M-Tron Industries (MPTI)
Market Price (10/28/2026): $69.2 | Market Cap: $300.8 MilSector: Information Technology | Industry: Electronic Components
M-Tron Industries (MPTI)
Market Price (10/28/2026): $69.2Market Cap: $300.8 MilSector: Information TechnologyIndustry: Electronic Components
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -34% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 16% Megatrend and thematic driversMegatrends include 5G & Advanced Connectivity, and Advanced Aviation & Space. Themes include Telecom Infrastructure, Network Equipment, Show more. | Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 10% | Key risksMPTI key risks include [1] high customer concentration, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -34% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 16% |
| Megatrend and thematic driversMegatrends include 5G & Advanced Connectivity, and Advanced Aviation & Space. Themes include Telecom Infrastructure, Network Equipment, Show more. |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 10% |
| Key risksMPTI key risks include [1] high customer concentration, Show more. |
Qualitative Assessment
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M-Tron Industries (MPTI) stock has lost about 30% since 6/30/2026 because of the following key factors:
1. M-tron Industries reported a significant earnings miss for fiscal Q2 2026, announced on August 12, 2026. The company posted an Earnings Per Share (EPS) of $0.43, falling short of the consensus estimate of $0.53 by $0.10, a negative surprise of 18.87%. The stock price declined by 1.2% on the day following this earnings announcement.
2. The outlook for future earnings has deteriorated, with analysts revising down full-year expectations. Following the Q2 2026 results, the projected EPS for fiscal Q3 2026 is $0.51, indicating a 19.05% year-over-year decrease. Furthermore, the Zacks Consensus Estimates forecast annual earnings for fiscal year 2026 at $2.17 per share, representing a 17.18% decline compared to the previous year.
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M-Tron Industries (MPTI) stock has lost about 30% since 6/30/2026 because of the following key factors:
1. M-tron Industries reported a significant earnings miss for fiscal Q2 2026, announced on August 12, 2026. The company posted an Earnings Per Share (EPS) of $0.43, falling short of the consensus estimate of $0.53 by $0.10, a negative surprise of 18.87%. The stock price declined by 1.2% on the day following this earnings announcement.
2. The outlook for future earnings has deteriorated, with analysts revising down full-year expectations. Following the Q2 2026 results, the projected EPS for fiscal Q3 2026 is $0.51, indicating a 19.05% year-over-year decrease. Furthermore, the Zacks Consensus Estimates forecast annual earnings for fiscal year 2026 at $2.17 per share, representing a 17.18% decline compared to the previous year.
3. The stock's decline was exacerbated by a broader market shift towards defensive assets and underperformance within its sector. In July 2026, the overall U.S. market saw a shift towards "risk-off" factors, with value and yield stocks outperforming, while momentum and volatility lagged. M-tron Industries, an electronic components manufacturer primarily serving aerospace, defense, and industrial markets, saw its shares lose 8.83% over the month leading up to October 14, 2026. This performance significantly lagged the Construction sector, which had a loss of 3.55%, and the S&P 500, which gained 2.06% during the same period. Additionally, U.S. industrial production in July 2026 edged up only 0.2%, falling short of market expectations.
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Stock Movement Drivers
Fundamental Drivers
The -30.5% change in MPTI stock from 6/30/2026 to 10/27/2026 was primarily driven by a -24.3% change in the company's P/E Multiple.| (LTM values as of) | 6302026 | 10272026 | Change |
|---|---|---|---|
| Stock Price ($) | 99.15 | 68.95 | -30.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 56 | 58 | 3.2% |
| Net Income Margin (%) | 16.3% | 16.3% | 0.1% |
| P/E Multiple | 38.8 | 29.4 | -24.3% |
| Shares Outstanding (Mil) | 4 | 4 | -11.1% |
| Cumulative Contribution | -30.5% |
Market Drivers
6/30/2026 to 10/27/2026| Return | Correlation | |
|---|---|---|
| MPTI | -30.5% | |
| Market (SPY) | 3.1% | 37.0% |
| Sector (XLK) | -0.5% | 61.4% |
Fundamental Drivers
The 3.1% change in MPTI stock from 3/31/2026 to 10/27/2026 was primarily driven by a 22.4% change in the company's P/E Multiple.| (LTM values as of) | 3312026 | 10272026 | Change |
|---|---|---|---|
| Stock Price ($) | 66.85 | 68.95 | 3.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 54 | 58 | 6.9% |
| Net Income Margin (%) | 15.5% | 16.3% | 5.3% |
| P/E Multiple | 24.0 | 29.4 | 22.4% |
| Shares Outstanding (Mil) | 3 | 4 | -25.2% |
| Cumulative Contribution | 3.1% |
Market Drivers
3/31/2026 to 10/27/2026| Return | Correlation | |
|---|---|---|
| MPTI | 3.1% | |
| Market (SPY) | 18.7% | 40.0% |
| Sector (XLK) | 42.8% | 53.3% |
Fundamental Drivers
The 24.3% change in MPTI stock from 9/30/2025 to 10/27/2026 was primarily driven by a 41.0% change in the company's P/E Multiple.| (LTM values as of) | 9302025 | 10272026 | Change |
|---|---|---|---|
| Stock Price ($) | 55.48 | 68.95 | 24.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 52 | 58 | 11.8% |
| Net Income Margin (%) | 14.6% | 16.3% | 12.0% |
| P/E Multiple | 20.8 | 29.4 | 41.0% |
| Shares Outstanding (Mil) | 3 | 4 | -29.7% |
| Cumulative Contribution | 24.3% |
Market Drivers
9/30/2025 to 10/27/2026| Return | Correlation | |
|---|---|---|
| MPTI | 24.3% | |
| Market (SPY) | 16.5% | 37.4% |
| Sector (XLK) | 35.0% | 40.7% |
Fundamental Drivers
The 289.7% change in MPTI stock from 9/30/2023 to 10/27/2026 was primarily driven by a 137.2% change in the company's Net Income Margin (%).| (LTM values as of) | 9302023 | 10272026 | Change |
|---|---|---|---|
| Stock Price ($) | 17.70 | 68.95 | 289.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 37 | 58 | 59.0% |
| Net Income Margin (%) | 6.9% | 16.3% | 137.2% |
| P/E Multiple | 19.5 | 29.4 | 50.6% |
| Shares Outstanding (Mil) | 3 | 4 | -31.4% |
| Cumulative Contribution | 289.7% |
Market Drivers
9/30/2023 to 10/27/2026| Return | Correlation | |
|---|---|---|
| MPTI | 289.7% | |
| Market (SPY) | 86.2% | 32.9% |
| Sector (XLK) | 135.3% | 31.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MPTI Return | - | -33% | 308% | 36% | 10% | 27% | 416% |
| Peers Return | 7% | -25% | 38% | 17% | 40% | 32% | 144% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 11% | 103% |
Monthly Win Rates [3] | |||||||
| MPTI Win Rate | - | 0% | 83% | 50% | 58% | 50% | |
| Peers Win Rate | 52% | 32% | 65% | 57% | 53% | 54% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 40% | |
Max Drawdowns [4] | |||||||
| MPTI Max Drawdown | - | - | -30% | -45% | -41% | -35% | |
| Peers Max Drawdown | -26% | -43% | -23% | -28% | -40% | -31% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CTS, FEIM, MTSI, QRVO, SWKS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/27/2026 (YTD)
How Low Can It Go
| Event | MPTI | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -28.0% | -18.8% |
| % Gain to Breakeven | 38.9% | 23.1% |
| Time to Breakeven | 46 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -19.8% | -24.5% |
| % Gain to Breakeven | 24.8% | 32.4% |
| Time to Breakeven | 211 days | 427 days |
In The Past
M-Tron Industries's stock fell -28.0% during the 2025 US Tariff Shock. Such a loss loss requires a 38.9% gain to breakeven.
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Asset Allocation
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| Event | MPTI | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -28.0% | -18.8% |
| % Gain to Breakeven | 38.9% | 23.1% |
| Time to Breakeven | 46 days | 79 days |
In The Past
M-Tron Industries's stock fell -28.0% during the 2025 US Tariff Shock. Such a loss loss requires a 38.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About M-Tron Industries (MPTI)
M-Tron Industries, trading under the symbol MPTI, is a specialized company focused on the design and manufacture of frequency control products (FCPs). These essential electronic components are crucial for precise timing and frequency generation within a broad spectrum of electronic systems and devices, enabling their reliable and accurate operation across various applications.
The company's core product offerings primarily include high-performance quartz crystals, crystal oscillators, and filters. These sophisticated components provide stable and accurate frequency references, which are vital for the reliable operation of advanced electronic equipment, from signal processing to data synchronization.
MPTI serves a diverse array of global industries and markets. Its primary customers are found within critical sectors such as aerospace and defense, industrial automation, medical instrumentation, and telecommunications. The company's products are integral to the functionality of systems requiring high precision and reliability in these demanding and mission-critical fields.
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- Quartz Crystals: Fundamental electronic components used to provide precise frequency references for timing and synchronization.
- Crystal Oscillators: Electronic circuits that generate stable and accurate clock signals essential for the operation of most electronic devices.
- Crystal Filters: Devices utilized to select desired frequencies and reject unwanted ones in various signal processing and communication applications.
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Cameron Pforr, Chief Executive Officer and Chief Financial Officer
Cameron Pforr was appointed Chief Executive Officer of M-Tron Industries in November 2025, after serving as Interim CEO since February 2025. He has held the position of Chief Financial Officer since October 2024. Mr. Pforr previously served as President and CFO of IronNet, Inc. His prior experience includes leadership roles at Fidelis Cybersecurity, Inc. and WhipTail Technologies LLC, which was acquired by Cisco. He also held strategic positions at Jenzabar, Inc., Revolution Partners, and Deutsche Banc Alex. Brown, and worked in consulting at Bain & Co. Mr. Pforr earned a Master of Business Administration in Finance from the University of Pennsylvania's Wharton School of Business.
Linda Biles, Executive Vice President - Finance
Linda Biles serves as the Executive Vice President - Finance for M-Tron Industries.
William Drafts, President
William Drafts holds the title of President at M-Tron Industries.
Bel Lazar, Chairman of the Board
Bel Lazar has been the Non-Executive Chairman of the Board for MtronPTI since September 2023. He is also the Chief Operations Officer and a Board member at Efficient Power Conversion and the Chief Executive Officer of EPC Space LLC. Mr. Lazar previously served as President and CEO of API Technologies Corp., a formerly NASDAQ listed company. He contributes expertise in management, aerospace manufacturing operations, and mergers and acquisitions to the Board.
Marc J. Gabelli, Special Advisor to the Chairman of the Board
Marc J. Gabelli currently serves as Special Advisor to the Chairman of the Board for MtronPTI, having previously been Non-Executive Chairman of the Board from October 2022 to September 2023. He is also the Chairman and Co-Chief Executive Officer of The LGL Group, Inc., and Managing Partner at Horizon Research. His experience includes being the Chief Executive Officer of Gabelli Securities International Ltd. and President and Managing Partner of GGCP, Inc. Mr. Gabelli formerly served as Chairman and Chief Executive Officer of LGL Systems Acquisition Corp.
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The key risks to M-Tron Industries (MPTI) include customer concentration, its niche market focus and dependence on government programs, and its relatively small size and limited market reach.
- Customer Concentration: M-Tron Industries faces a significant risk due to its concentrated customer base, particularly within the defense sector. In 2022, the company's largest customer accounted for 25.7% of its revenue, while its top four customers collectively represented 53.8% of its revenue. These major customers often include large defense contractors such as Lockheed, Raytheon, and Northrop. The loss of even one of these key customers could substantially impact M-Tron's sales and financial performance, despite long-standing relationships and the customers' increasing reliance on M-Tron's specialized engineering capabilities.
- Niche Focus and Dependence on Government Programs: M-Tron Industries operates as a highly specialized supplier within the aerospace and defense markets. While this niche provides a competitive advantage, it also means the company's future growth and success are heavily dependent on securing a limited number of large-scale government contracts and specific defense and space programs. A failure to win design contracts for next-generation platforms could lead to stagnant long-term growth.
- Small Size and Limited Market Reach: Compared to larger competitors, M-Tron Industries is a relatively small company, with approximately $35 million in revenue as of a 2025 analysis. Its limited size and narrow product portfolio restrict its overall market reach, potentially hindering its ability to compete with larger industry players such as Amphenol Corporation, TE Connectivity Ltd., and Carlisle Companies Incorporated.
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M-Tron Industries (MPTI) operates within the frequency control and timing devices market, offering a range of products including various filters (radio frequency, microwave, millimeter wave, cavity, crystal, ceramic, lumped element, and switched) and oscillators (oven-controlled, temperature-compensated, voltage-controlled, low jitter, and harsh environment), as well as crystal resonators, integrated microwave assemblies, and solid-state power amplifiers. These products are crucial for controlling the frequency and timing of signals in electronic circuits, serving commercial and military aerospace, defense, space, avionics, and industrial sectors.
The global addressable market for frequency control and timing devices is projected to be approximately USD 6.41 billion in 2025 and is expected to grow to USD 6.84 billion in 2026. This market is forecast to reach USD 9.61 billion by 2031, exhibiting a compound annual growth rate (CAGR) of 7.04% from 2026 to 2031. Another estimate indicates the global market will grow from USD 6.41 billion in 2025 to USD 6.86 billion in 2026, reaching USD 9.63 billion by 2031 at a 7.01% CAGR. An additional projection places the global market at approximately $4.89 billion by 2025, with a CAGR of 10.3% through 2033.
Regionally, the United States market for frequency control and timing devices is anticipated to reach USD 1,405.81 million by 2035, with sales growing at a CAGR of 7.7% throughout the forecast period. The Asia Pacific region held a significant share of the frequency control and timing devices market in 2025, with one source reporting 35.74% and expecting the highest regional CAGR of 7.22% from 2026 to 2031. Another source states Asia Pacific's share as 45.78% in 2025.
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Here are 3-5 expected drivers of future revenue growth for M-Tron Industries (MPTI) over the next 2-3 years:
- Robust Demand in Aerospace and Defense Markets: M-Tron Industries anticipates continued revenue growth driven by strong demand in the aerospace and defense sectors, where it serves major U.S. and European defense primes. The company's products are critical in these markets, characterized by sticky design wins and long program life cycles.
- New Product Development and Innovation: A significant driver of future revenue is M-Tron Industries' ongoing investment in new product offerings and custom engineering solutions. Approximately 30% of the company's 2024 revenue stemmed from new products launched within the preceding three to four years, highlighting the success of this strategy.
- Growing Order Backlog: The company's substantial and expanding order backlog indicates future revenue. M-Tron Industries reported a backlog of $47.8 million at the end of 2023, which surged to $58.8 million by the third quarter of 2025, primarily due to robust demand and new program launches in defense.
- Expansion into High-Growth Markets: M-Tron Industries is strategically focusing on expanding its presence in high-growth markets like space and drones. This diversification is expected to contribute to future revenue growth and market share.
- Long-Term Customer Relationships: The company benefits from enduring customer relationships, with over 70 customers maintaining partnerships for more than a decade. The "sticky" nature of design wins in its core markets and long program life cycles provide a stable and growing foundation for sustained revenue.
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Share Issuance
- M-tron Industries distributed warrants on April 25, 2025, to common stockholders of record as of March 10, 2025. Each warrant allows the purchase of common stock at an exercise price of $47.50 per share, with five warrants required to purchase one share.
- As of January 5, 2026, the exercise of these warrants resulted in the issuance of 582,233 shares of common stock and generated approximately $27.7 million in gross proceeds for the company.
- A previously announced subscription rights offering was canceled on February 27, 2025, due to volatility in the common stock price.
Capital Expenditures
- M-tron Industries consistently invests in research and development (R&D), with approximately 30.4% of its total 2024 revenue generated from new products launched within the preceding four years.
- The company is focused on manufacturing expansion in the U.S. and India.
- Investments in R&D and domestic manufacturing are intended to boost market share, product offerings, and technology leadership within its served markets.
Peer Outperformance in Electronic Components
null| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Electronic Manufacturing Services | 10 | 31.6% | 137.9% | 237.0% | TTMI 538% · FLEX 521% · JBL 375% |
| Technology Distributors | 9 | 44.5% | 96.5% | 94.8% | AVT 187% · SNX 165% · CNXN 118% |
| Semiconductor Materials & Equipment | 28 | 54.0% | 81.5% | 78.3% | AXTI 579% · KLAC 374% · LRCX 358% |
| Communications Equipment | 36 | 4.9% | 83.3% | 74.5% | LITE 973% · AAOI 901% · ANET 643% |
| Electronic Components ← | 26 | 0.5% | 70.7% | 58.0% | CLS 2722% · BELFA 1262% · APH 332% |
| Technology Hardware, Storage & Peripherals | 21 | 18.1% | 109.1% | 29.4% | DELL 913% · SMCI 894% · WDC 823% |
| Semiconductors | 55 | 10.4% | 48.4% | 23.5% | MU 1294% · NVDA 795% · AVGO 615% |
| Internet Services & Infrastructure | 6 | 2.5% | 54.5% | 3.4% | GDDY 53% · VRSN 46% · DOCN 11% |
| Electronic Equipment & Instruments | 27 | -9.7% | 28.3% | -4.8% | PI 213% · OSIS 112% · KEYS 90% |
| IT Consulting & Other Services | 30 | -30.6% | -2.1% | -28.9% | CHRN 460163% · APLD 296% · ADEA 175% |
| Systems Software | 69 | -11.1% | 36.3% | -45.2% | ZETA 303% · CRWD 284% · FTNT 189% |
| Application Software | 126 | -19.4% | -2.8% | -46.0% | PLTR 693% · FROG 209% · AGYS 176% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| M-Tron Industries Earnings Notes | 12/16/2025 | |
| Is M-Tron Industries Stock Built to Withstand a Pullback? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 70.72 |
| Mkt Cap | 5.9 |
| Rev LTM | 864 |
| Op Inc LTM | 152 |
| FCF LTM | 112 |
| FCF 3Y Avg | 113 |
| CFO LTM | 190 |
| CFO 3Y Avg | 159 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.4% |
| Rev Chg 3Y Avg | 11.2% |
| Rev Chg Q | 10.4% |
| QoQ Delta Rev Chg LTM | 2.5% |
| Op Inc Chg LTM | 15.7% |
| Op Inc Chg 3Y Avg | 41.2% |
| Op Mgn LTM | 16.0% |
| Op Mgn 3Y Avg | 13.9% |
| QoQ Delta Op Mgn LTM | 1.2% |
| CFO/Rev LTM | 20.0% |
| CFO/Rev 3Y Avg | 20.0% |
| FCF/Rev LTM | 13.8% |
| FCF/Rev 3Y Avg | 15.9% |
Price Behavior
| Market Price | $68.95 | |
| Market Cap ($ Bil) | 0.3 | |
| First Trading Date | 10/03/2022 | |
| Distance from 52W High | -31.6% | |
| 50 Days | 200 Days | |
| DMA Price | $74.42 | $74.98 |
| DMA Trend | down | up |
| Distance from DMA | -7.4% | -8.0% |
| 3M | 1YR | |
| Volatility | 37.9% | 53.0% |
| Downside Capture | 160.09 | 133.34 |
| Upside Capture | 28.58 | 136.22 |
| Correlation (S&P 500) | 40.2% | 36.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.01 | 0.92 | 1.35 | 1.43 | 1.49 | 1.55 |
| Up Beta | 1.86 | 2.38 | 3.11 | 2.30 | 1.64 | 1.47 |
| Down Beta | 1.26 | 2.14 | 1.02 | 0.81 | 1.57 | 1.57 |
| Up Capture | -23% | 14% | 27% | 130% | 194% | 747% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 11 | 18 | 27 | 64 | 127 | 395 |
| Down Capture | -49% | 71% | 167% | 129% | 117% | 109% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 11 | 24 | 37 | 62 | 123 | 351 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MPTI | |
|---|---|---|---|---|
| MPTI | 26.2% | 53.0% | 0.61 | - |
| Sector ETF (XLK) | 29.7% | 26.7% | 0.94 | 40.9% |
| Equity (SPY) | 14.6% | 12.7% | 0.79 | 37.4% |
| Gold (GLD) | -1.4% | 28.5% | -0.06 | 16.8% |
| Commodities (DBC) | 47.3% | 20.6% | 1.76 | -13.9% |
| Real Estate (VNQ) | 3.8% | 13.9% | 0.02 | 1.5% |
| Bitcoin (BTCUSD) | -27.9% | 43.4% | -0.63 | 12.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MPTI | |
|---|---|---|---|---|
| MPTI | 29.9% | 67.7% | 0.76 | - |
| Sector ETF (XLK) | 19.9% | 26.0% | 0.68 | 28.5% |
| Equity (SPY) | 12.8% | 17.1% | 0.56 | 28.8% |
| Gold (GLD) | 17.6% | 18.9% | 0.75 | 6.1% |
| Commodities (DBC) | 9.2% | 19.5% | 0.35 | 5.0% |
| Real Estate (VNQ) | 1.0% | 18.9% | -0.06 | 14.5% |
| Bitcoin (BTCUSD) | 4.5% | 51.6% | 0.27 | 13.9% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MPTI | |
|---|---|---|---|---|
| MPTI | 14.0% | 67.7% | 0.76 | - |
| Sector ETF (XLK) | 24.4% | 25.1% | 0.88 | 28.5% |
| Equity (SPY) | 15.5% | 17.9% | 0.73 | 28.8% |
| Gold (GLD) | 12.0% | 16.4% | 0.60 | 6.1% |
| Commodities (DBC) | 8.2% | 18.1% | 0.37 | 5.0% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.21 | 14.5% |
| Bitcoin (BTCUSD) | 62.2% | 66.2% | 1.02 | 13.9% |
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Returns Analyses
Earnings Returns History
Updated 9/15/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/12/2026 | -1.2% | -1.5% | -7.0% |
| 5/8/2026 | -5.7% | -2.2% | 14.6% |
| 11/12/2025 | -4.6% | -13.9% | -0.1% |
| 8/12/2025 | -10.6% | -11.4% | 3.2% |
| 5/13/2025 | -17.8% | -21.3% | -22.9% |
| 3/27/2025 | 3.6% | 2.1% | 39.3% |
| 11/13/2024 | 11.3% | 7.8% | 12.4% |
| 8/14/2024 | 11.1% | 15.7% | 6.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 5 | 5 | 7 |
| # Negative | 6 | 6 | 4 |
| Median Positive | 11.3% | 15.7% | 14.6% |
| Median Negative | -5.1% | -7.1% | -5.4% |
| Max Positive | 27.9% | 25.7% | 81.3% |
| Max Negative | -17.8% | -21.3% | -22.9% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/12/2026 | -1.2% | -1.5% | -7.0% |
| 5/8/2026 | -5.7% | -2.2% | 14.6% |
| 11/12/2025 | -4.6% | -13.9% | -0.1% |
| 8/12/2025 | -10.6% | -11.4% | 3.2% |
| 5/13/2025 | -17.8% | -21.3% | -22.9% |
| 3/27/2025 | 3.6% | 2.1% | 39.3% |
| 11/13/2024 | 11.3% | 7.8% | 12.4% |
| 8/14/2024 | 11.1% | 15.7% | 6.6% |
| 5/7/2024 | -0.2% | -2.7% | 20.2% |
| 11/9/2023 | 12.5% | 23.0% | -3.7% |
| 8/10/2023 | 27.9% | 25.7% | 81.3% |
| SUMMARY STATS | |||
| # Positive | 5 | 5 | 7 |
| # Negative | 6 | 6 | 4 |
| Median Positive | 11.3% | 15.7% | 14.6% |
| Median Negative | -5.1% | -7.1% | -5.4% |
| Max Positive | 27.9% | 25.7% | 81.3% |
| Max Negative | -17.8% | -21.3% | -22.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/12/2026 | 10-Q |
| 03/31/2026 | 05/13/2026 | 10-Q |
| 12/31/2025 | 03/26/2026 | 10-K |
| 09/30/2025 | 11/12/2025 | 10-Q |
| 06/30/2025 | 08/12/2025 | 10-Q |
| 03/31/2025 | 05/13/2025 | 10-Q |
| 12/31/2024 | 03/27/2025 | 10-K |
| 09/30/2024 | 11/13/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/14/2024 | 10-Q |
| 12/31/2023 | 03/25/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/10/2023 | 10-Q |
| 03/31/2023 | 05/11/2023 | 10-Q |
| 12/31/2022 | 03/30/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/12/2026 | 10-Q |
| 03/31/2026 | 05/13/2026 | 10-Q |
| 12/31/2025 | 03/26/2026 | 10-K |
| 09/30/2025 | 11/12/2025 | 10-Q |
| 06/30/2025 | 08/12/2025 | 10-Q |
| 03/31/2025 | 05/13/2025 | 10-Q |
| 12/31/2024 | 03/27/2025 | 10-K |
| 09/30/2024 | 11/13/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/14/2024 | 10-Q |
| 12/31/2023 | 03/25/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/10/2023 | 10-Q |
| 03/31/2023 | 05/11/2023 | 10-Q |
| 12/31/2022 | 03/30/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/19/2022 | 10-12B/A |
| 03/31/2022 | 08/03/2022 | 10-12B/A |
Insider Activity
Updated 8/19/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Biles, Linda M | Executive VP - Finance | Direct | Sell | 8192026 | 85.05 | 1,218 | 103,591 | 2,442,891 | Form |
| 2 | Drafts, William Arnold | President | Direct | Sell | 5062026 | 66.78 | 361 | 24,108 | 922,632 | Form |
| 3 | Pforr, Cameron | CEO and CFO | Direct | Sell | 5062026 | 66.78 | 840 | 56,095 | 1,790,105 | Form |
| 4 | Biles, Linda M | Executive VP - Finance | Direct | Sell | 5062026 | 66.78 | 306 | 20,435 | 1,894,949 | Form |
| 5 | Biles, Linda M | Executive VP - Finance | Direct | Sell | 4152026 | 0.00 | 720 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Biles, Linda M | Executive VP - Finance | Direct | Sell | 8192026 | 85.05 | 1,218 | 103,591 | 2,442,891 | Form |
| 2 | Drafts, William Arnold | President | Direct | Sell | 5062026 | 66.78 | 361 | 24,108 | 922,632 | Form |
| 3 | Pforr, Cameron | CEO and CFO | Direct | Sell | 5062026 | 66.78 | 840 | 56,095 | 1,790,105 | Form |
| 4 | Biles, Linda M | Executive VP - Finance | Direct | Sell | 5062026 | 66.78 | 306 | 20,435 | 1,894,949 | Form |
| 5 | Biles, Linda M | Executive VP - Finance | Direct | Sell | 4152026 | 0.00 | 720 | Form |
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Electronic Components Resources |
| Electronic Products |
| DigiKey Insights |
| Mouser Insights |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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