Reliance Steel & Aluminum Co. (RS) Income Statement
RS 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsRS revenue and net income
Where RS's revenue goes
2025Each bar shows an amount and its share of revenue. RS kept 5.2% of revenue as net income.
RS profit margins
RS growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +3.3% | −5.7% | +10.2% | +4.3% |
| Gross profit | −0.2% | −8.6% | +8.2% | +5.1% |
| Operating income | −13.0% | −25.9% | +7.2% | +5.6% |
| Net income | −15.5% | −26.2% | +14.9% | +9.0% |
| EPS (diluted) | −9.9% | −21.9% | +13.1% | +12.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
RS quarterly EPS vs estimates
Reliance Steel & Aluminum beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: October 21, 2026 (estimate $6.76).
RS income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.29B | $13.84B | $14.81B | $17.02B | $14.09B | $8.81B | $10.97B | $11.53B | $9.72B | $8.61B |
| Cost of revenue | $10.46B | $10.00B | $10.50B | $12.01B | $9.83B | $6.23B | $7.86B | $8.47B | $7.15B | $6.23B |
| Gross profit | $3.83B | $3.84B | $4.30B | $5.01B | $4.26B | $2.59B | $3.11B | $3.07B | $2.57B | $2.38B |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $2.81B | $2.68B | $2.60B | $2.54B | $2.34B | $1.89B | $2.12B | $2.12B | $1.93B | $1.83B |
| Total operating expenses | $2.81B | $2.66B | $2.56B | $2.50B | $2.31B | $1.86B | $2.10B | $2.11B | $1.90B | $1.80B |
| Operating income | $1.02B | $1.18B | $1.74B | $2.51B | $1.95B | $723.6M | $1.01B | $957.9M | $666.5M | $577.2M |
| Interest income | $55.7M | $20.7M | $35.2M | $62.3M | $62.7M | $62.9M | $89.1M | $85.6M | $78.8M | $1.0M |
| Interest expense | $55.7M | $40.3M | $40.1M | $62.3M | $148.2M | $142.3M | $158.9M | $156.3M | $140.4M | $146.7M |
| Income before taxes | $969.2M | $1.14B | $1.74B | $2.43B | $1.88B | $478.2M | $929.3M | $850.6M | $583.8M | $429.2M |
| Income taxes | $227.6M | $261.9M | $400.6M | $586.2M | $465.7M | $105.8M | $223.2M | $208.8M | −$37.2M | $120.1M |
| Net income | $739.4M | $875.2M | $1.34B | $1.84B | $1.41B | $369.1M | $701.5M | $633.7M | $613.4M | $304.3M |
| EBITDA | $1.30B | $1.45B | $2.03B | $2.73B | $2.26B | $847.8M | $1.31B | $1.22B | $942.6M | $797.9M |
| EPS (diluted) | $14.24 | $15.81 | $22.59 | $29.92 | $21.95 | $7.69 | $10.34 | $8.90 | $5.44 | $4.48 |
| Gross margin | 26.8% | 27.7% | 29.1% | 29.4% | 30.2% | 29.3% | 28.3% | 26.6% | 26.4% | 27.6% |
| Operating margin | 7.2% | 8.5% | 11.7% | 14.7% | 13.9% | 8.2% | 9.2% | 8.3% | 6.9% | 6.7% |
| Net margin | 5.2% | 6.3% | 9.0% | 10.8% | 10.0% | 4.2% | 6.4% | 5.5% | 6.3% | 3.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.63B | $4.03B | $3.50B | $3.65B | $3.66B | $3.48B | $3.13B | $3.42B | $3.64B | $3.64B | $3.34B | $3.62B |
| Cost of revenue | $3.40B | $2.92B | $2.61B | $2.62B | $2.64B | $2.52B | $2.31B | $2.48B | $2.62B | $2.58B | $2.38B | $2.61B |
| Gross profit | $1.23B | $1.10B | $885.4M | $1.03B | $1.02B | $964.6M | $815.5M | $938.4M | $1.02B | $1.06B | $958.7M | $1.02B |
| Sales, general & admin | $789.4M | $734.8M | $709.2M | $701.3M | $706.0M | $690.2M | $679.6M | $665.0M | $667.7M | $671.5M | $650.5M | $626.9M |
| Total operating expenses | $789.4M | $734.8M | $709.2M | $771.8M | $706.0M | $690.2M | $663.0M | $659.9M | $667.7M | $671.5M | $633.6M | $626.9M |
| Operating income | $441.6M | $367.9M | $176.2M | $259.8M | $312.2M | $274.4M | $152.5M | $278.5M | $351.7M | $393.1M | $325.1M | $389.5M |
| Interest income | — | — | $15.5M | $14.4M | $14.3M | $11.5M | $10.0M | $10.9M | — | — | — | $9.7M |
| Interest expense | $18.2M | $15.4M | $15.5M | $14.4M | $14.3M | $11.5M | $10.0M | $10.9M | $9.7M | $9.7M | $9.8M | $9.7M |
| Income before taxes | $429.8M | $349.5M | $154.8M | $247.7M | $304.3M | $262.4M | $133.5M | $260.5M | $349.7M | $396.2M | $333.3M | $388.0M |
| Income taxes | $106.2M | $83.9M | $37.9M | $57.7M | $70.1M | $61.9M | $27.5M | $60.6M | $81.4M | $92.4M | $59.9M | $92.0M |
| Net income | $322.9M | $266.3M | $116.5M | $189.5M | $233.7M | $199.7M | $105.3M | $199.2M | $267.8M | $302.9M | $272.7M | $295.0M |
| EBITDA | $514.1M | $434.1M | $239.6M | $332.6M | $388.3M | $342.6M | $214.1M | $339.3M | $426.0M | $469.5M | $406.0M | $458.3M |
| EPS (diluted) | $6.27 | $5.16 | $2.40 | $3.64 | $4.43 | $3.77 | $2.22 | $3.64 | $4.65 | $5.30 | $4.73 | $5.00 |
| Gross margin | 26.6% | 27.4% | 25.3% | 28.3% | 27.8% | 27.7% | 26.1% | 27.4% | 28.0% | 29.2% | 28.7% | 28.1% |
| Operating margin | 9.5% | 9.1% | 5.0% | 7.1% | 8.5% | 7.9% | 4.9% | 8.1% | 9.7% | 10.8% | 9.7% | 10.8% |
| Net margin | 7.0% | 6.6% | 3.3% | 5.2% | 6.4% | 5.7% | 3.4% | 5.8% | 7.4% | 8.3% | 8.2% | 8.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in RS's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
RS financial results
In fiscal year 2025 (ended December 31, 2025), Reliance Steel & Aluminum reported revenue of $14.3 billion, up 3.3% from the year before. It had net income of $739.4 million (down 15.5%), a net profit margin of 5.2%. Diluted earnings per share came to $14.24. Over five years revenue grew at an average rate of 10.2% a year.
See the RS stock overview for the latest quote and news, or the RS chart for price history and technical indicators.
RS income statement FAQ
What is Reliance Steel & Aluminum's annual revenue?
Reliance Steel & Aluminum reported total revenue of $14.3 billion for fiscal year 2025, which ended on December 31, 2025. That was up 3.3% from $13.8 billion the previous year.
Is Reliance Steel & Aluminum profitable?
Yes. Reliance Steel & Aluminum reported net income of $739.4 million in fiscal 2025, a net profit margin of 5.2%; its operating margin was 7.2%.
What is Reliance Steel & Aluminum's gross margin?
Reliance Steel & Aluminum's gross margin was 26.8% in fiscal 2025: for every $100 of revenue, Reliance Steel & Aluminum kept $27 after the direct cost of its products and services.
How fast is Reliance Steel & Aluminum growing?
Revenue grew 10.2% a year on average over the last five fiscal years, from $8.8 billion to $14.3 billion.
What are Reliance Steel & Aluminum's earnings per share?
Reliance Steel & Aluminum earned $14.24 per diluted share in fiscal 2025, compared with $15.81 a year earlier.
When will Reliance Steel & Aluminum report its next earnings?
Reliance Steel & Aluminum is expected to report results for the quarter ending September 30, 2026 on October 21, 2026 after the market closes.
When does Reliance Steel & Aluminum's fiscal year end?
Reliance Steel & Aluminum's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.