RS Financials Reliance, Inc.

12 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 28 h ago Overview →

Growth & profitability

Revenue has grown 10.2% per year over the past 5 years.
Net income has grown slower than revenue (-25.6% vs 10.2% per year).
Operating margin has been roughly flat, at 7.1% in the latest year.
Free cash flow has declined 12.9% per year over the past 5 years.

Financial health

Total debt ($1.4B) exceeds cash ($217M); net debt is $1.2B.
Total debt has grown slower than revenue (-3.1% vs 10.2% per year).
Operating income covered interest expense 18× in the latest year.
Total debt is 1.1× EBITDA.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$14.3B	$739M	0.0%	7.1%	$503M	$1.4B	$217M
2024	$13.8B	$875M	0.0%	8.4%	$999M	$1.1B	$318M
2023	$14.8B	$1.3B	0.0%	11.7%	$1.2B	$1.2B	$1.1B
2022	$17.0B	—	0.0%	14.7%	$1.8B	$1.7B	$1.2B
2021	$14.1B	—	0.0%	13.8%	$563M	$1.7B	$301M
2020	$8.8B	—	0.0%	6.4%	$1.0B	$1.7B	$684M
2019	$11.0B	—	0.0%	9.2%	$1.1B	$1.6B	$174M
2018	$11.5B	—	28.4%	8.1%	$425M	$2.2B	$128M
2017	$9.7B	—	28.7%	6.8%	$237M	$1.9B	$154M
2010	—	$194M	—	—	$103M	$943M	$73M
2009	—	$148M	—	—	$873M	$849M	$43M
2008	—	$483M	—	—	$513M	—	$52M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Mar '26	$4.0B	$265M	0.0%	9.1%	$87M	$1.7B	$250M
Dec '25	$3.5B	$117M	0.0%	4.8%	$203M	$1.4B	$217M
Sep '25	$3.7B	$190M	0.0%	7.1%	$181M	$1.4B	$261M
Jun '25	$3.7B	—	0.0%	8.5%	$141M	$1.4B	$240M
Mar '25	$3.5B	$200M	0.0%	7.9%	-$22M	$1.5B	$278M
Dec '24	$3.1B	$105M	0.0%	4.5%	$362M	$1.1B	$318M
Sep '24	$3.4B	$199M	0.0%	8.0%	$351M	$1.3B	$315M
Jun '24	$3.6B	—	0.0%	9.7%	$268M	$1.2B	$351M
Mar '24	$3.6B	—	0.0%	10.8%	$18M	$1.2B	$935M
Dec '23	$3.3B	—	0.0%	9.7%	$415M	$1.2B	$1.1B
Sep '23	$3.6B	—	0.0%	10.8%	$341M	$1.2B	$977M
Jun '23	$3.9B	—	0.0%	13.2%	$165M	$1.2B	$816M
Mar '23	$4.0B	—	0.0%	13.0%	$282M	$1.2B	$816M
Dec '22	$3.6B	—	0.0%	12.6%	$717M	$1.7B	$1.2B
Sep '22	$4.2B	—	0.0%	12.9%	$540M	$1.7B	$644M
Jun '22	$4.7B	—	0.0%	16.8%	$183M	$1.7B	$505M
Mar '22	$4.5B	—	0.0%	16.0%	$337M	$1.7B	$548M
Dec '21	$4.0B	—	0.0%	14.1%	$336M	$1.7B	$301M
Sep '21	$3.8B	—	0.0%	14.2%	$87M	$1.7B	$638M
Jun '21	$3.4B	—	0.0%	13.5%	$22M	$1.7B	$728M

Valuation over time

How the market has priced RS against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 10.9× (Jan '24) to 28.0× (Jun '26).
The price-to-sales ratio has risen from 0.8× (Mar '23) to 1.4× (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Frequently asked questions

Is RS growing its revenue and profit?

Over the past 5 years, Reliance, Inc.'s revenue has grown 10.2% per year, and net income declined 25.6% per year. These are computed facts, not advice.

How much debt does RS have?

As of FY2025, Reliance, Inc. reported $1.4B of total debt against $217M of cash; operating income covered interest expense 18×.

What is RS's profit margin?

In FY2025, gross margin was —, operating margin 7.1%, and net margin 5.2%.

What is RS's P/E ratio?

As of Jun '26, Reliance, Inc. traded at a price-to-earnings ratio of about 28.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.