MATERION Corp MTRN

Industrials SIC 3460 - Metal Forgings & Stampings NAICS Manufacturing › Fabricated Metal Product Manufacturing › Forging and Stamping derived NYSE

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.

Last close 221.06 2026-10-23
Market cap $4.61B 2026-07-03 share count
52-week range 109.61 - 324.99

Valuation FY2025 figures against the last close

P/S2.6x
P/E61.7x
P/FCF44.6x
EV/EBITDA28.2x
Dividend yield0.2%
Diluted EPS3.58

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Asia
  • Europe
  • All other
Revenue by geography, 4 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 579.2M (32.4%) 32% United States Asia, FY2025: 576.5M (32.3%) 32% Asia Europe, FY2025: 570.6M (31.9%) 32% Europe All other, FY2025: 60.3M (3.4%) FY2024 United States, FY2024: 720.4M (42.8%) 43% Asia, FY2024: 508.3M (30.2%) 30% Europe, FY2024: 431.3M (25.6%) 26% All other, FY2024: 24.6M (1.5%) FY2023 United States, FY2023: 815.4M (49.0%) 49% Asia, FY2023: 406.1M (24.4%) 24% Europe, FY2023: 422M (25.3%) 25% All other, FY2023: 21.6M (1.3%)
Region FY2025FY2024FY2023
United States $579.2M $720.4M $815.4M
Asia $576.5M $508.3M $406.1M
Europe $570.6M $431.3M $422.0M
All other $60.3M $24.6M $21.6M

As the company reported it, from the “Segment Reporting and Geographic Information - Sales and Long-Lived Assets Attributed to Countries Based Upon the Location of Customers (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 3.610.284.644.193.550.762.621.040.571.29
EPS, diluted 3.580.284.584.143.500.752.591.020.561.27
Shares, diluted (wtd. avg.) 20.9M20.9M20.9M20.8M20.7M20.6M20.7M20.6M20.4M20.2M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 500M 1B 1.5B 2B Revenue, FY2016: 969.2M Gross profit, FY2016: 184.5M Net income, FY2016: 25.7M Revenue, FY2017: 1.1B Gross profit, FY2017: 212.8M Net income, FY2017: 11.5M Revenue, FY2018: 1.2B Gross profit, FY2018: 251.4M Net income, FY2018: 21M Revenue, FY2019: 1.2B Gross profit, FY2019: 262.7M Net income, FY2019: 53.4M Revenue, FY2020: 1.2B Gross profit, FY2020: 192.6M Net income, FY2020: 15.5M Revenue, FY2021: 1.5B Gross profit, FY2021: 283.8M Net income, FY2021: 72.5M Revenue, FY2022: 1.8B Gross profit, FY2022: 343.9M Net income, FY2022: 86M Revenue, FY2023: 1.7B Gross profit, FY2023: 349M Net income, FY2023: 95.7M Revenue, FY2024: 1.7B Gross profit, FY2024: 326M Net income, FY2024: 5.9M Revenue, FY2025: 1.8B Gross profit, FY2025: 308.6M Net income, FY2025: 74.8M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $969.2M $1.14B $1.21B $1.19B $1.18B $1.51B $1.76B $1.67B $1.68B $1.79B
Gross profit $184.5M $212.8M $251.4M $262.7M $192.6M $283.8M $343.9M $349.0M $326.0M $308.6M
Net income $25.7M $11.5M $21.0M $53.4M $15.5M $72.5M $86.0M $95.7M $5.9M $74.8M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Material agreement signed Item 1.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 3460

TickerCompanyMarket capP/ERevenue growth
TRS TRIMAS CORP $1.42B 13.4x 2.4%
PKOH PARK OHIO HOLDINGS CORP $621.0M 25.2x -3.4%
MEC Mayville Engineering Company, Inc. $324.1M — -6.0%