MINERALS TECHNOLOGIES INC MTX

Healthcare SIC 2810 - Industrial Inorganic Chemicals NAICS Manufacturing › Chemical Manufacturing › Basic Chemical Manufacturing derived NYSE

Minerals Technologies Inc. (together with its subsidiaries, the "Company," "MTI," "we," "us" or "our") is a global, technology-driven specialty minerals company that develops, produces, and markets a wide range of minerals and mineral-based products and services. We are the world's largest producer of bentonite and a leading producer of calcium carbonate. Our products and minerals are an essential part of everyday life for millions of people around the world.

The Company's vertical integration extends from mine to market: we directly source minerals from our globally distributed reserves, transform them at our plants through proprietary technologies and applications into fit-for-purpose products, and market these products to customers across a range of industries. This process is driven by our world-class manufacturing, R&D capabilities, efficient approach to new product development, and company-wide focus on innovation and Operational Excellence.

Last close 62.90 2026-10-23
Market cap $1.96B 2026-07-05 share count
52-week range 53.94 - 84.34

Valuation FY2025 figures against the last close

P/S0.9x
P/E—
P/FCF22.6x
EV/EBITDA54.6x
Dividend yield0.7%
Diluted EPS-0.59

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.07B$2.12B$2.17B$2.13B$1.86B$1.59B$1.79B$1.81B$1.68B$1.64B
Cost of revenue $1.55B$1.57B$1.66B$1.66B$1.41B$1.19B$1.35B$1.35B$1.21B$1.18B
Gross profit $518.0M$547.7M$507.1M$465.0M$446.5M$405.4M$440.6M$461.4M$467.2M$460.4M
R&D $22.9M$23.0M$21.2M$20.4M$19.5M$19.9M$20.3M$22.7M$23.7M$23.8M
SG&A $208.0M$209.2M$206.0M$192.1M$186.2M$176.5M$187.5M$178.6M$180.7M$176.4M
Operating income $47.4M$286.5M$171.8M$214.8M$235.7M$187.9M$208.7M$255.9M$244.4M$223.9M
Interest expense ——$59.2M$43.9M$37.2M$38.2M$43.2M$45.9M$43.4M$54.4M
Pre-tax income -$14.0M$223.6M$107.7M$156.7M$202.3M$138.0M$157.3M$204.1M$190.9M$170.3M
Income tax $4.9M$59.4M$23.7M$32.1M$36.6M$24.4M$22.8M$34.4M$6.6M$35.3M
Net income -$18.4M$167.1M$84.1M$122.2M$164.4M$112.4M$132.7M$169.0M$195.1M$133.4M
EPS, basic -0.595.212.593.744.893.293.794.795.543.82
EPS, diluted -0.595.172.583.734.863.293.784.755.483.79
Shares, diluted (wtd. avg.) 31.4M32.3M32.6M32.8M33.8M34.2M35.1M35.6M35.6M35.2M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $329.0M$333.1M$317.2M$247.2M$299.5M$367.7M$241.6M$208.8M$212.2M$188.5M
Short-term investments $3.6M$4.0M$4.3M$5.6M$4.9M$4.1M$1.6M$3.8M$2.7M$2.0M
Receivables $400.1M$385.2M$399.1M$404.0M$367.8M$369.0M$376.2M$387.3M$383.0M$341.3M
Inventory $350.2M$342.1M$325.4M$348.8M$297.7M$248.2M$253.3M$239.2M$219.3M$186.9M
Total current assets $1.16B$1.13B$1.10B$1.07B$1.03B$1.03B$919.2M$876.3M$852.2M$751.1M
Property, plant and equipment $1.02B$989.7M$986.8M$1.05B$1.05B$1.04B$1.05B$1.10B$1.06B$1.05B
Goodwill $915.9M$913.8M$913.6M$914.8M$907.5M$808.5M$807.4M$812.4M$779.3M$778.7M
Other intangibles $208.7M$218.1M$231.0M$241.9M$251.6M$195.8M$203.0M$214.1M$196.5M$204.4M
Total assets $3.47B$3.39B$3.35B$3.40B$3.37B$3.21B$3.11B$3.09B$2.97B$2.86B
Accounts payable $187.9M$185.5M$188.7M$193.8M$196.1M$148.3M$163.4M$169.1M$179.0M$144.9M
Short-term debt $6.3M$6.5M$18.0M$14.5M$800.0K$1.0M$2.1M$3.3M$3.8M$6.8M
Total current liabilities $555.4M$397.7M$457.3M$502.6M$419.8M$295.8M$398.5M$381.9M$310.0M$295.5M
Long-term debt $955.0M$959.6M$911.1M$928.1M$936.2M$933.2M$824.3M$907.8M$959.8M$1.07B
Total liabilities $1.72B$1.61B$1.66B$1.79B$1.79B$1.71B$1.68B$1.70B$1.69B$1.83B
Retained earnings $2.48B$2.51B$2.36B$2.28B$2.17B$2.01B$1.91B$1.77B$1.61B$1.42B
Total equity $1.71B$1.75B$1.69B$1.61B$1.58B$1.50B$1.43B$1.39B$1.28B$1.03B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $193.7M$236.4M$233.6M$105.7M$232.4M$240.6M$238.3M$203.6M$207.6M$225.1M
Depreciation and amortisation ——————$98.4M$94.3M$91.0M$91.9M
Stock-based compensation $11.9M$11.8M$11.3M$10.4M$10.7M$10.2M$8.1M$6.2M$8.1M$6.3M
Capital expenditure $107.1M$89.5M$93.5M$82.3M$86.0M$66.8M$65.0M$75.9M$76.7M$62.4M
Investing cash flow -$122.8M-$94.5M-$91.7M-$101.6M-$278.6M-$78.7M-$62.0M-$200.0M-$77.5M-$61.6M
Financing cash flow -$89.3M-$110.4M-$71.7M-$34.1M$5.6M-$43.0M-$143.3M$4.2M-$118.2M-$194.8M
Dividends paid $14.2M$13.2M$8.1M$6.5M$6.8M$6.8M$7.0M$7.1M$7.0M$7.0M
Buybacks $58.5M$63.6M$14.2M$56.0M$74.7M$40.7M$41.0M$21.7M$700.0K$2.6M

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 0000891014-26-000067.

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. -1B 0 1B 2B 3B Revenue, FY2016: 1.6B Gross profit, FY2016: 460.4M Net income, FY2016: 133.4M Revenue, FY2017: 1.7B Gross profit, FY2017: 467.2M Net income, FY2017: 195.1M Revenue, FY2018: 1.8B Gross profit, FY2018: 461.4M Net income, FY2018: 169M Revenue, FY2019: 1.8B Gross profit, FY2019: 440.6M Net income, FY2019: 132.7M Revenue, FY2020: 1.6B Gross profit, FY2020: 405.4M Net income, FY2020: 112.4M Revenue, FY2021: 1.9B Gross profit, FY2021: 446.5M Net income, FY2021: 164.4M Revenue, FY2022: 2.1B Gross profit, FY2022: 465M Net income, FY2022: 122.2M Revenue, FY2023: 2.2B Gross profit, FY2023: 507.1M Net income, FY2023: 84.1M Revenue, FY2024: 2.1B Gross profit, FY2024: 547.7M Net income, FY2024: 167.1M Revenue, FY2025: 2.1B Gross profit, FY2025: 518M Net income, FY2025: -18.4M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.64B $1.68B $1.81B $1.79B $1.59B $1.86B $2.13B $2.17B $2.12B $2.07B
Gross profit $460.4M $467.2M $461.4M $440.6M $405.4M $446.5M $465.0M $507.1M $547.7M $518.0M
Net income $133.4M $195.1M $169.0M $132.7M $112.4M $164.4M $122.2M $84.1M $167.1M -$18.4M

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
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event Item 8.01
  • 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
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Other event Item 8.01
  • Results announced Item 2.02
  • Other event Item 8.01

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.

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