Minerals Technologies (MTX)
Market Price (12/27/2025): $62.145 | Market Cap: $1.9 BilSector: Materials | Industry: Specialty Chemicals
Minerals Technologies (MTX)
Market Price (12/27/2025): $62.145Market Cap: $1.9 BilSector: MaterialsIndustry: Specialty Chemicals
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Low stock price volatilityVol 12M is 33% | Weak multi-year price returns2Y Excs Rtn is -54%, 3Y Excs Rtn is -76% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 31x |
| Megatrend and thematic driversMegatrends include Advanced Materials, and Sustainable Resource Management. Themes include Specialty Chemicals for Performance, Water Treatment Solutions, Show more. | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.5%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.4% | |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.5% | ||
| Key risksMTX key risks include [1] significant financial overhang and legal exposure from ongoing talc litigation and [2] the secular decline in demand for graphic paper, Show more. |
| Low stock price volatilityVol 12M is 33% |
| Megatrend and thematic driversMegatrends include Advanced Materials, and Sustainable Resource Management. Themes include Specialty Chemicals for Performance, Water Treatment Solutions, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -54%, 3Y Excs Rtn is -76% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 31x |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.5%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.4% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.5% |
| Key risksMTX key risks include [1] significant financial overhang and legal exposure from ongoing talc litigation and [2] the secular decline in demand for graphic paper, Show more. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
Here are the key points highlighting why Minerals Technologies (MTX) stock moved by -4.8% during the approximate time period from August 31, 2025, to December 27, 2025:
<b>1. Mixed Q3 2025 Financial Performance and Market Headwinds.</b> While Minerals Technologies reported a record third-quarter earnings per share (EPS) of $1.55 excluding special items, its reported operating income was down 1% sequentially and year-over-year. Management indicated that top-line growth was hampered by softness in the residential and commercial construction, heavy truck, and agricultural equipment markets, alongside weaker demand in Europe.
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<b>2. Decline in Specialty Additives Sales.</b> Within its Consumer & Specialties segment, sales in the Specialty Additives product line decreased by 2% sequentially. This decline was primarily attributed to softer conditions in residential construction.
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<b>3. Persistent Structural Risks and Unprofitability Concerns.</b> Analysts highlighted ongoing structural risks, including declining demand in the North American and European paper markets, as well as unresolved talc litigation, which were identified as factors that could undermine growth and earnings stability. Additionally, the company was noted as being unprofitable, with losses deepening annually over the preceding five years, though it projected a return to profitability within three years.
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<b>4. Negative Analyst Sentiment and Downgrades.</b> The consensus rating from Wall Street analysts for MTX was "Reduce," with two out of three analysts issuing a sell rating. The company also experienced an analyst downgrade within the 90 days leading up to late December 2025.
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<b>5. Bearish Technical Indicators and Short-Term Forecasts.</b> Technical analysis in December 2025 indicated a "sell signal from a pivot top point" and the 10-day RSI Indicator moving out of overbought territory, suggesting potential for further price declines. Forecasts also predicted a further drop in share value by January 22, 2026, and the stock held a "sell signal from the short-term Moving Average" by late December 2025.
Show moreStock Movement Drivers
Fundamental Drivers
The 0.1% change in MTX stock from 9/26/2025 to 12/26/2025 was primarily driven by a 0.9% change in the company's Shares Outstanding (Mil).| 9262025 | 12262025 | Change | |
|---|---|---|---|
| Stock Price ($) | 62.05 | 62.14 | 0.14% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 2063.50 | 2071.20 | 0.37% |
| P/S Multiple | 0.95 | 0.94 | -1.18% |
| Shares Outstanding (Mil) | 31.60 | 31.30 | 0.95% |
| Cumulative Contribution | 0.13% |
Market Drivers
9/26/2025 to 12/26/2025| Return | Correlation | |
|---|---|---|
| MTX | 0.1% | |
| Market (SPY) | 4.3% | 26.3% |
| Sector (XLB) | 3.8% | 57.0% |
Fundamental Drivers
The 12.4% change in MTX stock from 6/27/2025 to 12/26/2025 was primarily driven by a 10.5% change in the company's P/S Multiple.| 6272025 | 12262025 | Change | |
|---|---|---|---|
| Stock Price ($) | 55.29 | 62.14 | 12.39% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 2075.80 | 2071.20 | -0.22% |
| P/S Multiple | 0.85 | 0.94 | 10.52% |
| Shares Outstanding (Mil) | 31.90 | 31.30 | 1.88% |
| Cumulative Contribution | 12.35% |
Market Drivers
6/27/2025 to 12/26/2025| Return | Correlation | |
|---|---|---|
| MTX | 12.4% | |
| Market (SPY) | 12.6% | 28.2% |
| Sector (XLB) | 5.4% | 66.9% |
Fundamental Drivers
The -19.1% change in MTX stock from 12/26/2024 to 12/26/2025 was primarily driven by a -19.1% change in the company's P/S Multiple.| 12262024 | 12262025 | Change | |
|---|---|---|---|
| Stock Price ($) | 76.82 | 62.14 | -19.11% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 2124.90 | 2071.20 | -2.53% |
| P/S Multiple | 1.16 | 0.94 | -19.08% |
| Shares Outstanding (Mil) | 32.10 | 31.30 | 2.49% |
| Cumulative Contribution | -19.16% |
Market Drivers
12/26/2024 to 12/26/2025| Return | Correlation | |
|---|---|---|
| MTX | -19.1% | |
| Market (SPY) | 15.8% | 51.5% |
| Sector (XLB) | 9.6% | 70.4% |
Fundamental Drivers
The 4.7% change in MTX stock from 12/27/2022 to 12/26/2025 was primarily driven by a 3.7% change in the company's Shares Outstanding (Mil).| 12272022 | 12262025 | Change | |
|---|---|---|---|
| Stock Price ($) | 59.33 | 62.14 | 4.73% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 2094.90 | 2071.20 | -1.13% |
| P/S Multiple | 0.92 | 0.94 | 2.02% |
| Shares Outstanding (Mil) | 32.50 | 31.30 | 3.69% |
| Cumulative Contribution | 4.59% |
Market Drivers
12/27/2023 to 12/26/2025| Return | Correlation | |
|---|---|---|
| MTX | -11.6% | |
| Market (SPY) | 48.0% | 52.1% |
| Sector (XLB) | 10.5% | 65.3% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MTX Return | 8% | 18% | -17% | 18% | 7% | -18% | 10% |
| Peers Return | 16% | 38% | -12% | 21% | 26% | 16% | 150% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 18% | 114% |
Monthly Win Rates [3] | |||||||
| MTX Win Rate | 58% | 58% | 50% | 42% | 42% | 50% | |
| Peers Win Rate | 52% | 65% | 42% | 68% | 57% | 52% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| MTX Max Drawdown | -50% | -1% | -32% | -20% | -9% | -33% | |
| Peers Max Drawdown | -34% | -5% | -26% | -7% | -9% | -23% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL. See MTX Returns vs. Peers.
[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] 2025 data is for the year up to 12/26/2025 (YTD)
How Low Can It Go
| Event | MTX | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -44.6% | -25.4% |
| % Gain to Breakeven | 80.5% | 34.1% |
| Time to Breakeven | 277 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -50.9% | -33.9% |
| % Gain to Breakeven | 103.8% | 51.3% |
| Time to Breakeven | 236 days | 148 days |
| 2018 Correction | ||
| % Loss | -45.6% | -19.8% |
| % Gain to Breakeven | 83.8% | 24.7% |
| Time to Breakeven | 626 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -63.0% | -56.8% |
| % Gain to Breakeven | 170.6% | 131.3% |
| Time to Breakeven | 1,287 days | 1,480 days |
Compare to HPQ, HPE, IBM, CSCO, AAPL
In The Past
Minerals Technologies's stock fell -44.6% during the 2022 Inflation Shock from a high on 6/1/2021. A -44.6% loss requires a 80.5% gain to breakeven.
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AI Analysis | Feedback
Here are 1-2 brief analogies for Minerals Technologies (MTX):1. Think of them as the Corning (known for Gorilla Glass) of industrial minerals, providing critical engineered ingredients for a wide range of manufactured products.
2. They are like the 3M of specialty industrial minerals, supplying innovative mineral-based solutions across diverse sectors globally.
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- Precipitated Calcium Carbonate (PCC): A synthetic mineral used to enhance the whiteness, brightness, and opacity of paper, and as a filler and extender in plastics, paints, and coatings.
- Processed Minerals: A range of minerals including talc, bentonite, and ground calcium carbonate, used in various industries like automotive, ceramics, and construction.
- Refractory Materials: High-temperature resistant materials, such as monolithics and pre-cast shapes, essential for the global steel industry and other high-temperature processes.
- Metal Casting Products: Specialized materials and solutions for foundries to improve casting quality and performance.
AI Analysis | Feedback
Minerals Technologies (symbol: MTX) primarily sells its products and services to other companies (Business-to-Business or B2B) across a wide range of industrial sectors globally.
According to the company's annual reports (e.g., Form 10-K), no single customer accounted for 10% or more of its consolidated net sales in recent fiscal years. This indicates a highly diversified customer base rather than reliance on a few individually named major customers. Therefore, it is not possible to list specific major customer companies by name and symbol based on publicly available information.
Instead, MTX's major customers are best identified by the industries they serve, which collectively form its significant customer base. These include:
- Paper Industry: Manufacturers of paper, paperboard, and packaging products, utilizing MTX's precipitated calcium carbonate (PCC) and specialty minerals for improved brightness, opacity, and other functional properties.
- Steel Industry: Steel manufacturers and other non-ferrous metal producers, relying on MTX's refractory products, systems, and metal treatment chemicals for high-temperature applications in furnaces and ladles.
- Polymer and Plastics Industry: Manufacturers of plastics, films, and composite materials, using MTX's specialty minerals (such as talc and wollastonite) as functional additives, fillers, and reinforcing agents to enhance product performance.
- Foundry Industry: Foundries producing metal castings, utilizing MTX's bentonite and other performance materials for sand binding and mold integrity.
- Construction and Environmental Industries: Companies involved in construction, civil engineering, and various environmental applications (e.g., waste treatment, water purification), using MTX's specialty minerals and performance materials.
- Food and Pharmaceutical Industries: Manufacturers in these sectors, using high-purity specialty minerals as ingredients, processing aids, or excipients.
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Douglas T. Dietrich, Chairman of the Board and Chief Executive Officer
Douglas T. Dietrich has served as the Chief Executive Officer of Minerals Technologies since December 2016 and was elected Chairman of the Board in March 2021. He has over 35 years of experience in industrial goods, mining, metals, and manufacturing. Mr. Dietrich joined MTI in 2007 and has held various key management positions, including Chief Financial Officer, Senior Vice President - Finance and Treasury, and Vice President - Corporate Development and Treasury, where he led corporate strategy and M&A initiatives. Prior to his tenure at MTI, Mr. Dietrich held several positions of increasing leadership responsibility at Alcoa Inc., including Vice President, Alcoa Wheel Products; President, Alcoa Latin America Extrusions; and General Manager, Global Rod and Bar Products. Earlier in his career, he worked for Eaton Corporation and Westinghouse Electric Corporation in various engineering and operations management roles.
Erik C. Aldag, Senior Vice President, Finance and Treasury, and Chief Financial Officer
Erik C. Aldag has been the Senior Vice President, Finance and Treasury, and Chief Financial Officer of Minerals Technologies since November 2022. He joined MTI in 2017 as Director, Financial Planning & Analysis and assumed additional responsibility for Investor Relations in 2020. Mr. Aldag has a wide-ranging background in corporate finance, investor relations, financial planning & analysis, business unit finance, corporate accounting, internal audit, global shared services, and plant controllership. He has led finance teams in the U.S. and internationally for companies serving both consumer and industrial markets, including serving as Finance Director of The Chia Co., a global consumer packaged foods supplier, and holding various positions at Alcoa Inc.
Jonathan J. Hastings, Senior Vice President, Strategy and M&A
Jonathan J. Hastings is the Senior Vice President of Strategy and M&A at Minerals Technologies. He joined MTI in 2011 as Vice President, Corporate Development, where he was responsible for corporate development and the Pyrogenics business unit. In June 2018, Mr. Hastings was appointed Group President, Performance Materials. Before joining MTI, he was an executive with The Dow Chemical Company, serving as Senior Director of Strategy and New Business Development—Coatings. From 2003 to 2008, he held positions of increasing responsibility at Rohm and Haas, including Vice President & General Manager—Packaging and Building Materials—Europe. Earlier in his career, Mr. Hastings worked as a strategy consultant for Marakon Associates and held various positions at E.I. DuPont de Nemours Inc.
Michael A. Cipolla, Vice President, Corporate Controller, and Chief Accounting Officer
Michael A. Cipolla has been the Chief Accounting Officer, Vice President, and Corporate Controller of Minerals Technologies since July 2003. Prior to that, he served as Corporate Controller and Chief Accounting Officer since 1998 and Assistant Corporate Controller from 1992 to 1998.
Timothy J. Jordan, Vice President, General Counsel, Secretary, and Chief Compliance Officer
Timothy J. Jordan has been the Vice President, General Counsel, Secretary, and Chief Compliance Officer of Minerals Technologies since 2023. He previously held various leadership roles at the company related to legal aspects.
AI Analysis | Feedback
The key risks to Minerals Technologies (MTX) are:- Talc Litigation: Minerals Technologies faces significant financial overhang and lingering legal exposure due to ongoing talc litigation. In the first quarter of 2025, the company recorded a substantial $215 million provision to establish a reserve for current and future talc-related claims.
- End-Market Cyclicality and Demand Fluctuations: The company's business is significantly tied to volatile end-markets such as paper, steel, and foundry, which experience fluctuations aligned with industrial cycles. There is also a risk from the secular decline in demand for graphic paper, which impacts sales of Precipitated Calcium Carbonate (PCC). Lower volumes in these end-markets can directly reduce sales of PCC and refractory products.
- Raw Material and Energy Cost Volatility: Minerals Technologies is exposed to swings in the costs of key raw materials like bentonite, soda ash, natural gas, refractory-grade magnesia, and alumina silicates, as well as energy prices. These fluctuations can materially impact input costs and gross margins. Geopolitical events and supply-chain disruptions can exacerbate these cost pressures, potentially compressing margins and delaying revenue.
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Minerals Technologies (MTX) operates in several addressable markets for its main products and services. The market sizes for their key offerings vary, with some estimates presenting a range depending on the source and projection year.
Precipitated Calcium Carbonate (PCC) and Ground Calcium Carbonate (GCC)
- The global precipitated calcium carbonate market was valued at approximately USD 11.81 billion in 2024 and is projected to grow to USD 17.31 billion by 2032.
- Another estimate for the global precipitated calcium carbonate market size was USD 1.98 billion in 2022, anticipated to reach USD 2.06 billion in 2023.
- Another source estimates the global Precipitated Calcium Carbonate Market to be worth around USD 5.3 billion in 2024, growing to USD 8.3 billion by 2034.
- When combining both ground and precipitated calcium carbonate, the global market is valued at USD 26.9 billion in 2025 and is projected to reach USD 46.8 billion by 2035.
Refractory Materials
- The global refractories market size was valued at USD 39.51 billion in 2024 and is expected to reach USD 57.93 billion by 2032.
- Other estimates for the global refractories market size include USD 27.60 billion in 2024, projected to reach USD 38.75 billion by 2033.
- Another report states the global refractories market was valued at USD 34.3 billion in 2024 and is projected to reach USD 42.4 billion by 2029.
- The global refractories market size also saw figures of USD 27.64 billion in 2023, growing to USD 28.83 billion in 2024, and is expected to reach USD 33.29 billion in 2028.
High Purity Iron
- The global high purity pig iron market size was estimated at USD 1.34 billion in 2024 and is projected to reach USD 3.30 billion by 2033.
- The global high purity iron market was valued at USD 81.97 million in 2024 and is projected to reach USD 145.95 million by 2033.
- Another source indicates the global high purity iron market size was approximately USD 2.5 billion in 2023 and is projected to reach around USD 4.3 billion by 2032.
- Another estimate for the global High Purity Iron Market size is USD 0.09 billion in 2025, growing to USD 0.15 billion by 2034.
Specialty Minerals and Bentonite-based solutions
Minerals Technologies also offers bentonite-based solutions for various applications such as metalcasting, waterproofing systems, geosynthetic clay liners, cat litter, edible oil purification, and personal care products. While "Specialty Minerals" is a segment for MTX, a specific global addressable market size for bentonite-based solutions or for the broader "Specialty Minerals" category (excluding PCC/GCC) as an aggregated figure was not explicitly identified for these particular offerings in the search results.
However, the global Specialty Metals and Minerals market (a broader category that could encompass some of these) reached US$ 7.9 billion in 2023 and is expected to reach US$ 12.2 billion by 2031. Another, much larger, estimate for the specialty metals and minerals market is approximately $500 billion in 2025, projected to reach around $800 billion by 2033.
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Minerals Technologies (MTX) is poised for future revenue growth over the next 2-3 years, driven by strategic investments, expansion in high-growth markets, and a focus on specialized product offerings. Key drivers include:
- Capacity Expansions and Strategic Investments in High-Growth Areas: Minerals Technologies is making significant investments in new capacity and plant expansions across various segments, which are expected to generate approximately $100 million in incremental revenue over the next 12 to 18 months. These investments are targeted at supporting demand in areas such as sustainable aviation fuel, animal health, fabric care, and pet care, with new facilities and upgrades in locations like Dyersburg, Tennessee; Branford, Ontario; and Chaoyang City, China.
- Growth in Household & Personal Care (HPC), particularly Pet Care: The company anticipates continued revenue growth from its Household & Personal Care segment, especially within the pet care market. Minerals Technologies is strengthening its position as a leading private label cat litter supplier globally, with new contracts secured to commence in 2026. Other consumer specialties, such as higher-tech fabric care solutions for dry laundry detergent, are also contributing to this growth.
- Expansion in Renewable Fuels and Edible Oil Purification: A significant driver is the company's focus on the rapidly expanding market for edible oil and renewable fuel purification, which includes biodiesel, renewable diesel, and sustainable aviation fuel (SAF). The global natural oil purification market is substantial, with the renewable fuels portion being the fastest-growing segment, particularly SAF, which is being bolstered by supportive regulatory changes in the U.S. and Europe. Minerals Technologies' Rafinol product line is specifically highlighted for its high-performing absorptive properties crucial for demanding applications like SAF.
- Increased Demand in Asia and Environmental & Infrastructure Services: The company has observed strong demand across Asia, with foundry volumes showing significant year-over-year increases. Additionally, its environmental and infrastructure product line is experiencing increased demand for offshore services and infrastructure drilling products, further contributing to revenue growth.
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Share Repurchases
- Minerals Technologies' Board of Directors authorized a new $200 million share repurchase program in October 2024.
- As of the third quarter of 2025, the company had repurchased $50 million of shares under the $200 million program authorized in October 2024.
- In the full year 2024, the company repurchased $64 million of shares. Earlier, in October 2021, a new one-year $75 million share repurchase program was authorized, following the completion of a prior $75 million program.
Share Issuance
- Information on the dollar amount of shares issued by Minerals Technologies over the last 3-5 years is not available in the provided search results.
Inbound Investments
- No large, strategic inbound investments made in Minerals Technologies by third-parties were identified in the provided information.
Outbound Investments
- In October 2025, Minerals Technologies announced an investment at its plant in Uşak City, Turkey, to support the growth of its Rafinol™ line of products for the natural oil purification market, including renewable fuels and edible oils.
- In September 2025, the company announced significant investments in three plants located in Dyersburg, Tennessee (United States), Brantford, Ontario (Canada), and Chaoyang City, Liaoning Province (China), to expand capacity and upgrade operations for its SIVO™ pet care business, specifically for cat litter production.
- Management anticipates these current investments, particularly in pet care and renewable fuels, to generate $100 million in incremental revenue over the next 12 to 18 months.
Capital Expenditures
- Minerals Technologies' capital expenditures were $27 million in the third quarter of 2025. The company remains on pace for approximately $100 million in capital investments for the full year 2025.
- For the full year 2024, capital expenditures amounted to $89 million.
- The primary focus of these capital expenditures is on strategic growth initiatives, including expanding capacity and upgrading operations for cat litter, and supporting the natural oil purification market, especially for renewable fuels.
Latest Trefis Analyses
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|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to MTX. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | DD | DuPont de Nemours | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 7.6% | 7.6% | -0.2% |
| 11212025 | CF | CF Industries | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -1.4% | -1.4% | -3.1% |
| 11212025 | HL | Hecla Mining | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 51.0% | 51.0% | 0.0% |
| 11072025 | CDE | Coeur Mining | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 30.6% | 30.6% | -5.7% |
| 10312025 | ATR | AptarGroup | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 6.2% | 6.2% | -2.5% |
Research & Analysis
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Peer Comparisons for Minerals Technologies
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 70.15 |
| Mkt Cap | 158.8 |
| Rev LTM | 56,496 |
| Op Inc LTM | 7,584 |
| FCF LTM | 7,327 |
| FCF 3Y Avg | 7,366 |
| CFO LTM | 8,590 |
| CFO 3Y Avg | 8,697 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.2% |
| Rev Chg 3Y Avg | 2.2% |
| Rev Chg Q | 8.3% |
| QoQ Delta Rev Chg LTM | 2.0% |
| Op Mgn LTM | 15.9% |
| Op Mgn 3Y Avg | 15.0% |
| QoQ Delta Op Mgn LTM | -0.0% |
| CFO/Rev LTM | 15.1% |
| CFO/Rev 3Y Avg | 17.1% |
| FCF/Rev LTM | 11.6% |
| FCF/Rev 3Y Avg | 12.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 158.8 |
| P/S | 2.7 |
| P/EBIT | 23.8 |
| P/E | 33.0 |
| P/CFO | 16.2 |
| Total Yield | 3.9% |
| Dividend Yield | 2.1% |
| FCF Yield 3Y Avg | 5.9% |
| D/E | 0.4 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 1.7% |
| 3M Rtn | 4.9% |
| 6M Rtn | 13.8% |
| 12M Rtn | 10.1% |
| 3Y Rtn | 73.6% |
| 1M Excs Rtn | -1.1% |
| 3M Excs Rtn | 0.6% |
| 6M Excs Rtn | 1.5% |
| 12M Excs Rtn | -4.6% |
| 3Y Excs Rtn | -6.2% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Consumer & Specialties | 1,160 | 1,125 | |||
| Engineered Solutions | 1,010 | 1,001 | |||
| Performance Materials | 976 | 826 | 823 | ||
| Refractories | 303 | 258 | 298 | ||
| Specialty Minerals | 579 | 511 | 574 | ||
| Energy Services | 95 | ||||
| Total | 2,170 | 2,126 | 1,858 | 1,595 | 1,791 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Engineered Solutions | 148 | 147 | |||
| Consumer & Specialties | 42 | 79 | |||
| Provision for litigation reserve and credit losses | 0 | ||||
| Acquisition-related expenses | -0 | -5 | -4 | -3 | |
| Litigation expenses | -2 | -2 | -10 | ||
| Restructuring and other items | -3 | 0 | |||
| Unallocated corporate expenses | -12 | -5 | -8 | -11 | -19 |
| Performance Materials | 125 | 109 | 97 | ||
| Refractories | 49 | 36 | 40 | ||
| Specialty Minerals | 73 | 68 | 83 | ||
| Energy Services | 8 | ||||
| Total | 172 | 215 | 236 | 188 | 209 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Engineered Solutions | 2,028 | 2,188 | |||
| Consumer & Specialties | 1,245 | 1,108 | |||
| Corporate | 73 | 107 | 82 | 140 | 82 |
| Performance Materials | 2,393 | 2,219 | 2,091 | ||
| Refractories | 293 | 291 | 293 | ||
| Specialty Minerals | 606 | 560 | 525 | ||
| Energy Services | 122 | ||||
| Total | 3,347 | 3,402 | 3,374 | 3,209 | 3,113 |
Price Behavior
| Market Price | $62.14 | |
| Market Cap ($ Bil) | 1.9 | |
| First Trading Date | 10/26/1992 | |
| Distance from 52W High | -19.4% | |
| 50 Days | 200 Days | |
| DMA Price | $58.76 | $59.14 |
| DMA Trend | down | down |
| Distance from DMA | 5.8% | 5.1% |
| 3M | 1YR | |
| Volatility | 25.5% | 33.5% |
| Downside Capture | 52.01 | 104.50 |
| Upside Capture | 42.00 | 68.30 |
| Correlation (SPY) | 27.3% | 51.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.48 | 0.53 | 0.56 | 0.97 | 0.90 | 1.02 |
| Up Beta | 0.41 | 0.39 | 0.67 | 0.83 | 0.89 | 1.00 |
| Down Beta | -0.07 | 0.86 | 0.73 | 0.81 | 0.89 | 0.94 |
| Up Capture | 105% | 15% | 6% | 87% | 53% | 85% |
| Bmk +ve Days | 13 | 26 | 39 | 74 | 142 | 427 |
| Stock +ve Days | 12 | 22 | 31 | 65 | 119 | 379 |
| Down Capture | 31% | 63% | 78% | 122% | 107% | 104% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 8 | 20 | 32 | 61 | 130 | 369 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of MTX With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| MTX | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -17.2% | 9.9% | 17.8% | 72.1% | 8.6% | 4.4% | -8.3% |
| Annualized Volatility | 33.3% | 19.9% | 19.4% | 19.3% | 15.2% | 17.0% | 35.0% |
| Sharpe Ratio | -0.53 | 0.36 | 0.72 | 2.70 | 0.34 | 0.09 | -0.08 |
| Correlation With Other Assets | 70.4% | 51.6% | 1.9% | 13.5% | 53.0% | 26.8% | |
ETFs used for asset classes: Sector ETF = XLB, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Comparison of MTX With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| MTX | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 0.3% | 7.2% | 14.7% | 18.7% | 11.5% | 4.6% | 30.8% |
| Annualized Volatility | 30.7% | 18.9% | 17.1% | 15.5% | 18.7% | 18.9% | 48.7% |
| Sharpe Ratio | 0.06 | 0.29 | 0.70 | 0.97 | 0.50 | 0.16 | 0.57 |
| Correlation With Other Assets | 69.9% | 56.1% | 12.1% | 18.6% | 50.2% | 24.2% | |
ETFs used for asset classes: Sector ETF = XLB, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of MTX With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| MTX | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 3.1% | 10.1% | 14.8% | 15.3% | 7.0% | 5.3% | 69.2% |
| Annualized Volatility | 34.8% | 20.7% | 18.0% | 14.7% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.19 | 0.44 | 0.71 | 0.86 | 0.32 | 0.22 | 0.90 |
| Correlation With Other Assets | 73.2% | 63.7% | 2.9% | 27.8% | 53.3% | 16.1% | |
ETFs used for asset classes: Sector ETF = XLB, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/23/2025 | -2.9% | -10.0% | -4.2% |
| 7/24/2025 | 10.6% | -1.8% | 8.0% |
| 4/17/2025 | -1.3% | -6.6% | 3.7% |
| 2/6/2025 | -3.1% | -3.0% | -12.4% |
| 10/24/2024 | -1.9% | -3.3% | 7.1% |
| 7/25/2024 | -8.8% | -13.5% | -12.8% |
| 4/25/2024 | 3.5% | 5.7% | 19.8% |
| 2/1/2024 | 2.8% | 4.7% | 10.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 14 | 16 |
| # Negative | 14 | 11 | 9 |
| Median Positive | 3.5% | 4.6% | 8.3% |
| Median Negative | -1.9% | -4.6% | -9.7% |
| Max Positive | 10.6% | 11.5% | 21.1% |
| Max Negative | -13.1% | -16.1% | -18.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 10242025 | 10-Q 9/28/2025 |
| 6302025 | 7252025 | 10-Q 6/29/2025 |
| 3312025 | 4252025 | 10-Q 3/30/2025 |
| 12312024 | 2212025 | 10-K 12/31/2024 |
| 9302024 | 10252024 | 10-Q 9/29/2024 |
| 6302024 | 7262024 | 10-Q 6/30/2024 |
| 3312024 | 4262024 | 10-Q 3/31/2024 |
| 12312023 | 2162024 | 10-K 12/31/2023 |
| 9302023 | 10272023 | 10-Q 10/1/2023 |
| 6302023 | 7282023 | 10-Q 7/2/2023 |
| 3312023 | 4282023 | 10-Q 4/2/2023 |
| 12312022 | 2172023 | 10-K 12/31/2022 |
| 9302022 | 10282022 | 10-Q 10/2/2022 |
| 6302022 | 7292022 | 10-Q 7/3/2022 |
| 3312022 | 4292022 | 10-Q 4/3/2022 |
| 12312021 | 2182022 | 10-K 12/31/2021 |
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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