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.

Ticker: RS
Exchange: NYSE
Sector: Basic Materials
Industry: Steel
Market cap: $21.24B
52-week range: $263.12 - $454.93

Valuation

Share price: $417.00 (close of Nov 6, 2026)
P/E (TTM): 19.29x
Price to book: 2.75x
Price to free cash flow: 43.19x
Enterprise value: $22.96B
Book value per share: $151.81

Price performance

Period	Change
1 day	+0.71%
5 days	-4.56%
1 month	+3.86%
3 months	-0.27%
6 months	+10.76%
Year to date	+44.36%
1 year	+51.85%
3 years	+56.84%
5 years	+155.37%
10 years	+511.62%
All time	+11,447.69%

Short interest

As of: Oct 15, 2026
Short % of float: 3.10%
Shares short: 1.16M
Days to cover: 4.74
Change since prior report: -8.03%
Source: FINRA consolidated short interest

Members of Congress who disclosed RS trades

Lisa McClain · Julie Johnson

Super investors holding RS

Yacktman Asset Mgmt (Yacktman Asset Management LP) · Ken Griffin (Citadel) · First Eagle Investment (First Eagle Investment Management, LLC)

Profitability and growth

Return on equity: 10.30%
Return on invested capital: 8.80%
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): 2.32%
Current ratio: 4.12x
Net debt to EBITDA: 0.90x

Latest reported year

Period end: Dec 31, 2025
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
Interest expense: $55.70M
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%	8.80%
2024-12-31	27.66%	6.33%	12.10%	10.38%
2023-12-31	29.06%	9.02%	17.28%	14.70%
2022-12-31	29.43%	10.83%	25.99%	21.43%
2021-12-31	30.19%	10.06%	23.26%	18.64%
2020-12-31	27.69%	4.23%	7.27%	6.60%
2019-12-31	28.33%	6.43%	13.54%	11.39%
2018-12-31	28.45%	5.56%	13.72%	10.59%
2017-12-31	28.68%	6.39%	13.21%	10.03%
2016-12-31	30.07%	3.59%	7.40%	6.51%

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: Aug 14, 2026
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

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-10-21	Sep 2026	$6.76
2026-07-22	Jun 2026	$5.38
2026-04-22	Mar 2026	$4.63
2026-02-18	Dec 2025	$2.80
2025-10-22	Sep 2025	$3.68
2025-07-23	Jun 2025	$4.72
2025-04-23	Mar 2025	$3.66
2025-02-19	Dec 2024	$2.74

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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