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B&G Foods, Inc.（BGS）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B&G Foods, Inc.的1.1倍（$463.1M vs $439.3M），Mativ Holdings, Inc.净利率更高（21.8% vs -4.4%，领先26.1%），Mativ Holdings, Inc.同比增速更快（1.0% vs -4.7%），Mativ Holdings, Inc.自由现金流更多（$8.0M vs $-70.7M），过去两年Mativ Holdings, Inc.的营收复合增速更高（-3.8% vs -12.8%）
B&G Foods是总部位于美国新泽西州帕西帕尼的品牌食品控股企业，创立于1996年，成立初衷是收购1889年诞生于曼哈顿的酸黄瓜、调味酱及调味品生产商Bloch & Guggenheimer，如今在北美食品领域拥有众多知名品牌。
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。
BGS vs MATV — 直观对比
营收规模更大
MATV
是对方的1.1倍
$439.3M
营收增速更快
MATV
高出5.7%
-4.7%
净利率更高
MATV
高出26.1%
-4.4%
自由现金流更多
MATV
多$78.7M
$-70.7M
两年增速更快
MATV
近两年复合增速
-12.8%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $439.3M | $463.1M |
| 净利润 | $-19.1M | $100.8M |
| 毛利率 | 22.5% | 18.8% |
| 营业利润率 | 2.5% | 2.2% |
| 净利率 | -4.4% | 21.8% |
| 营收同比 | -4.7% | 1.0% |
| 净利润同比 | -356.5% | 6620.0% |
| 每股收益（稀释后） | $-0.24 | $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BGSMATV
| Q4 25 | — | $463.1M | ||
| Q3 25 | $439.3M | $513.7M | ||
| Q2 25 | $424.4M | $525.4M | ||
| Q1 25 | $425.4M | $484.8M | ||
| Q4 24 | $551.6M | $458.6M | ||
| Q3 24 | $461.1M | $498.5M | ||
| Q2 24 | $444.6M | $523.8M | ||
| Q1 24 | $475.2M | $500.2M |
净利润BGSMATV
| Q4 25 | — | $100.8M | ||
| Q3 25 | $-19.1M | $-3.2M | ||
| Q2 25 | $-9.8M | $-9.5M | ||
| Q1 25 | $835.0K | $-425.5M | ||
| Q4 24 | $-222.4M | $1.5M | ||
| Q3 24 | $7.5M | $-20.8M | ||
| Q2 24 | $3.9M | $-1.4M | ||
| Q1 24 | $-40.2M | $-28.0M |
毛利率BGSMATV
| Q4 25 | — | 18.8% | ||
| Q3 25 | 22.5% | 19.3% | ||
| Q2 25 | 20.5% | 19.7% | ||
| Q1 25 | 21.2% | 15.0% | ||
| Q4 24 | 21.5% | 16.9% | ||
| Q3 24 | 22.2% | 18.8% | ||
| Q2 24 | 20.7% | 20.8% | ||
| Q1 24 | 22.9% | 16.8% |
营业利润率BGSMATV
| Q4 25 | — | 2.2% | ||
| Q3 25 | 2.5% | 3.1% | ||
| Q2 25 | 5.2% | 3.8% | ||
| Q1 25 | 8.4% | -88.8% | ||
| Q4 24 | -46.6% | 0.6% | ||
| Q3 24 | 11.1% | 1.4% | ||
| Q2 24 | 9.9% | 2.0% | ||
| Q1 24 | -3.3% | -2.8% |
净利率BGSMATV
| Q4 25 | — | 21.8% | ||
| Q3 25 | -4.4% | -0.6% | ||
| Q2 25 | -2.3% | -1.8% | ||
| Q1 25 | 0.2% | -87.8% | ||
| Q4 24 | -40.3% | 0.3% | ||
| Q3 24 | 1.6% | -4.2% | ||
| Q2 24 | 0.9% | -0.3% | ||
| Q1 24 | -8.5% | -5.6% |
每股收益（稀释后）BGSMATV
| Q4 25 | — | $1.87 | ||
| Q3 25 | $-0.24 | $-0.06 | ||
| Q2 25 | $-0.12 | $-0.18 | ||
| Q1 25 | $0.01 | $-7.82 | ||
| Q4 24 | $-2.81 | $0.03 | ||
| Q3 24 | $0.09 | $-0.38 | ||
| Q2 24 | $0.05 | $-0.03 | ||
| Q1 24 | $-0.51 | $-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 | $60.9M | $84.2M |
| 总债务越低越好 | $2.0B | $1.0B |
| 股东权益账面价值 | $470.7M | $498.7M |
| 总资产 | $2.9B | $2.1B |
| 负债/权益比越低杠杆越低 | 4.30× | 2.07× |
8季度趋势，按日历期对齐
现金及短期投资BGSMATV
| Q4 25 | — | $84.2M | ||
| Q3 25 | $60.9M | $97.1M | ||
| Q2 25 | $54.1M | $95.6M | ||
| Q1 25 | $61.2M | $84.0M | ||
| Q4 24 | $50.6M | $94.3M | ||
| Q3 24 | $54.7M | $162.2M | ||
| Q2 24 | $40.3M | $133.4M | ||
| Q1 24 | $42.5M | $128.9M |
总债务BGSMATV
| Q4 25 | — | $1.0B | ||
| Q3 25 | $2.0B | $1.0B | ||
| Q2 25 | $2.0B | $1.1B | ||
| Q1 25 | $2.0B | $1.1B | ||
| Q4 24 | $2.0B | $1.1B | ||
| Q3 24 | $2.1B | $1.2B | ||
| Q2 24 | $2.0B | $1.2B | ||
| Q1 24 | $2.0B | $1.2B |
股东权益BGSMATV
| Q4 25 | — | $498.7M | ||
| Q3 25 | $470.7M | $397.4M | ||
| Q2 25 | $501.4M | $416.6M | ||
| Q1 25 | $513.1M | $428.2M | ||
| Q4 24 | $524.8M | $858.5M | ||
| Q3 24 | $755.3M | $882.3M | ||
| Q2 24 | $765.0M | $898.0M | ||
| Q1 24 | $781.2M | $906.9M |
总资产BGSMATV
| Q4 25 | — | $2.1B | ||
| Q3 25 | $2.9B | $2.0B | ||
| Q2 25 | $2.9B | $2.1B | ||
| Q1 25 | $3.0B | $2.1B | ||
| Q4 24 | $3.0B | $2.4B | ||
| Q3 24 | $3.4B | $2.6B | ||
| Q2 24 | $3.4B | $2.6B | ||
| Q1 24 | $3.4B | $2.7B |
负债/权益比BGSMATV
| Q4 25 | — | 2.07× | ||
| Q3 25 | 4.30× | 2.63× | ||
| Q2 25 | 3.97× | 2.66× | ||
| Q1 25 | 3.91× | 2.67× | ||
| Q4 24 | 3.85× | 1.30× | ||
| Q3 24 | 2.75× | 1.32× | ||
| Q2 24 | 2.67× | 1.29× | ||
| Q1 24 | 2.61× | 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 | $-64.6M | $19.3M |
| 自由现金流经营现金流 - 资本支出 | $-70.7M | $8.0M |
| 自由现金流率自由现金流/营收 | -16.1% | 1.7% |
| 资本支出强度资本支出/营收 | 1.4% | 2.4% |
| 现金转化率经营现金流/净利润 | — | 0.19× |
| 过去12个月自由现金流最近4个季度 | $54.8M | $93.8M |
8季度趋势，按日历期对齐
经营现金流BGSMATV
| Q4 25 | — | $19.3M | ||
| Q3 25 | $-64.6M | $72.8M | ||
| Q2 25 | $17.8M | $57.6M | ||
| Q1 25 | $52.7M | $-15.9M | ||
| Q4 24 | $80.3M | $24.1M | ||
| Q3 24 | $4.2M | $37.6M | ||
| Q2 24 | $11.3M | $46.1M | ||
| Q1 24 | $35.1M | $-13.0M |
自由现金流BGSMATV
| Q4 25 | — | $8.0M | ||
| Q3 25 | $-70.7M | $66.7M | ||
| Q2 25 | $11.5M | $48.9M | ||
| Q1 25 | $42.4M | $-29.8M | ||
| Q4 24 | $71.7M | $2.0M | ||
| Q3 24 | $-679.0K | $25.5M | ||
| Q2 24 | $5.2M | $37.4M | ||
| Q1 24 | $27.5M | $-25.1M |
自由现金流率BGSMATV
| Q4 25 | — | 1.7% | ||
| Q3 25 | -16.1% | 13.0% | ||
| Q2 25 | 2.7% | 9.3% | ||
| Q1 25 | 10.0% | -6.1% | ||
| Q4 24 | 13.0% | 0.4% | ||
| Q3 24 | -0.1% | 5.1% | ||
| Q2 24 | 1.2% | 7.1% | ||
| Q1 24 | 5.8% | -5.0% |
资本支出强度BGSMATV
| Q4 25 | — | 2.4% | ||
| Q3 25 | 1.4% | 1.2% | ||
| Q2 25 | 1.5% | 1.7% | ||
| Q1 25 | 2.4% | 2.9% | ||
| Q4 24 | 1.6% | 4.8% | ||
| Q3 24 | 1.0% | 2.4% | ||
| Q2 24 | 1.4% | 1.7% | ||
| Q1 24 | 1.6% | 2.4% |
现金转化率BGSMATV
| Q4 25 | — | 0.19× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 63.17× | — | ||
| Q4 24 | — | 16.07× | ||
| Q3 24 | 0.56× | — | ||
| Q2 24 | 2.87× | — | ||
| Q1 24 | — | — |
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
BGS
| Specialty Segment | $150.5M | 34% |
| Meals Segment | $110.0M | 25% |
| Spices And Flavor Solutions Segment | $101.4M | 23% |
| Frozen And Vegetables Segment | $77.4M | 18% |
MATV
| Other | $208.7M | 45% |
| SAS Segment | $157.4M | 34% |
| FAM Segment | $97.0M | 21% |
