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Side-by-side financial comparison of Metallus Inc. (MTUS) and StubHub Holdings, Inc. (STUB). Click either name above to swap in a different company.

StubHub Holdings, Inc. is the larger business by last-quarter revenue ($468.1M vs $267.3M, roughly 1.8× Metallus Inc.). Metallus Inc. runs the higher net margin — -5.3% vs -276.6%, a 271.2% gap on every dollar of revenue. On growth, Metallus Inc. posted the faster year-over-year revenue change (11.1% vs 7.9%). StubHub Holdings, Inc. produced more free cash flow last quarter ($180.3M vs $-37.2M).

StubHub Holdings operates a leading global online ticket marketplace for live entertainment events. It facilitates secure resale and direct purchase of tickets for concerts, sports matches, theater performances and other live experiences, serving consumers, event organizers and sellers across North America, Europe and Asia-Pacific.

MTUS vs STUB — Head-to-Head

Bigger by revenue
STUB
STUB
1.8× larger
STUB
$468.1M
$267.3M
MTUS
Growing faster (revenue YoY)
MTUS
MTUS
+3.2% gap
MTUS
11.1%
7.9%
STUB
Higher net margin
MTUS
MTUS
271.2% more per $
MTUS
-5.3%
-276.6%
STUB
More free cash flow
STUB
STUB
$217.5M more FCF
STUB
$180.3M
$-37.2M
MTUS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
MTUS
MTUS
STUB
STUB
Revenue
$267.3M
$468.1M
Net Profit
$-14.3M
$-1.3B
Gross Margin
2.2%
Operating Margin
-7.7%
-292.3%
Net Margin
-5.3%
-276.6%
Revenue YoY
11.1%
7.9%
Net Profit YoY
33.2%
-3821.6%
EPS (diluted)
$-0.34
$-4.27

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
STUB
STUB
Q4 25
$267.3M
Q3 25
$305.9M
$468.1M
Q2 25
$304.6M
Q1 25
$280.5M
Q4 24
$240.5M
Q3 24
$227.2M
$433.8M
Q2 24
$294.7M
Q1 24
$321.6M
Net Profit
MTUS
MTUS
STUB
STUB
Q4 25
$-14.3M
Q3 25
$8.1M
$-1.3B
Q2 25
$3.7M
Q1 25
$1.3M
Q4 24
$-21.4M
Q3 24
$-5.9M
$-33.0M
Q2 24
$4.6M
Q1 24
$24.0M
Gross Margin
MTUS
MTUS
STUB
STUB
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
STUB
STUB
Q4 25
-7.7%
Q3 25
3.6%
-292.3%
Q2 25
2.8%
Q1 25
1.0%
Q4 24
-10.1%
Q3 24
-3.1%
2.8%
Q2 24
2.1%
Q1 24
9.3%
Net Margin
MTUS
MTUS
STUB
STUB
Q4 25
-5.3%
Q3 25
2.6%
-276.6%
Q2 25
1.2%
Q1 25
0.5%
Q4 24
-8.9%
Q3 24
-2.6%
-7.6%
Q2 24
1.6%
Q1 24
7.5%
EPS (diluted)
MTUS
MTUS
STUB
STUB
Q4 25
$-0.34
Q3 25
$0.19
$-4.27
Q2 25
$0.09
Q1 25
$0.03
Q4 24
$-0.46
Q3 24
$-0.13
$-0.15
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
MTUS
MTUS
STUB
STUB
Cash + ST InvestmentsLiquidity on hand
$156.7M
$1.4B
Total DebtLower is stronger
$1.7B
Stockholders' EquityBook value
$686.0M
$1.7B
Total Assets
$1.1B
$5.6B
Debt / EquityLower = less leverage
0.98×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MTUS
MTUS
STUB
STUB
Q4 25
$156.7M
Q3 25
$191.5M
$1.4B
Q2 25
$190.8M
Q1 25
$180.3M
Q4 24
$240.7M
Q3 24
$254.6M
$1.1B
Q2 24
$272.8M
Q1 24
$278.1M
Total Debt
MTUS
MTUS
STUB
STUB
Q4 25
Q3 25
$0
$1.7B
Q2 25
$0
Q1 25
$5.4M
Q4 24
$5.4M
Q3 24
$13.2M
Q2 24
$13.2M
Q1 24
$13.2M
Stockholders' Equity
MTUS
MTUS
STUB
STUB
Q4 25
$686.0M
Q3 25
$697.7M
$1.7B
Q2 25
$690.0M
Q1 25
$686.1M
Q4 24
$690.5M
Q3 24
$712.7M
$815.9M
Q2 24
$736.3M
Q1 24
$739.3M
Total Assets
MTUS
MTUS
STUB
STUB
Q4 25
$1.1B
Q3 25
$1.2B
$5.6B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.1B
Q1 24
$1.2B
Debt / Equity
MTUS
MTUS
STUB
STUB
Q4 25
Q3 25
0.00×
0.98×
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
MTUS
MTUS
STUB
STUB
Operating Cash FlowLast quarter
$-1.9M
$181.4M
Free Cash FlowOCF − Capex
$-37.2M
$180.3M
FCF MarginFCF / Revenue
-13.9%
38.5%
Capex IntensityCapex / Revenue
13.2%
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-93.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MTUS
MTUS
STUB
STUB
Q4 25
$-1.9M
Q3 25
$22.0M
$181.4M
Q2 25
$34.8M
Q1 25
$-38.9M
Q4 24
$13.9M
Q3 24
$-15.3M
Q2 24
$8.3M
Q1 24
$33.4M
Free Cash Flow
MTUS
MTUS
STUB
STUB
Q4 25
$-37.2M
Q3 25
$-6.4M
$180.3M
Q2 25
$17.0M
Q1 25
$-66.4M
Q4 24
$-1.3M
Q3 24
$-32.9M
Q2 24
$-5.8M
Q1 24
$16.0M
FCF Margin
MTUS
MTUS
STUB
STUB
Q4 25
-13.9%
Q3 25
-2.1%
38.5%
Q2 25
5.6%
Q1 25
-23.7%
Q4 24
-0.5%
Q3 24
-14.5%
Q2 24
-2.0%
Q1 24
5.0%
Capex Intensity
MTUS
MTUS
STUB
STUB
Q4 25
13.2%
Q3 25
9.3%
0.2%
Q2 25
5.8%
Q1 25
9.8%
Q4 24
6.3%
Q3 24
7.7%
Q2 24
4.8%
Q1 24
5.4%
Cash Conversion
MTUS
MTUS
STUB
STUB
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

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%

STUB
STUB

Transaction Fees$453.4M97%
Other$14.7M3%

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