GSM Basic MaterialsBeta data

Ferroglobe PLC

$3.86+0.52%

Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026

Basics

Sector: Basic Materials
Industry: Other Industrial Metals & Mining
Country: United Kingdom
Market cap: 721.3M USD
Enterprise value: 884.7M USD
Full-time employees: 2,920

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: its share price swings more than most peers’ (beta 1.00 vs a peer median of 0.69)bigger price swings (beta 1.00 vs peers 0.69)
Drawback: less short-term liquidity (current ratio 1.29 vs a peer median of 1.76)less liquidity (current ratio 1.29 vs peers 1.76)
About average: risk (debt, liquidity and share-price swings)risk

Ranks #1,143 of 1,217 basic materials companies (bottom 7%)

See how it ranks against its peers

Worth knowing

Borrowing rising faster than profit. Since 2022 (an unusually strong year for operating profit): debt +80%, operating profit −120%.Since 2022: debt +80%, operating profit −120%.
Ferroglobe's debt grew 80% since 2022 while operating profit changed −120%.
Annual revenue fell three years running. Fiscal-year revenue down each year from 2022 to 2025.
Ferroglobe's fiscal-year revenue declined in each of the three years to 2025.
Not profitable yet. Reported a loss over the last 12 months.
Ferroglobe reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.
Revenue is falling. Revenue fell 19% in the fiscal year to Dec 2025 vs the year before.
Ferroglobe's revenue fell 19% in the fiscal year to Dec 2025 vs the year before.

StockQuotient Score

19/ 100

Oct 5 19 → Nov 4 19

Fundamentals: Yahoo Finance, not primary filings

Valuation

Is the price right?

28/100

Weak

3/3 inputs reported · High confidence

Since last year: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ FCF yield
▼ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-21.0%

Yahoo Finance · trailing 12 monthsNegative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.00Sector median: 0.0364 · MAD: 0.0364

EBITDA yield6.2%

Yahoo Finance · trailing 12 monthsReported value50% base weight · Z-score -0.44Sector median: 0.0854 · MAD: 0.0520

Free cash flow yield-1.8%

Yahoo Finance · trailing 12 months · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.00Sector median: 0.0261 · MAD: 0.0261

Other data (not scored)

Book yield98.8%

Yahoo FinanceReported valueInformational · 0% composite weightSector median: 0.5947 · MAD: 0.3137

Growth

Is it growing?

2/100

Weak

2/3 inputs reported · Partial data

Since last year: ▼ Weaker

12-month revenue fell 18.8%

Why

Weaker than most peers on:

▼ 3-yr revenue
▼ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0941 · MAD: 0.3300

3-year revenue growth-19.9%

Yahoo Finance · 3 fiscal years to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score -2.67Sector median: -0.0005 · MAD: 0.0725

Revenue growth-18.8%

Yahoo Finance · fiscal year to Dec 2025Reported value33% base weight · Z-score -2.32Sector median: 0.0335 · MAD: 0.0952

Profitability

Does it earn well?

11/100

Weak

2/3 inputs reported · Partial data

Since last year: ▼ Weaker

Turned to a loss over the last 12 months
Operating margin fell 12.3 points to -10.0%
Free cash flow turned negative over the last 12 months

Why

Weaker than most peers on:

▼ Operating margin
▼ ROA

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-8.7%

Yahoo Finance · fiscal year to Dec 2025Reported value33% base weight · Z-score -2.64Sector median: 0.0757 · MAD: 0.0617

Return on assets-0.8%

Yahoo Finance · trailing 12 monthsReported value33% base weight · Z-score -1.23Sector median: 0.0249 · MAD: 0.0265

Return on invested capitalUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0675 · MAD: 0.0575

Other data (not scored)

Gross margin37.1%

Yahoo Finance · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.2138 · MAD: 0.1202

Return on equity-6.0%

Yahoo Finance · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.0537 · MAD: 0.0694

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last year: ▼ Weaker

Debt up 145%
Operating profit now covers interest only 0.0x

Why

Held back by:

▼ Beta
▼ Current ratio

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.00

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -1.10Sector median: 0.6950 · MAD: 0.2810

Current ratio1.29×

Yahoo FinanceReported value33% base weight · Z-score -0.70Sector median: 1.7610 · MAD: 0.6770

Debt / equity0.35×

Yahoo FinanceReported value33% base weight · Z-score 0.03Sector median: 0.3578 · MAD: 0.2929

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Ferroglobe

Is Ferroglobe getting weaker?: Its latest SEC filing (Mar 26, 2026) got weaker in some ways: turned to a loss over the last 12 months; operating margin fell 12.3 points to -10.0%. Its overall score is unchanged at 19/100 since Oct 28, 2026.
How is Ferroglobe valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 28/100 against 1,371 basic materials peers. Earnings yield -21.0% vs a peer median of 3.6% (weaker than 100% of peers).Earnings yield -21.0% vs peers 3.6% (weaker than 100% of peers).
Is Ferroglobe growing?: More slowly than most of its peers. Growth scores 2/100 against 1,371 basic materials peers. 3-year revenue growth -19.9% vs a peer median of -0.0% (weaker than 100% of peers).3-year revenue growth -19.9% vs peers -0.0% (weaker than 100% of peers).
How profitable is Ferroglobe?: Less profitable than most of its peers. Profitability scores 11/100 against 1,371 basic materials peers. Operating margin -8.7% vs a peer median of 7.6% (weaker than 92% of peers).Operating margin -8.7% vs peers 7.6% (weaker than 92% of peers).
How risky is Ferroglobe?: Moderate risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings. Beta 1.00 vs a peer median of 0.69 (weaker than 73% of peers).Beta 1.00 vs peers 0.69 (weaker than 73% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Year ended Dec 31, 2025 · filed Mar 26, 2026 · compared with the year ended Dec 31, 2024

Got weaker

Turned to a loss over the last 12 months
Operating margin fell 12.3 points to -10.0%
12-month revenue fell 18.8%
Debt up 145%
Free cash flow turned negative over the last 12 months
Operating profit now covers interest only 0.0x

Worth watching: Ferroglobe is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous year	Latest year	Change
Revenue (12 months)	1.6B USD	1.3B USD	−18.8%
Net income (12 months)	23.5M USD	−170.7M USD	turned negative
Operating margin	2.3%	-10.0%	−12.3 pts
Free cash flow (12 months)	167.1M USD	−10.2M USD	turned negative
Debt	57.2M USD	140.0M USD	+144.9%
Cash	133.0M USD	122.8M USD	−7.6%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one year at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	—	—	—	—	—	—
Operating margin	1.8%	25.4%	11.9%	2.3%	-10.0%	▼ 12 pts
Net margin	-6.2%	16.9%	5.0%	1.4%	-12.8%	▼ 14 pts
Return on assets (ROA)	-7.3%	22.5%	4.7%	1.6%	-12.1%	▼ 14 pts
Return on equity (ROE)	-34.6%	67.7%	11.1%	3.3%	-28.7%	▼ 32 pts
Free cash flow margin	-1.6%	13.6%	5.7%	10.2%	-0.8%	▼ 11 pts
Current ratio	1.23×	1.90×	2.10×	1.82×	1.66×	▼ 8.8%
Quick ratio	—	1.16×	1.32×	1.05×	0.97×	▼ 7.6%
Debt to equity	0.31×	0.12×	0.06×	0.08×	0.24×	▲ 196%
Interest coverage	0.21×	10.83×	5.08×	1.74×	-6.42×	▼ 469%

GSM price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: its share price swings more than most peers’ (beta 1.00 vs a peer median of 0.69)bigger price swings (beta 1.00 vs peers 0.69)

Drawback: less short-term liquidity (current ratio 1.29 vs a peer median of 1.76)less liquidity (current ratio 1.29 vs peers 1.76)

About average: risk (debt, liquidity and share-price swings)risk

Ranks #1,143 of 1,217 basic materials companies (bottom 7%)

See how it ranks against its peers

Worth knowing

Borrowing rising faster than profit. Since 2022 (an unusually strong year for operating profit): debt +80%, operating profit −120%.Since 2022: debt +80%, operating profit −120%.

Ferroglobe's debt grew 80% since 2022 while operating profit changed −120%.

Annual revenue fell three years running. Fiscal-year revenue down each year from 2022 to 2025.

Ferroglobe's fiscal-year revenue declined in each of the three years to 2025.

Not profitable yet. Reported a loss over the last 12 months.

Ferroglobe reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

Revenue is falling. Revenue fell 19% in the fiscal year to Dec 2025 vs the year before.

Ferroglobe's revenue fell 19% in the fiscal year to Dec 2025 vs the year before.

Questions investors ask about Ferroglobe

Is Ferroglobe getting weaker?

Its latest SEC filing (Mar 26, 2026) got weaker in some ways: turned to a loss over the last 12 months; operating margin fell 12.3 points to -10.0%. Its overall score is unchanged at 19/100 since Oct 28, 2026.

How is Ferroglobe valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 28/100 against 1,371 basic materials peers. Earnings yield -21.0% vs a peer median of 3.6% (weaker than 100% of peers).Earnings yield -21.0% vs peers 3.6% (weaker than 100% of peers).

Is Ferroglobe growing?

More slowly than most of its peers. Growth scores 2/100 against 1,371 basic materials peers. 3-year revenue growth -19.9% vs a peer median of -0.0% (weaker than 100% of peers).3-year revenue growth -19.9% vs peers -0.0% (weaker than 100% of peers).

How profitable is Ferroglobe?

Less profitable than most of its peers. Profitability scores 11/100 against 1,371 basic materials peers. Operating margin -8.7% vs a peer median of 7.6% (weaker than 92% of peers).Operating margin -8.7% vs peers 7.6% (weaker than 92% of peers).

How risky is Ferroglobe?

Moderate risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings. Beta 1.00 vs a peer median of 0.69 (weaker than 73% of peers).Beta 1.00 vs peers 0.69 (weaker than 73% of peers). A relative measure, not a bankruptcy probability.

Previous year

Latest year

Change

Revenue (12 months)

1.6B USD

1.3B USD

−18.8%

Net income (12 months)

23.5M USD

−170.7M USD

turned negative

Operating margin

2.3%

-10.0%

−12.3 pts

Free cash flow (12 months)

167.1M USD

−10.2M USD

turned negative

Debt

57.2M USD

140.0M USD

+144.9%

Cash

133.0M USD

122.8M USD

−7.6%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

—

Operating margin

1.8%

25.4%

11.9%

2.3%

-10.0%

▼ 12 pts

Net margin

-6.2%

16.9%

5.0%

1.4%

-12.8%

▼ 14 pts

Return on assets (ROA)

-7.3%

22.5%

4.7%

1.6%

-12.1%

▼ 14 pts

Return on equity (ROE)

-34.6%

67.7%

11.1%

3.3%

-28.7%

▼ 32 pts

Free cash flow margin

-1.6%

13.6%

5.7%

10.2%

-0.8%

▼ 11 pts

Current ratio

1.23×

1.90×

2.10×

1.82×

1.66×

▼ 8.8%

Quick ratio

—

1.16×

1.32×

1.05×

0.97×

▼ 7.6%

Debt to equity

0.31×

0.12×

0.06×

0.08×

0.24×

▲ 196%

Interest coverage

0.21×

10.83×

5.08×

1.74×

-6.42×

▼ 469%