Materion Corporation (MTRN) Financial Ratios
30 years of historical data (1996–2025) · Basic Materials · Industrial Materials
EV/EBITDA
↓
34.11
↑+90% vs avg
5yr avg: 17.94
30Y Low4.5·High40.2
P/FCF
↑
114.48
-9% vs avg
5yr avg: 126.39
30Y Low6.4·High110.9
P/B Ratio
↑
6.10
↑+132% vs avg
5yr avg: 2.62
30Y Low0.6·High3.1
ROE
↓
8.3%
-2% vs avg
5yr avg: 8.4%
30Y Low-19%·High20%
Debt/EBITDA
↓
3.25
↓-8% vs avg
5yr avg: 3.52
30Y Low0.0·High9.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MTRN Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Materion Corporation trades at 76.8x earnings, 17% below its 5-year average of 92.7x, sitting at the 92nd percentile of its historical range. Compared to the Basic Materials sector median P/E of 23.6x, the stock trades at a premium of 226%. On a free-cash-flow basis, the stock trades at 114.5x P/FCF, 9% below the 5-year average of 126.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $5.7B | $2.6B | $2.1B | $2.7B | $1.8B | $1.9B | $1.3B | $1.2B | $927M | $992M | $800M |
| Enterprise Value | $6.3B | $3.2B | $2.6B | $3.2B | $2.3B | $2.4B | $1.4B | $1.1B | $875M | $954M | $773M |
| P/E Ratio → | 76.81 | 34.73 | 353.14 | 28.41 | 21.14 | 26.27 | 84.96 | 22.95 | 44.54 | 86.79 | 31.18 |
| P/S Ratio | 3.20 | 1.46 | 1.23 | 1.63 | 1.03 | 1.26 | 1.12 | 1.04 | 0.77 | 0.87 | 0.83 |
| P/B Ratio | 6.10 | 2.76 | 2.38 | 3.07 | 2.27 | 2.64 | 2.00 | 1.90 | 1.67 | 2.00 | 1.62 |
| P/FCF | 114.48 | 52.03 | 295.24 | 110.90 | 47.37 | — | 38.86 | 16.89 | 22.02 | 25.62 | 26.56 |
| P/OCF | 55.40 | 25.18 | 23.56 | 18.84 | 15.67 | 21.08 | 12.99 | 12.38 | 12.14 | 14.63 | 11.92 |
P/E links to full P/E history page with 30-year chart
MTRN EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Materion Corporation's enterprise value stands at 34.1x EBITDA, 90% above its 5-year average of 17.9x. The Basic Materials sector median is 11.0x, placing the stock at a 210% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.78 | 1.53 | 1.92 | 1.31 | 1.60 | 1.19 | 0.96 | 0.72 | 0.84 | 0.80 |
| EV / EBITDA | 34.11 | 17.23 | 22.48 | 16.31 | 13.47 | 20.18 | 28.74 | 10.44 | 9.24 | 11.87 | 10.72 |
| EV / EBIT | 54.44 | 27.51 | 18.86 | 22.36 | 18.34 | 28.93 | 44.16 | 13.73 | 32.79 | 24.63 | 25.30 |
| EV / FCF | — | 63.79 | 366.63 | 130.47 | 60.20 | — | 41.52 | 15.69 | 20.77 | 24.64 | 25.66 |
MTRN Profitability
Margins and return-on-capital ratios measuring operating efficiency
Materion Corporation earns an operating margin of 6.5%, below the Basic Materials sector average of 10.3%. Operating margins have compressed from 8.2% to 6.5% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 8.3% is modest. ROIC of 6.0% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 16.7% | 16.7% | 19.3% | 21.0% | 19.6% | 18.8% | 16.4% | 22.2% | 20.8% | 18.7% | 19.0% |
| Operating Margin | 6.5% | 6.5% | 2.8% | 8.2% | 6.8% | 5.1% | 0.7% | 6.0% | 5.1% | 3.5% | 3.0% |
| Net Profit Margin | 4.2% | 4.2% | 0.3% | 5.7% | 4.9% | 4.8% | 1.3% | 4.5% | 1.7% | 1.0% | 2.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.3% | 8.3% | 0.7% | 11.4% | 11.3% | 10.5% | 2.4% | 8.9% | 4.0% | 2.3% | 5.3% |
| ROA | 4.3% | 4.3% | 0.3% | 5.5% | 5.2% | 5.4% | 1.6% | 6.3% | 2.6% | 1.5% | 3.5% |
| ROIC | 6.0% | 6.0% | 2.6% | 7.7% | 7.1% | 5.9% | 0.9% | 10.0% | 9.7% | 6.5% | 4.6% |
| ROCE | 7.7% | 7.7% | 3.2% | 9.2% | 8.4% | 6.6% | 1.0% | 9.8% | 9.3% | 6.1% | 4.5% |
MTRN Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Materion Corporation carries a Debt/EBITDA ratio of 3.2x, which is moderately leveraged (34% above the sector average of 2.4x). Net debt stands at $587M ($601M total debt minus $14M cash). Interest coverage of 4.2x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.64 | 0.64 | 0.60 | 0.56 | 0.63 | 0.73 | 0.18 | 0.06 | 0.03 | 0.01 | 0.01 |
| Debt / EBITDA | 3.25 | 3.25 | 4.52 | 2.52 | 2.95 | 4.38 | 2.37 | 0.34 | 0.19 | 0.04 | 0.06 |
| Net Debt / Equity | — | 0.62 | 0.58 | 0.54 | 0.61 | 0.71 | 0.14 | -0.14 | -0.09 | -0.08 | -0.05 |
| Net Debt / EBITDA | 3.18 | 3.18 | 4.38 | 2.45 | 2.87 | 4.26 | 1.84 | -0.80 | -0.55 | -0.48 | -0.38 |
| Debt / FCF | — | 11.75 | 71.38 | 19.58 | 12.82 | — | 2.66 | -1.20 | -1.25 | -0.99 | -0.90 |
| Interest Coverage | 4.19 | 4.19 | 3.92 | 4.57 | 5.75 | 17.00 | 8.19 | 52.59 | 10.80 | 17.74 | 17.09 |
MTRN Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Materion Corporation's current ratio of 3.11x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.29x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 2.78x to 3.11x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.11 | 3.11 | 3.19 | 2.78 | 2.89 | 3.07 | 3.66 | 4.39 | 3.14 | 3.23 | 3.82 |
| Quick Ratio | 1.29 | 1.29 | 1.25 | 1.05 | 1.12 | 1.30 | 1.68 | 2.46 | 1.61 | 1.50 | 1.60 |
| Cash Ratio | 0.05 | 0.05 | 0.07 | 0.05 | 0.05 | 0.07 | 0.20 | 1.02 | 0.51 | 0.33 | 0.35 |
| Asset Turnover | — | 0.99 | 0.99 | 0.94 | 1.04 | 0.94 | 1.11 | 1.32 | 1.51 | 1.44 | 1.31 |
| Inventory Turnover | 3.23 | 3.23 | 3.08 | 2.98 | 3.34 | 3.40 | 3.92 | 3.91 | 4.45 | 4.21 | 3.91 |
| Days Sales Outstanding | — | 45.54 | 41.99 | 42.25 | 44.71 | 54.01 | 51.65 | 47.65 | 39.45 | 39.73 | 37.97 |
MTRN Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Materion Corporation returns 0.4% to shareholders annually — split between a 0.2% dividend yield and 0.2% buyback yield. The payout ratio of 15.4% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 1.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.2% | 0.4% | 0.5% | 0.4% | 0.6% | 0.5% | 0.7% | 0.7% | 0.9% | 0.8% | 0.9% |
| Payout Ratio | 15.4% | 15.4% | 188.3% | 11.1% | 11.8% | 13.4% | 59.9% | 16.6% | 40.2% | 69.1% | 29.1% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.3% | 2.9% | 0.3% | 3.5% | 4.7% | 3.8% | 1.2% | 4.4% | 2.2% | 1.2% | 3.2% |
| FCF Yield | 0.9% | 1.9% | 0.3% | 0.9% | 2.1% | — | 2.6% | 5.9% | 4.5% | 3.9% | 3.8% |
| Buyback Yield | 0.2% | 0.4% | 0.4% | 0.2% | 0.0% | 0.2% | 0.5% | 0.0% | 0.0% | 0.1% | 0.5% |
| Total Shareholder Yield | 0.4% | 0.8% | 0.9% | 0.6% | 0.6% | 0.7% | 1.2% | 0.7% | 1.0% | 0.9% | 1.4% |
| Shares Outstanding | — | $21M | $21M | $21M | $21M | $21M | $21M | $21M | $21M | $20M | $20M |
Peer Comparison
Compare MTRN with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 MTRNYou | $6B | 76.8 | 34.1 | 114.5 | 16.7% | 6.5% | 8.3% | 6.0% | 3.2 |
 MP | $11B | -121.8 | — | — | -2.4% | -44.6% | -5.0% | -4.7% | — |
 CSTM | $5B | 17.7 | 8.0 | 29.1 | 10.1% | 5.6% | 32.2% | 13.4% | 2.4 |
 KALU | $3B | 27.0 | 13.0 | — | 9.5% | 5.7% | 15.1% | 7.8% | 3.6 |
 CRS | $29B | 79.0 | 44.7 | 101.8 | 26.7% | 18.1% | 21.4% | 17.5% | 1.1 |
 ATI | $28B | 70.6 | 35.8 | 82.6 | 21.8% | 13.8% | 20.9% | 14.5% | 2.4 |
 ESI | $11B | 58.2 | 24.7 | 49.2 | 42.0% | 13.4% | 7.5% | 6.7% | 3.3 |
 AMG | $9B | 15.5 | 12.2 | 9.4 | 86.0% | 31.8% | 15.8% | 8.1% | 2.8 |
 AMRK | $1B | 65.8 | 27.8 | 8.2 | 1.9% | 0.4% | 2.5% | 2.4% | 12.6 |
 RGLD | $15B | 32.1 | 18.6 | 21.2 | 69.3% | 64.5% | 9.0% | 9.2% | 1.1 |
 TROX | $1B | -2.5 | 16.2 | — | 9.3% | -0.7% | -29.0% | -0.3% | 12.8 |
| Basic Materials Median | — | 23.6 | 11.0 | 29.0 | 30.9% | 10.3% | -0.0% | 4.6% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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MTRN — Frequently Asked Questions
Quick answers to the most common questions about buying MTRN stock.
What is Materion Corporation's P/E ratio?
Materion Corporation's current P/E ratio is 76.8x. The historical average is 28.1x. This places it at the 92th percentile of its historical range.
What is Materion Corporation's EV/EBITDA?
Materion Corporation's current EV/EBITDA is 34.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.4x.
What is Materion Corporation's ROE?
Materion Corporation's return on equity (ROE) is 8.3%. The historical average is 5.5%.
Is MTRN stock overvalued?
Based on historical data, Materion Corporation is trading at a P/E of 76.8x. This is at the 92th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Materion Corporation's dividend yield?
Materion Corporation's current dividend yield is 0.20% with a payout ratio of 15.4%.
What are Materion Corporation's profit margins?
Materion Corporation has 16.7% gross margin and 6.5% operating margin.
How much debt does Materion Corporation have?
Materion Corporation's Debt/EBITDA ratio is 3.2x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.