Ryerson Holding Corp (RYZ) FY2025 10-K Annual Report

Filed: Feb 23, 2026
Consumer Discretionary
Wholesale-Metals Service Centers & of ficesSEC EDGAR

Ryerson Holding Corp (RYZ) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 23, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Ryerson Holding Corp FY2025 10-K Analysis

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
  • No cash flow, buybacks, dividends, or capex details provided in the excerpt
  • 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

Ryerson Holding Corp FY2025 Key Financial Metrics
XBRL

Revenue

$4.6B

-0.6% YoY

Net Income

-$56M

-555.8% YoY

Gross Margin

17.1%

-103bp YoY

Operating Margin

-0.7%

-136bp YoY

Net Margin

-1.2%

-105bp YoY

ROE

-7.5%

-643bp YoY

Total Assets

$2.4B

-1.4% YoY

EPS (Diluted)

$-1.76

-576.9% YoY

Operating Cash Flow

$87M

-57.5% YoY

Source: XBRL data from Ryerson Holding Corp FY2025 10-K filing on SEC EDGAR. All figures in USD.

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