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Mativ Holdings, Inc.（MATV）与奥飞娱乐（MAX）财务数据对比。点击上方公司名可切换其他公司
Mativ Holdings, Inc.的季度营收约是奥飞娱乐的1.5倍（$463.1M vs $310.0M），Mativ Holdings, Inc.净利率更高（21.8% vs 4.5%，领先17.2%），奥飞娱乐同比增速更快（17.3% vs 1.0%），过去两年奥飞娱乐的营收复合增速更高（31.9% vs -3.8%）
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。
奥飞娱乐股份有限公司由蔡东青于1993年创立，是一家中国跨国综合企业集团，主营动漫、玩具、传媒资产与娱乐业务，2016年由原奥飞动漫更名而来。集团拥有国漫平台有妖气，还在美国设有影视公司奥飞影业，并宣布将在美国设立动漫业务部门。
MATV vs MAX — 直观对比
营收规模更大
MATV
是对方的1.5倍
$310.0M
营收增速更快
MAX
高出16.3%
1.0%
净利率更高
MATV
高出17.2%
4.5%
两年增速更快
MAX
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $463.1M | $310.0M |
| 净利润 | $100.8M | $14.0M |
| 毛利率 | 18.8% | 15.1% |
| 营业利润率 | 2.2% | 7.2% |
| 净利率 | 21.8% | 4.5% |
| 营收同比 | 1.0% | 17.3% |
| 净利润同比 | 6620.0% | 701.8% |
| 每股收益（稀释后） | $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MATVMAX
| Q1 26 | — | $310.0M | ||
| Q4 25 | $463.1M | $291.2M | ||
| Q3 25 | $513.7M | $306.5M | ||
| Q2 25 | $525.4M | $251.6M | ||
| Q1 25 | $484.8M | $264.3M | ||
| Q4 24 | $458.6M | $300.6M | ||
| Q3 24 | $498.5M | $259.1M | ||
| Q2 24 | $523.8M | $178.3M |
净利润MATVMAX
| Q1 26 | — | $14.0M | ||
| Q4 25 | $100.8M | $31.4M | ||
| Q3 25 | $-3.2M | $14.9M | ||
| Q2 25 | $-9.5M | $-18.7M | ||
| Q1 25 | $-425.5M | $-1.9M | ||
| Q4 24 | $1.5M | $4.6M | ||
| Q3 24 | $-20.8M | $9.5M | ||
| Q2 24 | $-1.4M | $3.6M |
毛利率MATVMAX
| Q1 26 | — | 15.1% | ||
| Q4 25 | 18.8% | 15.4% | ||
| Q3 25 | 19.3% | 14.2% | ||
| Q2 25 | 19.7% | 15.0% | ||
| Q1 25 | 15.0% | 15.8% | ||
| Q4 24 | 16.9% | 16.3% | ||
| Q3 24 | 18.8% | 15.1% | ||
| Q2 24 | 20.8% | 17.8% |
营业利润率MATVMAX
| Q1 26 | — | 7.2% | ||
| Q4 25 | 2.2% | 7.7% | ||
| Q3 25 | 3.1% | 6.4% | ||
| Q2 25 | 3.8% | -8.0% | ||
| Q1 25 | -88.8% | 0.0% | ||
| Q4 24 | 0.6% | 6.1% | ||
| Q3 24 | 1.4% | 6.0% | ||
| Q2 24 | 2.0% | 3.6% |
净利率MATVMAX
| Q1 26 | — | 4.5% | ||
| Q4 25 | 21.8% | 10.8% | ||
| Q3 25 | -0.6% | 4.9% | ||
| Q2 25 | -1.8% | -7.4% | ||
| Q1 25 | -87.8% | -0.7% | ||
| Q4 24 | 0.3% | 1.5% | ||
| Q3 24 | -4.2% | 3.7% | ||
| Q2 24 | -0.3% | 2.0% |
每股收益（稀释后）MATVMAX
| Q1 26 | — | — | ||
| Q4 25 | $1.87 | $0.50 | ||
| Q3 25 | $-0.06 | $0.26 | ||
| Q2 25 | $-0.18 | $-0.33 | ||
| Q1 25 | $-7.82 | $-0.04 | ||
| Q4 24 | $0.03 | $0.09 | ||
| Q3 24 | $-0.38 | $0.17 | ||
| Q2 24 | $-0.03 | $0.07 |
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 | $84.2M | $26.1M |
| 总债务越低越好 | $1.0B | $163.5M |
| 股东权益账面价值 | $498.7M | — |
| 总资产 | $2.1B | $367.7M |
| 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MATVMAX
| Q1 26 | — | $26.1M | ||
| Q4 25 | $84.2M | $46.9M | ||
| Q3 25 | $97.1M | $38.8M | ||
| Q2 25 | $95.6M | $85.4M | ||
| Q1 25 | $84.0M | $63.6M | ||
| Q4 24 | $94.3M | $43.3M | ||
| Q3 24 | $162.2M | $32.3M | ||
| Q2 24 | $133.4M | $28.7M |
总债务MATVMAX
| Q1 26 | — | $163.5M | ||
| Q4 25 | $1.0B | $153.4M | ||
| Q3 25 | $1.0B | $155.7M | ||
| Q2 25 | $1.1B | $158.0M | ||
| Q1 25 | $1.1B | $160.2M | ||
| Q4 24 | $1.1B | $162.4M | ||
| Q3 24 | $1.2B | $164.7M | ||
| Q2 24 | $1.2B | $166.9M |
股东权益MATVMAX
| Q1 26 | — | — | ||
| Q4 25 | $498.7M | $4.2M | ||
| Q3 25 | $397.4M | $-29.8M | ||
| Q2 25 | $416.6M | $-3.8M | ||
| Q1 25 | $428.2M | $7.9M | ||
| Q4 24 | $858.5M | $2.4M | ||
| Q3 24 | $882.3M | $-8.4M | ||
| Q2 24 | $898.0M | $-24.4M |
总资产MATVMAX
| Q1 26 | — | $367.7M | ||
| Q4 25 | $2.1B | $383.8M | ||
| Q3 25 | $2.0B | $266.2M | ||
| Q2 25 | $2.1B | $249.4M | ||
| Q1 25 | $2.1B | $240.0M | ||
| Q4 24 | $2.4B | $262.4M | ||
| Q3 24 | $2.6B | $236.1M | ||
| Q2 24 | $2.6B | $198.2M |
负债/权益比MATVMAX
| Q1 26 | — | — | ||
| Q4 25 | 2.07× | 36.88× | ||
| Q3 25 | 2.63× | — | ||
| Q2 25 | 2.66× | — | ||
| Q1 25 | 2.67× | 20.23× | ||
| Q4 24 | 1.30× | 68.31× | ||
| Q3 24 | 1.32× | — | ||
| Q2 24 | 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 | $19.3M | — |
| 自由现金流经营现金流 - 资本支出 | $8.0M | — |
| 自由现金流率自由现金流/营收 | 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 | 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MATVMAX
| Q1 26 | — | — | ||
| Q4 25 | $19.3M | $-7.4M | ||
| Q3 25 | $72.8M | $23.6M | ||
| Q2 25 | $57.6M | $25.7M | ||
| Q1 25 | $-15.9M | $23.7M | ||
| Q4 24 | $24.1M | $14.5M | ||
| Q3 24 | $37.6M | $8.1M | ||
| Q2 24 | $46.1M | $21.6M |
自由现金流MATVMAX
| Q1 26 | — | — | ||
| Q4 25 | $8.0M | $-7.5M | ||
| Q3 25 | $66.7M | $23.6M | ||
| Q2 25 | $48.9M | $25.5M | ||
| Q1 25 | $-29.8M | $23.6M | ||
| Q4 24 | $2.0M | $14.5M | ||
| Q3 24 | $25.5M | $8.0M | ||
| Q2 24 | $37.4M | $21.5M |
自由现金流率MATVMAX
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | -2.6% | ||
| Q3 25 | 13.0% | 7.7% | ||
| Q2 25 | 9.3% | 10.2% | ||
| Q1 25 | -6.1% | 8.9% | ||
| Q4 24 | 0.4% | 4.8% | ||
| Q3 24 | 5.1% | 3.1% | ||
| Q2 24 | 7.1% | 12.0% |
资本支出强度MATVMAX
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 0.0% | ||
| Q3 25 | 1.2% | 0.0% | ||
| Q2 25 | 1.7% | 0.1% | ||
| Q1 25 | 2.9% | 0.0% | ||
| Q4 24 | 4.8% | 0.0% | ||
| Q3 24 | 2.4% | 0.0% | ||
| Q2 24 | 1.7% | 0.1% |
现金转化率MATVMAX
| Q1 26 | — | — | ||
| Q4 25 | 0.19× | -0.24× | ||
| Q3 25 | — | 1.58× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 16.07× | 3.13× | ||
| Q3 24 | — | 0.85× | ||
| Q2 24 | — | 5.97× |
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
MATV
| Other | $208.7M | 45% |
| SAS Segment | $157.4M | 34% |
| FAM Segment | $97.0M | 21% |
MAX
暂无分部数据
