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Metallus

MTUS NYSE Steel Financials FY2016–FY2025

Metallus' revenue rose 6.8% to $1.2 billion in fiscal 2025. Its net margin was −0.1%, down from 0.1% a year earlier. Free cash flow was −$93 million. It paid out $13 million in dividends and buybacks. The diluted share count fell 5.4%.

Last close · Oct 23, 2026

$20.41

1.5%
Value it Compare
Revenue Total sales reported in the income statement.
$1.2B
6.9% vs prior year
Operating margin Operating income as a share of revenue.
—
Net income Profit after all expenses, interest and tax.
−$1.2M
192.3%
Free cash flow Cash from operations minus capital spending.
−$93.0M
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
0.3%
0.4 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$880M
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
102.1x
On $0.20 EPS (TTM)

What Metallus does

No business description yet.

Legal name
METALLUS INC.
Fiscal year ends
December 31, 2025
Latest annual report
—
Accession · CIK
0001193125-26-061042
0001598428

Revenue and margins

Metallus had $1.2B of revenue in fiscal 2025, up 6.9% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was −$93.0M in fiscal 2025, −8.0% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Metallus returned $13.1M to shareholders in fiscal 2025. The diluted share count fell 5.4%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Metallus yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of $153M and divides by 41.9M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 102.0x · peers 15.7x · sector 20.1x.

Balance sheet

Cash, debt and the ratios that show how comfortably Metallus can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $260M$257M$281M$241M$157M
Debt incl. finance leases $44.9M$20.4M$13.2M$5.4M$3.5M
Net debt / EBITDA −0.9x−1.5x−1.7x−3.9x−2.6x
Debt / equity 0.1x0.0x0.0x0.0x0.0x
Interest coverage 29.5x25.9x36.7x3.3x2.7x
Current ratio 2.3x3.0x2.6x2.1x1.8x
Quick ratio 1.5x2.0x1.7x1.3x1.0x
Total assets $1.2B$1.1B$1.2B$1.1B$1.1B
Total liabilities $494M$396M$444M$426M$454M
Shareholders' equity $665M$687M$732M$691M$686M
Net debt (− = net cash) −$215M−$237M−$267M−$235M−$153M

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$1.7M

2 insiders

Of sales under plans

100%

$1.7M

DateInsiderTradeSharesPriceValueFiling
Feb 4, 2026 Kristopher R WestbrooksPresident & COO Sold plan 2,128 $21.28 $0.0M Form 4
Feb 4, 2026 Michael S WilliamsChief Executive Officer, Director Sold plan 13,713 $21.28 $0.3M Form 4
Feb 3, 2026 Kristopher R WestbrooksPresident & COO Sold plan 2,951 $21.03 $0.1M Form 4
Feb 3, 2026 Michael S WilliamsChief Executive Officer, Director Sold plan 19,017 $21.03 $0.4M Form 4
Jan 15, 2026 Kristopher R WestbrooksPresident & COO Sold plan 93 $21.00 $0.0M Form 4
Jan 15, 2026 Michael S WilliamsChief Executive Officer, Director Sold plan 603 $21.00 $0.0M Form 4
Jan 14, 2026 Kristopher R WestbrooksPresident & COO Sold plan 10,932 $20.06 $0.2M Form 4
Jan 9, 2026 Michael S WilliamsChief Executive Officer, Director Sold plan 4,835 $19.11 $0.1M Form 4
Jan 8, 2026 Michael S WilliamsChief Executive Officer, Director Sold plan 14,462 $19.10 $0.3M Form 4
Dec 18, 2025 Michael S WilliamsChief Executive Officer, Director Sold plan 5,609 $19.07 $0.1M Form 4
Dec 17, 2025 Michael S WilliamsChief Executive Officer, Director Sold plan 8,428 $19.04 $0.2M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✕
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✕ ✕
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✓ ✓ ✓
Current ratio rose ✕ ✕ ✕
Share count didn't rise ✓ ✓ ✓
Gross margin rose ✓ ✕ ✕
Revenue rose relative to assets ✓ ✕ ✓
F-score 8 / 95 / 95 / 9
Accruals ratio −5.0%−3.4%−1.5%
Altman Z'' 4.433.382.82

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Metallus MTUS $880M 6.9% — −8.0% 0.3% 102.1x 5
Warrior Met Coal HCC $4.5B −14.1% 3.5% −7.0% 2.4% 20.7x 4 Compare →
Alpha Metallurgical Resources AMR $2.1B −28.0% −2.9% 0.8% −4.2% — 4 Compare →
Worthington Steel WS $2.0B 11.3% −0.0% 2.3% −0.1% — 5 Compare →
Commercial Metals CMC $7.0B 20.5% — 5.1% 12.9% 10.7x 7 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $870M $1.3B $1.6B $1.2B $831M $1.3B $1.3B $1.4B $1.1B $1.2B
Gross profit $27.9M $80.3M $127M $22.6M $15.6M $220M $127M $187M $97.7M $95.1M
Research and development $8.0M $8.0M $8.1M $4.1M $1.8M $1.7M $0.8M — — —
Operating income −$62.6M −$23.4M $5.8M — — — — — — —
Interest expense $11.4M $14.8M $17.1M $15.7M $12.6M $6.2M $3.9M $2.7M $2.0M $1.1M
Pretax income −$142M −$29.8M −$8.2M −$126M −$60.7M $177M $97.1M $96.4M $4.6M $1.9M
Income tax −$36.5M $1.5M $1.8M −$16.1M $1.2M $5.7M $32.0M $27.0M $3.3M $3.1M
Net income −$106M −$31.3M −$10.0M −$110M −$61.9M $171M $65.1M $69.4M $1.3M −$1.2M
Diluted EPS −$2.39 −$0.70 −$0.22 −$2.46 −$1.38 $3.18 $1.30 $1.47 $0.03 −$0.03
Diluted shares 0.04B 0.04B 0.04B 0.04B 0.05B 0.06B 0.05B 0.05B 0.04B 0.04B
Cash flow
Cash from operations $74.4M $8.1M $18.5M $70.3M $174M $197M $135M $125M $40.3M $16.0M
Capital expenditure $42.7M $33.0M $40.0M $38.0M $16.9M $12.2M $27.1M $51.6M $64.3M $109M
Free cash flow $31.7M −$24.9M −$21.5M $32.3M $157M $185M $107M $73.7M −$24.0M −$93.0M
Depreciation and amortization $74.9M $74.9M $73.0M $73.5M $70.0M $63.1M $58.3M $56.9M $54.1M $56.6M
Stock-based compensation $6.7M $6.5M $7.3M $7.4M $6.6M $7.3M $8.8M $11.5M $14.0M $14.7M
Acquisitions $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Share buybacks $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $52.0M $32.6M $37.6M $13.1M
Dividends paid $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Dividends and buybacks $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $52.0M $32.6M $37.6M $13.1M
Balance sheet
Cash and short-term investments $25.6M $24.5M $21.6M $27.1M $103M $260M $257M $281M $241M $157M
Total debt $70.2M $70.1M $74.1M $169M $78.2M $44.9M $20.4M $13.2M $5.4M $0.0M
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $3.5M
Current assets $290M $410M $569M $402M $358M $582M $557M $657M $587M $553M
Current liabilities $131M $207M $221M $112M $181M $251M $187M $248M $282M $315M
Inventory $164M $224M $375M $282M $178M $211M $192M $228M $220M $243M
Property and equipment, net $742M $707M $674M $626M $570M $510M $486M $493M $507M $563M
Total assets $1.1B $1.2B $1.3B $1.1B $994M $1.2B $1.1B $1.2B $1.1B $1.1B
Total liabilities $473M $540M $662M $522M $487M $494M $396M $444M $426M $454M
Shareholders' equity $597M $617M $613M $563M $508M $665M $687M $732M $691M $686M
Margins
Gross margin 3.2% 6.0% 7.9% 1.9% 1.9% 17.2% 9.5% 13.7% 9.0% 8.2%
Operating margin −7.2% −1.8% 0.4% — — — — — — —
EBITDA margin 1.4% 3.9% 4.9% −3.1% 2.6% 19.2% 12.0% 11.5% 5.6% 5.2%
Net margin −12.1% −2.4% −0.6% −9.1% −7.5% 13.3% 4.9% 5.1% 0.1% −0.1%
FCF margin 3.7% −1.9% −1.3% 2.7% 18.9% 14.4% 8.1% 5.4% −2.2% −8.0%
Returns
Return on capital −6.7% −2.8% 0.7% −12.7% −6.4% 38.0% 15.1% 15.6% 0.7% 0.3%
Return on capital employed −6.3% −2.5% 0.6% −10.9% −5.4% 21.3% 11.2% 10.9% 0.8% 0.4%
Return on equity −35.3% −5.2% −1.6% −18.7% −11.6% 29.2% 9.6% 9.8% 0.2% −0.2%
Return on assets −9.5% −2.8% −0.8% −9.3% −6.0% 15.9% 5.8% 6.2% 0.1% −0.1%
Growth
Revenue growth −21.4% 52.9% 21.2% −25.0% −31.3% 54.4% 3.7% 2.4% −20.4% 6.9%
Net income growth — — — — — — −61.9% 6.6% −98.1% −192.3%
EPS growth — — — — — — −59.1% 13.1% −98.0% −200.0%
FCF growth 9.7% −178.6% — — 384.8% 17.9% −41.9% −31.4% −132.6% —
Share count change −0.7% 0.5% 0.5% 0.5% 0.5% 22.2% −6.4% −7.2% −7.3% −5.4%
Financial health
Net debt / EBITDA 3.6x 0.9x 0.7x — −1.1x −0.9x −1.5x −1.7x −3.9x −2.6x
Debt / equity 0.1x 0.1x 0.1x 0.3x 0.2x 0.1x 0.0x 0.0x 0.0x 0.0x
Interest coverage −5.5x −1.6x 0.3x −7.0x −3.8x 29.5x 25.9x 36.7x 3.3x 2.7x
Current ratio 2.2x 2.0x 2.6x 3.6x 2.0x 2.3x 3.0x 2.6x 2.1x 1.8x
Quick ratio 1.0x 0.9x 0.9x 1.1x 1.0x 1.5x 2.0x 1.7x 1.3x 1.0x
Capital allocation
Capex / revenue 4.9% 2.5% 2.5% 3.1% 2.0% 1.0% 2.0% 3.8% 5.9% 9.4%
Stock comp / revenue 0.8% 0.5% 0.5% 0.6% 0.8% 0.6% 0.7% 0.8% 1.3% 1.3%
Payouts / FCF 0.0% — — 0.0% 0.0% 0.0% 48.4% 44.2% — —
Quality scores
Piotroski F-score 5.0 6.0 7.0 3.0 5.0 8.0 6.0 8.0 5.0 5.0
Altman Z'' 1.3 1.6 2.3 1.3 0.7 3.8 4.3 4.4 3.4 2.8
Accruals ratio −16.3% −3.5% −2.3% −15.3% −22.6% −2.4% −6.2% −5.0% −3.4% −1.5%

Source: SEC EDGAR XBRL filings (CIK 0001598428). Data updated October 21, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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