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Materion Corp key statistics and ratios

In fiscal 2025, Materion Corp had return on equity of 8.3% and a net margin of 4.2%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

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

Fiscal year2011Dec 20112012Dec 20122013Dec 20132016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJul 2026
Net margin435.1%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%
Return on equity9.8%6.0%4.6%5.4%2.2%3.8%8.7%2.4%10.5%11.3%11.4%0.7%8.3%9.3%
Return on assets5.2%3.1%2.5%3.4%1.5%2.6%6.1%1.6%5.4%5.2%5.5%0.3%4.3%4.9%
Effective tax rate26.3%26.7%17.7%−1.7%68.5%−26.8%18.5%—6.3%16.6%11.2%60.5%8.2%7.0%
R&D as % of revenue120.6%187.0%239.6%1.3%1.2%1.3%1.5%1.7%1.8%1.6%1.7%1.7%1.5%1.2%
SG&A as % of revenue>999%>999%>999%13.3%12.7%12.7%12.4%11.4%10.8%9.6%9.5%8.6%8.0%7.2%
Dividends ÷ net income0.0%18.7%32.1%29.1%69.1%39.9%16.6%59.9%13.4%11.8%11.1%188.3%15.4%13.0%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

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.

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.

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Figures from Materion Corp's SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Materion Corp.