Reliance Steel & Aluminum Co (RS)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 1,122,200 | 824,100 | 575,200 | 370,000 | 405,800 | 470,900 | 573,800 | 702,200 | 623,200 | 608,800 | 656,500 |
| 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 |
| Net profit margin | 9.02% | 9.36% | 9.62% | 10.30% | 10.81% | 10.98% | 11.25% | 10.61% | 10.03% | 9.17% | 7.87% | 6.34% | 4.20% | 4.44% | 4.83% | 5.41% | 6.40% | 5.53% | 5.26% | 5.61% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,335,900K ÷ $14,805,900K
= 9.02%
The net profit margin of Reliance Steel & Aluminum Co. has shown a gradual decline over the past eight quarters, from 11.25% in Q2 2022 to 9.02% in Q4 2023. This downward trend indicates a decreasing percentage of each dollar of revenue that translates into net income for the company. Despite fluctuations, the net profit margin has generally remained above 9% during this period, reflecting a consistent ability to generate profits relative to its total revenue. It is recommended to further investigate the reasons behind this decreasing trend to assess the company's profitability and financial health.
Peer comparison
Dec 31, 2023