undamentalytics Newsletter
Sign in

Materion Corp (MTRN) stock

Add to watchlist

Add holding +

NYSE: MTRN NYSE Diversified Metals & Mining Next results ~November 4, 2026

B Fundamentals grade

Materion Corp is a US-listed company in the diversified metals & mining industry. Its financial year ends in December.

Stock price today

Loading chart…

Third-party market data · may be delayed

Fair value per share

Under review: after-tax interest is 57% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

Price vs value

Under review: after-tax interest is 57% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy. We'll show the comparison once resolved.

Materion Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 8 selling0 purchases and 42 sales by directors and officers, last 12 monthsInsider trades
  • Funds227 adding, 153 cuttingOf 54 active managers that changed their stake, 25 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Materion files

Where Materion stands after its latest 10-Q

Revenue for the twelve months to July 2026 was $2.10bn, up 21.6% on a year earlier, faster than the 11.4% growth a quarter earlier. That growth ranks 236 of 1447 among all the companies we cover. Free-cash-flow margin fell to 2.4% from 5.3% a year earlier. Operating margin widened to 6.0% from 3.3%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 3 of our 6 financial-health checks.

Our model value for Materion is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 5, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Materion Corp's trailing-twelve-month revenue grew 21.6% year on year, with a free-cash-flow margin of 2.4%. Where it stands out: stock pay as % of revenue of 0.7% ranks 2 of 13 diversified metals & mining companies we cover. Where it lags: gross margin of 16.0% ranks 12 of 14 diversified metals & mining companies we cover.

Our discounted-cash-flow model values the business at ~$75 per share in the base case (~$49–$110 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 45.1% while net income grew 453.5%: a 499pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 21.6% over the last 12 months, against a median of 14.6% for diversified metals & mining companies we cover.
  • Growth speeding up. The growth rate is 10.2 points higher than a quarter earlier.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 12.1% over 90 days.

Things to watch

  • High earnings multiple. The shares trade at 50 times the last 12 months' earnings, so expectations are demanding.
  • Volatile shares. Over the past year the shares showed annualised volatility of 62% and a beta of 2.2 against the S&P 500.
  • Insiders selling. 8 insiders sold $19M of stock over the past 365 days and none bought (2% under pre-set trading plans).
  • Gross margin slipping. Gross margin is down 3.3 points on a year ago.
  • Weak cash conversion. Free cash flow was 56% of net income over the last 12 months.

Latest results: FY2026 Q2

Filed August 5, 2026
Earnings per share
$1.90 against an average estimate of $1.52: beat by 25.2%
Revenue
$614m, up 42.2% on a year earlier
Share reaction
+22.5% in the first session after the results on August 5, 2026, against -0.4% for the S&P 500
Guidance given
adjusted earnings per share guidance $6.8 to $7.2 (full-year)
Next report
November 4, 2026; average EPS estimate $1.89

Materion's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-2.3%
  • 1 week-4.3%
  • 1 month-30.5%
  • This year+74.8%
  • 1 year+89.8%
  • 5 years+142.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$2.1B
Operating margin
6.0%
Net margin
4.3%
EPS (TTM, diluted)
$4.29

Growth

Revenue growth
+21.6%
Change in growth rate
+10.2 pts
Share count change
+0.5%

Cash

Free cash flow (TTM)
$50.2M
FCF margin
2.4%
Stock pay % of revenue
0.7%

Earnings

Last results
August 5, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Dividend
  2. Results
  3. Insider trade
  4. Insider trade
  5. Results
  6. Guidance
  7. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Materion Corp valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: after-tax interest is 57% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Materion Corp as an operating company, with every model that fits that kind of business. Cost of equity 10.9%: the 10-year Treasury yield (4.9%) plus a beta of 1.33 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. — Does not apply: This model is withheld pending its input or assumption review.
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$75 ~$65–$180 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$36 ~$25–$51 Left out: out of range vs price (0.17x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$33 ~$30–$38 Left out: out of range vs price (0.15x)
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Materion Corp with Diversified Metals & Mining in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$37.22$46.14$43.03$57.27$61.89$89.86$86.04$128.55$98.12$124.05$216.84
Market value$752m$942m$887m$1.2bn$1.3bn$1.9bn$1.8bn$2.7bn$2.1bn$2.6bn$4.6bn
+ Net debt (− = net cash)−$26m−$37m−$67m−$122m$47m$592m$566m$565m$626m$668m$634m
Enterprise value$726m$905m$820m$1.1bn$1.3bn$2.5bn$2.4bn$3.3bn$2.7bn$3.3bn$5.2bn
Multiples
Price / sales 0.8x0.8x0.7x1.0x1.1x1.2x1.0x1.6x1.2x1.5x2.2x
Price / earnings 29.2x82.3x42.1x22.2x82.5x25.7x20.8x28.1xn/m34.7x50.5x
Price / free cash flow 18.3x23.4x18.2x15.8x37.7x—46.6x79.4x107.1x51.9x90.7x
EV / EBITDA 9.7x10.9x8.4x9.5x26.1x20.2x13.6x16.4x23.1x18.2x26.2x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

48 /100

Moderate moat

How hard Materion's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 9 / 20

    Cash operating profit has been a median 7.9% of total assets over 10 years.

  • Pricing power 8 / 20

    Gross margin has been a median 19.0%, moving by 2.5 percentage points (standard deviation) across 10 years.

  • Durability 6 / 20

    Operating margin has been a median 4.9%; its worst year was 2.0%.

  • Cash conversion 10 / 20

    Free cash flow was positive in 8 of 10 years, at a median 3.1% of revenue.

  • Discipline 16 / 20

    The diluted share count rose 1.5% over five years; stock-based pay has been a median 0.6% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, before the open. Analysts expect revenue of $611m and EPS of $1.89 (range $1.80 to $1.96) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $7.02 +29% $2.4bn +33%
Next $8.43 +20% $2.6bn +9%

Next year's EPS estimate has moved +12.1% in 90 days, across 6 analysts.

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $1.52 $1.90 +25.2%
Mar 2026 $1.25 $1.27 +1.9%
Dec 2025 $1.51 $1.53 +1.5%
Sept 2025 $1.41 $1.41 −0.1%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 5, 2026
  • adjusted earnings per share guidance full-year $6.80 to $7.20 Non-GAAP Raised
    “We now expect mid-teens top-line growth and are raising our full-year adjusted earnings per share guidance to $6.80 to $7.20, a 30% increase from prior year at the midpoint.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

5 analysts, Oct 2026
Buy480%
Hold120%
Sell00%

Monthly trend

  1. Oct 20261315
  2. Sep 20261315
  3. Aug 20261214
  4. Jul 20261214

Counts of recommendations published by analysts covering Materion Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
4.0%
of tradable shares
Days to cover
2.51
at average volume
Short interest, 1 month
−2%
to September 30, 2026
Held by institutions
100%
of shares
Held by insiders
1.7%
of shares
Employees
3,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +89.8%

$114.25 on October 31, 2025 to $216.84

ThenNowEffect
Revenue (last 12 months) $1.7bn $2.1bn +21.6%
Net margin 0.9% 4.3% +355.2%
P/E multiple 146.6x 50.5x −65.5%
Share count 21m 21m −0.5%

Biggest factor: net margin.

Last 3 years +97.4%

$109.83 on November 3, 2023 to $216.84

ThenNowEffect
Revenue (last 12 months) $1.7bn $2.1bn +23.2%
Net margin 5.8% 4.3% −25.6%
P/E multiple 23.3x 50.5x +117.1%
Share count 21m 21m −0.7%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
MTRN+45%−4%+49%−24%+26%+75%
Industry peers (median)+22%−32%−13%−22%+75%−47%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
MTRN67%50%58%25%67%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
MTRN−17%−31%−23%−30%−31%−36%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 62% from May 6, 2019 to March 18, 2020. Getting back needed a 163% gain, reached on January 13, 2021, 301 days after the low.

Price behaviour

52-week range
$111.13 – $319.18
From 52-week high
−32.1%
vs 50-day average
−14.2%
vs 200-day average
+2.2%
Volatility (1 year)
62%
Beta vs S&P 500
2.19

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±7.9%
After a week
6 up, 6 down
typical move ±9.8%
After a month
6 up, 6 down
typical move ±9.1%
Results releasedNext dayS&P 500 next day5 days21 days
August 5, 2026 +22.5% −0.4% +24.7% +6.0%
April 29, 2026 +3.7% +1.0% +11.0% +24.2%
February 12, 2026 +1.6% −1.5% −5.1% −8.2%
January 23, 2026 −8.7% +0.5% −7.1% +4.3%
October 29, 2025 −13.7% −1.1% −13.4% −8.6%
July 30, 2025 +14.4% −0.5% +18.6% +20.7%
May 1, 2025 −1.3% +2.2% −8.9% −9.1%
February 19, 2025 +0.5% −0.2% −6.6% −14.3%
October 30, 2024 −4.7% −2.3% +11.9% +8.6%
August 5, 2024 +6.7% −2.0% +2.4% −0.1%
May 2, 2024 −6.8% +2.2% −1.8% −1.3%
February 15, 2024 +10.7% +0.2% +5.7% +3.3%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Materion Corp in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Materion Corp
$1.6B $1.8B $2B $2.2B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $1.7B Revenue (TTM), FY23 Q4: $1.7B Revenue (TTM), FY24 Q1: $1.6B Revenue (TTM), FY24 Q2: $1.6B Revenue (TTM), FY24 Q3: $1.7B Revenue (TTM), FY24 Q4: $1.7B Revenue (TTM), FY25 Q1: $1.7B Revenue (TTM), FY25 Q2: $1.7B Revenue (TTM), FY25 Q3: $1.7B Revenue (TTM), FY25 Q4: $1.8B Revenue (TTM), FY26 Q1: $1.9B Revenue (TTM), FY26 Q2: $2.1B $2.1B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $1.7B
FY23 Q4 $1.7B
FY24 Q1 $1.6B
FY24 Q2 $1.6B
FY24 Q3 $1.7B
FY24 Q4 $1.7B
FY25 Q1 $1.7B
FY25 Q2 $1.7B
FY25 Q3 $1.7B
FY25 Q4 $1.8B
FY26 Q1 $1.9B
FY26 Q2 $2.1B
Revenue growth, TTM YoY Materion Corp
-10% 0% 10% 20% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -2.4% Revenue growth, TTM YoY, FY23 Q4: -5.2% Revenue growth, TTM YoY, FY24 Q1: -8.1% Revenue growth, TTM YoY, FY24 Q2: -4.0% Revenue growth, TTM YoY, FY24 Q3: -0.6% Revenue growth, TTM YoY, FY24 Q4: 1.2% Revenue growth, TTM YoY, FY25 Q1: 7.0% Revenue growth, TTM YoY, FY25 Q2: 5.5% Revenue growth, TTM YoY, FY25 Q3: 3.9% Revenue growth, TTM YoY, FY25 Q4: 6.0% Revenue growth, TTM YoY, FY26 Q1: 11.4% Revenue growth, TTM YoY, FY26 Q2: 21.6% 21.6%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -2.4%
FY23 Q4 -5.2%
FY24 Q1 -8.1%
FY24 Q2 -4.0%
FY24 Q3 -0.6%
FY24 Q4 1.2%
FY25 Q1 7.0%
FY25 Q2 5.5%
FY25 Q3 3.9%
FY25 Q4 6.0%
FY26 Q1 11.4%
FY26 Q2 21.6%
Operating margin (TTM) Materion Corp
0% 5% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 8.8% Operating margin (TTM), FY23 Q4: 8.2% Operating margin (TTM), FY24 Q1: 7.6% Operating margin (TTM), FY24 Q2: 7.2% Operating margin (TTM), FY24 Q3: 6.8% Operating margin (TTM), FY24 Q4: 2.8% Operating margin (TTM), FY25 Q1: 3.0% Operating margin (TTM), FY25 Q2: 3.3% Operating margin (TTM), FY25 Q3: 3.5% Operating margin (TTM), FY25 Q4: 6.1% Operating margin (TTM), FY26 Q1: 5.8% Operating margin (TTM), FY26 Q2: 6.0% 6.0%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 8.8%
FY23 Q4 8.2%
FY24 Q1 7.6%
FY24 Q2 7.2%
FY24 Q3 6.8%
FY24 Q4 2.8%
FY25 Q1 3.0%
FY25 Q2 3.3%
FY25 Q3 3.5%
FY25 Q4 6.1%
FY26 Q1 5.8%
FY26 Q2 6.0%
FCF margin (TTM) Materion Corp
-2% 0% 2% 4% 6% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 3.4% FCF margin (TTM), FY23 Q4: 2.0% FCF margin (TTM), FY24 Q1: -0.6% FCF margin (TTM), FY24 Q2: -0.6% FCF margin (TTM), FY24 Q3: -0.3% FCF margin (TTM), FY24 Q4: 1.1% FCF margin (TTM), FY25 Q1: 3.3% FCF margin (TTM), FY25 Q2: 5.3% FCF margin (TTM), FY25 Q3: 6.0% FCF margin (TTM), FY25 Q4: 2.8% FCF margin (TTM), FY26 Q1: 1.4% FCF margin (TTM), FY26 Q2: 2.4% 2.4%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 3.4%
FY23 Q4 2.0%
FY24 Q1 -0.6%
FY24 Q2 -0.6%
FY24 Q3 -0.3%
FY24 Q4 1.1%
FY25 Q1 3.3%
FY25 Q2 5.3%
FY25 Q3 6.0%
FY25 Q4 2.8%
FY26 Q1 1.4%
FY26 Q2 2.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Materion took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $1.8B
  2. Cost of revenue $1.5B · 82.7%
  3. Gross profit $309M · 17.3%
  4. Research and development $25.9M · 1.5%
  5. Selling, general and admin $143M · 8.0%
  6. Other operating costs $29.8M · 1.7%
  7. Operating income $110M · 6.1%
  8. Interest and other $28.3M · 1.6%
  9. Net income $74.8M · 4.2%

Shares of revenue. Source: Materion's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jul 2026
Income
Revenue 9 7 6 969 1,139 1,208 1,185 1,176 1,511 1,757 1,665 1,685 1,787 2,098
Gross profit 215 199 188 185 213 251 263 193 284 344 349 326 309 336
EBITDA 101 74 70 75 83 97 112 51 121 173 198 116 179 198
Operating income 57 37 28 29 40 62 71 8 77 120 136 47 110 126
Net income 40 25 20 26 11 21 53 15 72 86 96 6 75 90
Diluted EPS $1.93 $1.19 $0.97 $1.27 $0.56 $1.02 $2.59 $0.75 $3.50 $4.14 $4.58 $0.28 $3.58 $4.29
Growth (year on year)
Revenue — −27.2% −16.1% +>999% +17.6% +6.0% −1.9% −0.8% +28.4% +16.3% −5.2% +1.2% +6.0% +21.6%
EBITDA — −26.7% −5.3% +6.6% +11.1% +17.5% +14.8% −54.7% +139.6% +42.8% +14.4% −41.5% +54.3% +56.2%
Operating income — −35.6% −24.9% +4.6% +38.6% +54.3% +14.2% −88.4% — +55.3% +13.9% −65.4% +132.5% +120.8%
Net income — −38.3% −18.1% +27.4% −55.5% — — −71.0% — +18.6% +11.3% −93.8% — —
Diluted EPS — −38.3% −18.5% +30.9% −55.9% — — −71.0% — +18.3% +10.6% −93.9% — —
Margins
Gross margin — — — 19.0% 18.7% 20.8% 22.2% 16.4% 18.8% 19.6% 21.0% 19.3% 17.3% 16.0%
EBITDA margin >999% >999% >999% 7.7% 7.3% 8.1% 9.4% 4.3% 8.0% 9.9% 11.9% 6.9% 10.0% 9.5%
Operating margin 621.2% 550.0% 492.4% 3.0% 3.5% 5.1% 6.0% 0.7% 5.1% 6.8% 8.2% 2.8% 6.1% 6.0%
Net margin 435.1% 368.9% 360.5% 2.7% 1.0% 1.7% 4.5% 1.3% 4.8% 4.9% 5.7% 0.3% 4.2% 4.3%
Free-cash-flow margin 311.5% 67.8% 857.4% 4.2% 3.5% 4.0% 6.3% 2.9% −0.8% 2.2% 2.0% 1.1% 2.8% 2.4%
Cash flow
Cash from operations 57 39 76 68 68 76 99 101 90 116 144 88 103 108
Capital spending 28 34 28 27 28 28 24 67 103 78 111 69 53 58
Free cash flow 29 5 48 41 40 49 75 34 −13 38 34 19 50 50
Stock-based pay 5 6 5 3 5 5 7 6 7 9 10 11 11 14
Free cash flow after stock pay 24 −1 43 38 35 43 68 28 −19 30 24 9 39 36
Balance sheet
Cash 12 16 23 31 42 71 125 26 14 13 13 17 14 20
Total debt 82 95 65 5 5 4 3 72 607 579 578 643 682 654
Net debt (negative = net cash) 70 79 43 −26 −37 −67 −122 47 592 566 565 626 668 634
Diluted shares 21m 21m 21m 20m 20m 21m 21m 21m 21m 21m 21m 21m 21m 21m
Returned to shareholders
Dividends 0 5 6 7 8 8 9 9 10 10 11 11 12 12
Buybacks 4 0 0 4 1 0 0 7 0 0 0 0 8 —
Total returned 4 5 6 11 9 9 9 16 10 10 11 11 19 12

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 6 checks passed · July 3, 2026
What it owns · $1.9bn
Short-term assets $870mLonger-term assets $1.0bn
What it owes, and who funded it · $1.3bn
Short-term liabilities $296mShareholders' equity $995m
  • Short-term assets cover short-term liabilities $870m of assets due within a year against $296m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $20m of cash against $441m of debt.
  • Debt below 40% of shareholders' equity Debt is 44% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 60% to 44% over five years.
  • A year's operating cash flow covers at least 20% of debt $108m of operating cash flow against $441m of debt.
  • Operating profit covers interest at least five times over Operating income of $126m against $31m of interest.

From Materion Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$11.7M
Buybacks, last 3 fiscal years
$7.8M
Diluted share count
+0.5%
year over year
Total shareholder yield
0.3%
dividends 0.3% + buybacks 0.0% of market value
Dividend payout ratio
13%
of net income paid out
R&D spending
1.2%
of revenue
Sales & admin spending
7.2%
of revenue
Days sales outstanding
45 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in diversified metals & mining
Last 12 months unless stated MTRN NEXA GSM CMP SBSW LEU Median
Revenue, last 12 months $2.1bn $3.0bn $1.3bn $1.3bn $7.3bn $474m $118m
Revenue growth, last 12 months 21.6% 8.5% −18.8% 5.5% 18.7% 8.5% 14.6%
Revenue growth, 3-year average 7.2% — — 1.9% — 13.4% 13.4%
Revenue growth, latest quarter 42.2% — — 0.3% — 14.0% 7.2%
Gross margin 16.0% 23.7% 27.0% 17.2% 24.6% 23.7% 24.6%
Operating margin 6.0% 16.6% −10.0% 8.9% — 1.6% −5.3%
Operating margin, 3-year average 5.5% 16.7% −2.0% 0.1% — 11.0% −23.9%
Net margin 4.3% 4.4% −12.8% 1.4% −4.0% 10.2% −36.1%
Cash from operations / revenue 5.2% 12.2% 3.9% 12.1% 16.5% −11.6% −9.3%
Free-cash-flow margin 2.4% 0.4% −0.8% 6.0% 0.8% −34.6% −48.3%
Free-cash-flow margin, 3-year average 2.4% 2.7% 0.7% 0.6% 1.6% −3.1% −37.2%
Stock pay / revenue 0.7% — 0.1% 0.8% 1.6% 0.2% 11.9%
Change in share count 0.5% 0.0% −0.2% 1.9% 0.0% 29.7% 8.3%

Median of all 17 companies we cover in diversified metals & mining. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

17 diversified metals & mining companies
Measure Company Peer median Rank
Revenue growth Growth 21.6% 14.6% 6 of 17
Change in growth rate Growth +10.2pp +10.2pp 8 of 16
Gross margin Profitability 16.0% 24.6% 12 of 14
Operating margin Profitability 6.0% -0.5% 5 of 14
Net margin Profitability 4.3% -36.1% 4 of 17
Free-cash-flow margin Cash generation 2.4% -34.6% 3 of 16
Stock pay as % of revenue Cash generation 0.7% 13.5% 2 of 13
Long-term debt as % of assets Balance sheet 22.6% 21.3% 9 of 14
Change in share count Balance sheet 0.5% 8.3% 5 of 16
Days sales outstanding Balance sheet 45 days 37 days 8 of 12

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Electronic Materials $1B 56.5% ▲ 19.4%
Performance Materials $676M 37.8% ▼ 9.2%
Precision Optics $101M 5.6% ▲ 6.6%
All Other Segments $0 0.0% —
Products and services
Line of business Revenue Share YoY
Semiconductor $868M 48.6% ▲ 21.1%
Aerospace and Defense $214M 12.0% ▼ 2.8%
Industrial Components $192M 10.8% ▲ 3.0%
Consumer Electronics $169M 9.5% ▼ 30.4%
Energy $124M 6.9% ▲ 12.0%
Other End Market $96.4M 5.4% ▲ 31.6%
Automotive Electronics $77M 4.3% ▼ 9.3%
Life Sciences $46.8M 2.6% ▼ 6.6%
Geography
Region Revenue Share YoY
United States $579M 32.4% ▼ 19.6%
Asia $577M 32.3% ▲ 13.4%
Europe $571M 31.9% ▲ 32.3%
All Other Countries $60.3M 3.4% ▲ 144.6%

From Materion Corp's 10-K filed February 12, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$6.1B
Institutions reporting
399
Shares held vs prior quarter
▲ 2.2%
Positions opened / closed
99 / 30

Top buyers and sellers, Q2 2026: 227 institutions bought and 153 sold ; the biggest buyer was Price T Rowe Associates Inc (+305K shares) and the biggest seller Capital World Investors (−415K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1B 3.5M 17.0% ▲ 3.1%
State Street Corp $433M 1.5M 7.1% ▲ 9.6%
Vanguard Portfolio Management LLC $415M 1.4M 6.8% ▲ 3.5%
Capital Research Global Investors $298M 1.0M 4.9% ▲ 26.7%
Vanguard Capital Management LLC $279M 938K 4.6% ▲ 1.0%
American Century Companies Inc $183M 616K 3.0% ▼ 30.2%
Geode Capital Management, LLC $176M 591K 2.9% ▲ 17.3%
Dimensional Fund Advisors LP $172M 578K 2.8% ▼ 34.7%
Fisher Asset Management, LLC $147M 495K 2.4% ▲ 12.0%
Barrow Hanley Mewhinney & Strauss LLC $133M 446K 2.2% ▼ 15.8%
Morgan Stanley $122M 411K 2.0% ▼ 3.1%
Price T Rowe Associates Inc $97.9M 329K 1.6% ▲ 1249.4%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Materion Corp's complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $18.6M 42 trades by 8 insiders · 2% under pre-set plans
Net ▼ $18.6M net selling
Insider Date Trade Shares Price Value
Liggett Emily M Director September 1, 2026 Sell 1,012 $232.42 $235,209
Khilnani Vinod M Director August 31, 2026 Sell 2,000 $235.16 $470,320
Chadwick Shelly Marie Vice President, Finance & CFO August 7, 2026 Sell 1,705 $293.00 $499,565
Solomon Darlene J. S. Director August 7, 2026 Sell 3,705 $292.22 $1.1M
Vijayvargiya Jugal K. President and CEO August 7, 2026 Sell 286 $295.17 $84,419
Vijayvargiya Jugal K. President and CEO August 7, 2026 Sell 287 $288.29 $82,739
Vijayvargiya Jugal K. President and CEO August 7, 2026 Sell 11,174 $290.12 $3.2M
Vijayvargiya Jugal K. President and CEO August 7, 2026 Sell 3,745 $292.46 $1.1M
Vijayvargiya Jugal K. President and CEO August 7, 2026 Sell 1,375 $287.67 $395,546
Vijayvargiya Jugal K. President and CEO August 7, 2026 Sell 267 $293.24 $78,295
Vijayvargiya Jugal K. President and CEO August 7, 2026 Sell 4,865 $294.45 $1.4M
Vijayvargiya Jugal K. President and CEO August 7, 2026 Sell 2,337 $293.65 $686,260

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 2, 2026 estimated from the company's past filing pattern, not announced

  • August 5, 2026
  • April 29, 2026
  • February 12, 2026
  • January 23, 2026
  • October 29, 2025
  • July 30, 2025

Recent SEC filings

Data status

When each part of this page on Materion Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Materion Corp in brief

What does Materion Corp do?
Materion Corp is a US-listed company in the diversified metals & mining industry. Its financial year ends in December.
What is Materion Corp's stock ticker?
Materion Corp trades under the ticker MTRN on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Materion Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Materion Corp reported revenue of $2.1B, 21.6% higher than a year earlier, according to its SEC filings.
What is Materion Corp's free cash flow?
Materion Corp's free-cash-flow margin is 2.4% of revenue over the trailing twelve months, ranking 3 of the 16 diversified metals & mining companies we cover.
Who are Materion Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., State Street Corp and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Materion Corp's market cap?
On November 2, 2026, Materion Corp's market capitalisation was about $4.6B, with a price-to-earnings ratio of 50.5 and net debt of $634M. Market figures come from third-party market data and may be delayed.
Does Materion Corp pay a dividend?
Yes: Materion Corp paid $11.7M in dividends over the trailing twelve months, a dividend yield of 0.26% and a payout ratio of 13.0%.
How much debt does Materion Corp have?
Materion Corp's debt-to-equity ratio is 44.3%, from its latest balance sheet (60.3% five years earlier). The financial health section below sets out its other solvency checks.
Who are Materion Corp's competitors?
In our Diversified Metals & Mining peer group, the companies closest to Materion Corp are Nexa Resources S.a., Ferroglobe PLC, Compass Minerals International Inc, Sibanye Stillwater Ltd and Centrus Energy Corp. The side-by-side comparison below sets their revenue, margins and growth against Materion Corp's.
Are insiders buying or selling Materion Corp stock?
Over the last 12 months, Materion Corp's directors and officers reported 0 open-market purchases and 42 sales on Form 4. The insider trading page charts every trade.
When is Materion Corp's next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Materion Corp announces its own schedule.