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 Oct 30, 2026, 11:14 UTC 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

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
2025	$14.3B	$739M	0.0%	7.1%	10.3%	7.1%	$503M	$1.4B	$217M
2024	$13.8B	$875M	0.0%	8.4%	12.1%	8.7%	$999M	$1.1B	$318M
2023	$14.8B	$1.3B	0.0%	11.7%	17.3%	12.7%	$1.2B	$1.2B	$1.1B
2022	$17.0B	—	0.0%	14.7%	0.0%	0.0%	$1.8B	$1.7B	$1.2B
2021	$14.1B	—	0.0%	13.8%	0.0%	0.0%	$563M	$1.7B	$301M
2020	$8.8B	—	0.0%	6.4%	0.0%	0.0%	$1.0B	$1.7B	$684M
2019	$11.0B	—	0.0%	9.2%	0.0%	0.0%	$1.1B	$1.6B	$174M
2018	$11.5B	—	28.4%	8.1%	0.0%	0.0%	$425M	$2.2B	$128M
2017	$9.7B	—	28.7%	6.8%	0.0%	0.0%	$237M	$1.9B	$154M
2010	—	$194M	—	—	6.9%	4.2%	$103M	$943M	$73M
2009	—	$148M	—	—	5.7%	3.4%	$873M	$849M	$43M
2008	—	$483M	—	—	—	—	$513M	—	$52M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
Sep '26	$5.2B	$403M	0.0%	10.6%	5.2%	3.5%	$133M	$1.6B	$246M
Jun '26	$4.6B	$323M	0.0%	9.5%	4.4%	2.9%	$69M	$1.7B	$235M
Mar '26	$4.0B	$265M	0.0%	9.1%	3.7%	2.5%	$87M	$1.7B	$250M
Dec '25	$3.5B	$117M	0.0%	4.8%	1.6%	1.1%	$203M	$1.4B	$217M
Sep '25	$3.7B	$190M	0.0%	7.1%	2.6%	1.8%	$181M	$1.4B	$261M
Jun '25	$3.7B	$234M	0.0%	8.5%	3.2%	2.2%	$141M	$1.4B	$240M
Mar '25	$3.5B	$200M	0.0%	7.9%	2.8%	1.9%	-$22M	$1.5B	$278M
Dec '24	$3.1B	$105M	0.0%	4.5%	1.5%	1.1%	$362M	$1.1B	$318M
Sep '24	$3.4B	$199M	0.0%	8.0%	2.7%	1.9%	$351M	$1.3B	$315M
Jun '24	$3.6B	—	0.0%	9.7%	0.0%	0.0%	$268M	$1.2B	$351M
Mar '24	$3.6B	—	0.0%	10.8%	0.0%	0.0%	$18M	$1.2B	$935M
Dec '23	$3.3B	—	0.0%	9.7%	0.0%	0.0%	$415M	$1.2B	$1.1B
Sep '23	$3.6B	—	0.0%	10.8%	0.0%	0.0%	$341M	$1.2B	$977M
Jun '23	$3.9B	—	0.0%	13.2%	0.0%	0.0%	$165M	$1.2B	$816M
Mar '23	$4.0B	—	0.0%	13.0%	0.0%	0.0%	$282M	$1.2B	$816M
Dec '22	$3.6B	—	0.0%	12.6%	0.0%	0.0%	$717M	$1.7B	$1.2B
Sep '22	$4.2B	—	0.0%	12.9%	0.0%	0.0%	$540M	$1.7B	$644M
Jun '22	$4.7B	—	0.0%	16.8%	0.0%	0.0%	$183M	$1.7B	$505M
Mar '22	$4.5B	—	0.0%	16.0%	0.0%	0.0%	$337M	$1.7B	$548M
Dec '21	$4.0B	—	0.0%	14.1%	0.0%	0.0%	$336M	$1.7B	$301M

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 30.9× (Nov '26).
The price-to-sales ratio has risen from 0.8× (Mar '23) to 1.6× (Nov '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?

Reliance, Inc.'s P/E (TTM) is 20.62 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the RS stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 30.9× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.