NYSE : MTRN
Materion Corporation — Financial statements
Materials · Other Industrial Metals & Mining · United States
Last price 221.94 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 4.62B
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Financial statements
Materion Corporation (MTRN) reported revenue of 2.10B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 2.10B | 1.79B | 1.68B | 1.67B | 1.76B | 1.51B |
| Cost of Revenue | 1.76B | 1.48B | 1.36B | 1.32B | 1.41B | 1.23B |
| Gross Profit | 335.97M | 308.63M | 325.99M | 349.04M | 343.88M | 283.76M |
| Selling, General & Admin | 149.30M | 140.88M | 143.02M | 155.20M | 164.10M | 158.69M |
| Research & Development | 25.74M | 25.94M | 29.03M | 27.54M | 28.98M | 26.57M |
| Other Operating Expenses | 28.11M | 26.38M | 17.71M | 23.11M | 24.92M | 15.16M |
| Operating Expenses | 203.15M | 193.19M | 189.76M | 205.84M | 217.99M | 200.43M |
| Operating Income | 132.81M | 115.43M | 136.23M | 143.20M | 125.89M | 83.33M |
| Interest Expense | -30.65M | -30.69M | -34.76M | -31.32M | -21.91M | -4.90M |
| Currency Exchange Gain (Loss) | -2.09M | -301.00K | 26.00K | -218.00K | 679.00K | -1.57M |
| Other Non Operating Income (Expenses) | 37.00K | 257.00K | -126.00K | -4.00K | 13.00K | 26.00K |
| EBT Excluding Unusual Items | 100.11M | 84.70M | 101.36M | 111.66M | 104.67M | 76.89M |
| Merger & Restructuring Charges | -3.26M | -3.15M | -6.85M | -3.82M | -1.57M | 438.00K |
| Impairment of Goodwill | -56.07M | |||||
| Gain (Loss) on Sale of Assets | -6.41M | |||||
| Asset Writedown | -17.13M | |||||
| Pretax Income | 96.85M | 81.54M | 14.90M | 107.83M | 103.10M | 77.33M |
| Income Tax Expense | 6.73M | 6.72M | 9.01M | 12.13M | 17.11M | 4.85M |
| Net Income | 90.12M | 74.82M | 5.89M | 95.70M | 85.99M | 72.47M |
| Net Income to Common | 90.12M | 74.82M | 5.89M | 95.70M | 85.99M | 72.47M |
| Shares Outstanding (Basic) | 20.76M | 20.75M | 20.73M | 20.62M | 20.51M | 20.42M |
| Shares Outstanding (Diluted) | 21.00M | 20.91M | 20.93M | 20.91M | 20.76M | 20.69M |
| EPS (Basic) | 4.34 | 3.61 | 0.28 | 4.64 | 4.19 | 3.55 |
| EPS (Diluted) | 4.29 | 3.58 | 0.28 | 4.58 | 4.14 | 3.50 |
| Free Cash Flow | 32.44M | 23.68M | 7.01M | 24.54M | 38.35M | -12.67M |
| Free Cash Flow Per Share | 1.54 | 1.13 | 0.34 | 1.17 | 1.85 | -0.61 |
| Dividend Per Share | 0.56 | 0.56 | 0.54 | 0.52 | 0.49 | 0.47 |
| Gross Margin | 16.01% | 17.27% | 19.35% | 20.96% | 19.57% | 18.78% |
| Operating Margin | 6.33% | 6.46% | 8.09% | 8.60% | 7.16% | 5.52% |
| Profit Margin | 4.29% | 4.19% | 0.35% | 5.75% | 4.89% | 4.80% |
| Free Cash Flow Margin | 1.55% | 1.32% | 0.42% | 1.47% | 2.18% | -0.84% |
| EBITDA | 205.45M | 184.51M | 204.90M | 204.84M | 177.52M | 125.67M |
| EBITDA Margin | 9.79% | 10.33% | 12.16% | 12.30% | 10.10% | 8.32% |
| D&A For EBITDA | 72.64M | 69.07M | 68.68M | 61.64M | 51.64M | 42.34M |
| EBIT | 132.81M | 115.43M | 136.23M | 143.20M | 125.89M | 83.33M |
| EBIT Margin | 6.33% | 6.46% | 8.09% | 8.60% | 7.16% | 5.52% |
| Effective Tax Rate | 6.95% | 8.24% | 60.49% | 11.25% | 16.60% | 6.27% |
| Advertising Expenses | 300.00K | 300.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 19.99M | 13.68M | 16.71M | 13.29M | 13.10M | 14.46M |
| Trading Asset Securities | 849.00K | 1.49M | 2.70M | 3.66M | 3.11M | |
| Cash & Short-Term Investments | 20.84M | 15.17M | 19.41M | 16.95M | 16.21M | 14.46M |
| Receivables | 260.78M | 222.92M | 193.79M | 192.75M | 215.21M | 213.82M |
| Inventory | 487.44M | 461.23M | 441.30M | 441.60M | 423.08M | 361.12M |
| Prepaid Expenses | 99.32M | 90.12M | 68.05M | 57.12M | 34.53M | 34.38M |
| Other Current Assets | 1.57M | 76.00K | 1.67M | 968.00K | 1.41M | 3.48M |
| Total Current Assets | 869.96M | 789.52M | 724.22M | 709.38M | 690.45M | 627.25M |
| Property, Plant & Equipment | 588.66M | 597.49M | 575.25M | 572.33M | 513.01M | 472.07M |
| Long-Term Investments | 237.00K | 1.90M | 2.83M | 4.75M | ||
| Goodwill | 280.19M | 280.66M | 263.74M | 320.87M | 319.50M | 318.62M |
| Other Intangible Assets | 99.89M | 102.27M | 107.69M | 130.96M | 139.60M | 153.13M |
| Long-Term Deferred Tax Assets | 8.82M | 7.73M | 2.96M | 4.91M | 3.27M | 5.43M |
| Long-Term Deferred Charges | 3.60M | 1.62M | 2.61M | 3.62M | 3.61M | |
| Other Long-Term Assets | 22.95M | 21.53M | 20.24M | 18.83M | 17.79M | 27.37M |
| Total Assets | 1.87B | 1.80B | 1.70B | 1.76B | 1.69B | 1.61B |
| Accounts Payable | 192.29M | 148.64M | 105.90M | 125.66M | 107.90M | 86.24M |
| Accrued Expenses | 24.07M | 21.41M | 24.55M | 27.58M | 37.27M | 40.50M |
| Short-Term Debt | 137.00K | 15.66M | 123.00K | 3.83M | ||
| Current Portion of Long-Term Debt | 17.39M | 7.11M | 34.15M | 34.77M | 21.11M | 15.36M |
| Current Portion of Leases | 7.58M | 7.80M | 7.56M | 9.89M | 10.71M | |
| Current Income Taxes Payable | 3.35M | 5.05M | 4.91M | 5.21M | 3.93M | 4.21M |
| Current Unearned Revenue | 12.27M | 12.69M | 13.19M | 13.84M | 15.50M | 7.77M |
| Other Current Liabilities | 46.28M | 35.44M | 36.11M | 36.54M | 43.38M | 39.73M |
| Total Current Liabilities | 295.79M | 253.58M | 226.73M | 255.00M | 238.96M | 204.51M |
| Long-Term Debt | 423.23M | 436.35M | 407.73M | 388.67M | 410.88M | 434.39M |
| Long-Term Leases | 70.84M | 73.95M | 75.03M | 67.56M | 72.93M | 73.43M |
| Long-Term Unearned Revenue | 46.45M | 55.86M | 75.77M | 103.98M | 107.74M | 97.96M |
| Pension & Post-Retirement Benefits | 23.16M | 23.93M | 26.41M | 26.33M | 20.42M | 33.39M |
| Long-Term Deferred Tax Liabilities | 2.19M | 2.76M | 3.24M | 20.11M | 28.21M | 27.22M |
| Other Long-Term Liabilities | 14.16M | 13.09M | 13.83M | 16.02M | 12.85M | 16.14M |
| Total Liabilities | 875.83M | 859.52M | 828.75M | 877.67M | 891.99M | 887.04M |
| Common Stock | 380.13M | 351.90M | 336.14M | 309.49M | 288.10M | 271.98M |
| Retained Earnings | 964.47M | 912.36M | 849.11M | 854.33M | 769.42M | 693.76M |
| Treasury Stock | -302.38M | -277.47M | -261.88M | -237.75M | -220.86M | -209.92M |
| Comprehensive Income & Other | -47.36M | -43.51M | -54.49M | -41.03M | -36.66M | -35.37M |
| Shareholders' Equity | 994.87M | 943.28M | 868.88M | 885.05M | 799.99M | 720.44M |
| Total Liabilities & Equity | 1.87B | 1.80B | 1.70B | 1.76B | 1.69B | 1.61B |
| Total Debt | 511.60M | 540.65M | 524.84M | 502.39M | 514.80M | 533.88M |
| Net Cash (Debt) | -490.76M | -525.48M | -505.43M | -485.44M | -498.58M | -519.42M |
| Net Cash Per Share | -23.37 | -25.13 | -24.15 | -23.21 | -24.02 | -25.11 |
| Filing Date Shares Outstanding | 20.83M | 20.74M | 20.77M | 20.65M | 20.54M | 20.45M |
| Total Common Shares Outstanding | 20.83M | 20.73M | 20.76M | 20.65M | 20.54M | 20.45M |
| Working Capital | 574.16M | 535.94M | 497.49M | 454.39M | 451.48M | 422.74M |
| Book Value Per Share | 47.75 | 45.49 | 41.85 | 42.87 | 38.94 | 35.23 |
| Tangible Book Value | 614.79M | 560.35M | 497.45M | 433.22M | 340.89M | 248.69M |
| Tangible Book Value Per Share | 29.51 | 27.02 | 23.96 | 20.98 | 16.59 | 12.16 |
| Land | 26.09M | 26.57M | 26.61M | 26.58M | 26.63M | |
| Buildings | 241.31M | 237.82M | 215.14M | 200.22M | 173.91M | |
| Machinery | 912.30M | 832.93M | 799.55M | 770.63M | 687.50M | |
| Construction In Progress | 94.39M | 123.62M | 147.30M | 100.19M | 130.84M | |
| Order Backlog | 579.00M | 537.60M | 573.40M | 576.20M | 541.10M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 90.12M | 74.82M | 5.89M | 95.70M | 85.99M | 72.47M |
| Depreciation & Amortization | 72.64M | 69.07M | 68.68M | 61.64M | 51.64M | 42.34M |
| Other Amortization | 953.00K | 1.89M | 1.71M | 1.71M | 3.53M | 2.77M |
| Loss (Gain) From Sale of Assets | 282.00K | 282.00K | 7.61M | 20.00K | 14.00K | -282.00K |
| Asset Writedown & Restructuring Costs | 73.20M | |||||
| Stock-Based Compensation | 14.12M | 10.93M | 10.56M | 10.09M | 8.81M | 6.52M |
| Other Operating Activities | -6.62M | -5.03M | -16.91M | -8.18M | 1.04M | -12.52M |
| Change in Accounts Receivable | -63.97M | -25.79M | -3.72M | 23.36M | -4.38M | -30.49M |
| Change in Inventory | -35.34M | -13.30M | -468.00K | -18.70M | -63.99M | -43.46M |
| Change in Accounts Payable | 74.90M | 33.52M | -15.76M | 6.63M | 12.86M | 40.22M |
| Change in Unearned Revenue | -13.78M | -15.20M | -24.69M | -685.00K | 22.15M | 13.86M |
| Change in Other Net Operating Assets | -25.01M | -27.94M | -18.29M | -27.18M | -1.71M | -1.18M |
| Operating Cash Flow | 108.31M | 103.24M | 87.82M | 144.41M | 115.96M | 90.24M |
| Capital Expenditures | -75.87M | -79.57M | -80.81M | -119.88M | -77.61M | -102.91M |
| Sale of Property, Plant & Equipment | 666.00K | 932.00K | 1.20M | 654.00K | 850.00K | 881.00K |
| Cash Acquisitions | -19.50M | -19.50M | -2.97M | -392.24M | ||
| Investing Cash Flow | -94.70M | -98.14M | -79.61M | -119.22M | -79.73M | -494.27M |
| Long-Term Debt Issued | 33.89M | 45.69M | 8.06M | 230.00K | 418.30M | |
| Long-Term Debt Repaid | -18.78M | -31.02M | -17.06M | -22.04M | -4.87M | |
| Total Debt Repaid | -19.45M | -18.78M | -31.02M | -17.06M | -22.04M | -4.87M |
| Net Debt Issued (Repaid) | 14.44M | 15.11M | 14.67M | -8.99M | -21.80M | 413.42M |
| Repurchase of Common Stock | -8.19M | -10.48M | -7.61M | -5.23M | -3.59M | -3.32M |
| Common Dividends Paid | -11.73M | -11.51M | -11.09M | -10.62M | -10.16M | -9.70M |
| Other Financing Activities | -79.00K | -2.94M | -156.00K | -7.40M | ||
| Financing Cash Flow | -5.56M | -9.82M | -4.19M | -24.85M | -35.56M | 393.01M |
| Foreign Exchange Rate Adjustments | -650.00K | 1.68M | -607.00K | -149.00K | -2.03M | -394.00K |
| Net Cash Flow | 7.40M | -3.03M | 3.42M | 193.00K | -1.36M | -11.42M |
| Free Cash Flow | 32.44M | 23.68M | 7.01M | 24.54M | 38.35M | -12.67M |
| Free Cash Flow Margin | 1.55% | 1.32% | 0.42% | 1.47% | 2.18% | -0.84% |
| Free Cash Flow Per Share | 1.54 | 1.13 | 0.34 | 1.17 | 1.85 | -0.61 |
| Levered Free Cash Flow | 13.36M | 24.59M | 27.04M | 6.57M | 19.64M | -112.82M |
| Unlevered Free Cash Flow | 31.57M | 41.88M | 47.05M | 24.44M | 31.59M | -110.73M |
| Cash Interest Paid | 29.55M | 29.55M | 35.92M | 32.04M | 21.19M | 3.65M |
| Cash Income Tax Paid | 7.00M | 7.00M | 11.50M | 7.50M | 14.50M | 21.80M |
| Change in Working Capital | -63.19M | -48.72M | -62.93M | -16.57M | -35.06M | -21.05M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.62B | 2.58B | 2.05B | 2.69B | 1.80B | 1.88B |
| Enterprise Value | 5.11B | 3.09B | 2.60B | 3.19B | 2.34B | 2.01B |
| Last Close Price | 221.94 | 124.05 | 98.12 | 128.55 | 86.04 | 89.86 |
| PE Ratio | 51.69 | 34.45 | 348.49 | 28.07 | 20.89 | 25.93 |
| Forward PE | 28.03 | 20.32 | 16.88 | 20.07 | 16.40 | 20.32 |
| PS Ratio | 2.20 | 1.44 | 1.22 | 1.61 | 1.02 | 1.24 |
| PB Ratio | 4.65 | 2.73 | 2.36 | 3.04 | 2.25 | 2.61 |
| P/TBV Ratio | 7.52 | 4.60 | 4.12 | 6.20 | 5.27 | 7.56 |
| P/FCF Ratio | 142.54 | 108.86 | 292.75 | 109.47 | 46.84 | |
| P/OCF Ratio | 42.69 | 24.96 | 23.36 | 18.60 | 15.49 | 20.82 |
| PEG Ratio | 1.60 | 1.35 | 0.91 | 1.34 | 1.09 | 1.07 |
| EV/Sales Ratio | 2.44 | 1.73 | 1.54 | 1.92 | 1.33 | 1.33 |
| EV/EBITDA Ratio | 24.89 | 16.75 | 12.68 | 15.59 | 13.18 | 16.00 |
| EV/EBIT Ratio | 38.51 | 26.78 | 19.07 | 22.30 | 18.59 | 24.12 |
| EV/FCF Ratio | 157.67 | 130.57 | 370.73 | 130.13 | 61.02 | |
| Debt / Equity Ratio | 0.51 | 0.57 | 0.60 | 0.57 | 0.64 | 0.74 |
| Debt / EBITDA Ratio | 2.32 | 2.71 | 2.39 | 2.29 | 2.70 | 3.88 |
| Debt / FCF Ratio | 15.77 | 22.84 | 74.88 | 20.47 | 13.42 | |
| Net Debt / Equity Ratio | 0.49 | 0.56 | 0.58 | 0.55 | 0.62 | 0.72 |
| Net Debt / EBITDA Ratio | 2.39 | 2.85 | 2.47 | 2.37 | 2.81 | 4.13 |
| Net Debt / FCF Ratio | 15.13 | 22.20 | 72.11 | 19.78 | 13.00 | -41.00 |
| Asset Turnover | 1.16 | 1.02 | 0.97 | 0.96 | 1.06 | 1.13 |
| Inventory Turnover | 3.78 | 3.27 | 3.08 | 3.04 | 3.60 | 4.01 |
| Quick Ratio | 0.95 | 0.94 | 0.94 | 0.82 | 0.97 | 1.12 |
| Current Ratio | 2.94 | 3.11 | 3.19 | 2.78 | 2.89 | 3.07 |
| Return on Equity (ROE) | 9.46% | 8.26% | 0.67% | 11.36% | 11.31% | 10.53% |
| Return on Assets (ROA) | 4.60% | 4.12% | 4.92% | 5.18% | 4.77% | 3.91% |
| Return on Invested Capital (ROIC) | 8.27% | 7.45% | 3.92% | 9.52% | 8.27% | 7.83% |
| Return on Capital Employed (ROCE) | 8.40% | 7.50% | 9.30% | 9.50% | 8.70% | 5.90% |
| Earnings Yield | 1.93% | 2.90% | 0.29% | 3.56% | 4.79% | 3.86% |
| FCF Yield | 0.70% | 0.92% | 0.34% | 0.91% | 2.14% | -0.67% |
| Dividend Yield | 0.26% | 0.45% | 0.54% | 0.40% | 0.57% | 0.52% |
| Payout Ratio | 13.51% | 15.38% | 188.30% | 11.10% | 11.82% | 13.38% |
| Buyback Yield / Dilution | -0.49% | 0.08% | -0.08% | -0.73% | -0.34% | -0.42% |
| Total Shareholder Return | -0.23% | 0.52% | 0.46% | -0.33% | 0.22% | 0.10% |