Metso Oyj OUKPY

IndustrialsMachinery, Tools, Heavy Vehicles, Trains & ShipsFinland

Last close 9.26 USD on Nov 1, 2026, +8.2% year to date

Quant rating

Quant rating A Rank 39 of 418 in Industrials

Growth B 149 of 418
Valuation C 278 of 418
Quality A 49 of 418
Revisions B 72 of 418
Momentum B 69 of 418

Wall Street consensus Buy (2.38)Average target 20.77 USD +124.3%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 15.5B
Enterprise value: 16.9B
52-week range: 7.36 – 11.24
3-year range: 4.07 – 11.24
Dividend yield: 2.46%
Beta (5 years): 1.33
Shares outstanding: 829M
Next earnings: Feb 19, 2027

About the company

Metso Oyj, formerly Metso Outotec Oyj, is a Finland-based company that provides process solutions, technologies, and services for the mining and metallurgical industries globally. The Company has five business areas: Aggregates, providing crushing and screening equipment for the production of the aggregates needed in construction and infrastructure projects; Minerals, providing equipment, process islands and plants for minerals processing, and hydrometallurgical solutions for the recovery of metals; Metals, providing processing solutions and equipment for metals refining and chemical processes; Services, providing spare parts, refurbishments and professional services for mining, metals and aggregates customers; and Consumables, providing a comprehensive offering of wear parts for mining, metals and aggregates processes.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	6,154	5,203	5,948	5,319	4,815	–
Revenue growth	18.3%	−12.5%	11.8%	10.5%	18.8%	8.7%
EPS (basic, normalized)	0.63	0.43	0.73	0.60	0.54	–
EPS growth	46.3%	−41.4%	22.7%	11.4%	–	–
Gross margin	32.0%	33.2%	31.6%	26.7%	27.8%	30.3%
Net margin	9.2%	10.1%	9.9%	6.4%	6.9%	8.5%
ROE	18.3%	19.4%	21.6%	13.8%	13.7%	17.4%

Balance sheet, last quarter
Cash & short-term investments (mil)	504
Current ratio	1.47x
Long-term debt (mil)	1,663
Net debt (mil)	1,351
Total equity (mil)	3,083
Net debt / equity	0.44x
Net debt / EBITDA	1.31x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	6,154	+18.3%	2.7x	1,028	+9.4%	16.4x	0.63	+46.3%	14.7x
2026	6,210	+0.9%	2.7x	1,136	+10.5%	14.9x	0.80	+27.7%	11.5x
2027	6,925	+11.5%	2.4x	1,337	+17.7%	12.6x	0.98	+21.7%	9.5x
2028	7,508	+8.4%	2.2x	1,492	+11.6%	11.3x	1.12	+14.8%	8.3x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	6,210	−1.1%	−1.1%	−1.1%	0.80	−2.1%	−2.2%	−1.8%
2027	6,925	+0.8%	+1.3%	+2.2%	0.98	+1.5%	+1.5%	+3.1%
2028	7,508	+1.5%	+2.2%	+4.0%	1.12	+2.6%	+3.1%	+6.1%

Earnings surprises EPS beat in 2 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	1,217	1,214	1,160	1,272	1,173	1,213	1,328	1,443	1,252	1,334
Sales mean (mil)	1,289	1,317	1,224	1,247	1,227	1,224	1,240	1,381	1,286	1,368
Surprise	−5.6%	−7.8%	−5.2%	+2.0%	−4.4%	−0.9%	+7.1%	+4.5%	−2.6%	−2.5%
EPS reported	0.14	0.15	0.15	0.21	0.15	0.16	0.17	0.15	0.15	0.19
EPS mean	0.15	0.17	0.16	0.16	0.16	0.15	0.16	0.17	0.16	0.18
Surprise	−9.3%	−14.0%	−6.2%	+35.7%	−4.6%	+9.7%	+3.5%	−14.2%	−6.5%	+7.8%

Peer comparison Machinery, Tools, Heavy Vehicles, Trains & Ships

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
OUKPY Metso Oyj	15.5B	1.31x	9.2%	5.10x	11.5x	9.5x	14.9x	12.6x
KNRRY Knorr Bremse AG	16.3B	1.33x	6.8%	4.31x	4.9x	4.2x	10.6x	9.6x
IHICY IHI Corporation	16.0B	1.92x	9.8%	3.55x	13.6x	14.7x	8.6x	9.0x
SWK Stanley Black & Decker, Inc.	15.6B	2.54x	2.7%	1.74x	18.4x	16.4x	11.2x	10.4x
LECO Lincoln Electric Holdings, Inc.	15.0B	1.03x	12.3%	9.65x	24.1x	21.6x	16.4x	15.1x
RBC RBC Bearings Incorporated	14.6B	1.14x	15.4%	4.23x	31.2x	27.9x	22.0x	19.8x
Mean		1.55x	9.4%	4.76x	17.3x	15.7x	14.0x	12.8x
Median		1.32x	9.5%	4.27x	16.0x	15.5x	13.1x	11.5x

Technical analysis

1M−2.1%
3M+4.0%
1Y+14.8%
3Y+143.2%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Metso Oyj, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	6,154	5,203	5,948	5,319	4,815	4,053
Cost of revenue	4,182	3,474	4,069	3,898	3,476	2,967
Gross profit	1,972	1,729	1,879	1,421	1,339	1,087
Selling, general & administrative expenses	905	749	821	725	683	655
Research & development	106	97.3	60.7	43.9	65.9	55.0
Depreciation/amortization	136	92.1	85.0	87.8	88.7	72.1
Interest expense (income), operating	174	192	15.5	47.1	15.9	11.0
Unusual expense (income)	11.3	6.8	3.0	0	15.9	0
Other operating expenses	−223	−183	5.5	−6.4	−13.6	2.4
Operating income	863	775	888	524	483	292
Net interest income (expense)	−83.4	−53.8	−67.3	−58.9	−27.3	−30.5
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−32.9	−28.0	−22.1	−9.6	−18.2	−15.9
Net income before taxes	747	694	799	456	438	245
Provision for taxes	176	169	206	116	105	63.5
Minority interest	−4.7	−1.0	−2.2	0	0	0
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	566	524	590	340	333	182
Extraordinary items	−69.3	−183	8.8	−19.3	54.6	−13.4
Net income	497	341	599	321	388	169
EBIT, normalized	1,093	985	934	745	588	391
EBITDA, normalized	1,313	1,150	1,101	904	771	583
Basic EPS, normalized	0.63	0.43	0.73	0.60	0.54	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Metso Oyj, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	588	446	704	643	538	656
Receivables	1,825	1,448	1,633	1,496	1,360	1,226
Total inventory	2,235	1,967	2,153	1,976	1,443	1,268
Prepaid expenses	106	66.3	76.1	73.8	51.2	42.7
Other current assets	28.2	33.1	40.8	89.9	51.2	53.7
Total current assets	4,783	3,961	4,608	4,279	3,442	3,246
Property, plant & equipment	860	709	647	559	568	596
Goodwill	1,500	1,163	1,211	1,207	1,278	1,365
Intangibles	953	832	871	903	998	1,150
Long-term investments	1.2	5.2	5.5	8.6	12.5	17.1
Note receivable	35.2	28.0	24.3	26.8	50.0	59.8
Other long-term assets	343	564	532	245	279	364
Total assets	8,474	7,263	7,897	7,228	6,628	6,799
Liabilities
Accounts payable	788	602	745	842	787	658
Payable/accrued	–	–	–	–	–	–
Accrued expenses	341	241	335	675	570	482
Short-term debt	0	30.0	0	85.6	0	73.3
Current portion of long-term debt	164	184	303	136	252	61.1
Other current liabilities	1,902	1,480	1,658	1,401	1,152	789
Total current liabilities	3,195	2,538	3,042	3,140	2,760	2,064
Long-term debt	1,708	1,448	1,383	1,161	831	1,508
Minority interest	16.4	10.4	11.0	7.5	1.1	3.7
Other liabilities	429	574	584	412	477	735
Total liabilities	5,347	4,570	5,019	4,721	4,070	4,311
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	126	111	118	115	122	131
Additional paid-in capital	23.5	20.7	22.1	21.4	22.7	24.4
Retained earnings (accumulated deficit)	3,279	2,781	2,938	2,531	2,599	2,588
Treasury stock	−11.7	−13.5	−25.4	–	–	–
Other equity	−290	−206	−174	−159	−185	−255
Total equity	3,127	2,693	2,878	2,507	2,558	2,488
Total liabilities & shareholders' equity	8,474	7,263	7,897	7,228	6,628	6,799

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Metso Oyj, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	571	503	593	352	334	169
Depreciation, depletion & amortization	218	171	174	167	190	195
Deferred taxes	–	–	–	–	–	–
Non-cash items	272	46.6	333	228	201	117
Changes in working capital	−147	−377	−767	−611	−148	111
Cash from operations	915	344	333	136	577	592
Investing activities
Capital expenditures	−179	−195	−188	−122	−103	−107
Other investing cash flows	−147	−37.3	−8.8	−19.3	109	365
Cash from investing	−325	−232	−196	−141	5.7	258
Financing activities
Financing cash flow items	−1.2	–	1.1	−1.1	–	−1.2
Cash dividends paid	−370	−309	−274	−212	−189	−219
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−102	−17.6	189	349	−483	−158
Cash from financing	−473	−326	−83.9	136	−672	−377
Foreign exchange effects	−22.3	0	−11.0	5.4	15.9	−7.3
Net change in cash	94.0	−214	41.9	136	−72.8	465
Free cash flow	736	149	146	13.9	474	485

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.