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Side-by-side financial comparison of Mativ Holdings, Inc. (MATV) and Mister Car Wash, Inc. (MCW). Click either name above to swap in a different company.

Mativ Holdings, Inc. is the larger business by last-quarter revenue ($463.1M vs $261.2M, roughly 1.8× Mister Car Wash, Inc.). Mativ Holdings, Inc. runs the higher net margin — 21.8% vs 7.7%, a 14.1% gap on every dollar of revenue. On growth, Mister Car Wash, Inc. posted the faster year-over-year revenue change (4.0% vs 1.0%). Mativ Holdings, Inc. produced more free cash flow last quarter ($8.0M vs $-16.8M). Over the past eight quarters, Mister Car Wash, Inc.'s revenue compounded faster (4.5% CAGR vs -3.8%).

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.

Brown Bear Car Wash is an American car wash chain based in Washington state. Founded in Seattle in 1957, it is the 12th largest car wash chain in the United States with 49 locations as of 2021.

MATV vs MCW — Head-to-Head

Bigger by revenue
MATV
MATV
1.8× larger
MATV
$463.1M
$261.2M
MCW
Growing faster (revenue YoY)
MCW
MCW
+3.0% gap
MCW
4.0%
1.0%
MATV
Higher net margin
MATV
MATV
14.1% more per $
MATV
21.8%
7.7%
MCW
More free cash flow
MATV
MATV
$24.8M more FCF
MATV
$8.0M
$-16.8M
MCW
Faster 2-yr revenue CAGR
MCW
MCW
Annualised
MCW
4.5%
-3.8%
MATV

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MATV
MATV
MCW
MCW
Revenue
$463.1M
$261.2M
Net Profit
$100.8M
$20.1M
Gross Margin
18.8%
Operating Margin
2.2%
15.8%
Net Margin
21.8%
7.7%
Revenue YoY
1.0%
4.0%
Net Profit YoY
6620.0%
118.9%
EPS (diluted)
$1.87
$0.06

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
MATV
MATV
MCW
MCW
Q4 25
$463.1M
$261.2M
Q3 25
$513.7M
$263.4M
Q2 25
$525.4M
$265.4M
Q1 25
$484.8M
$261.7M
Q4 24
$458.6M
$251.2M
Q3 24
$498.5M
$249.3M
Q2 24
$523.8M
$255.0M
Q1 24
$500.2M
$239.2M
Net Profit
MATV
MATV
MCW
MCW
Q4 25
$100.8M
$20.1M
Q3 25
$-3.2M
$27.4M
Q2 25
$-9.5M
$28.6M
Q1 25
$-425.5M
$27.0M
Q4 24
$1.5M
$9.2M
Q3 24
$-20.8M
$22.3M
Q2 24
$-1.4M
$22.1M
Q1 24
$-28.0M
$16.6M
Gross Margin
MATV
MATV
MCW
MCW
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%
Q1 24
16.8%
Operating Margin
MATV
MATV
MCW
MCW
Q4 25
2.2%
15.8%
Q3 25
3.1%
19.7%
Q2 25
3.8%
20.4%
Q1 25
-88.8%
20.2%
Q4 24
0.6%
12.7%
Q3 24
1.4%
19.9%
Q2 24
2.0%
21.6%
Q1 24
-2.8%
17.8%
Net Margin
MATV
MATV
MCW
MCW
Q4 25
21.8%
7.7%
Q3 25
-0.6%
10.4%
Q2 25
-1.8%
10.8%
Q1 25
-87.8%
10.3%
Q4 24
0.3%
3.7%
Q3 24
-4.2%
9.0%
Q2 24
-0.3%
8.7%
Q1 24
-5.6%
7.0%
EPS (diluted)
MATV
MATV
MCW
MCW
Q4 25
$1.87
$0.06
Q3 25
$-0.06
$0.08
Q2 25
$-0.18
$0.09
Q1 25
$-7.82
$0.08
Q4 24
$0.03
$0.02
Q3 24
$-0.38
$0.07
Q2 24
$-0.03
$0.07
Q1 24
$-0.52
$0.05

Balance Sheet & Financial Strength

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

Metric
MATV
MATV
MCW
MCW
Cash + ST InvestmentsLiquidity on hand
$84.2M
$28.4M
Total DebtLower is stronger
$1.0B
Stockholders' EquityBook value
$498.7M
$1.1B
Total Assets
$2.1B
$3.2B
Debt / EquityLower = less leverage
2.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MATV
MATV
MCW
MCW
Q4 25
$84.2M
$28.4M
Q3 25
$97.1M
$35.7M
Q2 25
$95.6M
$26.4M
Q1 25
$84.0M
$39.1M
Q4 24
$94.3M
$67.5M
Q3 24
$162.2M
$16.5M
Q2 24
$133.4M
$3.6M
Q1 24
$128.9M
$10.7M
Total Debt
MATV
MATV
MCW
MCW
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
MATV
MATV
MCW
MCW
Q4 25
$498.7M
$1.1B
Q3 25
$397.4M
$1.1B
Q2 25
$416.6M
$1.1B
Q1 25
$428.2M
$1.0B
Q4 24
$858.5M
$998.4M
Q3 24
$882.3M
$979.4M
Q2 24
$898.0M
$949.4M
Q1 24
$906.9M
$928.7M
Total Assets
MATV
MATV
MCW
MCW
Q4 25
$2.1B
$3.2B
Q3 25
$2.0B
$3.1B
Q2 25
$2.1B
$3.1B
Q1 25
$2.1B
$3.1B
Q4 24
$2.4B
$3.1B
Q3 24
$2.6B
$3.0B
Q2 24
$2.6B
$3.0B
Q1 24
$2.7B
$2.9B
Debt / Equity
MATV
MATV
MCW
MCW
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
MATV
MATV
MCW
MCW
Operating Cash FlowLast quarter
$19.3M
$60.0M
Free Cash FlowOCF − Capex
$8.0M
$-16.8M
FCF MarginFCF / Revenue
1.7%
-6.4%
Capex IntensityCapex / Revenue
2.4%
29.4%
Cash ConversionOCF / Net Profit
0.19×
2.99×
TTM Free Cash FlowTrailing 4 quarters
$93.8M
$30.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MATV
MATV
MCW
MCW
Q4 25
$19.3M
$60.0M
Q3 25
$72.8M
$91.4M
Q2 25
$57.6M
$46.8M
Q1 25
$-15.9M
$87.5M
Q4 24
$24.1M
$49.8M
Q3 24
$37.6M
$80.0M
Q2 24
$46.1M
$60.9M
Q1 24
$-13.0M
$58.0M
Free Cash Flow
MATV
MATV
MCW
MCW
Q4 25
$8.0M
$-16.8M
Q3 25
$66.7M
$25.8M
Q2 25
$48.9M
$-11.2M
Q1 25
$-29.8M
$32.5M
Q4 24
$2.0M
$-20.4M
Q3 24
$25.5M
$-16.8M
Q2 24
$37.4M
$-20.4M
Q1 24
$-25.1M
$-23.9M
FCF Margin
MATV
MATV
MCW
MCW
Q4 25
1.7%
-6.4%
Q3 25
13.0%
9.8%
Q2 25
9.3%
-4.2%
Q1 25
-6.1%
12.4%
Q4 24
0.4%
-8.1%
Q3 24
5.1%
-6.8%
Q2 24
7.1%
-8.0%
Q1 24
-5.0%
-10.0%
Capex Intensity
MATV
MATV
MCW
MCW
Q4 25
2.4%
29.4%
Q3 25
1.2%
24.9%
Q2 25
1.7%
21.9%
Q1 25
2.9%
21.1%
Q4 24
4.8%
27.9%
Q3 24
2.4%
38.8%
Q2 24
1.7%
31.9%
Q1 24
2.4%
34.2%
Cash Conversion
MATV
MATV
MCW
MCW
Q4 25
0.19×
2.99×
Q3 25
3.33×
Q2 25
1.64×
Q1 25
3.24×
Q4 24
16.07×
5.43×
Q3 24
3.58×
Q2 24
2.76×
Q1 24
3.49×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MATV
MATV

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

MCW
MCW

Transferred Over Time$205.7M79%
Transferred At Point In Time$55.2M21%

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