M-tron Industries, Inc. (MPTI) Balance Sheet
MPTI balance sheet, 2025
December 31, 2025 · U.S. dollars$68.4M assets = $5.2M liabilities + $63.2M equity
Both columns are drawn to the same scale: what MPTI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
MPTI financial health
Descriptive bands, not a rating. Fiscal 2025.
MPTI balance sheet trends, 2020–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $17.9M2020 | $68.4M2025 | +30.7%/yr | |
| Total liabilities | $2.9M2020 | $5.2M2025 | +11.9%/yr | |
| Shareholders’ equity | $15.0M2020 | $63.2M2025 | +33.4%/yr | |
| Cash & short-term investments | $2.5M2020 | $20.9M2025 | +53.4%/yr | |
| Total debt | $132,0002020 | $217,0002025 | +10.5%/yr | |
| Net cash (debt) | $2.3M2020 | $20.7M2025 | +$18.4M | |
| Working capital | $8.9M2020 | $56.3M2025 | +$47.4M | |
| Book value per share | $2.782020 | $19.592025 | +47.8%/yr | |
| Debt / equity | 0.012020 | 0.002025 | −0.01 | |
| Shares outstanding | 5.4M2020 | 3.2M2025 | −9.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MPTI assets
MPTI liabilities and equity
MPTI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
MPTI balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash & short-term investments | $20.9M | $12.6M | $3.9M | $926,000 | $2.6M | $2.5M |
| Cash & equivalents | $20.9M | $12.6M | $3.9M | $926,000 | $2.6M | $2.5M |
| Receivables | $29.0M | $6.8M | $4.8M | $5.2M | $4.0M | $3.9M |
| Inventory | $9.7M | $9.5M | $8.9M | $7.5M | $5.2M | $5.1M |
| Other current assets | $1.7M | $760,000 | $588,000 | $673,000 | $242,000 | $233,000 |
| Total current assets | $61.2M | $29.8M | $18.2M | $14.3M | $12.1M | $11.7M |
| Property, plant & equipment (net) | $6.7M | $5.1M | $4.2M | $3.8M | $3.6M | $3.0M |
| Goodwill & intangible assets | $40,000 | $40,000 | $45,000 | $98,000 | $152,000 | $206,000 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $395,000 | $1.6M | $1.8M | $1.1M | $4.2M | $3.0M |
| Total assets | $68.4M | $36.5M | $24.3M | $19.3M | $20.0M | $17.9M |
| Liabilities | ||||||
| Accounts payable | $1.8M | $1.4M | $1.3M | $2.4M | $1.4M | $1.2M |
| Short-term debt | $69,000 | $9,000 | $71,000 | $71,000 | — | — |
| Deferred revenue | — | — | $277,000 | $1.1M | — | — |
| Total current liabilities | $4.9M | $5.2M | $4.4M | $4.9M | $3.0M | $2.8M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $148,000 | $0 | $26,000 | $76,000 | $145,000 | $132,000 |
| Other long-term liabilities | $277,000 | $641,999 | $26,000 | $76,000 | $145,000 | $132,000 |
| Total liabilities | $5.2M | $5.2M | $4.4M | $4.9M | $3.2M | $2.9M |
| Shareholders' equity | ||||||
| Common stock & paid-in capital | $34,000 | $28,000 | $27,000 | $27,000 | $16.8M | $15.0M |
| Retained earnings (deficit) | $19.8M | $11.3M | $3.7M | $212,000 | $0 | — |
| Accumulated other comprehensive income | — | — | $0 | $0 | $16.8M | $15.0M |
| Total shareholders' equity | $63.2M | $31.3M | $19.9M | $14.3M | $16.8M | $15.0M |
| Key figures | ||||||
| Total debt | $217,000 | $9,000 | $97,000 | $147,000 | $145,000 | $132,000 |
| Net cash (debt) | $20.7M | $12.6M | $3.8M | $779,000 | $2.5M | $2.3M |
| Working capital | $56.3M | $24.5M | $13.8M | $9.5M | $9.1M | $8.9M |
| Tangible book value | $63.2M | $31.2M | $19.9M | $14.2M | $16.7M | $14.8M |
| Book value per share | $19.59 | $10.84 | $7.28 | $5.36 | $6.32 | $2.78 |
| Shares outstanding | 3.2M | 2.9M | 2.7M | 2.7M | 2.7M | 5.4M |
| Current ratio | 12.52 | 5.70 | 4.15 | 2.95 | 4.01 | 4.18 |
| Quick ratio | 10.20 | 3.74 | 1.99 | 1.26 | 2.20 | 2.28 |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 |
| Equity / assets | 92.4% | 85.7% | 81.9% | 74.4% | 84.2% | 83.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $96.2M | $52.0M | $20.9M | $18.3M | $15.5M | $13.7M | $12.6M | $8.5M | $6.5M | $5.4M | $3.9M | $2.6M |
| Cash & equivalents | $96.2M | $52.0M | $20.9M | $18.3M | $15.5M | $13.7M | $12.6M | $8.5M | $6.5M | $5.4M | $3.9M | $2.6M |
| Receivables | $8.2M | $8.1M | $29.0M | $6.2M | $6.3M | $6.7M | $6.8M | $6.1M | $5.2M | $5.6M | $4.8M | $5.0M |
| Inventory | $10.9M | $10.3M | $9.7M | $9.3M | $9.1M | $9.4M | $9.5M | $9.6M | $9.3M | $9.2M | $8.9M | $9.0M |
| Other current assets | $2.5M | $1.6M | $1.7M | $1.1M | $874,000 | $694,000 | $760,000 | $555,000 | $640,000 | $554,000 | $588,000 | $419,000 |
| Total current assets | $117.9M | $71.9M | $61.2M | $34.9M | $31.8M | $30.4M | $29.8M | $24.7M | $21.7M | $20.7M | $18.2M | $17.0M |
| Property, plant & equipment (net) | $7.5M | $6.9M | $6.7M | $6.7M | $6.2M | $5.6M | $5.1M | $4.9M | $4.7M | $4.1M | $4.2M | $3.7M |
| Goodwill & intangible assets | $40,000 | $80,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $80,000 | $80,000 | $80,000 | $45,000 | $58,000 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $550,000 | $422,000 | $395,000 | $561,000 | $1.7M | $1.7M | $1.6M | $1.9M | $1.9M | $1.9M | $1.8M | $1.0M |
| Total assets | $125.9M | $79.3M | $68.4M | $42.2M | $39.7M | $37.8M | $36.5M | $31.5M | $28.4M | $26.8M | $24.3M | $21.8M |
| Liabilities | ||||||||||||
| Accounts payable | $2.4M | $2.2M | $1.8M | $1.6M | $1.5M | $2.0M | $1.4M | $1.2M | $1.4M | $1.2M | $1.3M | $1.4M |
| Short-term debt | — | — | $69,000 | — | — | — | $9,000 | — | — | — | $71,000 | — |
| Deferred revenue | — | — | — | — | — | — | — | — | — | — | $277,000 | — |
| Total current liabilities | $7.1M | $6.1M | $4.9M | $5.1M | $4.7M | $4.6M | $5.2M | $5.3M | $4.7M | $5.1M | $4.4M | $4.0M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $132,000 | $128,000 | $148,000 | $159,000 | $190,000 | $41,000 | $0 | $9,000 | $9,000 | $10,000 | $26,000 | $40,000 |
| Other long-term liabilities | $132,000 | $128,000 | $277,000 | $158,999 | $190,000 | $41,000 | $641,999 | $9,000 | $9,000 | $10,000 | $26,000 | $40,000 |
| Total liabilities | $7.2M | $6.2M | $5.2M | $5.2M | $4.9M | $4.6M | $5.2M | $5.3M | $4.7M | $5.1M | $4.4M | $4.0M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $43,000 | $35,000 | $34,000 | $28,000 | $28,000 | $28,000 | $28,000 | $27,000 | $27,000 | $27,000 | $27,000 | $27,000 |
| Retained earnings (deficit) | $24.0M | $22.2M | $19.8M | $16.4M | $14.5M | $13.0M | $11.3M | $9.2M | $6.9M | $5.2M | $3.7M | $3.6M |
| Accumulated other comprehensive income | — | — | — | — | $0 | — | — | — | $0 | $0 | $0 | $0 |
| Total shareholders' equity | $118.7M | $73.1M | $63.2M | $37.0M | $34.8M | $33.2M | $31.3M | $26.2M | $23.7M | $21.7M | $19.9M | $17.8M |
| Key figures | ||||||||||||
| Total debt | $132,000 | $128,000 | $217,000 | $159,000 | $190,000 | $41,000 | $9,000 | $9,000 | $9,000 | $10,000 | $97,000 | $40,000 |
| Net cash (debt) | $96.1M | $51.8M | $20.7M | $18.2M | $15.3M | $13.6M | $12.6M | $8.5M | $6.5M | $5.4M | $3.8M | $2.5M |
| Working capital | $110.8M | $65.8M | $56.3M | $29.9M | $27.1M | $25.9M | $24.5M | $19.4M | $16.9M | $15.7M | $13.8M | $13.0M |
| Tangible book value | $118.7M | $73.0M | $63.2M | $37.0M | $34.8M | $33.1M | $31.2M | $26.1M | $23.6M | $21.6M | $19.9M | $17.7M |
| Book value per share | $27.36 | $20.45 | $18.35 | $12.69 | $11.86 | $11.41 | $10.69 | $9.36 | $8.51 | $7.80 | $7.17 | $6.43 |
| Shares outstanding | 4.3M | 3.6M | 3.4M | 2.9M | 2.9M | 2.9M | 2.9M | 2.8M | 2.8M | 2.8M | 2.8M | 2.8M |
| Current ratio | 16.63 | 11.76 | 12.52 | 6.90 | 6.78 | 6.66 | 5.70 | 4.66 | 4.60 | 4.10 | 4.15 | 4.25 |
| Quick ratio | 14.74 | 9.82 | 10.20 | 4.85 | 4.65 | 4.46 | 3.74 | 2.75 | 2.48 | 2.18 | 1.99 | 1.90 |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Equity / assets | 94.3% | 92.1% | 92.4% | 87.6% | 87.7% | 87.8% | 85.7% | 83.2% | 83.4% | 81.1% | 81.9% | 81.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 26, 2026); data from EODHD.
MPTI financial position
At the end of fiscal 2025 (December 31, 2025), M-tron Industries had total assets of $68.4 million (up 87.4% from a year earlier), total liabilities of $5.2 million and shareholders' equity of $63.2 million. It held $20.9 million in cash and short-term investments against $0.2 million of debt, a net cash position of $20.7 million. Its current ratio was 12.52. In the latest quarter (ended June 30, 2026) total assets were $125.9 million and equity $118.7 million.
Related: MPTI income statement, MPTI cash flow statement, MPTI key metrics. See the MPTI stock overview for the latest quote and news.
MPTI balance sheet FAQ
What are M-tron Industries's total assets?
M-tron Industries reported total assets of $68.4 million at the end of fiscal 2025 (December 31, 2025), compared with $36.5 million a year earlier.
How much debt does M-tron Industries have?
M-tron Industries had $0.2 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.00.
How much cash does M-tron Industries have?
M-tron Industries held $20.9 million in cash and short-term investments at the end of fiscal 2025; with $0.2 million of debt that is net cash of $20.7 million.
What is M-tron Industries's book value?
M-tron Industries's shareholders' equity (book value) was $63.2 million at the end of fiscal 2025, or $19.59 per share.
What is M-tron Industries's current ratio?
M-tron Industries had current assets of $61.2 million and current liabilities of $4.9 million, a current ratio of 12.52 (it can cover its short-term obligations).
How much goodwill does M-tron Industries have?
M-tron Industries carried $0.0 million of goodwill and intangible assets, 0.1% of total assets, at the end of fiscal 2025.