vs
Figma, Inc.（FIG）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Figma, Inc.的1.7倍（$463.1M vs $274.2M），Mativ Holdings, Inc.净利率更高（21.8% vs -400.1%，领先421.9%），Figma, Inc.同比增速更快（38.0% vs 1.0%），Figma, Inc.自由现金流更多（$49.5M vs $8.0M）
Figma是主打界面设计的协作式网页应用，同时适配macOS与Windows桌面端，支持离线使用。产品聚焦UI/UX设计场景，内置矢量图形编辑、原型制作工具，主打多人实时协作，安卓及iOS移动端应用可支持用户在手机、平板上随时查看并交互预览设计原型。
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。
FIG vs MATV — 直观对比
营收规模更大
MATV
是对方的1.7倍
$274.2M
营收增速更快
FIG
高出37.0%
1.0%
净利率更高
MATV
高出421.9%
-400.1%
自由现金流更多
FIG
多$41.5M
$8.0M
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $274.2M | $463.1M |
| 净利润 | $-1.1B | $100.8M |
| 毛利率 | 69.4% | 18.8% |
| 营业利润率 | -414.6% | 2.2% |
| 净利率 | -400.1% | 21.8% |
| 营收同比 | 38.0% | 1.0% |
| 净利润同比 | -6933.0% | 6620.0% |
| 每股收益（稀释后） | $-2.72 | $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FIGMATV
| Q4 25 | — | $463.1M | ||
| Q3 25 | $274.2M | $513.7M | ||
| Q2 25 | $249.6M | $525.4M | ||
| Q1 25 | — | $484.8M | ||
| Q4 24 | — | $458.6M | ||
| Q3 24 | $198.6M | $498.5M | ||
| Q2 24 | $177.2M | $523.8M | ||
| Q1 24 | — | $500.2M |
净利润FIGMATV
| Q4 25 | — | $100.8M | ||
| Q3 25 | $-1.1B | $-3.2M | ||
| Q2 25 | $28.2M | $-9.5M | ||
| Q1 25 | — | $-425.5M | ||
| Q4 24 | — | $1.5M | ||
| Q3 24 | $-15.6M | $-20.8M | ||
| Q2 24 | $-827.9M | $-1.4M | ||
| Q1 24 | — | $-28.0M |
毛利率FIGMATV
| Q4 25 | — | 18.8% | ||
| Q3 25 | 69.4% | 19.3% | ||
| Q2 25 | 88.8% | 19.7% | ||
| Q1 25 | — | 15.0% | ||
| Q4 24 | — | 16.9% | ||
| Q3 24 | 90.6% | 18.8% | ||
| Q2 24 | 77.7% | 20.8% | ||
| Q1 24 | — | 16.8% |
营业利润率FIGMATV
| Q4 25 | — | 2.2% | ||
| Q3 25 | -414.6% | 3.1% | ||
| Q2 25 | 0.8% | 3.8% | ||
| Q1 25 | — | -88.8% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | -23.8% | 1.4% | ||
| Q2 24 | -504.7% | 2.0% | ||
| Q1 24 | — | -2.8% |
净利率FIGMATV
| Q4 25 | — | 21.8% | ||
| Q3 25 | -400.1% | -0.6% | ||
| Q2 25 | 11.3% | -1.8% | ||
| Q1 25 | — | -87.8% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | -7.9% | -4.2% | ||
| Q2 24 | -467.2% | -0.3% | ||
| Q1 24 | — | -5.6% |
每股收益（稀释后）FIGMATV
| Q4 25 | — | $1.87 | ||
| Q3 25 | $-2.72 | $-0.06 | ||
| Q2 25 | $0.00 | $-0.18 | ||
| Q1 25 | — | $-7.82 | ||
| Q4 24 | — | $0.03 | ||
| Q3 24 | $-0.07 | $-0.38 | ||
| Q2 24 | $-4.39 | $-0.03 | ||
| Q1 24 | — | $-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 | $1.6B | $84.2M |
| 总债务越低越好 | — | $1.0B |
| 股东权益账面价值 | $1.4B | $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FIGMATV
| Q4 25 | — | $84.2M | ||
| Q3 25 | $1.6B | $97.1M | ||
| Q2 25 | $1.6B | $95.6M | ||
| Q1 25 | — | $84.0M | ||
| Q4 24 | — | $94.3M | ||
| Q3 24 | $416.1M | $162.2M | ||
| Q2 24 | $586.1M | $133.4M | ||
| Q1 24 | — | $128.9M |
总债务FIGMATV
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
股东权益FIGMATV
| Q4 25 | — | $498.7M | ||
| Q3 25 | $1.4B | $397.4M | ||
| Q2 25 | $1.4B | $416.6M | ||
| Q1 25 | — | $428.2M | ||
| Q4 24 | — | $858.5M | ||
| Q3 24 | $1.2B | $882.3M | ||
| Q2 24 | $862.4M | $898.0M | ||
| Q1 24 | — | $906.9M |
总资产FIGMATV
| Q4 25 | — | $2.1B | ||
| Q3 25 | $2.1B | $2.0B | ||
| Q2 25 | $2.0B | $2.1B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.6B | ||
| Q2 24 | — | $2.6B | ||
| Q1 24 | — | $2.7B |
负债/权益比FIGMATV
| 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 | $51.2M | $19.3M |
| 自由现金流经营现金流 - 资本支出 | $49.5M | $8.0M |
| 自由现金流率自由现金流/营收 | 18.0% | 1.7% |
| 资本支出强度资本支出/营收 | 0.6% | 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 | — | $93.8M |
8季度趋势，按日历期对齐
经营现金流FIGMATV
| Q4 25 | — | $19.3M | ||
| Q3 25 | $51.2M | $72.8M | ||
| Q2 25 | — | $57.6M | ||
| Q1 25 | — | $-15.9M | ||
| Q4 24 | — | $24.1M | ||
| Q3 24 | — | $37.6M | ||
| Q2 24 | — | $46.1M | ||
| Q1 24 | — | $-13.0M |
自由现金流FIGMATV
| Q4 25 | — | $8.0M | ||
| Q3 25 | $49.5M | $66.7M | ||
| Q2 25 | — | $48.9M | ||
| Q1 25 | — | $-29.8M | ||
| Q4 24 | — | $2.0M | ||
| Q3 24 | — | $25.5M | ||
| Q2 24 | — | $37.4M | ||
| Q1 24 | — | $-25.1M |
自由现金流率FIGMATV
| Q4 25 | — | 1.7% | ||
| Q3 25 | 18.0% | 13.0% | ||
| Q2 25 | — | 9.3% | ||
| Q1 25 | — | -6.1% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 5.1% | ||
| Q2 24 | — | 7.1% | ||
| Q1 24 | — | -5.0% |
资本支出强度FIGMATV
| Q4 25 | — | 2.4% | ||
| Q3 25 | 0.6% | 1.2% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 2.9% | ||
| Q4 24 | — | 4.8% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 1.7% | ||
| Q1 24 | — | 2.4% |
现金转化率FIGMATV
| Q4 25 | — | 0.19× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 16.07× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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
FIG
| Non Us | $147.4M | 54% |
| US | $126.8M | 46% |
MATV
| Other | $208.7M | 45% |
| SAS Segment | $157.4M | 34% |
| FAM Segment | $97.0M | 21% |
