Metallus Inc. (MTUS) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
Forensic Analysis · Materials / Mining & Chemicals · as of Aug 11, 2026
Metallus Inc. (MTUS)
A forensic read on Metallus Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Safe
Financial health
3.3
Distress distance
Clean
Earnings quality
3
Forensic signals
306.3
P / E (ttm)
-0.2%
ROE
$908M
Market cap
6.9%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Metallus Inc. earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads 3.3, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
0.2%
FY2025
Return on invested capital.Return on invested capital is 0.2% in the latest fiscal year and slipping from 10% — well below its ~8% cost of capital, so reinvested dollars may be destroying value, not building it.
FCF ($93M)
FY2025
Shareholder returns.Returned $13M to shareholders (buybacks + dividends) in FY2025, but free cash flow was ($93M) after capex — there was no free cash flow to fund the payout from at all, though operating cash flow alone was $16M — 82% of that. The entire return is coming from debt or cash reserves, not cash the business itself generated — a harder case than returns merely running ahead of free cash flow, since here there was none to run ahead of.
+15.1%
FY2024→FY2025
Accruals ratio (% of NOA).Net operating assets grew +15.1% relative to their own average in FY2025 — scaled by NOA itself, not total assets (see the Forensic Screens card's differently-scaled Sloan Accrual Ratio for that read). Accruals are building faster than is comfortable — part of profit is sitting in the balance sheet rather than turning to cash. The build is led by receivables up +39% against revenue +7% and PP&E up +11% against revenue +7%. The cash-flow cross-check is more mixed: reported earnings ran in line with operating cash by 3% of net operating assets, diverging from the balance-sheet accrual read.
Key fundamentals
Latest Revenue$1.16B
Revenue Growth YoY+6.9%
Net Margin-0.1%
Free Cash Flow-$93.0M
Return on Equity-0.2%
Debt / Equity0.01x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Metallus Inc.'s actual 10-K/10-Q/8-K filings?