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

Mativ Holdings, Inc. is the larger business by last-quarter revenue ($463.1M vs $281.9M, roughly 1.6× SailPoint, Inc.). Mativ Holdings, Inc. runs the higher net margin — 21.8% vs -12.8%, a 34.5% gap on every dollar of revenue. On growth, SailPoint, Inc. posted the faster year-over-year revenue change (6.7% vs 1.0%). SailPoint, Inc. produced more free cash flow last quarter ($52.5M 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.

Steel Authority of India Limited (SAIL) is an Indian public sector steel manufacturing corporation based in New Delhi designated as Maharatna CPSE. It is the largest government-owned steel producer, with an annual production of 18.29 million metric tons. Incorporated on 24 January 1973, SAIL has 51,351 employees and is under the administrative control of the Ministry of Steel.

MATV vs SAIL — Head-to-Head

Bigger by revenue
MATV
MATV
1.6× larger
MATV
$463.1M
$281.9M
SAIL
Growing faster (revenue YoY)
SAIL
SAIL
+5.7% gap
SAIL
6.7%
1.0%
MATV
Higher net margin
MATV
MATV
34.5% more per $
MATV
21.8%
-12.8%
SAIL
More free cash flow
SAIL
SAIL
$44.5M more FCF
SAIL
$52.5M
$8.0M
MATV

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
MATV
MATV
SAIL
SAIL
Revenue
$463.1M
$281.9M
Net Profit
$100.8M
$-36.0M
Gross Margin
18.8%
66.3%
Operating Margin
2.2%
-14.8%
Net Margin
21.8%
-12.8%
Revenue YoY
1.0%
6.7%
Net Profit YoY
6620.0%
-240.9%
EPS (diluted)
$1.87
$-0.06

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
SAIL
SAIL
Q4 25
$463.1M
$281.9M
Q3 25
$513.7M
$264.4M
Q2 25
$525.4M
$230.5M
Q1 25
$484.8M
$240.1M
Q4 24
$458.6M
Q3 24
$498.5M
$198.6M
Q2 24
$523.8M
$187.7M
Q1 24
$500.2M
Net Profit
MATV
MATV
SAIL
SAIL
Q4 25
$100.8M
$-36.0M
Q3 25
$-3.2M
$-10.6M
Q2 25
$-9.5M
$-187.3M
Q1 25
$-425.5M
$-80.1M
Q4 24
$1.5M
Q3 24
$-20.8M
$-87.1M
Q2 24
$-1.4M
$-89.2M
Q1 24
$-28.0M
Gross Margin
MATV
MATV
SAIL
SAIL
Q4 25
18.8%
66.3%
Q3 25
19.3%
67.3%
Q2 25
19.7%
55.4%
Q1 25
15.0%
66.5%
Q4 24
16.9%
Q3 24
18.8%
62.1%
Q2 24
20.8%
61.5%
Q1 24
16.8%
Operating Margin
MATV
MATV
SAIL
SAIL
Q4 25
2.2%
-14.8%
Q3 25
3.1%
-15.4%
Q2 25
3.8%
-80.3%
Q1 25
-88.8%
-12.6%
Q4 24
0.6%
Q3 24
1.4%
-33.2%
Q2 24
2.0%
-36.3%
Q1 24
-2.8%
Net Margin
MATV
MATV
SAIL
SAIL
Q4 25
21.8%
-12.8%
Q3 25
-0.6%
-4.0%
Q2 25
-1.8%
-81.3%
Q1 25
-87.8%
-33.4%
Q4 24
0.3%
Q3 24
-4.2%
-43.9%
Q2 24
-0.3%
-47.5%
Q1 24
-5.6%
EPS (diluted)
MATV
MATV
SAIL
SAIL
Q4 25
$1.87
$-0.06
Q3 25
$-0.06
$-0.02
Q2 25
$-0.18
$-0.42
Q1 25
$-7.82
$-6.50
Q4 24
$0.03
Q3 24
$-0.38
$-2.97
Q2 24
$-0.03
$-0.77
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
SAIL
SAIL
Cash + ST InvestmentsLiquidity on hand
$84.2M
$298.1M
Total DebtLower is stronger
$1.0B
$0
Stockholders' EquityBook value
$498.7M
$6.8B
Total Assets
$2.1B
$7.5B
Debt / EquityLower = less leverage
2.07×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MATV
MATV
SAIL
SAIL
Q4 25
$84.2M
$298.1M
Q3 25
$97.1M
$271.1M
Q2 25
$95.6M
$228.1M
Q1 25
$84.0M
$121.3M
Q4 24
$94.3M
Q3 24
$162.2M
$89.7M
Q2 24
$133.4M
$146.8M
Q1 24
$128.9M
Total Debt
MATV
MATV
SAIL
SAIL
Q4 25
$1.0B
$0
Q3 25
$1.0B
$0
Q2 25
$1.1B
$0
Q1 25
$1.1B
$1.0B
Q4 24
$1.1B
Q3 24
$1.2B
Q2 24
$1.2B
Q1 24
$1.2B
Stockholders' Equity
MATV
MATV
SAIL
SAIL
Q4 25
$498.7M
$6.8B
Q3 25
$397.4M
$6.8B
Q2 25
$416.6M
$6.8B
Q1 25
$428.2M
$-5.6B
Q4 24
$858.5M
Q3 24
$882.3M
$-701.3M
Q2 24
$898.0M
$-622.5M
Q1 24
$906.9M
Total Assets
MATV
MATV
SAIL
SAIL
Q4 25
$2.1B
$7.5B
Q3 25
$2.0B
$7.4B
Q2 25
$2.1B
$7.4B
Q1 25
$2.1B
$7.4B
Q4 24
$2.4B
Q3 24
$2.6B
Q2 24
$2.6B
Q1 24
$2.7B
Debt / Equity
MATV
MATV
SAIL
SAIL
Q4 25
2.07×
0.00×
Q3 25
2.63×
0.00×
Q2 25
2.66×
0.00×
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
SAIL
SAIL
Operating Cash FlowLast quarter
$19.3M
$53.6M
Free Cash FlowOCF − Capex
$8.0M
$52.5M
FCF MarginFCF / Revenue
1.7%
18.6%
Capex IntensityCapex / Revenue
2.4%
0.4%
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
SAIL
SAIL
Q4 25
$19.3M
$53.6M
Q3 25
$72.8M
$49.9M
Q2 25
$57.6M
$-96.8M
Q1 25
$-15.9M
Q4 24
$24.1M
Q3 24
$37.6M
Q2 24
$46.1M
$-55.4M
Q1 24
$-13.0M
Free Cash Flow
MATV
MATV
SAIL
SAIL
Q4 25
$8.0M
$52.5M
Q3 25
$66.7M
$49.0M
Q2 25
$48.9M
$-99.0M
Q1 25
$-29.8M
Q4 24
$2.0M
Q3 24
$25.5M
Q2 24
$37.4M
$-56.0M
Q1 24
$-25.1M
FCF Margin
MATV
MATV
SAIL
SAIL
Q4 25
1.7%
18.6%
Q3 25
13.0%
18.5%
Q2 25
9.3%
-43.0%
Q1 25
-6.1%
Q4 24
0.4%
Q3 24
5.1%
Q2 24
7.1%
-29.8%
Q1 24
-5.0%
Capex Intensity
MATV
MATV
SAIL
SAIL
Q4 25
2.4%
0.4%
Q3 25
1.2%
0.4%
Q2 25
1.7%
1.0%
Q1 25
2.9%
Q4 24
4.8%
Q3 24
2.4%
Q2 24
1.7%
0.3%
Q1 24
2.4%
Cash Conversion
MATV
MATV
SAIL
SAIL
Q4 25
0.19×
Q3 25
Q2 25
Q1 25
Q4 24
16.07×
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%

SAIL
SAIL

Software As A Service Saa S$156.0M55%
Term Subscriptions Services$65.1M23%
Maintenance$38.0M13%
Other$15.7M6%
Other Subscription Services$7.1M3%

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