GSMNasdaqMetal MiningFiscal year ends December 31
Ferroglobe PLC
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Mar 26, 2026
$4.20+0.17 (+4.22%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2014 to 2025
Gross margin
–
Operating margin
-10.0%+6.1 pts over 5 years
Net margin
-12.8%+8.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -18.8% | -19.9% | +3.1% | +0.1% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | -25.9% | |
| Return on assets | – | -16.0% | -11.8% | |
| Current ratio | 1.37 | 1.52 | 1.66 | |
| Debt to equity | -1.24 | – | 0.24 | |
| Net debt to EBITDA | – | – | -0.35× | |
| Interest coverage | -12.3× | -2.8× | -6.4× | |
| Capex to revenue | 4.5% | 2.6% | 4.6% | |
| Diluted shares | 172M | 169M | 188M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Ferroglobe generated $879.45M from operations and spent $337.93M on capital expenditure, dividends and share buybacks. 89% of that went back into the business.
Generated
$879.45M
Used
$337.93M
Capital expenditure$301.29M89%Dividends$29.52M9%Share buybacks$7.12M2%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-12.8%
×Asset turnover0.92×
×Equity multiplier2.19×
=Return on equity, FY2025-25.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -12.8% | 0.92× | 2.19× | -25.9% |
| FY2024 | 1.4% | 1.02× | 2.20× | 3.2% |
| FY2023 | 5.0% | 0.89× | 2.66× | 11.8% |
| FY2019 | -17.4% | 0.84× | -16.28× | 236.9% |
| FY2018 | 1.9% | 1.09× | 95.95× | 203.2% |
| FY2017 | -0.0% | 0.86× | -11.85× | 0.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$170.70M
- Cash generatingOperating cash flow above zero$51.46M
- Return on assets improvedROA up on the prior year1.3% → -11.6%
- Earnings backed by cashOperating cash flow above net income$51.46M vs -$170.70M
- Less leverageLong-term debt to assets fell0.9% → 4.2%
- Better liquidityCurrent ratio rose1.82 → 1.66
- No dilutionShare count did not rise189M → 188M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.93 → 0.91