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Side-by-side financial comparison of Metallus Inc. (MTUS) and PEGASYSTEMS INC (PEGA). Click either name above to swap in a different company.
PEGASYSTEMS INC is the larger business by last-quarter revenue ($430.0M vs $267.3M, roughly 1.6× Metallus Inc.). PEGASYSTEMS INC runs the higher net margin — 7.6% vs -5.3%, a 13.0% gap on every dollar of revenue. On growth, Metallus Inc. posted the faster year-over-year revenue change (11.1% vs -9.6%). PEGASYSTEMS INC produced more free cash flow last quarter ($206.5M vs $-37.2M). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% CAGR vs -8.8%).
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
MTUS vs PEGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $267.3M | $430.0M |
| Net Profit | $-14.3M | $32.8M |
| Gross Margin | 2.2% | 75.2% |
| Operating Margin | -7.7% | 8.6% |
| Net Margin | -5.3% | 7.6% |
| Revenue YoY | 11.1% | -9.6% |
| Net Profit YoY | 33.2% | — |
| EPS (diluted) | $-0.34 | $0.18 |
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.
| Q1 26 | — | $430.0M | ||
| Q4 25 | $267.3M | $504.3M | ||
| Q3 25 | $305.9M | $381.4M | ||
| Q2 25 | $304.6M | $384.5M | ||
| Q1 25 | $280.5M | $475.6M | ||
| Q4 24 | $240.5M | $490.8M | ||
| Q3 24 | $227.2M | $325.1M | ||
| Q2 24 | $294.7M | $351.2M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | $-14.3M | $234.6M | ||
| Q3 25 | $8.1M | $43.4M | ||
| Q2 25 | $3.7M | $30.1M | ||
| Q1 25 | $1.3M | $85.4M | ||
| Q4 24 | $-21.4M | $119.1M | ||
| Q3 24 | $-5.9M | $-14.4M | ||
| Q2 24 | $4.6M | $6.6M |
| Q1 26 | — | 75.2% | ||
| Q4 25 | 2.2% | 79.5% | ||
| Q3 25 | 11.4% | 72.2% | ||
| Q2 25 | 10.6% | 71.5% | ||
| Q1 25 | 7.8% | 78.5% | ||
| Q4 24 | 4.5% | 79.1% | ||
| Q3 24 | 5.3% | 70.2% | ||
| Q2 24 | 8.2% | 72.4% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | -7.7% | 20.7% | ||
| Q3 25 | 3.6% | 3.8% | ||
| Q2 25 | 2.8% | 4.5% | ||
| Q1 25 | 1.0% | 26.7% | ||
| Q4 24 | -10.1% | 29.1% | ||
| Q3 24 | -3.1% | -3.6% | ||
| Q2 24 | 2.1% | 3.7% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | -5.3% | 46.5% | ||
| Q3 25 | 2.6% | 11.4% | ||
| Q2 25 | 1.2% | 7.8% | ||
| Q1 25 | 0.5% | 18.0% | ||
| Q4 24 | -8.9% | 24.3% | ||
| Q3 24 | -2.6% | -4.4% | ||
| Q2 24 | 1.6% | 1.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $-0.34 | $0.81 | ||
| Q3 25 | $0.19 | $0.24 | ||
| Q2 25 | $0.09 | $0.17 | ||
| Q1 25 | $0.03 | $0.91 | ||
| Q4 24 | $-0.46 | $1.35 | ||
| Q3 24 | $-0.13 | $-0.17 | ||
| Q2 24 | $0.10 | $0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $156.7M | $270.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $686.0M | $705.9M |
| Total Assets | $1.1B | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $270.0M | ||
| Q4 25 | $156.7M | $425.8M | ||
| Q3 25 | $191.5M | $351.4M | ||
| Q2 25 | $190.8M | $411.6M | ||
| Q1 25 | $180.3M | $371.7M | ||
| Q4 24 | $240.7M | $740.0M | ||
| Q3 24 | $254.6M | $703.0M | ||
| Q2 24 | $272.8M | $665.1M |
| Q1 26 | — | — | ||
| 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 26 | — | $705.9M | ||
| Q4 25 | $686.0M | $787.4M | ||
| Q3 25 | $697.7M | $596.8M | ||
| Q2 25 | $690.0M | $624.5M | ||
| Q1 25 | $686.1M | $611.3M | ||
| Q4 24 | $690.5M | $585.5M | ||
| Q3 24 | $712.7M | $473.0M | ||
| Q2 24 | $736.3M | $435.4M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.1B | $1.6B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $1.1B | $1.3B | ||
| Q4 24 | $1.1B | $1.8B | ||
| Q3 24 | $1.1B | $1.6B | ||
| Q2 24 | $1.1B | $1.5B |
| Q1 26 | — | — | ||
| 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× | — |
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 | $-1.9M | — |
| Free Cash FlowOCF − Capex | $-37.2M | $206.5M |
| FCF MarginFCF / Revenue | -13.9% | 48.0% |
| Capex IntensityCapex / Revenue | 13.2% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-93.0M | $494.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-1.9M | $158.4M | ||
| Q3 25 | $22.0M | $56.3M | ||
| Q2 25 | $34.8M | $86.3M | ||
| Q1 25 | $-38.9M | $204.2M | ||
| Q4 24 | $13.9M | $95.2M | ||
| Q3 24 | $-15.3M | $30.5M | ||
| Q2 24 | $8.3M | $40.1M |
| Q1 26 | — | $206.5M | ||
| Q4 25 | $-37.2M | $152.4M | ||
| Q3 25 | $-6.4M | $51.8M | ||
| Q2 25 | $17.0M | $84.1M | ||
| Q1 25 | $-66.4M | $202.3M | ||
| Q4 24 | $-1.3M | $92.4M | ||
| Q3 24 | $-32.9M | $27.4M | ||
| Q2 24 | $-5.8M | $38.8M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | -13.9% | 30.2% | ||
| Q3 25 | -2.1% | 13.6% | ||
| Q2 25 | 5.6% | 21.9% | ||
| Q1 25 | -23.7% | 42.5% | ||
| Q4 24 | -0.5% | 18.8% | ||
| Q3 24 | -14.5% | 8.4% | ||
| Q2 24 | -2.0% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 13.2% | 1.2% | ||
| Q3 25 | 9.3% | 1.2% | ||
| Q2 25 | 5.8% | 0.6% | ||
| Q1 25 | 9.8% | 0.4% | ||
| Q4 24 | 6.3% | 0.6% | ||
| Q3 24 | 7.7% | 0.9% | ||
| Q2 24 | 4.8% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.68× | ||
| Q3 25 | 2.72× | 1.30× | ||
| Q2 25 | 9.41× | 2.87× | ||
| Q1 25 | -29.92× | 2.39× | ||
| Q4 24 | — | 0.80× | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.80× | 6.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
