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Side-by-side financial comparison of CLOVER HEALTH INVESTMENTS, CORP. (CLOV) and Metallus Inc. (MTUS). Click either name above to swap in a different company.
CLOVER HEALTH INVESTMENTS, CORP. is the larger business by last-quarter revenue ($487.7M vs $267.3M, roughly 1.8× Metallus Inc.). Metallus Inc. runs the higher net margin — -5.3% vs -10.1%, a 4.8% gap on every dollar of revenue. On growth, CLOVER HEALTH INVESTMENTS, CORP. posted the faster year-over-year revenue change (44.7% vs 11.1%). Metallus Inc. produced more free cash flow last quarter ($-37.2M vs $-69.0M). Over the past eight quarters, CLOVER HEALTH INVESTMENTS, CORP.'s revenue compounded faster (18.6% CAGR vs -8.8%).
Clover Health Investments, Corp. is an American health care company founded in 2014. The company provides Medicare Advantage (MA) insurance plans and operates as a direct contracting entity with the U.S. government. The company manages care for Medicare beneficiaries in 11 states and started trading publicly on January 8, 2021.
CLOV vs MTUS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $487.7M | $267.3M |
| Net Profit | $-49.3M | $-14.3M |
| Gross Margin | — | 2.2% |
| Operating Margin | -10.1% | -7.7% |
| Net Margin | -10.1% | -5.3% |
| Revenue YoY | 44.7% | 11.1% |
| Net Profit YoY | -123.2% | 33.2% |
| EPS (diluted) | — | $-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 | $487.7M | $267.3M | ||
| Q3 25 | $496.6M | $305.9M | ||
| Q2 25 | $477.6M | $304.6M | ||
| Q1 25 | $462.3M | $280.5M | ||
| Q4 24 | $337.0M | $240.5M | ||
| Q3 24 | $331.0M | $227.2M | ||
| Q2 24 | $356.3M | $294.7M | ||
| Q1 24 | $346.9M | $321.6M |
| Q4 25 | $-49.3M | $-14.3M | ||
| Q3 25 | $-24.4M | $8.1M | ||
| Q2 25 | $-10.6M | $3.7M | ||
| Q1 25 | $-1.3M | $1.3M | ||
| Q4 24 | $-22.1M | $-21.4M | ||
| Q3 24 | $-9.2M | $-5.9M | ||
| Q2 24 | $7.4M | $4.6M | ||
| Q1 24 | $-19.2M | $24.0M |
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 11.4% | ||
| Q2 25 | — | 10.6% | ||
| Q1 25 | — | 7.8% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | 24.5% | 5.3% | ||
| Q2 24 | 30.3% | 8.2% | ||
| Q1 24 | 23.6% | 15.7% |
| Q4 25 | -10.1% | -7.7% | ||
| Q3 25 | -4.9% | 3.6% | ||
| Q2 25 | -2.2% | 2.8% | ||
| Q1 25 | -0.3% | 1.0% | ||
| Q4 24 | -6.4% | -10.1% | ||
| Q3 24 | -2.7% | -3.1% | ||
| Q2 24 | 2.0% | 2.1% | ||
| Q1 24 | -6.5% | 9.3% |
| Q4 25 | -10.1% | -5.3% | ||
| Q3 25 | -4.9% | 2.6% | ||
| Q2 25 | -2.2% | 1.2% | ||
| Q1 25 | -0.3% | 0.5% | ||
| Q4 24 | -6.6% | -8.9% | ||
| Q3 24 | -2.8% | -2.6% | ||
| Q2 24 | 2.1% | 1.6% | ||
| Q1 24 | -5.5% | 7.5% |
| Q4 25 | — | $-0.34 | ||
| Q3 25 | — | $0.19 | ||
| Q2 25 | — | $0.09 | ||
| Q1 25 | — | $0.03 | ||
| Q4 24 | — | $-0.46 | ||
| Q3 24 | — | $-0.13 | ||
| Q2 24 | — | $0.10 | ||
| Q1 24 | — | $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 | $78.3M | $156.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $308.7M | $686.0M |
| Total Assets | $541.0M | $1.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $78.3M | $156.7M | ||
| Q3 25 | — | $191.5M | ||
| Q2 25 | — | $190.8M | ||
| Q1 25 | — | $180.3M | ||
| Q4 24 | $194.5M | $240.7M | ||
| Q3 24 | $288.0M | $254.6M | ||
| Q2 24 | $254.8M | $272.8M | ||
| Q1 24 | $208.3M | $278.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $5.4M | ||
| Q4 24 | — | $5.4M | ||
| Q3 24 | — | $13.2M | ||
| Q2 24 | — | $13.2M | ||
| Q1 24 | — | $13.2M |
| Q4 25 | $308.7M | $686.0M | ||
| Q3 25 | $340.9M | $697.7M | ||
| Q2 25 | $344.2M | $690.0M | ||
| Q1 25 | $336.1M | $686.1M | ||
| Q4 24 | $341.1M | $690.5M | ||
| Q3 24 | $342.2M | $712.7M | ||
| Q2 24 | $324.9M | $736.3M | ||
| Q1 24 | $292.5M | $739.3M |
| Q4 25 | $541.0M | $1.1B | ||
| Q3 25 | $559.7M | $1.2B | ||
| Q2 25 | $575.0M | $1.1B | ||
| Q1 25 | $583.7M | $1.1B | ||
| Q4 24 | $580.7M | $1.1B | ||
| Q3 24 | $653.0M | $1.1B | ||
| Q2 24 | $674.2M | $1.1B | ||
| Q1 24 | $671.8M | $1.2B |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.01× | ||
| Q4 24 | — | 0.01× | ||
| Q3 24 | — | 0.02× | ||
| Q2 24 | — | 0.02× | ||
| Q1 24 | — | 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 | $-66.9M | $-1.9M |
| Free Cash FlowOCF − Capex | $-69.0M | $-37.2M |
| FCF MarginFCF / Revenue | -14.1% | -13.9% |
| Capex IntensityCapex / Revenue | 0.4% | 13.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-69.2M | $-93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-66.9M | $-1.9M | ||
| Q3 25 | $12.1M | $22.0M | ||
| Q2 25 | $5.4M | $34.8M | ||
| Q1 25 | $-16.3M | $-38.9M | ||
| Q4 24 | $34.8M | $13.9M | ||
| Q3 24 | $50.0M | $-15.3M | ||
| Q2 24 | $44.8M | $8.3M | ||
| Q1 24 | $25.9M | $33.4M |
| Q4 25 | $-69.0M | $-37.2M | ||
| Q3 25 | $11.4M | $-6.4M | ||
| Q2 25 | $4.8M | $17.0M | ||
| Q1 25 | $-16.5M | $-66.4M | ||
| Q4 24 | $33.3M | $-1.3M | ||
| Q3 24 | $49.6M | $-32.9M | ||
| Q2 24 | $44.4M | $-5.8M | ||
| Q1 24 | $25.5M | $16.0M |
| Q4 25 | -14.1% | -13.9% | ||
| Q3 25 | 2.3% | -2.1% | ||
| Q2 25 | 1.0% | 5.6% | ||
| Q1 25 | -3.6% | -23.7% | ||
| Q4 24 | 9.9% | -0.5% | ||
| Q3 24 | 15.0% | -14.5% | ||
| Q2 24 | 12.5% | -2.0% | ||
| Q1 24 | 7.3% | 5.0% |
| Q4 25 | 0.4% | 13.2% | ||
| Q3 25 | 0.1% | 9.3% | ||
| Q2 25 | 0.1% | 5.8% | ||
| Q1 25 | 0.0% | 9.8% | ||
| Q4 24 | 0.5% | 6.3% | ||
| Q3 24 | 0.1% | 7.7% | ||
| Q2 24 | 0.1% | 4.8% | ||
| Q1 24 | 0.1% | 5.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | 2.72× | ||
| Q2 25 | — | 9.41× | ||
| Q1 25 | — | -29.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 6.04× | 1.80× | ||
| Q1 24 | — | 1.39× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLOV
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% |
