Rcm TECHNOLOGIES, Inc. (RCMT) intrinsic value & 10-year financials
Rcm TECHNOLOGIES, Inc. (RCMT) has a Graham intrinsic value of $71.08 per share. At $37.50 on Oct 17, 2026, the stock trades 47% below that value. Over the last 10 fiscal years revenue grew 6.2% a year to $319.4M, with an average return on invested capital of 35.0%.
- Graham intrinsic value
- $71.08
- Share price (Oct 17, 2026)
- $37.50
- Price vs Graham value
- 47% below
- Market cap
- $286.3M
- Revenue (FY2026)
- $319.4M
- Revenue growth (10-yr CAGR)
- 6.2%
- ROIC (10-yr avg)
- 35.0%
- Free cash flow (FY2026)
- $17.4M
RCMT 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $319.4M | $16.3M | $2.14 | $17.4M | 7.9% | 39.3% |
| FY2025 | — | — | — | — | — | — |
| FY2024 | $278.4M | $13.3M | $1.68 | $3.6M | 8.0% | 52.6% |
| FY2023 | $263.2M | $16.8M | $1.96 | $9.6M | 9.0% | 63.5% |
| FY2022 | $284.7M | $20.9M | $2.00 | $27.4M | 10.1% | 71.6% |
| FY2021 | $150.4M | -$8.9M | -$0.73 | $24.7M | -7.3% | -33.2% |
| FY2020 | — | — | — | — | — | — |
| FY2019 | $191.1M | $4.1M | — | -$5.1M | 3.4% | 15.9% |
| FY2018 | $200.4M | $2.7M | $0.22 | -$1.6M | 2.7% | — |
| FY2017 | $186.7M | $2.0M | $0.17 | $4.0M | 0.1% | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
RCM TECHNOLOGIES, INC. has demonstrated mature, steady growth, with revenue compounding at 6.1% annually over the past decade.
RCM TECHNOLOGIES, INC. has earned high returns on invested capital, averaging 35.0% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Over the decade, RCM TECHNOLOGIES, INC. shows that management has aggressively returned capital to shareholders by retiring 37.0% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, RCM TECHNOLOGIES, INC. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $71.08 per share.