Minerals Technologies Inc. (MTX) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 26	$1.25	$1.38	+10.4%	—	—	—
Q2 26	$1.28	$1.27	-0.8%	—	—	—
Q1 26	$1.46	$1.55	+6.2%	—	—	—
Q4 25	$1.41	$1.55	+9.9%	—	—	—
Q3 25	$1.19	$1.14	-4.2%	—	—	—
Q2 25	$1.39	$1.5	+7.9%	—	—	—
Q1 25	$1.5	$1.51	+0.7%	—	—	—
Q4 24	$1.6	$1.65	+3.1%	—	—	—
Q3 24	$1.28	$1.49	+16.4%	—	—	—
Q2 24	$1.25	$1.28	+2.4%	—	—	—
Q1 24	$1.32	$1.49	+12.9%	—	—	—
Q4 23	$1.26	$1.31	+4.0%	—	—	—
Q3 23	$1.04	$1.14	+9.6%	—	—	—
Q2 23	$1.19	$0.67	-43.7%	—	—	—
Q1 23	$1.4	$1.35	-3.6%	—	—	—
Q4 22	$1.45	$1.5	+3.4%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$0.59	—	—	$2.1B	—
FY24	—	$5.21	—	—	$2.1B	—
FY23	—	$2.59	—	—	$2.2B	—
FY22	—	$3.74	—	—	$2.1B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.6B	$1.7B	$1.8B	$1.8B	$1.6B	$1.9B	$2.1B	$2.2B	$2.1B	$2.1B
YoY change	-8.88%	+2.3%	+7.87%	-0.92%	-11%	+16.5%	+14.4%	+2.09%	-2.37%	-2.17%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.6B	1.7B	1.8B	1.8B	1.6B	1.9B	2.1B	2.2B	2.1B	2.1B
Cost of revenue	1.2B	1.2B	1.3B	1.4B	1.2B	1.4B	1.7B	1.7B	1.6B	1.6B
Gross profit	460.4M	467.2M	461.4M	440.6M	405.4M	446.5M	465M	507.1M	547.7M	518M
Gross margin	28.1%	27.9%	25.5%	24.6%	25.4%	24%	21.9%	23.4%	25.9%	25%
Research & development	23.8M	23.7M	22.7M	20.3M	19.9M	19.5M	20.4M	21.2M	23M	22.9M
Selling, general & administrative	176.4M	180.7M	178.6M	187.5M	176.5M	188M	195.6M	206M	209.2M	208M
Operating expenses	200.2M	204.4M	201.3M	207.8M	196.4M	207.5M	216M	227.2M	232.2M	230.9M
Operating income	260.2M	262.8M	260.1M	232.8M	209M	239M	249M	279.9M	315.5M	287.1M
Operating margin	15.9%	15.7%	14.4%	13%	13.1%	12.9%	11.7%	12.9%	14.9%	13.9%
Non-operating income, net	-35.5M	-28.5M	-10.1M	-32.3M	-32.8M	500K	-48.4M	-113M	-35.5M	-246.6M
Pretax income	170.3M	190.9M	204.1M	157.3M	138M	202.3M	156.7M	107.7M	223.6M	-14M
Income tax	35.3M	-6.6M	34.4M	22.8M	24.4M	36.6M	32.1M	23.7M	59.4M	4.9M
Net income	137.1M	199M	173.2M	136.4M	115.8M	168.5M	126.3M	88.3M	170.9M	-14M
Net margin	8.37%	11.9%	9.58%	7.62%	7.26%	9.07%	5.94%	4.07%	8.07%	-0.68%
EBITDA	352.9M	347.6M	348.5M	323M	291.2M	339.2M	339.4M	370M	405.7M	371.4M
EPS	3.82	5.54	4.79	3.79	3.29	4.89	3.74	2.59	5.21	-0.59
Diluted EPS	3.79	5.48	4.75	3.78	3.29	4.86	3.73	2.58	5.21	-0.59

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	547.8M	524.5M	534.5M	541.2M	524.7M	518.1M	491.8M	528.9M	532.4M	519.5M	546.9M	548.4M
Cost of revenue	414.7M	399.2M	398.6M	397.3M	389.5M	385.4M	372.2M	392M	395.4M	395M	415.8M	414.6M
Gross profit	133.1M	125.3M	135.9M	143.9M	135.2M	132.7M	119.6M	136.9M	137M	124.5M	131.1M	133.8M
Gross margin	24.3%	23.9%	25.4%	26.6%	25.8%	25.6%	24.3%	25.9%	25.7%	24%	24%	24.4%
Research & development	5.2M	5.1M	5.6M	5.8M	5.9M	5.7M	5.8M	5.7M	5.6M	5.8M	6.1M	5.9M
Selling, general & administrative	50.9M	51M	53M	53.3M	50.1M	52.8M	50.6M	52.2M	53M	52.2M	57.5M	53.3M
Operating expenses	56.1M	56.1M	58.6M	59.1M	56M	58.5M	56.4M	57.9M	58.6M	58M	63.6M	59.2M
Operating income	77M	69.2M	77.3M	54.8M	79.2M	74.2M	63.2M	79M	78.4M	66.5M	67.5M	74.6M
Operating margin	14.1%	13.2%	14.5%	10.1%	15.1%	14.3%	12.9%	14.9%	14.7%	12.8%	12.3%	13.6%
Non-operating income, net	-84.3M	-5.4M	-2.3M	-5.3M	-5.7M	7.8M	-225.3M	-6.3M	-8M	-7M	-8.3M	-293.8M
Pretax income	-22.6M	48.6M	60.1M	34.6M	59.5M	69.4M	-176.3M	59.1M	56.6M	46.6M	45.9M	-231.3M
Income tax	-3.5M	9.2M	13.9M	15.6M	13.7M	16.2M	-32.1M	13.9M	13.5M	9.6M	9.9M	-46.2M
Net income	-18.1M	40.7M	47.6M	20.9M	47.7M	54.7M	-143M	46.3M	44.2M	38.5M	37.3M	-182.6M
Net margin	-3.3%	7.76%	8.91%	3.86%	9.09%	10.6%	-29.1%	8.75%	8.3%	7.41%	6.82%	-33.3%
EBITDA	101.9M	89.7M	100.6M	77.7M	99.2M	98.2M	84.7M	99.1M	100.3M	87.3M	92.9M	99.2M
EPS	-0.59	1.22	1.45	0.61	1.45	1.69	-4.51	1.44	1.37	1.19	1.17	-5.9
Diluted EPS	-0.59	1.22	1.44	0.61	1.45	1.69	-4.51	1.44	1.37	1.19	1.17	-5.9

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	2.7B	2.4B	1.8B	2B	2.1B	2.5B	2B	2.3B	2.4B	1.9B	2.1B
Enterprise value	3.6B	3.2B	2.6B	2.7B	2.7B	3.2B	2.8B	3B	3.1B	2.5B	2.7B
Shares outstanding	34.9M	35.2M	35.3M	35M	34.2M	33.6M	32.7M	32.5M	32.1M	31.4M	31.4M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	19.7	12.2	10.5	14.8	18.3	14.6	15.7	26.2	14.3	—	14
P/S	1.65	1.45	1	1.13	1.33	1.32	0.93	1.07	1.15	0.92	0.97
P/B	2.62	1.89	1.31	1.41	1.42	1.56	1.23	1.37	1.37	1.09	1.34
EV/EBITDA	10.2	9.14	7.51	8.36	9.23	9.35	8.24	8.14	7.59	6.85	7.18
EV/Sales	2.19	1.9	1.45	1.51	1.68	1.71	1.32	1.39	1.45	1.23	1.27
Earnings yield	5.09%	8.21%	9.56%	6.76%	5.45%	6.86%	6.36%	3.81%	6.99%	—	7.17%
FCF yield	6.03%	5.4%	7.05%	8.59%	8.18%	5.96%	1.18%	6.05%	6%	4.52%	18.9%
PEG	—	—	—	—	—	—	—	—	—	—	-0.03

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	28.1%	27.9%	25.5%	24.6%	25.4%	24%	21.9%	23.4%	25.9%	25%	24.4%
Operating margin	15.9%	15.7%	14.4%	13%	13.1%	12.9%	11.7%	12.9%	14.9%	13.9%	13.6%
Net margin	8.37%	11.9%	9.58%	7.62%	7.26%	9.07%	5.94%	4.07%	8.07%	-0.68%	-3.13%
ROE	13.3%	15.6%	12.5%	9.51%	7.73%	10.7%	7.83%	5.24%	9.58%	-0.8%	-3.84%
ROA	4.79%	6.7%	5.61%	4.38%	3.61%	4.99%	3.71%	2.64%	5.04%	-0.4%	5.16%
ROIC	10.7%	12.9%	9.88%	9.39%	8.35%	8.54%	8.17%	9.17%	9.58%	12.1%	13.1%
Return on tangible assets	15.3%	19.5%	16.8%	12.5%	9.64%	16%	11.6%	8.35%	15.1%	-1.15%	-4.97%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.54	2.75	2.29	2.31	3.49	2.45	2.13	2.4	2.84	2.08	1.43
Quick ratio	1.91	2.04	1.67	1.67	2.66	1.74	1.44	1.69	1.98	1.45	1
Debt / equity	1.05	0.76	0.73	0.65	0.62	0.64	0.66	0.6	0.54	0.55	0.61
Debt / assets	0.38	0.33	0.33	0.3	0.29	0.3	0.31	0.3	0.29	0.28	0.28
Net debt / EBITDA	2.53	2.17	2.31	2.12	1.93	2.1	2.39	1.87	1.56	1.69	1.63
Interest coverage	4.13	5.4	5.45	4.64	4.61	6.44	4.57	2.82	4.96	0.74	-0.58
Effective tax rate	20.7%	0%	16.9%	14.5%	17.7%	18.1%	20.5%	22%	26.6%	0%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	46.9	47.6	51.2	51.2	46.6	55.3	65	66.8	66	66	69
EPS (basic)	3.82	5.54	4.79	3.79	3.29	4.89	3.74	2.59	5.21	-0.59	-0.59
EPS (diluted)	3.79	5.48	4.75	3.78	3.29	4.86	3.73	2.58	5.21	-0.59	-2.22
Book value per share	29.5	36.3	39.2	41	43.8	47	49.3	51.9	55.6	55.7	49.6
FCF per share	4.66	3.72	3.62	4.95	5.08	4.36	0.72	4.31	4.58	2.76	3.87
Cash per share	5.46	6.11	6.02	6.95	10.9	9.06	7.73	9.89	10.5	10.6	11.1
Capex per share	1.79	2.18	2.15	1.86	1.95	2.56	2.52	2.88	2.79	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	3.81%	4.58%	4.2%	3.63%	4.19%	4.63%	3.87%	4.31%	4.22%	—	—
Capex / operating cash flow	31.2%	40.1%	33.3%	27.6%	30.5%	34.3%	76.3%	51.5%	38.6%	—	—
Payout ratio	5.11%	3.52%	4.1%	5.13%	5.87%	4.04%	5.15%	9.17%	7.72%	-101.4%	9.04%
Dividend yield	0.26%	0.29%	0.39%	0.35%	0.32%	0.28%	0.33%	0.35%	0.54%	0.74%	0.72%

Yield

0.72%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.12

ex-dividend Aug 14, 2026

Payout ratio

of earnings

Dividend growth

3 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 14, 2026	$0.12
Jun 2, 2026	$0.12
Feb 13, 2026	$0.12

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$547.8M	$524.5M	$534.5M	$541.2M	$524.7M	$518.1M	$491.8M	$528.9M	$532.4M	$519.5M	$546.9M	$548.4M
YoY change	+1.09%	+3.33%	-2.12%	-1.87%	-4.22%	-1.22%	-7.99%	-2.27%	+1.47%	+0.27%	+11.2%	+3.69%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	190.5M	214.9M	212.6M	243.2M	371.8M	304.4M	252.8M	321.5M	337.1M	332.6M
Receivables	341.3M	383M	387.3M	376.2M	369M	367.8M	404M	399.1M	385.2M	400.1M
Inventory	186.9M	219.3M	239.2M	253.3M	248.2M	297.7M	348.8M	325.4M	342.1M	350.2M
Total current assets	751.1M	852.2M	876.3M	919.2M	1B	1B	1.1B	1.1B	1.1B	1.2B
Property, plant & equipment	856.2M	861.7M	883.5M	834.7M	814M	819.9M	840.6M	779.5M	787.7M	813.1M
Goodwill & intangibles	2B	2B	2.1B	2B	2B	2.3B	2.3B	2.3B	2.3B	2.2B
Total assets	2.9B	3B	3.1B	3.1B	3.2B	3.4B	3.4B	3.3B	3.4B	3.5B
Accounts payable	144.9M	179M	169.1M	163.4M	148.3M	196.1M	193.8M	188.7M	185.5M	187.9M
Short-term debt	12.9M	10.1M	108.5M	103.3M	1M	80.8M	134.2M	103.4M	11.6M	6.7M
Total current liabilities	295.5M	310M	381.9M	398.5M	295.8M	419.8M	502.6M	457.3M	397.7M	555.4M
Long-term debt	1.1B	959.8M	907.8M	824.3M	933.2M	936.2M	928.1M	911.1M	959.6M	955M
Total liabilities	1.8B	1.7B	1.7B	1.7B	1.7B	1.8B	1.8B	1.7B	1.6B	1.7B
Shareholders' equity	1B	1.3B	1.4B	1.4B	1.5B	1.6B	1.6B	1.7B	1.8B	1.7B
Total debt	1.1B	969.9M	1B	927.6M	934.2M	1B	1.1B	1B	971.2M	961.7M
Net debt	894.3M	757.7M	807.5M	686M	566.5M	717.5M	815.1M	697.3M	638.1M	632.7M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	278.2M	321.5M	320.1M	316.4M	324.5M	337.1M	312.2M	319.9M	328.3M	332.6M	321.3M	346.2M
Receivables	418.3M	399.1M	396.3M	405.1M	412.5M	385.2M	405.9M	425.9M	413.4M	400.1M	412.7M	412.6M
Inventory	337.5M	325.4M	326M	333M	342.2M	342.1M	352.5M	359.6M	363.7M	350.2M	357.9M	355.6M
Total current assets	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.2B	1.2B	1.2B	1.2B	1.2B
Property, plant & equipment	-1.2B	779.5M	-1.2B	-1.2B	-1.3B	787.7M	-1.3B	-1.3B	-1.3B	813.1M	-1.3B	-1.3B
Goodwill & intangibles	2.3B	2.3B	2.3B	2.3B	2.3B	2.3B	2.3B	2.3B	2.3B	2.2B	2.2B	2.2B
Total assets	3.3B	3.3B	3.3B	3.3B	3.4B	3.4B	3.4B	3.5B	3.5B	3.5B	3.5B	3.5B
Accounts payable	184.8M	188.7M	194.7M	184.4M	189.8M	185.5M	189.9M	198M	196.9M	187.9M	199.7M	202.6M
Short-term debt	123.6M	103.4M	97.1M	93.7M	88.2M	11.6M	26.3M	24.3M	19.9M	6.7M	12.2M	12M
Total current liabilities	473.5M	457.3M	441.8M	453.6M	464M	397.7M	599.9M	602.8M	591.5M	555.4M	543.4M	828.5M
Long-term debt	918M	911.1M	904.4M	897.7M	894.7M	959.6M	960.1M	959M	957.8M	955M	954M	952.9M
Total liabilities	1.7B	1.7B	1.6B	1.6B	1.6B	1.6B	1.8B	1.8B	1.7B	1.7B	1.7B	1.9B
Shareholders' equity	1.6B	1.7B	1.7B	1.7B	1.7B	1.8B	1.6B	1.7B	1.7B	1.7B	1.8B	1.6B
Total debt	1B	1B	1B	991.4M	982.9M	971.2M	986.4M	983.3M	977.7M	961.7M	966.2M	964.9M
Net debt	773.2M	697.3M	685.8M	680.8M	665.8M	638.1M	679.8M	669.5M	658.1M	632.7M	650.3M	622.7M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	137.1M	199M	173.2M	136.4M	115.8M	168.5M	126.3M	88.3M	170.9M	-14M
Depreciation & amortization	91.9M	91M	94.3M	98.4M	93.9M	94.6M	94.2M	95M	94.9M	91.2M
Stock-based compensation	6.3M	8.1M	6.2M	8.1M	10.2M	10.7M	10.4M	11.3M	11.8M	11.9M
Change in working capital	-21.4M	-30.8M	-58M	-16.5M	-8.1M	-34.9M	-117M	4.9M	-31.8M	-20.8M
Operating cash flow	199.9M	191.3M	227.6M	235.8M	219.2M	250.5M	107.8M	181.4M	231.6M	193.7M
Capital expenditure	-62.4M	-76.7M	-75.9M	-65M	-66.8M	-86M	-82.3M	-93.5M	-89.5M	—
Investing cash flow	-61.6M	-77.5M	-200M	-62M	-78.7M	-278.6M	-101.6M	-91.7M	-94.5M	-15.7M
Dividends paid	-7M	-7M	-7.1M	-7M	-6.8M	-6.8M	-6.5M	-8.1M	-13.2M	-14.2M
Share repurchases	-2.6M	-700K	-21.7M	-41M	-40.7M	-74.7M	-56M	-14.2M	-63.6M	-58.5M
Financing cash flow	-200.4M	-133M	-12.8M	-149.5M	-147.4M	-27.7M	-39.8M	-111.3M	-206.3M	-96.5M
Net change in cash	-62.1M	-19.2M	14.8M	24.3M	-6.9M	-55.8M	-33.6M	-21.6M	-69.2M	81.5M
Free cash flow	162.7M	130.9M	127.7M	173.3M	173.8M	146.4M	23.4M	140.1M	146.9M	86.6M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	-18.1M	40.7M	47.6M	20.9M	47.7M	54.7M	-143M	46.3M	44.2M	38.5M	37.3M	-182.6M
Depreciation & amortization	24.3M	23.5M	23.5M	24M	23.1M	24.3M	23.5M	22M	22.4M	23.3M	24.9M	23.5M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	—	—	—	—	—	—	—	—	—	—	—	—
Operating cash flow	-7.7M	77.7M	81.7M	47.4M	50.6M	82.9M	61.1M	62.9M	70.9M	64.3M	32.1M	63M
Capital expenditure	-25.1M	-22.5M	-16.5M	-20.2M	-24.7M	-28.1M	-18.3M	—	—	—	—	—
Investing cash flow	-26.5M	-15.9M	-16.6M	-25.2M	-31.8M	-16.9M	-21.8M	-6.8M	38.7M	4.9M	-6.3M	-56.3M
Dividends paid	-1.6M	-3.2M	-3.2M	-3.3M	-3.2M	-3.5M	-3.6M	-3.4M	-3.4M	-3.8M	-3.7M	—
Share repurchases	0	-14.2M	-15M	-19.6M	-22.8M	-6.2M	-11.5M	-19M	-17M	-11M	-5.4M	-1.7M
Financing cash flow	-2M	-70.4M	-44M	-40.1M	-44.8M	-652.4M	-4M	-29.8M	-100K	-36M	-13.6M	-18.1M
Net change in cash	-36.2M	-8.6M	21.1M	-17.9M	-26M	-586.4M	35.3M	26.3M	109.5M	33.2M	12.2M	-11.4M
Free cash flow	34M	72.8M	39.4M	29.9M	35.3M	42.3M	-22.7M	33.8M	43.6M	31.9M	9M	35.8M

Minerals Technologies Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history