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Materion Corporation (MTRN) 10-Year Financial Performance & Capital Metrics

MTRN • • Industrial / General
Basic MaterialsIndustrial MaterialsSpecialty Metals & MineralsSpecialty Metals Producers
AboutMaterion Corporation, through with its subsidiaries, produces advanced engineered materials used in semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and telecom and data center in the United States, Asia, Europe, and internationally. It operates through Performance Alloys and Composites, Advanced Materials, and Precision Optics segments. The Performance Alloys and Composites segment offers advanced engineered solutions comprising beryllium and non-beryllium containing alloy systems and custom engineered parts in strip, bulk, rod, plate, bar, tube, and other customized shapes. This segment operates the bertrandite ore mine and refinery located in Utah that provides feedstock hydroxide for its beryllium businesses and external sale. The Advances Materials segment produces advanced chemicals, microelectronics packaging, precious metal, non-precious metal, and specialty metal products, including vapor deposition targets, frame lid assemblies, clad and precious metal pre-forms, high temperature braze materials, and ultra-pure wire. This segment offers its products from its facilities, as well as through direct sales offices and independent sales representatives. The Precision Optics segment designs and produces precision thin film coatings, optical filters, and assemblies. This segment sells its directly from its facilities, as well as through direct sales offices and independent sales representatives throughout the world. The company was formerly known as Brush Engineered Materials Inc. and changed its name to Materion Corporation in 2011. Materion Corporation was incorporated in 1931 and is headquartered in Mayfield Heights, Ohio.Show more
  • Revenue $1.68B +1.2%
  • EBITDA $114M -41.8%
  • Net Income $6M -93.8%
  • EPS (Diluted) 0.28 -93.9%
  • Gross Margin 19.35% -7.7%
  • EBITDA Margin 6.78% -42.4%
  • Operating Margin 2.8% -65.8%
  • Net Margin 0.35% -93.9%
  • ROE 0.67% -94.1%
  • ROIC 2.59% -66.4%
  • Debt/Equity 0.60 +6.7%
  • Interest Coverage 1.36 -68.8%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓12 consecutive years of dividend growth
  • ✓Momentum leader: RS Rating 85 (top 15%)
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Trading near 52-week high

✗Weaknesses

  • ✗Profits declining 35.7% over 5 years
  • ✗Dividend payout exceeds 100% of earnings

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

Price & Volume

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Growth Metrics

Revenue CAGR

10Y4.1%
5Y7.28%
3Y3.7%
TTM3.51%

Profit (Net Income) CAGR

10Y-17.78%
5Y-35.66%
3Y-56.69%
TTM-73.86%

EPS CAGR

10Y-17.85%
5Y-35.91%
3Y-56.91%
TTM-73.24%

ROCE

10Y Avg6.5%
5Y Avg5.67%
3Y Avg6.92%
Latest3.17%

Peer Comparison

Specialty Metals Producers
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
MTRNMaterion Corporation3.05B147.18525.641.17%1.12%2.08%0.23%0.60
GSMFerroglobe PLC987.25M5.29176.33-0.37%-8.58%-14.98%16.93%0.24
LGOLargo Inc.112.96M1.35-1.73-37.13%-57.33%-47.11%0.10
AECAnfield Energy Inc. Common Shares111.68M6.46-8.61-26.29%0.21
UAMYUnited States Antimony Corporation1.23B8.78-548.7571.84%-14.91%-6.88%0.15%0.06

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+1.03B969.24M1.14B1.21B1.19B1.18B1.51B1.76B1.67B1.68B
Revenue Growth %-0.09%-0.05%0.18%0.06%-0.02%-0.01%0.28%0.16%-0.05%0.01%
Cost of Goods Sold+834.49M784.71M926.62M956.45M922.73M983.64M1.23B1.41B1.32B1.36B
COGS % of Revenue0.81%0.81%0.81%0.79%0.78%0.84%0.81%0.8%0.79%0.81%
Gross Profit+190.78M184.53M212.83M251.36M262.69M192.63M283.76M343.88M349.04M325.99M
Gross Margin %0.19%0.19%0.19%0.21%0.22%0.16%0.19%0.2%0.21%0.19%
Gross Profit Growth %-0.08%-0.03%0.15%0.18%0.05%-0.27%0.47%0.21%0.02%-0.07%
Operating Expenses+145.51M155.65M172.8M189.61M192.14M184.42M206.65M224.13M212.6M278.76M
OpEx % of Revenue0.14%0.16%0.15%0.16%0.16%0.16%0.14%0.13%0.13%0.17%
Selling, General & Admin129.94M130.75M145.73M196.16M150.6M130.02M158.69M164.1M155.2M143.02M
SG&A % of Revenue0.13%0.13%0.13%0.16%0.13%0.11%0.11%0.09%0.09%0.08%
Research & Development12.8M12.8M13.98M15.19M18.27M20.28M26.57M28.98M27.54M29.03M
R&D % of Revenue0.01%0.01%0.01%0.01%0.02%0.02%0.02%0.02%0.02%0.02%
Other Operating Expenses2.77M12.1M13.09M-21.74M23.27M34.12M21.39M31.05M29.86M106.72M
Operating Income+45.27M28.88M40.03M61.75M70.55M8.21M77.11M119.75M136.44M47.22M
Operating Margin %0.04%0.03%0.04%0.05%0.06%0.01%0.05%0.07%0.08%0.03%
Operating Income Growth %-0.21%-0.36%0.39%0.54%0.14%-0.88%8.39%0.55%0.14%-0.65%
EBITDA+80.78M72.13M80.38M94.68M109.26M48.8M119.45M171.39M196.29M114.3M
EBITDA Margin %0.08%0.07%0.07%0.08%0.09%0.04%0.08%0.1%0.12%0.07%
EBITDA Growth %-0.18%-0.11%0.11%0.18%0.15%-0.55%1.45%0.43%0.15%-0.42%
D&A (Non-Cash Add-back)35.52M43.25M40.35M32.92M38.72M40.58M42.34M51.64M59.84M67.08M
EBIT34.95M30.57M38.73M26.68M83.04M31.76M83.33M125.89M143.2M136.23M
Net Interest Income+-2.45M-1.79M-2.18M-2.47M-1.58M-3.88M-4.9M-21.91M-31.32M-34.76M
Interest Income0000000000
Interest Expense2.45M1.79M2.18M2.47M1.58M3.88M4.9M21.91M31.32M34.76M
Other Income/Expense-2.45M-3.56M-3.63M-45.15M-5.01M60K214K-16.66M-28.61M-32.32M
Pretax Income+42.82M25.32M36.4M16.34M65.54M8.28M77.33M103.1M107.83M14.9M
Pretax Margin %0.04%0.03%0.03%0.01%0.06%0.01%0.05%0.06%0.06%0.01%
Income Tax+10.66M-425K24.95M-4.5M12.14M-7.19M4.85M17.11M12.13M9.01M
Effective Tax Rate %0.75%1.02%0.31%1.28%0.81%1.87%0.94%0.83%0.89%0.4%
Net Income+32.16M25.74M11.45M20.85M53.39M15.46M72.47M85.99M95.7M5.89M
Net Margin %0.03%0.03%0.01%0.02%0.05%0.01%0.05%0.05%0.06%0%
Net Income Growth %-0.23%-0.2%-0.56%0.82%1.56%-0.71%3.69%0.19%0.11%-0.94%
Net Income (Continuing)32.16M25.74M11.45M20.85M53.39M15.46M72.47M85.99M95.7M5.89M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+1.581.270.561.012.590.753.504.144.580.28
EPS Growth %-0.21%-0.2%-0.56%0.8%1.56%-0.71%3.67%0.18%0.11%-0.94%
EPS (Basic)1.601.290.571.032.620.763.554.194.640.28
Diluted Shares Outstanding20.4M20.21M20.41M20.61M20.66M20.6M20.69M20.76M20.91M20.93M
Basic Shares Outstanding20.1M19.98M20.03M20.21M20.36M20.34M20.42M20.51M20.62M20.73M
Dividend Payout Ratio0.22%0.29%0.69%0.4%0.17%0.6%0.13%0.12%0.11%1.88%

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+346.09M345.28M410.94M439.35M537.75M464M627.25M690.45M709.38M724.22M
Cash & Short-Term Investments24.24M31.46M41.84M70.64M125.01M25.88M14.46M13.1M13.29M16.71M
Cash Only24.24M31.46M41.84M70.64M125.01M25.88M14.46M13.1M13.29M16.71M
Short-Term Investments0000000000
Accounts Receivable97.24M100.82M124.01M130.54M154.75M166.45M223.55M215.21M192.75M193.79M
Days Sales Outstanding34.6237.9739.7339.4547.6551.6554.0144.7142.2541.99
Inventory211.82M200.87M220.35M214.87M236.25M250.78M361.12M423.08M441.6M441.3M
Days Inventory Outstanding92.6593.4386.88293.4593.06107.43109.27122.47118.55
Other Current Assets12.8M12.14M24.73M23.3M00039.06M61.74M72.42M
Total Non-Current Assets+396.55M396.01M380.14M360.99M360.68M593.86M980.23M1B1.05B973.41M
Property, Plant & Equipment263.63M252.63M255.58M251.02M255.69M371.77M472.07M513.01M572.33M575.25M
Fixed Asset Turnover3.89x3.84x4.46x4.81x4.64x3.16x3.20x3.43x2.91x2.93x
Goodwill86.72M86.95M90.68M90.66M79.01M144.92M318.62M319.5M320.87M263.74M
Intangible Assets13.74M11.07M9.85M6.46M6.38M54.67M156.74M143.22M130.97M109.29M
Long-Term Investments0000002K4.75M558K19K
Other Non-Current Assets6.72M5.95M6.99M7.24M17.94M19.36M27.37M17.79M23.71M22.14M
Total Assets+742.64M741.3M791.08M800.34M898.43M1.06B1.61B1.69B1.76B1.7B
Asset Turnover1.38x1.31x1.44x1.51x1.32x1.11x0.94x1.04x0.94x0.99x
Asset Growth %-0.03%-0%0.07%0.01%0.12%0.18%0.52%0.05%0.04%-0.04%
Total Current Liabilities+96.48M90.38M127.11M139.78M122.44M126.88M204.51M238.96M255M226.73M
Accounts Payable31.89M32.53M49.06M49.62M43.21M55.64M86.24M107.9M125.66M105.9M
Days Payables Outstanding13.9515.1319.3218.9417.0920.6525.6627.8734.8528.45
Short-Term Debt8.99M733K777K823K868K1.94M15.36M21.11M38.6M34.27M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities22.04M21.34M28.04M33.3M32.48M40.89M53.39M54.99M45.77M47.52M
Current Ratio3.59x3.82x3.23x3.14x4.39x3.66x3.07x2.89x2.78x3.19x
Quick Ratio1.39x1.60x1.50x1.61x2.46x1.68x1.30x1.12x1.05x1.25x
Cash Conversion Cycle113.32116.26107.2102.51124.01124.06135.79126.11129.87132.08
Total Non-Current Liabilities+163.2M156.83M168.99M106.66M130.25M275.35M682.53M653.02M622.68M602.02M
Long-Term Debt4.28M3.6M2.83M17.29M1.26M36.54M434.39M410.88M387.58M407.73M
Capital Lease Obligations0016.07M15.22M35.52M77.3M73.43M72.93M67.56M75.03M
Deferred Tax Liabilities110K274K213K195K13.1M15.86M27.22M28.21M20.11M3.24M
Other Non-Current Liabilities112.52M111.58M112.98M41.39M47.48M58.88M49.54M33.27M43.45M40.24M
Total Liabilities259.68M247.21M296.1M246.44M252.69M402.23M887.04M891.99M877.67M828.75M
Total Debt+13.61M4.34M3.6M18.11M37.64M115.78M523.17M504.91M493.73M517.04M
Net Debt-10.62M-27.13M-38.24M-52.53M-87.36M89.9M508.71M491.81M480.44M500.32M
Debt / Equity0.03x0.01x0.01x0.03x0.06x0.18x0.73x0.63x0.56x0.60x
Debt / EBITDA0.17x0.06x0.04x0.19x0.34x2.37x4.38x2.95x2.52x4.52x
Net Debt / EBITDA-0.13x-0.38x-0.48x-0.55x-0.80x1.84x4.26x2.87x2.45x4.38x
Interest Coverage18.48x16.14x18.34x24.99x44.68x2.12x15.73x5.47x4.36x1.36x
Total Equity+482.96M494.09M494.98M553.91M645.74M655.63M720.44M799.99M885.05M868.88M
Equity Growth %0.05%0.02%0%0.12%0.17%0.02%0.1%0.11%0.11%-0.02%
Book Value per Share23.6724.4424.2526.8731.2631.8234.8238.5442.3241.52
Total Shareholders' Equity482.96M494.09M494.98M553.91M645.74M655.63M720.44M799.99M885.05M868.88M
Common Stock208.97M212.7M223.48M234.7M249.67M258.64M271.98M288.1M309.49M336.14M
Retained Earnings499.66M517.9M536.12M548.37M624.95M631.06M693.76M769.42M854.33M849.11M
Treasury Stock-148.56M-154.4M-166.13M-175.43M-186.84M-199.19M-209.92M-220.86M-237.75M-261.88M
Accumulated OCI-80.7M-86.18M-102.94M-58.23M-45.46M-38.64M-40.17M-41.91M-41.03M-61.05M
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+90.23M67.17M67.8M76.37M99.22M101.06M90.24M115.96M144.41M87.82M
Operating CF Margin %0.09%0.07%0.06%0.06%0.08%0.09%0.06%0.07%0.09%0.05%
Operating CF Growth %0.5%-0.26%0.01%0.13%0.3%0.02%-0.11%0.28%0.25%-0.39%
Net Income32.16M25.74M11.45M20.85M50.66M15.46M72.47M85.99M95.7M5.89M
Depreciation & Amortization35.12M45M41.6M2.27M59.31M53.27M44.29M53.44M63.36M68.68M
Stock-Based Compensation5.49M3.17M4.96M5.31M7.17M5.53M6.52M8.81M10.5M10.56M
Deferred Taxes4.37M-9.01M20.26M-1.32M2.58M-9.85M-12.96M1.73M0-16.6M
Other Non-Cash Items5.81M37.92M36.69M41.36M-105K1.17M3.86M790K-2.62M82.22M
Working Capital Changes7.28M9.35M-5.56M7.91M-20.4M35.48M-23.95M-34.8M-22.52M-62.93M
Change in Receivables14.78M-4.1M-18.48M-7.22M-23.93M-707K-30.49M-4.38M23.36M-3.72M
Change in Inventory19.37M10.79M-9.46M4.23M24.03M-1.29M-43.46M-63.99M-18.7M-468K
Change in Payables-17.99M2.76M34.43M8.82M-18.57M-21.88M40.22M12.86M0-15.76M
Cash from Investing+-52.03M-37.35M-43.36M-33.83M-26.48M-194.71M-494.27M-79.73M-119.22M-79.61M
Capital Expenditures-52.09M-37.04M-29.08M-34.26M-26.53M-67.27M-102.91M-77.61M-119.88M-80.81M
CapEx % of Revenue0.05%0.04%0.03%0.03%0.02%0.06%0.07%0.04%0.07%0.05%
Acquisitions----------
Investments----------
Other Investing58K1.43M2.22M432K03.25M881K850K654K1.2M
Cash from Financing+-26.09M-22.11M-15.45M-13.61M-18.05M-7.09M393.01M-35.56M-24.85M-4.19M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-7.13M-7.5M-7.91M-8.39M-8.86M-9.26M-9.7M-10.16M-10.62M-11.09M
Share Repurchases----------
Other Financing-1.2M-1.09M-4.51M-3.16M-6.98M-2.22M-7.4M-3.59M1-156K
Net Change in Cash----------
Free Cash Flow+38.14M30.14M38.72M42.11M72.69M33.78M-12.67M38.35M24.54M7.01M
FCF Margin %0.04%0.03%0.03%0.03%0.06%0.03%-0.01%0.02%0.01%0%
FCF Growth %0.28%-0.21%0.28%0.09%0.73%-0.54%-1.38%4.03%-0.36%-0.71%
FCF per Share1.871.491.902.043.521.64-0.611.851.170.33
FCF Conversion (FCF/Net Income)2.81x2.61x5.92x3.66x1.86x6.54x1.25x1.35x1.51x14.91x
Interest Paid0000000032.04M0
Taxes Paid0000000000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)6.83%5.27%2.32%3.97%8.9%2.38%10.53%11.31%11.36%0.67%
Return on Invested Capital (ROIC)7.21%4.61%6.5%9.67%9.99%0.95%5.86%7.13%7.7%2.59%
Gross Margin18.61%19.04%18.68%20.81%22.16%16.38%18.78%19.57%20.96%19.35%
Net Margin3.14%2.66%1%1.73%4.5%1.31%4.8%4.89%5.75%0.35%
Debt / Equity0.03x0.01x0.01x0.03x0.06x0.18x0.73x0.63x0.56x0.60x
Interest Coverage18.48x16.14x18.34x24.99x44.68x2.12x15.73x5.47x4.36x1.36x
FCF Conversion2.81x2.61x5.92x3.66x1.86x6.54x1.25x1.35x1.51x14.91x
Revenue Growth-9.02%-5.47%17.56%6%-1.85%-0.77%28.43%16.32%-5.23%1.17%

Revenue by Segment

2015201620172018201920202021202220232024
Semiconductor--------661.38M716.76M
Semiconductor Growth---------8.37%
Consumer Electronics--------59.88M242.63M
Consumer Electronics Growth---------305.19%
Aerospace and Defense--------175.94M219.96M
Aerospace and Defense Growth---------25.01%
Energy--------140.19M110.48M
Energy Growth----------21.20%
Automotive Electronics--------101.02M84.88M
Automotive Electronics Growth----------15.98%
Other End Market--------253.72M73.27M
Other End Market Growth----------71.12%
Life Sciences---------50.07M
Life Sciences Growth----------
Performance Alloys and Composites---38.53M61.34M44.31M53.51M65.23M--
Performance Alloys and Composites Growth----59.23%-27.76%20.75%21.90%--
Advanced Material Technologies728.75M437.25M590.79M28.44M2.98M2.18M173K149K--
Advanced Material Technologies Growth--40.00%35.12%-95.19%-89.52%-26.77%-92.08%-13.87%--
Precision Optics-----456K2.57M---
Precision Optics Growth------464.04%---
Precision Coatings-144.45M119.22M59K711K-----
Precision Coatings Growth---17.47%-99.95%1105.08%-----
Performance Alloys730.66M387.54M429.44M-------
Performance Alloys Growth--46.96%10.81%-------
Others250.21M---------
Others Growth----------
Subtotal247.54M---------
Subtotal Growth----------
Corporate-2.66M---------
Corporate Growth----------

Revenue by Geography

2015201620172018201920202021202220232024
UNITED STATES639.44M639.67M650.67M726.88M743.35M641.73M794.86M867.05M815.41M720.45M
UNITED STATES Growth-0.04%1.72%11.71%2.27%-13.67%23.86%9.08%-5.96%-11.65%
Asia247.17M193.74M265.99M270.67M256.11M329.97M426.3M519.39M406.12M508.33M
Asia Growth--21.62%37.29%1.76%-5.38%28.84%29.20%21.84%-21.81%25.17%
Europe122.55M121.65M205.12M186.08M169.13M189.28M270.21M355.69M422.02M431.31M
Europe Growth--0.74%68.62%-9.28%-9.11%11.91%42.76%31.63%18.65%2.20%
All Other Countries Member16.11M14.17M17.66M24.18M16.83M15.3M19.27M14.97M21.64M24.64M
All Other Countries Member Growth--12.01%24.62%36.90%-30.39%-9.12%25.94%-22.30%44.54%13.89%

Frequently Asked Questions

Growth & Financials

Materion Corporation (MTRN) reported $1.73B in revenue for fiscal year 2024. This represents a 13% increase from $1.53B in 2011.

Materion Corporation (MTRN) grew revenue by 1.2% over the past year. Growth has been modest.

Yes, Materion Corporation (MTRN) is profitable, generating $19.4M in net income for fiscal year 2024 (0.3% net margin).

Dividend & Returns

Yes, Materion Corporation (MTRN) pays a dividend with a yield of 0.36%. This makes it attractive for income-focused investors.

Materion Corporation (MTRN) has a return on equity (ROE) of 0.7%. This is below average, suggesting room for improvement.

Materion Corporation (MTRN) generated $78.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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