Metallus Inc. MTUS
Metallus Inc., ("we", "us", "our", the "Company" or "Metallus") was incorporated in Ohio on October 24, 2013, and became an independent, publicly traded company as the result of a spinoff from The Timken Company ("Timken") on June 30, 2014. In the spinoff, Timken transferred to us all of the assets and generally all of the liabilities related to Timken's steel business.
We manufacture alloy steel, as well as carbon and micro-alloy steel, using electric arc furnace ("EAF") technology. Our portfolio includes special bar quality ("SBQ") bars, seamless mechanical tubing ("tubes"), manufactured components such as precision steel components, and billets. Additionally, we manage raw material recycling programs, which are used internally as a feeder system for our melt operations and allow us to sell scrap not used in our operations to third parties. Our products and solutions are used in a diverse range of demanding applications in the following end-markets: industrial; automotive; aerospace & defense; and energy.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.16B | $1.08B | $1.36B | $1.33B | $1.28B | $830.7M | $1.21B | $1.61B | $1.33B | $869.5M |
| Cost of revenue | $1.06B | $986.3M | $1.18B | $1.20B | $1.06B | $815.1M | $1.19B | $1.48B | $1.25B | $841.6M |
| Gross profit | $95.1M | $97.7M | $186.5M | $126.7M | $220.0M | $15.6M | $22.6M | $126.6M | $80.3M | $27.9M |
| R&D | — | — | — | $800.0K | $1.7M | $1.8M | $4.1M | $8.1M | $8.0M | $8.0M |
| SG&A | $94.0M | $87.7M | $84.6M | $73.8M | $77.2M | $76.7M | $91.8M | $98.2M | $90.5M | $90.2M |
| Operating income | — | — | — | — | — | — | — | $5.8M | -$23.4M | -$62.6M |
| Interest expense | $4.9M | $9.6M | $7.1M | $600.0K | $6.2M | $12.6M | $15.7M | $17.1M | $14.8M | $11.4M |
| Pre-tax income | $1.9M | $4.6M | $96.4M | $97.1M | $176.7M | -$60.7M | -$126.1M | -$8.2M | -$29.8M | -$142.0M |
| Income tax | $3.1M | $3.3M | $27.0M | $32.0M | $5.7M | $1.2M | $16.1M | $1.8M | $1.5M | $36.5M |
| Net income | -$1.2M | $1.3M | $69.4M | $65.1M | $171.0M | -$61.9M | -$110.0M | -$10.0M | -$31.3M | -$105.5M |
| EPS, basic | -0.03 | 0.03 | 1.58 | 1.42 | 3.73 | -1.38 | -2.46 | -0.22 | -0.70 | -2.39 |
| EPS, diluted | -0.03 | 0.03 | 1.47 | 1.30 | 3.18 | -1.38 | -2.46 | -0.22 | -0.70 | -2.39 |
| Shares, diluted (wtd. avg.) | $41.9M | $44.3M | $47.8M | $51.5M | $55.0M | $45.0M | $44.8M | $44.6M | $44.4M | $44.2M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $156.7M | $240.7M | $280.6M | $257.8M | $259.6M | $102.8M | $27.1M | $21.6M | $24.5M | $25.6M |
| Receivables | $126.0M | $90.8M | $113.2M | $79.4M | $100.5M | $63.3M | $77.5M | $163.4M | $149.8M | $91.6M |
| Inventory | $243.2M | $219.8M | $228.0M | $192.4M | $210.9M | $178.4M | $281.9M | $374.5M | $224.0M | $164.2M |
| Total current assets | $553.2M | $587.3M | $656.8M | $556.6M | $582.3M | $357.6M | $401.7M | $569.1M | $410.2M | $290.4M |
| Property, plant and equipment | $562.5M | $507.3M | $492.5M | $486.1M | $510.2M | $569.8M | $626.4M | $674.4M | $706.7M | $741.9M |
| Other intangibles | $2.9M | $3.4M | $2.7M | $5.0M | $6.7M | $9.3M | $14.3M | $17.8M | $19.9M | $25.0M |
| Total assets | $1.14B | $1.12B | $1.18B | $1.08B | $1.16B | $994.0M | $1.09B | $1.28B | $1.16B | $1.07B |
| Short-term debt | — | $5.4M | $13.2M | $20.4M | $44.9M | $38.9M | — | — | — | — |
| Total current liabilities | $314.9M | $281.5M | $248.4M | $186.7M | $250.8M | $181.0M | $112.3M | $220.8M | $206.8M | $130.7M |
| Long-term debt | — | $0 | $0 | $0 | $0 | $39.3M | $168.6M | $74.1M | — | $70.2M |
| Total liabilities | $454.2M | $426.2M | $443.7M | $395.5M | $494.3M | $486.5M | $522.1M | $662.4M | — | — |
| Retained earnings | -$53.6M | -$52.4M | -$53.7M | -$123.1M | -$188.2M | -$363.4M | -$301.5M | -$191.5M | -$238.0M | $150.4M |
| Total equity | $686.0M | $690.5M | $731.6M | $686.5M | $664.6M | $507.5M | $563.1M | $612.9M | $616.7M | $597.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $16.0M | $40.3M | $125.3M | $134.5M | $196.9M | $173.5M | $70.3M | $18.5M | $8.1M | $74.4M |
| Depreciation and amortisation | $56.6M | $54.1M | $56.9M | $58.3M | $63.1M | $70.0M | $73.5M | $73.0M | $74.9M | $74.9M |
| Stock-based compensation | $14.7M | $14.0M | $11.5M | $8.8M | $7.3M | $6.6M | $7.4M | $7.3M | $6.5M | $6.7M |
| Capital expenditure | $109.0M | $64.3M | $51.6M | $27.1M | $12.2M | $16.9M | $38.0M | $40.0M | $33.0M | $42.7M |
| Investing cash flow | -$75.2M | -$10.8M | -$49.9M | -$21.7M | -$4.8M | -$6.0M | -$38.0M | -$39.0M | -$33.0M | -$42.7M |
| Financing cash flow | -$25.2M | -$68.9M | -$51.9M | -$114.6M | -$35.3M | -$91.8M | -$26.8M | $17.6M | $23.8M | -$48.5M |
| Dividends paid | — | — | — | — | — | — | — | — | $0 | $0 |
| Buybacks | $13.1M | $37.6M | $32.6M | $52.0M | $0 | $0 | $1.0M | $700.0K | $1.4M | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-061042.
Others in SIC 3312
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| NUE | NUCOR CORP | $59.23B | 34.7x | 5.7% |
| STLD | STEEL DYNAMICS INC | $34.69B | 30.3x | 3.6% |
| CRS | CARPENTER TECHNOLOGY CORP | $23.56B | 45.2x | 8.6% |
| CMC | COMMERCIAL METALS Co | $7.77B | 95.0x | -1.6% |
| SXC | SunCoke Energy, Inc. | $876.8M | — | -5.1% |
| TWI | TITAN INTERNATIONAL INC | $537.6M | — | -0.9% |
| MT | ArcelorMittal | — | — | — |
| TX | Ternium S.A. | — | — | -11.6% |