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Side-by-side financial comparison of Mativ Holdings, Inc. (MATV) and Principal Financial Group (PFG). Click either name above to swap in a different company.

Principal Financial Group is the larger business by last-quarter revenue ($750.8M vs $463.1M, roughly 1.6× Mativ Holdings, Inc.). Mativ Holdings, Inc. runs the higher net margin — 21.8% vs 0.3%, a 21.5% gap on every dollar of revenue. On growth, Principal Financial Group posted the faster year-over-year revenue change (4.0% vs 1.0%). Over the past eight quarters, Mativ Holdings, Inc.'s revenue compounded faster (-3.8% CAGR vs -58.3%).

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.

Principal Financial Group, Inc. (PFG) is an American global financial investment management and insurance company headquartered in Des Moines, Iowa, United States.

MATV vs PFG — Head-to-Head

Bigger by revenue
PFG
PFG
1.6× larger
PFG
$750.8M
$463.1M
MATV
Growing faster (revenue YoY)
PFG
PFG
+3.0% gap
PFG
4.0%
1.0%
MATV
Higher net margin
MATV
MATV
21.5% more per $
MATV
21.8%
0.3%
PFG
Faster 2-yr revenue CAGR
MATV
MATV
Annualised
MATV
-3.8%
-58.3%
PFG

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
MATV
MATV
PFG
PFG
Revenue
$463.1M
$750.8M
Net Profit
$100.8M
$1.9M
Gross Margin
18.8%
Operating Margin
2.2%
Net Margin
21.8%
0.3%
Revenue YoY
1.0%
4.0%
Net Profit YoY
6620.0%
783.0%
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
PFG
PFG
Q1 26
$750.8M
Q4 25
$463.1M
$4.6B
Q3 25
$513.7M
$3.7B
Q2 25
$525.4M
$3.7B
Q1 25
$484.8M
$3.7B
Q4 24
$458.6M
$4.8B
Q3 24
$498.5M
$3.0B
Q2 24
$523.8M
$4.3B
Net Profit
MATV
MATV
PFG
PFG
Q1 26
$1.9M
Q4 25
$100.8M
$517.0M
Q3 25
$-3.2M
$213.8M
Q2 25
$-9.5M
$406.2M
Q1 25
$-425.5M
$48.1M
Q4 24
$1.5M
$905.4M
Q3 24
$-20.8M
$-220.0M
Q2 24
$-1.4M
$353.1M
Gross Margin
MATV
MATV
PFG
PFG
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
MATV
MATV
PFG
PFG
Q1 26
Q4 25
2.2%
Q3 25
3.1%
Q2 25
3.8%
Q1 25
-88.8%
Q4 24
0.6%
Q3 24
1.4%
Q2 24
2.0%
Net Margin
MATV
MATV
PFG
PFG
Q1 26
0.3%
Q4 25
21.8%
11.3%
Q3 25
-0.6%
5.8%
Q2 25
-1.8%
11.1%
Q1 25
-87.8%
1.3%
Q4 24
0.3%
19.1%
Q3 24
-4.2%
-7.3%
Q2 24
-0.3%
8.2%
EPS (diluted)
MATV
MATV
PFG
PFG
Q1 26
Q4 25
$1.87
$2.30
Q3 25
$-0.06
$0.95
Q2 25
$-0.18
$1.79
Q1 25
$-7.82
$0.21
Q4 24
$0.03
$3.92
Q3 24
$-0.38
$-0.95
Q2 24
$-0.03
$1.49

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MATV
MATV
PFG
PFG
Q1 26
Q4 25
$84.2M
$4.4B
Q3 25
$97.1M
$5.1B
Q2 25
$95.6M
$3.7B
Q1 25
$84.0M
$3.9B
Q4 24
$94.3M
$4.2B
Q3 24
$162.2M
$6.2B
Q2 24
$133.4M
$4.8B
Total Debt
MATV
MATV
PFG
PFG
Q1 26
Q4 25
$1.0B
$3.9B
Q3 25
$1.0B
$3.9B
Q2 25
$1.1B
$3.9B
Q1 25
$1.1B
$4.3B
Q4 24
$1.1B
$4.0B
Q3 24
$1.2B
$3.9B
Q2 24
$1.2B
$3.9B
Stockholders' Equity
MATV
MATV
PFG
PFG
Q1 26
Q4 25
$498.7M
$11.9B
Q3 25
$397.4M
$11.7B
Q2 25
$416.6M
$11.4B
Q1 25
$428.2M
$11.2B
Q4 24
$858.5M
$11.1B
Q3 24
$882.3M
$11.2B
Q2 24
$898.0M
$11.0B
Total Assets
MATV
MATV
PFG
PFG
Q1 26
Q4 25
$2.1B
$341.4B
Q3 25
$2.0B
$334.5B
Q2 25
$2.1B
$323.1B
Q1 25
$2.1B
$313.0B
Q4 24
$2.4B
$313.7B
Q3 24
$2.6B
$322.9B
Q2 24
$2.6B
$308.8B
Debt / Equity
MATV
MATV
PFG
PFG
Q1 26
Q4 25
2.07×
0.33×
Q3 25
2.63×
0.34×
Q2 25
2.66×
0.34×
Q1 25
2.67×
0.39×
Q4 24
1.30×
0.36×
Q3 24
1.32×
0.35×
Q2 24
1.29×
0.36×

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
PFG
PFG
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
MATV
MATV
PFG
PFG
Q1 26
Q4 25
$19.3M
$1.7B
Q3 25
$72.8M
$1.0B
Q2 25
$57.6M
$811.9M
Q1 25
$-15.9M
$977.3M
Q4 24
$24.1M
$1.5B
Q3 24
$37.6M
$1.1B
Q2 24
$46.1M
$1.4B
Free Cash Flow
MATV
MATV
PFG
PFG
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
MATV
MATV
PFG
PFG
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
MATV
MATV
PFG
PFG
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
MATV
MATV
PFG
PFG
Q1 26
Q4 25
0.19×
3.37×
Q3 25
4.70×
Q2 25
2.00×
Q1 25
20.32×
Q4 24
16.07×
1.61×
Q3 24
Q2 24
4.05×

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%

PFG
PFG

Segment breakdown not available.

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