NASDAQ : GSM
Ferroglobe PLC — Financial statements
Materials · Other Industrial Metals & Mining · United Kingdom
Last price 3.86 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 721.28M
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Financial statements
Ferroglobe PLC (GSM) reported revenue of 1.37B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.37B | 1.34B | 1.64B | 1.65B | 2.60B | 1.78B |
| Cost of Revenue | 860.53M | 933.53M | 1.03B | 879.29M | 1.29B | 1.18B |
| Gross Profit | 506.91M | 401.59M | 616.81M | 770.75M | 1.31B | 594.01M |
| Selling, General & Admin | 263.61M | 270.65M | 279.86M | 305.86M | 314.81M | 280.92M |
| Other Operating Expenses | 181.56M | 161.96M | 180.25M | 169.13M | 198.91M | 184.52M |
| Operating Expenses | 526.43M | 517.56M | 535.58M | 548.52M | 595.28M | 562.76M |
| Operating Income | -19.52M | -115.97M | 81.23M | 222.23M | 717.55M | 31.25M |
| Interest Expense | -17.00M | -16.92M | -15.47M | -30.05M | -52.11M | -56.35M |
| Interest & Investment Income | 772.00K | 2.27M | 253.00K | |||
| Currency Exchange Gain (Loss) | 9.61M | -23.89M | 13.56M | -7.55M | -9.99M | -2.39M |
| Other Non Operating Income (Expenses) | 1.20M | 1.20M | -2.46M | -3.32M | -8.91M | -92.84M |
| EBT Excluding Unusual Items | -24.94M | -155.58M | 76.87M | 181.31M | 648.81M | -120.07M |
| Gain (Loss) on Sale of Investments | -1.58M | -1.58M | 608.00K | 478.00K | -373.00K | |
| Asset Writedown | -17.76M | -17.49M | -40.42M | -25.77M | -57.00M | 510.00K |
| Pretax Income | -44.28M | -174.64M | 37.05M | 156.02M | 591.81M | -119.94M |
| Income Tax Expense | 1.57M | 2.47M | 16.25M | 57.54M | 147.98M | -4.56M |
| Earnings From Continuing Operations | -45.85M | -177.11M | 20.80M | 98.48M | 443.83M | -115.37M |
| Net Income to Company | -45.85M | -177.11M | 20.80M | 98.48M | 443.83M | -115.37M |
| Minority Interest in Earnings | 5.40M | 6.41M | 2.74M | -15.82M | -3.51M | 4.75M |
| Net Income | -40.45M | -170.70M | 23.54M | 82.66M | 440.31M | -110.62M |
| Net Income to Common | -40.45M | -170.70M | 23.54M | 82.66M | 440.31M | -110.62M |
| Shares Outstanding (Basic) | 188.21M | 188.36M | 188.14M | 187.87M | 187.82M | 176.51M |
| Shares Outstanding (Diluted) | 188.21M | 188.36M | 188.81M | 190.29M | 189.63M | 176.51M |
| EPS (Basic) | -0.21 | -0.91 | 0.13 | 0.44 | 2.34 | -0.63 |
| EPS (Diluted) | -0.22 | -0.91 | 0.12 | 0.43 | 2.32 | -0.63 |
| Free Cash Flow | -11.52M | -10.24M | 167.09M | 94.69M | 352.87M | -28.94M |
| Free Cash Flow Per Share | -0.06 | -0.05 | 0.89 | 0.50 | 1.86 | -0.16 |
| Dividend Per Share | 0.06 | 0.06 | 0.05 | |||
| Gross Margin | 37.07% | 30.08% | 37.52% | 46.71% | 50.53% | 33.39% |
| Operating Margin | -1.43% | -8.69% | 4.94% | 13.47% | 27.62% | 1.76% |
| Profit Margin | -2.96% | -12.78% | 1.43% | 5.01% | 16.95% | -6.22% |
| Free Cash Flow Margin | -0.84% | -0.77% | 10.16% | 5.74% | 13.58% | -1.63% |
| EBITDA | 55.08M | -37.69M | 152.95M | 295.76M | 799.11M | 128.58M |
| EBITDA Margin | 4.03% | -2.82% | 9.30% | 17.93% | 30.76% | 7.23% |
| D&A For EBITDA | 74.60M | 78.28M | 71.72M | 73.53M | 81.56M | 97.33M |
| EBIT | -19.52M | -115.97M | 81.23M | 222.23M | 717.55M | 31.25M |
| EBIT Margin | -1.43% | -8.69% | 4.94% | 13.47% | 27.62% | 1.76% |
| Effective Tax Rate | 43.86% | 36.88% | 25.00% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 93.08M | 122.81M | 132.97M | 136.47M | 317.94M | 114.39M |
| Short-Term Investments | 6.00K | 11.10M | 5.57M | 2.00K | 3.00K | 104.00K |
| Cash & Short-Term Investments | 93.08M | 133.92M | 138.54M | 136.47M | 317.94M | 114.50M |
| Accounts Receivable | 220.99M | 191.54M | 188.82M | 220.33M | 294.49M | 321.93M |
| Other Receivables | 86.99M | 80.23M | 90.80M | 105.89M | 137.09M | 66.80M |
| Receivables | 307.98M | 271.76M | 279.61M | 328.99M | 434.25M | 391.57M |
| Inventory | 321.44M | 306.16M | 347.14M | 383.84M | 500.08M | 289.80M |
| Prepaid Expenses | 7.65M | 6.89M | 5.69M | 5.92M | 3.21M | |
| Restricted Cash | 153.00K | 175.00K | 298.00K | 1.18M | 2.88M | |
| Other Current Assets | 28.55M | 14.06M | 45.13M | 180.78M | 25.75M | 5.20M |
| Total Current Assets | 751.20M | 733.73M | 817.60M | 1.04B | 1.29B | 804.27M |
| Property, Plant & Equipment | 487.03M | 486.68M | 487.20M | 501.40M | 486.25M | 440.95M |
| Long-Term Investments | 71.72M | 26.72M | 19.45M | 14.07M | 14.19M | 4.09M |
| Goodwill | 12.47M | 12.47M | 14.22M | 29.70M | 29.70M | 29.70M |
| Other Intangible Assets | 203.82M | 132.68M | 103.09M | 138.34M | 111.80M | 100.64M |
| Long-Term Deferred Tax Assets | 6.58M | 8.76M | 7.14M | 7.01M | ||
| Other Long-Term Assets | 23.26M | 23.20M | 24.30M | 29.54M | 21.95M | 136.67M |
| Total Assets | 1.55B | 1.42B | 1.47B | 1.76B | 1.96B | 1.52B |
| Accounts Payable | 227.68M | 144.70M | 157.89M | 182.95M | 219.01M | 214.81M |
| Accrued Expenses | 2.05M | 48.72M | 65.46M | 95.56M | 96.80M | 54.89M |
| Short-Term Debt | 36.86M | 35.06M | 30.68M | 60.98M | 93.09M | |
| Current Portion of Long-Term Debt | 125.39M | 80.44M | 66.44M | 20.47M | 74.25M | 100.03M |
| Current Portion of Leases | 12.31M | 12.25M | 12.87M | 11.77M | 8.93M | 8.39M |
| Current Income Taxes Payable | 4.05M | 970.00K | 10.62M | 8.35M | 53.23M | 1.77M |
| Current Unearned Revenue | 3.25M | 2.59M | ||||
| Other Current Liabilities | 211.91M | 117.35M | 100.27M | 144.23M | 162.05M | 178.06M |
| Total Current Liabilities | 583.39M | 441.29M | 448.61M | 494.00M | 678.50M | 653.63M |
| Long-Term Debt | 60.01M | 82.17M | 38.51M | 227.62M | 384.71M | 413.16M |
| Long-Term Leases | 53.11M | 57.43M | 56.59M | 54.48M | 12.94M | 9.97M |
| Long-Term Unearned Revenue | 61.00M | 26.39M | 8.01M | 26.98M | 37.26M | 25.32M |
| Pension & Post-Retirement Benefits | 28.50M | 28.90M | 27.62M | 29.80M | 25.55M | 41.24M |
| Long-Term Deferred Tax Liabilities | 5.88M | 11.01M | 19.63M | 32.58M | 35.85M | 25.14M |
| Other Long-Term Liabilities | 39.72M | 76.03M | 39.23M | 23.41M | 26.22M | 34.85M |
| Total Liabilities | 831.60M | 723.22M | 638.20M | 888.88M | 1.20B | 1.20B |
| Common Stock | 717.89M | 1.96M | 1.96M | 1.96M | 1.96M | 1.96M |
| Additional Paid-In Capital | 86.22M | 86.22M | 86.22M | 86.22M | ||
| Retained Earnings | -170.70M | 23.54M | 82.66M | 440.31M | -110.62M | |
| Treasury Stock | -19.05M | -14.36M | -11.93M | |||
| Comprehensive Income & Other | 697.18M | 623.15M | 589.15M | 121.57M | 322.64M | |
| Total Common Equity | 717.89M | 595.62M | 720.51M | 748.06M | 650.06M | 213.98M |
| Minority Interest | 96.64M | 113.74M | 121.83M | 106.75M | 106.05M | |
| Shareholders' Equity | 717.89M | 692.26M | 834.25M | 869.89M | 756.81M | 320.03M |
| Total Liabilities & Equity | 1.55B | 1.42B | 1.47B | 1.76B | 1.96B | 1.52B |
| Total Debt | 250.82M | 269.15M | 209.47M | 345.02M | 541.81M | 624.63M |
| Net Cash (Debt) | -157.74M | -135.24M | -70.93M | -208.55M | -223.87M | -510.14M |
| Net Cash Per Share | -0.84 | -0.72 | -0.38 | -1.10 | -1.18 | -2.89 |
| Filing Date Shares Outstanding | 188.28M | 186.86M | 186.63M | 187.89M | 187.43M | 187.31M |
| Total Common Shares Outstanding | 188.28M | 186.86M | 187.35M | 187.44M | 187.43M | 187.31M |
| Working Capital | 167.81M | 292.44M | 368.99M | 542.96M | 608.32M | 150.65M |
| Book Value Per Share | 3.81 | 3.19 | 3.85 | 3.99 | 3.47 | 1.14 |
| Tangible Book Value | 501.60M | 450.46M | 603.19M | 580.01M | 508.56M | 83.63M |
| Tangible Book Value Per Share | 2.66 | 2.41 | 3.22 | 3.09 | 2.71 | 0.45 |
| Land | 205.96M | 191.73M | 181.04M | 175.49M | 197.21M | |
| Machinery | 1.19B | 1.09B | 1.20B | 1.13B | 1.21B | |
| Construction In Progress | 47.63M | 43.96M | 145.21M | 133.07M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -40.45M | -170.70M | 23.54M | 82.66M | 440.31M | -110.62M |
| Depreciation & Amortization | 81.27M | 84.95M | 75.46M | 73.53M | 81.56M | 97.33M |
| Loss (Gain) From Sale of Assets | 478.00K | -1.10M | -555.00K | 29.00K | 19.00K | -2.21M |
| Asset Writedown & Restructuring Costs | 17.76M | 17.49M | 43.05M | 25.29M | 57.00M | -510.00K |
| Loss (Gain) From Sale of Investments | 373.00K | |||||
| Stock-Based Compensation | -868.00K | 1.81M | 4.92M | 7.40M | 5.84M | 3.63M |
| Other Operating Activities | -3.65M | 92.11M | 21.20M | 14.66M | 141.98M | 162.54M |
| Change in Accounts Receivable | -4.11M | 13.41M | 22.77M | 80.77M | -72.56M | -161.43M |
| Change in Inventory | -13.08M | 43.76M | 47.00K | 102.18M | -220.82M | -60.30M |
| Change in Accounts Payable | 6.43M | -28.68M | -17.25M | -70.57M | 30.64M | 64.38M |
| Change in Other Net Operating Assets | 4.09M | -1.59M | 70.08M | -137.57M | -58.95M | 5.48M |
| Operating Cash Flow | 47.87M | 51.46M | 243.26M | 178.37M | 405.02M | -1.34M |
| Capital Expenditures | -59.39M | -61.70M | -76.17M | -83.68M | -52.15M | -27.60M |
| Sale (Purchase) of Intangibles | -1.40M | -1.56M | -3.02M | -2.79M | -1.15M | |
| Investment in Securities | -7.00M | -15.12M | -3.00M | |||
| Other Investing Activities | 5.59M | 5.25M | 15.25M | 4.66M | 1.52M | 3.75M |
| Investing Cash Flow | -62.20M | -73.13M | -66.94M | -81.81M | -51.77M | -23.85M |
| Long-Term Debt Issued | 572.51M | 525.50M | 432.27M | 936.88M | 719.08M | |
| Long-Term Debt Repaid | -542.73M | -659.55M | -650.55M | -1.02B | -682.70M | |
| Lease Payments | -17.67M | -16.18M | -16.20M | -14.97M | -11.59M | -11.23M |
| Net Debt Issued (Repaid) | -3.92M | 29.78M | -134.06M | -218.27M | -79.46M | 36.38M |
| Issuance of Common Stock | 40.00M | |||||
| Repurchase of Common Stock | -20.00K | -4.69M | -2.43M | |||
| Common Dividends Paid | -10.83M | -10.45M | -9.76M | |||
| Other Financing Activities | -11.56M | -11.17M | -29.27M | -63.87M | -61.00M | -65.93M |
| Financing Cash Flow | -26.34M | 3.46M | -175.51M | -282.15M | -140.46M | 10.45M |
| Foreign Exchange Rate Adjustments | -1.65M | 7.92M | -5.19M | 287.00K | -6.51M | -157.00K |
| Net Cash Flow | -42.31M | -10.28M | -4.38M | -185.29M | 206.28M | -14.89M |
| Free Cash Flow | -11.52M | -10.24M | 167.09M | 94.69M | 352.87M | -28.94M |
| Free Cash Flow Margin | -0.84% | -0.77% | 10.16% | 5.74% | 13.58% | -1.63% |
| Free Cash Flow Per Share | -0.06 | -0.05 | 0.89 | 0.50 | 1.86 | -0.16 |
| Levered Free Cash Flow | 66.60M | -2.81M | 166.89M | 79.72M | 253.22M | 97.30M |
| Unlevered Free Cash Flow | 77.23M | 7.77M | 176.56M | 98.50M | 285.79M | 132.52M |
| Free Cash Flow After Leases | -29.19M | -26.42M | 150.89M | 79.73M | 341.28M | -40.17M |
| Cash Interest Paid | 11.24M | 12.55M | 26.19M | 42.21M | 60.82M | 22.18M |
| Cash Income Tax Paid | 10.33M | 15.80M | 113.31M | 80.52M | 3.79M | |
| Change in Working Capital | -6.67M | 26.90M | 75.64M | -25.20M | -321.69M | -151.87M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 721.28M | 865.94M | 713.96M | 1.22B | 721.16M | 1.16B |
| Enterprise Value | 879.02M | 982.23M | 809.20M | 1.37B | 1.00B | 1.68B |
| Last Close Price | 3.86 | 4.59 | 3.71 | 6.28 | 3.71 | 5.99 |
| PE Ratio | 30.33 | 14.76 | 1.64 | |||
| Forward PE | 22.71 | 23.25 | 11.01 | 8.80 | 3.77 | 5.52 |
| PS Ratio | 0.53 | 0.65 | 0.43 | 0.74 | 0.28 | 0.65 |
| PB Ratio | 1.01 | 1.25 | 0.86 | 1.40 | 0.95 | 3.63 |
| P/TBV Ratio | 1.44 | 1.92 | 1.18 | 2.10 | 1.42 | 13.89 |
| P/FCF Ratio | 4.27 | 12.89 | 2.04 | |||
| P/OCF Ratio | 15.07 | 16.83 | 2.94 | 6.84 | 1.78 | |
| EV/Sales Ratio | 0.64 | 0.74 | 0.49 | 0.83 | 0.39 | 0.94 |
| EV/EBITDA Ratio | 15.96 | 5.29 | 4.65 | 1.25 | 13.03 | |
| EV/EBIT Ratio | 9.96 | 6.19 | 1.40 | 53.62 | ||
| EV/FCF Ratio | 4.84 | 14.52 | 2.84 | |||
| Debt / Equity Ratio | 0.35 | 0.39 | 0.25 | 0.40 | 0.72 | 1.95 |
| Debt / EBITDA Ratio | 4.06 | 1.34 | 1.17 | 0.68 | 4.86 | |
| Debt / FCF Ratio | 1.25 | 3.64 | 1.53 | |||
| Net Debt / Equity Ratio | 0.22 | 0.20 | 0.09 | 0.24 | 0.30 | 1.59 |
| Net Debt / EBITDA Ratio | 2.86 | -3.59 | 0.46 | 0.70 | 0.28 | 3.97 |
| Net Debt / FCF Ratio | -13.69 | -13.21 | 0.42 | 2.20 | 0.63 | -17.63 |
| Asset Turnover | 0.85 | 0.93 | 1.02 | 0.89 | 1.49 | 1.24 |
| Inventory Turnover | 2.66 | 2.86 | 2.81 | 1.99 | 3.25 | 4.42 |
| Quick Ratio | 0.69 | 0.92 | 0.93 | 0.94 | 1.10 | 0.77 |
| Current Ratio | 1.29 | 1.66 | 1.82 | 2.10 | 1.90 | 1.23 |
| Return on Equity (ROE) | -5.99% | -23.21% | 2.44% | 12.11% | 82.43% | -33.65% |
| Return on Assets (ROA) | -0.76% | -5.02% | 3.14% | 7.47% | 25.77% | 1.36% |
| Return on Invested Capital (ROIC) | -2.27% | -13.39% | 4.60% | 13.62% | 59.43% | 3.80% |
| Return on Capital Employed (ROCE) | -2.00% | -11.90% | 7.90% | 17.60% | 56.10% | 3.60% |
| Earnings Yield | -5.67% | -19.71% | 3.30% | 6.78% | 61.06% | -9.52% |
| FCF Yield | -1.60% | -1.18% | 23.40% | 7.76% | 48.93% | -2.49% |
| Dividend Yield | 1.55% | 1.21% | 1.36% | |||
| Payout Ratio | 41.46% | |||||
| Buyback Yield / Dilution | -0.21% | 0.24% | 0.78% | -0.35% | -7.43% | -4.28% |
| Total Shareholder Return | 1.34% | 1.44% | 2.14% | -0.35% | -7.43% | -4.28% |