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Side-by-side financial comparison of Bitcoin Depot Inc. (BTM) and Metallus Inc. (MTUS). Click either name above to swap in a different company.
Metallus Inc. is the larger business by last-quarter revenue ($267.3M vs $162.5M, roughly 1.6× Bitcoin Depot Inc.). Bitcoin Depot Inc. runs the higher net margin — 3.4% vs -5.3%, a 8.8% gap on every dollar of revenue. On growth, Bitcoin Depot Inc. posted the faster year-over-year revenue change (20.1% vs 11.1%). Bitcoin Depot Inc. produced more free cash flow last quarter ($2.5M vs $-37.2M). Over the past eight quarters, Bitcoin Depot Inc.'s revenue compounded faster (-4.9% CAGR vs -8.8%).
Bitcoin Depot Inc. is one of the largest cryptocurrency ATM operators across North America. It provides retail consumers with accessible in-person kiosks to buy and sell Bitcoin and other leading digital assets, alongside online crypto purchase services via bank transfer. Its self-service kiosks are located in high-traffic retail spaces including grocery stores, gas stations and convenience stores.
BTM vs MTUS — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $162.5M | $267.3M |
| Net Profit | $5.5M | $-14.3M |
| Gross Margin | — | 2.2% |
| Operating Margin | 7.3% | -7.7% |
| Net Margin | 3.4% | -5.3% |
| Revenue YoY | 20.1% | 11.1% |
| Net Profit YoY | 690.4% | 33.2% |
| EPS (diluted) | $0.08 | $-0.34 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $267.3M | ||
| Q3 25 | $162.5M | $305.9M | ||
| Q2 25 | $172.1M | $304.6M | ||
| Q1 25 | $164.2M | $280.5M | ||
| Q4 24 | — | $240.5M | ||
| Q3 24 | $135.3M | $227.2M | ||
| Q2 24 | $163.1M | $294.7M | ||
| Q1 24 | $138.5M | $321.6M |
| Q4 25 | — | $-14.3M | ||
| Q3 25 | $5.5M | $8.1M | ||
| Q2 25 | $6.1M | $3.7M | ||
| Q1 25 | $4.2M | $1.3M | ||
| Q4 24 | — | $-21.4M | ||
| Q3 24 | $-939.0K | $-5.9M | ||
| Q2 24 | $-2.6M | $4.6M | ||
| Q1 24 | $-1.5M | $24.0M |
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 11.4% | ||
| Q2 25 | — | 10.6% | ||
| Q1 25 | — | 7.8% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | — | 5.3% | ||
| Q2 24 | — | 8.2% | ||
| Q1 24 | — | 15.7% |
| Q4 25 | — | -7.7% | ||
| Q3 25 | 7.3% | 3.6% | ||
| Q2 25 | 9.2% | 2.8% | ||
| Q1 25 | 10.8% | 1.0% | ||
| Q4 24 | — | -10.1% | ||
| Q3 24 | 4.1% | -3.1% | ||
| Q2 24 | 4.7% | 2.1% | ||
| Q1 24 | 0.5% | 9.3% |
| Q4 25 | — | -5.3% | ||
| Q3 25 | 3.4% | 2.6% | ||
| Q2 25 | 3.5% | 1.2% | ||
| Q1 25 | 2.6% | 0.5% | ||
| Q4 24 | — | -8.9% | ||
| Q3 24 | -0.7% | -2.6% | ||
| Q2 24 | -1.6% | 1.6% | ||
| Q1 24 | -1.1% | 7.5% |
| Q4 25 | — | $-0.34 | ||
| Q3 25 | $0.08 | $0.19 | ||
| Q2 25 | $0.16 | $0.09 | ||
| Q1 25 | $0.20 | $0.03 | ||
| Q4 24 | — | $-0.46 | ||
| Q3 24 | $-0.05 | $-0.13 | ||
| Q2 24 | $-0.13 | $0.10 | ||
| Q1 24 | $-0.25 | $0.52 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $59.3M | $156.7M |
| Total DebtLower is stronger | $67.5M | — |
| Stockholders' EquityBook value | $21.0M | $686.0M |
| Total Assets | $125.3M | $1.1B |
| Debt / EquityLower = less leverage | 3.21× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $156.7M | ||
| Q3 25 | $59.3M | $191.5M | ||
| Q2 25 | $48.0M | $190.8M | ||
| Q1 25 | $35.0M | $180.3M | ||
| Q4 24 | — | $240.7M | ||
| Q3 24 | $32.2M | $254.6M | ||
| Q2 24 | $43.9M | $272.8M | ||
| Q1 24 | $42.2M | $278.1M |
| Q4 25 | — | — | ||
| Q3 25 | $67.5M | $0 | ||
| Q2 25 | $66.5M | $0 | ||
| Q1 25 | $56.2M | $5.4M | ||
| Q4 24 | — | $5.4M | ||
| Q3 24 | $44.5M | $13.2M | ||
| Q2 24 | $41.2M | $13.2M | ||
| Q1 24 | $37.6M | $13.2M |
| Q4 25 | — | $686.0M | ||
| Q3 25 | $21.0M | $697.7M | ||
| Q2 25 | $4.7M | $690.0M | ||
| Q1 25 | $-4.6M | $686.1M | ||
| Q4 24 | — | $690.5M | ||
| Q3 24 | $-7.9M | $712.7M | ||
| Q2 24 | $4.4M | $736.3M | ||
| Q1 24 | $5.0M | $739.3M |
| Q4 25 | — | $1.1B | ||
| Q3 25 | $125.3M | $1.2B | ||
| Q2 25 | $109.1M | $1.1B | ||
| Q1 25 | $89.7M | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $87.4M | $1.1B | ||
| Q2 24 | $97.5M | $1.1B | ||
| Q1 24 | $90.1M | $1.2B |
| Q4 25 | — | — | ||
| Q3 25 | 3.21× | 0.00× | ||
| Q2 25 | 14.18× | 0.00× | ||
| Q1 25 | — | 0.01× | ||
| Q4 24 | — | 0.01× | ||
| Q3 24 | — | 0.02× | ||
| Q2 24 | 9.27× | 0.02× | ||
| Q1 24 | 7.54× | 0.02× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $6.6M | $-1.9M |
| Free Cash FlowOCF − Capex | $2.5M | $-37.2M |
| FCF MarginFCF / Revenue | 1.6% | -13.9% |
| Capex IntensityCapex / Revenue | 2.5% | 13.2% |
| Cash ConversionOCF / Net Profit | 1.20× | — |
| TTM Free Cash FlowTrailing 4 quarters | $27.1M | $-93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-1.9M | ||
| Q3 25 | $6.6M | $22.0M | ||
| Q2 25 | $10.2M | $34.8M | ||
| Q1 25 | $16.3M | $-38.9M | ||
| Q4 24 | — | $13.9M | ||
| Q3 24 | $5.8M | $-15.3M | ||
| Q2 24 | $10.1M | $8.3M | ||
| Q1 24 | $1.3M | $33.4M |
| Q4 25 | — | $-37.2M | ||
| Q3 25 | $2.5M | $-6.4M | ||
| Q2 25 | $9.8M | $17.0M | ||
| Q1 25 | $15.9M | $-66.4M | ||
| Q4 24 | — | $-1.3M | ||
| Q3 24 | $-1.0M | $-32.9M | ||
| Q2 24 | $7.6M | $-5.8M | ||
| Q1 24 | $789.0K | $16.0M |
| Q4 25 | — | -13.9% | ||
| Q3 25 | 1.6% | -2.1% | ||
| Q2 25 | 5.7% | 5.6% | ||
| Q1 25 | 9.7% | -23.7% | ||
| Q4 24 | — | -0.5% | ||
| Q3 24 | -0.8% | -14.5% | ||
| Q2 24 | 4.7% | -2.0% | ||
| Q1 24 | 0.6% | 5.0% |
| Q4 25 | — | 13.2% | ||
| Q3 25 | 2.5% | 9.3% | ||
| Q2 25 | 0.2% | 5.8% | ||
| Q1 25 | 0.2% | 9.8% | ||
| Q4 24 | — | 6.3% | ||
| Q3 24 | 5.0% | 7.7% | ||
| Q2 24 | 1.5% | 4.8% | ||
| Q1 24 | 0.4% | 5.4% |
| Q4 25 | — | — | ||
| Q3 25 | 1.20× | 2.72× | ||
| Q2 25 | 1.67× | 9.41× | ||
| Q1 25 | 3.88× | -29.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.80× | ||
| Q1 24 | — | 1.39× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BTM
Segment breakdown not available.
MTUS
| Industrial Market Sector | $95.3M | 36% |
| Manufactured Components | $67.8M | 25% |
| Aerospace And Defense | $39.6M | 15% |
| Seamless Mechanical Tubing | $31.3M | 12% |
| Energy Market Sector | $18.3M | 7% |
| Other | $11.3M | 4% |
| Other Market Sector | $3.7M | 1% |
