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Reliance (RS)

Market Price (6/15/2026): $413.43 | Market Cap: $21.3 BilSector: Materials | Industry: Steel

Reliance (RS)

Market Price (6/15/2026): $413.43
Market Cap: $21.3 Bil
Sector: Materials
Industry: Steel

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Stock buyback support
Stock Buyback 3Y Total is 2.4 Bil

Low stock price volatility
Vol 12M is 25%

Megatrend and thematic drivers
Megatrends include Advanced Materials, Circular Economy & Recycling, and Renewable Energy Transition. Themes include Lightweight Composites, Show more.

Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%

Weak multi-year price returns
3Y Excs Rtn is -0.4%

Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.1%

Key risks
RS key risks include [1] volatility and long-term decarbonization pressures on its core oil-to-chemicals business, Show more.

0 Stock buyback support
Stock Buyback 3Y Total is 2.4 Bil
1 Low stock price volatility
Vol 12M is 25%
2 Megatrend and thematic drivers
Megatrends include Advanced Materials, Circular Economy & Recycling, and Renewable Energy Transition. Themes include Lightweight Composites, Show more.
3 Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%
4 Weak multi-year price returns
3Y Excs Rtn is -0.4%
5 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.1%
6 Key risks
RS key risks include [1] volatility and long-term decarbonization pressures on its core oil-to-chemicals business, Show more.

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/11/2026

Reliance (RS) stock has gained about 30% since 2/28/2026 because of the following key factors:

1. Strong Fiscal Year 2026 Performance and Shareholder Returns.

Reliance Industries Limited (RIL) reported record consolidated financial results for the fiscal year ending March 31, 2026 (FY26), which were announced on April 24, 2026. The company achieved a record annual consolidated revenue of ₹1,175,919 crore, representing a 9.8% year-on-year increase. Consolidated profit after tax (PAT) also reached a record high of ₹95,610 crore, up 18.3% year-on-year, making RIL the first Indian company to exceed $10 billion in annual net profit. Additionally, the board recommended a final dividend of ₹6 per equity share for FY26, reinforcing investor confidence through consistent shareholder returns.

2. Robust Growth in Digital Services and Retail Segments.

The company's consumer-facing businesses, Jio Platforms and Reliance Retail, continued their strong growth trajectory during FY26. For the full fiscal year, Jio Platforms reported a profit after tax of over ₹30,000 crore, a 15.1% year-on-year increase, and grew its subscriber base to over 524 million by the end of FY26. Reliance Retail Ventures also saw its annual profit approach ₹14,000 crore, an 11.7% year-on-year rise, with its store count surpassing 20,000. This performance was driven by subscriber additions, improved Average Revenue Per User (ARPU) in digital services, and broad-based expansion across consumption baskets in retail.

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Stock Movement Drivers

Fundamental Drivers

The 32.0% change in RS stock from 2/28/2026 to 6/14/2026 was primarily driven by a 20.3% change in the company's P/E Multiple.
(LTM values as of)22820266142026Change
Stock Price ($)313.29413.4332.0%
Change Contribution By: 
Total Revenues ($ Mil)14,29414,8363.8%
Net Income Margin (%)5.2%5.4%4.8%
P/E Multiple22.126.520.3%
Shares Outstanding (Mil)52520.8%
Cumulative Contribution32.0%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/14/2026
ReturnCorrelation
RS32.0% 
Market (SPY)8.4%55.2%
Sector (XLB)-1.9%67.0%

Fundamental Drivers

The 49.1% change in RS stock from 11/30/2025 to 6/14/2026 was primarily driven by a 32.8% change in the company's P/E Multiple.
(LTM values as of)113020256142026Change
Stock Price ($)277.24413.4349.1%
Change Contribution By: 
Total Revenues ($ Mil)13,92214,8366.6%
Net Income Margin (%)5.2%5.4%3.7%
P/E Multiple20.026.532.8%
Shares Outstanding (Mil)52521.6%
Cumulative Contribution49.1%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/14/2026
ReturnCorrelation
RS49.1% 
Market (SPY)9.2%40.0%
Sector (XLB)17.9%60.5%

Fundamental Drivers

The 43.5% change in RS stock from 5/31/2025 to 6/14/2026 was primarily driven by a 33.9% change in the company's P/E Multiple.
(LTM values as of)53120256142026Change
Stock Price ($)288.14413.4343.5%
Change Contribution By: 
Total Revenues ($ Mil)13,67514,8368.5%
Net Income Margin (%)5.6%5.4%-3.9%
P/E Multiple19.826.533.9%
Shares Outstanding (Mil)53522.8%
Cumulative Contribution43.5%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2025 to 6/14/2026
ReturnCorrelation
RS43.5% 
Market (SPY)27.3%36.8%
Sector (XLB)23.2%57.8%

Fundamental Drivers

The 84.5% change in RS stock from 5/31/2023 to 6/14/2026 was primarily driven by a 242.1% change in the company's P/E Multiple.
(LTM values as of)53120236142026Change
Stock Price ($)224.11413.4384.5%
Change Contribution By: 
Total Revenues ($ Mil)16,50414,836-10.1%
Net Income Margin (%)10.3%5.4%-47.3%
P/E Multiple7.826.5242.1%
Shares Outstanding (Mil)595213.9%
Cumulative Contribution84.5%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2023 to 6/14/2026
ReturnCorrelation
RS84.5% 
Market (SPY)84.5%47.5%
Sector (XLB)47.5%59.6%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
RS Return38%27%40%-2%9%43%275%
Peers Return90%38%20%-11%45%46%492%
S&P 500 Return27%-19%24%23%16%8%97%

Monthly Win Rates [3]
RS Win Rate67%42%58%58%58%67% 
Peers Win Rate61%53%47%58%67%72% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
RS Max Drawdown-20%-22%-16%-21%-22%-19% 
Peers Max Drawdown-21%-33%-30%-31%-25%-23% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

[1] Cumulative total returns since the beginning of 2021
[2] Peers: NUE, STLD, CMC. See RS Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/12/2026 (YTD)

How Low Can It Go

EventRSS&P 500
2025 US Tariff Shock
  % Loss-10.4%-18.8%
  % Gain to Breakeven11.6%23.1%
  Time to Breakeven24 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-16.2%-9.5%
  % Gain to Breakeven19.3%10.5%
  Time to Breakeven106 days24 days
2020 COVID-19 Crash
  % Loss-38.7%-33.7%
  % Gain to Breakeven63.0%50.9%
  Time to Breakeven231 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-18.5%-19.2%
  % Gain to Breakeven22.7%23.8%
  Time to Breakeven58 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-15.8%-12.2%
  % Gain to Breakeven18.7%13.9%
  Time to Breakeven41 days62 days
2014-2016 Oil Price Collapse
  % Loss-24.7%-6.8%
  % Gain to Breakeven32.8%7.3%
  Time to Breakeven411 days15 days

Compare to NUE, STLD, CMC

In The Past

Reliance's stock fell -10.4% during the 2025 US Tariff Shock. Such a loss loss requires a 11.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventRSS&P 500
2020 COVID-19 Crash
  % Loss-38.7%-33.7%
  % Gain to Breakeven63.0%50.9%
  Time to Breakeven231 days140 days
2014-2016 Oil Price Collapse
  % Loss-24.7%-6.8%
  % Gain to Breakeven32.8%7.3%
  Time to Breakeven411 days15 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-36.3%-17.9%
  % Gain to Breakeven56.9%21.8%
  Time to Breakeven92 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-32.3%-15.4%
  % Gain to Breakeven47.8%18.2%
  Time to Breakeven183 days125 days
2008-2009 Global Financial Crisis
  % Loss-77.2%-53.4%
  % Gain to Breakeven338.6%114.4%
  Time to Breakeven501 days1085 days
Summer 2007 Credit Crunch
  % Loss-31.4%-8.6%
  % Gain to Breakeven45.8%9.5%
  Time to Breakeven236 days47 days

Compare to NUE, STLD, CMC

In The Past

Reliance's stock fell -10.4% during the 2025 US Tariff Shock. Such a loss loss requires a 11.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Reliance (RS)

Reliance Steel & Aluminum Co. operates as a diversified metal solutions provider and the metals service center company in the United States, Canada, and internationally. The company distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products; and provides metals processing services to general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, and heavy industries. It also distributes non-ferrous metals products and tubular building products; and manufactures specialty extruded metals, fabricated parts, and welded components. As of December 31, 2021, the company operated a network of approximately 315 locations in 40 states in the United States and 13 in other countries. It sells its products directly to original equipment manufacturers, which primarily include small machine shops and fabricators. The company was founded in 1939 and is headquartered in Los Angeles, California.

AI Analysis | Feedback

Here are 1-3 brief analogies for Reliance (symbol: RS):

  • The Grainger of industrial metals.
  • The Sysco of industrial metals.

AI Analysis | Feedback

  • Metal Products Distribution: Reliance distributes a wide array of metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel.
  • Metals Processing Services: The company provides various metals processing services to cater to the specific needs of diverse industries.
  • Specialty Metal Manufacturing: Reliance manufactures specialty extruded metals, fabricated parts, and welded components.

AI Analysis | Feedback

Reliance Steel & Aluminum Co. (symbol: RS) sells primarily to other companies (business-to-business). The provided information does not list specific major customer companies by name or their public symbols. Instead, it describes the types of businesses it serves.

Its primary customer base includes:

  • Original Equipment Manufacturers (OEMs)
  • Small Machine Shops
  • Fabricators

These customers operate across a diverse range of industries, including general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, and heavy industries.

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Karla R. Lewis — President and Chief Executive Officer

Karla R. Lewis was appointed President and Chief Executive Officer of Reliance Steel & Aluminum Co. (now Reliance, Inc.) effective January 1, 2023. She joined Reliance in 1992 as the company's first Corporate Controller. She served as Chief Financial Officer from 1999 until January 2021, and was promoted to President in January 2021. Before joining Reliance, she began her career as a public accountant with Ernst & Young. She has been involved in all 76 of Reliance's acquisitions. Ms. Lewis also serves as a director of Goodyear Tire & Rubber Co.

Arthur Ajemyan — Senior Vice President, Chief Financial Officer and Principal Accounting Officer

Arthur Ajemyan became Senior Vice President, Chief Financial Officer in February 2022, after having been promoted from Vice President. He was promoted to Vice President, Chief Financial Officer effective January 15, 2021.

Stephen P. Koch — Executive Vice President, Chief Operating Officer

Stephen P. Koch was promoted to Executive Vice President and Chief Operating Officer in July 2022. Prior to that, he served as Senior Vice President, Operations since April 2010. From July 2007 until he joined Reliance Corporate Operations, Mr. Koch was President of Chapel Steel Corp., a subsidiary of Reliance.

William A. Smith II — Senior Vice President, General Counsel and Corporate Secretary

William A. Smith II was appointed Senior Vice President, General Counsel and Corporate Secretary in May 2015. He joined Reliance following the company's acquisition of Metals USA in April 2013. Prior to joining Metals USA, he served as Senior Vice President, Chief Legal Officer, and Secretary at Metals USA Holdings Corp. from August 2009 to May 2013. He also held roles as Senior Vice President, General Counsel, Secretary, and Director of Corporate Development at Cross Match Technologies, Inc. from July 2005 to August 2008, and was a Partner in the Corporate & Securities practice group at DLA Piper from June 1999 to June 2005.

Michael R. Hynes — Senior Vice President, Operations

Michael R. Hynes was promoted to Senior Vice President, Operations effective July 1, 2022. Previously, he served as president of Phoenix Metals, a wholly-owned subsidiary of Reliance, overseeing a network of 14 metal service center locations across the U.S. Mr. Hynes has 34 years of experience in the metals service center industry, with the last 17 years at Reliance.

AI Analysis | Feedback

Key risks to Reliance Steel & Aluminum Co. (symbol: RS) include:

  1. Metal Pricing Volatility and Margin Pressure: Reliance Steel & Aluminum Co. is significantly exposed to the volatility of commodity prices, which can lead to pressure on its profitability margins. While the company has demonstrated resilience in managing these fluctuations, it faces challenges from metal pricing volatility and, at times, excess inventories, contributing to margin compression.

  2. Economic Sensitivity and Macroeconomic Uncertainty: As a diversified metal solutions provider, Reliance's business performance is closely tied to the health of the industrial economy and specific end markets like non-residential construction, transportation, and aerospace. Macroeconomic uncertainties or downturns, both domestically and internationally, can impact demand for its products and services.

  3. Cost Inflation: The company faces ongoing risks from persistent cost inflation, particularly related to raw material and wage expenses. If these increased costs cannot be fully passed on to customers through pricing, they could dilute profit margins.

AI Analysis | Feedback

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AI Analysis | Feedback

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Reliance, Inc. (symbol: RS) operates in several large addressable markets, primarily within the United States and Canada, for its diverse range of metal products and processing services. The company serves various industries, including general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, and heavy industries.

Key addressable markets for Reliance's main products and services include:

  • Metals Service Centers (U.S.): The U.S. metal service center and distributor industry generates approximately $299.3 billion annually.
  • Steel (U.S.): The United States steel market size reached USD 141.9 billion in 2025 and is projected to grow to USD 164.9 billion by 2034.
  • Aluminum (U.S.): The U.S. aluminum market was valued at USD 14.32 billion in 2024 and is expected to reach USD 21.36 billion by 2032.
  • Specialty Steel (Global): The global special steel market size is estimated at USD 242.15 billion in 2025 and is expected to reach USD 283.59 billion by 2030.
  • Metal Fabrication (U.S.): The metal fabrication market in the U.S. was valued at US$362.4 billion in 2020 and is projected to exceed US$ 473.7 billion by 2031.
  • Aerospace Materials (U.S.): The U.S. aerospace and defense materials market generated a revenue of USD 9,960.2 million in 2023 and is expected to reach USD 13,761.5 million by 2030.
  • Construction Materials (U.S.): The U.S. construction materials market was valued at USD 146.8 billion in 2022.
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AI Analysis | Feedback

For Reliance Steel & Aluminum Co. (RS), several key drivers are expected to contribute to future revenue growth over the next 2-3 years:

  1. Sustained Strength in Non-Residential Construction: The non-residential construction sector, Reliance's largest end market by volume, is anticipated to remain robust. This growth is primarily fueled by ongoing data center, manufacturing facility, and infrastructure projects, which drive demand for the company's metal products.
  2. Market Share Gains: Reliance has consistently demonstrated its ability to capture market share by outperforming the broader industry in tons sold. This competitive advantage is attributed to the company's deliberate, diversified strategy and its ability to leverage scale and specialized services, pushing its estimated U.S. market share to approximately 17.1% in Q3 2025, up from 14.5% two years prior.
  3. Expansion of Value-Added Processing Services: The company is strategically focusing on providing higher-value, processed metal, rather than just selling raw materials. Orders that include specialized processing, such as cutting, bending, and shaping, have increased from 40% to 50% of total orders, which is expected to drive higher gross profit margins and revenue.
  4. Strategic Acquisitions: Reliance completed four key acquisitions in 2024 and continues to prioritize a disciplined mergers and acquisitions (M&A) strategy. These acquisitions are aimed at enhancing the company's geographic reach, expanding its value-added capabilities, and strengthening its margin profile, thereby contributing to future revenue growth.
  5. Pricing Discipline and Stability in Metal Prices: While metal pricing can be volatile, Reliance's strategic pricing and operational efficiency are expected to support revenue. The company anticipates average selling prices to rise or remain stable in certain product lines, particularly carbon steel and aluminum, positively impacting gross margins and overall profitability.

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Share Repurchases

  • Reliance repurchased $594.1 million of its common stock in 2025, which reduced outstanding shares by 4%. The company returned $849 million to stockholders through dividends and buybacks in 2025.
  • In 2023, the company repurchased $479.5 million of common stock. Total returns to stockholders through dividends and share repurchases reached $718 million in 2023.
  • The share repurchase plan was replenished to $1.5 billion effective October 30, 2023, with no set expiration date, and approximately $763 million remained available under this program as of early 2026.

Outbound Investments

  • In February 2024, Reliance acquired American Alloy Steel, which had approximately $310 million in annual net sales in 2023, adding specialty carbon steel plate and new fabrication capabilities.
  • Also in February 2024, Reliance completed the acquisition of Cooksey Iron & Metal Company, which had approximately $90 million in annual net sales in 2023, to strengthen its presence in the fast-growing Southeastern United States market.
  • Other recent acquisitions include Southern Steel Supply in May 2023, and Rotax Metals, Admiral Metals, and New Tech Precision Metals, all in December 2021.

Capital Expenditures

  • Reliance's capital expenditures were $328.9 million in 2025. The expected capital expenditure budget for 2026 is $275 million, with total spending including carryover anticipated to be between $300 million and $325 million.
  • Over 50% of the capital expenditure budget is dedicated to growth projects.
  • The primary focus of these capital expenditures is on investing in advanced value-added processing equipment, upgrading facilities, and expanding into new markets to enhance capabilities and foster organic growth.

Better Bets vs. Reliance (RS)

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11ARTICLES 
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Peer Comparisons

Peers to compare with:

Financials

RSNUESTLDCMCMedian
NameReliance Nucor Steel Dy.Commerci. 
Mkt Price413.43266.35282.7677.76274.56
Mkt Cap21.361.040.98.631.1
Rev LTM14,83634,16019,0128,38716,924
Op Inc LTM1,0973,4581,8817041,489
FCF LTM612532665394572
FCF 3Y Avg8371,689614493725
CFO LTM9183,7561,4458401,182
CFO 3Y Avg1,2334,6682,0769231,655

Growth & Margins

RSNUESTLDCMCMedian
NameReliance Nucor Steel Dy.Commerci. 
Rev Chg LTM8.5%12.3%10.4%8.4%9.5%
Rev Chg 3Y Avg-3.1%-4.2%-3.6%-2.6%-3.4%
Rev Chg Q15.5%21.3%19.1%21.5%20.2%
QoQ Delta Rev Chg LTM3.8%5.1%4.6%4.7%4.7%
Op Inc Chg LTM6.0%62.7%18.2%38.9%28.5%
Op Inc Chg 3Y Avg-19.8%-12.5%-21.7%-12.9%-16.3%
Op Mgn LTM7.4%10.1%9.9%8.4%9.1%
Op Mgn 3Y Avg8.7%11.4%12.4%8.7%10.0%
QoQ Delta Op Mgn LTM0.4%1.9%1.1%0.9%1.0%
CFO/Rev LTM6.2%11.0%7.6%10.0%8.8%
CFO/Rev 3Y Avg8.6%14.1%11.3%11.3%11.3%
FCF/Rev LTM4.1%1.6%3.5%4.7%3.8%
FCF/Rev 3Y Avg5.9%5.0%3.3%6.0%5.4%

Valuation

RSNUESTLDCMCMedian
NameReliance Nucor Steel Dy.Commerci. 
Mkt Cap21.361.040.98.631.1
P/S1.41.82.21.01.6
P/Op Inc19.517.621.812.318.5
P/EBIT17.417.222.512.617.3
P/E26.526.229.817.126.3
P/CFO23.216.228.310.319.7
Total Yield4.7%4.7%4.1%6.8%4.7%
Dividend Yield0.9%0.8%0.7%0.9%0.9%
FCF Yield 3Y Avg5.0%3.9%2.5%7.9%4.4%
D/E0.10.10.10.40.1
Net D/E0.10.10.10.30.1

Returns

RSNUESTLDCMCMedian
NameReliance Nucor Steel Dy.Commerci. 
1M Rtn14.7%17.3%23.3%9.1%16.0%
3M Rtn39.5%63.5%66.3%27.8%51.5%
6M Rtn42.9%62.4%65.4%10.8%52.6%
12M Rtn35.5%121.8%114.7%62.7%88.7%
3Y Rtn69.2%84.1%178.7%67.6%76.6%
1M Excs Rtn12.6%14.8%19.4%10.7%13.7%
3M Excs Rtn27.4%51.4%54.2%15.7%39.4%
6M Excs Rtn36.3%55.3%58.2%4.5%45.8%
12M Excs Rtn13.2%107.4%97.0%38.7%67.8%
3Y Excs Rtn-0.4%14.0%117.2%-2.2%6.8%

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Carbon steel7,9037,5768,0729,4888,532
Aluminum2,4722,2942,4562,6592,051
Stainless steel1,9492,0692,3372,8772,267
Toll processing and logistics647624611554471
Alloy641638705741548
Copper and brass377311305337112
Miscellaneous and eliminations306324321369113
Total14,29413,83514,80617,02514,093


Price Behavior

Price Behavior
Market Price$413.43 
Market Cap ($ Bil)21.3 
First Trading Date09/16/1994 
Distance from 52W High0.0% 
   50 Days200 Days
DMA Price$359.20$310.96
DMA Trendupup
Distance from DMA15.1%33.0%
 3M1YR
Volatility23.6%25.5%
Downside Capture37.0952.92
Upside Capture138.1674.43
Correlation (SPY)52.8%36.4%
RS Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta1.541.360.920.700.760.82
Up Beta0.641.310.690.951.080.90
Down Beta0.800.930.930.790.710.75
Up Capture163%156%124%87%64%55%
Bmk +ve Days13283667141432
Stock +ve Days11263569131389
Down Capture257%138%79%23%65%92%
Bmk -ve Days7132757109318
Stock -ve Days9152855119361

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with RS
RS36.7%25.4%1.19-
Sector ETF (XLB)21.0%17.5%0.9357.5%
Equity (SPY)24.9%12.3%1.5236.3%
Gold (GLD)25.5%27.4%0.8117.3%
Commodities (DBC)30.1%19.0%1.25-8.3%
Real Estate (VNQ)13.5%13.5%0.6930.2%
Bitcoin (BTCUSD)-41.7%42.2%-1.1611.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with RS
RS21.8%28.0%0.72-
Sector ETF (XLB)5.8%19.0%0.2063.8%
Equity (SPY)13.5%17.1%0.6151.0%
Gold (GLD)16.8%18.2%0.7510.8%
Commodities (DBC)8.4%19.4%0.3315.2%
Real Estate (VNQ)2.8%18.8%0.0540.2%
Bitcoin (BTCUSD)13.6%54.4%0.4419.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with RS
RS20.9%29.6%0.69-
Sector ETF (XLB)10.4%20.7%0.4569.7%
Equity (SPY)15.3%17.9%0.7359.9%
Gold (GLD)12.5%16.1%0.647.7%
Commodities (DBC)6.7%18.0%0.2924.7%
Real Estate (VNQ)5.7%20.7%0.2446.6%
Bitcoin (BTCUSD)60.3%66.8%1.0016.9%

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Short Interest

Short Interest: As Of Date5292026
Short Interest: Shares Quantity0.8 Mil
Short Interest: % Change Since 5152026-0.9%
Average Daily Volume0.4 Mil
Days-to-Cover Short Interest2.2 days
Basic Shares Quantity51.6 Mil
Short % of Basic Shares1.6%

Returns Analyses

Earnings Returns History

Updated 6/2/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
4/22/2026-1.8%2.4%3.9%
2/18/2026-2.7%-5.9%-12.0%
10/22/2025-0.2%2.9%-2.7%
7/23/2025-12.3%-14.1%-16.5%
4/23/20250.7%1.8%4.5%
2/19/20253.1%0.2%-3.7%
10/24/20244.0%2.5%12.0%
7/25/20244.9%3.7%-4.6%
...
SUMMARY STATS   
# Positive151815
# Negative969
Median Positive3.3%3.3%8.8%
Median Negative-1.8%-5.5%-3.7%
Max Positive12.8%11.7%19.6%
Max Negative-12.3%-14.1%-16.5%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202604/29/202610-Q
12/31/202502/26/202610-K
09/30/202510/28/202510-Q
06/30/202507/30/202510-Q
03/31/202505/01/202510-Q
12/31/202402/27/202510-K
09/30/202410/31/202410-Q
06/30/202408/01/202410-Q
03/31/202405/02/202410-Q
12/31/202302/29/202410-K
09/30/202311/02/202310-Q
06/30/202308/03/202310-Q
03/31/202305/04/202310-Q
12/31/202202/28/202310-K
09/30/202211/03/202210-Q
06/30/202208/04/202210-Q

Recent Forward Guidance

Updated 6/1/2026

Latest: Q1 2026 Earnings Reported 4/22/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q2 2026 Tons Sold Growth1.0%2.0%3.0%-66.7%-4.0%LoweredGuidance: 6.0% for Q1 2026
Q2 2026 Average Selling Price Growth1.5%2.5%3.5%-37.5%-1.5%LoweredGuidance: 4.0% for Q1 2026
Q2 2026 EPS5.155.255.3514.1% Higher NewGuidance: 4.6 for Q1 2026
Q2 2026 Border Wall EPS Contribution0.150.170.2  Higher New

Prior: Q4 2025 Earnings Reported 2/18/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q1 2026 Tons Sold Growth5.0%6.0%7.0%  Higher New
Q1 2026 Average Selling Price per Ton Sold Growth3.0%4.0%5.0%  Higher New
Q1 2026 EPS4.54.64.767.3% Higher NewGuidance: 2.75 for Q4 2025
Q1 2026 EPS Growth19.0%22.0%25.0%  Higher New

Insider Activity

Updated 4/28/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value		Value of
Held Shares		Form
1Ajemyan, ArthurSVP, CFODirectSell4282026358.123,5001,253,4036,030,660Form
2Smith, William A IISVP, General Counsel, Corp SecDirectSell3102026298.616,6151,975,3266,493,940Form
3Koch, Stephen PaulExec. VP, COODirectSell2252026321.6224,0607,738,2724,509,489Form
4Lewis, Karla RPresident, CEODirectSell12022025283.505,8091,646,83223,933,065Form
5Koch, Stephen PaulExec. VP, COODirectSell12022025283.563,066869,3893,975,766Form

Industry Resources

External Quote Links


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Core Cache Last Updated: 6/14/2026