RELIANCE, INC. vs TD SYNNEX CORPORATION, two Distribution stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Reliance and TD Synnex both distribute at low margins, Reliance metals at 5.42% net and Synnex IT products at 1.52%, and they earn nearly identical returns on equity, 11.28% and 11.24%. Synnex converts far more free cash, 5.86% against 3.05%, on its high-velocity model; Reliance trades a touch dearer, 25.1 times earnings against 22.1, and pays a bigger dividend, 1.24% against 0.66%. Both carry light debt. The pair matches a metals distributor with a technology one, twins on return but different in texture: Reliance earns fatter margins on slower-turning metal inventory, Synnex thinner margins on faster-turning tech products, and their matched returns come from opposite ends of the margin-versus-velocity trade.
Comparison updated 2026-07-11.
| Metric | RS | SNX |
|---|---|---|
| Price | $380.17 | $251.89 |
| Market cap | $19.8B | $20.1B |
| Sector | Distribution | Distribution |
| Stage | Mature | Growth |
| Implied growth (priced in) | +10.5% | +3.9% |
| P/E | 24.8 | 18.1 |
| P/B | 2.77 | 2.24 |
| P/S | 1.33 | 0.29 |
| EV/EBITDA | 15.3 | 10.6 |
| Revenue growth | +8.7% | +16.3% |
| Gross margin | — | 6.8% |
| Operating margin | 9.1% | 2.6% |
| Net margin | 5.4% | 1.6% |
| Return on equity | 11.3% | 12.7% |
| Return on assets | 7.4% | 3.0% |
| Return on invested capital | 9.5% | 13.8% |
| FCF yield | 3.1% | 1.9% |
| Dividend yield | 1.3% | 0.7% |
| Debt / equity | 0.24 | 0.13 |
| Current ratio | 4.39 | 1.20 |
| Altman Z (solvency) | 6.04 | 2.56 |
| Piotroski F (quality) | 5 / 9 | 5 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.