Ryerson Holding Corporation — Earnings Quality Grade F
RYZ · Industrials
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 37 days, change +3 days YoY
AR outpaced revenue for 2 consecutive years
Revenue -0.6%, CFFO -57.5%. Cash follows revenue
Expense Quality
Inventory -5.3% vs COGS 0.7%. Normal
CapEx growth -48.3% vs revenue -0.6%. Normal
SG&A/Gross Profit = 103.5%, exceeds 70%
Gross margin 17.1%, change -1.0pp. Stable
Cash Flow Quality
CFFO/NI = -1.54. Below 1.0
FCF $0.0B, FCF/NI = -0.63
Accruals ratio = -6.0%. Low accruals
Cash $0.0B covers only 3% of debt $0.8B
Balance Sheet Health
Goodwill+Intangibles $0.2B = 29% of equity. Manageable
Debt/EBITDA = 17.2x (>4x). Interest coverage = -0.7x (<2x). Financial stress
Other assets grew 39.0% vs revenue -0.6%
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -5% YoY. Normal
Manipulation Score
M-Score = -2.69 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25