vs
Andersons, Inc.（ANDE）与Mativ Holdings, Inc.（MATV）财务数据对比。点击上方公司名可切换其他公司
Mativ Holdings, Inc.的季度营收约是Andersons, Inc.的1.4倍（$463.1M vs $329.5M），Mativ Holdings, Inc.净利率更高（21.8% vs 20.5%，领先1.3%），Mativ Holdings, Inc.同比增速更快（1.0% vs -2.4%），Mativ Holdings, Inc.自由现金流更多（$8.0M vs $-77.1M），过去两年Andersons, Inc.的营收复合增速更高（-1.8% vs -3.8%）
安德森公司（The Andersons, Inc.）是1947年成立的美国农业企业，总部位于俄亥俄州莫米。公司起源于1940年代服务粮食行业的安德森货运站，是深耕农业领域的多元化企业，业务覆盖大宗商品贸易、可再生能源以及植物营养板块。
Mativ Holdings是一家全球特种材料制造商，主要生产高性能先进聚合物、无纺布、过滤解决方案及功能性涂层材料，服务医疗、工业、消费品、航空航天、能源等领域，业务遍及北美、欧洲及亚太地区。
ANDE vs MATV — 直观对比
营收规模更大
MATV
是对方的1.4倍
$329.5M
营收增速更快
MATV
高出3.4%
-2.4%
净利率更高
MATV
高出1.3%
20.5%
自由现金流更多
MATV
多$85.1M
$-77.1M
两年增速更快
ANDE
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $329.5M | $463.1M |
| 净利润 | $67.4M | $100.8M |
| 毛利率 | 70.3% | 18.8% |
| 营业利润率 | 26.6% | 2.2% |
| 净利率 | 20.5% | 21.8% |
| 营收同比 | -2.4% | 1.0% |
| 净利润同比 | 49.6% | 6620.0% |
| 每股收益（稀释后） | — | $1.87 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ANDEMATV
| Q4 25 | $329.5M | $463.1M | ||
| Q3 25 | $295.8M | $513.7M | ||
| Q2 25 | $535.0M | $525.4M | ||
| Q1 25 | $370.8M | $484.8M | ||
| Q4 24 | $337.5M | $458.6M | ||
| Q3 24 | $231.9M | $498.5M | ||
| Q2 24 | $492.5M | $523.8M | ||
| Q1 24 | $341.4M | $500.2M |
净利润ANDEMATV
| Q4 25 | $67.4M | $100.8M | ||
| Q3 25 | $20.1M | $-3.2M | ||
| Q2 25 | $7.9M | $-9.5M | ||
| Q1 25 | $284.0K | $-425.5M | ||
| Q4 24 | $45.1M | $1.5M | ||
| Q3 24 | $27.4M | $-20.8M | ||
| Q2 24 | $36.0M | $-1.4M | ||
| Q1 24 | $5.6M | $-28.0M |
毛利率ANDEMATV
| Q4 25 | 70.3% | 18.8% | ||
| Q3 25 | 57.8% | 19.3% | ||
| Q2 25 | 29.6% | 19.7% | ||
| Q1 25 | 41.2% | 15.0% | ||
| Q4 24 | 63.1% | 16.9% | ||
| Q3 24 | 76.4% | 18.8% | ||
| Q2 24 | 35.6% | 20.8% | ||
| Q1 24 | 37.6% | 16.8% |
营业利润率ANDEMATV
| Q4 25 | 26.6% | 2.2% | ||
| Q3 25 | 8.7% | 3.1% | ||
| Q2 25 | 4.6% | 3.8% | ||
| Q1 25 | 0.9% | -88.8% | ||
| Q4 24 | 19.9% | 0.6% | ||
| Q3 24 | 26.8% | 1.4% | ||
| Q2 24 | 11.6% | 2.0% | ||
| Q1 24 | 4.1% | -2.8% |
净利率ANDEMATV
| Q4 25 | 20.5% | 21.8% | ||
| Q3 25 | 6.8% | -0.6% | ||
| Q2 25 | 1.5% | -1.8% | ||
| Q1 25 | 0.1% | -87.8% | ||
| Q4 24 | 13.4% | 0.3% | ||
| Q3 24 | 11.8% | -4.2% | ||
| Q2 24 | 7.3% | -0.3% | ||
| Q1 24 | 1.6% | -5.6% |
每股收益（稀释后）ANDEMATV
| Q4 25 | — | $1.87 | ||
| Q3 25 | $0.59 | $-0.06 | ||
| Q2 25 | $0.23 | $-0.18 | ||
| Q1 25 | $0.01 | $-7.82 | ||
| Q4 24 | $1.31 | $0.03 | ||
| Q3 24 | $0.80 | $-0.38 | ||
| Q2 24 | $1.05 | $-0.03 | ||
| Q1 24 | $0.16 | $-0.52 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $98.3M | $84.2M |
| 总债务越低越好 | $560.0M | $1.0B |
| 股东权益账面价值 | $1.2B | $498.7M |
| 总资产 | $3.7B | $2.1B |
| 负债/权益比越低杠杆越低 | 0.45× | 2.07× |
8季度趋势，按日历期对齐
现金及短期投资ANDEMATV
| Q4 25 | $98.3M | $84.2M | ||
| Q3 25 | — | $97.1M | ||
| Q2 25 | — | $95.6M | ||
| Q1 25 | — | $84.0M | ||
| Q4 24 | $561.8M | $94.3M | ||
| Q3 24 | — | $162.2M | ||
| Q2 24 | — | $133.4M | ||
| Q1 24 | — | $128.9M |
总债务ANDEMATV
| Q4 25 | $560.0M | $1.0B | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | $608.2M | $1.1B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
股东权益ANDEMATV
| Q4 25 | $1.2B | $498.7M | ||
| Q3 25 | $1.2B | $397.4M | ||
| Q2 25 | $1.4B | $416.6M | ||
| Q1 25 | $1.4B | $428.2M | ||
| Q4 24 | $1.4B | $858.5M | ||
| Q3 24 | $1.3B | $882.3M | ||
| Q2 24 | $1.3B | $898.0M | ||
| Q1 24 | $1.3B | $906.9M |
总资产ANDEMATV
| Q4 25 | $3.7B | $2.1B | ||
| Q3 25 | $3.3B | $2.0B | ||
| Q2 25 | $3.4B | $2.1B | ||
| Q1 25 | $3.8B | $2.1B | ||
| Q4 24 | $4.1B | $2.4B | ||
| Q3 24 | $3.4B | $2.6B | ||
| Q2 24 | $3.3B | $2.6B | ||
| Q1 24 | $3.3B | $2.7B |
负债/权益比ANDEMATV
| Q4 25 | 0.45× | 2.07× | ||
| Q3 25 | — | 2.63× | ||
| Q2 25 | — | 2.66× | ||
| Q1 25 | — | 2.67× | ||
| Q4 24 | 0.45× | 1.30× | ||
| Q3 24 | — | 1.32× | ||
| Q2 24 | — | 1.29× | ||
| Q1 24 | — | 1.30× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-6.2M | $19.3M |
| 自由现金流经营现金流 - 资本支出 | $-77.1M | $8.0M |
| 自由现金流率自由现金流/营收 | -23.4% | 1.7% |
| 资本支出强度资本支出/营收 | 21.5% | 2.4% |
| 现金转化率经营现金流/净利润 | -0.09× | 0.19× |
| 过去12个月自由现金流最近4个季度 | $-56.1M | $93.8M |
8季度趋势，按日历期对齐
经营现金流ANDEMATV
| Q4 25 | $-6.2M | $19.3M | ||
| Q3 25 | $233.9M | $72.8M | ||
| Q2 25 | $299.3M | $57.6M | ||
| Q1 25 | $-350.0M | $-15.9M | ||
| Q4 24 | $268.8M | $24.1M | ||
| Q3 24 | $-2.1M | $37.6M | ||
| Q2 24 | $304.4M | $46.1M | ||
| Q1 24 | $-239.6M | $-13.0M |
自由现金流ANDEMATV
| Q4 25 | $-77.1M | $8.0M | ||
| Q3 25 | $167.0M | $66.7M | ||
| Q2 25 | $250.5M | $48.9M | ||
| Q1 25 | $-396.6M | $-29.8M | ||
| Q4 24 | $212.9M | $2.0M | ||
| Q3 24 | $-40.0M | $25.5M | ||
| Q2 24 | $275.8M | $37.4M | ||
| Q1 24 | $-266.4M | $-25.1M |
自由现金流率ANDEMATV
| Q4 25 | -23.4% | 1.7% | ||
| Q3 25 | 56.5% | 13.0% | ||
| Q2 25 | 46.8% | 9.3% | ||
| Q1 25 | -106.9% | -6.1% | ||
| Q4 24 | 63.1% | 0.4% | ||
| Q3 24 | -17.2% | 5.1% | ||
| Q2 24 | 56.0% | 7.1% | ||
| Q1 24 | -78.0% | -5.0% |
资本支出强度ANDEMATV
| Q4 25 | 21.5% | 2.4% | ||
| Q3 25 | 22.6% | 1.2% | ||
| Q2 25 | 9.1% | 1.7% | ||
| Q1 25 | 12.6% | 2.9% | ||
| Q4 24 | 16.6% | 4.8% | ||
| Q3 24 | 16.3% | 2.4% | ||
| Q2 24 | 5.8% | 1.7% | ||
| Q1 24 | 7.8% | 2.4% |
现金转化率ANDEMATV
| Q4 25 | -0.09× | 0.19× | ||
| Q3 25 | 11.61× | — | ||
| Q2 25 | 38.10× | — | ||
| Q1 25 | -1232.46× | — | ||
| Q4 24 | 5.96× | 16.07× | ||
| Q3 24 | -0.08× | — | ||
| Q2 24 | 8.46× | — | ||
| Q1 24 | -42.94× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ANDE
| Specialty And Primary Nutrients | $137.1M | 42% |
| Premium Ingredients | $66.1M | 20% |
| Segment Reporting Reconciling Item Other | $63.2M | 19% |
| Other | $63.1M | 19% |
MATV
| Other | $208.7M | 45% |
| SAS Segment | $157.4M | 34% |
| FAM Segment | $97.0M | 21% |
