MPTI on NYSE

M-tron Industries, Inc.

M-tron Industries, Inc. is an American electronic components company based in Wilmington, active since 2000.2 Its shares trade on NYSE under the symbol MPTI.2

Price unavailable

Last updated Oct 21, 2026.

Overview

Compare with ESPEY MFG & ELECTRONICS CORP, Ostin Technology Group Co., Ltd. or NORTECH SYSTEMS INC, or pick any stock.

  • TickerMPTI on NYSE2
  • IndustryElectronic Components, NEC2
  • HeadquartersWilmington, United States2
  • Incorporated inDE3
  • Business address2525 Shader Road, Orlando, Fl 328043
  • Filer category, Emerging growth company3
  • Legal formCorporation2
  • LEI529900ECYL9SLLCSE9312
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressc/o THE CORPORATION TRUST COMPANY, CORPORATION TRUST CENTER 1209 ORANGE ST, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 32697172

Originally founded in 1965, M-tron Industries, Inc. is engaged in the designing, manufacturing and marketing of highly engineered, high reliability frequency and spectrum control products used to control the frequency or timing of signals in electronic circuits in various applications. Mtron's primary markets are aerospace and defense, avionics, industrials, and space.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

18.9%Operating margin6
15.5%Net margin6
11.0%Revenue growth, 20256
13.4%Return on equity6
$8.1MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

United States brought in 77% of the revenue M-tron Industries, Inc. broke down this way in fiscal 2025.

  1. United States$41.8M677%up 10% from 2024
  2. MY$6.1M611%up 30% from 2024
  3. All Other Foreign Countries$3.2M66%up 16% from 2024
  4. AUMember$2.8M65%up 18% from 2024
  5. GR$537.0K61%down 55% from 2024
Regions by year
Regions20242025
United States$38.0M$41.8M
MY$4.7M$6.1M
All Other Foreign Countries$2.8M$3.2M
AUMember$2.4M$2.8M
GR$1.2M$537.0K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Research and development6¢$3.2M
  • Other costs74¢$40.3M
  • Income tax5¢$2.5M
  • Profit16¢$8.4M

Out of $54.4M in revenue.6

Where each dollar of operating cash went, fiscal 2025

  • Capital spending24¢$2.6M
  • Kept or used elsewhere76¢$8.1M

Out of $10.7M of cash from operations.6

Financial statements

Revenue7896$54.4M in 2025+104% since 2021
0$20.0M$40.0M$60.0M2021: $26.7M$26.7M20212022: $31.8M$31.8M2022+19%2023: $41.2M$41.2M2023+29%2024: $49.0M$49.0M2024+19%2025: $54.4M$54.4M2025+11%
Operating income7896$10.3M in 2025+387% since 2021
0$5.0M$10.0M$15.0M2021: $2.1M$2.1M20212022: $2.9M$2.9M2022+36%2023: $4.3M$4.3M2023+50%2024: $9.4M$9.4M2024+119%2025: $10.3M$10.3M2025+10%
Net income7896$8.4M in 2025+434% since 2021
0$2.5M$5.0M$7.5M$10.0M2021: $1.6M$1.6M20212022: $1.8M$1.8M2022+14%2023: $3.5M$3.5M2023+94%2024: $7.6M$7.6M2024+119%2025: $8.4M$8.4M2025+11%

Every line of the income statement as filed: the last 2 fiscal years (annual) or 8 quarters (quarterly), latest first.6

Period ending2025-12-312024-12-31
Revenues$54.4M$49.0M
Manufacturing cost of sales$30.3M$26.4M
Engineering, selling and administrative$13.9M$13.2M
Total costs and expenses$44.1M$39.6M
Operating income$10.3M$9.4M
Interest income, net$539.0K$243.0K
Other income, net$124.0K$138.0K
Total other income, net$663.0K$381.0K
Income before income taxes$11.0M$9.8M
Income tax provision$2.5M$2.1M
Net income$8.4M$7.6M
Basic (in dollars per share)$2.94$2.78
Diluted (in dollars per share)$2.62$2.65
Basic (in shares)2.9M shares2.7M shares
Diluted (in shares)3.2M shares2.9M shares

Compare M-tron Industries, Inc. with another company

Corporate structure

M-tron Industries, Inc. sits at the top of its group. 4 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of M-tron Industries, Inc.

  • T. Rowe Price Investment Management, Inc. Filed SCHEDULE 13G on M-tron Industries, Inc., latest Aug 14, 2026
  • Bank of America Filed SCHEDULE 13G/A on M-tron Industries, Inc., latest Aug 3, 2026 (2 filings since May 14, 2026)
  • BlackRock Filed SCHEDULE 13G/A on M-tron Industries, Inc., latest Jul 29, 2026 (2 filings since Apr 27, 2026)
  • GAMCO Investors Filed SCHEDULE 13D/A on M-tron Industries, Inc., latest Mar 27, 2026 (11 filings since Oct 14, 2022)
  • Marc Gabelli Filed SC 13D/A on M-tron Industries, Inc., latest Jan 16, 2024 (6 filings since Dec 5, 2023)
  • M-tron Industries, Inc. Wilmington, Delaware, United States
    • M-tron Asia, LLC Subsidiary · Delaware, United States
    • Piezo Technology India Private Ltd. Subsidiary · India
    • Piezo Technology, Inc. Subsidiary · Florida, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What M-tron Industries, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$536.0K6 Dec 31, 2025$536.0K6 Dec 31, 20240%
Buildings and improvements$5.7M6 Dec 31, 2025$5.5M6 Dec 31, 2024+4.4%
Machinery and equipment$24.0M6 Dec 31, 2025$21.7M6 Dec 31, 2024+10.6%
Property and equipment, before depreciation$30.2M6 Dec 31, 2025$27.7M6 Dec 31, 2024+9.1%
Accumulated depreciation$23.7M6 Dec 31, 2025$22.6M6 Dec 31, 2024+4.7%
Property and equipment, net$6.5M6 Dec 31, 2025$5.1M6 Dec 31, 2024+28.7%
Operating-lease assets (leased space)$217.0K6 Dec 31, 2025$9.0K6 Dec 31, 2024+2311.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$20.9M6 Dec 31, 2025$12.6M6 Dec 31, 2024+65.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$40.0K6 Dec 31, 2025$40.0K6 Dec 31, 20240%

Inventory

ItemLatestA year beforeChange
Inventory, total$9.7M6 Dec 31, 2025$9.5M6 Dec 31, 2024+1.7%
Raw materials$4.3M6 Dec 31, 2025$4.3M6 Dec 31, 2024−1.9%
Work in process$5.2M6 Dec 31, 2025$4.9M6 Dec 31, 2024+6.3%
Finished goods$1.8M6 Dec 31, 2025$1.7M6 Dec 31, 2024+3.1%

Properties, in its own words

The Company's principal executive offices are located in Orlando, Florida within an Mtron operating facility. Mtron's operations are located in Orlando, Florida; Yankton, South Dakota; and Noida, India. We also have a sales office in Hong Kong.

Mtron owns a facility in Orlando, Florida, containing approximately 71,000 square feet on approximately five acres of land and owns a facility in Yankton, South Dakota, containing approximately 32,000 square feet on approximately 11 acres of land. Mtron also leases approximately 13,000 square feet of office and manufacturing space in Noida, India and approximately 700 square feet of office space in Hong Kong. It is our opinion that the facilities referred to above are in good operating condition, suitable, and adequate for present uses.

Item 2 of the 10-K filed Mar 26, 2026.5

Leadership

Who has led M-tron Industries, Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (8)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • M-tron Asia, LLC Delaware4
  • M-tron Industries, Ltd. Hong Kong4
  • Piezo Technology India Private Ltd. India4
  • Piezo Technology, Inc. Florida4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Aug 31, 20268-K Regulation FD disclosure24
  2. Aug 12, 20268-K Results of operations; Regulation FD disclosure25
  3. Jun 18, 20268-K Shareholder vote26
  4. May 14, 20268-K Regulation FD disclosure27
  5. May 8, 20268-K Results of operations; Regulation FD disclosure28
  6. Apr 27, 20268-K Regulation FD disclosure29
  7. Apr 21, 20268-K Other events30
  8. Apr 9, 20268-K Other events31
  9. Mar 31, 20268-K Financial statements and exhibits32
  10. Mar 30, 20268-K Other events33
  11. Mar 24, 20268-K Results of operations; Regulation FD disclosure34
  12. Mar 18, 20268-K Regulation FD disclosure; Other events35
  13. Dec 30, 2025New chief executive Cameron Pforr becomes CEO12
  14. Oct 12, 2022New chief executive Michael J. Ferrantino Jr. becomes CEO13
  15. Aug 4, 2000Founded M-tron Industries, Inc. is founded2

Calendar

Coming up

  1. Nov 11, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.63 a share, on Nov 12, 2025.36

When it reported results

  1. Aug 12, 2026Reported quarterly or annual results25
  2. May 8, 2026Reported quarterly or annual results28
  3. Mar 24, 2026Reported quarterly or annual results34
  4. Nov 12, 2025Reported quarterly or annual results37
  5. Nov 4, 2025Reported quarterly or annual results38
  6. Aug 12, 2025Reported quarterly or annual results39
  7. May 13, 2025Reported quarterly or annual results40
  8. Mar 27, 2025Reported quarterly or annual results41

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

282 filings to the SEC since October 2021: 5 annual reports, 12 quarterly reports, 58 major events, 138 insider forms, 22 large holders, 47 other. The latest 20:

  1. Sep 23, 2026S-8 EDGAR
  2. Aug 31, 20268-K EDGAR
  3. Aug 19, 20264 EDGAR
  4. Aug 14, 2026SCHEDULE 13G EDGAR
  5. Aug 12, 202610-Q EDGAR
  6. Aug 12, 20268-K EDGAR
  7. Aug 11, 2026144 EDGAR
  8. Aug 5, 20264 EDGAR
  9. Aug 5, 20264 EDGAR
  10. Aug 5, 20264 EDGAR
  11. Aug 3, 2026SCHEDULE 13G/A EDGAR
  12. Jul 29, 2026SCHEDULE 13G/A EDGAR
  13. Jun 18, 20268-K EDGAR
  14. Jun 1, 2026SD EDGAR
  15. May 14, 20268-K EDGAR
  16. May 14, 2026SCHEDULE 13G EDGAR
  17. May 13, 202610-Q EDGAR
  18. May 13, 202615-12G EDGAR
  19. May 13, 2026ARS EDGAR
  20. May 8, 20268-K EDGAR

The 282 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

44 open-market trades by officers, directors and large owners since October 2021: 4 buys and 40 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 11, 2026Biles Linda MExecutive VP - FinanceSale1,218$85.05$103.6KForm 4
May 4, 2026Drafts William ArnoldPresidentSale361$66.78$24.1KForm 4
May 4, 2026Pforr CameronCEO and CFOSale840$66.78$56.1KForm 4
May 4, 2026Biles Linda MExecutive VP - FinanceSale306$66.78$20.4KForm 4
Apr 14, 2026Biles Linda MExecutive VP - FinanceSale720Form 4
Jun 27, 2025Drafts William ArnoldPresidentBuy1,000$40.50$40.5KForm 4
Nov 14, 2024GABELLI MARIO J10% ownerSale7,500$60.11$450.8KForm 4
Nov 13, 2024GABELLI MARIO J10% ownerSale1,500$52.58$78.9KForm 4
Oct 14, 2024Arteaga IvanDirectorSale1,600$50.67$81.1KForm 4
Oct 11, 2024Arteaga IvanDirectorSale400$49.41$19.8KForm 4
Sep 30, 2024GABELLI MARIO J10% ownerSale171$41.60$7.1KForm 4
Sep 9, 2024GABELLI MARIO J10% ownerSale800$33.49$26.8KForm 4
Jun 25, 2024GABELLI MARIO J10% ownerSale200$33.38$6.7KForm 4
Jun 24, 2024GABELLI MARIO J10% ownerSale700$31.85$22.3KForm 4
Jun 13, 2024GABELLI MARIO J10% ownerSale500$35.70$17.9KForm 4
Apr 9, 2024GABELLI MARIO J10% ownerSale500$26.55$13.3KForm 4
Jan 10, 2024Drafts William ArnoldPresidentSale4,710$40.50$190.8KForm 4
Jan 10, 2024EMG MADONNA EDUCATIONAL FOUNDATION INC.DirectorSale29,044$39.99$1.2MForm 4
Jan 9, 2024Drafts William ArnoldPresidentSale5,000$40.00$200.0KForm 4
Jan 5, 2024EMG MADONNA EDUCATIONAL FOUNDATION INC.DirectorSale27,368$34.85$953.8KForm 4

All 44 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Cameron Pforr$243.2K$925.6K47
2025William A. Drafts$221.0K$695.9K47
2025Linda M. Biles$200.0K$586.9K47
2025Michael J. FerrantinoJr.$34.6K$256.6K47
2024Chief Executive Officer and Chief Financial Officer$59.8K$974.0K47
2024Executive VicePresident - Finance$183.5K$540.5K47
2024Former ChiefExecutive Officer$225.0K$376.3K47
2024President$211.4K$348.9K47

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.252,972$25.1M0.0%+111,224
Gamco Investors, Inc. Et Al201,280$20.0M0.2%+32,880
Vanguard Capital Management LLC173,148$17.2M0.0%+56,380
Royce & Associates LP156,595$15.5M0.1%+148,271
Two Sigma Investments, LP132,465$13.1M0.0%+70,002
Next Century Growth Investors LLC124,173$12.3M0.7%+15,953
Geode Capital Management, LLC100,646$10.0M0.0%+36,715
Renaissance Technologies LLC96,005$9.5M0.0%−784
State Street Corp82,493$8.2M0.0%+38,210
Palisades Investment Partners, LLC82,296$8.2M2.3%+1,269
Congruence Capital, LLC66,701$6.6M1.7%+24,445
Advisory Research Inc59,011$5.9M0.6%+8,468
HERALD INVESTMENT MANAGEMENT Ltd58,500$5.8M0.8%+3,500
Grandeur Peak Global Advisors, LLC56,681$5.6M1.3%+5,833
D. E. Shaw & Co., Inc.48,493$4.8M0.0%+43,077
Dimensional Fund Advisors LP47,681$4.7M0.0%+2,693
Bard Associates Inc44,578$4.4M1.0%−40,940
Aristides Capital LLC41,209$4.1M1.0%−24,464
Northern Trust Corp39,832$3.9M0.0%+11,399
Potrero Capital Research LLC38,161$3.8M2.3%+6,360
New York State Common Retirement Fund31,660$3.1M0.0%No change
Vanguard Portfolio Management LLC30,954$3.1M0.0%+11,147
Bnp Paribas Financial Markets30,583$3.0M0.0%+8,155
Vanguard Fiduciary Trust Co27,180$2.7M0.0%+5,583
Mcintyre Freedman & Flynn Investment Advisers Inc25,800$2.6M1.5%+4,300

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How M-tron Industries, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARM-tron Industries, Inc.1
  • CIK0001902314
  • Employer ID (EIN)46-04579445
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsDecember 311
  • Industry code (SIC)3679 Electronic Components, NEC1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address2525 Shader Road, Orlando, FL 328041
  • Phone(407) 298-20001
  • Shares outstanding4,346,476 as of Jul 31, 202611
  • Public float$122.8M as of Jun 30, 20255
  • AuditorPKF O’Connor Davies, LLP, New York, NY PCAOB ID 127; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceMay 11, 20221
  • Filings282 in all: 4 (121), 8-K (55), 3 (14), SC 13D/A (13), 10-Q (12), 144 (7), CORRESP (5), 10-12B/A (4)1
    All 34 form types

    10-K (4), DEF 14A (4), SD (4), 8-K/A (3), SCHEDULE 13G (3), UPLOAD (3), 15-12G (2), 4/A (2), 424B2 (2), 8-A12B (2), ARS (2), CERT (2), S-8 (2), SC 13D (2), SCHEDULE 13D/A (2), SCHEDULE 13G/A (2), 10-12B (1), 10-K/A (1), 25-NSE (1), 5 (1), 8-A12B/A (1), 8-A12G (1), DEL AM (1), EFFECT (1), S-3 (1), SEC STAFF ACTION (1)

  • Latest filingsAnnual report (10-K) Mar 26, 2026
    Quarterly report (10-Q) Aug 12, 2026
    Proxy statement (DEF 14A) Apr 30, 2026
    Latest 8-K (8-K) Aug 31, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.01 par valueMPTINYSE

From the cover page of the 10-K filed Mar 26, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks M-tron Industries, Inc. names in Item 1A of its 10-K filed Mar 26, 2026: 27 risks under these headings, as written.5

  • Risks Related to our Business and Industry
  • Risks Related to Our Securities
  • Risks Related to the Separation
  • Risks Related to Our Business and Industry
  • Macroeconomic fluctuations may harm our business, results of operations and stock price.
  • Our variable rate indebtedness subjects us to interest rate risk and could cause our debt service obligations to increase significantly.
  • We are dependent on a single line of business.
  • Our operating results may vary significantly from period to period.
  • A relatively small number of customers account for a significant portion of our revenues and accounts receivable, and the loss of any of these customers, a decrease in their demand for our products, or their insolvency could have a material adverse effect on our results of operations or liquidity.
  • Our order backlog may not be indicative of future revenues and may fluctuate from period to period.
  • Our future rate of growth and profitability are highly dependent on the development and growth of the aerospace and defense, space, avionics, instrumentation and industrial markets, which can be cyclical.
  • The market share of our customers in the aerospace and defense, space, avionics, instrumentation and industrial markets may change over time, reducing the potential value of our relationships with our existing customer base.
The other 19 risks
  • A significant portion of our revenue is derived from customers in the aerospace and defense industry, and our business could be adversely affected by changes in government spending or procurement policies.
  • We may make acquisitions that are not successful, or we may fail to integrate acquired businesses into our operations properly.
  • If we are unable to introduce innovative products, demand for our products may decrease.
  • Our markets are highly competitive, and we may lose business to larger and better-financed competitors.
  • Our success depends on our ability to retain key management and technical personnel and attracting, retaining, and training new technical personnel.
  • We purchase certain key components and raw materials from single or limited sources and could lose sales if these sources fail to fulfill our needs for any reason.
  • As a supplier to U.S. government defense contractors, we are subject to a number of procurement regulations and other requirements and could be adversely affected by changes in regulations or any negative findings from a U.S. government audit or investigation.
  • Our products are complex and may contain errors or design flaws, which could be costly to correct.
  • Future changes in our environmental liability and compliance obligations may increase costs and decrease profitability.
  • We have significant international operations and sales to customers outside of the United States that subject us to certain business, economic and political risks.
  • Changes in U.S. trade policies, including the imposition of tariffs and retaliatory tariffs, may adversely impact our business, financial condition, and results of operations.
  • We rely on information technology systems to conduct our business, and disruption, failure or security breaches of these systems could adversely affect our business and results of operations.
  • Cybersecurity risks and cybersecurity incidents may adversely affect our business by causing a disruption to our operations, a compromise or corruption of our confidential information, and/or damage to our business relationships, all of which could negatively impact our financial results.
  • If we fail to correct any material weakness that we identify in our internal control over financial reporting or otherwise fail to maintain effective internal control over financial reporting, we may not be able to report our financial results accurately and timely, in which case our business may be harmed, investors may lose confidence in the accuracy and completeness of our financial reports and the price of our common stock may decline.
  • The price of our common stock has fluctuated considerably and is likely to remain volatile, in part due to the limited market for our common stock.
  • Our officers and directors have significant voting power and may vote their shares in a manner that is not in the best interest of other stockholders.
  • Provisions in our corporate charter documents and under Delaware law could make an acquisition of the Company more difficult, which acquisition may be beneficial to our stockholders.
  • As a result of the Separation, certain of our directors and officers may have actual or potential conflicts of interest because of their positions or relationships with The LGL Group, Inc..
  • If the Separation does not qualify as tax-free for U.S. federal income tax purposes as a result of a breach by us of any covenant or representation made by us in the Tax Agreement, we could be subject to significant liability.

Legal proceedings

The information required for this Part I, Item 3 is incorporated by reference to the discussion under Note 13 – Contingencies to the Consolidated Financial Statements, included in Item 8. Financial Statements and Supplementary Data of this Report.

The opening of Item 3, Legal Proceedings.5

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
    SEC EDGAROther events
  31. 31
    SEC EDGAROther events
  32. 32
  33. 33
    SEC EDGAROther events
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47