Profitable, but burning cash. Reports a profit, but free cash flow is negative.
Metallus reports a profit but its free cash flow is negative: it spent more on investment and running the business than it brought in. That's common for companies building capacity, but it means the profit isn't yet turning into cash.
Profit lifted by an asset sale. 2025 operating profit includes a $1M gain on selling assets; without it the operating margin was about 0.1%.
Metallus's 2025 operating profit of $3M includes a one-off $1M gain on selling assets or businesses. Without it, operations would have earned $2M, an operating margin of about 0.1%.
Paying shareholders without free cash flow. Paid out $83M over the 3 fiscal years to 2025 with -$43M of free cash flow.
Metallus returned $83M in buybacks and dividends over three fiscal years while its free cash flow totalled -$43M. The money came from its cash pile or from borrowing.
Earnings turned from a loss to a profit. Profit per share this year after a loss last year.
Metallus made a profit per share in its latest year after a loss the year before.
Since last quarter: No major changeValuation also moves with the share price every day.
Why it changed since the Oct 27, 2026 close: Score 38 → 39
Share price -6.8%+2
Peer companies moved-1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Sector-normalized EBITDA, earnings, and free cash flow yields.
Earnings yield1.0%
SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score -0.73Sector median: 0.0364 · MAD: 0.0364
EBITDA yield9.1%
Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsReported value50% base weight · Z-score 0.11Sector median: 0.0854 · MAD: 0.0520
Free cash flow yield-12.0%
SEC filings · 12 months to Jun 2026 · 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
Return on invested capital, operating margin, and return on assets.
Operating margin0.2%
Yahoo Finance fallback · SEC operating income not reported in standard form · fiscal year to Dec 2025Reported value33% base weight · Z-score -1.20Sector median: 0.0757 · MAD: 0.0617
Return on assets0.7%
SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.67Sector median: 0.0249 · MAD: 0.0265
Return on invested capital5.6%
Yahoo Finance fallback · SEC operating income or invested capital unavailable · trailing 12 monthsReported value33% base weight · Z-score -0.20Sector median: 0.0675 · MAD: 0.0575
Other data (not scored)
Gross margin8.2%
SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.2138 · MAD: 0.1202
Return on equity1.2%
SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0537 · MAD: 0.0694
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 Metallus
Is Metallus getting weaker?
Its latest SEC filing (Aug 4, 2026) showed no major changes. Its overall score is unchanged at 48/100 since Oct 28, 2026.
How is Metallus valued vs its peers?
Priced higher than most peers relative to what it earns. Valuation scores 39/100 against 1,371 basic materials peers.Free cash flow yield -12.0% vs a peer median of 2.6% (weaker than 100% of peers).Free cash flow yield -12.0% vs peers 2.6% (weaker than 100% of peers).
Is Metallus growing?
Yes, faster than most of its peers. Growth scores 85/100 against 1,371 basic materials peers.Revenue growth 16.1% vs a peer median of 3.4% (stronger than 77% of peers).Revenue growth 16.1% vs peers 3.4% (stronger than 77% of peers).
How profitable is Metallus?
Less profitable than most of its peers. Profitability scores 28/100 against 1,371 basic materials peers.Operating margin 0.2% vs a peer median of 7.6% (weaker than 80% of peers).Operating margin 0.2% vs peers 7.6% (weaker than 80% of peers).
How risky is Metallus?
Moderate risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings.Debt / equity 0.00× vs a peer median of 0.36× (stronger than 95% of peers).Debt / equity 0.00× vs peers 0.36× (stronger than 95% of peers).Beta 1.37 vs a peer median of 0.69 (weaker than 87% of peers).Beta 1.37 vs peers 0.69 (weaker than 87% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jun 30, 2026 · filed Aug 4, 2026 · compared with the quarter ended Mar 31, 2026
No major changes
Previous quarter
Latest quarter
Change
Revenue (12 months)
1.2B USD
1.2B USD
+3.1%
Net income (12 months)
2.9M USD
8.1M USD
+179.3%
Free cash flow (12 months)
−78.2M USD
−97.6M USD
+24.8%
Cash
104.0M USD
108.6M USD
+4.4%
Shares outstanding
41.6M
41.4M
−0.4%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Sector: Basic Materials · 121 companies
Valuations in Basic Materials are near the top of their range since 2016.
84% of months since 2016 were valued lower than now.
43% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +23% and earnings +13% (medians): prices and earnings moved broadly together.
Median price-to-sales is −9% vs the whole market, against a usual −27%.
2016Shaded: most expensive fifth of its range2026
Shown for Basic Materials: too few Steel companies have a long enough history of their own.
This is a cyclical group: after a downturn, trailing earnings and sales fall faster than prices, which can make valuations look high near a cycle's low.
Describes valuations since 2016; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, EBITDA, sales and free cash flow yields. How this works
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
17.1%
9.5%
13.7%
9.0%
8.2%
▼ 0.8 pts
Operating margin
9.1%
0.8%
7.5%
1.1%
0.2%
▼ 0.9 pts
Net margin
13.3%
4.9%
5.1%
0.1%
-0.1%
▼ 0.2 pts
Return on assets (ROA)
14.8%
6.0%
5.9%
0.1%
-0.1%
▼ 0.2 pts
Return on equity (ROE)
25.7%
9.5%
9.5%
0.2%
-0.2%
▼ 0.4 pts
Free cash flow margin
14.4%
8.1%
5.4%
-2.2%
-8.0%
▼ 5.8 pts
Current ratio
2.32×
2.98×
2.64×
2.09×
1.76×
▼ 16%
Quick ratio
1.48×
1.95×
1.73×
1.31×
0.98×
▼ 25%
Debt to equity
0.07×
0.03×
0.02×
0.01×
—
—
Interest coverage
18.90×
2.67×
38.07×
4.84×
1.56×
▼ 68%
MTUS price history
Price history is added with the daily price update and will appear after the next one.