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Reliance Income Statement

Revenue, expenses, and profitability over time

Reliance generated $14.8B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $805.1M with a 5.43% net margin. Gross margin stands at 28.62% and operating margin at 7.46%. Diluted EPS is $15.35, which grew 0.1% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$14.8BGross Profit (TTM)$4.2BOperating Income (TTM)$1.1BNet Income (TTM)$805.1MEps Diluted (TTM)$15.35
Latest FilingQ1 2026
Report Date2026-04-29
Market Cap$21.0B
P/E Ratio26.02
ROE11.32%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Depreciation and amortization$70.6M$68.7M$69.7M$70.5M$69.3M$69.2M
Selling, general and administrative$662M$690.2M$706M$701.3M$709.2M$734.8M
Total operating expenses$3B$3.2B$3.3B$3.4B$3.3B$3.7B

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$2.02$3.76$4.44$3.61$2.25$5.13
Diluted earnings per share$2.01$3.74$4.42$3.59$2.24$5.10
Weighted-average shares, basic55.7M53.1M52.6M52.5M52.6M51.6M
Weighted-average shares, diluted56.2M53.4M52.9M52.8M52.9M52M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$886.1M$1B$1.1B$1B$954.7M$1.2B
Operating income$141.8M$274.4M$312.2M$259.8M$166.3M$367.9M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$133.5M$262.4M$304.3M$247.7M$154.8M$349.5M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$27.5M$61.9M$70.1M$57.7M$37.9M$83.9M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest expense$10M$11.5M$14.3M$14.4M$15.5M$15.4M
Other income (expense), net$1.7M-$500K$6.4M$2.3M$4M-$3M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$105.3M$199.7M$234.2M$189.5M$116.5M$264.9M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other income, net (Note 6)$1.7M-$500K$6.4M$2.3M$4M-$3M
Revenue From Contract With Customer Excluding Assessed Tax$3.1B$3.5B$3.7B$3.7B$3.5B$4B

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$2.2B$2.5B$2.6B$2.6B$2.5B$2.9B

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$3.1B$3.5B$3.7B$3.7B$3.5B$4B