Ryerson Holding Corp RYZ
Ryerson Holding Corporation ("Ryerson Holding"), a Delaware corporation, is the parent company of Joseph T. Ryerson & Son, Inc. ("JT Ryerson"), a Delaware corporation. As of December 31, 2025, affiliates of Platinum Equity, LLC ("Platinum") own approximately 3,924,478 shares of our common stock, which is approximately 12.2% of our issued and outstanding common stock.
We are a leading value-added processor and distributor of industrial metals with operations in the United States ("U.S.") through JT Ryerson and other U.S. subsidiaries, in Canada through our indirect wholly-owned subsidiary Ryerson Canada, Inc., a Canadian corporation ("Ryerson Canada"), and in Mexico through our indirect wholly-owned subsidiary Ryerson Metals de Mexico, S. de R.L. de C.V., a Mexican corporation ("Ryerson Mexico"). In addition to our North American operations, we conduct metal processing and distribution operations in China through an indirect wholly-owned subsidiary, Ryerson China Limited, a Chinese limited liability company ("Ryerson China"). Unless the context indicates otherwise, Ryerson Holding, JT Ryerson, Ryerson Canada, Ryerson Mexico, and Ryerson China together with their subsidiaries, are collectively referred to herein as "Ryerson," "we," "us," "our," or the "Company."
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.57B | $4.60B | $5.11B | $6.32B | $5.68B | $3.47B | $4.50B | $4.41B | $3.36B | $2.86B |
| Cost of revenue | $3.79B | $3.76B | $4.09B | $5.01B | $4.53B | $2.85B | $3.67B | $3.65B | $2.78B | $2.29B |
| Gross profit | $782.2M | $834.2M | $1.02B | $1.31B | $1.15B | $621.1M | $827.9M | $758.1M | $582.5M | $570.6M |
| SG&A | $809.6M | $801.2M | $793.5M | $735.2M | $711.2M | $554.3M | $636.8M | $614.7M | $481.4M | $447.5M |
| Operating income | -$30.8M | $31.5M | $228.1M | $578.7M | $545.2M | $64.6M | $210.8M | $139.2M | $101.1M | $122.1M |
| Pre-tax income | -$71.2M | -$7.4M | $193.7M | $522.9M | $389.1M | -$90.1M | $115.2M | $116.7M | $16.7M | $26.1M |
| Income tax | $16.1M | $100.0K | $47.3M | $131.4M | $93.7M | $24.8M | $32.5M | $10.3M | $1.3M | $7.2M |
| Net income | -$56.4M | -$8.6M | $145.7M | $391.0M | $294.3M | -$65.8M | $82.4M | $106.0M | $17.1M | $18.7M |
| EPS, basic | -1.76 | -0.26 | 4.17 | 10.41 | 7.67 | -1.73 | 2.19 | 2.84 | 0.46 | 0.55 |
| EPS, diluted | -1.76 | -0.26 | 4.10 | 10.21 | 7.56 | -1.73 | 2.17 | 2.81 | 0.46 | 0.54 |
| Shares, diluted (wtd. avg.) | $32.1M | $33.2M | $35.6M | $38.3M | $38.9M | $38.0M | $38.0M | $37.7M | $37.3M | $34.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $26.9M | $27.7M | $54.3M | $39.2M | $51.2M | $61.4M | $11.0M | $23.2M | $77.4M | $80.7M |
| Receivables | $460.8M | $425.6M | $467.7M | $514.4M | $630.8M | $378.9M | $425.1M | $521.0M | $376.3M | $326.0M |
| Inventory | $648.3M | $684.6M | $782.5M | $798.5M | $832.1M | $604.5M | $742.9M | $806.3M | $616.5M | $563.4M |
| Total current assets | $1.22B | $1.21B | $1.38B | $1.44B | $1.59B | $1.10B | $1.28B | $1.41B | $1.10B | $997.8M |
| Property, plant and equipment | $609.8M | $636.7M | $589.6M | $458.4M | $388.3M | $421.8M | $439.7M | $489.0M | $422.9M | $388.2M |
| Goodwill | $161.5M | $161.8M | $157.8M | $129.2M | $124.1M | $120.3M | $120.3M | $120.3M | $115.3M | $103.2M |
| Other intangibles | $58.2M | $68.3M | $73.7M | $50.9M | $42.2M | $43.2M | $50.6M | $58.1M | $46.9M | $40.8M |
| Total assets | $2.40B | $2.44B | $2.57B | $2.33B | $2.37B | $1.80B | $2.02B | $2.09B | $1.71B | $1.56B |
| Accounts payable | $516.0M | $440.8M | $463.4M | $438.4M | $481.2M | $365.1M | $311.5M | $390.2M | $275.0M | $230.4M |
| Short-term debt | $1.9M | $700.0K | $8.2M | $5.8M | $28.8M | $13.8M | $49.2M | $27.3M | $21.3M | $19.2M |
| Total current liabilities | $668.1M | $580.1M | $633.9M | $619.2M | $751.0M | $527.6M | $491.9M | $569.0M | $402.7M | $332.4M |
| Long-term debt | — | — | — | — | $610.5M | $726.2M | $932.6M | $1.13B | $1.02B | $944.3M |
| Total liabilities | $1.64B | $1.61B | $1.66B | $1.44B | $1.82B | $1.66B | $1.84B | $2.01B | $1.72B | $1.61B |
| Retained earnings | $698.8M | $779.6M | $813.2M | $692.5M | $321.7M | $33.8M | $99.6M | $14.2M | -$95.1M | -$112.2M |
| Total equity | $753.1M | $815.3M | $914.5M | $893.0M | $544.6M | $145.1M | $178.6M | $75.9M | -$7.4M | -$49.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $87.0M | $204.9M | $365.1M | $501.2M | $35.0M | $277.9M | $193.1M | $57.4M | -$2.5M | $24.8M |
| Depreciation and amortisation | $79.7M | $77.6M | $62.5M | — | — | — | — | — | — | — |
| Stock-based compensation | $8.7M | $11.6M | $13.8M | $9.1M | $5.5M | $1.9M | $3.1M | $3.3M | $2.2M | $1.4M |
| Capital expenditure | $51.5M | $99.6M | $121.9M | $105.1M | $59.3M | $26.0M | $45.8M | $38.4M | $25.1M | $23.0M |
| Investing cash flow | -$53.6M | -$142.7M | -$262.1M | -$160.0M | $94.4M | -$25.9M | $26.4M | -$200.2M | -$70.3M | -$19.8M |
| Financing cash flow | -$36.5M | -$86.8M | -$88.3M | -$350.1M | -$137.9M | -$250.2M | -$183.8M | $92.9M | $65.7M | $11.4M |
| Dividends paid | $24.1M | $24.8M | $24.8M | $19.9M | $6.4M | — | — | — | — | — |
| Buybacks | $0 | $51.0M | $113.9M | $50.0M | $1.8M | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-062397.
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