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MTX

Minerals Technologies Inc.

MTX

Minerals Technologies Inc. • NYSE
$58.65 ▼ -1.00% (-0.59)
Market Cap $1.83 B
52w High $84.05
52w Low $49.54
Dividend Yield 0.48%
P/E -733.12
Volume 86.06K
Outstanding Shares 31.13M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $532.4M ▲ $58.6M ▲ $43M ▼ 8.077% ▼ $1.37 ▼ $97.8M ▼
Q2-2025 $528.9M ▲ $57.9M ▲ $45.4M ▲ 8.584% ▲ $1.44 ▲ $98.6M ▲
Q1-2025 $491.8M ▼ $56.4M ▼ $-144M ▼ -29.28% ▼ $-4.51 ▼ $-134.7M ▼
Q4-2024 $518.1M ▼ $58.5M ▲ $54M ▲ 10.423% ▲ $1.69 ▲ $108.1M ▲
Q3-2024 $524.7M $56M $46.7M 8.9% $1.45 $100.2M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $328.3M ▲ $3.459B ▲ $1.749B ▼ $1.675B ▲
Q2-2025 $319.9M ▲ $3.455B ▲ $1.767B ▲ $1.654B ▲
Q1-2025 $312.2M ▼ $3.401B ▲ $1.766B ▲ $1.598B ▼
Q4-2024 $337.1M ▲ $3.394B ▼ $1.611B ▼ $1.747B ▲
Q3-2024 $324.5M $3.394B $1.649B $1.706B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $43M ▼ $70.9M ▲ $-37.6M ▼ $-26.2M ▲ $5.8M ▼ $43.6M ▲
Q2-2025 $45.4M ▲ $62.9M ▲ $-35.9M ▼ $-29.8M ▼ $7.2M ▲ $33.8M ▲
Q1-2025 $-144M ▼ $-4.4M ▼ $-21.8M ▼ $-3.9M ▲ $-26.5M ▼ $-22.7M ▼
Q4-2024 $54M ▲ $70.4M ▲ $-16.9M ▲ $-20.8M ▲ $16M ▲ $42.3M ▲
Q3-2024 $46.7M $60M $-31.8M $-34.8M $6.5M $35.3M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Engineered Solutions Member
Engineered Solutions Member
 $0 ▲$0 ▲$0 ▲$260.00M ▲
Household and Personal Care
Household and Personal Care
 $130.00M ▲$120.00M ▼$130.00M ▲$0 ▼
Specialty Additives
Specialty Additives
 $140.00M ▲$150.00M ▲$150.00M ▲$0 ▼

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown meaningfully over the last five years, with a strong climb coming out of 2020 and then leveling off more recently. The latest year shows slightly softer sales than the prior year, but still well above earlier periods. Profitability has improved more clearly than revenue. Gross and operating margins have strengthened steadily, suggesting better pricing, mix, and cost discipline. Earnings dipped in the middle of the period, likely reflecting inflation, integration, or market headwinds, but they rebounded sharply in the most recent year to their highest level in this five‑year window. Overall, the income statement tells a story of a company that has grown from a smaller base, absorbed some mid‑cycle pressures, and now appears to be converting sales into profit more efficiently than before.

Balance Sheet

Balance Sheet The balance sheet looks generally solid and gradually strengthening. Total assets have edged up over time, indicating steady reinvestment and a stable operating base. Debt rose somewhat in the middle of the period but has been nudged back down more recently, while equity has increased each year. This pattern points to a moderate and improving leverage profile, with the company slowly tilting toward a stronger equity cushion. Cash balances dipped a few years ago and have since been rebuilt, which supports day‑to‑day flexibility and resilience against short‑term shocks. Overall, the balance sheet suggests a measured approach to borrowing and a growing underlying capital base.

Cash Flow

Cash Flow Cash generation from operations has been consistently healthy, with only one softer year in the middle of the period. Outside of that dip, operating cash flow has been stable and aligned with reported profitability. Capital spending has been relatively steady each year, indicating ongoing investment in plants, technology, and capacity rather than aggressive expansion or deep cutbacks. After funding these investments, the company has typically produced solid free cash flow, with one year of very slim surplus. Taken together, the cash flow profile suggests a business that regularly converts earnings into cash, funds its own growth, and usually has cash left over for balance‑sheet strengthening or shareholder returns.

Competitive Edge

Competitive Edge Minerals Technologies operates in niche, higher‑value segments of the specialty minerals and chemicals space, rather than in undifferentiated commodities. Its mine‑to‑market control gives it cost and quality advantages, plus more dependable supply for customers. A key competitive strength is the on‑site PCC plant model at customer paper mills, which tightly integrates MTX into customers’ operations. This arrangement lowers logistics costs for customers and makes it difficult for rivals to displace MTX once installed, creating long‑duration, sticky relationships. The company also benefits from deep technical know‑how across multiple end markets—paper, steel, foundry, consumer goods, and environmental applications. This application expertise, combined with global reach and localized service, forms a meaningful barrier to entry and helps support pricing power in many of its product lines.

Innovation and R&D

Innovation and R&D Innovation is central to MTX’s strategy. The company leverages advanced crystal engineering, functional additives, engineered blends, and surface modification technologies to create performance‑enhancing materials rather than simple bulk minerals. Its R&D focus has shifted increasingly toward sustainability and consumer‑oriented products—such as advanced cat litter, personal care ingredients, edible oil and renewable fuel purification media, and water treatment solutions including PFAS remediation. These offerings align with long‑term themes like decarbonization, waste reduction, and stricter environmental standards. The company is also leaning into data analytics and even AI in mining operations to improve efficiency, lower costs, and enhance safety. Overall, MTX’s innovation engine appears active, diversified across end markets, and oriented toward areas with structural growth potential rather than purely cyclical demand.

Summary

Minerals Technologies shows the profile of a mature industrial technology company that has steadily improved its profitability and balance sheet while keeping a strong emphasis on innovation. The income statement reflects solid top‑line growth from earlier years, followed by stabilization and a notable recovery in margins and earnings. The balance sheet and cash flows indicate disciplined use of debt, consistent reinvestment, and reliable cash generation. Strategically, MTX appears well‑entrenched with key customers through its mine‑to‑market model and on‑site PCC plants, while broadening into higher‑growth and more sustainable applications. The main opportunities lie in renewable fuels, environmental solutions, and consumer products, though the company still operates in cyclical industrial markets that can introduce periodic volatility in results. Overall, the data and qualitative context point to a business with a defensible niche, improving financial quality, and a clear focus on technology‑driven, sustainability‑linked growth, albeit with the usual risks tied to economic cycles and industrial demand.

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