What is Reliance's operating income?

Reliance (RS) reported operating income of $367.9M in Q1 2026.

How has Reliance's operating income changed year-over-year?

Reliance's operating income increased by 34.1% year-over-year, from $274.4M to $367.9M.

What is the long-term trend for Reliance's operating income?

Over 4 years (2021 to 2025), Reliance's operating income has grown at a -15.1% compound annual growth rate (CAGR), from $1.95B to $1.01B.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

Reliance RS Operating Income

Operating Income at other companies

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$538M+95.5%

Worthington SteelWS

$74.5M+12.2%

Cleveland-CliffsCLF

-$213M+60.8%

Carpenter TechnologyCRS

$186.5M+35.3%

Mayville EngineeringMEC

-$7.69M-588%

ATIATI

$163.8M+11.5%

Other financials

Income statement

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Revenue$4.0B+15.5%

Gross profit$1.2B+13.4%

Net income$264.9M+32.6%

EPS (diluted)$5.10+36.4%

Balance sheet

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Cash & equivalents$249.7M-10.1%

Total debt$2.0B+15.3%

Total equity$7.1B+0.3%

Total assets$10.8B+4.3%

Cash flow

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Operating cash flow$151.4M+135%

CapEx$64.2M-26.1%

Free cash flow$87.2M+489%

Valuation

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Market cap$19.36B+12.4%

Enterprise value$21.14B+13.0%

P/E24×+0.7×

P/S1.3×0.0×

Profitability

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Gross margin28.6%-0.7pp

Operating margin7.5%-0.2pp

Net margin5.4%-0.2pp

FCF margin4.1%-2.9pp

Returns & leverage

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Return on equity11.3%+1.0pp

Debt / equity0.3×0.0×

Current ratio4.4×+1.2×

Where this comes from

Reported directly by Reliance in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The official record: Reliance’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Reliance's operating income?: Reliance (RS) reported operating income of $367.9M in Q1 2026.
How has Reliance's operating income changed year-over-year?: Reliance's operating income increased by 34.1% year-over-year, from $274.4M to $367.9M.
What is the long-term trend for Reliance's operating income?: Over 4 years (2021 to 2025), Reliance's operating income has grown at a -15.1% compound annual growth rate (CAGR), from $1.95B to $1.01B.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.