undamentalytics Newsletter
Sign in

Minerals Technologies Inc (MTX) stock

Add to watchlist

Add holding +

NYSE: MTX NYSE Specialty Chemicals Next results ~January 28, 2027

C+ Fundamentals grade

Minerals Technologies Inc is a US-listed company in the specialty chemicals industry. Its financial year ends in December.

Stock price today

Loading chart…

Third-party market data · may be delayed

Fair value per share

~$57

Cash-flow model

Base case. Range ~$38–$82 across our lower- and higher-growth cases (-2.5%–7.5% a year).

Price vs value

Modestly overvalued

The price is inside our value range, 14% above our base value.

Price used: $64.83, November 2, 2026

Minerals Technologies Inc 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.

Value diary

Our note on each quarter Minerals Technologies files

10-Q filed October 30: Minerals Technologies

Model value +17.9%

Revenue for the twelve months to October 2026 was $2.17bn, up 4.8% on a year earlier, faster than the 4.1% growth a quarter earlier. Free-cash-flow margin rose to 5.9% from 4.7% a year earlier. Operating margin narrowed to -1.6% from 3.4%. The diluted share count is down 2.2% on a year earlier, which lifts each remaining share. Its fundamentals grade moves from D to C. Our model value rises from $48.24 to $56.86 a share, against a share price of $62.74. The rating stays Hold. At that price, our model says the market is pricing in about 4.1% a year of cash-flow growth for five years, close to the 3.1% a year revenue growth it has delivered.

Source: 10-Q filed October 30, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Minerals Technologies stands after its latest 10-Q

Revenue for the twelve months to July 2026 was $2.15bn, up 4.1% on a year earlier, faster than the 2.5% growth a quarter earlier. Free-cash-flow margin rose to 5.6% from 4.3% a year earlier. Operating margin narrowed to -1.3% from 3.6%. The diluted share count is down 2.9% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 3 of our 6 financial-health checks. Our cash-flow model value is $48.24 a share, against a share price of $62.80. At that price, our model says the market is pricing in about 5.2% a year of cash-flow growth for five years, faster than the 2.9% a year revenue growth it has delivered.

10-Q on SEC EDGAR

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 ~January 28, 2027 (estimated)

Minerals Technologies Inc's trailing-twelve-month revenue grew 4.8% year on year, with a free-cash-flow margin of 5.9%. Where it stands out: change in share count of -2.2% ranks 5 of 37 specialty chemicals companies we cover.

Our discounted-cash-flow model values the business at ~$57 per share in the base case (~$38–$82 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 32.6% while net income fell 4118.8%: a 4151pp 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

  • Shrinking share count. Diluted shares fell 2.2% in a year, so each share owns more of the business.

Things to watch

  • Loss-making. Operating margin is -1.6%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 5.0 points on a year ago.
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 6.0% over 90 days.

Latest results: FY2026 Q3

Filed October 30, 2026
Earnings per share
$1.53 against an average estimate of $1.44: beat by 6.1%
Revenue
$555m, up 4.2% on a year earlier
Share reaction
+1.3% in the first session after the results on October 29, 2026, against -2.1% for the S&P 500
Next report
October 29, 2026; average EPS estimate $1.31

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

Price chart

  • 1 day+3.3%
  • 1 week+4.0%
  • 1 month-2.4%
  • This year+6.9%
  • 1 year+14.8%
  • 5 years-11.9%
  • 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)
$2.2B
Operating margin
-1.6%
Net margin
-3.1%
EPS (TTM, diluted)
$-2.18

Growth

Revenue growth
+4.8%
Change in growth rate
+0.7 pts
Share count change
−2.2%

Cash

Free cash flow (TTM)
$129M
FCF margin
5.9%

Earnings

Last results
October 29, 2026
Next results (est.)
January 28, 2027

News & updates

Updated October 31, 2026

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

  1. Results
  2. Announcement
  3. Agreement
  4. Announcement
  5. Announcement
  6. Results
  7. Announcement

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

Minerals Technologies Inc valuation models and calculator

What the price is pricing in

The share price implies about 4.5% a year of cash-flow growth for five years.That is close to the 3.1% a year revenue growth Minerals Technologies has delivered.

  • Priced in4.5%
  • Last 12 months4.8%
  • 3 years a year0.3%
  • 5 years a year3.1%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($64.61, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$57
Price used
$64.61close November 3, 2026
Implied change
▼ 12%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Minerals Technologies Inc's free cash flow after stock-based pay with after-tax interest added back ($137M, FY2026 Q3 TTM), growing 3.5% and 3.1% in the next two years (forecasts, guidance and its record), then back to 2.5% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$38–~$82 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Minerals Technologies Inc's free cash flow after stock-based pay ( $137M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Minerals Technologies Inc as an operating company, with every model that fits that kind of business. Cost of equity 9%: the 10-year Treasury yield (4.9%) plus a beta of 0.89 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. ~$57 ~$38–$82 Primary model, counts double
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. ~$99 ~$82–$120 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$23 ~$15–$36 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$6.3 ~$5.4–$7.6 Left out: out of range vs price (0.10x)
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$59 ~$23–$99 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Minerals Technologies Inc with Specialty Chemicals 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.

What moves the value

  • Revenue growth 5 points lower ▼ −33%
  • Revenue growth 5 points higher ▲ +44%
  • Free-cash-flow margin 1 point lower ▼ −22%
  • Last year's free-cash-flow margin change, if it persists ▲ +39%
  • Discount rate 1 point higher ▼ −19%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $44$66$96$136$188$255
8.5% $29$45$67$95$132$180
10% $20$32$49$71$99$135

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$43.86$74.13$66.25$49.55$55.84$60.42$71.33$59.40$70.07$75.28$60.65$64.83
Market value$1.5bn$2.6bn$2.4bn$1.8bn$2.0bn$2.1bn$2.4bn$1.9bn$2.3bn$2.4bn$1.9bn$2.0bn
+ Net debt (− = net cash)$1.0bn$894m$758m$808m$686m$567m$718m$815m$697m$638m$633m$586m
Enterprise value$2.6bn$3.5bn$3.1bn$2.6bn$2.6bn$2.6bn$3.1bn$2.8bn$3.0bn$3.1bn$2.5bn$2.6bn
Multiples
Price / sales 0.9x1.6x1.4x1.0x1.1x1.3x1.3x0.9x1.1x1.1x0.9x0.9x
Price / earnings 14.2x19.6x12.1x10.4x14.8x18.4x14.7x15.9x27.2x14.6x——
Price / free cash flow 8.3x16.0x18.0x13.8x11.3x11.9x16.5x83.3x16.3x16.6x22.0x15.6x
EV / EBITDA 8.6x11.1x9.3x7.3x8.6x———————

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

50 /100

Moderate moat

How hard Minerals Technologies'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 8.1% of total assets over 10 years.

  • Pricing power 10 / 20

    Gross margin has been a median 25.0%, moving by 1.6 percentage points (standard deviation) across 10 years.

  • Durability 3 / 20

    Operating margin has been a median 11.9%; its worst year was -1.6%.

  • Cash conversion 14 / 20

    Free cash flow was positive in 10 of 10 years, at a median 7.3% of revenue.

  • Discipline 15 / 20

    The diluted share count fell 8.8% over five years.

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

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $5.74 +4% $2.2bn +5%
Next $6.71 +17% $2.3bn +5%

Next year's EPS estimate has moved −6.0% in 90 days, across 4 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −8.6% on 90 days ago. In the last 30 days, 0 analysts raised Minerals Technologies Inc's forecast and 1 cut it.

Consensus EPS forecast Minerals Technologies Inc, last 90 days
$5.50 $6.00 $6.50 $7.00 $7.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $6.28 Current fiscal year, 60 days ago: $6.03 Current fiscal year, 30 days ago: $5.98 Current fiscal year, 7 days ago: $5.84 Current fiscal year, Now: $5.74 $5.74 Next fiscal year, 90 days ago: $7.14 Next fiscal year, 60 days ago: $7.00 Next fiscal year, 30 days ago: $7.00 Next fiscal year, 7 days ago: $6.88 Next fiscal year, Now: $6.71 $6.71

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $6.28$7.14
60 days ago $6.03$7.00
30 days ago $5.98$7.00
7 days ago $5.84$6.88
Now $5.74$6.71

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $1.44 $1.53 +6.1%
Jun 2026 $1.64 $1.60 −2.1%
Mar 2026 $1.25 $1.38 +10.0%
Dec 2025 $1.28 $1.27 −0.6%

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

Management guidance

Earnings release, July 30, 2026

No numeric guidance in Minerals Technologies Inc's latest earnings release (filed July 30, 2026). Some companies give their outlook only on the earnings call.

How our valuation uses these forecasts

Our cash-flow model grows Minerals Technologies Inc's revenue by +3.5% next year and +3.1% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+4.1%, weight 62%) and the company's own record (+2.5%, weight 38%) . How the weights are set.

Analyst recommendations

4 analysts, Oct 2026
Buy4100%
Hold00%
Sell00%

Monthly trend

  1. Oct 2026134
  2. Sep 2026134
  3. Aug 2026134
  4. Jul 2026134

Counts of recommendations published by analysts covering Minerals Technologies Inc, 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
4.1%
of tradable shares
Days to cover
4.17
at average volume
Short interest, 1 month
−14%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
1.2%
of shares
Employees
3,782
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 +14.8%

$56.48 on October 31, 2025 to $64.83

ThenNowEffect
Revenue (last 12 months) $2.1bn $2.1bn +4.1%
P/S multiple 0.9x 0.9x +7.1%
Share count 32m 31m +3.0%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years +11.4%

$58.22 on November 3, 2023 to $64.83

ThenNowEffect
Revenue (last 12 months) $2.1bn $2.1bn 0.0%
P/S multiple 0.9x 0.9x +6.2%
Share count 33m 31m +4.8%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

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
MTX+18%−17%+18%+7%−19%+7%
Industry peers (median)+18%−26%−9%+6%−13%+5%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
MTX58%50%42%42%50%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
MTX−26%−33%−33%−22%−34%−25%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 65% from January 25, 2017 to March 18, 2020. Getting back needed a 187% gain, reached on May 11, 2021, 419 days after the low.

Price behaviour

52-week range
$55.23 – $82.57
From 52-week high
−21.5%
vs 50-day average
−2.7%
vs 200-day average
−9.0%
Volatility (1 year)
25%
Beta vs S&P 500
0.57

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
5 up, 7 down
typical move ±4.0%
After a week
3 up, 8 down
typical move ±6.6%
After a month
6 up, 5 down
typical move ±7.4%
Results releasedNext dayS&P 500 next day5 days21 days
October 29, 2026 +1.3% −2.1% — —
July 30, 2026 +3.4% +2.4% +2.1% −2.1%
April 30, 2026 +7.9% +1.3% +10.5% +8.5%
October 23, 2025 −1.3% +1.4% −8.5% −2.6%
July 24, 2025 +8.9% +0.5% −3.3% +6.3%
April 24, 2025 −7.9% +2.8% −8.4% +1.0%
April 17, 2025 −0.5% −2.2% −5.8% +4.5%
February 6, 2025 −2.7% −0.6% −2.6% −12.0%
October 24, 2024 −0.9% +0.2% −2.3% +8.2%
July 29, 2024 −3.4% −0.4% −12.1% −5.8%
July 25, 2024 −8.1% +0.6% −12.9% −12.2%
April 25, 2024 +2.2% +0.6% +4.3% +18.2%

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.

Minerals Technologies Inc in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

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) Minerals Technologies Inc
$2.1B $2.1B $2.2B $2.2B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $2.2B Revenue (TTM), FY24 Q1: $2.2B Revenue (TTM), FY24 Q2: $2.1B Revenue (TTM), FY24 Q3: $2.1B Revenue (TTM), FY24 Q4: $2.1B Revenue (TTM), FY25 Q1: $2.1B Revenue (TTM), FY25 Q2: $2.1B Revenue (TTM), FY25 Q3: $2.1B Revenue (TTM), FY25 Q4: $2.1B Revenue (TTM), FY26 Q1: $2.1B Revenue (TTM), FY26 Q2: $2.1B Revenue (TTM), FY26 Q3: $2.2B $2.2B

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $2.2B
FY24 Q1 $2.2B
FY24 Q2 $2.1B
FY24 Q3 $2.1B
FY24 Q4 $2.1B
FY25 Q1 $2.1B
FY25 Q2 $2.1B
FY25 Q3 $2.1B
FY25 Q4 $2.1B
FY26 Q1 $2.1B
FY26 Q2 $2.1B
FY26 Q3 $2.2B
Revenue growth, TTM YoY Minerals Technologies Inc
-5% 0% 5% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 2.1% Revenue growth, TTM YoY, FY24 Q1: 0.3% Revenue growth, TTM YoY, FY24 Q2: 0.0% Revenue growth, TTM YoY, FY24 Q3: -1.3% Revenue growth, TTM YoY, FY24 Q4: -2.4% Revenue growth, TTM YoY, FY25 Q1: -3.8% Revenue growth, TTM YoY, FY25 Q2: -3.9% Revenue growth, TTM YoY, FY25 Q3: -2.5% Revenue growth, TTM YoY, FY25 Q4: -2.2% Revenue growth, TTM YoY, FY26 Q1: 2.5% Revenue growth, TTM YoY, FY26 Q2: 4.1% Revenue growth, TTM YoY, FY26 Q3: 4.8% 4.8%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 2.1%
FY24 Q1 0.3%
FY24 Q2 0.0%
FY24 Q3 -1.3%
FY24 Q4 -2.4%
FY25 Q1 -3.8%
FY25 Q2 -3.9%
FY25 Q3 -2.5%
FY25 Q4 -2.2%
FY26 Q1 2.5%
FY26 Q2 4.1%
FY26 Q3 4.8%
Operating margin (TTM) Minerals Technologies Inc
-5% 0% 5% 10% 15% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 7.9% Operating margin (TTM), FY24 Q1: 8.5% Operating margin (TTM), FY24 Q2: 8.6% Operating margin (TTM), FY24 Q3: 12.7% Operating margin (TTM), FY24 Q4: 13.5% Operating margin (TTM), FY25 Q1: 2.5% Operating margin (TTM), FY25 Q2: 3.6% Operating margin (TTM), FY25 Q3: 3.4% Operating margin (TTM), FY25 Q4: 2.3% Operating margin (TTM), FY26 Q1: 12.5% Operating margin (TTM), FY26 Q2: -1.3% Operating margin (TTM), FY26 Q3: -1.6% -1.6%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 7.9%
FY24 Q1 8.5%
FY24 Q2 8.6%
FY24 Q3 12.7%
FY24 Q4 13.5%
FY25 Q1 2.5%
FY25 Q2 3.6%
FY25 Q3 3.4%
FY25 Q4 2.3%
FY26 Q1 12.5%
FY26 Q2 -1.3%
FY26 Q3 -1.6%
FCF margin (TTM) Minerals Technologies Inc
4% 6% 8% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 6.5% FCF margin (TTM), FY24 Q1: 7.9% FCF margin (TTM), FY24 Q2: 8.2% FCF margin (TTM), FY24 Q3: 8.3% FCF margin (TTM), FY24 Q4: 6.9% FCF margin (TTM), FY25 Q1: 4.1% FCF margin (TTM), FY25 Q2: 4.3% FCF margin (TTM), FY25 Q3: 4.7% FCF margin (TTM), FY25 Q4: 4.2% FCF margin (TTM), FY26 Q1: 5.6% FCF margin (TTM), FY26 Q2: 5.6% FCF margin (TTM), FY26 Q3: 5.9% 5.9%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 6.5%
FY24 Q1 7.9%
FY24 Q2 8.2%
FY24 Q3 8.3%
FY24 Q4 6.9%
FY25 Q1 4.1%
FY25 Q2 4.3%
FY25 Q3 4.7%
FY25 Q4 4.2%
FY26 Q1 5.6%
FY26 Q2 5.6%
FY26 Q3 5.9%

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

Financial statements

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

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 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 Oct 2026
Income
Revenue 907 1,002 1,033 997 1,018 1,725 1,798 1,638 1,676 1,808 1,791 1,595 1,858 2,126 2,170 2,119 2,073 2,170
Gross profit 156 209 214 222 234 435 471 460 467 461 441 405 447 465 507 548 518 519
EBITDA 55 162 162 165 174 253 299 316 335 350 307 — — — — — — —
Operating income −17 98 104 114 127 169 200 224 244 256 209 188 236 215 172 287 47 −35
Net income −24 67 68 74 80 92 108 133 195 169 133 112 164 122 84 167 −18 −68
Diluted EPS −$0.64 $1.79 $1.86 $2.09 $2.30 $2.65 $3.08 $3.79 $5.48 $4.75 $3.78 $3.29 $4.86 $3.73 $2.58 $5.17 −$0.59 −$2.18
Growth (year on year)
Revenue −18.4% +10.5% +3.1% −3.5% +2.1% +69.4% +4.2% −8.9% +2.3% +7.9% −0.9% −11.0% +16.5% +14.4% +2.1% −2.4% −2.2% +4.8%
EBITDA −65.9% +193.2% −0.0% +1.5% +5.8% +45.4% +17.9% +5.8% +6.2% +4.4% −12.3% — — — — — — —
Operating income −120.8% — +5.9% +9.2% +11.7% +33.0% +18.7% +11.8% +9.2% +4.7% −18.4% −10.0% +25.4% −8.9% −20.0% +66.8% −83.5% −150.1%
Net income −136.4% — +1.0% +9.7% +8.4% +15.1% +16.8% +23.6% +46.3% −13.4% −21.5% −15.3% +46.3% −25.7% −31.2% +98.7% −111.0% —
Diluted EPS −118.5% — +3.9% +12.4% +10.0% +15.2% +16.2% +23.1% +44.6% −13.3% −20.4% −13.0% +47.7% −23.3% −30.8% +100.4% −111.4% —
Margins
Gross margin 17.2% 20.9% 20.7% 22.3% 23.0% 25.2% 26.2% 28.1% 27.9% 25.5% 24.6% 25.4% 24.0% 21.9% 23.4% 25.9% 25.0% 23.9%
EBITDA margin 6.1% 16.2% 15.7% 16.5% 17.1% 14.7% 16.6% 19.3% 20.0% 19.4% 17.1% — — — — — — —
Operating margin −1.9% 9.8% 10.1% 11.4% 12.5% 9.8% 11.1% 13.7% 14.6% 14.2% 11.7% 11.8% 12.7% 10.1% 7.9% 13.5% 2.3% −1.6%
Net margin −2.6% 6.7% 6.5% 7.4% 7.9% 5.4% 6.0% 8.1% 11.6% 9.3% 7.4% 7.0% 8.8% 5.7% 3.9% 7.9% −0.9% −3.1%
Free-cash-flow margin 14.8% 10.8% 7.9% 8.8% 8.9% 13.3% 10.2% 9.9% 7.8% 7.1% 9.7% 10.9% 7.9% 1.1% 6.5% 6.9% 4.2% 5.9%
Cash flow
Cash from operations 161 142 134 140 135 311 270 225 208 204 238 241 232 106 234 236 194 235
Capital spending 27 35 52 52 44 82 86 62 77 76 65 67 86 82 94 90 107 107
Free cash flow 134 108 82 88 91 229 184 163 131 128 173 174 146 23 140 147 87 129
Stock-based pay 6 6 7 6 5 6 11 6 8 6 8 10 11 10 11 12 12 —
Free cash flow after stock pay 128 102 74 82 86 223 173 156 123 122 165 164 136 13 129 135 75 —
Balance sheet
Cash 311 368 395 454 490 250 229 189 212 209 242 368 300 247 317 333 329 372
Total debt 104 97 100 93 89 1,435 1,265 1,083 970 1,016 928 934 1,017 1,062 1,015 971 962 958
Net debt (negative = net cash) −207 −271 −295 −362 −402 1,186 1,036 894 758 808 686 567 718 815 697 638 633 586
Diluted shares 37m 37m 36m 36m 35m 35m 35m 35m 36m 36m 35m 34m 34m 33m 33m 32m 31m 31m
Returned to shareholders
Dividends 4 4 4 4 7 7 7 7 7 7 7 7 7 7 8 13 14 15
Buybacks 0 28 48 26 52 0 0 3 1 22 41 41 75 56 14 64 59 22
Total returned 4 32 52 30 59 7 7 10 8 29 48 48 82 63 22 77 73 37

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

4 of 6 checks passed · October 4, 2026
What it owns · $3.5bn
Short-term assets $1.2bnLonger-term assets $2.3bn
What it owes, and who funded it · $3.5bn
Short-term liabilities $849mLonger-term liabilities $1.1bnShareholders' equity $1.6bn
  • Short-term assets cover short-term liabilities $1.2bn of assets due within a year against $849m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.2bn short-term assets against $1.1bn of longer-dated liabilities.
  • More cash than debt $372m of cash against $958m of debt.
  • Debt below 40% of shareholders' equity Debt is 61% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 60% to 61% over five years.
  • A year's operating cash flow covers at least 20% of debt $235m of operating cash flow against $958m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Minerals Technologies Inc'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

FY2026 Q3 TTM
Buybacks (TTM)
$21.6M
Dividends (TTM)
$15M
Returned to shareholders
28%
of free cash flow
Buybacks, last 3 fiscal years
$136M
Diluted share count
−2.2%
year over year
Total shareholder yield
1.8%
dividends 0.7% + buybacks 1.1% of market value
R&D spending
1.1%
of revenue
Sales & admin spending
9.9%
of revenue
Days sales outstanding
71 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in specialty chemicals
Last 12 months unless stated MTX KWR SCL IOSP ASH SXT Median
Revenue, last 12 months $2.2bn $2.0bn $2.4bn $1.8bn $1.8bn $1.7bn $906m
Revenue growth, last 12 months 4.8% 8.7% 7.6% 2.9% −1.4% 9.5% 5.4%
Revenue growth, 3-year average 0.3% 0.9% −1.9% −2.9% −7.2% 6.3% 0.9%
Revenue growth, latest quarter 4.2% 10.3% 15.0% 11.8% 7.3% 10.6% 8.3%
Gross margin 23.9% 35.8% 11.8% 27.5% 31.5% 35.1% 28.8%
Operating margin −1.6% 7.6% 0.8% 7.0% 7.4% 14.5% 4.3%
Operating margin, 3-year average 4.8% 7.3% 2.3% 8.5% −13.0% 12.7% 5.5%
Net margin −3.1% 4.8% −0.1% 6.6% 2.8% 9.7% 0.8%
Cash from operations / revenue 10.8% 4.6% 6.4% 6.7% 18.2% 6.9% 6.9%
Free-cash-flow margin 5.9% 1.9% 1.5% 3.7% 13.6% −1.0% 4.3%
Free-cash-flow margin, 3-year average 6.3% 5.8% 1.1% 5.9% 11.3% 3.3% 5.1%
Stock pay / revenue — 0.7% 0.3% 0.6% 1.0% 1.0% 1.0%
Change in share count −2.2% −1.8% −0.0% −1.1% −9.2% 0.5% 0.1%

Median of all 42 companies we cover in specialty chemicals. 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

42 specialty chemicals companies
Measure Company Peer median Rank
Revenue growth Growth 4.8% 6.0% 23 of 42
Change in growth rate Growth +0.7pp +1.3pp 26 of 42
Gross margin Profitability 23.9% 31.5% 25 of 40
Operating margin Profitability -1.6% 3.8% 23 of 39
Net margin Profitability -3.1% 1.7% 24 of 42
Free-cash-flow margin Cash generation 5.9% 4.8% 15 of 42
Long-term debt as % of assets Balance sheet 26.8% 26.8% 19 of 36
Change in share count Balance sheet -2.2% 0.0% 5 of 37
Days sales outstanding Balance sheet 71 days 59 days 21 of 30

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
Consumer and Specialties $1.1B 53.0% ▼ 3.7%
Engineered Solutions $975M 47.0% ▼ 0.3%
Products and services
Line of business Revenue Share YoY
High Temperature Technologies $705M 34.0% ▼ 1.2%
Specialty Additives $585M 28.2% ▼ 4.1%
Household and Personal Care $513M 24.7% ▼ 3.2%
Environmental and Infrastructure $270M 13.0% ▲ 1.9%

From Minerals Technologies Inc's 10-K filed February 20, 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
$2.3B
Institutions reporting
290
Shares held vs prior quarter
▲ 2.9%
Positions opened / closed
45 / 32

Top buyers and sellers, Q2 2026: 170 institutions bought and 102 sold ; the biggest buyer was FMR LLC (+373K shares) and the biggest seller Brandes Investment Partners, LP (−555K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $362M 4.9M 15.5% ▲ 1.6%
FMR LLC $343M 4.6M 14.7% ▲ 8.8%
Dimensional Fund Advisors LP $147M 2.0M 6.3% ▲ 0.7%
Vanguard Portfolio Management LLC $143M 1.9M 6.1% ▲ 1.5%
Nomura Asset Management International Inc. $126M 1.7M 5.4% ▲ 17.1%
Vanguard Capital Management LLC $103M 1.4M 4.4% ▲ 1.9%
State Street Corp $93.6M 1.3M 4.0% ▲ 4.6%
Geode Capital Management, LLC $76.1M 1.0M 3.3% ▲ 7.4%
Ameriprise Financial Inc $48.3M 653K 2.1% ▲ 39.1%
Mirae Asset Global Etfs Holdings Ltd. $45M 608K 1.9% ▲ 8.4%
American Century Companies Inc $40.7M 550K 1.7% ▼ 46.0%
Snyder Capital Management L P $36.1M 489K 1.5% ▼ 2.6%

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 Minerals Technologies Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $4.1M 4 trades by 4 insiders · 0% under pre-set plans
Net ▼ $4.1M net selling
Insider Date Trade Shares Price Value
Dietrich Douglas T CHAIRMAN AND CEO May 14, 2026 Sell 21,568 $81.53 $1.8M
Jordan Timothy Vice President May 11, 2026 Sell 6,000 $80.27 $481,620
Monagle Dj Iii Group President December 29, 2025 Sell 23,093 $61.90 $1.4M
Argirakis Brett Group President November 21, 2025 Sell 6,501 $58.68 $381,479

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.

Trades by members of Congress

All 8 trades and filings

In the last 12 months, 1 member of Congress disclosed 1 purchase and 1 sale of Minerals Technologies Inc shares.

  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded July 10, 2026, filed September 4, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Sale (partial), $1,001 - $15,000, traded January 5, 2026, filed February 13, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded May 6, 2025, filed June 6, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 28, 2027 estimated from the company's past filing pattern, not announced

  • October 29, 2026
  • July 30, 2026
  • April 30, 2026
  • October 23, 2025
  • July 24, 2025
  • April 24, 2025

Recent SEC filings

Data status

When each part of this page on Minerals Technologies Inc 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.

Minerals Technologies Inc in brief

What does Minerals Technologies Inc do?
Minerals Technologies Inc is a US-listed company in the specialty chemicals industry. Its financial year ends in December.
What is Minerals Technologies Inc's stock ticker?
Minerals Technologies Inc trades under the ticker MTX on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Minerals Technologies Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Minerals Technologies Inc reported revenue of $2.2B, 4.8% higher than a year earlier, according to its SEC filings.
What is Minerals Technologies Inc's free cash flow?
Minerals Technologies Inc's free-cash-flow margin is 5.9% of revenue over the trailing twelve months, ranking 15 of the 42 specialty chemicals companies we cover.
What is Minerals Technologies Inc's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Minerals Technologies Inc's free cash flow after stock-based pay gives ~$57 per share in the base case, and ~$38–$82 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Minerals Technologies Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., FMR LLC and Dimensional Fund Advisors LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Minerals Technologies Inc buying back stock, and does it pay a dividend?
Minerals Technologies Inc spent $21.6M on share repurchases over the trailing twelve months, and its diluted share count fell 2.2% over the year.
What is Minerals Technologies Inc's market cap?
On November 2, 2026, Minerals Technologies Inc's market capitalisation was about $2B and net debt of $586M. Market figures come from third-party market data and may be delayed.
Does Minerals Technologies Inc pay a dividend?
Yes: Minerals Technologies Inc paid $15M in dividends over the trailing twelve months, a dividend yield of 0.74%.
How much debt does Minerals Technologies Inc have?
Minerals Technologies Inc's debt-to-equity ratio is 60.7%, from its latest balance sheet (60.0% five years earlier). The financial health section below sets out its other solvency checks.
Who are Minerals Technologies Inc's competitors?
In our Specialty Chemicals peer group, the companies closest to Minerals Technologies Inc are Quaker Chemical Corp, Stepan Co, Innospec Inc., Ashland Inc. and Sensient Technologies Corp. The side-by-side comparison below sets their revenue, margins and growth against Minerals Technologies Inc's.
Are insiders buying or selling Minerals Technologies Inc stock?
Over the last 12 months, Minerals Technologies Inc's directors and officers reported 0 open-market purchases and 4 sales on Form 4. The insider trading page charts every trade.
When is Minerals Technologies Inc's next earnings date?
Around January 28, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Minerals Technologies Inc announces its own schedule.