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Side-by-side financial comparison of Metallus Inc. (MTUS) and ENVIRI Corp (NVRI). Click either name above to swap in a different company.

ENVIRI Corp is the larger business by last-quarter revenue ($555.0M vs $308.3M, roughly 1.8× Metallus Inc.). Metallus Inc. runs the higher net margin — 1.8% vs -15.2%, a 16.9% gap on every dollar of revenue. On growth, Metallus Inc. posted the faster year-over-year revenue change (9.9% vs -0.8%). Over the past eight quarters, Metallus Inc.'s revenue compounded faster (2.3% CAGR vs -3.8%).

Enviri Corporation is an environmental company based in Philadelphia, Pennsylvania. It operates in over 30 countries and employs approximately 12,000 people worldwide. The company addresses complex environmental issues for large industries, including steel, railways, and energy.

MTUS vs NVRI — Head-to-Head

Bigger by revenue
NVRI
NVRI
1.8× larger
NVRI
$555.0M
$308.3M
MTUS
Growing faster (revenue YoY)
MTUS
MTUS
+10.7% gap
MTUS
9.9%
-0.8%
NVRI
Higher net margin
MTUS
MTUS
16.9% more per $
MTUS
1.8%
-15.2%
NVRI
Faster 2-yr revenue CAGR
MTUS
MTUS
Annualised
MTUS
2.3%
-3.8%
NVRI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MTUS
MTUS
NVRI
NVRI
Revenue
$308.3M
$555.0M
Net Profit
$5.4M
$-84.3M
Gross Margin
8.1%
Operating Margin
-6.4%
Net Margin
1.8%
-15.2%
Revenue YoY
9.9%
-0.8%
Net Profit YoY
315.4%
0.7%
EPS (diluted)
$0.13
$-1.04

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.

Revenue
MTUS
MTUS
NVRI
NVRI
Q1 26
$308.3M
Q4 25
$267.3M
$555.0M
Q3 25
$305.9M
$574.8M
Q2 25
$304.6M
$562.3M
Q1 25
$280.5M
$548.3M
Q4 24
$240.5M
$559.2M
Q3 24
$227.2M
$573.6M
Q2 24
$294.7M
$610.0M
Net Profit
MTUS
MTUS
NVRI
NVRI
Q1 26
$5.4M
Q4 25
$-14.3M
$-84.3M
Q3 25
$8.1M
$-22.3M
Q2 25
$3.7M
$-47.6M
Q1 25
$1.3M
$-13.4M
Q4 24
$-21.4M
$-84.9M
Q3 24
$-5.9M
$-13.2M
Q2 24
$4.6M
$-13.6M
Gross Margin
MTUS
MTUS
NVRI
NVRI
Q1 26
8.1%
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%
Operating Margin
MTUS
MTUS
NVRI
NVRI
Q1 26
Q4 25
-7.7%
-6.4%
Q3 25
3.6%
2.9%
Q2 25
2.8%
-1.3%
Q1 25
1.0%
5.6%
Q4 24
-10.1%
-11.4%
Q3 24
-3.1%
6.5%
Q2 24
2.1%
5.1%
Net Margin
MTUS
MTUS
NVRI
NVRI
Q1 26
1.8%
Q4 25
-5.3%
-15.2%
Q3 25
2.6%
-3.9%
Q2 25
1.2%
-8.5%
Q1 25
0.5%
-2.4%
Q4 24
-8.9%
-15.2%
Q3 24
-2.6%
-2.3%
Q2 24
1.6%
-2.2%
EPS (diluted)
MTUS
MTUS
NVRI
NVRI
Q1 26
$0.13
Q4 25
$-0.34
$-1.04
Q3 25
$0.19
$-0.28
Q2 25
$0.09
$-0.59
Q1 25
$0.03
$-0.17
Q4 24
$-0.46
$-1.07
Q3 24
$-0.13
$-0.16
Q2 24
$0.10
$-0.17

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MTUS
MTUS
NVRI
NVRI
Cash + ST InvestmentsLiquidity on hand
$104.0M
$103.7M
Total DebtLower is stronger
$1.6B
Stockholders' EquityBook value
$683.0M
$255.1M
Total Assets
$1.1B
$2.7B
Debt / EquityLower = less leverage
6.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MTUS
MTUS
NVRI
NVRI
Q1 26
$104.0M
Q4 25
$156.7M
$103.7M
Q3 25
$191.5M
$115.4M
Q2 25
$190.8M
$97.8M
Q1 25
$180.3M
$102.5M
Q4 24
$240.7M
$88.4M
Q3 24
$254.6M
$110.2M
Q2 24
$272.8M
$104.0M
Total Debt
MTUS
MTUS
NVRI
NVRI
Q1 26
Q4 25
$1.6B
Q3 25
$0
Q2 25
$0
Q1 25
$5.4M
Q4 24
$5.4M
$1.4B
Q3 24
$13.2M
Q2 24
$13.2M
Stockholders' Equity
MTUS
MTUS
NVRI
NVRI
Q1 26
$683.0M
Q4 25
$686.0M
$255.1M
Q3 25
$697.7M
$361.1M
Q2 25
$690.0M
$376.3M
Q1 25
$686.1M
$409.0M
Q4 24
$690.5M
$391.5M
Q3 24
$712.7M
$484.0M
Q2 24
$736.3M
$485.7M
Total Assets
MTUS
MTUS
NVRI
NVRI
Q1 26
$1.1B
Q4 25
$1.1B
$2.7B
Q3 25
$1.2B
$2.8B
Q2 25
$1.1B
$2.8B
Q1 25
$1.1B
$2.7B
Q4 24
$1.1B
$2.6B
Q3 24
$1.1B
$2.8B
Q2 24
$1.1B
$2.8B
Debt / Equity
MTUS
MTUS
NVRI
NVRI
Q1 26
Q4 25
6.10×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.01×
Q4 24
0.01×
3.66×
Q3 24
0.02×
Q2 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
MTUS
MTUS
NVRI
NVRI
Operating Cash FlowLast quarter
$38.4M
Free Cash FlowOCF − Capex
$-10.5M
FCF MarginFCF / Revenue
-1.9%
Capex IntensityCapex / Revenue
0.0%
8.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-39.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MTUS
MTUS
NVRI
NVRI
Q1 26
Q4 25
$-1.9M
$38.4M
Q3 25
$22.0M
$34.4M
Q2 25
$34.8M
$22.0M
Q1 25
$-38.9M
$6.6M
Q4 24
$13.9M
$36.3M
Q3 24
$-15.3M
$1.4M
Q2 24
$8.3M
$39.0M
Free Cash Flow
MTUS
MTUS
NVRI
NVRI
Q1 26
Q4 25
$-37.2M
$-10.5M
Q3 25
$-6.4M
$2.7M
Q2 25
$17.0M
$-17.1M
Q1 25
$-66.4M
$-15.0M
Q4 24
$-1.3M
$1.8M
Q3 24
$-32.9M
$-40.2M
Q2 24
$-5.8M
$5.4M
FCF Margin
MTUS
MTUS
NVRI
NVRI
Q1 26
Q4 25
-13.9%
-1.9%
Q3 25
-2.1%
0.5%
Q2 25
5.6%
-3.0%
Q1 25
-23.7%
-2.7%
Q4 24
-0.5%
0.3%
Q3 24
-14.5%
-7.0%
Q2 24
-2.0%
0.9%
Capex Intensity
MTUS
MTUS
NVRI
NVRI
Q1 26
0.0%
Q4 25
13.2%
8.8%
Q3 25
9.3%
5.5%
Q2 25
5.8%
6.9%
Q1 25
9.8%
3.9%
Q4 24
6.3%
6.2%
Q3 24
7.7%
7.2%
Q2 24
4.8%
5.5%
Cash Conversion
MTUS
MTUS
NVRI
NVRI
Q1 26
Q4 25
Q3 25
2.72×
Q2 25
9.41×
Q1 25
-29.92×
Q4 24
Q3 24
Q2 24
1.80×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MTUS
MTUS

Segment breakdown not available.

NVRI
NVRI

Products And Services Service Revenue$500.2M90%
After Market Parts And Services Safety And Diagnostic Technology$23.0M4%
Railway Track Maintenance Equipment$16.6M3%
Railway Contracting Services$15.9M3%
Aluminum Dross And Scrap Processing Systems$3.1M1%

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