MTUS

MKT CAP:$794M

Metallus Inc.

Market Cap

$794M

Basic Materials·Steel·🇺🇸 United States·NYSE

Materials·Steel·🇺🇸·NYSE

Stock Price

$18.61+$0.82 (+4.61%)

Apr 22, 2026

Company Details

Metallus Inc. manufactures and sells alloy steel, and carbon and micro-alloy steel products in the United States and internationally. The company offers special bar quality (SBQ) bars, seamless mechanical tubes, precision steel components, ...

CEO

Michael S. Williams

IPO Date

Jun 19, 2014

Website

www.metallus.com

Key Metrics TTM

Revenue

$1.2B

+6.9% YoY

Net Income

-$1M

EPS (Diluted)

-$0.03

Free Cash Flow

-$93M

Revenue / Share

$27.78

Gross Margin

8.2%

Operating Margin

0.3%

Net Margin

-0.1%

FCF Margin

-8.0%

P/S

0.7x

P/E

—

Earnings Reports

Q1 2026

May 14, 2026

PENDING

FY 2025

Feb 20, 2026

$1.2B+6.9%EPS -$0.03

Q4 2025

Feb 20, 2026

$267M+11.1%EPS -$0.34

Q3 2025

Nov 6, 2025

$306M+34.6%EPS $0.19

Q2 2025

Aug 7, 2025

$305M+3.4%EPS $0.09

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$352M	$60M	$42M
Q2 22	$416M	$81M	$60M
Q3 22	$317M	$6M	-$11M
Q4 22	$245M	-$20M	-$39M
Q1 23	$324M	$40M	$19M
Q2 23	$357M	$54M	$34M
Q3 23	$354M	$51M	$0
Q4 23	$328M	$41M	$20M
Q1 24	$322M	$51M	$27M
Q2 24	$295M	$24M	$3M
Q3 24	$227M	$12M	-$10M
Q4 24	$241M	$11M	-$10M
Q1 25	$281M	$22M	-$2M
Q2 25	$305M	$32M	$9M
Q3 25	$306M	$35M	$12M
Q4 25	$267M	$6M	-$16M

Valuation

Quarter	P/S	P/E
Q1 22	0.8x	5.4x
Q2 22	0.6x	4.2x
Q3 22	0.5x	4.7x
Q4 22	0.6x	12.4x
Q1 23	0.6x	18.9x
Q2 23	0.8x	—
Q3 23	0.7x	26.7x
Q4 23	0.7x	13.9x
Q1 24	0.7x	12.4x
Q2 24	0.7x	15.9x
Q3 24	0.5x	26.2x
Q4 24	0.5x	447.8x
Q1 25	0.6x	—
Q2 25	0.6x	—
Q3 25	0.6x	—
Q4 25	0.6x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$13M	$7M
Q2 22	$51M	$47M
Q3 22	$47M	$41M
Q4 22	$24M	$12M
Q1 23	$10M	-$800.0K
Q2 23	$13M	$5M
Q3 23	$28M	$11M
Q4 23	$74M	$59M
Q1 24	$33M	$16M
Q2 24	$8M	-$6M
Q3 24	-$15M	-$33M
Q4 24	$14M	-$1M
Q1 25	-$39M	-$66M
Q2 25	$35M	$17M
Q3 25	$22M	-$6M
Q4 25	-$2M	-$37M

Capital Expenditures

Quarter	CapEx
Q1 22	$7M
Q2 22	$4M
Q3 22	$6M
Q4 22	$11M
Q1 23	$11M
Q2 23	$8M
Q3 23	$18M
Q4 23	$15M
Q1 24	$17M
Q2 24	$14M
Q3 24	$18M
Q4 24	$15M
Q1 25	$28M
Q2 25	$18M
Q3 25	$28M
Q4 25	$35M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+28.7%	+22.7%
Q2 22	+27.0%	+26.7%
Q3 22	-7.8%	+10.8%
Q4 22	-27.5%	-5.0%
Q1 23	-8.1%	-2.1%
Q2 23	-14.2%	-9.5%
Q3 23	+11.8%	+8.2%
Q4 23	+33.7%	+8.3%
Q1 24	-0.6%	-3.0%
Q2 24	-17.4%	-9.7%
Q3 24	-35.9%	-32.9%
Q4 24	-26.7%	-18.8%
Q1 25	-12.8%	-4.4%
Q2 25	+3.4%	+1.4%
Q3 25	+34.6%	+23.7%
Q4 25	+11.1%	+13.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$2M	0.6%
Q2 22	$2M	0.5%
Q3 22	$2M	0.7%
Q4 22	$2M	0.9%
Q1 23	$3M	0.8%
Q2 23	$3M	0.8%
Q3 23	$3M	0.8%
Q4 23	$3M	0.9%
Q1 24	$4M	1.1%
Q2 24	$4M	1.2%
Q3 24	$4M	1.5%
Q4 24	$4M	1.5%
Q1 25	$0	0.0%
Q2 25	$4M	1.2%
Q3 25	$4M	1.2%
Q4 25	$4M	1.4%

OpEx Breakdown

Quarter	SG&A
Q1 22	$19M
Q3 22	$16M
Q1 23	$21M
Q3 23	$21M
Q4 23	$23M
Q1 24	$24M
Q2 24	$21M
Q3 24	$23M
Q4 24	$20M
Q1 25	$24M
Q2 25	$23M
Q4 25	$22M

Revenue Segments

Quarter	Manufactured Components	Other Products	Seamless Mechanical Tubing	Special Bar Quality Bars
Q3 22	$61M	$5M	$45M	$207M
Q1 23	$54M	$6M	$46M	$218M
Q2 23	$59M	$5M	$39M	$254M
Q3 23	$65M	$5M	$43M	$241M
Q1 24	$74M	$6M	$48M	$194M
Q2 24	$75M	$5M	$35M	$180M
Q3 24	$69M	$4M	$28M	$126M
Q1 25	$79M	$4M	$31M	$166M
Q2 25	$80M	$5M	$33M	$186M
Q3 25	$85M	$5M	$30M	$186M
Q4 25	$68M	$4M	$31M	$165M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$240M	$0	$240M
Q2 22	$239M	$0	$239M
Q3 22	$263M	$0	$263M
Q4 22	$257M	$0	$257M
Q1 23	$227M	$0	$227M
Q2 23	$222M	$0	$222M
Q3 23	$225M	$0	$225M
Q4 23	$281M	$0	$281M
Q1 24	$279M	$0	$279M
Q2 24	$273M	$0	$273M
Q3 24	$255M	$0	$255M
Q4 24	$241M	$0	$241M
Q1 25	$180M	$0	$180M
Q2 25	$191M	$0	$191M
Q3 25	$192M	$0	$192M
Q4 25	$157M	$0	$157M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	54M	-0.6%	-3.4%
Q2 22	53M	-1.9%	-5.9%
Q3 22	46M	-12.9%	-14.7%
Q4 22	45M	-3.3%	-17.7%
Q1 23	49M	+9.4%	-9.5%
Q2 23	47M	-2.9%	-10.4%
Q3 23	48M	+1.3%	+4.1%
Q4 23	47M	-1.7%	+5.8%
Q1 24	47M	-0.6%	-3.9%
Q2 24	47M	-0.4%	-1.5%
Q3 24	43M	-7.5%	-10.0%
Q4 24	42M	-1.6%	-10.0%
Q1 25	44M	+4.5%	-5.3%
Q2 25	43M	-2.3%	-7.1%
Q3 25	43M	0.0%	+0.5%
Q4 25	42M	-3.7%	-1.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$190.3K	2K
Q2 22	$224.7K	2K
Q3 22	$171.2K	2K
Q4 22	$144.4K	2K
Q1 23	$190.3K	2K
Q2 23	$209.8K	2K
Q3 23	$208.4K	2K
Q4 23	$178.3K	2K
Q1 24	$174.8K	2K
Q2 24	$160.2K	2K
Q3 24	$123.5K	2K
Q4 24	$127.9K	2K
Q1 25	$149.2K	2K
Q2 25	$162.0K	2K
Q3 25	$162.7K	2K
Q4 25	$143.3K	2K

Revenue / Employee