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Ferroglobe vs Nexa Resources: revenue, profit, margins and growth compared

Ferroglobe brought in $1.3B of revenue in fiscal 2025, Nexa Resources $3B in fiscal 2025. Revenue changed by -18.8% at Ferroglobe and +8.5% at Nexa Resources on the year before, so Nexa Resources grew faster. Ferroglobe kept -12.8% of its revenue as net profit, Nexa Resources 4.4%. Free cash flow was -$10.2M at Ferroglobe and $13.1M at Nexa Resources.

Side by side, latest fiscal year

GSMNEXA
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.3B$3B
Revenue growth-18.8%+8.5%
Net income-$170.7M$132.6M
Net margin-12.8%4.4%
Free cash flow-$10.2M$13.1M
Free cash flow margin-0.8%0.4%
Earnings per share (diluted)-$0.91$1.00
Cash$122.8M$515.9M
Debt$140M$1.7B
Price to earningsn/an/a
Market value$760.5M$1.6B
Dividend yieldn/an/a
Rank by revenue in sector#34 of 71 · Basic materials#16 of 71 · Basic materials

Over the years

Revenue
GSM FY2018: $2.2BGSM FY2019: $1.6BGSM FY2020: $1.1BGSM FY2021: $1.8BGSM FY2022: $2.6BGSM FY2023: $1.7BGSM FY2024: $1.6BGSM FY2025: $1.3BNEXA FY2018: $2.5BNEXA FY2019: $2.3BNEXA FY2020: $2BNEXA FY2021: $2.6BNEXA FY2022: $3BNEXA FY2023: $2.6BNEXA FY2024: $2.8BNEXA FY2025: $3BFY18FY19FY20FY21FY22FY23FY24FY25
GSM $1.3BNEXA $3B
Net income
GSM FY2018: $43.7MGSM FY2019: -$280.6MGSM FY2020: -$246.3MGSM FY2021: -$110.6MGSM FY2022: $440.3MGSM FY2023: $82.7MGSM FY2024: $23.5MGSM FY2025: -$170.7MNEXA FY2018: $77MNEXA FY2019: -$145.1MNEXA FY2020: -$559.2MNEXA FY2021: $114.3MNEXA FY2022: $49.7MNEXA FY2023: -$292MNEXA FY2024: -$205MNEXA FY2025: $132.6MFY18FY19FY20FY21FY22FY23FY24FY25
GSM -$170.7MNEXA $132.6M
Net margin
GSM FY2018: 1.9%GSM FY2019: -17.4%GSM FY2020: -21.5%GSM FY2021: -6.2%GSM FY2022: 16.9%GSM FY2023: 5.0%GSM FY2024: 1.4%GSM FY2025: -12.8%NEXA FY2018: 3.1%NEXA FY2019: -6.2%NEXA FY2020: -28.7%NEXA FY2021: 4.4%NEXA FY2022: 1.6%NEXA FY2023: -11.3%NEXA FY2024: -7.4%NEXA FY2025: 4.4%FY18FY19FY20FY21FY22FY23FY24FY25
GSM -12.8%NEXA 4.4%
Revenue growth
GSM FY2019: -28.0%GSM FY2020: -29.1%GSM FY2021: +55.4%GSM FY2022: +46.0%GSM FY2023: -36.5%GSM FY2024: -0.4%GSM FY2025: -18.8%NEXA FY2019: -6.4%NEXA FY2020: -16.4%NEXA FY2021: +34.4%NEXA FY2022: +15.7%NEXA FY2023: -15.2%NEXA FY2024: +7.5%NEXA FY2025: +8.5%FY19FY20FY21FY22FY23FY24FY25
GSM -18.8%NEXA +8.5%
Free cash flow
GSM FY2018: $10.7MGSM FY2019: -$63.6MGSM FY2020: $124MGSM FY2021: -$28.9MGSM FY2022: $352.9MGSM FY2023: $94.7MGSM FY2024: $167.1MGSM FY2025: -$10.2MNEXA FY2018: $47.8MNEXA FY2019: -$273.8MNEXA FY2020: -$32MNEXA FY2021: $7.8MNEXA FY2022: -$113.5MNEXA FY2023: -$54MNEXA FY2024: $92.4MNEXA FY2025: $13.1MFY18FY19FY20FY21FY22FY23FY24FY25
GSM -$10.2MNEXA $13.1M

Fiscal years as each company reports them; the two may end in different months.

Questions about Ferroglobe and Nexa Resources

Which is bigger by revenue, Ferroglobe or Nexa Resources?

Nexa Resources is bigger by revenue: $3B in fiscal 2025, against $1.3B for Ferroglobe in fiscal 2025.

Which keeps more of its revenue as profit, Ferroglobe or Nexa Resources?

Ferroglobe had a net margin of -12.8% in fiscal 2025; Nexa Resources had 4.4% in fiscal 2025.

Which grew revenue faster, Ferroglobe or Nexa Resources?

In their latest fiscal years revenue changed by -18.8% at Ferroglobe and +8.5% at Nexa Resources.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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