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Ryerson Holdings
(NYSE:RYZ)
Ryerson Holdings (RYZ) vs. SPDR S&P 500 ETF (SPY)
Ryerson Holdings Business Overview & Revenue Model
Ryerson Holdings Financial Statement Overview
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Ryerson Holdings Technical Analysis
Ryerson Holdings Risk Analysis
Ryerson Holdings Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $4.03B | 12.63 | 27.38% | 0.67% | 1.55% | 701.41% | |
78 Outperform | $702.95M | 19.89 | 9.78% | ― | 7.61% | 25.35% | |
70 Outperform | $2.79B | 26.25 | 11.31% | 1.27% | 7.43% | 148.83% | |
68 Neutral | $724.45M | 15.12 | 13.77% | 3.49% | 22.39% | 112.75% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | $440.50M | 37.74 | 5.06% | ― | -12.38% | -0.71% | |
54 Neutral | $1.41B | -15.53 | -2.81% | 2.84% | -4.89% | -214.50% |
Ryerson Holdings Corporate Events
On February 24, 2026, Ryerson Holding Corporation began using a new investor presentation at the BMO Metals and Mining Conference and in broader investor outreach for its 2026 fiscal year, outlining its enlarged scale and financial profile following the recently closed merger with Olympic Steel. The materials highlight Ryerson’s expanded North American network, pro forma 2024 revenue of about $6.5 billion, improved adjusted EBITDA margin of roughly 5%, and its emergence as the second-largest metals service center in North America.
The presentation underscores Ryerson’s strategic focus on higher-margin, less cyclical niche markets, increased value-added processing, and the integration benefits from Olympic Steel, including an expected $120 million in annual run-rate synergies by the end of year two. Management details planned gains from procurement, network optimization, efficiency improvements and commercial initiatives, alongside significant recent and planned capital investments aimed at moving further up the value chain, which together are intended to enhance free cash flow generation and support continued organic growth and disciplined M&A activity.
The most recent analyst rating on (RYI) stock is a Hold with a $31.00 price target. To see the full list of analyst forecasts on Ryerson Holdings stock, see the RYI Stock Forecast page.
Ryerson reported fourth-quarter 2025 revenue of $1.10 billion, with tons shipped down 4.9% sequentially and average selling prices essentially flat, as contractionary industrial demand and mill-driven cost increases compressed margins and led to a quarterly net loss of $37.9 million. For full-year 2025, revenue was $4.57 billion with higher adjusted EBITDA ex-LIFO year over year, while net debt was reduced to $436 million and leverage improved to 3.1x.
On February 13, 2026, Ryerson closed its merger with Olympic Steel and extended and upsized its credit facility from $1.3 billion to $1.8 billion, moves that strengthen its balance sheet, expand financing flexibility, and are expected to unlock about $120 million in annual run-rate synergies over the next two years. The board also declared a first-quarter 2026 dividend of $0.1875 per share, and management signaled early signs of a demand and pricing recovery in early 2026, positioning the combined company to benefit from an anticipated inflection in U.S. manufacturing.
The most recent analyst rating on (RYI) stock is a Hold with a $31.00 price target. To see the full list of analyst forecasts on Ryerson Holdings stock, see the RYI Stock Forecast page.
On the closing date of the merger completed as of February 13, 2026, Ryerson amended its long-standing asset-based credit agreement, extending its maturity by five years, increasing total commitments from $1.3 billion to $1.8 billion and aligning terms with the combined operations of Joseph T. Ryerson & Son and Olympic Steel. The expanded facility will be used in part to repay and terminate Olympic Steel’s existing loan and security agreement, supporting integration financing needs after the transaction.
Under the merger, a Ryerson subsidiary was combined with Olympic Steel, with each Olympic share converted into 1.7105 Ryerson shares and approximately 19.5 million new Ryerson shares issued, leaving former Olympic shareholders owning about 37% of the enlarged group. Olympic’s equity awards and long-term incentives were either converted into Ryerson-based instruments or cashed out on defined terms, and Olympic’s Nasdaq-listed shares, previously trading under “ZEUS,” ceased trading and were delisted at the close on the February 13, 2026 closing date.
Ryerson and Olympic Steel announced that the combined company will operate as Ryerson Holding Corporation and, beginning February 24, 2026, will change its New York Stock Exchange ticker from “RYI” to “RYZ” while retaining its existing listing and CUSIP. The merger solidifies Ryerson’s position as the second-largest North American metals service center, with management highlighting complementary footprints, broader product offerings and expected operational efficiencies across an expanded network.
Leadership of the combined company was reshaped with Ryerson CEO Eddie Lehner remaining in place and former Olympic CEO Richard T. Marabito becoming President and Chief Operating Officer, supported by a blended finance and operating team drawn from both organizations. Former Olympic Executive Chairman Michael D. Siegal was appointed chairman of the enlarged 11-member Ryerson board, which now includes three additional former Olympic directors and aims to steer the company through integration and value creation.
On February 13, 2026, Ryerson’s board approved time-vested restricted stock unit inducement awards for Marabito, Andrew S. Greiff and Richard A. Manson, structured to vest in full on the third anniversary of grant, aligning key incoming executives’ incentives with long-term performance. The board also declared a first-quarter cash dividend of $0.1875 per share of Ryerson common stock, payable on March 19, 2026 to shareholders of record on March 5, 2026, maintaining capital returns while integrating the Olympic Steel acquisition.
The most recent analyst rating on (RYI) stock is a Hold with a $31.00 price target. To see the full list of analyst forecasts on Ryerson Holdings stock, see the RYI Stock Forecast page.
On February 12, 2026, Ryerson Holding Corporation held a special meeting at which stockholders overwhelmingly approved the issuance of new Ryerson common shares required to complete its planned merger with Olympic Steel, with about 90.95% of eligible shares represented and the issuance proposal passing by a wide margin. At a separate special meeting the same day, Olympic Steel shareholders also approved the merger, clearing a key shareholder hurdle for a transaction that will make Olympic a wholly owned subsidiary of Ryerson.
Under the merger terms, which were expected to close on February 13, 2026, Olympic Steel shareholders were to receive 1.7105 shares of Ryerson common stock for each Olympic share, and Olympic’s stock was slated to cease trading on Nasdaq once the deal closed. The approvals mark a significant consolidation move in the metals distribution sector, positioning the combined company to broaden its footprint and product offering, while ending Olympic’s run as an independent public company and reshaping the competitive landscape for customers, suppliers, and investors in the industrial metals market.
The most recent analyst rating on (RYI) stock is a Hold with a $31.00 price target. To see the full list of analyst forecasts on Ryerson Holdings stock, see the RYI Stock Forecast page.
On October 28, 2025, Ryerson and Olympic Steel agreed to a merger under which a Ryerson subsidiary will merge into Olympic, leaving Olympic as the surviving entity and a wholly owned Ryerson subsidiary, and the companies have since advanced the deal’s regulatory and shareholder approval process, including filing a joint proxy statement/prospectus in December 2025 that was declared effective on January 14, 2026, ahead of special shareholder meetings scheduled for February 12, 2026. In January 2026, Olympic received 14 demand letters and two shareholder lawsuits in New York state court, and Ryerson received one demand letter, all challenging the adequacy of disclosures in the joint proxy statement/prospectus; while both companies deny any legal or disclosure deficiencies and characterize the claims as without merit, they are voluntarily issuing detailed supplemental financial and valuation disclosures regarding advisory analyses, comparable companies, precedent transactions, premiums paid and discounted cash flow assumptions to minimize litigation risk and avoid potential delays or disruptions to the completion of the merger.
The most recent analyst rating on (RYI) stock is a Hold with a $31.00 price target. To see the full list of analyst forecasts on Ryerson Holdings stock, see the RYI Stock Forecast page.