Minerals Technologies (MTX) has wrapped up FY 2025 with fourth quarter revenue of US$519.5 million and EPS of US$1.19, set against a 12‑month backdrop where trailing revenue sat at about US$2.1 billion and EPS was slightly negative at US$0.59. Over recent quarters the company has seen quarterly revenue move from US$518.1 million in Q4 2024 to US$528.9 million in Q2 2025 and US$532.4 million in Q3 2025 before landing at US$519.5 million in Q4 2025. Over the same period, EPS shifted from US$1.69 in Q4 2024 to a loss of US$4.51 in Q1 2025 and then back into the US$1.19 to US$1.44 range. This leaves investors focusing on how consistently the business can convert sales into profit. Margins are front and center here, with the latest numbers highlighting how sensitive overall profitability still is.

With the headline figures on the table, the next step is to see how these results line up with the prevailing narratives around Minerals Technologies, and where the numbers start to challenge those stories.

US$18.4 million trailing loss despite positive recent quarters

• Over the last 12 months, Minerals Technologies reported a net loss of US$18.4 million even though the last three quarters of FY 2025 showed positive quarterly net income between US$37.1 million and US$45.4 million.
• What stands out for a bearish view is that, despite those profitable quarters, trailing EPS is still a loss of US$0.59 and losses have grown at about 26.8% per year over five years. This sits awkwardly against the recent quarterly EPS range of roughly US$1.19 to US$1.44 and raises questions about how durable that improvement is.
  • Critics highlight that FY 2025 started with a quarterly loss of US$144 million, which is large relative to the later profits and is a big reason trailing earnings remain negative.
  • They also point out that trailing revenue of US$2.1b is only growing at about 4% per year, so weak earnings are not being offset by strong top line expansion.

Big swings between loss and profit often get value investors interested, but the 5 year earnings decline and US$18.4 million trailing loss keep the cautious camp vocal. 🐻 Minerals Technologies Bear Case

Revenue around US$2.1b, but growth running at 4%

• On a trailing basis, revenue sits at about US$2.1b, with quarterly revenue over FY 2025 ranging between US$491.8 million and US$532.4 million, and the longer term revenue growth rate quoted at roughly 4% per year compared with a 10.6% US market reference.
• Supporters taking a more optimistic stance argue that this steady US$2.1b revenue base across multiple quarters, even at 4% annual growth, underpins the business. However, the fact that earnings are still negative despite that scale and growth rate pulls against a simple bullish takeaway.
  • On one hand, quarterly revenue has hovered in a relatively tight band around US$520 million, which can appeal to investors who like consistent sales.
  • On the other hand, with that level of revenue, the trailing net loss of US$18.4 million shows that margins have not yet translated that stability into consistent profits.

DCF fair value at US$124.40 vs US$65.76 share price

• The DCF fair value is given as US$124.40 per share compared with a current share price of US$65.76 and an analyst price target of US$83.00, so the stock is trading well below both those reference points while its P/S of roughly 1x is below the US chemicals industry at 1.2x and a 1.3x peer average.
• This apparent discount heavily supports a bullish angle. At the same time, the same data set also shows an unprofitable trailing 12 months and multi year earnings declines of 26.8% per year, so investors weighing the DCF fair value and 83.00 price target against the current US$65.76 price have to balance low sales multiples and those valuation markers against the fact that net income is still a US$18.4 million loss.
  • Analysts pointing to potential upside can lean on both the DCF fair value and the price target being above the current share price while P/S sits below industry and peers.
  • More cautious investors may focus on the negative trailing EPS of US$0.59 and the weak earnings trend as a reason the discount could persist until profitability improves.

The gap between DCF fair value, analyst targets and today’s price is large enough that many investors will want to see how future reports address the US$18.4 million trailing loss before leaning too hard on the apparent discount. 📊 Read the full Minerals Technologies Consensus Narrative.

Next Steps

Don't just look at this quarter; the real story is in the long-term trend. We've done an in-depth analysis on Minerals Technologies's growth and its valuation to see if today's price is a bargain. Add the company to your watchlist or portfolio now so you don't miss the next big move.

See What Else Is Out There

Minerals Technologies is working with a US$18.4 million trailing loss, negative EPS of US$0.59 and a five year earnings decline of about 26.8% per year.

If those patchy profits make you uneasy, use our stable growth stocks screener (2167 results) to quickly focus on companies with steadier revenue and earnings profiles that take some volatility off the table.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.