RS

MKT CAP:$18B

Reliance Steel & Aluminum Co.

Market Cap

$18B

Basic Materials·Steel·🇺🇸 United States·NYSE

Materials·Steel·🇺🇸·NYSE

Stock Price

$350.87+$55.05 (+18.61%)

Apr 22, 2026

Company Details

Reliance Steel & Aluminum Co. operates as a diversified metal solutions provider and the metals service center company in the United States, Canada, and internationally. The company distributes a line of approximately 100,000 metal products...

CEO

Karla R. Lewis

IPO Date

Sep 16, 1994

Website

reliance.com

Key Metrics TTM

Revenue

$14.8B

+6.7% YoY

Net Income

$806M

EPS (Diluted)

$15.32

Free Cash Flow

$612M

Revenue / Share

$285.44

Gross Margin

27.2%

Operating Margin

7.5%

Net Margin

5.4%

FCF Margin

4.1%

P/S

1.2x

P/E

22.3x

Earnings Reports

Q1 2026

Apr 22, 2026

NEW

$4.0B+15.5%EPS $5.10

FY 2025

Feb 26, 2026

$14.3B+3.3%EPS $13.98

Q4 2025

Feb 26, 2026

$3.5B+11.9%EPS $2.22

Q3 2025

Oct 28, 2025

$3.7BEPS $3.59

Q2 2025

Jul 30, 2025

$3.7B+0.5%EPS $4.41

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$4.5B	$1.3B	$716M
Q2 22	$4.7B	$1.4B	$788M
Q3 22	$4.2B	$1.2B	$549M
Q4 22	$3.6B	$1.1B	$455M
Q1 23	$4.0B	$1.2B	$514M
Q2 23	$3.9B	$1.2B	$511M
Q3 23	$3.6B	$1.0B	$390M
Q4 23	$3.3B	$959M	$325M
Q1 24	$3.6B	$1.1B	$393M
Q2 24	$3.6B	$1.0B	$352M
Q4 24	$3.1B	$816M	$153M
Q1 25	$3.5B	$965M	$274M
Q2 25	$3.7B	$1.0B	$312M
Q3 25	$3.7B	$1.0B	$260M
Q4 25	$3.5B	$885M	$176M
Q1 26	$4.0B	$1.1B	$368M

Valuation

Quarter	P/S	P/E
Q1 22	1.1x	10.8x
Q2 22	1.1x	9.4x
Q3 22	1.0x	9.4x
Q4 22	1.1x	9.8x
Q1 23	1.1x	10.6x
Q2 23	1.1x	11.9x
Q3 23	1.2x	12.7x
Q4 23	1.2x	13.5x
Q1 24	1.2x	14.3x
Q2 24	1.3x	15.8x
Q4 24	1.3x	18.9x
Q1 25	1.3x	20.5x
Q2 25	1.3x	22.3x
Q3 25	1.3x	24.7x
Q4 25	1.3x	24.3x
Q1 26	1.2x	22.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$404M	$337M
Q2 22	$270M	$183M
Q3 22	$636M	$540M
Q4 22	$809M	$717M
Q1 23	$385M	$282M
Q2 23	$295M	$165M
Q3 23	$466M	$341M
Q4 23	$526M	$415M
Q1 24	$126M	$18M
Q2 24	$366M	$268M
Q4 24	$473M	$362M
Q1 25	$65M	-$22M
Q2 25	$229M	$141M
Q3 25	$262M	$181M
Q4 25	$276M	$203M
Q1 26	$151M	$87M

Capital Expenditures

Quarter	CapEx
Q1 22	$67M
Q2 22	$88M
Q3 22	$96M
Q4 22	$92M
Q1 23	$103M
Q2 23	$130M
Q3 23	$126M
Q4 23	$110M
Q1 24	$109M
Q2 24	$98M
Q4 24	$111M
Q1 25	$87M
Q2 25	$88M
Q3 25	$81M
Q4 25	$73M
Q1 26	$64M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+58.0%	+53.2%
Q2 22	+36.9%	+31.6%
Q3 22	+10.4%	+12.1%
Q4 22	-9.5%	-7.8%
Q1 23	-11.6%	-8.4%
Q2 23	-17.1%	-13.5%
Q3 23	-14.7%	-12.6%
Q4 23	-7.6%	-4.6%
Q1 24	-8.1%	-5.8%
Q2 24	-6.1%	-2.3%
Q4 24	-13.7%	-8.0%
Q1 25	+4.4%	+6.6%
Q2 25	+0.4%	+2.9%
Q3 25	+0.2%	+3.0%
Q4 25	+11.9%	+11.7%
Q1 26	+15.5%	+13.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$12M	0.3%
Q2 22	$18M	0.4%
Q3 22	$19M	0.4%
Q4 22	$17M	0.5%
Q1 23	$14M	0.3%
Q2 23	$18M	0.5%
Q3 23	$17M	0.5%
Q4 23	$17M	0.5%
Q1 24	$13M	0.4%
Q2 24	$14M	0.4%
Q4 24	$14M	0.4%
Q1 25	$12M	0.4%
Q2 25	$28M	0.8%
Q3 25	$3M	0.1%
Q4 25	$0	0.0%
Q1 26	$0	0.0%

OpEx Breakdown

Quarter	SG&A
Q1 22	$612M
Q2 22	$649M
Q3 22	$630M
Q4 22	$614M
Q1 23	$651M
Q2 23	$651M
Q3 23	$627M
Q4 23	$634M
Q1 24	$672M
Q2 24	$668M
Q4 24	$663M
Q1 25	$690M
Q2 25	$706M
Q3 25	$701M
Q4 25	$709M
Q1 26	$735M

Revenue Segments

Quarter	Alloy steel	Aluminum	Carbon steel	Other.	Stainless steel	Toll processing
Q1 22	$184M	$693M	$2.5B	$162M	$765M	$135M
Q2 22	$197M	$717M	$2.6B	$195M	$807M	$140M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$505M	$0	$505M
Q3 22	$644M	$0	$644M
Q4 22	$1.2B	$0	$1.2B
Q1 23	$816M	$0	$816M
Q2 23	$816M	$0	$816M
Q3 23	$977M	$0	$977M
Q4 23	$1.1B	$0	$1.1B
Q1 24	$935M	$0	$935M
Q2 24	$351M	$0	$351M
Q3 24	$315M	$0	$315M
Q4 24	$318M	$0	$318M
Q1 25	$278M	$0	$278M
Q2 25	$240M	$0	$240M
Q3 25	$261M	$0	$261M
Q4 25	$217M	$0	$217M
Q1 26	$250M	$0	$250M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	63M	-1.1%	-3.0%
Q2 22	63M	-0.3%	-3.4%
Q3 22	61M	-2.6%	-5.2%
Q4 22	60M	-2.2%	-6.0%
Q1 23	60M	-0.2%	-5.2%
Q2 23	59M	-0.3%	-5.2%
Q3 23	59M	-0.4%	-3.0%
Q4 23	58M	-1.8%	-2.7%
Q1 24	58M	-0.3%	-2.8%
Q2 24	57M	-0.8%	-3.3%
Q4 24	55M	-4.9%	-7.7%
Q1 25	53M	-2.1%	-8.0%
Q2 25	53M	-0.4%	-8.2%
Q3 25	53M	-0.6%	-8.0%
Q4 25	52M	-0.8%	-4.0%
Q1 26	52M	-0.8%	-2.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$327.4K	14K
Q2 22	$341.7K	14K
Q3 22	$310.0K	14K
Q4 22	$249.0K	15K
Q1 23	$273.5K	15K
Q2 23	$267.6K	15K
Q3 23	$249.9K	15K
Q4 23	$222.5K	15K
Q1 24	$243.0K	15K
Q2 24	$242.9K	15K
Q4 24	$196.6K	16K
Q1 25	$219.2K	16K
Q2 25	$230.2K	16K
Q3 25	$229.6K	16K
Q4 25	$222.8K	16K
Q1 26	$256.4K	16K

Revenue / Employee