RYZRyerson Holding Corporation
Is the business good?
The checks split: nothing decisive, though margins compressing.
Mixed fundamental signals. Nine pass/fail tests of year-over-year health from the filings.
Operating margin has narrowed over the past few years, profitability per dollar of sales is eroding.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is RYZ?
Ryerson Holding Corporation keeps 0.32% of every revenue dollar as operating profit, against 7.6% for the median Metal Fabrication name.
Operating margin · Metal Fabrication median 7.6% · 12 months to Q2 2026
- Share count, year on year
- +63%
Share count, year on year · shareholders own a smaller slice than a year ago
- Gross margin
- 17%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | 1.9% |
| FY2021 | 9.6% |
| FY2022 | 9.2% |
| FY2023 | 4.5% |
| FY2024 | 0.68% |
| FY2025 | −0.67% |
Details›
- Gross margin12 months to Q2 2026
- 17%
- Operating margin12 months to Q2 2026
- 0.32%
- Net margin12 months to Q2 2026
- −0.56%
- Free cash flow margin
- −2.2%
- Revenue, trailing twelve months
- $5.84B
- Free cash flow, trailing twelve months
- −$131M
- Net income, trailing twelve months
- −$33M
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Customers and suppliers
Who buys from RYZ and who it buys from, as the companies report it.
- Top 10 customers15%
Combined share of revenue · FY2025 10-K
None disclosed.
A company has to disclose every customer behind 10% or more of its revenue. Each share comes from the latest annual report of the company that states it and shows on both companies’ pages; RYZ’s own figures are from its FY2025 10-K. Smaller customers and suppliers go unreported.