Materion (MTRN) Financials

$80.85 -0.63 (-0.77%)

As of 03:43 PM Eastern

Annual Income Statements for Materion

This table shows Materion's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	42	32	26	11	21	53	15	72	86	96	5.89
Consolidated Net Income / (Loss)	42	32	26	11	21	53	15	72	86	96	5.89
Net Income / (Loss) Continuing Operations	42	32	26	11	21	53	15	72	86	96	5.89
Total Pre-Tax Income	55	43	25	36	17	66	8.28	77	103	108	15
Total Operating Income	58	45	29	40	62	71	8.22	77	120	136	47
Total Gross Profit	206	191	185	213	251	263	193	284	344	349	326
Total Revenue	1,127	1,025	969	1,139	1,208	1,185	1,176	1,511	1,757	1,665	1,685
Operating Revenue	1,127	1,025	969	1,139	1,208	1,185	1,176	1,511	1,757	1,665	1,685
Total Cost of Revenue	921	834	785	927	956	923	984	1,227	1,413	1,316	1,359
Operating Cost of Revenue	921	834	785	927	956	923	984	1,227	1,413	1,316	1,359
Total Operating Expenses	148	146	156	173	190	192	184	207	224	213	279
Selling, General & Admin Expense	136	130	129	144	153	147	134	164	169	158	146
Research & Development Expense	13	13	13	14	15	18	20	27	29	28	29
Other Operating Expenses / (Income)	-1.02	2.78	11	14	15	12	8.46	17	24	23	18
Impairment Charge	-	-	-	0.00	0.00	14	10	-	0.00	0.00	73
Restructuring Charge	-	-	2.59	0.64	5.60	0.79	11	-0.44	1.57	3.82	6.85
Other Special Charges / (Income)	-	-	-	-	-	-	-	-	0.00	0.00	6.41
Total Other Income / (Expense), net	-2.79	-2.45	-3.57	-3.64	-45	-5.01	0.06	0.21	-17	-29	-32
Interest Expense	2.79	2.45	1.79	2.18	2.47	1.58	3.88	4.90	22	31	35
Other Income / (Expense), net	-	-	-1.78	-1.45	-43	-3.43	3.94	5.12	5.25	2.71	2.44
Income Tax Expense	13	11	-0.43	25	-4.45	12	-7.19	4.85	17	12	9.01
Basic Earnings per Share	$2.06	$1.60	$1.29	$0.57	$1.04	$2.62	$0.76	$3.55	$4.19	$4.64	$0.28
Weighted Average Basic Shares Outstanding	20.46M	20.10M	19.98M	20.03M	20.21M	20.37M	20.34M	20.42M	20.51M	20.62M	20.73M
Diluted Earnings per Share	$2.02	$1.58	$1.27	$0.56	$1.02	$2.59	$0.75	$3.50	$4.14	$4.58	$0.28
Weighted Average Diluted Shares Outstanding	20.85M	20.40M	20.21M	20.42M	20.61M	20.66M	20.60M	20.69M	20.76M	20.91M	20.93M
Weighted Average Basic & Diluted Shares Outstanding	20.50M	20.10M	20M	20.10M	20.20M	20.41M	20.33M	20.45M	20.54M	20.65M	20.77M
Cash Dividends to Common per Share	$0.34	$0.36	$0.38	$0.40	$0.42	$0.44	$0.46	$0.48	$0.50	$0.52	$0.54

This table shows Materion's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/29/2023	12/31/2023	3/29/2024	6/28/2024	9/27/2024	12/31/2024	3/28/2025
Net Income / (Loss) Attributable to Common Shareholders	20	29	26	24	27	19	13	19	22	-49	18
Consolidated Net Income / (Loss)	20	29	26	24	27	19	13	19	22	-49	18
Net Income / (Loss) Continuing Operations	20	29	26	24	27	19	13	19	22	-49	18
Total Pre-Tax Income	24	33	30	28	30	20	15	24	23	-47	21
Total Operating Income	29	39	37	35	37	28	22	32	31	-38	27
Total Gross Profit	83	98	91	89	89	80	71	81	81	93	76
Total Revenue	428	435	443	399	403	421	385	426	437	437	420
Operating Revenue	428	435	443	399	403	421	385	426	437	437	420
Total Cost of Revenue	345	336	351	309	314	341	314	345	356	344	344
Operating Cost of Revenue	345	336	351	309	314	341	314	345	356	344	344
Total Operating Expenses	54	59	54	54	52	52	49	49	50	131	49
Selling, General & Admin Expense	39	47	40	39	39	40	36	34	35	41	35
Research & Development Expense	7.43	6.88	7.62	7.15	6.32	6.44	7.14	7.70	7.87	6.32	6.51
Other Operating Expenses / (Income)	6.77	5.66	5.78	6.19	6.21	5.15	4.36	4.45	5.31	3.57	5.00
Restructuring Charge	0.48	0.01	0.66	1.45	1.08	0.63	1.62	3.05	1.49	0.69	2.04
Total Other Income / (Expense), net	-4.71	-5.84	-6.77	-6.92	-6.99	-7.93	-7.64	-8.16	-8.20	-8.33	-6.25
Interest Expense	5.89	7.58	7.50	7.64	7.68	8.50	8.28	8.80	8.84	8.84	6.92
Other Income / (Expense), net	1.18	1.74	0.73	0.73	0.69	0.57	0.64	0.64	0.64	0.52	0.67
Income Tax Expense	4.43	4.59	4.58	4.35	2.96	0.24	1.20	4.86	0.77	2.18	3.25
Basic Earnings per Share	$0.97	$1.40	$1.24	$1.17	$1.29	$0.94	$0.65	$0.92	$1.07	($2.36)	$0.85
Weighted Average Basic Shares Outstanding	20.53M	20.51M	20.57M	20.63M	20.64M	20.62M	20.68M	20.74M	20.75M	20.73M	20.78M
Diluted Earnings per Share	$0.96	$1.38	$1.23	$1.15	$1.27	$0.93	$0.64	$0.91	$1.07	($2.34)	$0.85
Weighted Average Diluted Shares Outstanding	20.78M	20.76M	20.89M	20.90M	20.91M	20.91M	20.97M	20.91M	20.92M	20.93M	20.91M
Weighted Average Basic & Diluted Shares Outstanding	20.53M	20.54M	20.61M	20.64M	20.64M	20.65M	20.73M	20.75M	20.75M	20.77M	20.81M
Cash Dividends to Common per Share	$0.13	-	$0.13	$0.13	$0.13	-	$0.13	$0.14	$0.14	-	$0.14

This table details how cash moves in and out of Materion's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-9.62	11	7.23	10	29	54	-99	-11	-1.36	0.19	3.42
Net Cash From Operating Activities	60	91	68	68	76	99	101	90	116	144	88
Net Cash From Continuing Operating Activities	60	91	68	68	76	99	101	90	116	144	88
Net Income / (Loss) Continuing Operations	42	32	26	11	21	53	15	72	86	96	5.89
Consolidated Net Income / (Loss)	42	32	26	11	21	53	15	72	86	96	5.89
Depreciation Expense	43	38	46	43	36	41	42	44	53	62	69
Amortization Expense	0.80	0.65	4.73	5.78	6.56	1.35	0.64	1.40	1.59	0.39	1.41
Non-Cash Adjustments To Reconcile Net Income	2.38	6.26	2.65	5.19	47	25	17	6.24	8.28	10	91
Changes in Operating Assets and Liabilities, net	-28	14	-11	2.62	-34	-22	26	-34	-33	-24	-80
Net Cash From Investing Activities	-27	-52	-37	-43	-34	-26	-195	-494	-80	-119	-80
Net Cash From Continuing Investing Activities	-27	-52	-37	-43	-34	-26	-195	-494	-80	-119	-80
Purchase of Property, Plant & Equipment	-31	-52	-37	-29	-28	-24	-67	-103	-78	-111	-69
Acquisitions	0.00	0.00	-1.75	-17	0.00	0.00	-131	-392	-2.97	0.00	0.00
Sale of Property, Plant & Equipment	3.09	0.06	1.43	2.22	0.43	0.04	0.03	0.88	0.85	0.65	1.20
Other Investing Activities, net	-0.00	-	-	-	-6.56	-2.28	-	0.00	0.00	-9.33	-12
Net Cash From Financing Activities	-41	-27	-23	-15	-14	-18	-7.09	393	-36	-25	-4.19
Net Cash From Continuing Financing Activities	-41	-27	-23	-15	-14	-18	-7.09	393	-36	-25	-4.19
Repayment of Debt	-46	-90	-21	-57	-1.64	-2.95	-21	-9.46	-19	-15	-30
Payment of Dividends	-6.87	-7.13	-7.50	-7.91	-8.39	-8.86	-9.26	-9.70	-10	-11	-11
Issuance of Debt	33	78	10	55	0.00	0.00	34	418	0.23	8.07	46
Other Financing Activities, net	0.48	-0.37	-1.09	-4.51	-3.16	-6.05	-4.43	-6.14	-6.33	-6.88	-8.29
Effect of Exchange Rate Changes	-1.55	-1.02	-0.48	1.39	-0.14	-0.32	1.61	-0.39	-2.03	-0.15	-0.61

This table details how cash moves in and out of Materion's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/29/2023	12/31/2023	3/29/2024	6/28/2024	9/27/2024	12/31/2024	3/28/2025
Net Change in Cash & Equivalents	-11	-7.58	2.14	1.33	-0.17	-3.11	-0.19	3.99	0.78	-1.16	-1.08
Net Cash From Operating Activities	13	82	38	32	14	60	-14	20	5.09	76	16
Net Cash From Continuing Operating Activities	13	82	38	32	14	60	-14	20	5.09	76	16
Net Income / (Loss) Continuing Operations	20	29	26	24	27	19	13	19	22	-49	18
Consolidated Net Income / (Loss)	20	29	26	24	27	19	13	19	22	-49	18
Depreciation Expense	13	14	15	16	15	15	16	17	19	17	17
Amortization Expense	0.53	0.28	0.42	0.43	0.43	-0.89	0.43	0.43	0.43	0.12	0.45
Non-Cash Adjustments To Reconcile Net Income	2.30	2.28	2.25	2.79	2.54	2.68	2.50	2.84	2.38	84	2.99
Changes in Operating Assets and Liabilities, net	-23	36	-5.25	-11	-31	24	-46	-19	-39	24	-22
Net Cash From Investing Activities	-16	-23	-30	-33	-31	-25	-26	-22	-12	-19	-21
Net Cash From Continuing Investing Activities	-16	-23	-30	-33	-31	-25	-26	-22	-12	-19	-21
Purchase of Property, Plant & Equipment	-17	-23	-30	-33	-22	-25	-21	-27	-1.94	-18	-12
Sale of Property, Plant & Equipment	0.72	0.02	0.21	0.20	0.01	0.24	0.35	0.18	0.03	0.64	0.27
Other Investing Activities, net	-	-	0.00	-	-	-	-5.33	-	-	-1.78	-8.68
Net Cash From Financing Activities	-7.07	-67	-6.29	2.46	18	-39	40	5.90	6.73	-57	3.48
Net Cash From Continuing Financing Activities	-7.07	-67	-6.29	2.46	18	-39	40	5.90	6.73	-57	3.48
Repayment of Debt	-4.58	-7.54	-3.91	-3.84	-3.84	-3.84	-7.59	-7.59	-7.52	-7.80	-7.52
Payment of Dividends	-2.47	-2.58	-2.57	-2.68	-2.68	-2.68	-2.69	-2.80	-2.80	-2.79	-2.80
Issuance of Debt	0.88	-56	4.60	11	24	-32	57	17	17	-45	16
Other Financing Activities, net	-0.90	-1.29	-4.41	-1.58	-0.41	-0.48	-6.20	-0.58	-0.36	-1.15	-2.39
Effect of Exchange Rate Changes	-1.43	0.92	0.13	-0.67	-0.24	0.63	-0.38	-0.23	1.25	-1.24	0.68

This table presents Materion's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	762	742	741	791	800	898	1,058	1,607	1,692	1,763	1,698
Total Current Assets	387	346	345	411	439	538	464	627	690	709	724
Cash & Equivalents	13	24	31	42	71	125	26	14	13	13	17
Accounts Receivable	113	97	101	124	131	155	166	214	215	193	194
Inventories, net	232	212	201	220	215	236	251	361	423	442	441
Prepaid Expenses	15	13	12	25	23	22	21	38	39	62	72
Plant, Property, & Equipment, net	248	264	253	256	251	232	310	409	449	515	511
Plant, Property & Equipment, gross	801	834	861	892	898	917	998	1,132	1,209	1,282	1,316
Accumulated Depreciation	553	570	609	636	647	685	689	723	760	767	805
Total Noncurrent Assets	128	133	143	125	110	128	284	571	553	539	463
Goodwill	87	87	87	91	91	79	145	319	319	321	264
Intangible Assets	19	13	11	9.85	6.46	6.38	55	157	143	134	109
Noncurrent Deferred & Refundable Income Taxes	18	26	39	17	5.62	1.67	3.13	5.43	3.27	4.91	2.96
Other Noncurrent Operating Assets	4.78	6.72	5.95	6.99	7.24	41	81	90	87	79	87
Total Liabilities & Shareholders' Equity	762	742	741	791	800	898	1,058	1,607	1,692	1,763	1,698
Total Liabilities	303	259	247	296	246	253	406	887	897	878	829
Total Current Liabilities	104	96	90	127	140	122	127	205	239	255	227
Short-Term Debt	0.65	8.99	0.73	0.78	0.82	0.87	1.94	15	21	39	34
Accounts Payable	36	32	33	49	50	43	56	86	108	126	106
Accrued Expenses	58	48	50	71	81	74	60	91	91	72	68
Current Deferred Revenue	4.88	3.70	1.11	5.45	5.92	3.38	7.71	7.77	15	14	13
Current Deferred & Payable Income Tax Liabilities	3.14	2.37	4.78	1.08	2.62	1.34	1.90	4.21	3.93	5.21	4.91
Total Noncurrent Liabilities	199	163	157	169	107	130	279	683	658	623	602
Long-Term Debt	24	4.28	3.61	2.83	2.07	1.26	37	434	411	388	408
Noncurrent Deferred Revenue	1.75	47	43	42	36	36	89	99	108	108	78
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	0.11	0.27	0.21	0.20	13	16	27	28	20	3.24
Noncurrent Employee Benefit Liabilities	104	93	92	93	39	32	42	33	20	26	26
Other Noncurrent Operating Liabilities	70	18	18	15	30	47	95	88	90	81	87
Total Equity & Noncontrolling Interests	459	483	494	495	554	646	656	720	800	885	869
Total Preferred & Common Equity	459	483	494	495	554	646	656	720	800	885	869
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	-	0.00	0.00
Total Common Equity	459	483	494	495	554	646	652	720	795	885	869
Common Stock	205	209	213	223	235	250	259	272	288	309	336
Retained Earnings	475	500	518	536	548	625	631	694	769	854	849
Treasury Stock	-141	-149	-154	-166	-175	-187	-199	-210	-221	-238	-262
Accumulated Other Comprehensive Income / (Loss)	-82	-81	-86	-103	-58	-45	-39	-40	-42	-47	-61
Other Equity Adjustments	2.93	3.60	4.06	4.45	4.49	3.42	-	4.80	-	5.92	6.56

This table presents Materion's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/29/2023	3/29/2024	6/28/2024	9/27/2024	3/28/2025
Total Assets	1,702	1,718	1,738	1,749	1,805	1,804	1,857	1,752
Total Current Assets	710	700	698	710	740	739	795	759
Cash & Equivalents	21	15	17	16	13	17	18	16
Accounts Receivable	239	208	188	186	188	185	215	219
Inventories, net	420	434	455	452	467	463	477	440
Prepaid Expenses	30	42	38	55	72	74	86	84
Plant, Property, & Equipment, net	426	470	493	497	524	528	526	522
Plant, Property & Equipment, gross	1,173	1,198	1,233	1,252	1,304	1,321	1,328	1,340
Accumulated Depreciation	747	729	740	756	780	793	802	818
Total Noncurrent Assets	567	549	547	542	541	537	536	471
Goodwill	319	320	320	319	320	320	321	264
Intangible Assets	145	140	138	135	129	126	124	107
Noncurrent Deferred & Refundable Income Taxes	4.70	3.34	3.25	3.21	4.75	4.78	4.91	2.97
Other Noncurrent Operating Assets	98	85	85	85	87	86	85	97
Total Liabilities & Shareholders' Equity	1,702	1,718	1,738	1,749	1,805	1,804	1,857	1,752
Total Liabilities	936	896	891	877	915	897	925	864
Total Current Liabilities	202	246	233	217	255	227	253	267
Short-Term Debt	20	28	27	39	47	39	38	53
Accounts Payable	96	127	124	93	135	117	130	137
Accrued Expenses	78	66	64	68	57	54	68	60
Current Deferred Revenue	6.60	20	15	15	15	16	15	13
Current Deferred & Payable Income Tax Liabilities	1.54	4.67	2.56	2.00	2.08	1.53	1.17	4.10
Total Noncurrent Liabilities	733	650	657	659	661	669	672	597
Long-Term Debt	474	405	413	422	429	446	458	399
Noncurrent Deferred Revenue	112	111	112	110	100	93	86	72
Noncurrent Deferred & Payable Income Tax Liabilities	30	28	28	28	20	21	20	3.30
Noncurrent Employee Benefit Liabilities	29	21	21	20	25	25	26	25
Other Noncurrent Operating Liabilities	87	86	83	79	86	84	83	98
Total Equity & Noncontrolling Interests	767	822	847	872	890	907	932	888
Total Preferred & Common Equity	767	822	847	872	890	907	932	888
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	767	822	847	872	890	907	932	888
Common Stock	284	298	303	307	324	329	332	343
Retained Earnings	743	792	814	838	865	881	901	864
Treasury Stock	-219	-232	-236	-237	-256	-259	-259	-268
Accumulated Other Comprehensive Income / (Loss)	-47	-42	-39	-41	-49	-51	-48	-58
Other Equity Adjustments	5.17	5.30	5.81	5.86	5.98	6.44	6.50	6.62

This table displays calculated financial ratios and metrics derived from Materion's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.43%	-9.02%	-5.47%	17.56%	6.00%	-1.85%	-0.77%	28.43%	16.32%	-5.23%	1.17%
EBITDA Growth	44.57%	-17.18%	-7.47%	12.43%	-29.80%	79.19%	-49.65%	131.56%	40.90%	11.76%	-40.48%
EBIT Growth	108.59%	-21.39%	-40.13%	42.34%	-50.57%	251.96%	-81.89%	576.53%	52.03%	11.32%	-64.31%
NOPAT Growth	94.96%	-23.21%	-13.63%	-57.11%	521.64%	-26.59%	-73.29%	370.84%	38.20%	21.24%	-84.59%
Net Income Growth	108.45%	-23.67%	-19.96%	-55.51%	83.77%	153.73%	-71.04%	368.72%	18.65%	11.29%	-93.85%
EPS Growth	108.25%	-21.78%	-19.62%	-55.91%	82.14%	153.92%	-71.04%	366.67%	18.29%	10.63%	-93.89%
Operating Cash Flow Growth	-20.60%	50.98%	-25.09%	-0.56%	12.65%	29.92%	1.85%	-10.70%	28.50%	24.54%	-39.19%
Free Cash Flow Firm Growth	651.57%	-59.57%	6.98%	-80.45%	866.71%	-68.05%	-708.14%	-231.83%	110.02%	-12.37%	-39.07%
Invested Capital Growth	-6.97%	0.39%	-1.06%	1.26%	2.82%	7.55%	27.08%	73.93%	5.01%	6.95%	-0.29%
Revenue Q/Q Growth	0.20%	-6.76%	2.14%	6.98%	-0.87%	-1.49%	5.33%	3.96%	2.17%	-0.81%	0.95%
EBITDA Q/Q Growth	8.14%	-7.93%	2.17%	7.72%	-39.44%	60.88%	-17.41%	9.40%	16.96%	-6.06%	-34.39%
EBIT Q/Q Growth	16.22%	-11.99%	-14.02%	23.76%	-67.86%	226.10%	-50.25%	12.13%	23.93%	-8.38%	-57.07%
NOPAT Q/Q Growth	22.01%	-14.12%	7.20%	-59.90%	116.72%	8.21%	-38.57%	21.15%	13.72%	-5.34%	-81.95%
Net Income Q/Q Growth	23.09%	-14.53%	0.25%	-56.73%	-37.07%	249.46%	-37.86%	19.09%	11.81%	-8.85%	-92.07%
EPS Q/Q Growth	23.93%	-13.66%	-0.78%	-56.92%	-36.65%	250.00%	-38.02%	18.64%	11.89%	-8.95%	-92.11%
Operating Cash Flow Q/Q Growth	3.16%	8.22%	-7.10%	-11.33%	-6.34%	14.49%	-15.17%	45.24%	38.17%	-13.14%	22.87%
Free Cash Flow Firm Q/Q Growth	119.27%	-46.57%	47.90%	-82.70%	138.22%	-58.19%	-37.19%	-446.16%	110.68%	-28.40%	111.48%
Invested Capital Q/Q Growth	-9.09%	-4.95%	-6.74%	-4.15%	-3.18%	3.42%	6.72%	52.27%	-2.13%	-1.42%	-8.17%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	18.27%	18.61%	19.04%	18.68%	20.81%	22.16%	16.38%	18.78%	19.57%	20.96%	19.35%
EBITDA Margin	8.97%	8.17%	7.99%	7.65%	5.06%	9.24%	4.69%	8.46%	10.25%	12.08%	7.11%
Operating Margin	5.11%	4.42%	2.98%	3.51%	5.11%	5.95%	0.70%	5.10%	6.82%	8.19%	2.80%
EBIT Margin	5.11%	4.42%	2.80%	3.39%	1.58%	5.66%	1.03%	5.44%	7.11%	8.36%	2.95%
Profit (Net Income) Margin	3.74%	3.14%	2.66%	1.01%	1.74%	4.50%	1.31%	4.80%	4.89%	5.75%	0.35%
Tax Burden Percent	76.88%	75.10%	101.68%	31.46%	126.79%	81.47%	186.85%	93.73%	83.40%	88.75%	39.51%
Interest Burden Percent	95.16%	94.59%	93.40%	94.34%	87.04%	97.65%	68.08%	94.04%	82.48%	77.49%	30.00%
Effective Tax Rate	23.12%	24.90%	-1.68%	68.54%	-26.79%	18.53%	-86.85%	6.27%	16.60%	11.25%	60.49%
Return on Invested Capital (ROIC)	9.08%	7.22%	6.25%	2.68%	16.33%	11.39%	2.59%	7.94%	8.43%	9.64%	1.44%
ROIC Less NNEP Spread (ROIC-NNEP)	1.02%	-2,513.39%	25.28%	7.32%	143.69%	15.67%	2.39%	8.03%	5.16%	3.50%	-1.61%
Return on Net Nonoperating Assets (RNNOA)	0.06%	-0.39%	-0.99%	-0.36%	-12.32%	-2.49%	-0.21%	2.59%	2.88%	1.72%	-0.77%
Return on Equity (ROE)	9.14%	6.83%	5.27%	2.32%	4.01%	8.90%	2.38%	10.53%	11.31%	11.36%	0.67%
Cash Return on Invested Capital (CROIC)	16.30%	6.82%	7.33%	1.43%	13.55%	4.12%	-21.27%	-46.04%	3.54%	2.93%	1.73%
Operating Return on Assets (OROA)	7.48%	6.02%	3.65%	5.04%	2.40%	7.90%	1.24%	6.17%	7.58%	8.06%	2.87%
Return on Assets (ROA)	5.47%	4.27%	3.47%	1.49%	2.64%	6.29%	1.58%	5.44%	5.21%	5.54%	0.34%
Return on Common Equity (ROCE)	9.14%	6.83%	5.27%	2.32%	4.01%	8.90%	2.37%	10.50%	11.27%	11.32%	0.67%
Return on Equity Simple (ROE_SIMPLE)	9.18%	6.66%	5.21%	2.31%	3.80%	8.27%	2.36%	10.06%	10.75%	10.81%	0.68%
Net Operating Profit after Tax (NOPAT)	44	34	29	13	78	57	15	72	100	121	19
NOPAT Margin	3.93%	3.32%	3.03%	1.11%	6.48%	4.85%	1.31%	4.78%	5.68%	7.27%	1.11%
Net Nonoperating Expense Percent (NNEP)	8.06%	2,520.61%	-19.03%	-4.64%	-127.36%	-4.28%	0.20%	-0.09%	3.27%	6.15%	3.05%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	8.11%	9.24%	1.42%
Cost of Revenue to Revenue	81.73%	81.39%	80.96%	81.32%	79.19%	77.84%	83.62%	81.22%	80.43%	79.04%	80.65%
SG&A Expenses to Revenue	12.11%	12.67%	13.31%	12.66%	12.71%	12.41%	11.39%	10.84%	9.64%	9.48%	8.64%
R&D to Revenue	1.14%	1.25%	1.32%	1.23%	1.26%	1.54%	1.72%	1.76%	1.65%	1.65%	1.72%
Operating Expenses to Revenue	13.16%	14.19%	16.06%	15.17%	15.70%	16.21%	15.68%	13.68%	12.76%	12.77%	16.55%
Earnings before Interest and Taxes (EBIT)	58	45	27	39	19	67	12	82	125	139	50
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	101	84	77	87	61	110	55	128	180	201	120
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.43	1.08	1.51	1.88	1.58	1.82	1.94	2.57	2.24	3.02	2.36
Price to Tangible Book Value (P/TBV)	1.85	1.37	1.89	2.36	1.92	2.10	2.80	7.55	5.36	6.21	4.14
Price to Revenue (P/Rev)	0.58	0.51	0.77	0.82	0.73	0.99	1.08	1.22	1.01	1.61	1.22
Price to Earnings (P/E)	15.57	16.26	29.05	81.35	41.70	22.04	81.97	25.53	20.70	27.94	348.49
Dividend Yield	1.27%	1.36%	1.00%	0.85%	0.96%	0.75%	0.73%	0.52%	0.71%	0.40%	0.54%
Earnings Yield	6.42%	6.15%	3.44%	1.23%	2.40%	4.54%	1.22%	3.92%	4.83%	3.58%	0.29%
Enterprise Value to Invested Capital (EV/IC)	1.42	1.08	1.54	1.92	1.67	2.02	1.93	1.98	1.81	2.38	1.91
Enterprise Value to Revenue (EV/Rev)	0.59	0.50	0.74	0.80	0.67	0.89	1.09	1.51	1.25	1.85	1.47
Enterprise Value to EBITDA (EV/EBITDA)	6.60	6.11	9.30	10.44	13.24	9.62	23.20	17.89	12.21	15.34	20.69
Enterprise Value to EBIT (EV/EBIT)	11.59	11.31	26.58	23.57	42.46	15.71	105.32	27.80	17.59	22.18	49.88
Enterprise Value to NOPAT (EV/NOPAT)	15.07	15.06	24.54	72.20	10.34	18.34	83.39	31.62	22.01	25.49	132.76
Enterprise Value to Operating Cash Flow (EV/OCF)	11.07	5.62	10.57	13.41	10.60	10.62	12.67	25.33	18.96	21.38	28.21
Enterprise Value to Free Cash Flow (EV/FCFF)	8.39	15.92	20.95	135.29	12.46	50.78	0.00	0.00	52.38	83.91	110.52
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.05	0.03	0.01	0.04	0.01	0.00	0.06	0.62	0.54	0.48	0.51
Long-Term Debt to Equity	0.05	0.01	0.01	0.04	0.00	0.00	0.06	0.60	0.51	0.44	0.47
Financial Leverage	0.06	0.00	-0.04	-0.05	-0.09	-0.16	-0.09	0.32	0.56	0.49	0.48
Leverage Ratio	1.67	1.60	1.52	1.55	1.52	1.42	1.50	1.94	2.17	2.05	1.97
Compound Leverage Factor	1.59	1.51	1.42	1.46	1.32	1.38	1.02	1.82	1.79	1.59	0.59
Debt to Total Capital	5.02%	2.67%	0.87%	3.82%	0.52%	0.33%	5.54%	38.43%	35.06%	32.50%	33.72%
Short-Term Debt to Total Capital	0.14%	1.81%	0.15%	0.15%	0.15%	0.13%	0.28%	1.31%	1.71%	2.94%	2.61%
Long-Term Debt to Total Capital	4.89%	0.86%	0.72%	3.67%	0.37%	0.19%	5.26%	37.12%	33.35%	29.56%	31.10%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	94.98%	97.33%	99.13%	96.18%	99.48%	99.67%	93.92%	61.57%	64.51%	67.50%	66.28%
Debt to EBITDA	0.24	0.16	0.06	0.23	0.05	0.02	0.70	3.52	2.40	2.12	3.69
Net Debt to EBITDA	0.11	-0.13	-0.35	-0.25	-1.11	-1.12	0.23	3.41	2.33	2.05	3.55
Long-Term Debt to EBITDA	0.23	0.05	0.05	0.22	0.03	0.01	0.66	3.40	2.28	1.93	3.40
Debt to NOPAT	0.55	0.39	0.15	1.56	0.04	0.04	2.51	6.22	4.33	3.52	23.69
Net Debt to NOPAT	0.25	-0.32	-0.92	-1.76	-0.87	-2.14	0.82	6.02	4.19	3.41	22.79
Long-Term Debt to NOPAT	0.53	0.13	0.12	1.50	0.03	0.02	2.38	6.01	4.11	3.20	21.85
Altman Z-Score	4.34	4.14	4.63	4.87	5.13	5.89	4.24	3.28	3.43	4.02	3.63
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.29%	0.27%	0.35%	0.31%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.72	3.59	3.82	3.23	3.14	4.39	3.66	3.07	2.89	2.78	3.19
Quick Ratio	1.21	1.26	1.46	1.30	1.44	2.28	1.52	1.12	0.96	0.81	0.93
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	80	32	34	6.72	65	21	-126	-419	42	37	22
Operating Cash Flow to CapEx	219.45%	174.91%	191.49%	252.46%	280.07%	409.89%	150.29%	88.45%	151.07%	131.41%	130.20%
Free Cash Flow to Firm to Interest Expense	28.53	13.12	19.22	3.08	26.30	13.15	-32.55	-85.49	1.92	1.17	0.64
Operating Cash Flow to Interest Expense	21.63	37.15	38.11	31.06	30.91	62.84	26.05	18.41	5.29	4.61	2.53
Operating Cash Flow Less CapEx to Interest Expense	11.77	15.91	18.21	18.75	19.87	47.51	8.72	-2.41	1.79	1.10	0.59
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.46	1.36	1.31	1.49	1.52	1.40	1.20	1.13	1.07	0.96	0.97
Accounts Receivable Turnover	9.98	9.76	9.79	10.14	9.49	8.31	7.32	7.95	8.19	8.16	8.72
Inventory Turnover	3.96	3.76	3.80	4.40	4.40	4.09	4.04	4.01	3.60	3.04	3.08
Fixed Asset Turnover	4.42	4.01	3.75	4.48	4.77	4.91	4.34	4.20	4.10	3.46	3.29
Accounts Payable Turnover	25.30	24.50	24.36	22.71	19.38	19.88	19.90	17.29	14.56	11.27	11.74
Days Sales Outstanding (DSO)	36.57	37.38	37.29	36.01	38.46	43.92	49.83	45.94	44.56	44.71	41.87
Days Inventory Outstanding (DIO)	92.18	97.15	95.98	82.96	83.04	89.22	90.36	91.02	101.27	119.90	118.59
Days Payable Outstanding (DPO)	14.42	14.90	14.98	16.07	18.83	18.36	18.34	21.11	25.07	32.39	31.10
Cash Conversion Cycle (CCC)	114.33	119.64	118.29	102.90	102.68	114.79	121.86	115.85	120.76	132.22	129.36
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	470	472	467	473	486	523	664	1,156	1,214	1,298	1,294
Invested Capital Turnover	2.31	2.18	2.06	2.42	2.52	2.35	1.98	1.66	1.48	1.33	1.30
Increase / (Decrease) in Invested Capital	-35	1.85	-5.02	5.87	13	37	142	491	58	84	-3.76
Enterprise Value (EV)	667	512	721	909	810	1,054	1,280	2,286	2,199	3,087	2,477
Market Capitalization	656	523	748	932	878	1,177	1,267	1,850	1,780	2,674	2,052
Book Value per Share	$22.77	$24.15	$24.78	$24.70	$27.36	$31.65	$32.07	$35.25	$38.71	$42.88	$41.87
Tangible Book Value per Share	$17.55	$19.14	$19.87	$19.68	$22.56	$27.46	$22.25	$11.99	$16.17	$20.86	$23.89
Total Capital	483	496	498	515	557	648	694	1,170	1,232	1,311	1,311
Total Debt	24	13	4.34	20	2.89	2.13	38	450	432	426	442
Total Long-Term Debt	24	4.28	3.61	19	2.07	1.26	37	434	411	388	408
Net Debt	11	-11	-27	-22	-68	-123	13	435	419	413	425
Capital Expenditures (CapEx)	27	52	36	27	27	24	67	102	77	110	67
Debt-free, Cash-free Net Working Capital (DFCFNWC)	270	234	224	243	230	291	313	424	459	480	515
Debt-free Net Working Capital (DFNWC)	283	259	256	285	300	416	339	438	473	493	532
Net Working Capital (NWC)	283	250	255	284	300	415	337	423	451	454	497
Net Nonoperating Expense (NNE)	2.14	1.84	3.62	1.14	57	4.08	-0.11	-0.20	14	25	13
Net Nonoperating Obligations (NNO)	11	-11	-27	-22	-68	-123	8.85	435	414	413	425
Total Depreciation and Amortization (D&A)	44	38	50	49	42	42	43	46	55	62	70
Debt-free, Cash-free Net Working Capital to Revenue	23.97%	22.86%	23.13%	21.31%	19.02%	24.56%	26.62%	28.04%	26.15%	28.81%	30.57%
Debt-free Net Working Capital to Revenue	25.14%	25.22%	26.38%	24.98%	24.87%	35.11%	28.82%	29.00%	26.90%	29.61%	31.56%
Net Working Capital to Revenue	25.08%	24.35%	26.30%	24.91%	24.80%	35.03%	28.66%	27.98%	25.69%	27.29%	29.53%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.04	$1.60	$1.29	$0.57	$1.03	$2.49	$0.76	$3.55	$4.19	$4.64	$0.28
Adjusted Weighted Average Basic Shares Outstanding	20.46M	20.10M	19.98M	20.03M	20.21M	20.37M	20.34M	20.42M	20.51M	20.62M	20.73M
Adjusted Diluted Earnings per Share	$2.00	$1.58	$1.27	$0.56	$1.01	$2.45	$0.75	$3.50	$4.14	$4.58	$0.28
Adjusted Weighted Average Diluted Shares Outstanding	20.81M	20.40M	20.21M	20.42M	20.61M	20.66M	20.60M	20.69M	20.76M	20.91M	20.93M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	20.10M	20.01M	19.95M	20.12M	20.24M	20.41M	20.33M	20.45M	20.54M	20.65M	20.77M
Normalized Net Operating Profit after Tax (NOPAT)	44	34	22	28	47	70	21	72	101	124	94
Normalized NOPAT Margin	3.93%	3.32%	2.27%	2.50%	3.90%	5.87%	1.78%	4.76%	5.76%	7.48%	5.55%
Pre Tax Income Margin	4.86%	4.18%	2.61%	3.19%	1.37%	5.53%	0.70%	5.12%	5.87%	6.48%	0.88%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	20.66	18.48	15.15	17.67	7.72	42.50	3.13	16.78	5.71	4.44	1.43
NOPAT to Interest Expense	15.89	13.88	16.41	5.77	31.68	36.40	3.96	14.75	4.56	3.87	0.54
EBIT Less CapEx to Interest Expense	10.81	-2.76	-4.75	5.37	-3.32	27.17	-14.20	-4.04	2.20	0.93	-0.51
NOPAT Less CapEx to Interest Expense	6.03	-7.36	-3.49	-6.53	20.65	21.07	-13.38	-6.07	1.06	0.36	-1.40
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	16.29%	22.18%	29.12%	69.10%	39.86%	16.59%	59.87%	13.38%	11.82%	11.10%	188.30%
Augmented Payout Ratio	69.18%	44.35%	43.88%	78.59%	41.87%	16.96%	103.63%	13.38%	11.82%	11.10%	188.30%

This table displays calculated financial ratios and metrics derived from Materion's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/29/2023	12/31/2023	3/29/2024	6/28/2024	9/27/2024	12/31/2024	3/28/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.35%	9.40%	-1.45%	-10.50%	-5.87%	-3.11%	-12.93%	6.85%	8.35%	3.76%	9.10%
EBITDA Growth	21.98%	89.09%	54.32%	14.43%	19.93%	-23.42%	-25.72%	-6.07%	-3.40%	-147.89%	13.52%
EBIT Growth	34.91%	143.73%	81.32%	9.21%	22.90%	-31.08%	-39.23%	-9.34%	-14.26%	-234.10%	21.71%
NOPAT Growth	33.72%	59.14%	94.25%	14.47%	38.00%	-19.23%	-34.84%	-14.71%	-8.03%	-198.31%	12.56%
Net Income Growth	9.89%	46.14%	82.52%	3.56%	33.14%	-32.32%	-47.60%	-20.95%	-16.07%	-350.93%	31.99%
EPS Growth	9.09%	46.81%	80.88%	2.68%	32.29%	-32.61%	-47.97%	-20.87%	-15.75%	-351.61%	32.81%
Operating Cash Flow Growth	460.56%	64.42%	366.39%	-9.24%	9.34%	-26.72%	-136.23%	-37.43%	-63.62%	27.28%	212.29%
Free Cash Flow Firm Growth	-285.64%	94.87%	99.45%	94.37%	90.45%	-136.56%	-3,260.89%	-195.64%	-43.16%	59.50%	156.11%
Invested Capital Growth	63.38%	5.01%	2.82%	4.65%	6.17%	6.95%	9.04%	8.18%	7.05%	-0.29%	-2.11%
Revenue Q/Q Growth	-3.84%	1.49%	1.83%	-9.94%	1.13%	4.46%	-8.49%	10.53%	2.55%	0.04%	-3.79%
EBITDA Q/Q Growth	-4.83%	26.09%	-4.03%	-0.63%	-0.26%	-19.49%	-6.91%	25.66%	2.58%	-139.91%	320.68%
EBIT Q/Q Growth	-8.34%	35.21%	-7.96%	-4.25%	3.15%	-24.18%	-18.85%	42.85%	-2.45%	-218.58%	173.65%
NOPAT Q/Q Growth	-8.97%	41.98%	-7.31%	-4.44%	9.74%	-16.89%	-25.23%	25.08%	18.33%	-188.83%	185.61%
Net Income Q/Q Growth	-14.20%	44.17%	-11.04%	-5.89%	10.31%	-26.71%	-31.12%	41.96%	17.11%	-319.12%	136.23%
EPS Q/Q Growth	-14.29%	43.75%	-10.87%	-6.50%	10.43%	-26.77%	-31.18%	42.19%	17.58%	-318.69%	136.32%
Operating Cash Flow Q/Q Growth	-64.20%	539.25%	-53.39%	-14.93%	-56.87%	328.44%	-123.04%	246.92%	-74.92%	1,398.98%	-79.67%
Free Cash Flow Firm Q/Q Growth	3.03%	94.73%	88.67%	-872.35%	-64.62%	-30.49%	-60.91%	14.47%	20.28%	63.08%	322.92%
Invested Capital Q/Q Growth	2.12%	-2.13%	2.17%	2.48%	3.60%	-1.42%	4.17%	1.67%	2.52%	-8.17%	2.27%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	19.32%	22.65%	20.64%	22.34%	22.06%	18.93%	18.48%	18.99%	18.53%	21.28%	18.12%
EBITDA Margin	10.27%	12.75%	12.02%	13.26%	13.08%	10.08%	10.25%	11.66%	11.66%	-4.65%	10.67%
Operating Margin	6.80%	9.02%	8.35%	8.87%	9.06%	6.56%	5.77%	7.53%	7.16%	-8.78%	6.47%
EBIT Margin	7.07%	9.42%	8.51%	9.05%	9.23%	6.70%	5.94%	7.68%	7.30%	-8.66%	6.63%
Profit (Net Income) Margin	4.66%	6.62%	5.78%	6.04%	6.59%	4.62%	3.48%	4.47%	5.10%	-11.18%	4.21%
Tax Burden Percent	81.82%	86.25%	84.82%	84.71%	89.97%	98.79%	91.76%	79.65%	96.67%	104.67%	84.50%
Interest Burden Percent	80.55%	81.48%	80.08%	78.82%	79.36%	69.86%	63.83%	73.08%	72.29%	123.38%	75.17%
Effective Tax Rate	18.18%	13.75%	15.18%	15.29%	10.03%	1.21%	8.24%	20.35%	3.33%	0.00%	15.50%
Return on Invested Capital (ROIC)	9.57%	11.54%	10.14%	10.30%	10.70%	8.60%	6.57%	7.41%	8.47%	-7.99%	7.03%
ROIC Less NNEP Spread (ROIC-NNEP)	8.13%	10.35%	8.85%	8.98%	9.33%	6.70%	4.98%	5.95%	6.75%	-13.24%	5.85%
Return on Net Nonoperating Assets (RNNOA)	2.97%	5.78%	5.09%	5.00%	5.23%	3.29%	2.56%	3.03%	3.45%	-6.33%	2.96%
Return on Equity (ROE)	12.54%	17.32%	15.22%	15.30%	15.93%	11.89%	9.14%	10.44%	11.92%	-14.31%	9.98%
Cash Return on Invested Capital (CROIC)	-39.34%	3.54%	6.62%	5.02%	4.02%	2.93%	-0.15%	0.15%	0.78%	1.73%	4.00%
Operating Return on Assets (OROA)	8.43%	10.03%	8.80%	8.96%	8.98%	6.46%	5.42%	7.09%	6.76%	-8.43%	6.41%
Return on Assets (ROA)	5.56%	7.05%	5.98%	5.98%	6.41%	4.46%	3.18%	4.13%	4.73%	-10.89%	4.07%
Return on Common Equity (ROCE)	12.54%	17.26%	15.22%	15.30%	15.93%	11.85%	9.14%	10.44%	11.92%	-14.31%	9.98%
Return on Equity Simple (ROE_SIMPLE)	10.03%	0.00%	11.87%	11.61%	12.04%	0.00%	9.39%	8.65%	7.96%	0.00%	1.15%
Net Operating Profit after Tax (NOPAT)	24	34	31	30	33	27	20	26	30	-27	23
NOPAT Margin	5.56%	7.78%	7.08%	7.51%	8.15%	6.49%	5.30%	6.00%	6.92%	-6.14%	5.47%
Net Nonoperating Expense Percent (NNEP)	1.44%	1.19%	1.29%	1.32%	1.37%	1.90%	1.59%	1.46%	1.72%	5.25%	1.18%
Return On Investment Capital (ROIC_SIMPLE)	-	2.74%	-	-	-	2.08%	-	-	-	-2.05%	1.72%
Cost of Revenue to Revenue	80.68%	77.35%	79.36%	77.66%	77.94%	81.07%	81.52%	81.01%	81.47%	78.72%	81.88%
SG&A Expenses to Revenue	9.10%	10.74%	9.11%	9.76%	9.63%	9.47%	9.30%	7.89%	8.02%	9.42%	8.43%
R&D to Revenue	1.74%	1.58%	1.72%	1.80%	1.57%	1.53%	1.85%	1.81%	1.80%	1.45%	1.55%
Operating Expenses to Revenue	12.53%	13.63%	12.29%	13.48%	13.00%	12.37%	12.71%	11.46%	11.38%	30.06%	11.65%
Earnings before Interest and Taxes (EBIT)	30	41	38	36	37	28	23	33	32	-38	28
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	44	55	53	53	53	42	40	50	51	-20	45
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.12	2.24	2.88	2.76	2.40	3.02	3.05	2.47	2.50	2.36	1.95
Price to Tangible Book Value (P/TBV)	5.37	5.36	6.55	6.02	5.01	6.21	6.15	4.85	4.80	4.14	3.35
Price to Revenue (P/Rev)	0.95	1.01	1.35	1.37	1.25	1.61	1.69	1.37	1.40	1.22	1.01
Price to Earnings (P/E)	21.14	20.70	24.26	23.79	19.94	27.94	32.48	28.53	31.43	348.49	170.19
Dividend Yield	0.77%	0.71%	0.43%	0.44%	0.50%	0.40%	0.40%	0.49%	0.47%	0.54%	0.65%
Earnings Yield	4.73%	4.83%	4.12%	4.20%	5.01%	3.58%	3.08%	3.51%	3.18%	0.29%	0.59%
Enterprise Value to Invested Capital (EV/IC)	1.69	1.81	2.25	2.17	1.93	2.38	2.35	1.97	1.99	1.91	1.64
Enterprise Value to Revenue (EV/Rev)	1.22	1.25	1.59	1.62	1.51	1.85	1.97	1.66	1.68	1.47	1.26
Enterprise Value to EBITDA (EV/EBITDA)	13.64	12.21	14.01	13.45	11.85	15.34	16.93	14.69	15.40	20.69	17.33
Enterprise Value to EBIT (EV/EBIT)	20.81	17.59	19.62	19.07	16.71	22.18	25.53	22.37	24.29	49.88	39.68
Enterprise Value to NOPAT (EV/NOPAT)	23.90	22.01	24.20	23.25	19.84	25.49	28.81	25.54	27.19	132.76	86.69
Enterprise Value to Operating Cash Flow (EV/OCF)	25.02	18.96	16.54	16.74	15.27	21.38	34.33	33.68	39.32	28.21	18.51
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	52.38	34.37	44.28	49.40	83.91	0.00	1,376.59	265.12	110.52	40.53
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.64	0.54	0.53	0.52	0.53	0.48	0.53	0.53	0.53	0.51	0.51
Long-Term Debt to Equity	0.62	0.51	0.49	0.49	0.48	0.44	0.48	0.49	0.49	0.47	0.45
Financial Leverage	0.37	0.56	0.58	0.56	0.56	0.49	0.51	0.51	0.51	0.48	0.51
Leverage Ratio	1.97	2.17	2.18	2.16	2.11	2.05	2.06	2.02	2.00	1.97	2.00
Compound Leverage Factor	1.59	1.77	1.75	1.70	1.67	1.43	1.31	1.48	1.45	2.43	1.50
Debt to Total Capital	39.19%	35.06%	34.51%	34.20%	34.58%	32.50%	34.81%	34.83%	34.70%	33.72%	33.70%
Short-Term Debt to Total Capital	1.57%	1.71%	2.21%	2.13%	2.90%	2.94%	3.41%	2.79%	2.63%	2.61%	3.93%
Long-Term Debt to Total Capital	37.62%	33.35%	32.30%	32.06%	31.69%	29.56%	31.40%	32.04%	32.07%	31.10%	29.77%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	60.81%	64.51%	65.49%	65.80%	65.42%	67.50%	65.19%	65.17%	65.30%	66.28%	66.30%
Debt to EBITDA	3.21	2.40	2.18	2.14	2.15	2.12	2.53	2.63	2.71	3.69	3.61
Net Debt to EBITDA	3.08	2.33	2.10	2.06	2.08	2.05	2.46	2.54	2.62	3.55	3.48
Long-Term Debt to EBITDA	3.08	2.28	2.04	2.01	1.97	1.93	2.29	2.42	2.51	3.40	3.19
Debt to NOPAT	5.62	4.33	3.76	3.70	3.60	3.52	4.31	4.58	4.79	23.69	18.05
Net Debt to NOPAT	5.39	4.19	3.63	3.56	3.48	3.41	4.19	4.41	4.62	22.79	17.42
Long-Term Debt to NOPAT	5.40	4.11	3.52	3.47	3.30	3.20	3.89	4.21	4.43	21.85	15.95
Altman Z-Score	3.08	3.27	3.64	3.60	3.47	3.81	3.70	3.49	3.50	3.46	3.26
Noncontrolling Interest Sharing Ratio	0.00%	0.35%	0.00%	0.00%	0.00%	0.31%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.51	2.89	2.85	2.99	3.27	2.78	2.91	3.25	3.15	3.19	2.84
Quick Ratio	1.28	0.96	0.91	0.88	0.93	0.81	0.79	0.89	0.92	0.93	0.88
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-457	-24	-2.73	-27	-44	-57	-92	-78	-63	-23	51
Operating Cash Flow to CapEx	81.03%	350.14%	127.86%	98.61%	63.11%	239.04%	-65.84%	74.31%	266.47%	441.36%	128.59%
Free Cash Flow to Firm to Interest Expense	-77.65	-3.18	-0.36	-3.47	-5.69	-6.70	-11.08	-8.91	-7.08	-2.61	7.44
Operating Cash Flow to Interest Expense	2.17	10.78	5.08	4.24	1.82	7.05	-1.67	2.30	0.58	8.62	2.24
Operating Cash Flow Less CapEx to Interest Expense	-0.51	7.70	1.11	-0.06	-1.06	4.10	-4.20	-0.80	0.36	6.67	0.50
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.19	1.07	1.03	0.99	0.97	0.96	0.91	0.92	0.93	0.97	0.97
Accounts Receivable Turnover	8.01	8.19	7.86	8.29	7.90	8.16	8.12	8.76	8.33	8.72	8.44
Inventory Turnover	3.83	3.60	3.39	3.06	3.01	3.04	2.84	2.86	2.92	3.08	3.06
Fixed Asset Turnover	4.41	4.10	3.95	3.71	3.64	3.46	3.24	3.20	3.26	3.29	3.29
Accounts Payable Turnover	16.68	14.56	12.08	11.30	13.83	11.27	9.79	10.90	12.14	11.74	10.23
Days Sales Outstanding (DSO)	45.59	44.56	46.47	44.02	46.22	44.71	44.98	41.67	43.82	41.87	43.25
Days Inventory Outstanding (DIO)	95.34	101.27	107.80	119.34	121.44	119.90	128.57	127.49	124.97	118.59	119.10
Days Payable Outstanding (DPO)	21.89	25.07	30.22	32.30	26.39	32.39	37.30	33.48	30.06	31.10	35.66
Cash Conversion Cycle (CCC)	119.04	120.76	124.05	131.06	141.27	132.22	136.25	135.69	138.73	129.36	126.69
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,240	1,214	1,240	1,271	1,317	1,298	1,352	1,375	1,409	1,294	1,324
Invested Capital Turnover	1.72	1.48	1.43	1.37	1.31	1.33	1.24	1.24	1.22	1.30	1.29
Increase / (Decrease) in Invested Capital	481	58	34	56	77	84	112	104	93	-3.76	-28
Enterprise Value (EV)	2,100	2,199	2,785	2,764	2,538	3,087	3,175	2,707	2,810	2,477	2,168
Market Capitalization	1,626	1,780	2,367	2,340	2,094	2,674	2,713	2,239	2,333	2,052	1,732
Book Value per Share	$37.36	$38.71	$40.01	$41.11	$42.25	$42.88	$43.04	$43.76	$44.92	$41.87	$42.76
Tangible Book Value per Share	$14.76	$16.17	$17.59	$18.87	$20.25	$20.86	$21.32	$22.25	$23.45	$23.89	$24.89
Total Capital	1,261	1,232	1,255	1,287	1,333	1,311	1,365	1,392	1,427	1,311	1,339
Total Debt	494	432	433	440	461	426	475	485	495	442	451
Total Long-Term Debt	474	411	405	413	422	388	429	446	458	408	399
Net Debt	473	419	418	424	445	413	462	468	477	425	436
Capital Expenditures (CapEx)	16	23	30	33	22	25	21	27	1.91	17	12
Debt-free, Cash-free Net Working Capital (DFCFNWC)	506	459	467	475	515	480	519	533	562	515	529
Debt-free Net Working Capital (DFNWC)	527	473	482	492	531	493	532	550	580	532	545
Net Working Capital (NWC)	507	451	454	465	492	454	485	512	543	497	492
Net Nonoperating Expense (NNE)	3.86	5.04	5.74	5.86	6.29	7.84	7.01	6.50	7.92	22	5.28
Net Nonoperating Obligations (NNO)	473	414	418	424	445	413	462	468	477	425	436
Total Depreciation and Amortization (D&A)	14	14	16	17	16	14	17	17	19	18	17
Debt-free, Cash-free Net Working Capital to Revenue	29.45%	26.15%	26.65%	27.91%	30.66%	28.81%	32.25%	32.61%	33.69%	30.57%	30.76%
Debt-free Net Working Capital to Revenue	30.65%	26.90%	27.52%	28.88%	31.63%	29.61%	33.06%	33.66%	34.76%	31.56%	31.66%
Net Working Capital to Revenue	29.50%	25.69%	25.94%	27.27%	29.33%	27.29%	30.17%	31.29%	32.51%	29.53%	28.61%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.97	$1.40	$1.24	$1.17	$1.29	$0.94	$0.65	$0.92	$1.07	($2.36)	$0.85
Adjusted Weighted Average Basic Shares Outstanding	20.53M	20.51M	20.57M	20.63M	20.64M	20.62M	20.68M	20.74M	20.75M	20.73M	20.78M
Adjusted Diluted Earnings per Share	$0.96	$1.38	$1.23	$1.15	$1.27	$0.93	$0.64	$0.91	$1.07	($2.34)	$0.85
Adjusted Weighted Average Diluted Shares Outstanding	20.78M	20.76M	20.89M	20.90M	20.91M	20.91M	20.97M	20.91M	20.92M	20.93M	20.91M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	20.53M	20.54M	20.61M	20.64M	20.64M	20.65M	20.73M	20.75M	20.75M	20.77M	20.81M
Normalized Net Operating Profit after Tax (NOPAT)	24	34	32	31	34	28	22	28	32	-26	25
Normalized NOPAT Margin	5.65%	7.78%	7.21%	7.82%	8.39%	6.63%	5.68%	6.57%	7.25%	-6.03%	5.88%
Pre Tax Income Margin	5.69%	7.67%	6.82%	7.13%	7.33%	4.68%	3.79%	5.61%	5.28%	-10.68%	4.98%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.14	5.40	5.02	4.72	4.85	3.32	2.77	3.72	3.61	-4.28	4.03
NOPAT to Interest Expense	4.04	4.46	4.18	3.92	4.28	3.21	2.47	2.90	3.42	-3.04	3.32
EBIT Less CapEx to Interest Expense	2.46	2.32	1.05	0.42	1.96	0.37	0.23	0.61	3.39	-6.23	2.29
NOPAT Less CapEx to Interest Expense	1.36	1.38	0.20	-0.38	1.39	0.26	-0.07	-0.20	3.20	-4.99	1.58
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	13.05%	11.82%	10.47%	10.47%	10.01%	11.10%	12.86%	13.84%	14.80%	188.30%	110.03%
Augmented Payout Ratio	13.05%	11.82%	10.47%	10.47%	10.01%	11.10%	12.86%	13.84%	14.80%	188.30%	110.03%

Frequently Asked Questions About Materion's Financials

When does Materion's financial year end?

According to the most recent income statement we have on file, Materion's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Materion's net income changed over the last 10 years?

Materion's net income appears to be on an upward trend, with a most recent value of $5.89 million in 2024, falling from $42.13 million in 2014. The previous period was $95.70 million in 2023. See where experts think Materion is headed by visiting Materion's forecast page.

What is Materion's operating income?

Materion's total operating income in 2024 was $47.22 million, based on the following breakdown:

Total Gross Profit: $325.99 million
Total Operating Expenses: $278.76 million

How has Materion revenue changed over the last 10 years?

Over the last 10 years, Materion's total revenue changed from $1.13 billion in 2014 to $1.68 billion in 2024, a change of 49.5%.

How much debt does Materion have?

Materion's total liabilities were at $828.75 million at the end of 2024, a 5.6% decrease from 2023, and a 173.2% increase since 2014.

How much cash does Materion have?

In the past 10 years, Materion's cash and equivalents has ranged from $13.10 million in 2022 to $125.01 million in 2019, and is currently $16.71 million as of their latest financial filing in 2024.

How has Materion's book value per share changed over the last 10 years?

Over the last 10 years, Materion's book value per share changed from 22.77 in 2014 to 41.87 in 2024, a change of 83.8%.

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This page (NYSE:MTRN) was last updated on 6/12/2025 by MarketBeat.com Staff

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Materion (MTRN) Financials

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Materion (MTRN) Financials

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