SEC data is missing this company's latest quarter
SEC data is missing this company's latest quarter: the SEC's companyfacts (refetched) ends at 2026-03-31 while its index lists a statement period 2026-06-30 — the SEC's aggregation omitted the filing; not recoverable from any archive we read Found by the Foundation Sweep four-quarter pass 2026-09-11; held under the four-quarter coverage policy (2026-09-11) and released automatically once the pass resolves it.
This page shows our last published analysis, from Sep 1, 2026.
It is not being updated, and new reports can't be run for this company.
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What this page is: Delvantic's full research page for Reliance, Inc. (RS) — AI-driven forensic equity research: mechanical valuation models (DCF, EPV, anchored-PE, scenario) plus three independent AI lenses (Quality / Value / Sentiment). Everything below is rendered server-side; you are not missing content that requires JavaScript. All scores are predictions and research opinions, not financial advice.
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Reliance, Inc.
RS NYSE
Basic Materials · Steel
Phoenix, AZ 85009, United States
reliance.com
Price
$389.38
Market Cap
$19.6B
Employees
15,700
Beta
0.97
Avg Volume
362,717
Last Dividend
$4.95
CEO
Ms. Karla R. Lewis CPA
Reliance, Inc. is a metals service center and diversified metal solutions provider that supplies and processes a broad range of metal products for industrial customers. The company distributes materials such as aluminum, carbon steel, stainless steel, alloy, brass, copper, titanium, and other specialty metals, while also providing value-added services including cutting, sawing, laser processing, plate processing, toll processing, fabrication, and inventory management. Reliance serves a wide mix of end markets, including non-residential construction, transportation, aerospace, energy, electronics, semiconductor fabrication, industrial machinery, consumer products, and heavy industry. Through its network of locations, the company focuses on delivering metal products in ready-to-use forms and supporting customers with just-in-time supply solutions across the United States and select international markets.
Runs with full report
Price Overview
Price at report time
$389.38
as of Sep 1, 2:55pm (21d ago)
Change · Sep 1
+5.33 (+1.39%)
Day Range
$382.03 – $391.56
52-Week Range
$260.31 – $433.02
50-Day MA
$397.24
200-Day MA
$344.77
Volume
13,843.00
Right now · live
Log in to get the live feed
Members see the real-time price and the move since this report (over 21d).
Share Structure
Outstanding
51,053,000.00
Float
50,800,303.00
Free Float
99.5%
High free float
— 99.5% of shares trade freely, ~0.5% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
TD Twelve Data statement
HEX SEC filing
P/E · trailing (TTM) (Price per dollar of earnings over the past year — not a run-rate or forward P/E)
HEXStock Price / EPS (Diluted)
27.85
Stock Price: $389.38
EPS (Diluted): 13.98
EPS (Diluted): 13.98
P/B Ratio (Price vs net asset value)
HEXStock Price / Book Value Per Share
2.87
Stock Price: $389.38
Total Equity: $7.18B
Shares: 52,875,000
Total Equity: $7.18B
Shares: 52,875,000
EV/EBITDA (Total value vs operating profit)
HEXEnterprise Value / EBITDA
16.79
Market Cap: $19.61B
Total Debt: $1.42B
Cash: $216.60M
EBITDA: $1.29B
Total Debt: $1.42B
Cash: $216.60M
EBITDA: $1.29B
Enterprise Value (Takeover price (cap + debt - cash))
HEXMarket Cap + Total Debt - Cash
$21.7B
Market Cap: $19.61B
Total Debt: $1.42B
Cash: $216.60M
Total Debt: $1.42B
Cash: $216.60M
Gross Margin (Revenue left after direct costs)
HEXGross Profit / Revenue
28.7%
Gross Profit: $4.11B
Revenue: $14.29B
Revenue: $14.29B
Operating Margin (Revenue left after all operations)
HEXOperating Income / Revenue
7.1%
Operating Income: $1.01B
Revenue: $14.29B
Revenue: $14.29B
Net Margin (Revenue left as actual profit)
HEXNet Income / Revenue
5.2%
Net Income: $739.40M
Revenue: $14.29B
Revenue: $14.29B
ROE (Profit from shareholder equity)
HEXNet Income / Total Equity
10.3%
Net Income: $739.40M
Total Equity: $7.18B
Total Equity: $7.18B
ROIC (Profit from all invested capital)
HEXNOPAT / Invested Capital
9.2%
Operating Income: $1.01B
Tax Rate: 23.5%
Equity: $7.18B
Total Debt: $1.42B
Cash: $216.60M
Tax Rate: 23.5%
Equity: $7.18B
Total Debt: $1.42B
Cash: $216.60M
Current Ratio (Can it pay short-term bills)
HEXCurrent Assets / Current Liabilities
4.88
Current Assets: $4.14B
Current Liabilities: $848.10M
Current Liabilities: $848.10M
Debt/Equity (Leverage — debt vs equity)
HEXTotal Debt / Total Equity
0.20
Short-Term Debt: $700,000
Long-Term Debt: $1.42B
Total Debt: $1.42B
Total Equity: $7.18B
Long-Term Debt: $1.42B
Total Debt: $1.42B
Total Equity: $7.18B
Rev/Share (Top-line per share)
HEXRevenue / Shares Outstanding
$270.34
Revenue: $14.29B
Shares: 52,875,000
Shares: 52,875,000
Book Value/Share (Net assets per share)
HEX(Total Assets - Total Liabilities) / Shares
$135.78
Total Equity: $7.18B
Shares: 52,875,000
Shares: 52,875,000
FCF/Share (Real cash generated per share)
HEX(Operating Cash Flow + CapEx) / Shares
$9.50
Operating CF: $831.40M
CapEx: -$328.90M
Shares: 52,875,000
CapEx: -$328.90M
Shares: 52,875,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
TDLast Annual Dividend / Stock Price
1.3%
Last Dividend: $4.95
Stock Price: $389.38
Stock Price: $389.38
Payout Ratio (Earnings paid out as dividends)
HEXDividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $739.40M
Net Income: $739.40M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares RS against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Income Statement (Annual)
Last updated: Sep 1, 2026 2:58pm (21d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $14.1B | $17.0B | $14.8B | $13.8B | $14.3B |
| Cost of Revenue | $9.6B | $11.8B | $10.3B | $9.7B | $10.2B |
| Gross Profit | $4.5B | $5.3B | $4.5B | $4.1B | $4.1B |
| Operating Expenses | $2.5B | $2.7B | $2.8B | $2.9B | $3.1B |
| Operating Income | $1.9B | $2.5B | $1.7B | $1.2B | $1.0B |
| Net Income | — | — | $1.3B | $875.2M | $739.4M |
| EBITDA | $2.2B | $2.7B | $2.0B | $1.4B | $1.3B |
| EPS | $22.35 | $30.39 | $22.90 | $15.70 | $14.07 |
| EPS (Diluted) | $21.97 | $29.92 | $22.64 | $15.56 | $13.98 |
Balance Sheet (Annual)
Last updated: Sep 1, 2026 2:55pm (21d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $300.5M | $1.2B | $1.1B | $318.1M | $216.6M |
| Total Current Assets | $4.2B | $4.9B | $4.8B | $3.9B | $4.1B |
| Total Assets | $9.5B | $10.3B | $10.5B | $10.0B | $10.4B |
| Current Liabilities | $1.1B | $1.4B | $843.6M | $1.2B | $848.1M |
| Long-Term Debt | $1.6B | $1.1B | $1.1B | $742.8M | $1.4B |
| Total Liabilities | $3.4B | $3.2B | $2.7B | $2.8B | $3.2B |
| Total Equity | $6.1B | $7.1B | $7.7B | $7.2B | $7.2B |
| Retained Earnings | $6.2B | $7.2B | $7.8B | $7.3B | $7.3B |
Cash Flow (Annual)
Last updated: Sep 1, 2026 3:03pm (21d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $799.4M | $2.1B | $1.7B | $1.4B | $831.4M |
| Capital Expenditure | -$236.6M | -$341.8M | -$468.8M | -$430.6M | -$328.9M |
| Free Cash Flow | $562.8M | $1.8B | $1.2B | $999.2M | $502.5M |
| Acquisitions (net) | -$439.3M | — | -$24.0M | -$364.6M | -$2.8M |
| Net Debt Issued / (Repaid) | -$20.7M | $-300,000 | -$506.1M | -$663.3M | -$2.4B |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$323.5M | -$630.3M | -$479.5M | -$1.1B | -$594.1M |
| Net Change in Cash | -$383.0M | $872.9M | -$93.2M | -$762.1M | -$101.5M |
Growth Trends (YoY %)
Last updated: Sep 1, 2026 2:58pm (21d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +20.8% | -13.0% | -6.6% | +3.3% |
| Gross Profit Growth | +16.9% | -13.4% | -9.7% | +0.0% |
| Operating Income Growth | +28.6% | -30.6% | -33.3% | -12.7% |
| Net Income Growth | — | — | -34.5% | -15.5% |
| EBITDA Growth | +26.1% | -27.7% | -28.0% | -9.6% |
Dividend History (Last 20)
Last updated: Sep 1, 2026 2:55pm (21d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-08-14 | $1.25 | — | — | — |
| 2026-05-22 | $1.25 | — | — | — |
| 2026-03-06 | $1.25 | — | — | — |
| 2025-11-21 | $1.20 | — | — | — |
| 2025-08-15 | $1.20 | — | — | — |
| 2025-05-23 | $1.20 | — | — | — |
| 2025-03-07 | $1.20 | — | — | — |
| 2024-11-22 | $1.10 | — | — | — |
| 2024-08-16 | $1.10 | — | — | — |
| 2024-05-23 | $1.10 | — | — | — |
| 2024-03-07 | $1.10 | — | — | — |
| 2023-11-16 | $1.00 | — | — | — |
| 2023-08-17 | $1.00 | — | — | — |
| 2023-05-25 | $1.00 | — | — | — |
| 2023-03-09 | $1.00 | — | — | — |
| 2022-11-17 | $0.88 | — | — | — |
| 2022-08-18 | $0.88 | — | — | — |
| 2022-05-26 | $0.88 | — | — | — |
| 2022-03-10 | $0.88 | — | — | — |
| 2021-11-18 | $0.69 | — | — | — |
Deep Analysis
0Company Classification
1Industry Landscape
2Company Momentum
3Forward Projection
4aDCF Valuation
4bEarnings Power Value
4cAnchored PE
4dReverse DCF
4eRevenue-Based DCF
4fAnchored P/S
4gScenario Analysis
4hDividend Discount Model
4iBook Value Analysis
4jInsider Activity
4fCash Flow Quality
4gDebt Maturity Risk
4hMacro Environment
4iSector Intelligence
4jRevenue Confidence
4kSensitivity Analysis
4lSector Demand Cycle
5AI Investigation
5bThesis Evaluation
6Valuation Synthesis
computed
not applicable
not yet run 0 computed · 6 not applicable · 18 not yet run
Risk : Reward — upside vs downside from this company's own quarters
Not computed yet
Why there is no ratio: Risk:reward has not been computed for this name yet — its report predates the mechanical valuation chain. It is added, at $0, the next time a report or the nightly touches this ticker.
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for RS — it's generated by the pipeline (
market-narrative step).
Claude Reading
No AI findings yet for RS — they're generated by the
pipeline (
ai-findings step) when a report is run on this ticker.
GPT Reading
Skipped in the Qwen lane lane by design —
the GPT seat runs only in the full report.
Grok Reading
Skipped in the Qwen lane lane by design —
the Grok seat runs only in the full report.
Advanced Analysis Forensic deep-dive · separate lenses
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My Notes
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v1.1.676 · abbe4534 · 2026-09-22 23:17:29