Metallus (MTUS) Financials

$17.44 -0.59 (-3.27%)

As of 11:42 AM Eastern

Annual Income Statements for Metallus

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-45	-106	-31	-10	-110	-62	171	65	69	1.30	-1.20
Consolidated Net Income / (Loss)	-45	-106	-31	-10	-110	-62	171	65	69	1.30	-1.20
Net Income / (Loss) Continuing Operations	-45	-106	-31	-10	-110	-62	171	65	69	1.30	-1.20
Total Pre-Tax Income	-72	-142	-30	-8.20	-126	-61	177	97	96	4.60	1.90
Total Operating Income	-99	-63	-11	28	-87	-62	124	50	104	9.40	-0.30
Total Gross Profit	15	28	80	127	23	16	220	127	187	98	95
Total Revenue	1,106	870	1,329	1,611	1,209	831	1,283	1,330	1,362	1,084	1,158
Operating Revenue	1,106	870	1,329	1,611	1,209	831	1,283	1,330	1,362	1,084	1,158
Total Cost of Revenue	1,092	842	1,249	1,484	1,186	815	1,063	1,203	1,176	986	1,063
Operating Cost of Revenue	1,092	842	1,249	1,484	1,186	815	1,063	1,203	1,176	986	1,063
Total Operating Expenses	114	91	91	99	110	77	96	77	82	88	95
Selling, General & Admin Expense	108	90	91	98	92	77	77	74	85	88	94
Impairment Charge	-	0.30	0.70	0.90	7.30	0.00	11	0.00	0.00	0.00	0.00
Restructuring Charge	6.50	-	0.00	0.00	8.60	3.10	6.70	0.80	0.00	0.00	2.70
Other Special Charges / (Income)	-	-	-	-	2.00	-2.40	1.30	1.90	-2.50	0.60	-1.30
Total Other Income / (Expense), net	28	-79	-19	-36	-39	1.10	53	47	-8.00	-4.80	2.20
Interest Expense	3.40	11	15	17	16	13	5.90	44	4.30	-0.20	-1.30
Other Income / (Expense), net	31	-68	-4.10	-19	-23	14	58	91	-3.70	-5.00	0.90
Income Tax Expense	-27	-37	1.50	1.80	-16	1.20	5.70	32	27	3.30	3.10
Basic Earnings per Share	($1.01)	($2.39)	($0.70)	($0.22)	($2.46)	($1.38)	$3.73	$1.42	$1.58	$0.03	($0.03)
Weighted Average Basic Shares Outstanding	27.60M	44.20M	44.40M	44.60M	44.82M	45.18M	46.32M	43.90M	43.89M	42.12M	41.73M
Diluted Earnings per Share	($1.01)	($2.39)	($0.70)	($0.22)	($2.46)	($1.38)	$3.18	$1.30	$1.47	$0.03	($0.03)
Weighted Average Diluted Shares Outstanding	27.60M	44.20M	44.40M	44.60M	44.82M	45.18M	46.32M	43.90M	43.89M	42.12M	41.73M
Weighted Average Basic & Diluted Shares Outstanding	27.60M	44.20M	44.40M	44.60M	44.82M	45.18M	46.32M	43.90M	43.89M	42.12M	41.73M

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	25	1.30	24	4.60	-5.90	-21	1.30	3.70	8.10	-14	5.40
Consolidated Net Income / (Loss)	25	1.30	24	4.60	-5.90	-21	1.30	3.70	8.10	-14	5.40
Net Income / (Loss) Continuing Operations	25	1.30	24	4.60	-5.90	-21	1.30	3.70	8.10	-14	5.40
Total Pre-Tax Income	35	3.70	30	6.10	-7.10	-24	2.90	8.60	11	-21	8.00
Total Operating Income	31	18	26	3.20	-11	-9.70	-0.90	9.30	7.60	-16	2.70
Total Gross Profit	51	41	51	24	12	11	22	32	35	6.00	25
Total Revenue	354	328	322	295	227	241	281	305	306	267	308
Operating Revenue	354	328	322	295	227	241	281	305	306	267	308
Total Cost of Revenue	303	287	271	271	215	230	259	272	271	261	283
Operating Cost of Revenue	303	287	271	271	215	230	259	272	271	261	283
Total Operating Expenses	20	23	24	21	23	21	23	23	27	22	22
Selling, General & Admin Expense	21	23	24	21	23	20	24	23	25	22	22
Other Special Charges / (Income)	-0.30	0.30	0.10	0.20	0.10	0.20	-1.50	0.00	0.20	-	0.20
Total Other Income / (Expense), net	3.80	-15	3.60	2.90	3.40	-15	3.80	-0.70	3.30	-4.20	5.30
Interest Expense	-1.80	-2.10	-2.80	-2.40	-2.40	7.40	-1.50	2.30	-1.40	-0.70	-0.40
Other Income / (Expense), net	2.00	-17	0.80	0.50	1.00	-7.30	2.30	1.60	1.90	-4.90	4.90
Income Tax Expense	9.80	2.40	6.00	1.50	-1.20	-3.00	1.60	4.90	2.80	-6.20	2.60
Basic Earnings per Share	$0.56	$0.03	$0.55	$0.10	($0.13)	($0.49)	$0.03	$0.09	$0.19	($0.34)	$0.13
Weighted Average Basic Shares Outstanding	43.15M	43.89M	43.86M	43.46M	42.49M	42.12M	42.02M	41.83M	41.65M	41.73M	41.63M
Diluted Earnings per Share	$0.51	$0.04	$0.52	$0.10	($0.13)	($0.46)	$0.03	$0.09	$0.19	($0.34)	$0.13
Weighted Average Diluted Shares Outstanding	43.15M	43.89M	43.86M	43.46M	42.49M	42.12M	42.02M	41.83M	41.65M	41.73M	41.63M
Weighted Average Basic & Diluted Shares Outstanding	43.15M	43.89M	43.86M	43.46M	42.49M	42.12M	42.02M	41.83M	41.65M	41.73M	41.63M

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	7.90	-17	-1.10	-2.90	5.50	76	157	-1.80	24	-39	-84
Net Cash From Operating Activities	107	74	8.10	19	70	174	197	135	125	40	16
Net Cash From Continuing Operating Activities	107	74	8.10	19	70	174	197	135	125	40	16
Net Income / (Loss) Continuing Operations	-45	-106	-31	-10	-110	-62	171	65	69	1.30	-1.20
Consolidated Net Income / (Loss)	-45	-106	-31	-10	-110	-62	171	65	69	1.30	-1.20
Depreciation Expense	73	75	75	73	74	70	63	58	57	54	57
Amortization Expense	0.30	2.90	4.00	5.50	5.10	5.30	1.00	0.70	0.50	0.50	0.40
Non-Cash Adjustments To Reconcile Net Income	-22	100	29	33	55	9.60	-25	7.90	65	-7.10	-37
Changes in Operating Assets and Liabilities, net	101	2.40	-68	-83	47	151	-13	2.50	-66	-8.50	-2.80
Net Cash From Investing Activities	-78	-43	-33	-39	-38	-6.00	-4.80	-22	-50	-11	-75
Net Cash From Continuing Investing Activities	-78	-43	-33	-39	-38	-6.00	-4.80	-22	-50	-11	-75
Purchase of Property, Plant & Equipment	-78	-43	-33	-40	-38	-17	-12	-27	-52	-64	-109
Sale of Property, Plant & Equipment	0.40	0.00	0.00	1.00	0.00	11	1.20	5.40	1.70	0.00	1.70
Other Investing Activities, net	-	-	-	-	-	-	-	0.00	0.00	54	32
Net Cash From Financing Activities	-21	-49	24	18	-27	-92	-35	-115	-52	-69	-25
Net Cash From Continuing Financing Activities	-21	-49	24	18	-27	-92	-35	-115	-52	-69	-25
Repayment of Debt	-51	-135	-5.00	-137	-66	-91	-39	-69	-19	-17	-9.10
Repurchase of Common Equity	-15	-	-	-	-	0.00	0.00	-52	-33	-38	-13
Other Financing Activities, net	-1.10	0.00	-1.20	-0.50	-0.80	-0.60	3.60	6.00	-0.60	-14	-3.00

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	3.50	55	-2.70	-5.20	-18	-14	-60	9.70	0.60	-35	-53
Net Cash From Operating Activities	28	74	33	8.30	-15	14	-39	35	22	-1.90	-27
Net Cash From Continuing Operating Activities	28	74	33	8.30	-15	14	-39	35	22	-1.90	-27
Net Income / (Loss) Continuing Operations	25	1.30	24	4.60	-5.90	-21	1.30	3.70	8.10	-14	5.40
Consolidated Net Income / (Loss)	25	1.30	24	4.60	-5.90	-21	1.30	3.70	8.10	-14	5.40
Depreciation Expense	14	14	13	13	14	14	14	14	14	15	14
Amortization Expense	0.10	0.10	0.10	0.10	0.20	0.10	0.10	0.10	0.10	0.10	0.10
Non-Cash Adjustments To Reconcile Net Income	2.80	44	-23	-0.40	1.20	15	-50	1.70	4.30	7.30	-19
Changes in Operating Assets and Liabilities, net	-14	15	19	-9.40	-24	6.60	-3.70	15	-4.80	-9.50	-28
Net Cash From Investing Activities	-18	-15	-17	-4.10	18	-7.20	-13	-13	-18	-31	-19
Net Cash From Continuing Investing Activities	-18	-15	-17	-4.10	18	-7.20	-13	-13	-18	-31	-19
Purchase of Property, Plant & Equipment	-18	-15	-17	-14	-18	-15	-28	-18	-28	-35	-25
Sale of Property, Plant & Equipment	-	-	0.00	-	-	-	1.70	-	-	-	0.00
Other Investing Activities, net	-	-	0.00	10	36	8.00	13	5.10	10	4.10	5.90
Net Cash From Financing Activities	-7.10	-3.70	-19	-9.40	-20	-21	-8.20	-12	-3.00	-1.60	-7.00
Net Cash From Continuing Financing Activities	-7.10	-3.70	-19	-9.40	-20	-21	-8.20	-12	-3.00	-1.60	-7.00
Repurchase of Common Equity	-7.70	-4.10	-4.40	-9.60	-20	-3.50	-5.60	-3.30	-3.00	-1.20	-4.30
Other Financing Activities, net	0.60	0.40	-14	0.20	-	-	-2.60	-	-	-0.40	-2.70

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,143	1,070	1,157	1,275	1,085	994	1,159	1,082	1,175	1,117	1,140
Total Current Assets	318	290	410	569	402	358	582	557	657	587	553
Cash & Equivalents	42	26	25	22	27	103	260	257	281	241	157
Accounts Receivable	81	92	150	163	78	63	101	79	113	91	126
Inventories, net	174	164	224	375	282	178	211	192	228	220	243
Prepaid Expenses	11	2.80	3.90	3.50	3.30	4.00	3.90	6.40	10	30	26
Other Current Assets	9.20	6.20	8.00	6.10	12	9.10	7.40	21	25	6.10	0.90
Plant, Property, & Equipment, net	769	742	707	674	626	570	510	486	493	507	563
Total Noncurrent Assets	55	38	40	32	57	67	66	39	26	22	25
Noncurrent Note & Lease Receivables	-	-	-	-	-	-	-	-	-	0.00	3.50
Intangible Assets	31	25	20	18	14	9.30	6.70	5.00	2.70	3.40	2.90
Employee Benefit Assets	21	6.20	15	11	25	34	43	19	9.90	5.50	5.60
Other Noncurrent Operating Assets	4.10	6.40	5.20	3.50	18	24	17	15	13	13	13
Total Liabilities & Shareholders' Equity	1,143	1,070	1,157	1,275	1,085	994	1,159	1,082	1,175	1,117	1,140
Total Liabilities	461	473	596	662	522	487	494	396	444	426	454
Total Current Liabilities	104	131	207	221	112	181	251	187	248	282	315
Short-Term Debt	-	-	-	-	0.00	39	45	20	13	5.40	0.00
Accounts Payable	50	87	135	161	69	90	142	113	133	119	151
Accrued Expenses	30	20	28	20	20	13	16	24	27	15	18
Current Employee Benefit Liabilities	25	23	44	40	17	32	42	23	70	83	56
Other Current Liabilities	-	-	-	0.00	6.20	7.50	5.70	6.00	5.00	58	90
Total Noncurrent Liabilities	356	342	389	442	410	306	244	209	195	145	139
Long-Term Debt	200	137	165	189	169	39	0.00	0.00	0.00	0.00	0.00
Noncurrent Deferred & Payable Income Tax Liabilities	32	0.00	0.30	0.80	0.90	1.00	2.20	26	15	14	17
Noncurrent Employee Benefit Liabilities	114	192	211	240	222	241	223	163	161	110	100
Other Noncurrent Operating Liabilities	10	13	13	12	18	25	18	20	20	20	22
Total Equity & Noncontrolling Interests	682	597	561	613	563	508	665	687	732	691	686
Total Preferred & Common Equity	682	597	561	613	563	508	665	687	732	691	686
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	682	597	561	613	563	508	665	687	732	691	686
Common Stock	829	846	844	846	845	843	832	847	844	844	850
Retained Earnings	-93	-194	-238	-192	-302	-363	-188	-123	-54	-52	-54
Treasury Stock	-46	-45	-37	-33	-25	-13	0.00	-52	-71	-109	-116
Accumulated Other Comprehensive Income / (Loss)	-7.90	-9.40	-7.60	-8.90	45	40	21	15	12	7.70	5.40

This table presents Metallus' 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	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	1,122	1,135	1,149	1,154	1,166	1,120	1,133	1,102	1,112	1,150	1,138
Total Current Assets	583	615	627	631	648	607	602	568	561	580	552
Cash & Equivalents	263	227	222	225	278	273	255	180	191	192	104
Accounts Receivable	100	127	133	136	120	107	105	126	130	129	147
Inventories, net	206	245	266	255	238	204	218	231	223	238	280
Prepaid Expenses	6.90	4.60	3.20	12	9.00	15	18	27	15	20	20
Other Current Assets	7.40	11	2.30	2.40	3.10	8.20	6.50	4.40	1.80	1.40	1.30
Plant, Property, & Equipment, net	485	483	485	488	492	491	496	511	523	543	561
Total Noncurrent Assets	55	38	37	36	26	23	35	22	28	28	25
Noncurrent Note & Lease Receivables	-	-	-	-	-	-	-	-	-	-	3.50
Intangible Assets	5.40	4.40	3.90	3.00	2.60	4.10	4.00	3.30	3.20	3.10	2.80
Employee Benefit Assets	33	19	19	19	11	6.40	6.90	7.50	7.80	7.60	7.30
Other Noncurrent Operating Assets	17	15	14	13	12	12	24	12	17	17	11
Total Liabilities & Shareholders' Equity	1,122	1,135	1,149	1,154	1,166	1,120	1,133	1,102	1,112	1,150	1,138
Total Liabilities	387	444	437	424	427	384	421	415	422	453	455
Total Current Liabilities	192	231	220	207	239	195	228	280	276	305	319
Short-Term Debt	20	13	13	13	13	13	13	5.40	0.00	0.00	0.00
Accounts Payable	124	173	165	149	145	114	113	143	144	155	175
Accrued Expenses	16	20	14	17	30	13	14	16	14	20	16
Current Employee Benefit Liabilities	25	19	23	23	46	41	38	45	40	43	31
Other Current Liabilities	6.20	5.90	5.80	5.40	4.40	15	51	71	78	88	96
Total Noncurrent Liabilities	195	213	217	217	187	189	193	135	146	147	136
Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Noncurrent Deferred & Payable Income Tax Liabilities	1.70	27	27	27	15	15	15	14	13	15	17
Noncurrent Employee Benefit Liabilities	173	166	168	170	153	155	157	102	108	109	99
Other Noncurrent Operating Liabilities	21	21	22	20	19	19	20	19	25	23	20
Total Equity & Noncontrolling Interests	735	691	712	730	739	736	713	686	690	698	683
Total Preferred & Common Equity	735	691	712	730	739	736	713	686	690	698	683
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	735	691	712	730	739	736	713	686	690	698	683
Common Stock	846	840	841	842	835	837	840	840	843	847	846
Retained Earnings	-90	-109	-80	-55	-30	-25	-31	-51	-47	-39	-48
Treasury Stock	-34	-54	-63	-69	-77	-85	-105	-109	-112	-115	-116
Accumulated Other Comprehensive Income / (Loss)	13	14	14	12	11	9.60	8.40	6.80	6.60	5.40	0.70

This table displays calculated financial ratios and metrics derived from Metallus' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	44,192,239.00	44,221,682.00	44,441,647.00	44,584,668.00	44,820,153.00	45,151,960.00	-	-	-	-	41,648,794.00
DEI Adjusted Shares Outstanding	44,192,239.00	44,221,682.00	44,441,647.00	44,584,668.00	44,820,153.00	45,151,960.00	-	-	-	-	41,648,794.00
DEI Earnings Per Adjusted Shares Outstanding	-1.02	-2.39	-0.70	-0.22	-2.45	-1.37	-	-	-	-	-0.03
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-33.93%	-21.40%	52.87%	21.17%	-24.95%	-31.28%	54.44%	3.66%	2.44%	-20.43%	6.85%
EBITDA Growth	-95.77%	-1,077.78%	221.02%	36.78%	-136.38%	187.11%	790.61%	-19.01%	-20.87%	-62.68%	-2.37%
EBIT Growth	-198.13%	-91.22%	88.51%	159.33%	-1,340.45%	56.88%	483.61%	-22.89%	-28.48%	-95.63%	-86.36%
NOPAT Growth	-246.04%	37.02%	82.59%	352.29%	-416.73%	29.05%	377.84%	-72.00%	123.31%	-96.47%	-92.87%
Net Income Growth	-197.61%	-134.44%	70.33%	68.05%	-1,000.00%	43.73%	376.25%	-61.93%	6.61%	-98.13%	-192.31%
EPS Growth	-201.00%	-136.63%	70.71%	68.57%	-1,018.18%	43.90%	330.43%	-59.12%	13.08%	-97.96%	-200.00%
Operating Cash Flow Growth	14.06%	-30.53%	-89.11%	128.40%	280.00%	146.80%	13.49%	-31.69%	-6.84%	-67.84%	-60.30%
Free Cash Flow Firm Growth	47.51%	927.79%	-100.83%	-8,071.23%	124.86%	1,103.24%	-14.15%	-77.90%	79.17%	-80.78%	-734.07%
Invested Capital Growth	-6.56%	-15.65%	-0.97%	11.25%	-9.71%	-31.46%	-6.83%	-0.04%	3.22%	-1.94%	16.28%
Revenue Q/Q Growth	-15.42%	0.94%	10.54%	4.21%	-12.93%	-1.87%	11.01%	-6.53%	6.46%	0.00%	2.37%
EBITDA Q/Q Growth	107.49%	-286.57%	1,204.08%	4.80%	-177.00%	155.51%	36.90%	-25.31%	4.22%	0.00%	-5.57%
EBIT Q/Q Growth	51.83%	-179.66%	79.81%	89.36%	-217.24%	62.81%	62.31%	-32.28%	7.36%	0.00%	-87.50%
NOPAT Q/Q Growth	28.02%	8.08%	62.54%	3,337.50%	-1,455.36%	45.12%	41.68%	-70.22%	289.31%	0.00%	-95.70%
Net Income Q/Q Growth	50.00%	-198.87%	59.30%	25.93%	-154.04%	53.70%	69.14%	-58.11%	98.85%	0.00%	85.54%
EPS Q/Q Growth	49.25%	-198.75%	59.77%	26.67%	-153.61%	53.69%	73.77%	-55.02%	63.33%	0.00%	80.00%
Operating Cash Flow Q/Q Growth	20.07%	-24.70%	12.50%	315.12%	-1.26%	3.89%	24.07%	-33.25%	67.29%	0.00%	-49.69%
Free Cash Flow Firm Q/Q Growth	0.00%	111.39%	-103.54%	-78.38%	302.60%	20.50%	14.98%	-70.15%	1,165.23%	0.00%	-142.41%
Invested Capital Q/Q Growth	-2.51%	-8.27%	-4.07%	1.97%	-8.34%	-10.87%	-8.82%	-8.78%	-10.39%	0.00%	4.56%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	1.33%	3.21%	6.04%	7.86%	1.87%	1.88%	17.15%	9.53%	13.69%	9.01%	8.21%
EBITDA Margin	0.49%	-6.07%	4.81%	5.43%	-2.63%	3.33%	19.23%	15.02%	11.60%	5.44%	4.97%
Operating Margin	-8.99%	-7.20%	-0.82%	1.71%	-7.21%	-7.44%	9.68%	3.77%	7.66%	0.87%	-0.03%
EBIT Margin	-6.17%	-15.02%	-1.13%	0.55%	-9.13%	-5.73%	14.23%	10.59%	7.39%	0.41%	0.05%
Profit (Net Income) Margin	-4.07%	-12.13%	-2.35%	-0.62%	-9.10%	-7.45%	13.33%	4.90%	5.09%	0.12%	-0.10%
Tax Burden Percent	62.76%	74.30%	105.03%	121.95%	87.23%	101.98%	96.77%	67.04%	71.99%	28.26%	-63.16%
Interest Burden Percent	104.98%	108.73%	198.67%	-92.13%	114.22%	127.52%	96.77%	68.96%	95.73%	104.55%	316.67%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.23%	32.96%	28.01%	71.74%	163.16%
Return on Invested Capital (ROIC)	-8.00%	-5.66%	-1.08%	2.60%	-8.21%	-7.29%	25.77%	7.48%	16.45%	0.58%	0.04%
ROIC Less NNEP Spread (ROIC-NNEP)	7.93%	-51.55%	-19.88%	-16.38%	-39.95%	-39.18%	-16.69%	-6.45%	18.73%	1.12%	0.75%
Return on Net Nonoperating Assets (RNNOA)	1.71%	-10.83%	-4.32%	-4.30%	-10.50%	-4.28%	3.41%	2.15%	-6.66%	-0.40%	-0.21%
Return on Equity (ROE)	-6.29%	-16.49%	-5.41%	-1.70%	-18.71%	-11.56%	29.18%	9.64%	9.79%	0.18%	-0.17%
Cash Return on Invested Capital (CROIC)	-1.22%	11.31%	-0.10%	-8.05%	2.00%	30.05%	32.85%	7.53%	13.27%	2.54%	-15.01%
Operating Return on Assets (OROA)	-5.45%	-11.81%	-1.35%	0.73%	-9.35%	-4.58%	16.96%	12.57%	8.92%	0.38%	0.05%
Return on Assets (ROA)	-3.59%	-9.54%	-2.81%	-0.82%	-9.32%	-5.95%	15.89%	5.81%	6.15%	0.11%	-0.11%
Return on Common Equity (ROCE)	-6.29%	-16.49%	-5.41%	-1.70%	-18.71%	-11.56%	29.18%	9.64%	9.79%	0.18%	-0.17%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	25.73%	9.48%	9.49%	0.19%	0.00%
Net Operating Profit after Tax (NOPAT)	-70	-44	-7.63	19	-61	-43	120	34	75	2.66	0.19
NOPAT Margin	-6.29%	-5.04%	-0.57%	1.20%	-5.04%	-5.21%	9.37%	2.53%	5.52%	0.25%	0.02%
Net Nonoperating Expense Percent (NNEP)	-15.94%	45.89%	18.80%	18.98%	31.73%	31.89%	42.46%	13.93%	-2.28%	-0.54%	-0.71%
Return On Investment Capital (ROIC_SIMPLE)	-7.89%	-5.97%	-1.05%	2.40%	-8.33%	-7.39%	16.94%	4.76%	10.09%	0.38%	0.03%
Cost of Revenue to Revenue	98.67%	96.79%	93.96%	92.14%	98.13%	98.12%	82.85%	90.47%	86.31%	90.99%	91.79%
SG&A Expenses to Revenue	9.73%	10.37%	6.81%	6.10%	7.59%	9.23%	6.02%	5.55%	6.21%	8.09%	8.12%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	10.31%	10.41%	6.86%	6.15%	9.08%	9.32%	7.47%	5.75%	6.03%	8.15%	8.24%
Earnings before Interest and Taxes (EBIT)	-68	-131	-15	8.90	-110	-48	183	141	101	4.40	0.60
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	5.40	-53	64	87	-32	28	247	200	158	59	58
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.34	1.15	1.20	0.64	0.63	0.42	0.00	0.00	0.00	0.00	1.04
Price to Tangible Book Value (P/TBV)	0.36	1.20	1.25	0.66	0.64	0.42	0.00	0.00	0.00	0.00	1.05
Price to Revenue (P/Rev)	0.21	0.79	0.51	0.24	0.29	0.25	0.00	0.00	0.00	0.00	0.62
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.46	1.12	1.16	0.71	0.70	0.39	0.00	0.00	0.00	0.00	1.06
Enterprise Value to Revenue (EV/Rev)	0.35	0.91	0.61	0.35	0.41	0.22	0.00	0.00	0.00	0.00	0.48
Enterprise Value to EBITDA (EV/EBITDA)	72.05	0.00	12.76	6.38	0.00	6.73	0.00	0.00	0.00	0.00	9.71
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	62.62	0.00	0.00	0.00	0.00	0.00	0.00	932.32
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	28.95	0.00	0.00	0.00	0.00	0.00	0.00	2,952.36
Enterprise Value to Operating Cash Flow (EV/OCF)	3.63	10.69	100.65	30.12	7.02	1.07	0.00	0.00	0.00	0.00	34.96
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	9.08	0.00	0.00	33.30	1.04	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.29	0.23	0.29	0.31	0.30	0.15	0.07	0.03	0.02	0.01	0.00
Long-Term Debt to Equity	0.29	0.23	0.29	0.31	0.30	0.08	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.22	0.21	0.22	0.26	0.26	0.11	-0.20	-0.33	-0.36	-0.35	-0.28
Leverage Ratio	1.75	1.73	1.92	2.07	2.01	1.94	1.84	1.66	1.59	1.61	1.64
Compound Leverage Factor	1.84	1.88	3.82	-1.91	2.29	2.48	1.78	1.14	1.52	1.69	5.19
Debt to Total Capital	22.69%	18.61%	22.77%	23.58%	23.04%	13.35%	6.33%	2.89%	1.77%	0.78%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	6.64%	6.33%	2.89%	1.77%	0.78%	0.00%
Long-Term Debt to Total Capital	22.69%	18.61%	22.77%	23.58%	23.04%	6.71%	0.00%	0.00%	0.00%	0.00%	0.00%
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%	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%	0.00%
Common Equity to Total Capital	77.31%	81.39%	77.23%	76.42%	76.96%	86.65%	93.67%	97.11%	98.23%	99.22%	100.00%
Debt to EBITDA	37.07	-2.59	2.59	2.16	-5.30	2.82	0.18	0.10	0.08	0.09	0.00
Net Debt to EBITDA	29.22	-2.10	2.20	1.92	-4.45	-0.89	-0.87	-1.19	-1.69	-3.99	0.00
Long-Term Debt to EBITDA	37.07	-2.59	2.59	2.16	-5.30	1.42	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	-2.88	-3.12	-21.66	9.82	-2.77	-1.81	0.37	0.61	0.18	2.03	0.00
Net Debt to NOPAT	-2.27	-2.53	-18.45	8.70	-2.32	0.57	-1.79	-7.04	-3.56	-88.57	0.00
Long-Term Debt to NOPAT	-2.88	-3.12	-21.66	9.82	-2.77	-0.91	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	1.18	1.20	1.71	1.76	1.11	0.64	0.00	0.00	0.00	0.00	2.15
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.05	2.22	1.98	2.58	3.58	1.98	2.32	2.98	2.64	2.09	1.76
Quick Ratio	1.18	0.90	0.84	0.84	0.93	0.92	1.44	1.80	1.59	1.18	0.90
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-11	88	-0.73	-60	15	178	153	34	61	12	-74
Operating Cash Flow to CapEx	137.66%	174.24%	24.55%	47.44%	185.00%	2,891.67%	1,790.00%	619.82%	251.10%	62.68%	14.91%
Free Cash Flow to Firm to Interest Expense	-3.11	7.68	-0.05	-3.49	0.94	13.62	25.97	0.77	14.11	0.00	0.00
Operating Cash Flow to Interest Expense	31.50	6.53	0.55	1.08	4.48	13.24	33.37	3.08	29.14	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	8.62	2.78	-1.68	-1.20	2.06	12.79	31.51	2.58	17.53	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.88	0.79	1.19	1.32	1.02	0.80	1.19	1.19	1.21	0.95	1.03
Accounts Receivable Turnover	8.92	10.08	11.01	10.28	10.04	11.80	15.66	14.78	14.15	10.63	10.69
Inventory Turnover	4.67	4.98	6.43	4.96	3.61	3.54	5.46	5.97	5.59	4.41	4.59
Fixed Asset Turnover	1.44	1.15	1.84	2.33	1.86	1.39	2.38	2.67	2.78	2.17	2.17
Accounts Payable Turnover	12.86	12.33	11.24	10.03	10.32	10.27	9.19	9.43	9.54	7.81	7.87
Days Sales Outstanding (DSO)	40.91	36.21	33.14	35.49	36.37	30.93	23.30	24.69	25.80	34.35	34.16
Days Inventory Outstanding (DIO)	78.20	73.32	56.73	73.60	100.99	103.06	66.84	61.17	65.25	82.86	79.47
Days Payable Outstanding (DPO)	28.37	29.60	32.48	36.39	35.37	35.56	39.73	38.69	38.26	46.72	46.40
Cash Conversion Cycle (CCC)	90.74	79.92	57.39	72.70	101.99	98.44	50.41	47.17	52.79	70.48	67.24
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	840	708	702	780	705	483	450	450	464	455	529
Invested Capital Turnover	1.27	1.12	1.89	2.17	1.63	1.40	2.75	2.96	2.98	2.36	2.35
Increase / (Decrease) in Invested Capital	-59	-131	-6.90	79	-76	-222	-33	-0.20	15	-9.00	74
Enterprise Value (EV)	389	795	815	557	494	186	0.00	0.00	0.00	0.00	559
Market Capitalization	231	684	674	390	352	211	0.00	0.00	0.00	0.00	716
Book Value per Share	$15.43	$13.51	$12.62	$13.75	$12.56	$11.24	$14.38	$15.44	$16.95	$16.25	$16.47
Tangible Book Value per Share	$14.74	$12.94	$12.17	$13.35	$12.24	$11.03	$14.24	$15.33	$16.89	$16.17	$16.40
Total Capital	882	734	726	802	732	586	710	707	745	696	686
Total Debt	200	137	165	189	169	78	45	20	13	5.40	0.00
Total Long-Term Debt	200	137	165	189	169	39	0.00	0.00	0.00	0.00	0.00
Net Debt	158	111	141	168	142	-25	-215	-237	-267	-235	-157
Capital Expenditures (CapEx)	78	43	33	39	38	6.00	11	22	50	64	107
Debt-free, Cash-free Net Working Capital (DFCFNWC)	171	134	179	327	262	113	117	133	141	71	82
Debt-free Net Working Capital (DFNWC)	214	160	203	348	289	216	376	390	422	311	238
Net Working Capital (NWC)	214	160	203	348	289	177	332	370	408	306	238
Net Nonoperating Expense (NNE)	-25	62	24	29	49	19	-51	-31	5.76	1.36	1.39
Net Nonoperating Obligations (NNO)	158	111	141	168	142	-25	-215	-237	-267	-235	-157
Total Depreciation and Amortization (D&A)	74	78	79	79	79	75	64	59	57	55	57
Debt-free, Cash-free Net Working Capital to Revenue	15.48%	15.42%	13.46%	20.28%	21.70%	13.57%	9.10%	10.01%	10.35%	6.50%	7.04%
Debt-free Net Working Capital to Revenue	19.31%	18.37%	15.30%	21.63%	23.94%	25.94%	29.34%	29.35%	30.95%	28.71%	20.57%
Net Working Capital to Revenue	19.31%	18.37%	15.30%	21.63%	23.94%	21.26%	25.84%	27.81%	29.98%	28.21%	20.57%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.63)	($2.39)	($0.99)	($0.71)	($2.46)	($1.38)	$3.73	$1.42	$1.58	$0.03	($0.03)
Adjusted Weighted Average Basic Shares Outstanding	44.21M	44.37M	44.48M	44.63M	44.82M	45.18M	46.32M	43.90M	43.89M	42.12M	41.73M
Adjusted Diluted Earnings per Share	($1.63)	($2.39)	($0.99)	($0.71)	($2.46)	($1.38)	$3.18	$1.30	$1.47	$0.03	($0.03)
Adjusted Weighted Average Diluted Shares Outstanding	44.21M	44.37M	44.48M	44.63M	44.82M	45.18M	46.32M	43.90M	43.89M	42.12M	41.73M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	44.21M	44.37M	44.48M	44.63M	44.82M	45.18M	46.32M	43.90M	43.89M	42.12M	41.73M
Normalized Net Operating Profit after Tax (NOPAT)	-65	-44	-7.14	20	-48	-43	138	35	73	7.00	0.77
Normalized NOPAT Margin	-5.88%	-5.02%	-0.54%	1.23%	-4.01%	-5.15%	10.77%	2.67%	5.38%	0.65%	0.07%
Pre Tax Income Margin	-6.48%	-16.33%	-2.24%	-0.51%	-10.43%	-7.31%	13.77%	7.30%	7.08%	0.42%	0.16%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-20.09	-11.46	-1.01	0.52	-7.03	-3.63	30.95	3.22	23.42	0.00	0.00
NOPAT to Interest Expense	-20.46	-3.84	-0.52	1.13	-3.88	-3.30	20.37	0.77	17.48	0.00	0.00
EBIT Less CapEx to Interest Expense	-42.97	-15.20	-3.24	-1.76	-9.45	-4.09	29.08	2.73	11.81	0.00	0.00
NOPAT Less CapEx to Interest Expense	-43.35	-7.59	-2.75	-1.16	-6.30	-3.76	18.51	0.27	5.87	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-41.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-75.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	79.88%	46.97%	2,892.31%	-1,091.67%

This table displays calculated financial ratios and metrics derived from Metallus' official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	43,154,816.00	-	-	-	-	42,116,424.00	42,023,268.00	41,826,462.00	41,648,794.00	41,730,421.00
DEI Adjusted Shares Outstanding	-	43,154,816.00	-	-	-	-	42,116,424.00	42,023,268.00	41,826,462.00	41,648,794.00	41,730,421.00
DEI Earnings Per Adjusted Shares Outstanding	-	0.03	-	-	-	-	0.03	0.09	0.19	-0.34	0.13
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	11.81%	33.70%	-0.59%	-17.36%	-35.86%	-26.70%	-12.78%	3.36%	34.64%	11.14%	9.91%
EBITDA Growth	2,368.42%	68.09%	-4.68%	-92.98%	-120.26%	-120.25%	-62.65%	45.93%	455.81%	-106.25%	40.79%
EBIT Growth	358.27%	130.19%	-3.20%	-90.31%	-128.96%	-1,162.50%	-94.85%	194.59%	200.00%	-24.71%	442.86%
NOPAT Growth	352.30%	124.89%	38.31%	-90.72%	-133.29%	-205.03%	-101.91%	65.81%	176.84%	-68.04%	551.73%
Net Income Growth	286.47%	103.92%	66.67%	-84.08%	-123.79%	-1,746.15%	-94.58%	-19.57%	237.29%	33.18%	315.38%
EPS Growth	275.86%	107.55%	73.33%	-83.87%	-125.49%	-1,250.00%	-94.23%	-10.00%	246.15%	26.09%	333.33%
Operating Cash Flow Growth	-39.96%	212.66%	240.82%	0.00%	0.00%	-81.24%	-216.47%	319.28%	243.79%	-113.67%	30.85%
Free Cash Flow Firm Growth	64.99%	68.82%	-35.04%	-61.09%	1,445.90%	127.50%	-256.19%	-164.43%	-174.34%	-3,969.23%	-77.34%
Invested Capital Growth	5.07%	3.22%	-0.57%	-5.23%	-9.02%	-1.94%	7.76%	4.72%	7.41%	16.28%	13.26%
Revenue Q/Q Growth	-0.67%	-7.37%	0.00%	-8.36%	-22.90%	5.85%	16.63%	8.59%	0.43%	-12.62%	15.34%
EBITDA Q/Q Growth	-11.01%	-66.31%	0.00%	-90.91%	-356.76%	-174.42%	575.00%	65.13%	-4.78%	-127.62%	424.24%
EBIT Q/Q Growth	-14.14%	-95.12%	0.00%	-86.40%	-356.76%	-78.95%	108.24%	678.57%	-12.84%	-323.16%	135.85%
NOPAT Q/Q Growth	-15.10%	-70.72%	0.00%	-88.57%	-404.59%	7.62%	94.06%	1,091.74%	41.15%	-302.03%	115.97%
Net Income Q/Q Growth	-14.19%	-94.76%	0.00%	-80.83%	-228.26%	-262.71%	106.07%	184.62%	118.92%	-276.54%	137.76%
EPS Q/Q Growth	-17.74%	-92.16%	0.00%	-80.77%	-230.00%	-253.85%	106.52%	200.00%	111.11%	-278.95%	138.24%
Operating Cash Flow Q/Q Growth	111.28%	163.70%	0.00%	0.00%	0.00%	190.85%	-379.86%	189.46%	-36.78%	-108.64%	-1,315.79%
Free Cash Flow Firm Q/Q Growth	-103.96%	-174.83%	0.00%	20.54%	37.05%	-94.38%	-1,783.41%	50.28%	-58.13%	-192.32%	22.84%
Invested Capital Q/Q Growth	2.98%	-10.39%	0.00%	0.48%	-1.13%	-3.42%	12.30%	-2.35%	1.40%	4.56%	9.39%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	14.40%	12.62%	15.73%	8.18%	5.33%	4.53%	7.81%	10.57%	11.44%	2.24%	8.14%
EBITDA Margin	13.24%	4.82%	12.66%	1.26%	-4.18%	-1.33%	5.42%	8.24%	7.81%	-2.47%	6.94%
Operating Margin	8.70%	5.61%	8.21%	1.09%	-4.62%	-4.03%	-0.32%	3.05%	2.48%	-6.10%	0.88%
EBIT Margin	9.26%	0.49%	8.46%	1.26%	-4.18%	-7.07%	0.50%	3.58%	3.11%	-7.93%	2.47%
Profit (Net Income) Margin	7.00%	0.40%	7.46%	1.56%	-2.60%	-8.90%	0.46%	1.21%	2.65%	-5.35%	1.75%
Tax Burden Percent	71.68%	35.14%	80.00%	75.41%	83.10%	87.70%	44.83%	43.02%	74.31%	69.76%	67.50%
Interest Burden Percent	105.49%	231.25%	110.29%	164.86%	74.74%	143.53%	207.14%	78.90%	114.74%	96.70%	105.26%
Effective Tax Rate	28.32%	64.86%	20.00%	24.59%	0.00%	0.00%	55.17%	56.98%	25.69%	0.00%	32.50%
Return on Invested Capital (ROIC)	15.78%	5.87%	0.00%	0.00%	0.00%	-6.66%	-0.30%	2.83%	4.27%	-10.04%	1.29%
ROIC Less NNEP Spread (ROIC-NNEP)	14.58%	7.92%	0.00%	0.00%	0.00%	-0.84%	-1.08%	2.97%	3.14%	-8.57%	-1.28%
Return on Net Nonoperating Assets (RNNOA)	-4.52%	-2.82%	0.00%	0.00%	0.00%	0.30%	0.33%	-0.94%	-0.96%	2.44%	0.26%
Return on Equity (ROE)	11.26%	3.06%	0.00%	0.00%	0.00%	-6.36%	0.03%	1.90%	3.31%	-7.60%	1.55%
Cash Return on Invested Capital (CROIC)	-1.13%	13.27%	0.00%	0.00%	0.00%	2.54%	-10.01%	-6.30%	-6.24%	-15.01%	-12.19%
Operating Return on Assets (OROA)	10.41%	0.59%	0.00%	0.00%	0.00%	-6.69%	0.46%	3.38%	3.08%	-8.14%	2.61%
Return on Assets (ROA)	7.87%	0.48%	0.00%	0.00%	0.00%	-8.42%	0.43%	1.15%	2.62%	-5.49%	1.86%
Return on Common Equity (ROCE)	11.26%	3.06%	0.00%	0.00%	0.00%	-6.36%	0.03%	1.90%	3.31%	-7.60%	1.55%
Return on Equity Simple (ROE_SIMPLE)	4.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	22	6.46	21	2.41	-7.35	-6.79	-0.40	4.00	5.65	-11	1.82
NOPAT Margin	6.23%	1.97%	6.57%	0.82%	-3.24%	-2.82%	-0.14%	1.31%	1.85%	-4.27%	0.59%
Net Nonoperating Expense Percent (NNEP)	1.20%	-2.05%	1.20%	0.93%	0.64%	-5.81%	0.77%	-0.13%	1.13%	-1.47%	2.57%
Return On Investment Capital (ROIC_SIMPLE)	2.97%	0.87%	2.81%	0.32%	-1.01%	-0.98%	-0.06%	0.58%	0.81%	-1.66%	0.27%
Cost of Revenue to Revenue	85.60%	87.38%	84.27%	91.82%	94.67%	95.47%	92.19%	89.43%	88.56%	97.76%	91.86%
SG&A Expenses to Revenue	5.79%	6.92%	7.49%	7.02%	9.90%	8.48%	8.66%	7.52%	8.01%	8.34%	7.20%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	5.70%	7.01%	7.52%	7.09%	9.95%	8.57%	8.13%	7.52%	8.96%	8.34%	7.27%
Earnings before Interest and Taxes (EBIT)	33	1.60	27	3.70	-9.50	-17	1.40	11	9.50	-21	7.60
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	47	16	41	3.70	-9.50	-3.20	15	25	24	-6.60	21
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	1.41	0.00	0.00	0.00	0.86	0.82	0.93	0.99	1.04	1.00
Price to Tangible Book Value (P/TBV)	0.00	1.41	0.00	0.00	0.00	0.87	0.82	0.94	0.99	1.05	1.00
Price to Revenue (P/Rev)	0.00	0.76	0.00	0.00	0.00	0.55	0.54	0.61	0.61	0.62	0.57
Price to Earnings (P/E)	0.00	14.83	0.00	0.00	0.00	457.77	0.00	0.00	0.00	0.00	234.55
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	6.74%	0.00%	0.00%	0.00%	0.22%	0.00%	0.00%	0.00%	0.00%	0.43%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.64	0.00	0.00	0.00	0.79	0.76	0.91	0.98	1.06	1.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.56	0.00	0.00	0.00	0.33	0.37	0.43	0.44	0.48	0.49
Enterprise Value to EBITDA (EV/EBITDA)	0.00	4.82	0.00	0.00	0.00	6.10	11.54	10.96	8.15	9.71	9.03
Enterprise Value to EBIT (EV/EBIT)	0.00	7.57	0.00	0.00	0.00	81.77	0.00	0.00	103.53	932.32	84.74
Enterprise Value to NOPAT (EV/NOPAT)	0.00	10.14	0.00	0.00	0.00	135.44	0.00	0.00	112.69	2,952.36	421.46
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	6.08	0.00	0.00	0.00	8.93	0.00	0.00	15.63	34.96	20.58
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	12.56	0.00	0.00	0.00	30.87	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.02	0.02	0.02	0.02	0.02	0.01	0.01	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.31	-0.36	-0.33	-0.32	-0.31	-0.35	-0.31	-0.32	-0.31	-0.28	-0.20
Leverage Ratio	1.55	1.59	1.61	1.57	1.59	1.61	1.59	1.57	1.62	1.64	1.64
Compound Leverage Factor	1.64	3.68	1.77	2.58	1.18	2.31	3.29	1.23	1.86	1.59	1.72
Debt to Total Capital	1.76%	1.77%	1.75%	1.76%	1.82%	0.78%	0.78%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	1.76%	1.77%	1.75%	1.76%	1.82%	0.78%	0.78%	0.00%	0.00%	0.00%	0.00%
Long-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%	0.00%
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%	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%	0.00%
Common Equity to Total Capital	98.24%	98.23%	98.25%	98.24%	98.18%	99.22%	99.22%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.09	0.08	0.00	0.00	0.00	0.09	0.16	0.00	0.00	0.00	0.00
Net Debt to EBITDA	-1.40	-1.69	0.00	0.00	0.00	-3.99	-5.22	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.68	0.18	0.00	0.00	0.00	2.03	-0.43	0.00	0.00	0.00	0.00
Net Debt to NOPAT	-11.00	-3.56	0.00	0.00	0.00	-88.57	13.96	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	0.00	2.91	0.00	0.00	0.00	2.02	2.01	2.14	2.16	2.09	2.15
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.05	2.64	2.71	3.11	2.64	2.09	2.03	2.03	1.90	1.76	1.73
Quick Ratio	1.74	1.59	1.67	1.94	1.58	1.18	1.09	1.16	1.05	0.90	0.79
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-2.92	-8.04	24	29	39	2.21	-37	-18	-29	-86	-66
Operating Cash Flow to CapEx	160.57%	481.17%	191.95%	0.00%	0.00%	91.45%	-150.78%	195.51%	77.46%	-5.38%	-108.91%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.30	0.00	-8.04	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	1.88	0.00	15.13	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	-0.18	0.00	7.39	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.12	1.21	0.00	0.00	0.00	0.95	0.92	0.94	0.99	1.03	1.06
Accounts Receivable Turnover	10.85	14.15	0.00	0.00	0.00	10.63	8.49	8.90	9.65	10.69	8.69
Inventory Turnover	5.01	5.59	0.00	0.00	0.00	4.41	4.16	4.57	4.53	4.59	4.26
Fixed Asset Turnover	2.63	2.78	0.00	0.00	0.00	2.17	2.08	2.08	2.18	2.17	2.21
Accounts Payable Turnover	8.48	9.54	0.00	0.00	0.00	7.81	6.75	7.57	7.68	7.87	6.83
Days Sales Outstanding (DSO)	33.64	25.80	0.00	0.00	0.00	34.35	43.00	41.01	37.81	34.16	42.02
Days Inventory Outstanding (DIO)	72.85	65.25	0.00	0.00	0.00	82.86	87.72	79.92	80.59	79.47	85.60
Days Payable Outstanding (DPO)	43.03	38.26	0.00	0.00	0.00	46.72	54.10	48.24	47.50	46.40	53.45
Cash Conversion Cycle (CCC)	63.46	52.79	0.00	0.00	0.00	70.48	76.61	72.70	70.89	67.24	74.17
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	518	464	474	477	471	455	511	499	506	529	579
Invested Capital Turnover	2.53	2.98	0.00	0.00	0.00	2.36	2.12	2.16	2.32	2.35	2.18
Increase / (Decrease) in Invested Capital	25	15	-2.70	-26	-47	-9.00	37	23	35	74	68
Enterprise Value (EV)	0.00	762	0.00	0.00	0.00	360	387	454	497	559	576
Market Capitalization	0.00	1,029	0.00	0.00	0.00	595	561	645	688	716	680
Book Value per Share	$16.81	$16.95	$16.84	$16.79	$16.40	$16.25	$16.29	$16.42	$16.68	$16.47	$16.37
Tangible Book Value per Share	$16.74	$16.89	$16.79	$16.69	$16.31	$16.17	$16.21	$16.34	$16.61	$16.40	$16.30
Total Capital	743	745	753	750	726	696	692	690	698	686	683
Total Debt	13	13	13	13	13	5.40	5.40	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-212	-267	-265	-260	-241	-235	-175	-191	-192	-157	-104
Capital Expenditures (CapEx)	18	15	17	0.00	0.00	15	26	18	28	35	25
Debt-free, Cash-free Net Working Capital (DFCFNWC)	211	141	144	152	132	71	113	94	83	82	129
Debt-free Net Working Capital (DFNWC)	437	422	422	425	387	311	294	284	274	238	233
Net Working Capital (NWC)	424	408	409	412	374	306	288	284	274	238	233
Net Nonoperating Expense (NNE)	-2.72	5.16	-2.88	-2.19	-1.45	15	-1.70	0.30	-2.45	2.89	-3.58
Net Nonoperating Obligations (NNO)	-212	-267	-265	-260	-241	-235	-175	-191	-192	-157	-104
Total Depreciation and Amortization (D&A)	14	14	14	0.00	0.00	14	14	14	14	15	14
Debt-free, Cash-free Net Working Capital to Revenue	16.50%	10.35%	0.00%	0.00%	0.00%	6.50%	10.87%	8.88%	7.31%	7.04%	10.88%
Debt-free Net Working Capital to Revenue	34.12%	30.95%	0.00%	0.00%	0.00%	28.71%	28.16%	27.00%	24.23%	20.57%	19.65%
Net Working Capital to Revenue	33.09%	29.98%	0.00%	0.00%	0.00%	28.21%	27.64%	27.00%	24.23%	20.57%	19.65%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.56	$0.03	$0.55	$0.10	($0.13)	($0.49)	$0.03	$0.09	$0.19	($0.34)	$0.13
Adjusted Weighted Average Basic Shares Outstanding	43.15M	43.89M	43.86M	43.46M	42.49M	42.12M	42.02M	41.83M	41.65M	41.73M	41.63M
Adjusted Diluted Earnings per Share	$0.51	$0.04	$0.52	$0.10	($0.13)	($0.46)	$0.03	$0.09	$0.19	($0.34)	$0.13
Adjusted Weighted Average Diluted Shares Outstanding	43.15M	43.89M	43.86M	43.46M	42.49M	42.12M	42.02M	41.83M	41.65M	41.73M	41.63M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	43.15M	43.89M	43.86M	43.46M	42.49M	42.12M	42.02M	41.83M	41.65M	41.73M	41.63M
Normalized Net Operating Profit after Tax (NOPAT)	22	13	21	2.56	-7.28	-6.65	-1.68	6.51	7.80	-11	1.96
Normalized NOPAT Margin	6.17%	3.99%	6.59%	0.87%	-3.20%	-2.77%	-0.60%	2.14%	2.55%	-4.27%	0.63%
Pre Tax Income Margin	9.77%	1.13%	9.33%	2.07%	-3.13%	-10.15%	1.03%	2.82%	3.56%	-7.67%	2.59%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	-2.30	0.00	4.74	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	-0.92	0.00	1.74	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	-4.35	0.00	-3.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	-2.97	0.00	-6.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	137.82%	46.97%	0.00%	0.00%	0.00%	2,892.31%	-181.31%	-145.74%	-185.54%	-1,091.67%	406.90%

Financials Breakdown Chart

Key Financial Trends

Here is a concise, data-driven quick take on Metallus Inc. (NYSE: MTUS) using the quarterly statements from 2022 through 2025. The bullet points focus on notable trends that retail investors may care about.

No debt on the balance sheet in recent quarters: Long-Term Debt and Short-Term Debt are reported as 0.0 in multiple 2025 quarters, with total liabilities largely funded by equity (example: Q3 2025 Balance Sheet shows Total Liabilities of about $452.7M vs. Total Equity of roughly $697.7M).
Solid cash balance around $180–$192M through 2025: Cash & Equivalents run in the high hundreds of millions of dollars, e.g., about $191.5M (Q3 2025), $190.8M (Q2 2025), and $180.3M (Q1 2025).
Revenue showed a year-over-year uptick in Q4 2025: Operating Revenue rose to $267.3M in Q4 2025 from $240.5M in Q4 2024 (roughly +11% YoY), indicating top-line strength relative to the prior year quarter.
Operating cash flow improved mid-2025 and stayed positive in mid-year: Net Cash From Continuing Operating Activities was $34.8M in Q2 2025 and $22.0M in Q3 2025, after a negative start to 2025 (Q1 2025 was -$38.9M).
Quarterly net income has seen selective positives in 2025: Net Income from continuing operations was $8.1M in Q3 2025 and $3.7M in Q2 2025, illustrating some quarterly profitability despite a mix of results later in 2025.
Sizable capital expenditures drive cash outflows: Purchases of Property, Plant & Equipment show meaningful outlays across quarters (e.g., Q4 2025 about -$35.3M, Q3 2025 about -$28.4M, Q2 2025 about -$17.8M, Q1 2025 about -$27.5M), indicating ongoing investment in fixed assets.
Inventory and working-capital intensity: Inventories net are consistently high (e.g., 2025 Q3 inventories around $237–$246M) with related current liabilities, signaling a heavier working-capital footprint than some peers.
Profitability remains volatile with several quarterly losses: In several quarters, net income is negative (e.g., Q4 2025 net income -$14.3M; Q4 2024 net income -$21.4M; multiple earlier quarters show negative net income), raising questions about sustained profitability.
Cash flow from financing often outflows to buybacks and repayments: Net cash from financing activities and related components show recurring outflows (e.g., periodic share repurchases and financing activity negatives), contributing to negative net changes in cash in some quarters.

Bottom line: Metallus appears to enter 2025 with a reasonable liquidity cushion and no debt, plus selective quarterly profitability and improving operating cash flow in the middle of the year. However, profitability remains volatile, and cash flow from operations is not consistently positive across every quarter. Investors may want to watch whether the company sustains the mid-year improvements in operating cash flow and whether the ongoing capex outlays translate into meaningful earnings momentum over the next several quarters.

05/19/26 11:42 AM ETAI Generated. May Contain Errors.

Metallus Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Metallus' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Metallus' net income appears to be on a downward trend, with a most recent value of -$1.20 million in 2025, falling from -$45 million in 2015. The previous period was $1.30 million in 2024. View Metallus' forecast to see where analysts expect Metallus to go next.

Metallus' total operating income in 2025 was -$300 thousand, based on the following breakdown:

Total Gross Profit: $95.10 million
Total Operating Expenses: $95.40 million

Over the last 10 years, Metallus' total revenue changed from $1.11 billion in 2015 to $1.16 billion in 2025, a change of 4.7%.

Metallus' total liabilities were at $454.20 million at the end of 2025, a 6.6% increase from 2024, and a 1.4% decrease since 2015.

In the past 10 years, Metallus' cash and equivalents has ranged from $21.60 million in 2018 to $280.60 million in 2023, and is currently $156.70 million as of their latest financial filing in 2025.

Over the last 10 years, Metallus' book value per share changed from 15.43 in 2015 to 16.47 in 2025, a change of 6.7%.

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Financial statements for NYSE:MTUS last updated on 5/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Metallus (MTUS) Financials

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