vs
CrossAmerica Partners LP（CAPL）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
CrossAmerica Partners LP的季度营收约是Mativ Holdings, Inc.的1.9倍（$866.3M vs $463.1M），Mativ Holdings, Inc.净利率更高（21.8% vs 1.2%，领先20.6%），Mativ Holdings, Inc.同比增速更快（1.0% vs -8.3%），CrossAmerica Partners LP自由现金流更多（$22.4M vs $8.0M），过去两年Mativ Holdings, Inc.的营收复合增速更高（-3.8% vs -4.1%）
塔峰资本合伙人（TowerBrook Capital Partners）是一家总部位于伦敦和纽约的投资管理公司，2005年从索罗斯基金管理分拆独立。该机构主打私募股权及结构性机会投资，曾收购奢侈品品牌Jimmy Choo控股权，截至2025年其管理规模超250亿美元，官网公示在管投资项目共110个。
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。
CAPL vs MATV — 直观对比
营收规模更大
CAPL
是对方的1.9倍
$463.1M
营收增速更快
MATV
高出9.2%
-8.3%
净利率更高
MATV
高出20.6%
1.2%
自由现金流更多
CAPL
多$14.4M
$8.0M
两年增速更快
MATV
近两年复合增速
-4.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $866.3M | $463.1M |
| 净利润 | $10.2M | $100.8M |
| 毛利率 | 12.4% | 18.8% |
| 营业利润率 | 3.0% | 2.2% |
| 净利率 | 1.2% | 21.8% |
| 营收同比 | -8.3% | 1.0% |
| 净利润同比 | -39.6% | 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CAPLMATV
| Q4 25 | $866.3M | $463.1M | ||
| Q3 25 | $971.8M | $513.7M | ||
| Q2 25 | $961.9M | $525.4M | ||
| Q1 25 | $862.5M | $484.8M | ||
| Q4 24 | $944.2M | $458.6M | ||
| Q3 24 | $1.1B | $498.5M | ||
| Q2 24 | $1.1B | $523.8M | ||
| Q1 24 | $941.5M | $500.2M |
净利润CAPLMATV
| Q4 25 | $10.2M | $100.8M | ||
| Q3 25 | $13.6M | $-3.2M | ||
| Q2 25 | $25.2M | $-9.5M | ||
| Q1 25 | $-7.1M | $-425.5M | ||
| Q4 24 | $16.9M | $1.5M | ||
| Q3 24 | $10.7M | $-20.8M | ||
| Q2 24 | $12.4M | $-1.4M | ||
| Q1 24 | $-17.5M | $-28.0M |
毛利率CAPLMATV
| Q4 25 | 12.4% | 18.8% | ||
| Q3 25 | 10.8% | 19.3% | ||
| Q2 25 | 10.5% | 19.7% | ||
| Q1 25 | 10.4% | 15.0% | ||
| Q4 24 | 10.7% | 16.9% | ||
| Q3 24 | 10.3% | 18.8% | ||
| Q2 24 | 9.2% | 20.8% | ||
| Q1 24 | 8.6% | 16.8% |
营业利润率CAPLMATV
| Q4 25 | 3.0% | 2.2% | ||
| Q3 25 | 2.9% | 3.1% | ||
| Q2 25 | 4.3% | 3.8% | ||
| Q1 25 | 0.2% | -88.8% | ||
| Q4 24 | 3.0% | 0.6% | ||
| Q3 24 | 2.5% | 1.4% | ||
| Q2 24 | 2.5% | 2.0% | ||
| Q1 24 | -1.4% | -2.8% |
净利率CAPLMATV
| Q4 25 | 1.2% | 21.8% | ||
| Q3 25 | 1.4% | -0.6% | ||
| Q2 25 | 2.6% | -1.8% | ||
| Q1 25 | -0.8% | -87.8% | ||
| Q4 24 | 1.8% | 0.3% | ||
| Q3 24 | 1.0% | -4.2% | ||
| Q2 24 | 1.1% | -0.3% | ||
| Q1 24 | -1.9% | -5.6% |
每股收益（稀释后）CAPLMATV
| Q4 25 | $0.24 | $1.87 | ||
| Q3 25 | $0.34 | $-0.06 | ||
| Q2 25 | $0.64 | $-0.18 | ||
| Q1 25 | $-0.20 | $-7.82 | ||
| Q4 24 | $0.42 | $0.03 | ||
| Q3 24 | $0.27 | $-0.38 | ||
| Q2 24 | $0.31 | $-0.03 | ||
| Q1 24 | $-0.48 | $-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 | $3.1M | $84.2M |
| 总债务越低越好 | $687.2M | $1.0B |
| 股东权益账面价值 | — | $498.7M |
| 总资产 | $964.7M | $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CAPLMATV
| Q4 25 | $3.1M | $84.2M | ||
| Q3 25 | $5.8M | $97.1M | ||
| Q2 25 | $9.7M | $95.6M | ||
| Q1 25 | $6.7M | $84.0M | ||
| Q4 24 | $3.4M | $94.3M | ||
| Q3 24 | $7.8M | $162.2M | ||
| Q2 24 | $5.5M | $133.4M | ||
| Q1 24 | $6.3M | $128.9M |
总债务CAPLMATV
| Q4 25 | $687.2M | $1.0B | ||
| Q3 25 | $700.8M | $1.0B | ||
| Q2 25 | $722.7M | $1.1B | ||
| Q1 25 | $774.1M | $1.1B | ||
| Q4 24 | $763.9M | $1.1B | ||
| Q3 24 | $769.2M | $1.2B | ||
| Q2 24 | $786.7M | $1.2B | ||
| Q1 24 | $795.8M | $1.2B |
股东权益CAPLMATV
| Q4 25 | — | $498.7M | ||
| Q3 25 | — | $397.4M | ||
| Q2 25 | — | $416.6M | ||
| Q1 25 | — | $428.2M | ||
| Q4 24 | — | $858.5M | ||
| Q3 24 | — | $882.3M | ||
| Q2 24 | — | $898.0M | ||
| Q1 24 | — | $906.9M |
总资产CAPLMATV
| Q4 25 | $964.7M | $2.1B | ||
| Q3 25 | $998.9M | $2.0B | ||
| Q2 25 | $1.0B | $2.1B | ||
| Q1 25 | $1.1B | $2.1B | ||
| Q4 24 | $1.1B | $2.4B | ||
| Q3 24 | $1.1B | $2.6B | ||
| Q2 24 | $1.2B | $2.6B | ||
| Q1 24 | $1.2B | $2.7B |
负债/权益比CAPLMATV
| Q4 25 | — | 2.07× | ||
| Q3 25 | — | 2.63× | ||
| Q2 25 | — | 2.66× | ||
| Q1 25 | — | 2.67× | ||
| Q4 24 | — | 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 | $29.4M | $19.3M |
| 自由现金流经营现金流 - 资本支出 | $22.4M | $8.0M |
| 自由现金流率自由现金流/营收 | 2.6% | 1.7% |
| 资本支出强度资本支出/营收 | 0.8% | 2.4% |
| 现金转化率经营现金流/净利润 | 2.89× | 0.19× |
| 过去12个月自由现金流最近4个季度 | $55.8M | $93.8M |
8季度趋势，按日历期对齐
经营现金流CAPLMATV
| Q4 25 | $29.4M | $19.3M | ||
| Q3 25 | $24.4M | $72.8M | ||
| Q2 25 | $22.6M | $57.6M | ||
| Q1 25 | $15.0M | $-15.9M | ||
| Q4 24 | $11.1M | $24.1M | ||
| Q3 24 | $41.9M | $37.6M | ||
| Q2 24 | $28.9M | $46.1M | ||
| Q1 24 | $5.8M | $-13.0M |
自由现金流CAPLMATV
| Q4 25 | $22.4M | $8.0M | ||
| Q3 25 | $17.7M | $66.7M | ||
| Q2 25 | $10.8M | $48.9M | ||
| Q1 25 | $4.9M | $-29.8M | ||
| Q4 24 | $3.9M | $2.0M | ||
| Q3 24 | $34.2M | $25.5M | ||
| Q2 24 | $23.6M | $37.4M | ||
| Q1 24 | $-289.0K | $-25.1M |
自由现金流率CAPLMATV
| Q4 25 | 2.6% | 1.7% | ||
| Q3 25 | 1.8% | 13.0% | ||
| Q2 25 | 1.1% | 9.3% | ||
| Q1 25 | 0.6% | -6.1% | ||
| Q4 24 | 0.4% | 0.4% | ||
| Q3 24 | 3.2% | 5.1% | ||
| Q2 24 | 2.1% | 7.1% | ||
| Q1 24 | -0.0% | -5.0% |
资本支出强度CAPLMATV
| Q4 25 | 0.8% | 2.4% | ||
| Q3 25 | 0.7% | 1.2% | ||
| Q2 25 | 1.2% | 1.7% | ||
| Q1 25 | 1.2% | 2.9% | ||
| Q4 24 | 0.8% | 4.8% | ||
| Q3 24 | 0.7% | 2.4% | ||
| Q2 24 | 0.5% | 1.7% | ||
| Q1 24 | 0.6% | 2.4% |
现金转化率CAPLMATV
| Q4 25 | 2.89× | 0.19× | ||
| Q3 25 | 1.79× | — | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.66× | 16.07× | ||
| Q3 24 | 3.92× | — | ||
| Q2 24 | 2.33× | — | ||
| 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
CAPL
| Retail Segment | $505.3M | 58% |
| Wholesale | $360.9M | 42% |
| Other | $1.2M | 0% |
MATV
| Other | $208.7M | 45% |
| SAS Segment | $157.4M | 34% |
| FAM Segment | $97.0M | 21% |
