Metallus Inc. (MTUS) 10-Year Financial Performance & Capital Metrics

MTUS • • Industrial / General

Basic MaterialsSteelSpecialty Steel & ComponentsSpecial Bar Quality & Alloy Steel

AboutMetallus 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, and billets that are used in gears, hubs, axles, crankshafts and motor shafts, oil country drill pipes, bits and collars, bearing races and rolling elements, bushings, fuel injectors, wind energy shafts, anti-friction bearings, artillery and mortar bodies, and other applications. It also provides custom-make precision steel components. It offers its products and services to the automotive, energy, industrial equipment, mining, construction, rail, aerospace and defense, heavy truck, agriculture, and power generation sectors. The company was formerly known as TimkenSteel Corporation and changed its name to Metallus Inc. in February 2024. Metallus Inc. was founded in 1899 and is headquartered in Canton, Ohio.Show more

Revenue $1.08B -20.4%
EBITDA $64M -59.6%
Net Income $1M -98.1%
EPS (Diluted) 0.03 -98.0%
Gross Margin 9.01% -34.2%
EBITDA Margin 5.91% -49.3%
Operating Margin 0.92% -87.7%
Net Margin 0.12% -97.6%
ROE 0.18% -98.1%
ROIC 1.59% -90.2%
Debt/Equity 0.02 -26.3%
Interest Coverage 4.00 -89.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓High quality earnings: Operating CF exceeds net income
✓Share count reduced 7.3% through buybacks
✓Trading near 52-week high
✓Trading at only 1.3x book value

✗Weaknesses

✗Negative free cash flow

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-4.25%

5Y-2.16%

3Y-5.46%

TTM-3.42%

Profit (Net Income) CAGR

10Y-30.01%

5Y-

3Y-80.34%

TTM-134.58%

EPS CAGR

10Y-29.72%

5Y-

3Y-79.01%

TTM-175.77%

ROCE

10Y Avg0.62%

5Y Avg5.87%

3Y Avg6.06%

Latest1.14%

Peer Comparison

Special Bar Quality & Alloy Steel

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MTUSMetallus Inc.	865.88M	20.79	707.14	-20.43%	-0.73%	-1.19%		0.02
SIMGrupo Simec, S.A.B. de C.V.	4.68B	30.51	0.44	-18.34%	16.63%	8.98%	73.06%	0.00

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.11B	869.5M	1.33B	1.61B	1.21B	830.7M	1.28B	1.33B	1.36B	1.08B
Revenue Growth %	-0.34%	-0.21%	0.53%	0.21%	-0.25%	-0.31%	0.54%	0.04%	0.02%	-0.2%
Cost of Goods Sold+	1.09B	841.6M	1.26B	1.48B	1.19B	815.1M	1.06B	1.2B	1.18B	986.3M
COGS % of Revenue	0.99%	0.97%	0.95%	0.92%	0.98%	0.98%	0.83%	0.9%	0.86%	0.91%
Gross Profit+	14.7M	27.9M	67.8M	126.6M	22.6M	15.6M	220M	126.7M	186.5M	97.7M
Gross Margin %	0.01%	0.03%	0.05%	0.08%	0.02%	0.02%	0.17%	0.1%	0.14%	0.09%
Gross Profit Growth %	-0.93%	0.9%	1.43%	0.87%	-0.82%	-0.31%	13.1%	-0.42%	0.47%	-0.48%
Operating Expenses+	83M	90.2M	90.5M	98.2M	114.9M	66.6M	74.7M	73.8M	84.6M	87.7M
OpEx % of Revenue	0.08%	0.1%	0.07%	0.06%	0.1%	0.08%	0.06%	0.06%	0.06%	0.08%
Selling, General & Admin	99M	80.7M	81.5M	90.1M	0	0	77.2M	73M	84.6M	87.7M
SG&A % of Revenue	0.09%	0.09%	0.06%	0.06%	-	-	0.06%	0.05%	0.06%	0.08%
Research & Development	8.6M	8M	8M	8.1M	4.1M	1.8M	0	800K	0	0
R&D % of Revenue	0.01%	0.01%	0.01%	0.01%	0%	0%	-	0%	-	-
Other Operating Expenses	0	1.5M	1M	0	110.8M	64.8M	-2.5M	0	0	0
Operating Income+	-92.9M	-62.3M	-22.7M	28.4M	-92.3M	-51M	145.3M	52.9M	101.9M	10M
Operating Margin %	-0.08%	-0.07%	-0.02%	0.02%	-0.08%	-0.06%	0.11%	0.04%	0.07%	0.01%
Operating Income Growth %	-2.29%	0.33%	0.64%	2.25%	-4.25%	0.45%	3.85%	-0.64%	0.93%	-0.9%
EBITDA+	-19.5M	12.6M	52.2M	101.4M	-21.6M	15.6M	208.4M	111.2M	158.8M	64.1M
EBITDA Margin %	-0.02%	0.01%	0.04%	0.06%	-0.02%	0.02%	0.16%	0.08%	0.12%	0.06%
EBITDA Growth %	-1.15%	1.65%	3.14%	0.94%	-1.21%	1.72%	12.36%	-0.47%	0.43%	-0.6%
D&A (Non-Cash Add-back)	73.4M	74.9M	74.9M	73M	70.7M	66.6M	63.1M	58.3M	56.9M	54.1M
EBIT	-68.3M	-133.5M	-15M	8.9M	-92.3M	-49.2M	182.9M	97.7M	96.4M	4.6M
Net Interest Income+	-3.4M	-11.4M	-14.8M	-17.1M	-15.7M	-12.2M	-5.9M	-600K	7.1M	9.6M
Interest Income	0	11.4M	0	0	0	400K	300K	3.3M	9.8M	12.1M
Interest Expense	3.4M	8.5M	14.8M	17.1M	15.7M	12.6M	6.2M	3.9M	2.7M	2.5M
Other Income/Expense	21.2M	-79.7M	-19.6M	-36.6M	-1.6M	-9.7M	31.4M	44.2M	-5.5M	-5.4M
Pretax Income+	-71.7M	-142M	-42.3M	-8.2M	-93.9M	-60.7M	176.7M	97.1M	96.4M	4.6M
Pretax Margin %	-0.06%	-0.16%	-0.03%	-0.01%	-0.08%	-0.07%	0.14%	0.07%	0.07%	0%
Income Tax+	-26.7M	-36.5M	1.5M	1.8M	16.1M	1.2M	5.7M	32M	27M	3.3M
Effective Tax Rate %	0.63%	0.74%	1.04%	1.22%	1.17%	1.02%	0.97%	0.67%	0.72%	0.28%
Net Income+	-45M	-105.5M	-43.8M	-10M	-110M	-61.9M	171M	65.1M	69.4M	1.3M
Net Margin %	-0.04%	-0.12%	-0.03%	-0.01%	-0.09%	-0.07%	0.13%	0.05%	0.05%	0%
Net Income Growth %	-1.98%	-1.34%	0.58%	0.77%	-10%	0.44%	3.76%	-0.62%	0.07%	-0.98%
Net Income (Continuing)	-45M	-105.5M	-43.8M	-10M	-110M	-61.9M	171M	65.1M	69.4M	1.3M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-1.01	-2.39	-0.99	-0.22	-2.46	-1.38	3.18	1.30	1.47	0.03
EPS Growth %	-2.01%	-1.37%	0.59%	0.78%	-10.18%	0.44%	3.3%	-0.59%	0.13%	-0.98%
EPS (Basic)	-1.01	-2.39	-0.99	-0.22	-2.46	-1.38	3.73	1.42	1.58	0.03
Diluted Shares Outstanding	44.5M	44.2M	44.4M	44.6M	44.8M	45M	55M	51.5M	47.8M	44.3M
Basic Shares Outstanding	44.5M	44.2M	44.4M	44.6M	44.8M	45M	45.9M	45.8M	43.8M	43.2M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	317.8M	290.4M	410.2M	569.1M	401.7M	357.6M	582.3M	556.6M	656.8M	587.3M
Cash & Short-Term Investments	42.4M	25.6M	24.5M	21.6M	27.1M	102.8M	259.6M	257.2M	280.6M	240.7M
Cash Only	42.4M	25.6M	24.5M	21.6M	27.1M	102.8M	259.6M	257.2M	280.6M	240.7M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	80.9M	91.6M	149.8M	163.4M	77.5M	63.3M	100.5M	79.4M	113.2M	90.8M
Days Sales Outstanding	26.69	38.45	41.14	37.03	23.4	27.81	28.59	21.79	30.33	30.57
Inventory	173.9M	164.2M	224M	374.5M	281.9M	178.4M	210.9M	192.4M	228M	219.8M
Days Inventory Outstanding	58.15	71.21	64.82	92.11	86.74	79.89	72.42	58.37	70.77	81.34
Other Current Assets	20.6M	9M	11.9M	9.6M	15.2M	13.1M	11.3M	27.6M	35M	36M
Total Non-Current Assets+	824.7M	779.5M	746.4M	820M	683.5M	636.4M	576.6M	525.4M	518.5M	529.4M
Property, Plant & Equipment	769.3M	741.9M	706.7M	674.4M	640.7M	590.8M	524.7M	498.6M	503.9M	519M
Fixed Asset Turnover	1.44x	1.17x	1.88x	2.39x	1.89x	1.41x	2.45x	2.67x	2.70x	2.09x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	30.6M	25M	19.9M	17.8M	14.3M	9.3M	6.7M	5M	2.7M	3.4M
Long-Term Investments	0	0	0	0	0	-119.6M	0	0	300K	0
Other Non-Current Assets	24.8M	12.3M	19.4M	14M	28.5M	36.3M	45.2M	21.8M	11.6M	7M
Total Assets+	1.14B	1.07B	1.16B	1.39B	1.09B	994M	1.16B	1.08B	1.18B	1.12B
Asset Turnover	0.97x	0.81x	1.15x	1.16x	1.11x	0.84x	1.11x	1.23x	1.16x	0.97x
Asset Growth %	-0.16%	-0.06%	0.08%	0.2%	-0.22%	-0.08%	0.17%	-0.07%	0.09%	-0.05%
Total Current Liabilities+	104.2M	130.7M	206.8M	220.8M	112.3M	181M	250.8M	186.7M	248.4M	281.5M
Accounts Payable	49.5M	87M	135.3M	160.6M	69.3M	89.5M	141.9M	113.2M	133.3M	119.2M
Days Payables Outstanding	16.55	37.73	39.15	39.5	21.32	40.08	48.73	34.34	41.38	44.11
Short-Term Debt	0	0	0	0	0	38.9M	44.9M	20.4M	13.2M	5.4M
Deferred Revenue (Current)	0	0	0	0	0	1000K	0	0	0	0
Other Current Liabilities	33.3M	20.4M	39.1M	23.4M	22.9M	-16M	20.4M	25.9M	26.6M	152.1M
Current Ratio	3.05x	2.22x	1.98x	2.58x	3.58x	1.98x	2.32x	2.98x	2.64x	2.09x
Quick Ratio	1.38x	0.97x	0.90x	0.88x	1.07x	0.99x	1.48x	1.95x	1.73x	1.31x
Cash Conversion Cycle	68.29	71.93	66.8	89.64	88.82	67.62	52.29	45.82	59.72	67.8
Total Non-Current Liabilities+	356.3M	341.8M	389.1M	555.4M	409.8M	305.5M	243.5M	208.8M	195.3M	144.7M
Long-Term Debt	200.2M	136.6M	165.3M	189.1M	168.6M	39.3M	0	0	0	0
Capital Lease Obligations	0	0	0	0	8.2M	13.5M	8.8M	6.5M	6.4M	6.9M
Deferred Tax Liabilities	0	173.3M	300K	114.6M	900K	1M	2.2M	25.9M	15M	14.3M
Other Non-Current Liabilities	156.1M	205.2M	223.5M	251.7M	232.1M	251.7M	232.5M	176.4M	173.9M	123.5M
Total Liabilities	460.5M	472.5M	595.9M	776.2M	522.1M	486.5M	494.3M	395.5M	443.7M	426.2M
Total Debt+	200.2M	136.6M	165.3M	189.1M	183M	99.2M	59.4M	32.9M	24.6M	17.1M
Net Debt	157.8M	111M	140.8M	167.5M	155.9M	-3.6M	-200.2M	-224.3M	-256M	-223.6M
Debt / Equity	0.29x	0.23x	0.29x	0.31x	0.32x	0.20x	0.09x	0.05x	0.03x	0.02x
Debt / EBITDA	-	10.84x	3.17x	1.86x	-	6.36x	0.29x	0.30x	0.15x	0.27x
Net Debt / EBITDA	-	8.81x	2.70x	1.65x	-	-0.23x	-0.96x	-2.02x	-1.61x	-3.49x
Interest Coverage	-27.32x	-7.33x	-1.53x	1.66x	-5.88x	-4.05x	23.44x	13.56x	37.74x	4.00x
Total Equity+	682M	597.4M	560.7M	612.9M	563.1M	507.5M	664.6M	686.5M	731.6M	690.5M
Equity Growth %	-0.09%	-0.12%	-0.06%	0.09%	-0.08%	-0.1%	0.31%	0.03%	0.07%	-0.06%
Book Value per Share	15.33	13.52	12.63	13.74	12.57	11.28	12.08	13.33	15.31	15.59
Total Shareholders' Equity	682M	597.4M	560.7M	612.9M	563.1M	507.5M	664.6M	686.5M	731.6M	690.5M
Common Stock	0	0	0	0	0	0	0	0	0	0
Retained Earnings	-92.6M	-193.9M	-238M	-191.5M	-301.5M	-363.4M	-188.2M	-123.1M	-53.7M	-52.4M
Treasury Stock	-46.3M	-44.9M	-37.4M	-33M	-24.9M	-12.9M	0	-52.1M	-71.3M	-108.7M
Accumulated OCI	-7.9M	-9.4M	-7.6M	-8.9M	44.7M	40.4M	20.7M	14.7M	12.4M	7.7M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	107.1M	74.4M	8.1M	18.5M	70.3M	173.5M	196.9M	134.5M	125.3M	40.3M
Operating CF Margin %	0.1%	0.09%	0.01%	0.01%	0.06%	0.21%	0.15%	0.1%	0.09%	0.04%
Operating CF Growth %	0.14%	-0.31%	-0.89%	1.28%	2.8%	1.47%	0.13%	-0.32%	-0.07%	-0.68%
Net Income	-45M	-105.5M	-43.8M	-10M	-84.6M	-61.9M	171M	65.1M	69.4M	1.3M
Depreciation & Amortization	73.4M	74.9M	74.9M	73M	70.7M	70M	63.1M	58.3M	56.9M	54.1M
Stock-Based Compensation	7M	6.7M	6.5M	7.3M	7.4M	6.6M	7.3M	8.8M	11.5M	14M
Deferred Taxes	0	-36.8M	-300K	800K	-16.6M	0	1.2M	24.9M	-9.7M	500K
Other Non-Cash Items	-125.2M	215.9M	254.6M	267.7M	29.6M	8.3M	-31.6M	-200K	53.7M	-20.6M
Working Capital Changes	196.9M	39.2M	-55.2M	-83.3M	63.8M	150.5M	-14.1M	-22.4M	-56.5M	-9M
Change in Receivables	86.2M	-10.7M	-58.2M	-13.6M	85.9M	14.2M	-37.2M	21.3M	-33.4M	21.7M
Change in Inventory	122.7M	9.7M	-59.8M	-94.5M	92.6M	103.5M	-41.6M	18.8M	-34.9M	7.3M
Change in Payables	0	37.5M	45.7M	24.4M	-87.7M	23.1M	53.5M	-33.2M	15.3M	-19.2M
Cash from Investing+	-77.8M	-42.7M	-33M	-39M	-38M	-6M	-4.8M	-21.7M	-49.9M	-10.8M
Capital Expenditures	-78.2M	-42.7M	-33M	-40M	-38M	-16.9M	-12.2M	-27.1M	-51.6M	-64.3M
CapEx % of Revenue	0.07%	0.05%	0.02%	0.02%	0.03%	0.02%	0.01%	0.02%	0.04%	0.06%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	400K	0	0	1M	0	10.9M	1.2M	0	1.7M	53.5M
Cash from Financing+	-21.4M	-48.5M	23.8M	17.6M	-26.8M	-91.8M	-35.3M	-114.6M	-51.9M	-68.9M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-18.7M	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-400K	-4.8M	200K	200K	200K	-1.2M	4.1M	7M	2.8M	1.4M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	28.9M	31.7M	-24.9M	-21.5M	32.3M	156.6M	184.7M	107.4M	73.7M	-24M
FCF Margin %	0.03%	0.04%	-0.02%	-0.01%	0.03%	0.19%	0.14%	0.08%	0.05%	-0.02%
FCF Growth %	1.81%	0.1%	-1.79%	0.14%	2.5%	3.85%	0.18%	-0.42%	-0.31%	-1.33%
FCF per Share	0.65	0.72	-0.56	-0.48	0.72	3.48	3.36	2.09	1.54	-0.54
FCF Conversion (FCF/Net Income)	-2.38x	-0.71x	-0.18x	-1.85x	-0.64x	-2.80x	1.15x	2.07x	1.81x	31.00x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-6.29%	-16.49%	-7.56%	-1.7%	-18.71%	-11.56%	29.18%	9.64%	9.79%	0.18%
Return on Invested Capital (ROIC)	-8.02%	-6.04%	-2.42%	2.87%	-9.23%	-6.26%	22.51%	8.56%	16.3%	1.59%
Gross Margin	1.33%	3.21%	5.1%	7.86%	1.87%	1.88%	17.15%	9.53%	13.69%	9.01%
Net Margin	-4.07%	-12.13%	-3.3%	-0.62%	-9.1%	-7.45%	13.33%	4.9%	5.09%	0.12%
Debt / Equity	0.29x	0.23x	0.29x	0.31x	0.32x	0.20x	0.09x	0.05x	0.03x	0.02x
Interest Coverage	-27.32x	-7.33x	-1.53x	1.66x	-5.88x	-4.05x	23.44x	13.56x	37.74x	4.00x
FCF Conversion	-2.38x	-0.71x	-0.18x	-1.85x	-0.64x	-2.80x	1.15x	2.07x	1.81x	31.00x
Revenue Growth	-33.93%	-21.4%	52.87%	21.17%	-24.95%	-31.28%	54.44%	3.66%	2.44%	-20.43%

Revenue by Segment

	2018	2022	2024
Special Bar Quality Bars	1.03B	887.4M	641.8M
Special Bar Quality Bars Growth	-	-13.90%	-27.68%
Manufactured Components	-	243.3M	284.1M
Manufactured Components Growth	-	-	16.77%
Seamless Mechanical Tubing	254.7M	173.7M	139.1M
Seamless Mechanical Tubing Growth	-	-31.80%	-19.92%
Other Products	40.9M	25.5M	19M
Other Products Growth	-	-37.65%	-25.49%
Value-Add Solutions	284.3M	-	-
Value-Add Solutions Growth	-	-	-

Revenue by Geography

	2018	2022	2024
United States	-	-	951M
United States Growth	-	-	-
Non-US	154.4M	128.6M	133M
Non-US Growth	-	-16.71%	3.42%
UNITED STATES	1.46B	1.2B	-
UNITED STATES Growth	-	-17.50%	-

Frequently Asked Questions

Growth & Financials

Metallus Inc. (MTUS) reported $1.13B in revenue for fiscal year 2024. This represents a 18% decrease from $1.38B in 2013.

Metallus Inc. (MTUS) saw revenue decline by 20.4% over the past year.

Metallus Inc. (MTUS) reported a net loss of $8.3M for fiscal year 2024.

Dividend & Returns

Metallus Inc. (MTUS) has a return on equity (ROE) of 0.2%. This is below average, suggesting room for improvement.

Metallus Inc. (MTUS) had negative free cash flow of $57.1M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

...