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Materion

Engineered materials company

Materion Corp. is a multinational company specializing in high-performance advanced materials.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

1931Founded1

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  • TickerMTRN on NYSE1
  • IndustryMetal Forgings & Stampings1
  • HeadquartersMayfield Heights1
  • Websitematerion.com
  • Legal formcorporation1
  • Incorporated inOH4
  • Business address6070 Parkland Blvd., Mayfield Hts., Oh 441244
  • Filer categoryLarge accelerated filer4
9th Bengaluru Space Expo 2026, Bangalore International Exhibition Centre 301
Photo: Gpkp, CC BY-SA 4.0, via Wikimedia Commons6

Materion Corp. is a multinational company specializing in high-performance advanced materials. Among its products are advanced beryllium metals, thin film deposition materials, high-performance alloys and composites, specialty engineered beryllium, engineered metals, technical ceramics, tantalum, niobium, other precious and non-precious metals, inorganic chemicals, and specialty coatings.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

17.3%Gross margin7
6.1%Operating margin7
4.2%Net margin7
6.0%Revenue growth, 20257
7.9%Return on equity7
0.46×Debt to equity7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Semiconductor brought in 49% of the revenue Materion broke down this way in fiscal 2025.

  1. Semiconductor$867.6M749%up 21% from 2024
  2. Aerospace and Defense$213.8M712%down 3% from 2024
  3. Industrial Components$192.3M711%up 3% from 2024
  4. Consumer Electronics$168.9M79%down 30% from 2024
  5. Energy$123.7M77%up 12% from 2024
  6. Other End Market$96.4M75%up 32% from 2024
  7. Automotive Electronics$77.0M74%down 9% from 2024
  8. Life Sciences$46.8M73%down 7% from 2024
Products and services by year
Products and services202320242025
Semiconductor$661.4M$716.8M$867.6M
Aerospace and Defense$175.9M$220.0M$213.8M
Industrial Components$210.5M$186.7M$192.3M
Consumer Electronics$237.1M$242.6M$168.9M
Energy$140.2M$110.5M$123.7M
Other End Market$92.7M$73.3M$96.4M
Automotive Electronics$101.0M$84.9M$77.0M
Life Sciences$46.3M$50.1M$46.8M

Business segments

Electronic Materials brought in 57% of the revenue Materion broke down this way in fiscal 2025.

  1. Electronic Materials$1.0B757%up 19% from 2024
  2. Performance Materials$675.9M738%down 9% from 2024
  3. Precision Optics$100.7M76%up 7% from 2024
Business segments by year
Business segments202320242025
Electronic Materials$805.8M$845.7M$1.0B
Performance Materials$755.5M$744.5M$675.9M
Precision Optics$103.9M$94.5M$100.7M

Regions

United States brought in 32% of the revenue Materion broke down this way in fiscal 2025.

  1. United States$579.2M732%down 20% from 2024
  2. Asia$576.5M732%up 13% from 2024
  3. Europe$570.6M732%up 32% from 2024
  4. All Other Countries$60.3M73%up 145% from 2024
Regions by year
Regions202320242025
United States$815.4M$720.4M$579.2M
Asia$406.1M$508.3M$576.5M
Europe$422.0M$431.3M$570.6M
All Other Countries$21.6M$24.6M$60.3M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue83¢$1.5B
  • Research and development1¢$25.9M
  • Selling, general and admin8¢$143.1M
  • Other costs3¢$58.1M
  • Income tax0¢$6.7M
  • Profit4¢$74.8M

Out of $1.8B in revenue.7

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid11¢$11.5M
  • Share buybacks8¢$7.8M
  • Kept or used elsewhere81¢$83.9M

Out of $103.2M of cash from operations.7

Financial statements

Revenue8910117$1.8B in 2025+51% since 2019
0$500.0M$1.0B$1.5B$2.0B2019: $1.2B$1.2B20192020: $1.2B$1.2B2020−1%2021: $1.5B$1.5B2021+28%2022: $1.8B$1.8B2022+16%2023: $1.7B$1.7B2023−5%2024: $1.7B$1.7B2024+1%2025: $1.8B$1.8B2025+6%
Gross profit8910117$308.6M in 2025+17% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $262.7M$262.7M20192020: $192.6M$192.6M2020−27%2021: $283.8M$283.8M2021+47%2022: $343.9M$343.9M2022+21%2023: $349.0M$349.0M2023+2%2024: $326.0M$326.0M2024−7%2025: $308.6M$308.6M2025−5%
Operating income8910117$109.8M in 2025+56% since 2019
0$50.0M$100.0M$150.0M2019: $70.5M$70.5M20192020: $8.2M$8.2M2020−88%2021: $77.1M$77.1M2021+839%2022: $119.8M$119.8M2022+55%2023: $136.4M$136.4M2023+14%2024: $47.2M$47.2M2024−65%2025: $109.8M$109.8M2025+133%
Net income8910117$74.8M in 2025+40% since 2019
0$25.0M$50.0M$75.0M$100.0M2019: $53.4M$53.4M20192020: $15.5M$15.5M2020−71%2021: $72.5M$72.5M2021+369%2022: $86.0M$86.0M2022+19%2023: $95.7M$95.7M2023+11%2024: $5.9M$5.9M2024−94%2025: $74.8M$74.8M2025+1171%

Every line of the income statement in the latest annual report, as filed.7

Period ending2025-12-312024-12-312023-12-31
Net sales$1.8B$1.7B$1.7B
Cost of sales$1.5B$1.4B$1.3B
Gross margin$308.6M$326.0M$349.0M
Selling, general, and administrative expense$143.1M$145.6M$157.9M
Research and development expense$25.9M$29.0M$27.5M
Goodwill impairment$0$56.1M$0
Long-lived asset impairment$0$17.1M$0
Loss on asset disposal$6.4M$0
Restructuring expense (Note E)$3.2M$6.8M$3.8M
Other net (Note F)$26.7M$17.7M$23.3M
Operating profit$109.8M$47.2M$136.4M
Other non-operating (income) expense net (Note P)-$2.4M-$2.4M-$2.7M
Interest expense net (Note G)$30.7M$34.8M$31.3M
Total income (loss) before income taxes$81.5M$14.9M$107.8M
Income tax expense (Note H)$6.7M$9.0M$12.1M
Net income$74.8M$5.9M$95.7M
Net income per share of common stock (in dollars per share)$3.61$0.28$4.64
Net income per share of common stock (in dollars per share)$3.58$0.28$4.58
Basic (in shares)20.8M shares20.7M shares20.6M shares
Diluted (in shares)20.9M shares20.9M shares20.9M shares

Compare Materion with another company

The story

Founded by Charles Baldwin Sawyer in 1931.1

Brush Laboratories was founded in 1921 by Charles Brush Jr. and Dr. Charles Baldwin Sawyer, with a focus on extracting beryllium ore and producing beryllium metal, oxide and master alloys. Following the death of Charles Brush Jr. in 1927, the company became the Brush Beryllium Company, led by Dr. Sawyer and Swedish chemical engineer Bengt Kjellgren.

The Brush Beryllium Company was officially incorporated in Cleveland, Ohio, on January 9, 1931. In 1935, the company relocated its production operations to Lorain, Ohio.

A significant setback occurred in 1948 when a fire at the Lorain facility forced the company to cease copper beryllium production. To replace the lost capacity, Brush opened a new alloy production facility in Elmore, Ohio, in 1953.

In 1961, Commander Alan B. Shepard became the first American to make a flight into space. Brush produced materials that provided the re-entry surface of his capsule. Decades later in 2005, Brush would produce and deliver materials to be used in the primary mirror in NASA’s James Webb Space Telescope.

In 1971, Brush made its first major acquisition by purchasing the Wellman division of Abex Corporation. That same year, shareholders approved a name change from Brush Beryllium to Brush Wellman. The company was first listed on the New York Stock Exchange in 1972.

Expansion continued throughout the 1980s and 1990s, with new plants and offices established in the United States (Tucson, Arizona; Lincoln, Rhode Island; Buffalo, New York; Brewster, New York) Germany, the U.K., Japan and Singapore, along with a new facility in Lorain, Ohio.

In 2000, Brush Wellman Inc., along with Technical Materials Inc., Zentrix Technologies, Williams Advanced Materials and various international subsidiaries, were consolidated under a new holding company, Brush Engineered Materials Inc. The company continued to expand through acquisitions in Ireland; Milwaukee, Wisconsin; Westford, Massachusetts and Albuquerque, New Mexico.

On March 8, 2011, the company unified its operations under a single name, Materion Corporation. The following year, Materion acquired a facility in Farnborough, England, and expanded further with the acquisition of a site in Hanau, Germany, in 2017. In 2020, Materion continued its growth with the acquisition of Optics Balzers, and in 2021 the acquisition of the electronic materials business of HC Starck along with a facility in Newton, Massachusetts.

Read the full text

In March 2017, Jugal K. Vijayvargiya was appointed President and Chief Executive Officer. He was also named a director of the corporation.

From Wikipedia’s article on Materion, shared under CC BY-SA 4.0.5

Leadership

Who has led Materion, and when. Pick a name to see everywhere that person has worked.

Employees over time

  • 20213,1001

Former names

  • BRUSH ENGINEERED MATERIALS INCMay 16, 2000 to Mar 3, 20114
  • Brush Engineered Materials Inc.2000 to Mar 8, 20111
  • Brush Wellman Inc.1971 to 20001
  • Brush Beryllium Company1931 to 19711

Timeline

  1. Mar 8, 2011Renamed Name changed to Materion Corporation1
  2. 2000Renamed Name changed to Brush Engineered Materials Inc.1
  3. 1971Renamed Name changed to Brush Wellman Inc.1
  4. 1931Founded Founded1

Recent filings

  1. Sep 9, 20264
  2. Sep 9, 20264
  3. Sep 9, 20264
  4. Sep 9, 20264
  5. Sep 9, 20264
  6. Sep 9, 20264
  7. Sep 9, 20264
  8. Sep 9, 20264
  9. Sep 9, 20264
  10. Sep 3, 20264
  11. Sep 1, 20264
  12. Sep 1, 2026144
  13. Aug 31, 20264
  14. Aug 25, 20264
  15. Aug 18, 2026144

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2