Metallus Inc. (MTUS) Balance Sheet
MTUS balance sheet, 2025
December 31, 2025 · U.S. dollars$1.14B assets = $454.2M liabilities + $686.0M equity
Both columns are drawn to the same scale: what MTUS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
MTUS financial health
Descriptive bands, not a rating. Fiscal 2025.
MTUS balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.07B2016 | $1.14B2025 | +0.7%/yr | |
| Total liabilities | $472.5M2016 | $454.2M2025 | −0.4%/yr | |
| Shareholders’ equity | $597.4M2016 | $686.0M2025 | +1.5%/yr | |
| Cash & short-term investments | $25.6M2016 | $156.7M2025 | +22.3%/yr | |
| Total debt | $136.6M2016 | $14.9M2025 | −21.8%/yr | |
| Net cash (debt) | −$111.0M2016 | $141.8M2025 | +$252.8M | |
| Working capital | $161.3M2016 | $238.3M2025 | +$77.0M | |
| Book value per share | $13.512016 | $16.372025 | +2.2%/yr | |
| Current ratio | 2.232016 | 1.762025 | −0.48 | |
| Debt / equity | 0.232016 | 0.022025 | −0.21 | |
| Shares outstanding | 44.2M2016 | 41.9M2025 | −0.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MTUS assets
MTUS liabilities and equity
MTUS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
MTUS balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $156.7M | $240.7M | $280.6M | $257.2M | $259.6M | $102.8M | $27.1M | $21.6M | $24.5M | $25.6M |
| Cash & equivalents | $156.7M | $240.7M | $280.6M | $257.2M | $259.6M | $102.8M | $27.1M | $21.6M | $24.5M | $25.6M |
| Short-term investments | — | — | — | — | — | — | — | — | $0 | $0 |
| Receivables | $126.0M | $90.8M | $113.2M | $79.4M | $100.5M | $63.3M | $77.5M | $163.4M | $149.6M | $91.6M |
| Inventory | $243.2M | $219.8M | $228.0M | $192.4M | $210.9M | $178.4M | $281.9M | $374.5M | $224.3M | $164.2M |
| Other current assets | $27.3M | $36.0M | $35.0M | $27.6M | $11.3M | $13.1M | $15.2M | $9.6M | $11.8M | $10.6M |
| Total current assets | $553.2M | $587.3M | $656.8M | $556.6M | $582.3M | $357.6M | $401.7M | $569.1M | $410.2M | $292.0M |
| Property, plant & equipment (net) | $577.4M | $519.0M | $503.9M | $498.6M | $524.7M | $590.8M | $640.7M | $674.4M | $706.9M | $741.9M |
| Goodwill & intangible assets | $2.9M | $3.4M | $3.0M | $5.0M | $6.7M | $9.3M | $14.3M | $17.8M | $19.9M | $25.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $6.7M | $7.0M | $11.6M | $21.8M | $45.2M | $36.3M | $28.5M | $127.8M | $18.8M | $11.0M |
| Total assets | $1.14B | $1.12B | $1.18B | $1.08B | $1.16B | $994.0M | $1.09B | $1.39B | $1.16B | $1.07B |
| Liabilities | ||||||||||
| Accounts payable | $151.1M | $119.2M | $133.3M | $113.2M | $141.9M | $89.5M | $69.3M | $160.6M | $135.3M | $87.0M |
| Short-term debt | $4.8M | $10.2M | $18.2M | $26.4M | $50.6M | $46.4M | $6.2M | — | $165.3M | $136.6M |
| Deferred revenue | — | — | $70.3M | $23.2M | $42.2M | $31.7M | $16.9M | — | — | — |
| Total current liabilities | $314.9M | $281.5M | $248.4M | $186.7M | $250.8M | $181.0M | $112.3M | $220.8M | $206.9M | $130.7M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $39.3M | $168.6M | $189.1M | $165.3M | $136.6M |
| Lease obligations | $14.9M | $11.7M | $11.4M | $12.5M | $14.5M | $21.0M | $14.4M | — | — | — |
| Other long-term liabilities | $139.3M | $144.7M | $195.3M | $208.8M | $243.5M | $266.2M | $241.2M | $366.3M | $223.4M | $205.2M |
| Total liabilities | $454.2M | $426.2M | $443.7M | $395.5M | $494.3M | $486.5M | $522.1M | $776.2M | $595.6M | $472.5M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | — | — | — | — | — | — | — | — | $843.7M | $845.6M |
| Retained earnings (deficit) | −$53.6M | −$52.4M | −$53.7M | −$123.1M | −$188.2M | −$363.4M | −$301.5M | −$191.5M | −$238.5M | −$193.9M |
| Treasury stock | — | — | — | −$52.1M | — | −$12.9M | −$24.9M | −$33.0M | −$37.4M | −$44.9M |
| Accumulated other comprehensive income | $5.4M | $7.7M | $12.4M | $14.7M | $20.7M | $40.4M | $44.7M | −$8.9M | −$7.6M | −$9.4M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $686.0M | $690.5M | $731.6M | $686.5M | $664.6M | $507.5M | $563.1M | $612.9M | $560.2M | $597.4M |
| Key figures | ||||||||||
| Total debt | $14.9M | $17.1M | $24.6M | $32.9M | $59.4M | $99.2M | $183.0M | $189.1M | $165.3M | $136.6M |
| Net cash (debt) | $141.8M | $223.6M | $256.0M | $224.3M | $200.2M | $3.6M | −$155.9M | −$167.5M | −$140.8M | −$111.0M |
| Working capital | $238.3M | $305.8M | $408.4M | $369.9M | $331.5M | $176.6M | $289.4M | $348.3M | $203.3M | $161.3M |
| Tangible book value | $683.1M | $687.1M | $728.6M | $681.5M | $657.9M | $498.2M | $548.8M | $595.1M | $540.3M | $572.4M |
| Book value per share | $16.37 | $15.59 | $15.31 | $13.33 | $12.08 | $11.28 | $12.57 | $13.74 | $12.62 | $13.51 |
| Shares outstanding | 41.9M | 44.3M | 47.8M | 51.5M | 55.0M | 45.0M | 44.8M | 44.6M | 44.4M | 44.2M |
| Current ratio | 1.76 | 2.09 | 2.64 | 2.98 | 2.32 | 1.98 | 3.58 | 2.58 | 1.98 | 2.23 |
| Quick ratio | 0.90 | 1.18 | 1.59 | 1.80 | 1.44 | 0.92 | 0.93 | 0.84 | 0.84 | 0.90 |
| Debt / equity | 0.02 | 0.02 | 0.03 | 0.05 | 0.09 | 0.20 | 0.32 | 0.31 | 0.30 | 0.23 |
| Equity / assets | 60.2% | 61.8% | 62.2% | 63.4% | 57.3% | 51.1% | 51.9% | 44.1% | 48.5% | 55.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $108.6M | $104.0M | $156.7M | $191.5M | $190.8M | $180.3M | $240.7M | $254.6M | $273.4M | $278.6M | $280.6M | $225.4M |
| Cash & equivalents | $108.6M | $104.0M | $156.7M | $191.5M | $190.8M | $180.3M | $240.7M | $254.6M | $273.4M | $278.6M | $280.6M | $225.4M |
| Receivables | $152.9M | $147.4M | $126.0M | $129.3M | $129.6M | $125.7M | $90.8M | $105.1M | $107.0M | $120.0M | $113.2M | $135.8M |
| Inventory | $275.9M | $279.6M | $243.2M | $237.5M | $223.4M | $230.6M | $219.8M | $218.0M | $203.9M | $237.5M | $228.0M | $255.4M |
| Other current assets | $14.0M | $21.1M | $27.3M | $21.3M | $16.7M | $31.8M | $36.0M | $24.3M | $22.5M | $11.6M | $35.0M | $13.9M |
| Total current assets | $551.4M | $552.1M | $553.2M | $579.6M | $560.5M | $568.4M | $587.3M | $602.0M | $606.8M | $647.7M | $656.8M | $630.5M |
| Property, plant & equipment (net) | $579.9M | $574.9M | $577.4M | $558.8M | $539.1M | $520.8M | $519.0M | $507.9M | $501.3M | $502.5M | $503.9M | $498.8M |
| Goodwill & intangible assets | $2.6M | $2.8M | $2.9M | $3.1M | $3.2M | $3.3M | $3.4M | $4.0M | $4.1M | $2.6M | $2.7M | $3.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $9.4M | $8.4M | $6.7M | $8.9M | $9.2M | $9.0M | $7.0M | $19.5M | $8.2M | $13.0M | $11.9M | $21.5M |
| Total assets | $1.14B | $1.14B | $1.14B | $1.15B | $1.11B | $1.10B | $1.12B | $1.13B | $1.12B | $1.17B | $1.18B | $1.15B |
| Liabilities | ||||||||||||
| Accounts payable | $159.8M | $175.3M | $151.1M | $155.2M | $143.7M | $143.3M | $119.2M | $113.3M | $114.2M | $145.4M | $133.3M | $148.5M |
| Short-term debt | $4.9M | $4.5M | $4.8M | $5.1M | $5.1M | $9.5M | $10.2M | $18.3M | $17.9M | $17.6M | $18.2M | $18.5M |
| Deferred revenue | — | — | — | — | — | — | — | — | $400,000 | $700,000 | $70.3M | $22.6M |
| Total current liabilities | $314.7M | $319.0M | $314.9M | $305.4M | $276.2M | $280.1M | $281.5M | $228.2M | $195.3M | $239.1M | $248.4M | $207.0M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $14.7M | $13.2M | $14.9M | $15.7M | $16.0M | $10.2M | $11.7M | $11.6M | $10.1M | $10.1M | $11.4M | $11.3M |
| Other long-term liabilities | $136.3M | $136.2M | $139.3M | $147.3M | $145.8M | $135.3M | $144.7M | $192.5M | $188.8M | $187.4M | $195.3M | $216.5M |
| Total liabilities | $451.0M | $455.2M | $454.2M | $452.7M | $422.0M | $415.4M | $426.2M | $420.7M | $384.1M | $426.5M | $443.7M | $423.5M |
| Shareholders' equity | ||||||||||||
| Retained earnings (deficit) | −$39.3M | −$48.2M | −$53.6M | −$39.3M | −$47.4M | −$51.1M | −$52.4M | −$31.0M | −$25.1M | −$29.7M | −$53.7M | −$55.0M |
| Accumulated other comprehensive income | $1.4M | $700,000 | $5.4M | $5.4M | $6.6M | $6.8M | $7.7M | $8.4M | $9.6M | $11.3M | $12.4M | $11.7M |
| Total shareholders' equity | $692.3M | $683.0M | $686.0M | $697.7M | $690.0M | $686.1M | $690.5M | $712.7M | $736.3M | $739.3M | $731.6M | $730.3M |
| Key figures | ||||||||||||
| Total debt | $14.7M | $13.2M | $14.9M | $15.7M | $16.0M | $15.6M | $17.1M | $24.8M | $23.3M | $23.3M | $24.6M | $24.4M |
| Net cash (debt) | $93.9M | $90.8M | $141.8M | $175.8M | $174.8M | $164.7M | $223.6M | $229.8M | $250.1M | $255.3M | $256.0M | $201.0M |
| Working capital | $236.7M | $233.1M | $238.3M | $274.2M | $284.3M | $288.3M | $305.8M | $373.8M | $411.5M | $408.6M | $408.4M | $423.5M |
| Tangible book value | $689.7M | $680.2M | $683.1M | $694.6M | $686.8M | $682.8M | $687.1M | $708.7M | $732.2M | $736.7M | $728.9M | $727.3M |
| Book value per share | $16.06 | $15.81 | $16.45 | $16.11 | $15.94 | $15.49 | $16.29 | $16.54 | $15.80 | $15.80 | $15.53 | $15.25 |
| Shares outstanding | 43.1M | 43.2M | 41.7M | 43.3M | 43.3M | 44.3M | 42.4M | 43.1M | 46.6M | 46.8M | 47.1M | 47.9M |
| Current ratio | 1.75 | 1.73 | 1.76 | 1.90 | 2.03 | 2.03 | 2.09 | 2.64 | 3.11 | 2.71 | 2.64 | 3.05 |
| Quick ratio | 0.83 | 0.79 | 0.90 | 1.05 | 1.16 | 1.09 | 1.18 | 1.58 | 1.95 | 1.67 | 1.59 | 1.74 |
| Debt / equity | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
| Equity / assets | 60.6% | 60.0% | 60.2% | 60.6% | 62.1% | 62.3% | 61.8% | 62.9% | 65.7% | 63.4% | 62.2% | 63.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 20, 2026); data from EODHD.
MTUS financial position
At the end of fiscal 2025 (December 31, 2025), Metallus had total assets of $1.1 billion (up 2.1% from a year earlier), total liabilities of $454.2 million and shareholders' equity of $686.0 million. It held $156.7 million in cash and short-term investments against $14.9 million of debt, a net cash position of $141.8 million. Its current ratio was 1.76. In the latest quarter (ended June 30, 2026) total assets were $1.1 billion and equity $692.3 million.
Related: MTUS income statement, MTUS cash flow statement, MTUS key metrics. See the MTUS stock overview for the latest quote and news.
MTUS balance sheet FAQ
What are Metallus's total assets?
Metallus reported total assets of $1.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.1 billion a year earlier.
How much debt does Metallus have?
Metallus had $14.9 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.02.
How much cash does Metallus have?
Metallus held $156.7 million in cash and short-term investments at the end of fiscal 2025; with $14.9 million of debt that is net cash of $141.8 million.
What is Metallus's book value?
Metallus's shareholders' equity (book value) was $686.0 million at the end of fiscal 2025, or $16.37 per share.
What is Metallus's current ratio?
Metallus had current assets of $553.2 million and current liabilities of $314.9 million, a current ratio of 1.76 (it can cover its short-term obligations).
How much goodwill does Metallus have?
Metallus carried $2.9 million of goodwill and intangible assets, 0.3% of total assets, at the end of fiscal 2025.