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RELIANCE, INC.

RS Clue Score37
United States Fiscal year ends December CIK 0000861884
$402.45 +1.40% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $402.45 +179.44% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 13 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue8.61Operating income0.52Net income0.31EPS, diluted4.16Fiscal year 2017Revenue9.72 +12.9%Operating income0.66Net income0.62 +100.9%EPS, diluted8.34 +100.5%Fiscal year 2018Revenue11.53 +18.7%Operating income0.94Net income0.64 +3.3%EPS, diluted8.75 +4.9%Fiscal year 2019Revenue10.97 −4.9%Operating income1.01Net income0.71 +10.0%EPS, diluted10.34 +18.2%Fiscal year 2020Revenue8.81 −19.7%Operating income0.57Net income0.37 −47.3%EPS, diluted5.66 −45.3%Fiscal year 2021Revenue14.09 +59.9%Operating income1.95Net income1.42 +280.6%EPS, diluted21.97 +288.2%Fiscal year 2022Revenue17.03 +20.8%Operating income2.51Net income1.84 +30.1%EPS, diluted29.92 +36.2%Fiscal year 2023Revenue14.81 −13.0%Operating income1.74Net income1.34 −27.6%EPS, diluted22.64 −24.3%Fiscal year 2024Revenue13.84 −6.6%Operating income1.16Net income0.88 −34.5%EPS, diluted15.56 −31.3%Fiscal year 2025Revenue14.29 +3.3%Operating income1.01Net income0.74 −15.5%EPS, diluted13.98 −10.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 8.61 9.72 11.53 10.97 8.81 14.09 17.03 14.81 13.84 14.29
Growth +12.9% +18.7% −4.9% −19.7% +59.9% +20.8% −13.0% −6.6% +3.3%
Operating income 0.52 0.66 0.94 1.01 0.57 1.95 2.51 1.74 1.16 1.01
Net income 0.31 0.62 0.64 0.71 0.37 1.42 1.84 1.34 0.88 0.74
Growth +100.9% +3.3% +10.0% −47.3% +280.6% +30.1% −27.6% −34.5% −15.5%
EPS, diluted 4.16 8.34 8.75 10.34 5.66 21.97 29.92 22.64 15.56 13.98
Growth +100.5% +4.9% +18.2% −45.3% +288.2% +36.2% −24.3% −31.3% −10.2%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin6.0%Net margin3.6%Free cash flow margin5.5%Fiscal year 2017Operating margin6.8%Net margin6.4%Free cash flow margin2.4%Fiscal year 2018Operating margin8.1%Net margin5.6%Free cash flow margin3.7%Fiscal year 2019Operating margin9.2%Net margin6.4%Free cash flow margin9.7%Fiscal year 2020Operating margin6.4%Net margin4.2%Free cash flow margin11.4%Fiscal year 2021Operating margin13.8%Net margin10.1%Free cash flow margin4.0%Fiscal year 2022Operating margin14.7%Net margin10.8%Free cash flow margin10.4%Fiscal year 2023Operating margin11.7%Net margin9.0%Free cash flow margin8.1%Fiscal year 2024Operating margin8.4%Net margin6.3%Free cash flow margin7.2%Fiscal year 2025Operating margin7.1%Net margin5.2%Free cash flow margin3.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 6.0% 6.8% 8.1% 9.2% 6.4% 13.8% 14.7% 11.7% 8.4% 7.1%
Net margin 3.6% 6.4% 5.6% 6.4% 4.2% 10.1% 10.8% 9.0% 6.3% 5.2%
Free cash flow margin 5.5% 2.4% 3.7% 9.7% 11.4% 4.0% 10.4% 8.1% 7.2% 3.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.63Capital expenditure−0.15Free cash flow0.47Fiscal year 2017Operating cash flow0.40Capital expenditure−0.16Free cash flow0.24 −49.7%Buybacks−0.03Fiscal year 2018Operating cash flow0.66Capital expenditure−0.24Free cash flow0.42 +78.9%Buybacks−0.48Fiscal year 2019Operating cash flow1.30Capital expenditure−0.24Free cash flow1.06 +149.4%Buybacks−0.05Fiscal year 2020Operating cash flow1.17Capital expenditure−0.17Free cash flow1.00 −5.5%Buybacks−0.34Fiscal year 2021Operating cash flow0.80Capital expenditure−0.24Free cash flow0.56 −43.8%Buybacks−0.32Fiscal year 2022Operating cash flow2.12Capital expenditure−0.34Free cash flow1.78 +215.7%Buybacks−0.63Fiscal year 2023Operating cash flow1.67Capital expenditure−0.47Free cash flow1.20 −32.3%Buybacks−0.48Fiscal year 2024Operating cash flow1.43Capital expenditure−0.43Free cash flow1.00 −16.9%Buybacks−1.09Fiscal year 2025Operating cash flow0.83Capital expenditure−0.33Free cash flow0.50 −49.7%Buybacks−0.59
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.63 0.40 0.66 1.30 1.17 0.80 2.12 1.67 1.43 0.83
Capital expenditure −0.15 −0.16 −0.24 −0.24 −0.17 −0.24 −0.34 −0.47 −0.43 −0.33
Free cash flow 0.47 0.24 0.42 1.06 1.00 0.56 1.78 1.20 1.00 0.50
Growth −49.7% +78.9% +149.4% −5.5% −43.8% +215.7% −32.3% −16.9% −49.7%
Buybacks n/a −0.03 −0.48 −0.05 −0.34 −0.32 −0.63 −0.48 −1.09 −0.59

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.12Total debt1.85Net cash (debt)−1.72Shareholders’ equity4.15Debt to equity0.45Fiscal year 2017Cash0.15Total debt1.81Net cash (debt)−1.66Shareholders’ equity4.67Debt to equity0.39Fiscal year 2018Cash0.13Total debt2.14Net cash (debt)−2.01Shareholders’ equity4.67Debt to equity0.46Fiscal year 2019Cash0.17Total debt1.52Net cash (debt)−1.35Shareholders’ equity5.21Debt to equity0.29Fiscal year 2020Cash0.68Total debt1.64Net cash (debt)−0.96Shareholders’ equity5.12Debt to equity0.32Fiscal year 2021Cash0.30Total debt1.64Net cash (debt)−1.34Shareholders’ equity6.09Debt to equity0.27Fiscal year 2022Cash1.17Total debt1.14Net cash (debt)0.03Shareholders’ equity7.09Debt to equity0.16Fiscal year 2023Cash1.08Total debt1.14Net cash (debt)−0.06Shareholders’ equity7.72Debt to equity0.15Fiscal year 2024Cash0.32Total debt1.14Net cash (debt)−0.82Shareholders’ equity7.22Debt to equity0.16Fiscal year 2025Cash0.22Total debt1.42Net cash (debt)−1.20Shareholders’ equity7.17Debt to equity0.20
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.12 0.15 0.13 0.17 0.68 0.30 1.17 1.08 0.32 0.22
Total debt 1.85 1.81 2.14 1.52 1.64 1.64 1.14 1.14 1.14 1.42
Net cash (debt) −1.72 −1.66 −2.01 −1.35 −0.96 −1.34 0.03 −0.06 −0.82 −1.20
Shareholders’ equity 4.15 4.67 4.67 5.21 5.12 6.09 7.09 7.72 7.22 7.17
Debt to equity 0.45 0.39 0.46 0.29 0.32 0.27 0.16 0.15 0.16 0.20

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
8.61 9.72 11.53 10.97 8.81 14.09 17.03 14.81 13.84 14.29
Growth +12.9% +18.7% −4.9% −19.7% +59.9% +20.8% −13.0% −6.6% +3.3%
6.02 6.93 8.25 n/a n/a n/a n/a n/a n/a n/a
1.80 1.90 2.09 2.10 1.87 2.31 2.50 2.56 2.67 2.81
0.52 0.66 0.94 1.01 0.57 1.95 2.51 1.74 1.16 1.01
Growth +27.9% +41.5% +8.1% −44.2% +244.5% +28.6% −30.6% −33.3% −12.7%
0.43 0.58 0.85 0.93 0.48 1.88 2.43 1.74 1.14 0.97
0.12 −0.04 0.21 0.22 0.11 0.47 0.59 0.40 0.26 0.23
0.31 0.62 0.64 0.71 0.37 1.42 1.84 1.34 0.88 0.74
Growth +100.9% +3.3% +10.0% −47.3% +280.6% +30.1% −27.6% −34.5% −15.5%
Per share
4.21 8.42 8.85 10.49 5.74 22.35 30.39 22.90 15.70 14.07
4.16 8.34 8.75 10.34 5.66 21.97 29.92 22.64 15.56 13.98
Growth +100.5% +4.9% +18.2% −45.3% +288.2% +36.2% −24.3% −31.3% −10.2%
72.4 72.9 71.6 66.9 64.3 63.2 60.6 58.3 55.7 52.6
73.1 73.5 72.4 67.9 65.3 64.3 61.5 59.0 56.2 52.9
Growth +0.6% −1.5% −6.3% −3.8% −1.4% −4.4% −4.0% −4.7% −6.0%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 10.2% a year over five years, and earnings per share grew 19.8% a year.
  • The diluted share count fell 19.0% in five years, so buybacks did some of the work per share.
  • Operating margin is flat at 7.1%.
  • Profitable in every one of the 10 years on file.