MTRN
MATERION Corp
Next earnings Jul 28, 2026 · consensus $1.55 EPS, $552M rev
Last earnings -2.7% on 2026-04-29
$287.02
▲ +1.85%$287.02▲ +270.07%
over 1Y
L $77.56EODHDH $287.02
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+1.9%
1W+3.4%
1M+29.3%
3M+103.1%
YTD+123.7%
1Y+270.1%
Sell
Conviction
Horizon
Medium (3–12mo)
Street · 10 analysts
Buy
Quality engineered materials, but 76.8x P/E on still-depressed earnings, shrinking value-added sales and margins.
P/E 76.8 · current
The read
Weak on both the fundamentals and the price — little to like at the current level.
Materion is a high-quality, integrated producer of advanced engineered materials for semiconductor, aerospace/defense, energy and other cyclical end markets, but the valuation has run far ahead of the recovery. At $274.98 the stock trades at 76.8x trailing diluted EPS of $3.58, and the headline +1178.6% EPS growth is misleading — it laps a depressed FY2024 in which earnings collapsed to $0.28 on goodwill ($56.1M) and asset impairments. On a normalized basis, FY2025 net income of $74.8M is still below FY2023's $95.7M and EPS of $3.58 is well under FY2023's $4.58, so the business has not yet earned back to prior peak.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $1.51B | $1.76B | $1.67B | $1.68B | $1.79B |
| Gross profit | $284M | $344M | $349M | $326M | $309M |
| Operating income | $77.1M | $120M | $136M | $47.2M | $110M |
| Net income | $72.5M | $86.0M | $95.7M | $5.89M | $74.8M |
| Diluted EPS | $3.50 | $4.14 | $4.58 | $0.28 | $3.58 |
| Net margin | 4.8% | 4.9% | 5.7% | 0.3% | 4.2% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$6.40B
EV / EBITDA35.8
EV / Sales3.6
EV / FCF184.9
P / FCF172.0
PEG (trailing)0.07
Earnings yield1.3%
FCF yield0.6%
Quality & risk
ROIC (est.)6.2%
Free cash flow$34.6M
Total debt$459M
Net cash-$445M
Piotroski F-Score5/9
Capital returns
Buyback yield0.1%
Dividend yield (est.)0.2%
Shareholder yield0.3%
Shares Δ YoY-0.1%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
Recent filings
all on EDGAR ↗11-KPeriod ending 2025-12-312026-06-26open ↗4Period ending 2026-06-122026-06-16open ↗4Period ending 2026-06-122026-06-16open ↗4Period ending 2026-06-122026-06-16open ↗4Period ending 2026-06-122026-06-16open ↗4Period ending 2026-06-122026-06-16open ↗4Period ending 2026-06-122026-06-16open ↗4Period ending 2026-06-122026-06-16open ↗4Period ending 2026-06-122026-06-16open ↗4Period ending 2026-06-122026-06-16open ↗144Filing2026-06-08open ↗144Filing2026-06-05open ↗
Frequently asked
- Is MATERION Corp (MTRN) a buy?
- MTRN currently carries a Sell rating with 3/5 conviction, derived from its latest SEC filings. Quality engineered materials, but 76.8x P/E on still-depressed earnings, shrinking value-added sales and margins.
- What is MTRN's fair value?
- A Modified-Graham model based on MTRN's SEC fundamentals estimates a fair value of about $127.03. It is an estimate from reported earnings, not a price target.
- Is MTRN overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, MTRN currently appears overvalued relative to its SEC-grounded earnings power.
- What is MATERION Corp's quality score?
- MTRN scores 65.35294117647058/100 (grade B-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001104657, latest 10-Q filed 2026-04-29) · EODHD · analysis by claude-code · as of 6/21/2026, 8:45:55 PM.
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