Ryerson Holding cash flow, quarter by quarter

In Q3 2026, Ryerson Holding generated −$18.2M of operating cash flow and spent $21.3M on capital projects, leaving free cash flow of −$39.5M. That is $51.4M less than in Q3 2025 ($11.9M).

Over the twelve months to Sep 30, 2026, operating cash flow was −$111M; the largest uses were other investing ($269M), operating cash flow ($111M), capital spending ($70.6M); besides operations, cash came from net borrowing (+) / repaid (−) ($509M), asset & business sales ($5.5M); the cash balance rose by $11.5M.

Operating cash flow was −$18.2M against net income of $32.5M — -0.6× profit, less cash than reported earnings, worth checking against working capital. The largest differences: inventory −$105M, receivables −$91.8M, payables +$74.6M.

Its cash conversion cycle was 62 days (receivables 41 + inventory 64 − payables 43).

Ryerson Holding is burning cash: its operations consume cash, a free cash flow of −$182M a year at the current rate against $40.5M of cash and investments: a runway of about 3 months; $1.0M of debt also comes due within a year, which would need refinancing or new money before any new financing.