Reliance, Inc. (RS)
Reliance, Inc. operates as a diversified metal solutions provider and metals service center company primarily in the United States and Canada. The company distributes metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and other specialty steel products; and provides metals processing services to consumer products, general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, industrial machinery, and heavy industries. It sells its products directly to original equipment manufacturers, which primarily include small machine shops and fabricators. The company was formerly known as Reliance Steel & Aluminum Co. and changed its name to Reliance, Inc. in February 2024. Reliance, Inc. was founded in 1939 and is based in Phoenix, Arizona.
- Symbol
- RS
- Exchange
- NYSE
- Sector
- Basic Materials
- Industry
- Steel
- Market cap
- $19.75B
- 52 week range
- 260.31 - 433.02
Valuation
- Share price
- $384.63 (close of 2026-09-23)
- P/E (TTM)
- 25.06x
- Price to book
- 2.77x
- Price to free cash flow
- 32.27x
- Enterprise value
- $21.53B
- Book value per share
- $139.71
Price performance
| Period | Change |
|---|
| 1 day | -0.01% |
| 5 days | -1.88% |
| 1 month | -0.84% |
| 3 months | -3.51% |
| 6 months | +31.83% |
| Year to date | +33.15% |
| 1 year | +35.91% |
| 3 years | +46.79% |
| 5 years | +166.39% |
| 10 years | +436.96% |
| All time | +10554.57% |
Profitability and growth
- Return on equity
- 10.30%
- Return on invested capital
- 9.02%
- Return on assets
- 7.13%
- Return on capital employed
- 10.63%
- Gross margin
- 26.72%
- Net margin
- 5.17%
- EBITDA margin
- 9.03%
- Revenue growth
- 3.32%
- Net income growth
- -15.52%
- Free cash flow growth
- -49.71%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 3.10%
- Current ratio
- 4.39x
- Net debt to EBITDA
- 1.18x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $14.29B
- Cost of revenue
- $10.47B
- Gross profit
- $3.82B
- EBITDA
- $1.29B
- Net income
- $739.40M
- Earnings per share
- $14.07
- Shares outstanding
- 52.55M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $14.29B | $3.82B | $739.40M | $14.07 |
| 2024-12-31 | $13.84B | $3.83B | $875.20M | $15.70 |
| 2023-12-31 | $14.81B | $4.30B | $1.34B | $22.90 |
| 2022-12-31 | $17.02B | $5.01B | $1.84B | $30.39 |
| 2021-12-31 | $14.09B | $4.26B | $1.42B | $22.35 |
| 2020-12-31 | $8.81B | $2.44B | $372.40M | $5.74 |
| 2019-12-31 | $10.97B | $3.11B | $706.10M | $10.49 |
| 2018-12-31 | $11.53B | $3.28B | $641.80M | $8.85 |
| 2017-12-31 | $9.72B | $2.79B | $621.00M | $8.42 |
| 2016-12-31 | $8.61B | $2.59B | $309.10M | $4.21 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 26.72% | 5.17% | 10.30% | 9.02% |
| 2024-12-31 | 27.66% | 6.33% | 12.10% | 10.78% |
| 2023-12-31 | 29.06% | 9.02% | 17.28% | 16.67% |
| 2022-12-31 | 29.43% | 10.83% | 25.99% | 24.66% |
| 2021-12-31 | 30.19% | 10.06% | 23.26% | 19.37% |
| 2020-12-31 | 27.69% | 4.23% | 7.27% | 7.32% |
| 2019-12-31 | 28.33% | 6.43% | 13.54% | 11.68% |
| 2018-12-31 | 28.45% | 5.56% | 13.72% | 10.79% |
| 2017-12-31 | 28.68% | 6.39% | 13.21% | 10.27% |
| 2016-12-31 | 30.07% | 3.59% | 7.40% | 6.64% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $216.60M | $1.42B |
| 2024-12-31 | $318.10M | $742.80M |
| 2023-12-31 | $1.08B | $1.14B |
| 2022-12-31 | $1.17B | $1.14B |
| 2021-12-31 | $300.50M | $1.64B |
| 2020-12-31 | $683.50M | $1.64B |
| 2019-12-31 | $174.30M | $1.52B |
| 2018-12-31 | $128.20M | $2.14B |
| 2017-12-31 | $154.40M | $1.81B |
| 2016-12-31 | $122.80M | $1.85B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $502.50M | $55.60M |
| 2024-12-31 | $999.20M | $56.80M |
| 2023-12-31 | $1.20B | $65.00M |
| 2022-12-31 | $1.78B | $65.30M |
| 2021-12-31 | $562.80M | $70.80M |
| 2020-12-31 | $1.00B | $42.20M |
| 2019-12-31 | $1.06B | $51.20M |
| 2018-12-31 | $424.70M | $45.50M |
| 2017-12-31 | $237.40M | $33.40M |
| 2016-12-31 | $471.60M | $24.40M |
Dividend history
- Most recent payment
- 2026-08-14
- Paid in the last twelve months
- $4.95
| Payment date | Dividend per share |
|---|
| 2026-08-14 | $1.25 |
| 2026-05-22 | $1.25 |
| 2026-03-06 | $1.25 |
| 2025-11-21 | $1.20 |
| 2025-08-15 | $1.20 |
| 2025-05-23 | $1.20 |
| 2025-03-07 | $1.20 |
| 2024-11-22 | $1.10 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-21
- Consensus EPS estimate
- $6.75
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-07-22 | Jun/2026 | $5.38 |
| 2026-04-22 | - | - |
| 2026-02-18 | - | - |
| 2025-10-22 | - | - |
| 2025-07-23 | - | - |
| 2025-04-23 | - | - |
| 2025-02-19 | - | - |
| 2024-10-24 | - | - |
Filings and sources
- Company website
- reliance.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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