RSNYSEWholesale-Metals Service Centers & of ficesFiscal year ends December 31
RELIANCE, INC.
Financials through Q1 FY2026, quarter ended Mar 31, 2026Last filing: 10-Q on Jul 28, 2026
$415.67+4.50 (+1.09%)
Close on Oct 19, 2026
- Market cap
- $21.60B
- P/E (TTM)
- 27.1
- Dividend yield
- 1.15%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
28.7%−2.8 pts over 5 years
Operating margin
7.1%+0.7 pts over 5 years
Net margin
5.2%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +3.3% | -5.7% | +10.2% | +4.3% | |
| Gross profit | +0.0% | -7.9% | +8.2% | +4.9% | |
| Operating income | -12.7% | -26.1% | +12.3% | +6.3% | |
| Net income | -15.5% | – | – | – | |
| EPS, diluted | -10.2% | -22.4% | +19.8% | +12.9% | |
| Free cash flow | -49.7% | -34.4% | -12.9% | -5.2% | |
| Dividend per share | +9.1% | +11.1% | +13.9% | +11.6% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 10.3% | |
| Return on assets | – | – | 7.3% | |
| Current ratio | 4.10 | 5.08 | 4.88 | |
| Debt to equity | 0.47 | 0.32 | 0.20 | |
| Net debt to EBITDA | 2.44× | 1.20× | 0.93× | |
| Interest coverage | 6.1× | 9.0× | 18.2× | |
| Inventory turnover | 4.1× | 3.9× | 4.8× | |
| Capex to revenue | 1.8% | 2.0% | 2.3% | |
| Diluted shares | 73M | 65M | 53M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Reliance generated $6.85B from operations and spent $4.93B on capital expenditure, dividends and share buybacks. 37% of that went back into the business.
Generated
$6.85B
Used
$4.93B
Capital expenditure$1.81B37%Dividends$00%Share buybacks$3.12B63%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin5.2%
×Asset turnover1.40×
×Equity multiplier1.42×
=Return on equity, FY202510.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 5.2% | 1.40× | 1.42× | 10.3% |
| FY2024 | 6.3% | 1.35× | 1.37× | 11.7% |
| FY2023 | 9.0% | 1.42× | 1.41× | 18.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$739.40M
- Cash generatingOperating cash flow above zero$831.40M
- Return on assets improvedROA up on the prior year8.4% → 7.4%
- Earnings backed by cashOperating cash flow above net income$831.40M vs $739.40M
- Less leverageLong-term debt to assets fell7.4% → 13.7%
- Better liquidityCurrent ratio rose3.21 → 4.88
- No dilutionShare count did not rise56M → 53M
- Gross margin improvedGross margin up on the prior year29.68% → 28.74%
- More efficientAsset turnover rose1.32 → 1.43