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Minerals Technologies

MTX NYSE Specialty Chemicals Financials FY2016–FY2025

Minerals Technologies' revenue fell 2.2% to $2.1 billion in fiscal 2025. Its operating margin was 2.3%, down from 13.5% a year earlier. Free cash flow was $87 million, down 41.0%. It paid out $73 million in dividends and buybacks, 84% of free cash flow. The diluted share count fell 2.8%.

Last close · Oct 23, 2026

$62.90

1.8%
Value it Compare
Revenue Total sales reported in the income statement.
$2.1B
2.2% vs prior year
Operating margin Operating income as a share of revenue.
2.3%
11.2 pts
Net income Profit after all expenses, interest and tax.
−$18.4M
111.0%
Free cash flow Cash from operations minus capital spending.
$86.6M
41.0%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
1.6%
7.2 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$2.0B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
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What Minerals Technologies does

No business description yet.

Legal name
MINERALS TECHNOLOGIES INC.
Fiscal year ends
December 31, 2025
Latest annual report
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Accession · CIK
0000891014-26-000067
0000891014

Revenue and margins

Minerals Technologies had $2.1B of revenue in fiscal 2025, down 2.2% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $86.6M in fiscal 2025, 4.2% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Minerals Technologies returned $72.7M to shareholders in fiscal 2025, 84% of free cash flow. The diluted share count fell 2.8%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Minerals Technologies yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

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Adds net cash of −$629M and divides by 31.4M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Balance sheet

Cash, debt and the ratios that show how comfortably Minerals Technologies can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $304M$253M$322M$337M$333M
Debt incl. finance leases $1.0B$1.1B$1.0B$971M$962M
Debt / equity 0.7x0.7x0.6x0.6x0.6x
Interest coverage 6.3x4.9x2.9x——
Current ratio 2.5x2.1x2.4x2.8x2.1x
Quick ratio 1.7x1.4x1.7x2.0x1.5x
Total assets $3.4B$3.4B$3.3B$3.4B$3.5B
Total liabilities $1.8B$1.8B$1.7B$1.6B$1.7B
Shareholders' equity $1.5B$1.6B$1.7B$1.7B$1.7B
Net debt (− = net cash) $713M$810M$693M$634M$629M

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$4.1M

4 insiders

Of sales under plans

0%

$0.0M

DateInsiderTradeSharesPriceValueFiling
May 14, 2026 Douglas T DietrichChairman and CEO, Director Sold 21,568 $81.53 $1.8M Form 4
May 11, 2026 Timothy JordanVice President Sold 6,000 $80.27 $0.5M Form 4
Dec 29, 2025 Dj Monagle IIIGroup President Sold 23,093 $61.90 $1.4M Form 4
Nov 21, 2025 Brett ArgirakisGroup President Sold 6,501 $58.68 $0.4M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✕
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✕ ✓ ✕
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✓ ✓ ✓
Current ratio rose ✓ ✓ ✕
Share count didn't rise ✓ ✓ ✓
Gross margin rose ✓ ✓ ✕
Revenue rose relative to assets ✓ ✕ ✕
F-score 8 / 98 / 94 / 9
Accruals ratio −4.4%−2.1%−6.2%
Altman Z'' 4.975.564.63

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Minerals Technologies MTX $2.0B −2.2% 2.3% 4.2% 1.6% — 4
Quaker Chemical KWR $2.7B 2.7% 2.8% 4.3% 1.3% 27.8x 5 Compare →
Stepan SCL $1.5B 7.0% 3.4% 1.1% 3.6% — 6 Compare →
Innospec IOSP $2.4B −3.7% 7.3% 5.0% 11.1% 20.1x 6 Compare →
Element Solutions ESI $8.1B 3.8% 13.4% 8.9% 6.5% 39.1x 7 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $1.6B $1.7B $1.8B $1.8B $1.6B $1.9B $2.1B $2.2B $2.1B $2.1B
Gross profit $460M $467M $461M $441M $405M $447M $465M $507M $548M $518M
Research and development $23.8M $23.7M $22.7M $20.3M $19.9M $19.5M $20.4M $21.2M $23.0M $22.9M
Operating income $224M $244M $256M $209M $188M $236M $215M $172M $287M $47.4M
Interest expense $54.4M $43.4M $45.9M $43.2M $38.2M $37.2M $43.9M $59.2M — —
Pretax income $170M $191M $204M $157M $138M $202M $157M $108M $224M −$14.0M
Income tax $35.3M −$6.6M $34.4M $22.8M $24.4M $36.6M $32.1M $23.7M $59.4M $4.9M
Net income $133M $195M $169M $133M $112M $164M $122M $84.1M $167M −$18.4M
Diluted EPS $3.79 $5.48 $4.75 $3.78 $3.29 $4.86 $3.73 $2.58 $5.17 −$0.59
Diluted shares 0.04B 0.04B 0.04B 0.04B 0.03B 0.03B 0.03B 0.03B 0.03B 0.03B
Cash flow
Cash from operations $225M $208M $204M $238M $241M $232M $106M $234M $236M $194M
Capital expenditure $62.4M $76.7M $75.9M $65.0M $66.8M $86.0M $82.3M $93.5M $89.5M $107M
Free cash flow $163M $131M $128M $173M $174M $146M $23.4M $140M $147M $86.6M
Depreciation and amortization $91.9M $91.0M $94.3M $98.4M — — — — — —
Stock-based compensation $6.3M $8.1M $6.2M $8.1M $10.2M $10.7M $10.4M $11.3M $11.8M $11.9M
Acquisitions $0.0M $0.0M $123M $0.0M $9.2M $194M $22.4M $1.8M $4.0M $0.0M
Share buybacks $2.6M $0.7M $21.7M $41.0M $40.7M $74.7M $56.0M $14.2M $63.6M $58.5M
Dividends paid $7.0M $7.0M $7.1M $7.0M $6.8M $6.8M $6.5M $8.1M $13.2M $14.2M
Dividends and buybacks $9.6M $7.7M $28.8M $48.0M $47.5M $81.5M $62.5M $22.3M $76.8M $72.7M
Balance sheet
Cash and short-term investments $191M $215M $213M $243M $372M $304M $253M $322M $337M $333M
Total debt $1.1B $970M $1.0B $928M $934M $1.0B $1.1B $1.0B $971M $962M
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $751M $852M $876M $919M $1.0B $1.0B $1.1B $1.1B $1.1B $1.2B
Current liabilities $296M $310M $382M $399M $296M $420M $503M $457M $398M $555M
Inventory $187M $219M $239M $253M $248M $298M $349M $325M $342M $350M
Property and equipment, net $1.1B $1.1B $1.1B $1.1B $1.0B $1.0B $1.1B $987M $990M $1.0B
Total assets $2.9B $3.0B $3.1B $3.1B $3.2B $3.4B $3.4B $3.3B $3.4B $3.5B
Total liabilities $1.8B $1.7B $1.7B $1.7B $1.7B $1.8B $1.8B $1.7B $1.6B $1.7B
Shareholders' equity $1.0B $1.3B $1.4B $1.4B $1.5B $1.5B $1.6B $1.7B $1.7B $1.7B
Margins
Gross margin 28.1% 27.9% 25.5% 24.6% 25.4% 24.0% 21.9% 23.4% 25.9% 25.0%
Operating margin 13.7% 14.6% 14.2% 11.7% 11.8% 12.7% 10.1% 7.9% 13.5% 2.3%
EBITDA margin 19.3% 20.0% 19.4% 17.2% — — — — — —
Net margin 8.1% 11.6% 9.4% 7.4% 7.1% 8.9% 5.8% 3.9% 7.9% −0.9%
FCF margin 9.9% 7.8% 7.1% 9.7% 10.9% 7.9% 1.1% 6.5% 6.9% 4.2%
Returns
Return on capital 9.1% 12.4% 10.1% 8.3% 7.4% 8.9% 7.3% 5.6% 8.8% 1.6%
Return on capital employed 8.6% 9.4% 9.5% 7.7% 6.7% 8.0% 7.3% 5.9% 9.7% 1.6%
Return on equity 13.9% 17.3% 13.0% 9.6% 7.9% 11.0% 7.8% 5.2% 9.8% −1.1%
Return on assets 4.6% 6.7% 5.6% 4.3% 3.6% 5.0% 3.6% 2.5% 5.0% −0.5%
Growth
Revenue growth −8.9% 2.3% 7.9% −0.9% −11.0% 16.5% 14.4% 2.1% −2.4% −2.2%
Net income growth 23.6% 46.3% −13.4% −21.5% −15.3% 46.3% −25.7% −31.2% 98.7% −111.0%
EPS growth 23.1% 44.6% −13.3% −20.4% −13.0% 47.7% −23.3% −30.8% 100.4% −111.4%
FCF growth −11.6% −19.6% −2.4% 35.7% 0.3% −15.8% −84.0% 498.7% 4.9% −41.1%
Share count change 0.6% 1.1% 0.0% −1.4% −2.6% −1.2% −3.0% −0.6% −0.9% −2.8%
Financial health
Net debt / EBITDA 2.8x 2.3x 2.3x 2.2x — — — — — —
Debt / equity 1.1x 0.8x 0.8x 0.7x 0.6x 0.7x 0.7x 0.6x 0.6x 0.6x
Interest coverage 4.1x 5.6x 5.6x 4.8x 4.9x 6.3x 4.9x 2.9x — —
Current ratio 2.5x 2.8x 2.3x 2.3x 3.5x 2.5x 2.1x 2.4x 2.8x 2.1x
Quick ratio 1.9x 2.0x 1.7x 1.7x 2.7x 1.7x 1.4x 1.7x 2.0x 1.5x
Capital allocation
Capex / revenue 3.8% 4.6% 4.2% 3.6% 4.2% 4.6% 3.9% 4.3% 4.2% 5.2%
Stock comp / revenue 0.4% 0.5% 0.3% 0.5% 0.6% 0.6% 0.5% 0.5% 0.6% 0.6%
Payouts / FCF 5.9% 5.9% 22.6% 27.7% 27.3% 55.7% 267.1% 15.9% 52.3% 84.0%
Quality scores
Piotroski F-score 7.0 7.0 5.0 6.0 7.0 6.0 4.0 8.0 8.0 4.0
Altman Z'' 3.8 4.3 4.3 4.4 4.9 4.7 4.7 5.0 5.6 4.6
Accruals ratio −3.1% −0.4% −1.1% −3.4% −4.1% −2.1% 0.5% −4.4% −2.1% −6.2%

Source: SEC EDGAR XBRL filings (CIK 0000891014). Data updated October 21, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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