ValueScreener

ValueScreener company report

M-tron Industries, Inc. (MPTI)

AMEX / Technology / Hardware, Equipment & Parts

Share price

67.48 USD Market dataClose of Oct 15, 2026

Market capitalisation

293.3M USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2025, filed Mar 26, 2026
Ratios computed
Oct 15, 2026
Filed years
5, FY2021 to FY2025
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on equity

13.4% Computed

From the FY2025 filing

Read quality

Valuation

Price to earnings

23.66x Computed

FY2025 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

3.6% Computed

FY2025 accounts, priced at the latest close

Read cash generation

Revenue and net income, by fiscal year

FY2020 Revenue: 30.0M USDFY2020 Net income: 2.3M USDFY2021 Revenue: 26.7M USDFY2021 Net income: 1.6M USDFY2022 Revenue: 31.8M USDFY2022 Net income: 1.8M USDFY2023 Revenue: 41.2M USDFY2023 Net income: 3.5M USDFY2024 Revenue: 49.0M USDFY2024 Net income: 7.6M USDFY2025 Revenue: 54.4M USDFY2025 Net income: 8.4M USD
Revenue Net income6 fiscal years; a year whose statement names no SEC filing is market data, and the table in Filings says which.
Named tests met
0 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 23.66x at the close of 2026-10-15 on FY2025 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits between 15.00x and 25.00x.

Today, against the Hardware, Equipment & Parts industry (47 companies), 23.66x sits at the 20th percentile; the middle half of that group runs from 27.74x to 71.43x.

Is it good

Return on equity was 13.4% in FY2025, in the band labelled "Ordinary" (8.0% to 15.0%), on lines anchored on Damodaran's cost-of-capital data.

Today, against the Hardware, Equipment & Parts industry (74 companies), 13.4% sits at the 74th percentile; the middle half of that group runs from -18.5% to 13.5%.

Is it safe

Current ratio was 12.52 in FY2025, in the band labelled "At or above Graham's requirement" (2.00 and above), on lines anchored on Graham's defensive-investor criteria, suggesting short-term assets well above short-term obligations.

Today, against the Hardware, Equipment & Parts industry (75 companies), 12.52 sits at the 95th percentile; the middle half of that group runs from 1.72 to 3.88.

Year by year against peers
Whether M-tron Industries, Inc.'s return on equity stayed above the median of the Hardware, Equipment & Parts industry, year by year. (FY2020 to FY2025, 6 fiscal years of M-tron Industries, Inc. with a comparable figure)
The direction
Which way M-tron Industries, Inc.'s return on equity has moved, and how steadily. (FY2020 to FY2025, 6 filed years of M-tron Industries, Inc.)
What could explain it
What in M-tron Industries, Inc.'s filed statements could explain the movements. (5 readings drawn from the statement lines M-tron Industries, Inc. filed)
What to check next
What to check next on M-tron Industries, Inc., and where in its filings. (2 questions for M-tron Industries, Inc.)
In one paragraph
One paragraph on M-tron Industries, Inc.'s returns, cash, balance sheet and price. (9 of sixteen figures read for M-tron Industries, Inc.)

These are MPTI’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research MPTIPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2025 annual report: 10-K, filed Mar 26, 2026, accession 0001437749-26-009844.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

M-tron Industries, Inc: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax
Why n/a

The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read.

n/a ComputedFY2025 10-K, filed Mar 26, 2026, 0001437749-26-009844
Return on equity13.4% ComputedFY2025 10-K, filed Mar 26, 2026, 0001437749-26-009844
Return on capital employed, pre-tax16.2% ComputedFY2025 10-K, filed Mar 26, 2026, 0001437749-26-009844
Return on assets12.3% ComputedFY2025 10-K, filed Mar 26, 2026, 0001437749-26-009844
Gross margin
Why n/a

Our archived statements for this filer carry no gross profit line, so there is nothing to compute a gross margin from and trace back to source. That may be because the filer presents no cost of revenue, or because we have not captured the concept. We do not guess which.

n/a ComputedFY2025 10-K, filed Mar 26, 2026, 0001437749-26-009844
Operating margin18.9% ComputedFY2025 10-K, filed Mar 26, 2026, 0001437749-26-009844
Net margin15.5% ComputedFY2025 10-K, filed Mar 26, 2026, 0001437749-26-009844
MPTI 15.5%
RELL 2.8%SOTK 8.6%CPSH 1.3%OPTX -6.4%WRAP -221.2%
-221.2%15.5%
Net margin: MPTI against the 5 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

M-tron Industries, Inc: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity
Why n/a

The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read.

n/a ComputedFY2025 10-K, filed Mar 26, 2026, 0001437749-26-009844
Current ratio12.52 ComputedFY2025 10-K, filed Mar 26, 2026, 0001437749-26-009844
Quick ratio10.54 ComputedFY2025 10-K, filed Mar 26, 2026, 0001437749-26-009844
Interest coverage
Why n/a

No interest expense is filed for this year, so coverage is not computed.

n/a ComputedFY2025 10-K, filed Mar 26, 2026, 0001437749-26-009844
Altman Z-score28.75 ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 26, 2026, 0001437749-26-009844
Net debt
Why n/a

The FY2025 balance sheet carries no net debt we could read.

n/a ComputedFY2025 10-K, filed Mar 26, 2026, 0001437749-26-009844
Total assets 68.4MTotal liabilities 5.2MShareholders' equity 63.2MOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What M-tron Industries, Inc owned and owed at the end of fiscal 2025, from the balance sheet it filed (10-K, filed Mar 26, 2026, 0001437749-26-009844).

M-tron Industries, Inc: balance sheet position
Total assets68.4M FiledFY2025 10-K, filed Mar 26, 2026
Total liabilities5.2M FiledFY2025 10-K, filed Mar 26, 2026
Shareholders' equity63.2M FiledFY2025 10-K, filed Mar 26, 2026
Cash20.9M FiledFY2025 10-K, filed Mar 26, 2026
Total debtn/a FiledFY2025 10-K, filed Mar 26, 2026
Net debtn/a
Current ratio12.52
Debt to equityn/a
  • Debt to equity: FY2025: The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read.
  • Interest cover: FY2025: No interest expense is filed for this year, so coverage is not computed.

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

M-tron Industries, Inc: what the market charges, each with its source
FigureValue, source and document
Price to earnings23.66x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 26, 2026, 0001437749-26-009844
P/E on trailing twelve months26.45x ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book3.55x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 26, 2026, 0001437749-26-009844
Price to sales4.12x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 26, 2026, 0001437749-26-009844
Enterprise value to EBIT
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 26, 2026, 0001437749-26-009844
Enterprise value to EBITDA
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 26, 2026, 0001437749-26-009844
Price to earnings over growth0.50 ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 26, 2026, 0001437749-26-009844
Diluted earnings per share2.54 USD FiledFY2025 10-K, filed Mar 26, 2026, 0001437749-26-009844
Graham number34.92 USD ComputedFY2025 10-K, filed Mar 26, 2026, 0001437749-26-009844

We publish no fair value or price target of our own. Value MPTI on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for M-tron Industries, Inc today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

M-tron Industries, Inc: valuation
Share price67.48 USD
Market capitalisation293.3M USD
Enterprise value to EBITDAn/a
Graham number34.92 USD
Diluted earnings per share, FY20252.54 USD

Diluted earnings per share, FY2025: 2.62 as filed, 2.5412 after the 1031-for-1000 split on 27 Mar 2026.

Price to earnings on trailing twelve months, a different basis from the fiscal-year P/E above, since May 11, 2023: low 10.79x, median 22.61x, high 38.00x, latest 26.45x. 861 trading days with a meaningful ratio. Each close over the trailing twelve months of earnings as known that day: a quarter counts from the day it was filed.

Companies like M-tron Industries, Inc

  1. Richardson Electronics, Ltd. (RELL)Market cap 282.3M USD
  2. Sono-Tek Corporation (SOTK)Market cap 96.0M USD
  3. CPS Technologies Corporation (CPSH)Market cap 69.2M USD
  4. Syntec Optics Holdings, Inc. (OPTX)Market cap 279.1M USD
  5. Wrap Technologies, Inc. (WRAP)Market cap 84.3M USD

Same industry (Hardware, Equipment & Parts) and size band (Micro, 50M to 300M), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

M-tron Industries, Inc: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield3.6% ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 26, 2026, 0001437749-26-009844
Free cash flow8.1M USD ComputedFY2025 10-K, filed Mar 26, 2026, 0001437749-26-009844
Free cash flow margin14.9% ComputedFY2025 10-K, filed Mar 26, 2026, 0001437749-26-009844
Dividend yield
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 26, 2026, 0001437749-26-009844
Payout ratio
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedFY2025 10-K, filed Mar 26, 2026, 0001437749-26-009844
FY2020 Free cash flow: 3.5M USDFY2020 Net income: 2.3M USDFY2021 Free cash flow: 1.9M USDFY2021 Net income: 1.6M USDFY2022 Free cash flow: 1.1M USDFY2022 Net income: 1.8M USDFY2023 Free cash flow: 3.1M USDFY2023 Net income: 3.5M USDFY2024 Free cash flow: 5.6M USDFY2024 Net income: 7.6M USDFY2025 Free cash flow: 8.1M USDFY2025 Net income: 8.4M USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

M-tron Industries, Inc.: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
23.66xFY2025Oct 15, 2026
3.55xFY2025Oct 15, 2026
n/aFY2025Oct 15, 2026
n/a Enterprise value is the market value plus total debt less cash, and the filed balance sheet reports no debt total or no cash.
3.6%FY2025Oct 15, 2026
n/aFY2025Mar 26, 2026
n/a The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read.
n/aFY2025Oct 15, 2026
n/a The filed cash flow statement reports no dividend paid at all. That is not the same as a filed zero, and we will not read it as one.
n/aFY2025Mar 26, 2026
n/a The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read.
12.52FY2025Mar 26, 2026
4.12xFY2025Oct 15, 2026
0.50FY2025Oct 15, 2026
28.75FY2025Oct 15, 2026
-1.11FY2025Mar 26, 2026
4/9FY2025Mar 26, 2026

The figures are computed from the accounts for fiscal 2025, the newest full year on file. 5 filed fiscal years on record, FY2021 to FY2025, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

6 fiscal years, FY2020 to FY2025. 5 read from the annual reports M-tron Industries, Inc filed with the SEC, each naming its filing; the rest from statements that name none, which are market data. Amounts in USD, as reported.

M-tron Industries, Inc: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY202554.4M10.3M8.4M2.548.1M18.9%13.4%10-K, Mar 26, 20260001437749-26-009844
FY202449.0M9.4M7.6M2.575.6M19.2%24.4%10-K, Mar 27, 20250001437749-25-009645
FY202341.2M4.3M3.5M1.243.1M10.4%17.5%10-K, Mar 25, 20240001437749-24-009243
FY202231.8M2.9M1.8M0.651.1M9.0%12.5%10-K, Mar 30, 20230001564590-23-004848
FY202126.7M2.1M1.6M0.571.9M7.9%9.4%10-K, Mar 30, 20230001564590-23-004848
FY202030.0M3.0M2.3M0.423.5M10.1%15.4%Market data, supplied Mar 8, 2026accession n/a
  • Revenue, compound annual growth FY2020 to FY2025: 12.7%
  • Earnings, compound annual growth FY2020 to FY2025: 29.6%
  • Earnings per share, compound annual growth FY2020 to FY2025: 43.5%
  • Free cash flow, compound annual growth FY2020 to FY2025: 18.3%

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

M-tron Industries, Inc: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-1.11 ComputedFY2025 10-K, filed Mar 26, 2026, 0001437749-26-009844
Piotroski F-score4/9 ComputedFY2025 10-K, filed Mar 26, 2026, 0001437749-26-009844
Named tests met0 of 30 Computed
Beta1.15 ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 0 met, 23 not met, 7 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
None of the named tests.
Does not
Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; High F-score, low P/B (Joseph Piotroski); Three forensic scores; High returns and growth; High yield, low payout; Dividends and buybacks; Low beta, profitable; Near the 52-week low; Two thirds of NCAV (Benjamin Graham); P/E times P/B (Benjamin Graham); High returns, low debt; Owner earnings yield; High return on tangibles; Low P/S, rising earnings (James O'Shaughnessy); Book or below, low debt (Walter Schloss); Tangible book or below; Cash-flow yield and ROIC; Clean books, high ROIC; Cheapest quarter on P/E (David Dreman); Cheapest quarter on P/B (David Dreman); Low P/E, growth, yield (John Neff)
Not measured
Earnings yield and ROIC (Joel Greenblatt); Low PEG, low debt (Peter Lynch); Gross margin, turnover (Robert Novy-Marx); EV/EBITDA and coverage; ROIC at or above WACC; Z-score and coverage (Edward Altman); Cash-covered dividend. A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(12)
  • Debt to Equity: The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read.
  • Positive Earnings Streak: We hold 6 profitable filed years in a row; the test needs 10.
  • EV/EBIT: We do not hold this figure for this company, so there is nothing to show.
  • Return on Invested Capital: The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read.
  • Gross Margin: Our archived statements for this filer carry no gross profit line, so there is nothing to compute a gross margin from and trace back to source. That may be because the filer presents no cost of revenue, or because we have not captured the concept. We do not guess which.
  • EV/EBITDA: We do not hold this figure for this company, so there is nothing to show.
  • Interest Coverage: No interest expense is filed for this year, so coverage is not computed.
  • Dividend Yield: We do not hold this figure for this company, so there is nothing to show.
  • Payout Ratio: We do not hold this figure for this company, so there is nothing to show.
  • ROIC-WACC Spread: We do not hold this figure for this company, so there is nothing to show.
  • Dividend Coverage Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Dividend Streak: We do not hold this figure for this company, so there is nothing to show.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by the founder: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • 12 figures could not be read on this company, among them Debt to Equity, Positive Earnings Streak, EV/EBIT. Each blank in the table above names the rest, with its reason. 7 named tests come back incomplete because of them, which is neither met nor missed.
  • We hold 5 filed fiscal years rather than 10, so the run above is shorter than a full decade and is counted as what it is.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

Monitor my portfolioHow this is computed

No card. 30 free days, and nothing is charged unless you choose a plan.

Analyze your own portfolio

ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Margin Notes

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

Site map

Apps

  • Android app coming soon
  • iPhone app coming soon
ValueScreener

Discover companies, research each one to its filings, track what matters, and take your work into your own spreadsheet.

ValueScreener is a trading name of Oliva Real Estate Technologies LLC, a Delaware limited liability company. Legal notices: legal@valuescreener.ai. © 2026 Oliva Real Estate Technologies LLC. All rights reserved.

Risk disclaimer. This service is provided for research and education only. Nothing on it is investment advice, a recommendation, or an offer to buy or sell any security. Capital is at risk, and past performance does not indicate future results. Figures come from filed accounts and may be incomplete, delayed or later restated, so verify a number against the filing before you act on it.

With your permission, Google Analytics, Microsoft Clarity and HubSpot set cookies to measure how this site and the product are used, including recordings of sessions. Nothing is set unless you allow it. Privacy policy