Ryerson Holdings (RYI) AI Stock Analysis

• Market Cap: $788.81M
• Dividend Yield: 3.06%
• Average Volume (3M): 467.02K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.23
• Revenue Growth: -4.89%
• EPS Growth: -214.50%
• Country: US
• Employees: 4,200
• Sector: Industrials
• Sector Strength: 72
• Industry: Manufacturing - Metal Fabrication
• EPS (TTM): -0.46
• Shares Outstanding: 32,209,366
• 10 Day Avg. Volume: 460,409
• 30 Day Avg. Volume: 467,025
• PEG Ratio: 0.66
• Price to Book (P/B): 0.74
• Price to Sales (P/S): 0.13
• P/FCF Ratio: 5.76
• Enterprise Value/Market Cap: 1.99
• Enterprise Value/Revenue: 0.35
• Enterprise Value/Gross Profit: 1.95
• Enterprise Value/Ebitda: 17.37
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: $22.00 ▼(-10.17% Downside)

Ryerson Holdings faces significant financial challenges with declining revenue and profitability, impacting its overall score. The merger with Olympic Steel offers potential synergies and improved liquidity, providing a cautiously optimistic outlook. However, negative valuation metrics and mixed technical indicators suggest caution. The stock's dividend yield offers some appeal, but operational improvements are necessary for a stronger financial position.

Positive Factors

Merger Synergies

The merger with Olympic Steel is poised to create significant synergies, enhancing operational efficiency and market position, which can drive long-term growth and profitability.

Improved Liquidity

Increased liquidity strengthens Ryerson's financial flexibility, allowing for strategic investments and better debt management, supporting long-term stability.

Investment in CapEx

Significant investment in CapEx projects positions Ryerson for future growth by expanding capacity and improving operational capabilities, enhancing competitive advantage.

Negative Factors

Declining Revenue

Declining revenue trends indicate challenges in market demand and pricing power, which can impact long-term profitability and market share.

Net Loss

A net loss in the recent quarter highlights ongoing profitability issues, which may strain financial resources and hinder investment in growth initiatives.

Gross Margin Compression

Gross margin compression reflects pricing pressures and operational inefficiencies, which could erode competitive positioning and reduce profitability over time.

Ryerson Holdings Business Overview & Revenue Model

Company Description

Ryerson Holdings Corporation is a leading distributor and processor of metals, including steel, aluminum, and other specialty metals. The company serves a diverse range of industries, including construction, aerospace, automotive, and energy. Ryerson operates a vast network of service centers and warehouses across North America, offering a wide array of value-added services such as cutting, machining, and logistics, which enhance its product offerings and customer service.

How the Company Makes Money

Ryerson generates revenue primarily through the sale of metal products and related processing services. Its revenue model is based on the distribution of metal products, with significant revenue streams coming from both the sale of raw materials and the provision of value-added services. The company benefits from economies of scale due to its extensive distribution network, allowing it to serve a variety of industries efficiently. Key revenue streams include direct sales to manufacturers, construction firms, and other industrial clients. Additionally, Ryerson's partnerships with suppliers and manufacturers help secure competitive pricing and reliable product availability, which are crucial for maintaining profit margins. The company's strategic focus on customer service and operational efficiency further supports its earnings by enhancing customer retention and attracting new business.

Ryerson Holdings Financial Statement Overview

Summary

Ryerson Holdings is experiencing financial instability with declining revenue and profitability. The balance sheet shows increased leverage, impacting financial flexibility. Cash flow management is a concern, with declining free cash flow growth. Operational inefficiencies and profitability improvements are needed to enhance financial health.

Income Statement

Ryerson Holdings has experienced fluctuating revenue growth with a recent decline in revenue. The company shows a negative net profit margin in the TTM, indicating profitability challenges. Gross profit margin remains stable, but EBIT and EBITDA margins have decreased, reflecting operational inefficiencies.

Balance Sheet

The company's debt-to-equity ratio has increased slightly, indicating higher leverage, which could pose financial risk. Return on equity is negative in the TTM, highlighting profitability issues. However, the equity ratio remains stable, suggesting a balanced asset structure.

Cash Flow

Ryerson Holdings faces significant challenges in cash flow management, with a sharp decline in free cash flow growth. The operating cash flow to net income ratio is low, indicating inefficiencies in converting income to cash. The free cash flow to net income ratio is positive but declining, suggesting potential liquidity concerns.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.47B	4.60B	5.11B	6.32B	5.68B	3.47B
Gross Profit	804.40M	834.20M	1.02B	1.31B	1.15B	621.10M
EBITDA	90.50M	112.40M	293.60M	634.10M	492.50M	123.90M
Net Income	-22.80M	-8.60M	145.70M	391.00M	294.30M	-65.80M
Balance Sheet
Total Assets	2.49B	2.44B	2.57B	2.33B	2.37B	1.80B
Cash, Cash Equivalents and Short-Term Investments	29.80M	27.70M	54.30M	39.20M	51.20M	61.40M
Total Debt	856.60M	850.80M	803.80M	626.40M	849.00M	853.70M
Total Liabilities	1.69B	1.61B	1.66B	1.44B	1.82B	1.66B
Stockholders Equity	787.30M	815.30M	905.90M	885.10M	537.20M	138.80M
Cash Flow
Free Cash Flow	12.30M	105.30M	243.20M	396.10M	-24.30M	251.90M
Operating Cash Flow	66.50M	204.90M	365.10M	501.20M	35.00M	277.90M
Investing Cash Flow	-54.80M	-142.70M	-262.10M	-160.00M	94.40M	-25.90M
Financing Cash Flow	-17.70M	-86.80M	-88.30M	-350.10M	-137.90M	-250.20M

Ryerson Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 24.49
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RYI, the sentiment is Positive. The current price of 24.49 is above the 20-day moving average (MA) of 22.91, above the 50-day MA of 22.23, and above the 200-day MA of 21.96, indicating a bullish trend. The MACD of 0.81 indicates Negative momentum. The RSI at 60.83 is Neutral, neither overbought nor oversold. The STOCH value of 59.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RYI.

Ryerson Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AZZ	79 Outperform	$3.27B	10.47	27.28%	0.68%	1.55%	701.41%
IIIN	73 Outperform	$646.96M	15.89	11.36%	3.36%	22.39%	112.75%
WOR	73 Outperform	$2.80B	26.51	11.50%	1.27%	7.43%	148.83%
NWPX	71 Outperform	$602.91M	17.06	9.78%	―	7.61%	25.35%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
MEC	63 Neutral	$370.81M	31.77	5.06%	―	-12.38%	-0.71%
RYI	49 Neutral	$788.81M	-34.40	-2.81%	3.06%	-4.89%	-214.50%

Ryerson Holdings Corporate Events

Ryerson Holdings Announces Merger with Olympic Steel

On October 28, 2025, Ryerson Holding Corporation announced a merger agreement with Olympic Steel, Inc., where Olympic will become a wholly owned subsidiary of Ryerson. The merger involves converting Olympic’s common stock into Ryerson’s common stock, with specific terms for stock-based and long-term cash awards. The merger is subject to various conditions, including shareholder and regulatory approvals, and includes provisions for post-closing governance changes and potential termination fees.

Ryerson Holdings Announces Merger with Olympic Steel

On October 28, 2025, Ryerson announced a merger agreement with Olympic Steel, where Olympic will become a wholly owned subsidiary. This strategic move is expected to enhance Ryerson’s market position and operational capabilities. Additionally, Ryerson reported its third-quarter 2025 financial results, highlighting a revenue of $1.16 billion, a net loss of $14.8 million, and a slight reduction in debt. Despite weak demand and tariff pricing conditions, Ryerson managed to maintain revenue within its guidance range, reflecting its effective management and strategic investments.