{
 "company": "Reliance Steel & Aluminum Co.",
 "ticker": "RS",
 "sector": "Steel",
 "fiscalYearEnd": null,
 "revenueUsdM": 14294.3,
 "normalizedSga": {
  "pctRevenue": 19.64,
  "peerCount": 8,
  "peerMedianPctRevenue": 7.5,
  "peerLeanQuartilePctRevenue": 4.2,
  "peers": [
   {
    "ticker": "STLD",
    "name": "Steel Dynamics, Inc.",
    "normalizedSgaPctRevenue": 4.21
   },
   {
    "ticker": "MTUS",
    "name": "Metallus Inc.",
    "normalizedSgaPctRevenue": 8.12
   },
   {
    "ticker": "NUE",
    "name": "Nucor Corporation",
    "normalizedSgaPctRevenue": 3.75
   },
   {
    "ticker": "CRS",
    "name": "Carpenter Technology Corporation",
    "normalizedSgaPctRevenue": 7.55
   },
   {
    "ticker": "CMC",
    "name": "Commercial Metals Company",
    "normalizedSgaPctRevenue": 8.84
   },
   {
    "ticker": "WS",
    "name": "Worthington Steel, Inc.",
    "normalizedSgaPctRevenue": 7.45
   },
   {
    "ticker": "FRD",
    "name": "Friedman Industries, Incorporated",
    "normalizedSgaPctRevenue": 13.37
   }
  ],
  "definition": "Reported SG&A less the disclosed lines that distort comparison: advertising, R&D, pension, stock-based compensation, restructuring and one-time items, plus logistics reclassed where filers park it in SG&A."
 },
 "disclosedLines": [
  {
   "key": "stock_comp",
   "label": "Stock-based comp",
   "pctRevenue": 0.39,
   "companiesDisclosing": 6,
   "peersDisclosing": [
    {
     "ticker": "STLD",
     "pctRevenue": 0.38
    },
    {
     "ticker": "MTUS",
     "pctRevenue": 1.27
    },
    {
     "ticker": "NUE",
     "pctRevenue": 0.41
    },
    {
     "ticker": "CRS",
     "pctRevenue": 0.79
    },
    {
     "ticker": "CMC",
     "pctRevenue": 0.47
    }
   ],
   "note": "Right at the peer median. Not distorting the overhead picture."
  }
 ],
 "gapToPeers": {
  "toPeerMedian": {
   "usdM": 1687,
   "bps": 1181
  },
  "toLeanQuartile": {
   "usdM": 1858,
   "bps": 1300
  }
 },
 "tsrBridge": [
  {
   "label": "1 year",
   "span": "FY2024 to FY2025",
   "companyTsrPct": 9,
   "peerTsrPct": 34,
   "driverPp": {
    "Revenue growth": 5.2,
    "Gross margin": 3.4,
    "SG&A": -3.8,
    "Multiple": -33.4,
    "Other": 3.3
   }
  },
  {
   "label": "3 years",
   "span": "FY2022 to FY2025",
   "companyTsrPct": 50,
   "peerTsrPct": 165,
   "driverPp": {
    "Revenue growth": -25.4,
    "Gross margin": -78.8,
    "SG&A": -3.6,
    "Multiple": -21.2,
    "Other": 13.5
   }
  },
  {
   "label": "5 years",
   "span": "FY2020 to FY2025",
   "companyTsrPct": 162,
   "peerTsrPct": 448,
   "driverPp": {
    "Revenue growth": 7.8,
    "Gross margin": -190.6,
    "SG&A": 46.3,
    "Multiple": -117.2,
    "Other": -32.6
   }
  }
 ],
 "recentQuarter": null,
 "sources": [
  "10-K and 10-Q filings (US GAAP)",
  "XBRL company facts",
  "earnings releases"
 ],
 "urls": {
  "briefing": "https://sgabenchmarking.com/r/RS",
  "json": "https://sgabenchmarking.com/r/RS.json",
  "industryBenchmarks": "https://sgabenchmarking.com/catalog.json"
 },
 "publisher": "SG&A Benchmarking, https://sgabenchmarking.com"
}