MPTIM-tron Industries, Inc.
Is the business good?
A genuinely good business: earnings fully cash-backed (1.4×) and margins widening.
Operating profit is fully backed by cash. Conversion is improving vs a year ago.
Positive operating leverage, operating profit is growing faster than sales, so margins widen as the business scales.
Margin-driven, fat margins on slower asset turns. ROE 13% = margin × turnover × leverage.
Unless marked, from derived.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is MPTI?
M-tron Industries, Inc. earns 38% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
Return on invested capital · cost of capital 9.0% · 29 points above what the capital costs: growth creates value
- Operating margin
- 18%
Operating margin · Electronic Components median 8.4% · 12 months to Q2 2026
- Cash conversion
- 1.43×
Cash conversion · 1.19× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- +48%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2021 | 7.9% |
| FY2022 | 9.0% |
| FY2023 | 10% |
| FY2024 | 19% |
| FY2025 | 19% |
Details›
- Operating margin12 months to Q2 2026
- 18%
- Net margin12 months to Q2 2026
- 16%
- Free cash flow margin
- 16%
- R&D as % of revenue
- 6.1%
- Revenue, trailing twelve months
- $58M
- Free cash flow, trailing twelve months
- $9.5M
- Net income, trailing twelve months
- $9.5M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 38%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Electronic Components
Ranks #12 of 25 by RyuScore