Minerals Tech Financials
This page shows Minerals Tech (MTX) 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
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Minerals Tech has an operating margin of 13.5%, meaning the company retains $14 of operating profit per $100 of revenue. This strong profitability earns a score of 68/100, reflecting efficient cost management and pricing power. This is up from 7.9% the prior year.
Minerals Tech's revenue declined 2.4% year-over-year, from $2.2B to $2.1B. This contraction results in a growth score of 22/100.
Minerals Tech carries a low D/E ratio of 0.55, meaning only $0.55 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.
With a current ratio of 2.84, Minerals Tech holds $2.84 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 94/100.
Minerals Tech has a free cash flow margin of 6.9%, earning a moderate score of 35/100. The company generates positive cash flow after capital investments, but with room for improvement.
Minerals Tech's ROE of 9.6% shows moderate profitability relative to equity, earning a score of 38/100. This is up from 5.1% the prior year.
Minerals Tech scores 3.05, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Minerals Tech passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Minerals Tech generates $1.41 in operating cash flow ($236.4M OCF vs $167.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Minerals Tech generated $2.1B in revenue in fiscal year 2024. This represents a decrease of 2.4% from the prior year.
Minerals Tech generated $146.9M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 4.9% from the prior year.
Minerals Tech reported $167.1M in net income in fiscal year 2024. This represents an increase of 98.7% from the prior year.
Minerals Tech earned $5.17 per diluted share (EPS) in fiscal year 2024. This represents an increase of 100.4% from the prior year.
Minerals Tech held $333.1M in cash against $959.6M in long-term debt as of fiscal year 2024.
Minerals Tech paid $0.41 per share in dividends in fiscal year 2024. This represents an increase of 64.0% from the prior year.
Minerals Tech had 32M shares outstanding in fiscal year 2024. This represents a decrease of 1.4% from the prior year.
Minerals Tech's gross margin was 25.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 2.5 percentage points from the prior year.
Minerals Tech's operating margin was 13.5% in fiscal year 2024, reflecting core business profitability. This is up 5.6 percentage points from the prior year.
Minerals Tech's net profit margin was 7.9% in fiscal year 2024, showing the share of revenue converted to profit. This is up 4.0 percentage points from the prior year.
Minerals Tech's ROE was 9.6% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 4.5 percentage points from the prior year.
Minerals Tech invested $23.0M in research and development in fiscal year 2024. This represents an increase of 8.5% from the prior year.
Minerals Tech spent $63.6M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 347.9% from the prior year.
Minerals Tech invested $89.5M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 4.3% from the prior year.
MTX Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $532.4M+0.7% | $528.9M+7.5% | $491.8M-5.1% | $518.1M-4.3% | $541.2M+1.3% | $534.5M+1.9% | $524.5M-4.3% | $547.8M |
| Cost of Revenue | $395.4M+0.9% | $392.0M+5.3% | $372.2M-3.4% | $385.4M-3.0% | $397.3M-0.3% | $398.6M-0.2% | $399.2M-3.7% | $414.7M |
| Gross Profit | $137.0M+0.1% | $136.9M+14.5% | $119.6M-9.9% | $132.7M-7.8% | $143.9M+5.9% | $135.9M+8.5% | $125.3M-5.9% | $133.1M |
| R&D Expenses | $5.6M-1.8% | $5.7M-1.7% | $5.8M+1.8% | $5.7M-1.7% | $5.8M+3.6% | $5.6M+9.8% | $5.1M-1.9% | $5.2M |
| SG&A Expenses | $53.0M+1.5% | $52.2M+3.2% | $50.6M-4.2% | $52.8M-0.9% | $53.3M+0.6% | $53.0M+3.9% | $51.0M+0.2% | $50.9M |
| Operating Income | $70.9M-5.0% | $74.6M+146.6% | -$160.1M-290.4% | $84.1M+66.2% | $50.6M-32.7% | $75.2M+12.6% | $66.8M+945.6% | -$7.9M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | $14.9M-2.0% | $15.2M-0.7% | $15.3M |
| Income Tax | $13.5M-2.9% | $13.9M+143.3% | -$32.1M-298.1% | $16.2M+3.8% | $15.6M+12.2% | $13.9M+51.1% | $9.2M+362.9% | -$3.5M |
| Net Income | $43.0M-5.3% | $45.4M+131.5% | -$144.0M-366.7% | $54.0M+174.1% | $19.7M-57.8% | $46.7M+17.6% | $39.7M+306.8% | -$19.2M |
| EPS (Diluted) | $1.37-4.9% | $1.44+131.9% | $-4.51-370.1% | $1.67+173.8% | $0.61-57.6% | $1.44+19.0% | $1.21+305.1% | $-0.59 |
MTX Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.5B+0.1% | $3.5B+1.6% | $3.4B+0.2% | $3.4B+1.4% | $3.3B+0.2% | $3.3B-0.2% | $3.3B+0.1% | $3.3B |
| Current Assets | $1.2B0.0% | $1.2B+3.2% | $1.1B+0.5% | $1.1B+1.5% | $1.1B+1.1% | $1.1B+0.2% | $1.1B+0.4% | $1.1B |
| Cash & Equivalents | $319.6M+1.8% | $313.8M+2.3% | $306.6M-8.0% | $333.1M+7.2% | $310.6M-1.6% | $315.7M-0.5% | $317.2M+18.2% | $268.4M |
| Inventory | $363.7M+1.1% | $359.6M+2.0% | $352.5M+3.0% | $342.1M+2.7% | $333.0M+2.1% | $326.0M+0.2% | $325.4M-3.6% | $337.5M |
| Accounts Receivable | $413.4M-2.9% | $425.9M+4.9% | $405.9M+5.4% | $385.2M-4.9% | $405.1M+2.2% | $396.3M-0.7% | $399.1M-4.6% | $418.3M |
| Goodwill | $916.2M0.0% | $915.9M+0.1% | $914.6M+0.1% | $913.8M+0.1% | $912.8M0.0% | $913.1M-0.1% | $913.6M0.0% | $913.6M |
| Total Liabilities | $1.7B-1.0% | $1.8B0.0% | $1.8B+9.7% | $1.6B-2.3% | $1.6B+0.3% | $1.6B-1.0% | $1.7B-3.6% | $1.7B |
| Current Liabilities | $591.5M-1.9% | $602.8M+0.5% | $599.9M+50.8% | $397.7M-12.3% | $453.6M+2.7% | $441.8M-3.4% | $457.3M-3.4% | $473.5M |
| Long-Term Debt | $957.8M-0.1% | $959.0M-0.1% | $960.1M+0.1% | $959.6M+6.9% | $897.7M-0.7% | $904.4M-0.7% | $911.1M-0.8% | $918.0M |
| Total Equity | $1.7B+1.3% | $1.7B+3.5% | $1.6B-8.5% | $1.7B+5.1% | $1.7B+0.1% | $1.7B+0.6% | $1.7B+4.0% | $1.6B |
| Retained Earnings | $2.4B+1.6% | $2.4B+1.8% | $2.4B-5.9% | $2.5B+3.9% | $2.4B+0.7% | $2.4B+1.8% | $2.4B+1.6% | $2.3B |
MTX Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $70.9M+12.7% | $62.9M+1529.5% | -$4.4M-106.3% | $70.4M+40.5% | $50.1M-10.4% | $55.9M-41.3% | $95.3M+61.3% | $59.1M |
| Capital Expenditures | $27.3M-6.2% | $29.1M+59.0% | $18.3M-34.9% | $28.1M+39.1% | $20.2M+22.4% | $16.5M-26.7% | $22.5M-10.4% | $25.1M |
| Free Cash Flow | $43.6M+29.0% | $33.8M+248.9% | -$22.7M-153.7% | $42.3M+41.5% | $29.9M-24.1% | $39.4M-45.9% | $72.8M+114.1% | $34.0M |
| Investing Cash Flow | -$37.6M-4.7% | -$35.9M-64.7% | -$21.8M-29.0% | -$16.9M+42.1% | -$29.2M-75.9% | -$16.6M-4.4% | -$15.9M+40.0% | -$26.5M |
| Financing Cash Flow | -$26.2M+12.1% | -$29.8M-664.1% | -$3.9M+81.3% | -$20.8M+8.8% | -$22.8M+28.7% | -$32.0M+23.1% | -$41.6M-914.6% | -$4.1M |
| Dividends Paid | $3.4M0.0% | $3.4M-5.6% | $3.6M+2.9% | $3.5M+6.1% | $3.3M+3.1% | $3.2M0.0% | $3.2M+100.0% | $1.6M |
| Share Buybacks | $17.0M-10.5% | $19.0M+65.2% | $11.5M+85.5% | $6.2M-68.4% | $19.6M+30.7% | $15.0M+5.6% | $14.2M | $0 |
MTX Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 25.7%-0.2pp | 25.9%+1.6pp | 24.3%-1.3pp | 25.6%-1.0pp | 26.6%+1.2pp | 25.4%+1.5pp | 23.9%-0.4pp | 24.3% |
| Operating Margin | 13.3%-0.8pp | 14.1%+46.7pp | -32.6%-48.8pp | 16.2%+6.9pp | 9.3%-4.7pp | 14.1%+1.3pp | 12.7%+14.2pp | -1.4% |
| Net Margin | 8.1%-0.5pp | 8.6%+37.9pp | -29.3%-39.7pp | 10.4%+6.8pp | 3.6%-5.1pp | 8.7%+1.2pp | 7.6%+11.1pp | -3.5% |
| Return on Equity | 2.6%-0.2pp | 2.7% | N/A | 3.1%+1.9pp | 1.2%-1.6pp | 2.8%+0.4pp | 2.4% | N/A |
| Return on Assets | 1.2%-0.1pp | 1.3%+5.5pp | -4.2%-5.8pp | 1.6%+1.0pp | 0.6%-0.8pp | 1.4%+0.2pp | 1.2%+1.8pp | -0.6% |
| Current Ratio | 1.98+0.0 | 1.95+0.1 | 1.89-0.9 | 2.84+0.4 | 2.46-0.0 | 2.49+0.1 | 2.40+0.1 | 2.31 |
| Debt-to-Equity | 0.570.0 | 0.58-0.0 | 0.60+0.1 | 0.550.0 | 0.540.0 | 0.540.0 | 0.55-0.0 | 0.58 |
| FCF Margin | 8.2%+1.8pp | 6.4%+11.0pp | -4.6%-12.8pp | 8.2%+2.6pp | 5.5%-1.9pp | 7.4%-6.5pp | 13.9%+7.7pp | 6.2% |
Similar Companies
Frequently Asked Questions
What is Minerals Tech's annual revenue?
Minerals Tech (MTX) reported $2.1B in total revenue for fiscal year 2024. This represents a -2.4% 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.
How fast is Minerals Tech's revenue growing?
Minerals Tech (MTX) revenue declined by 2.4% year-over-year, from $2.2B to $2.1B in fiscal year 2024.
Is Minerals Tech profitable?
Yes, Minerals Tech (MTX) reported a net income of $167.1M in fiscal year 2024, with a net profit margin of 7.9%.
What is Minerals Tech's earnings per share (EPS)?
Minerals Tech (MTX) reported diluted earnings per share of $5.17 for fiscal year 2024. This represents a 100.4% 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.
How much debt does Minerals Tech have?
As of fiscal year 2024, Minerals Tech (MTX) had $333.1M in cash and equivalents against $959.6M in long-term debt.
What is Minerals Tech's gross margin?
Minerals Tech (MTX) had a gross margin of 25.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Minerals Tech's operating margin?
Minerals Tech (MTX) had an operating margin of 13.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Minerals Tech's net profit margin?
Minerals Tech (MTX) had a net profit margin of 7.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Minerals Tech pay dividends?
Yes, Minerals Tech (MTX) paid $0.41 per share in dividends during fiscal year 2024.
What is Minerals Tech's return on equity (ROE)?
Minerals Tech (MTX) has a return on equity of 9.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Minerals Tech's free cash flow?
Minerals Tech (MTX) generated $146.9M in free cash flow during fiscal year 2024. This represents a 4.9% 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.
What is Minerals Tech's operating cash flow?
Minerals Tech (MTX) generated $236.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Minerals Tech's total assets?
Minerals Tech (MTX) had $3.4B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Minerals Tech's capital expenditures?
Minerals Tech (MTX) invested $89.5M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Minerals Tech spend on research and development?
Minerals Tech (MTX) invested $23.0M in research and development during fiscal year 2024.
Does Minerals Tech buy back shares?
Yes, Minerals Tech (MTX) spent $63.6M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Minerals Tech have outstanding?
Minerals Tech (MTX) had 32M shares outstanding as of fiscal year 2024.
What is Minerals Tech's current ratio?
Minerals Tech (MTX) had a current ratio of 2.84 as of fiscal year 2024, which is generally considered healthy.
What is Minerals Tech's debt-to-equity ratio?
Minerals Tech (MTX) had a debt-to-equity ratio of 0.55 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Minerals Tech's return on assets (ROA)?
Minerals Tech (MTX) had a return on assets of 4.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Minerals Tech's Altman Z-Score?
Minerals Tech (MTX) has an Altman Z-Score of 3.05, 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.
What is Minerals Tech's Piotroski F-Score?
Minerals Tech (MTX) has a Piotroski F-Score of 7 out of 9, indicating strong 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.
Are Minerals Tech's earnings high quality?
Minerals Tech (MTX) has an earnings quality ratio of 1.41x, 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.
How financially healthy is Minerals Tech?
Minerals Tech (MTX) scores 58 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.