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Side-by-side financial comparison of Agilent Technologies (A) and RELIANCE, INC. (RS). Click either name above to swap in a different company.

RELIANCE, INC. is the larger business by last-quarter revenue ($4.0B vs $1.8B, roughly 2.2× Agilent Technologies). Agilent Technologies runs the higher net margin — 17.0% vs 6.6%, a 10.4% gap on every dollar of revenue. On growth, RELIANCE, INC. posted the faster year-over-year revenue change (15.1% vs 7.0%). Agilent Technologies produced more free cash flow last quarter ($175.0M vs $87.2M). Over the past eight quarters, Agilent Technologies's revenue compounded faster (6.9% CAGR vs 5.1%).

Agilent Technologies, Inc. provides application focused solutions to the life sciences, diagnostics, and applied chemical markets worldwide. The Life Sciences and Applied Markets segment offers liquid chromatography systems and components; liquid chromatography mass spectrometry systems; gas chromatography systems and components; gas chromatography mass spectrometry systems; inductively coupled plasma mass spectrometry instruments; atomic absorption instruments; microwave plasma-atomic emissi...

Reliance, Inc. (Reliance), headquartered in Scottsdale, Arizona, is the largest metals service center operator in North America. The company provides metals processing services and distributes a line of approximately 100,000 metal products, including aluminum, brass, alloy, copper, carbon steel, stainless steel, titanium, and specialty metal products to 125,000 customers such as fabricators and manufacturers.

A vs RS — Head-to-Head

Bigger by revenue
RS
RS
2.2× larger
RS
$4.0B
$1.8B
A
Growing faster (revenue YoY)
RS
RS
+8.1% gap
RS
15.1%
7.0%
A
Higher net margin
A
A
10.4% more per $
A
17.0%
6.6%
RS
More free cash flow
A
A
$87.8M more FCF
A
$175.0M
$87.2M
RS
Faster 2-yr revenue CAGR
A
A
Annualised
A
6.9%
5.1%
RS

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
A
A
RS
RS
Revenue
$1.8B
$4.0B
Net Profit
$305.0M
$265.6M
Gross Margin
52.6%
Operating Margin
19.6%
9.1%
Net Margin
17.0%
6.6%
Revenue YoY
7.0%
15.1%
Net Profit YoY
-4.1%
32.5%
EPS (diluted)
$1.07
$5.10

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
A
A
RS
RS
Q1 26
$1.8B
$4.0B
Q4 25
$1.9B
$3.5B
Q3 25
$1.7B
$3.7B
Q2 25
$1.7B
$3.7B
Q1 25
$1.7B
$3.5B
Q4 24
$1.7B
$3.1B
Q3 24
$1.6B
$3.4B
Q2 24
$1.6B
$3.6B
Net Profit
A
A
RS
RS
Q1 26
$305.0M
$265.6M
Q4 25
$434.0M
$116.9M
Q3 25
$336.0M
$189.5M
Q2 25
$215.0M
$234.2M
Q1 25
$318.0M
$200.5M
Q4 24
$351.0M
$106.0M
Q3 24
$282.0M
$199.2M
Q2 24
$308.0M
$268.3M
Gross Margin
A
A
RS
RS
Q1 26
52.6%
Q4 25
53.2%
Q3 25
51.1%
Q2 25
51.9%
Q1 25
53.5%
Q4 24
53.9%
Q3 24
54.2%
Q2 24
54.4%
Operating Margin
A
A
RS
RS
Q1 26
19.6%
9.1%
Q4 25
23.8%
4.8%
Q3 25
20.7%
7.1%
Q2 25
18.0%
8.5%
Q1 25
22.4%
7.9%
Q4 24
24.0%
4.5%
Q3 24
21.1%
8.0%
Q2 24
23.1%
9.7%
Net Margin
A
A
RS
RS
Q1 26
17.0%
6.6%
Q4 25
23.3%
3.3%
Q3 25
19.3%
5.2%
Q2 25
12.9%
6.4%
Q1 25
18.9%
5.8%
Q4 24
20.6%
3.4%
Q3 24
17.9%
5.8%
Q2 24
19.6%
7.4%
EPS (diluted)
A
A
RS
RS
Q1 26
$1.07
$5.10
Q4 25
$1.53
$2.23
Q3 25
$1.18
$3.59
Q2 25
$0.75
$4.42
Q1 25
$1.11
$3.74
Q4 24
$1.23
$2.05
Q3 24
$0.97
$3.61
Q2 24
$1.05
$4.67

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
A
A
RS
RS
Cash + ST InvestmentsLiquidity on hand
$1.8B
$249.7M
Total DebtLower is stronger
$3.0B
$1.7B
Stockholders' EquityBook value
$6.9B
$7.1B
Total Assets
$12.8B
$10.8B
Debt / EquityLower = less leverage
0.44×
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
A
A
RS
RS
Q1 26
$1.8B
$249.7M
Q4 25
$1.8B
$216.6M
Q3 25
$1.5B
$261.2M
Q2 25
$1.5B
$239.5M
Q1 25
$1.5B
$277.8M
Q4 24
$1.3B
$318.1M
Q3 24
$1.8B
$314.6M
Q2 24
$1.7B
$350.8M
Total Debt
A
A
RS
RS
Q1 26
$3.0B
$1.7B
Q4 25
$3.0B
Q3 25
$3.4B
Q2 25
$3.3B
Q1 25
$3.3B
Q4 24
$3.3B
Q3 24
$2.1B
Q2 24
$2.1B
Stockholders' Equity
A
A
RS
RS
Q1 26
$6.9B
$7.1B
Q4 25
$6.7B
$7.2B
Q3 25
$6.4B
$7.3B
Q2 25
$6.1B
$7.2B
Q1 25
$6.0B
$7.1B
Q4 24
$5.9B
$7.2B
Q3 24
$5.9B
$7.4B
Q2 24
$6.2B
$7.6B
Total Assets
A
A
RS
RS
Q1 26
$12.8B
$10.8B
Q4 25
$12.7B
$10.4B
Q3 25
$12.2B
$10.5B
Q2 25
$12.2B
$10.5B
Q1 25
$11.9B
$10.4B
Q4 24
$11.8B
$10.0B
Q3 24
$11.0B
$10.3B
Q2 24
$10.9B
$10.4B
Debt / Equity
A
A
RS
RS
Q1 26
0.44×
0.24×
Q4 25
0.45×
Q3 25
0.53×
Q2 25
0.55×
Q1 25
0.56×
Q4 24
0.57×
Q3 24
0.36×
Q2 24
0.34×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
A
A
RS
RS
Operating Cash FlowLast quarter
$268.0M
$151.4M
Free Cash FlowOCF − Capex
$175.0M
$87.2M
FCF MarginFCF / Revenue
9.7%
2.2%
Capex IntensityCapex / Revenue
5.2%
1.6%
Cash ConversionOCF / Net Profit
0.88×
0.57×
TTM Free Cash FlowTrailing 4 quarters
$993.0M
$612.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
A
A
RS
RS
Q1 26
$268.0M
$151.4M
Q4 25
$545.0M
$276.1M
Q3 25
$362.0M
$261.8M
Q2 25
$221.0M
$229.0M
Q1 25
$431.0M
$64.5M
Q4 24
$481.0M
$473.3M
Q3 24
$452.0M
$463.9M
Q2 24
$333.0M
$366.3M
Free Cash Flow
A
A
RS
RS
Q1 26
$175.0M
$87.2M
Q4 25
$452.0M
$202.9M
Q3 25
$259.0M
$180.6M
Q2 25
$107.0M
$141.4M
Q1 25
$334.0M
$-22.4M
Q4 24
$388.0M
$362.4M
Q3 24
$360.0M
$351.1M
Q2 24
$230.0M
$268.1M
FCF Margin
A
A
RS
RS
Q1 26
9.7%
2.2%
Q4 25
24.3%
5.8%
Q3 25
14.9%
4.9%
Q2 25
6.4%
3.9%
Q1 25
19.9%
-0.6%
Q4 24
22.8%
11.6%
Q3 24
22.8%
10.3%
Q2 24
14.6%
7.4%
Capex Intensity
A
A
RS
RS
Q1 26
5.2%
1.6%
Q4 25
5.0%
2.1%
Q3 25
5.9%
2.2%
Q2 25
6.8%
2.4%
Q1 25
5.8%
2.5%
Q4 24
5.5%
3.5%
Q3 24
5.8%
3.3%
Q2 24
6.5%
2.7%
Cash Conversion
A
A
RS
RS
Q1 26
0.88×
0.57×
Q4 25
1.26×
2.36×
Q3 25
1.08×
1.38×
Q2 25
1.03×
0.98×
Q1 25
1.36×
0.32×
Q4 24
1.37×
4.47×
Q3 24
1.60×
2.33×
Q2 24
1.08×
1.37×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

A
A

Service Other$525.0M29%
Chemicaland Energy Market$422.0M23%
Agilent Cross Lab$273.0M15%
Environmentaland Forensics Market$177.0M10%
Food Market$166.0M9%
Academiaand Government Market$130.0M7%
Applied Markets$98.0M5%

RS
RS

Segment breakdown not available.

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