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Reliance RS Operating margin

Operating margin at other companies

Steel Dynamics logo
Steel DynamicsSTLD
10%+2.5pp
Worthington Steel logo
Worthington SteelWS
4.3%-0.5pp
Cleveland-Cliffs logo
Cleveland-CliffsCLF
-4.2%-1.5pp
Carpenter Technology logo
Carpenter TechnologyCRS
21.3%+5.0pp
Mayville Engineering logo
Mayville EngineeringMEC
-2.4%-9.3pp
ATI logo
ATIATI
14.3%0.0pp

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
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.

Based on trailing twelve months.

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 operating margin?
Reliance (RS) reported operating margin of 7.8% in Q2 2026.
How has Reliance's operating margin changed year-over-year?
Reliance's operating margin increased by 6.8% year-over-year, from 7.3% to 7.8%.
What is the long-term trend for Reliance's operating margin?
Over 5 years (2020 to 2025), Reliance's operating margin has grown at a 2.0% compound annual growth rate (CAGR), from 6.4% to 7.1%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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