Reliance Inc (RS) financial statements: income statement, balance sheet and cash flow

Reliance Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Reliance Inc reported revenue of $14.3B (+3.3% year on year) and net income of $741.6M (-15.5% year on year).

Income statement

Reliance Inc income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net Sales	$14.3B	$13.8B	$14.8B	$17.0B
Cost of sales (exclusive of depreciation and amortization shown below)	$10.2B	$9.7B	$10.3B	$11.8B
Warehouse, delivery, selling, general and administrative	$2.8B	$2.7B	$2.6B	$2.5B
Depreciation and amortization	$278.2M	$268.7M	$245.4M	$240.2M
Impairment	$9.9M	$11.7M	—	—
Total costs and expenses	$13.3B	$12.7B	$13.1B	$14.5B
Operating income	$1.0B	$1.2B	$1.7B	$2.5B
Interest expense	$55.7M	$40.3M	$40.1M	$62.3M
Other income, net	($12.2M)	($20.2M)	($41.3M)	$14.2M
Income before income taxes	$969.2M	$1.1B	$1.7B	$2.4B
Income tax provision	$227.6M	$261.9M	$400.6M	$586.2M
Net income	$741.6M	$878.0M	$1.3B	$1.8B
Less: net income attributable to noncontrolling interests	$2.2M	$2.8M	$4.2M	$4.1M
Net income attributable to Reliance	$739.4M	$875.2M	$1.3B	$1.8B
Basic (in dollars per share)	$14.07	$15.70	$22.90	$30.39
Diluted (in dollars per share)	$13.98	$15.56	$22.64	$29.92
Basic (in shares)	52.6M	55.7M	58.3M	60.6M
Diluted (in shares)	52.9M	56.2M	59.0M	61.5M

Reliance Inc income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Net sales	$4.6B	$4.0B	$3.7B	$3.7B
Cost of sales (exclusive of depreciation and amortization shown below)	$3.3B	$2.9B	$2.6B	$2.6B
Warehouse, delivery, selling, general and administrative	$789.4M	$734.8M	$701.3M	$706.0M
Depreciation and amortization	$69.5M	$69.2M	$70.5M	$69.7M
Total costs and expenses	$4.2B	$3.7B	$3.4B	$3.3B
Operating income	$441.6M	$367.9M	$259.8M	$312.2M
Interest expense	$18.2M	$15.4M	$14.4M	$14.3M
Other income, net	($6.4M)	$3.0M	($2.3M)	($6.4M)
Income before income taxes	$429.8M	$349.5M	$247.7M	$304.3M
Income tax provision	$106.2M	$83.9M	$57.7M	$70.1M
Net income	$323.6M	$265.6M	$190.0M	$234.2M
Less: net income - noncontrolling interests	$700.0K	$700.0K	$500.0K	$500.0K
Net income - Reliance	$322.9M	$264.9M	$189.5M	—
Basic (in dollars per share)	$6.33	$5.13	$3.61	$4.44
Diluted (in dollars per share)	$6.29	$5.10	$3.59	$4.42
Basic (in shares)	51.0M	51.6M	52.5M	52.6M
Diluted (in shares)	51.4M	52.0M	52.8M	52.9M

Balance sheet

Reliance Inc balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$216.6M	$318.1M	$1.1B	$1.2B
Accounts receivable, less allowance for credit losses of $22.1 and $23.2	$1.5B	$1.3B	$1.5B	$1.6B
Inventories	$2.2B	$2.0B	$2.0B	$2.0B
Prepaid expenses and other current assets	$165.6M	$148.2M	$140.4M	$115.6M
Income taxes receivable	$31.2M	$60.4M	$35.6M	$36.6M
Total current assets	$4.1B	$3.9B	$4.8B	$4.9B
Property, plant and equipment, net	$2.6B	$2.5B	$2.2B	$2.0B
Operating lease right-of-use assets	$315.2M	$275.2M	$231.6M	$216.4M
Goodwill	$2.2B	$2.2B	$2.1B	$2.1B
Intangible assets, net	$960.1M	$1.0B	$981.1M	$1.0B
Cash surrender value of life insurance policies, net	$48.0M	$46.0M	$43.8M	$42.0M
Other long-term assets	$105.7M	$91.2M	$92.5M	$84.8M
Total assets	$10.4B	$10.0B	$10.5B	$10.3B
Accounts payable	$375.2M	$361.9M	$410.3M	$412.4M
Accrued expenses	$150.0M	$144.4M	$118.5M	$118.8M
Accrued compensation and retirement benefits	$198.1M	$195.2M	$213.9M	$240.0M
Accrued insurance costs	$56.4M	$50.4M	$44.4M	$43.4M
Current maturities of long-term debt	$700.0K	$399.7M	—	—
Current maturities of operating lease liabilities	$67.7M	$61.4M	$56.2M	$52.5M
Total current liabilities	$848.1M	$1.2B	$843.6M	$1.4B
Long-term debt	$1.4B	$742.8M	$1.1B	$1.1B
Operating lease liabilities	$250.9M	$214.2M	$178.9M	$165.2M
Long-term retirement benefits	$24.9M	$26.9M	$25.1M	$26.1M
Other long-term liabilities	$74.1M	$56.8M	$64.0M	$51.4M
Deferred income taxes	$575.6M	$537.5M	$494.0M	$476.6M
Total liabilities	$3.2B	$2.8B	$2.7B	—
Common stock and additional paid-in capital, $0.001 par value and 200,000 shares authorized Issued and outstanding shares-51,735 and 53,715	100.0K	100.0K	100.0K	100.0K
Retained earnings	$7.3B	$7.3B	$7.8B	$7.2B
Accumulated other comprehensive loss	($87.6M)	($115.2M)	($76.7M)	($86.3M)
Total Reliance stockholders' equity	$7.2B	$7.2B	$7.7B	$7.1B
Noncontrolling interests	$9.4M	$11.0M	$10.5M	$8.5M
Total equity	$7.2B	$7.2B	$7.7B	$7.1B
Total liabilities and equity	$10.4B	$10.0B	$10.5B	$10.3B

Reliance Inc balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and cash equivalents	$235.4M	$249.7M	$261.2M	$239.5M
Accounts receivable, less allowance for credit losses of $22.3 and $22.1	$2.2B	$2.0B	$1.7B	$1.7B
Inventories	$2.3B	$2.2B	$2.3B	$2.3B
Prepaid expenses and other current assets	$152.2M	$135.2M	$112.5M	$126.7M
Total current assets	$4.9B	$4.6B	$4.4B	$4.3B
Property, plant and equipment, net	$2.7B	$2.6B	$2.6B	$2.6B
Operating lease right-of-use assets	$326.8M	$331.5M	$303.7M	$303.8M
Goodwill	$2.2B	$2.2B	$2.2B	$2.2B
Intangible assets, net	$945.0M	$953.0M	$977.6M	$988.7M
Cash surrender value of life insurance policies, net	$37.4M	$41.9M	$30.1M	$35.2M
Other long-term assets	$106.7M	$103.4M	$90.1M	$93.2M
Total assets	$11.2B	$10.8B	$10.5B	$10.5B
Accounts payable	$627.3M	$552.1M	$507.8M	$516.6M
Accrued expenses	$160.8M	$152.5M	$147.5M	$133.7M
Accrued compensation and retirement benefits	$212.0M	$171.5M	$201.2M	$179.5M
Accrued insurance costs	$61.3M	$56.4M	$53.1M	$54.1M
Current maturities of operating lease liabilities	$67.3M	$69.2M	$64.5M	$64.0M
Income taxes payable	$17.2M	$41.1M	$9.6M	—
Total current liabilities	$1.1B	$1.0B	$984.0M	$1.3B
Long-term debt	$1.7B	$1.7B	$1.4B	$1.0B
Operating lease liabilities	$264.0M	$266.3M	$242.3M	$242.6M
Long-term retirement benefits	$26.4M	$25.3M	$28.4M	$29.8M
Other long-term liabilities	$79.4M	$74.4M	$60.7M	$62.2M
Deferred income taxes	$574.4M	$574.9M	$537.0M	$537.7M
Total liabilities	$3.8B	$3.7B	$3.2B	$3.2B
Common stock and additional paid-in capital, $0.001 par value and 200,000 shares authorized Issued and outstanding shares-51,053 and 51,735	23.4M	100.0K	100.0K	100.0K
Retained earnings	$7.5B	$7.2B	$7.4B	$7.3B
Accumulated other comprehensive loss	($99.4M)	($95.7M)	($95.0M)	($86.2M)
Total Reliance stockholders' equity	$7.4B	$7.1B	$7.3B	$7.2B
Noncontrolling interests	$9.7M	$9.2M	$10.5M	$10.0M
Total equity	$7.4B	$7.1B	$7.3B	$7.2B
Total liabilities and equity	$11.2B	$10.8B	$10.5B	$10.5B

Cash flow statement

Reliance Inc cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net income	$741.6M	$878.0M	$1.3B	$1.8B
Depreciation and amortization expense	$278.2M	$268.7M	$245.4M	$240.2M
Impairment	$9.9M	$11.7M	—	—
Provision for credit losses	$3.0M	$2.2M	$3.5M	$3.4M
Deferred income tax provision	$37.1M	$36.4M	$16.2M	($6.7M)
Stock-based compensation expense	$55.6M	$56.8M	$65.0M	$65.3M
Other	($12.7M)	$4.3M	($300.0K)	$2.5M
Accounts receivable	($195.4M)	$167.4M	$95.6M	$105.7M
Inventories	($154.8M)	$116.8M	($41.5M)	$58.9M
Prepaid expenses and other assets	$75.8M	$27.2M	$37.3M	$17.4M
Accounts payable and other liabilities	($6.9M)	($145.5M)	($89.5M)	($237.0M)
Net cash provided by operating activities	$831.4M	$1.4B	$1.7B	$2.1B
Acquisitions, net of cash acquired	($2.8M)	($364.6M)	($24.0M)	—
Purchases of property, plant and equipment	($328.9M)	($430.6M)	($468.8M)	($341.8M)
Proceeds from sales of property, plant and equipment	$17.2M	$4.7M	$11.1M	$10.9M
Other	($7.3M)	($13.2M)	($2.2M)	($17.6M)
Net cash used in investing activities	($321.8M)	($803.7M)	($483.9M)	($348.5M)
Proceeds from long-term debt borrowings	$2.7B	$663.0M	—	—
Principal payments on long-term debt	($2.4B)	($663.3M)	($506.1M)	($300.0K)
Cash dividends and dividend equivalents	($254.7M)	($249.7M)	($238.1M)	($217.1M)
Share repurchases	($594.1M)	($1.1B)	($479.5M)	($630.3M)
Taxes paid related to net share settlement of restricted stock units	($17.9M)	($42.8M)	($54.1M)	($39.7M)
Excise tax on repurchase of common shares	-10.0M	—	—	—
Other	($20.2M)	$10.1M	($2.3M)	($3.0M)
Net cash used in financing activities	($620.2M)	($1.4B)	($1.3B)	($892.6M)
Effect of exchange rate changes on cash and cash equivalents	$9.1M	($11.8M)	$1.7M	($4.6M)
Decrease in cash and cash equivalents	($101.5M)	($762.1M)	($93.2M)	$872.9M
Cash and cash equivalents, beginning balance	$318.1M	$1.1B	$1.2B	$300.5M
Cash and cash equivalents, ending balance	$216.6M	—	—	—
Interest paid	$54.7M	$37.8M	$41.8M	$59.7M
Income taxes paid, net	$163.7M	$244.9M	$386.3M	$692.4M

Reliance Inc cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net income	$589.2M	$265.6M	$624.7M	$434.7M
Depreciation and amortization	$138.7M	$69.2M	$208.9M	$138.4M
Stock-based compensation	$36.7M	$13.3M	$43.2M	$28.1M
Other	($800.0K)	$7.6M	($9.1M)	($5.2M)
Accounts receivable	($673.3M)	($416.2M)	($331.0M)	($326.8M)
Inventories	($139.1M)	($47.7M)	($275.4M)	($219.8M)
Prepaid expenses and other assets	$86.0M	$83.1M	$154.4M	$117.6M
Accounts payable and other liabilities	$276.2M	$176.5M	$139.6M	$126.5M
Net cash provided by operating activities	$313.6M	$151.4M	$555.3M	$293.5M
Purchases of property, plant and equipment	($157.6M)	($64.2M)	($255.7M)	($174.5M)
Proceeds from sales of property, plant and equipment	$15.4M	—	$13.8M	$12.9M
Other	($4.6M)	($5.8M)	$12.0M	$5.6M
Net cash used in investing activities	($146.8M)	($70.0M)	($232.7M)	($158.8M)
Proceeds from long-term debt borrowings	$1.6B	$925.0M	$2.1B	$1.1B
Principal payments on long-term debt	($1.3B)	($652.7M)	($1.8B)	($781.0M)
Cash dividends and dividend equivalents	($130.4M)	($66.6M)	($191.2M)	($128.3M)
Share repurchases	($234.2M)	($234.2M)	($394.0M)	($333.1M)
Taxes paid on net-settled restricted stock units	($14.8M)	($14.7M)	($11.8M)	($11.6M)
Excise tax on repurchase of common shares	-5.4M	—	-10.0M	-10.0M
Other	($3.7M)	($3.4M)	($18.2M)	($21.0M)
Net cash used in financing activities	($146.2M)	($46.6M)	($387.2M)	($222.0M)
Effect of exchange rate changes on cash and cash equivalents	($1.8M)	($1.7M)	$7.7M	$8.7M
Increase (decrease) in cash and cash equivalents	$18.8M	$33.1M	($56.9M)	($78.6M)
Cash and cash equivalents, beginning balance	$216.6M	$216.6M	$318.1M	$318.1M
Cash and cash equivalents, ending balance	$235.4M	$249.7M	$261.2M	$239.5M
Interest paid	$32.7M	$13.2M	$37.8M	$24.0M
Income taxes paid, net	$142.7M	$12.5M	$115.7M	$71.0M

Reliance Inc score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.