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Side-by-side financial comparison of ALLIANCE RESOURCE PARTNERS LP (ARLP) and MATERION Corp (MTRN). Click either name above to swap in a different company.

MATERION Corp is the larger business by last-quarter revenue ($549.8M vs $516.0M, roughly 1.1× ALLIANCE RESOURCE PARTNERS LP). MATERION Corp runs the higher net margin — 3.5% vs 2.1%, a 1.4% gap on every dollar of revenue. On growth, MATERION Corp posted the faster year-over-year revenue change (30.8% vs -3.6%). Over the past eight quarters, MATERION Corp's revenue compounded faster (13.6% CAGR vs -6.7%).

Alliance Resource Partners LP is a leading North American natural resource enterprise primarily engaged in the production and marketing of coal for utility and industrial customers. It also operates complementary business segments including mineral royalty management, oil and gas extraction, and logistics support services.

Materion Corp. is a multinational company specializing in high-performance advanced materials. Among its products are advanced beryllium metals, thin film deposition materials, high-performance alloys and composites, specialty engineered beryllium, engineered metals, technical ceramics, tantalum, niobium, other precious and non-precious metals, inorganic chemicals, and specialty coatings.

ARLP vs MTRN — Head-to-Head

Bigger by revenue
MTRN
MTRN
1.1× larger
MTRN
$549.8M
$516.0M
ARLP
Growing faster (revenue YoY)
MTRN
MTRN
+34.4% gap
MTRN
30.8%
-3.6%
ARLP
Higher net margin
MTRN
MTRN
1.4% more per $
MTRN
3.5%
2.1%
ARLP
Faster 2-yr revenue CAGR
MTRN
MTRN
Annualised
MTRN
13.6%
-6.7%
ARLP

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ARLP
ARLP
MTRN
MTRN
Revenue
$516.0M
$549.8M
Net Profit
$10.7M
$19.4M
Gross Margin
14.9%
Operating Margin
4.2%
5.1%
Net Margin
2.1%
3.5%
Revenue YoY
-3.6%
30.8%
Net Profit YoY
9.5%
EPS (diluted)

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ARLP
ARLP
MTRN
MTRN
Q1 26
$516.0M
$549.8M
Q4 25
$535.5M
$489.8M
Q3 25
$571.4M
$444.8M
Q2 25
$547.5M
$431.7M
Q1 25
$540.5M
$420.3M
Q4 24
$590.1M
$436.9M
Q3 24
$613.6M
$436.7M
Q2 24
$593.4M
$425.9M
Net Profit
ARLP
ARLP
MTRN
MTRN
Q1 26
$10.7M
$19.4M
Q4 25
$82.7M
$6.6M
Q3 25
$95.1M
$25.4M
Q2 25
$59.4M
$25.1M
Q1 25
$74.0M
$17.7M
Q4 24
$16.3M
$-48.9M
Q3 24
$86.3M
$22.3M
Q2 24
$100.2M
$19.0M
Gross Margin
ARLP
ARLP
MTRN
MTRN
Q1 26
14.9%
Q4 25
13.0%
Q3 25
19.4%
Q2 25
19.1%
Q1 25
18.1%
Q4 24
21.3%
Q3 24
18.5%
Q2 24
19.0%
Operating Margin
ARLP
ARLP
MTRN
MTRN
Q1 26
4.2%
5.1%
Q4 25
18.2%
2.2%
Q3 25
18.4%
7.9%
Q2 25
16.2%
8.5%
Q1 25
17.4%
6.5%
Q4 24
2.6%
-8.8%
Q3 24
16.5%
7.2%
Q2 24
19.8%
7.5%
Net Margin
ARLP
ARLP
MTRN
MTRN
Q1 26
2.1%
3.5%
Q4 25
15.4%
1.3%
Q3 25
16.6%
5.7%
Q2 25
10.9%
5.8%
Q1 25
13.7%
4.2%
Q4 24
2.8%
-11.2%
Q3 24
14.1%
5.1%
Q2 24
16.9%
4.5%
EPS (diluted)
ARLP
ARLP
MTRN
MTRN
Q1 26
Q4 25
$0.30
Q3 25
$1.22
Q2 25
$1.21
Q1 25
$0.85
Q4 24
$-2.34
Q3 24
$1.07
Q2 24
$0.91

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ARLP
ARLP
MTRN
MTRN
Cash + ST InvestmentsLiquidity on hand
$28.9M
$16.2M
Total DebtLower is stronger
$489.9M
Stockholders' EquityBook value
$957.0M
Total Assets
$2.9B
$1.9B
Debt / EquityLower = less leverage
0.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARLP
ARLP
MTRN
MTRN
Q1 26
$28.9M
$16.2M
Q4 25
$71.2M
$13.7M
Q3 25
$94.5M
$16.4M
Q2 25
$55.0M
$12.6M
Q1 25
$81.3M
$15.6M
Q4 24
$137.0M
$16.7M
Q3 24
$195.4M
$17.9M
Q2 24
$203.7M
$17.1M
Total Debt
ARLP
ARLP
MTRN
MTRN
Q1 26
$489.9M
Q4 25
$460.6M
Q3 25
$458.9M
Q2 25
$427.6M
Q1 25
$453.0M
Q4 24
$443.9M
Q3 24
Q2 24
Stockholders' Equity
ARLP
ARLP
MTRN
MTRN
Q1 26
$957.0M
Q4 25
$943.3M
Q3 25
$934.6M
Q2 25
$910.6M
Q1 25
$887.9M
Q4 24
$868.9M
Q3 24
$931.9M
Q2 24
$907.1M
Total Assets
ARLP
ARLP
MTRN
MTRN
Q1 26
$2.9B
$1.9B
Q4 25
$2.9B
$1.8B
Q3 25
$2.9B
$1.8B
Q2 25
$2.9B
$1.7B
Q1 25
$2.9B
$1.8B
Q4 24
$2.9B
$1.7B
Q3 24
$3.0B
$1.9B
Q2 24
$3.1B
$1.8B
Debt / Equity
ARLP
ARLP
MTRN
MTRN
Q1 26
0.51×
Q4 25
0.49×
Q3 25
0.49×
Q2 25
0.47×
Q1 25
0.51×
Q4 24
0.51×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ARLP
ARLP
MTRN
MTRN
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$13.3M
FCF MarginFCF / Revenue
2.6%
Capex IntensityCapex / Revenue
18.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$342.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARLP
ARLP
MTRN
MTRN
Q1 26
Q4 25
$143.9M
$19.5M
Q3 25
$209.9M
$18.3M
Q2 25
$151.7M
$49.9M
Q1 25
$145.7M
$15.5M
Q4 24
$168.4M
$76.3M
Q3 24
$209.3M
$5.1M
Q2 24
$215.8M
$20.3M
Free Cash Flow
ARLP
ARLP
MTRN
MTRN
Q1 26
$13.3M
Q4 25
$99.1M
Q3 25
$145.2M
Q2 25
$84.7M
Q1 25
$58.9M
$3.2M
Q4 24
$75.3M
Q3 24
$99.0M
$-24.3M
Q2 24
$114.3M
FCF Margin
ARLP
ARLP
MTRN
MTRN
Q1 26
2.6%
Q4 25
18.5%
Q3 25
25.4%
Q2 25
15.5%
Q1 25
10.9%
0.8%
Q4 24
12.8%
Q3 24
16.1%
-5.6%
Q2 24
19.3%
Capex Intensity
ARLP
ARLP
MTRN
MTRN
Q1 26
18.5%
Q4 25
8.4%
Q3 25
11.3%
Q2 25
12.2%
Q1 25
16.1%
2.9%
Q4 24
15.8%
Q3 24
18.0%
6.7%
Q2 24
17.1%
Cash Conversion
ARLP
ARLP
MTRN
MTRN
Q1 26
Q4 25
1.74×
2.97×
Q3 25
2.21×
0.72×
Q2 25
2.55×
1.99×
Q1 25
1.97×
0.88×
Q4 24
10.31×
Q3 24
2.43×
0.23×
Q2 24
2.15×
1.07×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ARLP
ARLP

Coal sales$443.3M86%
Oil & gas royalties$41.3M8%
Other revenues$22.8M4%
Transportation revenues$8.6M2%
Tons Produced$8.0M2%
Mineral Interest Volumes (BOE)$1.0M0%

MTRN
MTRN

Segment breakdown not available.

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