Reliance Steel & Aluminum Co (RS)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 875,200 | 1,335,900 | 1,840,100 | 1,413,000 | 369,100 |
| Revenue | US$ in thousands | 13,835,000 | 14,805,900 | 17,025,000 | 14,093,300 | 8,811,900 |
| Net profit margin | 6.33% | 9.02% | 10.81% | 10.03% | 4.19% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $875,200K ÷ $13,835,000K
= 6.33%
The net profit margin of Reliance Steel & Aluminum Co has displayed variability over the five-year period from December 31, 2020, to December 31, 2024. The margin rose from 4.19% in 2020 to 10.03% in 2021, indicating a significant improvement in profitability. This upward trend continued, reaching a peak of 10.81% in 2022. However, in 2023 and 2024, the net profit margin declined to 9.02% and 6.33%, respectively. Despite the fluctuations, Reliance Steel & Aluminum Co has generally maintained a positive net profit margin, reflecting its ability to generate profit relative to its revenue. The company's management may seek to address the decreasing trend in recent years to sustain profitability and investor confidence.