Reliance Steel & Aluminum Co (RS)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,335,900 | 1,840,100 | 1,413,000 | 369,100 | 701,500 |
| Revenue | US$ in thousands | 14,805,900 | 17,025,000 | 14,093,300 | 8,811,900 | 10,973,800 |
| Net profit margin | 9.02% | 10.81% | 10.03% | 4.19% | 6.39% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $1,335,900K ÷ $14,805,900K
= 9.02%
The net profit margin of Reliance Steel & Aluminum Co. has varied over the last five years. In 2023, the net profit margin was 9.02%, a decrease from 10.81% in 2022, but still remains at a relatively healthy level. Comparing to 2021 and 2020, the company's net profit margin has shown improvement, indicating a more efficient management of expenses and better profitability. However, it is important to note that the net profit margin in 2019 was higher at 6.39% compared to the recent years, suggesting potential fluctuations in the company's profitability over time. Further analysis and examination of the company's financial performance and operational efficiency may be required to understand the factors driving these fluctuations in net profit margin.
Peer comparison
Dec 31, 2023