MTX (MTX) financial statements
MTX reported revenue of $2.1B in fiscal 2025, up 2.6% a year over 9 years.
Net income was -$18M and the operating margin 2.3%, against 13.7% in 2016.
Free cash flow was $87M, and the company returned $14M in dividends and $58M in net buybacks.
The diluted share count fell 11% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from MTX's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.6B | $1.7B | $1.8B | $1.8B | $1.6B | $1.9B | $2.1B | $2.2B | $2.1B | $2.1B |
| Cost of revenue | $1.2B | $1.2B | $1.3B | $1.4B | $1.2B | $1.4B | $1.7B | $1.7B | $1.6B | $1.6B |
| Gross profit | $460M | $467M | $461M | $441M | $405M | $446M | $465M | $507M | $548M | $518M |
| Research and development | $24M | $24M | $23M | $20M | $20M | $20M | $20M | $21M | $23M | $23M |
| Selling, general and admin | $176M | $181M | $179M | $188M | $176M | $186M | $192M | $206M | $209M | $208M |
| Operating income | $224M | $244M | $256M | $209M | $188M | $236M | $215M | $172M | $286M | $47M |
| Interest expense | $54M | $43M | $46M | $43M | $38M | $37M | $44M | $59M | — | — |
| Pre-tax income | $170M | $191M | $204M | $157M | $138M | $202M | $157M | $108M | $224M | -$14M |
| Income tax | $35M | -$7M | $34M | $23M | $24M | $37M | $32M | $24M | $59M | $5M |
| Net income | $133M | $195M | $169M | $133M | $112M | $164M | $122M | $84M | $167M | -$18M |
| EPS (diluted) | $3.79 | $5.48 | $4.75 | $3.78 | $3.29 | $4.86 | $3.73 | $2.58 | $5.17 | -$0.59 |
| Diluted shares | 35M | 36M | 36M | 35M | 34M | 34M | 33M | 33M | 32M | 31M |
| Gross margin | 28.1% | 27.9% | 25.5% | 24.6% | 25.4% | 24.0% | 21.9% | 23.4% | 25.9% | 25.0% |
| Operating margin | 13.7% | 14.6% | 14.2% | 11.7% | 11.8% | 12.7% | 10.1% | 7.9% | 13.5% | 2.3% |
| Net margin | 8.1% | 11.6% | 9.3% | 7.4% | 7.0% | 8.8% | 5.7% | 3.9% | 7.9% | -0.9% |
Balance sheet
Fiscal years, from MTX's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $190M | $215M | $213M | $243M | $372M | $304M | $253M | $322M | $337M | $333M |
| Receivables | $341M | $383M | $387M | $376M | $369M | $368M | $404M | $399M | $385M | $400M |
| Inventory | $187M | $219M | $239M | $253M | $248M | $298M | $349M | $325M | $342M | $350M |
| Total current assets | $751M | $852M | $876M | $919M | $1.0B | $1.0B | $1.1B | $1.1B | $1.1B | $1.2B |
| Property, plant and equipment | $1.1B | $1.1B | $1.1B | $1.1B | $1.0B | $1.0B | $1.1B | $987M | $990M | $1.0B |
| Goodwill | $779M | $779M | $812M | $807M | $808M | $908M | $915M | $914M | $914M | $916M |
| Total assets | $2.9B | $3.0B | $3.1B | $3.1B | $3.2B | $3.4B | $3.4B | $3.3B | $3.4B | $3.5B |
| Total current liabilities | $296M | $310M | $382M | $398M | $296M | $420M | $503M | $457M | $398M | $555M |
| Long-term debt | $1.1B | $960M | $908M | $824M | $933M | $936M | $928M | $911M | $960M | $955M |
| Total liabilities | $1.8B | $1.7B | $1.7B | $1.7B | $1.7B | $1.8B | $1.8B | $1.7B | $1.6B | $1.7B |
| Shareholders' equity | $1.0B | $1.3B | $1.4B | $1.4B | $1.5B | $1.5B | $1.6B | $1.7B | $1.7B | $1.7B |
| Net debt | $888M | $751M | $702M | $585M | $566M | $638M | $695M | $612M | $633M | $632M |
Cash flow
Fiscal years, from MTX's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $225M | $208M | $204M | $238M | $241M | $232M | $106M | $234M | $236M | $194M |
| Capital spending | $62M | $77M | $76M | $65M | $67M | $86M | $82M | $94M | $90M | $107M |
| Free cash flow | $163M | $131M | $128M | $173M | $174M | $146M | $23M | $140M | $147M | $87M |
| Stock-based compensation | $6M | $8M | $6M | $8M | $10M | $11M | $10M | $11M | $12M | $12M |
| Dividends paid | $7M | $7M | $7M | $7M | $7M | $7M | $6M | $8M | $13M | $14M |
| Share buybacks (net) | -$3M | -$700,000 | -$22M | -$41M | -$41M | -$75M | -$56M | -$14M | -$64M | -$58M |
| Net borrowing | -$186M | -$119M | -$80M | -$88M | $110M | -$1M | -$2M | -$15M | $41M | -$7M |
| Free cash flow margin | 9.9% | 7.8% | 7.1% | 9.7% | 10.9% | 7.9% | 1.1% | 6.5% | 6.9% | 4.2% |
| Dividends per share | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $0.25 | $0.41 | $0.45 |
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Open MTX in InvestinglyQuestions
What was MTX's revenue in 2025?
$2.1B in fiscal 2025, from its 10-K filing.
How much free cash flow does MTX generate?
$87M in fiscal 2025 (operating cash flow minus capital spending).
From MTX's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.