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Greenwave Technology Solutions vs Ryerson: revenue, profit, margins and growth compared

Greenwave Technology Solutions brought in $46.7M of revenue in fiscal 2025, Ryerson $4.6B in fiscal 2025. Revenue changed by +40.1% at Greenwave Technology Solutions and -0.6% at Ryerson on the year before, so Greenwave Technology Solutions grew faster. Greenwave Technology Solutions kept -46.3% of its revenue as net profit, Ryerson -1.2%.

Side by side, latest fiscal year

GWAVRYZ
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$46.7M$4.6B
Revenue growth+40.1%-0.6%
Net income-$21.6M-$56.4M
Net margin-46.3%-1.2%
Free cash flown/a$35.5M
Free cash flow marginn/a0.8%
Earnings per share (diluted)-$41.21-$1.76
Cash$935.8K$26.9M
Debt$5.8M$1.9M
Price to earningsn/an/a
Market value$2M$1.2B
Dividend yieldn/a3.14%
Rank by revenue in sector#422 of 518 · Industrials#129 of 518 · Industrials

Over the years

Revenue
GWAV FY2018: $19.6KGWAV FY2019: $23.7KGWAV FY2020: $7KGWAV FY2021: $8.1MGWAV FY2022: $34MGWAV FY2023: $35.7MGWAV FY2024: $33.3MGWAV FY2025: $46.7MRYZ FY2018: $4.4BRYZ FY2019: $4.5BRYZ FY2020: $3.5BRYZ FY2021: $5.7BRYZ FY2022: $6.3BRYZ FY2023: $5.1BRYZ FY2024: $4.6BRYZ FY2025: $4.6BFY18FY19FY20FY21FY22FY23FY24FY25
GWAV $46.7MRYZ $4.6B
Net income
GWAV FY2018: -$16MGWAV FY2019: -$34.3MGWAV FY2020: -$14.7MGWAV FY2021: -$1.6MGWAV FY2022: -$35MGWAV FY2023: -$26.9MGWAV FY2024: -$23.9MGWAV FY2025: -$21.6MRYZ FY2018: $106MRYZ FY2019: $82.4MRYZ FY2020: -$65.8MRYZ FY2021: $294.3MRYZ FY2022: $391MRYZ FY2023: $145.7MRYZ FY2024: -$8.6MRYZ FY2025: -$56.4MFY18FY19FY20FY21FY22FY23FY24FY25
GWAV -$21.6MRYZ -$56.4M
Net margin
GWAV FY2018: -81,729.0%GWAV FY2019: -144,576.3%GWAV FY2020: -211,235.8%GWAV FY2021: -20.2%GWAV FY2022: -103.1%GWAV FY2023: -75.5%GWAV FY2024: -71.8%GWAV FY2025: -46.3%RYZ FY2018: 2.4%RYZ FY2019: 1.8%RYZ FY2020: -1.9%RYZ FY2021: 5.2%RYZ FY2022: 6.2%RYZ FY2023: 2.9%RYZ FY2024: -0.2%RYZ FY2025: -1.2%FY18FY19FY20FY21FY22FY23FY24FY25
GWAV -46.3%RYZ -1.2%
Revenue growth
GWAV FY2019: +21.0%GWAV FY2020: -70.6%GWAV FY2021: +116,184.3%GWAV FY2022: +319.6%GWAV FY2023: +5.0%GWAV FY2024: -6.6%GWAV FY2025: +40.1%RYZ FY2019: +2.1%RYZ FY2020: -23.0%RYZ FY2021: +63.7%RYZ FY2022: +11.4%RYZ FY2023: -19.2%RYZ FY2024: -10.0%RYZ FY2025: -0.6%FY19FY20FY21FY22FY23FY24FY25
GWAV +40.1%RYZ -0.6%
Free cash flow
GWAV FY2018: -$6.4MGWAV FY2021: -$2.7MGWAV FY2022: -$8.5MGWAV FY2023: -$3.6MRYZ FY2018: $19MRYZ FY2019: $147.3MRYZ FY2020: $251.9MRYZ FY2021: -$24.3MRYZ FY2022: $396.1MRYZ FY2023: $243.2MRYZ FY2024: $105.3MRYZ FY2025: $35.5MFY18FY19FY20FY21FY22FY23FY24FY25
GWAV -$3.6MRYZ $35.5M

Fiscal years as each company reports them; the two may end in different months.

Questions about Greenwave Technology Solutions and Ryerson

Which is bigger by revenue, Greenwave Technology Solutions or Ryerson?

Ryerson is bigger by revenue: $4.6B in fiscal 2025, against $46.7M for Greenwave Technology Solutions in fiscal 2025.

Which keeps more of its revenue as profit, Greenwave Technology Solutions or Ryerson?

Greenwave Technology Solutions had a net margin of -46.3% in fiscal 2025; Ryerson had -1.2% in fiscal 2025.

Which grew revenue faster, Greenwave Technology Solutions or Ryerson?

In their latest fiscal years revenue changed by +40.1% at Greenwave Technology Solutions and -0.6% at Ryerson.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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