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Side-by-side financial comparison of Metallus Inc. (MTUS) and TIC Solutions, Inc. (TIC). Click either name above to swap in a different company.
TIC Solutions, Inc. is the larger business by last-quarter revenue ($508.3M vs $308.3M, roughly 1.6× Metallus Inc.). Metallus Inc. runs the higher net margin — 1.8% vs -9.3%, a 11.0% gap on every dollar of revenue.
MTUS vs TIC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $308.3M | $508.3M |
| Net Profit | $5.4M | $-47.2M |
| Gross Margin | 8.1% | 35.2% |
| Operating Margin | — | -3.8% |
| Net Margin | 1.8% | -9.3% |
| Revenue YoY | 9.9% | — |
| Net Profit YoY | 315.4% | — |
| EPS (diluted) | $0.13 | — |
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 | $308.3M | — | ||
| Q4 25 | $267.3M | $508.3M | ||
| Q3 25 | $305.9M | $473.9M | ||
| Q2 25 | $304.6M | $313.9M | ||
| Q1 25 | $280.5M | $234.2M | ||
| Q4 24 | $240.5M | — | ||
| Q3 24 | $227.2M | — | ||
| Q2 24 | $294.7M | — |
| Q1 26 | $5.4M | — | ||
| Q4 25 | $-14.3M | $-47.2M | ||
| Q3 25 | $8.1M | $-13.9M | ||
| Q2 25 | $3.7M | $-233.0K | ||
| Q1 25 | $1.3M | $-25.8M | ||
| Q4 24 | $-21.4M | — | ||
| Q3 24 | $-5.9M | — | ||
| Q2 24 | $4.6M | — |
| Q1 26 | 8.1% | — | ||
| Q4 25 | 2.2% | 35.2% | ||
| Q3 25 | 11.4% | 32.2% | ||
| Q2 25 | 10.6% | 23.6% | ||
| Q1 25 | 7.8% | 18.6% | ||
| Q4 24 | 4.5% | — | ||
| Q3 24 | 5.3% | — | ||
| Q2 24 | 8.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | -7.7% | -3.8% | ||
| Q3 25 | 3.6% | -1.4% | ||
| Q2 25 | 2.8% | 5.8% | ||
| Q1 25 | 1.0% | -4.0% | ||
| Q4 24 | -10.1% | — | ||
| Q3 24 | -3.1% | — | ||
| Q2 24 | 2.1% | — |
| Q1 26 | 1.8% | — | ||
| Q4 25 | -5.3% | -9.3% | ||
| Q3 25 | 2.6% | -2.9% | ||
| Q2 25 | 1.2% | -0.1% | ||
| Q1 25 | 0.5% | -11.0% | ||
| Q4 24 | -8.9% | — | ||
| Q3 24 | -2.6% | — | ||
| Q2 24 | 1.6% | — |
| Q1 26 | $0.13 | — | ||
| Q4 25 | $-0.34 | — | ||
| Q3 25 | $0.19 | $-0.08 | ||
| Q2 25 | $0.09 | — | ||
| Q1 25 | $0.03 | — | ||
| Q4 24 | $-0.46 | — | ||
| Q3 24 | $-0.13 | — | ||
| Q2 24 | $0.10 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $104.0M | $439.5M |
| Total DebtLower is stronger | — | $1.6B |
| Stockholders' EquityBook value | $683.0M | $2.2B |
| Total Assets | $1.1B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.74× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $104.0M | — | ||
| Q4 25 | $156.7M | $439.5M | ||
| Q3 25 | $191.5M | $164.4M | ||
| Q2 25 | $190.8M | $130.1M | ||
| Q1 25 | $180.3M | $155.7M | ||
| Q4 24 | $240.7M | — | ||
| Q3 24 | $254.6M | — | ||
| Q2 24 | $272.8M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.6B | ||
| Q3 25 | $0 | $1.6B | ||
| Q2 25 | $0 | $751.3M | ||
| Q1 25 | $5.4M | $752.4M | ||
| Q4 24 | $5.4M | — | ||
| Q3 24 | $13.2M | — | ||
| Q2 24 | $13.2M | — |
| Q1 26 | $683.0M | — | ||
| Q4 25 | $686.0M | $2.2B | ||
| Q3 25 | $697.7M | $2.0B | ||
| Q2 25 | $690.0M | $1.2B | ||
| Q1 25 | $686.1M | $1.1B | ||
| Q4 24 | $690.5M | — | ||
| Q3 24 | $712.7M | — | ||
| Q2 24 | $736.3M | — |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $4.4B | ||
| Q3 25 | $1.2B | $4.2B | ||
| Q2 25 | $1.1B | $2.2B | ||
| Q1 25 | $1.1B | $2.2B | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.74× | ||
| Q3 25 | 0.00× | 0.83× | ||
| Q2 25 | 0.00× | 0.64× | ||
| Q1 25 | 0.01× | 0.67× | ||
| 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 | — | $49.7M |
| Free Cash FlowOCF − Capex | — | $37.1M |
| FCF MarginFCF / Revenue | — | 7.3% |
| Capex IntensityCapex / Revenue | 0.0% | 2.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $61.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-1.9M | $49.7M | ||
| Q3 25 | $22.0M | $19.0M | ||
| Q2 25 | $34.8M | $-6.5M | ||
| Q1 25 | $-38.9M | $32.8M | ||
| Q4 24 | $13.9M | — | ||
| Q3 24 | $-15.3M | — | ||
| Q2 24 | $8.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | $-37.2M | $37.1M | ||
| Q3 25 | $-6.4M | $10.3M | ||
| Q2 25 | $17.0M | $-14.5M | ||
| Q1 25 | $-66.4M | $28.3M | ||
| Q4 24 | $-1.3M | — | ||
| Q3 24 | $-32.9M | — | ||
| Q2 24 | $-5.8M | — |
| Q1 26 | — | — | ||
| Q4 25 | -13.9% | 7.3% | ||
| Q3 25 | -2.1% | 2.2% | ||
| Q2 25 | 5.6% | -4.6% | ||
| Q1 25 | -23.7% | 12.1% | ||
| Q4 24 | -0.5% | — | ||
| Q3 24 | -14.5% | — | ||
| Q2 24 | -2.0% | — |
| Q1 26 | 0.0% | — | ||
| Q4 25 | 13.2% | 2.5% | ||
| Q3 25 | 9.3% | 1.8% | ||
| Q2 25 | 5.8% | 2.6% | ||
| Q1 25 | 9.8% | 1.9% | ||
| Q4 24 | 6.3% | — | ||
| Q3 24 | 7.7% | — | ||
| Q2 24 | 4.8% | — |
| 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
Segment breakdown not available.
TIC
| Consulting Engineering Segment | $300.1M | 59% |
| Geospatial Segment | $131.3M | 26% |
| Fixed Unit Price Contracts | $54.3M | 11% |
| Other | $22.6M | 4% |
