MTRN

MKT CAP:$4B

Materion Corporation

Market Cap

$4B

Basic Materials·Industrial Materials·🇺🇸 United States·NYSE

Materials·Industrial·🇺🇸·NYSE

Stock Price

$181.20+$52.67 (+40.98%)

Apr 20, 2026

Company Details

Materion 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...

CEO

Jugal K. Vijayvargiya

IPO Date

Mar 17, 1980

Website

materion.com

Key Metrics TTM

Revenue

$1.8B

+5.7% YoY

Net Income

$75M

EPS (Diluted)

$3.59

Free Cash Flow

$21M

Revenue / Share

$84.96

Gross Margin

16.8%

Operating Margin

6.3%

Net Margin

4.2%

FCF Margin

1.2%

P/S

2.2x

P/E

51.9x

Earnings Reports

Q1 2026

May 7, 2026

PENDING

FY 2025

Feb 12, 2026

$1.8B+6.0%EPS $3.58

Q4 2025

Feb 12, 2026

$490M+12.1%EPS $0.31

Q3 2025

Oct 30, 2025

$438M+0.4%EPS $1.22

Q2 2025

Jul 30, 2025

$432M+1.4%EPS $1.21

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$449M	$75M	$20M
Q2 22	$445M	$87M	$32M
Q3 22	$428M	$83M	$29M
Q4 22	$435M	$91M	$39M
Q1 23	$443M	$91M	$37M
Q2 23	$399M	$89M	$35M
Q3 23	$403M	$89M	$37M
Q4 23	$421M	$80M	$28M
Q1 24	$385M	$71M	$22M
Q2 24	$426M	$78M	$35M
Q3 24	$437M	$81M	$31M
Q4 24	$437M	$93M	-$38M
Q1 25	$420M	$76M	$27M
Q2 25	$432M	$83M	$37M
Q3 25	$438M	$80M	$35M
Q4 25	$490M	$61M	$12M

Valuation

Quarter	P/S	P/E
Q1 22	2.4x	55.7x
Q2 22	2.3x	51.7x
Q3 22	2.3x	50.5x
Q4 22	2.2x	45.2x
Q1 23	2.2x	39.8x
Q2 23	2.3x	39.5x
Q3 23	2.3x	37.0x
Q4 23	2.3x	40.6x
Q1 24	2.4x	46.5x
Q2 24	2.4x	49.5x
Q3 24	2.3x	52.3x
Q4 24	2.3x	659.5x
Q1 25	2.3x	381.6x
Q2 25	2.3x	238.5x
Q3 25	2.2x	200.2x
Q4 25	2.2x	51.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$14M	-$33M
Q2 22	$36M	$17M
Q3 22	$13M	-$4M
Q4 22	$82M	$58M
Q1 23	$38M	$8M
Q2 23	$32M	-$655.0K
Q3 23	$14M	-$18M
Q4 23	$60M	$35M
Q1 24	-$14M	-$40M
Q2 24	$20M	-$2M
Q3 24	$5M	-$7M
Q4 24	$76M	$57M
Q1 25	$16M	-$6M
Q2 25	$47M	$33M
Q3 25	$18M	-$5M
Q4 25	$20M	-$1M

Capital Expenditures

Quarter	CapEx
Q1 22	$19M
Q2 22	$19M
Q3 22	$17M
Q4 22	$23M
Q1 23	$30M
Q2 23	$33M
Q3 23	$31M
Q4 23	$25M
Q1 24	$27M
Q2 24	$22M
Q3 24	$12M
Q4 24	$20M
Q1 25	$21M
Q2 25	$14M
Q3 25	$24M
Q4 25	$21M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+26.7%	+28.3%
Q2 22	+20.0%	+18.0%
Q3 22	+10.4%	+8.8%
Q4 22	+9.4%	+3.6%
Q1 23	-1.5%	-5.6%
Q2 23	-10.5%	-12.1%
Q3 23	-5.9%	-8.2%
Q4 23	-3.1%	-0.5%
Q1 24	-12.9%	-10.5%
Q2 24	+6.8%	+7.5%
Q3 24	+8.3%	+10.6%
Q4 24	+3.7%	+20.8%
Q1 25	+9.1%	+8.3%
Q2 25	+1.4%	+1.2%
Q3 25	+0.4%	-0.5%
Q4 25	+12.1%	+0.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$2M	0.4%
Q2 22	$2M	0.4%
Q3 22	$2M	0.5%
Q4 22	$3M	0.6%
Q1 23	$2M	0.5%
Q2 23	$3M	0.7%
Q3 23	$3M	0.6%
Q4 23	$3M	0.6%
Q1 24	$2M	0.6%
Q2 24	$3M	0.7%
Q3 24	$2M	0.5%
Q4 24	$3M	0.7%
Q1 25	$3M	0.7%
Q2 25	$0	0.0%
Q3 25	$3M	0.7%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	SG&A
Q1 22	$7M	$40M
Q2 22	$8M	$40M
Q3 22	$7M	$38M
Q4 22	$7M	$49M
Q1 23	$8M	$40M
Q2 23	$7M	$38M
Q3 23	$6M	$38M
Q4 23	$6M	$39M
Q1 24	$7M	$35M
Q2 24	$8M	$34M
Q3 24	$8M	$34M
Q4 24	$6M	$40M
Q1 25	$7M	$35M
Q2 25	$6M	$34M
Q3 25	$7M	$38M
Q4 25	$6M	$34M

Revenue Segments

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$20M	$0	$20M
Q2 22	$32M	$0	$32M
Q3 22	$21M	$0	$21M
Q4 22	$13M	$0	$13M
Q1 23	$15M	$0	$15M
Q2 23	$17M	$0	$17M
Q3 23	$16M	$0	$16M
Q4 23	$13M	$0	$13M
Q1 24	$13M	$0	$13M
Q2 24	$17M	$0	$17M
Q3 24	$18M	$0	$18M
Q4 24	$17M	$0	$17M
Q1 25	$16M	$0	$16M
Q2 25	$13M	$0	$13M
Q3 25	$16M	$0	$16M
Q4 25	$14M	$0	$14M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	21M	-0.3%	+0.5%
Q2 22	21M	-0.0%	+0.3%
Q3 22	21M	+0.3%	+0.6%
Q4 22	21M	+0.0%	+0.1%
Q1 23	21M	+0.5%	+0.8%
Q2 23	21M	+0.0%	+0.8%
Q3 23	21M	+0.0%	+0.6%
Q4 23	21M	+0.1%	+0.7%
Q1 24	21M	+0.2%	+0.4%
Q2 24	21M	-0.3%	+0.1%
Q3 24	21M	+0.0%	+0.1%
Q4 24	21M	+0.0%	-0.1%
Q1 25	21M	-0.0%	-0.3%
Q2 25	21M	-0.2%	-0.2%
Q3 25	21M	+0.1%	-0.1%
Q4 25	21M	+0.3%	+0.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$130.4K	3K
Q2 22	$129.3K	3K
Q3 22	$124.4K	3K
Q4 22	$116.7K	4K
Q1 23	$118.9K	4K
Q2 23	$107.1K	4K
Q3 23	$108.3K	4K
Q4 23	$123.7K	3K
Q1 24	$113.2K	3K
Q2 24	$125.0K	3K
Q3 24	$128.3K	3K
Q4 24	$143.8K	3K
Q1 25	$138.4K	3K
Q2 25	$142.1K	3K
Q3 25	$144.4K	3K
Q4 25	$170.1K	3K

Revenue / Employee