profit from every A$100 of sales.
A$0A$100
Reece
A$18.83-1.62% today
+49.9% in 1 year
1-year low A$12.331-year high A$19.27
Trading close to its highest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay A$36.54 for every A$1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Reece sold, what it kept, and what it did with the cash.
Sales went from A$7.65 billion in 2022 to A$8.98 billion in 2025, with A$317 million of profit last year.
SalesProfit
Reece handed back 52% of the cash it generated last year.
A$157M
Free cash flow 2025A$341M
Bought back its own sharesA$23M
Paid as dividendsA$157M
Cash vs. debtA$275M vs. A$2.0B
Reece vs. similar companies
Reece grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from A$100 of sales | Sales growth a year | Price per A$1 of profit |
|---|---|---|---|
| Reece | 36.5× · Expensive | ||
 W.W. Grainger | 40.9× · Expensive | ||
 Ferguson Enterprises | 26.8× · Fair price | ||
 Diploma | 52.5× · Expensive | ||
 Indutrade | 38.1× · Expensive |
AI analysis
An AI analyst reads Reece's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of AUD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 7,654 | 8,840 | 9,105 | 8,978 | |
| 2,139 | 2,507 | 2,606 | 2,558 | |
| 289 | 371 | 348 | 193 | |
| 815 | 912 | 1,007 | 863 | |
| 392 | 388 | 419 | 317 | |
| 0.61 | 0.60 | 0.65 | 0.49 | |
| 27.9% | 28.4% | 28.6% | 28.5% | |
| 3.8% | 4.2% | 3.8% | 2.1% | |
| 5.1% | 4.4% | 4.6% | 3.5% |
Balance sheet
| In millions of AUD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 6,608 | 6,924 | 10,867 | 7,417 |
| Cash | 220 | 373 | 682 | 275 |
| Total debt | 1,903 | 1,962 | 1,832 | 1,971 |
| Total liabilities | 3,287 | 3,299 | 3,691 | 3,372 |
| 3,321 | 3,625 | 4,072 | 4,045 | |
| 646 | 646 | 645 | 644 | |
| 7.5% | 7.8% | 8.1% | 5.9% | |
| 11.8% | 10.7% | 10.3% | 7.8% |
Cash flow
| In millions of AUD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| – | – | – | – | |
| 200 | 177 | 258 | 258 | |
| 22 | 589 | 493 | 341 | |
| Dividends paid | 126 | 149 | 161 | 157 |
| – | – | – | 23 | |
| – | – | – | – |
Valuation
- 36.5×
- –
- –
- 3.0×
- 1.3×
- 33.9×
- 15.4×
- 2.9%
- 2.7%
- 1.4%
Profitability
- 28.5%
- 2.1%
- 3.5%
- –
- 5.6%
- 6.9%
- –
- –
- –
- –
Growth
- +5.5%
- −7.0%
- –
- –
- −1.2%
Financial health
- 2.3×
- 0.60
- –
- 7.3×
- 1.98
- –
- –
How it ranks in Industrials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 32%of 978
Bottom 12%of 985
Bottom 20%of 866
Bottom 41%of 984
Bottom 41%of 987
1.4%of the share price, paid each year
On $1,000 invested$14a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
49.4% of its profit
Room to growStretchedMore than it earns: 45.9%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
41No pass
Benjamin Graham
40No pass
Philip Fisher
29No pass
Peter Lynch
23No pass
Joel Greenblatt
11No pass
Charlie Munger
27No pass
Terry Smith
32No pass
Questions about Reece
Is Reece a good stock to buy?
A business with weak numbers, but the price is high. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Reece AI analysis
What does Reece do?
Reece Limited engages in the distribution of plumbing, waterworks, heating, ventilation, air-conditioning, and refrigeration products to commercial and residential customers in Australia, New Zealand, and the United States. It is in Industrial Distribution, based in Cremorne, VIC, Australia, with 9,000 employees.
Does Reece pay a dividend?
Yes. At today's price the dividend is 1.4% a year, about 49% of its yearly profit. In 2025 it paid out A$157 million in dividends.
Is Reece stock halal?
Yes. Reece passes our halal screen: its business is permitted and its debt is 17% of its market value, under the 30% limit. How we check
How has Reece stock done over the past year?
Up 49.9% over the past twelve months, to A$18.83. It traded between A$12.33 and A$19.27 and is 2.3% below its high.
Who are Reece's competitors?
The largest listed companies in the same industry are W.W. Grainger, Ferguson Enterprises, Diploma and Indutrade. The peers table on this page compares their profit, growth and price with Reece's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.