M-tron Industries, Inc.(MPTI)Earnings, Financials & Key Ratios

MPTI•AMEX

$73.22

$210M mkt cap·27.9× P/E·Price updated May 6, 2026

SectorTechnology IndustryTech Hardware & Equipment Sub-IndustryPhotonics, Lasers and Optical Components

AboutM-tron Industries, Inc. designs, manufactures, and markets frequency and spectrum control products. It operates in two product groups, Frequency Control and Spectrum Control. The Frequency Control product group includes a portfolio of quartz crystal resonators, clock oscillators, VCXO, TCXO OCXO, and DOCXO devices. These products are designed for applications in aerospace and defense, telecommunications infrastructure, and instrumentation markets. The Spectrum Control product group comprises an array of radio frequency (RF), microwave and millimeter wave filters, and diplexers covering a frequency range from 1 MHz to 90 GHz, and solid-state power amplifiers covering a frequency range from 300 MHz to 26 GHz, with power output from 10 Watts to 10 kWatts. The filter devices include crystal, ceramic, LC, tubular, combline, cavity, interdigital and metal insert waveguide, as well as digital, analog, and mechanical tunable filters, switched filter arrays, and RF subsystems. The power amplifiers add active devices comprise GaN, GaAS FET, LDMOS, and chip and wire technologies in narrow or broadband, module, or rack-mounted packages. These products are used in applications in the commercial and military aerospace, defense, space, and other commercial markets. The company was founded in 1965 and is based in Orlando, Florida.Show more

Revenue$54M+11.0%
EBITDA$11M+9.7%
Net Income$8M+10.6%
EPS (Diluted)2.62-1.1%
Gross Margin44.38%-3.9%
EBITDA Margin20.91%-1.2%
Operating Margin18.91%-1.3%
Net Margin15.52%-0.4%
ROE17.88%-40.1%
ROIC25.26%-37.8%
Debt/Equity0.00+712.8%

Technical→

MPTI Key Insights

M-tron Industries, Inc. (MPTI) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Company is almost debt free
✓Excellent 3Y average ROE of 22.7%
✓Strong 5Y profit CAGR of 29.6%
✓Momentum leader: RS Rating 80 (top 20%)
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 12.7%

✗Weaknesses

✗Shares diluted 11.9% in last year

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

MPTI Price & Volume

M-tron Industries, Inc. (MPTI) stock price & volume — 10-year historical chart

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MPTI Growth Metrics

M-tron Industries, Inc. (MPTI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-

5 Years12.66%

3 Years19.55%

TTM11.03%

Profit CAGR

10 Years-

5 Years29.6%

3 Years67.48%

TTM10.62%

EPS CAGR

10 Years-

5 Years43.54%

3 Years57.55%

TTM0.37%

Return on Capital

10 Years22.5%

5 Years22.99%

3 Years27.82%

Last Year21.72%

MPTI Recent Earnings

M-tron Industries, Inc. (MPTI) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 7/12 qtrs (58%)●Beat Revenue 7/12 qtrs (58%)

Q2 2026Latest

Mar 24, 2026

EPS

$0.99

Est $0.64

+54.7%

Revenue

$14M

Est $14M

+3.9%

Q4 2025

Nov 12, 2025

EPS

$0.63

Est $0.70

-10.0%

Revenue

$14M

Est $13M

+5.0%

Q3 2025

Aug 12, 2025

EPS

$0.53

Est $0.60

-11.7%

Revenue

$13M

Est $14M

-1.6%

Q2 2025

May 13, 2025

EPS

$0.56

Est $0.66

-15.2%

Revenue

$13M

Est $13M

-3.5%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Mar 24, 2026	$0.99vs $0.64+54.7%	$14Mvs $14M+3.9%
Q4 2025	Nov 12, 2025	$0.63vs $0.70-10.0%	$14Mvs $13M+5.0%
Q3 2025	Aug 12, 2025	$0.53vs $0.60-11.7%	$13Mvs $14M-1.6%
Q2 2025	May 13, 2025	$0.56vs $0.66-15.2%	$13Mvs $13M-3.5%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
VECOVeeco Instruments Inc.Direct Competitor	3.74B	62.01	105.10	-7.39%	3.53%	2.64%	0.29
PXLWPixelworks, Inc.Direct Competitor	36.56M	5.77	-3.85	-98.4%	-11.9%	-33.93%	0.04
CLFDClearfield, Inc.Direct Competitor	419.28M	30.28	-52.21	19.56%	-6.32%	-3.4%	0.03
TTMITTM Technologies, Inc.Direct Competitor	17.1B	164.64	98	18.98%	6.33%	11.41%	0.63
VSATViasat, Inc.Product Competitor	8.76B	67.30	-15.02	5.5%	-4.02%	-4%	1.62
MCHPMicrochip Technology IncorporatedProduct Competitor	55.72B	102.97	-9999	-42.35%	-2.21%	-1.42%	0.80
SITMSiTime CorporationProduct Competitor	16.45B	623.33	-362.40	61.16%	-13.13%	-4.23%	0.00
SMTCSemtech CorporationProduct Competitor	11.01B	119.24	-52.76	4.67%	2.78%	5.12%	1.02

Compare MPTI vs Peers

M-tron Industries, Inc. (MPTI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs VECO

Most directly comparable listed peer for MPTI.

Scale Benchmark

vs AVGO

Larger-name benchmark to compare MPTI against a more recognizable public peer.

Peer Set

Compare Top 5

vs VECO, PXLW, CLFD, TTMI

MPTI Income Statement

M-tron Industries, Inc. (MPTI) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Sales/Revenue	29.98M	26.69M	31.84M	41.17M	49.01M	54.42M
Revenue Growth %	-	-10.97%	19.3%	29.28%	19.05%	11.03%
Cost of Goods Sold	19.69M	17.36M	20.5M	24.4M	26.37M	30.27M
COGS % of Revenue	65.66%	65.03%	64.37%	59.27%	53.81%	55.62%
Gross Profit	10.3M▲ 0%	9.34M▼ 9.3%	11.35M▲ 21.5%	16.77M▲ 47.8%	22.64M▲ 35.0%	24.15M▲ 6.7%
Gross Margin %	34.34%	34.97%	35.63%	40.73%	46.19%	44.38%
Gross Profit Growth %	-	-9.32%	21.53%	47.77%	35.04%	6.66%
Operating Expenses	7.27M	7.22M	8.47M	12.47M	13.25M	13.86M
OpEx % of Revenue	24.23%	27.05%	26.6%	30.28%	27.03%	25.46%
Selling, General & Admin	7.27M	0	0	10.25M	0	13.86M
SG&A % of Revenue	24.23%	-	-	24.9%	-	25.46%
Research & Development	2.04M	2.01M	2.01M	2.22M	2.81M	0
R&D % of Revenue	6.79%	7.51%	6.3%	5.38%	5.73%	-
Other Operating Expenses	-2.04M	5.22M	6.47M	0	10.44M	0
Operating Income	3.03M▲ 0%	2.11M▼ 30.2%	2.88M▲ 36.0%	4.3M▲ 49.5%	9.39M▲ 118.5%	10.29M▲ 9.5%
Operating Margin %	10.11%	7.92%	9.03%	10.44%	19.17%	18.91%
Operating Income Growth %	-	-30.23%	36%	49.53%	118.52%	9.55%
EBITDA	3.52M	2.66M	3.6M	5.15M	10.37M	11.38M
EBITDA Margin %	11.74%	9.95%	11.3%	12.51%	21.15%	20.91%
EBITDA Growth %	-	-24.52%	35.54%	43.03%	101.34%	9.74%
D&A (Non-Cash Add-back)	489K	542K	725K	850K	973K	1.09M
EBIT	2.98M	2.11M	2.88M	4.3M	9.39M	10.29M
Net Interest Income	-86K	-12K	-11K	7K	243K	539K
Interest Income	0	0	0	7K	243K	539K
Interest Expense	86K	12K	11K	0	0	0
Other Income/Expense	-137K	-1K	-280K	101K	381K	663K
Pretax Income	2.89M▲ 0%	2.11M▼ 27.0%	2.6M▲ 22.8%	4.4M▲ 69.6%	9.78M▲ 122.2%	10.95M▲ 12.1%
Pretax Margin %	9.65%	7.92%	8.15%	10.69%	19.94%	20.13%
Income Tax	583K	531K	797K	911K	2.14M	2.51M
Effective Tax Rate %	20.15%	25.13%	30.71%	20.7%	21.88%	22.89%
Net Income	2.31M▲ 0%	1.58M▼ 31.5%	1.8M▲ 13.7%	3.49M▲ 94.0%	7.64M▲ 118.9%	8.45M▲ 10.6%
Net Margin %	7.7%	5.93%	5.65%	8.48%	15.58%	15.52%
Net Income Growth %	-	-31.52%	13.65%	94.05%	118.86%	10.62%
Net Income (Continuing)	2.31M	1.58M	1.8M	3.49M	7.64M	8.45M
Discontinued Operations	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0
EPS (Diluted)	0.43▲ 0%	0.59▲ 37.2%	0.67▲ 13.6%	1.28▲ 91.0%	2.65▲ 107.0%	2.62▼ 1.1%
EPS Growth %	-	37.21%	13.56%	91.04%	107.03%	-1.13%
EPS (Basic)	0.43	0.59	0.67	1.29	2.78	2.94
Diluted Shares Outstanding	5.39M	2.67M	2.68M	2.73M	2.88M	3.23M
Basic Shares Outstanding	5.39M	2.67M	2.68M	2.7M	2.75M	2.87M
Dividend Payout Ratio	-	-	-	-	-	-

MPTI Balance Sheet

M-tron Industries, Inc. (MPTI) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Total Current Assets	11.74M	12.09M	14.31M	18.19M	29.75M	61.22M
Cash & Short-Term Investments	2.46M	2.63M	926K	3.91M	12.64M	20.89M
Cash Only	2.46M	2.63M	926K	3.91M	12.64M	20.89M
Short-Term Investments	0	0	0	0	0	0
Accounts Receivable	3.95M	4M	5.2M	4.8M	6.84M	28.99M
Days Sales Outstanding	48.06	54.63	59.57	42.58	50.95	194.46
Inventory	5.11M	5.22M	7.52M	8.88M	9.51M	9.67M
Days Inventory Outstanding	94.64	109.79	133.86	132.88	131.61	116.64
Other Current Assets	0	242K	673K	0	0	1.66M
Total Non-Current Assets	6.18M	7.91M	4.96M	6.12M	6.74M	7.17M
Property, Plant & Equipment	2.97M	3.6M	3.79M	4.23M	5.07M	6.73M
Fixed Asset Turnover	10.08x	7.42x	8.39x	9.74x	9.67x	8.08x
Goodwill	0	0	0	0	0	0
Intangible Assets	206K	152K	98K	45K	40K	40K
Long-Term Investments	0	0	0	0	0	0
Other Non-Current Assets	3M	1.97M	16K	1.84M	1.63M	123K
Total Assets	17.92M▲ 0%	20.01M▲ 11.7%	19.27M▼ 3.7%	24.3M▲ 26.1%	36.49M▲ 50.1%	68.38M▲ 87.4%
Asset Turnover	1.67x	1.33x	1.65x	1.69x	1.34x	0.80x
Asset Growth %	-	11.65%	-3.66%	26.11%	50.13%	87.41%
Total Current Liabilities	2.81M	3.01M	4.86M	4.38M	5.22M	4.89M
Accounts Payable	1.21M	1.4M	2.38M	1.3M	1.42M	0
Days Payables Outstanding	22.41	29.35	42.4	19.45	19.69	-
Short-Term Debt	0	0	71K	0	0	0
Deferred Revenue (Current)	0	0	0	0	0	0
Other Current Liabilities	0	403K	543K	277K	58K	4.89M
Current Ratio	4.18x	4.01x	2.95x	4.15x	5.70x	12.52x
Quick Ratio	2.36x	2.28x	1.40x	2.12x	3.88x	10.54x
Cash Conversion Cycle	120.29	135.06	151.03	156.01	162.87	-
Total Non-Current Liabilities	132K	145K	76K	26K	0	277K
Long-Term Debt	0	0	0	0	0	148K
Capital Lease Obligations	132K	145K	76K	26K	0	0
Deferred Tax Liabilities	0	0	0	0	0	129K
Other Non-Current Liabilities	0	0	0	0	0	0
Total Liabilities	2.94M	3.16M	4.93M	4.41M	5.22M	5.17M
Total Debt	132K	145K	147K	97K	9K	148K
Net Debt	-2.32M	-2.49M	-779K	-3.82M	-12.63M	-20.74M
Debt / Equity	0.01x	0.01x	0.01x	0.00x	0.00x	0.00x
Debt / EBITDA	0.04x	0.05x	0.04x	0.02x	0.00x	0.01x
Net Debt / EBITDA	-0.66x	-0.94x	-0.22x	-0.74x	-1.22x	-1.82x
Interest Coverage	34.64x	176.17x	261.36x	-	-	-
Total Equity	14.97M▲ 0%	16.85M▲ 12.5%	14.34M▼ 14.9%	19.89M▲ 38.7%	31.27M▲ 57.2%	63.22M▲ 102.1%
Equity Growth %	-	12.52%	-14.89%	38.73%	57.19%	102.15%
Book Value per Share	2.78	6.32	5.36	7.28	10.84	19.59
Total Shareholders' Equity	14.97M	16.85M	14.34M	19.89M	31.27M	63.22M
Common Stock	14.97M	0	27K	27K	28K	34K
Retained Earnings	0	0	212K	3.7M	11.34M	19.78M
Treasury Stock	0	0	0	0	0	0
Accumulated OCI	0	16.85M	0	0	0	0
Minority Interest	0	0	0	0	0	0

MPTI Cash Flow Statement

M-tron Industries, Inc. (MPTI) cash flow — operating, investing & free cash flow history

Line item	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Cash from Operations	3.91M	2.96M	2.04M	4.41M	7.52M	10.66M
Operating CF Margin %	13.03%	11.09%	6.41%	10.7%	15.35%	19.59%
Operating CF Growth %	-	-24.22%	-31.01%	115.72%	70.74%	41.72%
Net Income	2.31M	1.58M	1.8M	3.49M	7.64M	8.45M
Depreciation & Amortization	489K	542K	725K	850K	973K	1.09M
Stock-Based Compensation	145K	292K	458K	2.42M	636K	1.08M
Deferred Taxes	491K	0	1.14M	-784K	212K	1.48M
Other Non-Cash Items	0	705K	0	0	0	27K
Working Capital Changes	471K	-161K	-2.08M	-1.57M	-1.94M	-1.46M
Change in Receivables	215K	-47K	-1.2M	395K	-2.04M	186K
Change in Inventory	718K	-116K	-2.3M	-1.37M	-625K	-164K
Change in Payables	-438K	0	1.85M	-691K	894K	0
Cash from Investing	-407K	-1.1M	-936K	-1.28M	-1.9M	-2.55M
Capital Expenditures	-407K	-1.1M	-936K	-1.28M	-1.9M	-2.55M
CapEx % of Revenue	1.36%	4.12%	2.94%	3.11%	3.87%	4.69%
Acquisitions	0	0	0	0	0	0
Investments	-	-	-	-	-	-
Other Investing	0	0	0	0	0	0
Cash from Financing	-3.91M	-1.68M	-2.81M	-137K	3.1M	142K
Debt Issued (Net)	-3.32M	-1.68M	0	0	0	0
Equity Issued (Net)	0	0	-10K	-137K	0	532K
Dividends Paid	0	0	0	0	0	0
Share Repurchases	0	0	-10K	-137K	0	0
Other Financing	-588K	1K	-2.81M	0	3.1M	-390K
Net Change in Cash	-412K▲ 0%	179K▲ 143.4%	-1.71M▼ 1054.7%	2.99M▲ 274.8%	8.73M▲ 192.2%	8.25M▼ 5.5%
Free Cash Flow	3.5M▲ 0%	1.86M▼ 46.8%	1.11M▼ 40.6%	3.12M▲ 182.5%	5.62M▲ 80.0%	8.11M▲ 44.2%
FCF Margin %	11.67%	6.97%	3.47%	7.59%	11.47%	14.9%
FCF Growth %	-	-46.81%	-40.57%	182.46%	79.99%	44.19%
FCF per Share	0.65	0.70	0.41	1.14	1.95	2.51
FCF Conversion (FCF/Net Income)	1.69x	1.87x	1.14x	1.26x	0.98x	1.26x
Interest Paid	0	0	9K	6K	8K	0
Taxes Paid	0	0	36K	1.63M	2.39M	0

MPTI Key Ratios

M-tron Industries, Inc. (MPTI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	15.43%	9.94%	11.53%	20.38%	29.85%	17.88%
Return on Invested Capital (ROIC)	17.96%	11.74%	15.45%	21.76%	40.59%	25.26%
Gross Margin	34.34%	34.97%	35.63%	40.73%	46.19%	44.38%
Net Margin	7.7%	5.93%	5.65%	8.48%	15.58%	15.52%
Debt / Equity	0.01x	0.01x	0.01x	0.00x	0.00x	0.00x
Interest Coverage	34.64x	176.17x	261.36x	-	-	-
FCF Conversion	1.69x	1.87x	1.14x	1.26x	0.98x	1.26x
Revenue Growth	-	-10.97%	19.3%	29.28%	19.05%	11.03%

MPTI SEC Filings & Documents

M-tron Industries, Inc. (MPTI) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Apr 9, 2026·SEC

Material company update

Mar 30, 2026·SEC

Material company update

Mar 24, 2026·SEC

10-K Annual Reports

FY 2026

Mar 26, 2026·SEC

FY 2025

Mar 27, 2025·SEC

FY 2024

Mar 25, 2024·SEC

10-Q Quarterly Reports

FY 2025

Nov 12, 2025·SEC

FY 2025

Aug 12, 2025·SEC

FY 2025

May 13, 2025·SEC

MPTI Frequently Asked Questions

M-tron Industries, Inc. (MPTI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

M-tron Industries, Inc. (MPTI) reported $54.4M in revenue for fiscal year 2025. This represents a 81% increase from $30.0M in 2020.

M-tron Industries, Inc. (MPTI) grew revenue by 11.0% over the past year. This is steady growth.

Yes, M-tron Industries, Inc. (MPTI) is profitable, generating $8.4M in net income for fiscal year 2025 (15.5% net margin).

Dividend & Returns

M-tron Industries, Inc. (MPTI) has a return on equity (ROE) of 17.9%. This is reasonable for most industries.

M-tron Industries, Inc. (MPTI) generated $8.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Explore More MPTI

M-tron Industries, Inc. (MPTI) financial analysis — history, returns, DCA and operating performance tools

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Historical returns with dividends reinvested

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Dividend History

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Earnings History

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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M-tron Industries, Inc.(MPTI)Earnings, Financials & Key Ratios

MPTI Key Insights

✓Strengths

✗Weaknesses

MPTI Price & Volume

MPTI Growth Metrics

Revenue CAGR

Profit CAGR

EPS CAGR

Return on Capital

MPTI Recent Earnings

MPTI Peer Comparison

Compare MPTI vs Peers

vs VECO

vs AVGO

Compare Top 5

MPTI Income Statement

MPTI Balance Sheet

MPTI Cash Flow Statement

MPTI Key Ratios

MPTI SEC Filings & Documents

8-K Announcements

10-K Annual Reports

10-Q Quarterly Reports

MPTI Frequently Asked Questions

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