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← CockpitCompetitor Analysis › RYZ Ryerson Holding CorporationOpen in the cockpit ↗

Ryerson Holding CorporationRYZCompetitor analysis, valuation and peers

United States · USD·Materials›Steel

US metals service center that buys, processes and distributes carbon steel, aluminum and stainless steel to manufacturers.

Momentum strong 60
Mkt cap
$1.43B
US dollars, full cap
Free float
86%
of shares outstanding
$/day
$18.9M
20-day average traded
Fwd P/E
10.6×
forward earnings
ROIC−WACC
-6.9 pp
WACC 9.0%
Hurdle
n/a
no reverse DCF
Next earnings
110 days
24 Feb 2027
Close · USD$27.60
1D+3.8%
1W-11.4%
1M+6.4%
3M-1.4%
6M+1.4%
YTDn/a
1Yn/a
ATR %6.0%
52w lowhigh18.1% off high

What Ryerson does

US metals service center that buys, processes and distributes carbon steel, aluminum and stainless steel to manufacturers.

Buys metal in large lots from mills and sells it in smaller cut-to-order pieces, earning the margin between mill price and what customers pay plus a fee for processing. Profit swings with metal prices because inventory is bought at one price and sold later.

Products and services

  • Carbon steel
  • Aluminum
  • Stainless steel
  • Processing services
  • Alloy steel

Customers

  • Industrial manufacturers
  • Construction
  • Transportation OEMs
  • Oil & gas fabricators

Where it sits in the supply chain

  • Metals
  • Metal distribution
  • Value-added processing (cutting…

What could go right

  • Manufacturing reshoring
  • Infrastructure spending

What could go wrong

  • Steel/aluminum price swings
  • Tariff and trade-policy volatility

Moat: narrow (scale, distribution). Large branch/inventory network and processing shorten fabricator lead times, but the metal itself is a commodity.

Headquarters: Chicago, Illinois · Founded: 1842 · Employees: 4,300

Named competitors

Ryerson at a glance

Size Ryerson (RYZ) is a United States Materials company (Steel) with a market value of $1.43B, the 2029th largest of 3,117 United States companies the cockpit tracks. Shares closed at $27.60 on 6 Nov 2026.

Performance Over six months the shares gained 1.4%, against -26.5% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd highest of 21 in its peer set.

Growth Revenue grew 53.2% over the last twelve months (peer median +3.0%); the operating margin is 1.0% (peer median 3.6%).

Valuation It trades at 10.6× forward earnings against a peer median of 23.4× (cheapest of 12).

Capital Return on invested capital runs 6.9 points below its cost of capital (9.0% WACC).

Short interest Short interest is 3.0% of the free float (15 Oct 2026).

Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026RYZ 105Peer median 74
Six months, rebased to 100: Ryerson against the median of its 20 peers (local-currency closes).

Ryerson financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$6.86B$4.57B$4.60B$5.11B$6.32B
Revenue growth—-1%-10%-19%—
Gross profit$1.19B$768M$818M$1.00B$1.31B
EBITDA$176M$47.5M$104M$280M$639M
Net income$14.1M-$56.4M-$8.60M$146M$391M
Free cash flow-$134M$35.5M$105M$243M$396M
Capital expenditure$70.6M$51.5M$99.6M$122M$105M
Total debt$1.37B$832M$851M$821M$626M

Quarterly statements and history in the cockpit →

Ryerson competitor charts

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.

Performance: 6-month against 1-month return

-40%-20%0%-20%-10%0%002204600507GPILGALLANTT00229000092354511286603995601003SARDAEN601005000761NSLNISP600399002392600782JINDALSAW688239RYZ6-month return →1-month return →
Up and to the right = strong over both horizons. Ryerson is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%50×100×600507GPIL0022900009231286603995601003600399JINDALSAW688239RYZRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Ryerson is the large dot.

Ryerson competitors and peer comparison

Head to head with its named competitors (RYZ vs RS vs RUS.TO vs WS)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Ryerson RYZ$1.43B+1%+53%1%10.6×n/a
Reliance RS$21.2B+13%+25%9%14.9×9.1%
Russel Metals RUS.TO$2.98B+36%+18%5%14.4×8.7%
Worthington Steel WS$1.88B-9%+69%3%9.7×26.5%

How Ryerson compares with its peers

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.

Ryerson against its 20 peers (data as of 6 Nov 2026)
MeasureRYZPeer medianRank in peer set
1-month return+6.4%-8.1%highest of 21
6-month return+1.4%-26.5%3rd highest of 21
Distance from 52-week high-18.1%-42.9%2nd highest of 21
Revenue growth (TTM)+53.2%+3.0%highest of 21
Operating margin1.0%3.6%7th lowest of 21
Forward P/E10.6×23.4×cheapest of 12
ROIC minus cost of capital-6.9 pp-3.0 pp5th lowest of 21
Net debt / EBITDA7.5×0.5×most indebted of 7

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Ryerson RYZUnited States$1.43B+1%+53%1%10.6×n/an/a
Dalian Huarui Heavy Industry 002204.SZChina$1.43B-28%+5%4%n/a-3.8%+13.9%
Fangda Special Steel Technology 600507.SSChina$1.38B-32%+8%3%23.4×n/an/a
Godawari Power & Ispat GPIL.NSIndia$1.49B-31%+8%19%12.5×21.7%+6.3%
Gallantt Ispat GALLANTT.NSIndia$1.36B-38%+6%11%n/a39.6%+16.0%
Suzhou Hesheng Special Material 002290.SZChina$1.51B-50%+1%7%42.2×34.8%+7.1%
HBIS Resources 000923.SZChina$1.33B-19%-5%0%52.4×n/an/a
YODOKO 5451.TJapan$1.31B+1%-2%6%n/a0.3%+6.0%
Impro Precision Industries 1286.HKHong Kong$1.30B-52%+20%18%11.4×-1.6%+11.7%
Yongjin Technology 603995.SSChina$1.28B+22%+11%2%12.1×n/an/a
Liuzhou Iron & Steel 601003.SSChina$1.28B-29%0%1%28.2×-0.3%+4.7%
Sarda Energy & Minerals SARDAEN.NSIndia$1.63B-27%-2%26%n/a10.6%+20.9%
Gansu Jiu Steel Group Hongxing Iron & Steel 600307.SSChina$1.25B-25%-6%-5%n/an/an/a
Chongqing Iron & Steel 601005.SSChina$1.63B-17%-12%-13%n/an/an/a
Bengang Steel Plates 000761.SZChina$1.25B-26%-2%-10%n/an/an/a
NMDC Steel NSLNISP.NSIndia$1.23B-10%+42%3%n/a20.8%+41.6%
Fushun Special Steel 600399.SSChina$1.22B-25%+6%-5%102.8×n/an/a
Beijing Lier High-Temperature Materials 002392.SZChina$1.20B-29%+16%4%14.7×15.4%+10.2%
Xinyu Iron & Steel 600782.SSChina$1.20B-17%-13%-4%n/an/an/a
Jindal Saw JINDALSAW.NSIndia$1.70B+4%-1%6%22.7×17.5%+10.9%
Guizhou Aviation Technical Development 688239.SSChina$1.19B-39%+23%12%26.1×17.7%+25.0%

Questions

Who are Ryerson's main competitors?
Named competitors: Reliance Steel & Aluminum (RS), Olympic Steel (private or unlisted), Russel Metals (RUS.TO), Worthington Steel (WS), A.M. Castle (private or unlisted). The cockpit's measured peer set (industry) also includes Dalian Huarui Heavy Industry (002204.SZ), Fangda Special Steel Technology (600507.SS), Godawari Power & Ispat (GPIL.NS), Gallantt Ispat (GALLANTT.NS), Suzhou Hesheng Special Material (002290.SZ), HBIS Resources (000923.SZ).
Is Ryerson expensive compared with its peers?
On forward p/e it trades at 10.6× against a peer median of 23.4×, cheapest of 12 in its peer set.
How has Ryerson stock performed?
Over six months to 6 Nov 2026 the shares returned +1.4% against -26.5% for the median peer.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.