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BLACKBAUD INC（BLKB）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BLACKBAUD INC的1.6倍（$463.1M vs $281.1M），Mativ Holdings, Inc.净利率更高（21.8% vs 11.1%，领先10.7%），BLACKBAUD INC同比增速更快（4.2% vs 1.0%），BLACKBAUD INC自由现金流更多（$37.0M vs $8.0M），过去两年BLACKBAUD INC的营收复合增速更高（-1.1% vs -3.8%）
Blackbaud是全球知名的云服务提供商，专注为非营利组织、基金会、企业、教育机构、医疗机构、宗教团体及个人公益推动者提供技术支持，旗下产品覆盖筹款、网站管理、客户关系管理、数据分析、财务管理、票务系统、教育管理等多元场景。
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。
BLKB vs MATV — 直观对比
营收规模更大
MATV
是对方的1.6倍
$281.1M
营收增速更快
BLKB
高出3.2%
1.0%
净利率更高
MATV
高出10.7%
11.1%
自由现金流更多
BLKB
多$29.0M
$8.0M
两年增速更快
BLKB
近两年复合增速
-3.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $281.1M | $463.1M |
| 净利润 | $31.1M | $100.8M |
| 毛利率 | 59.2% | 18.8% |
| 营业利润率 | 18.3% | 2.2% |
| 净利率 | 11.1% | 21.8% |
| 营收同比 | 4.2% | 1.0% |
| 净利润同比 | 620.3% | 6620.0% |
| 每股收益（稀释后） | $0.67 | $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BLKBMATV
| Q1 26 | $281.1M | — | ||
| Q4 25 | $295.3M | $463.1M | ||
| Q3 25 | $281.1M | $513.7M | ||
| Q2 25 | $282.0M | $525.4M | ||
| Q1 25 | $269.9M | $484.8M | ||
| Q4 24 | $302.1M | $458.6M | ||
| Q3 24 | $286.6M | $498.5M | ||
| Q2 24 | $287.3M | $523.8M |
净利润BLKBMATV
| Q1 26 | $31.1M | — | ||
| Q4 25 | $36.7M | $100.8M | ||
| Q3 25 | $47.5M | $-3.2M | ||
| Q2 25 | $26.5M | $-9.5M | ||
| Q1 25 | $4.3M | $-425.5M | ||
| Q4 24 | $-346.4M | $1.5M | ||
| Q3 24 | $18.3M | $-20.8M | ||
| Q2 24 | $21.2M | $-1.4M |
毛利率BLKBMATV
| Q1 26 | 59.2% | — | ||
| Q4 25 | 58.3% | 18.8% | ||
| Q3 25 | 59.6% | 19.3% | ||
| Q2 25 | 59.7% | 19.7% | ||
| Q1 25 | 57.5% | 15.0% | ||
| Q4 24 | 53.8% | 16.9% | ||
| Q3 24 | 54.9% | 18.8% | ||
| Q2 24 | 56.0% | 20.8% |
营业利润率BLKBMATV
| Q1 26 | 18.3% | — | ||
| Q4 25 | 20.0% | 2.2% | ||
| Q3 25 | 19.4% | 3.1% | ||
| Q2 25 | 20.3% | 3.8% | ||
| Q1 25 | 7.3% | -88.8% | ||
| Q4 24 | -121.5% | 0.6% | ||
| Q3 24 | 14.4% | 1.4% | ||
| Q2 24 | 14.4% | 2.0% |
净利率BLKBMATV
| Q1 26 | 11.1% | — | ||
| Q4 25 | 12.4% | 21.8% | ||
| Q3 25 | 16.9% | -0.6% | ||
| Q2 25 | 9.4% | -1.8% | ||
| Q1 25 | 1.6% | -87.8% | ||
| Q4 24 | -114.6% | 0.3% | ||
| Q3 24 | 6.4% | -4.2% | ||
| Q2 24 | 7.4% | -0.3% |
每股收益（稀释后）BLKBMATV
| Q1 26 | $0.67 | — | ||
| Q4 25 | $0.75 | $1.87 | ||
| Q3 25 | $0.98 | $-0.06 | ||
| Q2 25 | $0.55 | $-0.18 | ||
| Q1 25 | $0.09 | $-7.82 | ||
| Q4 24 | $-6.82 | $0.03 | ||
| Q3 24 | $0.35 | $-0.38 | ||
| Q2 24 | $0.41 | $-0.03 |
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 | $34.1M | $84.2M |
| 总债务越低越好 | — | $1.0B |
| 股东权益账面价值 | $34.6M | $498.7M |
| 总资产 | $2.1B | $2.1B |
| 负债/权益比越低杠杆越低 | — | 2.07× |
8季度趋势，按日历期对齐
现金及短期投资BLKBMATV
| Q1 26 | $34.1M | — | ||
| Q4 25 | $38.9M | $84.2M | ||
| Q3 25 | $38.3M | $97.1M | ||
| Q2 25 | $41.6M | $95.6M | ||
| Q1 25 | $37.2M | $84.0M | ||
| Q4 24 | $67.6M | $94.3M | ||
| Q3 24 | $34.6M | $162.2M | ||
| Q2 24 | $30.4M | $133.4M |
总债务BLKBMATV
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $1.0B | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $1.0B | $1.2B | ||
| Q2 24 | $1.0B | $1.2B |
股东权益BLKBMATV
| Q1 26 | $34.6M | — | ||
| Q4 25 | $85.1M | $498.7M | ||
| Q3 25 | $108.2M | $397.4M | ||
| Q2 25 | $72.7M | $416.6M | ||
| Q1 25 | $17.5M | $428.2M | ||
| Q4 24 | $126.8M | $858.5M | ||
| Q3 24 | $544.8M | $882.3M | ||
| Q2 24 | $577.5M | $898.0M |
总资产BLKBMATV
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.4B | $2.1B | ||
| Q3 25 | $2.1B | $2.0B | ||
| Q2 25 | $2.6B | $2.1B | ||
| Q1 25 | $2.1B | $2.1B | ||
| Q4 24 | $2.5B | $2.4B | ||
| Q3 24 | $2.6B | $2.6B | ||
| Q2 24 | $3.0B | $2.6B |
负债/权益比BLKBMATV
| Q1 26 | — | — | ||
| Q4 25 | 13.06× | 2.07× | ||
| Q3 25 | — | 2.63× | ||
| Q2 25 | — | 2.66× | ||
| Q1 25 | — | 2.67× | ||
| Q4 24 | 8.50× | 1.30× | ||
| Q3 24 | 1.84× | 1.32× | ||
| Q2 24 | 1.78× | 1.29× |
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 | $51.5M | $19.3M |
| 自由现金流经营现金流 - 资本支出 | $37.0M | $8.0M |
| 自由现金流率自由现金流/营收 | 13.2% | 1.7% |
| 资本支出强度资本支出/营收 | — | 2.4% |
| 现金转化率经营现金流/净利润 | 1.65× | 0.19× |
| 过去12个月自由现金流最近4个季度 | $294.1M | $93.8M |
8季度趋势，按日历期对齐
经营现金流BLKBMATV
| Q1 26 | $51.5M | — | ||
| Q4 25 | $58.0M | $19.3M | ||
| Q3 25 | $139.2M | $72.8M | ||
| Q2 25 | $66.9M | $57.6M | ||
| Q1 25 | $1.4M | $-15.9M | ||
| Q4 24 | $73.6M | $24.1M | ||
| Q3 24 | $104.0M | $37.6M | ||
| Q2 24 | $53.1M | $46.1M |
自由现金流BLKBMATV
| Q1 26 | $37.0M | — | ||
| Q4 25 | $55.0M | $8.0M | ||
| Q3 25 | $135.7M | $66.7M | ||
| Q2 25 | $66.3M | $48.9M | ||
| Q1 25 | $712.0K | $-29.8M | ||
| Q4 24 | $73.4M | $2.0M | ||
| Q3 24 | $102.9M | $25.5M | ||
| Q2 24 | $48.0M | $37.4M |
自由现金流率BLKBMATV
| Q1 26 | 13.2% | — | ||
| Q4 25 | 18.6% | 1.7% | ||
| Q3 25 | 48.3% | 13.0% | ||
| Q2 25 | 23.5% | 9.3% | ||
| Q1 25 | 0.3% | -6.1% | ||
| Q4 24 | 24.3% | 0.4% | ||
| Q3 24 | 35.9% | 5.1% | ||
| Q2 24 | 16.7% | 7.1% |
资本支出强度BLKBMATV
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | 2.4% | ||
| Q3 25 | 1.2% | 1.2% | ||
| Q2 25 | 0.2% | 1.7% | ||
| Q1 25 | 0.3% | 2.9% | ||
| Q4 24 | 0.1% | 4.8% | ||
| Q3 24 | 0.4% | 2.4% | ||
| Q2 24 | 1.8% | 1.7% |
现金转化率BLKBMATV
| Q1 26 | 1.65× | — | ||
| Q4 25 | 1.58× | 0.19× | ||
| Q3 25 | 2.93× | — | ||
| Q2 25 | 2.53× | — | ||
| Q1 25 | 0.32× | — | ||
| Q4 24 | — | 16.07× | ||
| Q3 24 | 5.69× | — | ||
| Q2 24 | 2.50× | — |
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
BLKB
暂无分部数据
MATV
| Other | $208.7M | 45% |
| SAS Segment | $157.4M | 34% |
| FAM Segment | $97.0M | 21% |
