RS financial statements

The full income statement, balance sheet, and cash-flow statement for Reliance Inc. (RS), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-03 57.4M2024-06 55.0M2024-09 54.1M2024-12 53.0M2025-03 52.6M2025-06 52.6M2025-09 52.3M2025-12 51.7M2026-03 51.0M-11.1% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	14.3B YoY+3.3%	13.8B YoY-6.6%	14.8B YoY-13.0%	17.0B YoY+20.8%	14.1B YoY+59.9%
Selling, general & administrative	2.81B YoY+5.3%	2.67B YoY+4.1%	2.56B YoY+2.3%	2.50B YoY+8.6%	2.31B YoY+23.1%
Amortization of intangibles	39.2M YoY-8.0%	42.6M YoY-2.7%	43.8M YoY-8.9%	48.1M YoY+24.3%	38.7M YoY-2.3%
Provision for credit losses	3.00M YoY+36.4%	2.20M YoY-37.1%	3.50M YoY+2.9%	3.40M YoY-65.3%	9.80M YoY+69.0%
Operating income	1.01B YoY-12.7%	1.16B YoY-33.3%	1.74B YoY-30.6%	2.51B YoY+28.6%	1.95B YoY+244.5%
Interest expense	55.7M YoY+38.2%	40.3M YoY+0.5%	40.1M YoY-35.6%	62.3M YoY-0.6%	62.7M YoY-0.3%
Other non-operating income	12.2M YoY-39.6%	20.2M YoY-51.1%	41.3M YoY+390.8%	-14.2M YoY-358.1%	-3.10M YoY+87.4%
Pre-tax income	969M YoY-15.0%	1.14B YoY-34.5%	1.74B YoY-28.4%	2.43B YoY+29.1%	1.88B YoY+293.8%
Income tax	228M YoY-13.1%	262M YoY-34.6%	401M YoY-31.7%	586M YoY+25.9%	466M YoY+340.2%
	739M YoY-15.5%	875M YoY-34.5%	1.34B YoY-27.6%	1.84B YoY+30.1%	1.42B YoY+280.6%
Net income to non-controlling interest	2.20M YoY-21.4%	2.80M YoY-33.3%	4.20M YoY+2.4%	4.10M YoY-6.8%	4.40M YoY+33.3%
Net income to common	739M YoY-15.5%	875M YoY-34.5%	1.34B YoY-27.4%	1.84B YoY+30.2%	1.41B YoY+282.8%
	$13.98 YoY-10.2%	$15.56 YoY-31.3%	$22.64 YoY-24.3%	$29.92 YoY+36.2%	$21.97 YoY+288.2%
EPS (basic)	$14.07 YoY-10.4%	$15.70 YoY-31.4%	$22.90 YoY-24.6%	$30.39 YoY+36.0%	$22.35 YoY+289.4%
	52.6M YoY-5.7%	55.7M YoY-4.4%	58.3M YoY-3.7%	60.6M YoY-4.2%	63.2M YoY-1.7%
	52.9M YoY-6.0%	56.2M YoY-4.7%	59.0M YoY-4.0%	61.5M YoY-4.4%	64.3M YoY-1.4%
Dividends per share	$4.80 YoY+9.1%	$4.40 YoY+10.0%	$4.00 YoY+14.3%	$3.50 YoY+27.3%	$2.75 YoY+10.0%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	4.14B YoY+6.3%	3.90B YoY-18.4%	4.77B YoY-2.3%	4.89B YoY+17.5%	4.16B YoY+33.6%
Cash & equivalents	217M YoY-31.9%	318M YoY-70.6%	1.08B YoY-7.9%	1.17B YoY+290.5%	301M YoY-56.0%
Accounts receivable	1.54B YoY+14.7%	1.34B YoY-8.9%	1.47B YoY-6.0%	1.57B YoY-7.0%	1.68B YoY+81.7%
Inventory	2.19B YoY+7.9%	2.03B YoY-0.8%	2.04B YoY+2.4%	2.00B YoY-3.4%	2.06B YoY+45.4%
Prepaid expenses	166M YoY+11.7%	148M YoY+5.6%	140M YoY+21.5%	116M YoY+3.6%	112M YoY+38.6%
	10.4B YoY+3.5%	10.0B YoY-4.4%	10.5B YoY+1.5%	10.3B YoY+8.3%	9.54B YoY+17.6%
Property, plant & equipment	2.63B YoY+3.5%	2.54B YoY+13.2%	2.25B YoY+13.9%	1.97B YoY+7.5%	1.84B YoY+2.5%
Operating lease right-of-use	315M YoY+14.5%	275M YoY+18.8%	232M YoY+7.0%	216M YoY-3.7%	225M YoY+10.1%
Goodwill	2.17B YoY+0.4%	2.16B YoY+2.4%	2.11B YoY+0.2%	2.11B YoY-0.1%	2.11B YoY+8.9%
Intangible assets	960M YoY-4.7%	1.01B YoY+2.7%	981M YoY-3.8%	1.02B YoY-5.4%	1.08B YoY+13.8%
Other non-current assets	106M	—	—	—	—
Total non-current assets	—	—	5.71B YoY+4.9%	5.44B YoY+1.3%	5.38B YoY+7.6%
	848M YoY-30.1%	1.21B YoY+43.8%	844M YoY-38.7%	1.38B YoY+29.1%	1.06B YoY+73.7%
Accounts payable	375M YoY+3.7%	362M YoY-11.8%	410M YoY-0.5%	412M YoY-9.1%	454M YoY+75.0%
Accrued liabilities	150M YoY+3.9%	144M YoY+21.9%	119M YoY-0.3%	119M YoY-19.8%	148M YoY+66.7%
Short-term & current debt	700M YoY+75.1%	400M YoY+33.2%	300M	—	—
Current lease liability	67.7M YoY+10.3%	61.4M YoY+9.3%	56.2M YoY+7.0%	52.5M YoY-10.4%	58.6M YoY+14.9%
	3.19B YoY+14.4%	2.79B YoY+1.6%	2.75B YoY-15.0%	3.23B	—
Long-term debt	1.42B YoY+91.2%	743M YoY-35.0%	1.14B YoY+0.2%	1.14B YoY-30.6%	1.64B YoY+0.2%
Non-current lease liability	251M YoY+17.1%	214M YoY+19.7%	179M YoY+8.3%	165M YoY+1.7%	163M YoY+5.5%
Operating lease liability (total)	319M YoY+15.6%	276M YoY+17.2%	235M YoY+8.0%	218M YoY-1.5%	221M YoY+7.8%
Deferred tax liabilities	576M YoY+7.1%	538M YoY+8.8%	494M YoY+3.7%	477M YoY-1.7%	485M YoY+6.4%
Other non-current liabilities	74.1M YoY+30.5%	56.8M YoY-11.3%	64.0M YoY+24.5%	51.4M YoY+2.4%	50.2M YoY+88.0%
	7.17B YoY-0.7%	7.22B YoY-6.5%	7.72B YoY+9.0%	7.09B YoY+16.4%	6.09B YoY+19.0%
Retained earnings	7.26B YoY-1.1%	7.33B YoY-6.0%	7.80B YoY+8.7%	7.17B YoY+16.5%	6.16B YoY+18.5%
Accumulated other comprehensive income	-87.6M YoY+24.0%	-115M YoY-50.2%	-76.7M YoY+11.1%	-86.3M YoY-25.3%	-68.9M YoY+11.6%
Non-controlling interest	9.40M YoY-14.5%	11.0M YoY+4.8%	10.5M YoY+23.5%	8.50M YoY+18.1%	7.20M YoY-1.4%
Total equity incl. non-controlling	7.18B YoY-0.7%	7.23B YoY-6.5%	7.73B YoY+9.0%	7.10B YoY+16.4%	6.09B YoY+19.0%
Total liabilities & equity	10.4B YoY+3.5%	10.0B YoY-4.4%	10.5B YoY+1.5%	10.3B YoY+8.3%	9.54B YoY+17.6%
	51.7M YoY-3.7%	53.7M YoY-6.2%	57.3M YoY-2.6%	58.8M YoY-4.9%	61.8M YoY-2.8%
	51.7M YoY-3.7%	53.7M YoY-6.2%	57.3M YoY-2.6%	58.8M YoY-4.9%	61.8M YoY-2.8%
	51.7M YoY-2.3%	53.0M YoY-7.8%	57.4M YoY-2.6%	59.0M YoY-4.4%	61.7M YoY-3.0%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	831M YoY-41.9%	1.43B YoY-14.4%	1.67B YoY-21.1%	2.12B YoY+165.0%	799M YoY-31.8%
Depreciation & amortization	278M YoY+3.5%	269M YoY+9.5%	245M YoY+2.2%	240M YoY+4.3%	230M YoY+1.3%
Intangible amortization	39.2M YoY-8.0%	42.6M YoY-2.7%	43.8M YoY-8.9%	48.1M YoY+24.3%	38.7M YoY-2.3%
Share-based compensation	55.6M YoY-2.1%	56.8M YoY-12.6%	65.0M YoY-0.5%	65.3M YoY-7.8%	70.8M YoY+67.8%
Deferred income taxes	37.1M YoY+1.9%	36.4M YoY+124.7%	16.2M YoY+341.8%	-6.70M YoY+71.8%	-23.8M YoY-73.7%
Change in receivables	195M YoY+216.7%	-167M YoY-75.1%	-95.6M YoY+9.6%	-106M YoY-116.1%	656M YoY+579.6%
Change in inventory	155M YoY+232.5%	-117M YoY-381.4%	41.5M YoY+170.5%	-58.9M YoY-111.6%	506M YoY+322.4%
	-322M YoY+60.0%	-804M YoY-66.1%	-484M YoY-38.9%	-349M YoY+46.6%	-652M YoY-246.2%
Capital expenditure	329M YoY-23.6%	431M YoY-8.1%	469M YoY+37.2%	342M YoY+44.5%	237M YoY+37.6%
Free cash flow	503M YoY-49.7%	999M YoY-16.9%	1.20B YoY-32.3%	1.78B YoY+215.7%	563M YoY-43.8%
Acquisitions	2.80M YoY-99.2%	365M YoY+1419.2%	24.0M	0.00 YoY-100.0%	439M YoY+6266.7%
Proceeds from sale of PP&E	17.2M YoY+266.0%	4.70M YoY-57.7%	11.1M YoY+1.8%	10.9M YoY-69.7%	36.0M YoY+437.3%
Other investing activities	7.30M YoY-44.7%	13.2M YoY+500.0%	2.20M YoY-87.5%	17.6M YoY+41.9%	12.4M YoY-23.5%
	-620M YoY+54.9%	-1.38B YoY-7.3%	-1.28B YoY-43.7%	-893M YoY-68.8%	-529M YoY-9.5%
Long-term debt issued	2.70B YoY+307.4%	663M	0.00	0.00 YoY-100.0%	20.0M YoY-98.8%
Long-term debt repaid	2.42B YoY+265.5%	663M YoY+31.1%	506M YoY+168600.0%	300K YoY-98.6%	20.7M YoY-98.7%
Net short-term debt	—	—	-2.20M YoY+0.0%	-2.20M YoY-175.0%	-800K YoY-214.3%
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	594M YoY-45.7%	1.09B YoY+128.1%	480M YoY-23.9%	630M YoY+94.8%	324M YoY-4.1%
Other financing activities	-20.2M YoY-300.0%	10.1M YoY+539.1%	-2.30M YoY+23.3%	-3.00M YoY+47.4%	-5.70M YoY-96.6%
FX effect on cash	—	—	—	—	-1.20M YoY-115.8%
Net change in cash	-102M YoY+86.7%	-762M YoY-717.7%	-93.2M YoY-110.7%	873M YoY+327.9%	-383M YoY-175.2%
Interest paid	54.7M YoY+44.7%	37.8M YoY-9.6%	41.8M YoY-30.0%	59.7M YoY+1.0%	59.1M YoY+12.4%
Income taxes paid	164M YoY-33.2%	245M YoY-36.6%	386M YoY-44.2%	692M YoY+55.8%	444M YoY+407.9%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	14.9B YoY+4.8%	14.3B YoY-11.3%	16.1B YoY+35.3%	11.9B YoY+18.7%	10.0B YoY+31.4%
P/E	20.2× YoY+24.0%	16.3× YoY+43.8%	11.3× YoY+82.7%	6.2× YoY-12.2%	7.1× YoY-65.5%
P/S	1.0× YoY+1.4%	1.0× YoY-3.3%	1.1× YoY+56.1%	0.7× YoY-3.9%	0.7× YoY-17.8%
P/B	2.1× YoY+5.5%	2.0× YoY-5.1%	2.1× YoY+19.9%	1.7× YoY+5.5%	1.6× YoY+10.5%
P/FCF	29.7× YoY+108.3%	14.3× YoY+33.5%	10.7× YoY+25.6%	8.5× YoY-52.2%	17.8× YoY+133.8%
	4.9% YoY-19.4%	6.1% YoY-30.4%	8.8% YoY-45.3%	16.1% YoY+13.8%	14.2% YoY+189.6%
	3.4% YoY-52.0%	7.0% YoY-25.1%	9.4% YoY-20.4%	11.8% YoY+109.0%	5.6% YoY-57.2%
	1.7% YoY+1.7%	1.6% YoY+14.3%	1.4% YoY-17.3%	1.7% YoY+2.0%	1.7% YoY-18.8%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: RS's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all RS filings on SEC EDGAR → Not investment advice.