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Minerals Tech Financials

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

This page shows Minerals Tech (MTX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 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 38 / 100
Financial Profile 38/100

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

Profitability
27

Minerals Tech has an operating margin of 2.3%, meaning the company retains $2 of operating profit per $100 of revenue. This below-average margin results in a low score of 27/100, suggesting thin profitability after operating expenses. This is down from 13.5% the prior year.

Growth
30

Minerals Tech's revenue declined 2.2% year-over-year, from $2.1B to $2.1B. This contraction results in a growth score of 30/100.

Leverage
91

Minerals Tech carries a low D/E ratio of 0.56, meaning only $0.56 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 91/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
38

Minerals Tech's current ratio of 2.08 indicates adequate short-term liquidity, earning a score of 38/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
35

Minerals Tech has a free cash flow margin of 4.2%, earning a moderate score of 35/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
9

Minerals Tech generates a -1.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 9/100. This is down from 9.6% the prior year.

Altman Z-Score Grey Zone
2.60

Minerals Tech scores 2.60, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Piotroski F-Score Neutral
4/9

Minerals Tech passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed
-10.53x

For every $1 of reported earnings, Minerals Tech generates $-10.53 in operating cash flow ($193.7M OCF vs -$18.4M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue
$2.1B
YoY-2.2%
5Y CAGR+5.4%
10Y CAGR+1.4%

Minerals Tech generated $2.1B in revenue in fiscal year 2025. This represents a decrease of 2.2% from the prior year.

EBITDA
N/A
Net Income
-$18.4M
YoY-111.0%

Minerals Tech reported -$18.4M in net income in fiscal year 2025. This represents a decrease of 111.0% from the prior year.

EPS (Diluted)
$-0.59
YoY-111.4%

Minerals Tech earned $-0.59 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 111.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$86.6M
YoY-41.0%
5Y CAGR-13.0%
10Y CAGR-7.3%

Minerals Tech generated $86.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 41.0% from the prior year.

Cash & Debt
$329.0M
YoY-1.2%
5Y CAGR-2.2%
10Y CAGR+3.7%

Minerals Tech held $329.0M in cash against $955.0M in long-term debt as of fiscal year 2025.

Dividends Per Share
$0.45
YoY+9.8%
5Y CAGR+17.6%
10Y CAGR+8.4%

Minerals Tech paid $0.45 per share in dividends in fiscal year 2025. This represents an increase of 9.8% from the prior year.

Shares Outstanding
31M
YoY-2.7%
5Y CAGR-1.7%
10Y CAGR-1.2%

Minerals Tech had 31M shares outstanding in fiscal year 2025. This represents a decrease of 2.7% from the prior year.

Margins & Returns

Gross Margin
25.0%
YoY-0.9pp
5Y CAGR-0.4pp
10Y CAGR-1.2pp

Minerals Tech's gross margin was 25.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.9 percentage points from the prior year.

Operating Margin
2.3%
YoY-11.2pp
5Y CAGR-9.5pp
10Y CAGR-8.8pp

Minerals Tech's operating margin was 2.3% in fiscal year 2025, reflecting core business profitability. This is down 11.2 percentage points from the prior year.

Net Margin
-0.9%
YoY-8.8pp
5Y CAGR-7.9pp
10Y CAGR-6.9pp

Minerals Tech's net profit margin was -0.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 8.8 percentage points from the prior year.

Return on Equity
-1.1%
YoY-10.6pp
5Y CAGR-8.8pp
10Y CAGR-12.9pp

Minerals Tech's ROE was -1.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 10.6 percentage points from the prior year.

Capital Allocation

R&D Spending
$22.9M
YoY-0.4%
5Y CAGR+2.8%
10Y CAGR-0.3%

Minerals Tech invested $22.9M in research and development in fiscal year 2025. This represents a decrease of 0.4% from the prior year.

Share Buybacks
$58.5M
YoY-8.0%
5Y CAGR+7.5%

Minerals Tech spent $58.5M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 8.0% from the prior year.

Capital Expenditures
$107.1M
YoY+19.7%
5Y CAGR+9.9%
10Y CAGR+2.2%

Minerals Tech invested $107.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 19.7% from the prior year.

MTX Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $519.5M-2.4% $532.4M+0.7% $528.9M+7.5% $491.8M-5.1% $518.1M-1.3% $524.7M-3.0% $541.2M+1.3% $534.5M
Cost of Revenue $395.0M-0.1% $395.4M+0.9% $392.0M+5.3% $372.2M-3.4% $385.4M-1.1% $389.5M-2.0% $397.3M-0.3% $398.6M
Gross Profit $124.5M-9.1% $137.0M+0.1% $136.9M+14.5% $119.6M-9.9% $132.7M-1.8% $135.2M-6.0% $143.9M+5.9% $135.9M
R&D Expenses $5.8M+3.6% $5.6M-1.8% $5.7M-1.7% $5.8M+1.8% $5.7M-3.4% $5.9M+1.7% $5.8M+3.6% $5.6M
SG&A Expenses $52.2M-1.5% $53.0M+1.5% $52.2M+3.2% $50.6M-4.2% $52.8M+5.4% $50.1M-6.0% $53.3M+0.6% $53.0M
Operating Income $62.0M-12.6% $70.9M-5.0% $74.6M+146.6% -$160.1M-290.4% $84.1M+9.8% $76.6M+51.4% $50.6M-32.7% $75.2M
Interest Expense N/A N/A N/A N/A N/A N/A N/A $14.9M
Income Tax $9.6M-28.9% $13.5M-2.9% $13.9M+143.3% -$32.1M-298.1% $16.2M+18.2% $13.7M-12.2% $15.6M+12.2% $13.9M
Net Income $37.2M-13.5% $43.0M-5.3% $45.4M+131.5% -$144.0M-366.7% $54.0M+15.6% $46.7M+137.1% $19.7M-57.8% $46.7M
EPS (Diluted) N/A $1.37-4.9% $1.44+131.9% $-4.51 N/A $1.45+137.7% $0.61-57.6% $1.44

MTX Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $3.5B+0.3% $3.5B+0.1% $3.5B+1.6% $3.4B+0.2% $3.4B0.0% $3.4B+1.4% $3.3B+0.2% $3.3B
Current Assets $1.2B-1.5% $1.2B0.0% $1.2B+3.2% $1.1B+0.5% $1.1B-0.9% $1.1B+2.4% $1.1B+1.1% $1.1B
Cash & Equivalents $329.0M+2.9% $319.6M+1.8% $313.8M+2.3% $306.6M-8.0% $333.1M+5.0% $317.1M+2.1% $310.6M-1.6% $315.7M
Inventory $350.2M-3.7% $363.7M+1.1% $359.6M+2.0% $352.5M+3.0% $342.1M0.0% $342.2M+2.8% $333.0M+2.1% $326.0M
Accounts Receivable $400.1M-3.2% $413.4M-2.9% $425.9M+4.9% $405.9M+5.4% $385.2M-6.6% $412.5M+1.8% $405.1M+2.2% $396.3M
Goodwill $915.9M0.0% $916.2M0.0% $915.9M+0.1% $914.6M+0.1% $913.8M-0.1% $914.3M+0.2% $912.8M0.0% $913.1M
Total Liabilities $1.7B-1.7% $1.7B-1.0% $1.8B0.0% $1.8B+9.7% $1.6B-2.3% $1.6B0.0% $1.6B+0.3% $1.6B
Current Liabilities $555.4M-6.1% $591.5M-1.9% $602.8M+0.5% $599.9M+50.8% $397.7M-14.3% $464.0M+2.3% $453.6M+2.7% $441.8M
Long-Term Debt $955.0M-0.3% $957.8M-0.1% $959.0M-0.1% $960.1M+0.1% $959.6M+7.3% $894.7M-0.3% $897.7M-0.7% $904.4M
Total Equity $1.7B+2.3% $1.7B+1.3% $1.7B+3.5% $1.6B-8.5% $1.7B+2.4% $1.7B+2.6% $1.7B+0.1% $1.7B
Retained Earnings $2.5B+1.4% $2.4B+1.6% $2.4B+1.8% $2.4B-5.9% $2.5B+2.0% $2.5B+1.8% $2.4B+0.7% $2.4B

MTX Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $64.3M-9.3% $70.9M+12.7% $62.9M+1529.5% -$4.4M-106.3% $70.4M+17.3% $60.0M+19.8% $50.1M-10.4% $55.9M
Capital Expenditures $32.4M+18.7% $27.3M-6.2% $29.1M+59.0% $18.3M-34.9% $28.1M+13.8% $24.7M+22.3% $20.2M+22.4% $16.5M
Free Cash Flow $31.9M-26.8% $43.6M+29.0% $33.8M+248.9% -$22.7M-153.7% $42.3M+19.8% $35.3M+18.1% $29.9M-24.1% $39.4M
Investing Cash Flow -$27.5M+26.9% -$37.6M-4.7% -$35.9M-64.7% -$21.8M-29.0% -$16.9M+46.9% -$31.8M-8.9% -$29.2M-75.9% -$16.6M
Financing Cash Flow -$29.4M-12.2% -$26.2M+12.1% -$29.8M-664.1% -$3.9M+81.3% -$20.8M+40.2% -$34.8M-52.6% -$22.8M+28.7% -$32.0M
Dividends Paid $3.8M+11.8% $3.4M0.0% $3.4M-5.6% $3.6M+2.9% $3.5M+9.4% $3.2M-3.0% $3.3M+3.1% $3.2M
Share Buybacks $11.0M-35.3% $17.0M-10.5% $19.0M+65.2% $11.5M+85.5% $6.2M-72.8% $22.8M+16.3% $19.6M+30.7% $15.0M

MTX Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 24.0%-1.8pp 25.7%-0.2pp 25.9%+1.6pp 24.3%-1.3pp 25.6%-0.2pp 25.8%-0.8pp 26.6%+1.2pp 25.4%
Operating Margin 11.9%-1.4pp 13.3%-0.8pp 14.1%+46.7pp -32.6%-48.8pp 16.2%+1.6pp 14.6%+5.2pp 9.3%-4.7pp 14.1%
Net Margin 7.2%-0.9pp 8.1%-0.5pp 8.6%+37.9pp -29.3%-39.7pp 10.4%+1.5pp 8.9%+5.3pp 3.6%-5.1pp 8.7%
Return on Equity 2.2%-0.4pp 2.6%-0.2pp 2.7%+11.8pp -9.0%-12.1pp 3.1%+0.3pp 2.7%+1.6pp 1.2%-1.6pp 2.8%
Return on Assets 1.1%-0.2pp 1.2%-0.1pp 1.3%+5.5pp -4.2%-5.8pp 1.6%+0.2pp 1.4%+0.8pp 0.6%-0.8pp 1.4%
Current Ratio 2.08+0.1 1.98+0.0 1.95+0.1 1.89-0.9 2.84+0.4 2.460.0 2.46-0.0 2.49
Debt-to-Equity 0.56-0.0 0.570.0 0.58-0.0 0.60+0.1 0.55+0.0 0.52-0.0 0.540.0 0.54
FCF Margin 6.1%-2.0pp 8.2%+1.8pp 6.4%+11.0pp -4.6%-12.8pp 8.2%+1.4pp 6.7%+1.2pp 5.5%-1.9pp 7.4%

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Frequently Asked Questions

Minerals Tech (MTX) reported $2.1B in total revenue for fiscal year 2025. This represents a -2.2% 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.

Minerals Tech (MTX) revenue declined by 2.2% year-over-year, from $2.1B to $2.1B in fiscal year 2025.

No, Minerals Tech (MTX) reported a net income of -$18.4M in fiscal year 2025, with a net profit margin of -0.9%.

Minerals Tech (MTX) reported diluted earnings per share of $-0.59 for fiscal year 2025. This represents a -111.4% 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.

As of fiscal year 2025, Minerals Tech (MTX) had $329.0M in cash and equivalents against $955.0M in long-term debt.

Minerals Tech (MTX) had a gross margin of 25.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Minerals Tech (MTX) had an operating margin of 2.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Minerals Tech (MTX) had a net profit margin of -0.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Minerals Tech (MTX) paid $0.45 per share in dividends during fiscal year 2025.

Minerals Tech (MTX) has a return on equity of -1.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Minerals Tech (MTX) generated $86.6M in free cash flow during fiscal year 2025. This represents a -41.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Minerals Tech (MTX) generated $193.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Minerals Tech (MTX) had $3.5B in total assets as of fiscal year 2025, including both current and long-term assets.

Minerals Tech (MTX) invested $107.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Minerals Tech (MTX) invested $22.9M in research and development during fiscal year 2025.

Yes, Minerals Tech (MTX) spent $58.5M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Minerals Tech (MTX) had 31M shares outstanding as of fiscal year 2025.

Minerals Tech (MTX) had a current ratio of 2.08 as of fiscal year 2025, which is generally considered healthy.

Minerals Tech (MTX) had a debt-to-equity ratio of 0.56 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Minerals Tech (MTX) had a return on assets of -0.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Minerals Tech (MTX) has an Altman Z-Score of 2.60, placing it in the Grey Zone (moderate 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.

Minerals Tech (MTX) has a Piotroski F-Score of 4 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.

Minerals Tech (MTX) has an earnings quality ratio of -10.53x, considered mixed 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.

Minerals Tech (MTX) scores 38 out of 100 on our Financial Profile, indicating weak 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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