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.
Follow RS
Reliance, Inc. (RS) Piotroski F-score
Reliance, Inc.'s Piotroski F-score for fiscal 2025 is 6 out of 9: 6 of nine tests of profitability, leverage and efficiency passed, up from 5 in fiscal 2024.
Piotroski F-score, annual
Embed this chart
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 6 | 1.00 |
| FY2024 | 5 | (1.00) |
| FY2023 | 6 | (1.00) |
| FY2022 | 7 | 0.00 |
| FY2021 | 7 | 1.00 |
| FY2020 | 6 | (1.00) |
| FY2019 | 7 | 1.00 |
| FY2018 | 6 | 0.00 |
| FY2017 | 6 | (1.00) |
| FY2016 | 7 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 7.25% | 8.54% | Pass | 1 |
| Positive operating cash flow | 831.40m | 1.43b | Pass | 1 |
| Rising return on assets | 7.25% | 8.54% | Fail | 0 |
| Cash flow above net income | 92.00m | 554.60m | Pass | 1 |
| Falling long-term leverage | 0.14 | 0.07 | Fail | 0 |
| Rising current ratio | 4.88 | 3.21 | Pass | 1 |
| No new shares issued | 52,555,000 | 55,746,000 | Pass | 1 |
| Rising gross margin | 28.74% | 29.68% | Fail | 0 |
| Rising asset turnover | 1.40 | 1.35 | Pass | 1 |
| Piotroski F-score | Mixed | 6 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| RS Reliance, Inc. | 6 |
| NUE Nucor Corporation compare | 6 |
| SIM Grupo Simec, S.A. de C.V. compare | 6 |
| MT ArcelorMittal compare | 6 |
| STLD Steel Dynamics, Inc. compare | 5 |
| TX Ternium S.A. compare | 5 |
| GGB Gerdau S.A. compare | 5 |
| PKX POSCO Holdings Inc. compare | 4 |
| CLF Cleveland-Cliffs Inc. compare | 2 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover