RELIANCE, Inc. (RS) intrinsic value & 10-year financials
RELIANCE, Inc. (RS) has a Graham intrinsic value of $295.50 per share. At $411.17 on Oct 17, 2026, the stock trades 39% above that value. Over the last 10 fiscal years revenue grew 5.8% a year to $14.3B, with an average return on invested capital of 13.1%.
- Graham intrinsic value
- $295.50
- Share price (Oct 17, 2026)
- $411.17
- Price vs Graham value
- 39% above
- Market cap
- $21.7B
- Revenue (FY2025)
- $14.3B
- Revenue growth (10-yr CAGR)
- 5.8%
- ROIC (10-yr avg)
- 13.1%
- Free cash flow (FY2025)
- $502.5M
RS 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $14.3B | $739.4M | $13.98 | $502.5M | 7.1% | 9.2% |
| FY2024 | $13.8B | $875.2M | $15.56 | $999.2M | 8.4% | 11.0% |
| FY2023 | $14.8B | $1.3B | $22.64 | $1.2B | 11.7% | 17.6% |
| FY2022 | $17.0B | $1.8B | $29.92 | $1.8B | 14.7% | 25.7% |
| FY2021 | $14.1B | $1.4B | $21.97 | $562.8M | 13.8% | 21.2% |
| FY2020 | $8.8B | $372.4M | $5.66 | $1.0B | 6.4% | 6.8% |
| FY2019 | $11.0B | $706.1M | $10.34 | $1.1B | 9.2% | 11.5% |
| FY2018 | $11.5B | $641.8M | $8.75 | $424.7M | 8.1% | 10.9% |
| FY2017 | $9.7B | $621.0M | $8.34 | $237.4M | 6.8% | 10.9% |
| FY2016 | $8.6B | $309.1M | $4.16 | $471.6M | 6.0% | 6.3% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
RELIANCE, INC. has demonstrated mature, steady growth, with revenue compounding at 5.8% annually over the past decade.
RELIANCE, INC. returns on capital have been average, hovering around 13.1% ROIC over the decade.
Over the decade, RELIANCE, INC. shows that management has aggressively returned capital to shareholders by retiring 27.7% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, RELIANCE, INC. is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $295.50 per share.