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Reliance RS Net debt

Discontinued — last reported Q2 '26

Net debt at other companies

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Cloudflare, Inc.NET
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ZscalerZS
19.2×+12.3×
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0.1×-0.3×
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Morgan StanleyMS
-0.2×
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0.6×-1.3×
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American ExpressAXP
0.3×+0.3×

Other financials

Income statement

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Revenue$4.6B+26.5%
Gross profit$1.3B+19.5%
Operating income$441.6M+41.4%
Net income$322.9M+37.9%
EPS (diluted)$6.29+42.3%

Balance sheet

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Cash & equivalents$235.4M-1.7%
Total debt$2.0B+15.2%
Total equity$7.4B+2.3%
Total assets$11.2B+6.4%

Cash flow

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Operating cash flow$162.2M-29.2%
CapEx$93.4M+6.6%
Free cash flow$68.8M-51.3%

Valuation

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Market cap$20.73B+38.5%
Enterprise value$22.49B+36.6%
P/E23.2×+3.0×
P/S1.3×+0.2×

Profitability

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Gross margin28.2%-1.1pp
Operating margin7.8%+0.5pp
Net margin5.7%+0.2pp
FCF margin3.4%-2.7pp

Returns & leverage

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Return on equity12.2%+2.2pp
Debt / equity0.3×0.0×
Current ratio4.3×+1.1×

Where this comes from

Calculated from Reliance’s reported figures.

The source filing: Reliance’s 10-Q, filed July 28, 2026. Open the filing →

Filed
Jul 28, 2026, 4:05 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-087528

FAQ

What is Reliance's net debt?
Reliance (RS) reported net debt of $1.76B in Q2 2026.
How has Reliance's net debt changed year-over-year?
Reliance's net debt increased by 17.9% year-over-year, from $1.49B to $1.76B.
What is the long-term trend for Reliance's net debt?
Over 5 years (2020 to 2025), Reliance's net debt has grown at a 5.6% compound annual growth rate (CAGR), from $1.16B to $1.52B.
What does net debt mean?
Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

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