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Reliance vs Ryerson: revenue, profit, margins and growth compared

Reliance brought in $14.3B of revenue in fiscal 2025, Ryerson $4.6B in fiscal 2025. Revenue changed by +3.3% at Reliance and -0.6% at Ryerson on the year before, so Reliance grew faster. Reliance kept 5.2% of its revenue as net profit, Ryerson -1.2%. Free cash flow was $502.5M at Reliance and $35.5M at Ryerson.

Side by side, latest fiscal year

RSRYZ
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$14.3B$4.6B
Revenue growth+3.3%-0.6%
Net income$739.4M-$56.4M
Net margin5.2%-1.2%
Free cash flow$502.5M$35.5M
Free cash flow margin3.5%0.8%
Earnings per share (diluted)$13.98-$1.76
Cash$216.6M$26.9M
Debt$1.4B$1.9M
Price to earnings27.7n/a
Market value$19.8B$1.2B
Dividend yield1.24%3.14%
Rank by revenue in sector#45 of 451 · Industrials#129 of 451 · Industrials

Over the years

Revenue
RS FY2018: $11.5BRS FY2019: $11BRS FY2020: $8.8BRS FY2021: $14.1BRS FY2022: $17BRS FY2023: $14.8BRS FY2024: $13.8BRS FY2025: $14.3BRYZ FY2018: $4.4BRYZ FY2019: $4.5BRYZ FY2020: $3.5BRYZ FY2021: $5.7BRYZ FY2022: $6.3BRYZ FY2023: $5.1BRYZ FY2024: $4.6BRYZ FY2025: $4.6BFY18FY19FY20FY21FY22FY23FY24FY25
RS $14.3BRYZ $4.6B
Net income
RS FY2018: $633.7MRS FY2019: $701.5MRS FY2020: $369.1MRS FY2021: $1.4BRS FY2022: $1.8BRS FY2023: $1.3BRS FY2024: $875.2MRS FY2025: $739.4MRYZ FY2018: $106MRYZ FY2019: $82.4MRYZ FY2020: -$65.8MRYZ FY2021: $294.3MRYZ FY2022: $391MRYZ FY2023: $145.7MRYZ FY2024: -$8.6MRYZ FY2025: -$56.4MFY18FY19FY20FY21FY22FY23FY24FY25
RS $739.4MRYZ -$56.4M
Net margin
RS FY2018: 5.5%RS FY2019: 6.4%RS FY2020: 4.2%RS FY2021: 10.0%RS FY2022: 10.8%RS FY2023: 9.0%RS FY2024: 6.3%RS FY2025: 5.2%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
RS 5.2%RYZ -1.2%
Revenue growth
RS FY2019: -4.9%RS FY2020: -19.7%RS FY2021: +59.9%RS FY2022: +20.8%RS FY2023: -13.0%RS FY2024: -6.6%RS FY2025: +3.3%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
RS +3.3%RYZ -0.6%
Free cash flow
RS FY2018: $424.7MRS FY2019: $1.1BRS FY2020: $1BRS FY2021: $562.8MRS FY2022: $1.8BRS FY2023: $1.2BRS FY2024: $999.2MRS FY2025: $502.5MRYZ FY2018: $19MRYZ FY2019: $147.3MRYZ FY2020: $251.9MRYZ FY2021: -$24.3MRYZ FY2022: $396.1MRYZ FY2023: $243.2MRYZ FY2024: $105.3MRYZ FY2025: $35.5MFY18FY19FY20FY21FY22FY23FY24FY25
RS $502.5MRYZ $35.5M

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

Questions about Reliance and Ryerson

Which is bigger by revenue, Reliance or Ryerson?

Reliance is bigger by revenue: $14.3B in fiscal 2025, against $4.6B for Ryerson in fiscal 2025.

Which keeps more of its revenue as profit, Reliance or Ryerson?

Reliance had a net margin of 5.2% in fiscal 2025; Ryerson had -1.2% in fiscal 2025.

Which grew revenue faster, Reliance or Ryerson?

In their latest fiscal years revenue changed by +3.3% at Reliance 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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