Ralliant Corporation (RAL) Stock Price & How to Invest
Last updated July 2026
Short answer
RAL is Ralliant Corporation, the precision-instruments and sensors business spun off from Fortive in mid-2025, home to brands like Tektronix and Keithley. It trades as an industrial-technology company levered to electronics test, electrification, and defense demand rather than a single product.
RAL stock price
As of 2026-07-24, Ralliant Corporation (RAL) last closed at $69.43, up 46.2% over the past year. Over the past 52 weeks it has traded between $38.39 and $73.63.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or Ralliant Corporation's investor relations page. Walnut is informational, not investment advice.
What does Ralliant Corporation (RAL) do?
Ralliant Corporation (NYSE: RAL) designs, builds, and services precision instruments and highly engineered products across two segments. Test and Measurement houses well-known brands including Tektronix, Keithley Instruments, Sonix, and EA Elektro-Automatik, serving semiconductor, electronics, and research customers. Sensors and Safety Systems includes Qualitrol, Gems Sensors, Setra Systems, Hengstler Dynapar, Anderson-Negele, Dover Motion, and Pacific Scientific Energetic Materials, spanning grid monitoring, industrial sensing, and defense-related components. The company completed its separation from Fortive on June 28, 2025 and began trading on the NYSE on June 30, 2025, drawing on more than 150 years of combined operating history and roughly 90,000 customers.
The investment picture is that of a mid-cap industrial-technology carve-out finding its footing as a standalone public company. Ralliant runs annual revenue in the low-$2 billion range, generates solid adjusted EBITDA margins, and is exposed to secular themes like electronics test intensity, electrification, and defense spending, evidenced by a defense backlog above $1 billion. Offsetting that are the debt taken on at separation, margin pressure from standalone costs, and the execution risk of a company that has only reported a handful of quarters on its own.
What's driving Ralliant Corporation (RAL)?
1. Test and measurement franchise
Tektronix and Keithley are established names in oscilloscopes and precision electronics measurement, tied to semiconductor, electronics design, and research spending. New Tektronix platform launches point to continued product refresh. This segment gives Ralliant recurring instrument-and-software demand across long-lived customer relationships.
2. Defense and electrification demand
Ralliant has cited a defense backlog above $1 billion, supported by Pacific Scientific Energetic Materials and related products, plus a $27.3 million Defense Production Act investment. Electrification trends drive demand for sensors and power test equipment. These end markets provide a demand tailwind that is less tied to the general electronics cycle.
3. Standalone margin and productivity program
Management launched an enterprise productivity program targeting $50 million to $60 million in annualized savings by 2028, aimed at offsetting standalone public-company costs. Full-year 2026 guidance implies adjusted EBITDA margins in the roughly 19.5 to 20.5 percent range. Delivering on these targets is central to the standalone earnings story.
4. Capital returns and balance-sheet management
The board authorized $500 million in share repurchases, including a $100 million accelerated buyback in the second quarter of 2026. Ralliant also refinanced its term loan, replacing a $530.8 million loan due December 2026 with a $550 million loan maturing in March 2029, pushing out near-term maturities.
What are the risks to Ralliant Corporation (RAL)?
As a recent spinoff, Ralliant has a short standalone track record and carried roughly $1.1 billion of debt out of the separation, giving it a debt-to-equity ratio around 70 percent that leaves it sensitive to sustained high interest rates. Net earnings margin compressed year over year in early 2026 as standalone and program costs weighed on the bottom line. Its test-and-measurement demand is exposed to the cyclical electronics and semiconductor capital-spending cycle, while defense revenue depends on government budgets and program timing. The stock has been volatile since listing, ranging from about $37 to $75 within its first year, and any shortfall against raised guidance could pressure the shares. Integration of standalone functions and delivery of promised productivity savings remain execution risks.
How is Ralliant Corporation (RAL) valued? (approximate, July 2026)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Ralliant Corporation's investor relations page or your broker.
- Revenue (TTM): ~$2.1B
- FY2026 revenue guidance: ~$2.185B to $2.245B
- Q1 2026 revenue: ~$535M (up 11% YoY)
- Q1 2026 adjusted EPS: ~$0.57
- Market cap: ~$7.9B
- Total debt: ~$1.1B
Ralliant's first-quarter 2026 revenue of about $535 million rose 11 percent (9 percent organically), and the company raised full-year revenue and adjusted EPS guidance to roughly $2.53 to $2.69. At a market cap near $7.9 billion against low-$2 billion revenue, the stock carries an industrial-technology multiple that reflects its established brands and growth themes. Second-quarter 2026 results were scheduled for release on July 30, 2026, which will update these figures.
Who competes with Ralliant Corporation (RAL)?
Test and measurement instrument makers
Keysight Technologies, Teledyne Technologies (LeCroy), Rohde and Schwarz, and Emerson-owned National Instruments compete with Tektronix and Keithley in oscilloscopes, electronics test, and measurement systems. These are the closest peers to Ralliant's largest segment.
Industrial sensors and safety systems
Sensata Technologies, TE Connectivity, Amphenol, and Novanta compete across pressure, position, and safety sensing markets served by Gems Sensors, Setra, Hengstler Dynapar, and Anderson-Negele. Ralliant blends precision sensing with grid-monitoring and defense components.
Diversified industrial-tech peers
Former parent Fortive, along with Vontier, Roper Technologies, and Dover, are broader industrial-technology holding companies that overlap on end markets and serve as valuation and capital-allocation comparables for a carve-out like Ralliant.
How to invest in Ralliant Corporation (RAL)
There are three common ways to get RAL exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic basket, so RAL sits alongside other stocks that express the same thesis.
Walnut takes the basket route. Describe a thesis where RAL fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.
The bottom line on Ralliant Corporation (RAL)
Ralliant is a newly independent precision-technologies company whose story hinges on organic growth in test and measurement, a growing defense backlog, and how it manages the debt it carried out of the Fortive separation.
More on Ralliant Corporation (RAL)
Whether RAL is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is RAL a buy?, and where the stock could go from here in the RAL stock forecast.
For income investors, whether RAL pays a dividend and how the payout looks is covered in does RAL pay a dividend?
Build a basket around RAL with Walnut
Use Ralliant Corporation as one constituent in a thematic basket Walnut's AI helps you assemble. Describe a thesis you believe in, the AI proposes the holdings and weights, and you approve before any broker order.
FAQ
What company is ticker RAL?
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RAL is Ralliant Corporation, a precision-technologies company that trades on the NYSE. It was spun off from Fortive Corporation, with the separation completed on June 28, 2025, and shares began trading on June 30, 2025.
What does Ralliant do?
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Ralliant designs, builds, and services precision instruments and engineered products in two segments: Test and Measurement (brands like Tektronix and Keithley) and Sensors and Safety Systems (brands like Qualitrol, Gems Sensors, Setra, and Pacific Scientific Energetic Materials).
Why did Ralliant separate from Fortive?
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Fortive split into two focused companies. Fortive retained its Intelligent Operating Solutions and Advanced Healthcare Solutions businesses, while Ralliant took the Precision Technologies segment. Fortive holders received one Ralliant share for every three Fortive shares held.
How did Ralliant perform in its most recent quarter?
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In the first quarter of 2026, Ralliant reported revenue of about $535 million, up 11 percent year over year (9 percent organically), with adjusted EPS near $0.57. The company raised its full-year guidance. Second-quarter results were due July 30, 2026.
What are the main risks with RAL?
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Key risks include a short standalone track record, roughly $1.1 billion of debt (debt-to-equity near 70 percent), margin compression from standalone costs, exposure to the cyclical electronics and semiconductor capital-spending cycle, dependence on defense budgets, and a share price that has been volatile since listing.
Who competes with Ralliant?
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In test and measurement it competes with Keysight, Teledyne, Rohde and Schwarz, and Emerson's National Instruments. In sensors and safety systems it overlaps with Sensata, TE Connectivity, Amphenol, and Novanta, and it shares end markets with diversified peers like Fortive, Vontier, and Roper.
Does Ralliant have exposure to defense?
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Yes. Ralliant has cited a defense backlog above $1 billion, driven partly by Pacific Scientific Energetic Materials, and received a $27.3 million Defense Production Act investment. Defense and electrification are demand themes management highlights, though they depend on government spending and program timing.
How can I invest in RAL through Walnut?
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In Walnut you can add RAL to a thematic basket alongside related precision-technology or industrial names, connect your existing brokerage, and place orders that move the basket toward your chosen target weights. Walnut is not an investment adviser and does not tell you whether to buy or sell; it helps you organize and track a thesis you define.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with Ralliant Corporation's investor relations page or your broker before making investment decisions.