Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026
Basics
Sector
Basic Materials
Industry
Steel
Country
United States
Market cap
22.7B USD
Enterprise value
22.4B USD
Full-time employees
15,700
Overall health
Strength:more profitable than most peersmore profitable than peers
Strength:growing faster than most peersgrowing faster than peers
Drawback:its share price swings more than most peers’ (beta 0.95 vs a peer median of 0.69), though less than the overall marketbigger price swings (beta 0.95 vs peers 0.69)
About average: valuation
Ranks #306 of 1,217 basic materials companies (top 26%)
Profit below an unusually strong 2022.Since 2022 (an unusually strong year for operating profit): revenue −16%, operating profit −60%.Since 2022: revenue −16%, operating profit −60%.
Since 2022, Reliance's revenue changed −16% while operating profit fell 60%: costs rose faster than sales.
Share count shrinking. Shares outstanding down 13% from December 2022 to July 2026.
Reliance had 13% fewer shares at July 2026 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.
Since last quarter: No major changeValuation also moves with the share price every day.
Why it changed since the Oct 27, 2026 close: Score 45 → 43
Share price +2.6%-1
Peer companies moved-1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Why it changed since the Oct 27, 2026 close: Score 70 → 71
Peer companies moved+1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about Reliance
Is Reliance getting weaker?
Its latest SEC filing (Jul 28, 2026) showed no major changes. Its overall score is unchanged at 65/100 since Oct 28, 2026.
How is Reliance valued vs its peers?
Priced about in line with its peers. Valuation scores 43/100 against 1,371 basic materials peers.EBITDA yield 6.3% vs a peer median of 8.5% (weaker than 61% of peers).EBITDA yield 6.3% vs peers 8.5% (weaker than 61% of peers).
Is Reliance growing?
Yes, faster than most of its peers. Growth scores 65/100 against 1,371 basic materials peers.Revenue growth 15.4% vs a peer median of 3.4% (stronger than 76% of peers).Revenue growth 15.4% vs peers 3.4% (stronger than 76% of peers).
How profitable is Reliance?
More profitable than most of its peers. Profitability scores 71/100 against 1,371 basic materials peers.Return on assets 8.0% vs a peer median of 2.5% (stronger than 84% of peers).Return on assets 8.0% vs peers 2.5% (stronger than 84% of peers).
How risky is Reliance?
Lower risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings.Current ratio 4.30× vs a peer median of 1.76× (stronger than 87% of peers).Current ratio 4.30× vs peers 1.76× (stronger than 87% of peers).Beta 0.95 vs a peer median of 0.69 (weaker than 70% of peers).Beta 0.95 vs peers 0.69 (weaker than 70% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jun 30, 2026 · filed Jul 28, 2026 · compared with the quarter ended Mar 31, 2026
No major changes
Previous quarter
Latest quarter
Change
Revenue (12 months)
14.8B USD
15.8B USD
+6.5%
Net income (12 months)
804.6M USD
893.8M USD
+11.1%
Operating margin
7.5%
7.8%
+0.4 pts
Free cash flow (12 months)
612.1M USD
539.5M USD
−11.9%
Debt
1.7B USD
1.7B USD
−1.7%
Cash
249.7M USD
235.4M USD
−5.7%
Shares outstanding
51.0M
51.1M
+0.0%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Sector: Basic Materials · 121 companies
Valuations in Basic Materials are near the top of their range since 2016.
84% of months since 2016 were valued lower than now.
43% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +23% and earnings +13% (medians): prices and earnings moved broadly together.
Median price-to-sales is −9% vs the whole market, against a usual −27%.
2016Shaded: most expensive fifth of its range2026
Shown for Basic Materials: too few Steel companies have a long enough history of their own.
This is a cyclical group: after a downturn, trailing earnings and sales fall faster than prices, which can make valuations look high near a cycle's low.
Describes valuations since 2016; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, EBITDA, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY 2021
FY 2022
FY 2023
FY 2024
FY 2025
Change
Operating margin
13.8%
14.7%
11.7%
8.4%
7.1%
▼ 1.3 pts
Net margin
10.1%
10.8%
9.0%
6.3%
5.2%
▼ 1.2 pts
Return on assets (ROA)
14.9%
17.9%
12.7%
8.7%
7.1%
▼ 1.6 pts
Return on equity (ROE)
23.3%
26.0%
17.3%
12.1%
10.3%
▼ 1.8 pts
Free cash flow margin
4.0%
10.4%
8.1%
7.2%
3.5%
▼ 3.7 pts
Current ratio
3.91×
3.55×
5.66×
3.21×
4.88×
▲ 52%
Quick ratio
1.97×
2.10×
3.23×
1.54×
2.30×
▲ 50%
Debt to equity
0.27×
0.23×
0.15×
0.16×
0.20×
▲ 25%
Interest coverage
31.08×
40.24×
43.38×
28.78×
18.18×
▼ 37%
RS price history
Price history is added with the daily price update and will appear after the next one.