Fundamentals Hub
▼ FY 2025 Summary Analysis
Annual report ending Dec 31, 2025Overview and Growth
Fiscal 2025 results for Ryerson Holding Corp combined $4.57B of revenue with net loss of $56.40M and an operating cash inflow of $87.00M. Revenue of $4.57B sets the scale for evaluating how effectively sales translated into profit and cash during the year. Revenue was 0.6% below fiscal 2024 revenue of $4.60B, marking a top-line contraction. On a per-share basis, diluted EPS was -$1.76, which connects the reported earnings outcome with the company’s diluted share count. The company employed $2.40B of total assets, the balance-sheet base supporting its current operating and cash-flow results. The revenue-to-assets relationship was 1.9x, showing the sales generated relative to the resources carried on the balance sheet.Profitability
After reported cost of revenue, the company retained $782.20M as gross profit before recognizing operating expenses and other items. Gross margin was 17.1%, so that share of each revenue unit remained after the cost of revenue reported for the period. The company recorded an operating loss of $30.80M after the reported operating expense base. The operating loss equaled 0.7% of revenue, showing the scale of the operating deficit relative to sales. After all below-operating-line items, the company recorded a net loss of $56.40M for the fiscal year. Net margin was -1.2%, reflecting a loss equal to 1.2% of reported revenue. The company reported a pretax loss of $71.20M, before the effect of income taxes. Pretax margin was -1.6%, reflecting a pre-tax loss equal to 1.6% of revenue. An income-tax benefit of $16.10M improved the final result relative to pretax income or loss. The loss-to-equity relationship was 7.4%, placing the bottom-line deficit against shareholder capital. The loss-to-assets relationship was 2.3%, placing the bottom-line deficit against the company’s resource base. The bottom-line deficit increased from $8.60M in fiscal 2024 to $56.40M.Liquidity and Capital Structure
The company held $2.40B of assets against $1.64B of liabilities and $763.60M of equity, revealing how the asset base was financed. At period end, current assets of $1.22B compared with current liabilities of $668.10M, defining the company’s short-term resource position. Current assets covered current liabilities by 1.83x, leaving a positive buffer for near-term obligations. The company held $26.90M in cash and equivalents, a narrower liquidity measure than total current assets. Cash and equivalents represented 4.0% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Book equity represented 31.8% of total assets, quantifying the balance-sheet share supported by shareholder capital. Relative to total assets, liabilities measured 68.2%, complementing the separate equity-based view of the company’s capital structure. The cash-to-assets relationship was 1.1%, comparing reported cash and equivalents with the full positive asset balance. The asset base changed 1.4% from $2.44B in fiscal 2024, leaving current total assets lower year over year. Reported equity changed 7.4% from $824.50M in fiscal 2024, placing the current capital base lower year over year. Compared with $27.70M in fiscal 2024, the current cash balance moved 2.9% and finished lower.Cash Flow and Earnings Quality
Cash flow from operations was $87.00M, a reported cash inflow that can be compared directly with net income and capital spending. Capital expenditures used $51.50M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Capital expenditures represented 59.2% of operating cash flow, leaving the remainder available as free cash flow. After capital spending, free cash flow was $35.50M, leaving cash available for debt reduction, shareholder returns, or further investment. Free cash flow represented 0.8% of revenue, linking post-investment cash generation with the company’s operating scale. The free-cash-flow-to-assets relationship was 1.5%, comparing post-investment cash with the balance-sheet asset base.
Based on the annual report for the fiscal year ending Dec 31, 2025.
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