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Distributes metal products through service centres, plus energy tubular products for oil and gas.
Distributes metal products through service centres, plus energy tubular products for oil and gas.
Buys steel and other metal from mills, holds it in stock, cuts and processes it to order, and sells at a markup, so profit moves with metal prices: inventory bought at one price is sold at another. Its energy business supplies pipe to drillers, tying it to oil and gas drilling activity. Operations span Canada and the US.
Moat: narrow (scale, distribution). Large network of service centres provides local inventory availability and processing that mills alone can't match.
Headquarters: Mississauga, Canada · Employees: 4,275
Size Russel Metals (RUS.TO) is a Canada Industrials company (Wholesale Distributors) with a market value of $2.98B, the 157th largest of 420 Canada companies the cockpit tracks. Shares closed at C$76.17 on 6 Nov 2026.
Performance Over six months the shares gained 35.5%, against -0.4% for the median peer and +5.2% for the Canada market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 18.3% over the last twelve months (peer median +7.9%); the operating margin is 5.0% (peer median 5.0%).
Valuation It trades at 14.4× forward earnings against a peer median of 13.2× (10th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is -3 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.7 points above its cost of capital (7.9% WACC).
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$5.33B | C$4.64B | C$4.26B | C$4.51B | C$5.07B |
| Revenue growth | — | +9% | -5% | -11% | — |
| Gross profit | C$580M | C$511M | C$460M | C$548M | C$693M |
| EBITDA | C$368M | C$325M | C$288M | C$393M | C$546M |
| Net income | C$216M | C$169M | C$161M | C$267M | C$372M |
| Free cash flow | C$190M | C$125M | C$254M | C$403M | C$340M |
| Capital expenditure | C$65.2M | C$74.4M | C$90.2M | C$72.7M | C$41.5M |
| Total debt | C$482M | C$484M | C$197M | C$422M | C$423M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Russel Metals RUS.TO | $2.98B | +36% | +18% | 5% | 14.4× | 8.7% |
| Reliance RS | $21.2B | +13% | +25% | 9% | 14.9× | 9.1% |
| Ryerson RYZ | $1.43B | +1% | +53% | 1% | 10.6× | n/a |
| Worthington Steel WS | $1.88B | -9% | +69% | 3% | 9.7× | 26.5% |
| DNOW DNOW | $2.40B | +2% | +70% | -3% | 23.6× | 9.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | RUS.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -13.7% | -5.0% | 6th lowest of 21 |
| 6-month return | +35.5% | -0.4% | 2nd highest of 21 |
| Distance from 52-week high | -20.6% | -21.1% | 10th highest of 21 |
| Revenue growth (TTM) | +18.3% | +7.9% | 7th highest of 21 |
| Operating margin | 5.0% | 5.0% | 11th highest of 21 |
| Forward P/E | 14.4× | 13.2× | 10th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | 8.7% | 4.5% | 6th most demanding of 19 |
| Growth delivered (Del g) | +11.5% | +8.8% | 5th highest of 19 |
| Hurdle (Req g minus delivered) | -2.9 pp | -3.0 pp | 10th least demanding of 19 |
| ROIC minus cost of capital | +1.7 pp | +0.3 pp | 7th highest of 21 |
| EV / EBITDA | 12.3× | 8.9× | 3rd most expensive of 12 |
| Net debt / EBITDA | 0.9× | 1.9× | 5th least indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Russel Metals RUS.TO | Canada | $2.98B | +36% | +18% | 5% | 14.4× | 8.7% | +11.5% |
| Nagase & 8012.T | Japan | $2.96B | -9% | +8% | 5% | 10.9× | 3.5% | +3.2% |
| Inchcape INCH.L | United Kingdom | $2.87B | -21% | +7% | 6% | 7.5× | -6.0% | +5.9% |
| Jiangsu Azure 002245.SZ | China | $2.82B | -21% | +27% | 12% | 14.6× | 11.8% | +13.8% |
| Marco Polo 001386.SZ | China | $2.80B | -15% | -12% | 21% | n/a | -7.2% | -5.5% |
| Macnica 3132.T | Japan | $3.23B | +8% | +35% | 4% | 11.8× | n/a | n/a |
| IWATANI 8088.T | Japan | $2.73B | -4% | +5% | 5% | 7.6× | 4.3% | +10.1% |
| Xinhua Winshare Publishing & Media 0811.HK | Hong Kong | $2.60B | -15% | +1% | 7% | 6.6× | -10.6% | +4.7% |
| Workman 7564.T | Japan | $2.57B | -31% | +21% | 19% | 17.1× | 4.6% | +8.7% |
| Bufab BUFAB.ST | Sweden | $2.55B | +16% | +8% | 13% | 29.2× | 18.7% | +11.2% |
| Boise Cascade BCC | United States | $2.44B | -1% | +1% | 3% | 24.1× | 7.7% | +3.2% |
| DNOW DNOW | United States | $2.40B | +2% | +70% | -3% | 23.6× | 9.8% | +11.7% |
| Farsoon Technologies 688433.SS | China | $3.76B | -24% | +52% | 5% | 234.8× | n/a | n/a |
| OEM International OEM-B.ST | Sweden | $2.34B | +11% | +11% | 15% | 29.9× | 14.6% | +10.1% |
| Wuchan Zhongda 600704.SS | China | $3.86B | 0% | +3% | 1% | 7.2× | -2.5% | +8.1% |
| Gibson Energy GEI.TO | Canada | $3.87B | +13% | +26% | 3% | 19.5× | 6.4% | +16.7% |
| Hanwa 8078.T | Japan | $2.29B | +7% | +6% | 2% | 7.8× | -4.2% | +8.8% |
| DXP Enterprises DXPE | United States | $2.18B | -10% | +11% | 9% | 20.7× | 6.6% | +14.9% |
| Rubis SCA RUI.PA | France | $4.10B | 0% | +11% | 7% | 10.3× | 3.1% | +10.9% |
| Shanghai Xinhua Media 600825.SS | China | $2.03B | +118% | +1% | -1% | n/a | 44.5% | +2.3% |
| Currys CURY.L | United Kingdom | $1.97B | +16% | +6% | 2% | 10.4× | 4.3% | -2.2% |