Metallus (MTUS) FY2025 results: revenue $1.2 billion, up 6.9% on the year
Metallus Inc. (MTUS) reported revenue of $1.2 billion for fiscal 2025, the year ended 31 December 2025, up 6.9% on the year before. Net income was -$1 million, and diluted earnings per share $-0.03. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2026.
Revenue
$1.2 billion
+6.9% on the year
FY2018FY2025
Operating margin
n/a
FY2018FY2025
Net income
-$1 million
FY2018FY2025
Diluted EPS
-$0.03
FY2018FY2025
this yearthe year beforeHover a bar for its figure.
The year in brief
What management said about the year
Guidance figures: 8 new.
Fourth-quarter sales fell sequentially: Net sales were $267.3 million, down 13 percent from the third quarter of 2025.
Fourth-quarter adjusted results: On an adjusted basis, the net loss was $7.7 million, or $0.18 per diluted share, and adjusted EBITDA was $2.4 million.
Full-year sales rose 7 percent: Net sales of $1.2 billion rose 7 percent from 2024 on higher shipments and raw material surcharge revenue.
Full-year adjusted EBITDA reported: On an adjusted basis, full-year net income was $15.3 million, or $0.37 per diluted share, and adjusted EBITDA was $75.6 million.
Aerospace and defense sales up 19 percent: Aerospace & defense net sales rose 19 percent to $160.6 million for 2025 compared with 2024.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Operating cash flow
16.0
40.3
125
-60.3%
Capital expenditure
109
64.3
51.6
+69.5%
Free cash flow
-93.0
-24.0
73.7
Free cash flow margin
-8.0%
-2.2%
5.4%
Cash from investing
-75.2
-10.8
-49.9
Cash from financing
-25.2
-68.9
-51.9
Depreciation and amortisation
56.6
54.1
56.9
+4.6%
Share-based compensation
14.7
14.0
11.5
+5.0%
Buybacks
13.1
37.6
32.6
-65.2%
Diluted shares, weighted
42m
44m
48m
-5.4%
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
686
690
732
-0.7%
Debt
0.0
5.4
13.2
Operating lease liabilities
7.3
6.9
6.4
+5.8%
Finance lease liabilities
2.8
0.0
n/a
Other liabilities
444
414
424
+7.3%
Total liabilities and equity
1,140
1,117
1,175
+2.1%
Fixed assets
562
507
492
+10.9%
Intangible assets
2.9
3.4
2.7
-14.7%
Cash and equivalents
157
241
281
-34.9%
Receivables
126
90.8
113
+38.8%
Inventory
243
220
228
+10.6%
Other assets
48.9
54.7
58.3
-10.6%
Total assets
1,140
1,117
1,175
+2.1%
10-K for the year ended 31 December 2025, filed 20 February 2026: the filing.