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Minerals Technologies Inc. (MTX) 10-Year Financial Performance & Capital Metrics

MTX • • Industrial / General
Basic MaterialsSpecialty ChemicalsCatalysts & Process ChemicalsRefining & Petrochemical Catalysts
AboutMinerals Technologies Inc. develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services. The company operates through three segments: Performance Materials, Specialty Minerals and Refractories. The Performance Materials segment supplies bentonite and bentonite-related products, as well as leonardite. This segment also offers metal casting products; household, personal care, and specialty products; and basic minerals, environmental products, and building materials. In addition, it provides products for non-residential construction, environmental, and infrastructure projects, as well as for construction and remediation project customers. The Specialty Minerals segment produces and sells precipitated calcium carbonate and quicklime; and provides natural mineral products comprising limestone and talc. This segment's products are used in paper and packaging, building materials, paint and coatings, glass, ceramic, polymer, food, automotive, and pharmaceutical industries. The Refractories segment offers monolithic and shaped refractory materials; specialty products, services, and application and measurement equipment; and calcium metal and metallurgical wire products that are used in the applications of steel, non-ferrous metal, and glass industries. The company markets its products primarily through its direct sales force, as well as regional distributors. It serves in the United States, Canada, Latin America, Europe, Africa, and Asia. Minerals Technologies Inc. was incorporated in 1968 and is headquartered in New York, New York.Show more
  • Revenue $2.12B -2.4%
  • EBITDA $393M +1.5%
  • Net Income $167M +98.7%
  • EPS (Diluted) 5.17 +100.4%
  • Gross Margin 25.28% +11.0%
  • EBITDA Margin 18.56% +4.0%
  • Operating Margin 13.48% +4.5%
  • Net Margin 7.89% +103.5%
  • ROE 9.63% +89.0%
  • ROIC 8.72% +2.2%
  • Debt/Equity 0.57 -9.1%
  • Interest Coverage 4.59 +3.5%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 8/9
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Trading at only 1.2x book value

✗Weaknesses

No significant weaknesses identified

* 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

10Y2.08%
5Y3.42%
3Y4.47%
TTM-2.53%

Profit (Net Income) CAGR

10Y6.1%
5Y4.72%
3Y0.54%
TTM-101.05%

EPS CAGR

10Y6.91%
5Y6.46%
3Y2.08%
TTM-100.42%

ROCE

10Y Avg9.11%
5Y Avg8.73%
3Y Avg9.33%
Latest9.7%

Peer Comparison

Refining & Petrochemical Catalysts
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
IOSPInnospec Inc.2.03B81.8957.67-5.31%-0.07%-0.09%7.05%0.04
MTXMinerals Technologies Inc.2.11B67.6413.08-2.37%-0.08%-0.09%6.98%0.57
CBTCabot Corporation3.89B73.5612.22-7.04%8.91%19.67%10.05%0.66
SSLSasol Limited4.51B7.150.68-9.46%-7.15%-23.8%100%0.77
ALBAlbemarle Corporation20.45B173.78-15.52-44.08%-0.43%-0.21%0.35
ECVTEcovyst Inc.1.23B10.79-179.831.94%-14.33%-17.66%6.58%1.28

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+1.8B1.64B1.68B1.81B1.79B1.59B1.86B2.13B2.17B2.12B
Revenue Growth %0.04%-0.09%0.02%0.08%-0.01%-0.11%0.17%0.14%0.02%-0.02%
Cost of Goods Sold+1.33B1.19B1.22B1.35B1.36B1.2B1.42B1.67B1.68B1.58B
COGS % of Revenue0.74%0.72%0.73%0.75%0.76%0.75%0.77%0.79%0.77%0.75%
Gross Profit+463.2M452.2M459.2M452.6M431.5M396.1M435.9M452.3M494.4M535.6M
Gross Margin %0.26%0.28%0.27%0.25%0.24%0.25%0.23%0.21%0.23%0.25%
Gross Profit Growth %0.08%-0.02%0.02%-0.01%-0.05%-0.08%0.1%0.04%0.09%0.08%
Operating Expenses+205.9M195M196.4M192.5M198.7M187.1M195.1M199.8M214.5M250.1M
OpEx % of Revenue0.11%0.12%0.12%0.11%0.11%0.12%0.1%0.09%0.1%0.12%
Selling, General & Admin182.3M171.2M172.7M169.8M178.4M167.2M175.6M179.4M193.3M227.1M
SG&A % of Revenue0.1%0.1%0.1%0.09%0.1%0.1%0.09%0.08%0.09%0.11%
Research & Development23.6M23.8M23.7M22.7M20.3M19.9M19.5M20.4M21.2M23M
R&D % of Revenue0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Other Operating Expenses0000000000
Operating Income+257.3M257.2M262.8M260.1M232.8M209M240.8M252.5M279.9M285.5M
Operating Margin %0.14%0.16%0.16%0.14%0.13%0.13%0.13%0.12%0.13%0.13%
Operating Income Growth %0.12%-0%0.02%-0.01%-0.1%-0.1%0.15%0.05%0.11%0.02%
EBITDA+358.4M351.6M349.7M350.6M339.4M310.8M343M355.8M387.2M393.1M
EBITDA Margin %0.2%0.21%0.21%0.19%0.19%0.19%0.18%0.17%0.18%0.19%
EBITDA Growth %0.14%-0.02%-0.01%0%-0.03%-0.08%0.1%0.04%0.09%0.02%
D&A (Non-Cash Add-back)101.1M94.4M86.9M90.5M106.6M101.8M102.2M103.3M107.3M107.6M
EBIT193.5M224.7M234.3M250M202.7M178.1M242.9M204M170.8M285.8M
Net Interest Income+-60.9M-54.4M-43.4M-45.9M-43.2M-38.2M-37.2M-43.9M-59.2M-56.4M
Interest Income00002.2M1.9M3.4M3.4M3.9M5.8M
Interest Expense60.9M54.4M43.4M45.9M45.4M40.1M40.6M47.3M63.1M62.2M
Other Income/Expense-122.9M-84.8M-70.4M-52.5M-73.6M-68.8M-35.7M-94.1M-167.9M-55.2M
Pretax Income+134.4M172.4M192.4M207.6M159.2M140.2M205.1M158.4M112M230.3M
Pretax Margin %0.07%0.11%0.11%0.11%0.09%0.09%0.11%0.07%0.05%0.11%
Income Tax+22.8M35.3M-6.6M34.4M22.8M24.4M36.6M32.1M23.7M59.4M
Effective Tax Rate %0.8%0.77%1.01%0.81%0.83%0.8%0.8%0.77%0.75%0.73%
Net Income+107.9M133.4M195.1M169M132.7M112.4M164.4M122.2M84.1M167.1M
Net Margin %0.06%0.08%0.12%0.09%0.07%0.07%0.09%0.06%0.04%0.08%
Net Income Growth %0.17%0.24%0.46%-0.13%-0.21%-0.15%0.46%-0.26%-0.31%0.99%
Net Income (Continuing)111.6M137.1M199M173.2M136.4M115.8M168.5M126.3M88.3M170.9M
Discontinued Operations0000000000
Minority Interest27.2M24.4M27.4M31.8M31.9M37.9M40.2M33.7M34.7M36.2M
EPS (Diluted)+3.083.795.484.753.783.294.863.732.585.17
EPS Growth %0.16%0.23%0.45%-0.13%-0.2%-0.13%0.48%-0.23%-0.31%1%
EPS (Basic)3.113.825.544.793.793.294.893.742.595.21
Diluted Shares Outstanding35M35.2M35.6M35.6M35.1M34.2M33.8M32.8M32.6M32.3M
Basic Shares Outstanding34.7M34.9M35.2M35.3M35M34.2M33.6M32.7M32.5M32.1M
Dividend Payout Ratio0.06%0.05%0.04%0.04%0.05%0.06%0.04%0.05%0.1%0.08%

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+803.6M751.1M852.2M876.3M919.2M1.03B1.03B1.07B1.1B1.13B
Cash & Short-Term Investments232M190.5M214.9M212.6M243.2M371.8M304.4M252.8M321.5M337.1M
Cash Only229.4M188.5M212.2M208.8M241.6M367.7M299.5M247.2M317.2M333.1M
Short-Term Investments2.6M2M2.7M3.8M1.6M4.1M4.9M5.6M4.3M4M
Accounts Receivable348.7M341.3M383M387.3M376.2M369M367.8M404M399.1M385.2M
Days Sales Outstanding70.876.0583.4278.2176.6784.4572.2469.3867.1366.37
Inventory194.9M186.9M219.3M239.2M253.3M248.2M298.3M348.8M325.4M342.1M
Days Inventory Outstanding53.3157.5365.864.4368.0175.5876.5576.0970.8978.88
Other Current Assets3.1M4.4M4.9M5.2M11.1M9.2M17.4M21.6M8M5.5M
Total Non-Current Assets+2.18B2.11B2.12B2.21B2.19B2.18B2.35B2.33B2.25B2.26B
Property, Plant & Equipment1.1B1.05B1.06B1.1B1.1B1.09B1.1B1.1B1.03B1.04B
Fixed Asset Turnover1.63x1.56x1.58x1.64x1.63x1.46x1.69x1.93x2.10x2.04x
Goodwill781.2M778.7M779.3M812.4M807.4M808.5M905.9M914.8M913.6M913.8M
Intangible Assets212.7M204.4M196.5M214.1M203M195.8M252.6M241.9M231M218.1M
Long-Term Investments0002.7M10.6M400K8.2M00300K
Other Non-Current Assets47.6M50.3M55.5M52.4M51.8M55.3M56.7M50.5M56.1M79.3M
Total Assets+2.98B2.86B2.97B3.09B3.11B3.21B3.37B3.4B3.35B3.39B
Asset Turnover0.60x0.57x0.56x0.59x0.58x0.50x0.55x0.62x0.65x0.62x
Asset Growth %-0.08%-0.04%0.04%0.04%0.01%0.03%0.05%0.01%-0.02%0.01%
Total Current Liabilities+318.6M295.5M310M381.9M398.5M295.8M419.8M502.6M457.3M397.7M
Accounts Payable152.4M144.9M179M169.1M163.4M148.3M196.1M193.8M188.7M185.5M
Days Payables Outstanding41.6944.653.7145.5543.8745.1650.3242.2841.1142.77
Short-Term Debt9.6M12.9M10.1M108.5M115.2M12.7M92.5M147.7M116.9M26.1M
Deferred Revenue (Current)0000000000
Other Current Liabilities75.4M54.9M57.1M54.6M65M65.8M73.3M96.3M78.5M91.2M
Current Ratio2.52x2.54x2.75x2.29x2.31x3.49x2.45x2.13x2.40x2.84x
Quick Ratio1.91x1.91x2.04x1.67x1.67x2.66x1.74x1.44x1.69x1.98x
Cash Conversion Cycle82.4388.9895.5297.09100.8114.8798.47103.1996.91102.48
Total Non-Current Liabilities+1.72B1.54B1.38B1.32B1.28B1.41B1.37B1.29B1.2B1.21B
Long-Term Debt1.26B1.07B959.8M907.8M824.3M933.2M936.2M928.1M911.1M959.6M
Capital Lease Obligations000043.3M49.2M47.2M43.9M37.9M38.7M
Deferred Tax Liabilities252M238.8M159.4M196.8M180.6M163.7M188.1M180.4M139.3M130.5M
Other Non-Current Liabilities216.4M228.3M262.1M215.3M231.3M268.8M203.4M133.4M114.3M84.2M
Total Liabilities2.04B1.83B1.69B1.7B1.68B1.71B1.79B1.79B1.66B1.61B
Total Debt+1.26B1.08B969.9M1.02B982.8M995.1M1.08B1.12B1.07B1.02B
Net Debt1.04B894.3M757.7M807.5M741.2M627.4M776.4M872.5M748.7M691.3M
Debt / Equity1.35x1.05x0.76x0.73x0.69x0.66x0.68x0.69x0.63x0.57x
Debt / EBITDA3.53x3.08x2.77x2.90x2.90x3.20x3.14x3.15x2.75x2.61x
Net Debt / EBITDA2.89x2.54x2.17x2.30x2.18x2.02x2.26x2.45x1.93x1.76x
Interest Coverage4.22x4.73x6.06x5.67x5.13x5.21x5.93x5.34x4.44x4.59x
Total Equity+937.7M1.03B1.28B1.39B1.43B1.5B1.58B1.61B1.69B1.78B
Equity Growth %0.05%0.1%0.24%0.08%0.04%0.04%0.05%0.02%0.05%0.06%
Book Value per Share26.7929.2935.9338.9140.8743.8246.7349.1851.7455.21
Total Shareholders' Equity910.5M1.01B1.25B1.35B1.4B1.46B1.54B1.58B1.65B1.75B
Common Stock4.8M4.8M4.9M4.9M4.9M4.9M4.9M4.9M4.9M5M
Retained Earnings1.29B1.42B1.61B1.77B1.91B2.01B2.17B2.28B2.36B2.51B
Treasury Stock-593.7M-596.3M-597M-618.7M-659.7M-700.4M-775.1M-831.1M-845.3M-909.3M
Accumulated OCI-180.9M-221.1M-186.1M-233.7M-290.4M-308.3M-333.6M-366.5M-369.4M-387.1M
Minority Interest27.2M24.4M27.4M31.8M31.9M37.9M40.2M33.7M34.7M36.2M

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+270M225.1M207.6M202.1M238.3M240.6M232.4M105.7M233.6M236.4M
Operating CF Margin %0.15%0.14%0.12%0.11%0.13%0.15%0.13%0.05%0.11%0.11%
Operating CF Growth %-0.13%-0.17%-0.08%-0.03%0.18%0.01%-0.03%-0.55%1.21%0.01%
Net Income107.9M133.4M195.1M169M132.7M112.4M164.4M122.2M84.1M167.1M
Depreciation & Amortization101.1M94.4M86.9M90.5M106.6M101.8M102.2M103.3M107.3M107.6M
Stock-Based Compensation0000000000
Deferred Taxes-2.5M-10.9M-76.1M15.4M-1.4M-2.7M2.1M-17.2M-34.8M-7.6M
Other Non-Cash Items58.7M38.9M34.5M29.3M39.3M38.8M31.8M35.8M98.7M33.2M
Working Capital Changes4.8M-30.7M-32.8M-102.1M-38.9M-9.7M-68.1M-138.4M-21.7M-63.9M
Change in Receivables36.6M-4.9M-27.3M-3M9.9M13.7M-7.2M-48.3M1.8M5.2M
Change in Inventory3.1M3.1M-25.2M-14.7M-16M8.3M-58.2M-66.1M18.7M-26.2M
Change in Payables-9.7M-4.8M28M-11.2M-5.1M-16.7M43M7.2M-2.9M2.3M
Cash from Investing+-84.6M-61.6M-77.5M-196.3M-61.4M-77M-278.6M-101.6M-91.7M-94.5M
Capital Expenditures-86M-62.4M-76.7M-75.9M-65M-76M-86M-82.3M-93.5M-89.5M
CapEx % of Revenue0.05%0.04%0.05%0.04%0.04%0.05%0.05%0.04%0.04%0.04%
Acquisitions----------
Investments----------
Other Investing0-1.9M-1.5M-900K800K02.2M2M1.3M-12.7M
Cash from Financing+-183.8M-194.8M-118.2M2M-143.9M-44.7M5.6M-34.1M-71.7M-110.4M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-7M-7M-7M-7.1M-7M-6.8M-6.8M-6.5M-8.1M-13.2M
Share Repurchases----------
Other Financing-600K-4.6M-6M-4.9M-5.9M-2.7M-4.5M-11M-5.2M-3.8M
Net Change in Cash----------
Free Cash Flow+184M162.7M130.9M126.2M173.3M164.6M146.4M23.4M140.1M146.9M
FCF Margin %0.1%0.1%0.08%0.07%0.1%0.1%0.08%0.01%0.06%0.07%
FCF Growth %-0.2%-0.12%-0.2%-0.04%0.37%-0.05%-0.11%-0.84%4.99%0.05%
FCF per Share5.264.623.683.544.944.814.330.714.304.55
FCF Conversion (FCF/Net Income)2.50x1.69x1.06x1.20x1.80x2.14x1.41x0.86x2.78x1.41x
Interest Paid0000000000
Taxes Paid0000000000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)11.81%13.55%16.89%12.69%9.41%7.66%10.68%7.66%5.1%9.63%
Return on Invested Capital (ROIC)9.47%9.9%9.95%9.22%7.99%7.29%8.06%7.82%8.53%8.72%
Gross Margin25.77%27.61%27.4%25.04%24.09%24.84%23.46%21.28%22.78%25.28%
Net Margin6%8.14%11.64%9.35%7.41%7.05%8.85%5.75%3.88%7.89%
Debt / Equity1.35x1.05x0.76x0.73x0.69x0.66x0.68x0.69x0.63x0.57x
Interest Coverage4.22x4.73x6.06x5.67x5.13x5.21x5.93x5.34x4.44x4.59x
FCF Conversion2.50x1.69x1.06x1.20x1.80x2.14x1.41x0.86x2.78x1.41x
Revenue Growth4.21%-8.88%2.3%7.87%-0.92%-10.95%16.52%14.38%2.09%-2.37%

Revenue by Segment

2021202220232024
Specialty Additives--642.6M610.2M
Specialty Additives Growth----5.04%
Household and Personal Care--517.6M530M
Household and Personal Care Growth---2.40%
Performance Materials-1.13B--
Performance Materials Growth----
Specialty Minerals-648.4M--
Specialty Minerals Growth----
Refractories-349.4M--
Refractories Growth----
Household, Personal Care and Specialty Products460.5M---
Household, Personal Care and Specialty Products Growth----
Paper PCC349.7M---
Paper PCC Growth----
Metalcasting319.2M---
Metalcasting Growth----
Refractory Products237.1M---
Refractory Products Growth----
Environmental Products136.3M---
Environmental Products Growth----
Ground Calcium Carbonate98.1M---
Ground Calcium Carbonate Growth----
Specialty PCC77.1M---
Specialty PCC Growth----
Metallurgical Products66.3M---
Metallurgical Products Growth----
Building Materials60M---
Building Materials Growth----
Talc54M---
Talc Growth----

Revenue by Geography

2021202220232024
U.S. Plans959.6M1.14B1.14B1.09B
U.S. Plans Growth-18.34%0.74%-4.77%
Europe/Africa441.9M496.8M525.5M521.1M
Europe/Africa Growth-12.42%5.78%-0.84%
Asia357M344.8M350.2M356.8M
Asia Growth--3.42%1.57%1.88%
Canada/Latin America99.8M148.3M150.2M151.2M
Canada/Latin America Growth-48.60%1.28%0.67%

Frequently Asked Questions

Valuation & Price

Minerals Technologies Inc. (MTX) has a price-to-earnings (P/E) ratio of 13.1x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Minerals Technologies Inc. (MTX) reported $2.07B in revenue for fiscal year 2024. This represents a 98% increase from $1.04B in 2011.

Minerals Technologies Inc. (MTX) saw revenue decline by 2.4% over the past year.

Minerals Technologies Inc. (MTX) reported a net loss of $1.6M for fiscal year 2024.

Dividend & Returns

Yes, Minerals Technologies Inc. (MTX) pays a dividend with a yield of 0.60%. This makes it attractive for income-focused investors.

Minerals Technologies Inc. (MTX) has a return on equity (ROE) of 9.6%. This is below average, suggesting room for improvement.

Minerals Technologies Inc. (MTX) generated $97.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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