Filing Flows › Ryerson Holding (RYZ) › Q4 2025
Ryerson Holding (RYZ) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 23, 2026
Ryerson Holding (RYZ) reported revenue of $1.1B for the fourth quarter 2025 (Q4 2025), +10% from a year earlier and -5% from the quarter before. Operating margin was -3.4%, net loss $37.5M (3.4% of revenue).
Ryerson Holding, Q4 2025: revenue $1.1B (+10% year over year), operating margin -3.4%, net loss $37.5M, operating cash flow $113M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | -5% | +10% |
| Operating profit | −$37.9M | — | — |
| Net earnings | −$37.5M | — | — |
| Operating cash flow | $113M | — | +22% |
| Free cash flow | $91.9M | — | +33% |
What changed
Revenue was $1.1B in Q4 2025, up 10% year over year and down 5% from the previous quarter.
Gross margin was 15.3%, down 3.7 points from a year earlier. Operating costs exceeded revenue by $0.04B, an operating margin of -3.4%. Operating expenses grew 10% against revenue growth of 10%. The quarter ended with a net loss of $0.04B, wider than the previous quarter's $0.01B loss.
Operating cash flow was $0.11B (up 22% year over year). Non-cash charges added back $0.02B of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items added $0.13B. After capital expenditures ($0.02B), free cash flow as the company reports it was $0.09B.
Questions
What was Ryerson Holding's revenue in the fourth quarter 2025?
Ryerson Holding (RYZ) reported revenue of $1.1B for the fourth quarter 2025 (Q4 2025), +10% from a year earlier and -5% from the quarter before.
Was Ryerson Holding profitable in the fourth quarter 2025?
Operating loss was $37.9M (-3.4% of revenue) and net loss $37.5M.
Source: Ryerson Holding 10-K on SEC EDGAR.