M-tron Industries Inc. Common Stock (MPTI)

FairStock Score: 70/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

At the close on 2026-10-13, M-tron's price was $68.97 and market cap $299.8M. It is a small, focused maker of frequency and spectrum control products—filters and oscillators—used to manage signals in electronic circuits. The filed record shows progress: in fiscal 2023, the year ended 2023-12-31, revenue was $41.2M and net income was $3.5M; in fiscal 2024, the year ended 2024-12-31, revenue was $49.0M and net income was $7.6M; in fiscal 2025, the year ended 2025-12-31, revenue was $54.4M and net income was $8.4M. In the quarter ended 2026-06-30, revenue was $15.1M and net income was $1.9M, while in the quarter ended 2026-03-31, revenue was $14.7M and net income was $2.4M. Growth is real, but quarterly profits are lumpy. Financial health is a bright spot: FairStock shows debt/equity of 0.00, an Altman Z-Score of 26.40, and trailing free cash flow of $9.5M. Yet ROCE of 8.12% and ROE of 12.40% are only moderate, which does not scream wide moat. The FairStock P/E is 26.94, P/B 2.52, PEG 1.36, EV/EBITDA 17.05, and FCF yield 3.2%. Its Graham Number is $39.67, so at $68.97 the margin of safety is -73.86%—the price is far above that conservative anchor. FairStock classifies it as a FAST GROWER, based on 52.0% annual profit growth over four years and 19.5% revenue growth. I like the debt-free balance sheet and growth, but a 27x earnings price asks a lot. This looks like a decent small business with an already-demanding price.

In plain English: M-tron makes electronic parts that filter and control timing signals for radio and microwave systems. It has grown sales and profits in recent years and carries no debt. At the recent price, the shares look expensive compared with current earnings and accounting value, so a lot of the good news already seems priced in.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q4 2025 10-K (period ended 2025-12-31) · fiscal Q3 2025 10-K (period ended 2025-09-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer