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Side-by-side financial comparison of MINERALS TECHNOLOGIES INC (MTX) and PHIBRO ANIMAL HEALTH CORP (PAHC). Click either name above to swap in a different company.

MINERALS TECHNOLOGIES INC is the larger business by last-quarter revenue ($519.5M vs $373.9M, roughly 1.4× PHIBRO ANIMAL HEALTH CORP). PHIBRO ANIMAL HEALTH CORP runs the higher net margin — 7.3% vs 7.2%, a 0.2% gap on every dollar of revenue. On growth, PHIBRO ANIMAL HEALTH CORP posted the faster year-over-year revenue change (20.9% vs 0.3%). MINERALS TECHNOLOGIES INC produced more free cash flow last quarter ($31.9M vs $8.3M). Over the past eight quarters, PHIBRO ANIMAL HEALTH CORP's revenue compounded faster (19.2% CAGR vs -1.4%).

Compass Minerals International, Inc is an American public company that, through its subsidiaries, is a leading producer of minerals, including salt, magnesium chloride and sulfate of potash. Based in Overland Park, Kansas; the company provides bulk treated and untreated highway deicing salt to customers in North America and the United Kingdom and plant nutrition products to growers worldwide. Compass Minerals also produces consumer deicing and water conditioning products, consumer and commerc...

Phibro Animal Health Corporation is an American animal health and mineral nutrition company. Its products include antibacterials, anticoccidials, anthelmintics, as well as animal nutrition and vaccines for livestock. The company operates through three segments Mineral Nutrition, Performance Materials, and Animal Health, from which most of its revenue is derived. The company operates in the United States, Latin America, Canada, Europe, Middle East, Africa, and Asia-Pacific. It is incorporated ...

MTX vs PAHC — Head-to-Head

Bigger by revenue
MTX
MTX
1.4× larger
MTX
$519.5M
$373.9M
PAHC
Growing faster (revenue YoY)
PAHC
PAHC
+20.6% gap
PAHC
20.9%
0.3%
MTX
Higher net margin
PAHC
PAHC
0.2% more per $
PAHC
7.3%
7.2%
MTX
More free cash flow
MTX
MTX
$23.6M more FCF
MTX
$31.9M
$8.3M
PAHC
Faster 2-yr revenue CAGR
PAHC
PAHC
Annualised
PAHC
19.2%
-1.4%
MTX

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
MTX
MTX
PAHC
PAHC
Revenue
$519.5M
$373.9M
Net Profit
$37.2M
$27.5M
Gross Margin
24.0%
35.5%
Operating Margin
11.9%
13.5%
Net Margin
7.2%
7.3%
Revenue YoY
0.3%
20.9%
Net Profit YoY
-31.1%
762.1%
EPS (diluted)
$1.11
$0.67

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
MTX
MTX
PAHC
PAHC
Q4 25
$519.5M
$373.9M
Q3 25
$532.4M
$363.9M
Q2 25
$528.9M
$378.7M
Q1 25
$491.8M
$347.8M
Q4 24
$518.1M
$309.3M
Q3 24
$524.7M
$260.4M
Q2 24
$541.2M
$273.2M
Q1 24
$534.5M
$263.2M
Net Profit
MTX
MTX
PAHC
PAHC
Q4 25
$37.2M
$27.5M
Q3 25
$43.0M
$26.5M
Q2 25
$45.4M
$17.2M
Q1 25
$-144.0M
$20.9M
Q4 24
$54.0M
$3.2M
Q3 24
$46.7M
$7.0M
Q2 24
$19.7M
$752.0K
Q1 24
$46.7M
$8.4M
Gross Margin
MTX
MTX
PAHC
PAHC
Q4 25
24.0%
35.5%
Q3 25
25.7%
32.9%
Q2 25
25.9%
29.0%
Q1 25
24.3%
30.1%
Q4 24
25.6%
32.9%
Q3 24
25.8%
32.1%
Q2 24
26.6%
31.9%
Q1 24
25.4%
30.2%
Operating Margin
MTX
MTX
PAHC
PAHC
Q4 25
11.9%
13.5%
Q3 25
13.3%
14.1%
Q2 25
14.1%
8.9%
Q1 25
-32.6%
9.6%
Q4 24
16.2%
8.3%
Q3 24
14.6%
6.8%
Q2 24
9.3%
6.7%
Q1 24
14.1%
7.6%
Net Margin
MTX
MTX
PAHC
PAHC
Q4 25
7.2%
7.3%
Q3 25
8.1%
7.3%
Q2 25
8.6%
4.5%
Q1 25
-29.3%
6.0%
Q4 24
10.4%
1.0%
Q3 24
8.9%
2.7%
Q2 24
3.6%
0.3%
Q1 24
8.7%
3.2%
EPS (diluted)
MTX
MTX
PAHC
PAHC
Q4 25
$1.11
$0.67
Q3 25
$1.37
$0.65
Q2 25
$1.44
$0.43
Q1 25
$-4.51
$0.51
Q4 24
$1.67
$0.08
Q3 24
$1.45
$0.17
Q2 24
$0.61
$0.02
Q1 24
$1.44
$0.21

Balance Sheet & Financial Strength

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

Metric
MTX
MTX
PAHC
PAHC
Cash + ST InvestmentsLiquidity on hand
$332.6M
$74.5M
Total DebtLower is stronger
$961.3M
$624.2M
Stockholders' EquityBook value
$1.7B
$332.4M
Total Assets
$3.5B
$1.4B
Debt / EquityLower = less leverage
0.56×
1.88×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MTX
MTX
PAHC
PAHC
Q4 25
$332.6M
$74.5M
Q3 25
$328.3M
$85.3M
Q2 25
$319.9M
$77.0M
Q1 25
$312.2M
$70.4M
Q4 24
$337.1M
$67.1M
Q3 24
$324.5M
$89.8M
Q2 24
$316.4M
$114.6M
Q1 24
$320.1M
$98.7M
Total Debt
MTX
MTX
PAHC
PAHC
Q4 25
$961.3M
$624.2M
Q3 25
$964.3M
$628.0M
Q2 25
$965.6M
$631.7M
Q1 25
$966.7M
$635.4M
Q4 24
$966.1M
$639.1M
Q3 24
$922.9M
$295.2M
Q2 24
$922.4M
$312.1M
Q1 24
$925.8M
Stockholders' Equity
MTX
MTX
PAHC
PAHC
Q4 25
$1.7B
$332.4M
Q3 25
$1.7B
$311.7M
Q2 25
$1.7B
$285.7M
Q1 25
$1.6B
$266.0M
Q4 24
$1.7B
$246.8M
Q3 24
$1.7B
$258.5M
Q2 24
$1.7B
$256.6M
Q1 24
$1.7B
$270.1M
Total Assets
MTX
MTX
PAHC
PAHC
Q4 25
$3.5B
$1.4B
Q3 25
$3.5B
$1.4B
Q2 25
$3.5B
$1.4B
Q1 25
$3.4B
$1.3B
Q4 24
$3.4B
$1.3B
Q3 24
$3.4B
$966.3M
Q2 24
$3.3B
$982.2M
Q1 24
$3.3B
$979.0M
Debt / Equity
MTX
MTX
PAHC
PAHC
Q4 25
0.56×
1.88×
Q3 25
0.58×
2.01×
Q2 25
0.58×
2.21×
Q1 25
0.60×
2.39×
Q4 24
0.55×
2.59×
Q3 24
0.54×
1.14×
Q2 24
0.55×
1.22×
Q1 24
0.56×

Cash Flow & Capital Efficiency

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

Metric
MTX
MTX
PAHC
PAHC
Operating Cash FlowLast quarter
$64.3M
$19.4M
Free Cash FlowOCF − Capex
$31.9M
$8.3M
FCF MarginFCF / Revenue
6.1%
2.2%
Capex IntensityCapex / Revenue
6.2%
3.0%
Cash ConversionOCF / Net Profit
1.73×
0.70×
TTM Free Cash FlowTrailing 4 quarters
$86.6M
$47.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MTX
MTX
PAHC
PAHC
Q4 25
$64.3M
$19.4M
Q3 25
$70.9M
$9.3M
Q2 25
$62.9M
$21.3M
Q1 25
$-4.4M
$43.2M
Q4 24
$70.4M
$3.1M
Q3 24
$60.0M
$12.6M
Q2 24
$50.1M
$28.4M
Q1 24
$55.9M
$11.4M
Free Cash Flow
MTX
MTX
PAHC
PAHC
Q4 25
$31.9M
$8.3M
Q3 25
$43.6M
$-4.5M
Q2 25
$33.8M
$8.1M
Q1 25
$-22.7M
$35.4M
Q4 24
$42.3M
$-4.7M
Q3 24
$35.3M
$3.0M
Q2 24
$29.9M
$15.4M
Q1 24
$39.4M
$1.7M
FCF Margin
MTX
MTX
PAHC
PAHC
Q4 25
6.1%
2.2%
Q3 25
8.2%
-1.2%
Q2 25
6.4%
2.1%
Q1 25
-4.6%
10.2%
Q4 24
8.2%
-1.5%
Q3 24
6.7%
1.2%
Q2 24
5.5%
5.6%
Q1 24
7.4%
0.6%
Capex Intensity
MTX
MTX
PAHC
PAHC
Q4 25
6.2%
3.0%
Q3 25
5.1%
3.8%
Q2 25
5.5%
3.5%
Q1 25
3.7%
2.2%
Q4 24
5.4%
2.5%
Q3 24
4.7%
3.7%
Q2 24
3.7%
4.8%
Q1 24
3.1%
3.7%
Cash Conversion
MTX
MTX
PAHC
PAHC
Q4 25
1.73×
0.70×
Q3 25
1.65×
0.35×
Q2 25
1.39×
1.24×
Q1 25
2.07×
Q4 24
1.30×
0.97×
Q3 24
1.28×
1.81×
Q2 24
2.54×
37.80×
Q1 24
1.20×
1.36×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MTX
MTX

High Temperature Technologies$178.0M34%
Specialty Additives$141.8M27%
Household And Personal Care$132.5M26%
Environmental And Infrastructure$67.2M13%

PAHC
PAHC

Medicated Feed Additives And Others$202.1M54%
Mineral Nutrition$68.9M18%
Nutritional Specialties$50.2M13%
Vaccines$37.6M10%
Performance Products$15.0M4%

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