Minerals Technologies Inc. (MTX) — RQD Stock Rating Cockpit

Per the Roarable RQD rating, MTX scores 39 out of 100 with a letter grade of D-, labeled "Roarable Sell — Vulnerable Balance Sheet & Flow." The five pillars are:

• Fundamental Cash Engine: 12 / 20. Per the Roarable RQD rating, ROIC is 1.6% and FCF yield is 4.5%. A low ROIC relative to a 4.5% FCF yield suggests the company generates cash but earns a thin return on the capital it deploys. For a prospective investor, the upside case rests on margin recovery; the valuation tradeoff is that a 18.4x EV/EBITDA (per market data) is paid for a business currently earning thin returns.
• Whale 13F Flow: 4 / 20. The rating reflects institutional accumulation and options positioning, and this pillar is weak. Per the holders section, no 13F data is available in source data, so the weak score signals limited institutional sponsorship as a headwind rather than a confirmed selling trend.
• Insider Conviction: 8 / 20. Per the Roarable RQD rating, SEC Form 4 and Congressional PTR cluster flow scores low. Absent insider buying as a signal, the investor gets no internal endorsement of the current price.
• Macro Regime Fit: 5 / 20. Per the Roarable RQD rating, beta is 1.0 and sector sensitivity is weak in this assessment. A market-matching beta means MTX will track broad market moves without a defensive or high-beta asymmetry to exploit.
• Forensic Balance Sheet: 10 / 20. Per the Roarable RQD rating, the Altman Z is 2.52, the Piotroski F is 5/9, and Debt/Equity is 0.56. These figures sit in a middle zone: not distressed, but not strong. Debt of $955.0M against cash of $329.0M (FY 2025 SEC financials) is the main leverage consideration.

Taken together, the rating points to a stock where the primary risks (thin margins, weak sponsorship, limited insider conviction) outweigh its cash generation. A prospective investor should treat the D- as a signal to demand clearer evidence of margin recovery before engaging.

Per the SEC financials, revenue declined across the three periods, from $2169.9M in FY 2023 to $2072.6M in FY 2025, and operating income fell from $286.5M in FY 2024 to $47.4M in FY 2025. Net income turned negative in FY 2025 at $-18.4M. Per the market data, gross margin is 25%, operating margin is 2.3%, and net margin is -0.9%. Per the Roarable RQD rating, ROIC is 1.6%, the Altman Z is 2.52, and the Piotroski F is 5/9. Debt/Equity is 0.56 per the same rating, and FY 2025 debt of $955.0M exceeds cash of $329.0M.

Per the recent news and catalysts section:

• Green (Catalyst): A TradingView report indicates a quarterly dividend increase of 8% to $0.13 per share.
• Red (Risk Watch): A Yahoo Finance report announcing an increase in quarterly dividend, noted as the fourth consecutive year of increases, is flagged as a risk watch item.
• Yellow (Market Wire): Items cover higher-cost refinancing questions, a Q3 2026 earnings call presentation dated 2026-10-30, a Q3 2026 earnings call transcript, and general market-action coverage.

Per the Butterfly Supply-Chain Graph, no proprietary signals or supply-chain links are recorded (supply chain: NONE). The catalyst set is dominated by coverage of the Q3 2026 earnings cycle and dividend actions, with the refinancing headline the most directly relevant to the balance sheet concerns in the rating.

• What is the company's EPS (TTM) and forward P/E, given both are absent from the source data and the P/E cannot be assessed?
• What are the terms and cost of the refinancing referenced in the news headline, and how does it affect the $955.0M debt load?
• What drove the decline in operating income from $286.5M in FY 2024 to $47.4M in FY 2025?
• What product lines and customers generate the company's revenue, given the business description is limited to sector classification?
• Are the FY 2023 cash and debt figures, currently N/A, available from an alternate filing?