Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
RBC Bearings Incorporated
Physical assets are 24.4% of total assets, a light footprint. Capex is 0.57x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. ROIC is 7.6%, below an 8% cost-of-capital hurdle.
Energy, materials, and industrial names often turn net PP&E at about 1x to 3x. This name is at 3.84x.
Physical asset ratio
24.4%Physical asset ratio · 2026-03-31(Net PP&E + inventory) / total assetsNet PP&E$487.70MpropertyPlantAndEquipmentNetInventory$762.80MinventoryTotal assets$5.12BtotalAssetsResult 24.4%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
3.84xFixed asset turnover · 2026-03-31Revenue / net PP&ERevenue$1.87BtotalRevenueNet PP&E$487.70MpropertyPlantAndEquipmentNetResult 3.84x
Revenue per dollar of the physical asset base.
Capex / D&A
0.57xCapex / D&A · 2026-03-31Capital expenditures / depreciation and amortizationCapex$73.10McapitalExpendituresD&A$128.80MdepreciationAndAmortizationResult 0.57x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
-$0.65Tangible book / share · 2026-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$5.12BtotalAssetsGoodwill$2.00BgoodWillIntangibles$1.38BintangibleAssetsLiabilities$1.76BtotalLiabTangible book-$20.60MShares31,634,888commonStockSharesOutstandingResult -$0.65
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—Price / tangible bookPrice / tangible book per sharePrice$462.21Latest quoteTangible book / share-$0.652026-03-31Tangible book per share is not positive, so the multiple is left blank.Result —
Price $462.21.
Fixed-charge coverage
2.12xFixed-charge coverage · 2026-03-31(EBITDA − capex) / (interest + short-term debt)EBITDA$547.90MebitdaCapex$73.10McapitalExpendituresInterest$49.80MinterestExpenseShort-term debt$173.80MshortLongTermDebtEBITDA − capex$474.80MPrincipal due is the current portion of debt.Result 2.12x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
2.3%Free cash flow yield · 2026-03-31Latest free cash flow / current market capFree cash flow$342.60MfreeCashFlowMarket cap$14.63BMarketCapitalizationResult 2.3%
Latest free cash flow divided by current market cap ($14.63B).
ROIC
7.6%ROIC · 2026-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$421.00MoperatingIncomeTax expense$81.70MincomeTaxExpensePretax income$369.30MincomeBeforeTaxTax rate22.1%Equity$3.36BtotalStockholderEquityDebt$991.40MshortLongTermDebtTotalCash$57.30McashInvested capital$4.30BResult 7.6%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.86x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2019 | 82.8%Physical asset ratio · 2019-03-31(Net PP&E + inventory) / total assetsNet PP&E$615.50MpropertyPlantEquipmentInventory$335.00MinventoryTotal assets$1.15BtotalAssetsUses the property line, which is larger than net PP&E ($207.90M, propertyPlantAndEquipmentNet).Result 82.8% | 1.14xFixed asset turnover · 2019-03-31Revenue / net PP&ERevenue$702.52MtotalRevenueNet PP&E$615.50MpropertyPlantEquipmentResult 1.14x | 1.39xCapex / D&A · 2019-03-31Capital expenditures / depreciation and amortizationCapex$41.35McapitalExpendituresD&A$29.66MdepreciationAndAmortizationResult 1.39x | $22.31Tangible book / share · 2019-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$1.15BtotalAssetsGoodwill$261.43MgoodWillIntangibles$155.64MintangibleAssetsLiabilities$178.80MtotalLiabTangible book$551.49MShares24,716,213commonStockSharesOutstandingResult $22.31 | 21.20xFixed-charge coverage · 2019-03-31(EBITDA − capex) / (interest + short-term debt)EBITDA$160.92MebitdaCapex$41.35McapitalExpendituresInterest$5.17MinterestExpenseShort-term debt$467.00KshortTermDebtEBITDA − capex$119.58MPrincipal due is short-term debt.Result 21.20x | $67.20MFree cash flow · 2019-03-31Reported free cash flowOperating cash flow$108.55MtotalCashFromOperatingActivitiesCapex$41.35McapitalExpendituresFree cash flow$67.20MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $67.20M | 4.9%ROIC · 2019-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$132.04MoperatingIncomeTax expense$20.90MincomeTaxExpensePretax income$126.09MincomeBeforeTaxTax rate16.6%Equity$968.57MtotalStockholderEquityDebt$1.31BshortLongTermDebtTotalCash$29.88McashAndEquivalentsInvested capital$2.25BResult 4.9% | 0.21xEBIT / PP&E · 2019-03-31Operating income / net PP&EOperating income$132.04MoperatingIncomeNet PP&E$615.50MpropertyPlantEquipmentResult 0.21x |
| 2020 | 73.6%Physical asset ratio · 2020-03-31(Net PP&E + inventory) / total assetsNet PP&E$605.00MpropertyPlantEquipmentInventory$367.49MinventoryTotal assets$1.32BtotalAssetsUses the property line, which is larger than net PP&E ($248.80M, propertyPlantAndEquipmentNet).Result 73.6% | 1.20xFixed asset turnover · 2020-03-31Revenue / net PP&ERevenue$727.46MtotalRevenueNet PP&E$605.00MpropertyPlantEquipmentResult 1.20x | 1.19xCapex / D&A · 2020-03-31Capital expenditures / depreciation and amortizationCapex$37.30McapitalExpendituresD&A$31.42MdepreciationAndAmortizationResult 1.19x | $27.18Tangible book / share · 2020-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$1.32BtotalAssetsGoodwill$277.78MgoodWillIntangibles$162.75MintangibleAssetsLiabilities$203.91MtotalLiabTangible book$677.48MShares24,922,631commonStockSharesOutstandingResult $27.18 | 57.24xFixed-charge coverage · 2020-03-31(EBITDA − capex) / (interest + short-term debt)EBITDA$179.53MebitdaCapex$37.30McapitalExpendituresInterest$1.89MinterestExpenseShort-term debt$600.00KshortLongTermDebtEBITDA − capex$142.23MPrincipal due is the current portion of debt.Result 57.24x | $118.32MFree cash flow · 2020-03-31Reported free cash flowOperating cash flow$155.62MtotalCashFromOperatingActivitiesCapex$37.30McapitalExpendituresFree cash flow$118.32MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $118.32M | 5.7%ROIC · 2020-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$149.37MoperatingIncomeTax expense$26.37MincomeTaxExpensePretax income$146.72MincomeBeforeTaxTax rate18.0%Equity$1.12BtotalStockholderEquityDebt$1.15BshortLongTermDebtTotalCash$103.26McashAndEquivalentsInvested capital$2.16BResult 5.7% | 0.25xEBIT / PP&E · 2020-03-31Operating income / net PP&EOperating income$149.37MoperatingIncomeNet PP&E$605.00MpropertyPlantEquipmentResult 0.25x |
| 2021 | 216.3%Physical asset ratio · 2021-03-31(Net PP&E + inventory) / total assetsNet PP&E$2.74BpropertyPlantEquipmentInventory$364.15MinventoryTotal assets$1.43BtotalAssetsUses the property line, which is larger than net PP&E ($243.93M, propertyPlantAndEquipmentNet).Result 216.3% | 0.22xFixed asset turnover · 2021-03-31Revenue / net PP&ERevenue$609.00MtotalRevenueNet PP&E$2.74BpropertyPlantEquipmentResult 0.22x | 0.36xCapex / D&A · 2021-03-31Capital expenditures / depreciation and amortizationCapex$11.80McapitalExpendituresD&A$32.70MdepreciationAndAmortizationResult 0.36x | $31.86Tangible book / share · 2021-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$1.43BtotalAssetsGoodwill$277.54MgoodWillIntangibles$154.40MintangibleAssetsLiabilities$204.31MtotalLiabTangible book$798.02MShares25,048,451commonStockSharesOutstandingResult $31.86 | 13.82xFixed-charge coverage · 2021-03-31(EBITDA − capex) / (interest + short-term debt)EBITDA$146.80MebitdaCapex$11.80McapitalExpendituresInterest$1.43MinterestExpenseShort-term debt$8.34MshortTermDebtEBITDA − capex$135.00MPrincipal due is short-term debt.Result 13.82x | $140.60MFree cash flow · 2021-03-31Reported free cash flowOperating cash flow$152.45MtotalCashFromOperatingActivitiesCapex$11.80McapitalExpendituresFree cash flow$140.60MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $140.60M | 5.0%ROIC · 2021-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$114.60MoperatingIncomeTax expense$23.10MincomeTaxExpensePretax income$113.20MincomeBeforeTaxTax rate20.4%Equity$1.23BtotalStockholderEquityDebt$848.74MshortLongTermDebtTotalCash$241.34McashAndShortTermInvestmentsInvested capital$1.84BResult 5.0% | 0.04xEBIT / PP&E · 2021-03-31Operating income / net PP&EOperating income$114.60MoperatingIncomeNet PP&E$2.74BpropertyPlantEquipmentResult 0.04x |
| 2022 | 19.6%Physical asset ratio · 2022-03-31(Net PP&E + inventory) / total assetsNet PP&E$431.27MpropertyPlantEquipmentInventory$516.14MinventoryTotal assets$4.85BtotalAssetsResult 19.6% | 2.19xFixed asset turnover · 2022-03-31Revenue / net PP&ERevenue$942.90MtotalRevenueNet PP&E$431.27MpropertyPlantEquipmentResult 2.19x | 0.45xCapex / D&A · 2022-03-31Capital expenditures / depreciation and amortizationCapex$29.76McapitalExpendituresD&A$65.50MdepreciationAndAmortizationResult 0.45x | -$38.12Tangible book / share · 2022-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$4.85BtotalAssetsGoodwill$1.90BgoodWillIntangibles$1.51BintangibleAssetsLiabilities$2.47BtotalLiabTangible book-$1.04BShares27,311,029commonStockSharesOutstandingResult -$38.12 | 3.62xFixed-charge coverage · 2022-03-31(EBITDA − capex) / (interest + short-term debt)EBITDA$185.70MebitdaCapex$29.76McapitalExpendituresInterest$41.50MinterestExpenseShort-term debt$1.54MshortLongTermDebtEBITDA − capex$155.94MPrincipal due is the current portion of debt.Result 3.62x | $150.53MFree cash flow · 2022-03-31Reported free cash flowOperating cash flow$180.29MtotalCashFromOperatingActivitiesCapex$29.76McapitalExpendituresFree cash flow$150.53MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $150.53M | 2.1%ROIC · 2022-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$121.10MoperatingIncomeTax expense$24.00MincomeTaxExpensePretax income$78.70MincomeBeforeTaxTax rate30.5%Equity$2.37BtotalStockholderEquityDebt$1.79BshortLongTermDebtTotalCash$182.86McashAndEquivalentsInvested capital$3.97BResult 2.1% | 0.28xEBIT / PP&E · 2022-03-31Operating income / net PP&EOperating income$121.10MoperatingIncomeNet PP&E$431.27MpropertyPlantEquipmentResult 0.28x |
| 2023 | 21.4%Physical asset ratio · 2023-03-31(Net PP&E + inventory) / total assetsNet PP&E$416.70MpropertyPlantEquipmentInventory$587.20MinventoryTotal assets$4.69BtotalAssetsResult 21.4% | 3.53xFixed asset turnover · 2023-03-31Revenue / net PP&ERevenue$1.47BtotalRevenueNet PP&E$416.70MpropertyPlantEquipmentResult 3.53x | 0.36xCapex / D&A · 2023-03-31Capital expenditures / depreciation and amortizationCapex$42.00McapitalExpendituresD&A$115.40MdepreciationAndAmortizationResult 0.36x | -$27.06Tangible book / share · 2023-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$4.69BtotalAssetsGoodwill$1.87BgoodWillIntangibles$1.45BintangibleAssetsLiabilities$2.15BtotalLiabTangible book-$786.80MShares29,072,429commonStockSharesOutstandingResult -$27.06 | 4.60xFixed-charge coverage · 2023-03-31(EBITDA − capex) / (interest + short-term debt)EBITDA$401.80MebitdaCapex$42.00McapitalExpendituresInterest$76.70MinterestExpenseShort-term debt$1.50MshortLongTermDebtEBITDA − capex$359.80MPrincipal due is the current portion of debt.Result 4.60x | $178.60MFree cash flow · 2023-03-31Reported free cash flowOperating cash flow$220.60MtotalCashFromOperatingActivitiesCapex$42.00McapitalExpendituresFree cash flow$178.60MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $178.60M | 5.2%ROIC · 2023-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$293.00MoperatingIncomeTax expense$43.00MincomeTaxExpensePretax income$209.70MincomeBeforeTaxTax rate20.5%Equity$2.54BtotalStockholderEquityDebt$2.00BshortLongTermDebtTotalCash$65.40McashAndEquivalentsInvested capital$4.47BResult 5.2% | 0.70xEBIT / PP&E · 2023-03-31Operating income / net PP&EOperating income$293.00MoperatingIncomeNet PP&E$416.70MpropertyPlantEquipmentResult 0.70x |
| 2024 | 21.9%Physical asset ratio · 2024-03-31(Net PP&E + inventory) / total assetsNet PP&E$402.40MpropertyPlantEquipmentInventory$622.80MinventoryTotal assets$4.68BtotalAssetsResult 21.9% | 3.88xFixed asset turnover · 2024-03-31Revenue / net PP&ERevenue$1.56BtotalRevenueNet PP&E$402.40MpropertyPlantEquipmentResult 3.88x | 0.28xCapex / D&A · 2024-03-31Capital expenditures / depreciation and amortizationCapex$33.20McapitalExpendituresD&A$119.30MdepreciationAndAmortizationResult 0.28x | -$17.64Tangible book / share · 2024-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$4.68BtotalAssetsGoodwill$1.87BgoodWillIntangibles$1.39BintangibleAssetsLiabilities$1.93BtotalLiabTangible book-$514.90MShares29,189,056commonStockSharesOutstandingResult -$17.64 | 5.17xFixed-charge coverage · 2024-03-31(EBITDA − capex) / (interest + short-term debt)EBITDA$459.80MebitdaCapex$33.20McapitalExpendituresInterest$78.70MinterestExpenseShort-term debt$3.80MshortLongTermDebtEBITDA − capex$426.60MPrincipal due is the current portion of debt.Result 5.17x | $241.50MFree cash flow · 2024-03-31Reported free cash flowOperating cash flow$274.70MtotalCashFromOperatingActivitiesCapex$33.20McapitalExpendituresFree cash flow$241.50MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $241.50M | 6.9%ROIC · 2024-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$342.20MoperatingIncomeTax expense$51.90MincomeTaxExpensePretax income$261.80MincomeBeforeTaxTax rate19.8%Equity$2.75BtotalStockholderEquityDebt$1.29BshortLongTermDebtTotalCash$63.50McashAndEquivalentsInvested capital$3.98BResult 6.9% | 0.85xEBIT / PP&E · 2024-03-31Operating income / net PP&EOperating income$342.20MoperatingIncomeNet PP&E$402.40MpropertyPlantEquipmentResult 0.85x |
| 2025 | 22.9%Physical asset ratio · 2025-03-31(Net PP&E + inventory) / total assetsNet PP&E$417.60MpropertyPlantEquipmentInventory$654.50MinventoryTotal assets$4.69BtotalAssetsResult 22.9% | 3.92xFixed asset turnover · 2025-03-31Revenue / net PP&ERevenue$1.64BtotalRevenueNet PP&E$417.60MpropertyPlantEquipmentResult 3.92x | 0.42xCapex / D&A · 2025-03-31Capital expenditures / depreciation and amortizationCapex$49.80McapitalExpendituresD&A$120.00MdepreciationAndAmortizationResult 0.42x | -$5.47Tangible book / share · 2025-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$4.69BtotalAssetsGoodwill$1.87BgoodWillIntangibles$1.33BintangibleAssetsLiabilities$1.65BtotalLiabTangible book-$165.90MShares30,354,000commonStockSharesOutstandingResult -$5.47 | 7.19xFixed-charge coverage · 2025-03-31(EBITDA − capex) / (interest + short-term debt)EBITDA$491.70MebitdaCapex$49.80McapitalExpendituresInterest$59.80MinterestExpenseShort-term debt$1.70MshortLongTermDebtEBITDA − capex$441.90MPrincipal due is the current portion of debt.Result 7.19x | $243.80MFree cash flow · 2025-03-31Reported free cash flowOperating cash flow$293.60MtotalCashFromOperatingActivitiesCapex$49.80McapitalExpendituresFree cash flow$243.80MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $243.80M | 7.3%ROIC · 2025-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$369.90MoperatingIncomeTax expense$65.70MincomeTaxExpensePretax income$311.90MincomeBeforeTaxTax rate21.1%Equity$3.03BtotalStockholderEquityDebt$1.03BshortLongTermDebtTotalCash$36.80McashAndEquivalentsInvested capital$4.02BResult 7.3% | 0.89xEBIT / PP&E · 2025-03-31Operating income / net PP&EOperating income$369.90MoperatingIncomeNet PP&E$417.60MpropertyPlantEquipmentResult 0.89x |
| 2026 | 24.4%Physical asset ratio · 2026-03-31(Net PP&E + inventory) / total assetsNet PP&E$487.70MpropertyPlantAndEquipmentNetInventory$762.80MinventoryTotal assets$5.12BtotalAssetsResult 24.4% | 3.84xFixed asset turnover · 2026-03-31Revenue / net PP&ERevenue$1.87BtotalRevenueNet PP&E$487.70MpropertyPlantAndEquipmentNetResult 3.84x | 0.57xCapex / D&A · 2026-03-31Capital expenditures / depreciation and amortizationCapex$73.10McapitalExpendituresD&A$128.80MdepreciationAndAmortizationResult 0.57x | -$0.65Tangible book / share · 2026-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$5.12BtotalAssetsGoodwill$2.00BgoodWillIntangibles$1.38BintangibleAssetsLiabilities$1.76BtotalLiabTangible book-$20.60MShares31,634,888commonStockSharesOutstandingResult -$0.65 | 2.12xFixed-charge coverage · 2026-03-31(EBITDA − capex) / (interest + short-term debt)EBITDA$547.90MebitdaCapex$73.10McapitalExpendituresInterest$49.80MinterestExpenseShort-term debt$173.80MshortLongTermDebtEBITDA − capex$474.80MPrincipal due is the current portion of debt.Result 2.12x | $342.60MFree cash flow · 2026-03-31Reported free cash flowOperating cash flow$415.70MtotalCashFromOperatingActivitiesCapex$73.10McapitalExpendituresFree cash flow$342.60MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $342.60M | 7.6%ROIC · 2026-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$421.00MoperatingIncomeTax expense$81.70MincomeTaxExpensePretax income$369.30MincomeBeforeTaxTax rate22.1%Equity$3.36BtotalStockholderEquityDebt$991.40MshortLongTermDebtTotalCash$57.30McashInvested capital$4.30BResult 7.6% | 0.86xEBIT / PP&E · 2026-03-31Operating income / net PP&EOperating income$421.00MoperatingIncomeNet PP&E$487.70MpropertyPlantAndEquipmentNetResult 0.86x |
- Principal due is the current portion of debt.
Latest year inputs (2026)
Net PP&E: $487.70M
Inventory: $762.80M
Total assets: $5.12B
Goodwill: $2.00B
Intangibles: $1.38B
Liabilities: $1.76B
Tangible book: -$20.60M
Shares: 31,634,888
Revenue: $1.87B
Capex: $73.10M
D&A: $128.80M
EBITDA: $547.90M
Interest: $49.80M
Short-term debt: $173.80M
Free cash flow: $342.60M
Operating income: $421.00M
Invested capital: $4.30B
Tax rate: 22.1%