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Forensic Analysis · Durable-Goods Wholesale · as of Nov 10, 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.

D · Weak — demands caution
Forensic grade
Safe
Financial health
2.9
Distress distance
Clean
Earnings quality
1
Forensic signals
-7.2%
ROE
-0.6%
Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Ryerson Holding Corp earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads 2.9, placing it in the Safe zone. 1 forensic signal was flagged in its latest SEC filings, led by return on invested capital.

What the filings flag

-1.4%
FY2025
Return on invested capital. Return on invested capital is -1.4% in the latest fiscal year and slipping across FY2023–FY2025 from 9.1%. After-tax operating profit was $172M in FY2023 and ($24M) in FY2025, with operating income at 4.5% of revenue in FY2023, 0.7% in FY2024 and -0.7% in FY2025. The capital base behind it went from $1.9B in FY2023 to $1.8B in FY2025 (-6%), while the revenue it carried went from $5.1B to $4.6B. FY2024's operating profit carried a $3M restructuring charge that alone took about 0.1 points off that year's return; FY2024 sits between the two ends of FY2023–FY2025, so the charge shapes the path between them without moving the change across it.

Key fundamentals

Latest Revenue$4.57B
Revenue Growth YoY-0.6%
Revenue CAGR (2yr)-5.4%
Net Margin-1.2%
Free Cash Flow$35.5M
Return on Equity-7.2%
Debt / Equity0.61x

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Data from SEC EDGAR public filings · metrics as of Nov 10, 2026. Forensic signals flag probability, not certainty.

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