| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 53 | — | 17.8x | Around median | |
Growth | 57 | 31.5% | 7.1% | Around median | |
Quality | 22 | 0.5% | 4.5% | Bottom tier | |
Safety | 32 | 11.2x | 2.6x | Bottom tier | |
Capital Return | 33 | 2.40% | 2.12% | Bottom tier | |
Momentum | 52 | 22.8% | 2.9% | Around median | |
Sentiment | 34 | 2 | 3 | Bottom tier |
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Following its merger with Olympic Steel, Ryerson Holding Corporation operates as a broad metals service center platform in North America, providing metal products, inventory, processing, fabrication, and logistics services to customers across multiple industrial sectors. The company generates revenue from a mix of approximately 40% contract business and 60% transactional business, and aims to increase the transactional share to 55% because its margin exceeds the contract margin by approximately 700 to 800 basis points.
In Q2 of fiscal year 2026, Ryerson recorded record net sales of $2.01 billion, up 28.1% sequentially, with shipped volumes increasing 22.6% and the average selling price rising 4.5%. Gross profit was $355.2 million, while net income was $15.5 million and diluted earnings per share were $0.30, compared with $4.5 million and $0.10 in Q1 of fiscal year 2026.
Gross margin was 17.7% in Q2 of fiscal year 2026, down 70 basis points due to a $15.7 million purchase accounting adjustment; however, adjusted gross margin excluding LIFO and purchase accounting increased to 19.3% from 19.1%. Adjusted earnings before interest, taxes, depreciation, and amortization excluding LIFO were approximately $101 million, including $23.5 million from Olympic Steel, while adjusted net income was $27.6 million and adjusted earnings per share were $0.52.
Automated analysis for informational purposes only — not investment advice.
Analyst consensus on RYZ is neutral, while the stock's 52-week range extends from $19.34 to $32, meaning the upper end is approximately 65% above the lower end and reflects a wide market valuation range. The price-to-earnings multiple does not provide a usable anchor because the latest trailing twelve-month data include a net loss of $32.7 million and negative earnings per share of approximately $0.62, making the realization of merger synergies, improved cash flow, and debt reduction key factors in assessing the investment case.
Figures in the text are as of 2026-09-02; the live price is shown at the top of the page.
Net sales reached $2.01 billion in Q2 of fiscal year 2026, up 28.1% from the previous quarter. Shipped volumes increased 22.6% and average selling prices rose 4.5%, while revenue grew 11.5% on a same-store basis. Improved customer activity, collaboration between Ryerson and Olympic Steel, and demand related to data centers and power generation contributed to this performance.
Q2 of fiscal year 2026 was the first full quarter for the combined company, and Olympic Steel contributed $23.5 million of the total $101 million in adjusted earnings before interest, taxes, depreciation, and amortization excluding LIFO. The combined company achieved approximately $5 million in realized synergies during the quarter. Management expects synergies to rise to $13–14 million in Q3 of fiscal year 2026, equivalent to an annualized run rate of $52–56 million.
Sales related to data centers and power generation represented approximately 7% of Q2 fiscal year 2026 revenue. These sales grew nearly 30% compared with the previous quarter through demand related to power, information technology equipment, cooling, and fabrication. The climate business also achieved double-digit growth in North American same-store volumes, supported by heating, ventilation, and air conditioning customers serving data center projects.
Ryerson expects volumes to decline 3% to 5% compared with Q2 of fiscal year 2026 due to normal seasonal patterns, with average selling prices remaining stable or increasing by up to 2%. The expected revenue range is between $1.87 billion and $1.95 billion, and the adjusted net income range is between $19 million and $21 million. It also expects diluted earnings per share between $0.37 and $0.40 and adjusted earnings before interest, taxes, depreciation, and amortization excluding LIFO between $88 million and $92 million.
Ryerson ended Q2 of fiscal year 2026 with total debt of $955 million and net debt of $913 million, after net debt increased $30 million sequentially. The leverage ratio declined to 4 times from 5.1 times, while global liquidity increased to $757 million from $618 million. Management expects moderating working capital requirements, earnings growth, and synergy realization to help it approach a net leverage ratio of 3 times by the end of fiscal year 2026.
On the July 30, 2026 call, the board of directors declared a quarterly dividend of $0.1875 per share, payable on September 17, 2026 to shareholders of record on September 3, 2026. During Q2 of fiscal year 2026, the company repurchased approximately 39 thousand shares for nearly $800 thousand. The full new $100 million share repurchase authorization remained available through April 2028, with management emphasizing that debt reduction and cash flow generation remain capital allocation priorities.
