MTRN MATERION Corp

Overview and Growth

In fiscal 2025, MATERION Corp recorded $1.79B of revenue, net income of $74.82M, and an operating cash inflow of $103.24M. At $1.79B, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Compared with $1.68B in fiscal 2024, revenue recorded a 6.0% year-over-year increase. The company reported diluted EPS of $3.58, adding a shareholder-level measure to the absolute income figures considered below. Total assets stood at $1.80B, showing the scale of resources supporting revenue, earnings, liquidity, and financing. Revenue equaled 0.99x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

Gross profit was $308.63M, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. The gross-profit relationship equaled 17.3% of revenue, quantifying the portion retained before operating expenses were recognized. Operating income was $109.80M, the earnings remaining from reported operations after the company’s recognized operating cost structure. The operating result equaled 6.1% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. The bottom-line result was net income of $74.82M, after the operating, financing, tax, and other items recognized for the period. Measured against reported revenue, net income produced a 4.2% margin after operating costs and the remaining recognized items. Pretax income was $81.54M, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. Pretax income represented 4.6% of revenue, placing earnings before tax in the context of the company’s operating scale. The reported income-tax provision was $6.72M, the amount recognized between pretax income and the final net-income result. The effective relationship between income tax and positive pretax income was 8.2%, without assuming a statutory-rate comparison. Return on period-end equity was 7.9%, relating annual net income to the equity capital on the balance sheet. Net income represented 4.2% of period-end assets, placing the company’s bottom-line result against the total resource base employed.

Liquidity and Capital Structure

At period end, the $1.80B asset base was financed through $859.52M of liabilities and $943.28M of equity. Current assets were $789.52M against $253.58M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. The current ratio was 3.11x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Reported cash and equivalents were $13.68M, separating immediately recognizable cash resources from the rest of the current-asset base. Measured only with cash and equivalents, coverage of current liabilities was 5.4%, excluding receivables and other current assets. Total debt was $458.79M, establishing the amount of borrowing carried within the company’s capital structure. Debt equaled 0.49x of book equity, describing the relative scale of borrowing and shareholder capital. Relative to total assets, debt measured 25.4%, showing how much of the asset base was matched by borrowing. Liabilities represented 47.7% of total assets, quantifying the liability-funded share of the company’s resource base. The cash-to-assets relationship was 0.8%, comparing reported cash and equivalents with the full positive asset balance. Total assets were 6.2% higher than fiscal 2024 assets of $1.70B, measuring the company’s own balance-sheet change. Against $868.88M of equity in fiscal 2024, the current book-equity balance moved 8.6% and ended higher. Compared with $16.71M in fiscal 2024, the current cash balance moved 18.1% and finished lower.

Cash Flow and Earnings Quality

The company reported $103.24M of operating cash flow, a cash inflow that shows the cash generated by operations. The operating-cash-flow-to-net-income relationship was 1.38x, comparing cash generated by operations with the bottom-line earnings result.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.