Ryerson Holding
RYZ on NYSE. Metals service centers & of fices. Market value $1.4bn.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Industrials stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $2.58 of spare cash last year. A savings account pays about $4.
You pay 122.5 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 14 cents a year. Above 10 is good.
Quality score: 61 of 100. Price score: 14 of 100. Our list needs 70 on quality and 60 on price.
$26.55 a share, 37% above its 1-year low
Over the past year the price has ranged from $19.34 to $32.00.
Dividend: 1.7% a year
Paid every year for at least 5 years
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $5.7bn | $6.3bn | $5.1bn | $4.6bn | $4.6bn |
| Operating margin | |||||
| Operating margin | 9.6% | 9.2% | 4.5% | 0.7% | -0.7% |
| Debt to equity | |||||
| Debt to equity | 1.19 | 0.41 | 0.48 | 0.57 | 0.61 |
| Shares outstanding | |||||
| Shares outstanding | 0.04bn | 0.03bn | 0.03bn | 0.03bn | 0.05bn |
Health checks
- Free cash flow positive4 of 5 years
- Accounting looks honest (Beneish)Nothing unusual
- Financial strength (Piotroski)4 of 8 checks we could run
- Profit backed by cash (accruals)Yes
- Debt0.61× equity
- Revenue growth, five yearsSlow, 0.3% a year
- Buying back its own sharesNo, 40% more shares since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $2 billion last quarter, up 72% on a year ago.
- Profit: $16 million, up 716% on a year ago.
- It keeps 0 cents of each $1 of sales as operating profit, about the same as a year earlier.
- 63% more shares than a year ago. Each share owns a bit less of the company.
- Debt is $913 million more than cash, up from $479 million a year ago.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $1.1bn |
| December 2024 | $1.0bn |
| March 2025 | $1.1bn |
| June 2025 | $1.2bn |
| September 2025 | $1.2bn |
| December 2025 | $1.1bn |
| March 2026 | $1.6bn |
| June 2026 | $2.0bn |
| Quarter to | Amount |
|---|---|
| September 2024 | -$7m |
| December 2024 | -$4m |
| March 2025 | -$6m |
| June 2025 | $2m |
| September 2025 | -$15m |
| December 2025 | -$38m |
| March 2026 | $5m |
| June 2026 | $16m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 23 February 2026
- Next quarterly (estimated, 10-Q)
- 28 October 2026
Who owns it
2 long-term investors we follow own it, unchanged from 2 last quarter. 200 funds in all.
- Donald Smith & Co.Jon Hartsel
- Value
- $49m
- Share of fund
- 0.9%
- Aegis FinancialScott Barbee
- Value
- $27m
- Share of fund
- 4.3%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Donald Smith & Co.Jon Hartsel | $49m | 0.9% | |
| Aegis FinancialScott Barbee | $27m | 4.3% |
Largest holders overall
- BlackRock$120mAdded
- Platinum Equity Advisors$97m
- Franklin Resources$93mAdded
- JB Capital Partners LP$70m
- Dimensional Fund Advisors LP$66mCut
- State Street$54mCut
- Donald Smith & Co.$49m
- Vanguard Capital Management$48m
- American Century Companies$46mCut
- Frontier Capital Management$41mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
6 investors own more than 5%.
- Franklin Resources, Inc.Passive investorat least 7.3%+1.4 pts(filed with 3 related holders)Since 30 June 2026
- Alan W. WeberPassive investorat least 7.3%+0.6 pts(filed with 1 related holder)Since 31 December 2025
- BlackRock, Inc.Passive investor6.6%−1.9 ptsSince 31 March 2026
- Dimensional Fund Advisors LPPassive investor5.2%Since 30 June 2026
- Donald Smith & Co.Passive investorat least 3.8%−2.1 pts(filed with 1 related holder)Since 31 March 2026
- Platinum Equity, LLCPassive investorat least 3.7%(filed with 7 related holders)Since 30 June 2026
- Franklin Mutual Advisers, LLCPassive investorSold down below 5%Since 31 March 2026
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
Franklin Resources, Inc. Passive investor | at least 7.3%+1.4 pts (filed with 3 related holders) | 30 June 2026 | |
Alan W. Weber Passive investor | at least 7.3%+0.6 pts (filed with 1 related holder) | 31 December 2025 | |
BlackRock, Inc. Passive investor | 6.6%−1.9 pts | 31 March 2026 | |
Dimensional Fund Advisors LP Passive investor | 5.2% | 30 June 2026 | |
Donald Smith & Co. Passive investor | at least 3.8%−2.1 pts (filed with 1 related holder) | 31 March 2026 | |
Platinum Equity, LLC Passive investor | at least 3.7% (filed with 7 related holders) | 30 June 2026 | |
Franklin Mutual Advisers, LLC Passive investor | Sold down below 5% | 31 March 2026 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 4 sold $2m, $2m of it under preset trading plans.
- Kannan Molly DCAO & Corporate ControllerSoldunder a preset trading plan
- Date
- 28 July 2026
- Shares
- 500
- Price
- $32.00
- Value
- $16,000
- Kannan Molly DCAO & Corporate ControllerSoldunder a preset trading plan
- Date
- 11 June 2026
- Shares
- 1,000
- Price
- $30.00
- Value
- $30,000
- Kannan Molly DCAO & Corporate ControllerSoldunder a preset trading plan
- Date
- 29 May 2026
- Shares
- 3,000
- Price
- $28.42
- Value
- $85,260
- Silver Mark S.EVP, Chief Legal/Risk OfficerSold
- Date
- 28 May 2026
- Shares
- 11,174
- Price
- $27.91
- Value
- $311,866
- Kannan Molly DCAO & Corporate ControllerSold
- Date
- 13 May 2026
- Shares
- 2,500
- Price
- $26.18
- Value
- $65,450
- Claussen James JExecutive Vice President & CFOSoldunder a preset trading plan
- Date
- 3 February 2026
- Shares
- 4,972
- Price
- $30.00
- Value
- $149,160
- Lehner Edward J.President & CEO, DirectorSoldunder a preset trading plan
- Date
- 22 January 2026
- Shares
- 59,001
- Price
- $30.06
- Value
- $2m
- Lehner Edward J.President & CEO, DirectorSoldunder a preset trading plan
- Date
- 21 January 2026
- Shares
- 1,000
- Price
- $30.01
- Value
- $30,010
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 28 July 2026 | Kannan Molly D CAO & Corporate Controller | Sold under a preset trading plan | 500 | $32.00 | $16,000 |
| 11 June 2026 | Kannan Molly D CAO & Corporate Controller | Sold under a preset trading plan | 1,000 | $30.00 | $30,000 |
| 29 May 2026 | Kannan Molly D CAO & Corporate Controller | Sold under a preset trading plan | 3,000 | $28.42 | $85,260 |
| 28 May 2026 | Silver Mark S. EVP, Chief Legal/Risk Officer | Sold | 11,174 | $27.91 | $311,866 |
| 13 May 2026 | Kannan Molly D CAO & Corporate Controller | Sold | 2,500 | $26.18 | $65,450 |
| 3 February 2026 | Claussen James J Executive Vice President & CFO | Sold under a preset trading plan | 4,972 | $30.00 | $149,160 |
| 22 January 2026 | Lehner Edward J. President & CEO, Director | Sold under a preset trading plan | 59,001 | $30.06 | $2m |
| 21 January 2026 | Lehner Edward J. President & CEO, Director | Sold under a preset trading plan | 1,000 | $30.01 | $30,010 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
- Sales have barely grown: 0.3% a year.
- It isn't cheap on profits: 122.5× operating profit.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.