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Elastic N.V.（ESTC）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Elastic N.V.的1.1倍（$463.1M vs $423.5M），Mativ Holdings, Inc.净利率更高（21.8% vs -12.1%，领先33.9%），Elastic N.V.同比增速更快（15.9% vs 1.0%），Elastic N.V.自由现金流更多（$26.0M vs $8.0M），过去两年Elastic N.V.的营收复合增速更高（13.6% vs -3.8%）
Elastic是荷美合资软件企业，2012年成立于荷兰阿姆斯特丹，运营总部分设于荷兰及美国加利福尼亚州旧金山市，于纽交所上市。公司提供企业级搜索、可观测性、网络安全平台，可支持用户实现大规模数据搜索分析、系统性能监测及异常检测。
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。
ESTC vs MATV — 直观对比
营收规模更大
MATV
是对方的1.1倍
$423.5M
营收增速更快
ESTC
高出14.9%
1.0%
净利率更高
MATV
高出33.9%
-12.1%
自由现金流更多
ESTC
多$18.0M
$8.0M
两年增速更快
ESTC
近两年复合增速
-3.8%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $423.5M | $463.1M |
| 净利润 | $-51.3M | $100.8M |
| 毛利率 | 75.9% | 18.8% |
| 营业利润率 | -1.9% | 2.2% |
| 净利率 | -12.1% | 21.8% |
| 营收同比 | 15.9% | 1.0% |
| 净利润同比 | -101.5% | 6620.0% |
| 每股收益（稀释后） | $-0.48 | $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ESTCMATV
| Q4 25 | $423.5M | $463.1M | ||
| Q3 25 | $415.3M | $513.7M | ||
| Q2 25 | $388.4M | $525.4M | ||
| Q1 25 | $382.1M | $484.8M | ||
| Q4 24 | $365.4M | $458.6M | ||
| Q3 24 | $347.4M | $498.5M | ||
| Q2 24 | $335.0M | $523.8M | ||
| Q1 24 | $328.0M | $500.2M |
净利润ESTCMATV
| Q4 25 | $-51.3M | $100.8M | ||
| Q3 25 | $-24.6M | $-3.2M | ||
| Q2 25 | $-16.4M | $-9.5M | ||
| Q1 25 | $-17.1M | $-425.5M | ||
| Q4 24 | $-25.4M | $1.5M | ||
| Q3 24 | $-49.2M | $-20.8M | ||
| Q2 24 | $-41.1M | $-1.4M | ||
| Q1 24 | $176.1M | $-28.0M |
毛利率ESTCMATV
| Q4 25 | 75.9% | 18.8% | ||
| Q3 25 | 76.7% | 19.3% | ||
| Q2 25 | 74.8% | 19.7% | ||
| Q1 25 | 74.6% | 15.0% | ||
| Q4 24 | 74.5% | 16.9% | ||
| Q3 24 | 73.6% | 18.8% | ||
| Q2 24 | 73.8% | 20.8% | ||
| Q1 24 | 74.2% | 16.8% |
营业利润率ESTCMATV
| Q4 25 | -1.9% | 2.2% | ||
| Q3 25 | -2.3% | 3.1% | ||
| Q2 25 | -3.1% | 3.8% | ||
| Q1 25 | -1.2% | -88.8% | ||
| Q4 24 | -1.2% | 0.6% | ||
| Q3 24 | -9.7% | 1.4% | ||
| Q2 24 | -13.6% | 2.0% | ||
| Q1 24 | -8.1% | -2.8% |
净利率ESTCMATV
| Q4 25 | -12.1% | 21.8% | ||
| Q3 25 | -5.9% | -0.6% | ||
| Q2 25 | -4.2% | -1.8% | ||
| Q1 25 | -4.5% | -87.8% | ||
| Q4 24 | -7.0% | 0.3% | ||
| Q3 24 | -14.2% | -4.2% | ||
| Q2 24 | -12.3% | -0.3% | ||
| Q1 24 | 53.7% | -5.6% |
每股收益（稀释后）ESTCMATV
| Q4 25 | $-0.48 | $1.87 | ||
| Q3 25 | $-0.23 | $-0.06 | ||
| Q2 25 | $-0.15 | $-0.18 | ||
| Q1 25 | $-0.16 | $-7.82 | ||
| Q4 24 | $-0.25 | $0.03 | ||
| Q3 24 | $-0.48 | $-0.38 | ||
| Q2 24 | $-0.35 | $-0.03 | ||
| Q1 24 | $1.69 | $-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 | $1.4B | $84.2M |
| 总债务越低越好 | $570.3M | $1.0B |
| 股东权益账面价值 | $891.1M | $498.7M |
| 总资产 | $2.5B | $2.1B |
| 负债/权益比越低杠杆越低 | 0.64× | 2.07× |
8季度趋势，按日历期对齐
现金及短期投资ESTCMATV
| Q4 25 | $1.4B | $84.2M | ||
| Q3 25 | $1.5B | $97.1M | ||
| Q2 25 | $1.4B | $95.6M | ||
| Q1 25 | $584.0M | $84.0M | ||
| Q4 24 | $658.5M | $94.3M | ||
| Q3 24 | $594.9M | $162.2M | ||
| Q2 24 | $1.1B | $133.4M | ||
| Q1 24 | $526.9M | $128.9M |
总债务ESTCMATV
| Q4 25 | $570.3M | $1.0B | ||
| Q3 25 | $570.0M | $1.0B | ||
| Q2 25 | $569.7M | $1.1B | ||
| Q1 25 | $569.4M | $1.1B | ||
| Q4 24 | $569.2M | $1.1B | ||
| Q3 24 | $568.9M | $1.2B | ||
| Q2 24 | $568.6M | $1.2B | ||
| Q1 24 | $568.3M | $1.2B |
股东权益ESTCMATV
| Q4 25 | $891.1M | $498.7M | ||
| Q3 25 | $971.4M | $397.4M | ||
| Q2 25 | $927.2M | $416.6M | ||
| Q1 25 | $859.1M | $428.2M | ||
| Q4 24 | $811.5M | $858.5M | ||
| Q3 24 | $759.4M | $882.3M | ||
| Q2 24 | $738.2M | $898.0M | ||
| Q1 24 | $707.8M | $906.9M |
总资产ESTCMATV
| Q4 25 | $2.5B | $2.1B | ||
| Q3 25 | $2.5B | $2.0B | ||
| Q2 25 | $2.6B | $2.1B | ||
| Q1 25 | $2.3B | $2.1B | ||
| Q4 24 | $2.2B | $2.4B | ||
| Q3 24 | $2.2B | $2.6B | ||
| Q2 24 | $2.2B | $2.6B | ||
| Q1 24 | $2.1B | $2.7B |
负债/权益比ESTCMATV
| Q4 25 | 0.64× | 2.07× | ||
| Q3 25 | 0.59× | 2.63× | ||
| Q2 25 | 0.61× | 2.66× | ||
| Q1 25 | 0.66× | 2.67× | ||
| Q4 24 | 0.70× | 1.30× | ||
| Q3 24 | 0.75× | 1.32× | ||
| Q2 24 | 0.77× | 1.29× | ||
| Q1 24 | 0.80× | 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 | $26.6M | $19.3M |
| 自由现金流经营现金流 - 资本支出 | $26.0M | $8.0M |
| 自由现金流率自由现金流/营收 | 6.1% | 1.7% |
| 资本支出强度资本支出/营收 | 0.1% | 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 | $302.3M | $93.8M |
8季度趋势，按日历期对齐
经营现金流ESTCMATV
| Q4 25 | $26.6M | $19.3M | ||
| Q3 25 | $104.8M | $72.8M | ||
| Q2 25 | $87.0M | $57.6M | ||
| Q1 25 | $88.1M | $-15.9M | ||
| Q4 24 | $38.4M | $24.1M | ||
| Q3 24 | $52.8M | $37.6M | ||
| Q2 24 | $60.9M | $46.1M | ||
| Q1 24 | $52.4M | $-13.0M |
自由现金流ESTCMATV
| Q4 25 | $26.0M | $8.0M | ||
| Q3 25 | $104.2M | $66.7M | ||
| Q2 25 | $84.9M | $48.9M | ||
| Q1 25 | $87.3M | $-29.8M | ||
| Q4 24 | $37.7M | $2.0M | ||
| Q3 24 | $52.0M | $25.5M | ||
| Q2 24 | $60.1M | $37.4M | ||
| Q1 24 | $51.3M | $-25.1M |
自由现金流率ESTCMATV
| Q4 25 | 6.1% | 1.7% | ||
| Q3 25 | 25.1% | 13.0% | ||
| Q2 25 | 21.8% | 9.3% | ||
| Q1 25 | 22.8% | -6.1% | ||
| Q4 24 | 10.3% | 0.4% | ||
| Q3 24 | 15.0% | 5.1% | ||
| Q2 24 | 17.9% | 7.1% | ||
| Q1 24 | 15.6% | -5.0% |
资本支出强度ESTCMATV
| Q4 25 | 0.1% | 2.4% | ||
| Q3 25 | 0.2% | 1.2% | ||
| Q2 25 | 0.5% | 1.7% | ||
| Q1 25 | 0.2% | 2.9% | ||
| Q4 24 | 0.2% | 4.8% | ||
| Q3 24 | 0.2% | 2.4% | ||
| Q2 24 | 0.3% | 1.7% | ||
| Q1 24 | 0.3% | 2.4% |
现金转化率ESTCMATV
| Q4 25 | — | 0.19× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 16.07× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.30× | — |
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
ESTC
| Self Managed Subscription | $192.0M | 45% |
| Saa S Self Managed Annual | $156.9M | 37% |
| Saa S Self Managed Monthly | $48.8M | 12% |
| Professional Services | $25.8M | 6% |
MATV
| Other | $208.7M | 45% |
| SAS Segment | $157.4M | 34% |
| FAM Segment | $97.0M | 21% |
