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RELIANCE, INC.（RS）与United Rentals（URI）财务数据对比。点击上方公司名可切换其他公司
United Rentals的季度营收约是RELIANCE, INC.的1.1倍（$4.0B vs $3.5B），United Rentals净利率更高（13.3% vs 3.3%，领先10.0%），RELIANCE, INC.同比增速更快（11.9% vs 7.2%），United Rentals自由现金流更多（$1.1B vs $202.9M），过去两年United Rentals的营收复合增速更高（114.0% vs -2.0%）
Reliance, Inc.总部位于美国亚利桑那州斯科茨代尔，是北美规模最大的金属服务中心运营商。公司为12.5万家制造商、加工厂等客户提供金属加工服务，经销铝、黄铜、合金、铜、碳钢、不锈钢、钛等约10万种金属及特种金属产品。
United Rentals是美国设备租赁企业，2022年占据北美市场约16%的份额。截至2025年，该公司拥有全球规模最大的租赁车队，覆盖约4800类设备，原始设备成本总计约205.9亿美元，在全球共设1625个营业网点，业务覆盖北美、欧洲、澳大利亚及新西兰。
RS vs URI — 直观对比
营收规模更大
URI
是对方的1.1倍
$3.5B
营收增速更快
RS
高出4.7%
7.2%
净利率更高
URI
高出10.0%
3.3%
自由现金流更多
URI
多$851.1M
$202.9M
两年增速更快
URI
近两年复合增速
-2.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.5B | $4.0B |
| 净利润 | $116.9M | $531.0M |
| 毛利率 | — | 36.9% |
| 营业利润率 | 4.8% | 21.8% |
| 净利率 | 3.3% | 13.3% |
| 营收同比 | 11.9% | 7.2% |
| 净利润同比 | 10.3% | 2.5% |
| 每股收益（稀释后） | $2.23 | $8.43 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收RSURI
| Q1 26 | — | $4.0B | ||
| Q4 25 | $3.5B | $992.0M | ||
| Q3 25 | $3.7B | $938.0M | ||
| Q2 25 | $3.7B | $872.0M | ||
| Q1 25 | $3.5B | $893.0M | ||
| Q4 24 | $3.1B | $1.0B | ||
| Q3 24 | $3.4B | $874.0M | ||
| Q2 24 | $3.6B | $870.0M |
净利润RSURI
| Q1 26 | — | $531.0M | ||
| Q4 25 | $116.9M | $653.0M | ||
| Q3 25 | $189.5M | $701.0M | ||
| Q2 25 | $234.2M | $622.0M | ||
| Q1 25 | $200.5M | $518.0M | ||
| Q4 24 | $106.0M | $689.0M | ||
| Q3 24 | $199.2M | $708.0M | ||
| Q2 24 | $268.3M | $636.0M |
毛利率RSURI
| Q1 26 | — | 36.9% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率RSURI
| Q1 26 | — | 21.8% | ||
| Q4 25 | 4.8% | — | ||
| Q3 25 | 7.1% | — | ||
| Q2 25 | 8.5% | — | ||
| Q1 25 | 7.9% | 90.0% | ||
| Q4 24 | 4.5% | — | ||
| Q3 24 | 8.0% | — | ||
| Q2 24 | 9.7% | — |
净利率RSURI
| Q1 26 | — | 13.3% | ||
| Q4 25 | 3.3% | 65.8% | ||
| Q3 25 | 5.2% | 74.7% | ||
| Q2 25 | 6.4% | 71.3% | ||
| Q1 25 | 5.8% | 58.0% | ||
| Q4 24 | 3.4% | 67.6% | ||
| Q3 24 | 5.8% | 81.0% | ||
| Q2 24 | 7.4% | 73.1% |
每股收益（稀释后）RSURI
| Q1 26 | — | $8.43 | ||
| Q4 25 | $2.23 | $10.20 | ||
| Q3 25 | $3.59 | $10.91 | ||
| Q2 25 | $4.42 | $9.59 | ||
| Q1 25 | $3.74 | $7.91 | ||
| Q4 24 | $2.05 | $10.41 | ||
| Q3 24 | $3.61 | $10.70 | ||
| Q2 24 | $4.67 | $9.54 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $216.6M | $156.0M |
| 总债务越低越好 | — | $13.9B |
| 股东权益账面价值 | $7.2B | $9.0B |
| 总资产 | $10.4B | $29.9B |
| 负债/权益比越低杠杆越低 | — | 1.55× |
8季度趋势，按日历期对齐
现金及短期投资RSURI
| Q1 26 | — | $156.0M | ||
| Q4 25 | $216.6M | $459.0M | ||
| Q3 25 | $261.2M | $512.0M | ||
| Q2 25 | $239.5M | $548.0M | ||
| Q1 25 | $277.8M | $542.0M | ||
| Q4 24 | $318.1M | $457.0M | ||
| Q3 24 | $314.6M | $479.0M | ||
| Q2 24 | $350.8M | $467.0M |
总债务RSURI
| Q1 26 | — | $13.9B | ||
| Q4 25 | — | $12.7B | ||
| Q3 25 | — | $12.6B | ||
| Q2 25 | — | $12.1B | ||
| Q1 25 | — | $11.5B | ||
| Q4 24 | — | $12.2B | ||
| Q3 24 | — | $11.9B | ||
| Q2 24 | — | $11.5B |
股东权益RSURI
| Q1 26 | — | $9.0B | ||
| Q4 25 | $7.2B | $9.0B | ||
| Q3 25 | $7.3B | $9.0B | ||
| Q2 25 | $7.2B | $9.0B | ||
| Q1 25 | $7.1B | $8.8B | ||
| Q4 24 | $7.2B | $8.6B | ||
| Q3 24 | $7.4B | $8.6B | ||
| Q2 24 | $7.6B | $8.3B |
总资产RSURI
| Q1 26 | — | $29.9B | ||
| Q4 25 | $10.4B | $29.9B | ||
| Q3 25 | $10.5B | $30.1B | ||
| Q2 25 | $10.5B | $29.2B | ||
| Q1 25 | $10.4B | $28.1B | ||
| Q4 24 | $10.0B | $28.2B | ||
| Q3 24 | $10.3B | $28.4B | ||
| Q2 24 | $10.4B | $27.6B |
负债/权益比RSURI
| Q1 26 | — | 1.55× | ||
| Q4 25 | — | 1.41× | ||
| Q3 25 | — | 1.40× | ||
| Q2 25 | — | 1.34× | ||
| Q1 25 | — | 1.31× | ||
| Q4 24 | — | 1.42× | ||
| Q3 24 | — | 1.38× | ||
| Q2 24 | — | 1.39× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $276.1M | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $202.9M | $1.1B |
| 自由现金流率自由现金流/营收 | 5.8% | 26.4% |
| 资本支出强度资本支出/营收 | 2.1% | — |
| 现金转化率经营现金流/净利润 | 2.36× | 2.85× |
| 过去12个月自由现金流最近4个季度 | $502.5M | — |
8季度趋势，按日历期对齐
经营现金流RSURI
| Q1 26 | — | $1.5B | ||
| Q4 25 | $276.1M | $1.3B | ||
| Q3 25 | $261.8M | $1.2B | ||
| Q2 25 | $229.0M | $1.3B | ||
| Q1 25 | $64.5M | $1.4B | ||
| Q4 24 | $473.3M | $1.0B | ||
| Q3 24 | $463.9M | $1.2B | ||
| Q2 24 | $366.3M | $1.3B |
自由现金流RSURI
| Q1 26 | — | $1.1B | ||
| Q4 25 | $202.9M | — | ||
| Q3 25 | $180.6M | — | ||
| Q2 25 | $141.4M | — | ||
| Q1 25 | $-22.4M | — | ||
| Q4 24 | $362.4M | $471.0M | ||
| Q3 24 | $351.1M | $-168.0M | ||
| Q2 24 | $268.1M | $-263.0M |
自由现金流率RSURI
| Q1 26 | — | 26.4% | ||
| Q4 25 | 5.8% | — | ||
| Q3 25 | 4.9% | — | ||
| Q2 25 | 3.9% | — | ||
| Q1 25 | -0.6% | — | ||
| Q4 24 | 11.6% | 46.2% | ||
| Q3 24 | 10.3% | -19.2% | ||
| Q2 24 | 7.4% | -30.2% |
资本支出强度RSURI
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | — | ||
| Q3 25 | 2.2% | — | ||
| Q2 25 | 2.4% | — | ||
| Q1 25 | 2.5% | — | ||
| Q4 24 | 3.5% | 56.6% | ||
| Q3 24 | 3.3% | 157.0% | ||
| Q2 24 | 2.7% | 175.6% |
现金转化率RSURI
| Q1 26 | — | 2.85× | ||
| Q4 25 | 2.36× | 1.92× | ||
| Q3 25 | 1.38× | 1.68× | ||
| Q2 25 | 0.98× | 2.14× | ||
| Q1 25 | 0.32× | 2.75× | ||
| Q4 24 | 4.47× | 1.52× | ||
| Q3 24 | 2.33× | 1.70× | ||
| Q2 24 | 1.37× | 1.99× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
RS
| Carbon Steel | $1.9B | 55% |
| Aluminum | $624.5M | 18% |
| Stainless Steel | $467.1M | 13% |
| Alloy Steel | $155.5M | 4% |
| Toll Processing | $155.3M | 4% |
| Copper And Brass | $93.5M | 3% |
| Other Products Or Services | $80.4M | 2% |
URI
| Equipment rentals | $3.4B | 86% |
| Sales of rental equipment | $350.0M | 9% |
| Service and other revenues | $92.0M | 2% |
| Sales of new equipment | $84.0M | 2% |
| Contractor supplies sales | $40.0M | 1% |
