MARKETS / NYSE / RS
NYSE · WHOLESALE-METALS SERVICE CENTERS & OF FICES · LARGE CAP

Reliance, Inc. RS

18 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY15 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$14.3B
▲ 3.3% vs FY2024
Dividend streak
15 yrs
Raised every year since 2011
EPS · FY25
$13.98
Dividend / sh · FY25
$4.80
Payout · FY25
ROE · FY25
10.3%
Net margin · FY25
5.2%
Dividend coverage
2.9×
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Result
USD 14.3B
Revenue, FY2025 · full 18-year series below
Revenue Net income
510152014.30.72008201120142017202020232025
510152014.30.72016201920222025

5 cents of every revenue dollar became profit this year.

Per share
USD 13.98
Diluted EPS, FY2025
EPS Dividend
1020304.8013.982008201120142017202020232025
1020304.8013.982016201920222025

Earnings covered the dividend 2.9 times — the rest stayed in the company.

Profitability
10.3%
Return on equity, FY2025
ROE
816243210.3%2008201120142017202020232025
816243210.3%2016201920222025
Operating margin7.1%
Net margin5.2%
Return on assets7.3%

Each USD of equity produced 10 cents of profit this year.

Returned to shareholders
USD 594.1M
returned in FY2025 · dividends + net buybacks
Dividends paid
Net buybacksUSD 594.1M
Share of profit80.3%
Consecutive raises15 years

USD 594.1M in buybacks — 80% of the year's profit went back to shareholders.

Growth
+10.2% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
−5.7%
+10.2%
+4.3%
+5.6%
Net income
−26.3%
+14.7%
+8.9%
+9.2%
EPS, diluted
−22.4%
+19.8%
+12.9%
+11.8%
Dividend / share
+11.1%
+13.9%
+11.6%
+18.0%
Returned to shareholders
−2.0%
+12.0%
+5.7%
+22.1%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.05B
Shares outstanding, FY2025
0.070.052008201120142017202020232025
0.070.052016201920222025
Change, 5 years−18.7%
Change, 10 years−27.9%

The share count shrank 19% in five years — the same company, cut into fewer, larger slices.

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Balance sheet
USD 10.4B
total assets, end of FY2025
Total assetsUSD 10.4B
EquityUSD 7.2B
CashUSD 216.6M
Gross debtUSD 1.4B
Net debtUSD 1.2B
Current ratio4.88×

Net debt stands at 17% of equity.

History
18 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
Revenue $B
14.3
13.8
14.8
17.0
14.1
8.8
11.0
11.5
9.7
8.6
9.4
10.5
9.2
8.4
8.1
6.3
5.3
8.7
Operating income $B
1.0
1.2
1.7
2.5
1.9
0.6
1.0
0.9
0.7
0.5
0.5
0.6
0.6
0.7
0.6
0.4
0.3
0.9
EBITDA $B
1.3
1.4
2.0
2.7
2.2
0.8
1.2
1.2
0.9
0.7
0.8
0.8
0.7
0.8
0.7
0.5
0.4
1.0
Income tax $B
0.2
0.3
0.4
0.6
0.5
0.1
0.2
0.2
−0.0
0.1
0.1
0.2
0.2
0.2
0.2
0.1
0.0
0.3
Net income $B
0.7
0.9
1.3
1.8
1.4
0.4
0.7
0.6
0.6
0.3
0.3
0.4
0.3
0.4
0.3
0.2
0.1
0.5
EPS, diluted $
13.98
15.56
22.64
29.92
21.97
5.66
10.34
8.75
8.34
4.16
4.16
4.73
4.14
5.33
4.58
2.61
2.01
6.56
Dividend / sh $
4.80
4.40
4.00
3.50
2.75
2.50
2.20
2.00
1.80
1.65
1.60
1.40
1.26
0.80
0.48
0.40
0.40
0.40
Payout %
·
·
·
·
·
·
·
·
·
·
·
29
30
15
10
15
20
6
ROE %
10.3
11.7
18.0
28.0
25.3
7.2
14.3
13.7
14.1
7.7
7.9
9.4
8.7
12.2
11.7
7.3
5.7
·
Shares out B
0.05
0.05
0.06
0.06
0.06
0.06
0.07
0.07
0.07
0.07
0.07
0.08
0.08
0.08
0.08
0.07
0.07
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
52 of 52
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed