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RYI

Ryerson Holding Corporation

RYI

Ryerson Holding Corporation • NYSE
$22.93 ▲ 0.35% (+0.08)
Market Cap $738.56 M
52w High $27.41
52w Low $17.18
Dividend Yield 0.75%
P/E -32.3
Volume 115.91K
Outstanding Shares 32.21M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.161B ▼ $200.5M ▼ $-14.8M ▼ -1.274% ▼ $-0.46 ▼ $20M ▼
Q2-2025 $1.169B ▲ $203.6M ▲ $1.9M ▲ 0.162% ▲ $0.059 ▲ $22.9M ▲
Q1-2025 $1.136B ▲ $202.1M ▲ $-5.6M ▼ -0.493% ▼ $-0.18 ▼ $21.8M ▼
Q4-2024 $1.007B ▼ $188.5M ▼ $-4.3M ▲ -0.427% ▲ $-0.13 ▲ $25.8M ▲
Q3-2024 $1.127B $196.9M $-6.6M -0.586% $-0.2 $24.6M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $29.8M ▼ $2.49B ▼ $1.693B ▼ $787.3M ▼
Q2-2025 $30.8M ▼ $2.538B ▲ $1.717B ▲ $811.5M ▲
Q1-2025 $33.6M ▲ $2.524B ▲ $1.71B ▲ $803.9M ▼
Q4-2024 $27.7M ▼ $2.439B ▼ $1.615B ▼ $815.3M ▼
Q3-2024 $35M $2.533B $1.691B $832.9M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-14.4M ▼ $-8.3M ▼ $-9.9M ▲ $16.4M ▲ $-1.8M ▲ $-21.1M ▼
Q2-2025 $2.1M ▲ $23.8M ▲ $-13M ▼ $-14M ▼ $-2.5M ▼ $13.9M ▲
Q1-2025 $-5.3M ▼ $-41.2M ▼ $-8M ▲ $54.4M ▲ $5.4M ▲ $-49.2M ▼
Q4-2024 $-4.2M ▲ $92.2M ▼ $-23.9M ▲ $-74.5M ▼ $-7.5M ▼ $68.7M ▼
Q3-2024 $-5.6M $134.6M $-75.4M $-52M $7.6M $103M

Five-Year Company Overview

Income Statement

Income Statement Ryerson’s income statement shows a very cyclical business that is coming off a strong peak. Sales surged in 2021–2022 with high metal prices and strong industrial demand, then eased back in 2023 and again in 2024 as conditions normalized. Profitability followed the same pattern: very strong profits in 2021–2022, more moderate in 2023, and roughly break-even with a small loss in 2024. Margins have clearly been squeezed versus the boom years, but the company is still operating close to breakeven rather than deeply in the red, which suggests some underlying resilience even in a softer part of the cycle.

Balance Sheet

Balance Sheet The balance sheet looks much healthier today than a few years ago. Total assets have inched up, but the bigger story is that equity has grown meaningfully from prior profits, giving the company a thicker financial cushion. Debt remains significant but has not ballooned, so leverage has actually improved as equity increased. Cash on hand is small relative to the size of the business, which is common for a distributor that relies on credit lines and inventory turns. Overall, financial risk appears lower than it was earlier in the decade, though the company still carries enough debt that interest costs matter.

Cash Flow

Cash Flow Cash generation is a relative strength. Ryerson has produced positive operating cash flow in each of the past five years, including the most recent, weaker year. Free cash flow has been positive in most years even after stepping up investment in facilities and equipment. There was only a brief period of slightly negative free cash flow when investment was unusually high. This pattern suggests the business typically converts its earnings into cash and can fund much of its modernization and growth internally, though cash flows will still swing with metal prices and industrial activity.

Competitive Edge

Competitive Edge Ryerson sits in a competitive but scale-driven niche. Its advantages come from a broad North American network of service centers, a wide range of metal products, and extensive value-added processing capabilities. Long-standing customer relationships and technical know-how allow it to act as more than just a raw metal seller, helping customers with customized parts and supply-chain solutions. The planned merger with Olympic Steel, if executed well, would significantly increase its scale and geographic reach, potentially reinforcing these strengths. At the same time, the company remains exposed to intense competition and to cyclical end markets such as transportation, machinery, and construction.

Innovation and R&D

Innovation and R&D Innovation at Ryerson is focused on operations and customer service rather than traditional laboratory-style R&D. The company is investing in a robust e-commerce platform that provides real-time pricing and inventory visibility, making ordering and planning easier for customers. It is also modernizing its service centers with more automation and “smart” factory concepts to improve efficiency, speed, and safety. Acquisitions like Production Metals extend its capabilities in precision cutting and more advanced processing, pushing Ryerson further up the value chain. Sustainability and logistics optimization are emerging themes, but the core of its innovation is about doing more value-added work on the metal and making it simpler for customers to buy and use.

Summary

Ryerson is a cyclical industrial metals processor that is transitioning from a boom period into a more challenging environment. Revenues and profits have come down from exceptional highs, and the latest year shows margin pressure and a small net loss, typical of a down-cycle phase. Against that, the balance sheet is stronger than it was earlier in the decade, and cash flows have remained positive, which helps buffer the impact of weaker markets. Strategically, the company is leaning into scale, digital tools, automation, and higher-value processing to deepen customer relationships and reduce pure commodity exposure. Key uncertainties revolve around the industrial cycle, metal price volatility, and the execution of the Olympic Steel merger and ongoing modernization efforts. The story is one of a cyclical operator trying to build more durable advantages and smoother performance over time.

NEWS

October 29, 2025 · 7:23 PM UTC

Olympic Steel Investor Alert By The Former Attorney General Of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Olympic Steel, Inc. - ZEUS

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October 29, 2025 · 6:51 AM UTC

RYI Stock Alert: Halper Sadeh LLC is Investigating Whether the Merger of Ryerson Holding Corporation is Fair to Shareholders

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October 28, 2025 · 4:51 PM UTC

Ryerson and Olympic Steel Announce Merger Agreement

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October 28, 2025 · 4:34 PM UTC

Ryerson Reports Third Quarter 2025 Results

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October 1, 2025 · 4:31 PM UTC

Ryerson to Host Earnings Call on Wednesday, October 29th to Discuss Third Quarter 2025 Results

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