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

Mativ Holdings, Inc. is the larger business by last-quarter revenue ($463.1M vs $369.6M, roughly 1.3× Sarepta Therapeutics, Inc.). Mativ Holdings, Inc. runs the higher net margin — 21.8% vs -111.5%, a 133.3% gap on every dollar of revenue. On growth, Mativ Holdings, Inc. posted the faster year-over-year revenue change (1.0% vs -42.1%). Sarepta Therapeutics, Inc. produced more free cash flow last quarter ($127.6M vs $8.0M). Over the past eight quarters, Sarepta Therapeutics, Inc.'s revenue compounded faster (1.4% 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.

Sarepta Therapeutics, Inc. is a medical research and drug development company with corporate offices and research facilities in Cambridge, Massachusetts, United States. Incorporated in 1980 as AntiVirals, shortly before going public the company changed its name from AntiVirals to AVI BioPharma soon with stock symbol AVII and in July 2012 changed name from AVI BioPharma to Sarepta Therapeutics and SRPT respectively. As of 2023, the company has four approved drugs.

MATV vs SRPT — Head-to-Head

Bigger by revenue
MATV
MATV
1.3× larger
MATV
$463.1M
$369.6M
SRPT
Growing faster (revenue YoY)
MATV
MATV
+43.1% gap
MATV
1.0%
-42.1%
SRPT
Higher net margin
MATV
MATV
133.3% more per $
MATV
21.8%
-111.5%
SRPT
More free cash flow
SRPT
SRPT
$119.6M more FCF
SRPT
$127.6M
$8.0M
MATV
Faster 2-yr revenue CAGR
SRPT
SRPT
Annualised
SRPT
1.4%
-3.8%
MATV

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MATV
MATV
SRPT
SRPT
Revenue
$463.1M
$369.6M
Net Profit
$100.8M
$-412.2M
Gross Margin
18.8%
Operating Margin
2.2%
-111.4%
Net Margin
21.8%
-111.5%
Revenue YoY
1.0%
-42.1%
Net Profit YoY
6620.0%
-359.2%
EPS (diluted)
$1.87
$-3.92

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
SRPT
SRPT
Q4 25
$463.1M
$369.6M
Q3 25
$513.7M
$370.0M
Q2 25
$525.4M
$513.1M
Q1 25
$484.8M
$611.5M
Q4 24
$458.6M
$638.2M
Q3 24
$498.5M
$429.8M
Q2 24
$523.8M
$360.5M
Q1 24
$500.2M
$359.5M
Net Profit
MATV
MATV
SRPT
SRPT
Q4 25
$100.8M
$-412.2M
Q3 25
$-3.2M
$-50.6M
Q2 25
$-9.5M
$196.9M
Q1 25
$-425.5M
$-447.5M
Q4 24
$1.5M
$159.0M
Q3 24
$-20.8M
$33.6M
Q2 24
$-1.4M
$6.5M
Q1 24
$-28.0M
$36.1M
Gross Margin
MATV
MATV
SRPT
SRPT
Q4 25
18.8%
Q3 25
19.3%
59.3%
Q2 25
19.7%
70.3%
Q1 25
15.0%
77.5%
Q4 24
16.9%
Q3 24
18.8%
78.7%
Q2 24
20.8%
87.6%
Q1 24
16.8%
85.9%
Operating Margin
MATV
MATV
SRPT
SRPT
Q4 25
2.2%
-111.4%
Q3 25
3.1%
-27.9%
Q2 25
3.8%
22.5%
Q1 25
-88.8%
-49.1%
Q4 24
0.6%
25.3%
Q3 24
1.4%
5.2%
Q2 24
2.0%
-0.2%
Q1 24
-2.8%
9.7%
Net Margin
MATV
MATV
SRPT
SRPT
Q4 25
21.8%
-111.5%
Q3 25
-0.6%
-13.7%
Q2 25
-1.8%
38.4%
Q1 25
-87.8%
-73.2%
Q4 24
0.3%
24.9%
Q3 24
-4.2%
7.8%
Q2 24
-0.3%
1.8%
Q1 24
-5.6%
10.0%
EPS (diluted)
MATV
MATV
SRPT
SRPT
Q4 25
$1.87
$-3.92
Q3 25
$-0.06
$-0.50
Q2 25
$-0.18
$1.89
Q1 25
$-7.82
$-4.60
Q4 24
$0.03
$1.56
Q3 24
$-0.38
$0.34
Q2 24
$-0.03
$0.07
Q1 24
$-0.52
$0.37

Balance Sheet & Financial Strength

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

Metric
MATV
MATV
SRPT
SRPT
Cash + ST InvestmentsLiquidity on hand
$84.2M
$939.6M
Total DebtLower is stronger
$1.0B
$829.0M
Stockholders' EquityBook value
$498.7M
$1.1B
Total Assets
$2.1B
$3.3B
Debt / EquityLower = less leverage
2.07×
0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MATV
MATV
SRPT
SRPT
Q4 25
$84.2M
$939.6M
Q3 25
$97.1M
$851.0M
Q2 25
$95.6M
$800.1M
Q1 25
$84.0M
$522.8M
Q4 24
$94.3M
$1.4B
Q3 24
$162.2M
$1.2B
Q2 24
$133.4M
$1.5B
Q1 24
$128.9M
$1.4B
Total Debt
MATV
MATV
SRPT
SRPT
Q4 25
$1.0B
$829.0M
Q3 25
$1.0B
$140.5M
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
$1.1B
Q3 24
$1.2B
$1.2B
Q2 24
$1.2B
$1.2B
Q1 24
$1.2B
$1.2B
Stockholders' Equity
MATV
MATV
SRPT
SRPT
Q4 25
$498.7M
$1.1B
Q3 25
$397.4M
$1.3B
Q2 25
$416.6M
$1.4B
Q1 25
$428.2M
$1.1B
Q4 24
$858.5M
$1.5B
Q3 24
$882.3M
$1.2B
Q2 24
$898.0M
$1.1B
Q1 24
$906.9M
$961.2M
Total Assets
MATV
MATV
SRPT
SRPT
Q4 25
$2.1B
$3.3B
Q3 25
$2.0B
$3.5B
Q2 25
$2.1B
$3.7B
Q1 25
$2.1B
$3.5B
Q4 24
$2.4B
$4.0B
Q3 24
$2.6B
$3.6B
Q2 24
$2.6B
$3.4B
Q1 24
$2.7B
$3.2B
Debt / Equity
MATV
MATV
SRPT
SRPT
Q4 25
2.07×
0.73×
Q3 25
2.63×
0.11×
Q2 25
2.66×
Q1 25
2.67×
Q4 24
1.30×
0.74×
Q3 24
1.32×
1.01×
Q2 24
1.29×
1.14×
Q1 24
1.30×
1.29×

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
SRPT
SRPT
Operating Cash FlowLast quarter
$19.3M
$131.2M
Free Cash FlowOCF − Capex
$8.0M
$127.6M
FCF MarginFCF / Revenue
1.7%
34.5%
Capex IntensityCapex / Revenue
2.4%
1.0%
Cash ConversionOCF / Net Profit
0.19×
TTM Free Cash FlowTrailing 4 quarters
$93.8M
$-307.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MATV
MATV
SRPT
SRPT
Q4 25
$19.3M
$131.2M
Q3 25
$72.8M
$-14.6M
Q2 25
$57.6M
$261.3M
Q1 25
$-15.9M
$-583.4M
Q4 24
$24.1M
$92.0M
Q3 24
$37.6M
$-70.7M
Q2 24
$46.1M
$14.9M
Q1 24
$-13.0M
$-242.1M
Free Cash Flow
MATV
MATV
SRPT
SRPT
Q4 25
$8.0M
$127.6M
Q3 25
$66.7M
$-37.5M
Q2 25
$48.9M
$229.5M
Q1 25
$-29.8M
$-627.1M
Q4 24
$2.0M
$54.0M
Q3 24
$25.5M
$-108.0M
Q2 24
$37.4M
$-14.2M
Q1 24
$-25.1M
$-274.5M
FCF Margin
MATV
MATV
SRPT
SRPT
Q4 25
1.7%
34.5%
Q3 25
13.0%
-10.1%
Q2 25
9.3%
44.7%
Q1 25
-6.1%
-102.5%
Q4 24
0.4%
8.5%
Q3 24
5.1%
-25.1%
Q2 24
7.1%
-3.9%
Q1 24
-5.0%
-76.4%
Capex Intensity
MATV
MATV
SRPT
SRPT
Q4 25
2.4%
1.0%
Q3 25
1.2%
6.2%
Q2 25
1.7%
6.2%
Q1 25
2.9%
7.1%
Q4 24
4.8%
6.0%
Q3 24
2.4%
8.7%
Q2 24
1.7%
8.1%
Q1 24
2.4%
9.0%
Cash Conversion
MATV
MATV
SRPT
SRPT
Q4 25
0.19×
Q3 25
Q2 25
1.33×
Q1 25
Q4 24
16.07×
0.58×
Q3 24
-2.10×
Q2 24
2.31×
Q1 24
-6.70×

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%

SRPT
SRPT

Pmo Products$202.5M55%
Elevidys$110.4M30%
Other$56.7M15%

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