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Stock research / United States / RS · Wholesale-Metals Service Centers & Of Fices · NYSE

Reliance, Inc. (RS)

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Reliance, Inc. (RS) reported revenue of $4.6 billion for Q2 FY2026, the quarter ended 30 June 2026, up 26.5% on the same quarter a year earlier. Net income was $323 million, up 38.2% on the year, and diluted earnings per share $6.29. The figures are the company's own, from the 10-Q it filed with the SEC on 28 July 2026.

Revenue$4.6 billionup 26.5%
Net income$323 millionup 38.2%
Diluted EPS$6.29
QuarterQ2 FY2026ended 30 June 2026

Reliance (RS) in brief

Reliance (RS) reported revenue of $14.3 billion for fiscal 2025, the year ended 31 December 2025, up 3.3% on the year before.
Read moreNet income was $739 million and diluted earnings per share $13.98. Revenue was $13.8 billion in fiscal 2024, $14.8 billion in fiscal 2023, $17.0 billion in fiscal 2022 and $14.1 billion in fiscal 2021. Net income in the same years was $875 million, $1.3 billion, $1.8 billion and $1.4 billion. Over the twelve months to 30 June 2026, Reliance reported revenue of $15.8 billion and net income of $894 million. Revenue grew 10.2% a year, compounded, over the five years to fiscal 2025. Reliance declared $4.80 a share in dividends over the last four quarters and had 51 million shares outstanding at the latest filed count. At 30 June 2026 it carried $1.7 billion of debt and $235 million of cash. At the close of 8 October 2026 the market cap of Reliance was $20.3 billion, 23.1 times its earnings over the last twelve months.

Ratios

From the filings

ROE12.1%
ROCE13.6%
Operating margin7.8%
Net margin5.7%
FCF margin3.4%
Interest cover19.46
Debt to equity0.22
Cash conversion0.95
Share count, 1 year-2.9%
Sales CAGR, 3 years-5.7%
Profit CAGR, 3 years-26.2%
EPS, TTM$17.20

At the close of 8 October 2026

Price$396.91
Market cap$20.3 billion
Stock P/E23.08
Price to book2.74
EV / EBITDA14.33
Dividend yield1.2%
Market cap / sales1.28
52-week high$428.49
52-week low$265.93
Price, 1 year41.1%
Price CAGR, 3 years14.8%
Price CAGR, 5 years22.9%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on long-term debt as Reliance, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
RSgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on RS

Filings15 in twelve months: 5 current reports (8-K), about 4 results of operations; 1 shareholder vote; 1 officer or director change
Planned insider sales10 Form 144 notices in twelve months, $16.3 million; latest 21 August 2026
Options tapeput/call 0.55 by open interest at the 8 October 2026 close; the straddle prices a 3.0% move to 16 October 2026
13F holders7 of the followed funds hold it; largest Geode Capital Management; 5 Schedule 13D or 13G filings in twelve months
Insider trading17 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest1.2 million shares short, 4.32 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue3,6233,3373,6453,6433,4203,1273,4853,6603,6513,4994,0264,630
Cost of revenue2,5462,3162,5172,5572,4142,2402,4512,5722,6202,5442,8543,330
Gross profit1,0771,0221,1281,0861,0068861,0331,0881,0329551,1721,300
Gross margin30%31%31%30%29%28%30%30%28%27%29%28%
SG&A627634672668665662690706701709735789
Operating income390325393352273142274312260166368442
Operating margin11%10%11%10%8%5%8%9%7%5%9%10%
Interest expense9.79.89.79.710.910.011.514.314.415.515.418.2
Pre-tax income388333396350260134262304248155350430
Tax rate24%18%23%23%23%21%24%23%23%24%24%25%
Net income295273303268199105200234190116265323
Net margin8%8%8%7%6%3%6%6%5%3%7%7%
Diluted EPS$4.99$4.70$5.23$4.67$3.61$1.93$3.74$4.42$3.59$2.22$5.10$6.29
Operating cash flow46652612636646447364.5229262276151162
Capital expenditure12611010998.211311186.987.681.273.264.293.4
Free cash flow34041517.6268351362-22.414118120387.268.8
Buybacks126240n/an/a432n/a25379.960.92002340.0
Dividends paid58.5n/a63.262.5n/an/an/an/an/an/an/an/a
Shares outstanding58m57m57m56m54m54m53m53m52m52m51m51m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015 †FY2016 †FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue10,4529,3508,6139,72111,53410,9748,81214,09317,02514,80613,83514,29415,806
Cost of revenue7,8316,8046,0236,9338,2537,6446,0379,60311,77410,2599,72810,18711,347
Gross profit2,6212,5472,5902,7883,2823,3292,7754,4905,2514,5474,1074,1084,459
Gross margin25.1%27.2%30.1%28.7%28.4%30.3%31.5%31.9%30.8%30.7%29.7%28.7%28.2%
Selling, general and administrative1,7901,7281,7981,9032,0922,0951,8742,3062,5042,5622,6662,8072,935
Operating income6175505186629381,0145661,9492,5071,7401,1601,0131,236
Operating margin5.9%5.9%6.0%6.8%8.1%9.2%6.4%13.8%14.7%11.7%8.4%7.1%7.8%
Interest expense81.984.384.673.986.285.062.962.762.340.140.355.763.5
Pre-tax income5464594295848519294781,8832,4301,7411,1409691,182
Income tax170142120-37.2209223106466586401262228286
Effective tax rate31.1%31.1%28.0%-6.4%24.5%24.0%22.1%24.7%24.1%23.0%23.0%23.5%24.2%
Net income3723123046136347023691,4131,8401,336875739894
Net margin3.6%3.3%3.5%6.3%5.5%6.4%4.2%10.0%10.8%9.0%6.3%5.2%5.7%
Diluted EPS$4.73$4.16$4.16$8.34$8.75$10.34$5.66$21.97$29.92$22.64$15.56$13.98$17.20
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by product or service

FY2023FY2024FY2025Share
latest year
Carbon steel8,0727,5767,90355.3%
Aluminum2,4562,2942,47217.3%
Stainless steel2,3372,0691,94913.6%
Toll processing and logistics6116246474.5%
Alloy7056386414.5%
Copper and brass3053113772.6%
Miscellaneous and eliminations3213243062.1%
Carbon steelAluminumStainless steelToll processing and logisticsAlloyCopper and brassMiscellaneous and eliminations
14.8FY202313.8FY202414.3FY2025

$ billion; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014 †FY2015 †FY2016 †FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow3561,0256263996651,3021,1737992,1191,6711,430831852
Capital expenditure190172155162240242172237342469431329312
Free cash flow1668534722374251,0591,0015631,7771,202999502540
Free cash flow margin1.6%9.1%5.5%2.4%3.7%9.7%11.4%4.0%10.4%8.1%7.2%3.5%3.4%
Cash from investingn/a-170-505-179-281-419-188-652-348-484-804-322-310
Cash from financingn/a-848-100-198-404-841-483-529-893-1,282-1,376-620-544
Depreciation and amortisation214218222218215219227230240245269278278
Share-based compensation22.821.324.433.445.551.242.270.865.365.056.855.664.2
Buybacks50.0356n/a25.048550.03373246304801,094594495
Dividends paid109n/an/an/an/an/an/an/an/an/an/an/an/a
Dividend per share$1.40$1.60$1.65$1.80$2.00$2.20$2.50$2.75$3.50$4.00$4.40$4.80n/a
Diluted shares, weighted79m75m73m74m72m68m65m64m61m59m56m53m51m
Shares outstanding at period end77m72m73m73m67m67m64m62m59m57m54m52m51m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015 †FY2016 †FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity4,0993,9144,1494,6674,6725,2075,1156,0867,0877,7227,2207,1707,402
Non-controlling interest28.928.630.332.87.97.57.37.28.510.511.09.49.7
Debt2,3191,9421,9451,9142,2141,5961,6641,6621,6601,1517431,4201,664
Operating lease liabilitiesn/an/an/an/an/a150154162165179214251264
Other liabilities1,3901,2371,2871,1371,1511,1711,1661,6171,4091,4171,8341,5231,826
Total liabilities and equity7,8377,1227,4117,7518,0458,1318,1079,53610,33010,48010,02210,37311,165
Owned
Fixed assets1,6561,6361,6621,6561,7301,7951,7921,8371,9752,2482,5452,6332,652
Goodwill1,7361,7251,8271,8431,8712,0041,9352,1082,1062,1112,1622,1702,174
Intangible assets1,2271,1251,1511,1121,0721,0319471,0781,0209811,007960945
Cash and equivalents1061041231541281746843001,1731,080318217235
Receivables1,1459179601,0871,2421,0689261,6831,5661,4721,3421,5402,210
Inventory1,7521,4361,5331,7261,8171,6461,4202,0651,9952,0432,0272,1882,325
Other assets214179155172185413402465495544621666623
Total assets7,8377,1227,4117,7518,0458,1318,1079,53610,33010,48010,02210,37311,165
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded4.3%10.2%-5.7%15.4%
Profit growth, compounded9.0%14.9%-26.2%21.1%
Return on equity, average14.4%17.8%13.2%10.3%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Wholesale

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Ferguson Enterprises Inc. FERG$41.9 billion24.0528.5%8.2%3.4%0.721.6%
Sysco Corp. SYY$37.5 billion21.3765.9%3.7%3.9%4.622.8%
TD Synnex Corp. SNX$21.3 billion16.3014.3%2.7%24.1%0.390.7%
US Foods Holding Corp. USFD$21.0 billion29.8817.0%3.1%3.8%1.19n/a
Reliance, Inc. RS$20.3 billion23.0812.1%7.8%15.4%0.221.2%
Genuine Parts Co. GPC$17.7 billion512.680.7%3.7%5.5%0.883.2%
Wesco International Inc. WCC$17.3 billion24.6013.6%5.4%12.5%1.13n/a
Performance Food Group Co. PFGC$14.8 billion41.367.3%1.3%7.2%1.02n/a
Applied Industrial Technologies Inc. AIT$12.2 billion30.3022.3%11.1%8.8%0.140.6%
Arrow Electronics, Inc. ARW$11.5 billion14.4911.6%3.4%26.1%0.29n/a
Watsco Inc. WSO$10.8 billion24.1815.9%9.4%-3.0%0.044.1%
Dominos Pizza Inc. DPZ$10.2 billion17.78n/a19.6%6.2%n/a2.3%
All 22 in Wholesale
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Mckesson Corp. MCK$108.5 billion24.89n/a1.6%8.8%n/a0.3%
TE Connectivity plc TEL$62.0 billion21.0122.8%19.7%16.5%0.421.3%
Cencora, Inc. COR$61.3 billion23.8786.0%0.9%5.1%3.840.7%
W.W. Grainger, Inc. GWW$59.8 billion32.3545.3%14.6%7.8%0.580.7%
Cardinal Health Inc. CAH$55.6 billion33.01n/a1.0%14.2%n/a0.9%
Ferguson Enterprises Inc. FERG$41.9 billion24.0528.5%8.2%3.4%0.721.6%
Sysco Corp. SYY$37.5 billion21.3765.9%3.7%3.9%4.622.8%
TD Synnex Corp. SNX$21.3 billion16.3014.3%2.7%24.1%0.390.7%
US Foods Holding Corp. USFD$21.0 billion29.8817.0%3.1%3.8%1.19n/a
Reliance, Inc. RS$20.3 billion23.0812.1%7.8%15.4%0.221.2%
Genuine Parts Co. GPC$17.7 billion512.680.7%3.7%5.5%0.883.2%
Wesco International Inc. WCC$17.3 billion24.6013.6%5.4%12.5%1.13n/a
Performance Food Group Co. PFGC$14.8 billion41.367.3%1.3%7.2%1.02n/a
Applied Industrial Technologies Inc. AIT$12.2 billion30.3022.3%11.1%8.8%0.140.6%
Arrow Electronics, Inc. ARW$11.5 billion14.4911.6%3.4%26.1%0.29n/a
Watsco Inc. WSO$10.8 billion24.1815.9%9.4%-3.0%0.044.1%
Dominos Pizza Inc. DPZ$10.2 billion17.78n/a19.6%6.2%n/a2.3%
Henry Schein Inc. HSIC$9.5 billion24.6712.8%5.0%6.5%0.73n/a
Avnet Inc. AVT$8.2 billion24.956.7%2.6%24.5%0.641.4%
Core & Main, Inc. CNM$7.8 billion16.6122.6%9.6%-0.5%1.20n/a
MSC Industrial Direct Co. Inc. MSM$7.2 billion31.1416.3%8.5%4.4%0.361.7%
Ashland Inc. ASH$3.2 billion62.012.7%7.4%-1.4%0.732.3%
No other company here shares its SEC industry code (Wholesale-Metals Service Centers & Of Fices); these are the names nearest in size in its wider industry, Wholesale, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202628 July 2026EDGAR
10-Q31 March 202629 April 2026EDGAR
10-K31 December 202526 February 2026EDGAR
10-Q30 September 202528 October 2025EDGAR
10-Q30 June 202530 July 2025EDGAR
10-Q31 March 20251 May 2025EDGAR
10-K31 December 202427 February 2025EDGAR
10-Q30 September 202431 October 2024EDGAR
10-Q30 June 20241 August 2024EDGAR
10-Q31 March 20242 May 2024EDGAR

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