Ferroglobe PLC key statistics and ratios

In fiscal 2025, Ferroglobe PLC had return on equity of -25.9%, an operating margin of -10.0%, debt equal to 23.5% of equity and a current ratio of 1.66. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Ferroglobe PLC: financial ratios, annual
Fiscal year	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Gross margin	37.8%	33.8%	40.1%	35.5%	24.8%	27.0%	—	—	—	—	—
Operating margin	−1.1%	−23.7%	2.4%	4.4%	−22.0%	−16.1%	1.8%	25.4%	11.9%	2.3%	−10.0%
Net margin	−3.3%	−21.5%	−0.0%	1.9%	−17.4%	−21.5%	−6.2%	16.9%	5.0%	1.4%	−12.8%
Free-cash-flow margin	5.8%	3.2%	4.3%	0.5%	−3.9%	10.8%	−1.6%	13.6%	5.7%	10.2%	−0.8%
Return on equity	−3.3%	−70.8%	—	—	—	—	−32.3%	90.8%	11.8%	3.2%	−25.9%
Return on assets	—	−16.8%	−0.0%	2.1%	−14.5%	−16.0%	−7.7%	25.3%	4.4%	1.5%	−11.8%
Asset turnover	—	0.78	0.87	1.09	0.84	0.74	1.24	1.49	0.89	1.02	0.92
Current ratio	—	1.37	1.54	1.77	2.06	1.52	1.23	1.90	2.10	1.82	1.66
Debt to equity	0.0%	—	—	323.0%	—	29.4%	30.9%	12.0%	6.2%	7.9%	23.5%
Interest cover (operating income ÷ interest)	n/m	n/m	2.6x	11.8x	n/m	n/m	2.3x	59.7x	35.7x	2.9x	n/m
Effective tax rate	—	—	—	57.5%	—	—	—	25.0%	36.9%	43.9%	—
Capital spending as % of revenue	5.2%	4.5%	4.3%	4.7%	2.0%	2.6%	1.6%	2.0%	5.1%	4.6%	4.6%
Free cash flow ÷ net income	—	—	—	24.4%	—	—	—	80.1%	114.6%	709.9%	—
Dividends ÷ net income	—	—	—	47.3%	—	—	—	—	—	41.5%	—
Dividends and buybacks ÷ free cash flow	27.9%	109.9%	—	382.2%	—	—	—	—	—	7.3%	—

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

3 of 6 checks passed · December 31, 2025

What it owns · $1.4bn

Short-term assets $734mLonger-term assets $682m

What it owes, and who funded it · $1.0bn

Short-term liabilities $441mShareholders' equity $596m

Short-term assets cover short-term liabilities $734m of assets due within a year against $441m of liabilities due within a year.
Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
More cash than debt $123m of cash against $140m of debt.
Debt below 40% of shareholders' equity Debt is 24% of equity.
Debt burden no higher than five years ago Debt to equity moved from 1% to 24% over five years.
A year's operating cash flow covers at least 20% of debt $51m of operating cash flow against $140m of debt.
Operating profit covers interest at least five times over Operating income of −$133m against $15m of interest.

From Ferroglobe PLC's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Ferroglobe PLC's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Ferroglobe PLC.