Materion (MTRN) Financials

$215.47 +5.35 (+2.55%)

Closing price 03:59 PM Eastern

Extended Trading

$215.10 -0.38 (-0.17%)

As of 05:36 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	32	26	11	21	53	15	72	86	96	5.89	75
Consolidated Net Income / (Loss)	32	26	11	21	53	15	72	86	96	5.89	75
Net Income / (Loss) Continuing Operations	32	26	11	21	53	15	72	86	96	5.89	75
Total Pre-Tax Income	43	25	36	17	66	8.28	77	103	108	15	82
Total Operating Income	45	29	40	62	71	8.22	77	120	136	47	110
Total Gross Profit	191	185	213	251	263	193	284	344	349	326	309
Total Revenue	1,025	969	1,139	1,208	1,185	1,176	1,511	1,757	1,665	1,685	1,787
Operating Revenue	1,025	969	1,139	1,208	1,185	1,176	1,511	1,757	1,665	1,685	1,787
Total Cost of Revenue	834	785	927	956	923	984	1,227	1,413	1,316	1,359	1,478
Operating Cost of Revenue	834	785	927	956	923	984	1,227	1,413	1,316	1,359	1,478
Total Operating Expenses	146	156	173	190	192	184	207	224	213	279	199
Selling, General & Admin Expense	130	129	144	153	147	134	164	169	158	146	143
Research & Development Expense	13	13	14	15	18	20	27	29	28	29	26
Other Operating Expenses / (Income)	2.78	11	14	15	12	8.46	17	24	23	18	27
Impairment Charge	-	-	0.00	0.00	14	10	-	0.00	0.00	73	0.00
Restructuring Charge	-	2.59	0.64	5.60	0.79	11	-0.44	1.57	3.82	6.85	3.16
Other Special Charges / (Income)	-	-	-	-	-	-	-	0.00	0.00	6.41	0.00
Total Other Income / (Expense), net	-2.45	-3.57	-3.64	-45	-5.01	0.06	0.21	-17	-29	-32	-28
Interest Expense	2.45	1.79	2.18	2.47	1.58	3.88	4.90	22	31	35	31
Other Income / (Expense), net	-	-1.78	-1.45	-43	-3.43	3.94	5.12	5.25	2.71	2.44	2.44
Income Tax Expense	11	-0.43	25	-4.45	12	-7.19	4.85	17	12	9.01	6.72
Basic Earnings per Share	$1.60	$1.29	$0.57	$1.04	$2.62	$0.76	$3.55	$4.19	$4.64	$0.28	$3.61
Weighted Average Basic Shares Outstanding	20.10M	19.98M	20.03M	20.21M	20.37M	20.34M	20.42M	20.51M	20.62M	20.73M	20.76M
Diluted Earnings per Share	$1.58	$1.27	$0.56	$1.02	$2.59	$0.75	$3.50	$4.14	$4.58	$0.28	$3.58
Weighted Average Diluted Shares Outstanding	20.40M	20.21M	20.42M	20.61M	20.66M	20.60M	20.69M	20.76M	20.91M	20.93M	20.91M
Weighted Average Basic & Diluted Shares Outstanding	20.10M	20M	20.10M	20.20M	20.41M	20.33M	20.45M	20.54M	20.65M	20.77M	20.74M
Cash Dividends to Common per Share	$0.36	$0.38	$0.40	$0.42	$0.44	$0.46	$0.48	$0.50	$0.52	$0.54	$0.56

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/29/2023	12/31/2023	3/29/2024	6/28/2024	9/27/2024	12/31/2024	3/28/2025	6/27/2025	9/26/2025	12/31/2025	4/3/2026
Net Income / (Loss) Attributable to Common Shareholders	27	19	13	19	22	-49	18	25	25	6.57	19
Consolidated Net Income / (Loss)	27	19	13	19	22	-49	18	25	25	6.57	19
Net Income / (Loss) Continuing Operations	27	19	13	19	22	-49	18	25	25	6.57	19
Total Pre-Tax Income	30	20	15	24	23	-47	21	29	28	3.33	21
Total Operating Income	37	28	22	32	31	-38	27	37	35	11	28
Total Gross Profit	89	80	71	81	81	93	76	83	86	64	82
Total Revenue	403	421	385	426	437	437	420	432	445	490	550
Operating Revenue	403	421	385	426	437	437	420	432	445	490	550
Total Cost of Revenue	314	341	314	345	356	344	344	349	359	426	468
Operating Cost of Revenue	314	341	314	345	356	344	344	349	359	426	468
Total Operating Expenses	52	52	49	49	50	131	49	46	51	53	54
Selling, General & Admin Expense	39	40	36	34	35	41	35	35	38	34	36
Research & Development Expense	6.32	6.44	7.14	7.70	7.87	6.32	6.51	6.41	6.55	6.48	6.16
Other Operating Expenses / (Income)	6.21	5.15	4.36	4.45	5.31	3.57	5.00	3.91	6.16	12	9.01
Restructuring Charge	1.08	0.63	1.62	3.05	1.49	0.69	2.04	0.48	0.21	0.43	2.30
Total Other Income / (Expense), net	-6.99	-7.93	-7.64	-8.16	-8.20	-8.33	-6.25	-7.66	-6.83	-7.51	-7.27
Interest Expense	7.68	8.50	8.28	8.80	8.84	8.84	6.92	8.23	7.54	8.00	7.58
Other Income / (Expense), net	0.69	0.57	0.64	0.64	0.64	0.52	0.67	0.57	0.71	0.49	0.31
Income Tax Expense	2.96	0.24	1.20	4.86	0.77	2.18	3.25	4.02	2.70	-3.24	1.53
Basic Earnings per Share	$1.29	$0.94	$0.65	$0.92	$1.07	($2.36)	$0.85	$1.21	$1.23	$0.32	$0.93
Weighted Average Basic Shares Outstanding	20.64M	20.62M	20.68M	20.74M	20.75M	20.73M	20.78M	20.78M	20.73M	20.76M	20.76M
Diluted Earnings per Share	$1.27	$0.93	$0.64	$0.91	$1.07	($2.34)	$0.85	$1.21	$1.22	$0.30	$0.92
Weighted Average Diluted Shares Outstanding	20.91M	20.91M	20.97M	20.91M	20.92M	20.93M	20.91M	20.83M	20.88M	20.91M	21.01M
Weighted Average Basic & Diluted Shares Outstanding	20.64M	20.65M	20.73M	20.75M	20.75M	20.77M	20.81M	20.73M	20.73M	20.74M	20.80M
Cash Dividends to Common per Share	$0.13	-	$0.13	$0.14	$0.14	-	$0.14	$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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Net Change in Cash & Equivalents	11	7.23	10	29	54	-99	-11	-1.36	0.19	3.42	-3.03
Net Cash From Operating Activities	91	68	68	76	99	101	90	116	144	88	103
Net Cash From Continuing Operating Activities	91	68	68	76	99	101	90	116	144	88	103
Net Income / (Loss) Continuing Operations	32	26	11	21	53	15	72	86	96	5.89	75
Consolidated Net Income / (Loss)	32	26	11	21	53	15	72	86	96	5.89	75
Depreciation Expense	38	46	43	36	41	42	44	53	62	69	69
Amortization Expense	0.65	4.73	5.78	6.56	1.35	0.64	1.40	1.59	0.39	1.41	1.73
Non-Cash Adjustments To Reconcile Net Income	6.26	2.65	5.19	47	25	17	6.24	8.28	10	91	11
Changes in Operating Assets and Liabilities, net	14	-11	2.62	-34	-22	26	-34	-33	-24	-80	-54
Net Cash From Investing Activities	-52	-37	-43	-34	-26	-195	-494	-80	-119	-80	-98
Net Cash From Continuing Investing Activities	-52	-37	-43	-34	-26	-195	-494	-80	-119	-80	-98
Purchase of Property, Plant & Equipment	-52	-37	-29	-28	-24	-67	-103	-78	-111	-69	-53
Acquisitions	0.00	-1.75	-17	0.00	0.00	-131	-392	-2.97	0.00	0.00	-20
Sale of Property, Plant & Equipment	0.06	1.43	2.22	0.43	0.04	0.03	0.88	0.85	0.65	1.20	0.93
Other Investing Activities, net	-	-	-	-6.56	-2.28	-	0.00	0.00	-9.33	-12	-26
Net Cash From Financing Activities	-27	-23	-15	-14	-18	-7.09	393	-36	-25	-4.19	-9.82
Net Cash From Continuing Financing Activities	-27	-23	-15	-14	-18	-7.09	393	-36	-25	-4.19	-9.82
Repayment of Debt	-90	-21	-57	-1.64	-2.95	-21	-9.46	-19	-15	-30	-21
Repurchase of Common Equity	-7.13	-3.80	-1.09	-0.42	-0.20	-6.77	-	-	0.00	0.00	-7.84
Payment of Dividends	-7.13	-7.50	-7.91	-8.39	-8.86	-9.26	-9.70	-10	-11	-11	-12
Issuance of Debt	78	10	55	0.00	0.00	34	418	0.23	8.07	46	34
Other Financing Activities, net	-0.37	-1.09	-4.51	-3.16	-6.05	-4.43	-6.14	-6.33	-6.88	-8.29	-3.25
Effect of Exchange Rate Changes	-1.02	-0.48	1.39	-0.14	-0.32	1.61	-0.39	-2.03	-0.15	-0.61	1.68

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/29/2023	12/31/2023	3/29/2024	6/28/2024	9/27/2024	12/31/2024	3/28/2025	6/27/2025	9/26/2025	12/31/2025	4/3/2026
Net Change in Cash & Equivalents	-0.17	-3.11	-0.19	3.99	0.78	-1.16	-1.08	-3.04	3.82	-2.73	2.51
Net Cash From Operating Activities	14	60	-14	20	5.09	76	16	50	18	20	-4.31
Net Cash From Continuing Operating Activities	14	60	-14	20	5.09	76	16	50	18	20	-4.31
Net Income / (Loss) Continuing Operations	27	19	13	19	22	-49	18	25	25	6.57	19
Consolidated Net Income / (Loss)	27	19	13	19	22	-49	18	25	25	6.57	19
Depreciation Expense	15	15	16	17	19	17	17	18	18	18	18
Amortization Expense	0.43	-0.89	0.43	0.43	0.43	0.12	0.45	0.96	0.24	0.09	0.24
Non-Cash Adjustments To Reconcile Net Income	2.54	2.68	2.50	2.84	2.38	84	2.99	2.45	3.08	2.92	3.37
Changes in Operating Assets and Liabilities, net	-31	24	-46	-19	-39	24	-22	3.88	-28	-7.58	-46
Net Cash From Investing Activities	-31	-25	-26	-22	-12	-19	-21	-14	-42	-21	-15
Net Cash From Continuing Investing Activities	-31	-25	-26	-22	-12	-19	-21	-14	-42	-21	-15
Purchase of Property, Plant & Equipment	-22	-25	-21	-27	-1.94	-18	-12	-23	-24	5.41	-15
Sale of Property, Plant & Equipment	0.01	0.24	0.35	0.18	0.03	0.64	0.27	-	0.67	-	0.00
Other Investing Activities, net	-	-	-5.33	-	-	-1.78	-8.68	-	-	-	-0.06
Net Cash From Financing Activities	18	-39	40	5.90	6.73	-57	3.48	-40	28	-1.40	22
Net Cash From Continuing Financing Activities	18	-39	40	5.90	6.73	-57	3.48	-40	28	-1.40	22
Repayment of Debt	-3.84	-3.84	-7.59	-7.59	-7.52	-7.80	-7.52	-10	-1.58	-1.57	-1.57
Payment of Dividends	-2.68	-2.68	-2.69	-2.80	-2.80	-2.79	-2.80	-2.90	-2.90	-2.90	-2.91
Issuance of Debt	24	-32	57	17	17	-45	16	-18	33	3.32	33
Other Financing Activities, net	-0.41	-0.48	-6.20	-0.58	-0.36	-1.15	-2.39	-0.26	-0.35	-0.25	-5.93
Effect of Exchange Rate Changes	-0.24	0.63	-0.38	-0.23	1.25	-1.24	0.68	1.05	-0.07	0.03	-0.22

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Total Assets	742	741	791	800	898	1,058	1,607	1,692	1,763	1,698	1,803
Total Current Assets	346	345	411	439	538	464	627	690	709	724	790
Cash & Equivalents	24	31	42	71	125	26	14	13	13	17	14
Accounts Receivable	97	101	124	131	155	166	214	215	193	194	223
Inventories, net	212	201	220	215	236	251	361	423	442	441	461
Prepaid Expenses	13	12	25	23	22	21	38	39	62	72	92
Plant, Property, & Equipment, net	264	253	256	251	232	310	409	449	515	511	535
Plant, Property & Equipment, gross	834	861	892	898	917	998	1,132	1,209	1,282	1,316	1,377
Accumulated Depreciation	570	609	636	647	685	689	723	760	767	805	841
Total Noncurrent Assets	133	143	125	110	128	284	571	553	539	463	478
Goodwill	87	87	91	91	79	145	319	319	321	264	281
Intangible Assets	13	11	9.85	6.46	6.38	55	157	143	134	109	106
Noncurrent Deferred & Refundable Income Taxes	26	39	17	5.62	1.67	3.13	5.43	3.27	4.91	2.96	7.73
Other Noncurrent Operating Assets	6.72	5.95	6.99	7.24	41	81	90	87	79	87	84
Total Liabilities & Shareholders' Equity	742	741	791	800	898	1,058	1,607	1,692	1,763	1,698	1,803
Total Liabilities	259	247	296	246	253	406	887	897	878	829	860
Total Current Liabilities	96	90	127	140	122	127	205	239	255	227	254
Short-Term Debt	8.99	0.73	0.78	0.82	0.87	1.94	15	21	39	34	22
Accounts Payable	32	33	49	50	43	56	86	108	126	106	149
Accrued Expenses	48	50	71	81	74	60	91	91	72	68	65
Current Deferred Revenue	3.70	1.11	5.45	5.92	3.38	7.71	7.77	15	14	13	13
Current Deferred & Payable Income Tax Liabilities	2.37	4.78	1.08	2.62	1.34	1.90	4.21	3.93	5.21	4.91	5.05
Total Noncurrent Liabilities	163	157	169	107	130	279	683	658	623	602	606
Long-Term Debt	4.28	3.61	2.83	2.07	1.26	37	434	411	388	408	436
Noncurrent Deferred Revenue	47	43	42	36	36	89	99	108	108	78	56
Noncurrent Deferred & Payable Income Tax Liabilities	0.11	0.27	0.21	0.20	13	16	27	28	20	3.24	2.76
Noncurrent Employee Benefit Liabilities	93	92	93	39	32	42	33	20	26	26	24
Other Noncurrent Operating Liabilities	18	18	15	30	47	95	88	90	81	87	87
Total Equity & Noncontrolling Interests	483	494	495	554	646	656	720	800	885	869	943
Total Preferred & Common Equity	483	494	495	554	646	656	720	800	885	869	943
Preferred Stock	0.00	0.00	0.00	0.00	0.00	-	0.00	-	0.00	0.00	0.00
Total Common Equity	483	494	495	554	646	652	720	795	885	869	943
Common Stock	209	213	223	235	250	259	272	288	309	336	352
Retained Earnings	500	518	536	548	625	631	694	769	854	849	912
Treasury Stock	-149	-154	-166	-175	-187	-199	-210	-221	-238	-262	-277
Accumulated Other Comprehensive Income / (Loss)	-81	-86	-103	-58	-45	-39	-40	-42	-47	-61	-51
Other Equity Adjustments	3.60	4.06	4.45	4.49	3.42	-	4.80	-	5.92	6.56	7.07

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	Q2 2025	Q3 2025	Q1 2026
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	6/27/2025	9/26/2025	4/3/2026
Total Assets	1,702	1,718	1,738	1,749	1,805	1,804	1,857	1,752	1,741	1,793	1,877
Total Current Assets	710	700	698	710	740	739	795	759	735	776	876
Cash & Equivalents	21	15	17	16	13	17	18	16	13	16	16
Accounts Receivable	239	208	188	186	188	185	215	219	198	195	267
Inventories, net	420	434	455	452	467	463	477	440	445	467	494
Prepaid Expenses	30	42	38	55	72	74	86	84	80	97	99
Plant, Property, & Equipment, net	426	470	493	497	524	528	526	522	533	539	530
Plant, Property & Equipment, gross	1,173	1,198	1,233	1,252	1,304	1,321	1,328	1,340	1,358	1,380	1,391
Accumulated Depreciation	747	729	740	756	780	793	802	818	825	841	861
Total Noncurrent Assets	567	549	547	542	541	537	536	471	473	478	472
Goodwill	319	320	320	319	320	320	321	264	266	280	280
Intangible Assets	145	140	138	135	129	126	124	107	108	108	103
Noncurrent Deferred & Refundable Income Taxes	4.70	3.34	3.25	3.21	4.75	4.78	4.91	2.97	3.06	2.98	7.72
Other Noncurrent Operating Assets	98	85	85	85	87	86	85	97	97	86	81
Total Liabilities & Shareholders' Equity	1,702	1,718	1,738	1,749	1,805	1,804	1,857	1,752	1,741	1,793	1,877
Total Liabilities	936	896	891	877	915	897	925	864	831	859	920
Total Current Liabilities	202	246	233	217	255	227	253	267	232	236	288
Short-Term Debt	20	28	27	39	47	39	38	53	20	10	23
Accounts Payable	96	127	124	93	135	117	130	137	132	140	189
Accrued Expenses	78	66	64	68	57	54	68	60	60	68	60
Current Deferred Revenue	6.60	20	15	15	15	16	15	13	17	16	12
Current Deferred & Payable Income Tax Liabilities	1.54	4.67	2.56	2.00	2.08	1.53	1.17	4.10	3.24	2.32	4.16
Total Noncurrent Liabilities	733	650	657	659	661	669	672	597	599	623	632
Long-Term Debt	474	405	413	422	429	446	458	399	406	447	467
Noncurrent Deferred Revenue	112	111	112	110	100	93	86	72	64	59	54
Noncurrent Deferred & Payable Income Tax Liabilities	30	28	28	28	20	21	20	3.30	3.37	3.15	2.71
Noncurrent Employee Benefit Liabilities	29	21	21	20	25	25	26	25	27	27	23
Other Noncurrent Operating Liabilities	87	86	83	79	86	84	83	98	98	87	85
Total Equity & Noncontrolling Interests	767	822	847	872	890	907	932	888	911	935	957
Total Preferred & Common Equity	767	822	847	872	890	907	932	888	911	935	957
Preferred Stock	0.00	0.00	0.00	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	911	935	957
Common Stock	284	298	303	307	324	329	332	343	346	349	368
Retained Earnings	743	792	814	838	865	881	901	864	886	909	929
Treasury Stock	-219	-232	-236	-237	-256	-259	-259	-268	-276	-277	-295
Accumulated Other Comprehensive Income / (Loss)	-47	-42	-39	-41	-49	-51	-48	-58	-52	-53	-52
Other Equity Adjustments	5.17	5.30	5.81	5.86	5.98	6.44	6.50	6.62	6.94	7.00	7.14

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-9.02%	-5.47%	17.56%	6.00%	-1.85%	-0.77%	28.43%	16.32%	-5.23%	1.17%	6.04%
EBITDA Growth	-17.18%	-7.47%	12.43%	-29.80%	79.19%	-49.65%	131.56%	40.90%	11.76%	-40.48%	52.85%
EBIT Growth	-21.39%	-40.13%	42.34%	-50.57%	251.96%	-81.89%	576.53%	52.03%	11.32%	-64.31%	125.98%
NOPAT Growth	-23.21%	-13.63%	-57.11%	521.64%	-26.59%	-73.29%	370.84%	38.20%	21.24%	-84.59%	439.97%
Net Income Growth	-23.67%	-19.96%	-55.51%	83.77%	153.73%	-71.04%	368.72%	18.65%	11.29%	-93.85%	1,170.77%
EPS Growth	-21.78%	-19.62%	-55.91%	82.14%	153.92%	-71.04%	366.67%	18.29%	10.63%	-93.89%	1,178.57%
Operating Cash Flow Growth	50.98%	-25.09%	-0.56%	12.65%	29.92%	1.85%	-10.70%	28.50%	24.54%	-39.19%	17.57%
Free Cash Flow Firm Growth	-59.57%	6.98%	-80.45%	866.71%	-68.05%	-708.14%	-231.83%	110.02%	-12.37%	-39.07%	-70.84%
Invested Capital Growth	0.39%	-1.06%	1.26%	2.82%	7.55%	27.08%	73.93%	5.01%	6.95%	-0.29%	7.28%
Revenue Q/Q Growth	-6.76%	2.14%	6.98%	-0.87%	-1.49%	5.33%	3.96%	2.17%	-0.81%	0.95%	3.05%
EBITDA Q/Q Growth	-7.93%	2.17%	7.72%	-39.44%	60.88%	-17.41%	9.40%	16.96%	-6.06%	-34.39%	36.83%
EBIT Q/Q Growth	-11.99%	-14.02%	23.76%	-67.86%	226.10%	-50.25%	12.13%	23.93%	-8.38%	-57.07%	77.94%
NOPAT Q/Q Growth	-14.12%	7.20%	-59.90%	116.72%	8.21%	-38.57%	21.15%	13.72%	-5.34%	-81.95%	170.24%
Net Income Q/Q Growth	-14.53%	0.25%	-56.73%	-37.07%	249.46%	-37.86%	19.09%	11.81%	-8.85%	-92.07%	285.71%
EPS Q/Q Growth	-13.66%	-0.78%	-56.92%	-36.65%	250.00%	-38.02%	18.64%	11.89%	-8.95%	-92.11%	280.85%
Operating Cash Flow Q/Q Growth	8.22%	-7.10%	-11.33%	-6.34%	14.49%	-15.17%	45.24%	38.17%	-13.14%	22.87%	-35.46%
Free Cash Flow Firm Q/Q Growth	-46.57%	47.90%	-82.70%	138.22%	-58.19%	-37.19%	-446.16%	110.68%	-28.40%	111.48%	-90.86%
Invested Capital Q/Q Growth	-4.95%	-6.74%	-4.15%	-3.18%	3.42%	6.72%	52.27%	-2.13%	-1.42%	-8.17%	0.97%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	18.61%	19.04%	18.68%	20.81%	22.16%	16.38%	18.78%	19.57%	20.96%	19.35%	17.28%
EBITDA Margin	8.17%	7.99%	7.65%	5.06%	9.24%	4.69%	8.46%	10.25%	12.08%	7.11%	10.25%
Operating Margin	4.42%	2.98%	3.51%	5.11%	5.95%	0.70%	5.10%	6.82%	8.19%	2.80%	6.15%
EBIT Margin	4.42%	2.80%	3.39%	1.58%	5.66%	1.03%	5.44%	7.11%	8.36%	2.95%	6.28%
Profit (Net Income) Margin	3.14%	2.66%	1.01%	1.74%	4.50%	1.31%	4.80%	4.89%	5.75%	0.35%	4.19%
Tax Burden Percent	75.10%	101.68%	31.46%	126.79%	81.47%	186.85%	93.73%	83.40%	88.75%	39.51%	91.76%
Interest Burden Percent	94.59%	93.40%	94.34%	87.04%	97.65%	68.08%	94.04%	82.48%	77.49%	30.00%	72.65%
Effective Tax Rate	24.90%	-1.68%	68.54%	-26.79%	18.53%	-86.85%	6.27%	16.60%	11.25%	60.49%	8.24%
Return on Invested Capital (ROIC)	7.22%	6.25%	2.68%	16.33%	11.39%	2.59%	7.94%	8.43%	9.64%	1.44%	7.51%
ROIC Less NNEP Spread (ROIC-NNEP)	-2,513.39%	25.28%	7.32%	143.69%	15.67%	2.39%	8.03%	5.16%	3.50%	-1.61%	1.55%
Return on Net Nonoperating Assets (RNNOA)	-0.39%	-0.99%	-0.36%	-12.32%	-2.49%	-0.21%	2.59%	2.88%	1.72%	-0.77%	0.75%
Return on Equity (ROE)	6.83%	5.27%	2.32%	4.01%	8.90%	2.38%	10.53%	11.31%	11.36%	0.67%	8.26%
Cash Return on Invested Capital (CROIC)	6.82%	7.33%	1.43%	13.55%	4.12%	-21.27%	-46.04%	3.54%	2.93%	1.73%	0.49%
Operating Return on Assets (OROA)	6.02%	3.65%	5.04%	2.40%	7.90%	1.24%	6.17%	7.58%	8.06%	2.87%	6.41%
Return on Assets (ROA)	4.27%	3.47%	1.49%	2.64%	6.29%	1.58%	5.44%	5.21%	5.54%	0.34%	4.28%
Return on Common Equity (ROCE)	6.83%	5.27%	2.32%	4.01%	8.90%	2.37%	10.50%	11.27%	11.32%	0.67%	8.26%
Return on Equity Simple (ROE_SIMPLE)	6.66%	5.21%	2.31%	3.80%	8.27%	2.36%	10.06%	10.75%	10.81%	0.68%	0.00%
Net Operating Profit after Tax (NOPAT)	34	29	13	78	57	15	72	100	121	19	101
NOPAT Margin	3.32%	3.03%	1.11%	6.48%	4.85%	1.31%	4.78%	5.68%	7.27%	1.11%	5.64%
Net Nonoperating Expense Percent (NNEP)	2,520.61%	-19.03%	-4.64%	-127.36%	-4.28%	0.20%	-0.09%	3.27%	6.15%	3.05%	5.96%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	8.11%	9.24%	1.42%	7.19%
Cost of Revenue to Revenue	81.39%	80.96%	81.32%	79.19%	77.84%	83.62%	81.22%	80.43%	79.04%	80.65%	82.73%
SG&A Expenses to Revenue	12.67%	13.31%	12.66%	12.71%	12.41%	11.39%	10.84%	9.64%	9.48%	8.64%	8.01%
R&D to Revenue	1.25%	1.32%	1.23%	1.26%	1.54%	1.72%	1.76%	1.65%	1.65%	1.72%	1.45%
Operating Expenses to Revenue	14.19%	16.06%	15.17%	15.70%	16.21%	15.68%	13.68%	12.76%	12.77%	16.55%	11.13%
Earnings before Interest and Taxes (EBIT)	45	27	39	19	67	12	82	125	139	50	112
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	84	77	87	61	110	55	128	180	201	120	183
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.08	1.51	1.88	1.58	1.82	1.94	2.57	2.24	3.02	2.36	2.73
Price to Tangible Book Value (P/TBV)	1.37	1.89	2.36	1.92	2.10	2.80	7.55	5.36	6.21	4.14	4.63
Price to Revenue (P/Rev)	0.51	0.77	0.82	0.73	0.99	1.08	1.22	1.01	1.61	1.22	1.44
Price to Earnings (P/E)	16.26	29.05	81.35	41.70	22.04	81.97	25.53	20.70	27.94	348.49	34.45
Dividend Yield	1.36%	1.00%	0.85%	0.96%	0.75%	0.73%	0.52%	0.71%	0.40%	0.54%	0.45%
Earnings Yield	6.15%	3.44%	1.23%	2.40%	4.54%	1.22%	3.92%	4.83%	3.58%	0.29%	2.90%
Enterprise Value to Invested Capital (EV/IC)	1.08	1.54	1.92	1.67	2.02	1.93	1.98	1.81	2.38	1.91	2.18
Enterprise Value to Revenue (EV/Rev)	0.50	0.74	0.80	0.67	0.89	1.09	1.51	1.25	1.85	1.47	1.69
Enterprise Value to EBITDA (EV/EBITDA)	6.11	9.30	10.44	13.24	9.62	23.20	17.89	12.21	15.34	20.69	16.51
Enterprise Value to EBIT (EV/EBIT)	11.31	26.58	23.57	42.46	15.71	105.32	27.80	17.59	22.18	49.88	26.93
Enterprise Value to NOPAT (EV/NOPAT)	15.06	24.54	72.20	10.34	18.34	83.39	31.62	22.01	25.49	132.76	30.00
Enterprise Value to Operating Cash Flow (EV/OCF)	5.62	10.57	13.41	10.60	10.62	12.67	25.33	18.96	21.38	28.21	29.28
Enterprise Value to Free Cash Flow (EV/FCFF)	15.92	20.95	135.29	12.46	50.78	0.00	0.00	52.38	83.91	110.52	462.38
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.03	0.01	0.04	0.01	0.00	0.06	0.62	0.54	0.48	0.51	0.49
Long-Term Debt to Equity	0.01	0.01	0.04	0.00	0.00	0.06	0.60	0.51	0.44	0.47	0.46
Financial Leverage	0.00	-0.04	-0.05	-0.09	-0.16	-0.09	0.32	0.56	0.49	0.48	0.48
Leverage Ratio	1.60	1.52	1.55	1.52	1.42	1.50	1.94	2.17	2.05	1.97	1.93
Compound Leverage Factor	1.51	1.42	1.46	1.32	1.38	1.02	1.82	1.79	1.59	0.59	1.40
Debt to Total Capital	2.67%	0.87%	3.82%	0.52%	0.33%	5.54%	38.43%	35.06%	32.50%	33.72%	32.72%
Short-Term Debt to Total Capital	1.81%	0.15%	0.15%	0.15%	0.13%	0.28%	1.31%	1.71%	2.94%	2.61%	1.60%
Long-Term Debt to Total Capital	0.86%	0.72%	3.67%	0.37%	0.19%	5.26%	37.12%	33.35%	29.56%	31.10%	31.12%
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	97.33%	99.13%	96.18%	99.48%	99.67%	93.92%	61.57%	64.51%	67.50%	66.28%	67.28%
Debt to EBITDA	0.16	0.06	0.23	0.05	0.02	0.70	3.52	2.40	2.12	3.69	2.51
Net Debt to EBITDA	-0.13	-0.35	-0.25	-1.11	-1.12	0.23	3.41	2.33	2.05	3.55	2.43
Long-Term Debt to EBITDA	0.05	0.05	0.22	0.03	0.01	0.66	3.40	2.28	1.93	3.40	2.38
Debt to NOPAT	0.39	0.15	1.56	0.04	0.04	2.51	6.22	4.33	3.52	23.69	4.55
Net Debt to NOPAT	-0.32	-0.92	-1.76	-0.87	-2.14	0.82	6.02	4.19	3.41	22.79	4.42
Long-Term Debt to NOPAT	0.13	0.12	1.50	0.03	0.02	2.38	6.01	4.11	3.20	21.85	4.33
Altman Z-Score	4.14	4.63	4.87	5.13	5.89	4.24	3.28	3.43	4.02	3.63	4.06
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.29%	0.27%	0.35%	0.31%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.59	3.82	3.23	3.14	4.39	3.66	3.07	2.89	2.78	3.19	3.11
Quick Ratio	1.26	1.46	1.30	1.44	2.28	1.52	1.12	0.96	0.81	0.93	0.93
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	32	34	6.72	65	21	-126	-419	42	37	22	6.54
Operating Cash Flow to CapEx	174.91%	191.49%	252.46%	280.07%	409.89%	150.29%	88.45%	151.07%	131.41%	130.20%	197.23%
Free Cash Flow to Firm to Interest Expense	13.12	19.22	3.08	26.30	13.15	-32.55	-85.49	1.92	1.17	0.64	0.21
Operating Cash Flow to Interest Expense	37.15	38.11	31.06	30.91	62.84	26.05	18.41	5.29	4.61	2.53	3.36
Operating Cash Flow Less CapEx to Interest Expense	15.91	18.21	18.75	19.87	47.51	8.72	-2.41	1.79	1.10	0.59	1.66
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.36	1.31	1.49	1.52	1.40	1.20	1.13	1.07	0.96	0.97	1.02
Accounts Receivable Turnover	9.76	9.79	10.14	9.49	8.31	7.32	7.95	8.19	8.16	8.72	8.57
Inventory Turnover	3.76	3.80	4.40	4.40	4.09	4.04	4.01	3.60	3.04	3.08	3.28
Fixed Asset Turnover	4.01	3.75	4.48	4.77	4.91	4.34	4.20	4.10	3.46	3.29	3.42
Accounts Payable Turnover	24.50	24.36	22.71	19.38	19.88	19.90	17.29	14.56	11.27	11.74	11.61
Days Sales Outstanding (DSO)	37.38	37.29	36.01	38.46	43.92	49.83	45.94	44.56	44.71	41.87	42.57
Days Inventory Outstanding (DIO)	97.15	95.98	82.96	83.04	89.22	90.36	91.02	101.27	119.90	118.59	111.45
Days Payable Outstanding (DPO)	14.90	14.98	16.07	18.83	18.36	18.34	21.11	25.07	32.39	31.10	31.43
Cash Conversion Cycle (CCC)	119.64	118.29	102.90	102.68	114.79	121.86	115.85	120.76	132.22	129.36	122.58
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	472	467	473	486	523	664	1,156	1,214	1,298	1,294	1,388
Invested Capital Turnover	2.18	2.06	2.42	2.52	2.35	1.98	1.66	1.48	1.33	1.30	1.33
Increase / (Decrease) in Invested Capital	1.85	-5.02	5.87	13	37	142	491	58	84	-3.76	94
Enterprise Value (EV)	512	721	909	810	1,054	1,280	2,286	2,199	3,087	2,477	3,023
Market Capitalization	523	748	932	878	1,177	1,267	1,850	1,780	2,674	2,052	2,577
Book Value per Share	$24.15	$24.78	$24.70	$27.36	$31.65	$32.07	$35.25	$38.71	$42.88	$41.87	$45.50
Tangible Book Value per Share	$19.14	$19.87	$19.68	$22.56	$27.46	$22.25	$11.99	$16.17	$20.86	$23.89	$26.85
Total Capital	496	498	515	557	648	694	1,170	1,232	1,311	1,311	1,402
Total Debt	13	4.34	20	2.89	2.13	38	450	432	426	442	459
Total Long-Term Debt	4.28	3.61	19	2.07	1.26	37	434	411	388	408	436
Net Debt	-11	-27	-22	-68	-123	13	435	419	413	425	445
Capital Expenditures (CapEx)	52	36	27	27	24	67	102	77	110	67	52
Debt-free, Cash-free Net Working Capital (DFCFNWC)	234	224	243	230	291	313	424	459	480	515	545
Debt-free Net Working Capital (DFNWC)	259	256	285	300	416	339	438	473	493	532	558
Net Working Capital (NWC)	250	255	284	300	415	337	423	451	454	497	536
Net Nonoperating Expense (NNE)	1.84	3.62	1.14	57	4.08	-0.11	-0.20	14	25	13	26
Net Nonoperating Obligations (NNO)	-11	-27	-22	-68	-123	8.85	435	414	413	425	445
Total Depreciation and Amortization (D&A)	38	50	49	42	42	43	46	55	62	70	71
Debt-free, Cash-free Net Working Capital to Revenue	22.86%	23.13%	21.31%	19.02%	24.56%	26.62%	28.04%	26.15%	28.81%	30.57%	30.49%
Debt-free Net Working Capital to Revenue	25.22%	26.38%	24.98%	24.87%	35.11%	28.82%	29.00%	26.90%	29.61%	31.56%	31.25%
Net Working Capital to Revenue	24.35%	26.30%	24.91%	24.80%	35.03%	28.66%	27.98%	25.69%	27.29%	29.53%	30.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.60	$1.29	$0.57	$1.03	$2.49	$0.76	$3.55	$4.19	$4.64	$0.28	$3.61
Adjusted Weighted Average Basic Shares Outstanding	20.10M	19.98M	20.03M	20.21M	20.37M	20.34M	20.42M	20.51M	20.62M	20.73M	20.76M
Adjusted Diluted Earnings per Share	$1.58	$1.27	$0.56	$1.01	$2.45	$0.75	$3.50	$4.14	$4.58	$0.28	$3.58
Adjusted Weighted Average Diluted Shares Outstanding	20.40M	20.21M	20.42M	20.61M	20.66M	20.60M	20.69M	20.76M	20.91M	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	20.01M	19.95M	20.12M	20.24M	20.41M	20.33M	20.45M	20.54M	20.65M	20.77M	20.74M
Normalized Net Operating Profit after Tax (NOPAT)	34	22	28	47	70	21	72	101	124	94	104
Normalized NOPAT Margin	3.32%	2.27%	2.50%	3.90%	5.87%	1.78%	4.76%	5.76%	7.48%	5.55%	5.80%
Pre Tax Income Margin	4.18%	2.61%	3.19%	1.37%	5.53%	0.70%	5.12%	5.87%	6.48%	0.88%	4.56%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	18.48	15.15	17.67	7.72	42.50	3.13	16.78	5.71	4.44	1.43	3.66
NOPAT to Interest Expense	13.88	16.41	5.77	31.68	36.40	3.96	14.75	4.56	3.87	0.54	3.28
EBIT Less CapEx to Interest Expense	-2.76	-4.75	5.37	-3.32	27.17	-14.20	-4.04	2.20	0.93	-0.51	1.95
NOPAT Less CapEx to Interest Expense	-7.36	-3.49	-6.53	20.65	21.07	-13.38	-6.07	1.06	0.36	-1.40	1.58
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	22.18%	29.12%	69.10%	39.86%	16.59%	59.87%	13.38%	11.82%	11.10%	188.30%	15.38%
Augmented Payout Ratio	44.35%	43.88%	78.59%	41.87%	16.96%	103.63%	13.38%	11.82%	11.10%	188.30%	25.87%

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/29/2023	12/31/2023	3/29/2024	6/28/2024	9/27/2024	12/31/2024	3/28/2025	6/27/2025	9/26/2025	12/31/2025	4/3/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	20,801,485.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	20,801,485.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.93
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-5.87%	-3.11%	-12.93%	6.85%	8.35%	3.76%	9.10%	1.36%	1.85%	12.10%	30.81%
EBITDA Growth	19.93%	-23.42%	-25.72%	-6.07%	-3.40%	-147.89%	13.52%	12.52%	4.85%	242.41%	5.13%
EBIT Growth	22.90%	-31.08%	-39.23%	-9.34%	-14.26%	-234.10%	21.71%	14.32%	11.76%	129.96%	2.24%
NOPAT Growth	38.00%	-19.23%	-34.84%	-14.71%	-8.03%	-198.31%	12.56%	24.32%	4.54%	179.68%	13.62%
Net Income Growth	33.14%	-32.32%	-47.60%	-20.95%	-16.07%	-350.93%	31.99%	32.07%	13.99%	113.46%	9.46%
EPS Growth	32.29%	-32.61%	-47.97%	-20.87%	-15.75%	-351.61%	32.81%	32.97%	14.02%	112.82%	8.24%
Operating Cash Flow Growth	9.34%	-26.72%	-136.23%	-37.43%	-63.62%	27.28%	212.29%	146.23%	259.39%	-74.40%	-127.78%
Free Cash Flow Firm Growth	90.45%	-136.56%	-3,260.89%	-195.64%	-43.16%	59.50%	156.11%	205.62%	205.22%	-215.44%	-257.33%
Invested Capital Growth	6.17%	6.95%	9.04%	8.18%	7.05%	-0.29%	-2.11%	-3.72%	-2.43%	7.28%	8.09%
Revenue Q/Q Growth	1.13%	4.46%	-8.49%	10.53%	2.55%	0.04%	-3.79%	2.70%	3.05%	10.10%	12.27%
EBITDA Q/Q Growth	-0.26%	-19.49%	-6.91%	25.66%	2.58%	-139.91%	320.68%	24.54%	-4.41%	-45.80%	62.91%
EBIT Q/Q Growth	3.15%	-24.18%	-18.85%	42.85%	-2.45%	-218.58%	173.65%	34.19%	-4.63%	-68.22%	151.36%
NOPAT Q/Q Growth	9.74%	-16.89%	-25.23%	25.08%	18.33%	-188.83%	185.61%	38.15%	-0.50%	-32.29%	22.07%
Net Income Q/Q Growth	10.31%	-26.71%	-31.12%	41.96%	17.11%	-319.12%	136.23%	42.05%	1.08%	-74.13%	194.74%
EPS Q/Q Growth	10.43%	-26.77%	-31.18%	42.19%	17.58%	-318.69%	136.32%	42.35%	0.83%	-75.41%	206.67%
Operating Cash Flow Q/Q Growth	-56.87%	328.44%	-123.04%	246.92%	-74.92%	1,398.98%	-79.67%	222.15%	-63.39%	6.77%	-122.07%
Free Cash Flow Firm Q/Q Growth	-64.62%	-30.49%	-60.91%	14.47%	20.28%	63.08%	322.92%	61.00%	-20.58%	-210.67%	-11.19%
Invested Capital Q/Q Growth	3.60%	-1.42%	4.17%	1.67%	2.52%	-8.17%	2.27%	0.00%	3.89%	0.97%	3.05%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	22.06%	18.93%	18.48%	18.99%	18.53%	21.28%	18.12%	19.15%	19.36%	13.00%	14.88%
EBITDA Margin	13.08%	10.08%	10.25%	11.66%	11.66%	-4.65%	10.67%	12.94%	12.00%	5.91%	8.58%
Operating Margin	9.06%	6.56%	5.77%	7.53%	7.16%	-8.78%	6.47%	8.53%	7.86%	2.21%	5.12%
EBIT Margin	9.23%	6.70%	5.94%	7.68%	7.30%	-8.66%	6.63%	8.66%	8.02%	2.31%	5.18%
Profit (Net Income) Margin	6.59%	4.62%	3.48%	4.47%	5.10%	-11.18%	4.21%	5.82%	5.71%	1.34%	3.52%
Tax Burden Percent	89.97%	98.79%	91.76%	79.65%	96.67%	104.67%	84.50%	86.23%	90.40%	197.33%	92.67%
Interest Burden Percent	79.36%	69.86%	63.83%	73.08%	72.29%	123.38%	75.17%	77.99%	78.84%	29.39%	73.40%
Effective Tax Rate	10.03%	1.21%	8.24%	20.35%	3.33%	0.00%	15.50%	13.77%	9.60%	-97.33%	7.33%
Return on Invested Capital (ROIC)	10.70%	8.60%	6.57%	7.41%	8.47%	-7.99%	7.03%	9.41%	8.84%	5.82%	6.61%
ROIC Less NNEP Spread (ROIC-NNEP)	9.33%	6.70%	4.98%	5.95%	6.75%	-13.24%	5.85%	7.91%	7.50%	2.41%	5.13%
Return on Net Nonoperating Assets (RNNOA)	5.23%	3.29%	2.56%	3.03%	3.45%	-6.33%	2.96%	3.83%	3.69%	1.16%	2.53%
Return on Equity (ROE)	15.93%	11.89%	9.14%	10.44%	11.92%	-14.31%	9.98%	13.24%	12.53%	6.98%	9.13%
Cash Return on Invested Capital (CROIC)	4.02%	2.93%	-0.15%	0.15%	0.78%	1.73%	4.00%	6.38%	5.14%	0.49%	-0.23%
Operating Return on Assets (OROA)	8.98%	6.46%	5.42%	7.09%	6.76%	-8.43%	6.41%	8.43%	7.61%	2.36%	5.47%
Return on Assets (ROA)	6.41%	4.46%	3.18%	4.13%	4.73%	-10.89%	4.07%	5.67%	5.43%	1.37%	3.72%
Return on Common Equity (ROCE)	15.93%	11.85%	9.14%	10.44%	11.92%	-14.31%	9.98%	13.24%	12.53%	6.98%	9.13%
Return on Equity Simple (ROE_SIMPLE)	12.04%	0.00%	9.39%	8.65%	7.96%	0.00%	1.15%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	33	27	20	26	30	-27	23	32	32	21	26
NOPAT Margin	8.15%	6.49%	5.30%	6.00%	6.92%	-6.14%	5.47%	7.35%	7.10%	4.37%	4.75%
Net Nonoperating Expense Percent (NNEP)	1.37%	1.90%	1.59%	1.46%	1.72%	5.25%	1.18%	1.50%	1.35%	3.40%	1.48%
Return On Investment Capital (ROIC_SIMPLE)	-	2.08%	-	-	-	-2.05%	1.72%	2.38%	2.27%	1.53%	1.80%
Cost of Revenue to Revenue	77.94%	81.07%	81.52%	81.01%	81.47%	78.72%	81.88%	80.85%	80.64%	87.00%	85.12%
SG&A Expenses to Revenue	9.63%	9.47%	9.30%	7.89%	8.02%	9.42%	8.43%	8.12%	8.60%	7.01%	6.58%
R&D to Revenue	1.57%	1.53%	1.85%	1.81%	1.80%	1.45%	1.55%	1.49%	1.47%	1.32%	1.12%
Operating Expenses to Revenue	13.00%	12.37%	12.71%	11.46%	11.38%	30.06%	11.65%	10.62%	11.51%	10.79%	9.76%
Earnings before Interest and Taxes (EBIT)	37	28	23	33	32	-38	28	37	36	11	28
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	53	42	40	50	51	-20	45	56	53	29	47
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.40	3.02	3.05	2.47	2.50	2.36	1.95	1.85	2.65	2.73	3.23
Price to Tangible Book Value (P/TBV)	5.01	6.21	6.15	4.85	4.80	4.14	3.35	3.13	4.53	4.63	5.39
Price to Revenue (P/Rev)	1.25	1.61	1.69	1.37	1.40	1.22	1.01	0.97	1.43	1.44	1.61
Price to Earnings (P/E)	19.94	27.94	32.48	28.53	31.43	348.49	170.19	103.25	127.61	34.45	40.42
Dividend Yield	0.50%	0.40%	0.40%	0.49%	0.47%	0.54%	0.65%	0.67%	0.46%	0.45%	0.38%
Earnings Yield	5.01%	3.58%	3.08%	3.51%	3.18%	0.29%	0.59%	0.97%	0.78%	2.90%	2.47%
Enterprise Value to Invested Capital (EV/IC)	1.93	2.38	2.35	1.97	1.99	1.91	1.64	1.58	2.12	2.18	2.49
Enterprise Value to Revenue (EV/Rev)	1.51	1.85	1.97	1.66	1.68	1.47	1.26	1.21	1.68	1.69	1.86
Enterprise Value to EBITDA (EV/EBITDA)	11.85	15.34	16.93	14.69	15.40	20.69	17.33	15.95	21.80	16.51	19.24
Enterprise Value to EBIT (EV/EBIT)	16.71	22.18	25.53	22.37	24.29	49.88	39.68	35.30	46.23	26.93	31.60
Enterprise Value to NOPAT (EV/NOPAT)	19.84	25.49	28.81	25.54	27.19	132.76	86.69	59.85	78.21	30.00	34.30
Enterprise Value to Operating Cash Flow (EV/OCF)	15.27	21.38	34.33	33.68	39.32	28.21	18.51	14.27	18.23	29.28	42.74
Enterprise Value to Free Cash Flow (EV/FCFF)	49.40	83.91	0.00	1,376.59	265.12	110.52	40.53	24.32	40.79	462.38	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.53	0.48	0.53	0.53	0.53	0.51	0.51	0.47	0.49	0.49	0.51
Long-Term Debt to Equity	0.48	0.44	0.48	0.49	0.49	0.47	0.45	0.45	0.48	0.46	0.49
Financial Leverage	0.56	0.49	0.51	0.51	0.51	0.48	0.51	0.48	0.49	0.48	0.49
Leverage Ratio	2.11	2.05	2.06	2.02	2.00	1.97	2.00	1.95	1.96	1.93	1.97
Compound Leverage Factor	1.67	1.43	1.31	1.48	1.45	2.43	1.50	1.52	1.54	0.57	1.44
Debt to Total Capital	34.58%	32.50%	34.81%	34.83%	34.70%	33.72%	33.70%	31.85%	32.84%	32.72%	33.86%
Short-Term Debt to Total Capital	2.90%	2.94%	3.41%	2.79%	2.63%	2.61%	3.93%	1.49%	0.73%	1.60%	1.59%
Long-Term Debt to Total Capital	31.69%	29.56%	31.40%	32.04%	32.07%	31.10%	29.77%	30.36%	32.11%	31.12%	32.27%
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	65.42%	67.50%	65.19%	65.17%	65.30%	66.28%	66.30%	68.15%	67.16%	67.28%	66.14%
Debt to EBITDA	2.15	2.12	2.53	2.63	2.71	3.69	3.61	3.24	3.42	2.51	2.64
Net Debt to EBITDA	2.08	2.05	2.46	2.54	2.62	3.55	3.48	3.15	3.29	2.43	2.56
Long-Term Debt to EBITDA	1.97	1.93	2.29	2.42	2.51	3.40	3.19	3.09	3.34	2.38	2.52
Debt to NOPAT	3.60	3.52	4.31	4.58	4.79	23.69	18.05	12.16	12.26	4.55	4.71
Net Debt to NOPAT	3.48	3.41	4.19	4.41	4.62	22.79	17.42	11.80	11.82	4.42	4.56
Long-Term Debt to NOPAT	3.30	3.20	3.89	4.21	4.43	21.85	15.95	11.60	11.98	4.33	4.49
Altman Z-Score	3.47	3.81	3.70	3.49	3.50	3.46	3.26	3.34	3.83	3.88	4.15
Noncontrolling Interest Sharing Ratio	0.00%	0.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.27	2.78	2.91	3.25	3.15	3.19	2.84	3.17	3.29	3.11	3.04
Quick Ratio	0.93	0.81	0.79	0.89	0.92	0.93	0.88	0.91	0.90	0.93	0.98
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-44	-57	-92	-78	-63	-23	51	83	66	-73	-81
Operating Cash Flow to CapEx	63.11%	239.04%	-65.84%	74.31%	266.47%	441.36%	128.59%	218.49%	80.01%	0.00%	-28.17%
Free Cash Flow to Firm to Interest Expense	-5.69	-6.70	-11.08	-8.91	-7.08	-2.61	7.44	10.07	8.72	-9.10	-10.69
Operating Cash Flow to Interest Expense	1.82	7.05	-1.67	2.30	0.58	8.62	2.24	6.07	2.42	2.44	-0.57
Operating Cash Flow Less CapEx to Interest Expense	-1.06	4.10	-4.20	-0.80	0.36	6.67	0.50	3.29	-0.61	3.12	-2.59
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.97	0.96	0.91	0.92	0.93	0.97	0.97	0.97	0.95	1.02	1.06
Accounts Receivable Turnover	7.90	8.16	8.12	8.76	8.33	8.72	8.44	9.00	8.46	8.57	7.88
Inventory Turnover	3.01	3.04	2.84	2.86	2.92	3.08	3.06	3.07	2.96	3.28	3.43
Fixed Asset Turnover	3.64	3.46	3.24	3.20	3.26	3.29	3.29	3.25	3.25	3.42	3.64
Accounts Payable Turnover	13.83	11.27	9.79	10.90	12.14	11.74	10.23	11.16	10.34	11.61	9.83
Days Sales Outstanding (DSO)	46.22	44.71	44.98	41.67	43.82	41.87	43.25	40.57	43.15	42.57	46.34
Days Inventory Outstanding (DIO)	121.44	119.90	128.57	127.49	124.97	118.59	119.10	118.92	123.42	111.45	106.35
Days Payable Outstanding (DPO)	26.39	32.39	37.30	33.48	30.06	31.10	35.66	32.71	35.32	31.43	37.13
Cash Conversion Cycle (CCC)	141.27	132.22	136.25	135.69	138.73	129.36	126.69	126.79	131.25	122.58	115.56
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,317	1,298	1,352	1,375	1,409	1,294	1,324	1,324	1,375	1,388	1,431
Invested Capital Turnover	1.31	1.33	1.24	1.24	1.22	1.30	1.29	1.28	1.25	1.33	1.39
Increase / (Decrease) in Invested Capital	77	84	112	104	93	-3.76	-28	-51	-34	94	107
Enterprise Value (EV)	2,538	3,087	3,175	2,707	2,810	2,477	2,168	2,094	2,916	3,023	3,566
Market Capitalization	2,094	2,674	2,713	2,239	2,333	2,052	1,732	1,681	2,475	2,577	3,092
Book Value per Share	$42.25	$42.88	$43.04	$43.76	$44.92	$41.87	$42.76	$43.75	$45.09	$45.50	$46.15
Tangible Book Value per Share	$20.25	$20.86	$21.32	$22.25	$23.45	$23.89	$24.89	$25.82	$26.34	$26.85	$27.68
Total Capital	1,333	1,311	1,365	1,392	1,427	1,311	1,339	1,336	1,392	1,402	1,447
Total Debt	461	426	475	485	495	442	451	426	457	459	490
Total Long-Term Debt	422	388	429	446	458	408	399	406	447	436	467
Net Debt	445	413	462	468	477	425	436	413	441	445	474
Capital Expenditures (CapEx)	22	25	21	27	1.91	17	12	23	23	-5.41	15
Debt-free, Cash-free Net Working Capital (DFCFNWC)	515	480	519	533	562	515	529	511	534	545	594
Debt-free Net Working Capital (DFNWC)	531	493	532	550	580	532	545	523	551	558	610
Net Working Capital (NWC)	492	454	485	512	543	497	492	503	541	536	587
Net Nonoperating Expense (NNE)	6.29	7.84	7.01	6.50	7.92	22	5.28	6.61	6.18	15	6.74
Net Nonoperating Obligations (NNO)	445	413	462	468	477	425	436	413	441	445	474
Total Depreciation and Amortization (D&A)	16	14	17	17	19	18	17	18	18	18	19
Debt-free, Cash-free Net Working Capital to Revenue	30.66%	28.81%	32.25%	32.61%	33.69%	30.57%	30.76%	29.58%	30.83%	30.49%	31.01%
Debt-free Net Working Capital to Revenue	31.63%	29.61%	33.06%	33.66%	34.76%	31.56%	31.66%	30.31%	31.77%	31.25%	31.85%
Net Working Capital to Revenue	29.33%	27.29%	30.17%	31.29%	32.51%	29.53%	28.61%	29.16%	31.19%	30.00%	30.65%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.29	$0.94	$0.65	$0.92	$1.07	($2.36)	$0.85	$1.21	$1.23	$0.32	$0.93
Adjusted Weighted Average Basic Shares Outstanding	20.64M	20.62M	20.68M	20.74M	20.75M	20.73M	20.78M	20.78M	20.73M	20.76M	20.76M
Adjusted Diluted Earnings per Share	$1.27	$0.93	$0.64	$0.91	$1.07	($2.34)	$0.85	$1.21	$1.22	$0.30	$0.92
Adjusted Weighted Average Diluted Shares Outstanding	20.91M	20.91M	20.97M	20.91M	20.92M	20.93M	20.91M	20.83M	20.88M	20.91M	21.01M
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	20.64M	20.65M	20.73M	20.75M	20.75M	20.77M	20.81M	20.73M	20.73M	20.74M	20.80M
Normalized Net Operating Profit after Tax (NOPAT)	34	28	22	28	32	-26	25	32	32	7.89	28
Normalized NOPAT Margin	8.39%	6.63%	5.68%	6.57%	7.25%	-6.03%	5.88%	7.45%	7.14%	1.61%	5.14%
Pre Tax Income Margin	7.33%	4.68%	3.79%	5.61%	5.28%	-10.68%	4.98%	6.75%	6.32%	0.68%	3.80%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.85	3.32	2.77	3.72	3.61	-4.28	4.03	4.54	4.73	1.42	3.76
NOPAT to Interest Expense	4.28	3.21	2.47	2.90	3.42	-3.04	3.32	3.86	4.19	2.67	3.45
EBIT Less CapEx to Interest Expense	1.96	0.37	0.23	0.61	3.39	-6.23	2.29	1.77	1.70	2.09	1.74
NOPAT Less CapEx to Interest Expense	1.39	0.26	-0.07	-0.20	3.20	-4.99	1.58	1.08	1.16	3.35	1.43
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	10.01%	11.10%	12.86%	13.84%	14.80%	188.30%	110.03%	69.40%	58.77%	15.38%	15.18%
Augmented Payout Ratio	10.01%	11.10%	12.86%	13.84%	14.80%	188.30%	110.03%	69.40%	58.77%	25.87%	15.18%

Financials Breakdown Chart

Key Financial Trends

Materion Corp (MTRN) has shown a 2025 year with rising revenue and solid near-term liquidity, backed by positive operating cash flow. However, the latest quarter (Q4 2025) delivered a meaningful margin compression and a dip in quarterly earnings, highlighting near-term headwinds to monitor. Below are the key trends most likely to impact investors over the next few quarters.

Revenue trend: 2025 revenue rose through the year, ending at 489,754,000 in Q4 2025 versus 420,330,000 in Q1 2025, signaling robust top-line momentum.
Operating cash flow strength: Net cash from continuing operating activities was positive in all 2025 quarters, peaking at 49,940,000 in Q2 2025, underscoring healthy cash generation.
Strong liquidity: Balance-sheet liquidity remained solid, with 2025 quarters showing Total Current Assets around 730–776 million and Total Current Liabilities around 232–267 million, yielding a current ratio generally in the low-to-mid 3s.
Shareholder returns: Dividends per share held steady in 2025 (about 0.135 in Q1 and Q2, 0.14 in Q3), supporting income-oriented investors.
Gross margin variability: Gross margin varied in 2025—Q3 and Q2 margins were around 19% (86,123,000 vs. 82,658,000 gross profit on 444,808,000 and 431,658,000 revenue, respectively), but Q4 2025 gross margin collapsed to about 13% (63,666,000 gross profit on 489,754,000 revenue).
Quarterly earnings volatility: Diluted EPS was strong in Q2 (1.21) and Q3 (1.22) 2025 but cooled in Q4 (0.30), reflecting quarterly earnings fluctuation.
Capital allocation pattern: Capex fluctuated (roughly 12–23 million per quarter in 2025), and investing cash outflows remained a regular feature, indicating ongoing asset investments that can affect near-term free cash flow.
Q4 2025 earnings downside: Q4 2025 net income attributable to common shareholders was 6,573,000 (EPS 0.30) after stronger Q2–Q3 results, signaling a near-term earnings pullback.
2024 Q4 earnings weakness: 2024 Q4 net income was negative (Consolidated Net Income approximately -48,851,000), illustrating earnings volatility across the four-year window.
Cash balance pressure in Q4 2025: Net change in cash and equivalents for Q4 2025 was a small negative 2,730,000, contributing to a modest year-end cash balance decline.

05/22/26 05:57 PM ETAI Generated. May Contain Errors.

Materion Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Materion's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Materion's net income appears to be on an upward trend, with a most recent value of $74.82 million in 2025, rising from $32.16 million in 2015. The previous period was $5.89 million in 2024. See Materion's forecast for analyst expectations on what's next for the company.

Materion's total operating income in 2025 was $109.80 million, based on the following breakdown:

Total Gross Profit: $308.63 million
Total Operating Expenses: $198.83 million

Over the last 10 years, Materion's total revenue changed from $1.03 billion in 2015 to $1.79 billion in 2025, a change of 74.3%.

Materion's total liabilities were at $859.52 million at the end of 2025, a 3.7% increase from 2024, and a 231.4% increase since 2015.

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 $13.68 million as of their latest financial filing in 2025.

Over the last 10 years, Materion's book value per share changed from 24.15 in 2015 to 45.50 in 2025, a change of 88.4%.

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Financial statements for NYSE:MTRN last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Materion (MTRN) Financials

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