Reliance Steel & Aluminum Co. (RS) Balance Sheet
RS balance sheet, 2025
December 31, 2025 · U.S. dollars$10.37B assets = $3.19B liabilities + $7.18B equity
Both columns are drawn to the same scale: what RS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
RS financial health
Descriptive bands, not a rating. Fiscal 2025.
RS balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $7.41B2016 | $10.37B2025 | +3.8%/yr | |
| Total liabilities | $3.23B2016 | $3.19B2025 | −0.1%/yr | |
| Shareholders’ equity | $4.15B2016 | $7.17B2025 | +6.3%/yr | |
| Cash & short-term investments | $122.8M2016 | $216.6M2025 | +6.5%/yr | |
| Total debt | $1.93B2016 | $1.99B2025 | +0.3%/yr | |
| Net cash (debt) | −$1.81B2016 | −$1.77B2025 | +$32.6M | |
| Working capital | $2.03B2016 | $3.29B2025 | +$1.3B | |
| Book value per share | $56.742016 | $135.602025 | +10.2%/yr | |
| Current ratio | 4.102016 | 4.882025 | +0.78 | |
| Debt / equity | 0.472016 | 0.282025 | −0.19 | |
| Shares outstanding | 73.1M2016 | 52.9M2025 | −3.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
RS assets
RS liabilities and equity
RS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
RS balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $216.6M | $318.1M | $1.08B | $1.17B | $300.5M | $683.5M | $174.3M | $128.2M | $154.4M | $122.8M |
| Cash & equivalents | $216.6M | $318.1M | $1.08B | $1.17B | $300.5M | $683.5M | $174.3M | $128.2M | $154.4M | $122.8M |
| Short-term investments | — | — | — | — | — | — | — | — | $0 | $0 |
| Receivables | $1.54B | $1.40B | $1.51B | $1.60B | $1.68B | $928.4M | $1.10B | $1.26B | $1.09B | $960.2M |
| Inventory | $2.19B | $2.03B | $2.04B | $2.00B | $2.06B | $1.42B | $1.65B | $1.82B | $1.73B | $1.53B |
| Other current assets | $196.8M | $148.2M | $140.4M | $115.6M | $111.6M | $80.5M | $85.2M | $81.5M | $80.7M | $72.9M |
| Total current assets | $4.14B | $3.90B | $4.77B | $4.89B | $4.16B | $3.11B | $3.01B | $3.29B | $3.05B | $2.69B |
| Property, plant & equipment (net) | $2.95B | $2.82B | $2.48B | $2.19B | $2.06B | $2.00B | $2.00B | $1.73B | $1.66B | $1.66B |
| Goodwill & intangible assets | $3.13B | $3.17B | $3.09B | $3.13B | $3.19B | $2.88B | $3.03B | $2.94B | $2.95B | $2.98B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $153.7M | $137.2M | $136.3M | $126.8M | $129.2M | $115.5M | $89.3M | $87.2M | $88.7M | $81.9M |
| Total assets | $10.37B | $10.02B | $10.48B | $10.33B | $9.54B | $8.11B | $8.13B | $8.04B | $7.75B | $7.41B |
| Liabilities | ||||||||||
| Accounts payable | $375.2M | $361.9M | $410.3M | $412.4M | $453.9M | $259.3M | $275.0M | $338.8M | $346.7M | $302.2M |
| Short-term debt | $68.4M | $461.1M | $56.5M | $560.7M | $63.6M | $57.0M | $117.4M | $65.2M | $92.0M | $82.5M |
| Deferred revenue | — | — | — | — | — | $455.0M | — | — | — | — |
| Total current liabilities | $848.1M | $1.21B | $843.6M | $1.38B | $1.06B | $613.0M | $675.3M | $699.1M | $703.7M | $656.0M |
| Long-term debt | $1.42B | $742.8M | $1.14B | $1.14B | $1.64B | $1.64B | $1.52B | $2.14B | $1.81B | $1.85B |
| Lease obligations | $318.6M | $275.6M | $235.1M | $217.7M | $221.1M | $205.1M | $202.0M | — | — | — |
| Other long-term liabilities | $925.5M | $835.4M | $762.0M | $719.3M | $735.3M | $732.2M | $718.1M | $527.8M | $538.0M | $729.5M |
| Total liabilities | $3.19B | $2.79B | $2.75B | $3.23B | $3.44B | $2.98B | $2.92B | $3.37B | $3.05B | $3.23B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $122.2M | $136.4M | $1.19B | $1.18B |
| Retained earnings (deficit) | $7.26B | $7.33B | $7.80B | $7.17B | $6.16B | $5.19B | $5.19B | $4.64B | $4.14B | $3.66B |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$87.6M | −$115.2M | −$76.7M | −$86.3M | −$68.9M | −$77.9M | −$105.1M | −$102.7M | −$71.6M | −$104.7M |
| Minority interest | $9.4M | $11.0M | $10.5M | $8.5M | $7.2M | $7.3M | $7.5M | $7.9M | $32.8M | $30.3M |
| Total shareholders' equity | $7.17B | $7.22B | $7.72B | $7.09B | $6.09B | $5.12B | $5.21B | $4.67B | $4.67B | $4.15B |
| Key figures | ||||||||||
| Total debt | $1.99B | $1.42B | $1.38B | $1.87B | $1.87B | $1.85B | $1.79B | $2.20B | $1.90B | $1.93B |
| Net cash (debt) | −$1.77B | −$1.10B | −$297.1M | −$691.9M | −$1.57B | −$1.17B | −$1.62B | −$2.08B | −$1.75B | −$1.81B |
| Working capital | $3.29B | $2.68B | $3.93B | $3.51B | $3.10B | $2.50B | $2.33B | $2.59B | $2.35B | $2.03B |
| Tangible book value | $4.04B | $4.05B | $4.63B | $3.96B | $2.90B | $2.23B | $2.17B | $1.73B | $1.71B | $1.17B |
| Book value per share | $135.60 | $128.36 | $130.85 | $115.25 | $94.62 | $78.38 | $76.73 | $64.49 | $63.46 | $56.74 |
| Shares outstanding | 52.9M | 56.2M | 59.0M | 61.5M | 64.3M | 65.3M | 67.9M | 72.4M | 73.5M | 73.1M |
| Current ratio | 4.88 | 3.21 | 5.66 | 3.55 | 3.91 | 5.08 | 4.46 | 4.70 | 4.34 | 4.10 |
| Quick ratio | 2.07 | 1.42 | 3.07 | 2.02 | 1.86 | 2.63 | 1.89 | 1.98 | 1.77 | 1.65 |
| Debt / equity | 0.28 | 0.20 | 0.18 | 0.26 | 0.31 | 0.36 | 0.34 | 0.47 | 0.41 | 0.47 |
| Equity / assets | 69.1% | 72.0% | 73.7% | 68.6% | 63.8% | 63.1% | 64.0% | 58.1% | 60.2% | 56.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $235.4M | $249.7M | $216.6M | $261.2M | $239.5M | $277.8M | $318.1M | $314.6M | $350.8M | $934.9M | $1.08B | $976.9M |
| Cash & equivalents | $235.4M | $249.7M | $216.6M | $261.2M | $239.5M | $277.8M | $318.1M | $314.6M | $350.8M | $934.9M | $1.08B | $976.9M |
| Receivables | $2.21B | $1.95B | $1.54B | $1.67B | $1.67B | $1.68B | $1.40B | $1.57B | $1.66B | $1.69B | $1.51B | $1.67B |
| Inventory | $2.33B | $2.23B | $2.19B | $2.31B | $2.25B | $2.11B | $2.03B | $2.21B | $2.29B | $2.17B | $2.04B | $2.11B |
| Other current assets | $152.2M | $135.2M | $196.8M | $112.5M | $126.7M | $135.6M | $148.2M | $123.5M | $132.3M | $135.6M | $140.4M | $104.7M |
| Total current assets | $4.92B | $4.57B | $4.14B | $4.36B | $4.29B | $4.21B | $3.90B | $4.21B | $4.43B | $4.92B | $4.77B | $4.86B |
| Property, plant & equipment (net) | $2.98B | $2.96B | $2.95B | $2.93B | $2.91B | $2.86B | $2.82B | $2.77B | $2.68B | $2.54B | $2.48B | $2.42B |
| Goodwill & intangible assets | $3.12B | $3.13B | $3.13B | $3.15B | $3.16B | $3.16B | $3.17B | $3.20B | $3.20B | $3.11B | $3.09B | $3.10B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $144.1M | $145.3M | $153.7M | $120.2M | $128.4M | $131.7M | $137.2M | $111.9M | $133.1M | $137.4M | $136.3M | $118.3M |
| Total assets | $11.17B | $10.81B | $10.37B | $10.55B | $10.49B | $10.37B | $10.02B | $10.30B | $10.45B | $10.71B | $10.48B | $10.49B |
| Liabilities | ||||||||||||
| Accounts payable | $627.3M | $552.1M | $375.2M | $507.8M | $516.6M | $520.8M | $361.9M | $440.9M | $458.4M | $449.7M | $410.3M | $445.4M |
| Short-term debt | $67.3M | $69.2M | $68.4M | $64.8M | $464.2M | $462.8M | $461.1M | $459.6M | $57.7M | $56.6M | $56.5M | $56.0M |
| Deferred revenue | — | — | — | — | — | — | — | — | — | $46.9M | — | −$56.0M |
| Total current liabilities | $1.15B | $1.04B | $848.1M | $984.0M | $1.35B | $1.33B | $1.21B | $1.27B | $883.5M | $857.4M | $843.6M | $878.7M |
| Long-term debt | $1.66B | $1.69B | $1.42B | $1.38B | $1.03B | $1.07B | $742.8M | $867.8M | $1.14B | $1.14B | $1.14B | $1.14B |
| Lease obligations | $331.3M | $335.5M | $318.6M | $306.8M | $306.6M | $287.0M | $275.6M | $270.9M | $245.0M | $234.1M | $235.1M | $230.4M |
| Other long-term liabilities | $944.2M | $940.9M | $925.5M | $868.4M | $872.3M | $848.4M | $835.4M | $799.3M | $788.3M | $769.5M | $762.0M | $737.4M |
| Total liabilities | $3.75B | $3.68B | $3.19B | $3.23B | $3.25B | $3.25B | $2.79B | $2.94B | $2.82B | $2.77B | $2.75B | $2.76B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | — | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 |
| Retained earnings (deficit) | $7.48B | $7.22B | $7.26B | $7.40B | $7.32B | $7.21B | $7.33B | $7.43B | $7.72B | $8.03B | $7.80B | $7.82B |
| Accumulated other comprehensive income | −$99.4M | −$95.7M | −$87.6M | −$95.0M | −$86.2M | −$112.8M | −$115.2M | −$83.1M | −$101.5M | −$93.3M | −$76.7M | −$99.4M |
| Minority interest | $9.7M | $9.2M | $9.4M | $10.5M | $10.0M | — | — | — | — | — | — | — |
| Total shareholders' equity | $7.40B | $7.12B | $7.17B | $7.31B | $7.23B | $7.10B | $7.22B | $7.35B | $7.62B | $7.93B | $7.72B | $7.72B |
| Key figures | ||||||||||||
| Total debt | $2.00B | $2.03B | $1.99B | $1.69B | $1.73B | $1.76B | $1.42B | $1.54B | $1.39B | $1.38B | $1.38B | $1.37B |
| Net cash (debt) | −$1.76B | −$1.78B | −$1.77B | −$1.43B | −$1.49B | −$1.48B | −$1.10B | −$1.22B | −$1.04B | −$442.1M | −$297.1M | −$395.4M |
| Working capital | $3.78B | $3.53B | $3.29B | $3.37B | $2.94B | $2.88B | $2.68B | $2.94B | $3.55B | $4.07B | $3.93B | $3.98B |
| Tangible book value | $4.28B | $3.99B | $4.04B | $4.16B | $4.08B | $3.94B | $4.05B | $4.15B | $4.42B | $4.82B | $4.63B | $4.63B |
| Book value per share | $143.24 | $137.05 | $136.90 | $138.31 | $136.08 | $132.99 | $132.34 | $133.20 | $132.82 | $137.04 | $132.98 | $130.65 |
| Shares outstanding | 51.7M | 52.0M | 52.4M | 52.8M | 53.2M | 53.4M | 54.6M | 55.2M | 57.4M | 57.9M | 58.1M | 59.1M |
| Current ratio | 4.30 | 4.39 | 4.88 | 4.43 | 3.18 | 3.17 | 3.21 | 3.31 | 5.02 | 5.74 | 5.66 | 5.53 |
| Quick ratio | 2.13 | 2.11 | 2.07 | 1.97 | 1.42 | 1.47 | 1.42 | 1.48 | 2.28 | 3.06 | 3.07 | 3.01 |
| Debt / equity | 0.27 | 0.28 | 0.28 | 0.23 | 0.24 | 0.25 | 0.20 | 0.21 | 0.18 | 0.17 | 0.18 | 0.18 |
| Equity / assets | 66.3% | 65.9% | 69.1% | 69.2% | 69.0% | 68.5% | 72.0% | 71.4% | 73.0% | 74.1% | 73.7% | 73.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 26, 2026); data from EODHD.
RS financial position
At the end of fiscal 2025 (December 31, 2025), Reliance Steel & Aluminum had total assets of $10.4 billion (up 3.5% from a year earlier), total liabilities of $3.2 billion and shareholders' equity of $7.2 billion. It held $216.6 million in cash and short-term investments against $2.0 billion of debt, net debt of $1.8 billion. Its current ratio was 4.88. In the latest quarter (ended June 30, 2026) total assets were $11.2 billion and equity $7.4 billion.
Related: RS income statement, RS cash flow statement, RS key metrics. See the RS stock overview for the latest quote and news.
RS balance sheet FAQ
What are Reliance Steel & Aluminum's total assets?
Reliance Steel & Aluminum reported total assets of $10.4 billion at the end of fiscal 2025 (December 31, 2025), compared with $10.0 billion a year earlier.
How much debt does Reliance Steel & Aluminum have?
Reliance Steel & Aluminum had $2.0 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.28.
How much cash does Reliance Steel & Aluminum have?
Reliance Steel & Aluminum held $216.6 million in cash and short-term investments at the end of fiscal 2025; with $2.0 billion of debt that is net debt of $1.8 billion.
What is Reliance Steel & Aluminum's book value?
Reliance Steel & Aluminum's shareholders' equity (book value) was $7.2 billion at the end of fiscal 2025, or $135.60 per share.
What is Reliance Steel & Aluminum's current ratio?
Reliance Steel & Aluminum had current assets of $4.1 billion and current liabilities of $848.1 million, a current ratio of 4.88 (it can cover its short-term obligations).
How much goodwill does Reliance Steel & Aluminum have?
Reliance Steel & Aluminum carried $3.1 billion of goodwill and intangible assets, 30.2% of total assets, at the end of fiscal 2025.