Reliance Steel & Aluminum (RS)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $19.9B, Reliance Steel & Aluminum's free cash flow of $502M (fiscal 2025) would need to grow about 14% a year for the stock to be worth today's price. That is faster than the company has grown its free cash flow over the last 9 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from Reliance Steel & Aluminum's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from RS's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Reliance Steel & Aluminum's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $14.1B | $17.0B | $14.8B | $13.8B | $14.3B |
| Net income | $1.4B | $1.8B | $1.3B | $875M | $739M |
| Free cash flow | $563M | $1.8B | $1.2B | $999M | $502M |
| EPS (diluted) | $21.97 | $29.92 | $22.64 | $15.56 | $13.98 |
| Operating margin | 13.8% | 14.7% | 11.7% | 8.4% | 7.1% |
Where the revenue comes from
Revenue by products, fiscal 2025.
Superinvestors who own RS
From each investor's latest 13F filing (what a 13F shows). 4 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Donald Yacktman Yacktman Asset Management |
Added | $261M | 3.2% | Q2 2026 |
| Cliff Asness AQR Capital Management |
Trimmed | $39M | 0.01% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Added | $33M | 0.08% | Q2 2026 |
| Jean-Marie Eveillard First Eagle Investment Management |
Added | $544,709 | 0.00% | Q2 2026 |
Insider buying
Open-market purchases by Reliance Steel & Aluminum's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
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In the full deep dive
Questions
What growth does Reliance Steel & Aluminum's stock price imply?
At a market value of $19.9B, Reliance Steel & Aluminum would need its free cash flow to grow about 14% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 9 years its free cash flow grew 1% a year.
Are Reliance Steel & Aluminum insiders buying the stock?
No open-market insider purchases of RS in the last 12 months, according to SEC Form 4 filings.
Which superinvestors own Reliance Steel & Aluminum?
4 of the superinvestors Investingly tracks hold RS in their latest 13F, including Donald Yacktman, Cliff Asness, Joel Greenblatt.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.