Forensic Analysis · General / Diversified · as of Jun 28, 2026
M-tron Industries, Inc. (MPTI)
A forensic read on M-tron Industries, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
A · High-quality compounder
Forensic grade
Safe
Financial health
20.0
Altman Z-score
Clean
Earnings quality
2
Forensic signals
43.9
P / E (ttm)
17.7%
ROE
$404M
Market cap
M-tron Industries, Inc. earns a A (High-quality compounder) forensic quality grade, and its Altman Z-score is 20.0, placing it in the Safe zone. 2 forensic signals were flagged in its latest SEC filings, led by accruals ratio.
What the filings flag
+77.7%Accruals ratio.Net operating assets grew +77.7% relative to their average in FY2025 — the accrual component of earnings. Accruals are building sharply — a large slice of profit sits in operating assets, not cash; Richardson/Sloan link high accruals to weaker future returns as they reverse. The cash-flow cross-check agrees: reported earnings ran behind operating cash by -7% of net operating assets.
+6.8%/yrShare-count dilution.Diluted share count changed +21% over the last 3 years to FY2025 (+6.8%/yr). The count is GROWING — existing holders are being diluted. That's ~6.8% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2022 has been diluted ~21%.
Key fundamentals
Net Margin15.5%
Debt / Equity0.00x
Free Cash Flow$8.1M
Latest Revenue$54.4M
Return on Equity13.4%
Revenue Growth YoY+11.0%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on M-tron Industries, Inc.:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about MPTI's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown