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Materion Corp Financials

MTRN
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Materion Corp (MTRN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 52 / 100
Financial Profile 52/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
36

Materion Corp has an operating margin of 6.2%, meaning the company retains $6 of operating profit per $100 of revenue. This results in a moderate score of 36/100, indicating healthy but not exceptional operating efficiency. This is up from 2.8% the prior year.

Growth
43

Materion Corp's revenue grew 6.0% year-over-year to $1.8B, a solid pace of expansion. This earns a growth score of 43/100.

Leverage
93

Materion Corp carries a low D/E ratio of 0.46, meaning only $0.46 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 93/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
60

Materion Corp's current ratio of 3.11 indicates adequate short-term liquidity, earning a score of 60/100. The company can meet its near-term obligations, though with limited headroom.

Returns
29

Materion Corp generates a 7.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 29/100. This is up from 0.7% the prior year.

Altman Z-Score Safe
4.36

Materion Corp scores 4.36, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral
5/9

Materion Corp passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed
1.38x

For every $1 of reported earnings, Materion Corp generates $1.38 in operating cash flow ($103.2M OCF vs $74.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate
3.6x

Materion Corp earns $3.6 in operating income for every $1 of interest expense ($109.8M vs $30.7M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue
$1.8B
YoY+6.0%
5Y CAGR+8.7%
10Y CAGR+5.7%

Materion Corp generated $1.8B in revenue in fiscal year 2025. This represents an increase of 6.0% from the prior year.

EBITDA
$178.9M
YoY+54.3%
5Y CAGR+28.7%
10Y CAGR+7.9%

Materion Corp's EBITDA was $178.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 54.3% from the prior year.

Net Income
$74.8M
YoY+1170.8%
5Y CAGR+37.1%
10Y CAGR+8.8%

Materion Corp reported $74.8M in net income in fiscal year 2025. This represents an increase of 1170.8% from the prior year.

EPS (Diluted)
$3.58
YoY+1178.6%
5Y CAGR+36.7%
10Y CAGR+8.5%

Materion Corp earned $3.58 per diluted share (EPS) in fiscal year 2025. This represents an increase of 1178.6% from the prior year.

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$13.7M
YoY-18.1%
5Y CAGR-12.0%
10Y CAGR-5.6%

Materion Corp held $13.7M in cash against $436.3M in long-term debt as of fiscal year 2025.

Dividends Per Share
$0.56
YoY+3.7%
5Y CAGR+4.1%
10Y CAGR+4.6%

Materion Corp paid $0.56 per share in dividends in fiscal year 2025. This represents an increase of 3.7% from the prior year.

Shares Outstanding
21M
YoY-0.1%
5Y CAGR+0.4%

Materion Corp had 21M shares outstanding in fiscal year 2025. This represents a decrease of 0.1% from the prior year.

Margins & Returns

Gross Margin
17.3%
YoY-2.1pp
5Y CAGR+0.9pp
10Y CAGR-1.3pp

Materion Corp's gross margin was 17.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.1 percentage points from the prior year.

Operating Margin
6.2%
YoY+3.4pp
5Y CAGR+5.5pp
10Y CAGR+1.7pp

Materion Corp's operating margin was 6.2% in fiscal year 2025, reflecting core business profitability. This is up 3.4 percentage points from the prior year.

Net Margin
4.2%
YoY+3.8pp
5Y CAGR+2.9pp
10Y CAGR+1.1pp

Materion Corp's net profit margin was 4.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 3.8 percentage points from the prior year.

Return on Equity
7.9%
YoY+7.2pp
5Y CAGR+5.6pp
10Y CAGR+1.3pp

Materion Corp's ROE was 7.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 7.2 percentage points from the prior year.

Capital Allocation

R&D Spending
$25.9M
YoY-10.6%
5Y CAGR+5.0%
10Y CAGR+7.3%

Materion Corp invested $25.9M in research and development in fiscal year 2025. This represents a decrease of 10.6% from the prior year.

Share Buybacks
$7.8M
5Y CAGR+3.0%
10Y CAGR+1.0%

Materion Corp spent $7.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures
N/A

MTRN Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $489.8M+10.1% $444.8M+3.0% $431.7M+2.7% $420.3M-3.8% $436.9M0.0% $436.7M+2.5% $425.9M+10.5% $385.3M
Cost of Revenue $426.1M+18.8% $358.7M+2.8% $349.0M+1.4% $344.2M+0.1% $343.9M-3.3% $355.8M+3.1% $345.0M+9.8% $314.1M
Gross Profit $63.7M-26.1% $86.1M+4.2% $82.7M+8.5% $76.2M-18.1% $93.0M+14.9% $80.9M+0.1% $80.9M+13.5% $71.2M
R&D Expenses $6.5M-1.1% $6.5M+2.1% $6.4M-1.4% $6.5M+3.0% $6.3M-19.7% $7.9M+2.2% $7.7M+7.8% $7.1M
SG&A Expenses $34.3M-10.3% $38.3M+9.2% $35.0M-1.1% $35.4M-13.8% $41.1M+17.5% $35.0M+4.2% $33.6M-6.3% $35.8M
Operating Income $10.8M-69.0% $34.9M-5.1% $36.8M+35.4% $27.2M+170.9% -$38.3M-222.7% $31.3M-2.5% $32.1M+44.1% $22.2M
Interest Expense $8.0M+6.1% $7.5M-8.3% $8.2M+19.0% $6.9M-21.8% $8.8M+0.1% $8.8M+0.4% $8.8M+6.3% $8.3M
Income Tax -$3.2M-220.2% $2.7M-32.8% $4.0M+23.7% $3.2M+49.0% $2.2M+183.6% $768K-84.2% $4.9M+304.0% $1.2M
Net Income $6.6M-74.1% $25.4M+1.1% $25.1M+42.0% $17.7M+136.2% -$48.9M-319.1% $22.3M+17.1% $19.0M+42.0% $13.4M
EPS (Diluted) N/A $1.22+0.8% $1.21+42.4% $0.85 N/A $1.07+17.6% $0.91+42.2% $0.64

MTRN Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $1.8B+0.5% $1.8B+3.0% $1.7B-0.6% $1.8B+3.2% $1.7B-8.6% $1.9B+2.9% $1.8B-0.1% $1.8B
Current Assets $789.5M+1.7% $776.3M+5.6% $735.1M-3.2% $759.0M+4.8% $724.2M-8.9% $795.4M+7.6% $739.1M-0.1% $739.7M
Cash & Equivalents $13.7M-16.6% $16.4M+30.3% $12.6M-19.5% $15.6M-6.5% $16.7M-6.5% $17.9M+4.5% $17.1M+30.5% $13.1M
Inventory $461.2M-1.3% $467.3M+5.1% $444.6M+1.1% $439.8M-0.3% $441.3M-7.4% $476.6M+2.9% $463.0M-0.8% $466.6M
Accounts Receivable $222.9M+14.1% $195.3M-1.6% $198.4M-9.5% $219.3M+13.2% $193.8M-9.7% $214.6M+15.8% $185.2M-1.6% $188.3M
Goodwill $280.7M+0.1% $280.5M+5.6% $265.7M+0.5% $264.3M+0.2% $263.7M-17.9% $321.1M+0.4% $319.8M-0.1% $319.9M
Total Liabilities $859.5M+0.1% $858.6M+3.4% $830.6M-3.9% $864.4M+4.3% $828.8M-10.4% $925.1M+3.2% $896.8M-2.0% $915.3M
Current Liabilities $253.6M+7.6% $235.6M+1.6% $231.9M-13.2% $267.1M+17.8% $226.7M-10.3% $252.8M+11.1% $227.5M-10.7% $254.6M
Long-Term Debt $436.3M-2.3% $446.8M+10.1% $405.7M+1.7% $398.7M-2.2% $407.7M-10.9% $457.8M+2.6% $446.0M+4.0% $428.7M
Total Equity $943.3M+0.9% $934.6M+2.6% $910.6M+2.6% $887.9M+2.2% $868.9M-6.8% $931.9M+2.7% $907.1M+1.9% $889.9M
Retained Earnings $912.4M+0.4% $908.7M+2.5% $886.2M+2.6% $864.0M+1.8% $849.1M-5.7% $900.8M+2.2% $881.3M+1.9% $865.0M

MTRN Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $19.5M+6.8% $18.3M-63.4% $49.9M+222.2% $15.5M-79.7% $76.3M+1399.0% $5.1M-74.9% $20.3M+246.9% -$13.8M
Capital Expenditures N/A N/A N/A $12.3M-31.2% $17.9M N/A N/A $21.3M
Free Cash Flow N/A N/A N/A $3.2M-94.5% $58.3M N/A N/A -$35.1M
Investing Cash Flow -$20.9M+50.7% -$42.3M-198.8% -$14.2M+31.7% -$20.7M-8.8% -$19.1M-55.1% -$12.3M+44.1% -$22.0M+16.5% -$26.3M
Financing Cash Flow -$1.4M-105.0% $28.0M+170.2% -$39.9M-1245.9% $3.5M+106.1% -$57.1M-949.1% $6.7M+13.9% $5.9M-85.4% $40.3M
Dividends Paid $2.9M0.0% $2.9M0.0% $2.9M+3.5% $2.8M+0.4% $2.8M-0.4% $2.8M0.0% $2.8M+4.0% $2.7M
Share Buybacks $0 $0 N/A N/A $0 $0 N/A N/A

MTRN Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 13.0%-6.4pp 19.4%+0.2pp 19.1%+1.0pp 18.1%-3.2pp 21.3%+2.7pp 18.5%-0.5pp 19.0%+0.5pp 18.5%
Operating Margin 2.2%-5.7pp 7.9%-0.7pp 8.5%+2.1pp 6.5%+15.3pp -8.8%-15.9pp 7.2%-0.4pp 7.5%+1.8pp 5.8%
Net Margin 1.3%-4.4pp 5.7%-0.1pp 5.8%+1.6pp 4.2%+15.4pp -11.2%-16.3pp 5.1%+0.6pp 4.5%+1.0pp 3.5%
Return on Equity 0.7%-2.0pp 2.7%-0.0pp 2.8%+0.8pp 2.0%+7.6pp -5.6%-8.0pp 2.4%+0.3pp 2.1%+0.6pp 1.5%
Return on Assets 0.4%-1.1pp 1.4%-0.0pp 1.4%+0.4pp 1.0%+3.9pp -2.9%-4.1pp 1.2%+0.1pp 1.1%+0.3pp 0.7%
Current Ratio 3.11-0.2 3.29+0.1 3.17+0.3 2.84-0.4 3.19+0.0 3.15-0.1 3.25+0.3 2.91
Debt-to-Equity 0.46-0.0 0.48+0.0 0.450.0 0.45-0.0 0.47-0.0 0.490.0 0.49+0.0 0.48
FCF Margin N/A N/A N/A 0.8%-12.6pp 13.4% N/A N/A -9.1%

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Frequently Asked Questions

Materion Corp (MTRN) reported $1.8B in total revenue for fiscal year 2025. This represents a 6.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Materion Corp (MTRN) revenue grew by 6% year-over-year, from $1.7B to $1.8B in fiscal year 2025.

Yes, Materion Corp (MTRN) reported a net income of $74.8M in fiscal year 2025, with a net profit margin of 4.2%.

Materion Corp (MTRN) reported diluted earnings per share of $3.58 for fiscal year 2025. This represents a 1178.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Materion Corp (MTRN) had EBITDA of $178.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Materion Corp (MTRN) had $13.7M in cash and equivalents against $436.3M in long-term debt.

Materion Corp (MTRN) had a gross margin of 17.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Materion Corp (MTRN) had an operating margin of 6.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Materion Corp (MTRN) had a net profit margin of 4.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Materion Corp (MTRN) paid $0.56 per share in dividends during fiscal year 2025.

Materion Corp (MTRN) has a return on equity of 7.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Materion Corp (MTRN) generated $103.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Materion Corp (MTRN) had $1.8B in total assets as of fiscal year 2025, including both current and long-term assets.

Materion Corp (MTRN) invested $25.9M in research and development during fiscal year 2025.

Yes, Materion Corp (MTRN) spent $7.8M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Materion Corp (MTRN) had 21M shares outstanding as of fiscal year 2025.

Materion Corp (MTRN) had a current ratio of 3.11 as of fiscal year 2025, which is generally considered healthy.

Materion Corp (MTRN) had a debt-to-equity ratio of 0.46 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Materion Corp (MTRN) had a return on assets of 4.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Materion Corp (MTRN) has an Altman Z-Score of 4.36, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Materion Corp (MTRN) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Materion Corp (MTRN) has an earnings quality ratio of 1.38x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Materion Corp (MTRN) has an interest coverage ratio of 3.6x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Materion Corp (MTRN) scores 52 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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