MTRN vs TECK: Materion and Teck Resources compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Teck Resources is the larger company, worth $29.6B, about 5.5 times Materion.
- Materion grew revenue faster over the last year (+42.2% vs +18.6%).
- Teck Resources keeps more of each dollar of revenue as operating profit (20.9% vs 6.0%).
- On earnings, Teck Resources is the cheaper stock (22.1x vs 70.6x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | MTRN | TECK |
|---|---|---|
| Market cap | $5.4B | $29.6B |
| Share price | $280.45 | $68.05 |
| Revenue (last fiscal year) | $1.8B | $10.8B |
| Free cash flow (last fiscal year) | — | -$359M |
| Revenue growth, last year | +42.2% | +18.6% |
| Revenue growth per year, last 5 fiscal years | +4.3% | -4.2% |
| Operating margin | 6.0% | 20.9% |
| Net margin | 4.3% | 13.0% |
| Return on equity | 9.1% | 5.6% |
| P/E (trailing) | 70.6x | 22.1x |
| Price / free cash flow | 107.3x | — |
| EV / EBITDA | 26.2x | 8.66x |
| FCF growth the price implies | — | — |
| Dividend yield | 0.21% | 0.82% |
| Debt / equity | 0.88x | 0.77x |
| Fundamental grade | C | C |
| Superinvestors holding it | 5 | 6 |
| Insider purchases, last 12 months | 0 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Materion
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $1.5B | -$13M | 5.1% |
| 2022 | $1.8B | $38M | 6.8% |
| 2023 | $1.7B | $34M | 8.2% |
| 2024 | $1.7B | $19M | 2.8% |
| 2025 | $1.8B | — | 6.1% |
Teck Resources
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $12.8B | $772M | 39.0% |
| 2022 | $17.3B | $3.6B | 40.3% |
| 2023 | $6.5B | $199M | 3.4% |
| 2024 | $9.1B | $528M | -0.10% |
| 2025 | $10.8B | -$359M | 20.9% |
Where the revenue comes from
Materion · by segments, 2025
Electronic Materials$1.0B57%
Performance Materials$676M38%
Precision Optics$101M6%
Teck Resources · by segments, 2025
Copper$6.6B62%
Zinc$4.1B38%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open MTRN in InvestinglyQuestions
Which is bigger, Materion or Teck Resources?
Teck Resources (TECK), at $29.6B against $5.4B.
Is MTRN or TECK cheaper?
By trailing P/E, Teck Resources (22.1x) is cheaper than Materion (70.6x). A lower multiple can also mean the market expects less growth.
Which grows faster, MTRN or TECK?
Materion: revenue grew +42.2% over the last year, against +18.6%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.