MATERION Corp MTRN
Materion Corporation (referred to herein as the Company, our, we, or us), through its wholly owned subsidiaries, is an integrated producer of high-performance advanced engineered materials used in a variety of electrical, electronic, thermal, and structural applications with $1.8 billion in net sales in 2025. The Company was incorporated in Ohio in 1931. Our products are sold into numerous end markets, including semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and life sciences.
Our businesses are organized under four reportable segments: Performance Materials, Electronic Materials, Precision Optics, and Other. Our Other reportable segment includes unallocated corporate costs. Additional information regarding our segments and business is presented below.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.79B | $1.68B | $1.67B | $1.76B | $1.51B | $1.18B | $1.19B | $1.21B | $1.14B | $969.2M |
| Cost of revenue | $1.48B | $1.36B | $1.32B | $1.41B | $1.23B | $983.6M | $922.7M | $956.5M | $926.6M | $784.7M |
| Gross profit | $308.6M | $326.0M | $349.0M | $343.9M | $283.8M | $192.6M | $262.7M | $251.4M | $212.8M | $184.5M |
| R&D | $25.9M | $29.0M | $27.5M | $29.0M | $26.6M | $20.3M | $18.3M | $15.2M | $14.0M | $12.8M |
| SG&A | $143.1M | $145.6M | $157.9M | $169.3M | $163.8M | $134.0M | $147.2M | $153.5M | $144.3M | $129.0M |
| Operating income | $109.8M | $47.2M | $136.4M | $119.8M | $77.1M | $8.2M | $70.5M | $61.8M | $40.0M | $28.9M |
| Interest expense | $30.7M | $34.8M | $31.3M | $21.9M | $4.9M | $3.9M | $1.6M | $2.5M | $2.2M | $1.8M |
| Pre-tax income | $81.5M | $14.9M | $107.8M | $103.1M | $77.3M | $8.3M | $65.5M | $16.6M | $36.4M | $25.3M |
| Income tax | $6.7M | $9.0M | $12.1M | $17.1M | $4.9M | $7.2M | $12.1M | $4.4M | $24.9M | $425.0K |
| Net income | $74.8M | $5.9M | $95.7M | $86.0M | $72.5M | $15.5M | $53.4M | $21.0M | $11.5M | $25.7M |
| EPS, basic | 3.61 | 0.28 | 4.64 | 4.19 | 3.55 | 0.76 | 2.62 | 1.04 | 0.57 | 1.29 |
| EPS, diluted | 3.58 | 0.28 | 4.58 | 4.14 | 3.50 | 0.75 | 2.59 | 1.02 | 0.56 | 1.27 |
| Shares, diluted (wtd. avg.) | $20.9M | $20.9M | $20.9M | $20.8M | $20.7M | $20.6M | $20.7M | $20.6M | $20.4M | $20.2M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $13.7M | $16.7M | $13.3M | $13.1M | $14.5M | $25.9M | $125.0M | $70.6M | $41.8M | $31.5M |
| Receivables | $222.9M | $193.8M | $192.7M | $215.2M | $213.8M | $166.4M | $154.8M | $130.5M | $124.0M | $100.8M |
| Inventory | $461.2M | $441.3M | $441.6M | $423.1M | $361.1M | $250.8M | $236.3M | $214.9M | $220.4M | $200.9M |
| Total current assets | $789.5M | $724.2M | $709.4M | $690.4M | $627.3M | $464.0M | $537.7M | $439.4M | $410.9M | $345.3M |
| Property, plant and equipment | $535.5M | $510.8M | $514.7M | $448.8M | $409.0M | $309.7M | $232.3M | $251.0M | $255.6M | $252.6M |
| Goodwill | $280.7M | $263.7M | $320.9M | $319.5M | $318.6M | $144.9M | $79.0M | $90.7M | $90.7M | $87.0M |
| Other intangibles | $105.9M | $109.3M | $133.6M | $139.6M | $156.7M | $54.7M | $6.4M | $6.5M | $9.8M | $11.1M |
| Total assets | $1.80B | $1.70B | $1.76B | $1.69B | $1.61B | $1.06B | $898.4M | $843.3M | $791.1M | $741.3M |
| Accounts payable | $148.6M | $105.9M | $125.7M | $107.9M | $86.2M | $55.6M | $43.2M | $49.6M | $49.1M | $32.5M |
| Short-term debt | $22.4M | $34.3M | $38.6M | $21.1M | $15.4M | $1.9M | $868.0K | $823.0K | $777.0K | $733.0K |
| Total current liabilities | $253.6M | $226.7M | $255.0M | $239.0M | $204.5M | $126.9M | $122.4M | $139.8M | $127.1M | $90.4M |
| Long-term debt | $436.3M | $407.7M | $387.6M | $410.9M | $434.4M | $36.5M | $1.3M | $2.1M | $2.8M | $3.6M |
| Retained earnings | $912.4M | $849.1M | $854.3M | $769.4M | $693.8M | $631.1M | $625.0M | $548.4M | $536.1M | $517.9M |
| Total equity | $943.3M | $868.9M | $885.1M | $800.0M | $720.4M | $655.6M | $645.7M | $586.2M | $527.1M | $494.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $103.2M | $87.8M | $144.4M | $116.0M | $90.2M | $101.1M | $99.2M | $76.4M | $67.8M | $68.2M |
| Depreciation and amortisation | $69.1M | $68.7M | $61.6M | $53.4M | $44.1M | $42.4M | $41.1M | $35.5M | $42.8M | $45.7M |
| Stock-based compensation | $10.9M | $10.6M | $10.1M | $8.8M | $6.5M | $5.5M | $7.2M | $5.3M | $5.0M | $3.2M |
| Capital expenditure | — | $68.6M | $110.5M | $77.6M | $102.9M | $67.3M | $24.3M | $27.7M | $27.5M | $27.2M |
| Investing cash flow | -$98.1M | -$79.6M | -$119.2M | -$79.7M | -$494.3M | -$194.7M | -$26.5M | -$33.8M | -$43.4M | -$37.4M |
| Financing cash flow | -$9.8M | -$4.2M | -$24.9M | -$35.6M | $393.0M | -$7.1M | -$18.1M | -$13.6M | -$15.4M | -$23.1M |
| Dividends paid | $11.5M | $11.1M | $10.6M | $10.2M | $9.7M | $9.3M | $8.9M | $8.4M | $7.9M | $7.5M |
| Buybacks | $7.8M | $0 | $0 | $0 | $0 | $6.8M | $199.0K | $422.0K | $1.1M | $3.8M |
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 0001104657-26-000011.
Others in SIC 3460
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| TRS | TRIMAS CORP | $1.42B | 13.4x | 2.4% |
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