Reliance (RS) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Reliance

NYSE•Basic Materials•Steel

$384.23-9.98(-0.03%)Pre-market

Market Cap

$19.92B

P/E

22.3x

P/S

1.3x

P/B

2.7x

Reliance, Inc. operates as a diversified metal solutions provider and metals service center company primarily in the United States and Canada. The company distributes metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and other specialty steel products; and provides metals processing services to consumer products, general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, industrial machinery, and heavy industries. It sells its products directly to original equipment manufacturers, which primarily include small machine shops and fabricators. The company was formerly known as Reliance Steel & Aluminum Co. and changed its name to Reliance, Inc. in February 2024. Reliance, Inc. was founded in 1939 and is based in Phoenix, Arizona.

How this company scores

GoodMetricSide Score: 70/100

Strongest: Growth (24/25); weakest: Cash & Earnings Quality (13/25).

Profitability16/25

Growth24/25

Balance Sheet & Red Flags17/25

Cash & Earnings Quality13/25

Strengths

Growing revenueRising earningsLow leverageInterest easily covered

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 22.3x5y range 5.5x – 22.4x

Currently above its 20-quarter median.

P/S · 1.3x5y range 0.6x – 1.3x

Currently near its 20-quarter median.

P/B · 2.7x5y range 1.5x – 2.7x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Leverage Risk

Watch

Debt-to-equity has risen 58.6% recently — increasing financial risk even if the current ratio is manageable.

Price & Volume

Market Cap $19.92B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $15.81B
Q. Revenue: $4.63B
TTM EBITDA: $1.51B
TTM Op. Income: $1.24B
Q. Op. Income: $441.60M
TTM Net Income: $893.80M
Q. Net Income: $322.90M
EPS: $6.33
Shares Out.: $51.05M

$15.81B in TTM revenue grew 15.4% YoY, reaching $4.63B last quarter. TTM EBITDA of $1.51B and TTM operating income of $1.24B show growth is flowing through to the bottom line. TTM net income of $893.80M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 5 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 28.1%
EBITDA Margin: 11.0%
Op. Margin: 9.5%
Net Margin: 7.0%

Op. margin of 9.5% is up 1.0% YoY — cost efficiency is improving. Net margin at 7.0% and gross margin of 28.1% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 22.3x
P/S Ratio: 1.3x
P/B Ratio: 2.7x

At 22.3x P/E, the stock trades within typical market levels. P/S of 1.3x and P/B of 2.7x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 0% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $11.17B
Cash: $235.40M
Long-Term Debt: $1.66B
Book Value: $7.40B
D/E Ratio: 0.2
Debt/EBITDA: 3.3

With $11.17B in assets and $1.66B in long-term debt, D/E is 0.2and book value is $7.40B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 59% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $162.20M
TTM Free Cash Flow: $539.50M
FCF Margin: 3.4%
FCF / Net Income: 0.6

TTM FCF of $539.50M on $162.20M in operating cash flow. The FCF / Net Income ratio of 0.6x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is down 35% — a weakening trend.