Short answer
Ryerson Holding Corp (RYZ) filed its fiscal 2025 10-K annual report with the SEC on Feb 23, 2026. It reported revenue of $4.6B (−0.6% year over year) and net income of −$56M.
- Top risk flagged: Import duties and tariffs risk from U.S. trade policies impacting metal pricing and supply costs
FY2025 key financial metrics · XBRL
- Revenue
- $4.6B
- −0.6% YoY
- Net income
- −$56M
- −555.8% YoY
- Operating margin
- -0.7%
- −1.4 pp YoY
- Gross margin
- 17.1%
- −1.0 pp YoY
- EPS (diluted)
- −$1.76
- −576.9% YoY
- ROE
- -7.5%
- −6.4 pp YoY
- Operating cash flow
- $87M
- −57.5% YoY
Source: XBRL data from the Ryerson Holding Corp (RYZ) FY2025 10-K on SEC EDGAR. USD.
Ryerson Holding Corp FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Value-added processor and distributor of industrial metals in North America and China with ~75,000 metal products
- New emphasis: Completion of Olympic Steel merger in Feb 2026, creating North America's second-largest metals service center
- Strategic shift: Expanded geographic footprint and product offering through transformative merger with complementary Olympic Steel
- Quantitative metric: Approximately 4,300 employees across 106 facilities (103 North America, 3 China) serving ~40,000 customers
- Noteworthy fact: 12.2% ownership stake held by Platinum Equity affiliates as of Dec 31, 2025
Management Discussion & Analysis
- 2025 revenue volume growth 0.5% with average selling price decrease 1.1% YoY
- North American volumes declined 0.4% vs industry decline 1.5%, implying market share gain
- No actual operating margin or profitability percentages disclosed in text
- Completed Olympic Steel acquisition in Feb 2026, issued ~19.5 million shares, expecting $120M annual synergies by 2028
Risk Factors
- Import duties and tariffs risk from U.S. trade policies impacting metal pricing and supply costs
- Exposure to global metal overcapacity causing downward pressure on U.S. steel prices and sales
- Supplier concentration risk with top 25 suppliers representing 76% of purchases, potential disruption adverse to sales
- Competitive pressure from online businesses increasing price transparency and requiring costly technology adaptations
- Goodwill impairment risk from economic downturn or industry trends, tested annually or upon significant underperformance
Generated from the filing text; verify against the original. How to read a 10-K
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