NYSE : MTX
Minerals Technologies Inc. — Financial statements
Materials · Specialty Chemicals · United States
Last price 62.74 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.95B
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Financial statements
Minerals Technologies Inc. (MTX) reported revenue of 2.17B 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 | 2.17B | 2.07B | 2.12B | 2.17B | 2.13B | 1.86B |
| Cost of Revenue | 1.65B | 1.55B | 1.57B | 1.66B | 1.66B | 1.41B |
| Gross Profit | 518.60M | 518.00M | 547.70M | 507.10M | 465.00M | 446.50M |
| Selling, General & Admin | 215.00M | 208.00M | 209.20M | 206.00M | 192.10M | 186.20M |
| Research & Development | 23.50M | 22.90M | 23.00M | 21.20M | 20.40M | 19.50M |
| Operating Expenses | 238.50M | 230.90M | 232.20M | 227.20M | 212.50M | 205.70M |
| Operating Income | 280.10M | 287.10M | 315.50M | 279.90M | 252.50M | 240.80M |
| Interest Expense | -55.80M | -59.90M | -62.20M | -63.10M | -47.30M | -40.60M |
| Interest & Investment Income | 5.40M | 5.40M | 5.80M | 3.90M | 3.40M | 3.40M |
| Earnings From Equity Investments | 8.30M | 4.90M | 6.70M | 4.30M | 1.70M | 2.80M |
| Currency Exchange Gain (Loss) | 400.00K | 400.00K | -100.00K | -100.00K | -800.00K | -700.00K |
| Other Non Operating Income (Expenses) | -1.00M | -7.30M | -4.60M | -4.80M | -3.00M | 6.30M |
| EBT Excluding Unusual Items | 237.40M | 230.60M | 261.10M | 220.10M | 206.50M | 212.00M |
| Merger & Restructuring Charges | -3.70M | -15.00M | -7.20M | -5.10M | -5.10M | |
| Gain (Loss) on Sale of Assets | 4.30M | 9.90M | 12.30M | |||
| Legal Settlements | -315.50M | -234.60M | -41.30M | -29.20M | -32.60M | |
| Other Unusual Items | -1.80M | -71.70M | -10.40M | -1.80M | ||
| Pretax Income | -77.50M | -9.10M | 230.30M | 112.00M | 158.40M | 205.10M |
| Income Tax Expense | -14.50M | 4.90M | 59.40M | 23.70M | 32.10M | 36.60M |
| Earnings From Continuing Operations | -63.00M | -14.00M | 170.90M | 88.30M | 126.30M | 168.50M |
| Minority Interest in Earnings | -4.50M | -4.40M | -3.80M | -4.20M | -4.10M | -4.10M |
| Net Income | -67.50M | -18.40M | 167.10M | 84.10M | 122.20M | 164.40M |
| Net Income to Common | -67.50M | -18.40M | 167.10M | 84.10M | 122.20M | 164.40M |
| Shares Outstanding (Basic) | 31.02M | 31.40M | 32.10M | 32.50M | 32.70M | 33.60M |
| Shares Outstanding (Diluted) | 31.02M | 31.40M | 32.30M | 32.60M | 32.80M | 33.80M |
| EPS (Basic) | -2.18 | -0.59 | 5.21 | 2.59 | 3.74 | 4.89 |
| EPS (Diluted) | -2.18 | -0.59 | 5.17 | 2.58 | 3.73 | 4.86 |
| Free Cash Flow | 128.60M | 86.60M | 146.90M | 140.10M | 23.40M | 146.40M |
| Free Cash Flow Per Share | 4.14 | 2.76 | 4.55 | 4.30 | 0.71 | 4.33 |
| Dividend Per Share | 0.48 | 0.45 | 0.41 | 0.25 | 0.20 | 0.20 |
| Gross Margin | 23.90% | 24.99% | 25.85% | 23.37% | 21.88% | 24.03% |
| Operating Margin | 12.91% | 13.85% | 14.89% | 12.90% | 11.88% | 12.96% |
| Profit Margin | -3.11% | -0.89% | 7.89% | 3.88% | 5.75% | 8.85% |
| Free Cash Flow Margin | 5.93% | 4.18% | 6.93% | 6.46% | 1.10% | 7.88% |
| EBITDA | 375.30M | 378.30M | 410.40M | 374.90M | 346.70M | 335.40M |
| EBITDA Margin | 17.30% | 18.25% | 19.37% | 17.28% | 16.31% | 18.05% |
| D&A For EBITDA | 95.20M | 91.20M | 94.90M | 95.00M | 94.20M | 94.60M |
| EBIT | 280.10M | 287.10M | 315.50M | 279.90M | 252.50M | 240.80M |
| EBIT Margin | 12.91% | 13.85% | 14.89% | 12.90% | 11.88% | 12.96% |
| Effective Tax Rate | 25.79% | 21.16% | 20.27% | 17.84% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 372.10M | 329.00M | 333.10M | 317.20M | 247.20M | 299.50M |
| Short-Term Investments | 6.90M | 3.60M | 4.00M | 4.30M | 5.60M | 4.90M |
| Cash & Short-Term Investments | 379.00M | 332.60M | 337.10M | 321.50M | 252.80M | 304.40M |
| Receivables | 421.70M | 400.10M | 385.20M | 399.10M | 404.00M | 367.80M |
| Inventory | 368.20M | 350.20M | 342.10M | 325.40M | 348.80M | 297.70M |
| Prepaid Expenses | 65.60M | 69.60M | 61.10M | 45.00M | 43.30M | 41.20M |
| Other Current Assets | 3.10M | 5.50M | 8.00M | 21.60M | 17.40M | |
| Total Current Assets | 1.23B | 1.16B | 1.13B | 1.10B | 1.07B | 1.03B |
| Property, Plant & Equipment | 1.04B | 1.07B | 1.04B | 1.03B | 1.10B | 1.10B |
| Goodwill | 915.50M | 915.90M | 913.80M | 913.60M | 914.80M | 907.50M |
| Other Intangible Assets | 199.40M | 208.70M | 218.10M | 231.00M | 241.90M | 251.60M |
| Long-Term Deferred Tax Assets | 15.90M | 15.20M | 14.80M | 16.00M | 24.40M | 23.00M |
| Other Long-Term Assets | 143.60M | 103.40M | 79.60M | 56.10M | 50.50M | 64.90M |
| Total Assets | 3.55B | 3.47B | 3.39B | 3.35B | 3.40B | 3.37B |
| Accounts Payable | 219.30M | 187.90M | 185.50M | 188.70M | 193.80M | 196.10M |
| Accrued Expenses | 56.70M | 67.50M | 59.20M | 55.30M | 57.90M | |
| Short-Term Debt | 400.00K | 5.10M | 85.40M | 119.70M | 80.00M | |
| Current Portion of Long-Term Debt | 5.90M | 6.50M | 6.50M | 18.00M | 14.50M | 800.00K |
| Current Portion of Leases | 16.50M | 14.50M | 13.50M | 13.50M | 11.70M | |
| Current Income Taxes Payable | 7.80M | 27.40M | 14.00M | 9.50M | ||
| Other Current Liabilities | 624.10M | 279.60M | 91.20M | 78.50M | 96.30M | 73.30M |
| Total Current Liabilities | 849.30M | 555.40M | 397.70M | 457.30M | 502.60M | 419.80M |
| Long-Term Debt | 951.90M | 955.00M | 959.60M | 911.10M | 928.10M | 936.20M |
| Long-Term Leases | 33.80M | 38.70M | 37.90M | 43.90M | 47.20M | |
| Pension & Post-Retirement Benefits | 12.00M | 19.50M | 20.50M | 51.70M | 63.50M | 114.30M |
| Long-Term Deferred Tax Liabilities | 31.30M | 90.70M | 130.50M | 139.30M | 180.40M | 188.10M |
| Other Long-Term Liabilities | 92.30M | 64.90M | 63.70M | 62.60M | 69.90M | 89.10M |
| Total Liabilities | 1.94B | 1.72B | 1.61B | 1.66B | 1.79B | 1.79B |
| Common Stock | 5.00M | 5.00M | 5.00M | 4.90M | 4.90M | 4.90M |
| Additional Paid-In Capital | 551.10M | 535.10M | 523.90M | 501.20M | 487.60M | 474.20M |
| Retained Earnings | 2.37B | 2.48B | 2.51B | 2.36B | 2.28B | 2.17B |
| Treasury Stock | -978.80M | -968.20M | -909.30M | -845.30M | -831.10M | -775.10M |
| Comprehensive Income & Other | -364.60M | -340.40M | -387.10M | -369.40M | -366.50M | -333.60M |
| Total Common Equity | 1.58B | 1.71B | 1.75B | 1.65B | 1.58B | 1.54B |
| Minority Interest | 32.90M | 36.30M | 36.20M | 34.70M | 33.70M | 40.20M |
| Shareholders' Equity | 1.61B | 1.75B | 1.78B | 1.69B | 1.61B | 1.58B |
| Total Liabilities & Equity | 3.55B | 3.47B | 3.39B | 3.35B | 3.40B | 3.37B |
| Total Debt | 957.80M | 1.01B | 1.02B | 1.07B | 1.12B | 1.08B |
| Net Cash (Debt) | -578.80M | -679.60M | -687.30M | -744.40M | -866.90M | -771.50M |
| Net Cash Per Share | -18.66 | -21.64 | -21.28 | -22.83 | -26.43 | -22.83 |
| Filing Date Shares Outstanding | 31.07M | 31.05M | 31.90M | 32.36M | 32.54M | 33.14M |
| Total Common Shares Outstanding | 31.07M | 31.03M | 31.90M | 32.40M | 32.50M | 33.18M |
| Working Capital | 385.20M | 600.20M | 733.30M | 641.70M | 567.90M | 608.70M |
| Book Value Per Share | 50.81 | 55.21 | 54.77 | 50.98 | 48.61 | 46.40 |
| Tangible Book Value | 463.80M | 588.80M | 615.10M | 507.40M | 422.80M | 380.20M |
| Tangible Book Value Per Share | 14.93 | 18.97 | 19.28 | 15.66 | 13.01 | 11.46 |
| Land | 48.90M | 43.00M | 44.50M | 47.30M | 50.60M | |
| Buildings | 211.90M | 202.00M | 207.30M | 209.80M | 229.20M | |
| Machinery | 1.43B | 1.38B | 1.34B | 1.39B | 1.40B | |
| Construction In Progress | 59.10M | 50.70M | 44.60M | 41.50M | 59.20M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -67.50M | -18.40M | 167.10M | 84.10M | 122.20M | 164.40M |
| Depreciation & Amortization | 95.20M | 91.20M | 94.90M | 95.00M | 94.20M | 94.60M |
| Loss (Gain) From Sale of Assets | 3.30M | 3.30M | -11.80M | 2.00M | -100.00K | 400.00K |
| Asset Writedown & Restructuring Costs | 3.70M | 15.00M | 78.60M | 1.10M | ||
| Stock-Based Compensation | 11.90M | 11.90M | 11.80M | 11.30M | 10.40M | 10.70M |
| Provision & Write-off of Bad Debts | 4.10M | 4.10M | 1.40M | 2.80M | 4.10M | 900.00K |
| Other Operating Activities | 254.90M | 184.40M | 36.90M | -18.50M | 13.30M | 28.40M |
| Change in Accounts Receivable | -5.20M | -5.20M | 5.20M | 1.80M | -48.30M | -7.20M |
| Change in Inventory | -2.00M | -2.00M | -26.20M | 18.70M | -66.10M | -58.20M |
| Change in Accounts Payable | -2.20M | -2.20M | 2.30M | -2.90M | 7.20M | 43.00M |
| Change in Income Taxes | -19.20M | -19.20M | 5.80M | 6.70M | 11.70M | -6.00M |
| Change in Other Net Operating Assets | -41.70M | -69.20M | -51.00M | -46.00M | -42.90M | -39.70M |
| Operating Cash Flow | 235.30M | 193.70M | 236.40M | 233.60M | 105.70M | 232.40M |
| Capital Expenditures | -106.70M | -107.10M | -89.50M | -93.50M | -82.30M | -86.00M |
| Sale of Property, Plant & Equipment | 6.80M | 6.80M | 12.30M | 200.00K | 1.00M | 700.00K |
| Cash Acquisitions | -4.00M | -1.80M | -22.40M | -194.40M | ||
| Investment in Securities | 2.20M | 1.00M | -600.00K | 2.10M | 100.00K | -1.10M |
| Other Investing Activities | -21.40M | -23.50M | -12.70M | 1.30M | 2.00M | 2.20M |
| Investing Cash Flow | -119.10M | -122.80M | -94.50M | -91.70M | -101.60M | -278.60M |
| Short-Term Debt Issued | 39.30M | 100.50M | ||||
| Long-Term Debt Issued | 575.00M | 550.00M | ||||
| Total Debt Issued | -8.20M | 575.00M | 589.30M | 100.50M | ||
| Short-Term Debt Repaid | -4.80M | -80.20M | -34.50M | -20.50M | ||
| Long-Term Debt Repaid | -6.60M | -533.60M | -14.80M | -552.30M | -1.20M | |
| Total Debt Repaid | -13.50M | -11.40M | -613.80M | -49.30M | -552.30M | -21.70M |
| Net Debt Issued (Repaid) | -21.70M | -11.40M | -38.80M | -49.30M | 37.00M | 78.80M |
| Issuance of Common Stock | 12.40M | 2.40M | 15.70M | 5.10M | 5.70M | 12.80M |
| Repurchase of Common Stock | -25.10M | -62.00M | -66.40M | -17.00M | -59.30M | -77.40M |
| Common Dividends Paid | -15.00M | -14.20M | -13.20M | -8.10M | -6.50M | -6.80M |
| Other Financing Activities | -6.10M | -4.10M | -7.70M | -2.40M | -11.00M | -1.80M |
| Financing Cash Flow | -55.50M | -89.30M | -110.40M | -71.70M | -34.10M | 5.60M |
| Foreign Exchange Rate Adjustments | -8.20M | 14.30M | -15.60M | -200.00K | -22.30M | -27.60M |
| Net Cash Flow | 52.50M | -4.10M | 15.90M | 70.00M | -52.30M | -68.20M |
| Free Cash Flow | 128.60M | 86.60M | 146.90M | 140.10M | 23.40M | 146.40M |
| Free Cash Flow Margin | 5.93% | 4.18% | 6.93% | 6.46% | 1.10% | 7.88% |
| Free Cash Flow Per Share | 4.14 | 2.76 | 4.55 | 4.30 | 0.71 | 4.33 |
| Levered Free Cash Flow | 401.99M | 269.30M | 190.31M | 174.00M | 84.55M | 126.33M |
| Unlevered Free Cash Flow | 436.86M | 306.74M | 229.19M | 213.44M | 114.11M | 151.70M |
| Cash Interest Paid | 59.50M | 59.90M | 62.20M | 63.10M | 47.30M | 40.60M |
| Cash Income Tax Paid | 51.40M | 68.80M | 44.00M | 42.50M | ||
| Change in Working Capital | -70.30M | -97.80M | -63.90M | -21.70M | -138.40M | -68.10M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.95B | 1.90B | 2.43B | 2.32B | 1.97B | 2.44B |
| Enterprise Value | 2.53B | 2.58B | 3.13B | 3.12B | 2.84B | 3.21B |
| Last Close Price | 62.74 | 60.65 | 75.28 | 70.07 | 59.40 | 71.33 |
| PE Ratio | 14.54 | 27.59 | 16.12 | 14.81 | ||
| Forward PE | 9.70 | 9.95 | 11.59 | 12.01 | 10.92 | 13.35 |
| PS Ratio | 0.90 | 0.92 | 1.15 | 1.07 | 0.93 | 1.31 |
| PB Ratio | 1.23 | 1.08 | 1.36 | 1.38 | 1.22 | 1.54 |
| P/TBV Ratio | 4.20 | 3.22 | 3.95 | 4.57 | 4.66 | 6.41 |
| P/FCF Ratio | 15.16 | 21.91 | 16.54 | 16.57 | 84.20 | 16.64 |
| P/OCF Ratio | 8.28 | 9.80 | 10.28 | 9.94 | 18.64 | 10.48 |
| PEG Ratio | 0.97 | 1.41 | 1.05 | 1.09 | 0.99 | 0.89 |
| EV/Sales Ratio | 1.17 | 1.25 | 1.48 | 1.44 | 1.34 | 1.73 |
| EV/EBITDA Ratio | 6.74 | 6.82 | 7.62 | 8.32 | 8.19 | 9.56 |
| EV/EBIT Ratio | 9.03 | 8.99 | 9.91 | 11.14 | 11.25 | 13.31 |
| EV/FCF Ratio | 19.66 | 29.81 | 21.29 | 22.25 | 121.39 | 21.89 |
| Debt / Equity Ratio | 0.59 | 0.58 | 0.57 | 0.63 | 0.69 | 0.68 |
| Debt / EBITDA Ratio | 2.43 | 2.55 | 2.40 | 2.72 | 3.09 | 3.07 |
| Debt / FCF Ratio | 7.45 | 11.69 | 6.97 | 7.61 | 47.85 | 7.35 |
| Net Debt / Equity Ratio | 0.36 | 0.39 | 0.39 | 0.44 | 0.54 | 0.49 |
| Net Debt / EBITDA Ratio | 1.54 | 1.80 | 1.68 | 1.99 | 2.50 | 2.30 |
| Net Debt / FCF Ratio | 4.50 | 7.85 | 4.68 | 5.31 | 37.05 | 5.27 |
| Asset Turnover | 0.62 | 0.60 | 0.63 | 0.64 | 0.63 | 0.56 |
| Inventory Turnover | 4.51 | 4.49 | 4.71 | 4.93 | 5.14 | 5.17 |
| Quick Ratio | 0.94 | 1.32 | 1.82 | 1.58 | 1.31 | 1.60 |
| Current Ratio | 1.45 | 2.08 | 2.84 | 2.40 | 2.13 | 2.45 |
| Return on Equity (ROE) | -3.79% | -0.79% | 9.85% | 5.35% | 7.91% | 10.95% |
| Return on Assets (ROA) | 5.00% | 5.23% | 5.85% | 5.18% | 4.66% | 4.57% |
| Return on Invested Capital (ROIC) | 12.77% | 11.72% | 9.55% | 8.99% | 8.33% | 8.85% |
| Return on Capital Employed (ROCE) | 10.40% | 9.90% | 10.50% | 9.70% | 8.70% | 8.20% |
| Earnings Yield | -3.48% | -0.97% | 6.88% | 3.62% | 6.20% | 6.75% |
| FCF Yield | 6.60% | 4.56% | 6.04% | 6.04% | 1.19% | 6.01% |
| Dividend Yield | 0.83% | 0.74% | 0.54% | 0.35% | 0.33% | 0.27% |
| Payout Ratio | 7.90% | 9.63% | 5.32% | 4.14% | ||
| Buyback Yield / Dilution | 1.98% | 2.79% | 0.92% | 0.61% | 2.96% | 1.17% |
| Total Shareholder Return | 2.80% | 3.52% | 1.46% | 0.96% | 3.29% | 1.44% |