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Ryerson Holding (RYZ) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 28, 2026 · Ryerson Holding (RYZ) Q3 2026 earnings results →

Q3 2026 Revenue up 88% year over year to $2.2B · 1¢ of every $1 of revenue kept as net profit · operating margin 2.4%

Ryerson Holding made $2.2B in Q3 2026 (+88% Y/Y). Operating margin 2.4%, net earnings $32.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 28, 2026.

Revenue$2.2B
Year over year+88%
Operating margin2.4%
Net earnings$32.5M
Operating cash flow−$18.2M

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Ryerson Holding Q3 2026 revenue breakdown: Sankey diagram of revenue, costs, profit and cash flow
Ryerson Holding Q3 2026 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $2.2B in Q3 2026, up 87% year over year and up 9% from the previous quarter.

Gross margin was 17.2%, unchanged from Q3 2025. Operating profit was $0.05B, a 2.4% margin (up 2.5 points year over year). Operating expenses grew 61% against revenue growth of 87%. Net earnings were $0.03B. The effective tax rate was 10.7%.

Operating cash flow was −$0.02B. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.09B. Capital expenditures of $0.02B exceeded it, leaving free cash flow of −$0.04B.

Quarterly history

Ryerson Holding revenue by quarterRyerson Holding revenue by quarter$1.1BQ1 2025$1.2BQ2 2025$1.2BQ3 2025$1.1BQ4 2025$1.6BQ1 2026$2.0BQ2 2026$2.2BQ3 2026
Ryerson Holding net earnings by quarterRyerson Holding net earnings by quarter−$5.3MQ1 2025$2.1MQ2 2025−$14.4MQ3 2025−$37.5MQ4 2025$5.0MQ1 2026$16.0MQ2 2026$32.5MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 28, 2026$2.2B+88%2.4%$32.5M−$18.2M
Q2 202610-QJul 29, 2026$2.0B+72%1.7%$16.0M$21.4M
Q1 202610-QMay 6, 2026$1.6B+38%1.5%$5.0M−$179M
Q4 202510-KFeb 23, 2026$1.1B+10%-3.4%−$37.5M$113M
Q3 202510-QOct 28, 2025$1.2B+3%-0.1%−$14.4M−$8.3M
Q2 202510-QJul 29, 2025$1.2B-5%0.5%$2.1M$23.8M
Q1 202510-QApr 30, 2025$1.1B-8%0.2%−$5.3M−$41.2M

Charts

Ryerson Holding: revenue growth, year over year and quarter over quarterRyerson Holding: revenue growth, year over year and quarter over quarterY/YQ/Q-8%Q1 2025-5%+3%Q2 2025+3%-1%Q3 2025+10%-5%Q4 2025+38%+42%Q1 2026+72%+28%Q2 2026+88%+9%Q3 2026
Latest (Q3 2026): Y/Y +88%, Q/Q +9%.
Ryerson Holding: where the cash came from (+) and went (−), TTM to Q3 2026Ryerson Holding: where the cash came from (+) and went (−), TTM to Q3 2026Net borrowing (+) / repaid (−)$509MOther investing−$269MOperating cash flow−$111MCapital spending−$70.6MDividends−$35.3MOther financing−$16.4MCash drawn (+) / kept (−)−$11.5MAsset & business sales$5.5MTaxes on employees’ shares−$1.4MExchange rates$900K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Ryerson Holding: profit against cash, quarter by quarterRyerson Holding: profit against cash, quarter by quarterNet incomeOperating cash flow−$4.2M$92.2MQ4 2024−$5.3M−$41.2MQ1 2025$2.1M$38.8MQ2 2025−$14.4M$24.7MQ3 2025−$37.5M$64.7MQ4 2025$5.0M−$179MQ1 2026$16.0M$21.4MQ2 2026$32.5M−$18.2MQ3 2026
Latest (Q3 2026): Net income $32.5M, Operating cash flow −$18.2M.
Ryerson Holding: diluted shares by fiscal yearRyerson Holding: diluted shares by fiscal year38MFY202039MFY202138MFY202236MFY202333MFY202432MFY2025
-15.5% since FY2020: buybacks shrank the count.
Ryerson Holding in its industry: growth against margin (4 companies, SIC 5051)Ryerson Holding in its industry: growth against margin (4 companies, SIC 5051)revenue growth, year over year →↑ operating marginmedian +46%median 6%RSFSTRGWAVRYZ (+88%, 2%)
Wholesale-Metals Service Centers & of fices; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Ryerson Holding

Ryerson is a leading value-added processor and distributor of industrial metals, with operations in the United States, Canada, Mexico, and China. Founded in 1842, Ryerson, together with Olympic Steel, has approximately 6,500 employees and approximately 150 locations. Visit Ryerson at www.ryerson.com .

In its own words, from its 8-K, filed Jul 29, 2026.

Ryerson Holding against its Wholesale-Metals Service Centers & of fices peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +88% against the peers' median +46%. Operating margin: 2.4% against the peers' median 6.0%.

CompanyQuarterRevenueY/YOp. margin
RYZ Ryerson HoldingQ3 2026$2.2B+88%2.4%
RS RelianceQ3 2026$5.2B+43%10.6%
FSTR Foster L BQ3 2026$168M+22%6.0%
GWAV Greenwave Technology SolutionsQ2 2026$16.0M+46%-17.8%

Source: Ryerson Holding 10-Q on SEC EDGAR · CIK 1481582 · Wholesale-Metals Service Centers & of fices

Guidance and outlook

Ryerson Holding Revenue: guidance against what was reportedRyerson Holding Revenue: guidance against what was reportedguided rangereported (above / within / below)Q2 2026$2.0BQ3 2026$2.2BQ4 2026
Met or beat 2 of 2 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.

13F: who owns RYZ and who is buying

Largest holders of RYZ (13F)Largest holders of RYZ (13F)BlackRock$120MFranklin Resources$93.3MJB Capital Partners LP$69.9MDimensional Fund Advisors LP$66.4MState Street$54.3MVanguard Capital Management LLC$48.2MAmerican Century Companies$45.8MVanguard Group$43.0MFrontier Capital Management Co LLC$41.4MMirae Asset Global ETFS Holdings$33.7M
Funds' net buying of RYZ by quarter (13F)Funds' net buying of RYZ by quarter (13F)−$10.8M2024-09−$5.3M2024-12$24.2M2025-03−$4.7M2025-06−$1.9M2025-09$23.0M2025-12$21.2M2026-03$13.3M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on RYZ

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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