Olympic Steel, Inc. (ZEUS) 10-Year Financial Performance & Capital Metrics

ZEUS • • Industrial / General

Basic MaterialsSteelSteel Processing & DistributionSteel Service Centers

AboutOlympic Steel, Inc. processes, distributes, and storage metal products in the United States and internationally. It operates in three segments: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products. The Carbon Flat Products segment sells and distributes processed carbon and coated flat-rolled sheets, coil and plate products, and fabricated parts. The Specialty Metals Flat Products segment sells and distributes processed aluminum and stainless flat-rolled sheets and coil products, flat bar products, and fabricated parts, as well as stainless steel and aluminum plates, sheets, angles, rounds, flat bars, tubing and pipe, and prime tin mill products. The Tubular and Pipe Products segment distributes metal tubing products, pipes, bars, valves and fittings, and fabricated pressure parts. The company also provides various processing services comprising cutting-to-length, slitting, shearing, roll forming, shape correction, surface improvement, blanking, tempering, plate burning, and stamping as well as offers value-added processing of saw cutting, laser cutting, beveling, threading, and grooving services. In addition, the company provides shot blasting, grinding, edging, and polishing; bending, drilling, milling, tapping, boring, and sawing metal; machining, welding, assembly, and painting of component parts. Further, the company process metals to specified lengths, widths, shapes, and surface. It serves metal consuming industries, such as manufacturers and fabricators of transportation and material handling lift equipment, construction, mining and farm equipment, agriculture equipment, storage tanks, environmental and energy generation equipment, automobiles, food service, commercial appliances, and electrical equipment as well as military vehicles and equipment, general and plate fabricators, and metals service centers through direct sales force. Olympic Steel, Inc. was founded in 1954 and is based in Bedford Heights, Ohio.Show more

Revenue $1.94B -10.0%
EBITDA $79M -24.9%
Net Income $23M -48.4%
EPS (Diluted) 1.97 -48.8%
Gross Margin 23.24% +5.9%
EBITDA Margin 4.06% -16.5%
Operating Margin 2.46% -31.5%
Net Margin 1.18% -42.6%
ROE 4.07% -51.0%
ROIC 4.34% -44.7%
Debt/Equity 0.55 +28.1%
Interest Coverage 2.91 -40.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 42.9%
✓Momentum leader: RS Rating 87 (top 13%)
✓High quality earnings: Operating CF exceeds net income
✓Trading near 52-week high
✓Trading at only 1.0x book value
✓Efficient asset utilization: 1.9x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y3.06%

5Y4.22%

3Y-5.66%

TTM-9.21%

Profit (Net Income) CAGR

10Y-

5Y42.9%

3Y-42.53%

TTM-60.08%

EPS CAGR

10Y-

5Y42.1%

3Y-42.79%

TTM-60.77%

ROCE

10Y Avg7.34%

5Y Avg11.92%

3Y Avg11.08%

Latest5.58%

Peer Comparison

Steel Service Centers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ZEUSOlympic Steel, Inc.	571.98M	50.79	25.78	-10.03%	0.77%	2.49%	0.73%	0.55
RSReliance Steel & Aluminum Co.	16.87B	322.55	20.73	-6.56%	5.23%	9.95%	5.92%	0.20

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.18B	1.06B	1.33B	1.72B	1.58B	1.23B	2.31B	2.56B	2.16B	1.94B
Revenue Growth %	-0.18%	-0.1%	0.26%	0.29%	-0.08%	-0.22%	0.87%	0.11%	-0.16%	-0.1%
Cost of Goods Sold+	942.21M	820.04M	1.06B	1.37B	1.28B	979.1M	1.8B	2.07B	1.68B	1.49B
COGS % of Revenue	0.8%	0.78%	0.79%	0.8%	0.81%	0.79%	0.78%	0.81%	0.78%	0.77%
Gross Profit+	233.33M	235.08M	275.48M	342.13M	298.93M	255.04M	510.2M	486.06M	473.5M	451.18M
Gross Margin %	0.2%	0.22%	0.21%	0.2%	0.19%	0.21%	0.22%	0.19%	0.22%	0.23%
Gross Profit Growth %	-0.15%	0.01%	0.17%	0.24%	-0.13%	-0.15%	1%	-0.05%	-0.03%	-0.05%
Operating Expenses+	261.11M	229.33M	251.5M	285.07M	282.32M	254.47M	337.74M	352.31M	395.83M	403.32M
OpEx % of Revenue	0.22%	0.22%	0.19%	0.17%	0.18%	0.21%	0.15%	0.14%	0.18%	0.21%
Selling, General & Admin	217.12M	210.84M	234.02M	267.47M	263.29M	234.98M	317.42M	332.57M	369.39M	244.42M
SG&A % of Revenue	0.18%	0.2%	0.18%	0.16%	0.17%	0.19%	0.14%	0.13%	0.17%	0.13%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	43.99M	18.48M	17.48M	17.61M	19.03M	19.49M	20.32M	19.74M	26.44M	158.9M
Operating Income+	-27.78M	5.75M	23.99M	57.05M	16.61M	573K	172.47M	133.75M	77.67M	47.86M
Operating Margin %	-0.02%	0.01%	0.02%	0.03%	0.01%	0%	0.07%	0.05%	0.04%	0.02%
Operating Income Growth %	-2.02%	1.21%	3.17%	1.38%	-0.71%	-0.97%	299.99%	-0.22%	-0.42%	-0.38%
EBITDA+	-7.91M	25.15M	42.57M	75.09M	36.16M	20.58M	193.42M	153.95M	104.85M	78.77M
EBITDA Margin %	-0.01%	0.02%	0.03%	0.04%	0.02%	0.02%	0.08%	0.06%	0.05%	0.04%
EBITDA Growth %	-1.63%	4.18%	0.69%	0.76%	-0.52%	-0.43%	8.4%	-0.2%	-0.32%	-0.25%
D&A (Non-Cash Add-back)	19.87M	19.4M	18.59M	18.04M	19.55M	20.01M	20.95M	20.21M	27.18M	30.91M
EBIT	-27.9M	5.69M	23.87M	56.74M	16.58M	500K	172.43M	133.7M	77.59M	47.77M
Net Interest Income+	-5.69M	-5.27M	-7.52M	-10.68M	-11.29M	-7.41M	-7.63M	-10.08M	-16.01M	-16.46M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	5.69M	5.27M	7.52M	10.68M	11.29M	7.41M	7.63M	10.08M	16.01M	16.46M
Other Income/Expense	-5.82M	-5.33M	-7.64M	-10.99M	-11.32M	-7.48M	-7.67M	-10.13M	-16.08M	-16.55M
Pretax Income+	-33.59M	420K	16.35M	46.06M	5.29M	-6.91M	164.8M	123.62M	61.59M	31.3M
Pretax Margin %	-0.03%	0%	0.01%	0.03%	0%	-0.01%	0.07%	0.05%	0.03%	0.02%
Income Tax+	-6.82M	1.5M	-2.61M	12.3M	1.43M	-1.32M	43.75M	32.69M	17.06M	8.32M
Effective Tax Rate %	0.8%	-2.57%	1.16%	0.73%	0.73%	0.81%	0.73%	0.74%	0.72%	0.73%
Net Income+	-26.78M	-1.08M	18.96M	33.76M	3.86M	-5.59M	121.05M	90.93M	44.53M	22.98M
Net Margin %	-0.02%	-0%	0.01%	0.02%	0%	-0%	0.05%	0.04%	0.02%	0.01%
Net Income Growth %	-0.4%	0.96%	18.59%	0.78%	-0.89%	-2.45%	22.64%	-0.25%	-0.51%	-0.48%
Net Income (Continuing)	-26.78M	-1.08M	18.96M	33.76M	3.86M	-5.59M	121.05M	90.93M	44.53M	22.98M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-2.39	-0.10	1.67	2.95	0.34	-0.49	10.52	7.87	3.85	1.97
EPS Growth %	-0.4%	0.96%	18.36%	0.77%	-0.88%	-2.44%	22.47%	-0.25%	-0.51%	-0.49%
EPS (Basic)	-2.39	-0.10	1.67	2.95	0.34	-0.49	10.53	7.87	3.85	1.97
Diluted Shares Outstanding	11.19M	11.21M	11.38M	11.44M	11.51M	11.45M	11.5M	11.56M	11.58M	11.68M
Basic Shares Outstanding	11.19M	10.78M	11.38M	11.43M	11.51M	11.45M	11.49M	11.55M	11.57M	11.68M
Dividend Payout Ratio	-	-	0.05%	0.03%	0.23%	-	0.01%	0.04%	0.12%	0.29%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	308.95M	364.94M	420.14M	562.77M	419.84M	402.2M	789.4M	658.11M	603.17M	580.59M
Cash & Short-Term Investments	1.6M	2.31M	3.01M	9.32M	5.74M	5.53M	9.81M	12.19M	13.22M	11.91M
Cash Only	1.6M	2.31M	3.01M	9.32M	5.74M	5.53M	9.81M	12.19M	13.22M	11.91M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	92.88M	101.9M	132.74M	175.25M	133.57M	151.6M	284.57M	219.79M	191.15M	166.15M
Days Sales Outstanding	28.84	35.25	36.41	37.3	30.88	44.84	44.92	31.34	32.33	31.23
Inventory	206.65M	254.53M	275.31M	368.74M	273.53M	240M	485.03M	416.93M	386.54M	390.63M
Days Inventory Outstanding	80.05	113.29	95.23	98.03	77.99	89.47	98.24	73.38	83.75	95.66
Other Current Assets	0	0	750K	0	0	0	2.29M	9.2M	12.26M	11.9M
Total Non-Current Assets+	204.52M	191.13M	184.02M	197.97M	229.71M	238.4M	234.17M	233.52M	381.67M	463.9M
Property, Plant & Equipment	166.54M	155.77M	147.65M	159.61M	182.59M	182.55M	174.78M	176.56M	220.49M	240.77M
Fixed Asset Turnover	7.06x	6.77x	9.01x	10.75x	8.65x	6.76x	13.23x	14.50x	9.79x	8.06x
Goodwill	0	0	0	2.36M	3.42M	5.12M	10.5M	10.5M	52.09M	83.82M
Intangible Assets	24.76M	23.87M	22.98M	24.91M	29.26M	32.59M	33.65M	32.03M	92.62M	118.11M
Long-Term Investments	0	-23.12M	-9.08M	-8.89M	-16.05M	-18.1M	-17.73M	1.75M	92.62M	0
Other Non-Current Assets	13.23M	11.49M	13.39M	11.09M	14.44M	18.13M	15.24M	2.66M	-76.16M	21.2M
Total Assets+	513.47M	556.07M	604.16M	760.74M	649.55M	640.61M	1.02B	891.63M	984.84M	1.04B
Asset Turnover	2.29x	1.90x	2.20x	2.25x	2.43x	1.93x	2.26x	2.87x	2.19x	1.86x
Asset Growth %	-0.27%	0.08%	0.09%	0.26%	-0.15%	-0.01%	0.6%	-0.13%	0.1%	0.06%
Total Current Liabilities+	77.06M	104.9M	111.15M	128.43M	101.09M	126.72M	224.34M	164.7M	180.24M	132.64M
Accounts Payable	55.69M	79.46M	84.03M	95.37M	69.45M	87.29M	148.65M	101.45M	119.72M	80.74M
Days Payables Outstanding	21.57	35.37	29.07	25.35	19.8	32.54	30.11	17.85	25.94	19.77
Short-Term Debt	2.69M	1.82M	930K	0	0	6.39M	6.6M	6.69M	8.9M	0
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	11.8M	15.17M	14.18M	0	12.96M	-6.39M	18.79M	-6.69M	-8.9M	20.99M
Current Ratio	4.01x	3.48x	3.78x	4.38x	4.15x	3.17x	3.52x	4.00x	3.35x	4.38x
Quick Ratio	1.33x	1.05x	1.30x	1.51x	1.45x	1.28x	1.36x	1.46x	1.20x	1.43x
Cash Conversion Cycle	87.32	113.17	102.57	109.97	89.06	101.77	113.05	86.86	90.14	107.12
Total Non-Current Liabilities+	181.72M	197.78M	220.43M	325.32M	240.12M	212.87M	374.8M	210.96M	249.12M	337.93M
Long-Term Debt	145.8M	164.6M	196.24M	302.53M	192.93M	160.61M	327.76M	165.66M	190.2M	272.46M
Capital Lease Obligations	0	0	0	0	21.3M	22.42M	23.25M	23.68M	29.37M	33.64M
Deferred Tax Liabilities	24.5M	23.12M	12.14M	13.46M	12.26M	9.82M	9.89M	10.03M	11.51M	11.05M
Other Non-Current Liabilities	9.83M	10.06M	12.05M	9.33M	13.63M	20.02M	13.89M	11.59M	18.05M	20.79M
Total Liabilities	258.77M	302.68M	331.57M	453.75M	341.2M	339.6M	599.13M	375.66M	429.36M	470.57M
Total Debt+	148.49M	166.42M	197.16M	302.53M	219.38M	195M	363.56M	202.13M	236.28M	312.82M
Net Debt	146.89M	164.11M	194.16M	293.21M	213.63M	189.47M	353.75M	189.94M	223.05M	300.9M
Debt / Equity	0.58x	0.66x	0.72x	0.99x	0.71x	0.65x	0.86x	0.39x	0.43x	0.55x
Debt / EBITDA	-	6.62x	4.63x	4.03x	6.07x	9.47x	1.88x	1.31x	2.25x	3.97x
Net Debt / EBITDA	-	6.53x	4.56x	3.90x	5.91x	9.21x	1.83x	1.23x	2.13x	3.82x
Interest Coverage	-4.88x	1.09x	3.19x	5.34x	1.47x	0.08x	22.60x	13.27x	4.85x	2.91x
Total Equity+	254.69M	253.39M	272.58M	306.99M	308.35M	301.01M	424.44M	515.97M	555.48M	573.92M
Equity Growth %	-0.09%	-0.01%	0.08%	0.13%	0%	-0.02%	0.41%	0.22%	0.08%	0.03%
Book Value per Share	22.76	22.60	23.95	26.83	26.79	26.30	36.90	44.64	47.98	49.15
Total Shareholders' Equity	254.69M	253.39M	272.58M	306.99M	308.35M	301.01M	424.44M	515.97M	555.48M	573.92M
Common Stock	128.13M	128.62M	129.45M	130.78M	131.65M	132.38M	133.43M	134.72M	136.54M	138.54M
Retained Earnings	127.33M	125.38M	143.47M	176.34M	179.32M	172.84M	293.01M	379.93M	418.9M	435.2M
Treasury Stock	-699K	-609K	-337K	-132K	-335K	0	0	0	0	0
Accumulated OCI	-70K	0	-229.06M	-244.18M	-2.28M	-4.21M	-2M	1.31M	41K	190K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	107.48M	-9.81M	-19.04M	-50.5M	129.56M	61.65M	-146.37M	185.85M	175.16M	33.68M
Operating CF Margin %	0.09%	-0.01%	-0.01%	-0.03%	0.08%	0.05%	-0.06%	0.07%	0.08%	0.02%
Operating CF Growth %	3.72%	-1.09%	-0.94%	-1.65%	3.57%	-0.52%	-3.37%	2.27%	-0.06%	-0.81%
Net Income	-26.78M	-1.08M	18.96M	33.76M	3.86M	-5.59M	121.05M	90.93M	44.53M	22.98M
Depreciation & Amortization	19.87M	19.4M	18.59M	18.04M	19.55M	20.01M	20.95M	20.21M	27.18M	30.91M
Stock-Based Compensation	1.76M	534K	1.1M	1.53M	2.19M	1.22M	1.04M	1.3M	3.32M	2M
Deferred Taxes	24.97M	-376K	-8.99M	-1.47M	1.22M	1.22M	-6.23M	235K	8.95M	5.75M
Other Non-Cash Items	-7.46M	-1.71M	-2.93M	2.03M	-4.06M	-2.32M	706K	-881K	-1.31M	-7.72M
Working Capital Changes	95.12M	-26.58M	-45.77M	-104.39M	106.8M	47.13M	-283.9M	74.06M	92.5M	-20.23M
Change in Receivables	30.93M	-9.03M	-30.84M	-35.91M	42.14M	-14.79M	-131.46M	64.78M	44.58M	27.17M
Change in Inventory	104.46M	-47.88M	-20.78M	-78.66M	95.84M	37.19M	-241.9M	68.1M	51.54M	-640K
Change in Payables	-21.92M	28.62M	3.92M	2.9M	-33.65M	23.33M	60.54M	-52.27M	10.57M	-39.57M
Cash from Investing+	-7.31M	-6.45M	-9.17M	-47.5M	-21.03M	-28.15M	-13.46M	-16.56M	-190.84M	-109.43M
Capital Expenditures	-7.32M	-6.82M	-10.16M	-25.71M	-10.16M	-9.8M	-11.01M	-19.85M	-21.33M	-29.49M
CapEx % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0%	0.01%	0.01%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	3K	376K	991K	126K	269K	1.15M	9.65M	0	251K	0
Cash from Financing+	-100.81M	16.97M	28.9M	104.31M	-112.11M	-33.71M	164.12M	-166.91M	16.72M	74.44M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-879K	-877K	-878K	-880K	-879K	-885K	-886K	-4.01M	-5.57M	-6.68M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-97K	-85K	-959K	-171K	-37K	-124K	-1.32M	-100K	-1.22M	-153K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	100.17M	-16.64M	-29.2M	-76.22M	119.39M	51.85M	-157.38M	166M	153.83M	4.19M
FCF Margin %	0.09%	-0.02%	-0.02%	-0.04%	0.08%	0.04%	-0.07%	0.06%	0.07%	0%
FCF Growth %	3.11%	-1.17%	-0.76%	-1.61%	2.57%	-0.57%	-4.04%	2.05%	-0.07%	-0.97%
FCF per Share	8.95	-1.48	-2.57	-6.66	10.37	4.53	-13.68	14.36	13.29	0.36
FCF Conversion (FCF/Net Income)	-4.01x	9.10x	-1.00x	-1.50x	33.60x	-11.02x	-1.21x	2.04x	3.93x	1.47x
Interest Paid	5.08M	4.3M	6.43M	10.24M	10.95M	7M	6.84M	9.63M	14.96M	15.27M
Taxes Paid	565K	982K	9.36M	11.32M	460K	1K	46.55M	33.4M	13.6M	10.04M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-10%	-0.42%	7.21%	11.65%	1.25%	-1.84%	33.37%	19.34%	8.31%	4.07%
Return on Invested Capital (ROIC)	-4.49%	1.05%	4.07%	8.02%	2.22%	0.08%	20.39%	13.52%	7.85%	4.34%
Gross Margin	19.85%	22.28%	20.7%	19.95%	18.93%	20.67%	22.07%	18.99%	21.94%	23.24%
Net Margin	-2.28%	-0.1%	1.43%	1.97%	0.24%	-0.45%	5.24%	3.55%	2.06%	1.18%
Debt / Equity	0.58x	0.66x	0.72x	0.99x	0.71x	0.65x	0.86x	0.39x	0.43x	0.55x
Interest Coverage	-4.88x	1.09x	3.19x	5.34x	1.47x	0.08x	22.60x	13.27x	4.85x	2.91x
FCF Conversion	-4.01x	9.10x	-1.00x	-1.50x	33.60x	-11.02x	-1.21x	2.04x	3.93x	1.47x
Revenue Growth	-18.15%	-10.24%	26.12%	28.89%	-7.93%	-21.84%	87.36%	10.71%	-15.7%	-10.03%

Revenue by Segment

	2015	2016	2017	2024
Carbon Flat Products	765.4M	670.98M	869.63M	1.11B
Carbon Flat Products Growth	-	-12.34%	29.61%	27.54%
Specialty Metals Flat Products	-	-	227.2M	496.85M
Specialty Metals Flat Products Growth	-	-	-	118.69%
Tubular and Pipe Products	-	-	233.87M	335.72M
Tubular and Pipe Products Growth	-	-	-	43.55%
Tubular And Pipe Products	217.63M	194.2M	-	-
Tubular And Pipe Products Growth	-	-10.76%	-	-
Specialty Metal Flat Products	192.52M	189.93M	-	-
Specialty Metal Flat Products Growth	-	-1.34%	-	-
Carbon Flat Products and Specialty Metals Flat Products	957.92M	-	-	-
Carbon Flat Products and Specialty Metals Flat Products Growth	-	-	-	-

Frequently Asked Questions

Valuation & Price

Olympic Steel, Inc. (ZEUS) has a price-to-earnings (P/E) ratio of 25.8x. This suggests investors expect higher future growth.

Growth & Financials

Olympic Steel, Inc. (ZEUS) reported $1.88B in revenue for fiscal year 2024. This represents a 49% increase from $1.26B in 2011.

Olympic Steel, Inc. (ZEUS) saw revenue decline by 10.0% over the past year.

Yes, Olympic Steel, Inc. (ZEUS) is profitable, generating $14.4M in net income for fiscal year 2024 (1.2% net margin).

Dividend & Returns

Yes, Olympic Steel, Inc. (ZEUS) pays a dividend with a yield of 1.13%. This makes it attractive for income-focused investors.

Olympic Steel, Inc. (ZEUS) has a return on equity (ROE) of 4.1%. This is below average, suggesting room for improvement.

Olympic Steel, Inc. (ZEUS) generated $68.1M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Olympic Steel, Inc. (ZEUS) 10-Year Financial Performance & Capital Metrics

ZEUS • • Industrial / General

Basic MaterialsSteelSteel Processing & DistributionSteel Service Centers

Revenue $1.94B -10.0%
EBITDA $79M -24.9%
Net Income $23M -48.4%
EPS (Diluted) 1.97 -48.8%
Gross Margin 23.24% +5.9%
EBITDA Margin 4.06% -16.5%
Operating Margin 2.46% -31.5%
Net Margin 1.18% -42.6%
ROE 4.07% -51.0%
ROIC 4.34% -44.7%
Debt/Equity 0.55 +28.1%
Interest Coverage 2.91 -40.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 42.9%
✓Momentum leader: RS Rating 87 (top 13%)
✓High quality earnings: Operating CF exceeds net income
✓Trading near 52-week high
✓Trading at only 1.0x book value
✓Efficient asset utilization: 1.9x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y3.06%

5Y4.22%

3Y-5.66%

TTM-9.21%

Profit (Net Income) CAGR

10Y-

5Y42.9%

3Y-42.53%

TTM-60.08%

EPS CAGR

10Y-

5Y42.1%

3Y-42.79%

TTM-60.77%

ROCE

10Y Avg7.34%

5Y Avg11.92%

3Y Avg11.08%

Latest5.58%

Peer Comparison

Steel Service Centers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ZEUSOlympic Steel, Inc.	571.98M	50.79	25.78	-10.03%	0.77%	2.49%	0.73%	0.55
RSReliance Steel & Aluminum Co.	16.87B	322.55	20.73	-6.56%	5.23%	9.95%	5.92%	0.20

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.18B	1.06B	1.33B	1.72B	1.58B	1.23B	2.31B	2.56B	2.16B	1.94B
Revenue Growth %	-0.18%	-0.1%	0.26%	0.29%	-0.08%	-0.22%	0.87%	0.11%	-0.16%	-0.1%
Cost of Goods Sold+	942.21M	820.04M	1.06B	1.37B	1.28B	979.1M	1.8B	2.07B	1.68B	1.49B
COGS % of Revenue	0.8%	0.78%	0.79%	0.8%	0.81%	0.79%	0.78%	0.81%	0.78%	0.77%
Gross Profit+	233.33M	235.08M	275.48M	342.13M	298.93M	255.04M	510.2M	486.06M	473.5M	451.18M
Gross Margin %	0.2%	0.22%	0.21%	0.2%	0.19%	0.21%	0.22%	0.19%	0.22%	0.23%
Gross Profit Growth %	-0.15%	0.01%	0.17%	0.24%	-0.13%	-0.15%	1%	-0.05%	-0.03%	-0.05%
Operating Expenses+	261.11M	229.33M	251.5M	285.07M	282.32M	254.47M	337.74M	352.31M	395.83M	403.32M
OpEx % of Revenue	0.22%	0.22%	0.19%	0.17%	0.18%	0.21%	0.15%	0.14%	0.18%	0.21%
Selling, General & Admin	217.12M	210.84M	234.02M	267.47M	263.29M	234.98M	317.42M	332.57M	369.39M	244.42M
SG&A % of Revenue	0.18%	0.2%	0.18%	0.16%	0.17%	0.19%	0.14%	0.13%	0.17%	0.13%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	43.99M	18.48M	17.48M	17.61M	19.03M	19.49M	20.32M	19.74M	26.44M	158.9M
Operating Income+	-27.78M	5.75M	23.99M	57.05M	16.61M	573K	172.47M	133.75M	77.67M	47.86M
Operating Margin %	-0.02%	0.01%	0.02%	0.03%	0.01%	0%	0.07%	0.05%	0.04%	0.02%
Operating Income Growth %	-2.02%	1.21%	3.17%	1.38%	-0.71%	-0.97%	299.99%	-0.22%	-0.42%	-0.38%
EBITDA+	-7.91M	25.15M	42.57M	75.09M	36.16M	20.58M	193.42M	153.95M	104.85M	78.77M
EBITDA Margin %	-0.01%	0.02%	0.03%	0.04%	0.02%	0.02%	0.08%	0.06%	0.05%	0.04%
EBITDA Growth %	-1.63%	4.18%	0.69%	0.76%	-0.52%	-0.43%	8.4%	-0.2%	-0.32%	-0.25%
D&A (Non-Cash Add-back)	19.87M	19.4M	18.59M	18.04M	19.55M	20.01M	20.95M	20.21M	27.18M	30.91M
EBIT	-27.9M	5.69M	23.87M	56.74M	16.58M	500K	172.43M	133.7M	77.59M	47.77M
Net Interest Income+	-5.69M	-5.27M	-7.52M	-10.68M	-11.29M	-7.41M	-7.63M	-10.08M	-16.01M	-16.46M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	5.69M	5.27M	7.52M	10.68M	11.29M	7.41M	7.63M	10.08M	16.01M	16.46M
Other Income/Expense	-5.82M	-5.33M	-7.64M	-10.99M	-11.32M	-7.48M	-7.67M	-10.13M	-16.08M	-16.55M
Pretax Income+	-33.59M	420K	16.35M	46.06M	5.29M	-6.91M	164.8M	123.62M	61.59M	31.3M
Pretax Margin %	-0.03%	0%	0.01%	0.03%	0%	-0.01%	0.07%	0.05%	0.03%	0.02%
Income Tax+	-6.82M	1.5M	-2.61M	12.3M	1.43M	-1.32M	43.75M	32.69M	17.06M	8.32M
Effective Tax Rate %	0.8%	-2.57%	1.16%	0.73%	0.73%	0.81%	0.73%	0.74%	0.72%	0.73%
Net Income+	-26.78M	-1.08M	18.96M	33.76M	3.86M	-5.59M	121.05M	90.93M	44.53M	22.98M
Net Margin %	-0.02%	-0%	0.01%	0.02%	0%	-0%	0.05%	0.04%	0.02%	0.01%
Net Income Growth %	-0.4%	0.96%	18.59%	0.78%	-0.89%	-2.45%	22.64%	-0.25%	-0.51%	-0.48%
Net Income (Continuing)	-26.78M	-1.08M	18.96M	33.76M	3.86M	-5.59M	121.05M	90.93M	44.53M	22.98M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-2.39	-0.10	1.67	2.95	0.34	-0.49	10.52	7.87	3.85	1.97
EPS Growth %	-0.4%	0.96%	18.36%	0.77%	-0.88%	-2.44%	22.47%	-0.25%	-0.51%	-0.49%
EPS (Basic)	-2.39	-0.10	1.67	2.95	0.34	-0.49	10.53	7.87	3.85	1.97
Diluted Shares Outstanding	11.19M	11.21M	11.38M	11.44M	11.51M	11.45M	11.5M	11.56M	11.58M	11.68M
Basic Shares Outstanding	11.19M	10.78M	11.38M	11.43M	11.51M	11.45M	11.49M	11.55M	11.57M	11.68M
Dividend Payout Ratio	-	-	0.05%	0.03%	0.23%	-	0.01%	0.04%	0.12%	0.29%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	308.95M	364.94M	420.14M	562.77M	419.84M	402.2M	789.4M	658.11M	603.17M	580.59M
Cash & Short-Term Investments	1.6M	2.31M	3.01M	9.32M	5.74M	5.53M	9.81M	12.19M	13.22M	11.91M
Cash Only	1.6M	2.31M	3.01M	9.32M	5.74M	5.53M	9.81M	12.19M	13.22M	11.91M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	92.88M	101.9M	132.74M	175.25M	133.57M	151.6M	284.57M	219.79M	191.15M	166.15M
Days Sales Outstanding	28.84	35.25	36.41	37.3	30.88	44.84	44.92	31.34	32.33	31.23
Inventory	206.65M	254.53M	275.31M	368.74M	273.53M	240M	485.03M	416.93M	386.54M	390.63M
Days Inventory Outstanding	80.05	113.29	95.23	98.03	77.99	89.47	98.24	73.38	83.75	95.66
Other Current Assets	0	0	750K	0	0	0	2.29M	9.2M	12.26M	11.9M
Total Non-Current Assets+	204.52M	191.13M	184.02M	197.97M	229.71M	238.4M	234.17M	233.52M	381.67M	463.9M
Property, Plant & Equipment	166.54M	155.77M	147.65M	159.61M	182.59M	182.55M	174.78M	176.56M	220.49M	240.77M
Fixed Asset Turnover	7.06x	6.77x	9.01x	10.75x	8.65x	6.76x	13.23x	14.50x	9.79x	8.06x
Goodwill	0	0	0	2.36M	3.42M	5.12M	10.5M	10.5M	52.09M	83.82M
Intangible Assets	24.76M	23.87M	22.98M	24.91M	29.26M	32.59M	33.65M	32.03M	92.62M	118.11M
Long-Term Investments	0	-23.12M	-9.08M	-8.89M	-16.05M	-18.1M	-17.73M	1.75M	92.62M	0
Other Non-Current Assets	13.23M	11.49M	13.39M	11.09M	14.44M	18.13M	15.24M	2.66M	-76.16M	21.2M
Total Assets+	513.47M	556.07M	604.16M	760.74M	649.55M	640.61M	1.02B	891.63M	984.84M	1.04B
Asset Turnover	2.29x	1.90x	2.20x	2.25x	2.43x	1.93x	2.26x	2.87x	2.19x	1.86x
Asset Growth %	-0.27%	0.08%	0.09%	0.26%	-0.15%	-0.01%	0.6%	-0.13%	0.1%	0.06%
Total Current Liabilities+	77.06M	104.9M	111.15M	128.43M	101.09M	126.72M	224.34M	164.7M	180.24M	132.64M
Accounts Payable	55.69M	79.46M	84.03M	95.37M	69.45M	87.29M	148.65M	101.45M	119.72M	80.74M
Days Payables Outstanding	21.57	35.37	29.07	25.35	19.8	32.54	30.11	17.85	25.94	19.77
Short-Term Debt	2.69M	1.82M	930K	0	0	6.39M	6.6M	6.69M	8.9M	0
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	11.8M	15.17M	14.18M	0	12.96M	-6.39M	18.79M	-6.69M	-8.9M	20.99M
Current Ratio	4.01x	3.48x	3.78x	4.38x	4.15x	3.17x	3.52x	4.00x	3.35x	4.38x
Quick Ratio	1.33x	1.05x	1.30x	1.51x	1.45x	1.28x	1.36x	1.46x	1.20x	1.43x
Cash Conversion Cycle	87.32	113.17	102.57	109.97	89.06	101.77	113.05	86.86	90.14	107.12
Total Non-Current Liabilities+	181.72M	197.78M	220.43M	325.32M	240.12M	212.87M	374.8M	210.96M	249.12M	337.93M
Long-Term Debt	145.8M	164.6M	196.24M	302.53M	192.93M	160.61M	327.76M	165.66M	190.2M	272.46M
Capital Lease Obligations	0	0	0	0	21.3M	22.42M	23.25M	23.68M	29.37M	33.64M
Deferred Tax Liabilities	24.5M	23.12M	12.14M	13.46M	12.26M	9.82M	9.89M	10.03M	11.51M	11.05M
Other Non-Current Liabilities	9.83M	10.06M	12.05M	9.33M	13.63M	20.02M	13.89M	11.59M	18.05M	20.79M
Total Liabilities	258.77M	302.68M	331.57M	453.75M	341.2M	339.6M	599.13M	375.66M	429.36M	470.57M
Total Debt+	148.49M	166.42M	197.16M	302.53M	219.38M	195M	363.56M	202.13M	236.28M	312.82M
Net Debt	146.89M	164.11M	194.16M	293.21M	213.63M	189.47M	353.75M	189.94M	223.05M	300.9M
Debt / Equity	0.58x	0.66x	0.72x	0.99x	0.71x	0.65x	0.86x	0.39x	0.43x	0.55x
Debt / EBITDA	-	6.62x	4.63x	4.03x	6.07x	9.47x	1.88x	1.31x	2.25x	3.97x
Net Debt / EBITDA	-	6.53x	4.56x	3.90x	5.91x	9.21x	1.83x	1.23x	2.13x	3.82x
Interest Coverage	-4.88x	1.09x	3.19x	5.34x	1.47x	0.08x	22.60x	13.27x	4.85x	2.91x
Total Equity+	254.69M	253.39M	272.58M	306.99M	308.35M	301.01M	424.44M	515.97M	555.48M	573.92M
Equity Growth %	-0.09%	-0.01%	0.08%	0.13%	0%	-0.02%	0.41%	0.22%	0.08%	0.03%
Book Value per Share	22.76	22.60	23.95	26.83	26.79	26.30	36.90	44.64	47.98	49.15
Total Shareholders' Equity	254.69M	253.39M	272.58M	306.99M	308.35M	301.01M	424.44M	515.97M	555.48M	573.92M
Common Stock	128.13M	128.62M	129.45M	130.78M	131.65M	132.38M	133.43M	134.72M	136.54M	138.54M
Retained Earnings	127.33M	125.38M	143.47M	176.34M	179.32M	172.84M	293.01M	379.93M	418.9M	435.2M
Treasury Stock	-699K	-609K	-337K	-132K	-335K	0	0	0	0	0
Accumulated OCI	-70K	0	-229.06M	-244.18M	-2.28M	-4.21M	-2M	1.31M	41K	190K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	107.48M	-9.81M	-19.04M	-50.5M	129.56M	61.65M	-146.37M	185.85M	175.16M	33.68M
Operating CF Margin %	0.09%	-0.01%	-0.01%	-0.03%	0.08%	0.05%	-0.06%	0.07%	0.08%	0.02%
Operating CF Growth %	3.72%	-1.09%	-0.94%	-1.65%	3.57%	-0.52%	-3.37%	2.27%	-0.06%	-0.81%
Net Income	-26.78M	-1.08M	18.96M	33.76M	3.86M	-5.59M	121.05M	90.93M	44.53M	22.98M
Depreciation & Amortization	19.87M	19.4M	18.59M	18.04M	19.55M	20.01M	20.95M	20.21M	27.18M	30.91M
Stock-Based Compensation	1.76M	534K	1.1M	1.53M	2.19M	1.22M	1.04M	1.3M	3.32M	2M
Deferred Taxes	24.97M	-376K	-8.99M	-1.47M	1.22M	1.22M	-6.23M	235K	8.95M	5.75M
Other Non-Cash Items	-7.46M	-1.71M	-2.93M	2.03M	-4.06M	-2.32M	706K	-881K	-1.31M	-7.72M
Working Capital Changes	95.12M	-26.58M	-45.77M	-104.39M	106.8M	47.13M	-283.9M	74.06M	92.5M	-20.23M
Change in Receivables	30.93M	-9.03M	-30.84M	-35.91M	42.14M	-14.79M	-131.46M	64.78M	44.58M	27.17M
Change in Inventory	104.46M	-47.88M	-20.78M	-78.66M	95.84M	37.19M	-241.9M	68.1M	51.54M	-640K
Change in Payables	-21.92M	28.62M	3.92M	2.9M	-33.65M	23.33M	60.54M	-52.27M	10.57M	-39.57M
Cash from Investing+	-7.31M	-6.45M	-9.17M	-47.5M	-21.03M	-28.15M	-13.46M	-16.56M	-190.84M	-109.43M
Capital Expenditures	-7.32M	-6.82M	-10.16M	-25.71M	-10.16M	-9.8M	-11.01M	-19.85M	-21.33M	-29.49M
CapEx % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0%	0.01%	0.01%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	3K	376K	991K	126K	269K	1.15M	9.65M	0	251K	0
Cash from Financing+	-100.81M	16.97M	28.9M	104.31M	-112.11M	-33.71M	164.12M	-166.91M	16.72M	74.44M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-879K	-877K	-878K	-880K	-879K	-885K	-886K	-4.01M	-5.57M	-6.68M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-97K	-85K	-959K	-171K	-37K	-124K	-1.32M	-100K	-1.22M	-153K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	100.17M	-16.64M	-29.2M	-76.22M	119.39M	51.85M	-157.38M	166M	153.83M	4.19M
FCF Margin %	0.09%	-0.02%	-0.02%	-0.04%	0.08%	0.04%	-0.07%	0.06%	0.07%	0%
FCF Growth %	3.11%	-1.17%	-0.76%	-1.61%	2.57%	-0.57%	-4.04%	2.05%	-0.07%	-0.97%
FCF per Share	8.95	-1.48	-2.57	-6.66	10.37	4.53	-13.68	14.36	13.29	0.36
FCF Conversion (FCF/Net Income)	-4.01x	9.10x	-1.00x	-1.50x	33.60x	-11.02x	-1.21x	2.04x	3.93x	1.47x
Interest Paid	5.08M	4.3M	6.43M	10.24M	10.95M	7M	6.84M	9.63M	14.96M	15.27M
Taxes Paid	565K	982K	9.36M	11.32M	460K	1K	46.55M	33.4M	13.6M	10.04M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-10%	-0.42%	7.21%	11.65%	1.25%	-1.84%	33.37%	19.34%	8.31%	4.07%
Return on Invested Capital (ROIC)	-4.49%	1.05%	4.07%	8.02%	2.22%	0.08%	20.39%	13.52%	7.85%	4.34%
Gross Margin	19.85%	22.28%	20.7%	19.95%	18.93%	20.67%	22.07%	18.99%	21.94%	23.24%
Net Margin	-2.28%	-0.1%	1.43%	1.97%	0.24%	-0.45%	5.24%	3.55%	2.06%	1.18%
Debt / Equity	0.58x	0.66x	0.72x	0.99x	0.71x	0.65x	0.86x	0.39x	0.43x	0.55x
Interest Coverage	-4.88x	1.09x	3.19x	5.34x	1.47x	0.08x	22.60x	13.27x	4.85x	2.91x
FCF Conversion	-4.01x	9.10x	-1.00x	-1.50x	33.60x	-11.02x	-1.21x	2.04x	3.93x	1.47x
Revenue Growth	-18.15%	-10.24%	26.12%	28.89%	-7.93%	-21.84%	87.36%	10.71%	-15.7%	-10.03%

Revenue by Segment

	2015	2016	2017	2024
Carbon Flat Products	765.4M	670.98M	869.63M	1.11B
Carbon Flat Products Growth	-	-12.34%	29.61%	27.54%
Specialty Metals Flat Products	-	-	227.2M	496.85M
Specialty Metals Flat Products Growth	-	-	-	118.69%
Tubular and Pipe Products	-	-	233.87M	335.72M
Tubular and Pipe Products Growth	-	-	-	43.55%
Tubular And Pipe Products	217.63M	194.2M	-	-
Tubular And Pipe Products Growth	-	-10.76%	-	-
Specialty Metal Flat Products	192.52M	189.93M	-	-
Specialty Metal Flat Products Growth	-	-1.34%	-	-
Carbon Flat Products and Specialty Metals Flat Products	957.92M	-	-	-
Carbon Flat Products and Specialty Metals Flat Products Growth	-	-	-	-

Frequently Asked Questions

Valuation & Price

Olympic Steel, Inc. (ZEUS) has a price-to-earnings (P/E) ratio of 25.8x. This suggests investors expect higher future growth.

Growth & Financials

Olympic Steel, Inc. (ZEUS) reported $1.88B in revenue for fiscal year 2024. This represents a 49% increase from $1.26B in 2011.

Olympic Steel, Inc. (ZEUS) saw revenue decline by 10.0% over the past year.

Yes, Olympic Steel, Inc. (ZEUS) is profitable, generating $14.4M in net income for fiscal year 2024 (1.2% net margin).

Dividend & Returns

Yes, Olympic Steel, Inc. (ZEUS) pays a dividend with a yield of 1.13%. This makes it attractive for income-focused investors.

Olympic Steel, Inc. (ZEUS) has a return on equity (ROE) of 4.1%. This is below average, suggesting room for improvement.

Olympic Steel, Inc. (ZEUS) generated $68.1M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.