NYSE : RS
Reliance, Inc. — Financial statements
Materials · Steel · United States
Last price 436.91 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 22.26B
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Financial statements
Reliance, Inc. (RS) reported revenue of 17.37B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 17.37B | 14.29B | 13.84B | 14.81B | 17.02B | 14.09B |
| Cost of Revenue | 12.47B | 10.17B | 9.72B | 10.26B | 11.77B | 9.59B |
| Gross Profit | 4.89B | 4.12B | 4.12B | 4.55B | 5.26B | 4.50B |
| Selling, General & Admin | 3.05B | 2.79B | 2.66B | 2.55B | 2.51B | 2.31B |
| Operating Expenses | 3.33B | 3.07B | 2.93B | 2.80B | 2.75B | 2.54B |
| Operating Income | 1.56B | 1.05B | 1.19B | 1.75B | 2.51B | 1.97B |
| Interest Expense | -67.50M | -55.70M | -40.30M | -40.10M | -62.30M | -62.70M |
| Interest & Investment Income | 4.50M | 4.50M | 20.70M | 35.20M | 9.30M | |
| Currency Exchange Gain (Loss) | -2.30M | -2.30M | 1.90M | -1.30M | -6.20M | -4.00M |
| Other Non Operating Income (Expenses) | -6.60M | -6.70M | 800.00K | -10.40M | 900.00K | |
| EBT Excluding Unusual Items | 1.49B | 994.20M | 1.17B | 1.74B | 2.44B | 1.90B |
| Merger & Restructuring Charges | -20.80M | -18.80M | -14.90M | -2.20M | -8.10M | -13.70M |
| Asset Writedown | -9.90M | -9.90M | -11.70M | -4.70M | ||
| Other Unusual Items | 3.70M | 3.70M | ||||
| Pretax Income | 1.47B | 969.20M | 1.14B | 1.74B | 2.43B | 1.88B |
| Income Tax Expense | 356.50M | 227.60M | 261.90M | 400.60M | 586.20M | 465.70M |
| Earnings From Continuing Operations | 1.11B | 741.60M | 878.00M | 1.34B | 1.84B | 1.42B |
| Minority Interest in Earnings | -2.30M | -2.20M | -2.80M | -4.20M | -4.10M | -4.40M |
| Net Income | 1.11B | 739.40M | 875.20M | 1.34B | 1.84B | 1.41B |
| Net Income to Common | 1.11B | 739.40M | 875.20M | 1.34B | 1.84B | 1.41B |
| Shares Outstanding (Basic) | 51.44M | 52.55M | 55.75M | 58.33M | 60.56M | 63.22M |
| Shares Outstanding (Diluted) | 51.77M | 52.88M | 56.25M | 59.02M | 61.49M | 64.33M |
| EPS (Basic) | 21.52 | 14.07 | 15.70 | 22.90 | 30.39 | 22.35 |
| EPS (Diluted) | 21.39 | 13.98 | 15.56 | 22.64 | 29.92 | 21.97 |
| Free Cash Flow | 491.90M | 502.50M | 999.20M | 1.20B | 1.78B | 562.80M |
| Free Cash Flow Per Share | 9.50 | 9.50 | 17.77 | 20.38 | 28.89 | 8.75 |
| Dividend Per Share | 4.95 | 4.80 | 4.40 | 4.00 | 3.50 | 2.75 |
| Gross Margin | 28.17% | 28.82% | 29.76% | 30.71% | 30.89% | 31.96% |
| Operating Margin | 9.01% | 7.33% | 8.61% | 11.81% | 14.73% | 13.96% |
| Profit Margin | 6.38% | 5.17% | 6.33% | 9.02% | 10.81% | 10.03% |
| Free Cash Flow Margin | 2.83% | 3.52% | 7.22% | 8.12% | 10.44% | 3.99% |
| EBITDA | 1.84B | 1.33B | 1.46B | 1.99B | 2.75B | 2.20B |
| EBITDA Margin | 10.61% | 9.28% | 10.54% | 13.46% | 16.14% | 15.59% |
| D&A For EBITDA | 278.10M | 278.20M | 267.20M | 244.90M | 240.20M | 230.20M |
| EBIT | 1.56B | 1.05B | 1.19B | 1.75B | 2.51B | 1.97B |
| EBIT Margin | 9.01% | 7.33% | 8.61% | 11.81% | 14.73% | 13.96% |
| Effective Tax Rate | 24.32% | 23.48% | 22.98% | 23.01% | 24.12% | 24.73% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 246.00M | 216.60M | 318.10M | 1.08B | 1.17B | 300.50M |
| Cash & Short-Term Investments | 246.00M | 216.60M | 318.10M | 1.08B | 1.17B | 300.50M |
| Accounts Receivable | 2.48B | 1.54B | 1.34B | 1.47B | 1.57B | 1.68B |
| Other Receivables | 4.80M | 31.20M | 60.40M | 35.60M | 36.60M | |
| Receivables | 2.48B | 1.57B | 1.40B | 1.51B | 1.60B | 1.68B |
| Inventory | 2.48B | 2.19B | 2.03B | 2.04B | 2.00B | 2.06B |
| Prepaid Expenses | 169.70M | 165.60M | 148.20M | 140.40M | 115.60M | 111.60M |
| Total Current Assets | 5.38B | 4.14B | 3.90B | 4.77B | 4.89B | 4.16B |
| Property, Plant & Equipment | 2.99B | 2.95B | 2.82B | 2.48B | 2.19B | 2.06B |
| Goodwill | 2.17B | 2.17B | 2.16B | 2.11B | 2.11B | 2.11B |
| Other Intangible Assets | 935.70M | 960.10M | 1.01B | 981.10M | 1.02B | 1.08B |
| Other Long-Term Assets | 133.00M | 153.70M | 137.20M | 136.30M | 126.80M | 129.20M |
| Total Assets | 11.62B | 10.37B | 10.02B | 10.48B | 10.33B | 9.54B |
| Accounts Payable | 649.40M | 375.20M | 361.90M | 410.30M | 412.40M | 453.90M |
| Accrued Expenses | 509.70M | 404.50M | 390.00M | 376.80M | 402.20M | 483.20M |
| Current Portion of Long-Term Debt | 700.00K | 399.70M | 300.00K | 508.20M | 5.00M | |
| Current Portion of Leases | 67.90M | 67.70M | 61.40M | 56.20M | 52.50M | 58.60M |
| Current Income Taxes Payable | 80.10M | 64.30M | ||||
| Total Current Liabilities | 1.31B | 848.10M | 1.21B | 843.60M | 1.38B | 1.06B |
| Long-Term Debt | 1.64B | 1.42B | 742.80M | 1.14B | 1.14B | 1.64B |
| Long-Term Leases | 259.00M | 250.90M | 214.20M | 178.90M | 165.20M | 162.50M |
| Pension & Post-Retirement Benefits | 27.10M | 24.90M | 26.90M | 25.10M | 26.10M | 37.80M |
| Long-Term Deferred Tax Liabilities | 574.10M | 575.60M | 537.50M | 494.00M | 476.60M | 484.80M |
| Other Long-Term Liabilities | 75.10M | 74.10M | 56.80M | 64.00M | 51.40M | 50.20M |
| Total Liabilities | 3.88B | 3.19B | 2.79B | 2.75B | 3.23B | 3.44B |
| Common Stock | 100.00K | 100.00K | 100.00K | 100.00K | 100.00K | 100.00K |
| Retained Earnings | 7.81B | 7.26B | 7.33B | 7.80B | 7.17B | 6.16B |
| Comprehensive Income & Other | -89.50M | -87.60M | -115.20M | -76.70M | -86.30M | -68.90M |
| Total Common Equity | 7.72B | 7.17B | 7.22B | 7.72B | 7.09B | 6.09B |
| Minority Interest | 9.70M | 9.40M | 11.00M | 10.50M | 8.50M | 7.20M |
| Shareholders' Equity | 7.73B | 7.18B | 7.23B | 7.73B | 7.10B | 6.09B |
| Total Liabilities & Equity | 11.62B | 10.37B | 10.02B | 10.48B | 10.33B | 9.54B |
| Total Debt | 1.97B | 1.74B | 1.42B | 1.38B | 1.87B | 1.87B |
| Net Cash (Debt) | -1.72B | -1.52B | -1.10B | -297.10M | -691.90M | -1.57B |
| Net Cash Per Share | -33.22 | -28.80 | -19.56 | -5.03 | -11.25 | -24.37 |
| Filing Date Shares Outstanding | 50.94M | 51.73M | 52.97M | 57.43M | 58.98M | 61.70M |
| Total Common Shares Outstanding | 50.94M | 51.73M | 53.72M | 57.27M | 58.79M | 61.81M |
| Working Capital | 4.07B | 3.29B | 2.68B | 3.93B | 3.51B | 3.10B |
| Book Value Per Share | 151.62 | 138.59 | 134.41 | 134.84 | 120.56 | 98.48 |
| Tangible Book Value | 4.61B | 4.04B | 4.05B | 4.63B | 3.96B | 2.90B |
| Tangible Book Value Per Share | 90.58 | 78.09 | 75.41 | 80.85 | 67.39 | 46.94 |
| Land | 314.70M | 299.50M | 297.20M | 281.70M | 262.70M | 260.10M |
| Buildings | 1.88B | 1.80B | 1.69B | 1.51B | 1.36B | 1.28B |
| Machinery | 2.89B | 2.84B | 2.64B | 2.44B | 2.45B | 2.24B |
| Construction In Progress | 230.00M | 243.40M | 297.00M | 264.90M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 1.11B | 739.40M | 875.20M | 1.34B | 1.84B | 1.41B |
| Depreciation & Amortization | 278.10M | 278.20M | 267.20M | 244.90M | 240.20M | 230.20M |
| Asset Writedown & Restructuring Costs | 11.90M | 9.90M | 13.20M | 500.00K | 4.70M | |
| Stock-Based Compensation | 68.00M | 55.60M | 56.80M | 65.00M | 65.30M | 70.80M |
| Provision & Write-off of Bad Debts | 3.00M | 3.00M | 2.20M | 3.50M | 3.40M | 9.80M |
| Other Operating Activities | 44.40M | 26.60M | 49.30M | 19.60M | 24.60M | -19.40M |
| Change in Accounts Receivable | -803.00M | -195.40M | 167.40M | 95.60M | 105.70M | -656.10M |
| Change in Inventory | -172.70M | -154.80M | 116.80M | -41.50M | 58.90M | -505.90M |
| Change in Accounts Payable | 262.80M | -6.90M | -145.50M | -89.50M | -237.00M | 226.10M |
| Change in Other Net Operating Assets | 2.00M | 75.80M | 27.20M | 37.30M | 17.40M | 26.20M |
| Operating Cash Flow | 801.70M | 831.40M | 1.43B | 1.67B | 2.12B | 799.40M |
| Capital Expenditures | -309.80M | -328.90M | -430.60M | -468.80M | -341.80M | -236.60M |
| Sale of Property, Plant & Equipment | 19.60M | 17.20M | 4.70M | 11.10M | 10.90M | 36.00M |
| Cash Acquisitions | -2.80M | -364.60M | -24.00M | -439.30M | ||
| Other Investing Activities | -14.80M | -7.30M | -13.20M | -2.20M | -17.60M | -12.40M |
| Investing Cash Flow | -305.00M | -321.80M | -803.70M | -483.90M | -348.50M | -652.30M |
| Long-Term Debt Issued | 2.70B | 663.00M | 20.00M | |||
| Total Debt Issued | 2.89B | 2.70B | 663.00M | 20.00M | ||
| Short-Term Debt Repaid | -2.20M | -2.20M | -800.00K | |||
| Long-Term Debt Repaid | -2.42B | -663.30M | -506.10M | -300.00K | -20.70M | |
| Total Debt Repaid | -2.63B | -2.42B | -663.30M | -508.30M | -2.50M | -21.50M |
| Net Debt Issued (Repaid) | 256.00M | 276.70M | -300.00K | -508.30M | -2.50M | -1.50M |
| Repurchase of Common Stock | -505.80M | -622.00M | -1.14B | -533.60M | -670.00M | -344.70M |
| Common Dividends Paid | -257.70M | -254.70M | -249.70M | -238.10M | -217.10M | -177.00M |
| Other Financing Activities | -6.20M | -20.20M | 10.10M | -2.30M | -3.00M | -5.70M |
| Financing Cash Flow | -513.70M | -620.20M | -1.38B | -1.28B | -892.60M | -528.90M |
| Foreign Exchange Rate Adjustments | 1.80M | 9.10M | -11.80M | 1.70M | -4.60M | -1.20M |
| Net Cash Flow | -15.20M | -101.50M | -762.10M | -93.20M | 872.90M | -383.00M |
| Free Cash Flow | 491.90M | 502.50M | 999.20M | 1.20B | 1.78B | 562.80M |
| Free Cash Flow Margin | 2.83% | 3.52% | 7.22% | 8.12% | 10.44% | 3.99% |
| Free Cash Flow Per Share | 9.50 | 9.50 | 17.77 | 20.38 | 28.89 | 8.75 |
| Levered Free Cash Flow | 252.47M | 305.60M | 691.52M | 902.83M | 1.45B | 269.88M |
| Unlevered Free Cash Flow | 294.66M | 340.41M | 716.71M | 927.89M | 1.49B | 309.06M |
| Cash Interest Paid | 66.10M | 54.70M | 37.80M | 41.80M | 59.70M | 59.10M |
| Cash Income Tax Paid | 261.60M | 163.70M | 244.90M | 386.30M | 692.40M | 444.40M |
| Change in Working Capital | -710.90M | -281.30M | 165.90M | 1.90M | -55.00M | -909.70M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 22.92B | 15.10B | 14.57B | 16.07B | 11.88B | 10.16B |
| Enterprise Value | 24.64B | 16.54B | 15.81B | 16.48B | 13.11B | 11.38B |
| Last Close Price | 436.91 | 285.88 | 261.99 | 268.23 | 191.20 | 150.45 |
| PE Ratio | 21.04 | 20.43 | 16.65 | 12.03 | 6.46 | 7.19 |
| Forward PE | 16.36 | 18.52 | 17.07 | 15.13 | 9.92 | 9.28 |
| PS Ratio | 1.30 | 1.06 | 1.05 | 1.09 | 0.70 | 0.72 |
| PB Ratio | 2.88 | 2.10 | 2.02 | 2.08 | 1.67 | 1.67 |
| P/TBV Ratio | 4.91 | 3.74 | 3.60 | 3.47 | 3.00 | 3.50 |
| P/FCF Ratio | 46.04 | 30.06 | 14.58 | 13.37 | 6.69 | 18.06 |
| P/OCF Ratio | 28.25 | 18.17 | 10.19 | 9.62 | 5.61 | 12.71 |
| PEG Ratio | 0.84 | 1.73 | 0.42 | 0.42 | 0.42 | 0.54 |
| EV/Sales Ratio | 1.40 | 1.16 | 1.14 | 1.11 | 0.77 | 0.81 |
| EV/EBITDA Ratio | 13.22 | 12.48 | 10.84 | 8.27 | 4.77 | 5.18 |
| EV/EBIT Ratio | 15.57 | 15.79 | 13.27 | 9.43 | 5.23 | 5.78 |
| EV/FCF Ratio | 49.54 | 32.92 | 15.82 | 13.71 | 7.38 | 20.22 |
| Debt / Equity Ratio | 0.25 | 0.24 | 0.20 | 0.18 | 0.26 | 0.31 |
| Debt / EBITDA Ratio | 1.00 | 1.21 | 0.91 | 0.66 | 0.66 | 0.82 |
| Debt / FCF Ratio | 4.00 | 3.46 | 1.42 | 1.15 | 1.05 | 3.32 |
| Net Debt / Equity Ratio | 0.22 | 0.21 | 0.15 | 0.04 | 0.10 | 0.26 |
| Net Debt / EBITDA Ratio | 0.93 | 1.15 | 0.75 | 0.15 | 0.25 | 0.71 |
| Net Debt / FCF Ratio | 3.50 | 3.03 | 1.10 | 0.25 | 0.39 | 2.79 |
| Asset Turnover | 1.57 | 1.40 | 1.35 | 1.42 | 1.71 | 1.60 |
| Inventory Turnover | 5.21 | 4.83 | 4.78 | 5.08 | 5.79 | 5.50 |
| Quick Ratio | 2.09 | 2.11 | 1.42 | 3.07 | 2.02 | 1.86 |
| Current Ratio | 4.12 | 4.88 | 3.21 | 5.66 | 3.55 | 3.91 |
| Return on Equity (ROE) | 14.74% | 10.29% | 11.73% | 18.07% | 27.96% | 25.27% |
| Return on Assets (ROA) | 8.82% | 6.42% | 7.26% | 10.50% | 15.78% | 13.94% |
| Return on Invested Capital (ROIC) | 12.72% | 9.41% | 11.21% | 17.02% | 24.64% | 21.23% |
| Return on Capital Employed (ROCE) | 15.20% | 11.00% | 13.50% | 18.10% | 28.00% | 23.20% |
| Earnings Yield | 4.75% | 4.90% | 6.01% | 8.31% | 15.49% | 13.90% |
| FCF Yield | 2.17% | 3.33% | 6.86% | 7.48% | 14.95% | 5.54% |
| Dividend Yield | 1.11% | 1.64% | 1.62% | 1.43% | 1.73% | 1.67% |
| Payout Ratio | 23.38% | 34.45% | 28.53% | 17.82% | 11.80% | 12.53% |
| Buyback Yield / Dilution | 3.08% | 5.99% | 4.69% | 4.03% | 4.40% | 1.43% |
| Total Shareholder Return | 4.22% | 7.64% | 6.31% | 5.46% | 6.13% | 3.11% |