Reliance (RS) Operating Margin (2009 - 2026)
Reliance's Operating Margin was 9.54% in Q2 2026, up 1.01 percentage points from 8.53% a year earlier and up 0.40 percentage points from the prior quarter.
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Analysis
Reliance (RS) Operating Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Reliance's Operating Margin was 7.82% through Jun 30, 2026, up 0.50 percentage points year-over-year; for FY2025, it was 7.08%, down 1.30 percentage points from FY2024.
- Operating Margin has now declined for three consecutive years, though with a five-year change of +0.66 percentage points (FY2020 to FY2025).
- In earlier years, Operating Margin was 8.38% in FY2024 (-3.36 pp), 11.75% in FY2023 (-2.98 pp), 14.72% in FY2022 (+0.90 pp) and 13.83% in FY2021 (+7.41 pp).
- The Q2 2026 figure marks the highest quarterly Operating Margin since Q2 2024.
- Compared with a year earlier, Operating Margin has increased for three straight quarters, with an average year-over-year change of -1.30 percentage points over the last eight quarters.
- The best year-over-year quarter for Operating Margin over five years was Q3 2021 (a gain of 6.54 percentage points); the worst was Q4 2024 (a drop of 5.21 percentage points).
- Per Business Quant data, RS's Operating Margin in the three quarters before Q2 2026 was 9.14% (Q1 2026), 4.75% (Q4 2025) and 7.12% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 58.83 Bn | 56.81 Bn | 1.98 Bn | 16.07% |
| 2 | Fastenal | 57.33 Bn | 56.25 Bn | 1.06 Bn | 21.02% |
| 3 | Ferguson Enterprises | 43.46 Bn | 40.68 Bn | 2.32 Bn | 8.19% |
| 4 | Sunbelt Rentals Holdings | 30.25 Bn | 30.13 Bn | 1.25 Bn | 22.18% |
| 5 | Reliance | 19.78 Bn | 18.82 Bn | 1.30 Bn | 9.54% |
| 6 | Wesco International | 17.79 Bn | 15.10 Bn | 1.46 Bn | 5.73% |
| 7 | Applied Industrial Technologies | 12.37 Bn | 12.24 Bn | 411.22 Mn | 11.78% |
| 8 | Watsco | 10.71 Bn | 8.87 Bn | 578.93 Mn | 11.32% |
| 9 | Avantor | 10.31 Bn | 9.11 Bn | 537.00 Mn | 7.20% |
| 10 | Core & Main | 7.69 Bn | 6.99 Bn | 573.00 Mn | 10.58% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.54% |
| Mar 31, 2026 | 9.14% |
| Dec 31, 2025 | 4.75% |
| Sep 30, 2025 | 7.12% |
| Jun 30, 2025 | 8.53% |
| Mar 31, 2025 | 7.87% |
| Dec 31, 2024 | 4.54% |
| Sep 30, 2024 | 7.99% |
| Jun 30, 2024 | 9.65% |
| Mar 31, 2024 | 10.79% |
| Dec 31, 2023 | 9.74% |
| Sep 30, 2023 | 10.75% |
| Jun 30, 2023 | 13.18% |
| Mar 31, 2023 | 12.95% |
| Dec 31, 2022 | 12.60% |
| Sep 30, 2022 | 12.91% |
| Jun 30, 2022 | 16.82% |
| Mar 31, 2022 | 15.96% |
| Dec 31, 2021 | 14.10% |
| Sep 30, 2021 | 14.23% |
API Access
Reliance Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=RS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "RS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=RS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();