Filing Flows › Reliance (RS) › How it makes money
How Reliance (RS) makes money
Reliance (RS) made $5.2B of revenue in the third quarter 2026 (Q3 2026), +43% from a year earlier. Carbon steel brought in $3.1B (60%); Aluminum brought in $862M (17%); Stainless steel brought in $635M (12%). Of every dollar of revenue, 11¢ was left as operating profit, 8¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Carbon steel | $3.1B | 59.8% | +19% | +53% |
| Aluminum | $862M | 16.5% | +3% | +39% |
| Stainless steel | $635M | 12.2% | +7% | +30% |
| Toll processing and logistics | $190M | 3.7% | +4% | +14% |
| Alloy | $187M | 3.6% | +0.3% | +17% |
| Copper and brass | $129M | 2.5% | +4% | +26% |
| Miscellaneous and eliminations | $91.0M | 1.7% | +11% | +17% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $5.2B | 100.0% |
| Operating profit | $552M | 10.6% |
| Income tax | $128M | 2.5% |
| Net earnings | $403M | 7.7% |
| Operating cash flow | $212M | 4.1% |
| Free cash flow | $133M | 2.6% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $5.2B | +43% |
| Q2 2026 | $4.6B | +26% |
| Q1 2026 | $4.0B | +16% |
| Q4 2025 | $3.5B | +12% |
| Q3 2025 | $3.7B | +7% |
| Q2 2025 | $3.7B | +0.5% |
| Q1 2025 | $3.5B | -4% |
From Reliance's 10-Q filed Oct 27, 2026 (on EDGAR).
Questions
How does Reliance make money?
Reliance (RS) made $5.2B of revenue in the third quarter 2026 (Q3 2026), +43% from a year earlier. Carbon steel brought in $3.1B (60%); Aluminum brought in $862M (17%); Stainless steel brought in $635M (12%). Of every dollar of revenue, 11¢ was left as operating profit, 8¢ was left as net earnings.
What is Reliance's biggest business?
Carbon steel: $3.1B in the third quarter 2026, 60% of revenue, +53% from a year earlier.
What is Reliance's profit margin?
Net earnings were $403M, 7.7% of revenue, in the third quarter 2026; the operating margin was 10.6%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.