Materion (MTRN) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Materion

NYSE•Basic Materials•Other Industrial Metals & Mining

$248.31+8.83(0.04%)Pre-market

Market Cap

$5.22B

P/E

57.9x

P/S

2.5x

P/B

5.2x

Materion Corporation, together with its subsidiaries, produces advanced engineered materials in the United States, Asia, Europe, and internationally. The company operates in four segments: Performance Materials, Electronic Materials, Precision Optics, and Other. It provides beryllium and non-beryllium containing alloy systems and custom engineered metal solutions in strip, bulk, rod, plate, bar, tube, and other customized shapes; engineering and product development services; alloyed metals, beryllium products, and beryllium hydroxide; precision strip, rod, wire, and engineered strip metal products; ToughMet alloys; and SupremEX aluminum silicon carbide metal matrix composite formulation products. The company also operates the bertrandite ore mine and refinery that provides feedstock hydroxide for its beryllium businesses and external sale. In addition, it produces advanced chemicals, microelectronics packaging, precious and non-precious metal, and specialty metal products, including vapor deposition targets, frame lid assemblies, clad and precious metal pre-forms, and high temperature braze materials. Further, the company designs and manufactures precision thin film coatings, optical filters, and assemblies. In addition, it offers inorganic chemicals and powders, specialty coatings, specialty engineered beryllium and copper-based alloys, beryllium composites, ceramics, and engineered clad and plated metal systems. The company sells its products to semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and life sciences through its facilities and service centers, independent distributors and agents, outside distributors, direct sales offices, and independent sales representatives. The company was formerly known as Brush Engineered Materials Inc. and changed its name to Materion Corporation in March 2011. Materion Corporation was founded in 1921 and is based in Mayfield Heights, Ohio.

How this company scores

GoodMetricSide Score: 76/100

Strongest: Growth (24/25); weakest: Balance Sheet & Red Flags (16/25).

Profitability17/25

Growth24/25

Balance Sheet & Red Flags16/25

Cash & Earnings Quality19/25

Strengths

Growing revenueRising free cash flowRising earningsLow leverage

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 57.9x5y range 21.0x – 350.8x

Currently above its 20-quarter median.

P/S · 2.5x5y range 1.0x – 2.5x

Currently above its 20-quarter median.

P/B · 5.2x5y range 1.8x – 5.2x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $5.22B

Metrics at a Glance

as of July 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $2.10B
Q. Revenue: $613.91M
TTM EBITDA: $198.31M
TTM Op. Income: $125.67M
Q. Op. Income: $51.71M
TTM Net Income: $90.12M
Q. Net Income: $38.76M
EPS: $1.86
Shares Out.: $20.82M

$2.10B in TTM revenue grew 21.6% YoY, reaching $613.91M last quarter. TTM EBITDA of $198.31M and TTM operating income of $125.67M show growth is flowing through to the bottom line. TTM net income of $90.12M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 17.0%
EBITDA Margin: 11.5%
Op. Margin: 8.4%
Net Margin: 6.3%

Op. margin of 8.4% is down 0.1% YoY — costs are rising relative to revenue. Net margin at 6.3% and gross margin of 17.0% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 57.9x
P/S Ratio: 2.5x
P/B Ratio: 5.2x

At 57.9x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 2.5x and P/B of 5.2x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.87B
Cash: $19.99M
Long-Term Debt: $423.21M
Book Value: $994.87M
D/E Ratio: 0.4
Debt/EBITDA: 6.0

With $1.87B in assets and $423.21M in long-term debt, D/E is 0.4and book value is $994.87M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 5% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $74.81M
TTM Free Cash Flow: $93.02M
FCF Margin: 4.4%
FCF / Net Income: 1.0

TTM FCF of $93.02M on $74.81M in operating cash flow. The FCF / Net Income ratio of 1.0x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 41% — an improving trend.