Materion Corp income statement
In fiscal 2025, Materion Corp reported revenue of $1.79bn, up 6.0% on the year before, operating income of $110m (a 6.1% margin) and net income of $74.8m, or $3.58 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJul 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Cost of revenue | — | — | — | 785 | 927 | 956 | 923 | 984 | 1,227 | 1,413 | 1,316 | 1,359 | 1,478 | 1,762 |
| Gross profit | 215 | 199 | 188 | 185 | 213 | 251 | 263 | 193 | 284 | 344 | 349 | 326 | 309 | 336 |
| Research and development | 11 | 13 | 13 | 13 | 14 | 15 | 18 | 20 | 27 | 29 | 28 | 29 | 26 | 26 |
| Selling, general and administrative | 131 | 134 | 132 | 129 | 144 | 153 | 147 | 134 | 164 | 169 | 158 | 146 | 143 | 151 |
| Operating income | 57 | 37 | 28 | 29 | 40 | 62 | 71 | 8 | 77 | 120 | 136 | 47 | 110 | 126 |
| Interest expense | — | — | — | — | — | — | — | — | — | 22 | 31 | 35 | 31 | 31 |
| Net interest income | — | — | −3 | −2 | −2 | −2 | −2 | −4 | −5 | −22 | −31 | −35 | −31 | — |
| Income before tax | 54 | 34 | 25 | 25 | 36 | 17 | 66 | 8 | 77 | 103 | 108 | 15 | 82 | 97 |
| Income tax | 14 | 9 | 4 | −0 | 25 | −4 | 12 | −7 | 5 | 17 | 12 | 9 | 7 | 7 |
| 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 |
| Diluted shares (average) | 21m | 21m | 21m | 20m | 20m | 21m | 21m | 21m | 21m | 21m | 21m | 21m | 21m | 21m |
| EBITDA | 101 | 74 | 70 | 75 | 83 | 97 | 112 | 51 | 121 | 173 | 198 | 116 | 179 | 198 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Apr 2026 | 2026 Q2Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 437 | 437 | 420 | 432 | 445 | 490 | 550 | 614 |
| Cost of revenue | 356 | 344 | 344 | 349 | 359 | 426 | 468 | 510 |
| Gross profit | 81 | 93 | 76 | 83 | 86 | 64 | 82 | 104 |
| Research and development | 8 | 6 | 7 | 6 | 7 | 6 | 6 | 7 |
| Selling, general and administrative | 35 | 41 | 35 | 35 | 38 | 34 | 36 | 42 |
| Operating income | 31 | −38 | 27 | 37 | 35 | 11 | 28 | 52 |
| Interest expense | 9 | 9 | 7 | 8 | 8 | 8 | 8 | 8 |
| Income before tax | 23 | −47 | 21 | 29 | 28 | 3 | 21 | 45 |
| Income tax | 1 | 2 | 3 | 4 | 3 | −3 | 2 | 6 |
| Net income | 22 | −49 | 18 | 25 | 25 | 7 | 19 | 39 |
| Diluted EPS | $1.07 | −$2.33 | $0.85 | $1.21 | $1.22 | $0.31 | $0.92 | $1.84 |
| EBITDA | 50 | −21 | 44 | 54 | 52 | 28 | 47 | 71 |
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