What is RAL's test and measurement — goodwill impairment?

RAL (RAL) reported test and measurement — goodwill impairment of $360.43M in Q4 2025.

What does test and measurement — goodwill impairment mean?

A non-cash charge recorded when the carrying value of goodwill associated with the Test and Measurement segment exceeds its implied fair value. This indicates that previous acquisitions in this segment are not performing as expected or that market conditions have deteriorated.

RAL RAL Test and Measurement — Goodwill impairment

Other segment segments

Sensors and Safety Systems

$0—

Similar metrics at other companies

ITWTestand Measurementand Electronics — Cumulative goodwill impairment charges, December 31, 2025

$83M0.0%

ITWTestand Measurementand Electronics — Goodwill

$1.88B+5.8%

TERProduct Test — Goodwill Impaired Accumulated Impairment Loss

$502.03M0.0%

SPXCDetection and Measurement reportable segment — Goodwill, Impairment Loss

$0—

TERSemiconductor Test — Goodwill Impaired Accumulated Impairment Loss

$260.54M0.0%

TERProduct Test — Goodwill

$101.56M+449%

Other financials

Income statement

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Revenue$534.6M+11.0%

Gross profit$272.3M+11.9%

Operating income$68.1M-7.7%

Net income$44.2M-30.8%

EPS (diluted)$0.39-31.6%

Balance sheet

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Cash & equivalents$268.0M—

Total debt$1.2B—

Total equity$1.6B-59.3%

Total assets$3.7B—

Cash flow

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Operating cash flow$19.1M-73.5%

CapEx$8.7M+55.4%

Free cash flow$10.4M-84.3%

Valuation

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Market cap$7.63B—

Enterprise value$8.59B—

P/S3.6×—

Profitability

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Gross margin50.4%-1.1pp

Operating margin-56%-74.8pp

Net margin-58.6%-73.0pp

FCF margin14.3%—

Returns & leverage

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Return on equity-45.9%-53.6pp

Debt / equity0.8×—

Current ratio1.6×—

Where this comes from

Reported directly by RAL in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The official record: RAL’s 10-K, filed February 26, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is RAL's test and measurement — goodwill impairment?: RAL (RAL) reported test and measurement — goodwill impairment of $360.43M in Q4 2025.
What does test and measurement — goodwill impairment mean?: A non-cash charge recorded when the carrying value of goodwill associated with the Test and Measurement segment exceeds its implied fair value. This indicates that previous acquisitions in this segment are not performing as expected or that market conditions have deteriorated.