MTRN
Materion Corporation
MTRN's fundamentals are strong, but it looks expensive: trading at 43x earnings, above its usual 31x. Analysts expect strong earnings growth.
MTRN Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Stable | |
| Healthy |
MTRN's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
MTRN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 23x | $114 | -45% |
| Forward | 24x | $208 | — |
| Fair | 31x | $149 | -28% |
| Current | 43x | $208 | — |
| Expensive | 80x | $388 | +86% |
Historical ranges are pointers, not guarantees.
MTRN's PE is in its fair range at 43x. If earnings grow as analysts expect, today's price would be 24x next year's earnings, in its cheap range.
MTRN Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for MTRN, with profitability improving.
MTRN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $8.75 | +80% |
| Q3 2026 | $4.87 | +418% |
| Q2 2026 | $4.28 | +442% |
| Q1 2026 | $3.65 | +645% |
| Q4 2025 | $3.58 | +1179% |
| Q3 2025 | $0.94 | -74% |
| Q2 2025 | $0.79 | -79% |
| Q1 2025 | $0.49 | -88% |
| Q4 2024 | $0.28 | -94% |
MTRN earned $4.87 per share over the past year, about five times what it earned the year before.
MTRN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $567.3M | +28% |
| Q2 2026 | $613.9M | +42% |
| Q1 2026 | $549.8M | +31% |
| Q4 2025 | $489.8M | +12% |
| Q3 2025 | $444.8M | +1.9% |
| Q2 2025 | $431.7M | +1.4% |
| Q1 2025 | $420.3M | +9.1% |
| Q4 2024 | $436.9M | +3.8% |
MTRN's revenue has grown year over year for 10 quarters in a row: $567M last quarter, up 28% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.9% | +1 points |
| Q2 2026 | 8.4% | -0.1 points |
| Q1 2026 | 5.1% | -1.3 points |
| Q4 2025 | 2.2% | +11 points |
| Q3 2025 | 7.9% | +0.7 points |
| Q2 2025 | 8.5% | +1 points |
| Q1 2025 | 6.5% | +0.7 points |
| Q4 2024 | -8.8% | -15 points |
MTRN's operating margin was 8.9% last quarter, up 1 points from the same quarter a year ago.
MTRN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $57.7M | +1170% |
| Q2 2026 | $60.3M | +62% |
| Q1 2026 | -$19.6M | -716% |
| Q4 2025 | $5M | -91% |
| Q3 2025 | $4.5M | +$11.8M |
| Q2 2025 | $37.3M | +1070% |
| Q1 2025 | $3.2M | +$38.3M |
| Q4 2024 | $58.3M | +69% |
MTRN generated $103M in free cash flow over the past year, about the same as the year before.
MTRN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.4% | +88K shares |
| 1 year | +1.3% | +280K shares |
| 3 years | +1.2% | +258K shares |
| 5 years | +2.4% | +506K shares |
| Available history | +2.5% | +508K shares |
MTRN has 21M diluted shares, up 1.3% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | — |
MTRN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.9x | Healthy |
| Q2 2026 | 2.2x | Moderate |
| Q1 2026 | 2.7x | Moderate |
| Q4 2025 | 2.6x | Moderate |
| Q3 2025 | 3.5x | Elevated |
| Q2 2025 | 3.4x | Elevated |
| Q1 2025 | 4.0x | High |
| Q4 2024 | 4.0x | Elevated |
MTRN's net debt is about 1.9 years of its operating earnings (EBITDA), down from 3.5 years a year ago.
MTRN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.8 | Neutral |
| Stochastic | 18.4 | Oversold |
MTRN's weekly RSI is 46 (neutral) and its Stochastic is 18 (oversold).
MTRN PE vs Basic Materials Sector
| Metric | MTRN | Sector median | Relative |
|---|---|---|---|
| PE | 43x | 19x | 130% above |
| PE % | 63 | 40 | 23 pts above |
MTRN is trading at 43x earnings, a 130% premium to the Basic Materials sector's median of 19x.
MTRN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $242.5 | 14% below |
| 20 week MA | $247.8 | 16% below |
| 50 week MA | $201.3 | 3.4% above |
| 100 week MA | $149.7 | 39% above |
| 200 week MA | $131.0 | 59% above |
MTRN has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 59% above its 200-week average.
MTRN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $59.2 | $62.7 | +5.9% |
| 2021 | $62.7 | $88.5 | +41% |
| 2022 | $88.5 | $86.2 | -2.6% |
| 2023 | $86.2 | $130.1 | +51% |
| 2024 | $130.1 | $100.3 | -23% |
| 2025 | $100.3 | $128.9 | +29% |
| 2026 YTD | $128.9 | $208.2 | +61% |
MTRN has finished higher in four of the last six years. It's up 61% so far in 2026.