MTUS
Metallus Inc.
MTUS's fundamentals are mixed, but it looks expensive: trading at 32x earnings, about twice its usual 15x. Analysts expect strong earnings growth, though they disagree widely on how much.
MTUS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Weak | |
| Healthy |
MTUS's revenue, profitability and balance sheet are currently healthy, but its cash flow is weak.
MTUS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.6x | $3.62 | -79% |
| Fair | 15x | $8.22 | -53% |
| Forward | 16x | $17.38 | — |
| Current | 32x | $17.38 | — |
| Expensive | 111x | $61.28 | +253% |
Historical ranges are pointers, not guarantees.
MTUS's PE is in its expensive range at 32x. If earnings grow as analysts expect, today's price would be 16x next year's earnings, in its fair range.
MTUS Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for MTUS, with profitability improving. However, they disagree widely on these estimates.
MTUS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.08 | +95% |
| Q3 2026 | $0.55 | +$0.70 |
| Q2 2026 | $0.19 | +$0.66 |
| Q1 2026 | $0.07 | +$0.53 |
| Q4 2025 | -$0.03 | -200% |
| Q3 2025 | -$0.15 | -128% |
| Q2 2025 | -$0.47 | -140% |
| Q1 2025 | -$0.46 | -127% |
| Q4 2024 | $0.03 | -98% |
MTUS has returned to profit: it earned $0.55 per share over the past year, after losing money the year before.
MTUS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $337.2M | +10% |
| Q2 2026 | $341M | +12% |
| Q1 2026 | $308.3M | +9.9% |
| Q4 2025 | $267.3M | +11% |
| Q3 2025 | $305.9M | +35% |
| Q2 2025 | $304.6M | +3.4% |
| Q1 2025 | $280.5M | -13% |
| Q4 2024 | $240.5M | -27% |
MTUS's revenue is recovering but still below its 2022 peak: $337M last quarter, up 10% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 9.6% | +6 points |
| Q2 2026 | 3.5% | +0.7 points |
| Q1 2026 | 2.6% | +1.6 points |
| Q4 2025 | -7.7% | +2.5 points |
| Q3 2025 | 3.6% | +6.7 points |
| Q2 2025 | 2.8% | +0.8 points |
| Q1 2025 | 1% | -8.3 points |
| Q4 2024 | -10% | -11 points |
MTUS's operating margin was 9.6% last quarter, up 6 points from the same quarter a year ago.
MTUS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$6.3M | +$100K |
| Q2 2026 | -$2.4M | -114% |
| Q1 2026 | -$51.6M | +$14.8M |
| Q4 2025 | -$37.2M | -$35.9M |
| Q3 2025 | -$6.4M | +$26.5M |
| Q2 2025 | $17M | +$22.8M |
| Q1 2025 | -$66.4M | -515% |
| Q4 2024 | -$1.3M | -102% |
MTUS has burned cash in seven of the last eight quarters: −$98M over the past year, against −$57M the year before.
MTUS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | +0.2% | +100K shares |
| 3 years | -10% | -4.8M shares |
| 5 years | -20% | -10.8M shares |
| Available history | -3.8% | -1.7M shares |
MTUS has 43M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $3.6M |
| Q2 2026 | $3.6M |
| Q1 2026 | $4.3M |
| Q4 2025 | $1.2M |
| Q3 2025 | $3M |
| Q2 2025 | $3.3M |
| Q1 2025 | $5.6M |
| Q4 2024 | $3.5M |
MTUS spent $13M buying back its own shares over the past year, down 18% from the year before.
MTUS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.1x | Net Cash |
| Q2 2026 | -1.6x | Net Cash |
| Q1 2026 | -1.6x | Net Cash |
| Q4 2025 | -2.7x | Net Cash |
| Q3 2025 | -3.6x | Net Cash |
| Q2 2025 | -5.4x | Net Cash |
| Q1 2025 | -5.5x | Net Cash |
| Q4 2024 | -4.0x | Net Cash |
MTUS has more cash than debt.
MTUS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.5 | Neutral |
| Stochastic | 36.6 | Neutral |
MTUS's weekly RSI is 42 (neutral) and its Stochastic is 37 (neutral).
MTUS PE vs Basic Materials Sector
| Metric | MTUS | Sector median | Relative |
|---|---|---|---|
| PE | 32x | 19x | 70% above |
| PE % | 78 | 40 | 38 pts above |
MTUS is trading at 32x earnings, a 70% premium to the Basic Materials sector's median of 19x.
MTUS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $19.4 | 10% below |
| 20 week MA | $19.6 | 12% below |
| 50 week MA | $18.9 | 8% below |
| 100 week MA | $17.0 | 2.5% above |
| 200 week MA | $18.3 | 4.8% below |
MTUS's trend is mixed: it's above one of its five weekly moving averages, and 4.8% below its 200-week average.
MTUS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $7.44 | $4.82 | -35% |
| 2021 | $4.82 | $16.2 | +237% |
| 2022 | $16.2 | $18.4 | +13% |
| 2023 | $18.4 | $23.5 | +28% |
| 2024 | $23.5 | $14.1 | -40% |
| 2025 | $14.1 | $17.8 | +26% |
| 2026 YTD | $17.8 | $17.4 | -2.3% |
MTUS has finished higher in four of the last six years. It's down 2.3% so far in 2026.