Materion Corp (MTRN) financial statements: income statement, balance sheet and cash flow
Materion Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Materion Corp reported revenue of $1.8B (+6.0% year on year) and net income of $74.8M (+1170.8% year on year).
Income statement
Materion Corp income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net sales
$1.8B
$1.7B
$1.7B
$1.8B
Cost of sales
$1.5B
$1.4B
$1.3B
$1.4B
Gross margin
$308.6M
$326.0M
$349.0M
$343.9M
Selling, general, and administrative expense
$143.1M
$145.6M
$157.9M
$169.3M
Research and development expense
$25.9M
$29.0M
$27.5M
$29.0M
Goodwill impairment
$0
$56.1M
—
$0
Long-lived asset impairment
$0
$17.1M
—
—
Loss on asset disposal
$0
$6.4M
—
—
Restructuring expense (Note E)
$3.2M
$6.8M
$3.8M
$1.6M
Other — net (Note F)
$26.7M
$17.7M
$23.3M
$24.2M
Operating profit
$109.8M
$47.2M
$136.4M
$119.8M
Other non-operating (income) expense — net (Note P)
($2.4M)
($2.4M)
($2.7M)
($5.3M)
Interest expense — net (Note G)
$30.7M
$34.8M
—
—
Total income (loss) before income taxes
$81.5M
$14.9M
$107.8M
$103.1M
Income tax expense (Note H)
$6.7M
$9.0M
$12.1M
$17.1M
Net income
$74.8M
$5.9M
$95.7M
$86.0M
Net income per share of common stock (in dollars per share)
$3.61
$0.28
$4.64
$4.19
Net income per share of common stock (in dollars per share)
$3.58
$0.28
$4.58
$4.14
Basic (in shares)
20.8M
20.7M
20.6M
20.5M
Diluted (in shares)
20.9M
20.9M
20.9M
20.8M
Materion Corp income statement, quarters
Line item
Jul 3, 2026 · Q3
Apr 3, 2026 · Q2
Sep 26, 2025 · Q3
Jun 27, 2025 · Q2
Net sales
$613.9M
$549.8M
$444.8M
$431.7M
Cost of sales
$509.6M
$468.0M
$358.7M
$349.0M
Gross margin
$104.3M
$81.8M
$86.1M
$82.7M
Selling, general, and administrative expense
$42.3M
$36.2M
$38.3M
$35.0M
Research and development expense
$6.6M
$6.2M
$6.5M
$6.4M
Restructuring expense
$324.0K
$2.3M
$212.0K
$479.0K
Other—net
$3.4M
$9.0M
$6.2M
$3.9M
Operating profit
$51.7M
$28.2M
$34.9M
$36.8M
Other non-operating income—net
($317.0K)
($309.0K)
($711.0K)
($567.0K)
Interest expense - net
$7.5M
$7.6M
$7.5M
$8.2M
Income before income taxes
$44.5M
$20.9M
$28.1M
$29.2M
Income tax expense
$5.7M
$1.5M
$2.7M
$4.0M
Net income
$38.8M
$19.4M
$25.4M
$25.1M
Net income per share of common stock (in dollars per share)
$1.86
$0.93
$1.23
$1.21
Net income per share of common stock (in dollars per share)
$1.84
$0.92
$1.22
$1.21
Basic (in shares)
20.8M
20.8M
20.7M
20.8M
Diluted (in shares)
21.1M
21.0M
20.9M
20.8M
Balance sheet
Materion Corp balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents (Note A)
$13.7M
$16.7M
$13.3M
$13.1M
Accounts receivable (Note A)
$222.9M
$193.8M
$192.7M
$215.2M
Inventories, net (Notes A and J)
$461.2M
$441.3M
$441.6M
$423.1M
Prepaid and other current assets
$91.7M
$72.4M
$61.7M
$39.1M
Total current assets
$789.5M
$724.2M
$709.4M
$690.4M
Deferred income taxes (Notes A and H)
$7.7M
$3.0M
$4.9M
$3.3M
Property, plant, and equipment (Notes A and K)
$1.4B
$1.3B
—
—
Less allowances for depreciation, depletion, and amortization
($841.2M)
($804.8M)
($766.9M)
($760.4M)
Property, plant, and equipment — net
$535.5M
$510.8M
$514.7M
$448.8M
Operating lease, right-of-use asset (Note M)
$62.0M
$64.4M
$57.6M
$64.2M
Intangible assets (Notes A and M)
$105.9M
$109.3M
$133.6M
$143.2M
Other assets (Note P)
$21.5M
$22.1M
$21.7M
$22.5M
Goodwill (Notes A and N)
$280.7M
$263.7M
$320.9M
$319.5M
Total Assets
$1.8B
$1.7B
$1.8B
$1.7B
Short-term debt (Note O)
$22.4M
$34.3M
$38.6M
$21.1M
Accounts payable
$148.6M
$105.9M
$125.7M
$107.9M
Salaries and wages
$19.3M
$20.9M
$25.9M
$35.5M
Other liabilities and accrued items
$45.4M
$47.5M
$45.8M
$55.0M
Income taxes (Notes A and H)
$5.1M
$4.9M
$5.2M
$3.9M
Unearned revenue (Note D)
$12.7M
$13.2M
$13.8M
$15.5M
Total current liabilities
$253.6M
$226.7M
$255.0M
$239.0M
Other long-term liabilities
$12.6M
$12.0M
$13.3M
$12.2M
Operating lease liabilities (Note M)
$60.6M
$62.6M
$53.8M
$59.1M
Finance lease liabilities (Note M)
$13.4M
$12.4M
$13.7M
$13.9M
Retirement and post-employment benefits (Note P)
$23.9M
$26.4M
$26.3M
$20.4M
Unearned income (Notes A and L)
$55.9M
$75.8M
$104.0M
$107.7M
Long-term income taxes (Notes A and H)
$532.0K
$1.8M
$3.8M
$665.0K
Deferred income taxes (Notes A and H)
$2.8M
$3.2M
$20.1M
$28.2M
Long-term debt (Note O)
$436.3M
$407.7M
$387.6M
$410.9M
Serial preferred stock (no par value; 5,000 authorized shares, none issued)
0
0
0
0
Common stock (no par value; 60,000 authorized shares, issued shares of 27,148 for both 2025 and 2024)
351.9M
—
—
—
Retained earnings
$912.4M
$849.1M
$854.3M
$769.4M
Common stock in treasury (6,413 shares for 2025 and 6,384 shares for 2024)
-277.5M
-261.9M
-237.7M
-220.9M
Accumulated other comprehensive loss (Note Q)
($50.6M)
($61.0M)
($46.9M)
($41.9M)
Other equity
$7.1M
$6.6M
$5.9M
$5.2M
Total shareholders’ equity
$943.3M
$868.9M
$885.1M
$800.0M
Total Liabilities and Shareholders’ Equity
$1.8B
$1.7B
$1.8B
$1.7B
Materion Corp balance sheet, quarters
Line item
Jul 3, 2026
Apr 3, 2026
Sep 26, 2025
Jun 27, 2025
Cash and cash equivalents
$20.0M
$16.2M
$16.4M
$12.6M
Accounts receivable, net
$260.8M
$267.2M
$195.3M
$198.4M
Inventories, net
$487.4M
$493.7M
$467.3M
$444.6M
Prepaid and other current assets
$101.7M
$98.7M
$97.3M
$79.5M
Total current assets
$870.0M
$875.7M
$776.3M
$735.1M
Deferred income taxes
$8.8M
$7.7M
$3.0M
$3.1M
Property, plant, and equipment
$1.4B
$1.4B
$1.4B
$1.4B
Less allowances for depreciation, depletion, and amortization
($877.2M)
($860.9M)
($841.1M)
($825.2M)
Property, plant, and equipment, net
$531.7M
$529.9M
$539.3M
$532.6M
Operating lease, right-of-use assets
$57.0M
$59.0M
$63.6M
$75.4M
Intangible assets, net
$99.9M
$102.7M
$108.1M
$107.6M
Other assets
$23.2M
$22.0M
$22.4M
$21.8M
Goodwill
$280.2M
$280.3M
$280.5M
$265.7M
Total Assets
$1.9B
$1.9B
$1.8B
$1.7B
Short-term debt
$17.5M
$23.1M
$10.2M
$19.9M
Accounts payable
$192.3M
$189.0M
$139.8M
$132.3M
Salaries and wages
$24.1M
$12.8M
$23.7M
$15.9M
Other liabilities and accrued items
$46.3M
$47.6M
$43.9M
$43.7M
Income taxes
$3.3M
$4.2M
$2.3M
$3.2M
Unearned revenue
$12.3M
$11.9M
$15.8M
$16.9M
Total current liabilities
$295.8M
$288.5M
$235.6M
$231.9M
Other long-term liabilities
$13.3M
$12.7M
$12.1M
$12.5M
Operating lease liabilities
$58.2M
$59.5M
$61.4M
$72.2M
Finance lease liabilities
$12.7M
$12.9M
$13.4M
$13.6M
Retirement and post-employment benefits
$23.2M
$23.4M
$27.0M
$27.2M
Unearned income
$46.5M
$53.3M
$57.0M
$61.6M
Long-term income taxes
$901.0K
$536.0K
$2.1M
$2.4M
Deferred income taxes
$2.2M
$2.7M
$3.2M
$3.4M
Long-term debt
$423.2M
$466.9M
$446.8M
$405.7M
Serial preferred stock (no par value; 5,000 authorized shares, none issued)
0
0
0
0
Common stock (no par value; 60,000 authorized shares, issued shares of 27,148 at both July 3rd and December 31st)
380.1M
—
349.2M
345.7M
Retained earnings
$964.5M
$928.8M
$908.7M
$886.2M
Common stock in treasury
($302.4M)
($295.4M)
($277.1M)
($276.4M)
Accumulated other comprehensive loss
($52.8M)
($51.9M)
($53.3M)
($51.8M)
Other equity
$5.5M
$7.1M
$7.0M
$6.9M
Total shareholders' equity
$994.9M
$957.0M
$934.6M
$910.6M
Total Liabilities and Shareholders’ Equity
$1.9B
$1.9B
$1.8B
$1.7B
Cash flow statement
Materion Corp cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$74.8M
$5.9M
$95.7M
$86.0M
Depreciation, depletion, and amortization
$69.1M
$68.7M
$61.6M
$53.4M
Amortization of deferred financing costs in interest expense
$1.9M
$1.7M
$1.7M
$1.7M
Stock-based compensation expense (non-cash)
$10.9M
$10.6M
$10.1M
$8.8M
Amortization of pension and post-retirement costs
($154.0K)
($307.0K)
($1.3M)
($146.0K)
Loss on sale of property, plant, and equipment
$282.0K
$1.2M
$20.0K
$14.0K
Deferred income tax (benefit) expense
($5.1M)
($16.6M)
($7.0M)
$1.7M
Impairment charges
$0
$73.2M
—
$0
Loss on asset disposal
$0
$6.4M
—
—
Net pension curtailments and settlements
$230.0K
$0
$142.0K
($551.0K)
Decrease (increase) in accounts receivable
($25.8M)
($3.7M)
$23.4M
($4.4M)
Decrease (increase) in inventory
($13.3M)
($468.0K)
($18.7M)
($64.0M)
Decrease (increase) in prepaid and other current assets
($15.1M)
($11.3M)
($22.7M)
($1.6M)
Increase (decrease) in accounts payable and accrued expenses
$33.5M
($15.8M)
$6.6M
$12.9M
Increase (decrease) in unearned revenue
($15.2M)
($24.7M)
($17.4M)
$207.0K
Increase (decrease) in interest and taxes payable
$663.0K
($2.6M)
$3.8M
$154.0K
Increase (decrease) in unearned income due to customer prepayments
$0
$0
$16.7M
$21.9M
Other — net
($13.5M)
($4.3M)
($8.3M)
($261.0K)
Net cash provided by operating activities
$103.2M
$87.8M
$144.4M
$116.0M
Payments for acquisition, net of cash acquired
($19.5M)
$0
$0
($3.0M)
Payments for purchase of property, plant, and equipment
($53.3M)
($68.6M)
($110.5M)
($77.6M)
Payments for mine development
($26.3M)
($12.2M)
($9.3M)
—
Proceeds from sale of property, plant, and equipment
$932.0K
$1.2M
$654.0K
$850.0K
Net cash used in investing activities
($98.1M)
($79.6M)
($119.2M)
($79.7M)
Proceeds from (repayments of) borrowings under credit facilities, net
$33.9M
$45.7M
$8.1M
—
Repayment of debt
($18.2M)
($30.3M)
($15.4M)
($19.3M)
Principal payments under finance lease obligations
($604.0K)
($683.0K)
($1.6M)
($2.7M)
Cash dividends paid
($11.5M)
($11.1M)
($10.6M)
($10.2M)
Deferred financing costs
($2.9M)
($156.0K)
$0
$0
Repurchase of common stock
($7.8M)
—
—
$0
Payments for withholding taxes for stock-based compensation awards
($2.6M)
($7.6M)
($5.2M)
($3.6M)
Net cash used in financing activities
($9.8M)
($4.2M)
($24.9M)
($35.6M)
Effects of exchange rate changes
$1.7M
($607.0K)
($149.0K)
($2.0M)
Net change in cash and cash equivalents
($3.0M)
$3.4M
$193.0K
($1.4M)
Cash and cash equivalents at beginning of period
$16.7M
$13.3M
$13.1M
$14.5M
Cash and cash equivalents at end of period
$13.7M
$16.7M
$13.3M
$13.1M
Materion Corp cash flow statement, quarters
Line item
Jul 3, 2026 · YTD
Apr 3, 2026 · Q2
Sep 26, 2025 · YTD
Jun 27, 2025 · YTD
Net income
$58.1M
$19.4M
$68.3M
$42.8M
Depreciation, depletion, and amortization
$37.6M
$18.4M
$51.6M
$34.0M
Amortization of deferred financing costs in interest expense
$478.0K
$239.0K
$1.6M
$1.4M
Stock-based compensation expense (non-cash)
$8.6M
$3.4M
$8.5M
$5.4M
Deferred income tax (benefit)
($1.6M)
($3.0K)
($43.0K)
($25.0K)
Accounts receivable
($39.1M)
($45.1M)
$1.7M
($949.0K)
Inventory
($21.9M)
($28.9M)
($22.0M)
$94.0K
Prepaid and other current assets
($11.9M)
($8.4M)
($21.1M)
($3.0M)
Accounts payable and accrued expenses
$45.6M
$36.4M
$21.5M
$4.2M
Unearned revenue
($7.1M)
($2.0M)
($13.1M)
($8.5M)
Interest and taxes payable
($591.0K)
($179.0K)
($1.6M)
($1.2M)
Other-net
$2.3M
$2.4M
($11.7M)
($8.8M)
Net cash provided by operating activities
$70.5M
($4.3M)
$83.7M
$65.4M
Payments for purchase of property, plant, and equipment
($29.8M)
($15.3M)
($38.7M)
($25.0M)
Payments for mine development
($1.7M)
($60.0K)
($20.0M)
($10.2M)
Proceeds from sale of property, plant, and equipment
$0
$0
$932.0K
$266.0K
Net cash used in investing activities
($31.5M)
($15.3M)
($77.3M)
($34.9M)
Repayments of borrowings under credit facilities, net
($15.0M)
—
$30.6M
($2.2M)
Repayment of debt
($3.0M)
($1.6M)
($16.6M)
($15.1M)
Principal payments under finance lease obligations
($306.0K)
($153.0K)
($456.0K)
($306.0K)
Cash dividends paid
($5.9M)
($2.9M)
($8.6M)
($5.7M)
Deferred financing costs
$0
—
($2.9M)
($2.9M)
Repurchase of common stock
$0
—
($7.8M)
($7.8M)
Payments of withholding taxes for stock-based compensation awards