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Olympic Steel Financials

ZEUS
Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Olympic Steel (ZEUS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 45 / 100
Financial Profile 45/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
28

Olympic Steel has an operating margin of 2.5%, meaning the company retains $2 of operating profit per $100 of revenue. This below-average margin results in a low score of 28/100, suggesting thin profitability after operating expenses. This is down from 3.6% the prior year.

Growth
17

Olympic Steel's revenue declined 10% year-over-year, from $2.2B to $1.9B. This contraction results in a growth score of 17/100.

Leverage
92

Olympic Steel carries a low D/E ratio of 0.47, meaning only $0.47 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 92/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
87

With a current ratio of 4.38, Olympic Steel holds $4.38 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 87/100.

Cash Flow
26

While Olympic Steel generated $33.7M in operating cash flow, capex of $29.5M consumed most of it, leaving $4.2M in free cash flow. This results in a low score of 26/100, reflecting heavy capital investment rather than weak cash generation.

Returns
20

Olympic Steel generates a 4.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 20/100. This is down from 8.0% the prior year.

Altman Z-Score Safe
3.80

Olympic Steel scores 3.80, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral
4/9

Olympic Steel passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed
1.47x

For every $1 of reported earnings, Olympic Steel generates $1.47 in operating cash flow ($33.7M OCF vs $23.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate
2.9x

Olympic Steel earns $2.9 in operating income for every $1 of interest expense ($47.9M vs $16.5M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue
$1.9B
YoY-10.0%
5Y CAGR+4.2%
10Y CAGR+3.1%

Olympic Steel generated $1.9B in revenue in fiscal year 2024. This represents a decrease of 10.0% from the prior year.

EBITDA
$78.8M
YoY-24.9%
5Y CAGR+16.9%
10Y CAGR+20.1%

Olympic Steel's EBITDA was $78.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 24.9% from the prior year.

Net Income
$23.0M
YoY-48.4%
5Y CAGR+42.9%

Olympic Steel reported $23.0M in net income in fiscal year 2024. This represents a decrease of 48.4% from the prior year.

EPS (Diluted)
$1.97
YoY-48.8%
5Y CAGR+42.1%

Olympic Steel earned $1.97 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 48.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$4.2M
YoY-97.3%
5Y CAGR-48.8%

Olympic Steel generated $4.2M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 97.3% from the prior year.

Cash & Debt
$11.9M
YoY-9.9%
5Y CAGR+15.7%
10Y CAGR+18.2%

Olympic Steel held $11.9M in cash against $272.5M in long-term debt as of fiscal year 2024.

Dividends Per Share
$0.60
YoY+20.0%
5Y CAGR+49.6%
10Y CAGR+22.3%

Olympic Steel paid $0.60 per share in dividends in fiscal year 2024. This represents an increase of 20.0% from the prior year.

Shares Outstanding
11M
YoY+0.0%
5Y CAGR+0.3%
10Y CAGR+0.1%

Olympic Steel had 11M shares outstanding in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
2.5%
YoY-1.1pp
5Y CAGR+1.4pp
10Y CAGR+3.1pp

Olympic Steel's operating margin was 2.5% in fiscal year 2024, reflecting core business profitability. This is down 1.1 percentage points from the prior year.

Net Margin
1.2%
YoY-0.9pp
5Y CAGR+0.9pp
10Y CAGR+2.5pp

Olympic Steel's net profit margin was 1.2% in fiscal year 2024, showing the share of revenue converted to profit. This is down 0.9 percentage points from the prior year.

Return on Equity
4.0%
YoY-4.0pp
5Y CAGR+2.8pp
10Y CAGR+10.8pp

Olympic Steel's ROE was 4.0% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 4.0 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
$29.5M
YoY+38.3%
5Y CAGR+23.7%
10Y CAGR+14.2%

Olympic Steel invested $29.5M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 38.3% from the prior year.

ZEUS Income Statement

Metric Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24 Q4'23
Revenue $490.7M-1.2% $496.5M+0.7% $492.9M+17.7% $418.8M-10.9% $470.0M-10.7% $526.3M-0.1% $526.6M+7.6% $489.4M
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $31.1M-0.4% $31.3M-0.3% $31.4M+23.0% $25.5M-9.7% $28.2M-3.2% $29.2M-3.3% $30.2M-3.3% $31.2M
Operating Income $7.3M-36.1% $11.4M+45.9% $7.8M-13.4% $9.0M+15.3% $7.8M-48.3% $15.1M-5.2% $15.9M+19.9% $13.3M
Interest Expense $4.1M+4.8% $4.0M-5.4% $4.2M+0.1% $4.2M+7.7% $3.9M-11.7% $4.4M+9.6% $4.0M+10.6% $3.6M
Income Tax $952K-55.8% $2.2M+99.2% $1.1M+19.1% $908K-22.3% $1.2M-61.5% $3.0M-5.5% $3.2M+43.1% $2.2M
Net Income $2.2M-58.9% $5.2M+108.7% $2.5M-35.5% $3.9M+42.2% $2.7M-64.3% $7.7M-11.9% $8.7M+17.4% $7.4M
EPS (Diluted) $0.18-60.0% $0.45+114.3% $0.21 N/A $0.23-65.2% $0.66-12.0% $0.75 N/A

ZEUS Balance Sheet

Metric Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24 Q4'23
Total Assets $1.1B+1.4% $1.1B+1.0% $1.1B+1.9% $1.0B+3.2% $1.0B+0.6% $1.0B-0.5% $1.0B+2.7% $984.8M
Current Assets $614.7M+3.0% $596.8M+0.2% $595.6M+2.6% $580.6M-6.7% $622.4M-0.1% $623.1M-1.4% $632.0M+4.8% $603.2M
Cash & Equivalents $7.5M-49.1% $14.8M+11.7% $13.3M+11.3% $11.9M+7.2% $11.1M+17.7% $9.4M-8.7% $10.3M-21.8% $13.2M
Inventory $383.9M+4.3% $368.0M+2.2% $360.1M-7.8% $390.6M-2.2% $399.4M+3.4% $386.2M-2.8% $397.6M+2.9% $386.5M
Accounts Receivable $209.7M+2.9% $203.7M-4.1% $212.5M+27.9% $166.1M-15.9% $197.6M-8.8% $216.7M+0.9% $214.8M+12.3% $191.1M
Goodwill $83.8M0.0% $83.8M0.0% $83.8M0.0% $83.8M+60.9% $52.1M0.0% $52.1M0.0% $52.1M0.0% $52.1M
Total Liabilities $510.9M+2.9% $496.7M+1.3% $490.5M+4.2% $470.6M+6.6% $441.4M+1.0% $436.8M-2.7% $448.8M+4.5% $429.4M
Current Liabilities $196.9M+1.3% $194.3M+3.1% $188.5M+42.1% $132.6M-25.0% $176.9M+7.0% $165.3M-14.3% $193.0M+7.1% $180.2M
Long-Term Debt $240.9M+3.3% $233.2M-0.9% $235.4M-13.6% $272.5M+38.1% $197.3M-5.7% $209.2M+6.3% $196.8M+3.5% $190.2M
Total Equity $579.1M+0.2% $578.2M+0.7% $574.2M0.0% $573.9M+0.6% $570.6M+0.2% $569.5M+1.1% $563.0M+1.4% $555.5M
Retained Earnings $439.7M+0.1% $439.4M+0.8% $435.9M+0.2% $435.2M+0.5% $433.0M+0.2% $431.9M+1.4% $425.9M+1.7% $418.9M

ZEUS Cash Flow Statement

Metric Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24 Q4'23
Operating Cash Flow -$5.4M-134.8% $15.5M-68.6% $49.4M+239.3% $14.6M-40.9% $24.6M+948.0% -$2.9M-11.3% -$2.6M-104.8% $54.2M
Capital Expenditures $7.5M-13.9% $8.7M-1.6% $8.8M+23.0% $7.2M-20.8% $9.1M+7.6% $8.4M+74.8% $4.8M+173.4% $1.8M
Free Cash Flow -$12.9M-288.7% $6.8M-83.2% $40.6M+449.5% $7.4M-52.5% $15.6M+237.4% -$11.3M-52.5% -$7.4M-114.2% $52.4M
Investing Cash Flow -$7.4M+14.0% -$8.6M+2.3% -$8.8M+89.9% -$87.2M-863.7% -$9.0M-7.8% -$8.4M-74.1% -$4.8M+88.5% -$41.9M
Financing Cash Flow $5.5M+204.1% -$5.3M+86.4% -$39.2M-153.5% $73.4M+627.8% -$13.9M-233.8% $10.4M+128.9% $4.5M+156.1% -$8.1M
Dividends Paid $1.8M+0.1% $1.8M+0.3% $1.8M+6.9% $1.7M+0.2% $1.7M-0.1% $1.7M-0.1% $1.7M+20.1% $1.4M
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

ZEUS Financial Ratios

Metric Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24 Q4'23
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin 1.5%-0.8pp 2.3%+0.7pp 1.6%-0.6pp 2.1%+0.5pp 1.7%-1.2pp 2.9%-0.2pp 3.0%+0.3pp 2.7%
Net Margin 0.4%-0.6pp 1.1%+0.5pp 0.5%-0.4pp 0.9%+0.3pp 0.6%-0.9pp 1.5%-0.2pp 1.7%+0.1pp 1.5%
Return on Equity 0.4%-0.5pp 0.9%+0.5pp 0.4%-0.2pp 0.7%+0.2pp 0.5%-0.9pp 1.4%-0.2pp 1.5%+0.2pp 1.3%
Return on Assets 0.2%-0.3pp 0.5%+0.3pp 0.2%-0.1pp 0.4%+0.1pp 0.3%-0.5pp 0.8%-0.1pp 0.9%+0.1pp 0.8%
Current Ratio 3.12+0.1 3.07-0.1 3.16-1.2 4.38+0.9 3.52-0.3 3.77+0.5 3.28-0.1 3.35
Debt-to-Equity 0.42+0.0 0.400.0 0.41-0.1 0.47+0.1 0.35-0.0 0.37+0.0 0.350.0 0.34
FCF Margin -2.6%-4.0pp 1.4%-6.9pp 8.2%+6.5pp 1.8%-1.5pp 3.3%+5.5pp -2.1%-0.7pp -1.4%-12.1pp 10.7%

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Frequently Asked Questions

Olympic Steel (ZEUS) reported $1.9B in total revenue for fiscal year 2024. This represents a -10.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Olympic Steel (ZEUS) revenue declined by 10% year-over-year, from $2.2B to $1.9B in fiscal year 2024.

Yes, Olympic Steel (ZEUS) reported a net income of $23.0M in fiscal year 2024, with a net profit margin of 1.2%.

Olympic Steel (ZEUS) reported diluted earnings per share of $1.97 for fiscal year 2024. This represents a -48.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Olympic Steel (ZEUS) had EBITDA of $78.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2024, Olympic Steel (ZEUS) had $11.9M in cash and equivalents against $272.5M in long-term debt.

Olympic Steel (ZEUS) had an operating margin of 2.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

Olympic Steel (ZEUS) had a net profit margin of 1.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Yes, Olympic Steel (ZEUS) paid $0.60 per share in dividends during fiscal year 2024.

Olympic Steel (ZEUS) has a return on equity of 4.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

Olympic Steel (ZEUS) generated $4.2M in free cash flow during fiscal year 2024. This represents a -97.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Olympic Steel (ZEUS) generated $33.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

Olympic Steel (ZEUS) had $1.0B in total assets as of fiscal year 2024, including both current and long-term assets.

Olympic Steel (ZEUS) invested $29.5M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Olympic Steel (ZEUS) had 11M shares outstanding as of fiscal year 2024.

Olympic Steel (ZEUS) had a current ratio of 4.38 as of fiscal year 2024, which is generally considered healthy.

Olympic Steel (ZEUS) had a debt-to-equity ratio of 0.47 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

Olympic Steel (ZEUS) had a return on assets of 2.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

Olympic Steel (ZEUS) has an Altman Z-Score of 3.80, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Olympic Steel (ZEUS) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Olympic Steel (ZEUS) has an earnings quality ratio of 1.47x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Olympic Steel (ZEUS) has an interest coverage ratio of 2.9x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Olympic Steel (ZEUS) scores 45 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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