Filing Flows › Ryerson Holding (RYZ) › Q2 2026 › vs Q1 2026
Ryerson Holding (RYZ) Q2 2026 vs Q1 2026 (quarter over quarter)
Ryerson Holding's revenue rose $440M (+28%) from $1.6B in Q1 2026 to $2.0B in Q2 2026. Gross margin 17.7% against 18.4% (-0.7 pts).
Ryerson Holding, Q2 2026: revenue $2.0B (+72% year over year), operating margin 1.7%, net earnings $16.0M, operating cash flow $21.4M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 17.7% | 18.4% | -0.7 pts |
| Operating margin | 1.7% | 1.5% | +0.2 pts |
| Net margin | 0.8% | 0.3% | +0.5 pts |
| Free cash flow margin | 0.3% | -12.2% | +12.5 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $2.0B | $1.6B | $440M | +28% |
| Gross profit | $355M | $289M | $66.4M | +23% |
| Cost of revenue | $1.7B | $1.3B | $373M | +29% |
| Operating profit | $34.4M | $23.2M | $11.2M | +48% |
| Operating expenses | $321M | $266M | $55.2M | +21% |
| Pre-tax earnings | $22.0M | $13.2M | $8.8M | +67% |
| Other expense, net | $12.4M | $10.0M | $2.4M | +24% |
| Net earnings | $16.0M | $5.0M | $11.0M | +220% |
| Income tax | $6.0M | $8.2M | −$2.2M | -27% |
| Operating cash sources | $51.2M | $33.3M | $17.9M | +54% |
| Depreciation & amortization | $31.7M | $23.4M | $8.3M | +35% |
| Share-based compensation | $3.5M | $4.9M | −$1.4M | -29% |
| Working capital & other | $29.8M | $212M | −$183M | -86% |
| Operating cash flow | $21.4M | −$179M | $201M | — |
| Free cash flow (OCF − capex) | $5.1M | −$191M | $196M | — |
| Capital expenditures | $16.3M | $12.2M | $4.1M | +34% |
Questions
How much did Ryerson Holding's revenue grow quarter over quarter in Q2 2026?
Ryerson Holding's revenue rose $440M (+28%) from $1.6B in Q1 2026 to $2.0B in Q2 2026. Gross margin 17.7% against 18.4% (-0.7 pts).