NYSE$RYZ

Ryerson Holding Corporation · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Ryerson reported Q4 2025, revenue of $1.10B, net loss of $14.8M.

For Q4 2025, Ryerson reported revenue of $1.10B, a net loss of $14.8M. Management discusses operating trends, capital allocation, and outlook in the earnings release or periodic filing.

  • Revenue $1.10B.
  • Net loss $14.8M.
  • Ryerson highlights liquidity, costs, and 2026 priorities.

Headline financials

Total Revenue

$1.1B

Previous: $1.01B+9.2%
EPS (adj)

-$1.01

Previous: -$0.14-621.4%
Tons shipped

461.0K

Previous: 447.0K+3.1%
Average selling price/ton

$2.4K

Previous: $2.25K+6.3%
Gross margin

15.3%

Previous: 19.0%-19.5%
Gross margin, excl. LIFO

17.3%

Previous: 16.4%+5.5%
Adj. EBITDA, excl. LIFO

$20.4M

Previous: $10.3M+98.1%
Adj. EBITDA, excl. LIFO margin

1.8%

Previous: 1.0%+80.0%
Total debt

$463M

Previous: $467M-0.9%
Net debt

$436M

Previous: $440M-0.8%
Net debt / LTM Adj. EBITDA, excl. LIFO

3.1

Previous: 3.9-20.5%
Cash conversion cycle (days)

68.3

Previous: 78.6-13.1%
LIFO expense

$22.5M

Previous: -$25.4M+188.6%
Net Income

-$14.8M

Previous: -$4.3M-244.2%
Operating Income

-$37.9M

Previous: $2.6M-1557.7%
Gross Profit

$169M

Previous: $191M-11.6%

Revenue & EPS history

Ryerson · Revenue · Quarterly

$1.1B

Q4 2025+9.2%vs Q4 2024
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Ryerson · $1.22B total across 3 segments · Q3 2023

  • Carbon Steel
    $647M
  • Stainless Steel
    $304M
  • Aluminum
    $273M

Forward guidance

The filing outlines Ryerson's outlook, including operating priorities, capital allocation, and key risks, with specific numeric guidance where management provided it.

Tailwinds

  • Ryerson cites execution on growth initiatives and balance-sheet flexibility.
  • Management emphasizes capital returns and operational priorities in the filing.

Headwinds

  • GAAP profitability remained under pressure in Q4 2025.
  • Macro, pricing, and competitive pressure may affect margins.
  • One-time items and segment mix can affect quarter-to-quarter comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

-1.6%

Avg return

Earnings day

-3.0%

Avg return

5 days after

+2.3%

Avg return

30 days after

40%

19 / 47 earnings

Positive

+35.2%

Q1 2015

Best reaction

-26.6%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.5%-15.3%-4.0%
Q4 2025+17.5%-6.7%-20.7%
Q3 2025-6.6%-11.2%-2.8%
Q1 2025-14.8%-9.6%-11.2%
Q4 2024+5.9%+12.7%-0.3%
Q3 2024-2.7%-5.0%+12.7%
Q2 2024-5.9%-19.4%-21.2%
Q1 2024-19.4%-25.7%-24.8%
Q4 2023-6.2%+1.4%+11.0%
Q3 2023+6.6%+6.3%+11.9%
Q2 2023-15.0%-28.1%-27.4%
Q1 2023+1.9%-8.7%-10.0%
Q4 2022-3.9%-8.5%-10.9%
Q3 2022-26.6%-21.4%-8.7%
Q2 2022-1.2%-1.8%+5.6%
Q1 2022-11.6%-14.7%-19.4%
Q4 2021-8.1%+7.5%+57.8%
Q3 2021+1.8%+9.6%-9.8%
Q2 2021+18.6%+24.9%+55.6%
Q1 2021+3.9%+2.3%+0.8%
Q4 2020-15.0%-11.7%+13.0%
Q3 2020+12.1%+13.9%+56.8%
Q2 2020+2.4%-1.4%-2.6%
Q1 2020+2.5%+1.8%+45.8%
Q4 2019+7.9%-6.8%-50.3%
Q3 2019-3.8%+1.6%+20.1%
Q2 2019-7.4%-9.7%-8.3%
Q1 2019+13.3%+25.0%-10.8%
Q4 2018-7.0%+1.7%+12.7%
Q3 2018-6.4%+1.1%-10.8%
Q2 2018-6.9%+0.0%-10.0%
Q1 2018+11.7%+17.9%+29.6%
Q4 2017-8.8%-3.4%-18.6%
Q3 2017-0.6%-0.6%+2.8%
Q2 2017-0.6%-4.1%+0.6%
Q1 2017-20.9%-25.5%-34.2%
Q4 2016+8.9%+24.1%+31.9%
Q3 2016-14.9%-9.5%+46.8%
Q2 2016-10.7%-20.2%-10.8%
Q1 2016+8.4%
Q4 2015-5.5%
Q3 2015-5.4%
Q2 2015+12.6%
Q1 2015+35.2%
Q4 2014+3.0%
Q3 2014-16.9%
Q4 2013-0.4%
Q1 2014
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2011
Q4 2010
Q3 2010
Q2 2010
Q1 2010

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