Reliance, Inc. (RS) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$5.47	$6.27	+14.6%	—	—	—
Q4 26	$4.66	$5.16	+10.7%	—	—	—
Q3 26	$2.82	$2.4	-14.9%	—	—	—
Q2 26	$3.73	$3.64	-2.4%	—	—	—
Q1 26	$4.71	$4.43	-5.9%	—	—	—
Q4 25	$3.69	$3.77	+2.2%	—	—	—
Q3 25	$2.73	$2.22	-18.7%	—	—	—
Q2 25	$3.66	$3.64	-0.5%	—	—	—
Q1 25	$4.72	$4.65	-1.5%	—	—	—
Q4 24	$5.51	$5.3	-3.8%	—	—	—
Q3 24	$3.91	$4.73	+21.0%	—	—	—
Q2 24	$4.94	$5	+1.2%	—	—	—
Q1 24	$6.54	$6.49	-0.8%	—	—	—
Q4 23	$5.68	$6.37	+12.1%	—	—	—
Q3 23	$4.47	$5.87	+31.3%	—	—	—
Q2 23	$6.19	$6.48	+4.7%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$14.1	—	—	$14.3B	—
FY24	—	$15.7	—	—	$13.8B	—
FY23	—	$22.9	—	—	$14.8B	—
FY22	—	$30.4	—	—	$17B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$8.6B	$9.7B	$11.5B	$11B	$8.8B	$14.1B	$17B	$14.8B	$13.8B	$14.3B
YoY change	-7.88%	+12.9%	+18.7%	-4.86%	-19.7%	+59.9%	+20.8%	-13%	-6.56%	+3.32%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	8.6B	9.7B	11.5B	11B	8.8B	14.1B	17B	14.8B	13.8B	14.3B
Cost of revenue	6B	6.9B	8.3B	7.6B	6B	9.6B	11.8B	10.3B	9.7B	10.2B
Gross profit	2.6B	2.8B	3.3B	3.3B	2.8B	4.5B	5.3B	4.5B	4.1B	4.1B
Gross margin	30.1%	28.7%	28.4%	30.3%	31.5%	31.9%	30.8%	30.7%	29.7%	28.7%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	1.8B	1.9B	2.1B	2.1B	1.9B	2.3B	2.5B	2.6B	2.7B	2.8B
Operating expenses	1.8B	1.9B	2.1B	2.1B	1.9B	2.3B	2.5B	2.6B	2.7B	2.8B
Operating income	559.3M	655.1M	962.4M	1B	660.4M	1.9B	2.5B	1.7B	1.2B	1B
Operating margin	6.49%	6.74%	8.34%	9.13%	7.49%	13.8%	14.6%	11.6%	8.34%	7.02%
Non-operating income, net	16.6M	69.1M	44.5M	86.3M	-40.8M	91M	83.8M	121.4M	108.9M	125.9M
Pretax income	429.2M	583.8M	850.6M	929.3M	478.2M	1.9B	2.4B	1.7B	1.1B	969.2M
Income tax	120.1M	-37.2M	208.8M	223.2M	105.8M	465.7M	586.2M	400.6M	261.9M	227.6M
Net income	309.1M	621M	641.8M	706.1M	372.4M	1.4B	1.8B	1.3B	878M	741.6M
Net margin	3.59%	6.39%	5.56%	6.43%	4.23%	10.1%	10.8%	9.05%	6.35%	5.19%
EBITDA	787.7M	885.3M	1.2B	1.2B	878.8M	2.2B	2.7B	2B	1.5B	1.3B
EPS	4.21	8.42	8.85	10.5	5.74	22.4	30.4	22.9	15.7	14.1
Diluted EPS	4.16	8.34	8.75	10.3	5.66	22	29.9	22.6	15.6	14

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	3.6B	3.3B	3.6B	3.6B	3.4B	3.1B	3.5B	3.7B	3.7B	3.5B	4B	4.6B
Cost of revenue	2.5B	2.3B	2.5B	2.6B	2.4B	2.2B	2.5B	2.6B	2.6B	2.5B	2.9B	3.3B
Gross profit	1.1B	1B	1.1B	1.1B	1B	886.1M	1B	1.1B	1B	954.7M	1.2B	1.3B
Gross margin	29.7%	30.6%	31%	29.8%	29.4%	28.3%	29.7%	29.7%	28.3%	27.3%	29.1%	28.1%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	626.9M	650.5M	671.5M	667.7M	665M	679.6M	690.2M	706M	701.3M	728M	734.8M	789.4M
Operating expenses	626.9M	650.5M	671.5M	667.7M	665M	679.6M	690.2M	706M	701.3M	728M	734.8M	789.4M
Operating income	389.5M	308.2M	393.1M	351.7M	273.4M	135.9M	274.4M	312.2M	259.8M	157.4M	367.9M	441.6M
Operating margin	10.8%	9.24%	10.8%	9.65%	7.99%	4.35%	7.87%	8.53%	7.12%	4.5%	9.14%	9.54%
Non-operating income, net	8.2M	98.1M	12.8M	7.7M	-2M	90.4M	-500K	6.4M	2.3M	117.7M	-3M	6.4M
Pretax income	388M	333.3M	396.2M	349.7M	260.5M	133.5M	262.4M	304.3M	247.7M	154.8M	349.5M	429.8M
Income tax	92M	59.9M	92.4M	81.4M	60.6M	27.5M	61.9M	70.1M	57.7M	37.9M	83.9M	106.2M
Net income	296M	273.4M	303.8M	268.3M	199.9M	106M	200.5M	234.2M	190M	116.9M	265.6M	323.6M
Net margin	8.17%	8.19%	8.34%	7.36%	5.84%	3.39%	5.75%	6.4%	5.2%	3.34%	6.6%	6.99%
EBITDA	458.3M	504.4M	469.5M	426M	339.3M	317.6M	342.6M	388.3M	332.6M	348.9M	434.1M	517.5M
EPS	5.05	4.75	5.28	4.71	3.64	1.95	3.76	4.44	3.61	2.24	5.13	6.33
Diluted EPS	4.99	4.7	5.23	4.67	3.61	1.93	3.74	4.42	3.59	2.22	5.1	6.29

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	5.7B	6.2B	5.1B	8B	7.7B	10.3B	12.3B	16.3B	15B	15.2B	20B
Enterprise value	7.6B	8B	7.2B	9.6B	8.9B	11.8B	13B	16.6B	16.1B	16.7B	21.5B
Shares outstanding	72.3M	72.9M	71.6M	66.9M	64.3M	63.2M	60.6M	58.3M	55.7M	52.6M	52.6M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	18.6	10.1	7.94	11.3	20.7	7.24	6.65	12.2	17.1	20.5	22.6
P/S	0.67	0.64	0.44	0.73	0.87	0.73	0.72	1.1	1.08	1.06	1.26
P/B	1.38	1.33	1.09	1.54	1.5	1.68	1.73	2.11	2.08	2.11	2.68
EV/EBITDA	9.59	9.03	6.02	7.8	10.1	5.41	4.72	8.19	11	12.7	13.9
EV/Sales	0.88	0.82	0.62	0.88	1.01	0.84	0.76	1.12	1.16	1.17	1.36
Earnings yield	5.38%	9.94%	12.6%	8.82%	4.83%	13.8%	15%	8.21%	5.85%	4.88%	4.42%
FCF yield	8.2%	3.8%	8.33%	13.2%	13%	5.49%	14.5%	7.37%	6.66%	3.31%	1.73%
PEG	—	—	—	—	—	—	—	—	—	—	0.53

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	30.1%	28.7%	28.4%	30.3%	31.5%	31.9%	30.8%	30.7%	29.7%	28.7%	28.1%
Operating margin	6.49%	6.74%	8.34%	9.13%	7.49%	13.8%	14.6%	11.6%	8.34%	7.02%	9.54%
Net margin	3.59%	6.39%	5.56%	6.43%	4.23%	10.1%	10.8%	9.05%	6.35%	5.19%	5.66%
ROE	7.4%	13.2%	13.7%	13.5%	7.27%	23.3%	26%	17.3%	12.1%	10.3%	12.2%
ROA	4.17%	8.01%	7.98%	8.68%	4.59%	14.9%	17.9%	12.8%	8.76%	7.15%	7.33%
ROIC	6.73%	10.2%	10.7%	11.1%	8.18%	19.1%	24.3%	16.5%	10.7%	8.83%	10.1%
Return on tangible assets	21.3%	33.7%	29.7%	34.3%	15.9%	44.8%	45.2%	31.2%	23.8%	18%	18.2%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	4.1	4.34	4.7	4.46	5.08	3.91	3.55	5.66	3.21	4.88	4.3
Quick ratio	1.76	1.88	2.1	2.02	2.76	1.97	2.1	3.23	1.54	2.3	2.27
Debt / equity	0.46	0.4	0.47	0.34	0.36	0.31	0.26	0.18	0.2	0.24	0.27
Debt / assets	0.26	0.25	0.27	0.22	0.23	0.2	0.18	0.13	0.14	0.17	0.18
Net debt / EBITDA	2.29	1.97	1.74	1.31	1.33	0.72	0.25	0.15	0.75	1.16	1.08
Interest coverage	3.93	5.16	6.44	6.85	4.36	13.7	16.8	13.6	8.93	6.87	7.84
Effective tax rate	28%	0%	24.5%	24%	22.1%	24.7%	24.1%	23%	23%	23.5%	24.2%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	119.2	133.4	161.1	164.1	137	222.9	281.1	253.8	248.2	272	305.1
EPS (basic)	4.21	8.42	8.85	10.5	5.74	22.4	30.4	22.9	15.7	14.1	14.1
EPS (diluted)	4.16	8.34	8.75	10.3	5.66	22	29.9	22.6	15.6	14	17.2
Book value per share	57.8	64.5	65.4	78	79.6	96.4	117.2	132.6	129.7	136.6	145
FCF per share	6.52	3.26	5.93	15.8	15.6	8.9	29.3	20.6	17.9	9.56	10.5
Cash per share	1.7	2.12	1.79	2.61	10.6	4.75	19.4	18.5	5.71	4.12	4.61
Capex per share	2.02	1.84	2.94	3.5	2.57	3.17	5.46	7.85	7.64	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.7%	1.38%	1.83%	2.13%	1.88%	1.42%	1.94%	3.09%	3.08%	—	—
Capex / operating cash flow	26.9%	32.8%	32.3%	18.5%	17.2%	26.3%	15.8%	28.1%	30.7%	—	—
Payout ratio	39%	21.3%	22.6%	21.4%	44.1%	12.5%	11.8%	17.8%	28.4%	34.3%	28.5%
Dividend yield	2.09%	2.11%	2.85%	1.89%	2.13%	1.73%	1.77%	1.46%	1.66%	1.68%	1.28%

Yield

1.28%

trailing twelve months

Frequency

Quarterly

Last dividend

$1.25

ex-dividend Aug 14, 2026

Payout ratio

28%

of earnings

Dividend growth

11 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 14, 2026	$1.25
May 22, 2026	$1.25
Mar 6, 2026	$1.25

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$3.6B	$3.3B	$3.6B	$3.6B	$3.4B	$3.1B	$3.5B	$3.7B	$3.7B	$3.5B	$4B	$4.6B
YoY change	-14.7%	-7.57%	-8.08%	-6.11%	-5.59%	-6.31%	-4.39%	+0.45%	+6.75%	+11.9%	+15.5%	+26.5%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	122.8M	154.4M	128.2M	174.3M	683.5M	300.5M	1.2B	1.1B	318.1M	216.6M
Receivables	960.2M	1.1B	1.2B	1.1B	926.3M	1.7B	1.6B	1.5B	1.3B	1.5B
Inventory	1.5B	1.7B	1.8B	1.6B	1.4B	2.1B	2B	2B	2B	2.2B
Total current assets	2.7B	3.1B	3.3B	3B	3.1B	4.2B	4.9B	4.8B	3.9B	4.1B
Property, plant & equipment	603M	561M	571M	801.6M	756.2M	776.4M	831.7M	969.1M	1.1B	1.2B
Goodwill & intangibles	6B	5.9B	5.9B	6.1B	5.8B	6.4B	6.3B	6.2B	6.3B	6.3B
Total assets	7.4B	7.8B	8B	8.1B	8.1B	9.5B	10.3B	10.5B	10B	10.4B
Accounts payable	302.2M	346.7M	338.8M	275M	259.3M	453.9M	412.4M	410.3M	361.9M	375.2M
Short-term debt	82.5M	92M	65.2M	117.4M	57M	63.6M	560.7M	56.5M	461.1M	68.4M
Total current liabilities	656M	703.7M	699.1M	675.3M	613M	1.1B	1.4B	843.6M	1.2B	848.1M
Long-term debt	1.8B	1.8B	2.1B	1.7B	1.8B	1.8B	1.3B	1.3B	957M	1.7B
Total liabilities	3.2B	3.1B	3.4B	2.9B	3B	3.4B	3.2B	2.7B	2.8B	3.2B
Shareholders' equity	4.2B	4.7B	4.7B	5.2B	5.1B	6.1B	7.1B	7.7B	7.2B	7.2B
Total debt	1.9B	1.9B	2.2B	1.8B	1.9B	1.9B	1.9B	1.4B	1.4B	1.7B
Net debt	1.8B	1.7B	2.1B	1.6B	1.2B	1.6B	691.9M	297.1M	1.1B	1.5B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	976.9M	1.1B	934.9M	350.8M	314.6M	318.1M	277.8M	239.5M	261.2M	216.6M	249.7M	235.4M
Receivables	1.7B	1.5B	1.7B	1.7B	1.6B	1.3B	1.7B	1.7B	1.7B	1.5B	2B	2.2B
Inventory	2.1B	2B	2.2B	2.3B	2.2B	2B	2.1B	2.3B	2.3B	2.2B	2.2B	2.3B
Total current assets	4.9B	4.8B	4.9B	4.4B	4.2B	3.9B	4.2B	4.3B	4.4B	4.1B	4.6B	4.9B
Property, plant & equipment	947.4M	969.1M	1B	1.1B	1.1B	1.1B	1.2B	1.2B	1.1B	1.2B	1.2B	1.1B
Goodwill & intangibles	6.2B	6.2B	6.2B	6.4B	6.4B	6.3B	6.3B	6.3B	6.3B	6.3B	6.3B	6.2B
Total assets	10.5B	10.5B	10.7B	10.4B	10.3B	10B	10.4B	10.5B	10.5B	10.4B	10.8B	11.2B
Accounts payable	445.4M	410.3M	449.7M	458.4M	440.9M	361.9M	520.8M	516.6M	507.8M	375.2M	552.1M	627.3M
Short-term debt	56M	56.5M	56.6M	57.7M	459.6M	461.1M	462.8M	464.2M	64.8M	68.4M	69.2M	67.3M
Total current liabilities	878.7M	843.6M	857.4M	883.5M	1.3B	1.2B	1.3B	1.3B	984M	848.1M	1B	1.1B
Long-term debt	1.3B	1.3B	1.3B	1.3B	1.1B	957M	1.3B	1.3B	1.6B	1.7B	2B	1.9B
Total liabilities	2.8B	2.7B	2.8B	2.8B	2.9B	2.8B	3.3B	3.2B	3.2B	3.2B	3.7B	3.8B
Shareholders' equity	7.7B	7.7B	7.9B	7.6B	7.4B	7.2B	7.1B	7.2B	7.3B	7.2B	7.1B	7.4B
Total debt	1.4B	1.4B	1.4B	1.4B	1.5B	1.4B	1.8B	1.7B	1.7B	1.7B	2B	2B
Net debt	395.4M	297.1M	442.1M	1B	1.2B	1.1B	1.5B	1.5B	1.4B	1.5B	1.8B	1.8B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	309.1M	621M	641.8M	706.1M	372.4M	1.4B	1.8B	1.3B	878M	741.6M
Depreciation & amortization	222M	218.4M	215.2M	219.3M	227.3M	230.2M	240.2M	245.4M	268.7M	278.2M
Stock-based compensation	24.4M	33.4M	45.5M	51.2M	42.2M	70.8M	65.3M	65M	56.8M	55.6M
Change in working capital	-19.3M	-278.8M	-252.7M	247.4M	320.9M	-935.9M	-72.4M	-35.4M	138.7M	-357.1M
Operating cash flow	543.4M	409.1M	653M	1.3B	960.4M	762M	2.1B	1.6B	1.4B	831.4M
Capital expenditure	-146M	-134M	-210.7M	-234.2M	-165.3M	-200.6M	-330.9M	-457.7M	-425.9M	—
Investing cash flow	-505.1M	-179.4M	-281M	-419.1M	-188.4M	-652.3M	-348.5M	-483.9M	-803.7M	-10.1M
Dividends paid	-120.4M	-132M	-145.3M	-151.3M	-164.1M	-177M	-217.1M	-238.1M	-249.7M	-254.7M
Share repurchases	0	-25M	-484.9M	-50M	-337.3M	-323.5M	-630.3M	-479.5M	-1.1B	-594.1M
Financing cash flow	-137.7M	-198.1M	-403.9M	-840.6M	-483M	-528.9M	-892.6M	-1.3B	-1.4B	-620.2M
Net change in cash	-99.4M	31.6M	-31.9M	6.3M	289M	-419.2M	856.7M	-135.7M	-791.4M	201.1M
Free cash flow	471.6M	237.4M	424.7M	1.1B	1B	562.8M	1.8B	1.2B	999.2M	502.5M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	296M	273.4M	303.8M	268.3M	199.9M	106M	200.5M	234.2M	190M	116.9M	265.6M	323.6M
Depreciation & amortization	60.6M	62.9M	63.6M	66.6M	67.9M	70.6M	68.7M	69.7M	70.5M	69.3M	69.2M	69.5M
Stock-based compensation	16.8M	16.6M	13M	13.9M	16.1M	13.8M	12.2M	15.9M	15.1M	12.4M	13.3M	23.4M
Change in working capital	67.3M	215.1M	-330.8M	6M	157.5M	306M	-304.2M	-115.9M	-46.7M	109.7M	-287.4M	-248.8M
Operating cash flow	446M	563.9M	52.4M	355.7M	442.7M	501.5M	-16.3M	192.2M	261.8M	276.1M	151.4M	162.2M
Capital expenditure	-125.5M	-109M	-108.7M	-98.2M	-114.9M	-106.2M	-86.9M	-74.7M	—	—	—	—
Investing cash flow	-112.8M	-116.1M	-177.4M	-384.6M	-111.4M	-130.3M	-87.6M	-71.2M	6.4M	-19.3M	-5.8M	1.2M
Dividends paid	-58.7M	-58.8M	-65.3M	-62.6M	-60.6M	-61.2M	-65.2M	-63.1M	-62.9M	-63.5M	-66.6M	-63.8M
Share repurchases	-126.4M	-240.3M	0	-519.3M	-432M	-142.4M	-253.2M	-79.9M	-60.9M	-200.1M	-234.2M	0
Financing cash flow	-190.3M	-309.4M	-90.3M	-563.8M	-394.6M	-327.7M	-18.6M	-203.4M	-165.2M	-233M	-46.6M	-99.6M
Net change in cash	142.9M	138.4M	-215.3M	-592.7M	-63.3M	43.5M	-122.5M	-82.4M	103M	23.8M	99M	63.8M
Free cash flow	340.5M	415.4M	17.6M	268.1M	351.1M	362.4M	-22.4M	141.4M	180.6M	202.9M	87.2M	68.8M

Date	Ratio
Jul 20, 2006	2:1
Sep 27, 1999	3:2
Jun 30, 1997	3:2

Reliance, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history