Reliance (RS) Financials

$276.85 -1.48 (-0.53%)

Closing price 03:59 PM Eastern

Extended Trading

$276.46 -0.39 (-0.14%)

As of 04:20 PM Eastern

Annual Income Statements for Reliance

This table shows Reliance's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	312	304	613	634	702	369	1,413	1,840	1,336	875
Consolidated Net Income / (Loss)	316	309	621	642	706	372	1,417	1,844	1,340	878
Net Income / (Loss) Continuing Operations	316	309	621	642	706	372	1,417	1,844	1,340	878
Total Pre-Tax Income	459	429	584	851	929	478	1,883	2,430	1,741	1,140
Total Operating Income	550	518	662	938	1,014	566	1,949	2,507	1,740	1,160
Total Gross Profit	2,547	2,590	2,788	3,282	3,329	2,775	4,490	5,251	4,547	4,107
Total Revenue	9,351	8,613	9,721	11,535	10,974	8,812	14,093	17,025	14,806	13,835
Operating Revenue	9,351	8,613	9,721	11,535	10,974	8,812	14,093	17,025	14,806	13,835
Total Cost of Revenue	6,804	6,023	6,933	8,253	7,644	6,037	9,603	11,774	10,259	9,728
Operating Cost of Revenue	6,804	6,023	6,933	8,253	7,644	6,037	9,603	11,774	10,259	9,728
Total Operating Expenses	1,997	2,073	2,125	2,344	2,316	2,209	2,541	2,744	2,808	2,947
Selling, General & Admin Expense	1,725	1,798	1,903	2,092	2,095	1,874	2,307	2,504	2,562	2,666
Depreciation Expense	219	222	218	215	219	227	230	240	245	269
Impairment Charge	53	52	4.20	37	1.20	108	4.70	0.00	0.00	12
Total Other Income / (Expense), net	-91	-89	-79	-87	-84	-88	-66	-77	1.20	-20
Interest Expense	84	85	74	86	85	63	63	62	40	40
Other Income / (Expense), net	-6.80	-4.00	-4.70	-0.70	0.80	-25	-3.10	-14	41	20
Income Tax Expense	143	120	-37	209	223	106	466	586	401	262
Net Income / (Loss) Attributable to Noncontrolling Interest	4.70	4.80	7.60	8.10	4.60	3.30	4.40	4.10	4.20	2.80
Basic Earnings per Share	$4.20	$4.21	$8.42	$8.85	$10.49	$5.74	$22.35	$30.39	$22.90	$15.70
Weighted Average Basic Shares Outstanding	74.10M	72.36M	72.85M	71.62M	66.89M	64.33M	63.22M	60.56M	58.33M	55.75M
Diluted Earnings per Share	$4.16	$4.16	$8.34	$8.75	$10.34	$5.66	$21.97	$29.92	$22.64	$15.56
Weighted Average Diluted Shares Outstanding	74.10M	72.36M	73.54M	72.44M	67.86M	65.26M	64.33M	61.50M	59.02M	56.25M
Weighted Average Basic & Diluted Shares Outstanding	74.10M	72.36M	72.85M	71.62M	66.86M	63.60M	61.70M	58.98M	57.43M	52.97M
Cash Dividends to Common per Share	$1.60	$1.65	$1.80	$2.00	$2.20	$2.50	$2.75	$3.50	$4.00	$4.40

This table shows Reliance's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	394	351	383	385	295	273	303	268	199	105
Consolidated Net Income / (Loss)	394	351	384	386	296	273	304	268	200	106
Net Income / (Loss) Continuing Operations	394	351	384	386	296	273	304	268	200	106
Total Pre-Tax Income	524	447	509	511	388	333	396	350	261	134
Total Operating Income	549	455	514	511	390	325	393	352	273	142
Total Gross Profit	1,239	1,130	1,226	1,223	1,077	1,022	1,128	1,086	1,006	886
Total Revenue	4,247	3,611	3,965	3,880	3,623	3,337	3,645	3,643	3,420	3,127
Operating Revenue	4,247	3,611	3,965	3,880	3,623	3,337	3,645	3,643	3,420	3,127
Total Cost of Revenue	3,008	2,481	2,739	2,658	2,546	2,316	2,517	2,557	2,414	2,241
Operating Cost of Revenue	3,008	2,481	2,739	2,658	2,546	2,316	2,517	2,557	2,414	2,241
Total Operating Expenses	691	675	712	711	688	697	735	734	733	744
Selling, General & Admin Expense	630	614	651	651	627	634	672	668	665	662
Depreciation Expense	60	61	61	61	61	63	64	67	68	71
Total Other Income / (Expense), net	-25	-8.20	-5.10	-0.40	-1.50	8.20	3.10	-2.00	-13	-8.30
Interest Expense	16	16	11	9.70	9.70	9.80	9.70	9.70	11	10
Other Income / (Expense), net	-8.90	7.30	5.80	9.30	8.20	18	13	7.70	-2.00	1.70
Income Tax Expense	130	95	124	125	92	60	92	81	61	28
Net Income / (Loss) Attributable to Noncontrolling Interest	0.90	0.80	1.30	1.20	1.00	0.70	0.90	0.50	0.70	0.70
Basic Earnings per Share	$6.55	$6.09	$6.51	$6.56	$5.05	$4.78	$5.28	$4.71	$3.64	$2.07
Weighted Average Basic Shares Outstanding	60.06M	60.56M	58.83M	58.69M	58.43M	58.33M	57.34M	56.88M	54.69M	55.75M
Diluted Earnings per Share	$6.45	$5.99	$6.43	$6.49	$4.99	$4.73	$5.23	$4.67	$3.61	$2.05
Weighted Average Diluted Shares Outstanding	60.98M	61.50M	59.53M	59.35M	59.12M	59.02M	57.88M	57.39M	55.18M	56.25M
Weighted Average Basic & Diluted Shares Outstanding	-	58.98M	58.79M	58.56M	57.47M	57.43M	57.43M	55.02M	54.12M	52.97M

This table details how cash moves in and out of Reliance's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-1.90	19	32	-26	46	509	-383	873	-93	-762
Net Cash From Operating Activities	1,025	627	399	665	1,302	1,173	799	2,119	1,671	1,430
Net Cash From Continuing Operating Activities	1,025	627	399	665	1,302	1,173	799	2,119	1,671	1,430
Net Income / (Loss) Continuing Operations	316	309	621	642	706	372	1,417	1,844	1,340	878
Consolidated Net Income / (Loss)	316	309	621	642	706	372	1,417	1,844	1,340	878
Depreciation Expense	219	222	218	215	219	227	230	240	245	269
Non-Cash Adjustments To Reconcile Net Income	82	89	43	83	64	187	85	96	68	81
Changes in Operating Assets and Liabilities, net	408	6.90	-483	-276	312	387	-934	-62	18	202
Net Cash From Investing Activities	-170	-505	-179	-281	-419	-188	-652	-349	-484	-804
Net Cash From Continuing Investing Activities	-170	-505	-179	-281	-419	-188	-652	-349	-484	-804
Purchase of Property, Plant & Equipment	-172	-155	-162	-240	-242	-172	-237	-342	-469	-431
Acquisitions	-0.40	-349	-38	-78	-178	-6.90	-439	0.00	-24	-365
Sale of Property, Plant & Equipment	7.40	8.90	28	29	8.00	6.70	36	11	11	4.70
Other Investing Activities, net	-4.70	-10	-7.60	7.30	-7.10	-16	-12	-18	-2.20	-13
Net Cash From Financing Activities	-849	-100	-198	-404	-841	-483	-529	-893	-1,282	-1,376
Net Cash From Continuing Financing Activities	-849	-100	-198	-404	-841	-483	-529	-893	-1,282	-1,376
Repayment of Debt	-974	-2,090	-925	-1,263	-1,610	-1,624	-27	-5.50	-511	-653
Repurchase of Common Equity	-356	-	-25	-485	-50	-337	-324	-630	-480	-1,094
Payment of Dividends	-120	-120	-132	-145	-151	-164	-177	-217	-238	-250
Issuance of Debt	586	2,073	883	1,519	971	1,674	20	0.00	0.00	663
Other Financing Activities, net	15	38	-	-29	-0.40	-31	-21	-40	-54	-43
Effect of Exchange Rate Changes	-8.50	-	-	-	-	-	-1.20	-4.60	1.70	-12
Cash Interest Paid	82	81	73	84	83	53	59	60	42	38
Cash Income Taxes Paid	205	95	171	229	214	88	444	692	386	245

This table details how cash moves in and out of Reliance's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	139	530	-357	0.10	161	103	-145	-584	-36	3.50
Net Cash From Operating Activities	636	809	385	295	466	526	126	366	464	473
Net Cash From Continuing Operating Activities	636	809	385	295	466	526	126	366	464	473
Net Income / (Loss) Continuing Operations	394	351	384	386	296	273	304	268	200	106
Consolidated Net Income / (Loss)	394	351	384	386	296	273	304	268	200	106
Depreciation Expense	60	61	61	61	61	63	64	67	68	71
Non-Cash Adjustments To Reconcile Net Income	26	16	13	20	22	12	16	15	17	33
Changes in Operating Assets and Liabilities, net	155	380	-74	-172	87	178	-257	17	179	264
Net Cash From Investing Activities	-95	-104	-103	-152	-113	-116	-177	-385	-111	-130
Net Cash From Continuing Investing Activities	-95	-104	-103	-152	-113	-116	-177	-385	-111	-130
Purchase of Property, Plant & Equipment	-96	-92	-103	-130	-126	-110	-109	-98	-113	-111
Acquisitions	-	-	0.00	-24	-	0.10	-54	-293	-20	2.10
Other Investing Activities, net	-0.10	-13	0.30	1.90	13	-17	-15	6.40	22	-26
Net Cash From Financing Activities	-395	-182	-639	-141	-190	-312	-90	-564	-395	-328
Net Cash From Continuing Financing Activities	-395	-182	-639	-141	-190	-312	-90	-564	-395	-328
Repayment of Debt	-0.50	-27	-501	-6.40	-3.40	0.30	-1.10	18	-560	-111
Repurchase of Common Equity	-337	-83	-39	-74	-126	-240	0.00	-519	-432	-142
Payment of Dividends	-53	-54	-62	-59	-59	-59	-65	-63	-61	-61
Other Financing Activities, net	-4.50	-18	-37	-0.10	-4.00	-13	-24	-0.20	-5.50	-13
Cash Interest Paid	8.80	21	14	9.30	8.80	9.30	8.80	9.20	9.70	10
Cash Income Taxes Paid	170	96	21	170	114	81	10	138	49	48

This table presents Reliance's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	7,122	7,411	7,751	8,045	8,131	8,107	9,536	10,330	10,480	10,022
Total Current Assets	2,554	2,689	3,051	3,285	3,010	3,113	4,160	4,887	4,772	3,896
Cash & Equivalents	104	123	154	128	174	684	301	1,173	1,080	318
Accounts Receivable	917	960	1,087	1,242	1,068	926	1,683	1,566	1,472	1,342
Inventories, net	1,436	1,533	1,726	1,817	1,646	1,420	2,065	1,995	2,043	2,027
Prepaid Expenses	61	73	81	82	85	81	112	116	140	148
Current Deferred & Refundable Income Taxes	37	-	2.90	16	37	2.10	0.00	37	36	60
Plant, Property, & Equipment, net	1,636	1,662	1,656	1,730	1,795	1,792	1,837	1,975	2,248	2,545
Total Noncurrent Assets	2,932	3,061	3,043	3,030	3,326	3,202	3,539	3,469	3,460	3,581
Goodwill	1,725	1,827	1,843	1,871	2,004	1,935	2,108	2,106	2,111	2,162
Intangible Assets	1,125	1,151	1,112	1,072	1,031	947	1,078	1,020	981	1,007
Other Noncurrent Operating Assets	82	82	89	87	291	320	354	343	368	412
Total Liabilities & Shareholders' Equity	7,122	7,411	7,751	8,045	8,131	8,107	9,536	10,330	10,480	10,022
Total Liabilities	3,179	3,232	3,051	3,365	2,917	2,984	3,442	3,234	2,748	2,791
Total Current Liabilities	990	656	704	699	675	613	1,065	1,375	844	1,213
Short-Term Debt	501	83	92	65	65	6.00	5.00	508	0.30	400
Accounts Payable	247	302	347	339	275	259	454	412	410	362
Accrued Expenses	123	124	126	120	111	131	189	162	163	195
Current Employee Benefit Liabilities	119	141	139	175	172	166	294	240	214	195
Other Current Liabilities	-	-	-	-	53	51	59	53	56	61
Total Noncurrent Liabilities	2,189	2,576	2,347	2,666	2,242	2,371	2,377	1,859	1,904	1,578
Long-Term Debt	1,428	1,847	1,809	2,139	1,524	1,639	1,642	1,139	1,142	743
Noncurrent Deferred & Payable Income Tax Liabilities	627	627	441	440	469	456	485	477	494	538
Noncurrent Employee Benefit Liabilities	104	90	85	72	87	96	38	26	25	27
Other Noncurrent Operating Liabilities	30	13	12	16	162	181	213	217	243	271
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,943	4,179	4,700	4,680	5,214	5,123	6,094	7,096	7,733	7,231
Total Preferred & Common Equity	3,914	4,149	4,667	4,672	5,207	5,115	6,087	7,087	7,722	7,220
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,914	4,149	4,667	4,672	5,207	5,115	6,087	7,087	7,722	7,220
Common Stock	534	590	595	136	122	0.10	0.10	0.10	0.10	0.10
Retained Earnings	3,480	3,663	4,144	4,638	5,190	5,193	6,155	7,174	7,799	7,335
Accumulated Other Comprehensive Income / (Loss)	-100	-105	-72	-103	-105	-78	-69	-86	-77	-115
Noncontrolling Interest	29	30	33	7.90	7.50	7.30	7.20	8.50	11	11

This table presents Reliance's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	10,203	10,440	10,493	10,712	10,448	10,301
Total Current Assets	4,712	4,858	4,859	4,923	4,433	4,213
Cash & Equivalents	816	816	977	935	351	315
Accounts Receivable	1,800	1,730	1,666	1,686	1,651	1,567
Inventories, net	1,981	2,202	2,110	2,167	2,289	2,206
Prepaid Expenses	114	110	105	136	132	124
Current Deferred & Refundable Income Taxes	0.00	0.00	1.00	0.00	9.80	1.90
Plant, Property, & Equipment, net	2,025	2,116	2,189	2,309	2,438	2,503
Plant, Property & Equipment, gross	4,152	4,284	4,397	4,561	4,734	4,845
Accumulated Depreciation	2,127	2,168	2,208	2,251	2,296	2,342
Total Noncurrent Assets	3,466	3,466	3,445	3,480	3,578	3,585
Goodwill	2,106	2,110	2,109	2,125	2,167	2,171
Intangible Assets	1,008	1,003	990	986	1,036	1,032
Other Noncurrent Operating Assets	352	353	346	368	375	383
Total Liabilities & Shareholders' Equity	10,203	10,440	10,493	10,712	10,448	10,301
Total Liabilities	2,849	2,815	2,758	2,770	2,815	2,940
Total Current Liabilities	975	938	879	857	884	1,273
Short-Term Debt	8.20	0.30	0.30	0.30	0.30	400
Accounts Payable	545	500	445	450	458	441
Accrued Expenses	159	180	174	164	194	178
Current Employee Benefit Liabilities	144	182	203	140	174	194
Other Current Liabilities	53	55	56	56	57	60
Total Noncurrent Liabilities	1,873	1,877	1,879	1,912	1,932	1,667
Long-Term Debt	1,140	1,141	1,142	1,143	1,143	868
Noncurrent Deferred & Payable Income Tax Liabilities	476	476	476	493	502	502
Noncurrent Employee Benefit Liabilities	30	31	30	28	28	29
Other Noncurrent Operating Liabilities	227	229	232	249	259	268
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	7,354	7,626	7,735	7,943	7,633	7,361
Total Preferred & Common Equity	7,346	7,616	7,724	7,932	7,623	7,351
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	7,346	7,616	7,724	7,932	7,623	7,351
Common Stock	0.10	0.10	0.10	0.10	0.10	0.10
Retained Earnings	7,432	7,702	7,824	8,026	7,724	7,434
Accumulated Other Comprehensive Income / (Loss)	-87	-87	-99	-93	-102	-83
Noncontrolling Interest	8.70	9.90	11	10	10	11

This table displays calculated financial ratios and metrics derived from Reliance's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-10.54%	-7.88%	12.86%	18.66%	-4.86%	-19.70%	59.93%	20.80%	-13.03%	-6.56%
EBITDA Growth	-9.56%	-3.37%	19.07%	31.49%	7.08%	-37.71%	183.19%	25.59%	-25.86%	-28.49%
EBIT Growth	-13.56%	-5.38%	28.01%	42.44%	8.27%	-46.65%	259.60%	28.11%	-28.56%	-33.73%
NOPAT Growth	-10.88%	-1.61%	88.95%	0.39%	8.87%	-42.78%	232.92%	29.68%	-29.60%	-33.28%
Net Income Growth	-15.97%	-2.25%	100.91%	3.35%	10.02%	-47.26%	280.61%	30.11%	-27.33%	-34.48%
EPS Growth	-12.05%	0.00%	100.48%	4.92%	18.17%	-45.26%	288.16%	36.19%	-24.33%	-31.27%
Operating Cash Flow Growth	187.92%	-38.88%	-36.31%	66.57%	95.83%	-9.87%	-31.85%	165.02%	-21.11%	-14.45%
Free Cash Flow Firm Growth	34,431.31%	-83.49%	57.41%	64.17%	124.61%	9.82%	-88.75%	1,499.20%	-37.12%	-43.18%
Invested Capital Growth	-8.80%	3.79%	7.71%	4.78%	-1.88%	-8.21%	22.29%	1.75%	2.97%	3.34%
Revenue Q/Q Growth	-5.56%	0.41%	3.35%	3.94%	-3.23%	-3.44%	15.15%	0.00%	-1.81%	-1.50%
EBITDA Q/Q Growth	-3.25%	0.38%	2.54%	0.61%	7.06%	-5.42%	21.35%	0.00%	-5.48%	-11.70%
EBIT Q/Q Growth	-4.28%	0.27%	3.59%	0.84%	8.41%	-7.58%	24.37%	0.00%	-6.26%	-14.47%
NOPAT Q/Q Growth	-3.65%	-2.89%	63.10%	-24.94%	10.44%	-7.27%	24.69%	0.00%	-6.33%	-14.76%
Net Income Q/Q Growth	-7.27%	-1.90%	63.38%	-25.22%	12.60%	-8.77%	25.92%	0.00%	-5.49%	-16.01%
EPS Q/Q Growth	-5.02%	-3.26%	64.50%	-24.50%	13.01%	-7.52%	26.70%	0.00%	-5.27%	-14.69%
Operating Cash Flow Q/Q Growth	12.70%	-10.02%	-8.74%	53.13%	-6.06%	-9.08%	25.73%	0.00%	-14.49%	-3.53%
Free Cash Flow Firm Q/Q Growth	21.99%	-29.80%	-17.95%	94.42%	-20.40%	5.39%	-72.33%	-74.22%	117.22%	-0.19%
Invested Capital Q/Q Growth	-3.10%	-2.13%	3.13%	-3.34%	1.06%	-0.26%	8.21%	0.00%	-1.33%	-3.11%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	27.24%	30.07%	28.68%	28.45%	30.34%	31.49%	31.86%	30.84%	30.71%	29.68%
EBITDA Margin	8.14%	8.54%	9.01%	9.99%	11.24%	8.72%	15.44%	16.05%	13.69%	10.47%
Operating Margin	5.88%	6.01%	6.81%	8.13%	9.24%	6.42%	13.83%	14.72%	11.75%	8.38%
EBIT Margin	5.81%	5.97%	6.77%	8.12%	9.24%	6.14%	13.81%	14.64%	12.03%	8.53%
Profit (Net Income) Margin	3.38%	3.59%	6.39%	5.56%	6.43%	4.23%	10.06%	10.83%	9.05%	6.35%
Tax Burden Percent	68.93%	72.02%	106.37%	75.45%	75.98%	77.88%	75.27%	75.88%	76.99%	77.02%
Interest Burden Percent	84.48%	83.53%	88.76%	90.80%	91.62%	88.38%	96.78%	97.50%	97.75%	96.59%
Effective Tax Rate	31.07%	27.98%	-6.37%	24.55%	24.02%	22.12%	24.73%	24.12%	23.01%	22.98%
Return on Invested Capital (ROIC)	6.27%	6.35%	11.34%	10.72%	11.51%	6.93%	21.69%	25.35%	17.43%	11.27%
ROIC Less NNEP Spread (ROIC-NNEP)	3.15%	2.83%	6.63%	7.29%	7.84%	1.19%	17.40%	18.97%	17.78%	7.78%
Return on Net Nonoperating Assets (RNNOA)	1.57%	1.27%	2.65%	2.97%	2.77%	0.27%	3.58%	2.62%	0.64%	0.46%
Return on Equity (ROE)	7.84%	7.61%	13.99%	13.69%	14.27%	7.21%	25.27%	27.96%	18.07%	11.74%
Cash Return on Invested Capital (CROIC)	15.48%	2.63%	3.91%	6.05%	13.40%	15.49%	1.64%	23.62%	14.51%	7.99%
Operating Return on Assets (OROA)	7.27%	7.07%	8.68%	11.86%	12.54%	6.66%	22.06%	25.10%	17.11%	11.51%
Return on Assets (ROA)	4.23%	4.25%	8.19%	8.13%	8.73%	4.59%	16.07%	18.57%	12.88%	8.57%
Return on Common Equity (ROCE)	7.78%	7.56%	13.89%	13.63%	14.25%	7.20%	25.24%	27.93%	18.05%	11.72%
Return on Equity Simple (ROE_SIMPLE)	8.08%	7.45%	13.31%	13.74%	13.56%	7.28%	23.29%	26.02%	17.35%	12.16%
Net Operating Profit after Tax (NOPAT)	379	373	705	707	770	441	1,467	1,902	1,339	893
NOPAT Margin	4.05%	4.33%	7.25%	6.13%	7.02%	5.00%	10.41%	11.17%	9.04%	6.46%
Net Nonoperating Expense Percent (NNEP)	3.12%	3.51%	4.71%	3.43%	3.67%	5.74%	4.29%	6.38%	-0.34%	3.49%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	21.76%	15.09%	10.67%
Cost of Revenue to Revenue	72.76%	69.93%	71.32%	71.55%	69.66%	68.51%	68.14%	69.16%	69.29%	70.32%
SG&A Expenses to Revenue	18.45%	20.88%	19.57%	18.14%	19.09%	21.27%	16.37%	14.71%	17.31%	19.27%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	21.36%	24.06%	21.86%	20.32%	21.10%	25.07%	18.03%	16.12%	18.96%	21.30%
Earnings before Interest and Taxes (EBIT)	543	514	658	937	1,014	541	1,946	2,493	1,781	1,180
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	762	736	876	1,152	1,234	768	2,176	2,733	2,026	1,449
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.89	1.19	1.17	0.96	1.41	1.40	1.60	1.67	2.05	2.02
Price to Tangible Book Value (P/TBV)	3.26	4.22	3.20	2.60	3.37	3.21	3.35	2.99	3.42	3.60
Price to Revenue (P/Rev)	0.37	0.57	0.56	0.39	0.67	0.81	0.69	0.70	1.07	1.05
Price to Earnings (P/E)	11.14	16.23	8.94	7.09	10.44	19.44	6.88	6.44	11.86	16.65
Dividend Yield	3.30%	2.42%	2.39%	3.13%	2.00%	2.22%	1.77%	1.78%	1.45%	1.63%
Earnings Yield	8.98%	6.16%	11.19%	14.10%	9.58%	5.14%	14.53%	15.53%	8.43%	6.01%
Enterprise Value to Invested Capital (EV/IC)	0.92	1.13	1.13	0.97	1.32	1.34	1.49	1.63	2.04	1.91
Enterprise Value to Revenue (EV/Rev)	0.57	0.79	0.75	0.57	0.80	0.92	0.79	0.72	1.08	1.11
Enterprise Value to EBITDA (EV/EBITDA)	6.99	9.21	8.29	5.71	7.09	10.60	5.09	4.51	7.86	10.63
Enterprise Value to EBIT (EV/EBIT)	9.80	13.19	11.04	7.02	8.62	15.05	5.69	4.95	8.94	13.06
Enterprise Value to NOPAT (EV/NOPAT)	14.04	18.17	10.31	9.30	11.36	18.49	7.55	6.48	11.88	17.24
Enterprise Value to Operating Cash Flow (EV/OCF)	5.19	10.81	18.20	9.90	6.72	6.94	13.85	5.82	9.52	10.78
Enterprise Value to Free Cash Flow (EV/FCFF)	5.69	43.85	29.86	16.48	9.75	8.27	99.93	6.96	14.28	24.33
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.49	0.46	0.40	0.47	0.30	0.32	0.27	0.23	0.15	0.16
Long-Term Debt to Equity	0.36	0.44	0.39	0.46	0.29	0.32	0.27	0.16	0.15	0.10
Financial Leverage	0.50	0.45	0.40	0.41	0.35	0.23	0.21	0.14	0.04	0.06
Leverage Ratio	1.85	1.79	1.71	1.68	1.64	1.57	1.57	1.51	1.40	1.37
Compound Leverage Factor	1.56	1.49	1.52	1.53	1.50	1.39	1.52	1.47	1.37	1.32
Debt to Total Capital	32.85%	31.58%	28.80%	32.02%	23.35%	24.31%	21.28%	18.84%	12.87%	13.64%
Short-Term Debt to Total Capital	8.53%	1.35%	1.39%	0.95%	0.95%	0.09%	0.06%	5.81%	0.00%	4.77%
Long-Term Debt to Total Capital	24.32%	30.23%	27.41%	31.07%	22.40%	24.22%	21.21%	13.03%	12.87%	8.87%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.49%	0.50%	0.50%	0.11%	0.11%	0.11%	0.09%	0.10%	0.12%	0.13%
Common Equity to Total Capital	66.66%	67.92%	70.70%	67.87%	76.54%	75.59%	78.63%	81.06%	87.01%	86.22%
Debt to EBITDA	2.53	2.62	2.17	1.91	1.29	2.14	0.76	0.60	0.56	0.79
Net Debt to EBITDA	2.40	2.46	1.99	1.80	1.15	1.25	0.62	0.17	0.03	0.57
Long-Term Debt to EBITDA	1.88	2.51	2.07	1.86	1.24	2.13	0.75	0.42	0.56	0.51
Debt to NOPAT	5.09	5.17	2.70	3.12	2.06	3.73	1.12	0.87	0.85	1.28
Net Debt to NOPAT	4.81	4.84	2.48	2.93	1.84	2.18	0.92	0.25	0.05	0.92
Long-Term Debt to NOPAT	3.77	4.95	2.57	3.02	1.98	3.72	1.12	0.60	0.85	0.83
Altman Z-Score	3.17	3.33	3.72	3.81	4.51	4.02	5.14	6.02	6.92	6.25
Noncontrolling Interest Sharing Ratio	0.71%	0.73%	0.71%	0.43%	0.16%	0.14%	0.13%	0.12%	0.13%	0.14%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.58	4.10	4.34	4.70	4.46	5.08	3.91	3.55	5.66	3.21
Quick Ratio	1.03	1.65	1.76	1.96	1.84	2.63	1.86	1.99	3.03	1.37
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	936	155	243	399	897	985	111	1,772	1,114	633
Operating Cash Flow to CapEx	621.97%	429.11%	297.76%	315.42%	555.72%	709.62%	398.50%	640.25%	365.15%	335.71%
Free Cash Flow to Firm to Interest Expense	11.10	1.83	3.29	4.63	10.55	15.66	1.77	28.45	27.79	15.71
Operating Cash Flow to Interest Expense	12.16	7.41	5.40	7.71	15.31	18.65	12.75	34.01	41.68	35.48
Operating Cash Flow Less CapEx to Interest Expense	10.20	5.68	3.59	5.27	12.56	16.02	9.55	28.70	30.26	24.91
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.25	1.19	1.28	1.46	1.36	1.09	1.60	1.71	1.42	1.35
Accounts Receivable Turnover	9.07	9.18	9.50	9.90	9.50	8.84	10.80	10.48	9.75	9.83
Inventory Turnover	4.27	4.06	4.26	4.66	4.42	3.94	5.51	5.80	5.08	4.78
Fixed Asset Turnover	5.68	5.22	5.86	6.81	6.23	4.91	7.77	8.93	7.01	5.77
Accounts Payable Turnover	25.51	21.93	21.37	24.08	24.91	22.60	26.93	27.18	24.94	25.20
Days Sales Outstanding (DSO)	40.23	39.77	38.44	36.86	38.42	41.30	33.79	34.82	37.45	37.13
Days Inventory Outstanding (DIO)	85.52	89.95	85.77	78.35	82.67	92.69	66.24	62.94	71.84	76.35
Days Payable Outstanding (DPO)	14.31	16.64	17.08	15.16	14.65	16.15	13.55	13.43	14.64	14.49
Cash Conversion Cycle (CCC)	111.44	113.07	107.13	100.05	106.43	117.84	86.47	84.33	94.66	98.99
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,767	5,986	6,447	6,755	6,628	6,084	7,440	7,570	7,795	8,055
Invested Capital Turnover	1.55	1.47	1.56	1.75	1.64	1.39	2.08	2.27	1.93	1.75
Increase / (Decrease) in Invested Capital	-557	218	461	308	-127	-544	1,356	130	225	260
Enterprise Value (EV)	5,323	6,775	7,262	6,578	8,747	8,145	11,076	12,330	15,916	15,408
Market Capitalization	3,470	4,938	5,483	4,495	7,326	7,177	9,722	11,848	15,843	14,572
Book Value per Share	$54.63	$57.17	$64.01	$66.33	$78.11	$80.23	$97.14	$117.03	$134.37	$133.40
Tangible Book Value per Share	$14.85	$16.13	$23.48	$24.55	$32.58	$35.03	$46.30	$65.42	$80.56	$74.84
Total Capital	5,871	6,108	6,601	6,883	6,803	6,768	7,741	8,744	8,875	8,373
Total Debt	1,929	1,929	1,901	2,204	1,589	1,645	1,647	1,648	1,142	1,143
Total Long-Term Debt	1,428	1,847	1,809	2,139	1,524	1,639	1,642	1,139	1,142	743
Net Debt	1,824	1,806	1,747	2,076	1,414	961	1,347	474	62	824
Capital Expenditures (CapEx)	165	146	134	211	234	165	201	331	458	426
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,961	1,992	2,285	2,523	2,226	1,822	2,800	2,846	2,848	2,764
Debt-free Net Working Capital (DFNWC)	2,065	2,115	2,440	2,651	2,400	2,506	3,100	4,020	3,929	3,082
Net Working Capital (NWC)	1,565	2,033	2,348	2,586	2,335	2,500	3,095	3,511	3,928	2,683
Net Nonoperating Expense (NNE)	63	64	84	66	64	68	50	58	-0.92	15
Net Nonoperating Obligations (NNO)	1,824	1,806	1,747	2,076	1,414	961	1,347	474	62	824
Total Depreciation and Amortization (D&A)	219	222	218	215	219	227	230	240	245	269
Debt-free, Cash-free Net Working Capital to Revenue	20.97%	23.13%	23.51%	21.87%	20.28%	20.68%	19.86%	16.72%	19.24%	19.98%
Debt-free Net Working Capital to Revenue	22.09%	24.55%	25.10%	22.98%	21.87%	28.44%	22.00%	23.61%	26.53%	22.28%
Net Working Capital to Revenue	16.73%	23.60%	24.15%	22.42%	21.28%	28.37%	21.96%	20.62%	26.53%	19.39%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.20	$4.21	$8.42	$8.85	$10.49	$5.74	$22.35	$30.39	$22.90	$15.70
Adjusted Weighted Average Basic Shares Outstanding	71.87M	72.86M	72.83M	67.08M	66.89M	64.33M	63.22M	60.56M	58.33M	55.75M
Adjusted Diluted Earnings per Share	$4.16	$4.16	$8.34	$8.75	$10.34	$5.66	$21.97	$29.92	$22.64	$15.56
Adjusted Weighted Average Diluted Shares Outstanding	71.87M	72.86M	72.83M	67.08M	67.86M	65.26M	64.33M	61.50M	59.02M	56.25M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	71.87M	72.86M	72.83M	67.08M	66.86M	63.60M	61.70M	58.98M	57.43M	52.97M
Normalized Net Operating Profit after Tax (NOPAT)	416	411	467	735	771	525	1,470	1,902	1,339	902
Normalized NOPAT Margin	4.45%	4.77%	4.80%	6.37%	7.03%	5.95%	10.43%	11.17%	9.04%	6.52%
Pre Tax Income Margin	4.91%	4.98%	6.01%	7.37%	8.47%	5.43%	13.36%	14.28%	11.76%	8.24%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.44	6.07	8.90	10.87	11.93	8.60	31.03	40.01	44.41	29.29
NOPAT to Interest Expense	4.50	4.41	9.53	8.21	9.06	7.01	23.40	30.53	33.40	22.17
EBIT Less CapEx to Interest Expense	4.49	4.35	7.09	8.42	9.18	5.97	27.83	34.70	33.00	18.72
NOPAT Less CapEx to Interest Expense	2.54	2.68	7.72	5.76	6.30	4.38	20.20	25.22	21.98	11.60
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	37.98%	38.95%	21.26%	22.64%	21.43%	44.07%	12.49%	11.77%	17.77%	28.44%
Augmented Payout Ratio	150.41%	38.95%	25.28%	98.19%	28.51%	134.64%	35.31%	45.95%	53.55%	153.01%

This table displays calculated financial ratios and metrics derived from Reliance's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	-11.60%	-17.11%	-14.70%	-7.57%	-8.08%	-6.11%	-5.59%	-6.31%
EBITDA Growth	-0.81%	0.00%	-24.80%	-30.58%	-23.62%	-22.45%	-19.12%	-26.73%	-25.97%	-47.27%
EBIT Growth	-1.57%	0.00%	-27.13%	-33.10%	-26.30%	-25.75%	-21.85%	-30.96%	-31.76%	-58.18%
NOPAT Growth	1.22%	0.00%	-27.94%	-34.77%	-28.02%	-25.46%	-22.36%	-30.20%	-29.39%	-57.78%
Net Income Growth	0.00%	0.00%	-26.73%	-32.69%	-24.95%	-22.17%	-20.97%	-30.55%	-32.47%	-61.23%
EPS Growth	0.00%	0.00%	-22.81%	-29.07%	-22.64%	-21.04%	-18.66%	-28.04%	-27.66%	-56.66%
Operating Cash Flow Growth	347.05%	0.00%	-4.80%	9.22%	-26.70%	-35.01%	-67.16%	24.13%	-0.45%	-9.95%
Free Cash Flow Firm Growth	2,079.92%	116.80%	139.28%	151.67%	-204.31%	-81.58%	-147.82%	-146.46%	97.32%	-451.67%
Invested Capital Growth	-100.00%	1.75%	0.63%	-0.70%	0.00%	2.97%	6.04%	5.98%	5.24%	3.34%
Revenue Q/Q Growth	-9.27%	-14.98%	9.82%	-2.14%	-6.63%	-7.89%	9.21%	-0.04%	-6.12%	-8.59%
EBITDA Q/Q Growth	-28.36%	-12.75%	10.89%	0.16%	-21.17%	-11.41%	15.64%	-9.27%	-20.35%	-36.90%
EBIT Q/Q Growth	-30.66%	-14.36%	12.40%	0.23%	-23.61%	-13.73%	18.30%	-11.46%	-24.49%	-47.13%
NOPAT Q/Q Growth	-30.34%	-13.34%	8.53%	-0.43%	-23.14%	-10.25%	13.03%	-10.48%	-22.25%	-46.33%
Net Income Q/Q Growth	-31.28%	-10.93%	9.42%	0.49%	-23.38%	-7.64%	11.12%	-11.69%	-25.49%	-46.97%
EPS Q/Q Growth	-29.51%	-7.13%	7.35%	0.93%	-23.11%	-5.21%	10.57%	-10.71%	-22.70%	-43.21%
Operating Cash Flow Q/Q Growth	135.27%	27.21%	-52.44%	-23.27%	57.91%	12.79%	-75.97%	190.02%	26.64%	2.03%
Free Cash Flow Firm Q/Q Growth	951.12%	-96.87%	49.29%	30.09%	-1,818.20%	100.55%	-487.57%	-26.36%	0.81%	27.61%
Invested Capital Q/Q Growth	-100.00%	0.00%	1.54%	3.43%	-0.63%	-1.33%	4.57%	3.38%	-1.33%	-3.11%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	29.17%	31.29%	30.92%	31.51%	29.73%	30.61%	30.95%	29.81%	29.42%	28.34%
EBITDA Margin	14.13%	14.50%	14.64%	14.98%	12.65%	12.17%	12.88%	11.69%	9.92%	6.85%
Operating Margin	12.91%	12.60%	12.95%	13.18%	10.75%	9.74%	10.79%	9.65%	7.99%	4.54%
EBIT Margin	12.70%	12.80%	13.10%	13.42%	10.98%	10.28%	11.14%	9.86%	7.94%	4.59%
Profit (Net Income) Margin	9.29%	9.73%	9.69%	9.96%	8.17%	8.19%	8.34%	7.36%	5.84%	3.39%
Tax Burden Percent	75.27%	78.66%	75.59%	75.61%	76.29%	82.03%	76.68%	76.72%	76.74%	79.40%
Interest Burden Percent	97.11%	96.65%	97.90%	98.14%	97.56%	97.14%	97.61%	97.30%	95.98%	93.03%
Effective Tax Rate	24.73%	21.34%	24.41%	24.39%	23.71%	17.97%	23.32%	23.28%	23.26%	20.60%
Return on Invested Capital (ROIC)	0.00%	22.48%	21.09%	19.61%	31.31%	15.40%	15.13%	12.89%	10.63%	6.29%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	21.77%	20.55%	19.57%	29.92%	17.91%	16.01%	12.61%	8.86%	4.80%
Return on Net Nonoperating Assets (RNNOA)	0.00%	3.00%	2.12%	1.98%	0.64%	0.65%	0.57%	0.92%	0.66%	0.28%
Return on Equity (ROE)	0.00%	25.48%	23.21%	21.59%	31.95%	16.05%	15.69%	13.81%	11.28%	6.57%
Cash Return on Invested Capital (CROIC)	200.00%	23.62%	22.23%	20.07%	-163.81%	14.51%	9.95%	8.06%	7.83%	7.99%
Operating Return on Assets (OROA)	0.00%	21.94%	21.28%	20.22%	31.55%	14.63%	15.43%	13.46%	10.72%	6.19%
Return on Assets (ROA)	0.00%	16.68%	15.75%	15.00%	23.48%	11.66%	11.55%	10.05%	7.90%	4.58%
Return on Common Equity (ROCE)	0.00%	25.45%	23.18%	21.57%	31.90%	16.03%	15.67%	13.79%	11.27%	6.56%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	23.20%	19.91%	18.36%	0.00%	15.88%	14.97%	14.22%	0.00%
Net Operating Profit after Tax (NOPAT)	413	358	388	387	297	267	301	270	210	113
NOPAT Margin	9.72%	9.91%	9.79%	9.96%	8.20%	7.99%	8.27%	7.41%	6.13%	3.60%
Net Nonoperating Expense Percent (NNEP)	3.66%	0.71%	0.54%	0.04%	1.39%	-2.51%	-0.88%	0.27%	1.77%	1.49%
Return On Investment Capital (ROIC_SIMPLE)	-	4.09%	-	-	-	3.00%	-	-	-	1.34%
Cost of Revenue to Revenue	70.83%	68.71%	69.08%	68.49%	70.27%	69.39%	69.05%	70.19%	70.58%	71.66%
SG&A Expenses to Revenue	14.84%	16.99%	16.43%	16.77%	17.30%	18.99%	18.42%	18.33%	19.44%	21.17%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	16.26%	18.69%	17.97%	18.33%	18.98%	20.87%	20.17%	20.15%	21.43%	23.81%
Earnings before Interest and Taxes (EBIT)	540	462	519	521	398	343	406	359	271	144
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	600	524	581	581	458	406	470	426	339	214
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	1.67	2.02	2.06	1.96	2.05	2.40	2.14	2.16	2.02
Price to Tangible Book Value (P/TBV)	0.00	2.99	3.50	3.48	3.27	3.42	3.95	3.70	3.84	3.60
Price to Revenue (P/Rev)	0.00	0.70	0.90	1.00	1.00	1.07	1.31	1.15	1.13	1.05
Price to Earnings (P/E)	0.00	6.44	8.71	10.37	10.70	11.86	15.17	14.35	15.26	16.65
Dividend Yield	1.96%	1.78%	1.44%	1.41%	1.50%	1.45%	1.24%	1.48%	1.49%	1.63%
Earnings Yield	0.00%	15.53%	11.48%	9.64%	9.34%	8.43%	6.59%	6.97%	6.55%	6.01%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.63	1.97	2.01	1.94	2.04	2.36	2.03	2.03	1.91
Enterprise Value to Revenue (EV/Rev)	0.00	0.72	0.92	1.02	1.02	1.08	1.33	1.20	1.20	1.11
Enterprise Value to EBITDA (EV/EBITDA)	0.00	4.51	5.96	7.01	7.14	7.86	10.06	9.74	10.28	10.63
Enterprise Value to EBIT (EV/EBIT)	0.00	4.95	6.59	7.84	8.06	8.94	11.55	11.38	12.23	13.06
Enterprise Value to NOPAT (EV/NOPAT)	0.00	6.48	8.65	10.36	10.71	11.88	15.38	15.10	16.10	17.24
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	5.82	7.22	7.54	7.83	9.52	13.63	11.55	11.39	10.78
Enterprise Value to Free Cash Flow (EV/FCFF)	1.48	6.96	8.89	10.00	0.00	14.28	24.44	25.97	26.59	24.33
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.23	0.16	0.15	0.15	0.15	0.14	0.15	0.17	0.16
Long-Term Debt to Equity	0.00	0.16	0.16	0.15	0.15	0.15	0.14	0.15	0.12	0.10
Financial Leverage	0.17	0.14	0.10	0.10	0.02	0.04	0.04	0.07	0.07	0.06
Leverage Ratio	1.58	1.51	1.46	1.44	1.36	1.40	1.37	1.37	1.38	1.37
Compound Leverage Factor	1.53	1.46	1.43	1.41	1.32	1.36	1.33	1.33	1.32	1.27
Debt to Total Capital	0.00%	18.84%	13.51%	13.02%	12.86%	12.87%	12.58%	13.03%	14.69%	13.64%
Short-Term Debt to Total Capital	0.00%	5.81%	0.10%	0.00%	0.00%	0.00%	0.00%	0.00%	4.63%	4.77%
Long-Term Debt to Total Capital	0.00%	13.03%	13.41%	13.01%	12.86%	12.87%	12.58%	13.03%	10.06%	8.87%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.10%	0.10%	0.11%	0.12%	0.12%	0.11%	0.11%	0.12%	0.13%
Common Equity to Total Capital	0.00%	81.06%	86.39%	86.87%	87.01%	87.01%	87.31%	86.86%	85.19%	86.22%
Debt to EBITDA	0.00	0.60	0.45	0.50	0.53	0.56	0.60	0.65	0.77	0.79
Net Debt to EBITDA	0.00	0.17	0.13	0.14	0.08	0.03	0.11	0.45	0.58	0.57
Long-Term Debt to EBITDA	0.00	0.42	0.45	0.50	0.53	0.56	0.60	0.65	0.53	0.51
Debt to NOPAT	0.00	0.87	0.66	0.74	0.80	0.85	0.91	1.01	1.21	1.28
Net Debt to NOPAT	0.00	0.25	0.19	0.21	0.12	0.05	0.17	0.70	0.91	0.92
Long-Term Debt to NOPAT	0.00	0.60	0.65	0.74	0.80	0.85	0.91	1.01	0.83	0.83
Altman Z-Score	0.00	5.37	6.36	6.49	6.35	6.47	7.11	6.40	6.05	5.91
Noncontrolling Interest Sharing Ratio	0.12%	0.12%	0.12%	0.13%	0.14%	0.13%	0.12%	0.13%	0.14%	0.14%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	3.55	4.83	5.18	5.53	5.66	5.74	5.02	3.31	3.21
Quick Ratio	0.00	1.99	2.68	2.72	3.01	3.03	3.06	2.27	1.48	1.37
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	7,289	228	340	443	-7,603	42	-163	-206	-204	-148
Operating Cash Flow to CapEx	669.86%	888.68%	373.76%	226.65%	371.31%	476.95%	116.19%	373.01%	411.26%	426.78%
Free Cash Flow to Firm to Interest Expense	467.22	14.70	31.21	45.62	-783.82	4.28	-16.77	-21.19	-18.71	-14.76
Operating Cash Flow to Interest Expense	40.75	52.17	35.28	30.42	48.04	53.63	13.02	37.76	42.56	47.33
Operating Cash Flow Less CapEx to Interest Expense	34.67	46.30	25.84	17.00	35.10	42.39	1.81	27.64	32.21	36.24
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	1.71	1.62	1.51	2.87	1.42	1.39	1.36	1.35	1.35
Accounts Receivable Turnover	0.00	10.48	8.51	8.30	0.00	9.75	8.31	8.43	8.69	9.83
Inventory Turnover	0.00	5.80	5.72	4.78	0.00	5.08	4.84	4.42	4.54	4.78
Fixed Asset Turnover	0.00	8.93	8.52	7.84	0.00	7.01	6.68	6.26	5.99	5.77
Accounts Payable Turnover	0.00	27.18	19.33	18.71	0.00	24.94	20.18	20.74	22.12	25.20
Days Sales Outstanding (DSO)	0.00	34.82	42.89	43.97	0.00	37.45	43.92	43.30	42.01	37.13
Days Inventory Outstanding (DIO)	0.00	62.94	63.82	76.35	0.00	71.84	75.44	82.49	80.35	76.35
Days Payable Outstanding (DPO)	0.00	13.43	18.89	19.51	0.00	14.64	18.09	17.60	16.50	14.49
Cash Conversion Cycle (CCC)	0.00	84.33	87.83	100.81	0.00	94.66	101.27	108.19	105.85	98.99
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	7,570	7,687	7,950	7,900	7,795	8,151	8,426	8,314	8,055
Invested Capital Turnover	0.00	2.27	2.15	1.97	3.82	1.93	1.83	1.74	1.73	1.75
Increase / (Decrease) in Invested Capital	-6,876	130	48	-56	7,900	225	464	475	414	260
Enterprise Value (EV)	10,199	12,330	15,147	16,015	15,308	15,916	19,265	17,140	16,874	15,408
Market Capitalization	10,199	11,848	14,806	15,680	15,132	15,843	19,046	16,337	15,911	14,572
Book Value per Share	$0.00	$117.03	$124.55	$129.53	$131.91	$134.37	$138.13	$132.74	$133.61	$133.40
Tangible Book Value per Share	$0.00	$65.42	$71.75	$76.59	$78.99	$80.56	$83.95	$76.96	$75.40	$74.84
Total Capital	0.00	8,744	8,503	8,767	8,877	8,875	9,086	8,777	8,629	8,373
Total Debt	0.00	1,648	1,148	1,141	1,142	1,142	1,143	1,144	1,267	1,143
Total Long-Term Debt	0.00	1,139	1,140	1,141	1,142	1,142	1,143	1,143	868	743
Net Debt	0.00	474	332	325	165	62	208	793	953	824
Capital Expenditures (CapEx)	95	91	103	130	126	110	109	98	113	111
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	2,846	2,929	3,105	3,004	2,848	3,131	3,199	3,025	2,764
Debt-free Net Working Capital (DFNWC)	0.00	4,020	3,745	3,921	3,981	3,929	4,066	3,549	3,340	3,082
Net Working Capital (NWC)	0.00	3,511	3,737	3,921	3,980	3,928	4,066	3,549	2,940	2,683
Net Nonoperating Expense (NNE)	18	6.45	3.86	0.30	1.14	-6.73	-2.38	1.53	9.90	6.59
Net Nonoperating Obligations (NNO)	0.00	474	332	325	165	62	208	793	953	824
Total Depreciation and Amortization (D&A)	60	61	61	61	61	63	64	67	68	71
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	16.72%	17.74%	19.77%	19.92%	19.24%	21.62%	22.45%	21.54%	19.98%
Debt-free Net Working Capital to Revenue	0.00%	23.61%	22.69%	24.97%	26.40%	26.53%	28.07%	24.91%	23.78%	22.28%
Net Working Capital to Revenue	0.00%	20.62%	22.64%	24.97%	26.40%	26.53%	28.07%	24.91%	20.93%	19.39%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$6.09	$6.51	$6.56	$5.05	$4.78	$5.28	$4.71	$3.64	$2.07
Adjusted Weighted Average Basic Shares Outstanding	0.00	60.56M	58.83M	58.69M	58.43M	58.33M	57.34M	56.88M	54.69M	55.75M
Adjusted Diluted Earnings per Share	$0.00	$5.99	$6.43	$6.49	$4.99	$4.73	$5.23	$4.67	$3.61	$2.05
Adjusted Weighted Average Diluted Shares Outstanding	0.00	61.50M	59.53M	59.35M	59.12M	59.02M	57.88M	57.39M	55.18M	56.25M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	58.98M	58.79M	58.56M	57.47M	57.43M	57.43M	55.02M	54.12M	52.97M
Normalized Net Operating Profit after Tax (NOPAT)	413	358	388	387	297	267	301	270	210	113
Normalized NOPAT Margin	9.72%	9.91%	9.79%	9.96%	8.20%	7.99%	8.27%	7.41%	6.13%	3.60%
Pre Tax Income Margin	12.34%	12.37%	12.82%	13.17%	10.71%	9.99%	10.87%	9.60%	7.62%	4.27%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	34.59	29.81	47.65	53.67	41.00	35.01	41.85	37.05	24.90	14.35
NOPAT to Interest Expense	26.46	23.08	35.62	39.86	30.63	27.21	31.07	27.82	19.25	11.26
EBIT Less CapEx to Interest Expense	28.51	23.94	38.21	40.25	28.06	23.77	30.64	26.93	14.55	3.26
NOPAT Less CapEx to Interest Expense	20.38	17.21	26.18	26.43	17.70	15.97	19.87	17.69	8.90	0.17
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	11.77%	13.05%	14.98%	16.42%	17.77%	19.17%	21.50%	23.66%	28.44%
Augmented Payout Ratio	0.00%	45.95%	51.32%	50.07%	39.12%	53.55%	54.15%	99.12%	137.64%	153.01%

Frequently Asked Questions About Reliance's Financials

When does Reliance's fiscal year end?

According to the most recent income statement we have on file, Reliance's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Reliance's net income changed over the last 9 years?

Reliance's net income appears to be on an upward trend, with a most recent value of $878 million in 2024, rising from $316.20 million in 2015. The previous period was $1.34 billion in 2023.

What is Reliance's operating income?

Reliance's total operating income in 2024 was $1.16 billion, based on the following breakdown:

Total Gross Profit: $4.11 billion
Total Operating Expenses: $2.95 billion

How has Reliance revenue changed over the last 9 years?

Over the last 9 years, Reliance's total revenue changed from $9.35 billion in 2015 to $13.84 billion in 2024, a change of 48.0%.

How much debt does Reliance have?

Reliance's total liabilities were at $2.79 billion at the end of 2024, a 1.6% increase from 2023, and a 12.2% decrease since 2015.

How much cash does Reliance have?

In the past 9 years, Reliance's cash and equivalents has ranged from $104.30 million in 2015 to $1.17 billion in 2022, and is currently $318.10 million as of their latest financial filing in 2024.

How has Reliance's book value per share changed over the last 9 years?

Over the last 9 years, Reliance's book value per share changed from 54.63 in 2015 to 133.40 in 2024, a change of 144.2%.

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This page (NYSE:RS) was last updated on 4/15/2025 by MarketBeat.com Staff

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Reliance (RS) Financials

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Reliance (RS) Financials

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