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Olympic Steel, Inc.

ZEUS

Olympic Steel, Inc. • NASDAQ
$38.89 ▲ 1.22% (+0.47)
Market Cap $435.48 M
52w High $43.32
52w Low $26.32
Dividend Yield 0.63%
P/E 33.24
Volume 33.28K
Outstanding Shares 11.20M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $490.655M ▼ $478.901M ▼ $2.154M ▼ 0.439% ▼ $0.18 ▼ $-9.407M ▼
Q2-2025 $496.483M ▲ $850.092M ▲ $5.237M ▲ 1.055% ▲ $0.45 ▲ $19.586M ▲
Q1-2025 $492.941M ▲ $110.648M ▲ $2.509M ▼ 0.509% ▼ $0.21 ▼ $16.094M ▼
Q4-2024 $418.784M ▼ $96.52M ▼ $3.889M ▲ 0.929% ▲ $0.33 ▲ $18.093M ▲
Q3-2024 $469.996M $99.043M $2.734M 0.582% $0.23 $15.017M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $7.548M ▼ $1.09B ▲ $510.929M ▲ $579.129M ▲
Q2-2025 $14.815M ▲ $1.075B ▲ $496.707M ▲ $578.203M ▲
Q1-2025 $13.262M ▲ $1.065B ▲ $490.537M ▲ $574.185M ▲
Q4-2024 $11.912M ▲ $1.044B ▲ $470.572M ▲ $573.924M ▲
Q3-2024 $11.116M $1.012B $441.401M $570.61M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $5.237M ▲ $15.507M ▼ $-8.629M ▲ $-5.325M ▲ $1.553M ▲ $6.821M ▼
Q1-2025 $2.509M ▼ $49.418M ▲ $-8.831M ▲ $-39.237M ▼ $1.35M ▲ $40.587M ▲
Q4-2024 $3.889M ▲ $14.565M ▼ $-87.174M ▼ $73.405M ▲ $796K ▼ $7.386M ▼
Q3-2024 $2.734M ▼ $22.418M ▲ $-9.046M ▼ $-11.699M ▼ $1.673M ▲ $13.351M ▲
Q2-2024 $7.66M $-2.904M $-8.388M $10.395M $-897K $-9.454M

Revenue by Products

Product Q4-2017Q1-2025Q2-2025Q3-2025
Carbon Flat Products
Carbon Flat Products
 $200.00M ▲$290.00M ▲$280.00M ▼$270.00M ▼
Specialty Metals Flat Products
Specialty Metals Flat Products
 $50.00M ▲$130.00M ▲$130.00M ▲$140.00M ▲
Tubular and Pipe Products
Tubular and Pipe Products
 $50.00M ▲$80.00M ▲$80.00M ▲$80.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has come down from its recent peak but is still well above pre‑pandemic levels, which suggests the business grew structurally but is now facing a softer steel cycle. Profitability has followed that pattern: earnings were exceptionally strong during the boom years and have since normalized to more modest, but still clearly positive, levels. Margins remain healthy for a steel service business, though they are tighter than they were at the top of the cycle. Overall, the income statement shows a company that rode a strong upcycle well, but is now managing through a cooler demand and pricing environment with lower, yet still respectable, profits.

Balance Sheet

Balance Sheet The balance sheet looks sturdier than it did a few years ago. Total assets have grown, and shareholder equity has been steadily built up, which points to retained profits strengthening the company’s financial foundation. Debt has increased from its low point but is still at a manageable level relative to the size of the business and its equity base, indicating moderate leverage rather than aggressive borrowing. Cash on hand is small, so the company appears to rely more on credit lines and working capital management than on large cash reserves. Overall, financial structure looks solid but not overly conservative, leaving some sensitivity to swings in the steel cycle and financing conditions.

Cash Flow

Cash Flow Cash generation has been somewhat uneven, which is typical in a working‑capital‑heavy, cyclical business like steel distribution and processing. Operating cash flow was very strong in the boom years but has recently cooled, in line with lower profitability and likely changes in inventory and receivables. Free cash flow moved from very strong to roughly breakeven recently, partly because the company continues to invest in equipment and capacity, though capital spending remains relatively modest. The pattern suggests the business can produce solid cash in good markets but may see tighter cash conversion when conditions are less favorable or when it leans into growth investments.

Competitive Edge

Competitive Edge Olympic Steel has deliberately moved away from being just a basic steel distributor and toward being a value‑added metals service provider and manufacturer. Its strengths include a broad product mix across carbon, stainless, aluminum, and tubular products, a wide range of processing and fabrication capabilities, and a sizeable footprint of facilities across North America. This lets it serve many different industries and reduce dependence on any single end market. Long‑standing customer relationships and the ability to deliver tailored, finished or semi‑finished components give it an edge over more commodity‑oriented competitors. However, it still operates in a cyclical, competitive industry where pricing pressure and demand swings are constant realities. The planned merger with Ryerson could significantly increase scale and reach, but also introduces integration and execution risk.

Innovation and R&D

Innovation and R&D The company’s innovation is less about traditional lab R&D and more about process, equipment, and business‑model upgrades. It has invested in advanced cutting, forming, and machining technologies, along with robotics and automation, to deliver more precise, higher‑value work and to take on more of its customers’ manufacturing steps. Strategic acquisitions have brought in branded, metal‑intensive products and new capabilities in areas like venting, filtration, and solar‑related structures, nudging the portfolio toward higher margins and more differentiated offerings. Olympic Steel is also beginning to explore digital tools and artificial intelligence for planning and efficiency. Future innovation will likely come from continued automation, better use of data, and further acquisitions that deepen exposure to higher‑growth, specialized markets such as renewable energy and advanced manufacturing.

Summary

Olympic Steel today looks like a more diversified, higher‑value metals company than it was several years ago, with stronger equity, broader capabilities, and a more resilient business mix. Financial results show the imprint of the steel cycle: revenues and profits surged during the upturn and have since cooled, but remain solidly profitable. The balance sheet is reasonably strong and supports continued investment, though limited cash and moderate leverage mean disciplined capital management remains important. Cash flows can swing with working capital and pricing conditions, but the business has demonstrated an ability to generate meaningful cash in favorable markets. Strategically, the shift into value‑added processing, branded products, and specialized end markets gives the company more ways to defend margins and deepen customer ties. The upcoming merger with Ryerson is a major turning point: it could significantly enhance scale and capabilities, while also bringing complexity and integration risk. Overall, Olympic Steel appears to be transitioning from a cyclical volume player toward a more service‑ and solution‑oriented metals platform, with both opportunities and execution challenges ahead.

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 · 6:29 AM UTC

ZEUS Stock Alert: Halper Sadeh LLC is Investigating Whether the Sale of Olympic Steel, Inc. is Fair to Shareholders

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October 28, 2025 · 9:02 PM UTC

Shareholder Alert: The Ademi Firm investigates whether Olympic Steel Inc. is obtaining a Fair Price for its Public 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 · 4:45 PM UTC

Olympic Steel Reports Third-Quarter 2025 Results

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