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Minerals Technologies Inc. develops, produces, and markets various mineral, mineral-based products and services. The company operates through two segments, Consumer & Specialties, and Engineered Solutions segments. The Consumer & Specialties segment offers household and personal care products, such as cat litter under the SIVO brand name, personal care, fabric care, edible oil and renewable fluid purification, animal health, and agricultural products; and specialty additives products, including precipitated calcium carbonate and ground calcium carbonate products that are used in the paper, paperboard, and fiber-based packaging industries, as well as automotive, construction, consumer markets, and packaging applications. The Engineered Solutions segment provides high-temperature technology products consisting of custom-blended mineral and non-mineral products for casting auto and heavy truck parts, agriculture and construction equipment, municipal, infrastructure and other industrial castings markets; and environmental and infrastructure products comprising geosynthetic clay lining systems, vapor intrusion mitigation products, sub surface waterproofing systems, green roofs, wastewater remediation, drinking water purification technologies, and drilling products. In addition, this segment offers gunnable monolithic refractory products and application systems; monolithic refractory materials and pre-cast refractory shapes; refractory shapes and linings; carbon composites and pyrolitic graphite under PYROID brand; and filtration and well testing services. It markets its products primarily through its direct sales force, as well as regional distributors. The company operates in the United States, Canada, Latin America, Europe, Africa, and Asia. Minerals Technologies Inc. was incorporated in 1968 and is headquartered in New York, New York.
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 | $2.1B | $132M | $-18M | $87M | -1.1% | -2.2% | -111.0% |
| 2024 | $2.1B | $375M | $167M | $147M | 9.6% | -2.4% | 98.7% |
| 2023 | $2.2B | $262M | $84M | $140M | 5.1% | 2.1% | -31.2% |
| 2022 | $2.1B | $295M | $122M | $23M | 7.7% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 2,125.50 | 2,169.90 | 2,118.50 | 2,072.60 |
| Operating Revenue | - | 2,125.50 | 2,169.90 | 2,118.50 | 2,072.60 |
| Cost Of Revenue | - | 1,660.50 | 1,662.80 | 1,570.80 | 1,554.60 |
| Gross Profit | - | 465 | 507.10 | 547.70 | 518 |
| Operating Expense | - | 212.50 | 227.20 | 232.20 | 230.90 |
| Research And Development | - | 20.40 | 21.20 | 23 | 22.90 |
| Selling General And Administration | - | 192.10 | 206 | 209.20 | 208 |
| Total Expenses | - | 1,873 | 1,890 | 1,803 | 1,785.50 |
| Operating Income | - | 252.50 | 279.90 | 315.50 | 287.10 |
| Total Operating Income As Reported | - | 214.80 | 171.80 | 286.50 | 47.40 |
| EBITDA | - | 294.80 | 261.90 | 374.90 | 131.70 |
| Normalized EBITDA | - | 339.40 | 370 | 405.70 | 371.40 |
| EBIT | - | 200.60 | 166.90 | 280 | 40.50 |
| Interest Expense | - | 43.90 | 59.20 | 56.40 | 54.50 |
| Net Interest Income | - | -43.90 | -59.20 | -56.40 | -54.50 |
| Other Non Operating Income Expenses | - | -7.30 | -4.90 | -4.70 | -6.90 |
| Other Income Expense | - | -51.90 | -113 | -35.50 | -246.60 |
| Interest Expense Non Operating | - | 43.90 | 59.20 | 56.40 | 54.50 |
| Net Non Operating Interest Income Expense | - | -43.90 | -59.20 | -56.40 | -54.50 |
| Pretax Income | - | 156.70 | 107.70 | 223.60 | -14 |
| Tax Provision | - | 32.10 | 23.70 | 59.40 | 4.90 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -9.14 | -23.78 | -8.19 | -50.34 |
| Net Income Continuous Operations | - | 126.30 | 88.30 | 170.90 | -14 |
| Net Income From Continuing And Discontinued Operation | - | 122.20 | 84.10 | 167.10 | -18.40 |
| Net Income From Continuing Operation Net Minority Interest | - | 122.20 | 84.10 | 167.10 | -18.40 |
| Net Income | - | 122.20 | 84.10 | 167.10 | -18.40 |
| Net Income Common Stockholders | - | 122.20 | 84.10 | 167.10 | -18.40 |
| Net Income Including Noncontrolling Interests | - | 126.30 | 88.30 | 170.90 | -14 |
| Normalized Income | - | 157.66 | 168.42 | 189.71 | 170.96 |
| Diluted NI Availto Com Stockholders | - | 122.20 | 84.10 | 167.10 | -18.40 |
| Basic Average Shares | - | 32.70 | 32.50 | 32.10 | 31.40 |
| Diluted Average Shares | - | 32.80 | 32.60 | 32.30 | 31.40 |
| Reconciled Depreciation | - | 94.20 | 95 | 94.90 | 91.20 |
| Reconciled Cost Of Revenue | - | 1,660.50 | 1,662.80 | 1,570.80 | 1,554.60 |
| Total Unusual Items | - | -44.60 | -108.10 | -30.80 | -239.70 |
| Total Unusual Items Excluding Goodwill | - | -44.60 | -108.10 | -30.80 | -239.70 |
| Minority Interests | - | -4.10 | -4.20 | -3.80 | -4.40 |
| Earnings From Equity Interest Net Of Tax | - | 1.70 | 4.30 | 6.70 | 4.90 |
| Special Income Charges | - | -44.60 | -108.10 | -30.80 | -239.70 |
| Other Special Charges | - | 39.50 | 29.20 | 43.10 | 234.60 |
| Write Off | 0.70 | 0 | - | - | - |
| Impairment Of Capital Assets | - | 0 | 71.70 | 0 | 0 |
| Restructuring And Mergern Acquisition | - | 5.10 | 7.20 | 0 | 15 |
| General And Administrative Expense | 186.20 | 195.60 | 206 | - | - |
| Other Gand A | 186.20 | 192.10 | 206 | - | - |
| Salaries And Wages | 1.80 | 3.50 | 0 | - | - |
| Gain On Sale Of Ppe | - | 0 | 0 | 12.30 | 9.90 |
| Provision For Doubtful Accounts | - | 0 | 0 | 30 | - |
| Selling And Marketing Expense | 186.20 | - | - | - | - |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Minerals Technologies Inc.this co. | MTX | $2.4B | -129.26 | 1.39 | -1.1% | 22.86 |
| 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 |
| Alpha Metallurgical Resources, Inc. | AMR | $2.7B |
| - |
| - |
| - |
| - |
| - |
| - |
| -44.36 |
| 1.77 |
| -4.0% |
| 24.96 |
| WD-40 Company | WDFC | $2.7B | 30.11 | 10.19 | 33.8% | 24.47 |
| Quaker Chemical Corporation | KWR | $2.4B | -982.03 | 1.78 | -0.2% | 21.93 |
| Boise Cascade Company | BCC | $2.4B | 18.14 | 1.16 | 6.4% | 6.72 |
| Ingevity Corporation | NGVT | $2.3B | -13.75 | 77.38 | -562.6% | 83.64 |
| Peer Median | - | 18.14 | 4.83 | 3.1% | 21.48 | |