Materion Corporation (MTRN) Income Statement
MTRN 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMTRN revenue and net income
Where MTRN's revenue goes
2025Each bar shows an amount and its share of revenue. MTRN kept 4.2% of revenue as net income.
MTRN profit margins
MTRN growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +6.0% | +0.6% | +8.7% | +5.7% |
| Gross profit | −8.7% | −4.7% | +9.1% | +4.6% |
| Operating income | +145.3% | −1.1% | +69.8% | +9.9% |
| Net income | +1,170.8% | −4.5% | +37.1% | +8.8% |
| EPS (diluted) | +1.9% | +1.0% | +20.2% | +13.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MTRN quarterly EPS vs estimates
Materion beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 4, 2026 (estimate $1.89).
MTRN income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.79B | $1.68B | $1.67B | $1.76B | $1.51B | $1.18B | $1.19B | $1.21B | $1.14B | $969.2M |
| Cost of revenue | $1.49B | $1.36B | $1.32B | $1.41B | $1.23B | $983.6M | $922.7M | $956.5M | $926.6M | $784.7M |
| Gross profit | $297.7M | $326.0M | $349.0M | $343.9M | $283.8M | $192.6M | $262.7M | $251.4M | $212.8M | $184.5M |
| Research & development | $25.9M | $29.0M | $27.5M | $29.0M | $26.6M | $20.3M | $18.3M | $15.2M | $14.0M | $12.8M |
| Sales, general & admin | $143.1M | $145.6M | $164.7M | $169.3M | $163.8M | $134.0M | $147.2M | $153.5M | $146.2M | $129.7M |
| Total operating expenses | $181.9M | $278.8M | $212.6M | $224.1M | $206.7M | $184.4M | $192.1M | $189.6M | $172.8M | $155.6M |
| Operating income | $115.9M | $47.2M | $136.4M | $119.8M | $77.1M | $8.2M | $70.5M | $61.8M | $40.0M | $28.9M |
| Interest income | — | — | — | — | — | — | $1.6M | $2.5M | $2.2M | $1.8M |
| Interest expense | $27.7M | $34.8M | $31.3M | $21.9M | $4.9M | $3.9M | $1.6M | $2.5M | $2.2M | $1.8M |
| Income before taxes | $81.5M | $14.9M | $107.8M | $103.1M | $77.3M | $8.3M | $65.5M | $16.3M | $36.4M | $25.3M |
| Income taxes | $6.7M | $9.0M | $12.1M | $17.1M | $4.9M | −$7.2M | $12.1M | −$4.5M | $24.9M | −$425,000 |
| Net income | $74.8M | $5.9M | $95.7M | $86.0M | $72.5M | $15.5M | $53.4M | $20.8M | $11.5M | $25.7M |
| EBITDA | $178.3M | $204.9M | $204.8M | $179.3M | $127.5M | $74.1M | $124.2M | $62.2M | $81.5M | $76.2M |
| EPS (diluted) | $5.44 | $5.34 | $5.64 | $5.28 | $3.81 | $2.17 | $3.06 | $2.38 | $1.72 | $1.32 |
| Gross margin | 16.7% | 19.3% | 21.0% | 19.6% | 18.8% | 16.4% | 22.2% | 20.8% | 18.7% | 19.0% |
| Operating margin | 6.5% | 2.8% | 8.2% | 6.8% | 5.1% | 0.7% | 6.0% | 5.1% | 3.5% | 3.0% |
| Net margin | 4.2% | 0.3% | 5.7% | 4.9% | 4.8% | 1.3% | 4.5% | 1.7% | 1.0% | 2.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $613.9M | $549.8M | $489.8M | $444.8M | $431.6M | $420.3M | $436.9M | $436.7M | $425.7M | $385.3M | $421.1M | $403.1M |
| Cost of revenue | $509.6M | $470.6M | $428.7M | $361.4M | $351.8M | $347.0M | $343.9M | $355.8M | $347.9M | $314.1M | $341.3M | $314.1M |
| Gross profit | $104.3M | $79.2M | $61.0M | $83.4M | $79.8M | $73.3M | $93.0M | $80.9M | $77.7M | $71.2M | $79.7M | $88.9M |
| Research & development | $6.6M | $6.2M | $6.5M | $6.5M | $6.4M | $6.5M | $6.3M | $7.9M | $7.7M | $7.1M | $6.4M | $6.3M |
| Sales, general & admin | $42.3M | $36.2M | $34.3M | $38.3M | $35.0M | $35.4M | $41.1M | $35.0M | $33.6M | $35.8M | $39.9M | $38.8M |
| Total operating expenses | $52.6M | $49.0M | $48.6M | $47.7M | $41.9M | $44.7M | $131.3M | $49.7M | $42.4M | $49.0M | $52.1M | $52.4M |
| Operating income | $51.7M | $30.3M | $12.4M | $35.8M | $37.9M | $28.5M | −$38.3M | $31.3M | $35.4M | $22.2M | $27.6M | $36.5M |
| Interest expense | $7.5M | $7.1M | $7.3M | $6.7M | $7.4M | $6.2M | $8.8M | $8.8M | $8.8M | $8.3M | $8.5M | $7.7M |
| Income before taxes | $44.5M | $20.9M | $3.3M | $28.1M | $29.2M | $20.9M | −$46.7M | $23.1M | $23.9M | $14.6M | $19.7M | $29.5M |
| Income taxes | $5.7M | $1.5M | −$3.2M | $2.7M | $4.0M | $3.2M | $2.2M | $768,000 | $4.9M | $1.2M | $238,000 | $3.0M |
| Net income | $38.8M | $19.4M | $6.6M | $25.4M | $25.1M | $17.7M | −$48.9M | $22.3M | $19.0M | $13.4M | $19.5M | $26.6M |
| EBITDA | $71.2M | $46.4M | $28.2M | $52.4M | $54.1M | $43.6M | $58.7M | $52.7M | $47.9M | $41.1M | $43.6M | $54.0M |
| EPS (diluted) | $1.90 | $1.27 | $1.53 | $1.41 | $1.37 | $1.13 | $1.55 | $1.41 | $1.42 | $0.96 | $1.41 | $1.51 |
| Gross margin | 17.0% | 14.4% | 12.5% | 18.8% | 18.5% | 17.4% | 21.3% | 18.5% | 18.3% | 18.5% | 18.9% | 22.1% |
| Operating margin | 8.4% | 5.5% | 2.5% | 8.0% | 8.8% | 6.8% | −8.8% | 7.2% | 8.3% | 5.8% | 6.6% | 9.1% |
| Net margin | 6.3% | 3.5% | 1.3% | 5.7% | 5.8% | 4.2% | −11.2% | 5.1% | 4.5% | 3.5% | 4.6% | 6.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MTRN's financial statements (latest annual report filed February 12, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MTRN financial results
In fiscal year 2025 (ended December 31, 2025), Materion reported revenue of $1.8 billion, up 6.0% from the year before. It had net income of $74.8 million (up 1,170.8%), a net profit margin of 4.2%. Diluted earnings per share came to $5.44. Over five years revenue grew at an average rate of 8.7% a year.
See the MTRN stock overview for the latest quote and news, or the MTRN chart for price history and technical indicators.
MTRN income statement FAQ
What is Materion's annual revenue?
Materion reported total revenue of $1.8 billion for fiscal year 2025, which ended on December 31, 2025. That was up 6.0% from $1.7 billion the previous year.
Is Materion profitable?
Yes. Materion reported net income of $74.8 million in fiscal 2025, a net profit margin of 4.2%; its operating margin was 6.5%.
What is Materion's gross margin?
Materion's gross margin was 16.7% in fiscal 2025: for every $100 of revenue, Materion kept $17 after the direct cost of its products and services.
How much does Materion spend on research and development?
Materion spent $25.9 million on research and development in fiscal 2025, 1.5% of revenue.
How fast is Materion growing?
Revenue grew 8.7% a year on average over the last five fiscal years, from $1.2 billion to $1.8 billion.
What are Materion's earnings per share?
Materion earned $5.44 per diluted share in fiscal 2025, compared with $5.34 a year earlier.
When will Materion report its next earnings?
Materion is expected to report results for the quarter ending September 30, 2026 on November 4, 2026.
When does Materion's fiscal year end?
Materion's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 12, 2026.