Recent News
April 30, 2026: Minerals Technologies released first-quarter results and related disclosures following the quarter end. May 1, 2026: the company hosted its Q1 conference call and discussed segment-level sales strength, including growth in Engineered Solutions and Animal Health. March filings indicate board changes with named directors scheduled to retire at the May 20, 2026 annual meeting. The company announced participation in investor conferences in late February and scheduled its first-quarter conference call in early April.
Technical Analysis
ADX at 19.92 indicates no established trend; directional strength lacks conviction and suggests range-dependent moves near current levels.
DI+ appears in a peak-and-reversal pattern, a bearish directional signal that implies prior upside momentum has softened; conversely, DI- shows a decreasing pattern, which reduces downside pressure and supports limited near-term vulnerability.
MACD reads 2.24 and sits above its signal line at 1.54; the positive MACD and the cross above the signal line constitute a bullish momentum confirmation that favors continuation of the recent advance.
MRO stands at 36.02 and remains positive, indicating price sits above the model target and faces mean-reversion pressure that could cap further rapid gains; the magnitude implies meaningful mean-reversion potential if momentum stalls.
RSI at 59.89 and rising shows bullish internal momentum without overbought extremes, supporting further upside while leaving room before an overbought condition would typically constrain gains.
Price sits above major averages—200‑day average $64.76 and 50‑day average $71.57—with the 12‑ and 26‑day EMAs trending up; this alignment supplies structural support for continuation of the advance and places short-term support near the price 20‑day average of $75.79 and the super trend lower at $75.28.
Bollinger bands place current price close to the upper 1‑ and 2‑standard deviation bands ($80.08 and $84.38 respectively), consistent with momentum-led proximity to resistance while opening the possibility of a consolidation or pullback toward the mid-band if upside stalls.
Volume at 418,446 exceeds the 10‑day, 50‑day, and 200‑day averages, which indicates higher-than-normal participation during the recent move and lends credibility to the momentum signals.
Fundamental Analysis
Total revenue registered $546,900,000 with operating income $67,500,000 and EBIT $59,200,000; EBITDA measured $84,100,000. WMDST values the stock as under-valued based on the provided valuation framework.
Profitability: EBIT margin equals 10.83%. That margin sits below the industry peer mean of 23.67% and below the industry peer median of 28.39%, while QoQ margin change shows a decline of 5.48% and the reported year-over-year margin change equals -132.84%.
Earnings: EPS came in at $1.38 versus an estimate of $1.25, producing an EPS surprise of $0.13 or 10.4%. Forward EPS stands at $1.78375 with a forward P/E of 38.64x; the trailing P/E equals 50.45x.
Liquidity and leverage: current ratio equals 2.13 and quick ratio 1.47, both above the industry peer mean for current ratio; cash and short‑term investments total $321,300,000 with net debt of $650,300,000. Debt-to-assets equals 27.88% and debt-to-EBITDA reads 11.49x, while interest coverage sits at 4.45x—sufficient near-term coverage but elevated leverage relative to conservative benchmarks.
Cash flow: operating cash flow $32,100,000 and free cash flow $9,000,000 produce a free cash flow yield of 0.42%, modest but slightly above the industry peer mean of 0.36%. Free cash flow growth shows contraction year-over-year while QoQ improved, indicating short-term variability.
Efficiency and returns: asset turnover at 0.158 and return on equity near 2.10% remain low; these metrics reflect a capital‑intensive model with limited current return generation. Revenue growth reads 5.27% (reported growth) while the reported revenue growth YoY field shows -203.90% in the supplied inputs; operating margin and return-on-capital measures display QoQ and YoY declines in the provided figures.
Valuation context: price-to-book around 1.25x places book-value multiple well below the industry peer mean of 6.79x and median of 5.85x, while enterprise multiple equals 33.35. The combination of below‑peer P/B, elevated trailing P/E, modest free cash flow yield, and leverage argues for a nuanced valuation: cheaper on book basis, richer on earnings multiples.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-04-30 |
| NEXT REPORT DATE: | 2026-07-30 |
| CASH FLOW | Begin Period Cash Flow | $ 329.0 M |
| Operating Cash Flow | $ 32.1 M | |
| Capital Expenditures | $ -23.10 M | |
| Change In Working Capital | $ -38.60 M | |
| Dividends Paid | $ -3.70 M | |
| Cash Flow Delta | $ -13.10 M | |
| End Period Cash Flow | $ 315.9 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 546.9 M | |
| Forward Revenue | $ 209.0 M | |
| COSTS | ||
| Cost Of Revenue | $ 415.8 M | |
| Depreciation | — | |
| Depreciation and Amortization | — | |
| Research and Development | $ 6.1 M | |
| Total Operating Expenses | $ 479.4 M | |
| PROFITABILITY | ||
| Gross Profit | $ 131.1 M | |
| EBITDA | $ 84.1 M | |
| EBIT | $ 59.2 M | |
| Operating Income | $ 67.5 M | |
| Interest Income | — | |
| Interest Expense | $ 13.3 M | |
| Net Interest Income | $ -13.30 M | |
| Income Before Tax | $ 45.9 M | |
| Tax Provision | $ 9.9 M | |
| Tax Rate | 21.569 % | |
| Net Income | $ 36.2 M | |
| Net Income From Continuing Operations | $ 37.3 M | |
| EARNINGS | ||
| EPS Estimate | $ 1.25 | |
| EPS Actual | $ 1.38 | |
| EPS Difference | $ 0.13 | |
| EPS Surprise | 10.4 % | |
| Forward EPS | $ 1.78 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 3.5 B | |
| Intangible Assets | $ 1.1 B | |
| Net Tangible Assets | $ 607.0 M | |
| Total Current Assets | $ 1.2 B | |
| Cash and Short-Term Investments | $ 321.3 M | |
| Cash | $ 315.9 M | |
| Net Receivables | $ 412.7 M | |
| Inventory | $ 357.9 M | |
| Long-Term Investments | $ 146.4 M | |
| LIABILITIES | ||
| Accounts Payable | $ 199.7 M | |
| Short-Term Debt | $ 12.2 M | |
| Total Current Liabilities | $ 543.4 M | |
| Net Debt | $ 650.3 M | |
| Total Debt | $ 966.2 M | |
| Total Liabilities | $ 1.7 B | |
| EQUITY | ||
| Total Equity | $ 1.7 B | |
| Retained Earnings | $ 2.5 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 55.70 | |
| Shares Outstanding | 31.028 M | |
| Revenue Per-Share | $ 17.63 | |
| VALUATION | Market Capitalization | $ 2.2 B |
| Enterprise Value | $ 2.8 B | |
| Enterprise Multiple | 33.353 | |
| Enterprise Multiple QoQ | 7.309 % | |
| Enterprise Multiple YoY | -268.05 % | |
| Enterprise Multiple IPRWA | high: 71.983 median: 71.983 mean: 66.394 MTX: 33.353 low: -174.02 |
|
| EV/R | 5.129 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.005 | |
| Asset To Liability | 2.034 | |
| Debt To Capital | 0.359 | |
| Debt To Assets | 0.279 | |
| Debt To Assets QoQ | 0.574 % | |
| Debt To Assets YoY | -3.862 % | |
| Debt To Assets IPRWA | high: 0.489 mean: 0.34 median: 0.305 MTX: 0.279 low: 0.143 |
|
| Debt To Equity | 0.559 | |
| Debt To Equity QoQ | -0.387 % | |
| Debt To Equity YoY | -9.41 % | |
| Debt To Equity IPRWA | high: 58.344 mean: 1.307 median: 0.682 MTX: 0.559 low: 0.203 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.25 | |
| Price To Book QoQ | 10.146 % | |
| Price To Book YoY | -3.798 % | |
| Price To Book IPRWA | high: 180.919 mean: 6.79 median: 5.848 low: 1.58 MTX: 1.25 |
|
| Price To Earnings (P/E) | 50.447 | |
| Price To Earnings QoQ | 2.258 % | |
| Price To Earnings YoY | -11.875 % | |
| Price To Earnings IPRWA | high: 181.363 mean: 107.322 median: 89.517 MTX: 50.447 low: -44.124 |
|
| PE/G Ratio | 5.825 | |
| Price To Sales (P/S) | 3.95 | |
| Price To Sales QoQ | 5.525 % | |
| Price To Sales YoY | -6.46 % | |
| Price To Sales IPRWA | high: 325.431 mean: 26.07 median: 25.686 low: 4.234 MTX: 3.95 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 38.639 | |
| Forward PE/G | 4.461 | |
| Forward P/S | 10.333 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -0.096 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.158 | |
| Asset Turnover Ratio QoQ | 5.174 % | |
| Asset Turnover Ratio YoY | 8.974 % | |
| Asset Turnover Ratio IPRWA | high: 0.306 MTX: 0.158 median: 0.101 mean: 0.098 low: 0.005 |
|
| Receivables Turnover | 1.346 | |
| Receivables Turnover Ratio QoQ | 5.365 % | |
| Receivables Turnover Ratio YoY | 8.235 % | |
| Receivables Turnover Ratio IPRWA | high: 2.12 median: 1.707 mean: 1.687 MTX: 1.346 low: 1.257 |
|
| Inventory Turnover | 1.174 | |
| Inventory Turnover Ratio QoQ | 6.128 % | |
| Inventory Turnover Ratio YoY | 9.584 % | |
| Inventory Turnover Ratio IPRWA | high: 2.893 mean: 2.278 median: 2.188 MTX: 1.174 low: 1.093 |
|
| Days Sales Outstanding (DSO) | 67.808 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 104.827 | |
| Cash Conversion Cycle Days QoQ | -4.197 % | |
| Cash Conversion Cycle Days YoY | -5.713 % | |
| Cash Conversion Cycle Days IPRWA | MTX: 104.827 high: 104.045 median: 40.054 mean: 26.14 low: -38.744 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.893 | |
| CapEx To Revenue | -0.042 | |
| CapEx To Depreciation | — | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 2.7 B | |
| Net Invested Capital | $ 2.7 B | |
| Invested Capital | $ 2.7 B | |
| Net Tangible Assets | $ 607.0 M | |
| Net Working Capital | $ 612.1 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.591 | |
| Current Ratio | 2.126 | |
| Current Ratio QoQ | 2.2 % | |
| Current Ratio YoY | 12.273 % | |
| Current Ratio IPRWA | MTX: 2.126 high: 2.097 mean: 1.014 low: 0.828 median: 0.828 |
|
| Quick Ratio | 1.468 | |
| Quick Ratio QoQ | 1.219 % | |
| Quick Ratio YoY | 12.356 % | |
| Quick Ratio IPRWA | high: 1.567 MTX: 1.468 mean: 0.838 low: 0.693 median: 0.693 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 11.489 | |
| Cost Of Debt | 1.056 % | |
| Interest Coverage Ratio | 4.451 | |
| Interest Coverage Ratio QoQ | -3.496 % | |
| Interest Coverage Ratio YoY | -138.992 % | |
| Interest Coverage Ratio IPRWA | high: 40.21 median: 40.21 mean: 33.683 MTX: 4.451 low: -1.174 |
|
| Operating Cash Flow Ratio | 0.051 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 44.77 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 9.784 | |
| Dividend Payout Ratio | 0.102 | |
| Dividend Rate | $ 0.12 | |
| Dividend Yield | 0.002 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -0.107 % | |
| Revenue Growth | 5.274 % | |
| Revenue Growth QoQ | -317.664 % | |
| Revenue Growth YoY | -203.901 % | |
| Revenue Growth IPRWA | high: 108.664 % MTX: 5.274 % mean: 0.906 % median: 0.194 % low: -13.852 % |
|
| Earnings Growth | 8.661 % | |
| Earnings Growth QoQ | -147.944 % | |
| Earnings Growth YoY | -136.088 % | |
| Earnings Growth IPRWA | high: 200.0 % MTX: 8.661 % median: 3.095 % mean: -1.792 % low: -314.286 % |
|
| MARGINS | ||
| Gross Margin | 23.971 % | |
| Gross Margin QoQ | 0.025 % | |
| Gross Margin YoY | -1.431 % | |
| Gross Margin IPRWA | high: 48.491 % median: 48.491 % mean: 37.82 % MTX: 23.971 % low: -660.698 % |
|
| EBIT Margin | 10.825 % | |
| EBIT Margin QoQ | -5.483 % | |
| EBIT Margin YoY | -132.842 % | |
| EBIT Margin IPRWA | high: 29.415 % median: 28.391 % mean: 23.673 % MTX: 10.825 % low: -437.582 % |
|
| Return On Sales (ROS) | 12.342 % | |
| Return On Sales QoQ | -3.586 % | |
| Return On Sales YoY | -137.444 % | |
| Return On Sales IPRWA | high: 27.058 % median: 27.058 % mean: 16.572 % MTX: 12.342 % low: -1012.721 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 9.0 M | |
| Free Cash Flow Yield | 0.417 % | |
| Free Cash Flow Yield QoQ | -74.589 % | |
| Free Cash Flow Yield YoY | -138.152 % | |
| Free Cash Flow Yield IPRWA | high: 2.605 % MTX: 0.417 % median: 0.398 % mean: 0.364 % low: -3.541 % |
|
| Free Cash Growth | -71.787 % | |
| Free Cash Growth QoQ | 167.513 % | |
| Free Cash Growth YoY | -53.283 % | |
| Free Cash Growth IPRWA | high: 9.648 % median: -42.875 % mean: -56.996 % MTX: -71.787 % low: -204.437 % |
|
| Free Cash To Net Income | 0.249 | |
| Cash Flow Margin | 5.065 % | |
| Cash Flow To Earnings | 0.765 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 1.044 % | |
| Return On Assets QoQ | -2.793 % | |
| Return On Assets YoY | -124.634 % | |
| Return On Assets IPRWA | high: 3.27 % median: 2.145 % mean: 1.938 % MTX: 1.044 % low: -3.698 % |
|
| Return On Capital Employed (ROCE) | 2.026 % | |
| Return On Equity (ROE) | 0.021 | |
| Return On Equity QoQ | -3.501 % | |
| Return On Equity YoY | -123.252 % | |
| Return On Equity IPRWA | high: 0.048 median: 0.048 MTX: 0.021 mean: 0.007 low: -4.504 |
|
| DuPont ROE | 2.104 % | |
| Return On Invested Capital (ROIC) | 1.723 % | |
| Return On Invested Capital QoQ | -2.435 % | |
| Return On Invested Capital YoY | -133.587 % | |
| Return On Invested Capital IPRWA | high: 4.166 % median: 2.94 % mean: 2.741 % MTX: 1.723 % low: 0.723 % |
|