Materion (MTRN) financial statements
Materion reported revenue of $1.8B in fiscal 2025, up 7.0% a year over 9 years.
Net income was $75M and the operating margin 6.1%, against 3.0% in 2016.
The diluted share count rose 3% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Materion's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $969M | $1.1B | $1.2B | $1.2B | $1.2B | $1.5B | $1.8B | $1.7B | $1.7B | $1.8B |
| Cost of revenue | $785M | $927M | $956M | $923M | $984M | $1.2B | $1.4B | $1.3B | $1.4B | $1.5B |
| Gross profit | $185M | $213M | $251M | $263M | $193M | $284M | $344M | $349M | $326M | $309M |
| Research and development | $13M | $14M | $15M | $18M | $20M | $27M | $29M | $28M | $29M | $26M |
| Selling, general and admin | $129M | $144M | $153M | $147M | $134M | $164M | $169M | $158M | $146M | $143M |
| Operating income | $29M | $40M | $62M | $71M | $8M | $77M | $120M | $136M | $47M | $110M |
| Interest expense | — | — | — | — | — | — | $22M | $31M | $35M | $31M |
| Pre-tax income | $25M | $36M | $17M | $66M | $8M | $77M | $103M | $108M | $15M | $82M |
| Income tax | -$425,000 | $25M | -$4M | $12M | -$7M | $5M | $17M | $12M | $9M | $7M |
| Net income | $26M | $11M | $21M | $53M | $15M | $72M | $86M | $96M | $6M | $75M |
| EPS (diluted) | $1.27 | $0.56 | $1.02 | $2.59 | $0.75 | $3.50 | $4.14 | $4.58 | $0.28 | $3.58 |
| Diluted shares | 20M | 20M | 21M | 21M | 21M | 21M | 21M | 21M | 21M | 21M |
| Gross margin | 19.0% | 18.7% | 20.8% | 22.2% | 16.4% | 18.8% | 19.6% | 21.0% | 19.3% | 17.3% |
| Operating margin | 3.0% | 3.5% | 5.1% | 6.0% | 0.7% | 5.1% | 6.8% | 8.2% | 2.8% | 6.1% |
| Net margin | 2.7% | 1.0% | 1.7% | 4.5% | 1.3% | 4.8% | 4.9% | 5.7% | 0.3% | 4.2% |
Balance sheet
Fiscal years, from Materion's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $31M | $42M | $71M | $125M | $26M | $14M | $13M | $13M | $17M | $14M |
| Receivables | $101M | $124M | $131M | $155M | $166M | $214M | $215M | $193M | $194M | $223M |
| Inventory | $201M | $220M | $215M | $236M | $251M | $361M | $423M | $442M | $441M | $461M |
| Total current assets | $345M | $411M | $439M | $538M | $464M | $627M | $690M | $709M | $724M | $790M |
| Property, plant and equipment | $253M | $256M | $251M | $232M | $310M | $409M | $449M | $515M | $511M | $535M |
| Goodwill | $87M | $91M | $91M | $79M | $145M | $319M | $319M | $321M | $264M | $281M |
| Total assets | $741M | $791M | $843M | $898M | $1.1B | $1.6B | $1.7B | $1.8B | $1.7B | $1.8B |
| Total current liabilities | $90M | $127M | $140M | $122M | $127M | $205M | $239M | $255M | $227M | $254M |
| Long-term debt | $4M | $3M | $2M | $1M | $37M | $434M | $411M | $388M | $408M | $436M |
| Total liabilities | $247M | $264M | $214M | $253M | $402M | $887M | $892M | $878M | $829M | $860M |
| Shareholders' equity | $494M | $527M | $586M | $646M | $656M | $720M | $800M | $885M | $869M | $943M |
| Net debt | -$27M | -$38M | -$68M | -$123M | $13M | $435M | $419M | $413M | $425M | $445M |
Cash flow
Fiscal years, from Materion's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $68M | $68M | $76M | $99M | $101M | $90M | $116M | $144M | $88M | $103M |
| Capital spending | $27M | $28M | $28M | $24M | $67M | $103M | $78M | $111M | $69M | — |
| Free cash flow | $41M | $40M | $49M | $75M | $34M | -$13M | $38M | $34M | $19M | — |
| Stock-based compensation | $3M | $5M | $5M | $7M | $6M | $7M | $9M | $10M | $11M | $11M |
| Dividends paid | $7M | $8M | $8M | $9M | $9M | $10M | $10M | $11M | $11M | $12M |
| Share buybacks (net) | -$4M | -$1M | -$422,000 | -$199,000 | -$7M | $0 | $0 | $0 | $0 | -$8M |
| Net borrowing | -$9M | -$797,000 | -$777,000 | -$823,000 | $13M | $298M | -$19M | -$15M | -$30M | -$18M |
| Free cash flow margin | 4.2% | 3.5% | 4.0% | 6.3% | 2.9% | -0.8% | 2.2% | 2.0% | 1.1% | — |
| Dividends per share | $0.37 | $0.39 | $0.41 | $0.43 | $0.45 | $0.47 | $0.49 | $0.51 | $0.53 | $0.55 |
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What was Materion's revenue in 2025?
$1.8B in fiscal 2025, from its 10-K filing.
From Materion's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.