Olympic Steel Financials
Olympic Steel (ZEUS) reported $1.9B in revenue over the twelve months to Sep 30, 2025, down 5.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Olympic Steel’s cash generation is driven as much by inventory and receivables swings as by reported earnings.
FY2021’s working-capital build broke the link between profit and cash: net income was$121.1M while operating cash flow was-$146.4M . The next two years reversed that pattern as inventory and receivables came down; by the latest year, that tailwind had faded, leaving operating cash flow of$33.7M and free cash flow of just$4.2M .
Margin compression is doing more damage than the revenue decline alone suggests: operating margin fell from
The balance sheet looks liquid on the surface, with a current ratio of 4.4x and cash of only
Financial Health Signals
Scored against operating companies for FY2024. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Olympic Steel's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Olympic Steel has an operating margin of 2.5%, meaning the company retains $2 of operating profit per $100 of revenue. This results in a moderate score of 52/100, indicating healthy but not exceptional operating efficiency. This is down from 3.6% the prior year.
Olympic Steel's revenue declined 10.0% year-over-year, from $2.2B to $1.9B. This contraction results in a growth score of 8/100.
Olympic Steel has elevated debt relative to equity (D/E of 0.47), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 18/100, reflecting increased financial risk.
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 88/100.
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 41/100, reflecting heavy capital investment rather than weak cash generation.
Olympic Steel's ROE of 4.0% shows moderate profitability relative to equity, earning a score of 63/100. This is down from 8.0% the prior year.
Olympic Steel scores 3.80, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Olympic Steel passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
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.
Olympic Steel earns $2.91 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
Earnings & Revenue
Olympic Steel generated $1.9B in revenue in fiscal year 2024. This represents a decrease of 10.0% from the prior year.
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.
Olympic Steel reported $23.0M in net income in fiscal year 2024. This represents a decrease of 48.4% from the prior year.
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
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.
Olympic Steel held $11.9M in cash against $272.5M in long-term debt as of fiscal year 2024.
Olympic Steel paid $0.60 per share in dividends in fiscal year 2024. This represents an increase of 20.0% from the prior year.
Margins & Returns
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.
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.
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.
Not reported for fiscal year 2024.
Capital Allocation
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.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
ZEUS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| 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 |
| 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% | $0.21-36.4% | $0.33+43.5% | $0.23-65.2% | $0.66-12.0% | $0.75+17.2% | $0.64 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
ZEUS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| 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
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| 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 |
Not reported in any period shown, so not listed: Share Buybacks.
ZEUS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| 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+0.1x | 3.07-0.1x | 3.16-1.2x | 4.38+0.9x | 3.52-0.3x | 3.77+0.5x | 3.28-0.1x | 3.35 |
| Debt-to-Equity | 0.420.0x | 0.400.0x | 0.41-0.1x | 0.47+0.1x | 0.350.0x | 0.370.0x | 0.350.0x | 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% |
Not reported in any period shown, so not listed: Gross Margin.
Similar Companies
Where Olympic Steel Ranks
Frequently Asked Questions
What is Olympic Steel's annual revenue?
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.
How fast is Olympic Steel's revenue growing?
Olympic Steel (ZEUS) revenue declined by 10.0% year-over-year, from $2.2B to $1.9B in fiscal year 2024.
Is Olympic Steel profitable?
Yes, Olympic Steel (ZEUS) reported a net income of $23.0M in fiscal year 2024, with a net profit margin of 1.2%.
What is Olympic Steel's EBITDA?
Olympic Steel (ZEUS) had EBITDA of $78.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Olympic Steel have?
As of fiscal year 2024, Olympic Steel (ZEUS) had $11.9M in cash and equivalents against $272.5M in long-term debt.
What is Olympic Steel's operating margin?
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.
What is Olympic Steel's net profit margin?
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.
Does Olympic Steel pay dividends?
Yes, Olympic Steel (ZEUS) paid $0.60 per share in dividends during fiscal year 2024.
What is Olympic Steel's return on equity (ROE)?
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.
What is Olympic Steel's free cash flow?
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.
What is Olympic Steel's operating cash flow?
Olympic Steel (ZEUS) generated $33.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Olympic Steel's total assets?
Olympic Steel (ZEUS) had $1.0B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Olympic Steel's capital expenditures?
Olympic Steel (ZEUS) invested $29.5M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Olympic Steel's current ratio?
Olympic Steel (ZEUS) had a current ratio of 4.38 as of fiscal year 2024, which is generally considered healthy.
What is Olympic Steel's debt-to-equity ratio?
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.
What is Olympic Steel's return on assets (ROA)?
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.
What is Olympic Steel's Altman Z-Score?
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.
What is Olympic Steel's Piotroski F-Score?
Olympic Steel (ZEUS) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Olympic Steel's earnings high quality?
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.
Can Olympic Steel cover its interest payments?
Olympic Steel (ZEUS) has an interest coverage ratio of 2.91x, 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.
How financially healthy is Olympic Steel?
Olympic Steel (ZEUS) scores 45 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.