Reliance (RS) Operating Margin (2009 - 2026)
Reliance's Operating Margin was 10.59% in Q3 2026, up 3.47 percentage points from 7.12% a year earlier and up 1.05 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 8.80% through Sep 30, 2026, up 1.70 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 Q3 2026 figure marks the highest quarterly Operating Margin since Q1 2024.
- Compared with a year earlier, Operating Margin has increased for four straight quarters, with an average year-over-year change of -0.52 percentage points over the last eight quarters.
- The best year-over-year quarter for Operating Margin over five years was Q4 2021 (a gain of 5.51 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 Q3 2026 was 9.54% (Q2 2026), 9.14% (Q1 2026) and 4.75% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Rentals | 70.03 Bn | 69.15 Bn | 2.05 Bn | 28.80% |
| 2 | W.W. Grainger | 68.13 Bn | 65.49 Bn | 2.01 Bn | 15.98% |
| 3 | Fastenal | 62.04 Bn | 61.04 Bn | 1.10 Bn | 21.55% |
| 4 | Ferguson Enterprises | 49.55 Bn | 46.77 Bn | 2.32 Bn | 8.19% |
| 5 | Sunbelt Rentals Holdings | 33.45 Bn | 33.33 Bn | 1.25 Bn | 22.18% |
| 6 | Reliance | 21.95 Bn | 21.01 Bn | 1.45 Bn | 10.59% |
| 7 | Wesco International | 15.78 Bn | 12.83 Bn | 1.57 Bn | 6.24% |
| 8 | Watsco | 11.75 Bn | 9.43 Bn | 578.93 Mn | 11.32% |
| 9 | Applied Industrial Technologies | 10.98 Bn | 10.87 Bn | 392.21 Mn | 11.12% |
| 10 | Avantor | 10.60 Bn | 9.18 Bn | 534.80 Mn | 8.21% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 10.59% |
| 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% |
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();