Materion Corporation, together with its subsidiaries, produces advanced engineered materials in the United States, Asia, Europe, and internationally. The company operates in four segments: Performance Materials, Electronic Materials, Precision Optics, and Other. It provides beryllium and non-beryllium containing alloy systems and custom engineered metal solutions in strip, bulk, rod, plate, bar, tube, and other customized shapes; engineering and product development services; alloyed metals, beryllium products, and beryllium hydroxide; precision strip, rod, wire, and engineered strip metal products; ToughMet alloys; and SupremEX aluminum silicon carbide metal matrix composite formulation products. The company also operates the bertrandite ore mine and refinery that provides feedstock hydroxide for its beryllium businesses and external sale. In addition, it produces advanced chemicals, microelectronics packaging, precious and non-precious metal, and specialty metal products, including vapor deposition targets, frame lid assemblies, clad and precious metal pre-forms, and high temperature braze materials. Further, the company designs and manufactures precision thin film coatings, optical filters, and assemblies. In addition, it offers inorganic chemicals and powders, specialty coatings, specialty engineered beryllium and copper-based alloys, beryllium composites, ceramics, and engineered clad and plated metal systems. The company sells its products to semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and life sciences through its facilities and service centers, independent distributors and agents, outside distributors, direct sales offices, and independent sales representatives. The company was formerly known as Brush Engineered Materials Inc. and changed its name to Materion Corporation in March 2011. Materion Corporation was founded in 1921 and is based in Mayfield Heights, Ohio.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.8B | $181M | $75M | $24M | 7.9% | 6.0% | 1170.8% |
| 2024 | $1.7B | $118M | $6M | $7M | 0.7% | 1.2% | -93.8% |
| 2023 | $1.7B | $201M | $96M | $25M | 10.8% | -5.2% | 11.3% |
| 2022 | $1.8B | $178M | $86M | $38M | 10.7% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,757.11 | 1,665.19 | 1,684.74 | 1,786.55 |
| Operating Revenue | - | 1,757.11 | 1,665.19 | 1,684.74 | 1,786.55 |
| Cost Of Revenue | - | 1,413.23 | 1,316.14 | 1,358.75 | 1,477.92 |
| Gross Profit | - | 343.88 | 349.04 | 325.98 | 308.63 |
| Operating Expense | - | 223.23 | 208.56 | 192.33 | 195.37 |
| Research And Development | - | 28.98 | 27.54 | 29.03 | 25.94 |
| Selling General And Administration | - | 169.34 | 157.91 | 145.59 | 143.06 |
| Total Expenses | - | 1,636.46 | 1,524.70 | 1,551.08 | 1,673.30 |
| Operating Income | - | 120.65 | 140.49 | 133.66 | 113.25 |
| Total Operating Income As Reported | - | 119.76 | 136.44 | 47.22 | 109.80 |
| EBITDA | - | 178.44 | 200.80 | 118.34 | 181.31 |
| Normalized EBITDA | - | 179.34 | 204.84 | 204.78 | 184.76 |
| EBIT | - | 125 | 139.15 | 49.67 | 112.23 |
| Interest Expense | - | 21.90 | 31.32 | 34.76 | 30.69 |
| Net Interest Income | - | -21.90 | -31.32 | -34.76 | -30.69 |
| Other Non Operating Income Expenses | - | 5.25 | 2.71 | 2.44 | 2.44 |
| Other Income Expense | - | 4.36 | -1.33 | -83.99 | -1.02 |
| Interest Expense Non Operating | - | 21.90 | 31.32 | 34.76 | 30.69 |
| Net Non Operating Interest Income Expense | - | -21.90 | -31.32 | -34.76 | -30.69 |
| Pretax Income | - | 103.10 | 107.83 | 14.90 | 81.54 |
| Tax Provision | - | 17.11 | 12.13 | 9.01 | 6.72 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.15 | -0.46 | -18.15 | -0.28 |
| Net Income Continuous Operations | - | 85.99 | 95.70 | 5.89 | 74.82 |
| Net Income From Continuing And Discontinued Operation | - | 85.99 | 95.70 | 5.89 | 74.82 |
| Net Income From Continuing Operation Net Minority Interest | - | 85.99 | 95.70 | 5.89 | 74.82 |
| Net Income | - | 85.99 | 95.70 | 5.89 | 74.82 |
| Net Income Common Stockholders | - | 85.99 | 95.70 | 5.89 | 74.82 |
| Net Income Including Noncontrolling Interests | - | 85.99 | 95.70 | 5.89 | 74.82 |
| Normalized Income | - | 86.74 | 99.29 | 74.17 | 78 |
| Diluted NI Availto Com Stockholders | - | 85.99 | 95.70 | 5.89 | 74.82 |
| Basic Average Shares | - | 20.51 | 20.62 | 20.73 | 20.76 |
| Diluted Average Shares | - | 20.76 | 20.91 | 20.93 | 20.91 |
| Reconciled Depreciation | - | 53.44 | 61.64 | 68.68 | 69.07 |
| Reconciled Cost Of Revenue | - | 1,372.19 | 1,267.38 | 1,302.21 | 1,419.86 |
| Total Unusual Items | - | -0.89 | -4.04 | -86.44 | -3.46 |
| Total Unusual Items Excluding Goodwill | - | -0.89 | -4.04 | -86.44 | -3.46 |
| Special Income Charges | - | -1.57 | -3.82 | -86.46 | -3.16 |
| Write Off | 0 | 0 | - | - | - |
| Impairment Of Capital Assets | - | 0 | 0 | 73.20 | 0 |
| Restructuring And Mergern Acquisition | - | 1.57 | 3.82 | 6.85 | 3.16 |
| Gain On Sale Of Security | - | 0.68 | -0.22 | 0.03 | -0.30 |
| Depreciation Amortization Depletion Income Statement | - | 12.40 | 12.88 | 12.13 | 11.01 |
| Depreciation And Amortization In Income Statement | - | 12.40 | 12.88 | 12.13 | 11.01 |
| Gain On Sale Of Ppe | - | 0 | 0 | -6.41 | 0 |
| Other Operating Expenses | - | 12.52 | 10.23 | 5.58 | 15.36 |
| Amortization | - | 12.40 | 12.88 | 12.13 | 11.01 |
| Amortization Of Intangibles Income Statement | - | 12.40 | 12.88 | 12.13 | 11.01 |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Materion Corporationthis co. | MTRN | $4.7B | 63.23β premium | 5.02 | 7.9% | 28.96 |
| Celanese Corporation | CE | $5.9B | -5.08 | 1.46 | -28.8% | 65.88 |
| Warrior Met Coal, Inc. | HCC | $5.6B | 98.13 | 2.61 | 2.7% | 22.01 |
| Balchem Corporation | BCPC | $5.1B | 32.79 | 4.04 | 12.3% | 20.33 |
| Sensient Technologies Corporation | SXT | $4.8B |
| - |
| - |
| - |
| - |
| - |
| 35.70 |
| 4.02 |
| 11.3% |
| 20.41 |
| H.B. Fuller Company | FUL | $3.3B | 21.64 | 1.64 | 7.6% | 9.98 |
| The Chemours Company | CC | $3.3B | - | 13.03 | -154.4% | 21.03 |
| Hawkins, Inc. | HWKN | $3.2B | 39.04 | 5.96 | 15.3% | 19.62 |
| Kaiser Aluminum Corporation | KALU | $3.1B | 27.14 | 3.70 | 13.6% | 12.82 |
| Peer Median | - | 32.79 | 3.86 | 9.4% | 20.37 | |