Reliance Steel & Aluminum Co (RS)
Net profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 875,200 | 1,042,600 | 1,138,400 | 1,255,700 | 1,335,900 | 1,413,700 | 1,512,200 | 1,699,900 | 1,840,100 | 1,910,900 | 1,913,100 | 1,669,400 | 1,413,000 | 1,121,300 | 823,200 | 574,300 | 369,100 | 405,100 | 470,200 | 573,100 |
| Revenue (ttm) | US$ in thousands | 13,835,000 | 14,045,700 | 14,248,400 | 14,485,400 | 14,805,900 | 15,079,400 | 15,703,600 | 16,504,500 | 17,025,000 | 17,402,900 | 17,003,100 | 15,740,700 | 14,093,300 | 12,238,700 | 10,476,900 | 9,077,400 | 8,811,900 | 9,125,600 | 9,725,900 | 10,590,100 |
| Net profit margin | 6.33% | 7.42% | 7.99% | 8.67% | 9.02% | 9.38% | 9.63% | 10.30% | 10.81% | 10.98% | 11.25% | 10.61% | 10.03% | 9.16% | 7.86% | 6.33% | 4.19% | 4.44% | 4.83% | 5.41% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $875,200K ÷ $13,835,000K
= 6.33%
The net profit margin of Reliance Steel & Aluminum Co has shown fluctuations over the quarters from March 31, 2020, to December 31, 2024. The net profit margin is calculated as the percentage of net income to total revenue generated by the company.
The trend in the net profit margin shows a gradual increase from 5.41% in March 2020 to a peak of 11.25% in June 30, 2022. This indicates that the company was able to effectively control its costs and expenses relative to its revenue during this period, resulting in higher profitability.
However, from September 30, 2022, to December 31, 2024, the net profit margin started to decline gradually to 6.33%. This decline could be attributed to various factors such as an increase in operating costs, economic factors impacting the industry, or changes in the competitive landscape.
Overall, the net profit margin trend of Reliance Steel & Aluminum Co demonstrates the company's ability to generate profits relative to its revenue, but investors and stakeholders should keep an eye on the downward trend in more recent quarters to assess the company's future profitability and operational efficiency.