RYZRyerson Holding Corp
Wholesale-Metals Service Centers & Of Fices
- Revenue
- $4.6B
- 0.6% YoY
- Operating margin
- -0.7%
- 198% YoY
- EBITDA
- $49M
- 55% YoY
- Market cap
- $1.6B
- Employees
- 4,300
- $1M revenue each
- Net debt / EBITDA
- 19.7×
- $966M net debt
- AI in 10-K
- 1.2
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 1 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo—Cash flow under 80% of net income
- Dilutive SBCNo0% of revenueOver 10% of revenue
- Payouts exceed cash flowNo28% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo4% of assetsOver 40% of assets
- Shareholder dissentYes64% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$1M · 61st pctBottom quartile of its SIC industry
- Quiet on AINo1.2 per 10K words · 39th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo19.7× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedYes$1.6B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$2M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $5.7B | $6.3B | $5.1B | $4.6B | $4.6B | 0.6% |
| Operating income | $545M | $579M | $228M | $32M | −$31M | 198% |
| Net income | $294M | $391M | $146M | −$9M | −$56M | 556% |
| Operating cash flow | $35M | $501M | $365M | $205M | $87M | 58% |
| Capex | $59M | $105M | $122M | $100M | $52M | 48% |
| Stock-based comp | $6M | $9M | $14M | $12M | $9M | 25% |
| Buybacks | $2M | $50M | $114M | $51M | $0 | 100% |
| Dividends | $6M | $20M | $25M | $25M | $24M | 2.8% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $2M · 8
- Net
- −$2M
Pay vs performance
No pay-versus-performance disclosure yet.