Materion Corporation (MTRN) Stock

Materion Corporation (MTRN) is a Industrials stock trading at $232.45 (as of 2026-08-20), with a market capitalization of $4.84B and a trailing P/E of 63.2. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Materion Corporation, through subsidiaries, manufactures advanced engineered materials and products including alloy systems and custom parts, advanced chemicals and microelectronics packaging items, and precision optics offerings. It operates in multiple segments and sells to customers serving semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and telecom/data center markets across the U.S. and internationally.

Understand Materion Corporation: how it makes money

Materion produces advanced engineered materials and components for industries including semiconductors, aerospace and defense, automotive, energy, consumer electronics, and telecom and data center, and it makes money by selling these engineered materials and custom parts into those end markets.

Materion’s profit engine is converting engineered material know-how into higher-value commercial activity, tracked through Value-Added Sales, with demand often flowing from technical qualification and contracting signals such as defense quotation activity and multi-year contract value.

Revenue by segment (latest quarter)
PAC$0.2B
AM$0.2B
PO$0.1B

Business quality (Mixed): Good clarity on what Materion sells and that value-added sales are a central operating driver, but the provided segment revenue breakdown is not perfectly aligned to the reportable segment names, so investors should treat segment split details as directional.

Valuation: At 79× earnings, MTRN trades 233% above the Fabricated Products average (24×). Note: one-time items can distort reported P/E.

Bull case

  • Value-added focus: Value-Added Sales are a large share of activity (Value-Added Sales of 0.26 USD_B), consistent with Materion’s engineered materials and custom parts positioning.
  • Defense commercialization signals: Open Requests for Quotation (Defense) are provided as an operating signal (0.3 USD_B), and there are also Defense Orders Received (0.06 USD_B) indicators.
  • Long-cycle contract presence: New Multi-Year Contract Value (Space Propulsion) is provided as an operating signal (0.15 USD_B), indicating some demand may be supported by longer-cycle contracting.

Bear case

  • Thin operating profitability: Operating margin is 5.1%, which leaves less cushion if costs rise or sales mix shifts.
  • End-market order flow may be lumpy: Several operating signals relate to quotation and specific programs (for example, requests for quotation and multi-year contract value), which can imply uneven timing from quarter to quarter.
  • Smaller precision exposure in the provided split: The provided segment candidates show Precision-related categories as smaller (Precision Materials Segment 0.03 USD_B and Precious Metals 0.03 USD_B), so performance could be more sensitive to changes in those areas.
Valuation — source: SEC EDGAR (first-party)
Price$232.45
Market Cap$4.84B
P/E Ratio63.2
EV / EBITDA29.2
Price / Book5.05
Price / Sales2.52
FCF Yield-0.4%
DCF Value (model)$20.16
DCF Upside vs Price-91.3%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.79B
Net Margin4.2%
Revenue Growth (YoY)30.8%
EPS Growth (YoY)9.4%
FCF Growth (YoY)-716.0%
Financial Health — source: SEC EDGAR
Altman Z-Score5.62 (safe)
Piotroski F-Score6/9 (moderate)
Valuation vs Sector & Industry
Stock P/E63.2
Sector P/E (Industrials)25.9
Industry P/E (Fabricated Products)25.3
vs Sector144.1%
vs Industry149.5%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($487.32M)
Institutional Holders Tracked10
Company
SectorIndustrials
IndustryFabricated Products
CEOJugal K. Vijayvargiya
Employees3,000
CountryUS
IPO Date1980-03-17

Related Companies (Business model: Industrials / Capital Goods (Heavy Machinery + Diversified Industrials); 8 closest by market cap; US-domiciled)

  • Simpson Manufacturing Co., Inc. (SSD)
  • Arcosa, Inc. (ACA)
  • X-Energy, Inc. (XE)
  • Griffon Corporation (GFF)
  • Silgan Holdings Inc. (SLGN)
  • AZZ Inc. (AZZ)
  • TriMas Corporation (TRS)
  • Park-Ohio Holdings Corp. (PKOH)
MTRN earnings history · MTRN institutional & insider holders · MTRN KPIs & operating metrics · MTRN financials · MTRN investor presentations & press releases · MTRN SEC filings · MTRN peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.