Filing Flows › Metallus (MTUS) › Q3 2026 › vs Q2 2026
Metallus (MTUS) Q3 2026 vs Q2 2026 (quarter over quarter)
Metallus's revenue fell $3.8M (-1%) from $341M in Q2 2026 to $337M in Q3 2026. The biggest changes: Special Bar Quality Bars −$8.2M (-4%); Manufactured Components +$6.0M (+8%); Seamless Mechanical Tubing −$1.9M (-5%). Gross margin 10.8% against 10.0% (+0.8 pts).
Metallus, Q3 2026: revenue $337M (+10% year over year), operating margin 9.6%, net earnings $23.8M, operating cash flow $6.8M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 10.8% | 10.0% | +0.8 pts |
| Operating margin | 9.6% | 3.5% | +6.1 pts |
| Net margin | 7.1% | 2.6% | +4.4 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Special Bar Quality Bars | $213M | $221M | −$8.2M | -4% |
| Manufactured Components | $83.9M | $77.9M | $6.0M | +8% |
| Seamless Mechanical Tubing | $33.7M | $35.6M | −$1.9M | -5% |
| Other Products | $6.7M | $6.4M | $300K | +5% |
| Revenue | $337M | $341M | −$3.8M | -1% |
| Gross profit | $36.3M | $34.1M | $2.2M | +6% |
| Cost of revenue | $301M | $307M | −$6.0M | -2% |
| Operating profit | $32.3M | $11.9M | $20.4M | +171% |
| Operating expenses | $4.0M | $22.2M | −$18.2M | -82% |
| Pre-tax earnings | $32.3M | $11.9M | $20.4M | +171% |
| Net earnings | $23.8M | $8.9M | $14.9M | +167% |
| Income tax | $8.5M | $3.0M | $5.5M | +183% |
| Operating cash sources | $41.9M | $25.6M | $16.3M | +64% |
| Depreciation & amortization | $14.5M | $13.4M | $1.1M | +8% |
| Share-based compensation | $3.6M | $3.3M | $300K | +9% |
| Working capital & other | $35.1M | $12.8M | $22.3M | +174% |
| Operating cash flow | $6.8M | $12.8M | −$6.0M | -47% |
| Capital expenditures | $13.1M | $15.2M | −$2.1M | -14% |
| Negative free cash flow (OCF − capex) | $6.3M | $2.4M | $3.9M | +162% |
Questions
How much did Metallus's revenue grow quarter over quarter in Q3 2026?
Metallus's revenue fell $3.8M (-1%) from $341M in Q2 2026 to $337M in Q3 2026.
What drove Metallus's revenue change in Q3 2026?
Special Bar Quality Bars −$8.2M (-4%); Manufactured Components +$6.0M (+8%); Seamless Mechanical Tubing −$1.9M (-5%).