MPTI Technology

M-tron Industries, Inc.

$65.12+3.12%

Price as of close on Nov 3, 2026 · Financials updated Oct 10, 2026

Basics

Sector: Technology
Industry: Electronic Components
Country: United States
Market cap: 283.0M USD
Enterprise value: 186.2M USD
Full-time employees: 239

Overall health

Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings
Strength: lower risk than most peers: more short-term liquidity and less debt relative to equitylower risk: more liquidity and less debt vs equity
About average: growth

Ranks #88 of 1,612 technology companies (top 6%)

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 59% from December 2022 to July 2026.
M-tron Industries had 59% more shares at July 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.M-tron Industries had 59% more shares at July 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.
Profits growing faster than sales. Since 2022: revenue +71%, operating profit +258%.
Since 2022, M-tron Industries's revenue grew 71% while operating profit grew 258%: each extra dollar of sales is adding more profit.
Profit is backed by cash. Free cash flow is 100% of reported profit.
M-tron Industries's free cash flow is 100% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.
Wide margins. Operating margin 18% (12 months to Jun 2026) vs a peer median of 6.3%.Operating margin 18% vs peers 6.3%.
M-tron Industries keeps 18% of revenue as operating profit, more than 83% of peers (median 6.3%).

StockQuotient Score

76/ 100

Oct 5 75 → Nov 4 76 (+1)

Valuation

Is the price right?

61/100

Moderate▲ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 60 → 61

Share price -5.6%+3
Company's reported figures updated+1
Peer companies moved-3

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Stronger than most peers on:

▲ EBITDA yield
▲ Earnings yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield3.4%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score 0.49Sector median: 0.0225 · MAD: 0.0225

EBITDA yield6.4%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsReported value50% base weight · Z-score 0.60Sector median: 0.0423 · MAD: 0.0361

Free cash flow yield3.3%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score 0.22Sector median: 0.0274 · MAD: 0.0274

Other data (not scored)

Book yield41.9%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.3292 · MAD: 0.1754

Growth

Is it growing?

59/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 3.2%

Why

Mixed versus peers:

▲ 3-yr revenue
▲ Revenue growth
▼ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth-15.7%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.88Sector median: 0.1108 · MAD: 0.3050

3-year revenue growth16.7%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score 1.50Sector median: 0.0483 · MAD: 0.0793

Revenue growth11.8%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.33Sector median: 0.0853 · MAD: 0.1017

Profitability

Does it earn well?

88/100

Strong

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ ROIC
▲ Operating margin
▲ ROA

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin18.5%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.72Sector median: 0.0631 · MAD: 0.0710

Return on assets7.6%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.28Sector median: 0.0293 · MAD: 0.0362

Return on invested capital37.8%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 3.63Sector median: 0.0676 · MAD: 0.0857

Other data (not scored)

Gross margin44.3%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.3343 · MAD: 0.1632

Return on equity8.0%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0753 · MAD: 0.0889

Risk

Debt, liquidity, price swings

Lower

Lower relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ Current ratio
▲ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.74

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score 0.36Sector median: 0.8710 · MAD: 0.3700

Current ratio16.63×

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentile33% base weight · Z-score 8.42Sector median: 1.8295 · MAD: 0.6848

Debt / equity<0.01×

Yahoo Finance fallback · no standard SEC debt tagOutlier capped at sector 5th/95th percentile33% base weight · Z-score 1.08Sector median: 0.2495 · MAD: 0.2270

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about M-tron Industries

Is M-tron Industries getting weaker?: Its latest SEC filing (Aug 12, 2026) showed no major changes. Its overall score is unchanged at 76/100 since Oct 28, 2026.
How is M-tron Industries valued vs its peers?: Priced lower than most peers relative to what it earns. Valuation scores 61/100 against 1,711 technology peers. EBITDA yield 6.4% vs a peer median of 4.2% (stronger than 65% of peers).EBITDA yield 6.4% vs peers 4.2% (stronger than 65% of peers).
Is M-tron Industries growing?: At about the same pace as its peers. Growth scores 59/100 against 1,711 technology peers. 3-year revenue growth 16.7% vs a peer median of 4.8% (stronger than 81% of peers).3-year revenue growth 16.7% vs peers 4.8% (stronger than 81% of peers). Earnings per share growth -15.7% vs a peer median of 11.1% (weaker than 74% of peers).Earnings per share growth -15.7% vs peers 11.1% (weaker than 74% of peers).
How profitable is M-tron Industries?: More profitable than most of its peers. Profitability scores 88/100 against 1,711 technology peers. Return on invested capital 37.8% vs a peer median of 6.8% (stronger than 91% of peers).Return on invested capital 37.8% vs peers 6.8% (stronger than 91% of peers).
How risky is M-tron Industries?: Lower risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Current ratio 16.63× vs a peer median of 1.83× (stronger than 95% of peers).Current ratio 16.63× vs peers 1.83× (stronger than 95% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 12, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	56.4M USD	58.2M USD	+3.2%
Net income (12 months)	9.2M USD	9.5M USD	+3.4%
Operating margin	19.3%	18.5%	−0.8 pts
Free cash flow (12 months)	8.8M USD	9.5M USD	+8.3%
Cash	52.0M USD	96.2M USD	+85.2%
Shares outstanding	4.3M	4.3M	+0.6%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Electronic Components · 19 companies

Valuations in Electronic Components are near the top of their range since Mar 2016.

90% of months since Mar 2016 were valued lower than now.
87% of companies are in the most expensive fifth of their own price-to-sales history.
Median price-to-sales is +2% vs the whole market, against a usual −24%.

Mar 2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Operating margin	7.9%	9.0%	10.4%	19.2%	18.9%	▼ 0.3 pts
Net margin	5.9%	5.6%	8.5%	15.6%	15.5%	▼ 0.1 pts
Return on assets (ROA)	7.9%	9.3%	14.4%	20.9%	12.4%	▼ 8.5 pts
Return on equity (ROE)	9.4%	12.5%	17.5%	24.4%	13.4%	▼ 11 pts
Free cash flow margin	7.0%	3.5%	7.6%	11.5%	14.9%	▲ 3.4 pts
Current ratio	4.01×	2.95×	4.15×	5.70×	12.52×	▲ 119%
Quick ratio	2.28×	1.40×	2.12×	3.88×	10.54×	▲ 172%
Debt to equity	0.01×	0.01×	—	—	—	—

MPTI price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings

Strength: lower risk than most peers: more short-term liquidity and less debt relative to equitylower risk: more liquidity and less debt vs equity

About average: growth

Ranks #88 of 1,612 technology companies (top 6%)

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 59% from December 2022 to July 2026.

M-tron Industries had 59% more shares at July 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.M-tron Industries had 59% more shares at July 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.

Profits growing faster than sales. Since 2022: revenue +71%, operating profit +258%.

Since 2022, M-tron Industries's revenue grew 71% while operating profit grew 258%: each extra dollar of sales is adding more profit.

Profit is backed by cash. Free cash flow is 100% of reported profit.

M-tron Industries's free cash flow is 100% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.

Wide margins. Operating margin 18% (12 months to Jun 2026) vs a peer median of 6.3%.Operating margin 18% vs peers 6.3%.

M-tron Industries keeps 18% of revenue as operating profit, more than 83% of peers (median 6.3%).

Questions investors ask about M-tron Industries

Is M-tron Industries getting weaker?

Its latest SEC filing (Aug 12, 2026) showed no major changes. Its overall score is unchanged at 76/100 since Oct 28, 2026.

How is M-tron Industries valued vs its peers?

Priced lower than most peers relative to what it earns. Valuation scores 61/100 against 1,711 technology peers. EBITDA yield 6.4% vs a peer median of 4.2% (stronger than 65% of peers).EBITDA yield 6.4% vs peers 4.2% (stronger than 65% of peers).

Is M-tron Industries growing?

At about the same pace as its peers. Growth scores 59/100 against 1,711 technology peers. 3-year revenue growth 16.7% vs a peer median of 4.8% (stronger than 81% of peers).3-year revenue growth 16.7% vs peers 4.8% (stronger than 81% of peers). Earnings per share growth -15.7% vs a peer median of 11.1% (weaker than 74% of peers).Earnings per share growth -15.7% vs peers 11.1% (weaker than 74% of peers).

How profitable is M-tron Industries?

More profitable than most of its peers. Profitability scores 88/100 against 1,711 technology peers. Return on invested capital 37.8% vs a peer median of 6.8% (stronger than 91% of peers).Return on invested capital 37.8% vs peers 6.8% (stronger than 91% of peers).

How risky is M-tron Industries?

Lower risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Current ratio 16.63× vs a peer median of 1.83× (stronger than 95% of peers).Current ratio 16.63× vs peers 1.83× (stronger than 95% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

56.4M USD

58.2M USD

+3.2%

Net income (12 months)

9.2M USD

9.5M USD

+3.4%

Operating margin

19.3%

18.5%

−0.8 pts

Free cash flow (12 months)

8.8M USD

9.5M USD

+8.3%

Cash

52.0M USD

96.2M USD

+85.2%

Shares outstanding

4.3M

4.3M

+0.6%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Operating margin

7.9%

9.0%

10.4%

19.2%

18.9%

▼ 0.3 pts

Net margin

5.9%

5.6%

8.5%

15.6%

15.5%

▼ 0.1 pts

Return on assets (ROA)

7.9%

9.3%

14.4%

20.9%

12.4%

▼ 8.5 pts

Return on equity (ROE)

9.4%

12.5%

17.5%

24.4%

13.4%

▼ 11 pts

Free cash flow margin

7.0%

3.5%

7.6%

11.5%

14.9%

▲ 3.4 pts

Current ratio

4.01×

2.95×

4.15×

5.70×

12.52×

▲ 119%

Quick ratio

2.28×

1.40×

2.12×

3.88×

10.54×

▲ 172%

Debt to equity

0.01×

—