Reliance (RS) Stock Fundamentals, Analysis & Risk Signals

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

Reliance

NYSE•Basic Materials•Steel

$415.62-2.30(-0.01%)Pre-market

Market Cap

$22.90B

P/E

20.7x

P/S

1.3x

P/B

3.0x

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: 72/100

Strongest: Growth (25/25); weakest: Cash & Earnings Quality (11/25).

Profitability18/25

Growth25/25

Balance Sheet & Red Flags18/25

Cash & Earnings Quality11/25

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 · 20.7x5y range 5.5x – 22.4x

Currently above its 20-quarter median.

P/S · 1.3x5y range 0.6x – 1.3x

Currently above its 20-quarter median.

P/B · 3.0x5y range 1.5x – 3.0x

Watch items

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

High Risk

Earnings Quality

Red Flag

FCF consistently trails net income (avg 0.9x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $22.90B

Metrics at a Glance

as of September 2026

Revenue & Profit

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

TTM Revenue: $17.37B
Q. Revenue: $5.21B
TTM EBITDA: $1.81B
TTM Op. Income: $1.53B
Q. Op. Income: $552.10M
TTM Net Income: $1.11B
Q. Net Income: $402.90M
EPS: $7.9
Shares Out.: $51.02M

$17.37B in TTM revenue grew 24.7% YoY, reaching $5.21B last quarter. TTM EBITDA of $1.81B and TTM operating income of $1.53B show growth is flowing through to the bottom line. TTM net income of $1.11B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 6 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 27.9%
EBITDA Margin: 11.9%
Op. Margin: 10.6%
Net Margin: 7.7%

Op. margin of 10.6% is up 3.5% YoY — cost efficiency is improving. Net margin at 7.7% and gross margin of 27.9% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 3 consecutive quarters — an improving trend.

Price Ratios

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

P/E Ratio: 20.7x
P/S Ratio: 1.3x
P/B Ratio: 3.0x

At 20.7x P/E, the stock trades within typical market levels. P/S of 1.3x and P/B of 3.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 4% — an improving trend.

Assets & Liabilities

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

Total Assets: $11.62B
Cash: $246.00M
Long-Term Debt: $1.64B
Book Value: $7.72B
D/E Ratio: 0.2
Debt/EBITDA: 2.6

With $11.62B in assets and $1.64B in long-term debt, D/E is 0.2and book value is $7.72B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

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

Op. Cash Flow: $212.00M
TTM Free Cash Flow: $491.90M
FCF Margin: 2.8%
FCF / Net Income: 0.4

TTM FCF of $491.90M on $212.00M in operating cash flow. The FCF / Net Income ratio of 0.4x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.