THE COMPANY Materion Corporation (referred to herein as the Company, our, we, or us), through its wholly owned subsidiaries, is an integrated producer of high-performance advanced engineered materials used in a variety of electrical, electronic, thermal, and structural applications with $1.8 billion in net sales in 2025. The Company was incorporated in Ohio in 1931. Our products are sold into numerous end markets, including semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and life sciences. SEGMENT INFORMATION Our businesses are organized under four reportable segments: Performance Materials, Electronic Materials, Precision Optics, and Other. Our Other reportable segment includes unallocated corporate costs. Additional information regarding our segments and business is presented below.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.8B | 1.8B | 1.7B | 1.7B | 1.8B | 1.5B |
| Net Income | 75M | 75M | 5.9M | 96M | 86M | 72M |
| EPS | $3.58 | $3.58 | $0.28 | $4.58 | $4.14 | $3.50 |
| Free Cash Flow | 50M | 50M | 19M | 34M | 38M | -13M |
| ROIC | 7.1% | 7.4% | 2.1% | 9.4% | 8.3% | 7.9% |
| Gross Margin | 17.3% | 17.3% | 19.3% | 21.0% | 19.6% | 18.8% |
| Debt/Equity | 0.51 | 0.51 | 0.55 | 0.53 | 0.57 | 0.65 |
| Dividends/Share | $0.55 | $0.56 | $0.54 | $0.52 | $0.50 | $0.48 |
| Operating Income | 110M | 110M | 47M | 136M | 120M | 77M |
| Operating Margin | 6.1% | 6.1% | 2.8% | 8.2% | 6.8% | 5.1% |
| ROE | 7.9% | 8.3% | 0.7% | 11.4% | 11.3% | 10.5% |
| Shares Outstanding | 21M | 21M | 21M | 21M | 21M | 21M |
MATERION Corp passes 3 of 9 quality checks, indicating weak fundamentals.
MATERION Corp trades at 46.2x trailing earnings, compared to its 15-year median P/E of 29.5x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 68.6x vs a median of 30.2x. The company's 5-year average ROIC is 7.0% with a gross margin of 19.2%. Total shareholder yield (dividends + buybacks) is 0.6%. At current prices, the estimated annualized return to fair value is -3.5%.
MATERION Corp (MTRN) has a current P/E ratio of 46.2, compared to its historical median P/E of 29.5. The stock is currently considered Fair based on its historical valuation range.
MATERION Corp (MTRN) has a 5-year average return on invested capital (ROIC) of 7.0%. This is below average and may indicate limited pricing power.
MATERION Corp (MTRN) has a market capitalization of $3.5B. It is classified as a mid-cap stock.
Yes, MATERION Corp (MTRN) pays a dividend with a trailing twelve-month yield of 0.33%. The company also returns capital through share buybacks, with a buyback yield of 0.23%.
Based on historical P/E analysis, MATERION Corp (MTRN) appears fair. The current P/E of 46.2 is 56% above its historical median of 29.5. The estimated fair value CAGR (P/E method) is 10.3%.
MATERION Corp (MTRN) operates in the Metal Forgings & Stampings industry, within the Industrials sector.
MATERION Corp (MTRN) reported annual revenue of $1.8 billion in its most recent fiscal year, based on SEC EDGAR filings.
MATERION Corp (MTRN) has a net profit margin of 4.2%. This is a modest margin.
MATERION Corp (MTRN) generated $50 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
MATERION Corp (MTRN) has a debt-to-equity ratio of 0.51. This indicates moderate leverage.
MATERION Corp (MTRN) reported earnings per share (EPS) of $3.58 in its most recent fiscal year.
MATERION Corp (MTRN) has a return on equity (ROE) of 8.3%. This indicates moderate shareholder returns.
MATERION Corp (MTRN) has a 5-year average gross margin of 19.2%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 17 years of financial data for MATERION Corp (MTRN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
MATERION Corp (MTRN) has a book value per share of $45.13, based on its most recent annual SEC filing.
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