Filing Flows › Ryerson Holding (RYZ) › Q1 2026
Ryerson Holding (RYZ) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Ryerson Holding (RYZ) reported revenue of $1.6B for the first quarter 2026 (Q1 2026), +38% from a year earlier and +42% from the quarter before. Operating margin was 1.5%, net earnings $5.0M (0.3% of revenue).
Ryerson Holding, Q1 2026: revenue $1.6B (+38% year over year), operating margin 1.5%, net earnings $5.0M, operating cash flow −$179M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +42% | +38% |
| Gross profit | $289M | +71% | +41% |
| Operating profit | $23.2M | — | +909% |
| Net earnings | $5.0M | — | — |
| Operating cash flow | −$179M | -259% | — |
What changed
Revenue was $1.6B in Q1 2026, up 38% year over year and up 42% from the previous quarter.
Gross margin was 18.4%, up 0.4 points from Q1 2025. Operating profit was $0.02B, a 1.5% margin (up 1.3 points year over year). Of the extra revenue versus Q1 2025, 5% reached operating profit, above the 0% margin then. Operating expenses grew 31% against revenue growth of 38%. Net earnings were $4.5M. The effective tax rate was 62.1%.
Operating cash flow was −$0.18B. Non-cash charges added back $0.02B of depreciation and amortization and $4.9M of share-based compensation. Working capital and other items used $0.21B. Capital expenditures of $0.01B exceeded it, leaving free cash flow of −$0.19B.
Questions
What was Ryerson Holding's revenue in the first quarter 2026?
Ryerson Holding (RYZ) reported revenue of $1.6B for the first quarter 2026 (Q1 2026), +38% from a year earlier and +42% from the quarter before.
Was Ryerson Holding profitable in the first quarter 2026?
Operating profit was $23.2M (1.5% of revenue) and net earnings $5.0M.
Source: Ryerson Holding 10-Q on SEC EDGAR.