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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 only
15 YEARS OF DIVIDEND GROWTH
$14.3B
▲ 3.3% YoY
$739.4M
▼ 15.5% YoY
$502.5M
▼ 49.7% YoY
In brief

What this company does

Reliance operates a network of companies providing diversified metal solutions. As of December 31, 2025, it operated through a network of approximately 310 locations in 41 U.S. states and 10 foreign countries. It distributes a full line of over 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium and other specialty steel products. It services more than 125,000 customers across industries including consumer products, general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, and industrial machinery and heavy industry. Its primary processing services range from cutting, leveling or sawing to more complex processes such as machining or electropolishing. As of December 31, 2025, it had 15,700 employees worldwide, of which approximately 14,100 were employed in the U.S. The company has been in business over 85 years, since its original organization on February 3, 1939, when it operated a single metals service center in Los Angeles, California fabricating steel reinforcing bar. Its common stock has traded on the New York Stock Exchange for over 30 years under the symbol "RS" since its September 16, 1994 initial public offering.

Written from the business description in RELIANCE, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth
USD 14.3B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 14.3 · Net income 0.7
8B16B2008201120142017202020232025
Compound annual growth
−5.7%
+10.2%
+4.3%
+5.6%
−22.4%
+19.8%
+12.9%
+11.8%
+11.1%
+13.9%
+11.6%
+18.0%
−2.0%
+12.0%
+5.7%
+22.1%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +10.2% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
5 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 7.1% · Net 5.2%
5%10%2008201120142017202020232025
ROE
FY2025 · ROE 10.3%
10%20%2008201120142017202020232025

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

Cash & shareholders
USD 594.1M
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 0.5
0.8B1.6B2008201120142017202020232025
Net buybacks $B Dividends $B
FY2025 · Dividends — · Net buybacks 0.6
0.4B0.8B200820102012201420172019202120232025

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

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.

The 18-year record
18 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B14.313.814.817.014.18.811.011.59.78.69.410.59.28.48.16.35.38.7
Operating income $B1.01.21.72.51.90.61.00.90.70.50.50.60.60.70.60.40.30.9
EBITDA $B1.31.42.02.72.20.81.21.20.90.70.80.80.70.80.70.50.41.0
Income tax $B0.20.30.40.60.50.10.20.2−0.00.10.10.20.20.20.20.10.00.3
Net income $B0.70.91.31.81.40.40.70.60.60.30.30.40.30.40.30.20.10.5
Free cash flow $B0.51.01.21.80.61.01.10.40.20.50.90.20.50.40.10.10.90.5
EPS, diluted $13.9815.5622.6429.9221.975.6610.348.758.344.164.164.734.145.334.582.612.016.56
Dividend / sh $4.804.404.003.502.752.502.202.001.801.651.601.401.260.800.480.400.400.40
Payout %···········2930151015206
ROE %10.311.718.028.025.37.214.313.714.17.77.99.48.712.211.77.25.7·
Shares out B0.050.050.060.060.060.060.070.070.070.070.070.080.080.080.080.070.07·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 70 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 7 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityWholesale-Metals Service Centers & of fices
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2008

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