MTRN
Materion Corporation
Industrial Materials
Market Cap$4.09B
5Y Perf.+219.5%
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Stock Comparison
MTRN vs MP
Revenue, margins, valuation, and 5-year total return — side by side.
MP
MP Materials Corp.
Industrial Materials
Market Cap$12.91B
5Y Perf.+628.7%
MTRN vs MP — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | MTRN | MP |
|---|---|---|
| Industry | Industrial Materials | Industrial Materials |
| Market Cap | $4.09B | $12.91B |
| Revenue (TTM) | $1.92B | $275M |
| Net Income (TTM) | $76M | $-86M |
| Gross Margin | 15.8% | 5.8% |
| Operating Margin | 6.1% | -53.0% |
| Forward P/E | 30.8x | 288.3x |
| Total Debt | $601M | $1.04B |
| Cash & Equiv. | $14M | $1.17B |
MTRN vs MP — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
MTRN
MP
| Stock | Jun 20 | May 26 | Return |
|---|---|---|---|
| Materion Corporation (MTRN) | 100 | 319.5 | +219.5% |
| MP Materials Corp. (MP) | 100 | 728.7 | +628.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: MTRN vs MP
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: MTRN leads in 4 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. MP Materials Corp. is the stronger pick specifically for growth and revenue expansion and capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
MTRN
Materion Corporation
The Growth Play
MTRN carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 6.0%, EPS growth 11.8%, 3Y rev CAGR 0.6%
- 6.7% 10Y total return vs MP's 6.3%
- Lower P/E (30.8x vs 288.3x)
Best for: growth exposure and long-term compounding
MP
MP Materials Corp.
The Income Pick
MP is the clearest fit if your priority is income & stability and sleep-well-at-night.
- beta 1.40
- Lower volatility, beta 1.40, Low D/E 43.6%, current ratio 7.24x
- Beta 1.40, current ratio 7.24x
Best for: income & stability and sleep-well-at-night
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | MP | 35.1% revenue growth vs MTRN's 6.0% |
| Value | MTRN | Lower P/E (30.8x vs 288.3x) |
| Quality / Margins | MTRN | 4.0% margin vs MP's -31.2% |
| Stability / Safety | MP | Beta 1.40 vs MTRN's 1.62, lower leverage |
| Dividends | MTRN | 0.3% yield; 13-year raise streak; the other pay no meaningful dividend |
| Momentum (1Y) | MP | +194.2% vs MTRN's +151.7% |
| Efficiency (ROA) | MTRN | 4.2% ROA vs MP's -2.7%, ROIC 6.0% vs -4.7% |
MTRN vs MP — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2024
MTRN vs MP — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLMTRNLAGGINGMP
MPMP Materials Corp.
0leads
MTRNMaterion Corporation
3leads
6 Total Categories
CATEGORYLEADERvs MPMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
MTRN4/6
Valuation MetricsMultiples, price ratios, and targets
MTRN3/4
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
MTRN7/9
Total Returns1Y, 3Y, 5Y total returns with dividends
Tied
—
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
—
—
Income & Cash Flow (Last 12 Months)
MTRN leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
MTRN is the larger business by revenue, generating $1.9B annually — 7.0x MP's $275M. MTRN is the more profitable business, keeping 4.0% of every revenue dollar as net income compared to MP's -31.2%. On growth, MP holds the edge at +70.0% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | MTRNMaterion Corporat… | MPMP Materials Corp. |
|---|---|---|
| RevenueTrailing 12 months | $1.9B | $275M |
| EBITDAEarnings before interest/tax | $187M | -$56M |
| Net IncomeAfter-tax profit | $76M | -$86M |
| Free Cash FlowCash after capex | $7M | -$328M |
| Gross MarginGross profit ÷ Revenue | +15.8% | +5.8% |
| Operating MarginEBIT ÷ Revenue | +6.1% | -53.0% |
| Net MarginNet income ÷ Revenue | +4.0% | -31.2% |
| FCF MarginFCF ÷ Revenue | +0.4% | -119.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | +30.8% | +70.0% |
| EPS Growth (YoY)Latest quarter vs prior year | +8.2% | +133.8% |
MTRN leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
MTRN leads this category, winning 3 of 4 comparable metrics.
Valuation Metrics
| Metric | MTRNMaterion Corporat… | MPMP Materials Corp. |
|---|---|---|
| Market CapShares × price | $4.1B | $12.9B |
| Enterprise ValueMkt cap + debt − cash | $4.7B | $12.8B |
| Trailing P/EPrice ÷ TTM EPS | 54.88x | -145.30x |
| Forward P/EPrice ÷ next-FY EPS est. | 30.80x | 288.29x |
| PEG RatioP/E ÷ EPS growth rate | 1.50x | — |
| EV / EBITDAEnterprise value multiple | 25.27x | — |
| Price / SalesMarket cap ÷ Revenue | 2.29x | 46.86x |
| Price / BookPrice ÷ Book value/share | 4.36x | 5.17x |
| Price / FCFMarket cap ÷ FCF | 81.79x | — |
MTRN leads this category, winning 3 of 4 comparable metrics.
Profitability & Efficiency
MTRN leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
MTRN delivers a 8.2% return on equity — every $100 of shareholder capital generates $8 in annual profit, vs $-5 for MP. MP carries lower financial leverage with a 0.44x debt-to-equity ratio, signaling a more conservative balance sheet compared to MTRN's 0.64x. On the Piotroski fundamental quality scale (0–9), MTRN scores 5/9 vs MP's 4/9, reflecting solid financial health.
| Metric | MTRNMaterion Corporat… | MPMP Materials Corp. |
|---|---|---|
| ROE (TTM)Return on equity | +8.2% | -5.0% |
| ROA (TTM)Return on assets | +4.2% | -2.7% |
| ROICReturn on invested capital | +6.0% | -4.7% |
| ROCEReturn on capital employed | +7.7% | -4.2% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 4 |
| Debt / EquityFinancial leverage | 0.64x | 0.44x |
| Net DebtTotal debt minus cash | $587M | -$123M |
| Cash & Equiv.Liquid assets | $14M | $1.2B |
| Total DebtShort + long-term debt | $601M | $1.0B |
| Interest CoverageEBIT ÷ Interest expense | 4.07x | -2.74x |
MTRN leads this category, winning 7 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
Evenly matched — MTRN and MP each lead in 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in MTRN five years ago would be worth $25,943 today (with dividends reinvested), compared to $24,787 for MP. Over the past 12 months, MP leads with a +194.2% total return vs MTRN's +151.7%. The 3-year compound annual growth rate (CAGR) favors MP at 50.1% vs MTRN's 23.9% — a key indicator of consistent wealth creation.
| Metric | MTRNMaterion Corporat… | MPMP Materials Corp. |
|---|---|---|
| YTD ReturnYear-to-date | +53.0% | +32.2% |
| 1-Year ReturnPast 12 months | +151.7% | +194.2% |
| 3-Year ReturnCumulative with dividends | +90.0% | +238.1% |
| 5-Year ReturnCumulative with dividends | +159.4% | +147.9% |
| 10-Year ReturnCumulative with dividends | +669.3% | +626.5% |
| CAGR (3Y)Annualised 3-year return | +23.9% | +50.1% |
Evenly matched — MTRN and MP each lead in 3 of 6 comparable metrics.
Risk & Volatility
Evenly matched — MTRN and MP each lead in 1 of 2 comparable metrics.
Risk & Volatility
MP is the less volatile stock with a 1.40 beta — it tends to amplify market swings less than MTRN's 1.62 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. MTRN currently trades 97.3% from its 52-week high vs MP's 72.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | MTRNMaterion Corporat… | MPMP Materials Corp. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.62x | 1.40x |
| 52-Week HighHighest price in past year | $201.88 | $100.25 |
| 52-Week LowLowest price in past year | $70.94 | $18.64 |
| % of 52W HighCurrent price vs 52-week peak | +97.3% | +72.5% |
| RSI (14)Momentum oscillator 0–100 | 71.6 | 61.6 |
| Avg Volume (50D)Average daily shares traded | 233K | 5.6M |
Evenly matched — MTRN and MP each lead in 1 of 2 comparable metrics.
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates MTRN as "Buy" and MP as "Buy". Consensus price targets imply 7.7% upside for MP (target: $78) vs -18.0% for MTRN (target: $161). MTRN is the only dividend payer here at 0.28% yield — a key consideration for income-focused portfolios.
| Metric | MTRNMaterion Corporat… | MPMP Materials Corp. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $161.00 | $78.25 |
| # AnalystsCovering analysts | 10 | 11 |
| Dividend YieldAnnual dividend ÷ price | +0.3% | — |
| Dividend StreakConsecutive years of raises | 13 | — |
| Dividend / ShareAnnual DPS | $0.55 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +0.3% | 0.0% |
Insufficient data to determine a leader in this category.
Key Takeaway
MTRN leads in 3 of 6 categories — strongest in Income & Cash Flow and Valuation Metrics. 2 categories are tied.
Best OverallMaterion Corporation (MTRN)Leads 3 of 6 categories
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MTRN vs MP: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is MTRN or MP a better buy right now?
For growth investors, MP Materials Corp.
(MP) is the stronger pick with 35. 1% revenue growth year-over-year, versus 6. 0% for Materion Corporation (MTRN). Materion Corporation (MTRN) offers the better valuation at 54. 9x trailing P/E (30. 8x forward), making it the more compelling value choice. Analysts rate Materion Corporation (MTRN) a "Buy" — based on 10 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — MTRN or MP?
On forward P/E, Materion Corporation is actually cheaper at 30.
8x.
03Which is the better long-term investment — MTRN or MP?
Over the past 5 years, Materion Corporation (MTRN) delivered a total return of +159.
4%, compared to +147. 9% for MP Materials Corp. (MP). Over 10 years, the gap is even starker: MTRN returned +669. 3% versus MP's +626. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — MTRN or MP?
By beta (market sensitivity over 5 years), MP Materials Corp.
(MP) is the lower-risk stock at 1. 40β versus Materion Corporation's 1. 62β — meaning MTRN is approximately 16% more volatile than MP relative to the S&P 500. On balance sheet safety, MP Materials Corp. (MP) carries a lower debt/equity ratio of 44% versus 64% for Materion Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — MTRN or MP?
By revenue growth (latest reported year), MP Materials Corp.
(MP) is pulling ahead at 35. 1% versus 6. 0% for Materion Corporation (MTRN). On earnings-per-share growth, the picture is similar: Materion Corporation grew EPS 1179% year-over-year, compared to 12. 3% for MP Materials Corp.. Over a 3-year CAGR, MTRN leads at 0. 6% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — MTRN or MP?
Materion Corporation (MTRN) is the more profitable company, earning 4.
2% net margin versus -31. 2% for MP Materials Corp. — meaning it keeps 4. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MTRN leads at 6. 5% versus -44. 6% for MP. At the gross margin level — before operating expenses — MTRN leads at 16. 7%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is MTRN or MP more undervalued right now?
On forward earnings alone, Materion Corporation (MTRN) trades at 30.
8x forward P/E versus 288. 3x for MP Materials Corp. — 257. 5x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for MP: 7. 7% to $78. 25.
08Which pays a better dividend — MTRN or MP?
In this comparison, MTRN (0.
3% yield) pays a dividend. MP does not pay a meaningful dividend and should not be held primarily for income.
09Is MTRN or MP better for a retirement portfolio?
For long-horizon retirement investors, MP Materials Corp.
(MP) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+626. 5% 10Y return). Materion Corporation (MTRN) carries a higher beta of 1. 62 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (MP: +626. 5%, MTRN: +669. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between MTRN and MP?
Both stocks operate in the Basic Materials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: MTRN is a small-cap quality compounder stock; MP is a mid-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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