Olympic Steel (ZEUS) Financials

$31.99 -0.94 (-2.85%)

Closing price 05/6/2025 04:00 PM Eastern

Extended Trading

$32.20 +0.21 (+0.66%)

As of 07:26 AM Eastern

Annual Income Statements for Olympic Steel

This table shows Olympic Steel's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	123	94	43	23
Consolidated Net Income / (Loss)	121	91	45	23
Net Income / (Loss) Continuing Operations	121	91	45	23
Total Pre-Tax Income	165	124	62	31
Total Operating Income	172	134	78	48
Total Gross Profit	352	321	284	255
Total Revenue	2,312	2,560	2,158	1,942
Operating Revenue	2,312	2,560	2,158	1,942
Total Cost of Revenue	1,960	2,239	1,874	1,687
Operating Cost of Revenue	1,960	2,239	1,874	1,687
Total Operating Expenses	179	187	207	207
Selling, General & Admin Expense	159	167	180	177
Depreciation Expense	18	17	22	25
Amortization Expense	2.36	2.45	4.90	5.58
Total Other Income / (Expense), net	-7.67	-10	-16	-17
Interest Expense	7.63	10	16	16
Other Income / (Expense), net	-0.04	-0.05	-0.08	-0.09
Income Tax Expense	44	33	17	8.33
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	-2.22	-3.31	1.27	-0.15
Basic Earnings per Share	$10.53	$7.87	$3.85	$1.97
Weighted Average Basic Shares Outstanding	11.49M	11.55M	11.57M	11.68M
Diluted Earnings per Share	$10.52	$7.87	$3.85	$1.97
Weighted Average Diluted Shares Outstanding	11.50M	11.56M	11.58M	11.68M
Weighted Average Basic & Diluted Shares Outstanding	11.12M	11.13M	-	11.14M
Cash Dividends to Common per Share	$0.08	$0.36	$0.50	$0.60

This table shows Olympic Steel's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	14	4.01	9.57	15	12	6.99	8.66	7.66	2.33	4.49
Consolidated Net Income / (Loss)	12	3.96	9.87	15	12	7.41	8.70	7.66	2.73	3.89
Net Income / (Loss) Continuing Operations	12	3.96	9.87	15	12	7.41	8.70	7.66	2.73	3.89
Total Pre-Tax Income	16	4.86	13	22	17	9.65	12	11	3.90	4.80
Total Operating Income	19	7.67	18	26	21	13	16	15	7.81	9.00
Total Gross Profit	64	50	72	78	67	67	69	69	58	58
Total Revenue	634	520	573	569	526	489	527	526	470	419
Operating Revenue	634	520	573	569	526	489	527	526	470	419
Total Cost of Revenue	570	470	501	491	460	422	457	457	412	361
Operating Cost of Revenue	570	470	501	491	460	422	457	457	412	361
Total Operating Expenses	45	42	54	53	46	54	54	54	50	49
Selling, General & Admin Expense	41	37	48	46	40	46	46	47	43	41
Depreciation Expense	4.06	4.52	5.08	5.25	5.01	6.22	6.01	5.84	5.74	6.96
Amortization Expense	0.60	0.63	1.12	1.23	1.18	1.37	1.33	1.39	1.49	1.37
Total Other Income / (Expense), net	-3.02	-2.81	-4.23	-4.23	-3.98	-3.64	-4.03	-4.41	-3.91	-4.21
Interest Expense	3.01	2.80	4.22	4.20	3.95	3.63	4.01	4.39	3.88	4.18
Other Income / (Expense), net	-0.02	-0.01	-0.01	-0.03	-0.03	-0.01	-0.02	-0.02	-0.03	-0.03
Income Tax Expense	4.02	0.90	3.62	6.52	4.67	2.25	3.21	3.04	1.17	0.91
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	-1.72	-0.06	0.30	0.15	0.40	0.42	0.04	0.00	0.41	-0.60
Basic Earnings per Share	$1.04	$0.34	$0.85	$1.30	$1.06	$0.64	$0.75	$0.66	$0.23	$0.33
Weighted Average Basic Shares Outstanding	11.55M	11.55M	11.57M	11.57M	11.59M	11.57M	11.66M	11.66M	11.70M	11.68M
Diluted Earnings per Share	$1.04	$0.34	$0.85	$1.30	$1.06	$0.64	$0.75	$0.66	$0.23	$0.33
Weighted Average Diluted Shares Outstanding	11.56M	11.56M	11.57M	11.57M	11.59M	11.58M	11.66M	11.66M	11.70M	11.68M
Weighted Average Basic & Diluted Shares Outstanding	11.13M	11.13M	11.13M	11.13M	11.13M	0.00	11.13M	11.13M	11.13M	11.14M
Cash Dividends to Common per Share	$0.09	$0.09	$0.13	$0.13	$0.13	$0.13	$0.15	$0.15	$0.15	$0.15

This table details how cash moves in and out of Olympic Steel's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	4.28	2.38	1.04	-1.31
Net Cash From Operating Activities	-146	186	175	34
Net Cash From Continuing Operating Activities	-146	186	176	34
Net Income / (Loss) Continuing Operations	121	91	45	23
Consolidated Net Income / (Loss)	121	91	45	23
Depreciation Expense	21	20	27	31
Non-Cash Adjustments To Reconcile Net Income	1.75	0.42	0.43	-5.73
Changes in Operating Assets and Liabilities, net	-290	74	104	-14
Net Cash From Investing Activities	-13	-17	-191	-109
Net Cash From Continuing Investing Activities	-13	-17	-191	-109
Purchase of Property, Plant & Equipment	-11	-20	-21	-29
Acquisitions	-12	0.00	-170	-80
Sale of Property, Plant & Equipment	0.15	3.29	0.25	0.06
Net Cash From Financing Activities	164	-167	17	74
Net Cash From Continuing Financing Activities	164	-167	17	74
Repayment of Debt	-591	-847	-718	-600
Payment of Dividends	-0.89	-4.01	-5.57	-6.68
Issuance of Debt	758	685	743	682
Other Financing Activities, net	-2.15	-0.80	-2.26	-1.14
Cash Interest Paid	6.84	9.64	15	15
Cash Income Taxes Paid	47	33	14	10

This table details how cash moves in and out of Olympic Steel's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	1.79	1.96	6.22	-3.24	-6.08	4.13	-2.88	-0.90	1.67	0.80
Net Cash From Operating Activities	51	88	52	27	42	54	-2.61	-2.90	25	15
Net Cash From Continuing Operating Activities	51	88	52	27	42	55	-2.61	-2.90	25	15
Net Income / (Loss) Continuing Operations	12	3.96	9.87	15	12	7.41	8.70	7.66	2.73	3.89
Consolidated Net Income / (Loss)	12	3.96	9.87	15	12	7.41	8.70	7.66	2.73	3.89
Depreciation Expense	4.67	5.61	6.20	6.47	6.19	8.32	7.33	7.28	7.18	9.12
Non-Cash Adjustments To Reconcile Net Income	-0.66	0.74	-1.27	9.22	2.73	-10	-0.26	1.26	-4.28	-2.44
Changes in Operating Assets and Liabilities, net	34	78	38	-4.15	20	50	-19	-19	19	4.59
Net Cash From Investing Activities	-3.94	-5.89	-137	-7.70	-4.45	-42	-4.82	-8.39	-9.05	-87
Net Cash From Continuing Investing Activities	-3.94	-5.89	-137	-7.70	-4.45	-42	-4.82	-8.39	-9.05	-87
Purchase of Property, Plant & Equipment	-3.94	-5.89	-7.42	-7.70	-4.45	-1.76	-4.82	-8.42	-9.07	-7.18
Acquisitions	-	-	-129	-	-	-40	0.00	-	-	-80
Sale of Property, Plant & Equipment	-	-	0.12	0.00	0.00	0.12	0.00	0.04	0.02	0.01
Net Cash From Financing Activities	-45	-80	91	-22	-43	-8.10	4.54	10	-14	73
Net Cash From Continuing Financing Activities	-45	-80	91	-22	-43	-8.10	4.54	10	-14	73
Repayment of Debt	-235	-188	-170	-176	-176	-197	-160	-151	-151	-138
Payment of Dividends	-1.00	-1.00	-1.39	-1.39	-1.39	-1.39	-1.67	-1.67	-1.67	-1.67
Issuance of Debt	191	110	263	155	134	190	167	163	139	213
Other Financing Activities, net	-0.21	-0.16	-1.16	-0.39	-0.33	-0.38	-0.39	-0.32	-0.33	-0.10
Cash Interest Paid	2.89	2.74	3.56	4.08	3.84	3.49	3.59	4.10	3.80	3.79
Cash Income Taxes Paid	4.30	10	0.12	3.70	1.78	8.00	-0.07	6.80	0.77	2.54

This table presents Olympic Steel's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	1,024	892	985	1,044
Total Current Assets	789	658	603	581
Cash & Equivalents	9.81	12	13	12
Accounts Receivable	285	220	191	166
Inventories, net	485	417	387	391
Prepaid Expenses	9.99	9.20	12	12
Plant, Property, & Equipment, net	147	148	186	204
Plant, Property & Equipment, gross	413	430	483	520
Accumulated Depreciation	266	281	297	316
Total Noncurrent Assets	87	85	196	260
Goodwill	10	10	52	84
Intangible Assets	34	32	93	118
Other Noncurrent Operating Assets	43	43	51	58
Total Liabilities & Shareholders' Equity	1,024	892	985	1,044
Total Liabilities	599	376	429	471
Total Current Liabilities	224	165	180	133
Accounts Payable	149	101	120	81
Accrued Expenses	25	17	23	22
Current Employee Benefit Liabilities	44	40	30	24
Other Current Liabilities	5.94	6.10	7.81	5.87
Total Noncurrent Liabilities	375	211	249	338
Long-Term Debt	328	166	190	272
Noncurrent Deferred & Payable Income Tax Liabilities	9.89	10	12	11
Other Noncurrent Operating Liabilities	37	35	47	54
Commitments & Contingencies	0.00	-	0.00	0.00
Total Equity & Noncontrolling Interests	424	516	555	574
Total Preferred & Common Equity	424	516	555	574
Preferred Stock	0.00	0.00	0.00	0.00
Total Common Equity	424	516	555	574
Common Stock	133	135	137	139
Retained Earnings	293	380	419	435
Accumulated Other Comprehensive Income / (Loss)	-2.00	1.31	0.04	0.19

This table presents Olympic Steel's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	1,037	1,027	1,014	993	1,012	1,006	1,012
Total Current Assets	805	669	661	642	632	623	622
Cash & Equivalents	10	18	15	9.09	10	9.44	11
Accounts Receivable	279	237	228	228	215	217	198
Inventories, net	508	408	406	392	398	386	399
Prepaid Expenses	7.45	6.26	12	13	9.30	11	14
Plant, Property, & Equipment, net	147	173	175	174	185	187	193
Plant, Property & Equipment, gross	424	456	463	466	488	496	507
Accumulated Depreciation	277	283	288	292	303	309	314
Total Noncurrent Assets	85	185	178	177	195	196	197
Goodwill	10	44	44	44	52	52	52
Intangible Assets	32	86	85	84	92	90	89
Other Noncurrent Operating Assets	42	55	50	49	52	53	55
Total Liabilities & Shareholders' Equity	1,037	1,027	1,014	993	1,012	1,006	1,012
Total Liabilities	524	502	476	443	449	437	441
Total Current Liabilities	231	188	179	186	193	165	177
Accounts Payable	167	143	124	128	149	119	125
Accrued Expenses	19	21	23	22	19	19	23
Current Employee Benefit Liabilities	38	18	25	30	16	21	23
Other Current Liabilities	6.12	6.92	6.88	7.02	7.79	6.58	5.67
Total Noncurrent Liabilities	294	314	297	257	256	272	264
Long-Term Debt	244	259	238	197	197	209	197
Noncurrent Deferred & Payable Income Tax Liabilities	16	11	14	16	11	11	12
Other Noncurrent Operating Liabilities	33	45	45	45	48	52	56
Total Equity & Noncontrolling Interests	513	525	538	549	563	569	571
Total Preferred & Common Equity	513	525	538	549	563	569	571
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	513	525	538	549	563	569	571
Common Stock	134	135	136	136	137	138	138
Retained Earnings	377	388	402	413	426	432	433
Accumulated Other Comprehensive Income / (Loss)	1.26	1.01	0.86	0.46	0.00	0.00	-0.41

This table displays calculated financial ratios and metrics derived from Olympic Steel's official financial filings.

Metric	2021	2022	2023	2024
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-
Revenue Growth	87.36%	10.71%	-15.70%	-10.03%
EBITDA Growth	842.97%	-20.41%	-31.93%	-24.90%
EBIT Growth	34,386.00%	-22.46%	-41.97%	-38.44%
NOPAT Growth	31,483.82%	-22.34%	-42.92%	-37.44%
Net Income Growth	2,263.56%	-24.88%	-51.03%	-48.39%
EPS Growth	2,246.94%	-25.19%	-51.08%	-48.83%
Operating Cash Flow Growth	-337.42%	226.97%	-5.75%	-80.77%
Free Cash Flow Firm Growth	-500.56%	207.34%	-104.00%	-875.44%
Invested Capital Growth	62.77%	-9.83%	9.41%	13.93%
Revenue Q/Q Growth	14.51%	-3.92%	-1.40%	0.00%
EBITDA Q/Q Growth	19.07%	-15.44%	8.62%	0.00%
EBIT Q/Q Growth	21.83%	-17.62%	7.80%	0.00%
NOPAT Q/Q Growth	22.69%	-17.09%	7.76%	0.00%
Net Income Q/Q Growth	23.55%	-18.69%	8.40%	0.00%
EPS Q/Q Growth	23.62%	-18.78%	8.45%	0.00%
Operating Cash Flow Q/Q Growth	-55.82%	135.67%	-16.01%	0.00%
Free Cash Flow Firm Q/Q Growth	-41.00%	220.33%	-111.06%	-234.20%
Invested Capital Q/Q Growth	8.94%	-10.34%	-0.58%	10.27%
Profitability Metrics	-	-	-	-
Gross Margin	15.21%	12.53%	13.17%	13.13%
EBITDA Margin	8.36%	6.01%	4.85%	4.05%
Operating Margin	7.46%	5.22%	3.60%	2.46%
EBIT Margin	7.46%	5.22%	3.60%	2.46%
Profit (Net Income) Margin	5.24%	3.55%	2.06%	1.18%
Tax Burden Percent	73.45%	73.56%	72.30%	73.41%
Interest Burden Percent	95.57%	92.46%	79.37%	65.54%
Effective Tax Rate	26.55%	26.44%	27.70%	26.59%
Return on Invested Capital (ROIC)	21.14%	13.94%	8.01%	4.48%
ROIC Less NNEP Spread (ROIC-NNEP)	18.76%	10.78%	0.97%	-1.07%
Return on Net Nonoperating Assets (RNNOA)	12.23%	5.40%	0.30%	-0.41%
Return on Equity (ROE)	33.37%	19.34%	8.31%	4.07%
Cash Return on Invested Capital (CROIC)	-26.64%	24.27%	-0.98%	-8.54%
Operating Return on Assets (OROA)	20.72%	13.96%	8.27%	4.71%
Return on Assets (ROA)	14.55%	9.50%	4.75%	2.26%
Return on Common Equity (ROCE)	33.37%	19.34%	8.31%	4.07%
Return on Equity Simple (ROE_SIMPLE)	28.52%	17.62%	8.02%	4.00%
Net Operating Profit after Tax (NOPAT)	127	98	56	35
NOPAT Margin	5.48%	3.84%	2.60%	1.81%
Net Nonoperating Expense Percent (NNEP)	2.38%	3.16%	7.04%	5.55%
Return On Investment Capital (ROIC_SIMPLE)	-	14.43%	7.53%	4.15%
Cost of Revenue to Revenue	84.79%	87.47%	86.83%	86.87%
SG&A Expenses to Revenue	6.88%	6.54%	8.35%	9.11%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	7.75%	7.31%	9.57%	10.67%
Earnings before Interest and Taxes (EBIT)	172	134	78	48
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	193	154	105	79
Valuation Ratios	-	-	-	-
Price to Book Value (P/BV)	0.60	0.71	1.32	0.64
Price to Tangible Book Value (P/TBV)	0.67	0.77	1.79	0.98
Price to Revenue (P/Rev)	0.11	0.14	0.34	0.19
Price to Earnings (P/E)	2.06	3.88	16.95	15.79
Dividend Yield	0.35%	1.10%	0.76%	1.83%
Earnings Yield	48.64%	25.79%	5.90%	6.33%
Enterprise Value to Invested Capital (EV/IC)	0.77	0.78	1.24	0.75
Enterprise Value to Revenue (EV/Rev)	0.25	0.20	0.42	0.32
Enterprise Value to EBITDA (EV/EBITDA)	2.95	3.37	8.69	7.95
Enterprise Value to EBIT (EV/EBIT)	3.31	3.88	11.73	13.10
Enterprise Value to NOPAT (EV/NOPAT)	4.51	5.27	16.21	17.81
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	2.79	5.20	18.58
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	3.03	0.00	0.00
Leverage & Solvency	-	-	-	-
Debt to Equity	0.77	0.32	0.34	0.47
Long-Term Debt to Equity	0.77	0.32	0.34	0.47
Financial Leverage	0.65	0.50	0.31	0.39
Leverage Ratio	2.29	2.04	1.75	1.80
Compound Leverage Factor	2.19	1.88	1.39	1.18
Debt to Total Capital	43.57%	24.30%	25.51%	32.19%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	43.57%	24.30%	25.51%	32.19%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	56.43%	75.70%	74.49%	67.81%
Debt to EBITDA	1.69	1.08	1.82	3.46
Net Debt to EBITDA	1.64	1.00	1.69	3.31
Long-Term Debt to EBITDA	1.69	1.08	1.82	3.46
Debt to NOPAT	2.59	1.68	3.39	7.76
Net Debt to NOPAT	2.51	1.56	3.15	7.42
Long-Term Debt to NOPAT	2.59	1.68	3.39	7.76
Altman Z-Score	4.13	5.21	4.59	3.57
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-
Current Ratio	3.52	4.00	3.35	4.38
Quick Ratio	1.31	1.41	1.13	1.34
Cash Flow Metrics	-	-	-	-
Free Cash Flow to Firm (FCFF)	-160	171	-6.86	-67
Operating Cash Flow to CapEx	-1,347.21%	1,122.23%	831.12%	114.45%
Free Cash Flow to Firm to Interest Expense	-20.92	17.00	-0.43	-4.06
Operating Cash Flow to Interest Expense	-19.18	18.44	10.94	2.05
Operating Cash Flow Less CapEx to Interest Expense	-20.61	16.79	9.63	0.26
Efficiency Ratios	-	-	-	-
Asset Turnover	2.78	2.67	2.30	1.91
Accounts Receivable Turnover	10.60	10.15	10.50	10.87
Inventory Turnover	5.41	4.97	4.66	4.34
Fixed Asset Turnover	15.20	17.33	12.91	9.96
Accounts Payable Turnover	16.62	17.91	16.95	16.83
Days Sales Outstanding (DSO)	34.43	35.96	34.75	33.58
Days Inventory Outstanding (DIO)	67.49	73.51	78.25	84.09
Days Payable Outstanding (DPO)	21.96	20.38	21.54	21.69
Cash Conversion Cycle (CCC)	79.96	89.09	91.46	95.98
Capital & Investment Metrics	-	-	-	-
Invested Capital	742	669	732	834
Invested Capital Turnover	3.86	3.63	3.08	2.48
Increase / (Decrease) in Invested Capital	286	-73	63	102
Enterprise Value (EV)	571	519	910	626
Market Capitalization	253	365	733	365
Book Value per Share	$38.32	$46.36	$49.90	$51.55
Tangible Book Value per Share	$34.33	$42.54	$36.90	$33.42
Total Capital	752	682	746	846
Total Debt	328	166	190	272
Total Long-Term Debt	328	166	190	272
Net Debt	318	153	177	261
Capital Expenditures (CapEx)	11	17	21	29
Debt-free, Cash-free Net Working Capital (DFCFNWC)	555	481	410	436
Debt-free Net Working Capital (DFNWC)	565	493	423	448
Net Working Capital (NWC)	565	493	423	448
Net Nonoperating Expense (NNE)	5.63	7.45	12	12
Net Nonoperating Obligations (NNO)	318	153	177	261
Total Depreciation and Amortization (D&A)	21	20	27	31
Debt-free, Cash-free Net Working Capital to Revenue	24.01%	18.80%	18.98%	22.46%
Debt-free Net Working Capital to Revenue	24.44%	19.27%	19.60%	23.07%
Net Working Capital to Revenue	24.44%	19.27%	19.60%	23.07%
Earnings Adjustments	-	-	-	-
Adjusted Basic Earnings per Share	$10.53	$7.87	$0.00	$1.97
Adjusted Weighted Average Basic Shares Outstanding	11.49M	11.55M	0.00	11.68M
Adjusted Diluted Earnings per Share	$10.52	$7.87	$0.00	$1.97
Adjusted Weighted Average Diluted Shares Outstanding	11.50M	11.56M	0.00	11.68M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	11.12M	11.13M	0.00	11.14M
Normalized Net Operating Profit after Tax (NOPAT)	127	98	56	35
Normalized NOPAT Margin	5.48%	3.84%	2.60%	1.81%
Pre Tax Income Margin	7.13%	4.83%	2.85%	1.61%
Debt Service Ratios	-	-	-	-
EBIT to Interest Expense	22.60	13.26	4.85	2.90
NOPAT to Interest Expense	16.60	9.76	3.51	2.13
EBIT Less CapEx to Interest Expense	21.17	11.62	3.53	1.11
NOPAT Less CapEx to Interest Expense	15.18	8.12	2.19	0.35
Payout Ratios	-	-	-	-
Dividend Payout Ratio	0.73%	4.41%	12.50%	29.07%
Augmented Payout Ratio	0.73%	4.41%	12.50%	29.07%

This table displays calculated financial ratios and metrics derived from Olympic Steel's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-5.09%	-16.74%	-17.70%	-19.73%	-17.03%	-5.89%	-8.10%	-7.56%	-10.72%	-14.43%
EBITDA Growth	-64.44%	-67.91%	-58.69%	-44.98%	14.21%	62.64%	-2.49%	-30.54%	-44.16%	-16.22%
EBIT Growth	-69.32%	-78.86%	-66.65%	-52.19%	9.38%	73.21%	-10.12%	-41.39%	-62.68%	-32.42%
NOPAT Growth	-68.87%	-76.27%	-66.54%	-54.27%	5.56%	63.27%	-10.26%	-39.78%	-63.80%	-28.45%
Net Income Growth	-72.95%	-84.08%	-73.53%	-60.08%	1.53%	87.12%	-11.90%	-49.00%	-77.65%	-47.50%
EPS Growth	-73.13%	-84.26%	-73.68%	-60.12%	1.92%	88.24%	-11.76%	-49.23%	-78.30%	-48.44%
Operating Cash Flow Growth	262.26%	550.45%	252.35%	-18.44%	-17.41%	-38.14%	-104.97%	-110.85%	-41.09%	-73.11%
Free Cash Flow Firm Growth	70.17%	130.47%	106.38%	127.56%	149.11%	-166.68%	93.14%	-91.09%	-158.23%	-79.34%
Invested Capital Growth	9.56%	-9.83%	-0.14%	-2.24%	-1.32%	9.41%	-2.02%	1.01%	2.72%	13.93%
Revenue Q/Q Growth	-10.54%	-18.03%	10.20%	-0.66%	-7.53%	-7.03%	0.00%	-0.07%	-10.69%	-10.90%
EBITDA Q/Q Growth	-59.52%	-44.32%	81.08%	34.79%	-15.96%	-20.71%	0.00%	-3.99%	-32.43%	18.95%
EBIT Q/Q Growth	-64.59%	-59.79%	131.02%	45.35%	-18.98%	-36.33%	0.00%	-5.21%	-48.42%	15.32%
NOPAT Q/Q Growth	-63.57%	-56.35%	107.62%	38.54%	-15.91%	-32.50%	0.00%	-7.03%	-49.45%	33.42%
Net Income Q/Q Growth	-67.98%	-67.13%	149.36%	52.14%	-18.57%	-39.43%	0.00%	-11.92%	-64.31%	42.25%
EPS Q/Q Growth	-68.10%	-67.31%	150.00%	52.94%	-18.46%	-39.62%	0.00%	-12.00%	-65.15%	43.48%
Operating Cash Flow Q/Q Growth	54.29%	72.99%	-40.10%	-48.98%	56.24%	29.56%	0.00%	-11.35%	948.00%	-40.86%
Free Cash Flow Firm Q/Q Growth	60.44%	255.73%	-82.29%	152.53%	-29.50%	-311.46%	0.00%	-88.35%	-560.49%	-551.30%
Invested Capital Q/Q Growth	-4.16%	-10.34%	14.26%	-0.44%	-3.25%	-0.58%	0.00%	2.64%	-1.62%	10.27%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	10.16%	9.56%	12.57%	13.78%	12.66%	13.73%	13.19%	13.11%	12.39%	13.91%
EBITDA Margin	3.76%	2.55%	4.20%	5.69%	5.17%	4.41%	4.45%	4.28%	3.24%	4.32%
Operating Margin	3.01%	1.48%	3.09%	4.53%	3.97%	2.72%	3.03%	2.87%	1.66%	2.15%
EBIT Margin	3.01%	1.47%	3.09%	4.52%	3.96%	2.71%	3.02%	2.87%	1.66%	2.14%
Profit (Net Income) Margin	1.90%	0.76%	1.72%	2.64%	2.32%	1.51%	1.65%	1.46%	0.58%	0.93%
Tax Burden Percent	75.00%	81.41%	73.19%	69.72%	72.35%	76.74%	73.03%	71.62%	70.05%	81.07%
Interest Burden Percent	84.23%	63.43%	76.16%	83.67%	81.05%	72.69%	74.81%	70.89%	50.15%	53.45%
Effective Tax Rate	25.00%	18.59%	26.81%	30.28%	27.65%	23.26%	26.97%	28.38%	29.95%	18.93%
Return on Invested Capital (ROIC)	8.42%	4.36%	7.21%	9.41%	8.47%	6.42%	0.00%	0.00%	0.00%	4.32%
ROIC Less NNEP Spread (ROIC-NNEP)	7.54%	3.39%	6.07%	8.24%	7.10%	4.73%	0.00%	0.00%	0.00%	2.76%
Return on Net Nonoperating Assets (RNNOA)	4.28%	1.70%	3.34%	3.99%	2.82%	1.46%	0.00%	0.00%	0.00%	1.07%
Return on Equity (ROE)	12.69%	6.05%	10.54%	13.40%	11.29%	7.87%	0.00%	0.00%	0.00%	5.39%
Cash Return on Invested Capital (CROIC)	7.49%	24.27%	9.63%	8.93%	8.36%	-0.98%	2.04%	-1.00%	-2.68%	-8.54%
Operating Return on Assets (OROA)	7.98%	3.94%	7.27%	9.89%	8.55%	6.24%	0.00%	0.00%	0.00%	4.10%
Return on Assets (ROA)	5.04%	2.04%	4.05%	5.77%	5.01%	3.48%	0.00%	0.00%	0.00%	1.78%
Return on Common Equity (ROCE)	12.69%	6.05%	10.54%	13.40%	11.29%	7.87%	0.00%	0.00%	0.00%	5.39%
Return on Equity Simple (ROE_SIMPLE)	21.81%	0.00%	12.11%	7.60%	7.48%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	14	6.25	13	18	15	10	12	11	5.47	7.30
NOPAT Margin	2.26%	1.20%	2.26%	3.16%	2.87%	2.08%	2.21%	2.06%	1.16%	1.74%
Net Nonoperating Expense Percent (NNEP)	0.88%	0.97%	1.14%	1.17%	1.37%	1.69%	1.38%	1.50%	1.46%	1.56%
Return On Investment Capital (ROIC_SIMPLE)	-	0.92%	-	-	-	1.37%	-	-	-	0.86%
Cost of Revenue to Revenue	89.84%	90.44%	87.43%	86.22%	87.34%	86.27%	86.81%	86.89%	87.61%	86.09%
SG&A Expenses to Revenue	6.41%	7.10%	8.40%	8.11%	7.52%	9.47%	8.77%	8.87%	9.19%	9.77%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	7.15%	8.08%	9.48%	9.25%	8.69%	11.01%	10.16%	10.24%	10.73%	11.76%
Earnings before Interest and Taxes (EBIT)	19	7.67	18	26	21	13	16	15	7.78	8.98
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	24	13	24	32	27	22	23	23	15	18
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.49	0.71	1.09	1.00	1.13	1.32	1.40	0.88	0.76	0.64
Price to Tangible Book Value (P/TBV)	0.53	0.77	1.45	1.32	1.47	1.79	1.88	1.17	1.01	0.98
Price to Revenue (P/Rev)	0.09	0.14	0.24	0.24	0.28	0.34	0.00	0.00	0.00	0.19
Price to Earnings (P/E)	2.15	3.88	8.86	12.80	15.36	16.95	0.00	0.00	0.00	15.79
Dividend Yield	1.29%	1.10%	0.77%	0.89%	0.84%	0.76%	0.74%	1.23%	1.47%	1.83%
Earnings Yield	46.49%	25.79%	11.29%	7.81%	6.51%	5.90%	0.00%	0.00%	0.00%	6.33%
Enterprise Value to Invested Capital (EV/IC)	0.65	0.78	1.06	1.00	1.09	1.24	1.30	0.91	0.82	0.75
Enterprise Value to Revenue (EV/Rev)	0.18	0.20	0.33	0.33	0.37	0.42	0.00	0.00	0.00	0.32
Enterprise Value to EBITDA (EV/EBITDA)	2.66	3.37	6.80	8.19	8.36	8.69	0.00	0.00	0.00	7.95
Enterprise Value to EBIT (EV/EBIT)	2.98	3.88	8.28	10.87	11.20	11.73	0.00	0.00	0.00	13.10
Enterprise Value to NOPAT (EV/NOPAT)	4.07	5.27	11.21	14.87	15.47	16.21	0.00	0.00	0.00	17.81
Enterprise Value to Operating Cash Flow (EV/OCF)	6.13	2.79	3.64	3.51	3.87	5.20	0.00	0.00	0.00	18.58
Enterprise Value to Free Cash Flow (EV/FCFF)	9.04	3.03	11.05	11.09	13.01	0.00	62.96	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.48	0.32	0.49	0.44	0.36	0.34	0.35	0.37	0.35	0.47
Long-Term Debt to Equity	0.48	0.32	0.49	0.44	0.36	0.34	0.35	0.37	0.35	0.47
Financial Leverage	0.57	0.50	0.55	0.48	0.40	0.31	0.39	0.38	0.33	0.39
Leverage Ratio	2.20	2.04	2.10	2.02	1.91	1.75	1.87	1.82	1.79	1.80
Compound Leverage Factor	1.86	1.29	1.60	1.69	1.55	1.27	1.40	1.29	0.90	0.96
Debt to Total Capital	32.27%	24.30%	33.03%	30.67%	26.35%	25.51%	25.90%	26.87%	25.69%	32.19%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	32.27%	24.30%	33.03%	30.67%	26.35%	25.51%	25.90%	26.87%	25.69%	32.19%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	67.73%	75.70%	66.97%	69.33%	73.65%	74.49%	74.10%	73.13%	74.31%	67.81%
Debt to EBITDA	1.34	1.08	2.16	2.56	2.04	1.82	0.00	0.00	0.00	3.46
Net Debt to EBITDA	1.29	1.00	2.01	2.39	1.94	1.69	0.00	0.00	0.00	3.31
Long-Term Debt to EBITDA	1.34	1.08	2.16	2.56	2.04	1.82	0.00	0.00	0.00	3.46
Debt to NOPAT	2.06	1.68	3.56	4.64	3.77	3.39	0.00	0.00	0.00	7.76
Net Debt to NOPAT	1.97	1.56	3.31	4.34	3.60	3.15	0.00	0.00	0.00	7.42
Long-Term Debt to NOPAT	2.06	1.68	3.56	4.64	3.77	3.39	0.00	0.00	0.00	7.76
Altman Z-Score	4.09	4.74	4.21	4.16	4.24	4.37	2.21	1.88	1.74	3.45
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.49	4.00	3.56	3.69	3.44	3.35	3.28	3.77	3.52	4.38
Quick Ratio	1.26	1.41	1.36	1.36	1.27	1.13	1.17	1.37	1.18	1.34
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-51	79	14	35	25	-53	27	3.16	-15	-95
Operating Cash Flow to CapEx	1,284.27%	1,486.22%	719.24%	347.57%	940.24%	3,302.44%	-54.13%	-34.62%	272.23%	203.02%
Free Cash Flow to Firm to Interest Expense	-16.91	28.25	3.32	8.43	6.32	-14.56	6.76	0.72	-3.75	-22.67
Operating Cash Flow to Interest Expense	16.83	31.22	12.42	6.37	10.58	14.93	-0.65	-0.66	6.35	3.49
Operating Cash Flow Less CapEx to Interest Expense	15.52	29.12	10.69	4.53	9.45	14.48	-1.85	-2.57	4.02	1.77
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.65	2.67	2.35	2.19	2.16	2.30	0.00	0.00	0.00	1.91
Accounts Receivable Turnover	9.15	10.15	8.76	8.37	8.63	10.50	0.00	0.00	0.00	10.87
Inventory Turnover	4.98	4.97	4.86	4.43	4.27	4.66	0.00	0.00	0.00	4.34
Fixed Asset Turnover	18.10	17.33	15.41	14.27	13.62	12.91	0.00	0.00	0.00	9.96
Accounts Payable Turnover	14.10	17.91	14.02	13.26	13.04	16.95	0.00	0.00	0.00	16.83
Days Sales Outstanding (DSO)	39.90	35.96	41.67	43.61	42.29	34.75	0.00	0.00	0.00	33.58
Days Inventory Outstanding (DIO)	73.27	73.51	75.13	82.36	85.50	78.25	0.00	0.00	0.00	84.09
Days Payable Outstanding (DPO)	25.88	20.38	26.03	27.52	27.99	21.54	0.00	0.00	0.00	21.69
Cash Conversion Cycle (CCC)	87.29	89.09	90.77	98.45	99.80	91.46	0.00	0.00	0.00	95.98
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	747	669	765	762	737	732	749	769	757	834
Invested Capital Turnover	3.73	3.63	3.18	2.98	2.95	3.08	0.00	0.00	0.00	2.48
Increase / (Decrease) in Invested Capital	65	-73	-1.06	-17	-9.87	63	-15	7.66	20	102
Enterprise Value (EV)	483	519	814	763	806	910	973	699	620	626
Market Capitalization	249	365	574	540	619	733	787	499	434	365
Book Value per Share	$46.07	$46.36	$47.13	$48.37	$49.34	$49.90	$48.27	$51.15	$51.26	$51.55
Tangible Book Value per Share	$42.21	$42.54	$35.49	$36.81	$37.87	$36.90	$35.95	$38.35	$38.55	$33.42
Total Capital	757	682	783	777	746	746	760	779	768	846
Total Debt	244	166	259	238	197	190	197	209	197	272
Total Long-Term Debt	244	166	259	238	197	190	197	209	197	272
Net Debt	234	153	240	223	187	177	186	200	186	261
Capital Expenditures (CapEx)	3.94	5.89	7.29	7.70	4.45	1.64	4.82	8.39	9.05	7.17
Debt-free, Cash-free Net Working Capital (DFCFNWC)	564	481	463	467	446	410	429	448	434	436
Debt-free Net Working Capital (DFNWC)	574	493	481	482	456	423	439	458	445	448
Net Working Capital (NWC)	574	493	481	482	456	423	439	458	445	448
Net Nonoperating Expense (NNE)	2.27	2.29	3.10	2.95	2.88	2.79	2.94	3.16	2.74	3.41
Net Nonoperating Obligations (NNO)	234	153	240	223	187	177	186	200	186	261
Total Depreciation and Amortization (D&A)	4.78	5.61	6.33	6.67	6.38	8.32	7.53	7.42	7.43	9.12
Debt-free, Cash-free Net Working Capital to Revenue	21.17%	18.80%	19.00%	20.32%	20.40%	18.98%	0.00%	0.00%	0.00%	22.46%
Debt-free Net Working Capital to Revenue	21.56%	19.27%	19.76%	20.98%	20.81%	19.60%	0.00%	0.00%	0.00%	23.07%
Net Working Capital to Revenue	21.56%	19.27%	19.76%	20.98%	20.81%	19.60%	0.00%	0.00%	0.00%	23.07%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.04	$0.34	$0.85	$1.30	$1.06	$0.64	$0.75	$0.66	$0.23	$0.33
Adjusted Weighted Average Basic Shares Outstanding	11.55M	11.55M	11.57M	11.57M	11.59M	11.57M	11.66M	11.66M	11.70M	11.68M
Adjusted Diluted Earnings per Share	$1.04	$0.34	$0.85	$1.30	$1.06	$0.64	$0.75	$0.66	$0.23	$0.33
Adjusted Weighted Average Diluted Shares Outstanding	11.56M	11.56M	11.57M	11.57M	11.59M	11.58M	11.66M	11.66M	11.70M	11.68M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	11.13M	11.13M	11.13M	11.13M	11.13M	0.00	11.13M	11.13M	11.13M	11.14M
Normalized Net Operating Profit after Tax (NOPAT)	14	6.25	13	18	15	10	12	11	5.47	7.30
Normalized NOPAT Margin	2.26%	1.20%	2.26%	3.16%	2.87%	2.08%	2.21%	2.06%	1.16%	1.74%
Pre Tax Income Margin	2.53%	0.94%	2.35%	3.78%	3.21%	1.97%	2.26%	2.03%	0.83%	1.15%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.34	2.73	4.19	6.13	5.28	3.66	3.97	3.43	2.01	2.15
NOPAT to Interest Expense	4.76	2.23	3.07	4.28	3.82	2.81	2.90	2.46	1.41	1.75
EBIT Less CapEx to Interest Expense	5.03	0.63	2.47	4.29	4.15	3.21	2.77	1.53	-0.33	0.43
NOPAT Less CapEx to Interest Expense	3.45	0.13	1.34	2.44	2.70	2.36	1.70	0.55	-0.92	0.03
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	2.88%	4.41%	6.92%	11.70%	12.60%	12.50%	0.00%	0.00%	0.00%	29.07%
Augmented Payout Ratio	2.88%	4.41%	6.92%	11.70%	12.60%	12.50%	0.00%	0.00%	0.00%	29.07%

Frequently Asked Questions About Olympic Steel's Financials

When does Olympic Steel's financial year end?

According to the most recent income statement we have on file, Olympic Steel's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Olympic Steel's net income changed over the last 3 years?

Olympic Steel's net income appears to be on a downward trend, with a most recent value of $22.98 million in 2024, falling from $121.05 million in 2021. The previous period was $44.53 million in 2023. Check out Olympic Steel's forecast to explore projected trends and price targets.

What is Olympic Steel's operating income?

Olympic Steel's total operating income in 2024 was $47.86 million, based on the following breakdown:

Total Gross Profit: $254.94 million
Total Operating Expenses: $207.09 million

How has Olympic Steel revenue changed over the last 3 years?

Over the last 3 years, Olympic Steel's total revenue changed from $2.31 billion in 2021 to $1.94 billion in 2024, a change of -16.0%.

How much debt does Olympic Steel have?

Olympic Steel's total liabilities were at $470.57 million at the end of 2024, a 9.6% increase from 2023, and a 21.5% decrease since 2021.

How much cash does Olympic Steel have?

In the past 3 years, Olympic Steel's cash and equivalents has ranged from $9.81 million in 2021 to $13.22 million in 2023, and is currently $11.91 million as of their latest financial filing in 2024.

How has Olympic Steel's book value per share changed over the last 3 years?

Over the last 3 years, Olympic Steel's book value per share changed from 38.32 in 2021 to 51.55 in 2024, a change of 34.5%.

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This page (NASDAQ:ZEUS) was last updated on 5/7/2025 by MarketBeat.com Staff

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Olympic Steel (ZEUS) Financials

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Olympic Steel (ZEUS) Financials

Annual Income Statements for Olympic Steel

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