Materion Corporation — Earnings Quality Grade F
MTRN · Basic Materials
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 46 days, change +4 days YoY
AR growth 15.0% exceeds revenue growth 6.0%
Revenue 6.0%, CFFO 17.6%. Cash follows revenue
Expense Quality
Inventory 4.5% vs COGS 8.8%. Normal
CapEx growth -1.5% vs revenue 6.0%. Normal
SG&A/Gross Profit = 46.4%. Normal
Gross margin 17.3%, change -2.1pp. Stable
Cash Flow Quality
CFFO/NI = 1.38. Profits backed by cash
FCF < 50% of Net Income for 2 years
Accruals ratio = -1.6%. Low accruals
Cash $0.0B covers only 3% of debt $0.5B
Balance Sheet Health
Goodwill+Intangibles $0.4B = 41% of equity
Debt/EBITDA = 2.9x. Healthy
Other assets -2.8% vs revenue 6.0%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 4% YoY. Normal
Manipulation Score
M-Score = -2.36 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25