Carpenter Technology vs Ryerson Holding
Ryerson Holding is the larger business, with $4.57bn of revenue in fiscal 2025 against $3.12bn for Carpenter Technology (1.5 times as much). Carpenter Technology grew faster (8.6% against -0.6%). Carpenter Technology kept more of each dollar of sales as profit: a net margin of 17.0% against -1.2%. Carpenter Technology carries less debt relative to equity (31.0% against 61.5%).
| Latest fiscal year | Carpenter TechnologyCRS, 2026 | Ryerson HoldingRYZ, 2025 |
|---|---|---|
| Revenue | $3.12bn | $4.57bn |
| Revenue growth | 8.6% | -0.6% |
| Net income | $530m | −$56.4m |
| Operating margin | 22.5% | -0.7% |
| Net margin | 17.0% | -1.2% |
| Return on equity | 25.8% | -7.2% |
| Free cash flow | $362m | $35.5m |
| Cash | $393m | $26.9m |
| Total debt | $691m | $463m |
| Debt to equity | 31.0% | 61.5% |
| Dividend per share | $0.80 | $0.75 |
| Dividend yield | 0.3% | 2.0% |
| Share buybacks | $179m | $0 |
| Employees | 4,500 | 4,300 |
| Market value | $14.69bn | $1.68bn |
| Price vs our value range | Above our value range | — |
| Moat score | 33 (Weak) | 29 (Weak) |
| Insider trades, 12 months | 0 buys, 60 sales | 0 buys, 8 sales |