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

Mativ Holdings, Inc. is the larger business by last-quarter revenue ($463.1M vs $281.0M, roughly 1.6× Sun Country Airlines Holdings, Inc.). Mativ Holdings, Inc. runs the higher net margin — 21.8% vs 2.9%, a 18.9% gap on every dollar of revenue. On growth, Sun Country Airlines Holdings, Inc. posted the faster year-over-year revenue change (7.9% vs 1.0%). Sun Country Airlines Holdings, Inc. produced more free cash flow last quarter ($34.9M vs $8.0M). Over the past eight quarters, Mativ Holdings, Inc.'s revenue compounded faster (-3.8% CAGR vs -5.0%).

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.

Frontier Airlines, Inc. is a major American ultra low-cost airline headquartered in Denver, Colorado. It operates flights to over 120 destinations in the United States, the Caribbean, Mexico and Central America, and employs more than 5,000 staff. The carrier is a publicly traded company and maintains bases at Denver International Airport, Orlando International Airport, and eleven other cities across the contiguous United States and Puerto Rico.

MATV vs SNCY — Head-to-Head

Bigger by revenue
MATV
MATV
1.6× larger
MATV
$463.1M
$281.0M
SNCY
Growing faster (revenue YoY)
SNCY
SNCY
+6.9% gap
SNCY
7.9%
1.0%
MATV
Higher net margin
MATV
MATV
18.9% more per $
MATV
21.8%
2.9%
SNCY
More free cash flow
SNCY
SNCY
$26.9M more FCF
SNCY
$34.9M
$8.0M
MATV
Faster 2-yr revenue CAGR
MATV
MATV
Annualised
MATV
-3.8%
-5.0%
SNCY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MATV
MATV
SNCY
SNCY
Revenue
$463.1M
$281.0M
Net Profit
$100.8M
$8.1M
Gross Margin
18.8%
Operating Margin
2.2%
6.5%
Net Margin
21.8%
2.9%
Revenue YoY
1.0%
7.9%
Net Profit YoY
6620.0%
-39.4%
EPS (diluted)
$1.87
$0.15

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
SNCY
SNCY
Q4 25
$463.1M
$281.0M
Q3 25
$513.7M
$255.5M
Q2 25
$525.4M
$263.6M
Q1 25
$484.8M
$326.6M
Q4 24
$458.6M
$260.4M
Q3 24
$498.5M
$249.5M
Q2 24
$523.8M
$254.4M
Q1 24
$500.2M
$311.5M
Net Profit
MATV
MATV
SNCY
SNCY
Q4 25
$100.8M
$8.1M
Q3 25
$-3.2M
$1.6M
Q2 25
$-9.5M
$6.6M
Q1 25
$-425.5M
$36.5M
Q4 24
$1.5M
$13.4M
Q3 24
$-20.8M
$2.3M
Q2 24
$-1.4M
$1.8M
Q1 24
$-28.0M
$35.3M
Gross Margin
MATV
MATV
SNCY
SNCY
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%
Q1 24
16.8%
Operating Margin
MATV
MATV
SNCY
SNCY
Q4 25
2.2%
6.5%
Q3 25
3.1%
3.9%
Q2 25
3.8%
6.2%
Q1 25
-88.8%
17.2%
Q4 24
0.6%
10.0%
Q3 24
1.4%
5.0%
Q2 24
2.0%
4.9%
Q1 24
-2.8%
17.7%
Net Margin
MATV
MATV
SNCY
SNCY
Q4 25
21.8%
2.9%
Q3 25
-0.6%
0.6%
Q2 25
-1.8%
2.5%
Q1 25
-87.8%
11.2%
Q4 24
0.3%
5.2%
Q3 24
-4.2%
0.9%
Q2 24
-0.3%
0.7%
Q1 24
-5.6%
11.3%
EPS (diluted)
MATV
MATV
SNCY
SNCY
Q4 25
$1.87
$0.15
Q3 25
$-0.06
$0.03
Q2 25
$-0.18
$0.12
Q1 25
$-7.82
$0.66
Q4 24
$0.03
$0.25
Q3 24
$-0.38
$0.04
Q2 24
$-0.03
$0.03
Q1 24
$-0.52
$0.64

Balance Sheet & Financial Strength

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

Metric
MATV
MATV
SNCY
SNCY
Cash + ST InvestmentsLiquidity on hand
$84.2M
$234.3M
Total DebtLower is stronger
$1.0B
$323.3M
Stockholders' EquityBook value
$498.7M
$625.2M
Total Assets
$2.1B
$1.7B
Debt / EquityLower = less leverage
2.07×
0.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MATV
MATV
SNCY
SNCY
Q4 25
$84.2M
$234.3M
Q3 25
$97.1M
$176.2M
Q2 25
$95.6M
$138.3M
Q1 25
$84.0M
$158.8M
Q4 24
$94.3M
$187.3M
Q3 24
$162.2M
$146.5M
Q2 24
$133.4M
$135.2M
Q1 24
$128.9M
$161.2M
Total Debt
MATV
MATV
SNCY
SNCY
Q4 25
$1.0B
$323.3M
Q3 25
$1.0B
$301.3M
Q2 25
$1.1B
$282.1M
Q1 25
$1.1B
$312.6M
Q4 24
$1.1B
$327.1M
Q3 24
$1.2B
$351.8M
Q2 24
$1.2B
$365.5M
Q1 24
$1.2B
$388.1M
Stockholders' Equity
MATV
MATV
SNCY
SNCY
Q4 25
$498.7M
$625.2M
Q3 25
$397.4M
$610.2M
Q2 25
$416.6M
$613.0M
Q1 25
$428.2M
$603.0M
Q4 24
$858.5M
$570.4M
Q3 24
$882.3M
$552.5M
Q2 24
$898.0M
$546.9M
Q1 24
$906.9M
$541.0M
Total Assets
MATV
MATV
SNCY
SNCY
Q4 25
$2.1B
$1.7B
Q3 25
$2.0B
$1.6B
Q2 25
$2.1B
$1.6B
Q1 25
$2.1B
$1.6B
Q4 24
$2.4B
$1.6B
Q3 24
$2.6B
$1.6B
Q2 24
$2.6B
$1.6B
Q1 24
$2.7B
$1.6B
Debt / Equity
MATV
MATV
SNCY
SNCY
Q4 25
2.07×
0.52×
Q3 25
2.63×
0.49×
Q2 25
2.66×
0.46×
Q1 25
2.67×
0.52×
Q4 24
1.30×
0.57×
Q3 24
1.32×
0.64×
Q2 24
1.29×
0.67×
Q1 24
1.30×
0.72×

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
SNCY
SNCY
Operating Cash FlowLast quarter
$19.3M
$78.9M
Free Cash FlowOCF − Capex
$8.0M
$34.9M
FCF MarginFCF / Revenue
1.7%
12.4%
Capex IntensityCapex / Revenue
2.4%
15.7%
Cash ConversionOCF / Net Profit
0.19×
9.69×
TTM Free Cash FlowTrailing 4 quarters
$93.8M
$84.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MATV
MATV
SNCY
SNCY
Q4 25
$19.3M
$78.9M
Q3 25
$72.8M
$41.9M
Q2 25
$57.6M
$19.8M
Q1 25
$-15.9M
$16.4M
Q4 24
$24.1M
$90.6M
Q3 24
$37.6M
$35.4M
Q2 24
$46.1M
$8.2M
Q1 24
$-13.0M
$30.7M
Free Cash Flow
MATV
MATV
SNCY
SNCY
Q4 25
$8.0M
$34.9M
Q3 25
$66.7M
$34.0M
Q2 25
$48.9M
$14.0M
Q1 25
$-29.8M
$1.0M
Q4 24
$2.0M
$85.8M
Q3 24
$25.5M
$31.0M
Q2 24
$37.4M
$-382.0K
Q1 24
$-25.1M
$1.0M
FCF Margin
MATV
MATV
SNCY
SNCY
Q4 25
1.7%
12.4%
Q3 25
13.0%
13.3%
Q2 25
9.3%
5.3%
Q1 25
-6.1%
0.3%
Q4 24
0.4%
33.0%
Q3 24
5.1%
12.4%
Q2 24
7.1%
-0.2%
Q1 24
-5.0%
0.3%
Capex Intensity
MATV
MATV
SNCY
SNCY
Q4 25
2.4%
15.7%
Q3 25
1.2%
3.1%
Q2 25
1.7%
2.2%
Q1 25
2.9%
4.7%
Q4 24
4.8%
1.8%
Q3 24
2.4%
1.8%
Q2 24
1.7%
3.4%
Q1 24
2.4%
9.5%
Cash Conversion
MATV
MATV
SNCY
SNCY
Q4 25
0.19×
9.69×
Q3 25
27.03×
Q2 25
3.01×
Q1 25
0.45×
Q4 24
16.07×
6.74×
Q3 24
15.13×
Q2 24
4.50×
Q1 24
0.87×

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%

SNCY
SNCY

Scheduled Service$95.6M34%
Ancillary$69.3M25%
Charter Service$56.6M20%
Cargo And Freight$48.0M17%
Service Other$11.4M4%

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