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SALES | 12 Months Ended
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Dec. 31, 2025
Revenue from Contract with Customer [Abstract] |
SALES | NOTE 12. SALES Ralliant derives revenue primarily from the sale of products, with additional revenue from the sale of services. Revenue is recognized when control of promised products or services is transferred to customers in an amount that reflects the consideration the Company expects to be entitled to in exchange for those products or services. Product sales include revenue from the sale of products and equipment. Service sales include revenues from extended warranties, maintenance contracts or services, and services related to previously sold products. Contract Liabilities — The Company’s contract liabilities consist of deferred revenue generally related to customer deposits received in advance of performance under the contract, extended warranty sales, and product maintenance agreements, where the Company generally receives up-front payment and recognizes revenue over the service or support term. The Company classifies deferred revenue as current or noncurrent based on the timing of when it expects to recognize revenue. The noncurrent portion of deferred revenue is recorded within Other long-term liabilities in the accompanying Consolidated and Combined Balance Sheets. The Company’s contract liabilities as of December 31 consisted of the following:
| 2025 |  | 2024
Deferred revenue - current | $ | 154.6 |  |  | $ | 143.1 |
Deferred revenue - noncurrent | 38.7 |  |  | 35.8 |
Total contract liabilities | $ | 193.3 |  |  | $ | 178.9 |
For the year ended December 31, 2025, the Company recognized $98.5 million of revenue related to its contract liabilities at January 1, 2025. The change in the Company’s contract liabilities from December 31, 2024 to December 31, 2025 was primarily due to revenue recognized as products were delivered to customers. Remaining Performance Obligations — Ralliant’s remaining performance obligations represent the transaction price of firm, non-cancelable orders, for which work has not yet been performed. The Company has excluded performance obligations with an original expected duration of one year or less from the amounts below. The aggregate remaining performance obligations attributable to each of the Company’s segments as of December 31, 2025 is as follows:
Test and Measurement | $ | 55.6 |  |  |
Sensors and Safety Systems | 5.5 |  |  |
Total remaining performance obligations | $ | 61.1 |  |  |
The majority of remaining performance obligations are related to service and support contracts, which the Company expects to fulfill approximately 60% within the next two years, approximately 80% within the next three years, and substantially all within four years. Disaggregation of Revenue The Company disaggregates revenue from contracts with customers by geographic locations and end markets for each of its segments as the Company believes it best depicts how the nature, amount, timing, and uncertainty of its revenue and cash flows are affected by economic factors. For the years ended December 31, 2025, 2024, and 2023 no other country than those presented, had material sales individually. Disaggregation of revenue for the year ended December 31, 2025 was:
| Total |  | Test and Measurement |  | Sensors and Safety Systems
Geographic: |  |  |  |  |
United States | $ | 1,060.3 |  |  | $ | 283.9 |  |  | $ | 776.4 |
China | 299.2 |  |  | 177.5 |  |  | 121.7 |
All other | 709.3 |  |  | 340.1 |  |  | 369.2 |
Total | $ | 2,068.8 |  |  | $ | 801.5 |  |  | $ | 1,267.3 |
End markets: |  |  |  |  |
Diversified electronics | $ | 383.6 |  |  | $ | 383.6 |  |  | $ | — |
Communications | 254.3 |  |  | 254.3 |  |  | — |
Semiconductors | 163.6 |  |  | 163.6 |  |  | — |
Industrial manufacturing | 427.6 |  |  | — |  |  | 427.6 |
Defense and space | 355.4 |  |  | — |  |  | 355.4 |
Utilities | 305.7 |  |  | — |  |  | 305.7 |
Other | 178.6 |  |  | — |  |  | 178.6 |
Total | $ | 2,068.8 |  |  | $ | 801.5 |  |  | $ | 1,267.3 |
Disaggregation of revenue for the year ended December 31, 2024 was:
| Total |  | Test and Measurement |  | Sensors and Safety Systems
Geographic: |  |  |  |  |
United States | $ | 1,089.2 |  |  | $ | 332.9 |  |  | $ | 756.3 |
China | 322.7 |  |  | 214.7 |  |  | 108.0 |
All other | 742.8 |  |  | 389.9 |  |  | 352.9 |
Total | $ | 2,154.7 |  |  | $ | 937.5 |  |  | $ | 1,217.2 |
End markets: |  |  |  |  |
Diversified electronics | $ | 474.3 |  |  | $ | 474.3 |  |  | $ | — |
Communications | 274.9 |  |  | 274.9 |  |  | — |
Semiconductors | 188.3 |  |  | 188.3 |  |  | — |
Industrial manufacturing | 410.8 |  |  | — |  |  | 410.8 |
Defense and space | 340.2 |  |  | — |  |  | 340.2 |
Utilities | 273.0 |  |  | — |  |  | 273.0 |
Other | 193.2 |  |  | — |  |  | 193.2 |
Total | $ | 2,154.7 |  |  | $ | 937.5 |  |  | $ | 1,217.2 |
Disaggregation of revenue for the year ended December 31, 2023 was:
| Total |  | Test and Measurement |  | Sensors and Safety Systems
Geographic: |  |  |  |  |
United States | $ | 1,132.9 |  |  | $ | 357.8 |  |  | $ | 775.1 |
China | 359.2 |  |  | 247.3 |  |  | 111.9 |
All other | 663.6 |  |  | 336.2 |  |  | 327.4 |
Total | $ | 2,155.7 |  |  | $ | 941.3 |  |  | $ | 1,214.4 |
End markets: |  |  |  |  |
Diversified electronics | $ | 456.4 |  |  | $ | 456.4 |  |  | $ | — |
Communications | 300.6 |  |  | 300.6 |  |  | — |
Semiconductors | 184.3 |  |  | 184.3 |  |  | — |
Industrial manufacturing | 480.5 |  |  | — |  |  | 480.5 |
Defense and space | 285.3 |  |  | — |  |  | 285.3 |
Utilities | 233.1 |  |  | — |  |  | 233.1 |
Other | 215.5 |  |  | — |  |  | 215.5 |
Total | $ | 2,155.7 |  |  | $ | 941.3 |  |  | $ | 1,214.4 |

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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