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

PTC Inc. is the larger business by last-quarter revenue ($685.8M vs $463.1M, roughly 1.5× Mativ Holdings, Inc.). PTC Inc. runs the higher net margin — 24.3% vs 21.8%, a 2.5% gap on every dollar of revenue. On growth, PTC Inc. posted the faster year-over-year revenue change (21.4% vs 1.0%). PTC Inc. produced more free cash flow last quarter ($267.4M vs $8.0M). Over the past eight quarters, PTC Inc.'s revenue compounded faster (6.6% 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.

PTC Inc. is an American computer software and services company founded in 1985 and headquartered in Boston, Massachusetts. The company was a pioneer in parametric, associative feature-based, solid computer-aided design (CAD) modeling software in 1988, including an Internet-based product for Product Lifecycle Management (PLM) in 1998. PTC markets products and services and an Internet of Things (IoT) and augmented reality (AR) platform for partners and developers.

MATV vs PTC — Head-to-Head

Bigger by revenue
PTC
PTC
1.5× larger
PTC
$685.8M
$463.1M
MATV
Growing faster (revenue YoY)
PTC
PTC
+20.4% gap
PTC
21.4%
1.0%
MATV
Higher net margin
PTC
PTC
2.5% more per $
PTC
24.3%
21.8%
MATV
More free cash flow
PTC
PTC
$259.4M more FCF
PTC
$267.4M
$8.0M
MATV
Faster 2-yr revenue CAGR
PTC
PTC
Annualised
PTC
6.6%
-3.8%
MATV

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
MATV
MATV
PTC
PTC
Revenue
$463.1M
$685.8M
Net Profit
$100.8M
$166.5M
Gross Margin
18.8%
82.8%
Operating Margin
2.2%
32.2%
Net Margin
21.8%
24.3%
Revenue YoY
1.0%
21.4%
Net Profit YoY
6620.0%
102.5%
EPS (diluted)
$1.87
$1.39

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
PTC
PTC
Q4 25
$463.1M
$685.8M
Q3 25
$513.7M
$893.8M
Q2 25
$525.4M
$643.9M
Q1 25
$484.8M
$636.4M
Q4 24
$458.6M
$565.1M
Q3 24
$498.5M
$626.5M
Q2 24
$523.8M
$518.6M
Q1 24
$500.2M
$603.1M
Net Profit
MATV
MATV
PTC
PTC
Q4 25
$100.8M
$166.5M
Q3 25
$-3.2M
$347.8M
Q2 25
$-9.5M
$141.3M
Q1 25
$-425.5M
$162.6M
Q4 24
$1.5M
$82.2M
Q3 24
$-20.8M
$126.5M
Q2 24
$-1.4M
$69.0M
Q1 24
$-28.0M
$114.4M
Gross Margin
MATV
MATV
PTC
PTC
Q4 25
18.8%
82.8%
Q3 25
19.3%
86.9%
Q2 25
19.7%
82.9%
Q1 25
15.0%
83.3%
Q4 24
16.9%
80.2%
Q3 24
18.8%
82.0%
Q2 24
20.8%
78.4%
Q1 24
16.8%
81.8%
Operating Margin
MATV
MATV
PTC
PTC
Q4 25
2.2%
32.2%
Q3 25
3.1%
48.5%
Q2 25
3.8%
32.6%
Q1 25
-88.8%
35.1%
Q4 24
0.6%
20.4%
Q3 24
1.4%
31.0%
Q2 24
2.0%
18.5%
Q1 24
-2.8%
29.8%
Net Margin
MATV
MATV
PTC
PTC
Q4 25
21.8%
24.3%
Q3 25
-0.6%
38.9%
Q2 25
-1.8%
21.9%
Q1 25
-87.8%
25.6%
Q4 24
0.3%
14.6%
Q3 24
-4.2%
20.2%
Q2 24
-0.3%
13.3%
Q1 24
-5.6%
19.0%
EPS (diluted)
MATV
MATV
PTC
PTC
Q4 25
$1.87
$1.39
Q3 25
$-0.06
$2.88
Q2 25
$-0.18
$1.17
Q1 25
$-7.82
$1.35
Q4 24
$0.03
$0.68
Q3 24
$-0.38
$1.05
Q2 24
$-0.03
$0.57
Q1 24
$-0.52
$0.95

Balance Sheet & Financial Strength

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

Metric
MATV
MATV
PTC
PTC
Cash + ST InvestmentsLiquidity on hand
$84.2M
$209.7M
Total DebtLower is stronger
$1.0B
$1.2B
Stockholders' EquityBook value
$498.7M
$3.8B
Total Assets
$2.1B
$6.4B
Debt / EquityLower = less leverage
2.07×
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MATV
MATV
PTC
PTC
Q4 25
$84.2M
$209.7M
Q3 25
$97.1M
$184.4M
Q2 25
$95.6M
$199.3M
Q1 25
$84.0M
$235.2M
Q4 24
$94.3M
$196.3M
Q3 24
$162.2M
$265.8M
Q2 24
$133.4M
$247.7M
Q1 24
$128.9M
$249.0M
Total Debt
MATV
MATV
PTC
PTC
Q4 25
$1.0B
$1.2B
Q3 25
$1.0B
$1.2B
Q2 25
$1.1B
$1.2B
Q1 25
$1.1B
$1.4B
Q4 24
$1.1B
$1.0B
Q3 24
$1.2B
$1.2B
Q2 24
$1.2B
$1.3B
Q1 24
$1.2B
$1.5B
Stockholders' Equity
MATV
MATV
PTC
PTC
Q4 25
$498.7M
$3.8B
Q3 25
$397.4M
$3.8B
Q2 25
$416.6M
$3.5B
Q1 25
$428.2M
$3.4B
Q4 24
$858.5M
$3.2B
Q3 24
$882.3M
$3.2B
Q2 24
$898.0M
$3.0B
Q1 24
$906.9M
$2.9B
Total Assets
MATV
MATV
PTC
PTC
Q4 25
$2.1B
$6.4B
Q3 25
$2.0B
$6.6B
Q2 25
$2.1B
$6.2B
Q1 25
$2.1B
$6.2B
Q4 24
$2.4B
$6.1B
Q3 24
$2.6B
$6.4B
Q2 24
$2.6B
$6.1B
Q1 24
$2.7B
$6.2B
Debt / Equity
MATV
MATV
PTC
PTC
Q4 25
2.07×
0.31×
Q3 25
2.63×
0.31×
Q2 25
2.66×
0.34×
Q1 25
2.67×
0.40×
Q4 24
1.30×
0.32×
Q3 24
1.32×
0.38×
Q2 24
1.29×
0.43×
Q1 24
1.30×
0.51×

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
PTC
PTC
Operating Cash FlowLast quarter
$19.3M
$269.7M
Free Cash FlowOCF − Capex
$8.0M
$267.4M
FCF MarginFCF / Revenue
1.7%
39.0%
Capex IntensityCapex / Revenue
2.4%
0.3%
Cash ConversionOCF / Net Profit
0.19×
1.62×
TTM Free Cash FlowTrailing 4 quarters
$93.8M
$888.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MATV
MATV
PTC
PTC
Q4 25
$19.3M
$269.7M
Q3 25
$72.8M
$104.0M
Q2 25
$57.6M
$243.9M
Q1 25
$-15.9M
$281.3M
Q4 24
$24.1M
$238.4M
Q3 24
$37.6M
$98.1M
Q2 24
$46.1M
$213.8M
Q1 24
$-13.0M
$250.7M
Free Cash Flow
MATV
MATV
PTC
PTC
Q4 25
$8.0M
$267.4M
Q3 25
$66.7M
$100.5M
Q2 25
$48.9M
$242.0M
Q1 25
$-29.8M
$278.5M
Q4 24
$2.0M
$235.7M
Q3 24
$25.5M
$93.6M
Q2 24
$37.4M
$212.2M
Q1 24
$-25.1M
$247.1M
FCF Margin
MATV
MATV
PTC
PTC
Q4 25
1.7%
39.0%
Q3 25
13.0%
11.2%
Q2 25
9.3%
37.6%
Q1 25
-6.1%
43.8%
Q4 24
0.4%
41.7%
Q3 24
5.1%
14.9%
Q2 24
7.1%
40.9%
Q1 24
-5.0%
41.0%
Capex Intensity
MATV
MATV
PTC
PTC
Q4 25
2.4%
0.3%
Q3 25
1.2%
0.4%
Q2 25
1.7%
0.3%
Q1 25
2.9%
0.4%
Q4 24
4.8%
0.5%
Q3 24
2.4%
0.7%
Q2 24
1.7%
0.3%
Q1 24
2.4%
0.6%
Cash Conversion
MATV
MATV
PTC
PTC
Q4 25
0.19×
1.62×
Q3 25
0.30×
Q2 25
1.73×
Q1 25
1.73×
Q4 24
16.07×
2.90×
Q3 24
0.78×
Q2 24
3.10×
Q1 24
2.19×

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%

PTC
PTC

Support And Cloud Services$393.3M57%
License$269.7M39%
Technology Service$22.9M3%
Perpetual License$5.6M1%

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