RS
RELIANCE, INC.
Next earnings Jul 22, 2026 · consensus $5.54 EPS, $4.36B rev
Last earnings +4.4% on 2026-04-22
$385.78
▼ -4.93%$385.78▲ +26.74%
over 1Y
L $262.77EODHDH $413.43
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-4.9%
1W-4.4%
1M+2.0%
3M+29.2%
YTD+31.4%
1Y+26.7%
Hold
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 18 analysts
Buy
Reliance is taking share with record tons sold, but tariff-driven margin pressure cut EPS for a third straight year — and 28x earnings is rich for a cyclical.
Revenue $14.3B · FY2025
The read
Middling fundamentals and a rich price (~69% above fair value) leave little margin of safety — a wait-and-see.
Reliance grew net sales 3.3% to $14.3B in FY2025 on record tons sold (up 6.2%), gaining share in a metals service-center market the MD&A says contracted about 1.0% industry-wide. That operational execution is genuine — value-added processing now covers roughly 50% of orders, supporting an industry-leading 28.7% LIFO gross margin. But the earnings line is moving the wrong way: net income fell 15.5% to $739M and diluted EPS dropped 10.2% to $13.98, the third consecutive annual decline from $22.64 in FY2023 to $15.56 in FY2024 to $13.98 now. Operating margin compressed to 7.1% from 8.4%, and operating income fell 12.7% to $1.01B.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $14.1B | $17.0B | $14.8B | $13.8B | $14.3B |
| Gross profit | — | — | — | — | — |
| Operating income | $1.95B | $2.51B | $1.74B | $1.16B | $1.01B |
| Net income | — | — | $1.34B | $875M | $739M |
| Diluted EPS | $21.97 | $29.92 | $22.64 | $15.56 | $13.98 |
| Net margin | — | — | 9.0% | 6.3% | 5.2% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$21.2B
EV / EBITDA16.4
EV / Sales1.5
EV / FCF42.1
P / FCF39.7
PEG (trailing)—
Earnings yield3.7%
FCF yield2.5%
Quality & risk
ROIC (est.)9.3%
Free cash flow$503M
Total debt$1.42B
Net cash-$1.20B
Altman Z-Score6.81 safe
Piotroski F-Score5/8
Capital returns
Buyback yield3.0%
Dividend yield (est.)0.5%
Shareholder yield3.5%
Shares Δ YoY-2.3%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
Recent filings
all on EDGAR ↗11-KPeriod ending 2025-12-312026-06-16open ↗11-KPeriod ending 2025-12-312026-06-16open ↗4Period ending 2026-05-202026-05-22open ↗4Period ending 2026-05-202026-05-22open ↗4Period ending 2026-05-202026-05-22open ↗4Period ending 2026-05-202026-05-22open ↗4Period ending 2026-05-202026-05-22open ↗4Period ending 2026-05-202026-05-22open ↗4Period ending 2026-05-202026-05-22open ↗4Period ending 2026-05-202026-05-22open ↗8-KPeriod ending 2026-05-202026-05-21open ↗SDFiling2026-05-11open ↗
Frequently asked
- Is RELIANCE, INC. (RS) a buy?
- RS currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Reliance is taking share with record tons sold, but tariff-driven margin pressure cut EPS for a third straight year — and 28x earnings is rich for a cyclical.
- What is RS's fair value?
- A Modified-Graham model based on RS's SEC fundamentals estimates a fair value of about $118.83. It is an estimate from reported earnings, not a price target.
- Is RS overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, RS currently appears overvalued relative to its SEC-grounded earnings power.
- What is RELIANCE, INC.'s quality score?
- RS scores 62.84313725490196/100 (grade C+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000861884, latest 10-Q filed 2026-04-29) · EODHD · analysis by claude-code · as of 6/21/2026, 8:42:21 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.