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Side-by-side financial comparison of JFrog Ltd (FROG) 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 $145.3M, roughly 1.8× JFrog Ltd). Metallus Inc. runs the higher net margin — -5.3% vs -10.5%, a 5.1% gap on every dollar of revenue. On growth, JFrog Ltd posted the faster year-over-year revenue change (25.2% vs 11.1%). JFrog Ltd produced more free cash flow last quarter ($49.9M vs $-37.2M). Over the past eight quarters, JFrog Ltd's revenue compounded faster (20.4% CAGR vs -8.8%).
JFrog Ltd is a global DevOps technology provider that delivers end-to-end software release, artifact management, and security solutions. It serves clients across tech, finance, retail, and manufacturing sectors, helping teams streamline development and delivery workflows for cloud, on-premises, and hybrid infrastructure.
FROG vs MTUS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $145.3M | $267.3M |
| Net Profit | $-15.2M | $-14.3M |
| Gross Margin | 77.9% | 2.2% |
| Operating Margin | -14.7% | -7.7% |
| Net Margin | -10.5% | -5.3% |
| Revenue YoY | 25.2% | 11.1% |
| Net Profit YoY | 34.4% | 33.2% |
| EPS (diluted) | $-0.13 | $-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 | $145.3M | $267.3M | ||
| Q3 25 | $136.9M | $305.9M | ||
| Q2 25 | $127.2M | $304.6M | ||
| Q1 25 | $122.4M | $280.5M | ||
| Q4 24 | $116.1M | $240.5M | ||
| Q3 24 | $109.1M | $227.2M | ||
| Q2 24 | $103.0M | $294.7M | ||
| Q1 24 | $100.3M | $321.6M |
| Q4 25 | $-15.2M | $-14.3M | ||
| Q3 25 | $-16.4M | $8.1M | ||
| Q2 25 | $-21.7M | $3.7M | ||
| Q1 25 | $-18.5M | $1.3M | ||
| Q4 24 | $-23.2M | $-21.4M | ||
| Q3 24 | $-22.9M | $-5.9M | ||
| Q2 24 | $-14.3M | $4.6M | ||
| Q1 24 | $-8.8M | $24.0M |
| Q4 25 | 77.9% | 2.2% | ||
| Q3 25 | 77.4% | 11.4% | ||
| Q2 25 | 76.3% | 10.6% | ||
| Q1 25 | 75.3% | 7.8% | ||
| Q4 24 | 75.4% | 4.5% | ||
| Q3 24 | 75.0% | 5.3% | ||
| Q2 24 | 78.8% | 8.2% | ||
| Q1 24 | 79.5% | 15.7% |
| Q4 25 | -14.7% | -7.7% | ||
| Q3 25 | -15.8% | 3.6% | ||
| Q2 25 | -20.4% | 2.8% | ||
| Q1 25 | -18.8% | 1.0% | ||
| Q4 24 | -21.9% | -10.1% | ||
| Q3 24 | -27.4% | -3.1% | ||
| Q2 24 | -18.6% | 2.1% | ||
| Q1 24 | -16.6% | 9.3% |
| Q4 25 | -10.5% | -5.3% | ||
| Q3 25 | -12.0% | 2.6% | ||
| Q2 25 | -17.0% | 1.2% | ||
| Q1 25 | -15.1% | 0.5% | ||
| Q4 24 | -20.0% | -8.9% | ||
| Q3 24 | -21.0% | -2.6% | ||
| Q2 24 | -13.9% | 1.6% | ||
| Q1 24 | -8.8% | 7.5% |
| Q4 25 | $-0.13 | $-0.34 | ||
| Q3 25 | $-0.14 | $0.19 | ||
| Q2 25 | $-0.19 | $0.09 | ||
| Q1 25 | $-0.16 | $0.03 | ||
| Q4 24 | $-0.21 | $-0.46 | ||
| Q3 24 | $-0.21 | $-0.13 | ||
| Q2 24 | $-0.13 | $0.10 | ||
| Q1 24 | $-0.08 | $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 | $704.4M | $156.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $887.4M | $686.0M |
| Total Assets | $1.3B | $1.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $704.4M | $156.7M | ||
| Q3 25 | $651.1M | $191.5M | ||
| Q2 25 | $611.7M | $190.8M | ||
| Q1 25 | $563.5M | $180.3M | ||
| Q4 24 | $522.0M | $240.7M | ||
| Q3 24 | $467.8M | $254.6M | ||
| Q2 24 | $591.3M | $272.8M | ||
| Q1 24 | $579.6M | $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 | $887.4M | $686.0M | ||
| Q3 25 | $859.4M | $697.7M | ||
| Q2 25 | $826.5M | $690.0M | ||
| Q1 25 | $800.0M | $686.1M | ||
| Q4 24 | $773.5M | $690.5M | ||
| Q3 24 | $756.2M | $712.7M | ||
| Q2 24 | $721.4M | $736.3M | ||
| Q1 24 | $707.8M | $739.3M |
| Q4 25 | $1.3B | $1.1B | ||
| Q3 25 | $1.3B | $1.2B | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $1.2B | $1.1B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $1.1B | $1.1B | ||
| Q2 24 | $1.0B | $1.1B | ||
| Q1 24 | $997.1M | $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 | $50.7M | $-1.9M |
| Free Cash FlowOCF − Capex | $49.9M | $-37.2M |
| FCF MarginFCF / Revenue | 34.3% | -13.9% |
| Capex IntensityCapex / Revenue | 0.6% | 13.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $142.3M | $-93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $50.7M | $-1.9M | ||
| Q3 25 | $30.2M | $22.0M | ||
| Q2 25 | $36.1M | $34.8M | ||
| Q1 25 | $28.8M | $-38.9M | ||
| Q4 24 | $49.1M | $13.9M | ||
| Q3 24 | $27.6M | $-15.3M | ||
| Q2 24 | $16.7M | $8.3M | ||
| Q1 24 | $17.5M | $33.4M |
| Q4 25 | $49.9M | $-37.2M | ||
| Q3 25 | $28.8M | $-6.4M | ||
| Q2 25 | $35.5M | $17.0M | ||
| Q1 25 | $28.1M | $-66.4M | ||
| Q4 24 | $48.5M | $-1.3M | ||
| Q3 24 | $26.7M | $-32.9M | ||
| Q2 24 | $16.0M | $-5.8M | ||
| Q1 24 | $16.6M | $16.0M |
| Q4 25 | 34.3% | -13.9% | ||
| Q3 25 | 21.0% | -2.1% | ||
| Q2 25 | 27.9% | 5.6% | ||
| Q1 25 | 23.0% | -23.7% | ||
| Q4 24 | 41.8% | -0.5% | ||
| Q3 24 | 24.5% | -14.5% | ||
| Q2 24 | 15.5% | -2.0% | ||
| Q1 24 | 16.6% | 5.0% |
| Q4 25 | 0.6% | 13.2% | ||
| Q3 25 | 1.0% | 9.3% | ||
| Q2 25 | 0.5% | 5.8% | ||
| Q1 25 | 0.5% | 9.8% | ||
| Q4 24 | 0.5% | 6.3% | ||
| Q3 24 | 0.9% | 7.7% | ||
| Q2 24 | 0.7% | 4.8% | ||
| Q1 24 | 0.8% | 5.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | 2.72× | ||
| Q2 25 | — | 9.41× | ||
| Q1 25 | — | -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
FROG
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% |
