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Financials · GSM

Ferroglobe PLC (GSM) financials

For fiscal 2025 (ended Dec 31, 2025), Ferroglobe PLC reported $1.34B of revenue and -$170.70M of net income.

Revenue, FY2025
$1.34B
Revenue growth, YoY
-18.8%
Net income, FY2025
-$170.70M
Net margin
-12.8%
Free cash flow, FY2025
-$10.24M
EPS, diluted, FY2025
-$0.91
Cash
$122.81M
Total debt
$60.14M
P/S
0.37
Market cap
$490.5M
Annual revenue$1.34B
FY2016FY2025
Annual net income-$170.70M
FY2016FY2025
Annual free cash flow-$10.24M
FY2016FY2025

GSM revenue and earnings growth

GSM revenueFY2025$1.34B

FY YoY
-18.8%
5Y CAGR
+3.1%
10Y CAGR
+0.1%

GSM revenue was $1.34B for fiscal 2025 (ended Dec 31, 2025), down 18.8% from fiscal 2024. Compound annual growth was +3.1% over 5 years and +0.1% over 10 years. It rose in 5 of the last 10 fiscal years.

GSM net incomeFY2025-$170.70M

GSM net income was -$170.70M for fiscal 2025 (ended Dec 31, 2025), compared with $23.54M in fiscal 2024.

GSM EPSFY2025-$0.91

GSM diluted EPS was -$0.91 for fiscal 2025 (ended Dec 31, 2025), compared with $0.12 in fiscal 2024.

GSM free cash flowFY2025-$10.24M

GSM free cash flow was -$10.24M for fiscal 2025 (ended Dec 31, 2025), compared with $167.09M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$1.34B$1.64B$1.65B$2.60B$1.78B$1.14B$1.62B$2.24B$1.73B$1.58B
Cost of revenue-----$835.49M$1.21B$1.45B$1.04B$1.04B
Gross profit-----$308.95M$400.82M$795.33M$689.00M$532.63M
Operating income-$133.46M$38.18M$196.94M$660.55M$31.39M-$184.35M-$355.59M$99.07M$41.20M-$373.08M
Interest expense$20.77M$21.94M$38.79M$61.02M$149.19M$66.97M$63.23M$57.07M$59.97M$30.25M
Pre-tax income-$174.64M$37.05M$156.02M$591.81M-$119.94M-$222.42M-$411.82M$35.57M-$15.00M-$405.31M
Income tax$2.47M$16.25M$57.54M$147.98M-$4.56M$21.94M-$41.54M$20.46M-$14.22M-$46.70M
Net income-$170.70M$23.54M$82.66M$440.31M-$110.62M-$246.34M-$280.60M$43.66M-$678.0K-$338.43M
EPS, basic-$0.91$0.13$0.44$2.34-$0.63-$1.46-$1.66$0.25$0.00-$1.97
EPS, diluted-$0.91$0.12$0.43$2.32-$0.63-$1.46-$1.66$0.25$0.00-$1.97
Diluted shares188.4M188.8M190.3M189.6M176.5M169.3M169.2M171.5M171.9M171.8M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$122.81M$132.97M$136.47M$317.94M$114.39M$102.71M$94.85M$216.65M$184.47M$196.98M
Receivables--$310.24M$425.47M$381.07M$242.26M$309.06M$156.00M$111.46M$209.41M
Inventory$306.16M$347.14M$383.84M$500.08M------
Current assets$733.73M$817.60M$1.04B$1.29B$804.27M$657.24M$818.14M$882.58M$691.29M$861.67M
Goodwill$12.47M$14.22M$29.70M$29.70M$29.70M$29.70M$29.70M$202.85M$205.29M$230.21M
Total assets$1.42B$1.47B$1.76B$1.96B$1.52B$1.35B$1.73B$2.12B$2.00B$2.02B
Current liabilities$441.29M$448.61M$494.00M$678.50M$653.63M$432.79M$397.46M$499.08M$450.20M$626.76M
Short-term debt--------$1.00M$241.82M
Long-term debt$60.14M$13.91M$14.91M$15.77M$3.67M$5.28M$144.39M$132.82M-$179.47M
Total debt$60.14M$13.91M$14.91M$15.77M$3.67M$5.28M$144.39M$132.82M$1.00M$421.29M
Total liabilities$723.22M$638.20M$888.88M$1.20B$1.20B$981.43M$1.13B$1.24B$1.06B$1.13B
Shareholders' equity$595.62M$720.51M$869.89M$756.81M$320.03M$365.72M$602.30M$884.37M$937.76M$892.04M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$51.46M$243.26M$178.37M$405.02M-$1.34M$154.27M-$31.19M$116.80M$150.38M$121.17M
Capital expenditures$61.70M$76.17M$83.68M$52.15M$27.60M$30.26M$32.45M$106.14M$74.62M$71.12M
Free cash flow-$10.24M$167.09M$94.69M$352.87M-$28.94M$124.01M-$63.64M$10.66M$75.76M$50.05M
Investing cash flow-$73.13M-$66.94M-$81.81M-$51.77M-$23.85M-$31.94M$165.91M-$85.88M-$74.82M-$84.28M
Financing cash flow$3.46M-$175.51M-$282.15M-$140.46M$10.45M-$113.33M-$224.00M$10.29M-$113.40M$49.92M
Dividends paid$10.45M$9.76M-----$20.64M-$54.99M
Share repurchases$4.69M$2.43M-----$20.10M--
Stock-based compensation$1.81M$4.92M$7.40M$5.84M------
Depreciation and amortization$84.95M$75.46M$73.53M$81.56M------

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY-18.8%-0.4%-36.5%46.0%55.4%-29.1%-28.0%29.4%9.9%19.7%
Net income growth, YoY--71.5%-81.2%-------
EPS growth, YoY--72.1%-81.5%-------
Gross margin-----27.0%24.8%35.5%39.8%33.8%
Operating margin-10.0%2.3%11.9%25.4%1.8%-16.1%-22.0%4.4%2.4%-23.7%
Net margin-12.8%1.4%5.0%16.9%-6.2%-21.5%-17.4%1.9%-0.0%-21.5%
Free cash flow margin-0.8%10.2%5.7%13.6%-1.6%10.8%-3.9%0.5%4.4%3.2%
Return on equity-28.7%3.3%9.5%58.2%-34.6%-67.4%-46.6%4.9%-0.1%-37.9%
Return on assets-12.1%1.6%4.7%22.5%-7.3%-18.3%-16.2%2.1%-0.0%-16.8%
Current ratio1.661.822.101.901.231.522.061.771.541.37
Debt to equity0.100.020.020.020.010.010.240.150.000.47

Source: XBRL data Ferroglobe PLC files with the SEC, latest filing dated Mar 26, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

GSM peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
GSM$1.34B-18.8%-$170.70M-12.8%$490.5M
SCCO$17.11B+38.7%$6.36B37.2%$148.62B
RIO$57.64B+6.3%$9.97B17.3%$108.51B
FCX$26.46B+1.8%$3.44B13.0%$89.51B
VALE$38.40B+0.9%$2.35B6.1%$51.08B
HBM$2.21B+9.4%$568.50M25.7%$10.12B
BVN$1.73B+49.2%$782.14M45.2%$7.34B
AUGO$921.73M+55.1%-$79.34M-8.6%$7.29B
CLF$20.07B+7.8%-$473.00M-2.4%$7.00B

GSM FAQ

8 questions
  • What is GSM revenue?
    Ferroglobe PLC (GSM) reported $1.34B of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 18.8% from the year before.
  • Is GSM profitable?
    No. Ferroglobe PLC reported a net loss of $170.70M for fiscal 2025 (ended Dec 31, 2025).
  • How much cash and debt does GSM have?
    Ferroglobe PLC reported $122.81M in cash and cash equivalents and $60.14M of debt on its most recent balance sheet in SEC filings.
  • How fast is GSM revenue growing?
    Ferroglobe PLC's revenue changed -18.8% in fiscal 2025, to $1.34B. Its compound annual growth rate was +3.1% over 5 years and +0.1% over 10 years.
  • What is GSM free cash flow?
    Ferroglobe PLC generated -$10.24M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of $51.46M less capital expenditures.
  • What is GSM earnings per share?
    Diluted earnings per share were -$0.91 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
  • When did GSM last report financial results?
    The latest statements here come from Ferroglobe PLC's 20-F filed on Mar 26, 2026, covering the period ended Dec 31, 2025.
  • Where does this GSM financial data come from?
    Quantisnow builds these statements from the structured XBRL data Ferroglobe PLC files with the SEC. It is provided for information only and is not investment advice.