ZEUS OLYMPIC STEEL INC

Overview and Growth

In fiscal 2024, OLYMPIC STEEL INC recorded $1.94B of revenue, net income of $22.98M, and an operating cash inflow of $33.68M. Revenue of $1.94B sets the scale for evaluating how effectively sales translated into profit and cash during the year. Revenue was 10.0% below fiscal 2023 revenue of $2.16B, marking a top-line contraction. On a per-share basis, diluted EPS was $1.97, which connects the reported earnings outcome with the company’s diluted share count. The per-share result recorded a 48.8% decrease from fiscal 2023 diluted EPS of $3.85. Revenue equaled 1.86x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

The reported operating result was $47.86M, capturing profitability after direct costs and the operating expenses reflected in the statements. Operating margin measured 2.5%, showing the portion of revenue preserved after the full set of operating costs. After all reported below-operating-line items, the company recorded net income of $22.98M for the fiscal year. Measured against reported revenue, net income produced a 1.2% margin after operating costs and the remaining recognized items. Before income taxes, the company reported $31.30M of earnings, providing a bridge between the operating result and final net income. Pretax income represented 1.6% of revenue, placing earnings before tax in the context of the company’s operating scale. The company recognized $8.32M of income tax for the period, completing the transition from pretax income to net income. The income-tax provision equaled 26.6% of pretax income, showing the tax burden absorbed by the year’s earnings. Net income equaled 4.0% of period-end equity, showing the earnings generated on shareholders’ book capital.

Liquidity and Capital Structure

Total assets were $1.04B, supported by $470.57M of liabilities and $573.92M of shareholder equity. Current assets were $580.59M against $132.64M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. Current assets covered current liabilities by 4.38x, leaving a positive buffer for near-term obligations. The company held $11.91M in cash and equivalents, a narrower liquidity measure than total current assets. The cash balance equaled 9.0% of current liabilities, showing how much near-term coverage came from cash alone. The company carried $272.46M of total debt at period end, which frames its leverage and debt-service burden. Against book equity, debt measured 0.47x, placing the company’s financial leverage in clear balance-sheet terms. The debt-to-assets relationship was 26.1%, comparing borrowing with the total asset balance. Relative to total assets, liabilities measured 45.1%, 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 6.1% from $984.84M in fiscal 2023, leaving current total assets higher year over year.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $33.68M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Operating cash flow equaled 1.47x of net income, showing how strongly accounting earnings converted into cash from operations. The cash-flow statement records $29.49M of capital expenditures, the investment amount considered after operating cash generation. Relative to operating cash flow, capital expenditures measured 87.6%, connecting investment intensity with the company’s cash-generation base. The combination of operating cash flow and capital spending produced $4.19M of positive free cash flow for the period. Relative to revenue, free cash flow equaled 0.2%, showing how much sales converted into cash after investment. Measured against total assets, free cash flow represented 0.4%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Dec 31, 2024. Analysis generated Oct 21, 2026.