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Processes specialty minerals (limestone, bentonite) for paper, environmental and household/personal care applications.
Processes specialty minerals (limestone, bentonite) for paper, environmental and household/personal care applications.
Sells minerals by volume. Precipitated calcium carbonate, a filler made from limestone, is produced in plants built beside paper mills under long contracts, so a mill's output sets its volume. The 2014 purchase of AMCOL added bentonite clay for pet litter, drilling fluids and metal-casting moulds. Declining printing-paper demand pushes it toward packaging and other uses.
Moat: narrow (process know-how, installed base, customer qualification). On-site precipitated calcium carbonate satellite plants at paper mills create sticky, long-term customer relationships.
Headquarters: New York City, US · Founded: 1992 · Employees: 3,782
Size Minerals Technologies (MTX) is a United States Materials company (Chemicals: Specialty) with a market value of $1.91B, the 1826th largest of 3,117 United States companies the cockpit tracks. Shares closed at $61.63 on 6 Nov 2026.
Performance Over six months the shares fell 22.5%, against -28.3% for the median peer and -1.1% for the United States market (cap-weighted) — 9th highest of 20 in its peer set.
Growth Revenue grew 4.8% over the last twelve months (peer median +18.1%); the operating margin is 12.9% (peer median 7.1%).
Valuation It trades at 9.8× forward earnings against a peer median of 16.1× (3rd cheapest of 18).
Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.1 points above its cost of capital (8.9% WACC).
Short interest Short interest is 2.5% of the free float (15 Oct 2026).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.17B | $2.07B | $2.12B | $2.17B | $2.13B |
| Revenue growth | — | -2% | -2% | +2% | — |
| Gross profit | $519M | $507M | $536M | $494M | $452M |
| EBITDA | $392M | $392M | $393M | $387M | $356M |
| Net income | -$67.6M | -$18.4M | $167M | $84.1M | $122M |
| Free cash flow | $129M | $86.6M | $147M | $140M | $23.4M |
| Capital expenditure | $107M | $107M | $89.5M | $93.5M | $82.3M |
| Total debt | $958M | $1.01B | $1.02B | $1.07B | $1.12B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Minerals Technologies MTX | $1.91B | -22% | +5% | 13% | 9.8× | 0.5% |
| Imerys NK.PA | $2.41B | +11% | -2% | 6% | 15.4× | 7.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | MTX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.7% | -13.3% | 6th highest of 21 |
| 6-month return | -22.5% | -28.3% | 9th highest of 20 |
| Distance from 52-week high | -26.9% | -54.0% | 3rd highest of 21 |
| Revenue growth (TTM) | +4.8% | +18.1% | 7th lowest of 20 |
| Operating margin | 12.9% | 7.1% | 7th highest of 21 |
| Forward P/E | 9.8× | 16.1× | 3rd cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | 0.5% | 10.1% | 3rd least demanding of 11 |
| Growth delivered (Del g) | +5.4% | +6.4% | 5th lowest of 11 |
| Hurdle (Req g minus delivered) | -4.9 pp | +8.7 pp | 4th least demanding of 11 |
| ROIC minus cost of capital | +1.1 pp | -1.4 pp | 9th highest of 21 |
| EV / EBITDA | 6.4× | 10.9× | 2nd cheapest of 8 |
| Net debt / EBITDA | 1.5× | -1.0× | 3rd most indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Minerals Technologies MTX | United States | $1.91B | -22% | +5% | 13% | 9.8× | 0.5% | +5.4% |
| Lily 603823.SS | China | $1.91B | +85% | +2% | 10% | 58.1× | 27.9% | +1.4% |
| Guangdong Huate Gas 688268.SS | China | $1.92B | -47% | +27% | 13% | 56.1× | 35.6% | +7.2% |
| Chemours CC | United States | $1.92B | -45% | -1% | 3% | 8.2× | 16.1% | +3.2% |
| Standard Nuclear STDN | United States | $1.90B | n/a | n/a | -288% | n/a | n/a | n/a |
| Lianhe Chemical Technology 002250.SZ | China | $1.90B | -16% | +28% | 13% | 19.7× | -3.4% | +6.1% |
| Ube 4208.T | Japan | $1.94B | +33% | +3% | 4% | 12.0× | n/a | n/a |
| Garware Hi-Tech Films GRWRHITECH.NS | India | $1.88B | +40% | +15% | 21% | 37.7× | 38.8% | +16.6% |
| Verbio VBK.DE | Germany | $1.88B | -37% | +19% | 5% | 13.2× | 1.1% | +12.8% |
| Inner Mongolia Shuangxin Environment-Friendly Material 001369.SZ | China | $1.87B | -28% | +3% | 15% | n/a | n/a | n/a |
| Zibo Qixiang Tengda Chemical 002408.SZ | China | $1.87B | -33% | +18% | -1% | 220.0× | 3.7% | -0.8% |
| Transfar Zhilian 002010.SZ | China | $1.87B | -21% | -30% | 5% | 16.1× | n/a | n/a |
| Ganzhou Teng Yuan Cobalt New Material 301219.SZ | China | $1.85B | -53% | +64% | 10% | 12.5× | n/a | n/a |
| Jiangsu Lopal Tech 603906.SS | China | $1.82B | -54% | +96% | 7% | 14.7× | n/a | n/a |
| Dongyue 0189.HK | Hong Kong | $2.04B | -28% | +8% | 19% | 5.6× | -12.4% | +6.6% |
| Fuso Chemical 4368.T | Japan | $1.79B | -19% | +17% | 26% | 13.1× | 8.4% | +12.8% |
| Ningbo Ronbay New Energy Technology 688005.SS | China | $2.05B | -45% | +41% | 1% | 37.8× | n/a | n/a |
| Crystal Clear Electronic Material 300655.SZ | China | $1.75B | -25% | +27% | 7% | 78.2× | n/a | n/a |
| Shaanxi Beiyuan Chemical Industry 601568.SS | China | $2.11B | -9% | -8% | -4% | 11.8× | 11.8% | -1.8% |
| Tangshan SunFar Silicon Industries 603938.SS | China | $1.72B | +6% | +30% | 8% | 42.8× | n/a | n/a |
| SKC 011790.KS | South Korea | $2.14B | -46% | +24% | -9% | n/a | n/a | n/a |