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

Mativ Holdings, Inc. is the larger business by last-quarter revenue ($463.1M vs $251.2M, roughly 1.8× POWELL INDUSTRIES INC). Mativ Holdings, Inc. runs the higher net margin — 21.8% vs 16.5%, a 5.3% gap on every dollar of revenue. On growth, POWELL INDUSTRIES INC posted the faster year-over-year revenue change (4.0% vs 1.0%). POWELL INDUSTRIES INC produced more free cash flow last quarter ($41.6M vs $8.0M). Over the past eight quarters, POWELL INDUSTRIES INC's revenue compounded faster (-0.8% 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.

Powell Industries, Inc. is a manufacturer of Integrated/Packaged Solutions and Electrical Equipment to monitor and control the distribution of electrical power in commercial and industrial markets founded in 1947. Its headquarters is in Houston, Texas.

MATV vs POWL — Head-to-Head

Bigger by revenue
MATV
MATV
1.8× larger
MATV
$463.1M
$251.2M
POWL
Growing faster (revenue YoY)
POWL
POWL
+3.1% gap
POWL
4.0%
1.0%
MATV
Higher net margin
MATV
MATV
5.3% more per $
MATV
21.8%
16.5%
POWL
More free cash flow
POWL
POWL
$33.6M more FCF
POWL
$41.6M
$8.0M
MATV
Faster 2-yr revenue CAGR
POWL
POWL
Annualised
POWL
-0.8%
-3.8%
MATV

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
MATV
MATV
POWL
POWL
Revenue
$463.1M
$251.2M
Net Profit
$100.8M
$41.4M
Gross Margin
18.8%
28.4%
Operating Margin
2.2%
17.0%
Net Margin
21.8%
16.5%
Revenue YoY
1.0%
4.0%
Net Profit YoY
6620.0%
19.1%
EPS (diluted)
$1.87
$3.40

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
POWL
POWL
Q4 25
$463.1M
$251.2M
Q3 25
$513.7M
$298.0M
Q2 25
$525.4M
$286.3M
Q1 25
$484.8M
$278.6M
Q4 24
$458.6M
$241.4M
Q3 24
$498.5M
$275.1M
Q2 24
$523.8M
$288.2M
Q1 24
$500.2M
$255.1M
Net Profit
MATV
MATV
POWL
POWL
Q4 25
$100.8M
$41.4M
Q3 25
$-3.2M
$51.4M
Q2 25
$-9.5M
$48.2M
Q1 25
$-425.5M
$46.3M
Q4 24
$1.5M
$34.8M
Q3 24
$-20.8M
$46.1M
Q2 24
$-1.4M
$46.2M
Q1 24
$-28.0M
$33.5M
Gross Margin
MATV
MATV
POWL
POWL
Q4 25
18.8%
28.4%
Q3 25
19.3%
31.4%
Q2 25
19.7%
30.7%
Q1 25
15.0%
29.9%
Q4 24
16.9%
24.7%
Q3 24
18.8%
29.2%
Q2 24
20.8%
28.4%
Q1 24
16.8%
24.6%
Operating Margin
MATV
MATV
POWL
POWL
Q4 25
2.2%
17.0%
Q3 25
3.1%
21.2%
Q2 25
3.8%
21.0%
Q1 25
-88.8%
21.1%
Q4 24
0.6%
14.7%
Q3 24
1.4%
20.4%
Q2 24
2.0%
19.9%
Q1 24
-2.8%
15.5%
Net Margin
MATV
MATV
POWL
POWL
Q4 25
21.8%
16.5%
Q3 25
-0.6%
17.3%
Q2 25
-1.8%
16.8%
Q1 25
-87.8%
16.6%
Q4 24
0.3%
14.4%
Q3 24
-4.2%
16.7%
Q2 24
-0.3%
16.0%
Q1 24
-5.6%
13.1%
EPS (diluted)
MATV
MATV
POWL
POWL
Q4 25
$1.87
$3.40
Q3 25
$-0.06
$4.23
Q2 25
$-0.18
$3.96
Q1 25
$-7.82
$3.81
Q4 24
$0.03
$2.86
Q3 24
$-0.38
$3.77
Q2 24
$-0.03
$3.79
Q1 24
$-0.52
$2.75

Balance Sheet & Financial Strength

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

Metric
MATV
MATV
POWL
POWL
Cash + ST InvestmentsLiquidity on hand
$84.2M
$500.8M
Total DebtLower is stronger
$1.0B
Stockholders' EquityBook value
$498.7M
$668.9M
Total Assets
$2.1B
$1.1B
Debt / EquityLower = less leverage
2.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MATV
MATV
POWL
POWL
Q4 25
$84.2M
$500.8M
Q3 25
$97.1M
$475.5M
Q2 25
$95.6M
$433.0M
Q1 25
$84.0M
$389.3M
Q4 24
$94.3M
$373.4M
Q3 24
$162.2M
$358.4M
Q2 24
$133.4M
$374.0M
Q1 24
$128.9M
$365.3M
Total Debt
MATV
MATV
POWL
POWL
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
POWL
POWL
Q4 25
$498.7M
$668.9M
Q3 25
$397.4M
$640.8M
Q2 25
$416.6M
$594.9M
Q1 25
$428.2M
$541.4M
Q4 24
$858.5M
$496.3M
Q3 24
$882.3M
$483.1M
Q2 24
$898.0M
$436.7M
Q1 24
$906.9M
$393.8M
Total Assets
MATV
MATV
POWL
POWL
Q4 25
$2.1B
$1.1B
Q3 25
$2.0B
$1.1B
Q2 25
$2.1B
$1.0B
Q1 25
$2.1B
$965.4M
Q4 24
$2.4B
$912.7M
Q3 24
$2.6B
$928.2M
Q2 24
$2.6B
$869.0M
Q1 24
$2.7B
$849.6M
Debt / Equity
MATV
MATV
POWL
POWL
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
POWL
POWL
Operating Cash FlowLast quarter
$19.3M
$43.6M
Free Cash FlowOCF − Capex
$8.0M
$41.6M
FCF MarginFCF / Revenue
1.7%
16.6%
Capex IntensityCapex / Revenue
2.4%
0.8%
Cash ConversionOCF / Net Profit
0.19×
1.05×
TTM Free Cash FlowTrailing 4 quarters
$93.8M
$161.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MATV
MATV
POWL
POWL
Q4 25
$19.3M
$43.6M
Q3 25
$72.8M
$61.1M
Q2 25
$57.6M
$47.4M
Q1 25
$-15.9M
$22.4M
Q4 24
$24.1M
$37.1M
Q3 24
$37.6M
$-6.0M
Q2 24
$46.1M
$13.8M
Q1 24
$-13.0M
$17.0M
Free Cash Flow
MATV
MATV
POWL
POWL
Q4 25
$8.0M
$41.6M
Q3 25
$66.7M
$59.3M
Q2 25
$48.9M
$42.3M
Q1 25
$-29.8M
$18.3M
Q4 24
$2.0M
$34.9M
Q3 24
$25.5M
$-14.4M
Q2 24
$37.4M
$12.4M
Q1 24
$-25.1M
$16.1M
FCF Margin
MATV
MATV
POWL
POWL
Q4 25
1.7%
16.6%
Q3 25
13.0%
19.9%
Q2 25
9.3%
14.8%
Q1 25
-6.1%
6.6%
Q4 24
0.4%
14.4%
Q3 24
5.1%
-5.3%
Q2 24
7.1%
4.3%
Q1 24
-5.0%
6.3%
Capex Intensity
MATV
MATV
POWL
POWL
Q4 25
2.4%
0.8%
Q3 25
1.2%
0.6%
Q2 25
1.7%
1.8%
Q1 25
2.9%
1.5%
Q4 24
4.8%
0.9%
Q3 24
2.4%
3.1%
Q2 24
1.7%
0.5%
Q1 24
2.4%
0.4%
Cash Conversion
MATV
MATV
POWL
POWL
Q4 25
0.19×
1.05×
Q3 25
1.19×
Q2 25
0.98×
Q1 25
0.48×
Q4 24
16.07×
1.07×
Q3 24
-0.13×
Q2 24
0.30×
Q1 24
0.51×

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%

POWL
POWL

Oil And Gas Service$97.9M39%
Electricity$69.3M28%
Commercial And Other Industrial$40.6M16%
Petrochemical$22.8M9%
Other Customers$12.0M5%
Light Rail Traction Power Customer$8.6M3%

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