Minerals Technologies (MTX) Financials

$56.65 -0.37 (-0.64%)

As of 10:21 AM Eastern

Annual Income Statements for Minerals Technologies

This table shows Minerals Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	92	108	133	195	169	133	112	164	122	84	167
Consolidated Net Income / (Loss)	96	112	137	199	173	136	116	169	126	88	171
Net Income / (Loss) Continuing Operations	93	112	137	199	173	136	116	169	126	88	171
Total Pre-Tax Income	123	133	170	191	204	157	138	202	157	108	224
Total Operating Income	169	200	224	244	256	209	188	236	215	172	287
Total Gross Profit	435	471	460	467	461	441	405	447	465	507	548
Total Revenue	1,725	1,798	1,638	1,676	1,808	1,791	1,595	1,858	2,126	2,170	2,119
Operating Revenue	1,725	1,798	1,638	1,676	1,808	1,791	1,595	1,858	2,126	2,170	2,119
Total Cost of Revenue	1,290	1,327	1,178	1,209	1,346	1,350	1,189	1,412	1,661	1,663	1,601
Operating Cost of Revenue	1,290	1,327	1,178	1,209	1,346	1,350	1,189	1,412	1,661	1,663	1,571
Other Cost of Revenue	-	-	-	-	-	-	-	-	0.00	0.00	30
Total Operating Expenses	267	271	237	223	206	232	218	211	250	335	231
Selling, General & Admin Expense	182	190	176	181	179	188	177	186	192	206	209
Research & Development Expense	24	24	24	24	23	20	20	20	20	21	23
Impairment Charge	-	-	-	-	-	-	-	0.00	0.00	72	0.00
Restructuring Charge	62	57	36	18	4.20	13	11	5.10	5.10	7.20	0.00
Other Special Charges / (Income)	-2.30	-	-	0.00	0.00	11	10	0.00	33	29	-1.00
Total Other Income / (Expense), net	-46	-68	-54	-54	-52	-51	-50	-33	-58	-64	-63
Interest Expense	48	65	54	43	46	43	38	37	6.90	0.00	1.80
Interest & Investment Income	-	-	-	-	-	-	-	-	-44	-59	-56
Other Income / (Expense), net	1.80	-2.30	0.80	-10	-5.90	-8.20	-12	3.80	-7.30	-4.90	-4.70
Income Tax Expense	31	23	35	-6.60	34	23	24	37	32	24	59
Other Gains / (Losses), net	1.20	1.80	2.10	1.50	3.50	1.90	2.20	2.80	1.70	4.30	6.70
Net Income / (Loss) Attributable to Noncontrolling Interest	3.10	3.70	3.70	3.90	4.20	3.70	3.40	4.10	4.10	4.20	3.80
Basic Earnings per Share	$2.68	$3.11	$3.82	$5.54	$4.79	$3.79	$3.29	$4.89	$3.74	$2.59	$5.21
Weighted Average Basic Shares Outstanding	34.50M	34.70M	34.90M	35.20M	35.30M	35M	34.20M	33.60M	32.70M	32.50M	32.10M
Diluted Earnings per Share	$2.65	$3.08	$3.79	$5.48	$4.75	$3.78	$3.29	$4.86	$3.73	$2.58	$5.17
Weighted Average Diluted Shares Outstanding	34.80M	35M	35.20M	35.60M	35.60M	35.10M	34.20M	33.80M	32.80M	32.60M	32.30M
Weighted Average Basic & Diluted Shares Outstanding	34.50M	34.70M	34.90M	35.20M	35.30M	35M	33.85M	33.14M	32.54M	32.36M	31.90M
Cash Dividends to Common per Share	$0.20	$0.20	$0.20	$0.20	$0.20	$0.20	$0.20	$0.20	$0.20	$0.25	$0.41

This table shows Minerals Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	13	20	37	27	-19	40	47	20	47	54
Consolidated Net Income / (Loss)	15	21	38	28	-18	41	48	21	48	55
Net Income / (Loss) Continuing Operations	15	21	38	28	-18	41	48	21	48	55
Total Pre-Tax Income	17	27	48	34	-23	49	60	35	60	69
Total Operating Income	36	44	63	50	-7.90	67	75	51	77	84
Total Gross Profit	118	98	121	128	133	125	136	114	135	163
Total Revenue	542	508	546	552	548	525	535	541	525	518
Operating Revenue	542	508	546	552	548	525	535	541	525	518
Total Cost of Revenue	424	410	425	424	415	399	399	427	390	385
Operating Cost of Revenue	424	410	425	424	415	399	399	397	390	385
Total Operating Expenses	83	54	58	78	141	59	61	63	59	49
Selling, General & Admin Expense	46	49	52	52	51	51	53	53	50	53
Research & Development Expense	5.10	5.20	5.30	5.60	5.20	5.10	5.60	5.80	5.90	5.70
Other Special Charges / (Income)	31	-	0.00	14	13	2.40	2.10	4.20	2.60	-9.90
Total Other Income / (Expense), net	-19	-16	-15	-16	-15	-18	-15	-16	-17	-15
Other Income / (Expense), net	-0.60	-3.60	-1.10	-1.40	0.60	-3.00	-0.20	-1.10	-3.10	-0.30
Income Tax Expense	3.20	6.30	11	7.50	-3.50	9.20	14	16	14	16
Other Gains / (Losses), net	0.70	0.30	0.90	1.10	1.00	1.30	1.40	1.90	1.90	1.50
Net Income / (Loss) Attributable to Noncontrolling Interest	1.20	1.50	1.10	1.00	1.10	1.00	0.90	1.20	1.00	0.70
Basic Earnings per Share	$0.41	$0.63	$1.14	$0.82	($0.59)	$1.22	$1.45	$0.61	$1.45	$1.70
Weighted Average Basic Shares Outstanding	32.50M	32.70M	32.50M	32.50M	32.50M	32.50M	32.30M	32.20M	32.10M	32.10M
Diluted Earnings per Share	$0.41	$0.63	$1.14	$0.82	($0.59)	$1.21	$1.44	$0.61	$1.45	$1.67
Weighted Average Diluted Shares Outstanding	32.60M	32.80M	32.50M	32.60M	32.50M	32.60M	32.40M	32.40M	32.30M	32.30M
Weighted Average Basic & Diluted Shares Outstanding	32.45M	32.54M	32.54M	32.54M	32.54M	32.36M	32.25M	32.17M	31.89M	31.90M
Cash Dividends to Common per Share	$0.05	$0.05	$0.05	$0.05	$0.05	$0.10	$0.10	$0.10	$0.10	$0.11

This table details how cash moves in and out of Minerals Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-241	-20	-41	24	-3.40	33	126	-68	-52	70	16
Net Cash From Operating Activities	311	270	225	208	204	238	241	232	106	234	236
Net Cash From Continuing Operating Activities	314	270	225	208	204	238	241	232	106	234	236
Net Income / (Loss) Continuing Operations	93	112	137	199	173	136	116	169	126	88	171
Consolidated Net Income / (Loss)	96	112	137	199	173	136	116	169	126	88	171
Depreciation Expense	84	98	92	91	94	98	94	95	94	95	95
Amortization Expense	5.10	9.90	7.90	7.40	13	9.20	13	13	8.40	2.30	1.10
Non-Cash Adjustments To Reconcile Net Income	44	48	30	19	9.40	35	30	22	32	105	41
Changes in Operating Assets and Liabilities, net	88	2.30	-42	-109	-87	-40	-12	-66	-156	-57	-72
Net Cash From Investing Activities	-1,863	-85	-62	-78	-200	-62	-79	-279	-102	-92	-95
Net Cash From Continuing Investing Activities	-1,863	-85	-62	-78	-200	-62	-79	-279	-102	-92	-95
Purchase of Property, Plant & Equipment	-82	-86	-62	-77	-76	-65	-67	-86	-82	-94	-90
Acquisitions	-1,802	-	0.00	0.00	-123	0.00	-9.20	-194	-22	-1.80	-4.00
Purchase of Investments	-6.30	-4.70	-6.70	-4.50	-7.70	-5.50	-8.70	-9.40	-6.60	-18	-8.60
Sale of Property, Plant & Equipment	9.40	5.00	1.40	1.40	0.90	0.00	0.70	0.70	1.00	0.20	12
Sale and/or Maturity of Investments	19	1.10	8.00	3.80	6.10	7.70	5.30	8.30	6.70	20	8.00
Other Investing Activities, net	-0.70	0.00	-1.90	-1.50	-0.90	0.80	0.00	2.20	2.00	1.30	-13
Net Cash From Financing Activities	1,325	-184	-195	-118	4.20	-143	-43	5.60	-34	-72	-110
Net Cash From Continuing Financing Activities	1,325	-184	-195	-118	4.20	-143	-43	5.60	-34	-72	-110
Repayment of Debt	-213	-192	-193	-119	-82	-92	-398	-22	-556	-49	-621
Repurchase of Common Equity	0.00	0.00	-2.60	-0.70	-22	-41	-41	-75	-56	-14	-64
Payment of Dividends	-12	-8.10	-12	-9.40	-8.90	-11	-7.50	-8.60	-14	-11	-14
Issuance of Debt	1,546	13	7.20	0.00	113	0.00	400	101	589	0.00	575
Other Financing Activities, net	4.10	3.00	5.80	11	-0.10	0.50	1.20	10	2.40	2.30	13
Effect of Exchange Rate Changes	-13	-22	-9.60	12	-11	-0.20	7.20	-28	-22	-0.20	-16

This table details how cash moves in and out of Minerals Technologies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-11	23	2.50	-2.60	21	49	-1.50	-5.10	6.50	16
Net Cash From Operating Activities	30	42	34	46	59	95	56	50	60	70
Net Cash From Continuing Operating Activities	30	42	34	46	59	95	56	50	60	70
Net Income / (Loss) Continuing Operations	15	21	38	28	-18	41	48	21	48	55
Consolidated Net Income / (Loss)	15	21	38	28	-18	41	48	21	48	55
Depreciation Expense	23	23	24	24	24	24	24	24	23	24
Non-Cash Adjustments To Reconcile Net Income	15	-0.80	7.60	9.50	64	23	11	36	-5.30	-0.40
Changes in Operating Assets and Liabilities, net	-23	-9.80	-36	-15	-11	5.50	-26	-31	-5.50	-9.30
Net Cash From Investing Activities	-19	-26	-25	-25	-27	-16	-17	-29	-32	-17
Net Cash From Continuing Investing Activities	-19	-26	-25	-25	-27	-16	-17	-29	-32	-17
Purchase of Property, Plant & Equipment	-19	-23	-24	-22	-25	-23	-17	-20	-25	-28
Purchase of Investments	-0.80	-3.80	-2.00	-7.10	-2.90	-5.90	-1.30	-3.90	-2.50	-0.90
Sale of Property, Plant & Equipment	0.70	-	-	-	-	-	-	-	-	12
Sale and/or Maturity of Investments	0.60	0.60	1.60	5.40	1.50	12	1.10	2.00	1.10	3.80
Other Investing Activities, net	-	0.40	0.10	0.20	-	1.00	0.10	-3.10	-5.70	-4.00
Net Cash From Financing Activities	-7.40	-3.70	-9.20	-17	-4.10	-42	-32	-23	-35	-21
Net Cash From Continuing Financing Activities	-7.40	-3.70	-9.20	-17	-4.10	-42	-32	-23	-35	-21
Repayment of Debt	-551	-3.70	-5.00	-15	-1.50	-28	-13	-10	-9.10	-588
Repurchase of Common Equity	-15	-	0.00	-	-	-14	-15	-20	-23	-6.20
Payment of Dividends	-1.60	-3.00	-1.60	-1.70	-2.60	-4.60	-3.20	-3.70	-3.80	-3.50
Other Financing Activities, net	2.40	2.20	-2.60	-	-	4.90	-0.50	11	0.90	1.80
Effect of Exchange Rate Changes	-15	10	2.70	-6.70	-7.20	11	-8.80	-3.20	13	-17

This table presents Minerals Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	3,158	2,980	2,863	2,970	3,087	3,113	3,209	3,374	3,402	3,347	3,394
Total Current Assets	904	804	751	852	876	919	1,034	1,029	1,071	1,099	1,131
Cash & Equivalents	250	229	189	212	209	242	368	300	247	317	333
Short-Term Investments	0.80	2.60	2.00	2.70	3.80	1.60	4.10	4.90	5.60	4.30	4.00
Accounts Receivable	413	349	341	383	387	376	369	368	404	399	385
Inventories, net	212	195	187	219	239	253	248	298	349	325	342
Prepaid Expenses	26	25	28	30	32	35	35	41	43	45	61
Other Current Assets	3.10	3.10	4.40	4.90	5.20	11	9.20	17	22	8.00	5.50
Plant, Property, & Equipment, net	1,182	1,104	1,052	1,061	1,103	1,053	1,040	1,049	1,050	987	990
Total Noncurrent Assets	1,072	1,072	1,061	1,057	1,108	1,141	1,136	1,297	1,281	1,261	1,273
Goodwill	771	781	779	779	812	807	809	908	915	914	914
Intangible Assets	212	213	204	197	214	203	196	252	242	231	218
Noncurrent Deferred & Refundable Income Taxes	34	31	27	26	26	23	25	23	24	16	15
Other Noncurrent Operating Assets	55	48	50	56	55	107	107	115	100	100	127
Total Liabilities & Shareholders' Equity	3,158	2,980	2,863	2,970	3,087	3,113	3,209	3,374	3,402	3,347	3,394
Total Liabilities	2,269	2,042	1,833	1,691	1,702	1,678	1,711	1,795	1,788	1,660	1,611
Total Current Liabilities	352	319	296	310	382	399	296	420	503	457	398
Short-Term Debt	5.90	9.60	13	10	109	103	1.00	81	134	103	12
Accounts Payable	170	152	145	179	169	163	148	196	194	189	186
Current Deferred & Payable Income Tax Liabilities	27	17	22	8.40	1.60	4.20	8.70	0.00	9.50	14	27
Current Employee Benefit Liabilities	74	65	61	55	48	51	60	58	55	59	68
Other Current Liabilities	74	75	55	57	55	77	78	85	110	92	106
Total Noncurrent Liabilities	1,917	1,724	1,537	1,381	1,320	1,280	1,415	1,375	1,286	1,203	1,213
Long-Term Debt	1,429	1,255	1,070	960	908	824	933	936	928	911	960
Noncurrent Deferred & Payable Income Tax Liabilities	273	252	239	159	197	181	164	188	180	139	131
Noncurrent Employee Benefit Liabilities	147	142	147	155	124	149	179	114	64	52	21
Other Noncurrent Operating Liabilities	68	75	81	107	91	126	139	136	114	101	102
Total Equity & Noncontrolling Interests	889	938	1,031	1,279	1,385	1,435	1,499	1,580	1,613	1,687	1,783
Total Preferred & Common Equity	863	911	1,007	1,252	1,354	1,403	1,461	1,539	1,580	1,652	1,747
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	863	911	1,007	1,252	1,354	1,403	1,461	1,539	1,580	1,652	1,747
Common Stock	378	392	405	428	437	447	458	479	493	506	529
Retained Earnings	1,192	1,293	1,419	1,607	1,769	1,906	2,011	2,169	2,285	2,361	2,515
Treasury Stock	-594	-594	-596	-597	-619	-660	-700	-775	-	-	-909
Accumulated Other Comprehensive Income / (Loss)	-113	-181	-221	-186	-234	-290	-308	-334	-367	-369	-387
Noncontrolling Interest	26	27	24	27	32	32	38	40	34	35	36

This table presents Minerals Technologies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	3,387	3,451	3,408	3,345	3,339	3,346	3,394
Total Current Assets	1,074	1,115	1,080	1,094	1,101	1,114	1,141
Cash & Equivalents	224	250	247	268	316	311	317
Short-Term Investments	2.30	6.20	8.30	9.80	4.40	5.80	7.40
Accounts Receivable	431	421	420	418	396	405	413
Inventories, net	345	370	355	338	326	333	342
Prepaid Expenses	72	68	50	60	59	59	62
Plant, Property, & Equipment, net	1,038	1,058	1,051	978	977	974	994
Plant, Property & Equipment, gross	2,252	2,293	2,294	2,147	2,185	2,192	2,251
Accumulated Depreciation	1,213	1,236	1,243	1,169	1,208	1,219	1,257
Total Noncurrent Assets	1,276	1,278	1,278	1,273	1,261	1,258	1,260
Goodwill	912	915	914	914	913	913	914
Intangible Assets	244	239	236	232	228	225	222
Noncurrent Deferred & Refundable Income Taxes	22	25	25	24	15	17	18
Other Noncurrent Operating Assets	98	99	103	103	105	104	105
Total Liabilities & Shareholders' Equity	3,387	3,451	3,408	3,345	3,339	3,346	3,394
Total Liabilities	1,852	1,793	1,747	1,722	1,643	1,649	1,649
Total Current Liabilities	494	513	472	474	442	454	464
Short-Term Debt	119	133	122	124	97	94	88
Accounts Payable	210	226	204	185	195	184	190
Other Current Liabilities	164	154	146	165	150	176	186
Total Noncurrent Liabilities	1,358	1,280	1,275	1,249	1,201	1,195	1,185
Long-Term Debt	945	925	921	918	904	898	895
Noncurrent Deferred & Payable Income Tax Liabilities	195	179	177	164	143	147	137
Noncurrent Employee Benefit Liabilities	102	63	63	59	50	48	43
Other Noncurrent Operating Liabilities	117	113	113	108	104	103	110
Commitments & Contingencies	-	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,536	1,658	1,662	1,623	1,696	1,698	1,745
Total Preferred & Common Equity	1,502	1,623	1,627	1,589	1,661	1,663	1,706
Total Common Equity	1,502	1,623	1,627	1,589	1,661	1,663	1,706
Common Stock	488	493	496	498	509	522	526
Retained Earnings	2,266	2,320	2,345	2,324	2,404	2,421	2,464
Treasury Stock	-831	-831	-831	-831	-860	-880	-903
Accumulated Other Comprehensive Income / (Loss)	-421	-359	-383	-402	-391	-400	-381
Noncontrolling Interest	34	35	35	34	35	35	39

This table displays calculated financial ratios and metrics derived from Minerals Technologies' official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	69.42%	4.21%	-8.88%	2.30%	7.87%	-0.92%	-10.95%	16.52%	14.38%	2.09%	-2.37%
EBITDA Growth	42.13%	17.72%	5.98%	2.53%	7.51%	-13.87%	-8.08%	22.60%	-10.69%	-14.80%	43.00%
EBIT Growth	37.69%	16.06%	13.48%	4.27%	6.70%	-19.80%	-12.12%	35.93%	-13.36%	-19.57%	68.84%
NOPAT Growth	38.27%	31.08%	7.01%	42.46%	-15.85%	-16.13%	-13.32%	24.81%	-11.53%	-21.55%	57.01%
Net Income Growth	14.51%	16.86%	22.85%	45.15%	-12.96%	-21.25%	-15.10%	45.51%	-25.04%	-30.09%	93.54%
EPS Growth	15.22%	16.23%	23.05%	44.59%	-13.32%	-20.42%	-12.96%	47.72%	-23.25%	-30.83%	100.39%
Operating Cash Flow Growth	130.56%	-13.13%	-16.63%	-7.77%	-1.93%	17.04%	0.97%	-3.41%	-54.52%	121.00%	1.20%
Free Cash Flow Firm Growth	-2,154.90%	118.05%	-16.42%	-36.88%	-59.23%	329.33%	-14.44%	-117.85%	205.94%	340.30%	-2.38%
Invested Capital Growth	353.79%	-4.98%	-2.41%	5.77%	7.62%	-3.20%	-2.73%	11.21%	5.70%	-1.77%	1.58%
Revenue Q/Q Growth	17.69%	-4.57%	-1.72%	1.88%	0.85%	-0.41%	-0.52%	2.49%	1.46%	0.79%	-0.30%
EBITDA Q/Q Growth	12.40%	-2.58%	14.54%	-2.32%	8.69%	-1.57%	5.71%	7.39%	-3.52%	11.20%	6.15%
EBIT Q/Q Growth	6.95%	-6.78%	14.82%	-5.64%	6.79%	-7.22%	1.91%	4.77%	-8.43%	16.63%	7.64%
NOPAT Q/Q Growth	7.82%	3.45%	5.86%	25.41%	-16.90%	-8.21%	3.42%	-0.88%	-5.33%	18.76%	5.38%
Net Income Q/Q Growth	-1.54%	-3.63%	16.78%	24.53%	-15.88%	-9.49%	2.03%	6.38%	-14.14%	28.16%	8.92%
EPS Q/Q Growth	-2.21%	-4.64%	0.00%	0.00%	0.00%	-8.92%	2.49%	7.05%	-14.06%	29.00%	9.77%
Operating Cash Flow Q/Q Growth	32.37%	-14.20%	-6.01%	-1.84%	6.93%	4.20%	5.43%	-8.97%	-20.47%	29.49%	-9.53%
Free Cash Flow Firm Q/Q Growth	10.86%	-24.34%	-3.84%	-19.17%	-1.81%	16.31%	-0.14%	-230.11%	-48.47%	76.77%	-5.29%
Invested Capital Q/Q Growth	-6.85%	-2.97%	-2.11%	2.18%	0.05%	-2.29%	-2.10%	0.93%	2.08%	-0.26%	0.59%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	25.24%	26.20%	28.11%	27.88%	25.53%	24.60%	25.42%	24.03%	21.88%	23.37%	25.85%
EBITDA Margin	15.08%	17.03%	19.81%	19.85%	19.79%	17.20%	17.76%	18.68%	14.59%	12.18%	17.83%
Operating Margin	9.79%	11.14%	13.67%	14.58%	14.16%	11.65%	11.78%	12.68%	10.11%	7.92%	13.52%
EBIT Margin	9.89%	11.01%	13.72%	13.98%	13.83%	11.19%	11.05%	12.89%	9.76%	7.69%	13.30%
Profit (Net Income) Margin	5.54%	6.21%	8.37%	11.88%	9.58%	7.62%	7.26%	9.07%	5.94%	4.07%	8.07%
Tax Burden Percent	77.64%	84.16%	80.51%	104.24%	84.86%	86.71%	83.91%	83.29%	80.60%	81.99%	76.43%
Interest Burden Percent	72.10%	66.97%	75.79%	81.48%	81.64%	78.45%	78.32%	84.47%	75.52%	64.53%	79.35%
Effective Tax Rate	25.04%	17.19%	20.73%	-3.46%	16.85%	14.49%	17.68%	18.09%	20.49%	22.01%	26.57%
Return on Invested Capital (ROIC)	10.00%	8.20%	9.12%	12.78%	10.08%	8.28%	7.40%	8.87%	7.25%	5.58%	8.77%
ROIC Less NNEP Spread (ROIC-NNEP)	1.91%	3.31%	4.92%	6.24%	5.00%	2.63%	1.16%	5.02%	1.40%	-0.50%	2.82%
Return on Net Nonoperating Assets (RNNOA)	0.83%	4.02%	4.81%	4.45%	2.92%	1.39%	0.49%	2.08%	0.67%	-0.23%	1.08%
Return on Equity (ROE)	10.83%	12.22%	13.93%	17.23%	13.00%	9.67%	7.90%	10.95%	7.91%	5.35%	9.85%
Cash Return on Invested Capital (CROIC)	-117.77%	13.31%	11.55%	7.17%	2.74%	11.53%	10.17%	-1.74%	1.71%	7.37%	7.20%
Operating Return on Assets (OROA)	7.80%	6.45%	7.69%	8.03%	8.25%	6.47%	5.57%	7.28%	6.12%	4.95%	8.36%
Return on Assets (ROA)	4.37%	3.64%	4.69%	6.82%	5.72%	4.40%	3.66%	5.12%	3.73%	2.62%	5.07%
Return on Common Equity (ROCE)	10.51%	11.86%	13.56%	16.84%	12.71%	9.46%	7.71%	10.67%	7.73%	5.24%	9.65%
Return on Equity Simple (ROE_SIMPLE)	11.07%	12.26%	13.62%	15.90%	12.80%	9.72%	7.93%	10.95%	8.00%	5.35%	9.78%
Net Operating Profit after Tax (NOPAT)	127	166	177	253	213	178	155	193	171	134	210
NOPAT Margin	7.34%	9.23%	10.84%	15.09%	11.77%	9.96%	9.70%	10.39%	8.04%	6.18%	9.93%
Net Nonoperating Expense Percent (NNEP)	8.09%	4.89%	4.20%	6.54%	5.08%	5.65%	6.24%	3.85%	5.85%	6.08%	5.95%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	6.38%	4.96%	7.64%
Cost of Revenue to Revenue	74.76%	73.80%	71.89%	72.12%	74.47%	75.40%	74.58%	75.97%	78.12%	76.63%	75.56%
SG&A Expenses to Revenue	10.56%	10.58%	10.77%	10.78%	9.88%	10.47%	11.07%	10.02%	9.04%	9.49%	9.87%
R&D to Revenue	1.41%	1.31%	1.45%	1.41%	1.26%	1.13%	1.25%	1.05%	0.96%	0.98%	1.09%
Operating Expenses to Revenue	15.46%	15.06%	14.44%	13.30%	11.37%	12.95%	13.64%	11.34%	11.77%	15.45%	10.91%
Earnings before Interest and Taxes (EBIT)	171	198	225	234	250	201	176	240	208	167	282
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	260	306	325	333	358	308	283	347	310	264	378
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.68	1.70	2.61	1.90	1.31	1.41	1.43	1.56	1.23	1.40	1.39
Price to Tangible Book Value (P/TBV)	0.00	0.00	112.19	8.61	5.42	5.03	4.56	6.33	4.61	4.54	3.95
Price to Revenue (P/Rev)	1.34	0.86	1.60	1.42	0.98	1.10	1.31	1.30	0.92	1.06	1.15
Price to Earnings (P/E)	25.06	14.32	19.68	12.18	10.48	14.87	18.52	14.64	15.94	27.41	14.52
Dividend Yield	0.30%	0.45%	0.27%	0.30%	0.40%	0.44%	0.33%	0.28%	0.33%	0.35%	0.54%
Earnings Yield	3.99%	6.98%	5.08%	8.21%	9.54%	6.73%	5.40%	6.83%	6.27%	3.65%	6.89%
Enterprise Value to Invested Capital (EV/IC)	1.70	1.32	1.84	1.55	1.19	1.27	1.30	1.38	1.15	1.27	1.28
Enterprise Value to Revenue (EV/Rev)	2.04	1.45	2.16	1.88	1.44	1.50	1.68	1.70	1.31	1.40	1.46
Enterprise Value to EBITDA (EV/EBITDA)	13.56	8.51	10.92	9.49	7.29	8.73	9.47	9.10	9.00	11.48	8.20
Enterprise Value to EBIT (EV/EBIT)	20.67	13.16	15.76	13.48	10.43	13.41	15.22	13.20	13.45	18.17	10.99
Enterprise Value to NOPAT (EV/NOPAT)	27.87	15.71	19.96	12.49	12.25	15.07	17.34	16.37	16.34	22.63	14.72
Enterprise Value to Operating Cash Flow (EV/OCF)	11.35	9.65	15.74	15.21	12.80	11.29	11.15	13.60	26.41	12.98	13.10
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	9.68	15.75	22.25	45.05	10.82	12.62	0.00	69.44	17.13	17.92
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.61	1.35	1.05	0.76	0.73	0.65	0.62	0.64	0.66	0.60	0.54
Long-Term Debt to Equity	1.61	1.34	1.04	0.75	0.66	0.57	0.62	0.59	0.58	0.54	0.54
Financial Leverage	0.44	1.21	0.98	0.71	0.59	0.53	0.43	0.41	0.48	0.46	0.38
Leverage Ratio	2.48	3.36	2.97	2.53	2.27	2.20	2.16	2.14	2.12	2.05	1.94
Compound Leverage Factor	1.79	2.25	2.25	2.06	1.86	1.72	1.69	1.81	1.60	1.32	1.54
Debt to Total Capital	61.75%	57.43%	51.23%	43.13%	42.32%	39.27%	38.40%	39.17%	39.70%	37.56%	35.26%
Short-Term Debt to Total Capital	0.25%	0.44%	0.61%	0.45%	4.52%	4.37%	0.04%	3.11%	5.02%	3.83%	0.42%
Long-Term Debt to Total Capital	61.50%	56.99%	50.62%	42.68%	37.80%	34.90%	38.36%	36.06%	34.69%	33.73%	34.84%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.11%	1.23%	1.15%	1.22%	1.32%	1.35%	1.56%	1.55%	1.26%	1.28%	1.31%
Common Equity to Total Capital	37.13%	41.34%	47.62%	55.66%	56.36%	59.38%	60.04%	59.28%	59.04%	61.16%	63.43%
Debt to EBITDA	5.52	4.13	3.34	2.92	2.84	3.01	3.30	2.93	3.43	3.84	2.57
Net Debt to EBITDA	4.56	3.37	2.75	2.27	2.25	2.22	1.99	2.05	2.61	2.62	1.68
Long-Term Debt to EBITDA	5.50	4.10	3.30	2.88	2.54	2.68	3.30	2.70	2.99	3.45	2.54
Debt to NOPAT	11.34	7.63	6.10	3.84	4.78	5.20	6.04	5.27	6.22	7.57	4.62
Net Debt to NOPAT	9.36	6.23	5.03	2.99	3.78	3.84	3.64	3.69	4.74	5.17	3.01
Long-Term Debt to NOPAT	11.30	7.57	6.03	3.80	4.27	4.62	6.03	4.85	5.43	6.80	4.56
Altman Z-Score	2.08	2.08	2.58	2.64	2.47	2.55	2.56	2.71	2.62	2.86	3.10
Noncontrolling Interest Sharing Ratio	2.99%	2.91%	2.62%	2.24%	2.22%	2.26%	2.38%	2.54%	2.31%	2.07%	2.04%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.57	2.52	2.54	2.75	2.29	2.31	3.49	2.45	2.13	2.40	2.84
Quick Ratio	1.89	1.82	1.80	1.93	1.57	1.55	2.50	1.60	1.31	1.58	1.82
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,490	269	225	142	58	248	213	-38	40	177	173
Operating Cash Flow to CapEx	429.28%	333.33%	369.02%	275.70%	271.47%	366.62%	363.99%	272.45%	130.01%	250.38%	306.22%
Free Cash Flow to Firm to Interest Expense	-31.31	4.11	4.13	3.27	1.26	5.75	5.56	-1.02	5.83	0.00	95.99
Operating Cash Flow to Interest Expense	6.53	4.13	4.14	4.78	4.44	5.52	6.30	6.25	15.32	0.00	131.33
Operating Cash Flow Less CapEx to Interest Expense	5.01	2.89	3.02	3.05	2.80	4.01	4.57	3.95	3.54	0.00	88.44
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.79	0.59	0.56	0.57	0.60	0.58	0.50	0.56	0.63	0.64	0.63
Accounts Receivable Turnover	5.59	4.72	4.75	4.63	4.69	4.69	4.28	5.04	5.51	5.40	5.40
Inventory Turnover	8.57	6.52	6.17	5.95	5.87	5.48	4.74	5.17	5.14	4.93	4.80
Fixed Asset Turnover	2.32	1.57	1.52	1.59	1.67	1.66	1.52	1.78	2.02	2.13	2.14
Accounts Payable Turnover	9.72	8.22	7.92	7.46	7.73	8.12	7.63	8.20	8.52	8.69	8.56
Days Sales Outstanding (DSO)	65.28	77.29	76.88	78.88	77.77	77.80	85.28	72.36	66.27	67.54	67.56
Days Inventory Outstanding (DIO)	42.60	55.95	59.17	61.34	62.16	66.56	76.95	70.57	71.05	74.00	76.10
Days Payable Outstanding (DPO)	37.54	44.41	46.07	48.91	47.19	44.94	47.83	44.52	42.85	41.98	42.66
Cash Conversion Cycle (CCC)	70.33	88.83	89.97	91.31	92.74	99.42	114.40	98.41	94.47	99.56	101.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,074	1,971	1,923	2,034	2,189	2,119	2,061	2,292	2,423	2,380	2,417
Invested Capital Turnover	1.36	0.89	0.84	0.85	0.86	0.83	0.76	0.85	0.90	0.90	0.88
Increase / (Decrease) in Invested Capital	1,617	-103	-47	111	155	-70	-58	231	131	-43	38
Enterprise Value (EV)	3,527	2,605	3,542	3,158	2,607	2,689	2,682	3,160	2,791	3,032	3,097
Market Capitalization	2,316	1,545	2,625	2,375	1,771	1,973	2,082	2,408	1,948	2,305	2,427
Book Value per Share	$25.01	$26.20	$28.81	$35.39	$38.38	$40.24	$42.97	$46.23	$48.67	$50.76	$54.78
Tangible Book Value per Share	($3.48)	($2.40)	$0.67	$7.80	$9.27	$11.26	$13.43	$11.42	$13.03	$15.59	$19.29
Total Capital	2,324	2,203	2,114	2,249	2,402	2,362	2,433	2,597	2,676	2,701	2,754
Total Debt	1,435	1,265	1,083	970	1,016	928	934	1,017	1,062	1,015	971
Total Long-Term Debt	1,429	1,255	1,070	960	908	824	933	936	928	911	960
Net Debt	1,185	1,033	892	755	804	684	562	713	810	693	634
Capital Expenditures (CapEx)	72	81	61	75	75	65	66	85	81	93	77
Debt-free, Cash-free Net Working Capital (DFCFNWC)	308	263	278	337	390	381	367	385	449	424	408
Debt-free Net Working Capital (DFNWC)	558	495	469	552	603	624	739	690	702	745	745
Net Working Capital (NWC)	552	485	456	542	494	521	738	609	568	642	733
Net Nonoperating Expense (NNE)	31	54	40	54	40	42	39	25	44	46	39
Net Nonoperating Obligations (NNO)	1,185	1,033	892	755	804	684	562	713	810	693	634
Total Depreciation and Amortization (D&A)	90	108	100	98	108	108	107	108	103	97	96
Debt-free, Cash-free Net Working Capital to Revenue	17.83%	14.61%	16.97%	20.13%	21.59%	21.26%	23.01%	20.72%	21.14%	19.52%	19.25%
Debt-free Net Working Capital to Revenue	32.34%	27.51%	28.60%	32.96%	33.35%	34.84%	46.33%	37.10%	33.03%	34.34%	35.16%
Net Working Capital to Revenue	32.00%	26.98%	27.81%	32.36%	27.35%	29.07%	46.26%	32.76%	26.72%	29.57%	34.61%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.68	$3.11	$3.82	$5.54	$4.79	$3.79	$3.29	$4.89	$3.74	$2.59	$5.21
Adjusted Weighted Average Basic Shares Outstanding	34.50M	34.70M	34.90M	35.20M	35.30M	35M	34.20M	33.60M	32.70M	32.50M	32.10M
Adjusted Diluted Earnings per Share	$2.65	$3.08	$3.79	$5.48	$4.75	$3.78	$3.29	$4.86	$3.73	$2.58	$5.17
Adjusted Weighted Average Diluted Shares Outstanding	34.80M	35M	35.20M	35.60M	35.60M	35.10M	34.20M	33.80M	32.80M	32.60M	32.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$3.79	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	34.70M	34.87M	35.04M	35.43M	35.23M	34.47M	33.85M	33.14M	32.54M	32.36M	31.90M
Normalized Net Operating Profit after Tax (NOPAT)	172	213	206	184	216	199	172	197	201	218	210
Normalized NOPAT Margin	9.94%	11.85%	12.59%	10.98%	11.96%	11.11%	10.79%	10.61%	9.45%	10.06%	9.90%
Pre Tax Income Margin	7.13%	7.38%	10.40%	11.39%	11.29%	8.78%	8.65%	10.89%	7.37%	4.96%	10.55%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.58	3.03	4.13	5.40	5.45	4.64	4.61	6.44	30.07	0.00	156.56
NOPAT to Interest Expense	2.66	2.54	3.26	5.83	4.64	4.13	4.05	5.19	24.75	0.00	116.88
EBIT Less CapEx to Interest Expense	2.06	1.79	3.01	3.66	3.81	3.14	2.88	4.15	18.29	0.00	113.67
NOPAT Less CapEx to Interest Expense	1.14	1.30	2.14	4.09	3.00	2.63	2.32	2.90	12.97	0.00	73.99
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	12.88%	7.26%	8.68%	4.72%	5.14%	8.21%	6.48%	5.10%	11.24%	11.89%	8.31%
Augmented Payout Ratio	12.88%	7.26%	10.58%	5.08%	17.67%	38.27%	41.62%	49.44%	55.58%	27.97%	45.52%

This table displays calculated financial ratios and metrics derived from Minerals Technologies' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	14.52%	6.42%	5.20%	-0.99%	1.09%	3.35%	-2.12%	-1.87%	-4.22%	-1.22%
EBITDA Growth	-30.10%	-23.82%	-4.89%	-20.35%	-70.84%	38.57%	15.07%	2.08%	468.24%	23.83%
EBIT Growth	-41.37%	-32.32%	-5.93%	-27.29%	-120.86%	59.50%	21.16%	2.06%	1,106.85%	31.35%
NOPAT Growth	-42.03%	-22.28%	-7.23%	-29.73%	-119.11%	61.47%	17.66%	-28.56%	1,166.23%	19.05%
Net Income Growth	-65.57%	-49.41%	-15.14%	-39.34%	-223.97%	91.08%	24.93%	-24.28%	363.54%	34.40%
EPS Growth	-66.39%	-49.19%	-14.29%	-39.71%	-243.90%	92.06%	26.32%	-25.61%	345.76%	38.02%
Operating Cash Flow Growth	-32.59%	-39.25%	11,133.33%	38.30%	94.41%	126.37%	65.88%	10.11%	1.52%	-26.13%
Free Cash Flow Firm Growth	36.50%	48.33%	78.11%	92.68%	75.18%	200.10%	363.59%	628.67%	329.09%	-72.34%
Invested Capital Growth	4.51%	5.70%	4.34%	2.45%	0.54%	-1.77%	-3.36%	-3.12%	0.72%	1.58%
Revenue Q/Q Growth	-2.71%	-6.35%	7.61%	0.99%	-0.67%	-4.25%	1.91%	1.25%	-3.05%	-1.26%
EBITDA Q/Q Growth	-35.51%	8.06%	35.87%	-15.89%	-76.39%	413.53%	12.83%	-25.38%	31.43%	11.90%
EBIT Q/Q Growth	-47.53%	14.29%	54.75%	-21.65%	-115.05%	973.97%	17.55%	-34.00%	48.48%	14.01%
NOPAT Q/Q Growth	-47.72%	15.90%	46.49%	-20.84%	-114.22%	1,079.29%	6.75%	-51.93%	112.20%	9.34%
Net Income Q/Q Growth	-67.91%	45.89%	78.87%	-27.56%	-165.58%	324.86%	16.95%	-56.09%	128.23%	14.68%
EPS Q/Q Growth	-69.85%	53.66%	80.95%	-28.07%	-171.95%	305.08%	19.01%	-57.64%	137.70%	15.17%
Operating Cash Flow Q/Q Growth	-7.60%	38.49%	-19.95%	35.01%	29.89%	61.25%	-41.34%	-10.38%	19.76%	17.33%
Free Cash Flow Firm Q/Q Growth	72.71%	-32.12%	45.12%	63.00%	7.50%	632.94%	44.52%	-25.80%	-59.92%	-35.66%
Invested Capital Q/Q Growth	-0.71%	2.08%	1.54%	-0.45%	-2.57%	-0.26%	-0.10%	-0.20%	1.29%	0.59%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	21.83%	19.25%	22.10%	23.21%	24.30%	23.89%	25.43%	21.05%	25.77%	31.40%
EBITDA Margin	10.76%	12.41%	15.67%	13.06%	3.10%	16.64%	18.43%	13.58%	18.41%	20.86%
Operating Margin	6.57%	8.59%	11.54%	9.05%	-1.44%	12.74%	14.07%	9.35%	14.60%	16.23%
EBIT Margin	6.46%	7.88%	11.33%	8.79%	-1.33%	12.16%	14.03%	9.15%	14.01%	16.17%
Profit (Net Income) Margin	2.69%	4.20%	6.98%	5.00%	-3.30%	7.76%	8.91%	3.86%	9.09%	10.56%
Tax Burden Percent	85.38%	78.02%	79.87%	81.18%	80.09%	83.74%	79.20%	60.40%	80.17%	78.82%
Interest Burden Percent	48.86%	68.25%	77.06%	70.10%	309.59%	76.18%	80.13%	69.90%	80.95%	82.82%
Effective Tax Rate	18.71%	23.08%	22.01%	22.06%	0.00%	18.93%	23.13%	45.09%	23.03%	23.34%
Return on Invested Capital (ROIC)	4.82%	5.96%	8.04%	6.26%	-0.91%	9.33%	9.65%	4.57%	9.97%	10.99%
ROIC Less NNEP Spread (ROIC-NNEP)	2.98%	4.35%	6.62%	4.85%	-2.48%	7.54%	8.27%	3.63%	8.39%	9.52%
Return on Net Nonoperating Assets (RNNOA)	1.51%	2.07%	3.16%	2.40%	-1.26%	3.43%	3.66%	1.58%	3.54%	3.64%
Return on Equity (ROE)	6.33%	8.03%	11.20%	8.65%	-2.17%	12.76%	13.31%	6.16%	13.51%	14.63%
Cash Return on Invested Capital (CROIC)	3.36%	1.71%	2.67%	3.79%	4.21%	7.37%	9.31%	8.60%	7.62%	7.20%
Operating Return on Assets (OROA)	4.00%	4.94%	7.10%	5.54%	-0.85%	7.82%	8.92%	5.82%	8.83%	10.17%
Return on Assets (ROA)	1.67%	2.63%	4.37%	3.16%	-2.11%	4.99%	5.66%	2.46%	5.73%	6.64%
Return on Common Equity (ROCE)	6.18%	7.85%	10.94%	8.47%	-2.13%	12.50%	13.03%	6.03%	13.22%	14.33%
Return on Equity Simple (ROE_SIMPLE)	9.79%	0.00%	7.36%	6.25%	4.34%	0.00%	5.89%	5.48%	9.20%	0.00%
Net Operating Profit after Tax (NOPAT)	29	34	49	39	-5.53	54	58	28	59	64
NOPAT Margin	5.34%	6.61%	9.00%	7.05%	-1.01%	10.33%	10.82%	5.13%	11.24%	12.44%
Net Nonoperating Expense Percent (NNEP)	1.83%	1.61%	1.42%	1.41%	1.57%	1.79%	1.38%	0.94%	1.58%	1.47%
Return On Investment Capital (ROIC_SIMPLE)	-	1.25%	-	-	-	2.00%	-	-	-	2.34%
Cost of Revenue to Revenue	78.17%	80.75%	77.90%	76.79%	75.70%	76.11%	74.57%	78.95%	74.23%	74.39%
SG&A Expenses to Revenue	8.49%	9.56%	9.58%	9.39%	9.29%	9.72%	9.92%	9.85%	9.55%	10.19%
R&D to Revenue	0.94%	1.02%	0.97%	1.02%	0.95%	0.97%	1.05%	1.07%	1.12%	1.10%
Operating Expenses to Revenue	15.26%	10.66%	10.57%	14.16%	25.74%	11.15%	11.36%	11.70%	11.17%	9.38%
Earnings before Interest and Taxes (EBIT)	35	40	62	49	-7.30	64	75	50	74	84
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	58	63	86	72	17	87	99	74	97	108
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.06	1.23	1.20	1.15	1.12	1.40	1.47	1.61	1.43	1.39
Price to Tangible Book Value (P/TBV)	4.61	4.61	4.17	3.92	4.00	4.54	4.70	5.10	4.27	3.95
Price to Revenue (P/Rev)	0.76	0.92	0.91	0.87	0.82	1.06	1.13	1.25	1.15	1.15
Price to Earnings (P/E)	11.11	15.94	16.95	19.27	27.60	27.41	26.05	30.82	15.93	14.52
Dividend Yield	0.41%	0.33%	0.33%	0.35%	0.37%	0.35%	0.40%	0.42%	0.53%	0.54%
Earnings Yield	9.00%	6.27%	5.90%	5.19%	3.62%	3.65%	3.84%	3.24%	6.28%	6.89%
Enterprise Value to Invested Capital (EV/IC)	1.04	1.15	1.13	1.10	1.08	1.27	1.33	1.43	1.30	1.28
Enterprise Value to Revenue (EV/Rev)	1.18	1.31	1.30	1.25	1.19	1.40	1.46	1.58	1.47	1.46
Enterprise Value to EBITDA (EV/EBITDA)	7.68	9.00	9.38	9.64	10.81	11.48	11.50	12.26	8.80	8.20
Enterprise Value to EBIT (EV/EBIT)	10.89	13.45	13.70	14.49	17.95	18.17	17.56	18.72	11.96	10.99
Enterprise Value to NOPAT (EV/NOPAT)	13.67	16.34	16.71	17.89	22.77	22.63	22.18	25.90	15.69	14.72
Enterprise Value to Operating Cash Flow (EV/OCF)	18.56	26.41	20.05	17.71	14.24	12.98	12.35	13.01	11.99	13.10
Enterprise Value to Free Cash Flow (EV/FCFF)	31.62	69.44	43.28	29.34	25.65	17.13	14.04	16.35	17.17	17.92
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.69	0.66	0.64	0.63	0.64	0.60	0.59	0.58	0.56	0.54
Long-Term Debt to Equity	0.62	0.58	0.56	0.55	0.57	0.54	0.53	0.53	0.51	0.54
Financial Leverage	0.51	0.48	0.48	0.49	0.51	0.46	0.44	0.44	0.42	0.38
Leverage Ratio	2.20	2.12	2.11	2.10	2.13	2.05	2.02	2.01	2.00	1.94
Compound Leverage Factor	1.07	1.45	1.63	1.47	6.60	1.56	1.62	1.41	1.62	1.61
Debt to Total Capital	40.93%	39.70%	38.95%	38.56%	39.10%	37.56%	37.13%	36.87%	36.03%	35.26%
Short-Term Debt to Total Capital	4.59%	5.02%	4.90%	4.50%	4.64%	3.83%	3.60%	3.48%	3.23%	0.42%
Long-Term Debt to Total Capital	36.35%	34.69%	34.05%	34.06%	34.46%	33.73%	33.53%	33.39%	32.80%	34.84%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.29%	1.26%	1.30%	1.29%	1.26%	1.28%	1.29%	1.30%	1.42%	1.31%
Common Equity to Total Capital	57.78%	59.04%	59.75%	60.15%	59.65%	61.16%	61.58%	61.83%	62.54%	63.43%
Debt to EBITDA	3.31	3.43	3.56	3.74	4.38	3.84	3.64	3.59	2.76	2.57
Net Debt to EBITDA	2.61	2.61	2.70	2.82	3.21	2.62	2.48	2.44	1.85	1.68
Long-Term Debt to EBITDA	2.94	2.99	3.11	3.30	3.86	3.45	3.29	3.25	2.51	2.54
Debt to NOPAT	5.90	6.22	6.34	6.94	9.23	7.57	7.03	7.58	4.92	4.62
Net Debt to NOPAT	4.64	4.74	4.81	5.24	6.77	5.17	4.78	5.16	3.30	3.01
Long-Term Debt to NOPAT	5.24	5.43	5.54	6.13	8.14	6.80	6.35	6.86	4.48	4.56
Altman Z-Score	2.31	2.46	2.49	2.49	2.45	2.76	2.86	2.92	2.84	2.91
Noncontrolling Interest Sharing Ratio	2.37%	2.31%	2.34%	2.12%	2.12%	2.07%	2.09%	2.08%	2.15%	2.04%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.18	2.13	2.17	2.29	2.31	2.40	2.49	2.46	2.46	2.84
Quick Ratio	1.33	1.31	1.32	1.43	1.47	1.58	1.62	1.59	1.59	1.82
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-73	-97	-53	-20	-18	97	140	104	42	27
Operating Cash Flow to CapEx	164.32%	183.84%	138.11%	211.63%	235.46%	423.56%	338.79%	248.02%	242.92%	445.57%
Free Cash Flow to Firm to Interest Expense	-4.10	0.00	-3.75	0.00	0.00	0.00	9.42	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	1.70	0.00	2.37	0.00	0.00	0.00	3.75	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.66	0.00	0.65	0.00	0.00	0.00	2.64	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.62	0.63	0.63	0.63	0.64	0.64	0.64	0.64	0.63	0.63
Accounts Receivable Turnover	5.15	5.51	5.26	5.05	5.07	5.40	5.28	5.21	5.12	5.40
Inventory Turnover	5.18	5.14	4.80	4.84	4.91	4.93	4.70	4.77	4.75	4.80
Fixed Asset Turnover	2.00	2.02	2.05	2.04	2.14	2.13	2.12	2.12	2.16	2.14
Accounts Payable Turnover	8.20	8.52	7.60	7.94	8.48	8.69	7.78	8.44	8.62	8.56
Days Sales Outstanding (DSO)	70.91	66.27	69.37	72.23	71.96	67.54	69.12	70.09	71.35	67.56
Days Inventory Outstanding (DIO)	70.53	71.05	76.08	75.35	74.39	74.00	77.65	76.54	76.83	76.10
Days Payable Outstanding (DPO)	44.52	42.85	48.02	45.95	43.07	41.98	46.90	43.26	42.34	42.66
Cash Conversion Cycle (CCC)	96.92	94.47	97.43	101.63	103.28	99.56	99.87	103.36	105.84	101.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,373	2,423	2,460	2,449	2,386	2,380	2,377	2,373	2,403	2,417
Invested Capital Turnover	0.90	0.90	0.89	0.89	0.90	0.90	0.89	0.89	0.89	0.88
Increase / (Decrease) in Invested Capital	102	131	102	59	13	-43	-83	-76	17	38
Enterprise Value (EV)	2,467	2,791	2,788	2,687	2,569	3,032	3,160	3,388	3,132	3,097
Market Capitalization	1,596	1,948	1,951	1,865	1,772	2,305	2,444	2,678	2,435	2,427
Book Value per Share	$46.08	$48.67	$49.87	$49.98	$48.83	$50.76	$51.43	$51.56	$53.03	$54.78
Tangible Book Value per Share	$10.62	$13.03	$14.39	$14.64	$13.62	$15.59	$16.11	$16.28	$17.71	$19.29
Total Capital	2,600	2,676	2,716	2,704	2,664	2,701	2,697	2,689	2,728	2,754
Total Debt	1,064	1,062	1,058	1,043	1,042	1,015	1,002	991	983	971
Total Long-Term Debt	945	928	925	921	918	911	904	898	895	960
Net Debt	838	810	802	787	763	693	681	675	658	634
Capital Expenditures (CapEx)	19	23	24	22	25	23	17	20	25	16
Debt-free, Cash-free Net Working Capital (DFCFNWC)	473	449	479	474	466	424	437	438	441	408
Debt-free Net Working Capital (DFNWC)	699	702	735	729	744	745	757	754	765	745
Net Working Capital (NWC)	580	568	602	608	621	642	660	660	677	733
Net Nonoperating Expense (NNE)	14	12	11	11	13	13	10	6.89	11	9.77
Net Nonoperating Obligations (NNO)	838	810	802	787	763	693	681	675	658	634
Total Depreciation and Amortization (D&A)	23	23	24	24	24	24	24	24	23	24
Debt-free, Cash-free Net Working Capital to Revenue	22.57%	21.14%	22.26%	22.07%	21.65%	19.52%	20.22%	20.37%	20.73%	19.25%
Debt-free Net Working Capital to Revenue	33.38%	33.03%	34.15%	33.96%	34.57%	34.34%	35.06%	35.10%	36.00%	35.16%
Net Working Capital to Revenue	27.69%	26.72%	27.96%	28.30%	28.83%	29.57%	30.56%	30.74%	31.85%	34.61%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.41	$0.63	$1.14	$0.82	($0.59)	$1.22	$1.45	$0.61	$1.45	$1.70
Adjusted Weighted Average Basic Shares Outstanding	32.50M	32.70M	32.50M	32.50M	32.50M	32.50M	32.30M	32.20M	32.10M	32.10M
Adjusted Diluted Earnings per Share	$0.41	$0.63	$1.14	$0.82	($0.59)	$1.21	$1.44	$0.61	$1.45	$1.67
Adjusted Weighted Average Diluted Shares Outstanding	32.60M	32.80M	32.50M	32.60M	32.50M	32.60M	32.40M	32.40M	32.30M	32.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	32.45M	32.54M	32.54M	32.54M	32.54M	32.36M	32.25M	32.17M	31.89M	31.90M
Normalized Net Operating Profit after Tax (NOPAT)	55	34	49	55	54	56	59	30	61	57
Normalized NOPAT Margin	10.08%	6.67%	9.01%	9.98%	9.84%	10.70%	11.12%	5.56%	11.62%	10.98%
Pre Tax Income Margin	3.16%	5.38%	8.73%	6.17%	-4.13%	9.27%	11.24%	6.39%	11.34%	13.40%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.96	0.00	4.36	0.00	0.00	0.00	5.03	0.00	0.00	0.00
NOPAT to Interest Expense	1.62	0.00	3.46	0.00	0.00	0.00	3.88	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.92	0.00	2.64	0.00	0.00	0.00	3.93	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.58	0.00	1.74	0.00	0.00	0.00	2.77	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	8.91%	11.24%	11.80%	7.78%	12.92%	11.89%	12.37%	15.48%	9.75%	8.31%
Augmented Payout Ratio	55.00%	55.58%	44.69%	22.83%	12.92%	27.97%	42.23%	69.05%	55.39%	45.52%

Frequently Asked Questions About Minerals Technologies' Financials

When does Minerals Technologies's fiscal year end?

According to the most recent income statement we have on file, Minerals Technologies' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Minerals Technologies' net income changed over the last 10 years?

Over the last 10 years, Minerals Technologies' net income changed from $95.50 million in 2014 to $170.90 million in 2024, a change of 79.0%.

What is Minerals Technologies's operating income?

Minerals Technologies's total operating income in 2024 was $286.50 million, based on the following breakdown:

Total Gross Profit: $547.70 million
Total Operating Expenses: $231.20 million

How has Minerals Technologies revenue changed over the last 10 years?

Over the last 10 years, Minerals Technologies' total revenue changed from $1.73 billion in 2014 to $2.12 billion in 2024, a change of 22.8%.

How much debt does Minerals Technologies have?

Minerals Technologies' total liabilities were at $1.61 billion at the end of 2024, a 3.0% decrease from 2023, and a 29.0% decrease since 2014.

How much cash does Minerals Technologies have?

In the past 10 years, Minerals Technologies' cash and equivalents has ranged from $188.50 million in 2016 to $367.70 million in 2020, and is currently $333.10 million as of their latest financial filing in 2024.

How has Minerals Technologies' book value per share changed over the last 10 years?

Over the last 10 years, Minerals Technologies' book value per share changed from 25.01 in 2014 to 54.78 in 2024, a change of 119.0%.

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This page (NYSE:MTX) was last updated on 4/15/2025 by MarketBeat.com Staff

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Minerals Technologies (MTX) Financials

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