M-tron Industries, Inc. MPTI
Originally founded in 1965, M-tron Industries, Inc. is engaged in the designing, manufacturing and marketing of highly engineered, high reliability frequency and spectrum control products used to control the frequency or timing of signals in electronic circuits in various applications. Mtron's primary markets are aerospace and defense, avionics, industrials, and space.
Our component-level devices and integrated modules are used extensively in electronic systems for applications in aerospace and defense, avionics, satellites, global positioning systems, down-hole drilling, medical systems, instrumentation, and industrial devices. As an engineering-centric company, Mtron provides close support to the customer throughout its products' entire life cycles, including product design, prototyping, production and subsequent product upgrades and maintenance. This collaborative approach has resulted in the development and growth of long-standing business relationships with its customers.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $54.4M | $49.0M | $41.2M | $31.8M | $26.7M | — |
| R&D | $3.2M | $2.8M | $2.2M | $2.0M | $2.0M | — |
| Total operating expenses | $44.1M | $39.6M | $36.9M | — | — | — |
| Operating income | $10.3M | $9.4M | $4.3M | $2.9M | $2.1M | — |
| Interest expense | $539.0K | $243.0K | $7.0K | $11.0K | $12.0K | — |
| Pre-tax income | $11.0M | $9.8M | $4.4M | $2.6M | $2.1M | — |
| Income tax | $2.5M | $2.1M | $911.0K | $797.0K | $531.0K | — |
| Net income | $8.4M | $7.6M | $3.5M | $1.8M | $1.6M | — |
| EPS, basic | 2.94 | 2.78 | 1.29 | 0.67 | 0.59 | — |
| EPS, diluted | 2.62 | 2.65 | 1.28 | 0.67 | 0.59 | — |
| Shares, diluted (wtd. avg.) | $3.2M | $2.9M | $2.7M | $2.7M | $2.7M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $20.9M | $12.6M | $3.9M | $926.0K | $2.6M | $2.5M |
| Receivables | $6.7M | $6.8M | $4.8M | $5.2M | $4.0M | — |
| Inventory | $9.7M | $9.5M | $8.9M | $7.5M | $5.2M | — |
| Total current assets | $61.2M | $29.8M | $18.2M | $14.3M | $12.1M | — |
| Property, plant and equipment | $6.5M | $5.1M | $4.1M | $3.6M | $3.4M | — |
| Goodwill | — | — | $5.0K | $40.0K | $40.0K | — |
| Other intangibles | $40.0K | $40.0K | $45.0K | $98.0K | $112.0K | — |
| Total assets | $68.4M | $36.6M | $24.3M | $19.3M | $20.0M | — |
| Accounts payable | $1.8M | $1.4M | $1.3M | $2.4M | $1.4M | — |
| Total current liabilities | $4.9M | $5.2M | $4.4M | $4.9M | $3.0M | — |
| Total liabilities | $5.2M | $5.3M | $4.4M | $4.9M | $3.2M | — |
| Retained earnings | $19.8M | $11.3M | $3.7M | $212.0K | — | — |
| Total equity | $63.2M | $31.3M | $19.9M | $14.3M | $16.8M | $15.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | $10.7M | $7.5M | $4.4M | $2.0M | $3.0M | — |
| Depreciation and amortisation | $1.1M | $968.0K | $797.0K | $671.0K | $488.0K | — |
| Stock-based compensation | $1.1M | $636.0K | $2.4M | $458.0K | $292.0K | — |
| Capital expenditure | $2.6M | $1.9M | $1.3M | $936.0K | $1.1M | — |
| Investing cash flow | -$2.6M | -$1.9M | -$1.3M | -$936.0K | -$1.1M | — |
| Financing cash flow | $142.0K | $3.1M | -$137.0K | -$2.8M | -$1.7M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-014017.
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