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Materion Corp. (MTRN)

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Materion Corp. (MTRN) reported revenue of $614 million for Q2 FY2026, the quarter ended 3 July 2026, up 42.2% on the same quarter a year earlier. Net income was $39 million, up 54.2% on the year, and diluted earnings per share $1.84. The figures are the company's own, from the 10-Q it filed with the SEC on 5 August 2026.

Revenue$614 millionup 42.2%
Net income$39 millionup 54.2%
Diluted EPS$1.84
QuarterQ2 FY2026ended 3 July 2026

Materion (MTRN) in brief

Materion (MTRN) reported revenue of $1.8 billion for fiscal 2025, the year ended 31 December 2025, up 6.0% on the year before.
Read moreNet income was $75 million and diluted earnings per share $3.58. Revenue was $1.7 billion in fiscal 2024, $1.7 billion in fiscal 2023, $1.8 billion in fiscal 2022 and $1.5 billion in fiscal 2021. Net income in the same years was $6 million, $96 million, $86 million and $72 million. Over the twelve months to 3 July 2026, Materion reported revenue of $2.1 billion and net income of $90 million. Revenue grew 8.7% a year, compounded, over the five years to fiscal 2025. Materion declared $0.56 a share in dividends over the last four quarters and had 21 million shares outstanding at the latest filed count. At 3 July 2026 it carried $442 million of debt and $20 million of cash. At the close of 9 October 2026 the market cap of Materion was $5.8 billion, 65.4 times its earnings over the last twelve months.

Ratios

From the filings

ROE9.1%
ROCE8.7%
Operating margin6.0%
Net margin4.3%
FCF margin2.4%
Interest cover4.10
Debt to equity0.44
Cash conversion1.20
Share count, 1 year0.5%
Sales CAGR, 3 years0.6%
Profit CAGR, 3 years-4.5%
EPS, TTM$4.29

At the close of 9 October 2026

Price$280.77
Market cap$5.8 billion
Stock P/E65.45
Price to book5.88
EV / EBITDA31.63
Dividend yield0.2%
Market cap / sales2.79
52-week high$320.19
52-week low$111.50
Price, 1 year124.0%
Price CAGR, 3 years41.2%
Price CAGR, 5 years31.8%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Materion Corp. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
MTRNgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on MTRN

Filings15 in twelve months: 7 current reports (8-K), about 5 results of operations; 1 shareholder vote; 1 officer or director change
Planned insider sales25 Form 144 notices in twelve months, $25.3 million; latest 1 September 2026
Options tapeput/call 0.64 by open interest at the 9 October 2026 close; the straddle prices a 5.6% move to 16 October 2026
13F holders10 of the followed funds hold it; largest Capital Research Global Investors; 5 Schedule 13D or 13G filings in twelve months
Insider trading42 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest608,267 shares short, 2.72 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue403421385426437437420432445490550614
Cost of revenue314341314345356344344349359426468510
Gross profit88.979.771.280.980.993.076.282.786.163.781.8104
Gross margin22%19%18%19%19%21%18%19%19%13%15%17%
R&D6.36.47.17.77.96.36.56.46.56.56.26.6
SG&A38.839.935.833.635.041.135.435.038.334.336.242.3
Operating income36.527.622.232.131.3-38.327.236.834.910.828.251.7
Operating margin9%7%6%8%7%-9%6%9%8%2%5%8%
Interest expense7.78.58.38.88.88.86.98.27.58.07.67.5
Pre-tax income29.519.714.623.923.1-46.720.929.228.13.320.944.5
Tax rate10%1%8%20%3%n/a15%14%10%-97%7%13%
Net income26.619.513.419.022.3-48.917.725.125.46.619.438.8
Net margin7%5%3%4%5%-11%4%6%6%1%4%6%
Diluted EPS$1.27$0.93$0.64$0.91$1.07-$2.33$0.85$1.21$1.22$0.31$0.92$1.84
Operating cash flow14.059.9-13.820.35.176.315.549.918.319.5-4.374.8
Capital expenditure25.825.321.317.112.317.912.312.713.714.515.314.5
Free cash flow-11.834.6-35.13.2-7.258.33.237.34.55.0-19.660.3
Buybacksn/an/an/an/a0.0n/an/an/a0.0n/an/an/a
Dividends paid2.72.72.72.82.82.82.82.92.92.92.93.0
Shares outstanding21m21m21m21m21m21m21m21m21m21m21m21m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020FY2021 †FY2022 †FY2023FY2024FY2025TTM
Revenue1,1271,0259691,1391,2081,1851,1761,5111,7571,6651,6851,7872,098
Cost of revenue9218347859279579239841,2271,4131,3161,3591,4781,762
Gross profit206191185213251263193284344349326309336
Gross margin18.3%18.6%19.0%18.7%20.8%22.2%16.4%18.8%19.6%21.0%19.3%17.3%16.0%
Research and development12.812.812.814.015.218.320.326.629.027.529.025.925.7
Selling, general and administrative136130129144153147134164169158146143151
Operating income57.645.328.940.061.870.58.277.112013647.2110126
Operating margin5.1%4.4%3.0%3.5%5.1%6.0%0.7%5.1%6.8%8.2%2.8%6.1%6.0%
Interest expensen/an/an/an/an/an/an/an/a21.931.334.830.730.6
Pre-tax income54.842.825.336.416.665.58.377.310310814.981.596.8
Income tax12.710.7-0.424.9-4.412.1-7.24.917.112.19.06.76.7
Effective tax rate23.1%24.9%-1.7%68.5%-26.8%18.5%-86.9%6.3%16.6%11.2%60.5%8.2%7.0%
Net income42.132.225.711.521.053.415.572.586.095.75.974.890.1
Net margin3.7%3.1%2.7%1.0%1.7%4.5%1.3%4.8%4.9%5.7%0.3%4.2%4.3%
Diluted EPS$2.02$1.58$1.27$0.56$1.02$2.59$0.75$3.50$4.14$4.58$0.28$3.58$4.29
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2023FY2024FY2025Share
latest year
Electronic Materials8068461,01056.5%
Performance Materials75674567637.8%
Precision Optics10494.51015.6%
Other0.00.00.00.0%
Electronic MaterialsPerformance MaterialsPrecision OpticsOther
1,665FY20231,685FY20241,787FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by product or service

FY2023FY2024FY2025Share
latest year
Semiconductor66171786848.6%
Aerospace and Defense17622021412.0%
Industrial21118719210.8%
Consumer Electronics2372431699.5%
Energy1401101246.9%
Other92.773.396.45.4%
Automotive10184.977.04.3%
Life Sciences46.350.146.82.6%
SemiconductorAerospace and DefenseIndustrialConsumer ElectronicsEnergyOtherAutomotiveLife Sciences
1,665FY20231,685FY20241,787FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region

FY2023FY2024FY2025Share
latest year
United States81572057932.4%
Asia40650857732.3%
Europe42243157131.9%
All Other Countries21.624.660.33.4%
United StatesAsiaEuropeAll Other Countries
1,665FY20231,685FY20241,787FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020FY2021 †FY2022 †FY2023FY2024FY2025TTM
Operating cash flow60.391.068.267.876.499.210190.211614487.8103108
Capital expenditure29.329.527.227.527.724.367.310377.611168.653.358.1
Free cash flow31.061.541.040.348.775.033.8-12.738.433.919.250.050.2
Free cash flow margin2.7%6.0%4.2%3.5%4.0%6.3%2.9%-0.8%2.2%2.0%1.1%2.8%2.4%
Cash from investing-27.5-52.0-37.4-43.4-33.8-26.5-195-494-79.7-119-79.6-98.1-94.7
Cash from financing-40.9-26.9-23.1-15.4-13.6-18.1-7.1393-35.6-24.9-4.2-9.8-5.6
Depreciation and amortisation43.538.545.742.835.541.142.444.153.461.668.769.172.6
Share-based compensation4.85.53.25.05.37.25.56.58.810.110.610.914.2
Buybacks22.37.13.81.10.40.26.80.00.00.00.07.8n/a
Dividends paid6.97.17.57.98.48.99.39.710.210.611.111.511.7
Dividend per share$0.34$0.35$0.38$0.40$0.41$0.43$0.46$0.47$0.49$0.52$0.54$0.56n/a
Diluted shares, weighted21m20m20m20m21m21m21m21m21m21m21m21m21m
Shares outstanding at period endn/an/an/an/an/an/an/an/an/an/an/an/a21m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020FY2021 †FY2022 †FY2023FY2024FY2025TTM
Funded by
Shareholders' equity458483494527586646656720800885869943995
Short-term borrowings0.79.00.70.80.8n/an/an/an/an/a34.322.417.5
Debt24.313.64.63.83.02.238.5455436429444461442
Operating lease liabilitiesn/an/an/an/a0.018.156.857.159.153.862.660.658.2
Finance lease liabilitiesn/an/an/an/a15.217.420.516.313.913.712.413.412.7
Other liabilities279237242259238215286359383381276302345
Total liabilities and equity7627437417918438981,0581,6071,6921,7631,6981,8031,871
Owned
Fixed assets248264253256251232310409449515511535532
Goodwill86.786.787.090.790.779.0145319319321264281280
Intangible assets18.613.411.19.86.56.454.715714013410910699.9
Cash and equivalents13.224.231.541.870.612525.914.513.113.316.713.720.0
Receivables11397.2101124131155166214215193194223261
Inventory232212201220215236251361423442441461487
Other assets50.945.657.548.879.164.8105134133146162183191
Total assets7627437417918438981,0581,6071,6921,7631,6981,8031,871
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded5.7%8.7%0.6%21.6%
Profit growth, compounded8.8%37.1%-4.5%453.5%
Return on equity, average6.2%8.0%6.5%7.9%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Materion's revenue in fiscal 2025?

Materion (MTRN) reported revenue of $1.8 billion for fiscal 2025, the year ended 31 December 2025, up 6.0% on the year before.

How much did Materion earn in fiscal 2025?

Net income was $75 million for fiscal 2025, and diluted earnings per share $3.58.

What is Materion's P/E ratio?

At the close of 9 October 2026, Materion traded at 65.4 times its earnings over the twelve months to 3 July 2026.

What is Materion's market cap?

The market cap of Materion was $5.8 billion at the close of 9 October 2026.

Does Materion pay a dividend?

Yes. Materion declared $0.56 a share in dividends over the four quarters to 3 July 2026.

Peers: Fabricated Products

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Materion Corp. MTRN$5.8 billion65.459.1%6.0%21.6%0.440.2%
AZZ Inc. AZZ$4.1 billion20.8714.4%16.2%5.7%0.350.6%
Xpel, Inc. XPEL$1.2 billion22.5417.9%13.5%13.2%0.14n/a
No other company here shares its SEC industry code (Metal Forgings & Stampings); these are the names nearest in size in its wider industry, Fabricated Products, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q3 July 20265 August 2026EDGAR
10-Q3 April 202629 April 2026EDGAR
10-K31 December 202512 February 2026EDGAR
10-Q26 September 202530 October 2025EDGAR
10-Q27 June 202530 July 2025EDGAR
10-Q28 March 20251 May 2025EDGAR
10-K31 December 202419 February 2025EDGAR
10-Q27 September 202430 October 2024EDGAR
10-Q28 June 20246 August 2024EDGAR
10-Q29 March 20242 May 2024EDGAR

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