted NI Availto Com Stockholders | 370.70 | 416.80 | 354.60 | -1,222.50 |
| Basic Average Shares | 112.99 | 112.99 | 112.99 | 112.80 |
| Diluted Average Shares | 112.99 | 112.99 | 112.99 | 112.80 |
| Reconciled Depreciation | 38.30 | 30.70 | 113 | 115.50 |
| Reconciled Cost Of Revenue | 1,041.50 | 1,036 | 1,042.60 | 1,028.50 |
| Total Unusual Items | 0 | 0 | 37.50 | -1,441.70 |
| Total Unusual Items Excluding Goodwill | 0 | 0 | 37.50 | -1,441.70 |
| Special Income Charges | 0 | 0 | 37.50 | -1,441.70 |
| Gain On Sale Of Business | 0 | 0 | -25.60 | 0 |
| Impairment Of Capital Assets | - | 0 | 0 | 1,441.70 |
| Gain On Sale Of Security | - | - | -25.60 | - |
| Gain On Sale Of Ppe | 0 | 0 | 63.10 | 0 |
| Total Other Finance Cost | - | - | 66.30 | - |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Ralliant Corporationthis co. | RAL | $7.0B | -5.72 | 4.28 | -74.8% | -7.39 |
| MaxLinear, Inc. | MXL | $8.4B | -61.72 | 18.67 | -30.2% | -97.97 |
| Plexus Corp. | PLXS | $7.6B | 44.01 | 5.23 | 11.9% | 26.92 |
| ESCO Technologies Inc. | ESE | $7.6B | 25.28 | 4.91 | 19.4% | 31.35 |
| Clear Secure, Inc. | YOU | $7.3B | 66.70 |
| 40.97 |
| 61.4% |
| 33.05 |
| Paycom Software, Inc. | PAYC | $6.4B | 14.10 | 3.69 | 26.2% | 7.65 |
| ACM Research, Inc. | ACMR | $6.2B | 66.26 | 4.26 | 6.4% | 33.90 |
| Kulicke and Soffa Industries, Inc. | KLIC | $5.6B | 26417.05 | 6.85 | 0.0% | 141.24 |
| Lyft, Inc. | LYFT | $5.4B | 1.89 | 1.64 | 86.9% | 53.59 |
| Peer Median | - | 34.64 | 5.07 | 15.7% | 32.20 | |