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M-tron Industries, Inc.(MPTI)Earnings, Financials & Key Ratios
MPTI•AMEX
36.6× P/E·Price updated Jun 19, 2026
SectorTechnologyIndustryTech Hardware & EquipmentSub-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%
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 92 (top 8%)
- ✓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.
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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%
TTM11.5%
Profit CAGR
10 Years-
5 Years29.6%
3 Years67.48%
TTM18.32%
EPS CAGR
10 Years-
5 Years43.54%
3 Years57.55%
TTM3.3%
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
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
May 7, 2026Metric
Actual
Est
EPS
$0.67+9.8%
$0.61
Rev
$15M+2.3%
$14M
Q2 2026
Mar 24, 2026Metric
Actual
Est
EPS
$0.99+54.7%
$0.64
Rev
$14M+3.9%
$14M
Q4 2025
Nov 12, 2025Metric
Actual
Est
EPS
$0.63-10.0%
$0.70
Rev
$14M+5.0%
$13M
Q3 2025
Aug 12, 2025Metric
Actual
Est
EPS
$0.53-11.7%
$0.60
Rev
$13M-1.6%
$14M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $0.67vs $0.61+9.8% | $15Mvs $14M+2.3% |
| Q2 2026 | 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% |
Based on last 12 quarters of dataView full earnings history →
MPTI Peer Comparison
M-tron Industries, Inc. (MPTI) competitors in Photonics, Lasers and Optical Components — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 VECO | 4.86B | 79.65 | 135 | -7.39% | 3.53% | 2.64% | 0.29 | |
 PXLW | 33.09M | 6.39 | -1.57 | -98.4% | 184.3% | 0.02 | ||
 CLFD | 553.57M | 40.45 | -69.74 | 19.56% | -6.32% | -3.4% | 0.03 | |
 TTMI | 22.48B | 216.44 | 128.83 | 18.98% | 6.33% | 11.41% | 0.63 | |
 VSAT | 8.76B | 64.13 | -256.52 | 2.67% | -0.73% | -0.74% | 1.47 | |
 MCHP | 53.99B | 99.77 | -9999 | -42.35% | -2.21% | -1.42% | 0.80 | |
 SITM | 19.24B | 729.04 | -423.86 | 61.16% | -6.38% | -2.15% | 0.00 | |
 SMTC | 14.74B | 158.23 | -343.98 | -3.25% | -6.43% | 0.89 |
Compare MPTI vs Peers
M-tron Industries, Inc. (MPTI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MPTI Income Statement
M-tron Industries, Inc. (MPTI) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Sales/Revenue | 29.98M | 26.69M | 31.84M | 41.17M | 49.01M | 54.42M | 56.37M |
Revenue Growth % | - | -10.97% | 19.3% | 29.28% | 19.05% | 11.03% | 11.5% |
Cost of Goods Sold | 19.69M | 17.36M | 20.5M | 24.4M | 26.37M | 30.27M | 31.04M |
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% | 25.34M▲ 0% |
Gross Margin % | 34.34% | 34.97% | 35.63% | 40.73% | 46.19% | 44.38% | 44.95% |
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 | 14.45M |
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 | 9.71M |
SG&A % of Revenue | 24.23% | - | - | 24.9% | - | 25.46% | - |
Research & Development | 2.04M | 2.01M | 2.01M | 2.22M | 2.81M | 0 | 1.58M |
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 | 1000K |
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% | 10.89M▲ 0% |
Operating Margin % | 10.11% | 7.92% | 9.03% | 10.44% | 19.17% | 18.91% | 19.31% |
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 | 12.03M |
EBITDA Margin % | 11.74% | 9.95% | 11.3% | 12.51% | 21.15% | 20.91% | 21.33% |
EBITDA Growth % | - | -24.52% | 35.54% | 43.03% | 101.34% | 9.74% | 13.27% |
D&A (Non-Cash Add-back) | 489K | 542K | 725K | 850K | 973K | 1.09M | 1.14M |
EBIT | 2.98M | 2.11M | 2.88M | 4.3M | 9.39M | 10.29M | 11.1M |
Net Interest Income | -86K | -12K | -11K | 7K | 243K | 539K | 798K |
Interest Income | 0 | 0 | 0 | 7K | 243K | 539K | 798K |
Interest Expense | 86K | 12K | 11K | 0 | 0 | 0 | 0 |
Other Income/Expense | -137K | -1K | -280K | 101K | 381K | 663K | 810K |
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% | 11.7M▲ 0% |
Pretax Margin % | 9.65% | 7.92% | 8.15% | 10.69% | 19.94% | 20.13% | 20.75% |
Income Tax | 583K | 531K | 797K | 911K | 2.14M | 2.51M | 2.49M |
Effective Tax Rate % | 20.15% | 25.13% | 30.71% | 20.7% | 21.88% | 22.89% | 21.31% |
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% | 9.21M▲ 0% |
Net Margin % | 7.7% | 5.93% | 5.65% | 8.48% | 15.58% | 15.52% | 16.33% |
Net Income Growth % | - | -31.52% | 13.65% | 94.05% | 118.86% | 10.62% | 18.32% |
Net Income (Continuing) | 2.31M | 1.58M | 1.8M | 3.49M | 7.64M | 8.45M | 9.21M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 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% | 2.58▲ 0% |
EPS Growth % | - | 37.21% | 13.56% | 91.04% | 107.03% | -1.13% | 3.3% |
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 | 3.57M |
Basic Shares Outstanding | 5.39M | 2.67M | 2.68M | 2.7M | 2.75M | 2.87M | 3.5M |
Dividend Payout Ratio | - | - | - | - | - | - | - |
MPTI Balance Sheet
M-tron Industries, Inc. (MPTI) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Total Current Assets | 11.74M | 12.09M | 14.31M | 18.19M | 29.75M | 61.22M | 71.94M |
Cash & Short-Term Investments | 2.46M | 2.63M | 926K | 3.91M | 12.64M | 20.89M | 51.96M |
Cash Only | 2.46M | 2.63M | 926K | 3.91M | 12.64M | 20.89M | 51.96M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 3.95M | 4M | 5.2M | 4.8M | 6.84M | 28.99M | 8.08M |
Days Sales Outstanding | 48.06 | 54.63 | 59.57 | 42.58 | 50.95 | 194.46 | 80.22 |
Inventory | 5.11M | 5.22M | 7.52M | 8.88M | 9.51M | 9.67M | 10.35M |
Days Inventory Outstanding | 94.64 | 109.79 | 133.86 | 132.88 | 131.61 | 116.64 | 112.95 |
Other Current Assets | 0 | 242K | 673K | 0 | 0 | 1.66M | 1.55M |
Total Non-Current Assets | 6.18M | 7.91M | 4.96M | 6.12M | 6.74M | 7.17M | 7.36M |
Property, Plant & Equipment | 2.97M | 3.6M | 3.79M | 4.23M | 5.07M | 6.73M | 6.86M |
Fixed Asset Turnover | 10.08x | 7.42x | 8.39x | 9.74x | 9.67x | 8.08x | 8.51x |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 206K | 152K | 98K | 45K | 40K | 40K | 40K |
Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Assets | 3M | 1.97M | 16K | 1.84M | 1.63M | 123K | 114K |
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% | 79.3M▲ 0% |
Asset Turnover | 1.67x | 1.33x | 1.65x | 1.69x | 1.34x | 0.80x | 0.98x |
Asset Growth % | - | 11.65% | -3.66% | 26.11% | 50.13% | 87.41% | 271.23% |
Total Current Liabilities | 2.81M | 3.01M | 4.86M | 4.38M | 5.22M | 4.89M | 6.12M |
Accounts Payable | 1.21M | 1.4M | 2.38M | 1.3M | 1.42M | 0 | 0 |
Days Payables Outstanding | 22.41 | 29.35 | 42.4 | 19.45 | 19.69 | - | 9.07 |
Short-Term Debt | 0 | 0 | 71K | 0 | 0 | 0 | 0 |
Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Current Liabilities | 0 | 403K | 543K | 277K | 58K | 4.89M | 6.12M |
Current Ratio | 4.18x | 4.01x | 2.95x | 4.15x | 5.70x | 12.52x | 11.76x |
Quick Ratio | 2.36x | 2.28x | 1.40x | 2.12x | 3.88x | 10.54x | 10.07x |
Cash Conversion Cycle | 120.29 | 135.06 | 151.03 | 156.01 | 162.87 | - | 184.09 |
Total Non-Current Liabilities | 132K | 145K | 76K | 26K | 0 | 277K | 128K |
Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 148K | 128K |
Capital Lease Obligations | 132K | 145K | 76K | 26K | 0 | 0 | 190K |
Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 129K | 129K |
Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Liabilities | 2.94M | 3.16M | 4.93M | 4.41M | 5.22M | 5.17M | 6.24M |
Total Debt | 132K | 145K | 147K | 97K | 9K | 148K | 128K |
Net Debt | -2.32M | -2.49M | -779K | -3.82M | -12.63M | -20.74M | -51.83M |
Debt / Equity | 0.01x | 0.01x | 0.01x | 0.00x | 0.00x | 0.00x | 0.00x |
Debt / EBITDA | 0.04x | 0.05x | 0.04x | 0.02x | 0.00x | 0.01x | 0.01x |
Net Debt / EBITDA | -0.66x | -0.94x | -0.22x | -0.74x | -1.22x | -1.82x | -4.31x |
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% | 73.05M▲ 0% |
Equity Growth % | - | 12.52% | -14.89% | 38.73% | 57.19% | 102.15% | 310.8% |
Book Value per Share | 2.78 | 6.32 | 5.36 | 7.28 | 10.84 | 19.59 | 20.45 |
Total Shareholders' Equity | 14.97M | 16.85M | 14.34M | 19.89M | 31.27M | 63.22M | 73.05M |
Common Stock | 14.97M | 0 | 27K | 27K | 28K | 34K | 35K |
Retained Earnings | 0 | 0 | 212K | 3.7M | 11.34M | 19.78M | 22.17M |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | 0 | 16.85M | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
MPTI Cash Flow Statement
M-tron Industries, Inc. (MPTI) cash flow — operating, investing & free cash flow history
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Cash from Operations | 3.91M | 2.96M | 2.04M | 4.41M | 7.52M | 10.66M | 11.17M |
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% | 181.44% |
Net Income | 2.31M | 1.58M | 1.8M | 3.49M | 7.64M | 8.45M | 9.21M |
Depreciation & Amortization | 489K | 542K | 725K | 850K | 973K | 1.09M | 1.14M |
Stock-Based Compensation | 145K | 292K | 458K | 2.42M | 636K | 1.08M | 1.21M |
Deferred Taxes | 491K | 0 | 1.14M | -784K | 212K | 1.48M | 1.3M |
Other Non-Cash Items | 0 | 705K | 0 | 0 | 0 | 27K | 167K |
Working Capital Changes | 471K | -161K | -2.08M | -1.57M | -1.94M | -1.46M | -1.86M |
Change in Receivables | 215K | -47K | -1.2M | 395K | -2.04M | 186K | -1.36M |
Change in Inventory | 718K | -116K | -2.3M | -1.37M | -625K | -164K | -985K |
Change in Payables | -438K | 0 | 1.85M | -691K | 894K | 0 | 503K |
Cash from Investing | -407K | -1.1M | -936K | -1.28M | -1.9M | -2.55M | -2.42M |
Capital Expenditures | -407K | -1.1M | -936K | -1.28M | -1.9M | -2.55M | -2.42M |
CapEx % of Revenue | 1.36% | 4.12% | 2.94% | 3.11% | 3.87% | 4.69% | 4.29% |
Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | - | - | - | - | - | - | - |
Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash from Financing | -3.91M | -1.68M | -2.81M | -137K | 3.1M | 142K | 29.54M |
Debt Issued (Net) | -3.32M | -1.68M | 0 | 0 | 0 | 0 | 0 |
Equity Issued (Net) | 0 | 0 | -10K | -137K | 0 | 532K | 29.72M |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | 0 | -10K | -137K | 0 | 0 | 0 |
Other Financing | -588K | 1K | -2.81M | 0 | 3.1M | -390K | -179K |
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% | 38.3M▲ 0% |
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% | 8.75M▲ 0% |
FCF Margin % | 11.67% | 6.97% | 3.47% | 7.59% | 11.47% | 14.9% | 15.53% |
FCF Growth % | - | -46.81% | -40.57% | 182.46% | 79.99% | 44.19% | 66.09% |
FCF per Share | 0.65 | 0.70 | 0.41 | 1.14 | 1.95 | 2.51 | 2.45 |
FCF Conversion (FCF/Net Income) | 1.69x | 1.87x | 1.14x | 1.26x | 0.98x | 1.26x | 0.95x |
Interest Paid | 0 | 0 | 9K | 6K | 8K | 0 | 7K |
Taxes Paid | 0 | 0 | 36K | 1.63M | 2.39M | 0 | 997K |
MPTI Key Ratios
M-tron Industries, Inc. (MPTI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|
Return on Equity (ROE) | 9.94% | 11.53% | 20.38% | 29.85% | 17.88% | 17.69% |
Return on Invested Capital (ROIC) | 11.74% | 15.45% | 21.76% | 40.59% | 25.26% | 32.02% |
Gross Margin | 34.97% | 35.63% | 40.73% | 46.19% | 44.38% | 44.95% |
Net Margin | 5.93% | 5.65% | 8.48% | 15.58% | 15.52% | 16.33% |
Debt / Equity | 0.01x | 0.01x | 0.00x | 0.00x | 0.00x | 0.00x |
Interest Coverage | 176.17x | 261.36x | - | - | - | - |
FCF Conversion | 1.87x | 1.14x | 1.26x | 0.98x | 1.26x | 0.95x |
Revenue Growth | -10.97% | 19.3% | 29.28% | 19.05% | 11.03% | 11.5% |
Related:MPTI Dividend History·MPTI Revenue History·MPTI Price History·MPTI P/E History·MPTI Financial Ratios·MPTI Institutional Holders
MPTI SEC Filings & Documents
M-tron Industries, Inc. (MPTI) SEC filings — annual & quarterly reports (10-K, 10-Q)
MPTI Frequently Asked Questions
M-tron Industries, Inc. (MPTI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
M-tron Industries, Inc. (MPTI) reported $56.4M in revenue for fiscal year 2025. This represents a 88% 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 $9.2M 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 $8.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.