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

Nomad Foods Ltd is the larger business by last-quarter revenue ($834.9M vs $463.1M, roughly 1.8× Mativ Holdings, Inc.). On growth, Mativ Holdings, Inc. posted the faster year-over-year revenue change (1.0% vs -2.6%). Nomad Foods Ltd produced more free cash flow last quarter ($272.4M vs $8.0M).

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.

Nomad Foods is the largest frozen food company in Europe, whose popular brands include Birds Eye, Ledo, Iglo, Findus, and Frikom. The company manufactures, sells and distributes a range of frozen food products across 22 European markets, with its headquarters in the United Kingdom. The most popular products in Nomad Foods’ portfolio include fish fingers, creamed spinach, peas and chicken. Nomad Foods is listed on the New York Stock Exchange trading under the ticker “NOMD”.

MATV vs NOMD — Head-to-Head

Bigger by revenue
NOMD
NOMD
1.8× larger
NOMD
$834.9M
$463.1M
MATV
Growing faster (revenue YoY)
MATV
MATV
+3.5% gap
MATV
1.0%
-2.6%
NOMD
More free cash flow
NOMD
NOMD
$264.4M more FCF
NOMD
$272.4M
$8.0M
MATV

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MATV
MATV
NOMD
NOMD
Revenue
$463.1M
$834.9M
Net Profit
$100.8M
Gross Margin
18.8%
25.6%
Operating Margin
2.2%
9.1%
Net Margin
21.8%
Revenue YoY
1.0%
-2.6%
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
MATV
MATV
NOMD
NOMD
Q4 25
$463.1M
$834.9M
Q3 25
$513.7M
Q2 25
$525.4M
Q1 25
$484.8M
Q4 24
$458.6M
$856.9M
Q3 24
$498.5M
Q2 24
$523.8M
Q1 24
$500.2M
Net Profit
MATV
MATV
NOMD
NOMD
Q4 25
$100.8M
Q3 25
$-3.2M
Q2 25
$-9.5M
Q1 25
$-425.5M
Q4 24
$1.5M
$55.5M
Q3 24
$-20.8M
Q2 24
$-1.4M
Q1 24
$-28.0M
Gross Margin
MATV
MATV
NOMD
NOMD
Q4 25
18.8%
25.6%
Q3 25
19.3%
Q2 25
19.7%
Q1 25
15.0%
Q4 24
16.9%
28.5%
Q3 24
18.8%
Q2 24
20.8%
Q1 24
16.8%
Operating Margin
MATV
MATV
NOMD
NOMD
Q4 25
2.2%
9.1%
Q3 25
3.1%
Q2 25
3.8%
Q1 25
-88.8%
Q4 24
0.6%
11.5%
Q3 24
1.4%
Q2 24
2.0%
Q1 24
-2.8%
Net Margin
MATV
MATV
NOMD
NOMD
Q4 25
21.8%
Q3 25
-0.6%
Q2 25
-1.8%
Q1 25
-87.8%
Q4 24
0.3%
6.5%
Q3 24
-4.2%
Q2 24
-0.3%
Q1 24
-5.6%
EPS (diluted)
MATV
MATV
NOMD
NOMD
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
Q1 24
$-0.52

Balance Sheet & Financial Strength

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

Metric
MATV
MATV
NOMD
NOMD
Cash + ST InvestmentsLiquidity on hand
$84.2M
Total DebtLower is stronger
$1.0B
$2.5B
Stockholders' EquityBook value
$498.7M
$2.7B
Total Assets
$2.1B
$6.8B
Debt / EquityLower = less leverage
2.07×
0.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MATV
MATV
NOMD
NOMD
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
Q1 24
$128.9M
Total Debt
MATV
MATV
NOMD
NOMD
Q4 25
$1.0B
$2.5B
Q3 25
$1.0B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
$2.4B
Q3 24
$1.2B
Q2 24
$1.2B
Q1 24
$1.2B
Stockholders' Equity
MATV
MATV
NOMD
NOMD
Q4 25
$498.7M
$2.7B
Q3 25
$397.4M
Q2 25
$416.6M
Q1 25
$428.2M
Q4 24
$858.5M
$2.9B
Q3 24
$882.3M
Q2 24
$898.0M
Q1 24
$906.9M
Total Assets
MATV
MATV
NOMD
NOMD
Q4 25
$2.1B
$6.8B
Q3 25
$2.0B
Q2 25
$2.1B
Q1 25
$2.1B
Q4 24
$2.4B
$6.9B
Q3 24
$2.6B
Q2 24
$2.6B
Q1 24
$2.7B
Debt / Equity
MATV
MATV
NOMD
NOMD
Q4 25
2.07×
0.92×
Q3 25
2.63×
Q2 25
2.66×
Q1 25
2.67×
Q4 24
1.30×
0.82×
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
NOMD
NOMD
Operating Cash FlowLast quarter
$19.3M
$357.2M
Free Cash FlowOCF − Capex
$8.0M
$272.4M
FCF MarginFCF / Revenue
1.7%
32.6%
Capex IntensityCapex / Revenue
2.4%
10.2%
Cash ConversionOCF / Net Profit
0.19×
TTM Free Cash FlowTrailing 4 quarters
$93.8M
$1.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MATV
MATV
NOMD
NOMD
Q4 25
$19.3M
$357.2M
Q3 25
$72.8M
Q2 25
$57.6M
Q1 25
$-15.9M
Q4 24
$24.1M
$470.2M
Q3 24
$37.6M
Q2 24
$46.1M
Q1 24
$-13.0M
Free Cash Flow
MATV
MATV
NOMD
NOMD
Q4 25
$8.0M
$272.4M
Q3 25
$66.7M
Q2 25
$48.9M
Q1 25
$-29.8M
Q4 24
$2.0M
$383.5M
Q3 24
$25.5M
Q2 24
$37.4M
Q1 24
$-25.1M
FCF Margin
MATV
MATV
NOMD
NOMD
Q4 25
1.7%
32.6%
Q3 25
13.0%
Q2 25
9.3%
Q1 25
-6.1%
Q4 24
0.4%
44.8%
Q3 24
5.1%
Q2 24
7.1%
Q1 24
-5.0%
Capex Intensity
MATV
MATV
NOMD
NOMD
Q4 25
2.4%
10.2%
Q3 25
1.2%
Q2 25
1.7%
Q1 25
2.9%
Q4 24
4.8%
10.1%
Q3 24
2.4%
Q2 24
1.7%
Q1 24
2.4%
Cash Conversion
MATV
MATV
NOMD
NOMD
Q4 25
0.19×
Q3 25
Q2 25
Q1 25
Q4 24
16.07×
8.47×
Q3 24
Q2 24
Q1 24

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%

NOMD
NOMD

Segment breakdown not available.

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