Stock pay outran buybacks. Stock-based pay expense $32M vs $8M spent repurchasing shares over the 3 fiscal years to 2025.
Over three fiscal years Materion recorded $32M of stock-based pay expense and spent $8M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years Materion recorded $32M of stock-based pay expense and spent $8M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.
Profit isn't fully turning into cash. Free cash flow is only 36% of reported profit.
Free cash flow is only 36% of reported profit. That usually means heavy spending on facilities and equipment, or cash tied up in inventory and unpaid bills. Worth checking whether it's a phase of investment or a lasting pattern.
Fast revenue growth. Revenue grew 22% in the 12 months to July 2026 vs the 12 months before, faster than 83% of peers.
Revenue grew 22% in the 12 months to July 2026 vs the 12 months before, faster than 83% of its peers.
Why it changed since the Oct 27, 2026 close: Score 54 → 55
Peer companies moved+1
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 it changed since the Oct 27, 2026 close: Safety percentile 54 → 55
Peer companies moved+1
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.
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 Materion
Is Materion getting weaker?
Its latest SEC filing (Aug 5, 2026) showed no major changes. Its overall score is unchanged at 58/100 since Oct 28, 2026.
How is Materion valued vs its peers?
Priced higher than most peers relative to what it earns. Valuation scores 27/100 against 1,371 basic materials peers.EBITDA yield 3.8% vs a peer median of 8.5% (weaker than 73% of peers).EBITDA yield 3.8% vs peers 8.5% (weaker than 73% of peers).
Is Materion growing?
Yes, faster than most of its peers. Growth scores 95/100 against 1,371 basic materials peers.Earnings per share growth 450.7% vs a peer median of 9.4% (stronger than 95% of peers).Earnings per share growth 450.7% vs peers 9.4% (stronger than 95% of peers).
How profitable is Materion?
About as profitable as its peers. Profitability scores 55/100 against 1,371 basic materials peers.Return on assets 4.8% vs a peer median of 2.5% (stronger than 71% of peers).Return on assets 4.8% vs peers 2.5% (stronger than 71% of peers).
How risky is Materion?
Moderate risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings.Current ratio 2.94× vs a peer median of 1.76× (stronger than 76% of peers).Current ratio 2.94× vs peers 1.76× (stronger than 76% of peers).Beta 1.05 vs a peer median of 0.69 (weaker than 75% of peers).Beta 1.05 vs peers 0.69 (weaker than 75% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jul 3, 2026 · filed Aug 5, 2026 · compared with the quarter ended Apr 3, 2026
No major changes
Previous quarter
Latest quarter
Change
Revenue (12 months)
1.9B USD
2.1B USD
+9.5%
Net income (12 months)
76.5M USD
90.1M USD
+17.8%
Operating margin
5.8%
6.0%
+0.2 pts
Debt
514.7M USD
459.8M USD
−10.7%
Cash
16.2M USD
20.0M USD
+23.5%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Sector: Basic Materials · 121 companies
Valuations in Basic Materials are near the top of their range since 2016.
84% of months since 2016 were valued lower than now.
43% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +23% and earnings +13% (medians): prices and earnings moved broadly together.
Median price-to-sales is −9% vs the whole market, against a usual −27%.
2016Shaded: most expensive fifth of its range2026
Shown for Basic Materials: too few Other Industrial Metals & Mining companies have a long enough history of their own.
This is a cyclical group: after a downturn, trailing earnings and sales fall faster than prices, which can make valuations look high near a cycle's low.
Describes valuations since 2016; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, EBITDA, sales and free cash flow yields. How this works
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
Gross margin
18.8%
19.6%
21.0%
19.3%
17.3%
▼ 2.1 pts
Operating margin
5.1%
6.8%
8.2%
2.8%
6.1%
▲ 3.3 pts
Net margin
4.8%
4.9%
5.7%
0.3%
4.2%
▲ 3.8 pts
Return on assets (ROA)
4.5%
5.1%
5.4%
0.3%
4.2%
▲ 3.8 pts
Return on equity (ROE)
10.1%
10.7%
10.8%
0.7%
7.9%
▲ 7.3 pts
Free cash flow margin
-0.8%
2.2%
2.0%
1.1%
—
—
Current ratio
3.07×
2.89×
2.78×
3.19×
3.11×
▼ 2.5%
Quick ratio
1.30×
1.12×
1.05×
1.25×
1.29×
▲ 3.7%
Debt to equity
0.65×
0.57×
0.53×
0.55×
0.51×
▼ 6.9%
Interest coverage
—
5.47×
4.36×
1.36×
3.58×
▲ 163%
MTRN price history
Price history is added with the daily price update and will appear after the next one.