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Companies / Materials / Reliance, Inc.
RS

Reliance, Inc.

MaterialsWholesale
Ticker RSPHOENIX, AZFiscal year ends DecemberBook value per share $143.24Diluted shares 51.7M

Reliance, Inc. (NYSE: RS) operates as the largest metals service center company in North America based on revenues, with a network of approximately 310 locations across 41 U.S. states and 10 foreign countries. The company's website is www.reliance.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$14.29BFY2025
+3.3% year over year
Last 12 mo $15.81B
7.08%FY2025
−1.3 percentage points
Last 12 mo 7.82%
$741.60MFY2025
−15.5% year over year
Last 12 mo $896.10M
10.42%FY2025
−1.8 percentage points
Last 12 mo 12.08%
Cash & financing
$831.40MFY2025
−41.9% year over year
Last 12 mo $851.50M
$502.50MFY2025
−49.7% year over year
Last 12 mo $539.50M
0.20FY2025
Was 0.16× a year earlier
Last 12 mo 0.22
52.9MFY2025
−6.0% year over year
Last 12 mo 51.7M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Reliance, Inc. does

In the company’s own words

Reliance, Inc. (NYSE: RS) operates as the largest metals service center company in North America based on revenues, with a network of approximately 310 locations across 41 U.S. states and 10 foreign countries. The company's website is www.reliance.com.

Founded in 1939 as a single metals service center in Los Angeles, Reliance has evolved into a diversified metals solutions provider serving more than 125,000 customers across multiple industries. The company distributes over 100,000 metal products including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products. Reliance operates through a single reportable segment focused on metals service centers, generating net sales of $14.29 billion in 2025.

The company's customer base spans consumer products, general manufacturing, non-residential construction, transportation, aerospace, energy, electronics, semiconductor fabrication, industrial machinery, and heavy industry sectors. Reliance maintains a decentralized operating structure with approximately 15,700 employees worldwide, including roughly 14,100 in the United States. The company operates under numerous trade names including Earle M. Jorgensen, Metals USA, Precision Strip Inc., Phoenix Metals Company, and Service Steel Aerospace, among others.

Reliance's business model emphasizes value-added processing services, small order sizes with quick turnaround, and customer service excellence. The company delivered approximately 40 percent of orders within 24 hours in 2025 and maintained over 90 percent repeat customer retention. The company operates a fleet of approximately 1,800 trucks to support efficient delivery and logistics.

Key competitive advantages include significant scale and purchasing power with major domestic mills, extensive product and geographic diversification, advanced processing capabilities, and a focus on as-needed inventory management. The company's 2025 U.S. tons sold represented approximately 17 percent of total industry shipments according to the Metals Service Center Institute, reflecting its position as the industry leader in a highly fragmented market. International sales represented approximately 6 percent of net sales, with Canadian operations accounting for a significant portion of international revenue.

Company details
Sector
Materials
Industry (SIC)
Wholesale
Headquarters
PHOENIX, AZ
Fiscal year end
December
CIK
861884
SIC
5051

Financial performance, year by year

Fiscal 2013–2025 · USD
$-1.70B$3.40B$8.51B$13.62B$18.73B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Reliance, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

569
funds hold it
0 of 35
superinvestors hold it
$7.87B
held by funds, at market
41.4%
of shares held by funds
2
bond issues held by funds

Largest fund holders · Reliance, Inc.’s weight in each

iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.52%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.03%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.23%of fund net assets
Disciplined Value Mid Cap Fund
JVMAX · John Hancock Funds III
1.20%of fund net assets
VANGUARD SMALL-CAP VALUE INDEX FUND
VBR · VANGUARD INDEX FUNDS
0.41%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Reliance, Inc.’s bonds, as funds hold them

Funds report holding 2 issues of Reliance, Inc.’s debt, $66.47M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 2.99%, maturing 2030 to 2036.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Reliance, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Reliance, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Reliance, Inc.'s last four quarterly filings that the numbers alone won't show?”
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