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RF Industries, Ltd.

RFIL Industrials Electrical Equipment & Parts

RF Industries, Ltd.’s revenue for fiscal 2025 (year ended October 2025) was $80.6 million, up 24.3% from fiscal 2024.

Revenue
+21.1%
EPS
+225.0%
Free cash flow
+453.3%
Total debt
−27.0%

Quarter to July 2026, against a year earlier

6.60 0.88 −11.76%
Market cap
$71.1M
P/E
29.3×
Fwd P/E
22.6×
Dividend yield
—
F-score
8/9
Altman Z
2.87
Beneish M
−2.71
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 16.04%

Capital & Financial Ratios $m

Size
Market Cap 71.05
Revenue ttm 86.31
Net income ttm 2.44
Free cash flow ttm 3.22
Net debt Q 1.26
Valuation
P/E 29.29
Forward P/E 22.60
Price / sales 0.83
Forward P/S Powerpack
Price / FCF 22.24
Price / book 1.86
Financial health
Current ratio Q 2.02 (at or above 1.5: strong)
Debt / equity Q 0.15 (at or below 0.5: strong)
Interest coverage Q 0.00
Growth
Revenue growth Q +21.07% (above 0%: growing)
Operating income growth Q +144.31% (above 0%: growing)
EPS, this year +48.75% (at or above 15%: strong)
EPS, next year A +30.25% (at or above 15%: strong)
Revenue, next year A +9.72%
EPS, past 5 yrs —
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.0×, against a ten-year median of 0.9×; over the ten years it ranged from 0.3× in 2017 to 3.0× in 2026.
P/E against its own 10 years 49.03%
10-year low 10-year high
P/S against its own 10 years 44.48%
10-year low 10-year high
P/B against its own 10 years 65.35%
10-year low 10-year high
EV/Sales against its own 10 years 58.93%
10-year low 10-year high
EV/FCF against its own 10 years 69.07%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—
Growth, 2016–22
−100.0%/yr
  1. 0.08 ’16
  2. 0.08 ’17 +0
  3. 0.08 ’18 +0
  4. 0.08 ’19 +0
  5. 0.02 ’20 −75
  6. 0.00 ’21 −100
  7. 0.00 ’22
paid change on the year, %

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 5 1 5 4
Receivables 10 12 15 17
Inventory 19 15 14 13
Other 2 1 1 2
36 29 35 36
2023 2024 2025 Q'26
Payables 3 4 3 3
ST’ Debt 3 8 8 6
Other — — — —
13 18 21 18

Compound Annual Growth %

10y 5y 3y
Sales 10.06% 13.36% (1.86%)
Cash Flow 39.17% 0.14% 16.55%
Earnings (22.77%) 0.00% (62.72%)
Book Value 2.93% 1.89% (5.62%)

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.20 Actual 0.19

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.09 0.20 Beat by 0.11
Q1 FY25 0.03 0.06 Beat by 0.03
Q2 FY26 0.09 0.14 Beat by 0.05
Q3 FY26 0.20 0.19 Miss by 0.01
Q4 FY26 0.20 — Reports 13 January 2027

EPS $

Jan Apr Jul Oct Year
’26 0.00 0.08 0.12 — —
’25 (0.02) (0.02) 0.04 0.02 0.01
’24 (0.13) (0.41) (0.07) (0.02) (0.63)
’23 (0.11) 0.06 (0.16) (0.08) (0.30)
’22 (0.03) 0.05 0.08 0.04 0.14
’21 (0.04) 0.48 0.09 0.08 0.61
’20 0.00 (0.02) (0.01) 0.02 (0.01)
Fiscal quarters ending in the months shown.

Revenue $m

Jan Apr Jul Oct Year
’26 19 21 24 — —
’25 19 19 20 23 81
’24 13 16 17 18 65
’23 18 22 16 16 72
’22 17 22 24 23 85
’21 10 11 15 21 57
’20 12 10 10 11 43
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jan Apr Jul Oct Year
’26 1 (1) 2 — —
’25 1 2 0 2 5
’24 1 0 2 0 3
’23 1 1 0 2 4
’22 1 (2) 2 2 3
’21 (1) (1) (2) 0 (3)
’20 6 0 (1) 0 5
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jan Apr Jul Oct Year
’26 1 (1) 1 — —
’25 1 2 0 2 4
’24 1 0 2 0 2
’23 0 1 (1) 1 2
’22 0 (2) 2 0 0
’21 (1) (1) (2) 0 (3)
’20 6 0 (1) 0 4
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to October

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jul ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 30 23 50 55 43 57 85 72 65 81 86 +11.5% 88 97 — +9.9%
Gross margin, % 27.99 30.40 34.07 28.26 26.87 30.94 28.80 27.07 29.10 33.18 35.08 +5.2 pt
EBT (5) 0 7 5 0 7 2 (4) (4) 1 3 n/m
EBT margin, % (15.49) 1.01 14.93 8.24 (1.04) 12.57 1.86 (5.89) (5.86) 1.01 3.59 +16.5 pt
Net income (4) 0 6 4 0 6 1 (3) (7) 0 2 n/m
Per share, $
Per share, $ Revenue 3.44 2.60 5.51 5.91 4.45 5.75 8.42 7.02 6.19 7.57 7.95 +9.2%
Earnings (0.47) 0.04 0.64 0.38 (0.01) 0.62 0.14 (0.30) (0.63) 0.01 0.23 n/m
Cash flow (0.14) 0.18 0.68 (0.29) 0.47 (0.31) 0.29 0.41 0.30 0.43 0.34 n/m
Capex 0.00 (0.02) 0.43 (0.06) (0.02) (0.02) (0.26) (0.24) (0.07) (0.02) (0.04) +18.0%
Free cash flow (0.15) 0.16 1.11 (0.35) 0.45 (0.34) 0.02 0.17 0.23 0.41 0.30 n/m
Book value 2.43 2.41 3.05 3.37 3.31 3.97 4.14 3.87 3.25 3.31 3.55 +3.5%
Shares, m 9 9 9 9 10 10 10 10 10 11 11 +2.2%
Valuation, ×
Valuation, × P/E 0.00 61.25 12.13 16.05 0.00 12.31 38.64 0.00 0.00 391.00 29.29 53.1
P/S 0.51 0.94 1.41 1.00 0.96 1.33 0.64 0.42 0.67 1.03 0.83 0.9
P/B 0.72 1.01 2.54 1.76 1.29 1.92 1.31 0.77 1.27 2.37 1.86 1.5
EV/Sales 0.33 0.72 1.08 0.78 0.66 1.12 0.77 0.55 0.94 1.19 0.96 0.8
EV/FCF (7.74) 11.52 5.35 (13.26) 6.57 (19.29) 303.13 23.32 25.08 22.07 25.77 35.7
Cash, $m
Cash, $m Operating cash flow (1) 2 6 (3) 5 (3) 3 4 3 5 4 n/m
Capex 0 0 4 (1) 0 0 (3) (2) (1) 0 0 +20.7%
Free cash flow (1) 1 10 (3) 4 (3) 0 2 2 4 3 n/m
Balance, $m
Balance, $m Working capital 13 13 24 28 24 31 27 24 11 14 18 +1.0%
Net debt (5) (5) (16) (13) (13) (12) 11 9 7 3 1 n/m
Shareholders’ equity 21 21 28 32 32 40 42 40 34 35 39 +5.7%
Returns, %
Returns, % ROA (14.08) 1.50 20.31 10.03 (0.21) 13.66 2.08 (3.58) (8.61) 0.10 3.36 +14.2 pt
ROIC (18.16) 0.79 40.65 14.67 (1.32) 9.83 2.59 (4.84) (4.26) 2.94 6.18 +21.1 pt
ROE (17.12) 1.79 23.80 11.87 (0.25) 17.25 3.55 (7.54) (17.88) 0.22 6.67 +17.3 pt
People
People Employees 189 195 186 281 271 300 344 321 302 289 — +4.8%
Revenue/emp, $m 0.16 0.12 0.27 0.20 0.16 0.19 0.25 0.22 0.21 0.28 — +6.4%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Oct 2025 · latest quarter Jul 2026 · fundamentals updated 2 Oct 2026

RF Industries, Ltd. vs peers in Electrical Equipment & Parts (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
NEOV NeoVolta, Inc. $124.5M — (loss-making) — (loss-making) −99.72% (below 0%: shrinking) n/m −1,293.55% (below 0%: shrinking) (8,440.00%) (75,445.93%) Compare
SKYX SKYX Platforms Corp. $94.0M — (loss-making) — (loss-making) +9.58% (above 0%: growing) n/m −56.37% (below 0%: shrinking) 28.86% (27.98%) Compare
CBAT China BAK Battery, Inc. $90.4M — (loss-making) — (loss-making) +99.26% (above 0%: growing) n/m +147.06% (above 0%: growing) 1.49% (13.93%) Compare
RFIL RF Industries, Ltd. $71.1M 29.3× 22.6× +21.07% (above 0%: growing) +225.00% (above 0%: growing) +453.33% (above 0%: growing) 35.63% 7.34%
WBX Wallbox N.V. $66.4M — — — n/m +6,958.18% (above 0%: growing) 39.84% (47.80%) Compare
NMAD Nomad Power Solutions, Inc. $56.2M — (loss-making) — — n/m −230.63% (below 0%: shrinking) — 0.00% Compare
NVX NOVONIX Limited Sponsored ADR $55.6M — (loss-making) — (loss-making) +76.13% (above 0%: growing) −297.33% (below 0%: shrinking) −1.34% (below 0%: shrinking) (431.26%) 0.00% Compare
OESX Orion Energy Systems, Inc. $55.4M — (loss-making) 23.6× +8.90% (above 0%: growing) n/m −319.53% (below 0%: shrinking) 28.68% (3.38%) Compare
TGEN Tecogen Inc. $46.2M — (loss-making) — (loss-making) −21.23% (below 0%: shrinking) n/m +11.86% (above 0%: growing) 37.83% (37.42%) Compare
Median of peers $61.3M — — +9.24% — −28.85% 28.68% (20.96%)

All 55 Electrical Equipment & Parts stocks →

Pay and ownership Proxy statement filed 28 July 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 1.34m 1.34m 183.00
2024 910.08k 910.08k 97.00
2023 894.67k 894.67k 69.00

Ownership

Directors and executive officers, together 20.40%
Pasadena, CA 8.30%
Mark K. Holdsworth 8.20%
Edina, MN 7.50%
Robert D. Dawson 6.20%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

RF Industries, Ltd. (RFIL) Latest News

20 Sep

Impact 3 ·

15 Sep

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14 Sep

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Impact 4 · · InvestorsHub
Impact 3 · · The Motley Fool transcript
Impact 3 · · Moby transcript
Impact 3 · · MarketBeat transcript
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18 Jun

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17 Jun

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16 Jun

Impact 4 ·

15 Jun

Impact 4 · · Moby
Impact 3 · · MarketBeat
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22 May

Impact 4 · · Zacks

15 May

Impact 3 · · Zacks

8 May

Impact 4 · · Zacks

12 Apr

Impact 3 · · Simply Wall St.

25 Mar

Impact 3 · · Zacks

16 Mar

Impact 4 · · GuruFocus.com
Impact 4 · · Moby
Impact 4 · · MarketBeat
Impact 4 · · Zacks
Impact 4 · · The Motley Fool transcript
Impact 3 · · ACCESS Newswire

1 Mar

Impact 3 · · Simply Wall St.

14 Feb

Impact 3 · · Simply Wall St.

10 Feb

Impact 4 · · Zacks
stockrow.com/RFIL · Data as of Oct 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com