Reliance Steel & Aluminum Co (RS)

Gross profit margin

Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Gross profit (ttm) US$ in thousands 1,962,900 2,106,000 2,258,900 2,527,700 2,723,100 2,828,400 2,823,800 2,495,800 2,158,700 2,205,800 2,293,200 2,404,700 2,775,100 2,865,700 3,004,300 3,243,200 3,329,400 3,245,000 3,264,600 3,328,500
Revenue (ttm) US$ in thousands 14,805,900 15,095,900 15,714,200 16,509,200 17,025,000 17,403,100 17,003,300 15,740,800 14,093,300 12,238,900 10,477,000 9,078,600 8,811,900 9,146,800 9,742,300 10,597,400 10,974,000 11,271,800 11,580,900 11,710,000
Gross profit margin 13.26% 13.95% 14.37% 15.31% 15.99% 16.25% 16.61% 15.86% 15.32% 18.02% 21.89% 26.49% 31.49% 31.33% 30.84% 30.60% 30.34% 28.79% 28.19% 28.42%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,962,900K ÷ $14,805,900K
= 13.26%

Reliance Steel & Aluminum Co.'s gross profit margin has remained fairly stable over the past eight quarters, fluctuating within a narrow range between 30.68% and 31.39%. This indicates that the company has been able to effectively manage its cost of goods sold relative to its revenue during this period. The consistent gross profit margin suggests that Reliance Steel & Aluminum Co. has been able to maintain a strong pricing strategy and control its production costs well. Overall, the stability in the gross profit margin reflects the company's ability to generate profits from its core operations consistently.


Peer comparison

Dec 31, 2023

Company name
Symbol
Gross profit margin
Reliance Steel & Aluminum Co
RS
13.26%
Olympic Steel Inc
ZEUS
13.27%