Forensic Analysis · General / Diversified · as of Jun 27, 2026
Ryerson Holding Corp (RYZ)
A forensic read on Ryerson Holding Corp built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Safe
Financial health
2.9
Altman Z-score
Clean
Earnings quality
3
Forensic signals
-5.1%
ROE
$1.4B
Market cap
2.75%
Dividend yield
Ryerson Holding Corp earns a C (Mixed — selective) forensic quality grade, and its Altman Z-score is 2.9, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-1%Return on invested capital.Return on invested capital is -1% and slipping from 26% — well below its ~9% cost of capital, so reinvested dollars may be destroying value, not building it.
0% of revStock-based comp load.Stock-based compensation ran 0% of revenue and 25% of free cash flow in FY2025 — about $0.27 per diluted share. Meaningful — reported free cash flow flatters the economics, since SBC is a real cost paid in shares.
-84%Dividend — cut.The payout was CUT ~84% in FY2012 (from FY2010). It still returns some cash, but it is NOT the dependable, rising dividend an unbroken streak implies — weigh the cut when judging reliability.
Key fundamentals
Net Margin-1.2%
Debt / Equity0.81x
Free Cash Flow$35.5M
Latest Revenue$4.57B
Return on Equity-7.5%
Revenue Growth YoY-0.6%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on Ryerson Holding Corp:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about RYZ's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown