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Materion cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$57.7M in Q3 2026 · $103M over twelve months

Operating cash flow$72.2M
Capital spending−$14.5M
Free cash flow+$57.7M
Cash / net income1.9×
Cash conversion cycle101 days

Analysis

In Q3 2026, Materion generated $72.2M of operating cash flow and spent $14.5M on capital projects, leaving free cash flow of $57.7M.

Over the twelve months to Oct 2, 2026, operating cash flow was $162M; the largest uses were capital spending ($58.8M), net borrowing (+) / repaid (−) ($54.7M), other investing ($19.9M); the cash balance fell by $1.0M.

Operating cash flow was $72.2M against net income of $38.3M — 1.9× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$19.7M, prepaid and other assets +$12.3M, payables +$10.9M.

Its cash conversion cycle was 101 days (receivables 42 + inventory 96 − payables 37).

Free cash flow

Materion: free cash flow by quarterMaterion: free cash flow by quarter$58.3MQ4 2024$3.2MQ1 2025$49.9MQ2 2025$4.5MQ3 2025$5.0MQ4 2025−$19.6MQ1 2026$74.8MQ2 2026$57.7MQ3 2026
Operating cash flow less capital spending.
Materion: operating cash flow against capital spendingMaterion: operating cash flow against capital spendingOperating cash flowCapital spending$76.3M$17.9MQ4 2024$15.5M$12.3MQ1 2025$49.9M$0Q2 2025$18.3M$13.7MQ3 2025$19.5M$14.5MQ4 2025−$4.3M$15.3MQ1 2026$74.8M$0Q2 2026$72.2M$14.5MQ3 2026
Latest (Q3 2026): Operating cash flow $72.2M, Capital spending $14.5M.

Capital allocation, year by year

Materion: where the cash came from (up) and went (down), by fiscal yearMaterion: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $90.2MFY2021: Net borrowing $413MFY2021: Asset sales $881KFY2021: Capital spending −$103MFY2021: Acquisitions −$392MFY2021: Dividends −$9.7M$505MFY2021FY2022: Operating cash flow $116MFY2022: Net borrowing −$21.8MFY2022: Asset sales $850KFY2022: Capital spending −$77.6MFY2022: Acquisitions −$3.0MFY2022: Dividends −$10.2M$117MFY2022FY2023: Operating cash flow $144MFY2023: Net borrowing −$9.0MFY2023: Asset sales $654KFY2023: Capital spending −$111MFY2023: Dividends −$10.6M$145MFY2023FY2024: Operating cash flow $87.8MFY2024: Net borrowing $15.3MFY2024: Asset sales $1.2MFY2024: Capital spending −$68.6MFY2024: Dividends −$11.1M$104MFY2024FY2025: Operating cash flow $103MFY2025: Net borrowing $15.1MFY2025: Asset sales $932KFY2025: Capital spending −$53.3MFY2025: Acquisitions −$19.5MFY2025: Buybacks −$7.8MFY2025: Dividends −$11.5M$119MFY2025
Over these 5 years operating cash flow totalled $542M; the largest uses were acquisitions ($415M) and capital spending ($413M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$15.4M
Debt$418M
Net debt$403M
Due within a year$22.4M

Materion funds itself: free cash flow was $103M over the last twelve months, and $15.4M of cash and investments stands against $418M of debt ($22.4M due within a year, 0.7× covered by cash).

Materion: debt maturities by year (FY2025)Materion: debt maturities by year (FY2025)$22.4MYear 1$8.7MYear 2$11.5MYear 3$11.3MYear 4$407MYear 5
Principal due in each year as disclosed in the annual report, against $15.4M of cash and investments now.

Where the cash came from and went

Materion: sources (+) and uses (−) of cash, Q3 2026Materion: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$72.2MNet borrowing (+) / repaid (−)−$44.1MCapital spending−$14.5MOther investing−$11.9MCash drawn (+) / kept (−)$4.6MTaxes on employees’ shares−$3.7MDividends−$3.0MExchange rates$388K
Materion: sources (+) and uses (−) of cash, TTM to Q3 2026Materion: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$162MCapital spending−$58.8MNet borrowing (+) / repaid (−)−$54.7MOther investing−$19.9MDividends−$11.9MTaxes on employees’ shares−$11.6MOther financing−$6.1MCash drawn (+) / kept (−)$1.0MExchange rates−$189K

From profit to cash

Materion: net income to operating cash flow, Q3 2026Materion: net income to operating cash flow, Q3 2026Net income$38.3MDepreciation & amortization$19.7MStock-based pay$3.9MDeferred taxes−$562KReceivables−$7.6MInventory−$2.3MPayables$10.9MDeferred revenue$1.3MPrepaid and other assets$12.3MOperating cash flow$72.2M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 2026429637101
Q2 202639883493
Q1 2026419534103
Q4 20254110532113
Q3 20254011635121
Q2 20254411535124
Q1 20254311131123
Q4 20244412733139

Every quarter

QuarterOperating cash flowCapital spendingDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$72.2M−$14.5M−$3.0M−$44.1M$4.6M$57.7M
Q2 2026$74.8M—−$3.0M−$153K−$3.8M$74.8M
Q1 2026−$4.3M−$15.3M−$2.9M$31.1M−$2.5M−$19.6M
Q4 2025$19.5M−$14.5M−$2.9M$3.2M$2.7M$5.0M
Q3 2025$18.3M−$13.7M−$2.9M$31.1M−$3.8M$4.5M
Q2 2025$49.9M—−$2.9M−$143K$3.0M$49.9M
Q1 2025$15.5M−$12.3M−$2.8M$8.5M$1.1M$3.2M
Q4 2024$76.3M−$17.9M−$2.8M−$45.5M$1.2M$58.3M

Materion: income statement and cash flow

Materion, Q3 2026: revenue $567M (+28% year over year), operating margin 8.9%. The chart follows the revenue to costs, profit and cash.

Materion: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.