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Ferroglobe vs Sibanye Stillwater

Sibanye Stillwater is the larger business, with $7.26bn of revenue in fiscal 2025 against $1.34bn for Ferroglobe (5.4 times as much). Sibanye Stillwater grew faster (18.7% against -18.8%). Sibanye Stillwater kept more of each dollar of sales as profit: a net margin of -4.0% against -12.8%. Ferroglobe carries less debt relative to equity (23.5% against 109.4%).

Latest fiscal yearFerroglobeGSM, 2025Sibanye StillwaterSBSW, 2025
Revenue $1.34bn $7.26bn
Revenue growth -18.8% 18.7%
Net income −$171m −$290m
Operating margin -10.0% —
Net margin -12.8% -4.0%
Return on equity -25.9% -12.3%
Free cash flow −$10.2m $61.6m
Cash $123m $1.04bn
Total debt $140m $2.61bn
Debt to equity 23.5% 109.4%
Dividend per share — —
Dividend yield 1.4% —
Share buybacks $4.7m —
Employees — —
Market value $724m $6.04bn
Price vs our value range Within our value range —
Moat score — —
Insider trades, 12 months 2 buys, 1 sales 8 buys, 0 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.