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

TELUS CORP is the larger business by last-quarter revenue ($3.7B vs $3.5B, roughly 1.1× RELIANCE, INC.). RELIANCE, INC. runs the higher net margin — 3.3% vs -4.8%, a 8.2% gap on every dollar of revenue. On growth, RELIANCE, INC. posted the faster year-over-year revenue change (11.9% vs 2.2%).

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.

Telus Corporation is a Canadian publicly traded holding company and conglomerate, headquartered in Vancouver, British Columbia, which is the parent company of several subsidiaries: Telus Communications offers telephony, television, data and Internet services; Telus Mobility offers wireless services; Telus Health operates companies that provide health products and services; and Telus Digital operates worldwide, providing multilingual customer service outsourcing and digital IT services. Telus ...

RS vs TU — Head-to-Head

Bigger by revenue
TU
TU
1.1× larger
TU
$3.7B
$3.5B
RS
Growing faster (revenue YoY)
RS
RS
+9.7% gap
RS
11.9%
2.2%
TU
Higher net margin
RS
RS
8.2% more per $
RS
3.3%
-4.8%
TU

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
RS
RS
TU
TU
Revenue
$3.5B
$3.7B
Net Profit
$116.9M
$-178.8M
Gross Margin
90.2%
Operating Margin
4.8%
3.4%
Net Margin
3.3%
-4.8%
Revenue YoY
11.9%
2.2%
Net Profit YoY
10.3%
-210.9%
EPS (diluted)
$2.23

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
RS
RS
TU
TU
Q4 25
$3.5B
Q3 25
$3.7B
Q2 25
$3.7B
$3.7B
Q1 25
$3.5B
Q4 24
$3.1B
Q3 24
$3.4B
Q2 24
$3.6B
$3.6B
Q1 24
$3.6B
Net Profit
RS
RS
TU
TU
Q4 25
$116.9M
Q3 25
$189.5M
Q2 25
$234.2M
$-178.8M
Q1 25
$200.5M
Q4 24
$106.0M
Q3 24
$199.2M
Q2 24
$268.3M
$161.3M
Q1 24
$303.8M
Gross Margin
RS
RS
TU
TU
Q4 25
Q3 25
Q2 25
90.2%
Q1 25
Q4 24
Q3 24
Q2 24
87.9%
Q1 24
Operating Margin
RS
RS
TU
TU
Q4 25
4.8%
Q3 25
7.1%
Q2 25
8.5%
3.4%
Q1 25
7.9%
Q4 24
4.5%
Q3 24
8.0%
Q2 24
9.7%
13.7%
Q1 24
10.8%
Net Margin
RS
RS
TU
TU
Q4 25
3.3%
Q3 25
5.2%
Q2 25
6.4%
-4.8%
Q1 25
5.8%
Q4 24
3.4%
Q3 24
5.8%
Q2 24
7.4%
4.4%
Q1 24
8.3%
EPS (diluted)
RS
RS
TU
TU
Q4 25
$2.23
Q3 25
$3.59
Q2 25
$4.42
Q1 25
$3.74
Q4 24
$2.05
Q3 24
$3.61
Q2 24
$4.67
Q1 24
$5.23

Balance Sheet & Financial Strength

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

Metric
RS
RS
TU
TU
Cash + ST InvestmentsLiquidity on hand
$216.6M
$2.7B
Total DebtLower is stronger
Stockholders' EquityBook value
$7.2B
$11.8B
Total Assets
$10.4B
$44.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RS
RS
TU
TU
Q4 25
$216.6M
Q3 25
$261.2M
Q2 25
$239.5M
$2.7B
Q1 25
$277.8M
Q4 24
$318.1M
Q3 24
$314.6M
Q2 24
$350.8M
$676.7M
Q1 24
$934.9M
Stockholders' Equity
RS
RS
TU
TU
Q4 25
$7.2B
Q3 25
$7.3B
Q2 25
$7.2B
$11.8B
Q1 25
$7.1B
Q4 24
$7.2B
Q3 24
$7.4B
Q2 24
$7.6B
$12.4B
Q1 24
$7.9B
Total Assets
RS
RS
TU
TU
Q4 25
$10.4B
Q3 25
$10.5B
Q2 25
$10.5B
$44.3B
Q1 25
$10.4B
Q4 24
$10.0B
Q3 24
$10.3B
Q2 24
$10.4B
$41.8B
Q1 24
$10.7B

Cash Flow & Capital Efficiency

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

Metric
RS
RS
TU
TU
Operating Cash FlowLast quarter
$276.1M
$851.2M
Free Cash FlowOCF − Capex
$202.9M
FCF MarginFCF / Revenue
5.8%
Capex IntensityCapex / Revenue
2.1%
Cash ConversionOCF / Net Profit
2.36×
TTM Free Cash FlowTrailing 4 quarters
$502.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RS
RS
TU
TU
Q4 25
$276.1M
Q3 25
$261.8M
Q2 25
$229.0M
$851.2M
Q1 25
$64.5M
Q4 24
$473.3M
Q3 24
$463.9M
Q2 24
$366.3M
$1.0B
Q1 24
$126.3M
Free Cash Flow
RS
RS
TU
TU
Q4 25
$202.9M
Q3 25
$180.6M
Q2 25
$141.4M
Q1 25
$-22.4M
Q4 24
$362.4M
Q3 24
$351.1M
Q2 24
$268.1M
Q1 24
$17.6M
FCF Margin
RS
RS
TU
TU
Q4 25
5.8%
Q3 25
4.9%
Q2 25
3.9%
Q1 25
-0.6%
Q4 24
11.6%
Q3 24
10.3%
Q2 24
7.4%
Q1 24
0.5%
Capex Intensity
RS
RS
TU
TU
Q4 25
2.1%
Q3 25
2.2%
Q2 25
2.4%
Q1 25
2.5%
Q4 24
3.5%
Q3 24
3.3%
Q2 24
2.7%
Q1 24
3.0%
Cash Conversion
RS
RS
TU
TU
Q4 25
2.36×
Q3 25
1.38×
Q2 25
0.98×
Q1 25
0.32×
Q4 24
4.47×
Q3 24
2.33×
Q2 24
1.37×
6.28×
Q1 24
0.42×

Financial Flow Comparison

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

Revenue Breakdown by Segment

RS
RS

Carbon Steel$1.9B55%
Aluminum$624.5M18%
Stainless Steel$467.1M13%
Alloy Steel$155.5M4%
Toll Processing$155.3M4%
Copper And Brass$93.5M3%
Other Products Or Services$80.4M2%

TU
TU

Segment breakdown not available.

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