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Metallus Inc. manufactures and sells alloy steel, and carbon and micro-alloy steel products in the United States and internationally. It provides 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. The company also offers customized 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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.2B | $60M | $-1M | $-93M | -0.2% | 6.9% | -192.3% |
| 2024 | $1.1B | $61M | $1M | $-24M | 0.2% | -20.4% | -98.1% |
| 2023 | $1.4B | $156M | $69M | $74M | 9.5% | 2.4% | 6.6% |
| 2022 | $1.3B | $159M | $65M | $107M | 9.5% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,329.90 | 1,362.40 | 1,084 | 1,158.30 |
| Operating Revenue | - | 1,329.90 | 1,362.40 | 1,084 | 1,158.30 |
| Cost Of Revenue | - | 1,203.20 | 1,175.90 | 986.30 | 1,063.20 |
| Gross Profit | - | 126.70 | 186.50 | 97.70 | 95.10 |
| Operating Expense | - | 73.80 | 83.20 | 87.70 | 92.90 |
| Selling General And Administration | - | 73.80 | 84.60 | 87.70 | 94 |
| Total Expenses | - | 1,277 | 1,259.10 | 1,074 | 1,156.10 |
| Operating Income | - | 52.90 | 103.30 | 10 | 2.20 |
| EBITDA | - | 159.30 | 156 | 61.20 | 60.30 |
| Normalized EBITDA | - | 170.40 | 133.60 | 71.60 | 65.10 |
| EBIT | - | 101 | 99.10 | 7.10 | 3.70 |
| Interest Income | - | 3.30 | 9.80 | 12.10 | 6.70 |
| Interest Expense | - | 3.90 | 2.70 | 2.50 | 1.80 |
| Net Interest Income | - | -0.60 | 7.10 | 9.60 | 4.90 |
| Other Non Operating Income Expenses | - | 55.90 | -36.40 | -4.60 | -0.40 |
| Other Income Expense | - | 44.80 | -14 | -15 | -5.20 |
| Interest Income Non Operating | - | 3.30 | 9.80 | 12.10 | 6.70 |
| Interest Expense Non Operating | - | 3.90 | 2.70 | 2.50 | 1.80 |
| Net Non Operating Interest Income Expense | - | -0.60 | 7.10 | 9.60 | 4.90 |
| Pretax Income | - | 97.10 | 96.40 | 4.60 | 1.90 |
| Tax Provision | - | 32 | 27 | 3.30 | 3.10 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -3.65 | 6.27 | -2.18 | -1.01 |
| Net Income Continuous Operations | - | 65.10 | 69.40 | 1.30 | -1.20 |
| Net Income From Continuing And Discontinued Operation | - | 65.10 | 69.40 | 1.30 | -1.20 |
| Net Income From Continuing Operation Net Minority Interest | - | 65.10 | 69.40 | 1.30 | -1.20 |
| Net Income | - | 65.10 | 69.40 | 1.30 | -1.20 |
| Net Income Common Stockholders | - | 65.10 | 69.40 | 1.30 | -1.20 |
| Net Income Including Noncontrolling Interests | - | 65.10 | 69.40 | 1.30 | -1.20 |
| Normalized Income | - | 72.55 | 53.27 | 9.52 | 2.59 |
| Diluted NI Availto Com Stockholders | - | 67 | 70.40 | 1.30 | -1.20 |
| Basic Average Shares | - | 45.80 | 43.80 | 43.20 | 41.90 |
| Diluted Average Shares | - | 51.50 | 47.80 | 44.30 | 41.90 |
| Reconciled Depreciation | - | 58.30 | 56.90 | 54.10 | 56.60 |
| Reconciled Cost Of Revenue | - | 1,203.20 | 1,175.90 | 986.30 | 1,063.20 |
| Total Unusual Items | - | -11.10 | 22.40 | -10.40 | -4.80 |
| Total Unusual Items Excluding Goodwill | - | -11.10 | 22.40 | -10.40 | -4.80 |
| Special Income Charges | - | -11.30 | 22.40 | -10 | -5 |
| Gain On Sale Of Business | -1.10 | 0 | 0 | - | - |
| Other Special Charges | - | 8.60 | -19.90 | 9.40 | 3.60 |
| Impairment Of Capital Assets | 10.60 | 0 | 0 | - | - |
| Restructuring And Mergern Acquisition | - | 0.80 | 0 | 0 | 2.70 |
| Gain On Sale Of Security | -0.10 | 0.20 | - | -0.40 | 0.20 |
| Gain On Sale Of Ppe | - | -1.90 | 2.50 | -0.60 | 1.30 |
| Other Operating Expenses | -30.90 | -25.50 | -21.80 | - | - |
| Average Dilution Earnings | - | 1.90 | 1 | 0 | 0 |
| Other Taxes | - | 0 | -1.40 | 0 | -1.10 |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Metallus Inc.this co. | MTUS | $838M | -698.65 | 1.22 | -0.2% | 11.55 |
| ASP Isotopes Inc. | ASPI | $1.0B | - | 4.92 | -85.8% | - |
| LSB Industries, Inc. | LXU | $927M | 37.67 | 1.78 | 4.7% | 9.63 |
| NioCorp Developments Ltd. | NB | $858M | -49.27 | 30.28 | -61.5% | -46.40 |
| Koppers Holdings Inc. | KOP | $811M | 14.48 | 1.41 |
| - |
| - |
| - |
| - |
| 9.8% |
| 8.13 |
| SunCoke Energy, Inc. | SXC | $801M | -18.12 | 1.34 | -7.4% | 12.88 |
| Kronos Worldwide, Inc. | KRO | $789M | -7.12 | 1.05 | -14.8% | 65.36 |
| Ferroglobe PLC | GSM | $766M | -4.49 | 1.29 | -28.7% | -12.41 |
| Dakota Gold Corp. | DC | $754M | -25.53 | 6.70 | -26.3% | -24.64 |
| Peer Median | - | -7.12 | 1.60 | -20.5% | 8.13 | |