Reliance Steel & Aluminum Co (RS) - Net Assets
Based on the latest financial reports, Reliance Steel & Aluminum Co (RS) has net assets worth $7.18 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($10.37 Billion) and total liabilities ($3.19 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check asset resilience ratio of Reliance Steel & Aluminum Co to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $7.18 Billion |
| % of Total Assets | 69.21% |
| Annual Growth Rate | 15.19% |
| 5-Year Change | 41.15% |
| 10-Year Change | 83.39% |
| Growth Volatility | 18.75 |
Reliance Steel & Aluminum Co - Net Assets Trend (1993–2024)
This chart illustrates how Reliance Steel & Aluminum Co's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Reliance Steel & Aluminum Co for the complete picture of this company's asset base.
Annual Net Assets for Reliance Steel & Aluminum Co (1993–2024)
The table below shows the annual net assets of Reliance Steel & Aluminum Co from 1993 to 2024. For live valuation and market cap data, see RS company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $7.23 Billion | -6.49% |
| 2023-12-31 | $7.73 Billion | +8.98% |
| 2022-12-31 | $7.10 Billion | +16.45% |
| 2021-12-31 | $6.09 Billion | +18.95% |
| 2020-12-31 | $5.12 Billion | -1.75% |
| 2019-12-31 | $5.21 Billion | +11.42% |
| 2018-12-31 | $4.68 Billion | -0.43% |
| 2017-12-31 | $4.70 Billion | +12.46% |
| 2016-12-31 | $4.18 Billion | +6.00% |
| 2015-12-31 | $3.94 Billion | -4.49% |
| 2014-12-31 | $4.13 Billion | +6.27% |
| 2013-12-31 | $3.88 Billion | +8.89% |
| 2012-12-31 | $3.57 Billion | +13.18% |
| 2011-12-31 | $3.15 Billion | +11.37% |
| 2010-12-31 | $2.83 Billion | +8.51% |
| 2009-12-31 | $2.61 Billion | +7.11% |
| 2008-12-31 | $2.44 Billion | +15.52% |
| 2007-12-31 | $2.11 Billion | +20.62% |
| 2006-12-31 | $1.75 Billion | +66.92% |
| 2005-12-31 | $1.05 Billion | +24.93% |
| 2004-12-31 | $838.09 Million | +27.56% |
| 2003-12-31 | $657.00 Million | +5.87% |
| 2002-12-31 | $620.57 Million | +6.28% |
| 2001-12-31 | $583.88 Million | +44.87% |
| 2000-12-31 | $403.04 Million | +0.68% |
| 1999-12-31 | $400.30 Million | +15.76% |
| 1998-12-31 | $345.80 Million | +10.41% |
| 1997-12-31 | $313.20 Million | +62.62% |
| 1996-12-31 | $192.60 Million | +17.51% |
| 1995-12-31 | $163.90 Million | +9.27% |
| 1994-12-31 | $150.00 Million | +66.48% |
| 1993-12-31 | $90.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Reliance Steel & Aluminum Co's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 9865.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $7.33 Billion | 101.59% |
| Common Stock | $100.00K | 0.00% |
| Other Comprehensive Income | $-115.20 Million | -1.60% |
| Total Equity | $7.22 Billion | 100.00% |
Reliance Steel & Aluminum Co Competitors by Market Cap
The table below lists competitors of Reliance Steel & Aluminum Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JD HEALTH INTL LTD
F:8ZN
|
$17.90 Billion |
|
B3 S.A. - Brasil Bolsa Balcão
SA:B3SA3
|
$17.91 Billion |
|
China International Travel Service Corp Ltd
SHG:601888
|
$17.91 Billion |
|
Halliburton Co
BA:HAL
|
$17.91 Billion |
|
Publicis Groupe SA
PA:PUB
|
$17.87 Billion |
|
YPF S.A. D
BA:YPFD
|
$17.84 Billion |
|
NN Group NV
AS:NN
|
$17.82 Billion |
|
Bank of Hangzhou Co Ltd
SHG:600926
|
$17.81 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Reliance Steel & Aluminum Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,722,300,000 to 7,219,600,000, a change of -502,700,000 (-6.5%).
- Net income of 875,200,000 contributed positively to equity growth.
- Dividend payments of 249,700,000 reduced retained earnings.
- Share repurchases of 1,093,700,000 reduced equity.
- Other comprehensive income decreased equity by 38,500,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $875.20 Million | +12.12% |
| Dividends Paid | $249.70 Million | -3.46% |
| Share Repurchases | $1.09 Billion | -15.15% |
| Other Comprehensive Income | $-38.50 Million | -0.53% |
| Other Changes | $4.00 Million | +0.06% |
| Total Change | $- | -6.51% |
Book Value vs Market Value Analysis
This analysis compares Reliance Steel & Aluminum Co's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.88x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 137.12x to 2.88x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | $2.69 | $369.29 | x |
| 1994-12-31 | $3.96 | $369.29 | x |
| 1995-12-31 | $3.50 | $369.29 | x |
| 1996-12-31 | $4.13 | $369.29 | x |
| 1997-12-31 | $6.55 | $369.29 | x |
| 1998-12-31 | $6.11 | $369.29 | x |
| 1999-12-31 | $7.18 | $369.29 | x |
| 2000-12-31 | $7.38 | $369.29 | x |
| 2001-12-31 | $10.25 | $369.29 | x |
| 2002-12-31 | $9.59 | $369.29 | x |
| 2003-12-31 | $10.16 | $369.29 | x |
| 2004-12-31 | $12.59 | $369.29 | x |
| 2005-12-31 | $15.56 | $369.29 | x |
| 2006-12-31 | $23.73 | $369.29 | x |
| 2007-12-31 | $27.69 | $369.29 | x |
| 2008-12-31 | $33.04 | $369.29 | x |
| 2009-12-31 | $35.36 | $369.29 | x |
| 2010-12-31 | $37.92 | $369.29 | x |
| 2011-12-31 | $41.90 | $369.29 | x |
| 2012-12-31 | $47.01 | $369.29 | x |
| 2013-12-31 | $49.90 | $369.29 | x |
| 2014-12-31 | $52.14 | $369.29 | x |
| 2015-12-31 | $52.26 | $369.29 | x |
| 2016-12-31 | $56.74 | $369.29 | x |
| 2017-12-31 | $63.46 | $369.29 | x |
| 2018-12-31 | $64.49 | $369.29 | x |
| 2019-12-31 | $76.73 | $369.29 | x |
| 2020-12-31 | $78.38 | $369.29 | x |
| 2021-12-31 | $94.62 | $369.29 | x |
| 2022-12-31 | $115.25 | $369.29 | x |
| 2023-12-31 | $130.85 | $369.29 | x |
| 2024-12-31 | $128.36 | $369.29 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Reliance Steel & Aluminum Co utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.12%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.33%
- • Asset Turnover: 1.38x
- • Equity Multiplier: 1.39x
- Recent ROE (12.12%) is below the historical average (12.93%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 10.21% | 2.47% | 2.28x | 1.81x | $190.00K |
| 1994 | 9.60% | 3.22% | 2.24x | 1.33x | $-600.00K |
| 1995 | 13.85% | 4.04% | 2.15x | 1.59x | $6.31 Million |
| 1996 | 15.47% | 4.56% | 1.67x | 2.03x | $10.54 Million |
| 1997 | 10.92% | 3.56% | 1.65x | 1.86x | $2.88 Million |
| 1998 | 13.79% | 3.53% | 1.61x | 2.43x | $13.12 Million |
| 1999 | 14.39% | 3.81% | 1.68x | 2.25x | $17.57 Million |
| 2000 | 15.46% | 3.61% | 1.73x | 2.47x | $22.02 Million |
| 2001 | 6.22% | 2.19% | 1.53x | 1.85x | $-22.05 Million |
| 2002 | 4.95% | 1.73% | 1.53x | 1.87x | $-30.82 Million |
| 2003 | 5.25% | 1.81% | 1.37x | 2.11x | $-30.75 Million |
| 2004 | 20.63% | 5.76% | 1.89x | 1.90x | $87.47 Million |
| 2005 | 19.95% | 6.09% | 1.91x | 1.72x | $102.45 Million |
| 2006 | 20.30% | 6.17% | 1.59x | 2.07x | $179.87 Million |
| 2007 | 19.37% | 5.61% | 1.82x | 1.89x | $197.33 Million |
| 2008 | 19.86% | 5.54% | 1.68x | 2.14x | $239.63 Million |
| 2009 | 5.68% | 2.79% | 1.23x | 1.65x | $-112.49 Million |
| 2010 | 6.88% | 3.08% | 1.35x | 1.65x | $-88.02 Million |
| 2011 | 10.94% | 4.23% | 1.45x | 1.78x | $29.41 Million |
| 2012 | 11.34% | 4.78% | 1.44x | 1.65x | $47.66 Million |
| 2013 | 8.30% | 3.49% | 1.26x | 1.89x | $-65.86 Million |
| 2014 | 9.06% | 3.55% | 1.33x | 1.91x | $-38.40 Million |
| 2015 | 7.96% | 3.33% | 1.31x | 1.82x | $-79.91 Million |
| 2016 | 7.33% | 3.53% | 1.16x | 1.79x | $-110.58 Million |
| 2017 | 13.14% | 6.31% | 1.25x | 1.66x | $146.69 Million |
| 2018 | 13.56% | 5.49% | 1.43x | 1.72x | $166.54 Million |
| 2019 | 13.47% | 6.39% | 1.35x | 1.56x | $180.84 Million |
| 2020 | 7.22% | 4.19% | 1.09x | 1.58x | $-142.44 Million |
| 2021 | 23.22% | 10.03% | 1.48x | 1.57x | $804.35 Million |
| 2022 | 25.96% | 10.81% | 1.65x | 1.46x | $1.13 Billion |
| 2023 | 17.30% | 9.02% | 1.41x | 1.36x | $563.67 Million |
| 2024 | 12.12% | 6.33% | 1.38x | 1.39x | $153.24 Million |
Industry Comparison
This section compares Reliance Steel & Aluminum Co's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $5,485,797,024
- Average return on equity (ROE) among peers: 13.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Reliance Steel & Aluminum Co (RS) | $7.18 Billion | 10.21% | 0.44x | $17.90 Billion |
| Cleveland-Cliffs Inc (CLF) | $357.90 Million | 81.81% | 8.79x | $5.92 Billion |
| Commercial Metals Company (CMC) | $501.31 Million | 8.08% | 1.45x | $7.87 Billion |
| Friedman Industries Inc. Common Stock (FRD) | $16.50 Million | 4.85% | 0.24x | $137.98 Million |
| Friedman Industries Inc. Common Stock (FRD) | $33.50 Million | 5.67% | 0.15x | $138.83 Million |
| Gerdau SA ADR (GGB) | $53.80 Billion | 2.58% | 0.52x | $5.42 Billion |
| Hongli Group Inc. Ordinary Shares (HLP) | $13.47 Million | 21.76% | 1.68x | $60.37 Million |
| Huadi International Group Co Ltd (HUDI) | $74.68 Million | 4.36% | 0.38x | $17.16 Million |
| Inno Holdings Inc. Common Stock (INHD) | $15.17 Million | -46.68% | 0.06x | $9.59 Million |
| FST Corp. Ordinary Shares (KBSX) | $32.42 Million | 28.92% | 0.85x | $51.70 Million |
| Luda Technology Group Limited (LUD) | $14.53 Million | 21.11% | 1.73x | $140.00 Million |
About Reliance Steel & Aluminum Co
Reliance, Inc. operates as a diversified metal solutions provider and metals service center company primarily in the United States and Canada. The company distributes a line of metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and other specialty steel products; and provides metals processing services to consumer products, general manufacturing, no… Read more