MTX

MKT CAP:$2B

Minerals Technologies Inc.

Market Cap

$2B

Basic Materials·Chemicals - Specialty·🇺🇸 United States·NYSE

Materials·Chemicals·🇺🇸·NYSE

Stock Price

$70.53+$9.38 (+15.34%)

Apr 22, 2026

Company Details

Minerals 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, Sp...

CEO

Douglas T. Dietrich

IPO Date

Oct 23, 1992

Website

www.mineralstech.com

Key Metrics TTM

Revenue

$2.1B

-2.2% YoY

Net Income

-$19M

EPS (Diluted)

-$0.51

Free Cash Flow

$87M

Revenue / Share

$66.64

Gross Margin

25.0%

Operating Margin

13.6%

Net Margin

-0.9%

FCF Margin

4.2%

P/S

1.1x

P/E

—

Earnings Reports

FY 2025

Feb 20, 2026

$2.1B-2.2%EPS -$0.59

Q4 2025

Feb 20, 2026

$520M+0.3%EPS $1.19

Q3 2025

Oct 24, 2025

$532M+1.5%EPS $1.37

Q2 2025

Jul 25, 2025

$529M-2.3%EPS $1.44

Q1 2025

Apr 25, 2025

$492M-8.0%EPS -$4.51

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$519M	$122M	$68M
Q2 22	$557M	$127M	$74M
Q3 22	$542M	$118M	$67M
Q4 22	$508M	$98M	$44M
Q1 23	$546M	$121M	$63M
Q2 23	$552M	$128M	$71M
Q3 23	$548M	$133M	$77M
Q4 23	$525M	$125M	$69M
Q1 24	$535M	$136M	$77M
Q2 24	$541M	$144M	$55M
Q3 24	$525M	$135M	$79M
Q4 24	$518M	$133M	$74M
Q1 25	$492M	$120M	$63M
Q2 25	$529M	$137M	$79M
Q3 25	$532M	$137M	$78M
Q4 25	$520M	$125M	$62M

Valuation

Quarter	P/S	P/E
Q1 22	1.1x	12.8x
Q2 22	1.0x	11.9x
Q3 22	0.8x	11.7x
Q4 22	1.0x	17.2x
Q1 23	0.9x	17.0x
Q2 23	0.9x	19.3x
Q3 23	0.8x	27.1x
Q4 23	1.0x	26.3x
Q1 24	1.1x	25.5x
Q2 24	1.2x	30.4x
Q3 24	1.2x	16.3x
Q4 24	1.2x	14.6x
Q1 25	1.0x	—
Q2 25	0.9x	836.5x
Q3 25	0.9x	—
Q4 25	0.9x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$300.0K	-$19M
Q2 22	$33M	$12M
Q3 22	$30M	$11M
Q4 22	$42M	$19M
Q1 23	$34M	$9M
Q2 23	$46M	$24M
Q3 23	$59M	$34M
Q4 23	$95M	$73M
Q1 24	$56M	$39M
Q2 24	$50M	$30M
Q3 24	$60M	$35M
Q4 24	$70M	$42M
Q1 25	-$4M	-$23M
Q2 25	$63M	$34M
Q3 25	$71M	$44M
Q4 25	$64M	$32M

Capital Expenditures

Quarter	CapEx
Q1 22	$19M
Q2 22	$21M
Q3 22	$19M
Q4 22	$23M
Q1 23	$24M
Q2 23	$22M
Q3 23	$25M
Q4 23	$23M
Q1 24	$17M
Q2 24	$20M
Q3 24	$25M
Q4 24	$28M
Q1 25	$18M
Q2 25	$29M
Q3 25	$27M
Q4 25	$32M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+14.7%	+14.6%
Q2 22	+22.3%	+23.5%
Q3 22	+14.5%	+15.8%
Q4 22	+6.4%	+9.8%
Q1 23	+5.2%	+7.0%
Q2 23	-1.0%	-0.5%
Q3 23	+1.1%	-0.8%
Q4 23	+3.3%	-1.8%
Q1 24	-2.1%	-5.3%
Q2 24	-1.9%	+1.1%
Q3 24	-4.2%	-5.4%
Q4 24	-1.2%	-2.5%
Q1 25	-8.0%	-6.3%
Q2 25	-2.3%	-7.5%
Q3 25	+1.5%	+1.9%
Q4 25	+0.3%	+3.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	SG&A
Q1 22	$5M	—	$49M
Q2 22	$5M	—	$49M
Q3 22	$5M	—	$46M
Q4 22	$5M	—	$49M
Q1 23	$5M	—	$52M
Q2 23	$6M	—	$52M
Q3 23	$5M	—	$51M
Q4 23	$5M	—	$51M
Q1 24	$6M	—	$53M
Q2 24	$6M	—	$83M
Q3 24	$6M	—	$50M
Q4 24	$6M	—	$53M
Q1 25	$6M	—	$51M
Q2 25	$6M	—	$52M
Q3 25	$6M	—	$53M
Q4 25	$6M	$52M	—

Revenue Segments

Quarter	Performance Materials	Refractories	Specialty Minerals
Q1 22	$272M	$84M	$163M
Q2 22	$300M	$93M	$164M
Q3 22	$290M	$86M	$166M
Q4 22	$266M	$87M	$155M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$288M	$5M	$293M
Q2 22	$235M	$2M	$237M
Q3 22	$224M	$2M	$226M
Q4 22	$247M	$6M	$253M
Q1 23	$250M	$6M	$256M
Q2 23	$247M	$8M	$255M
Q3 23	$268M	$10M	$278M
Q4 23	$317M	$4M	$322M
Q1 24	$316M	$4M	$320M
Q2 24	$311M	$6M	$316M
Q3 24	$317M	$7M	$325M
Q4 24	$333M	$4M	$337M
Q1 25	$307M	$6M	$312M
Q2 25	$314M	$6M	$320M
Q3 25	$320M	$9M	$328M
Q4 25	$329M	$4M	$333M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	33M	-0.9%	-2.4%
Q2 22	33M	-0.9%	-3.5%
Q3 22	33M	-0.9%	-3.6%
Q4 22	33M	-0.3%	-3.0%
Q1 23	33M	0.0%	-2.1%
Q2 23	33M	+0.3%	-0.9%
Q3 23	33M	-0.3%	-0.3%
Q4 23	33M	0.0%	0.0%
Q1 24	32M	-0.3%	-0.3%
Q2 24	32M	0.0%	-0.6%
Q3 24	32M	-0.3%	-0.6%
Q4 24	32M	0.0%	-0.6%
Q1 25	32M	-1.2%	-1.5%
Q2 25	32M	-0.9%	-2.5%
Q3 25	31M	-0.9%	-3.1%
Q4 25	31M	-0.6%	-3.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$131.1K	4K
Q2 22	$140.6K	4K
Q3 22	$136.8K	4K
Q4 22	$124.7K	4K
Q1 23	$134.2K	4K
Q2 23	$135.5K	4K
Q3 23	$134.6K	4K
Q4 23	$130.2K	4K
Q1 24	$132.7K	4K
Q2 24	$134.4K	4K
Q3 24	$130.3K	4K
Q4 24	$133.2K	4K
Q1 25	$126.4K	4K
Q2 25	$135.9K	4K
Q3 25	$136.8K	4K
Q4 25	$2M	216

Revenue / Employee