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Materion Corporation

MTRN Basic Materials Other Industrial Metals & Mining

Materion Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.8 billion, up 6.04% from fiscal 2024.

Revenue
+27.5%
EPS
+49.5%
Free cash flow
+1,007.8%
Total debt
−13.0%

Quarter to September 2026, against a year earlier

186.11 8.64 +4.87%
Market cap
$3.7B
P/E
37.5×
Fwd P/E
28.2×
Dividend yield
0.31%
F-score
5/9
Altman Z
4.06
Beneish M
−2.36
Dividend safety
72/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 18.45
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 5 3 — 3 — — 4 1 — —
Insider Ownership 1.86%

Capital & Financial Ratios $m

Size
Market Cap 3,700.00
Revenue ttm 2,220.77
Net income ttm 103.04
Free cash flow ttm 103.38
Net debt Q 393.95
Valuation
P/E 37.52 (above 35: high)
Forward P/E 28.20
Price / sales 1.74
Forward P/S Powerpack
Price / FCF 37.44
Price / book 3.76
Financial health
Current ratio Q 2.81 (at or above 1.5: strong)
Debt / equity Q 0.40 (at or below 0.5: strong)
Interest coverage Q 7.63
Growth
Revenue growth Q +27.54% (above 0%: growing)
Operating income growth Q +44.25% (above 0%: growing)
EPS, this year +31.29% (at or above 15%: strong)
EPS, next year A +19.14% (at or above 15%: strong)
Revenue, next year A +31.20% (at or above 10%: strong)
EPS, past 5 yrs +36.70% (at or above 15%: strong)
EPS, next 5 yrs A +24.68% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.9×, against a ten-year median of 1.2×; over the ten years it ranged from 0.5× in 2016 to 3.2× in 2026.
P/E against its own 10 years 57.88%
10-year low 10-year high
P/S against its own 10 years 93.95%
10-year low 10-year high
P/B against its own 10 years 94.90%
10-year low 10-year high
EV/Sales against its own 10 years 93.00%
10-year low 10-year high
EV/FCF against its own 10 years 68.55%
10-year low 10-year high

Dividends raised 3 years running

Yield
0.31%
Annual rate
0.57
Payout ratio
11.7%
Growth, 2018–26
+4.16%/yr
  1. 0.42 ’18
  2. 0.44 ’19 +5
  3. 0.46 ’20 +5
  4. 0.48 ’21 +4
  5. 0.62 ’22 +29
  6. 0.52 ’23 −16
  7. 0.54 ’24 +4
  8. 0.56 ’25 +4
  9. 0.58 ’26 +4
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 13 17 14 15
Receivables 193 194 223 269
Inventory 442 441 461 486
Other — — — —
709 724 790 859
2023 2024 2025 Q'26
Payables 126 106 149 189
ST’ Debt 39 34 22 20
Other 46 48 45 54
255 227 254 306

Compound Annual Growth %

10y 5y 3y
Sales 5.71% 8.72% 0.56%
Cash Flow 1.27% 0.43% (3.80%)
Earnings 8.81% 37.07% (4.53%)
Book Value 6.92% 7.55% 5.65%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.89 Actual 1.93

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 1.51 1.53 Beat by 0.02
Q1 FY26 1.24 1.27 Beat by 0.03
Q2 FY26 1.55 1.90 Beat by 0.35
Q3 FY26 1.89 1.93 Beat by 0.04
Q4 FY26 2.16 — Reports 11 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.92 1.84 1.81 — —
’25 0.85 1.21 1.22 0.31 3.58
’24 0.64 0.91 1.07 (2.33) 0.28
’23 1.23 1.15 1.27 0.93 4.58
’22 0.68 1.12 0.96 1.38 4.14
’21 0.81 0.87 0.88 0.95 3.50
’20 (0.15) 0.32 0.32 0.39 0.75
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 550 614 567 — —
’25 420 432 445 490 1,787
’24 385 426 437 437 1,685
’23 443 399 403 421 1,665
’22 449 445 428 435 1,757
’21 354 371 388 397 1,511
’20 278 271 287 340 1,176
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (4) 75 72 — —
’25 16 50 18 20 103
’24 (14) 20 5 76 88
’23 38 32 14 60 144
’22 (14) 36 13 82 116
’21 15 29 (4) 50 90
’20 9 27 43 22 101
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (20) 60 58 — —
’25 3 37 5 5 51
’24 (35) 3 (7) 59 20
’23 8 3 (12) 35 35
’22 (33) 17 (3) 58 39
’21 (15) 2 (23) 25 (12)
’20 (6) 10 29 1 34
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 969 1,139 1,208 1,185 1,176 1,511 1,757 1,665 1,685 1,787 2,221 +7.0% 2,344 2,566 2,751 +15.5%
Gross margin, % 19.04 18.68 20.81 22.16 16.38 18.78 19.57 20.96 19.35 17.27 15.92 (1.8) pt
EBT 25 36 17 66 8 77 103 108 15 82 113 +13.9%
EBT margin, % 2.61 3.19 1.37 5.53 0.70 5.12 5.87 6.48 0.88 4.56 5.08 +2.0 pt
Net income 26 11 21 53 15 72 86 96 6 75 103 +12.6%
Per share, $
Per share, $ Revenue 48.50 56.90 59.76 58.21 57.84 73.97 85.67 80.76 81.26 86.08 106.52 +6.6%
Earnings 1.29 0.57 1.03 2.49 0.76 3.55 4.19 4.64 0.28 3.61 4.95 +12.1%
Cash flow 3.41 3.39 3.78 4.87 4.97 4.42 5.65 7.00 4.24 4.97 7.78 +4.3%
Capex (1.29) (1.26) (1.35) (1.19) (3.31) (5.00) (3.74) (5.33) (3.25) (2.52) (2.82) +7.7%
Free cash flow 2.12 2.12 2.43 3.68 1.66 (0.58) 1.91 1.67 0.98 2.45 4.96 +1.6%
Book value 24.73 24.72 27.40 31.71 32.24 35.28 39.00 42.92 41.91 45.45 49.37 +7.0%
Shares, m 20 20 20 20 20 20 21 21 21 21 21 +0.4%
Valuation, ×
Valuation, × P/E 31.05 86.21 43.68 23.97 70.80 25.97 20.97 27.68 340.97 34.44 37.52 70.6
P/S 0.83 0.88 0.75 1.02 1.10 1.24 1.03 1.59 1.22 1.44 1.74 1.1
P/B 1.62 2.02 1.64 1.87 1.98 2.61 2.25 2.99 2.36 2.74 3.76 2.2
EV/Sales 0.80 0.86 0.71 0.93 1.13 1.54 1.27 1.85 1.48 1.70 1.92 1.2
EV/FCF 18.22 23.04 17.45 14.73 39.30 (197.59) 57.02 89.08 122.12 59.71 41.25 24.3
Cash, $m
Cash, $m Operating cash flow 68 68 76 99 101 90 116 144 88 103 162 +4.7%
Capex (26) (25) (27) (24) (67) (102) (77) (110) (67) (52) (59) +8.2%
Free cash flow 42 43 49 75 34 (12) 39 35 20 51 103 +2.0%
Balance, $m
Balance, $m Working capital 255 284 300 415 337 423 451 454 497 536 553 +8.6%
Net debt (27) (22) (53) (105) 33 452 433 427 438 458 394 n/m
Shareholders’ equity 494 495 554 646 656 720 800 885 869 943 1,029 +7.4%
Returns, %
Returns, % ROA 3.47 1.49 2.64 6.29 1.58 5.44 5.21 5.54 0.34 4.28 5.62 +0.8 pt
ROIC 3.87 5.29 7.70 8.16 0.75 4.11 6.07 6.50 2.26 4.90 6.20 +1.0 pt
ROE 5.27 2.32 4.01 8.90 2.38 10.53 11.31 11.36 0.67 8.26 10.49 +3.0 pt
People
People Employees 2,550 2,700 2,700 2,600 3,072 3,443 3,723 3,404 3,037 2,880 — +1.4%
Revenue/emp, $m 0.38 0.42 0.45 0.46 0.38 0.44 0.47 0.49 0.55 0.62 — +5.6%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 6 Nov 2026

Materion Corporation vs peers in Other Industrial Metals & Mining (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MP MP Materials Corp. $6.0B — (loss-making) — (loss-making) +175.72% (above 0%: growing) n/m +86.28% (above 0%: growing) 0.00% (14.94%) Compare
MTRN Materion Corporation $3.7B 37.5× 28.2× +27.54% (above 0%: growing) +49.48% (above 0%: growing) +1,007.75% (above 0%: growing) 18.28% 8.89%
SKE Skeena Resources Limited $3.7B — (loss-making) — — n/m −112.35% (below 0%: shrinking) 0.00% 0.00% Compare
USAR USA Rare Earth Inc. $2.8B — (loss-making) — (loss-making) — n/m −1,034.95% (below 0%: shrinking) (27.19%) (795.64%) Compare
ALM Almonty Industries Inc. $2.3B 41.5× — +497.16% (above 0%: growing) n/m +133.36% (above 0%: growing) 62.18% 37.51% Compare
SSMR Sunshine Silver Mining & Refining Company $1.8B — — — n/m — 43.63% 0.00% Compare
NEXA Nexa Resources S.A. $1.5B 9.4× 6.9× +22.74% (above 0%: growing) n/m −3.80% (below 0%: shrinking) 26.09% 2.10% Compare
EMAT Evolution Metals & Technologies Corp. $1.2B — (loss-making) — — n/m −607.00% (below 0%: shrinking) (7.03%) (744.93%) Compare
VZLA Vizsla Silver Corp. $1.1B — (loss-making) — — n/m +10.03% (above 0%: growing) 0.00% 0.00% Compare
Median of peers $2.0B — — +175.72% — −3.80% 0.00% 0.00%

All 56 Other Industrial Metals & Mining stocks →

Pay and ownership Proxy statement filed 26 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 4.79m 4.22m 199.14
2024 5.86m (3.61m) 170.49
2023 5.97m 11.08m 222.19
2022 4.50m 5.33m 149.60
2021 4.45m 7.85m 156.22
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Materion Corporation (MTRN) Latest News

6 Nov

Impact 3 · · Simply Wall St.

4 Nov

Impact 4 · · Moby
Impact 4 · · The Motley Fool transcript
Impact 4 · · Business Wire
Impact 3 · · GuruFocus.com

28 Oct

Impact 3 · · Trefis

24 Oct

Impact 3 · · Simply Wall St.

21 Oct

Impact 3 · · Business Wire

28 Sep

Impact 3 · · Insider Monkey

24 Sep

Impact 3 · · Simply Wall St.

12 Aug

Impact 3 · · The Motley Fool transcript

8 Aug

Impact 3 · · MarketBeat transcript

7 Aug

Impact 4 ·
Impact 4 ·
Impact 3 ·

6 Aug

Impact 4 ·

5 Aug

Impact 4 ·
Impact 4 ·
Impact 3 · · Moby
Impact 3 ·

30 Jul

Impact 4 ·

24 Jul

Impact 3 ·
Impact 3 ·

7 May

Impact 3 · · Business Wire

1 May

Impact 4 · · Simply Wall St.

29 Apr

Impact 4 · · The Motley Fool transcript
Impact 4 · · Zacks
Impact 4 · · Business Wire
Impact 3 · · Moby

24 Apr

Impact 3 · · Simply Wall St.

MTRN metrics, ten years each

stockrow.com/MTRN · Data as of Nov 6, 2026 · For information only; not investment advice. · © 2026 stockrow.com