Reliance (RS) Operating Expenses (2009 - 2026)

Reliance (RS) reported Operating Expenses of $3.7 billion for Q1 2026, up 13.95% year-over-year from $3.2 billion in Q1 2025, and up 9.78% quarter-over-quarter from $3.3 billion in Q4 2025.

Reliance (RS) Operating Expenses (2009 - 2026) Analysis & Trends

Reliance (RS) has 18 years of Operating Expenses data on file, last reported at $3.7 billion in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $3.7 billion, up 13.95% year-over-year; the trailing twelve-month figure through Mar 2026 was $13.7 billion (up 8.67% YoY), and the FY2025 annual result was $13.3 billion, up 4.79% from the prior year.
  • Operating Expenses grew to $3.7 billion in Q1 2026 per RS's latest filing, from $3.3 billion in the prior quarter.
  • Over five years, Operating Expenses peaked at $3.9 billion in Q2 2022 and troughed at $3.0 billion in Q4 2024.
  • A 5-year average of $3.4 billion and a median of $3.3 billion in 2025 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2022 and 2023: Operating Expenses soared 53.23% in 2022, then decreased 13.48% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $3.2 billion in 2022, then decreased by 4.56% to $3.0 billion in 2023, then decreased by 0.91% to $3.0 billion in 2024, then increased by 11.64% to $3.3 billion in 2025, then gained by 9.78% to $3.7 billion in 2026.
  • Business Quant data shows RS's Operating Expenses at $3.7 billion in Q1 2026, $3.3 billion in Q4 2025, and $3.4 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Ternium 94.27 Bn 84.31 Bn 686.87 Mn -390.27 Mn
2 Nucor 58.23 Bn 56.84 Bn 1.50 Bn 378.00 Mn
3 ArcelorMittal 51.15 Bn 48.81 Bn - -
4 Steel Dynamics 38.88 Bn 38.02 Bn 763.22 Mn 175.22 Mn
5 Reliance 20.36 Bn 20.12 Bn 1.17 Bn 3.66 Bn
6 Cleveland-Cliffs 7.71 Bn 7.86 Bn -82.00 Mn 5.14 Bn
7 Algoma Steel 2.77 Bn 2.77 Bn -92.32 -
8 National Steel 2.24 Bn -552.84 Mn 479.33 Mn -423.40 Mn
9 Worthington Steel 2.07 Bn 2.07 Bn 76.10 Mn 71.50 Mn
10 NWPX Infrastructure 1.13 Bn 1.11 Bn 26.67 Mn 14.01 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 3.66 Bn
Dec 31, 2025 3.33 Bn
Sep 30, 2025 3.39 Bn
Jun 30, 2025 3.35 Bn
Mar 31, 2025 3.21 Bn
Dec 31, 2024 2.98 Bn
Sep 30, 2024 3.15 Bn
Jun 30, 2024 3.29 Bn
Mar 31, 2024 3.25 Bn
Dec 31, 2023 3.01 Bn
Sep 30, 2023 3.23 Bn
Jun 30, 2023 3.37 Bn
Mar 31, 2023 3.45 Bn
Dec 31, 2022 3.16 Bn
Sep 30, 2022 3.70 Bn
Jun 30, 2022 3.89 Bn
Mar 31, 2022 3.77 Bn
Dec 31, 2021 3.43 Bn
Sep 30, 2021 3.30 Bn
Jun 30, 2021 2.96 Bn