Tuesday 13 October 2026 Export RS’s income statement to Excel — free account

Reliance, Inc.

Reliance, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $14.3 billion, up 3.32% from fiscal 2024. In the quarter to June 2026, revenue grew 26.5%, EPS grew 42.6%, free cash flow fell 45.4% and total debt rose 16.7%, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years.

404.14 3.02 +0.75%

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Market cap: $20.5B
P/E: 23.2×
Fwd P/E: 20.2×
Dividend yield: 1.23%
F-score: 6/9
Altman Z: 5.91
Beneish M: −2.45
Dividend safety: 90/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 13.99

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	2	—	1	—	1	—	—	2	1	—	—

Insider Ownership 0.45%

Capital & Financial Ratios $m

Market Cap 20,480.00

Revenue 15,805.80

Net Income 896.10

Free Cash Flow 559.20

Net Debt 1,428.50

Current Ratio 4.30

Debt/Equity 0.22

P/E ratio 23.22

Fwd P/E 20.20

P/S ratio 1.30

P/B ratio 2.77

Past 5Y EPS Growth 19.82%

This Y EPS Growth 67.26%

Next Y EPS Growth 0.97%

Next Y revenue growth 24.50%

Next 5Y EPS Growth 15.47%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 95.39%

10-year low 10-year high

P/S against its own 10 years 97.53%

10-year low 10-year high

P/B against its own 10 years 98.60%

10-year low 10-year high

EV/Sales against its own 10 years 98.15%

10-year low 10-year high

EV/FCF against its own 10 years 99.30%

10-year low 10-year high

Dividends

Payout Ratio 0.29

Annual Dividend Rate 4.95

Annual Dividend Yield 1.23%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	4.97	1.25 1.25 1.25
2025	4.80	1.20 1.20 1.20 1.20
2024	4.40	1.10 1.10 1.10 1.10
2023	4.00	1.00 1.00 1.00 1.00
2022	3.50	0.88 0.88 0.88 0.88
2021	2.75	0.69 0.69 0.69 0.69
2020	2.50	0.63 0.63 0.63 0.63
2019	2.20	0.55 0.55 0.55 0.55
2018	2.00	0.50 0.50 0.50 0.50
2017	1.80	0.45 0.45 0.45 0.45
2016	1.65	0.40 0.40 0.43 0.43

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1,080	318	217	235
Receivables	1,508	1,402	1,571	2,210
Inventory	2,043	2,027	2,188	2,325
Other	—	—	—	—
	4,772	3,896	4,141	4,923

	2023	2024	2025	Q'26
Payables	410	362	375	627
ST’ Debt	0	400	1	—
Other	—	—	—	—
	844	1,213	848	1,146

Compound Annual Growth %

	10y	5y	3y
Sales	4.34%	10.16%	(5.66%)
Cash Flow	(2.07%)	(6.65%)	(26.79%)
Earnings	9.03%	14.91%	(26.21%)
Book Value	6.18%	6.98%	0.39%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	4,026	4,630	—	—	—
’25	3,485	3,660	3,651	3,499	14,294
’24	3,645	3,643	3,420	3,127	13,835
’23	3,965	3,880	3,623	3,337	14,806
’22	4,486	4,681	4,247	3,611	17,025
’21	2,838	3,419	3,847	3,989	14,093
’20	2,573	2,019	2,086	2,134	8,812

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	151	162	—	—	—
’25	65	229	262	276	831
’24	126	366	464	473	1,430
’23	385	295	466	526	1,671
’22	404	270	636	809	2,119
’21	162	102	142	394	799
’20	171	476	296	230	1,173

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	87	84	—	—	—
’25	(22)	154	182	206	520
’24	18	270	353	363	1,004
’23	282	165	341	427	1,214
’22	346	184	541	718	1,788
’21	139	27	88	345	599
’20	116	436	263	193	1,008

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	5.10	6.29	—	—	—
’25	3.74	4.42	3.59	2.22	13.98
’24	5.23	4.67	3.61	1.93	15.56
’23	6.43	6.49	4.99	4.70	22.64
’22	8.33	9.15	6.45	5.88	29.92
’21	4.12	5.08	6.15	6.64	21.97
’20	0.92	1.24	1.51	2.01	5.66

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	50.08	68.46	68.62	69.06	70.57	114.26	145.79	199.51	256.98	250.07	Analyst estimates 2026–2028 Powerpack
	High	87.58	88.58	97.41	122.17	123.09	181.21	216.76	295.98	342.20	347.44
People
People	Employees	14,500	14,900	15,600	15,300	12,800	13,700	14,500	15,000	15,900	15,700
	Revenue/emp, $m	0.59	0.65	0.74	0.72	0.69	1.03	1.17	0.99	0.87	0.91
Income, $m
Income, $m	Revenue	8,613	9,721	11,535	10,974	8,812	14,093	17,025	14,806	13,835	14,294
	Gross margin, %	30.07	28.68	28.45	30.34	31.49	31.86	30.84	30.71	29.68	28.74
	EBT	429	584	851	929	478	1,883	2,430	1,741	1,140	969
	EBT margin, %	4.98	6.01	7.37	8.47	5.43	13.36	14.28	11.76	8.24	6.78
	Net income	309	621	642	706	372	1,417	1,844	1,340	878	742
	Depreciation	222	218	215	219	227	230	240	245	269	278
Per share, $
Per share, $	Revenue	119.03	133.44	161.05	164.07	136.98	222.94	281.13	253.84	248.18	271.99
	Earnings	4.21	8.42	8.85	10.49	5.74	22.35	30.39	22.90	15.70	14.07
	Cash flow	8.66	5.48	9.28	19.46	18.23	12.65	34.98	28.65	25.65	15.82
	Capex	(2.02)	(1.84)	(2.94)	(3.50)	(2.57)	(3.17)	(5.46)	(7.85)	(7.64)	(5.93)
	Free cash flow	6.64	3.64	6.34	15.96	15.67	9.47	29.52	20.81	18.01	9.89
	Book value	57.75	64.51	65.34	77.96	79.63	96.39	117.17	132.57	129.71	136.61
	Shares, m	72	73	72	67	64	63	61	58	56	53
Valuation, ×
Valuation, ×	P/E	19.15	10.45	8.11	11.43	20.79	7.25	6.65	12.31	17.28	20.56
	P/S	0.68	0.66	0.44	0.73	0.87	0.73	0.72	1.11	1.08	1.06
	P/B	1.39	1.36	1.09	1.54	1.50	1.68	1.72	2.12	2.08	2.11
	EV/Sales	0.89	0.84	0.62	0.86	0.98	0.82	0.74	1.11	1.14	1.15
	EV/FCF	15.87	30.75	15.80	8.83	8.60	19.37	7.09	13.58	15.77	31.53
Cash, $m
Cash, $m	Operating cash flow	627	399	665	1,302	1,173	799	2,119	1,671	1,430	831
	Capex	(146)	(134)	(211)	(234)	(165)	(201)	(331)	(458)	(426)	(312)
	Free cash flow	481	265	454	1,067	1,008	599	1,788	1,214	1,004	520
Balance, $m
Balance, $m	Working capital	2,033	2,348	2,586	2,335	2,500	3,095	3,511	3,928	2,683	3,293
	Total debt	1,929	1,901	2,204	1,589	1,645	1,647	1,648	1,142	1,143	1,421
	Net debt	1,806	1,747	2,076	1,414	961	1,347	474	62	824	1,204
	Shareholders’ equity	4,179	4,700	4,680	5,214	5,123	6,094	7,096	7,733	7,231	7,180
Returns, %
Returns, %	ROA	4.19	8.09	8.02	8.67	4.55	16.02	18.53	12.84	8.54	7.25
	ROIC	5.41	6.42	8.67	9.56	5.81	16.37	20.70	13.95	9.00	7.55
	ROE	7.49	13.82	13.51	14.18	7.14	25.20	27.90	18.02	11.70	10.26

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
NUE Nucor Corporation	$56.8B	20.1×	16.9×	+22.95% (above 0%: growing)	+94.23% (above 0%: growing)	+549.46% (above 0%: growing)	19.56%	15.67%	Compare
MT ArcelorMittal	$48.3B	26.3×	14.7×	+5.24% (above 0%: growing)	−61.70% (below 0%: shrinking)	−126.60% (below 0%: shrinking)	10.95%	6.29%	Compare
STLD Steel Dynamics, Inc.	$34.2B	21.6×	17.8×	+33.44% (above 0%: growing)	+84.58% (above 0%: growing)	+2,189.86% (above 0%: growing)	15.74%	11.50%	Compare
RS Reliance, Inc.	$20.6B	23.2×	20.2×	+26.51% (above 0%: growing)	+42.57% (above 0%: growing)	−45.43% (below 0%: shrinking)	28.09%	9.54%
PKX POSCO Holdings Inc.	$17.4B	21.1×	—	+9.70% (above 0%: growing)	+271.43% (above 0%: growing)	−156.79% (below 0%: shrinking)	8.62%	4.25%	Compare
TX Ternium S.A.	$11.4B	16.3×	9.2×	+9.97% (above 0%: growing)	+59.09% (above 0%: growing)	−174.72% (below 0%: shrinking)	21.68%	12.17%	Compare
CLF Cleveland-Cliffs Inc.	$7.4B	— (loss-making)	— (loss-making)	+5.92% (above 0%: growing)	n/m	+208.96% (above 0%: growing)	2.53%	(0.94%)	Compare
GGB Gerdau S.A.	$6.3B	22.3×	—	+14.33% (above 0%: growing)	+87.50% (above 0%: growing)	+171.99% (above 0%: growing)	15.83%	13.05%	Compare
SIM Grupo Simec, S.A. de C.V.	$4.8B	22.9×	28.5×	+29.60% (above 0%: growing)	n/m	+51.13% (above 0%: growing)	24.99%	15.91%	Compare
Median of peers	$14.4B	21.6×	16.9×	+12.15%	+86.04%	+111.56%	15.79%	11.84%

All 21 Steel stocks →

Reliance, Inc. (RS) key facts

Concern: Net income was $741.6 million, or $14.07 per share (basic), a net margin of 5.17%.
Strength: Reliance, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $14.3 billion, up 3.32% from fiscal 2024.
Reliance, Inc. (RS) is a Steel company in the Basic Materials sector, listed on the New York Stock Exchange.
As of October 12, 2026, RS traded at $401.86, a market capitalization of $20.5 billion.
At that price the stock trades at 23.2× trailing-twelve-month earnings and 1.3× sales; its P/E is higher than 95% of its own readings over the past ten years.
Reliance, Inc. pays an annual dividend of $4.95 per share, a yield of 1.23%, with a payout ratio of 28.8%.
Return on equity was 10.3% and debt-to-equity 0.22.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 5.91 (safe zone) for fiscal 2025.