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Side-by-side financial comparison of CBL International Ltd (BANL) and Mativ Holdings, Inc. (MATV). Click either name above to swap in a different company.

Mativ Holdings, Inc. is the larger business by last-quarter revenue ($463.1M vs $277.2M, roughly 1.7× CBL International Ltd). Mativ Holdings, Inc. runs the higher net margin — 21.8% vs -0.6%, a 22.4% gap on every dollar of revenue.

Mativ Holdings, Inc. is a global specialty materials manufacturer producing high-performance advanced polymers, nonwovens, filtration solutions, and functional coated materials. It serves healthcare, industrial, consumer goods, aerospace, and energy segments, with operations across North America, Europe, and Asia Pacific.

BANL vs MATV — Head-to-Head

Bigger by revenue
MATV
MATV
1.7× larger
MATV
$463.1M
$277.2M
BANL
Higher net margin
MATV
MATV
22.4% more per $
MATV
21.8%
-0.6%
BANL

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BANL
BANL
MATV
MATV
Revenue
$277.2M
$463.1M
Net Profit
$-1.6M
$100.8M
Gross Margin
1.0%
18.8%
Operating Margin
-0.5%
2.2%
Net Margin
-0.6%
21.8%
Revenue YoY
1.0%
Net Profit YoY
6620.0%
EPS (diluted)
$1.87

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
BANL
BANL
MATV
MATV
Q4 25
$463.1M
Q3 25
$513.7M
Q2 25
$277.2M
$525.4M
Q1 25
$484.8M
Q4 24
$592.5M
$458.6M
Q3 24
$498.5M
Q2 24
$192.0M
$523.8M
Q1 24
$500.2M
Net Profit
BANL
BANL
MATV
MATV
Q4 25
$100.8M
Q3 25
$-3.2M
Q2 25
$-1.6M
$-9.5M
Q1 25
$-425.5M
Q4 24
$-3.9M
$1.5M
Q3 24
$-20.8M
Q2 24
$-1.4M
Q1 24
$-28.0M
Gross Margin
BANL
BANL
MATV
MATV
Q4 25
18.8%
Q3 25
19.3%
Q2 25
1.0%
19.7%
Q1 25
15.0%
Q4 24
0.9%
16.9%
Q3 24
18.8%
Q2 24
2.1%
20.8%
Q1 24
16.8%
Operating Margin
BANL
BANL
MATV
MATV
Q4 25
2.2%
Q3 25
3.1%
Q2 25
-0.5%
3.8%
Q1 25
-88.8%
Q4 24
-0.6%
0.6%
Q3 24
1.4%
Q2 24
2.0%
Q1 24
-2.8%
Net Margin
BANL
BANL
MATV
MATV
Q4 25
21.8%
Q3 25
-0.6%
Q2 25
-0.6%
-1.8%
Q1 25
-87.8%
Q4 24
-0.7%
0.3%
Q3 24
-4.2%
Q2 24
-0.3%
Q1 24
-5.6%
EPS (diluted)
BANL
BANL
MATV
MATV
Q4 25
$1.87
Q3 25
$-0.06
Q2 25
$-0.18
Q1 25
$-7.82
Q4 24
$-0.14
$0.03
Q3 24
$-0.38
Q2 24
$-0.03
Q1 24
$-0.52

Balance Sheet & Financial Strength

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

Metric
BANL
BANL
MATV
MATV
Cash + ST InvestmentsLiquidity on hand
$84.2M
Total DebtLower is stronger
$1.0B
Stockholders' EquityBook value
$22.9M
$498.7M
Total Assets
$69.3M
$2.1B
Debt / EquityLower = less leverage
2.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BANL
BANL
MATV
MATV
Q4 25
$84.2M
Q3 25
$97.1M
Q2 25
$95.6M
Q1 25
$84.0M
Q4 24
$8.0M
$94.3M
Q3 24
$162.2M
Q2 24
$133.4M
Q1 24
$128.9M
Total Debt
BANL
BANL
MATV
MATV
Q4 25
$1.0B
Q3 25
$1.0B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.2B
Q2 24
$1.2B
Q1 24
$1.2B
Stockholders' Equity
BANL
BANL
MATV
MATV
Q4 25
$498.7M
Q3 25
$397.4M
Q2 25
$22.9M
$416.6M
Q1 25
$428.2M
Q4 24
$22.9M
$858.5M
Q3 24
$882.3M
Q2 24
$25.3M
$898.0M
Q1 24
$906.9M
Total Assets
BANL
BANL
MATV
MATV
Q4 25
$2.1B
Q3 25
$2.0B
Q2 25
$69.3M
$2.1B
Q1 25
$2.1B
Q4 24
$69.3M
$2.4B
Q3 24
$2.6B
Q2 24
$53.5M
$2.6B
Q1 24
$2.7B
Debt / Equity
BANL
BANL
MATV
MATV
Q4 25
2.07×
Q3 25
2.63×
Q2 25
2.66×
Q1 25
2.67×
Q4 24
1.30×
Q3 24
1.32×
Q2 24
1.29×
Q1 24
1.30×

Cash Flow & Capital Efficiency

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

Metric
BANL
BANL
MATV
MATV
Operating Cash FlowLast quarter
$19.3M
Free Cash FlowOCF − Capex
$8.0M
FCF MarginFCF / Revenue
1.7%
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
0.19×
TTM Free Cash FlowTrailing 4 quarters
$93.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BANL
BANL
MATV
MATV
Q4 25
$19.3M
Q3 25
$72.8M
Q2 25
$57.6M
Q1 25
$-15.9M
Q4 24
$-1.9M
$24.1M
Q3 24
$37.6M
Q2 24
$46.1M
Q1 24
$-13.0M
Free Cash Flow
BANL
BANL
MATV
MATV
Q4 25
$8.0M
Q3 25
$66.7M
Q2 25
$48.9M
Q1 25
$-29.8M
Q4 24
$-2.1M
$2.0M
Q3 24
$25.5M
Q2 24
$37.4M
Q1 24
$-25.1M
FCF Margin
BANL
BANL
MATV
MATV
Q4 25
1.7%
Q3 25
13.0%
Q2 25
9.3%
Q1 25
-6.1%
Q4 24
-0.4%
0.4%
Q3 24
5.1%
Q2 24
7.1%
Q1 24
-5.0%
Capex Intensity
BANL
BANL
MATV
MATV
Q4 25
2.4%
Q3 25
1.2%
Q2 25
1.7%
Q1 25
2.9%
Q4 24
0.0%
4.8%
Q3 24
2.4%
Q2 24
1.7%
Q1 24
2.4%
Cash Conversion
BANL
BANL
MATV
MATV
Q4 25
0.19×
Q3 25
Q2 25
Q1 25
Q4 24
16.07×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

BANL
BANL

Segment breakdown not available.

MATV
MATV

Other$208.7M45%
SAS Segment$157.4M34%
FAM Segment$97.0M21%

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