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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. In the quarter to June 2026, revenue grew 42.2%, EPS grew 53.7%, free cash flow grew 61.8% and total debt rose 3.23%, each against the same quarter a year earlier. Dividend growth for ten consecutive years.

244.17 7.99 −3.17%
Market cap
$5.3B
P/E
56.3×
Fwd P/E
37.8×
Dividend yield
0.23%
F-score
5/9
Altman Z
4.06
Beneish M
−2.36
Dividend safety
72/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 18.55
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell 1 — — 5 3 — 3 — — 4 1 —
Insider Ownership 1.73%

Capital & Financial Ratios $m

Market Cap 5,250.00
Revenue 2,098.29
Net Income 90.12
Free Cash Flow 50.88
Net Debt 433.37
Current Ratio 2.94 (at or above 1.5: strong)
Debt/Equity 0.46 (at or below 0.5: strong)
P/E ratio 56.26 (above 35: high)
Fwd P/E 37.80 (above 35: high)
P/S ratio 2.42
P/B ratio 5.11
Past 5Y EPS Growth 36.70% (at or above 15%: strong)
This Y EPS Growth 30.12% (at or above 15%: strong)
Next Y EPS Growth 20.04% (at or above 15%: strong)
Next Y revenue growth 33.39% (at or above 10%: strong)
Next 5Y EPS Growth 24.31% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.6×, 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 78.22%
10-year low 10-year high
P/S against its own 10 years 97.35%
10-year low 10-year high
P/B against its own 10 years 97.57%
10-year low 10-year high
EV/Sales against its own 10 years 97.12%
10-year low 10-year high
EV/FCF against its own 10 years 89.70%
10-year low 10-year high

Dividends

Payout Ratio 0.13
Annual Dividend Rate 0.57
Annual Dividend Yield 0.23%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.58
0.14
0.15
0.15
2025 0.56
0.14
0.14
0.14
0.14
2024 0.54
0.13
0.14
0.14
0.14
2023 0.52
0.13
0.13
0.13
0.13
2022 0.62
0.12
0.12
0.13
0.13
0.13
2021 0.48
0.12
0.12
0.12
0.12
2020 0.46
0.11
0.12
0.12
0.12
2019 0.44
0.11
0.11
0.11
0.11
2018 0.42
0.10
0.11
0.11
0.11
2017 0.40
0.10
0.10
0.10
0.10
2016 0.38
0.09
0.10
0.10
0.10
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 13 17 14 20
Receivables 193 194 223 261
Inventory 442 441 461 487
Other — — — —
709 724 790 870
2023 2024 2025 Q'26
Payables 126 106 149 192
ST’ Debt 39 34 22 17
Other 46 48 45 46
255 227 254 296

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%

Revenue $m

Mar Jun Sep Dec Year
’26 550 614 — — —
’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 — — —
’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 — — —
’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.

EPS $

Mar Jun Sep Dec Year
’26 0.92 1.84 — — —
’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.

Target Price Range

Analyst price targets

Recommendation Rating

1.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 20.62 31.05 42.66 42.50 26.15 61.96 64.89 84.23 96.18 69.10

Analyst estimates 2026–2028

Powerpack
High 41.23 52.10 65.10 71.97 64.23 95.60 97.89 132.50 145.08 135.33
People
People Employees 2,550 2,700 2,700 2,600 3,072 3,443 3,723 3,404 3,037 2,880
Revenue/emp, $m 0.38 0.42 0.45 0.46 0.38 0.44 0.47 0.49 0.55 0.62
Income, $m
Income, $m Revenue 969 1,139 1,208 1,185 1,176 1,511 1,757 1,665 1,685 1,787
Gross margin, % 19.04 18.68 20.81 22.16 16.38 18.78 19.57 20.96 19.35 17.27
EBT 25 36 17 66 8 77 103 108 15 82
EBT margin, % 2.61 3.19 1.37 5.53 0.70 5.12 5.87 6.48 0.88 4.56
Net income 26 11 21 53 15 72 86 96 6 75
Depreciation 50 49 42 42 43 46 55 62 70 71
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
Earnings 1.29 0.57 1.03 2.49 0.76 3.55 4.19 4.64 0.28 3.61
Cash flow 3.41 3.39 3.78 4.87 4.97 4.42 5.65 7.00 4.24 4.97
Capex (1.29) (1.26) (1.35) (1.19) (3.31) (5.00) (3.74) (5.33) (3.25) (2.52)
Free cash flow 2.12 2.12 2.43 3.68 1.66 (0.58) 1.91 1.67 0.98 2.45
Book value 24.73 24.72 27.40 31.71 32.24 35.28 39.00 42.92 41.91 45.45
Shares, m 20 20 20 20 20 20 21 21 21 21
Valuation, ×
Valuation, × P/E 31.05 86.21 43.68 23.97 70.80 25.97 20.97 27.68 340.97 34.44
P/S 0.83 0.88 0.75 1.02 1.10 1.24 1.03 1.59 1.22 1.44
P/B 1.62 2.02 1.64 1.87 1.98 2.61 2.25 2.99 2.36 2.74
EV/Sales 0.80 0.86 0.71 0.93 1.13 1.54 1.27 1.85 1.48 1.70
EV/FCF 18.22 23.04 17.45 14.73 39.30 (197.59) 57.02 89.08 122.12 59.71
Cash, $m
Cash, $m Operating cash flow 68 68 76 99 101 90 116 144 88 103
Capex (26) (25) (27) (24) (67) (102) (77) (110) (67) (52)
Free cash flow 42 43 49 75 34 (12) 39 35 20 51
Balance, $m
Balance, $m Working capital 255 284 300 415 337 423 451 454 497 536
Total debt 4 20 18 20 59 466 446 440 454 472
Net debt (27) (22) (53) (105) 33 452 433 427 438 458
Shareholders’ equity 494 495 554 646 656 720 800 885 869 943
Returns, %
Returns, % ROA 3.47 1.49 2.64 6.29 1.58 5.44 5.21 5.54 0.34 4.28
ROIC 3.87 5.29 7.70 8.16 0.75 4.11 6.07 6.50 2.26 4.90
ROE 5.27 2.32 4.01 8.90 2.38 10.53 11.31 11.36 0.67 8.26
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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. $7.4B — (loss-making) 1,057× +119.66% (above 0%: growing) n/m −638.46% (below 0%: shrinking) 42.66% (25.41%) Compare
MTRN Materion Corporation $5.3B 56.3× 37.8× +42.22% (above 0%: growing) +53.72% (above 0%: growing) +61.80% (above 0%: growing) 17.00% 8.42%
USAR USA Rare Earth Inc. $4.2B — (loss-making) — (loss-making) — n/m −1,034.95% (below 0%: shrinking) (27.19%) (795.64%) Compare
SKE Skeena Resources Limited $4.0B — (loss-making) — — n/m −112.35% (below 0%: shrinking) 0.00% 0.00% Compare
ALM Almonty Industries Inc. $2.9B 50.2× — +497.16% (above 0%: growing) n/m +133.36% (above 0%: growing) 62.18% 37.51% Compare
NEXA Nexa Resources S.A. $1.7B 6.0× 4.4× +28.16% (above 0%: growing) +5,100.00% (above 0%: growing) +28.53% (above 0%: growing) 28.32% 19.31% Compare
USAS Americas Gold and Silver Corporation $1.3B — (loss-making) — +72.05% (above 0%: growing) n/m −209.58% (below 0%: shrinking) 47.97% 10.95% Compare
TMC TMC the metals company Inc. $1.2B — (loss-making) — — n/m −87.95% (below 0%: shrinking) 0.00% 0.00% Compare
VZLA Vizsla Silver Corp. $1.2B — (loss-making) — — n/m +10.03% (above 0%: growing) 0.00% 0.00% Compare
Median of peers $2.3B — — +95.86% — −100.15% 14.16% 0.00%

All 46 Other Industrial Metals & Mining stocks →

Materion Corporation (MTRN) key facts

  • Strength: Materion Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.8 billion, up 6.04% from fiscal 2024.
  • Strength: Net income was $74.8 million, or $3.61 per share (basic), a net margin of 4.19%.
  • Materion Corporation (MTRN) is an Other Industrial Metals & Mining company in the Basic Materials sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, MTRN traded at $244.17, a market capitalization of $5.3 billion.
  • At that price the stock trades at 56.3× trailing-twelve-month earnings and 2.4× sales; its P/E is higher than 78% of its own readings over the past ten years.
  • Materion Corporation pays an annual dividend of $0.57 per share, a yield of 0.23%, with a payout ratio of 13.3%.
  • Return on equity was 8.26% and debt-to-equity 0.46.
  • Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 4.06 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Materion Corporation (MTRN) Latest News

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stockrow.com/MTRN · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com