Minerals Technologies (MTX) Financials

$78.03 +1.24 (+1.61%)

Closing price 05/26/2026 03:58 PM Eastern

Extended Trading

$78.17 +0.14 (+0.17%)

As of 08:29 AM Eastern

Annual Income Statements for Minerals Technologies

This table shows Minerals Technologies' 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	108	133	195	169	133	112	164	122	84	167	-18
Consolidated Net Income / (Loss)	112	137	199	173	136	116	169	126	88	171	-14
Net Income / (Loss) Continuing Operations	112	137	199	173	136	116	169	126	88	171	-14
Total Pre-Tax Income	133	170	191	204	157	138	202	157	108	224	-14
Total Operating Income	200	224	244	256	209	188	236	215	172	287	47
Total Gross Profit	471	460	467	461	441	405	447	465	507	548	518
Total Revenue	1,798	1,638	1,676	1,808	1,791	1,595	1,858	2,126	2,170	2,119	2,073
Operating Revenue	1,798	1,638	1,676	1,808	1,791	1,595	1,858	2,126	2,170	2,119	2,073
Total Cost of Revenue	1,327	1,178	1,209	1,346	1,350	1,189	1,412	1,661	1,663	1,571	1,555
Operating Cost of Revenue	1,327	1,178	1,209	1,346	1,350	1,189	1,412	1,661	1,663	1,571	1,555
Total Operating Expenses	271	237	223	206	232	218	211	250	335	261	471
Selling, General & Admin Expense	190	176	181	179	188	177	186	192	206	209	208
Research & Development Expense	24	24	24	23	20	20	20	20	21	23	23
Impairment Charge	-	-	-	-	-	-	0.00	0.00	72	0.00	0.00
Restructuring Charge	57	36	18	4.20	13	11	5.10	5.10	7.20	0.00	15
Other Special Charges / (Income)	-	-	0.00	0.00	11	10	0.00	33	29	29	225
Total Other Income / (Expense), net	-68	-54	-54	-52	-51	-50	-33	-58	-64	-63	-61
Interest Expense	65	54	43	46	43	38	37	6.90	0.00	1.80	0.00
Interest & Investment Income	-	-	-	-	-	-	-	-44	-59	-56	-55
Other Income / (Expense), net	-2.30	0.80	-10	-5.90	-8.20	-12	3.80	-7.30	-4.90	-4.70	-6.90
Income Tax Expense	23	35	-6.60	34	23	24	37	32	24	59	4.90
Other Gains / (Losses), net	1.80	2.10	1.50	3.50	1.90	2.20	2.80	1.70	4.30	6.70	4.90
Net Income / (Loss) Attributable to Noncontrolling Interest	3.70	3.70	3.90	4.20	3.70	3.40	4.10	4.10	4.20	3.80	4.40
Basic Earnings per Share	$3.11	$3.82	$5.54	$4.79	$3.79	$3.29	$4.89	$3.74	$2.59	$5.21	($0.59)
Weighted Average Basic Shares Outstanding	34.70M	34.90M	35.20M	35.30M	35M	34.20M	33.60M	32.70M	32.50M	32.10M	31.40M
Diluted Earnings per Share	$3.08	$3.79	$5.48	$4.75	$3.78	$3.29	$4.86	$3.73	$2.58	$5.17	($0.59)
Weighted Average Diluted Shares Outstanding	35M	35.20M	35.60M	35.60M	35.10M	34.20M	33.80M	32.80M	32.60M	32.30M	31.40M
Cash Dividends to Common per Share	$0.20	$0.20	$0.20	$0.20	$0.20	$0.20	$0.20	$0.20	$0.25	$0.41	$0.45

This table shows Minerals Technologies' 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	10/1/2023	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/31/2024	3/30/2025	6/29/2025	9/28/2025	12/31/2025	4/5/2026
Net Income / (Loss) Attributable to Common Shareholders	-19	40	47	20	47	54	-144	45	43	37	36
Consolidated Net Income / (Loss)	-18	41	48	21	48	55	-143	46	44	39	37
Net Income / (Loss) Continuing Operations	-18	41	48	21	48	55	-143	46	44	39	37
Total Pre-Tax Income	-23	49	60	35	60	69	-176	59	57	47	46
Total Operating Income	-7.90	67	75	51	77	84	-160	75	71	62	59
Total Gross Profit	133	125	136	144	135	163	120	137	137	125	131
Total Revenue	548	525	535	541	525	518	492	529	532	520	547
Operating Revenue	548	525	535	541	525	518	492	529	532	520	547
Total Cost of Revenue	415	399	399	397	390	385	372	392	395	395	416
Operating Cost of Revenue	415	399	399	397	390	385	372	392	395	395	416
Total Operating Expenses	141	59	61	93	59	49	280	62	66	63	72
Selling, General & Admin Expense	51	51	53	53	50	53	51	52	53	52	58
Research & Development Expense	5.20	5.10	5.60	5.80	5.90	5.70	5.80	5.70	5.60	5.80	6.10
Restructuring Charge	0.30	-	0.00	0.00	0.00	-	5.50	5.80	0.00	3.70	0.00
Other Special Charges / (Income)	13	2.40	2.10	34	2.60	-9.90	218	-1.40	7.50	0.80	8.80
Total Other Income / (Expense), net	-15	-18	-15	-16	-17	-15	-16	-16	-14	-15	-13
Interest & Investment Income	-15	-	-15	-15	-14	-	-14	-14	-14	-13	-13
Other Income / (Expense), net	0.60	-3.00	-0.20	-1.10	-3.10	-0.30	-2.00	-1.90	-0.50	-2.50	0.50
Income Tax Expense	-3.50	9.20	14	16	14	16	-32	14	14	9.60	9.90
Other Gains / (Losses), net	1.00	1.30	1.40	1.90	1.90	1.50	1.20	1.10	1.10	1.50	1.30
Net Income / (Loss) Attributable to Noncontrolling Interest	1.10	1.00	0.90	1.20	1.00	0.70	1.00	0.90	1.20	1.30	1.10
Basic Earnings per Share	($0.59)	$1.22	$1.45	$0.61	$1.45	$1.70	($4.51)	$1.44	$1.37	$1.11	$1.17
Weighted Average Basic Shares Outstanding	32.50M	32.50M	32.30M	32.20M	32.10M	32.10M	31.90M	31.60M	31.30M	31.40M	31M
Diluted Earnings per Share	($0.59)	$1.21	$1.44	$0.61	$1.45	$1.67	($4.51)	$1.44	$1.37	$1.11	$1.17
Weighted Average Diluted Shares Outstanding	32.50M	32.60M	32.40M	32.40M	32.30M	32.30M	31.90M	31.60M	31.30M	31.40M	31M
Weighted Average Basic & Diluted Shares Outstanding	32.54M	32.36M	32.25M	32.17M	31.89M	31.90M	31.73M	31.38M	-	0.00	31.01M
Cash Dividends to Common per Share	$0.05	$0.10	$0.10	$0.10	$0.10	$0.11	$0.11	$0.11	$0.11	$0.12	$0.12

This table details how cash moves in and out of Minerals Technologies' 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	-20	-41	24	-3.40	33	126	-68	-52	70	16	-4.10
Net Cash From Operating Activities	270	225	208	204	238	241	232	106	234	236	194
Net Cash From Continuing Operating Activities	270	225	208	204	238	241	232	106	234	236	194
Net Income / (Loss) Continuing Operations	112	137	199	173	136	116	169	126	88	171	-14
Consolidated Net Income / (Loss)	112	137	199	173	136	116	169	126	88	171	-14
Depreciation Expense	98	92	91	94	98	94	95	94	95	95	91
Amortization Expense	9.90	7.90	7.40	13	9.20	13	13	8.40	2.30	1.10	0.00
Non-Cash Adjustments To Reconcile Net Income	48	30	19	9.40	35	30	22	32	105	41	260
Changes in Operating Assets and Liabilities, net	2.30	-42	-109	-87	-40	-12	-66	-156	-57	-72	-144
Net Cash From Investing Activities	-85	-62	-78	-200	-62	-79	-279	-102	-92	-95	-123
Net Cash From Continuing Investing Activities	-85	-62	-78	-200	-62	-79	-279	-102	-92	-95	-123
Purchase of Property, Plant & Equipment	-86	-62	-77	-76	-65	-67	-86	-82	-94	-90	-107
Acquisitions	-	0.00	0.00	-123	0.00	-9.20	-194	-22	-1.80	-4.00	0.00
Purchase of Investments	-4.70	-6.70	-4.50	-7.70	-5.50	-8.70	-9.40	-6.60	-18	-8.60	-14
Sale of Property, Plant & Equipment	5.00	1.40	1.40	0.90	0.00	0.70	0.70	1.00	0.20	12	6.80
Sale and/or Maturity of Investments	1.10	8.00	3.80	6.10	7.70	5.30	8.30	6.70	20	8.00	15
Other Investing Activities, net	0.00	-1.90	-1.50	-0.90	0.80	0.00	2.20	2.00	1.30	-13	-24
Net Cash From Financing Activities	-184	-195	-118	4.20	-143	-43	5.60	-34	-72	-110	-89
Net Cash From Continuing Financing Activities	-184	-195	-118	4.20	-143	-43	5.60	-34	-72	-110	-89
Repayment of Debt	-192	-193	-119	-82	-92	-398	-22	-556	-49	-621	-11
Repurchase of Common Equity	0.00	-2.60	-0.70	-22	-41	-41	-75	-56	-14	-64	-59
Payment of Dividends	-8.10	-12	-9.40	-8.90	-11	-7.50	-8.60	-14	-11	-14	-18
Issuance of Debt	13	7.20	0.00	113	0.00	400	101	589	0.00	575	0.00
Other Financing Activities, net	3.00	5.80	11	-0.10	0.50	1.20	10	2.40	2.30	13	-1.10
Effect of Exchange Rate Changes	-22	-9.60	12	-11	-0.20	7.20	-28	-22	-0.20	-16	14

This table details how cash moves in and out of Minerals Technologies' 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	10/1/2023	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/31/2024	3/30/2025	6/29/2025	9/28/2025	12/31/2025	4/5/2026
Net Change in Cash & Equivalents	21	49	-1.50	-5.10	6.50	16	-27	7.20	5.80	9.40	-13
Net Cash From Operating Activities	59	95	56	50	60	70	-4.40	63	71	64	32
Net Cash From Continuing Operating Activities	59	95	56	50	60	70	-4.40	63	71	64	32
Net Income / (Loss) Continuing Operations	-18	41	48	21	48	55	-143	46	44	39	37
Consolidated Net Income / (Loss)	-18	41	48	21	48	55	-143	46	44	39	37
Depreciation Expense	24	24	24	24	23	24	24	22	22	23	25
Non-Cash Adjustments To Reconcile Net Income	64	23	11	36	-5.30	-0.40	185	9.50	7.00	59	8.50
Changes in Operating Assets and Liabilities, net	-11	5.50	-26	-31	-5.50	-9.30	-69	-15	-2.70	-57	-39
Net Cash From Investing Activities	-27	-16	-17	-29	-32	-17	-22	-36	-38	-28	-29
Net Cash From Continuing Investing Activities	-27	-16	-17	-29	-32	-17	-22	-36	-38	-28	-29
Purchase of Property, Plant & Equipment	-25	-23	-17	-20	-25	-28	-18	-29	-27	-32	-23
Purchase of Investments	-2.90	-5.90	-1.30	-3.90	-2.50	-0.90	-4.50	-1.00	-6.20	-2.60	-1.30
Sale and/or Maturity of Investments	1.50	12	1.10	2.00	1.10	3.80	3.10	0.80	3.90	7.50	0.00
Other Investing Activities, net	-	1.00	0.10	-3.10	-5.70	-4.00	-2.10	-6.60	-8.00	-6.80	-5.00
Net Cash From Financing Activities	-4.10	-42	-32	-23	-35	-21	-3.90	-30	-26	-29	-11
Net Cash From Continuing Financing Activities	-4.10	-42	-32	-23	-35	-21	-3.90	-30	-26	-29	-11
Repayment of Debt	-1.50	-28	-13	-10	-9.10	-588	0.00	-1.60	-1.60	-8.20	-1.50
Repurchase of Common Equity	-	-14	-15	-20	-23	-6.20	-12	-19	-17	-11	-5.40
Payment of Dividends	-2.60	-4.60	-3.20	-3.70	-3.80	-3.50	-3.60	-7.10	-3.80	-3.80	-7.50
Issuance of Debt	-	-	0.00	-	-	-	15	-2.00	-4.30	-8.20	5.60
Other Financing Activities, net	-	4.90	-0.50	11	0.90	1.80	-3.30	-0.10	0.50	1.80	-2.30
Effect of Exchange Rate Changes	-7.20	11	-8.80	-3.20	13	-17	3.60	10	-1.30	2.00	-4.70
Cash Interest Paid	11	-	20	11	20	-	20	7.10	20	-	19
Cash Income Taxes Paid	12	-	7.30	29	14	-	9.80	30	13	-	11

This table presents Minerals Technologies' 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	2,980	2,863	2,970	3,087	3,113	3,209	3,374	3,402	3,347	3,394	3,469
Total Current Assets	804	751	852	876	919	1,034	1,029	1,071	1,099	1,131	1,156
Cash & Equivalents	229	189	212	209	242	368	300	247	317	333	329
Short-Term Investments	2.60	2.00	2.70	3.80	1.60	4.10	4.90	5.60	4.30	4.00	3.60
Accounts Receivable	349	341	383	387	376	369	368	404	399	385	400
Inventories, net	195	187	219	239	253	248	298	349	325	342	350
Prepaid Expenses	25	28	30	32	35	35	41	43	45	61	73
Plant, Property, & Equipment, net	1,104	1,052	1,061	1,103	1,053	1,040	1,049	1,050	987	990	1,025
Plant, Property & Equipment, gross	-	-	-	-	-	-	-	-	-	-	2,309
Accumulated Depreciation	-	-	-	-	-	-	-	-	-	-	1,284
Total Noncurrent Assets	1,072	1,061	1,057	1,108	1,141	1,136	1,297	1,281	1,261	1,273	1,288
Goodwill	781	779	779	812	807	809	908	915	914	914	916
Intangible Assets	213	204	197	214	203	196	252	242	231	218	209
Noncurrent Deferred & Refundable Income Taxes	31	27	26	26	23	25	23	24	16	15	15
Other Noncurrent Operating Assets	48	50	56	55	107	107	115	100	100	127	149
Total Liabilities & Shareholders' Equity	2,980	2,863	2,970	3,087	3,113	3,209	3,374	3,402	3,347	3,394	3,469
Total Liabilities	2,042	1,833	1,691	1,702	1,678	1,711	1,795	1,788	1,660	1,611	1,719
Total Current Liabilities	319	296	310	382	399	296	420	503	457	398	555
Short-Term Debt	9.60	13	10	109	103	1.00	81	134	103	12	6.70
Accounts Payable	152	145	179	169	163	148	196	194	189	186	188
Other Current Liabilities	75	55	57	55	77	78	85	110	92	106	361
Total Noncurrent Liabilities	1,724	1,537	1,381	1,320	1,280	1,415	1,375	1,286	1,203	1,213	1,164
Long-Term Debt	1,255	1,070	960	908	824	933	936	928	911	960	955
Noncurrent Deferred & Payable Income Tax Liabilities	252	239	159	197	181	164	188	180	139	131	91
Noncurrent Employee Benefit Liabilities	142	147	155	124	149	179	114	64	52	21	20
Other Noncurrent Operating Liabilities	75	81	107	91	126	139	136	114	101	102	99
Commitments & Contingencies	-	-	-	-	-	-	-	-	-	-	0.00
Total Equity & Noncontrolling Interests	938	1,031	1,279	1,385	1,435	1,499	1,580	1,613	1,687	1,783	1,750
Total Preferred & Common Equity	911	1,007	1,252	1,354	1,403	1,461	1,539	1,580	1,652	1,747	1,713
Total Common Equity	911	1,007	1,252	1,354	1,403	1,461	1,539	1,580	1,652	1,747	1,713
Common Stock	392	405	428	437	447	458	479	493	506	529	540
Retained Earnings	1,293	1,419	1,607	1,769	1,906	2,011	2,169	2,285	2,361	2,515	2,482
Treasury Stock	-594	-596	-597	-619	-660	-700	-775	-	-	-909	-968
Accumulated Other Comprehensive Income / (Loss)	-181	-221	-186	-234	-290	-308	-334	-367	-369	-387	-340
Noncontrolling Interest	27	24	27	32	32	38	40	34	35	36	36

This table presents Minerals Technologies' 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	10/2/2022	4/2/2023	7/2/2023	10/1/2023	3/31/2024	6/30/2024	9/29/2024	3/30/2025	6/29/2025	9/28/2025	4/5/2026
Total Assets	3,387	3,451	3,408	3,345	3,339	3,346	3,394	3,401	3,455	3,459	3,465
Total Current Assets	1,074	1,115	1,080	1,094	1,101	1,114	1,141	1,136	1,173	1,173	1,156
Cash & Equivalents	224	250	247	268	316	311	317	307	314	320	316
Short-Term Investments	2.30	6.20	8.30	9.80	4.40	5.80	7.40	5.60	6.10	8.70	5.40
Accounts Receivable	431	421	420	418	396	405	413	406	426	413	413
Inventories, net	345	370	355	338	326	333	342	353	360	364	358
Prepaid Expenses	72	68	50	60	59	59	62	66	67	68	64
Plant, Property, & Equipment, net	1,038	1,058	1,051	978	977	974	994	992	1,006	1,013	1,027
Plant, Property & Equipment, gross	2,252	2,293	2,294	2,147	2,185	2,192	2,251	2,262	2,300	2,307	2,317
Accumulated Depreciation	1,213	1,236	1,243	1,169	1,208	1,219	1,257	1,270	1,293	1,294	1,291
Total Noncurrent Assets	1,276	1,278	1,278	1,273	1,261	1,258	1,260	1,273	1,276	1,273	1,283
Goodwill	912	915	914	914	913	913	914	915	916	916	916
Intangible Assets	244	239	236	232	228	225	222	216	214	212	206
Noncurrent Deferred & Refundable Income Taxes	22	25	25	24	15	17	18	15	16	16	16
Other Noncurrent Operating Assets	98	99	103	103	105	104	105	128	130	129	146
Total Liabilities & Shareholders' Equity	3,387	3,451	3,408	3,345	3,339	3,346	3,394	3,401	3,455	3,459	3,465
Total Liabilities	1,852	1,793	1,747	1,722	1,643	1,649	1,649	1,766	1,767	1,749	1,704
Total Current Liabilities	494	513	472	474	442	454	464	600	603	592	543
Short-Term Debt	119	133	122	124	97	94	88	26	24	20	12
Accounts Payable	210	226	204	185	195	184	190	190	198	197	200
Other Current Liabilities	164	154	146	165	150	176	186	384	381	375	332
Total Noncurrent Liabilities	1,358	1,280	1,275	1,249	1,201	1,195	1,185	1,167	1,164	1,158	1,160
Long-Term Debt	945	925	921	918	904	898	895	960	959	958	954
Noncurrent Deferred & Payable Income Tax Liabilities	195	179	177	164	143	147	137	88	88	87	91
Noncurrent Employee Benefit Liabilities	102	63	63	59	50	48	43	19	17	14	17
Other Noncurrent Operating Liabilities	117	113	113	108	104	103	110	99	100	98	99
Commitments & Contingencies	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,536	1,658	1,662	1,623	1,696	1,698	1,745	1,635	1,688	1,710	1,762
Total Preferred & Common Equity	1,502	1,623	1,627	1,589	1,661	1,663	1,706	1,598	1,654	1,675	1,728
Total Common Equity	1,502	1,623	1,627	1,589	1,661	1,663	1,706	1,598	1,654	1,675	1,728
Common Stock	488	493	496	498	509	522	526	529	532	535	541
Retained Earnings	2,266	2,320	2,345	2,324	2,404	2,421	2,464	2,367	2,409	2,449	2,514
Accumulated Other Comprehensive Income / (Loss)	-421	-359	-383	-402	-391	-400	-381	-377	-347	-352	-354
Other Equity Adjustments	-	-	-	-	-	-	-	-	-	-	-974
Noncontrolling Interest	34	35	35	34	35	35	39	37	34	34	33

This table displays calculated financial ratios and metrics derived from Minerals Technologies' 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	4.21%	-8.88%	2.30%	7.87%	-0.92%	-10.95%	16.52%	14.38%	2.09%	-2.37%	-2.17%
EBITDA Growth	17.72%	5.98%	2.53%	7.51%	-13.87%	-8.08%	22.60%	-10.69%	-14.80%	43.00%	-65.14%
EBIT Growth	16.06%	13.48%	4.27%	6.70%	-19.80%	-12.12%	35.93%	-13.36%	-19.57%	68.84%	-85.63%
NOPAT Growth	31.08%	7.01%	42.46%	-15.85%	-16.13%	-13.32%	24.81%	-11.53%	-21.55%	57.01%	-84.23%
Net Income Growth	16.86%	22.85%	45.15%	-12.96%	-21.25%	-15.10%	45.51%	-25.04%	-30.09%	93.54%	-108.19%
EPS Growth	16.23%	23.05%	44.59%	-13.32%	-20.42%	-12.96%	47.72%	-23.25%	-30.83%	100.39%	-111.41%
Operating Cash Flow Growth	-13.13%	-16.63%	-7.77%	-1.93%	17.04%	0.97%	-3.41%	-54.52%	121.00%	1.20%	-18.06%
Free Cash Flow Firm Growth	118.05%	-16.42%	-36.88%	-59.23%	329.33%	-14.44%	-117.85%	205.94%	340.30%	-2.38%	-58.52%
Invested Capital Growth	-4.98%	-2.41%	5.77%	7.62%	-3.20%	-2.73%	11.21%	5.70%	-1.77%	1.58%	-1.59%
Revenue Q/Q Growth	-4.57%	-1.72%	1.88%	0.85%	-0.41%	-0.52%	2.49%	1.46%	0.79%	-0.30%	0.07%
EBITDA Q/Q Growth	-2.58%	14.54%	-2.32%	8.69%	-1.57%	5.71%	7.39%	-3.52%	11.20%	6.15%	-16.11%
EBIT Q/Q Growth	-6.78%	14.82%	-5.64%	6.79%	-7.22%	1.91%	4.77%	-8.43%	16.63%	7.64%	-37.50%
NOPAT Q/Q Growth	3.45%	5.86%	25.41%	-16.90%	-8.21%	3.42%	-0.88%	-5.33%	18.76%	5.38%	255.60%
Net Income Q/Q Growth	-3.63%	16.78%	24.53%	-15.88%	-9.49%	2.03%	6.38%	-14.14%	28.16%	8.92%	-736.36%
EPS Q/Q Growth	-4.64%	0.00%	0.00%	0.00%	-8.92%	2.49%	7.05%	-14.06%	29.00%	9.77%	-1,866.67%
Operating Cash Flow Q/Q Growth	-14.20%	-6.01%	-1.84%	6.93%	4.20%	5.43%	-8.97%	-20.47%	29.49%	-9.53%	-3.05%
Free Cash Flow Firm Q/Q Growth	-24.34%	-3.84%	-19.17%	-1.81%	16.31%	-0.14%	-230.11%	-48.47%	76.77%	-5.29%	211.98%
Invested Capital Q/Q Growth	-2.97%	-2.11%	2.18%	0.05%	-2.29%	-2.10%	0.93%	2.08%	-0.26%	0.59%	0.84%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	26.20%	28.11%	27.88%	25.53%	24.60%	25.42%	24.03%	21.88%	23.37%	25.85%	24.99%
EBITDA Margin	17.03%	19.81%	19.85%	19.79%	17.20%	17.76%	18.68%	14.59%	12.18%	17.83%	6.35%
Operating Margin	11.14%	13.67%	14.58%	14.16%	11.65%	11.78%	12.68%	10.11%	7.92%	13.52%	2.29%
EBIT Margin	11.01%	13.72%	13.98%	13.83%	11.19%	11.05%	12.89%	9.76%	7.69%	13.30%	1.95%
Profit (Net Income) Margin	6.21%	8.37%	11.88%	9.58%	7.62%	7.26%	9.07%	5.94%	4.07%	8.07%	-0.68%
Tax Burden Percent	84.16%	80.51%	104.24%	84.86%	86.71%	83.91%	83.29%	80.60%	81.99%	76.43%	100.00%
Interest Burden Percent	66.97%	75.79%	81.48%	81.64%	78.45%	78.32%	84.47%	75.52%	64.53%	79.35%	-34.57%
Effective Tax Rate	17.19%	20.73%	-3.46%	16.85%	14.49%	17.68%	18.09%	20.49%	22.01%	26.57%	0.00%
Return on Invested Capital (ROIC)	8.20%	9.12%	12.78%	10.08%	8.28%	7.40%	8.87%	7.25%	5.58%	8.77%	1.38%
ROIC Less NNEP Spread (ROIC-NNEP)	3.31%	4.92%	6.24%	5.00%	2.63%	1.16%	5.02%	1.40%	-0.50%	2.82%	-6.09%
Return on Net Nonoperating Assets (RNNOA)	4.02%	4.81%	4.45%	2.92%	1.39%	0.49%	2.08%	0.67%	-0.23%	1.08%	-2.18%
Return on Equity (ROE)	12.22%	13.93%	17.23%	13.00%	9.67%	7.90%	10.95%	7.91%	5.35%	9.85%	-0.79%
Cash Return on Invested Capital (CROIC)	13.31%	11.55%	7.17%	2.74%	11.53%	10.17%	-1.74%	1.71%	7.37%	7.20%	2.99%
Operating Return on Assets (OROA)	6.45%	7.69%	8.03%	8.25%	6.47%	5.57%	7.28%	6.12%	4.95%	8.36%	1.18%
Return on Assets (ROA)	3.64%	4.69%	6.82%	5.72%	4.40%	3.66%	5.12%	3.73%	2.62%	5.07%	-0.41%
Return on Common Equity (ROCE)	11.86%	13.56%	16.84%	12.71%	9.46%	7.71%	10.67%	7.73%	5.24%	9.65%	-0.78%
Return on Equity Simple (ROE_SIMPLE)	12.26%	13.62%	15.90%	12.80%	9.72%	7.93%	10.95%	8.00%	5.35%	9.78%	0.00%
Net Operating Profit after Tax (NOPAT)	166	177	253	213	178	155	193	171	134	210	33
NOPAT Margin	9.23%	10.84%	15.09%	11.77%	9.96%	9.70%	10.39%	8.04%	6.18%	9.93%	1.60%
Net Nonoperating Expense Percent (NNEP)	4.89%	4.20%	6.54%	5.08%	5.65%	6.24%	3.85%	5.85%	6.08%	5.95%	7.47%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	6.38%	4.96%	7.64%	1.22%
Cost of Revenue to Revenue	73.80%	71.89%	72.12%	74.47%	75.40%	74.58%	75.97%	78.12%	76.63%	75.56%	75.01%
SG&A Expenses to Revenue	10.58%	10.77%	10.78%	9.88%	10.47%	11.07%	10.02%	9.04%	9.49%	9.87%	10.04%
R&D to Revenue	1.31%	1.45%	1.41%	1.26%	1.13%	1.25%	1.05%	0.96%	0.98%	1.09%	1.10%
Operating Expenses to Revenue	15.06%	14.44%	13.30%	11.37%	12.95%	13.64%	11.34%	11.77%	15.45%	10.91%	22.71%
Earnings before Interest and Taxes (EBIT)	198	225	234	250	201	176	240	208	167	282	41
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	306	325	333	358	308	283	347	310	264	378	132
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.70	2.61	1.90	1.31	1.41	1.43	1.56	1.23	1.40	1.39	1.11
Price to Tangible Book Value (P/TBV)	0.00	112.19	8.61	5.42	5.03	4.56	6.33	4.61	4.54	3.95	3.24
Price to Revenue (P/Rev)	0.86	1.60	1.42	0.98	1.10	1.31	1.30	0.92	1.06	1.15	0.92
Price to Earnings (P/E)	14.32	19.68	12.18	10.48	14.87	18.52	14.64	15.94	27.41	14.52	0.00
Dividend Yield	0.45%	0.27%	0.30%	0.40%	0.44%	0.33%	0.28%	0.33%	0.35%	0.54%	0.74%
Earnings Yield	6.98%	5.08%	8.21%	9.54%	6.73%	5.40%	6.83%	6.27%	3.65%	6.89%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.32	1.84	1.55	1.19	1.27	1.30	1.38	1.15	1.27	1.28	1.08
Enterprise Value to Revenue (EV/Rev)	1.45	2.16	1.88	1.44	1.50	1.68	1.70	1.31	1.40	1.46	1.24
Enterprise Value to EBITDA (EV/EBITDA)	8.51	10.92	9.49	7.29	8.73	9.47	9.10	9.00	11.48	8.20	19.55
Enterprise Value to EBIT (EV/EBIT)	13.16	15.76	13.48	10.43	13.41	15.22	13.20	13.45	18.17	10.99	63.57
Enterprise Value to NOPAT (EV/NOPAT)	15.71	19.96	12.49	12.25	15.07	17.34	16.37	16.34	22.63	14.72	77.60
Enterprise Value to Operating Cash Flow (EV/OCF)	9.65	15.74	15.21	12.80	11.29	11.15	13.60	26.41	12.98	13.10	13.29
Enterprise Value to Free Cash Flow (EV/FCFF)	9.68	15.75	22.25	45.05	10.82	12.62	0.00	69.44	17.13	17.92	35.92
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.35	1.05	0.76	0.73	0.65	0.62	0.64	0.66	0.60	0.54	0.55
Long-Term Debt to Equity	1.34	1.04	0.75	0.66	0.57	0.62	0.59	0.58	0.54	0.54	0.55
Financial Leverage	1.21	0.98	0.71	0.59	0.53	0.43	0.41	0.48	0.46	0.38	0.36
Leverage Ratio	3.36	2.97	2.53	2.27	2.20	2.16	2.14	2.12	2.05	1.94	1.94
Compound Leverage Factor	2.25	2.25	2.06	1.86	1.72	1.69	1.81	1.60	1.32	1.54	-0.67
Debt to Total Capital	57.43%	51.23%	43.13%	42.32%	39.27%	38.40%	39.17%	39.70%	37.56%	35.26%	35.47%
Short-Term Debt to Total Capital	0.44%	0.61%	0.45%	4.52%	4.37%	0.04%	3.11%	5.02%	3.83%	0.42%	0.25%
Long-Term Debt to Total Capital	56.99%	50.62%	42.68%	37.80%	34.90%	38.36%	36.06%	34.69%	33.73%	34.84%	35.22%
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	1.23%	1.15%	1.22%	1.32%	1.35%	1.56%	1.55%	1.26%	1.28%	1.31%	1.34%
Common Equity to Total Capital	41.34%	47.62%	55.66%	56.36%	59.38%	60.04%	59.28%	59.04%	61.16%	63.43%	63.19%
Debt to EBITDA	4.13	3.34	2.92	2.84	3.01	3.30	2.93	3.43	3.84	2.57	7.30
Net Debt to EBITDA	3.37	2.75	2.27	2.25	2.22	1.99	2.05	2.61	2.62	1.68	4.78
Long-Term Debt to EBITDA	4.10	3.30	2.88	2.54	2.68	3.30	2.70	2.99	3.45	2.54	7.25
Debt to NOPAT	7.63	6.10	3.84	4.78	5.20	6.04	5.27	6.22	7.57	4.62	28.98
Net Debt to NOPAT	6.23	5.03	2.99	3.78	3.84	3.64	3.69	4.74	5.17	3.01	18.96
Long-Term Debt to NOPAT	7.57	6.03	3.80	4.27	4.62	6.03	4.85	5.43	6.80	4.56	28.78
Altman Z-Score	2.08	2.58	2.64	2.47	2.55	2.56	2.71	2.62	2.86	3.10	2.51
Noncontrolling Interest Sharing Ratio	2.91%	2.62%	2.24%	2.22%	2.26%	2.38%	2.54%	2.31%	2.07%	2.04%	2.05%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.52	2.54	2.75	2.29	2.31	3.49	2.45	2.13	2.40	2.84	2.08
Quick Ratio	1.82	1.80	1.93	1.57	1.55	2.50	1.60	1.31	1.58	1.82	1.32
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	269	225	142	58	248	213	-38	40	177	173	72
Operating Cash Flow to CapEx	333.33%	369.02%	275.70%	271.47%	366.62%	363.99%	272.45%	130.01%	250.38%	306.22%	193.12%
Free Cash Flow to Firm to Interest Expense	4.11	4.13	3.27	1.26	5.75	5.56	-1.02	5.83	0.00	95.99	0.00
Operating Cash Flow to Interest Expense	4.13	4.14	4.78	4.44	5.52	6.30	6.25	15.32	0.00	131.33	0.00
Operating Cash Flow Less CapEx to Interest Expense	2.89	3.02	3.05	2.80	4.01	4.57	3.95	3.54	0.00	88.44	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.59	0.56	0.57	0.60	0.58	0.50	0.56	0.63	0.64	0.63	0.60
Accounts Receivable Turnover	4.72	4.75	4.63	4.69	4.69	4.28	5.04	5.51	5.40	5.40	5.28
Inventory Turnover	6.52	6.17	5.95	5.87	5.48	4.74	5.17	5.14	4.93	4.80	4.49
Fixed Asset Turnover	1.57	1.52	1.59	1.67	1.66	1.52	1.78	2.02	2.13	2.14	2.06
Accounts Payable Turnover	8.22	7.92	7.46	7.73	8.12	7.63	8.20	8.52	8.69	8.56	8.33
Days Sales Outstanding (DSO)	77.29	76.88	78.88	77.77	77.80	85.28	72.36	66.27	67.54	67.56	69.15
Days Inventory Outstanding (DIO)	55.95	59.17	61.34	62.16	66.56	76.95	70.57	71.05	74.00	76.10	81.27
Days Payable Outstanding (DPO)	44.41	46.07	48.91	47.19	44.94	47.83	44.52	42.85	41.98	42.66	43.83
Cash Conversion Cycle (CCC)	88.83	89.97	91.31	92.74	99.42	114.40	98.41	94.47	99.56	101.00	106.59
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,971	1,923	2,034	2,189	2,119	2,061	2,292	2,423	2,380	2,417	2,379
Invested Capital Turnover	0.89	0.84	0.85	0.86	0.83	0.76	0.85	0.90	0.90	0.88	0.86
Increase / (Decrease) in Invested Capital	-103	-47	111	155	-70	-58	231	131	-43	38	-39
Enterprise Value (EV)	2,605	3,542	3,158	2,607	2,689	2,682	3,160	2,791	3,032	3,097	2,575
Market Capitalization	1,545	2,625	2,375	1,771	1,973	2,082	2,408	1,948	2,305	2,427	1,909
Book Value per Share	$26.20	$28.81	$35.39	$38.38	$40.24	$42.97	$46.23	$48.67	$50.76	$54.78	$54.57
Tangible Book Value per Share	($2.40)	$0.67	$7.80	$9.27	$11.26	$13.43	$11.42	$13.03	$15.59	$19.29	$18.75
Total Capital	2,203	2,114	2,249	2,402	2,362	2,433	2,597	2,676	2,701	2,754	2,711
Total Debt	1,265	1,083	970	1,016	928	934	1,017	1,062	1,015	971	962
Total Long-Term Debt	1,255	1,070	960	908	824	933	936	928	911	960	955
Net Debt	1,033	892	755	804	684	562	713	810	693	634	629
Capital Expenditures (CapEx)	81	61	75	75	65	66	85	81	93	77	100
Debt-free, Cash-free Net Working Capital (DFCFNWC)	263	278	337	390	381	367	385	449	424	408	274
Debt-free Net Working Capital (DFNWC)	495	469	552	603	624	739	690	702	745	745	607
Net Working Capital (NWC)	485	456	542	494	521	738	609	568	642	733	600
Net Nonoperating Expense (NNE)	54	40	54	40	42	39	25	44	46	39	47
Net Nonoperating Obligations (NNO)	1,033	892	755	804	684	562	713	810	693	634	629
Total Depreciation and Amortization (D&A)	108	100	98	108	108	107	108	103	97	96	91
Debt-free, Cash-free Net Working Capital to Revenue	14.61%	16.97%	20.13%	21.59%	21.26%	23.01%	20.72%	21.14%	19.52%	19.25%	13.23%
Debt-free Net Working Capital to Revenue	27.51%	28.60%	32.96%	33.35%	34.84%	46.33%	37.10%	33.03%	34.34%	35.16%	29.28%
Net Working Capital to Revenue	26.98%	27.81%	32.36%	27.35%	29.07%	46.26%	32.76%	26.72%	29.57%	34.61%	28.96%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.11	$3.82	$5.54	$4.79	$3.79	$3.29	$4.89	$3.74	$2.59	$5.21	($0.59)
Adjusted Weighted Average Basic Shares Outstanding	34.70M	34.90M	35.20M	35.30M	35M	34.20M	33.60M	32.70M	32.50M	32.10M	31.40M
Adjusted Diluted Earnings per Share	$3.08	$3.79	$5.48	$4.75	$3.78	$3.29	$4.86	$3.73	$2.58	$5.17	($0.59)
Adjusted Weighted Average Diluted Shares Outstanding	35M	35.20M	35.60M	35.60M	35.10M	34.20M	33.80M	32.80M	32.60M	32.30M	31.40M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$3.79	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	34.87M	35.04M	35.43M	35.23M	34.47M	33.85M	33.14M	32.54M	32.36M	31.90M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	213	206	184	216	199	172	197	201	218	210	201
Normalized NOPAT Margin	11.85%	12.59%	10.98%	11.96%	11.11%	10.79%	10.61%	9.45%	10.06%	9.90%	9.70%
Pre Tax Income Margin	7.38%	10.40%	11.39%	11.29%	8.78%	8.65%	10.89%	7.37%	4.96%	10.55%	-0.68%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.03	4.13	5.40	5.45	4.64	4.61	6.44	30.07	0.00	156.56	0.00
NOPAT to Interest Expense	2.54	3.26	5.83	4.64	4.13	4.05	5.19	24.75	0.00	116.88	0.00
EBIT Less CapEx to Interest Expense	1.79	3.01	3.66	3.81	3.14	2.88	4.15	18.29	0.00	113.67	0.00
NOPAT Less CapEx to Interest Expense	1.30	2.14	4.09	3.00	2.63	2.32	2.90	12.97	0.00	73.99	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	7.26%	8.68%	4.72%	5.14%	8.21%	6.48%	5.10%	11.24%	11.89%	8.31%	-130.71%
Augmented Payout Ratio	7.26%	10.58%	5.08%	17.67%	38.27%	41.62%	49.44%	55.58%	27.97%	45.52%	-548.57%

This table displays calculated financial ratios and metrics derived from Minerals Technologies' 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	10/1/2023	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/31/2024	3/30/2025	6/29/2025	9/28/2025	12/31/2025	4/5/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	31,376,116.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	31,376,116.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1.15
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1.09%	3.35%	-2.12%	-1.87%	-4.22%	-1.22%	-7.99%	-2.27%	1.47%	0.27%	11.20%
EBITDA Growth	-70.84%	38.57%	15.07%	2.08%	468.24%	23.83%	-240.71%	28.84%	-3.93%	-23.40%	160.68%
EBIT Growth	-120.86%	59.50%	21.16%	2.06%	1,106.85%	31.35%	-316.13%	46.87%	-4.22%	-29.00%	136.52%
NOPAT Growth	-119.11%	61.47%	17.66%	-28.56%	1,166.23%	19.05%	-293.87%	105.33%	-8.43%	-23.64%	141.08%
Net Income Growth	-223.97%	91.08%	24.93%	-24.28%	363.54%	34.40%	-400.42%	121.53%	-7.34%	-29.62%	126.08%
EPS Growth	-243.90%	92.06%	26.32%	-25.61%	345.76%	38.02%	-413.19%	136.07%	-5.52%	-33.53%	125.94%
Operating Cash Flow Growth	94.41%	126.37%	65.88%	10.11%	1.52%	-26.13%	-107.87%	25.55%	18.17%	-8.66%	829.55%
Free Cash Flow Firm Growth	75.18%	200.10%	363.59%	628.67%	329.09%	-72.34%	-131.17%	-24.99%	135.35%	226.51%	-17.34%
Invested Capital Growth	0.54%	-1.77%	-3.36%	-3.12%	0.72%	1.58%	-2.87%	-0.89%	-1.84%	-1.59%	4.22%
Revenue Q/Q Growth	-0.67%	-4.25%	1.91%	1.25%	-3.05%	-1.26%	-5.08%	7.54%	0.66%	-2.42%	5.27%
EBITDA Q/Q Growth	-76.39%	413.53%	12.83%	-25.38%	31.43%	11.90%	-228.21%	168.33%	-2.01%	-10.78%	1.57%
EBIT Q/Q Growth	-115.05%	973.97%	17.55%	-34.00%	48.48%	14.01%	-293.44%	144.85%	-3.16%	-15.48%	-0.50%
NOPAT Q/Q Growth	-114.22%	1,079.29%	6.75%	-51.93%	112.20%	9.34%	-273.84%	150.91%	-5.37%	-8.82%	-6.48%
Net Income Q/Q Growth	-165.58%	324.86%	16.95%	-56.09%	128.23%	14.68%	-361.43%	132.38%	-4.54%	-12.90%	-3.12%
EPS Q/Q Growth	-171.95%	305.08%	19.01%	-57.64%	137.70%	15.17%	-370.06%	131.93%	-4.86%	-18.98%	5.41%
Operating Cash Flow Q/Q Growth	29.89%	61.25%	-41.34%	-10.38%	19.76%	17.33%	-106.25%	1,529.55%	12.72%	-9.31%	-50.08%
Free Cash Flow Firm Q/Q Growth	7.50%	632.94%	44.52%	-25.80%	-59.92%	-35.66%	-262.90%	278.56%	25.76%	-10.75%	-158.55%
Invested Capital Q/Q Growth	-2.57%	-0.26%	-0.10%	-0.20%	1.29%	0.59%	-4.48%	1.84%	0.32%	0.84%	1.16%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	24.30%	23.89%	25.43%	21.05%	25.77%	31.40%	24.32%	25.88%	25.73%	23.97%	23.97%
EBITDA Margin	3.10%	16.64%	18.43%	13.58%	18.41%	20.86%	-28.18%	17.91%	17.43%	15.94%	15.38%
Operating Margin	-1.44%	12.74%	14.07%	9.35%	14.60%	16.23%	-32.55%	14.10%	13.32%	11.93%	10.73%
EBIT Margin	-1.33%	12.16%	14.03%	9.15%	14.01%	16.17%	-32.96%	13.75%	13.22%	11.45%	10.82%
Profit (Net Income) Margin	-3.30%	7.76%	8.91%	3.86%	9.09%	10.56%	-29.08%	8.75%	8.30%	7.41%	6.82%
Tax Burden Percent	80.09%	83.74%	79.20%	60.40%	80.17%	78.82%	81.11%	78.34%	78.09%	82.62%	81.26%
Interest Burden Percent	309.59%	76.18%	80.13%	69.90%	80.95%	82.82%	108.76%	81.29%	80.40%	78.32%	77.53%
Effective Tax Rate	0.00%	18.93%	23.13%	45.09%	23.03%	23.34%	0.00%	23.52%	23.85%	20.60%	21.57%
Return on Invested Capital (ROIC)	-0.91%	9.33%	9.65%	4.57%	9.97%	10.99%	-20.19%	9.42%	8.82%	8.19%	7.60%
ROIC Less NNEP Spread (ROIC-NNEP)	-2.48%	7.54%	8.27%	3.63%	8.39%	9.52%	-24.75%	7.82%	7.32%	6.49%	6.27%
Return on Net Nonoperating Assets (RNNOA)	-1.26%	3.43%	3.66%	1.58%	3.54%	3.64%	-10.07%	3.09%	2.77%	2.32%	2.44%
Return on Equity (ROE)	-2.17%	12.76%	13.31%	6.16%	13.51%	14.63%	-30.26%	12.51%	11.59%	10.51%	10.03%
Cash Return on Invested Capital (CROIC)	4.21%	7.37%	9.31%	8.60%	7.62%	7.20%	4.44%	0.89%	0.97%	2.99%	4.62%
Operating Return on Assets (OROA)	-0.85%	7.82%	8.92%	5.82%	8.83%	10.17%	-20.30%	8.34%	7.99%	6.92%	6.71%
Return on Assets (ROA)	-2.11%	4.99%	5.66%	2.46%	5.73%	6.64%	-17.91%	5.31%	5.02%	4.48%	4.23%
Return on Common Equity (ROCE)	-2.13%	12.50%	13.03%	6.03%	13.22%	14.33%	-29.61%	12.26%	11.35%	10.30%	9.83%
Return on Equity Simple (ROE_SIMPLE)	4.34%	0.00%	5.89%	5.48%	9.20%	0.00%	-1.23%	0.34%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-5.53	54	58	28	59	64	-112	57	54	49	46
NOPAT Margin	-1.01%	10.33%	10.82%	5.13%	11.24%	12.44%	-22.79%	10.79%	10.14%	9.48%	8.42%
Net Nonoperating Expense Percent (NNEP)	1.57%	1.79%	1.38%	0.94%	1.58%	1.47%	4.56%	1.61%	1.50%	1.70%	1.33%
Return On Investment Capital (ROIC_SIMPLE)	-	2.00%	-	-	-	2.34%	-4.28%	2.14%	2.01%	1.82%	1.69%
Cost of Revenue to Revenue	75.70%	76.11%	74.57%	78.95%	74.23%	74.39%	75.68%	74.12%	74.27%	76.03%	76.03%
SG&A Expenses to Revenue	9.29%	9.72%	9.92%	9.85%	9.55%	10.19%	10.29%	9.87%	9.95%	10.05%	10.51%
R&D to Revenue	0.95%	0.97%	1.05%	1.07%	1.12%	1.10%	1.18%	1.08%	1.05%	1.12%	1.12%
Operating Expenses to Revenue	25.74%	11.15%	11.36%	11.70%	11.17%	9.38%	56.87%	11.78%	12.42%	12.03%	13.24%
Earnings before Interest and Taxes (EBIT)	-7.30	64	75	50	74	84	-162	73	70	60	59
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	17	87	99	74	97	108	-139	95	93	83	84
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.12	1.40	1.47	1.61	1.43	1.39	1.27	1.07	1.16	1.11	0.00
Price to Tangible Book Value (P/TBV)	4.00	4.54	4.70	5.10	4.27	3.95	4.34	3.36	3.56	3.24	0.00
Price to Revenue (P/Rev)	0.82	1.06	1.13	1.25	1.15	1.15	0.98	0.85	0.94	0.92	0.00
Price to Earnings (P/E)	27.60	27.41	26.05	30.82	15.93	14.52	0.00	838.79	0.00	0.00	0.00
Dividend Yield	0.37%	0.35%	0.40%	0.42%	0.53%	0.54%	0.66%	0.77%	0.71%	0.74%	0.66%
Earnings Yield	3.62%	3.65%	3.84%	3.24%	6.28%	6.89%	0.00%	0.12%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.08	1.27	1.33	1.43	1.30	1.28	1.19	1.05	1.12	1.08	0.00
Enterprise Value to Revenue (EV/Rev)	1.19	1.40	1.46	1.58	1.47	1.46	1.32	1.19	1.27	1.24	0.00
Enterprise Value to EBITDA (EV/EBITDA)	10.81	11.48	11.50	12.26	8.80	8.20	19.63	15.29	16.78	19.55	0.00
Enterprise Value to EBIT (EV/EBIT)	17.95	18.17	17.56	18.72	11.96	10.99	61.29	36.21	40.66	63.57	0.00
Enterprise Value to NOPAT (EV/NOPAT)	22.77	22.63	22.18	25.90	15.69	14.72	76.45	0.00	0.00	77.60	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	14.24	12.98	12.35	13.01	11.99	13.10	15.56	13.02	13.19	13.29	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	25.65	17.13	14.04	16.35	17.17	17.92	26.31	116.53	114.68	35.92	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.64	0.60	0.59	0.58	0.56	0.54	0.60	0.58	0.57	0.55	0.55
Long-Term Debt to Equity	0.57	0.54	0.53	0.53	0.51	0.54	0.59	0.57	0.56	0.55	0.54
Financial Leverage	0.51	0.46	0.44	0.44	0.42	0.38	0.41	0.40	0.38	0.36	0.39
Leverage Ratio	2.13	2.05	2.02	2.01	2.00	1.94	2.02	2.01	1.98	1.94	2.02
Compound Leverage Factor	6.60	1.56	1.62	1.41	1.62	1.61	2.20	1.63	1.60	1.52	1.57
Debt to Total Capital	39.10%	37.56%	37.13%	36.87%	36.03%	35.26%	37.63%	36.81%	36.38%	35.47%	35.42%
Short-Term Debt to Total Capital	4.64%	3.83%	3.60%	3.48%	3.23%	0.42%	1.00%	0.91%	0.74%	0.25%	0.45%
Long-Term Debt to Total Capital	34.46%	33.73%	33.53%	33.39%	32.80%	34.84%	36.63%	35.90%	35.64%	35.22%	34.97%
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	1.26%	1.28%	1.29%	1.30%	1.42%	1.31%	1.40%	1.27%	1.28%	1.34%	1.22%
Common Equity to Total Capital	59.65%	61.16%	61.58%	61.83%	62.54%	63.43%	60.97%	61.92%	62.34%	63.19%	63.35%
Debt to EBITDA	4.38	3.84	3.64	3.59	2.76	2.57	7.07	6.12	6.23	7.30	2.73
Net Debt to EBITDA	3.21	2.62	2.48	2.44	1.85	1.68	4.83	4.13	4.14	4.78	1.82
Long-Term Debt to EBITDA	3.86	3.45	3.29	3.25	2.51	2.54	6.88	5.96	6.10	7.25	2.69
Debt to NOPAT	9.23	7.57	7.03	7.58	4.92	4.62	27.52	0.00	-45.85	28.98	4.69
Net Debt to NOPAT	6.77	5.17	4.78	5.16	3.30	3.01	18.81	0.00	-30.45	18.96	3.13
Long-Term Debt to NOPAT	8.14	6.80	6.35	6.86	4.48	4.56	26.79	0.00	-44.92	28.78	4.63
Altman Z-Score	2.45	2.76	2.86	2.92	2.84	2.91	2.31	2.44	2.53	2.53	0.00
Noncontrolling Interest Sharing Ratio	2.12%	2.07%	2.09%	2.08%	2.15%	2.04%	2.14%	2.04%	2.12%	2.05%	2.06%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.31	2.40	2.49	2.46	2.46	2.84	1.89	1.95	1.98	2.08	2.13
Quick Ratio	1.47	1.58	1.62	1.59	1.59	1.82	1.20	1.24	1.25	1.32	1.35
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-18	97	140	104	42	27	-44	78	98	88	-51
Operating Cash Flow to CapEx	235.46%	423.56%	338.79%	248.02%	242.92%	445.57%	-24.04%	216.15%	259.71%	198.46%	138.96%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	9.42	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	3.75	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	2.64	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.64	0.64	0.64	0.64	0.63	0.63	0.62	0.61	0.60	0.60	0.62
Accounts Receivable Turnover	5.07	5.40	5.28	5.21	5.12	5.40	5.18	4.97	5.02	5.28	5.20
Inventory Turnover	4.91	4.93	4.70	4.77	4.75	4.80	4.64	4.53	4.46	4.49	4.50
Fixed Asset Turnover	2.14	2.13	2.12	2.12	2.16	2.14	2.11	2.08	2.06	2.06	2.11
Accounts Payable Turnover	8.48	8.69	7.78	8.44	8.62	8.56	8.19	8.21	8.15	8.33	8.20
Days Sales Outstanding (DSO)	71.96	67.54	69.12	70.09	71.35	67.56	70.53	73.50	72.77	69.15	70.21
Days Inventory Outstanding (DIO)	74.39	74.00	77.65	76.54	76.83	76.10	78.65	80.56	81.79	81.27	81.12
Days Payable Outstanding (DPO)	43.07	41.98	46.90	43.26	42.34	42.66	44.58	44.48	44.81	43.83	44.49
Cash Conversion Cycle (CCC)	103.28	99.56	99.87	103.36	105.84	101.00	104.60	109.57	109.76	106.59	106.85
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,386	2,380	2,377	2,373	2,403	2,417	2,309	2,351	2,359	2,379	2,406
Invested Capital Turnover	0.90	0.90	0.89	0.89	0.89	0.88	0.89	0.87	0.87	0.86	0.90
Increase / (Decrease) in Invested Capital	13	-43	-83	-76	17	38	-68	-21	-44	-39	97
Enterprise Value (EV)	2,569	3,032	3,160	3,388	3,132	3,097	2,740	2,459	2,635	2,575	0.00
Market Capitalization	1,772	2,305	2,444	2,678	2,435	2,427	2,029	1,761	1,951	1,909	0.00
Book Value per Share	$48.83	$50.76	$51.43	$51.56	$53.03	$54.78	$50.10	$52.12	$53.39	$54.57	$55.75
Tangible Book Value per Share	$13.62	$15.59	$16.11	$16.28	$17.71	$19.29	$14.67	$16.50	$17.45	$18.75	$19.58
Total Capital	2,664	2,701	2,697	2,689	2,728	2,754	2,621	2,671	2,687	2,711	2,728
Total Debt	1,042	1,015	1,002	991	983	971	986	983	978	962	966
Total Long-Term Debt	918	911	904	898	895	960	960	959	958	955	954
Net Debt	763	693	681	675	658	634	674	663	649	629	645
Capital Expenditures (CapEx)	25	23	17	20	25	16	18	29	27	32	23
Debt-free, Cash-free Net Working Capital (DFCFNWC)	466	424	437	438	441	408	250	274	273	274	303
Debt-free Net Working Capital (DFNWC)	744	745	757	754	765	745	563	594	602	607	624
Net Working Capital (NWC)	621	642	660	660	677	733	536	570	582	600	612
Net Nonoperating Expense (NNE)	13	13	10	6.89	11	9.77	31	11	9.79	11	8.74
Net Nonoperating Obligations (NNO)	763	693	681	675	658	634	674	663	649	629	645
Total Depreciation and Amortization (D&A)	24	24	24	24	23	24	24	22	22	23	25
Debt-free, Cash-free Net Working Capital to Revenue	21.65%	19.52%	20.22%	20.37%	20.73%	19.25%	12.06%	13.30%	13.20%	13.23%	14.24%
Debt-free Net Working Capital to Revenue	34.57%	34.34%	35.06%	35.10%	36.00%	35.16%	27.10%	28.80%	29.05%	29.28%	29.34%
Net Working Capital to Revenue	28.83%	29.57%	30.56%	30.74%	31.85%	34.61%	25.84%	27.62%	28.09%	28.96%	28.77%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.59)	$1.22	$1.45	$0.61	$1.45	$1.70	($4.51)	$1.44	$1.37	$1.11	$1.17
Adjusted Weighted Average Basic Shares Outstanding	32.50M	32.50M	32.30M	32.20M	32.10M	32.10M	31.90M	31.60M	31.30M	31.40M	31M
Adjusted Diluted Earnings per Share	($0.59)	$1.21	$1.44	$0.61	$1.45	$1.67	($4.51)	$1.44	$1.37	$1.11	$1.17
Adjusted Weighted Average Diluted Shares Outstanding	32.50M	32.60M	32.40M	32.40M	32.30M	32.30M	31.90M	31.60M	31.30M	31.40M	31M
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	32.54M	32.36M	32.25M	32.17M	31.89M	31.90M	31.73M	31.38M	0.00	0.00	31.01M
Normalized Net Operating Profit after Tax (NOPAT)	54	56	59	30	61	57	44	60	60	53	53
Normalized NOPAT Margin	9.84%	10.70%	11.12%	5.56%	11.62%	10.98%	9.00%	11.42%	11.21%	10.16%	9.68%
Pre Tax Income Margin	-4.13%	9.27%	11.24%	6.39%	11.34%	13.40%	-35.85%	11.17%	10.63%	8.97%	8.39%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	5.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	3.88	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	3.93	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	2.77	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	12.92%	11.89%	12.37%	15.48%	9.75%	8.31%	-74.11%	315.79%	818.18%	-130.71%	13.35%
Augmented Payout Ratio	12.92%	27.97%	42.23%	69.05%	55.39%	45.52%	-379.19%	1,359.65%	3,259.09%	-548.57%	44.86%

Financials Breakdown Chart

Key Financial Trends

Minerals Technologies (MTX) has shown a relatively stable top line with periodic margin improvements and solid cash flow over the last four years. Below are the 10 most relevant trends drawn from MTX's quarterly statements (income, cash flow, and balance sheet) for investors to consider.

Revenue stability with MTX typically delivering operating revenue around the mid-$500 million range per quarter, including a 2025 mid-year peak of about $532 million (Q3 2025) and roughly $520 million in Q4 2025. This suggests a steady core business over time.
Gross margin has trended higher into the mid-20% range by 2025, as evidenced by gross profits of about $99.7 million (Q4 2024) rising to about $124.5 million (Q4 2025) on similar revenue levels, indicating improving profitability on sales.
Operating cash flow remains positive across most quarters, with net cash from continuing operating activities around $63–71 million in 2025 (e.g., Q3 2025: $70.9M; Q4 2025: $64.3M), underscoring strong cash generation from core operations.
Free cash flow appears solid in several quarters, as shown by cash flow from operations exceeding capital expenditures in many periods (for example, Q3 2025 CFO about $70.9M minus PPE purchases ~ $27.3M; Q4 2025 CFO ~ $64.3M minus PPE ~ $32.4M).
Dividend per share has trended higher in 2025, with cash dividends per share at $0.11 in most quarters and rising to $0.12 in Q4 2025, signaling a modestly improving shareholder payout profile.
Debt remains moderate and relatively stable, with long-term debt hovering around $0.92–$0.96 billion across 2025 (e.g., Q3 2025: $957.8M; Q2 2025: $959.0M; Q1 2025: $960.1M), suggesting a balanced capital structure without dramatic leverage shifts.
Total assets run in the low-to-mid $3.4 billion range, and total equity sits around $1.65–$1.71 billion in 2025 quarters, indicating a stable balance sheet framework and ongoing capitalization.
Quarterly earnings can be volatile. For example, MTX posted a substantial quarterly loss in Q1 2025 (net income to common around -$144 million, EPS roughly -$4.51), while subsequent quarters recovered, highlighting sensitivity to one-time items and seasonality.
Earnings per share (EPS) have fluctuated quarter to quarter in 2025 (e.g., 2025 Q3 diluted EPS around $1.37, 2025 Q4 around $1.11, while Q1 2025 showed a large negative swing). This variability should be considered in any short-term evaluation.
Periodic cash-outflows from financing activities, including debt repayments and share repurchases, contributed to negative net cash from financing in several quarters, which may constrain liquidity if cash needs rise unexpectedly.

05/27/26 06:15 AM ETAI Generated. May Contain Errors.

Minerals Technologies Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Minerals Technologies' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Minerals Technologies' net income appears to be on a downward trend, with a most recent value of -$14 million in 2025, falling from $111.60 million in 2015. The previous period was $170.90 million in 2024. Check out Minerals Technologies' forecast to explore projected trends and price targets.

Minerals Technologies' total operating income in 2025 was $47.40 million, based on the following breakdown:

Total Gross Profit: $518 million
Total Operating Expenses: $470.60 million

Over the last 10 years, Minerals Technologies' total revenue changed from $1.80 billion in 2015 to $2.07 billion in 2025, a change of 15.3%.

Minerals Technologies' total liabilities were at $1.72 billion at the end of 2025, a 6.7% increase from 2024, and a 15.8% decrease since 2015.

In the past 10 years, Minerals Technologies' cash and equivalents has ranged from $188.50 million in 2016 to $367.70 million in 2020, and is currently $329 million as of their latest financial filing in 2025.

Over the last 10 years, Minerals Technologies' book value per share changed from 26.20 in 2015 to 54.57 in 2025, a change of 108.3%.

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

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Minerals Technologies (MTX) Financials

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Minerals Technologies (MTX) Financials

Annual Income Statements for Minerals Technologies

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Quarterly Cash Flow Statements for Minerals Technologies

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Quarterly Balance Sheets for Minerals Technologies

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Quarterly Metrics And Ratios for Minerals Technologies

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Key Financial Trends

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How has Minerals Technologies' revenue changed over the last 10 years?

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How has Minerals Technologies' book value per share changed over the last 10 years?

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