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MATERION Corp MTRN

NYSE · stock · Metal Forgings & Stampings · website · IPO 1980-03-17 · LEI

MATERION Corp statistics & valuation

Market cap$6.0B
P / E79.8×
P / S3.3×
P / B6.3×
Dividend yield0.19%
Net margin4.2%
Return on equity7.9%
Net debt$447.0M
Net debt / EBITDA2.5×
Enterprise value USD$6.4B
EV / EBITDA35.9×
Earnings yield EBIT/EV1.7%
Return on capital7.1%
Graham number -78.7%$60.28

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($60.28); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
2.70% 1.00% 1.70% 4.50% 1.30% 4.80% 4.90% 5.70% 0.30% 4.20% 2016201720182019202020212022202320242025
Gross margin (%)
19.00% 18.70% 20.80% 22.20% 16.40% 18.80% 19.60% 21.00% 19.30% 17.30% 2016201720182019202020212022202320242025
Operating margin (%)
3.00% 3.50% 5.10% 6.00% 0.70% 5.10% 6.80% 8.20% 2.80% 6.10% 2016201720182019202020212022202320242025
Return on equity (%)
5.20% 2.20% 3.60% 8.30% 2.40% 10.10% 10.70% 10.80% 0.70% 7.90% 2016201720182019202020212022202320242025
Shares outstanding
20.2M 20.4M 20.6M 20.7M 20.6M 20.7M 20.8M 20.9M 20.9M 20.9M 2016201720182019202020212022202320242025
Net debt ($)
-$26.8M -$38.0M -$67.6M -$122.8M $12.6M $440.1M $422.7M $415.7M $427.2M $447.0M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
3.50% 1.40% 2.50% 5.90% 1.50% 4.50% 5.10% 5.40% 0.30% 4.20% 2016201720182019202020212022202320242025
Free cash flow margin (%)
4.20% 3.50% 4.00% 6.30% 2.90% -0.80% 2.20% 2.00% 1.10% 2016201720182019202020212022202320242025
Debt / equity (×)
0.01× 0.01× 0.01× 0.00× 0.06× 0.63× 0.54× 0.48× 0.51× 0.49× 2016201720182019202020212022202320242025
EPS ($)
$1.27 $0.56 $1.02 $2.59 $0.75 $3.50 $4.14 $4.58 $0.28 $3.58 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

MATERION Corp trades at about 79.1× earnings — above its 10-year norm (10-year range 21×–360.7×, median 38.6×).

21× 360.7×

Shaded band = 10-year range (21×–360.7×); dot = today's 79.1×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin17.3%19.3%21.0%19.6%18.8%16.4%22.2%20.8%18.7%19.0%
Operating margin6.1%2.8%8.2%6.8%5.1%0.7%6.0%5.1%3.5%3.0%
Net margin4.2%0.3%5.7%4.9%4.8%1.3%4.5%1.7%1.0%2.7%
FCF margin—1.1%2.0%2.2%-0.8%2.9%6.3%4.0%3.5%4.2%
Return on assets4.2%0.3%5.4%5.1%4.5%1.5%5.9%2.5%1.4%3.5%
Return on equity7.9%0.7%10.8%10.7%10.1%2.4%8.3%3.6%2.2%5.2%
Debt / equity0.49×0.51×0.48×0.54×0.63×0.06×0.00×0.01×0.01×0.01×
Current ratio3.113.192.782.893.073.664.393.143.233.82

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.