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

Seneca Foods Corp is the larger business by last-quarter revenue ($508.3M vs $463.1M, roughly 1.1× Mativ Holdings, Inc.). Mativ Holdings, Inc. runs the higher net margin — 21.8% vs 8.8%, a 13.0% gap on every dollar of revenue. On growth, Seneca Foods Corp posted the faster year-over-year revenue change (1.1% vs 1.0%). Seneca Foods Corp produced more free cash flow last quarter ($22.9M vs $8.0M). Over the past eight quarters, Seneca Foods Corp's revenue compounded faster (77.1% 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.

Seneca Foods Corporation is an American food processor and distributor headquartered in Fairport, New York, United States. Seneca Foods Corporation conducts its business almost entirely in food packaging, which contributed to about 98% of the company's fiscal year net sales in 2017. Canned vegetables represented 65%, fruit products represented 23%, frozen fruit and vegetables represented 11% and fruit chip products represented 1% of the total food packaging net sales. Non-food packaging sales...

MATV vs SENEB — Head-to-Head

Bigger by revenue
SENEB
SENEB
1.1× larger
SENEB
$508.3M
$463.1M
MATV
Growing faster (revenue YoY)
SENEB
SENEB
+0.1% gap
SENEB
1.1%
1.0%
MATV
Higher net margin
MATV
MATV
13.0% more per $
MATV
21.8%
8.8%
SENEB
More free cash flow
SENEB
SENEB
$14.9M more FCF
SENEB
$22.9M
$8.0M
MATV
Faster 2-yr revenue CAGR
SENEB
SENEB
Annualised
SENEB
77.1%
-3.8%
MATV

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
MATV
MATV
SENEB
SENEB
Revenue
$463.1M
$508.3M
Net Profit
$100.8M
$44.8M
Gross Margin
18.8%
16.4%
Operating Margin
2.2%
11.8%
Net Margin
21.8%
8.8%
Revenue YoY
1.0%
1.1%
Net Profit YoY
6620.0%
205.4%
EPS (diluted)
$1.87
$6.48

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
SENEB
SENEB
Q4 25
$463.1M
$508.3M
Q3 25
$513.7M
$460.0M
Q2 25
$525.4M
$297.5M
Q1 25
$484.8M
$345.8M
Q4 24
$458.6M
$502.9M
Q3 24
$498.5M
$425.5M
Q2 24
$523.8M
$304.7M
Q1 24
$500.2M
$162.2M
Net Profit
MATV
MATV
SENEB
SENEB
Q4 25
$100.8M
$44.8M
Q3 25
$-3.2M
$29.7M
Q2 25
$-9.5M
$14.9M
Q1 25
$-425.5M
$601.0K
Q4 24
$1.5M
$14.7M
Q3 24
$-20.8M
$13.3M
Q2 24
$-1.4M
$12.7M
Q1 24
$-28.0M
Gross Margin
MATV
MATV
SENEB
SENEB
Q4 25
18.8%
16.4%
Q3 25
19.3%
13.4%
Q2 25
19.7%
14.1%
Q1 25
15.0%
4.5%
Q4 24
16.9%
9.8%
Q3 24
18.8%
10.1%
Q2 24
20.8%
14.0%
Q1 24
16.8%
Operating Margin
MATV
MATV
SENEB
SENEB
Q4 25
2.2%
11.8%
Q3 25
3.1%
9.0%
Q2 25
3.8%
7.8%
Q1 25
-88.8%
0.6%
Q4 24
0.6%
5.1%
Q3 24
1.4%
5.8%
Q2 24
2.0%
8.3%
Q1 24
-2.8%
2.5%
Net Margin
MATV
MATV
SENEB
SENEB
Q4 25
21.8%
8.8%
Q3 25
-0.6%
6.5%
Q2 25
-1.8%
5.0%
Q1 25
-87.8%
0.2%
Q4 24
0.3%
2.9%
Q3 24
-4.2%
3.1%
Q2 24
-0.3%
4.2%
Q1 24
-5.6%
EPS (diluted)
MATV
MATV
SENEB
SENEB
Q4 25
$1.87
$6.48
Q3 25
$-0.06
$4.29
Q2 25
$-0.18
$2.14
Q1 25
$-7.82
$0.10
Q4 24
$0.03
$2.10
Q3 24
$-0.38
$1.90
Q2 24
$-0.03
$1.80
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
SENEB
SENEB
Cash + ST InvestmentsLiquidity on hand
$84.2M
$33.3M
Total DebtLower is stronger
$1.0B
$275.8M
Stockholders' EquityBook value
$498.7M
$713.9M
Total Assets
$2.1B
$1.2B
Debt / EquityLower = less leverage
2.07×
0.39×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MATV
MATV
SENEB
SENEB
Q4 25
$84.2M
$33.3M
Q3 25
$97.1M
$18.1M
Q2 25
$95.6M
$12.1M
Q1 25
$84.0M
$42.7M
Q4 24
$94.3M
$5.3M
Q3 24
$162.2M
$9.5M
Q2 24
$133.4M
$5.5M
Q1 24
$128.9M
$4.5M
Total Debt
MATV
MATV
SENEB
SENEB
Q4 25
$1.0B
$275.8M
Q3 25
$1.0B
$280.2M
Q2 25
$1.1B
$293.9M
Q1 25
$1.1B
$369.9M
Q4 24
$1.1B
$416.2M
Q3 24
$1.2B
$504.6M
Q2 24
$1.2B
$572.1M
Q1 24
$1.2B
$604.8M
Stockholders' Equity
MATV
MATV
SENEB
SENEB
Q4 25
$498.7M
$713.9M
Q3 25
$397.4M
$672.9M
Q2 25
$416.6M
$644.2M
Q1 25
$428.2M
$633.0M
Q4 24
$858.5M
$612.8M
Q3 24
$882.3M
$598.9M
Q2 24
$898.0M
$588.9M
Q1 24
$906.9M
$582.9M
Total Assets
MATV
MATV
SENEB
SENEB
Q4 25
$2.1B
$1.2B
Q3 25
$2.0B
$1.4B
Q2 25
$2.1B
$1.2B
Q1 25
$2.1B
$1.2B
Q4 24
$2.4B
$1.2B
Q3 24
$2.6B
$1.5B
Q2 24
$2.6B
$1.4B
Q1 24
$2.7B
$1.4B
Debt / Equity
MATV
MATV
SENEB
SENEB
Q4 25
2.07×
0.39×
Q3 25
2.63×
0.42×
Q2 25
2.66×
0.46×
Q1 25
2.67×
0.58×
Q4 24
1.30×
0.68×
Q3 24
1.32×
0.84×
Q2 24
1.29×
0.97×
Q1 24
1.30×
1.04×

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
SENEB
SENEB
Operating Cash FlowLast quarter
$19.3M
$31.1M
Free Cash FlowOCF − Capex
$8.0M
$22.9M
FCF MarginFCF / Revenue
1.7%
4.5%
Capex IntensityCapex / Revenue
2.4%
1.6%
Cash ConversionOCF / Net Profit
0.19×
0.70×
TTM Free Cash FlowTrailing 4 quarters
$93.8M
$168.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MATV
MATV
SENEB
SENEB
Q4 25
$19.3M
$31.1M
Q3 25
$72.8M
$29.3M
Q2 25
$57.6M
$53.7M
Q1 25
$-15.9M
$91.9M
Q4 24
$24.1M
$117.7M
Q3 24
$37.6M
$75.5M
Q2 24
$46.1M
$50.3M
Q1 24
$-13.0M
Free Cash Flow
MATV
MATV
SENEB
SENEB
Q4 25
$8.0M
$22.9M
Q3 25
$66.7M
$21.8M
Q2 25
$48.9M
$42.4M
Q1 25
$-29.8M
$81.4M
Q4 24
$2.0M
$108.7M
Q3 24
$25.5M
$70.0M
Q2 24
$37.4M
$38.3M
Q1 24
$-25.1M
FCF Margin
MATV
MATV
SENEB
SENEB
Q4 25
1.7%
4.5%
Q3 25
13.0%
4.7%
Q2 25
9.3%
14.3%
Q1 25
-6.1%
23.5%
Q4 24
0.4%
21.6%
Q3 24
5.1%
16.4%
Q2 24
7.1%
12.6%
Q1 24
-5.0%
Capex Intensity
MATV
MATV
SENEB
SENEB
Q4 25
2.4%
1.6%
Q3 25
1.2%
1.6%
Q2 25
1.7%
3.8%
Q1 25
2.9%
3.0%
Q4 24
4.8%
1.8%
Q3 24
2.4%
1.3%
Q2 24
1.7%
4.0%
Q1 24
2.4%
Cash Conversion
MATV
MATV
SENEB
SENEB
Q4 25
0.19×
0.70×
Q3 25
0.99×
Q2 25
3.61×
Q1 25
152.87×
Q4 24
16.07×
8.03×
Q3 24
5.68×
Q2 24
3.98×
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%

SENEB
SENEB

Canned Vegetables$430.2M85%
Fruit$34.6M7%
Frozen$29.3M6%
Manufactured Product Other$10.8M2%
Snack$3.4M1%

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