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Side-by-side financial comparison of Metallus Inc. (MTUS) and SAFETY INSURANCE GROUP INC (SAFT). Click either name above to swap in a different company.

SAFETY INSURANCE GROUP INC is the larger business by last-quarter revenue ($319.3M vs $267.3M, roughly 1.2× Metallus Inc.). SAFETY INSURANCE GROUP INC runs the higher net margin — 6.3% vs -5.3%, a 11.6% gap on every dollar of revenue. On growth, SAFETY INSURANCE GROUP INC posted the faster year-over-year revenue change (11.4% vs 11.1%). SAFETY INSURANCE GROUP INC produced more free cash flow last quarter ($192.0M vs $-37.2M). Over the past eight quarters, SAFETY INSURANCE GROUP INC's revenue compounded faster (9.1% CAGR vs -8.8%).

Nationwide Mutual Insurance Company and affiliated companies, commonly shortened to Nationwide, is a group of large U.S. insurance and financial services companies based in Columbus, Ohio. The company also operates regional headquarters in Scottsdale, Arizona and Des Moines, Iowa. Nationwide currently has approximately 24,000 employees, and is ranked No. 72 in the 2025 Fortune 500 list.

MTUS vs SAFT — Head-to-Head

Bigger by revenue
SAFT
SAFT
1.2× larger
SAFT
$319.3M
$267.3M
MTUS
Growing faster (revenue YoY)
SAFT
SAFT
+0.2% gap
SAFT
11.4%
11.1%
MTUS
Higher net margin
SAFT
SAFT
11.6% more per $
SAFT
6.3%
-5.3%
MTUS
More free cash flow
SAFT
SAFT
$229.2M more FCF
SAFT
$192.0M
$-37.2M
MTUS
Faster 2-yr revenue CAGR
SAFT
SAFT
Annualised
SAFT
9.1%
-8.8%
MTUS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MTUS
MTUS
SAFT
SAFT
Revenue
$267.3M
$319.3M
Net Profit
$-14.3M
$20.1M
Gross Margin
2.2%
Operating Margin
-7.7%
8.0%
Net Margin
-5.3%
6.3%
Revenue YoY
11.1%
11.4%
Net Profit YoY
33.2%
147.3%
EPS (diluted)
$-0.34
$1.36

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
SAFT
SAFT
Q4 25
$267.3M
$319.3M
Q3 25
$305.9M
$326.6M
Q2 25
$304.6M
$316.3M
Q1 25
$280.5M
$301.4M
Q4 24
$240.5M
$286.7M
Q3 24
$227.2M
$295.3M
Q2 24
$294.7M
$269.8M
Q1 24
$321.6M
$268.2M
Net Profit
MTUS
MTUS
SAFT
SAFT
Q4 25
$-14.3M
$20.1M
Q3 25
$8.1M
$28.3M
Q2 25
$3.7M
$28.9M
Q1 25
$1.3M
$21.9M
Q4 24
$-21.4M
$8.1M
Q3 24
$-5.9M
$25.9M
Q2 24
$4.6M
$16.6M
Q1 24
$24.0M
$20.1M
Gross Margin
MTUS
MTUS
SAFT
SAFT
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%
Operating Margin
MTUS
MTUS
SAFT
SAFT
Q4 25
-7.7%
8.0%
Q3 25
3.6%
11.1%
Q2 25
2.8%
11.6%
Q1 25
1.0%
9.4%
Q4 24
-10.1%
3.5%
Q3 24
-3.1%
11.1%
Q2 24
2.1%
7.9%
Q1 24
9.3%
9.5%
Net Margin
MTUS
MTUS
SAFT
SAFT
Q4 25
-5.3%
6.3%
Q3 25
2.6%
8.7%
Q2 25
1.2%
9.1%
Q1 25
0.5%
7.3%
Q4 24
-8.9%
2.8%
Q3 24
-2.6%
8.8%
Q2 24
1.6%
6.2%
Q1 24
7.5%
7.5%
EPS (diluted)
MTUS
MTUS
SAFT
SAFT
Q4 25
$-0.34
$1.36
Q3 25
$0.19
$1.91
Q2 25
$0.09
$1.95
Q1 25
$0.03
$1.48
Q4 24
$-0.46
$0.56
Q3 24
$-0.13
$1.73
Q2 24
$0.10
$1.13
Q1 24
$0.52
$1.36

Balance Sheet & Financial Strength

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

Metric
MTUS
MTUS
SAFT
SAFT
Cash + ST InvestmentsLiquidity on hand
$156.7M
$73.9M
Total DebtLower is stronger
$50.0M
Stockholders' EquityBook value
$686.0M
$892.3M
Total Assets
$1.1B
$2.5B
Debt / EquityLower = less leverage
0.06×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MTUS
MTUS
SAFT
SAFT
Q4 25
$156.7M
$73.9M
Q3 25
$191.5M
$56.2M
Q2 25
$190.8M
$49.4M
Q1 25
$180.3M
$64.7M
Q4 24
$240.7M
$59.0M
Q3 24
$254.6M
$82.3M
Q2 24
$272.8M
$44.6M
Q1 24
$278.1M
$30.8M
Total Debt
MTUS
MTUS
SAFT
SAFT
Q4 25
$50.0M
Q3 25
$0
$30.0M
Q2 25
$0
$30.0M
Q1 25
$5.4M
$30.0M
Q4 24
$5.4M
Q3 24
$13.2M
Q2 24
$13.2M
Q1 24
$13.2M
Stockholders' Equity
MTUS
MTUS
SAFT
SAFT
Q4 25
$686.0M
$892.3M
Q3 25
$697.7M
$899.6M
Q2 25
$690.0M
$873.3M
Q1 25
$686.1M
$850.7M
Q4 24
$690.5M
$828.5M
Q3 24
$712.7M
$851.4M
Q2 24
$736.3M
$810.2M
Q1 24
$739.3M
$807.1M
Total Assets
MTUS
MTUS
SAFT
SAFT
Q4 25
$1.1B
$2.5B
Q3 25
$1.2B
$2.4B
Q2 25
$1.1B
$2.4B
Q1 25
$1.1B
$2.3B
Q4 24
$1.1B
$2.3B
Q3 24
$1.1B
$2.3B
Q2 24
$1.1B
$2.2B
Q1 24
$1.2B
$2.1B
Debt / Equity
MTUS
MTUS
SAFT
SAFT
Q4 25
0.06×
Q3 25
0.00×
0.03×
Q2 25
0.00×
0.03×
Q1 25
0.01×
0.04×
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
MTUS
MTUS
SAFT
SAFT
Operating Cash FlowLast quarter
$-1.9M
$194.5M
Free Cash FlowOCF − Capex
$-37.2M
$192.0M
FCF MarginFCF / Revenue
-13.9%
60.1%
Capex IntensityCapex / Revenue
13.2%
0.8%
Cash ConversionOCF / Net Profit
9.67×
TTM Free Cash FlowTrailing 4 quarters
$-93.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MTUS
MTUS
SAFT
SAFT
Q4 25
$-1.9M
$194.5M
Q3 25
$22.0M
$85.5M
Q2 25
$34.8M
$32.3M
Q1 25
$-38.9M
$3.2M
Q4 24
$13.9M
$128.7M
Q3 24
$-15.3M
$73.8M
Q2 24
$8.3M
$25.6M
Q1 24
$33.4M
$-21.1M
Free Cash Flow
MTUS
MTUS
SAFT
SAFT
Q4 25
$-37.2M
$192.0M
Q3 25
$-6.4M
Q2 25
$17.0M
$32.3M
Q1 25
$-66.4M
$2.8M
Q4 24
$-1.3M
$124.3M
Q3 24
$-32.9M
$73.2M
Q2 24
$-5.8M
$25.0M
Q1 24
$16.0M
$-24.2M
FCF Margin
MTUS
MTUS
SAFT
SAFT
Q4 25
-13.9%
60.1%
Q3 25
-2.1%
Q2 25
5.6%
10.2%
Q1 25
-23.7%
0.9%
Q4 24
-0.5%
43.4%
Q3 24
-14.5%
24.8%
Q2 24
-2.0%
9.3%
Q1 24
5.0%
-9.0%
Capex Intensity
MTUS
MTUS
SAFT
SAFT
Q4 25
13.2%
0.8%
Q3 25
9.3%
0.0%
Q2 25
5.8%
0.0%
Q1 25
9.8%
0.1%
Q4 24
6.3%
1.5%
Q3 24
7.7%
0.2%
Q2 24
4.8%
0.2%
Q1 24
5.4%
1.1%
Cash Conversion
MTUS
MTUS
SAFT
SAFT
Q4 25
9.67×
Q3 25
2.72×
3.02×
Q2 25
9.41×
1.12×
Q1 25
-29.92×
0.14×
Q4 24
15.83×
Q3 24
2.85×
Q2 24
1.80×
1.54×
Q1 24
1.39×
-1.05×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MTUS
MTUS

Industrial Market Sector$95.3M36%
Manufactured Components$67.8M25%
Aerospace And Defense$39.6M15%
Seamless Mechanical Tubing$31.3M12%
Energy Market Sector$18.3M7%
Other$11.3M4%
Other Market Sector$3.7M1%

SAFT
SAFT

Segment breakdown not available.

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