Minerals Technologies Inc (MTX) financial statements: income statement, balance sheet and cash flow
Minerals Technologies Inc'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), Minerals Technologies Inc reported revenue of $2.1B (-2.2% year on year) and net income of ($18.4M) (-111.0% year on year).
Income statement
Minerals Technologies Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net sales
$2.1B
$2.1B
$2.2B
$2.1B
Cost of goods sold
$1.6B
$1.6B
$1.7B
$1.7B
Production margin
$518.0M
$547.7M
$507.1M
$465.0M
Marketing and administrative expenses
$208.0M
$209.2M
$206.0M
$192.1M
Research and development expenses
$22.9M
$23.0M
$21.2M
$20.4M
Provision for litigation accrual and credit losses
$215.0M
—
—
—
Restructuring and other items
$15.0M
$0
$6.9M
—
Impairment of assets
$0
$0
$71.7M
—
Acquisition-related expenses
$0
$0
$300.0K
$5.1M
Gain on sale of assets, net
($9.9M)
($12.3M)
—
—
Litigation expenses
$19.6M
$11.3M
—
$32.6M
Income from operations
$47.4M
$286.5M
$171.8M
$214.8M
Interest expense, net
($54.5M)
($56.4M)
($59.2M)
($43.9M)
Debt extinguishment expenses
$0
($1.8M)
$0
($6.9M)
Other non-operating deductions, net
($6.9M)
($4.7M)
($4.9M)
($3.8M)
Total non-operating deductions, net
($61.4M)
($62.9M)
($64.1M)
($58.1M)
Income (loss) before tax and equity in earnings
($14.0M)
$223.6M
$107.7M
$156.7M
Provision for taxes on income
$4.9M
$59.4M
$23.7M
$32.1M
Equity in earnings of affiliates, net of tax
$4.9M
$6.7M
$4.3M
$1.7M
Net income (loss)
($14.0M)
$170.9M
$88.3M
$126.3M
Less: Net income attributable to non-controlling interests
$4.4M
$3.8M
$4.2M
$4.1M
Net income (loss) attributable to Minerals Technologies Inc. (MTI)
($18.4M)
$167.1M
$84.1M
$122.2M
Basic net income (loss) attributable to Minerals Technologies Inc. (in Dollars per share)
-$0.59
$5.21
$2.59
$3.74
Diluted net income (loss) attributable to Minerals Technologies Inc. (in Dollars per share)
-$0.59
$5.17
$2.58
$3.73
Cash dividends declared per common share (in Dollars per share)
$0.45
$0.41
$0.25
$0.20
Basic (in Shares)
31.4M
32.1M
32.5M
32.7M
Diluted (in Shares)
31.4M
32.3M
32.6M
32.8M
Minerals Technologies Inc income statement, quarters
Line item
Jul 5, 2026 · Q3
Apr 5, 2026 · Q2
Sep 28, 2025 · Q3
Jun 29, 2025 · Q2
Net sales
$548.4M
$546.9M
$532.4M
$528.9M
Cost of goods sold
$414.6M
$415.8M
$395.4M
$392.0M
Production margin
$133.8M
$131.1M
$137.0M
$136.9M
Marketing and administrative expenses
$53.3M
$57.5M
$53.0M
$52.2M
Research and development expenses
$5.9M
$6.1M
$5.6M
$5.7M
Provision for litigation accrual and credit losses
$290.0M
$0
—
—
Restructuring and other items
$0
$0
$0
$5.8M
Gain on sale of assets, net
$0
—
$0
($5.6M)
Litigation expenses
$4.9M
$8.8M
$7.5M
$4.2M
Income (loss) from operations
($220.3M)
$58.7M
$70.9M
$74.6M
Interest expense, net
($12.1M)
($13.3M)
($13.8M)
($13.6M)
Other non-operating income (deductions), net
$1.1M
$500.0K
($500.0K)
($1.9M)
Total non-operating deductions, net
($11.0M)
($12.8M)
($14.3M)
($15.5M)
Income (loss) before tax and equity in earnings
($231.3M)
$45.9M
$56.6M
$59.1M
Provision (benefit) for taxes on income
($46.2M)
$9.9M
$13.5M
$13.9M
Equity in earnings of affiliates, net of tax
$2.5M
$1.3M
$1.1M
$1.1M
Net income (loss)
($182.6M)
$37.3M
$44.2M
$46.3M
Less: Net income attributable to non-controlling interests
$1.0M
$1.1M
$1.2M
$900.0K
Net income (loss) attributable to Minerals Technologies Inc.
($183.6M)
$36.2M
$43.0M
$45.4M
Basic net income (loss) attributable to Minerals Technologies Inc. (in Dollars per share)
-$5.90
$1.17
$1.37
$1.44
Diluted net income (loss) attributable to Minerals Technologies Inc. (in Dollars per share)
-$5.90
$1.17
$1.37
$1.44
Cash dividends declared per common share (in Dollars per share)
$0.12
$0.12
$0.11
$0.11
Basic (in Shares)
31.1M
31.0M
31.3M
31.6M
Diluted (in Shares)
31.1M
31.0M
31.3M
31.6M
Balance sheet
Minerals Technologies Inc 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
$329.0M
$333.1M
$317.2M
$247.2M
Short-term investments, at cost which approximates market
$3.6M
$4.0M
$4.3M
$5.6M
Accounts receivable
$400.1M
$385.2M
$399.1M
$404.0M
Inventories
$350.2M
$342.1M
$325.4M
$348.8M
Prepaid expenses
$69.6M
$61.1M
$45.0M
$43.3M
Other current assets
$3.1M
$5.5M
$8.0M
$21.6M
Total current assets
$1.2B
$1.1B
$1.1B
$1.1B
Property, plant, and equipment, less accumulated depreciation, and depletion
$1.0B
$989.7M
$986.8M
$1.1B
Goodwill
$915.9M
$913.8M
$913.6M
$914.8M
Intangible assets
$208.7M
$218.1M
$231.0M
$241.9M
Deferred income taxes
$15.2M
$14.8M
$16.0M
$24.4M
Other assets and deferred charges
$148.6M
$126.5M
$100.2M
$99.6M
Total assets
$3.5B
$3.4B
$3.3B
$3.4B
Short-term debt
$400.0K
$5.1M
$85.4M
$119.7M
Current maturities of long-term debt
$6.3M
$6.5M
$18.0M
$14.5M
Accounts payable
$187.9M
$185.5M
$188.7M
$193.8M
Income tax payable
$7.8M
$27.4M
$14.0M
$9.5M
Accrued compensation and related items
$56.7M
$67.5M
$59.2M
$55.3M
Other current liabilities
$296.3M
$105.7M
$92.0M
$109.8M
Total current liabilities
$555.4M
$397.7M
$457.3M
$502.6M
Long-term debt, net of unamortized discount and deferred financing costs
$955.0M
$959.6M
$911.1M
$928.1M
Deferred income taxes
$90.7M
$130.5M
$139.3M
$180.4M
Accrued pension and postretirement benefits
$19.5M
$20.5M
$51.7M
$63.5M
Other non-current liabilities
$98.7M
$102.4M
$100.5M
$113.8M
Total liabilities
$1.7B
$1.6B
$1.7B
$1.8B
Preferred stock, without par value; 1,000,000 shares authorized; none issued
0
0
0
0
Common stock, par value at $0.10 per share; 100,000,000 shares authorized; Issued 50,099,919 shares in 2025 and 49,993,737 shares in 2024
$5000000.00
$5000000.00
$4900000.00
$4900000.00
Additional paid-in capital
$535.1M
$523.9M
$501.2M
$487.6M
Retained earnings
$2.5B
$2.5B
$2.4B
$2.3B
Accumulated other comprehensive loss
($340.4M)
($387.1M)
($369.4M)
($366.5M)
Less common stock held in treasury, at cost; 19,065,813 shares in 2025 and 18,098,082 shares in 2024
-968.2M
-909.3M
-845.3M
—
Total Minerals Technologies Inc. shareholders' equity
$1.7B
$1.7B
$1.7B
$1.6B
Non-controlling interests
$36.3M
$36.2M
$34.7M
$33.7M
Total shareholders' equity
$1.7B
$1.8B
$1.7B
$1.6B
Total liabilities and shareholders' equity
$3.5B
$3.4B
$3.3B
$3.4B
Minerals Technologies Inc balance sheet, quarters
Line item
Jul 5, 2026
Apr 5, 2026
Sep 28, 2025
Jun 29, 2025
Cash and cash equivalents
$342.2M
$315.9M
$319.6M
$313.8M
Short-term investments
$4.0M
$5.4M
$8.7M
$6.1M
Accounts receivable, net
$412.6M
$412.7M
$413.4M
$425.9M
Inventories
$355.6M
$357.9M
$363.7M
$359.6M
Prepaid expenses and other current assets
$69.3M
$63.6M
$67.9M
$67.4M
Total current assets
$1.2B
$1.2B
$1.2B
$1.2B
Property, plant, and equipment
$2.3B
$2.3B
$2.3B
$2.3B
Less accumulated depreciation and depletion
($1.3B)
($1.3B)
($1.3B)
($1.3B)
Property, plant, and equipment, net
$1.0B
$1.0B
$1.0B
$1.0B
Goodwill
$915.9M
$915.6M
$916.2M
$915.9M
Intangible assets
$202.4M
$205.5M
$211.5M
$214.4M
Deferred income taxes
$15.4M
$15.7M
$15.7M
$15.8M
Other assets and deferred charges
$144.9M
$146.4M
$129.2M
$129.5M
Total assets
$3.5B
$3.5B
$3.5B
$3.5B
Short-term debt
$6.0M
$6.0M
$13.4M
$17.7M
Current maturities of long-term debt
$6.0M
$6.2M
$6.5M
$6.6M
Accounts payable
$202.6M
$199.7M
$196.9M
$198.0M
Other current liabilities
$613.9M
$331.5M
$374.7M
$380.5M
Total current liabilities
$828.5M
$543.4M
$591.5M
$602.8M
Long-term debt, net of unamortized discount and deferred financing costs
$952.9M
$954.0M
$957.8M
$959.0M
Deferred income taxes
$29.7M
$90.8M
$87.4M
$87.8M
Accrued pension and postretirement benefits
$14.0M
$16.8M
$14.2M
$16.9M
Other non-current liabilities
$93.3M
$98.8M
$98.4M
$100.3M
Total liabilities
$1.9B
$1.7B
$1.7B
$1.8B
Common stock
$5.0M
$5.0M
$5.0M
$5.0M
Additional paid-in capital
$547.8M
$535.8M
$530.4M
$526.9M
Retained earnings
$2.3B
$2.5B
$2.4B
$2.4B
Accumulated other comprehensive loss
($359.6M)
($353.5M)
($351.5M)
($346.9M)
Less common stock held in treasury
($975.3M)
($973.6M)
($957.2M)
($939.9M)
Total Minerals Technologies Inc. shareholders’ equity
$1.5B
$1.7B
$1.7B
$1.7B
Non-controlling interests
$31.9M
$33.4M
$34.3M
$34.0M
Total shareholders’ equity
$1.6B
$1.8B
$1.7B
$1.7B
Total liabilities and shareholders’ equity
$3.5B
$3.5B
$3.5B
$3.5B
Cash flow statement
Minerals Technologies Inc 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 (loss)
($14.0M)
$170.9M
$88.3M
$126.3M
Depreciation, depletion, and amortization
$91.2M
$94.9M
$95.0M
$94.2M
Provision for litigation accrual and credit losses
$215.0M
—
—
—
Loss (gain) on disposal of property, plant, and equipment
$3.3M
($11.8M)
$2.0M
($100.0K)
Deferred income taxes
($45.8M)
($7.6M)
($34.8M)
($17.2M)
Pension amortization and settlement loss
$0
$1.1M
$2.3M
$8.4M
Provision for bad debts
$4.1M
$1.4M
$2.8M
$4.1M
Stock-based compensation
$11.9M
$11.8M
$11.3M
$10.4M
Impairment of assets
$0
$0
$71.7M
$0
Reduction of right of use asset
$15.7M
$14.4M
$14.1M
$12.8M
Non-cash debt extinguishment expenses
$0
$1.8M
$0
$6.9M
Restructuring costs
$15.0M
$0
$6.9M
—
Other non-cash items, net
($4.9M)
($6.6M)
($4.3M)
($1.7M)
Accounts receivable
($5.2M)
$5.2M
$1.8M
($48.3M)
Inventories
($2.0M)
($26.2M)
$18.7M
($66.1M)
Pension plan funding
($8.6M)
($11.7M)
($9.9M)
($9.1M)
Accounts payable
($2.2M)
$2.3M
($2.9M)
$7.2M
Restructuring liabilities
($2.8M)
($1.4M)
($2.8M)
($700.0K)
Income taxes payable
($19.2M)
$5.8M
$6.7M
$11.7M
Prepaid expenses and other
($57.8M)
($37.9M)
($33.3M)
($33.1M)
Net cash provided by operating activities
$193.7M
$236.4M
$233.6M
$105.7M
Purchases of property, plant, and equipment
($107.1M)
($89.5M)
($93.5M)
($82.3M)
Payments related to acquisition of business, net of cash acquired
$0
($4.0M)
($1.8M)
($22.4M)
Proceeds from sale of assets
$6.8M
$12.3M
$200.0K
$1.0M
Purchases of short-term investments
($14.3M)
($8.6M)
($17.9M)
($6.6M)
Proceeds from sale of short-term investments
$15.3M
$8.0M
$20.0M
$6.7M
Other investing activities
($23.5M)
($12.7M)
$1.3M
$2.0M
Net cash used in investing activities
($122.8M)
($94.5M)
($91.7M)
($101.6M)
Long-term debt issuance
$0
$575.0M
$0
$550.0M
Debt issuance costs
$0
($6.7M)
$0
($3.3M)
Repayment of long-term debt
($6.6M)
($533.6M)
($14.8M)
($552.3M)
Repayment of short-term debt
($4.8M)
($80.2M)
($34.5M)
$0
Purchase of common stock for treasury
($58.5M)
($63.6M)
($14.2M)
($56.0M)
Proceeds from issuance of stock under option plan
$2.4M
$15.7M
$5.1M
$5.7M
Tax withholding payments for stock-based compensation
($3.5M)
($2.8M)
($2.8M)
($3.3M)
Dividends paid to non-controlling interests
($4.1M)
($1.0M)
($2.4M)
($7.7M)
Cash dividends paid
($14.2M)
($13.2M)
($8.1M)
($6.5M)
Net cash used in financing activities
($89.3M)
($110.4M)
($71.7M)
($34.1M)
Effect of exchange rate changes on cash and cash equivalents
$14.3M
($15.6M)
($200.0K)
($22.3M)
Net increase (decrease) in cash and cash equivalents
($4.1M)
$15.9M
$70.0M
($52.3M)
Cash and cash equivalents at beginning of period
$333.1M
$317.2M
$247.2M
$299.5M
Cash and cash equivalents at end of period
$329.0M
$333.1M
$317.2M
$247.2M
Property, plant, and equipment additions related to asset retirement obligations