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Side-by-side financial comparison of DONEGAL GROUP INC (DGICA) 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 $236.0M, roughly 2.0× DONEGAL GROUP INC). Mativ Holdings, Inc. runs the higher net margin — 21.8% vs 4.9%, a 16.9% gap on every dollar of revenue. On growth, Mativ Holdings, Inc. posted the faster year-over-year revenue change (1.0% vs -3.7%). Over the past eight quarters, DONEGAL GROUP INC's revenue compounded faster (-2.2% CAGR vs -3.8%).

Donegal Group Inc. is a regional US insurance holding company offering personal and commercial property and casualty insurance products. It serves Mid-Atlantic, Midwest, and Southern US customers, delivering tailored coverage for individuals, families, and small to medium businesses.

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.

DGICA vs MATV — Head-to-Head

Bigger by revenue
MATV
MATV
2.0× larger
MATV
$463.1M
$236.0M
DGICA
Growing faster (revenue YoY)
MATV
MATV
+4.7% gap
MATV
1.0%
-3.7%
DGICA
Higher net margin
MATV
MATV
16.9% more per $
MATV
21.8%
4.9%
DGICA
Faster 2-yr revenue CAGR
DGICA
DGICA
Annualised
DGICA
-2.2%
-3.8%
MATV

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
DGICA
DGICA
MATV
MATV
Revenue
$236.0M
$463.1M
Net Profit
$11.5M
$100.8M
Gross Margin
18.8%
Operating Margin
2.2%
Net Margin
4.9%
21.8%
Revenue YoY
-3.7%
1.0%
Net Profit YoY
-54.3%
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
DGICA
DGICA
MATV
MATV
Q1 26
$236.0M
Q4 25
$239.8M
$463.1M
Q3 25
$245.9M
$513.7M
Q2 25
$247.1M
$525.4M
Q1 25
$245.2M
$484.8M
Q4 24
$250.0M
$458.6M
Q3 24
$251.7M
$498.5M
Q2 24
$246.8M
$523.8M
Net Profit
DGICA
DGICA
MATV
MATV
Q1 26
$11.5M
Q4 25
$17.2M
$100.8M
Q3 25
$20.1M
$-3.2M
Q2 25
$16.9M
$-9.5M
Q1 25
$25.2M
$-425.5M
Q4 24
$24.0M
$1.5M
Q3 24
$16.8M
$-20.8M
Q2 24
$4.2M
$-1.4M
Gross Margin
DGICA
DGICA
MATV
MATV
Q1 26
Q4 25
18.8%
Q3 25
19.3%
Q2 25
19.7%
Q1 25
15.0%
Q4 24
16.9%
Q3 24
18.8%
Q2 24
20.8%
Operating Margin
DGICA
DGICA
MATV
MATV
Q1 26
Q4 25
8.7%
2.2%
Q3 25
10.2%
3.1%
Q2 25
8.3%
3.8%
Q1 25
12.7%
-88.8%
Q4 24
11.9%
0.6%
Q3 24
8.1%
1.4%
Q2 24
2.0%
2.0%
Net Margin
DGICA
DGICA
MATV
MATV
Q1 26
4.9%
Q4 25
7.2%
21.8%
Q3 25
8.2%
-0.6%
Q2 25
6.8%
-1.8%
Q1 25
10.3%
-87.8%
Q4 24
9.6%
0.3%
Q3 24
6.7%
-4.2%
Q2 24
1.7%
-0.3%
EPS (diluted)
DGICA
DGICA
MATV
MATV
Q1 26
Q4 25
$1.87
Q3 25
$-0.06
Q2 25
$-0.18
Q1 25
$-7.82
Q4 24
$0.03
Q3 24
$-0.38
Q2 24
$-0.03

Balance Sheet & Financial Strength

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

Metric
DGICA
DGICA
MATV
MATV
Cash + ST InvestmentsLiquidity on hand
$84.2M
Total DebtLower is stronger
$1.0B
Stockholders' EquityBook value
$649.1M
$498.7M
Total Assets
$2.4B
$2.1B
Debt / EquityLower = less leverage
2.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DGICA
DGICA
MATV
MATV
Q1 26
Q4 25
$84.2M
Q3 25
$97.1M
Q2 25
$95.6M
Q1 25
$84.0M
Q4 24
$94.3M
Q3 24
$162.2M
Q2 24
$133.4M
Total Debt
DGICA
DGICA
MATV
MATV
Q1 26
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
Stockholders' Equity
DGICA
DGICA
MATV
MATV
Q1 26
$649.1M
Q4 25
$640.4M
$498.7M
Q3 25
$627.4M
$397.4M
Q2 25
$605.7M
$416.6M
Q1 25
$584.7M
$428.2M
Q4 24
$545.8M
$858.5M
Q3 24
$513.4M
$882.3M
Q2 24
$484.1M
$898.0M
Total Assets
DGICA
DGICA
MATV
MATV
Q1 26
$2.4B
Q4 25
$2.4B
$2.1B
Q3 25
$2.4B
$2.0B
Q2 25
$2.4B
$2.1B
Q1 25
$2.4B
$2.1B
Q4 24
$2.3B
$2.4B
Q3 24
$2.3B
$2.6B
Q2 24
$2.3B
$2.6B
Debt / Equity
DGICA
DGICA
MATV
MATV
Q1 26
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×

Cash Flow & Capital Efficiency

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

Metric
DGICA
DGICA
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
DGICA
DGICA
MATV
MATV
Q1 26
Q4 25
$70.2M
$19.3M
Q3 25
$22.4M
$72.8M
Q2 25
$12.1M
$57.6M
Q1 25
$25.7M
$-15.9M
Q4 24
$67.4M
$24.1M
Q3 24
$12.7M
$37.6M
Q2 24
$21.7M
$46.1M
Free Cash Flow
DGICA
DGICA
MATV
MATV
Q1 26
Q4 25
$8.0M
Q3 25
$66.7M
Q2 25
$48.9M
Q1 25
$-29.8M
Q4 24
$2.0M
Q3 24
$25.5M
Q2 24
$37.4M
FCF Margin
DGICA
DGICA
MATV
MATV
Q1 26
Q4 25
1.7%
Q3 25
13.0%
Q2 25
9.3%
Q1 25
-6.1%
Q4 24
0.4%
Q3 24
5.1%
Q2 24
7.1%
Capex Intensity
DGICA
DGICA
MATV
MATV
Q1 26
Q4 25
2.4%
Q3 25
1.2%
Q2 25
1.7%
Q1 25
2.9%
Q4 24
4.8%
Q3 24
2.4%
Q2 24
1.7%
Cash Conversion
DGICA
DGICA
MATV
MATV
Q1 26
Q4 25
4.08×
0.19×
Q3 25
1.11×
Q2 25
0.72×
Q1 25
1.02×
Q4 24
2.81×
16.07×
Q3 24
0.76×
Q2 24
5.22×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DGICA
DGICA

Segment breakdown not available.

MATV
MATV

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

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