What is Minerals Technologies's net debt?

Minerals Technologies (MTX) reported net debt of $644.1M in Q1 2026.

How has Minerals Technologies's net debt changed year-over-year?

Minerals Technologies's net debt decreased by 4.3% year-over-year, from $673.2M to $644.1M.

What is the long-term trend for Minerals Technologies's net debt?

Over 5 years (2020 to 2025), Minerals Technologies's net debt has grown at a 1.6% compound annual growth rate (CAGR), from $626.4M to $676.7M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Minerals Technologies MTX Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

Cabot CorporationCBT

1.1×-0.3×

Travel + LeisureTNL

6×+1.6×

UnifirstUNF

-0.2×-0.1×

HES

Hess MidstreamHESM

3.1×-0.1×

Carter'sCRI

3.6×+0.8×

HarmonicHLIT

0.1×-2.0×

Other financials

Income statement

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Revenue$546.9M+11.2%

Gross profit$131.1M+9.6%

Operating income$58.7M+137%

Net income$36.2M+125%

EPS (diluted)$1.17+126%

Balance sheet

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Cash & equivalents$315.9M+3.0%

Total debt$960.0M-2.0%

Total equity$1.7B+8.1%

Total assets$3.5B+1.9%

Cash flow

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Operating cash flow$32.1M+830%

CapEx$23.1M+26.2%

Free cash flow$9.0M+140%

Valuation

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Market cap$2.37B+8.6%

Enterprise value$3.02B+5.4%

P/S1.1×+0.1×

Profitability

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Gross margin24.9%-0.7pp

Operating margin12.5%+10.0pp

Net margin-0.1%-7.3pp

FCF margin5.6%+1.5pp

Returns & leverage

See full

Return on equity-0.1%-9.4pp

Debt / equity0.6×-0.1×

Current ratio2.1×+0.2×

Where this comes from

Calculated from Minerals Technologies’s reported figures.

$960.0Mtotal debt−$315.9Mcash and equivalents=$644.1M

The official record: Minerals Technologies’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Minerals Technologies's net debt?: Minerals Technologies (MTX) reported net debt of $644.1M in Q1 2026.
How has Minerals Technologies's net debt changed year-over-year?: Minerals Technologies's net debt decreased by 4.3% year-over-year, from $673.2M to $644.1M.
What is the long-term trend for Minerals Technologies's net debt?: Over 5 years (2020 to 2025), Minerals Technologies's net debt has grown at a 1.6% compound annual growth rate (CAGR), from $626.4M to $676.7M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.