Innospec vs Minerals Technologies
Minerals Technologies is the larger business, with $2.07bn of revenue in fiscal 2025 against $1.78bn for Innospec (1.2 times as much). Minerals Technologies grew faster (-2.2% against -3.7%). Innospec kept more of each dollar of sales as profit: a net margin of 6.6% against -0.9%. Innospec carries less debt relative to equity (0.0% against 56.1%).
| Latest fiscal year | InnospecIOSP, 2025 | Minerals TechnologiesMTX, 2025 |
|---|---|---|
| Revenue | $1.78bn | $2.07bn |
| Revenue growth | -3.7% | -2.2% |
| Net income | $117m | −$18.4m |
| Operating margin | 7.3% | 2.3% |
| Net margin | 6.6% | -0.9% |
| Return on equity | 9.2% | -1.1% |
| Free cash flow | $88.0m | $86.6m |
| Cash | $293m | $329m |
| Total debt | $0 | $962m |
| Debt to equity | 0.0% | 56.1% |
| Dividend per share | $1.71 | $0.45 |
| Dividend yield | — | 0.7% |
| Share buybacks | $23.9m | $58.5m |
| Employees | 2,450 | — |
| Market value | $2.49bn | $2.01bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 62 (Moderate) | 50 (Moderate) |
| Insider trades, 12 months | 1 buys, 18 sales | 0 buys, 4 sales |