Ryerson Holding (RYZ) Cash Flow: Operating & Free Cash Flow

Ryerson Holding (RYZ) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Ryerson Holding generated $87.00M of operating cash flow and spent $51.50M on capital expenditures. That left free cash flow of $35.50M, down 66.3% from $105.30M a year earlier, or 0.8% of revenue. It returned $77.70M to shareholders through $24.10M in dividends and $53.60M in share buybacks.

Ryerson Holding Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Ryerson Holding Corporation (RYZ) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	-55.10	-7.30	146.40	391.00	295.40	-65.80	82.40	106.00	17.10
Depreciation & Amortization	79.70	77.60	62.50	59.00	55.90	53.90	58.40	52.90	47.10
Deferred Income Tax	-20.30	-9.80	16.80	7.40	0.60	-16.60	48.00	7.80	-9.20
Stock Based Compensation	8.70	11.60	13.80	0.00	5.50	0.00	0.00	0.00	0.00
Change in Working Capital	69.40	120.40	138.20	35.60	-347.90	229.30	13.50	-54.80	-64.60
Change in Accounts Receivable	-35.00	40.00	67.90	126.70	-252.50	46.70	92.50	-64.80	-44.00
Change in Inventory	39.50	119.90	28.80	39.90	-227.90	138.90	65.90	-21.40	-42.90
Change in Accounts Payable	77.90	-5.60	24.80	-72.10	123.60	25.80	-78.20	58.40	58.10
Change in Other Working Capital	-0.70	-13.00	-0.40	-58.90	-48.30	17.90	-66.70	-27.00	-35.80
Other Operating Activities	-0.70	0.70	-0.40	8.20	26.10	77.10	-9.20	-54.50	7.10
Net Cash from Operating Activities	87.00	204.90	365.10	501.20	35.00	277.90	193.10	57.40	-2.50
Investing Activities
Capital Expenditures	-51.50	-99.60	-121.90	-105.10	-59.30	-26.00	-45.80	-38.40	-25.10
Acquisitions	2.60	-44.10	-137.80	-49.00	-14.50	0.10	70.40	-164.00	-45.40
Purchases of Investments	0.00	0.00	0.00	-2.00	0.00	0.00	0.00	0.00	0.00
Other Investing Activities	-4.70	-1.10	-2.90	-3.90	1.90	0.00	1.80	2.00	0.20
Net Cash from Investing Activities	-53.60	-142.70	-262.10	-160.00	94.40	-25.90	26.40	-200.40	-70.30
Financing Activities
Debt Repayment	-781.80	-593.40	-640.00	-304.40	-167.80	-277.40	-182.60	87.70	84.60
Common Stock Issued	0.10	0.10	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Common Stock Repurchased	-53.60	-3.70	-113.90	-50.00	-1.80	0.00	0.00	0.00	0.00
Dividends Paid	-24.10	-24.80	-24.80	-19.90	-6.40	0.00	0.00	0.00	0.00
Other Financing Activities	-5.00	-5.00	-3.50	24.20	-7.70	27.20	-1.20	5.40	-18.90
Net Cash from Financing Activities	-36.50	-86.80	-88.30	-350.10	-137.90	-250.20	-183.80	93.10	65.70
Summary
Effect of Forex Changes on Cash	1.60	-1.50	0.20	-3.00	-1.60	0.90	-0.20	-4.30	3.90
Net Change in Cash	-1.50	-26.10	14.90	-11.90	-10.10	2.70	35.50	-54.20	-3.20
Cash at Beginning of Period	29.30	55.40	40.50	52.40	62.50	59.80	24.30	78.50	81.70
Cash at End of Period	27.80	29.30	55.40	40.50	52.40	62.50	59.80	24.30	78.50
Free Cash Flow	35.50	105.30	243.20	396.10	-24.30	251.90	147.30	19.00	-27.60

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Ryerson Holding Cash Flow

What is Ryerson Holding's free cash flow?

Ryerson Holding generated free cash flow of $35.50M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $87.00M minus $51.50M of capital expenditures. That was down 66.3% from $105.30M a year earlier. Free cash flow equaled 0.8% of revenue.

How much does Ryerson Holding spend on capital expenditures?

Ryerson Holding spent $51.50M on capital expenditures in fiscal 2025, compared with $99.60M a year earlier. That equals 59.2% of operating cash flow.

Does Ryerson Holding pay dividends or buy back shares?

Yes. In fiscal 2025 Ryerson Holding returned $24.10M in dividends and $53.60M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition