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Side-by-side financial comparison of Mativ Holdings, Inc. (MATV) and NEUROCRINE BIOSCIENCES INC (NBIX). Click either name above to swap in a different company.

NEUROCRINE BIOSCIENCES INC is the larger business by last-quarter revenue ($805.5M vs $463.1M, roughly 1.7× Mativ Holdings, Inc.). Mativ Holdings, Inc. runs the higher net margin — 21.8% vs 19.1%, a 2.7% gap on every dollar of revenue. On growth, NEUROCRINE BIOSCIENCES INC posted the faster year-over-year revenue change (28.3% vs 1.0%). NEUROCRINE BIOSCIENCES INC produced more free cash flow last quarter ($386.0M vs $8.0M). Over the past eight quarters, NEUROCRINE BIOSCIENCES INC's revenue compounded faster (25.0% 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.

Neurocrine Biosciences, Inc. is an American biopharmaceutical company founded in 1992. It is headquartered in San Diego, California, and led by CEO Kyle Gano as of October 11, 2024. Neurocrine develops treatments for neurological and endocrine-related diseases and disorders. In 2017, the company's drug valbenazine (Ingrezza) was approved in the US to treat adults with tardive dyskinesia (TD).

MATV vs NBIX — Head-to-Head

Bigger by revenue
NBIX
NBIX
1.7× larger
NBIX
$805.5M
$463.1M
MATV
Growing faster (revenue YoY)
NBIX
NBIX
+27.3% gap
NBIX
28.3%
1.0%
MATV
Higher net margin
MATV
MATV
2.7% more per $
MATV
21.8%
19.1%
NBIX
More free cash flow
NBIX
NBIX
$378.0M more FCF
NBIX
$386.0M
$8.0M
MATV
Faster 2-yr revenue CAGR
NBIX
NBIX
Annualised
NBIX
25.0%
-3.8%
MATV

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MATV
MATV
NBIX
NBIX
Revenue
$463.1M
$805.5M
Net Profit
$100.8M
$153.7M
Gross Margin
18.8%
97.8%
Operating Margin
2.2%
26.2%
Net Margin
21.8%
19.1%
Revenue YoY
1.0%
28.3%
Net Profit YoY
6620.0%
49.1%
EPS (diluted)
$1.87
$1.49

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
NBIX
NBIX
Q4 25
$463.1M
$805.5M
Q3 25
$513.7M
$794.9M
Q2 25
$525.4M
$687.5M
Q1 25
$484.8M
$572.6M
Q4 24
$458.6M
$627.7M
Q3 24
$498.5M
$622.1M
Q2 24
$523.8M
$590.2M
Q1 24
$500.2M
$515.3M
Net Profit
MATV
MATV
NBIX
NBIX
Q4 25
$100.8M
$153.7M
Q3 25
$-3.2M
$209.5M
Q2 25
$-9.5M
$107.5M
Q1 25
$-425.5M
$7.9M
Q4 24
$1.5M
$103.1M
Q3 24
$-20.8M
$129.8M
Q2 24
$-1.4M
$65.0M
Q1 24
$-28.0M
$43.4M
Gross Margin
MATV
MATV
NBIX
NBIX
Q4 25
18.8%
97.8%
Q3 25
19.3%
98.2%
Q2 25
19.7%
98.4%
Q1 25
15.0%
98.4%
Q4 24
16.9%
98.5%
Q3 24
18.8%
98.7%
Q2 24
20.8%
98.4%
Q1 24
16.8%
98.5%
Operating Margin
MATV
MATV
NBIX
NBIX
Q4 25
2.2%
26.2%
Q3 25
3.1%
30.1%
Q2 25
3.8%
21.2%
Q1 25
-88.8%
4.1%
Q4 24
0.6%
22.6%
Q3 24
1.4%
29.5%
Q2 24
2.0%
24.6%
Q1 24
-2.8%
19.3%
Net Margin
MATV
MATV
NBIX
NBIX
Q4 25
21.8%
19.1%
Q3 25
-0.6%
26.4%
Q2 25
-1.8%
15.6%
Q1 25
-87.8%
1.4%
Q4 24
0.3%
16.4%
Q3 24
-4.2%
20.9%
Q2 24
-0.3%
11.0%
Q1 24
-5.6%
8.4%
EPS (diluted)
MATV
MATV
NBIX
NBIX
Q4 25
$1.87
$1.49
Q3 25
$-0.06
$2.04
Q2 25
$-0.18
$1.06
Q1 25
$-7.82
$0.08
Q4 24
$0.03
$1.00
Q3 24
$-0.38
$1.24
Q2 24
$-0.03
$0.63
Q1 24
$-0.52
$0.42

Balance Sheet & Financial Strength

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

Metric
MATV
MATV
NBIX
NBIX
Cash + ST InvestmentsLiquidity on hand
$84.2M
$713.0M
Total DebtLower is stronger
$1.0B
Stockholders' EquityBook value
$498.7M
$3.3B
Total Assets
$2.1B
$4.6B
Debt / EquityLower = less leverage
2.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MATV
MATV
NBIX
NBIX
Q4 25
$84.2M
$713.0M
Q3 25
$97.1M
$340.2M
Q2 25
$95.6M
$264.0M
Q1 25
$84.0M
$194.1M
Q4 24
$94.3M
$233.0M
Q3 24
$162.2M
$349.1M
Q2 24
$133.4M
$139.7M
Q1 24
$128.9M
$396.3M
Total Debt
MATV
MATV
NBIX
NBIX
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
NBIX
NBIX
Q4 25
$498.7M
$3.3B
Q3 25
$397.4M
$3.0B
Q2 25
$416.6M
$2.7B
Q1 25
$428.2M
$2.5B
Q4 24
$858.5M
$2.6B
Q3 24
$882.3M
$2.7B
Q2 24
$898.0M
$2.5B
Q1 24
$906.9M
$2.4B
Total Assets
MATV
MATV
NBIX
NBIX
Q4 25
$2.1B
$4.6B
Q3 25
$2.0B
$4.3B
Q2 25
$2.1B
$3.9B
Q1 25
$2.1B
$3.7B
Q4 24
$2.4B
$3.7B
Q3 24
$2.6B
$3.5B
Q2 24
$2.6B
$3.3B
Q1 24
$2.7B
$3.5B
Debt / Equity
MATV
MATV
NBIX
NBIX
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
NBIX
NBIX
Operating Cash FlowLast quarter
$19.3M
$388.4M
Free Cash FlowOCF − Capex
$8.0M
$386.0M
FCF MarginFCF / Revenue
1.7%
47.9%
Capex IntensityCapex / Revenue
2.4%
0.3%
Cash ConversionOCF / Net Profit
0.19×
2.53×
TTM Free Cash FlowTrailing 4 quarters
$93.8M
$743.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MATV
MATV
NBIX
NBIX
Q4 25
$19.3M
$388.4M
Q3 25
$72.8M
$227.5M
Q2 25
$57.6M
$102.0M
Q1 25
$-15.9M
$64.8M
Q4 24
$24.1M
$242.5M
Q3 24
$37.6M
$158.0M
Q2 24
$46.1M
$64.6M
Q1 24
$-13.0M
$130.3M
Free Cash Flow
MATV
MATV
NBIX
NBIX
Q4 25
$8.0M
$386.0M
Q3 25
$66.7M
$214.3M
Q2 25
$48.9M
$89.5M
Q1 25
$-29.8M
$54.1M
Q4 24
$2.0M
$235.2M
Q3 24
$25.5M
$149.9M
Q2 24
$37.4M
$53.0M
Q1 24
$-25.1M
$119.1M
FCF Margin
MATV
MATV
NBIX
NBIX
Q4 25
1.7%
47.9%
Q3 25
13.0%
27.0%
Q2 25
9.3%
13.0%
Q1 25
-6.1%
9.4%
Q4 24
0.4%
37.5%
Q3 24
5.1%
24.1%
Q2 24
7.1%
9.0%
Q1 24
-5.0%
23.1%
Capex Intensity
MATV
MATV
NBIX
NBIX
Q4 25
2.4%
0.3%
Q3 25
1.2%
1.7%
Q2 25
1.7%
1.8%
Q1 25
2.9%
1.9%
Q4 24
4.8%
1.2%
Q3 24
2.4%
1.3%
Q2 24
1.7%
2.0%
Q1 24
2.4%
2.2%
Cash Conversion
MATV
MATV
NBIX
NBIX
Q4 25
0.19×
2.53×
Q3 25
1.09×
Q2 25
0.95×
Q1 25
8.20×
Q4 24
16.07×
2.35×
Q3 24
1.22×
Q2 24
0.99×
Q1 24
3.00×

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%

NBIX
NBIX

INGREZZA Net Product Sales$653.8M81%
CRENESSITY Net Product Sales$135.4M17%
Other Income$12.6M2%
Collaboration Revenue$7.2M1%

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