Forensic Analysis · Machinery & Fabricated Metal Products · as of Nov 8, 2026

Materion Corp (MTRN)

A forensic read on Materion Corp built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

B · Sound & dependable

Forensic grade

Safe

Financial health

5.2

Distress distance

Clean

Earnings quality

Forensic signals

8.3%

ROE

6.0%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Materion Corp earns a B (Sound & dependable) forensic quality grade, and its balance-sheet distress test reads 5.2, placing it in the Safe zone. 2 forensic signals were flagged in its latest SEC filings, led by return on invested capital.

What the filings flag

6.5%

FY2025

Return on invested capital. Return on invested capital is 6.5% in the latest fiscal year, against 7.9% in FY2023, having run between 2.0% and 7.9% across FY2023–FY2025 with no direction held. After-tax operating profit was $121M in FY2023 and $99M in FY2025, with operating income at 8.2% of revenue in FY2023, 2.8% in FY2024 and 6.1% in FY2025. The capital base behind it went from $1.5B in FY2023 to $1.5B in FY2025 (-1%), while the revenue it carried went from $1.7B to $1.8B. FY2024's operating profit carried a $73M asset write-down, a $56M goodwill write-off and a $7M restructuring charge that alone took about 5.9 points off that year's return; FY2024 sits between the two ends of FY2023–FY2025, so the charge shapes the path between them without moving the change across it. A non-cash write-down lowers the reported return in the year it lands.

$56M

FY2024

Goodwill impairments. Took $56M of goodwill writedowns across 1 year (FY2024 ($56M)) — about 952% of net income over the span. A large writedown means an acquisition turned out worth far less than was paid — a real mark against M&A discipline.

Key fundamentals

Latest Revenue$1.79B

Revenue Growth YoY+6.0%

Revenue CAGR (2yr)+3.6%

Net Margin4.2%

Free Cash Flow$50.0M

Return on Equity8.3%

Debt / Equity0.53x

The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Materion Corp's actual 10-K/10-Q/8-K filings?

Generate the AI investment read →

No credit card · informational only, not investment advice · see the track record

← Browse all forensic stock analyses

Data from SEC EDGAR public filings · metrics as of Nov 8, 2026. Forensic signals flag probability, not certainty.

See a wrong number? Report an error with the filing it should match.