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Mativ Holdings, Inc.（MATV）与摩丁制造（MOD）财务数据对比。点击上方公司名可切换其他公司
摩丁制造的季度营收约是Mativ Holdings, Inc.的1.7倍（$805.0M vs $463.1M），Mativ Holdings, Inc.净利率更高（21.8% vs -5.9%，领先27.7%），摩丁制造同比增速更快（30.5% vs 1.0%），Mativ Holdings, Inc.自由现金流更多（$8.0M vs $-17.1M），过去两年摩丁制造的营收复合增速更高（15.5% 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。
摩丁制造是1916年成立于美国的热管理企业。创始人亚瑟·B·摩丁获拖拉机Spirex散热器专利后创立公司，曾为福特T型车生产Turbotube散热器，1941年在威斯康星州拉辛建成全球首个车用风洞，二战期间为P-51野马战斗机供应后冷却器。
MATV vs MOD — 直观对比
营收规模更大
MOD
是对方的1.7倍
$463.1M
营收增速更快
MOD
高出29.5%
1.0%
净利率更高
MATV
高出27.7%
-5.9%
自由现金流更多
MATV
多$25.1M
$-17.1M
两年增速更快
MOD
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $463.1M | $805.0M |
| 净利润 | $100.8M | $-47.4M |
| 毛利率 | 18.8% | 23.1% |
| 营业利润率 | 2.2% | 11.1% |
| 净利率 | 21.8% | -5.9% |
| 营收同比 | 1.0% | 30.5% |
| 净利润同比 | 6620.0% | -215.6% |
| 每股收益（稀释后） | $1.87 | $-0.90 |
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MATVMOD
| Q4 25 | $463.1M | $805.0M | ||
| Q3 25 | $513.7M | $738.9M | ||
| Q2 25 | $525.4M | $682.8M | ||
| Q1 25 | $484.8M | $647.2M | ||
| Q4 24 | $458.6M | $616.8M | ||
| Q3 24 | $498.5M | $658.0M | ||
| Q2 24 | $523.8M | $661.5M | ||
| Q1 24 | $500.2M | $603.5M |
净利润MATVMOD
| Q4 25 | $100.8M | $-47.4M | ||
| Q3 25 | $-3.2M | $44.4M | ||
| Q2 25 | $-9.5M | $51.2M | ||
| Q1 25 | $-425.5M | $49.6M | ||
| Q4 24 | $1.5M | $41.0M | ||
| Q3 24 | $-20.8M | $46.1M | ||
| Q2 24 | $-1.4M | $47.3M | ||
| Q1 24 | $-28.0M | $25.8M |
毛利率MATVMOD
| Q4 25 | 18.8% | 23.1% | ||
| Q3 25 | 19.3% | 22.3% | ||
| Q2 25 | 19.7% | 24.2% | ||
| Q1 25 | 15.0% | 25.6% | ||
| Q4 24 | 16.9% | 24.3% | ||
| Q3 24 | 18.8% | 25.2% | ||
| Q2 24 | 20.8% | 24.6% | ||
| Q1 24 | 16.8% | 22.4% |
营业利润率MATVMOD
| Q4 25 | 2.2% | 11.1% | ||
| Q3 25 | 3.1% | 9.9% | ||
| Q2 25 | 3.8% | 11.1% | ||
| Q1 25 | -88.8% | 11.5% | ||
| Q4 24 | 0.6% | 9.6% | ||
| Q3 24 | 1.4% | 11.4% | ||
| Q2 24 | 2.0% | 11.2% | ||
| Q1 24 | -2.8% | 7.8% |
净利率MATVMOD
| Q4 25 | 21.8% | -5.9% | ||
| Q3 25 | -0.6% | 6.0% | ||
| Q2 25 | -1.8% | 7.5% | ||
| Q1 25 | -87.8% | 7.7% | ||
| Q4 24 | 0.3% | 6.6% | ||
| Q3 24 | -4.2% | 7.0% | ||
| Q2 24 | -0.3% | 7.2% | ||
| Q1 24 | -5.6% | 4.3% |
每股收益（稀释后）MATVMOD
| Q4 25 | $1.87 | $-0.90 | ||
| Q3 25 | $-0.06 | $0.83 | ||
| Q2 25 | $-0.18 | $0.95 | ||
| Q1 25 | $-7.82 | $0.92 | ||
| Q4 24 | $0.03 | $0.76 | ||
| Q3 24 | $-0.38 | $0.86 | ||
| Q2 24 | $-0.03 | $0.88 | ||
| Q1 24 | $-0.52 | $0.48 |
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 | $98.7M |
| 总债务越低越好 | $1.0B | $570.7M |
| 股东权益账面价值 | $498.7M | $1.1B |
| 总资产 | $2.1B | $2.5B |
| 负债/权益比越低杠杆越低 | 2.07× | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资MATVMOD
| Q4 25 | $84.2M | $98.7M | ||
| Q3 25 | $97.1M | $83.8M | ||
| Q2 25 | $95.6M | $124.5M | ||
| Q1 25 | $84.0M | $71.6M | ||
| Q4 24 | $94.3M | $83.8M | ||
| Q3 24 | $162.2M | $78.6M | ||
| Q2 24 | $133.4M | $72.9M | ||
| Q1 24 | $128.9M | $60.1M |
总债务MATVMOD
| Q4 25 | $1.0B | $570.7M | ||
| Q3 25 | $1.0B | $525.8M | ||
| Q2 25 | $1.1B | $482.1M | ||
| Q1 25 | $1.1B | $296.7M | ||
| Q4 24 | $1.1B | $330.0M | ||
| Q3 24 | $1.2B | $359.1M | ||
| Q2 24 | $1.2B | $405.7M | ||
| Q1 24 | $1.2B | $399.9M |
股东权益MATVMOD
| Q4 25 | $498.7M | $1.1B | ||
| Q3 25 | $397.4M | $1.1B | ||
| Q2 25 | $416.6M | $1.0B | ||
| Q1 25 | $428.2M | $910.2M | ||
| Q4 24 | $858.5M | $855.1M | ||
| Q3 24 | $882.3M | $858.8M | ||
| Q2 24 | $898.0M | $788.4M | ||
| Q1 24 | $906.9M | $747.6M |
总资产MATVMOD
| Q4 25 | $2.1B | $2.5B | ||
| Q3 25 | $2.0B | $2.4B | ||
| Q2 25 | $2.1B | $2.2B | ||
| Q1 25 | $2.1B | $1.9B | ||
| Q4 24 | $2.4B | $1.8B | ||
| Q3 24 | $2.6B | $1.9B | ||
| Q2 24 | $2.6B | $1.9B | ||
| Q1 24 | $2.7B | $1.9B |
负债/权益比MATVMOD
| Q4 25 | 2.07× | 0.51× | ||
| Q3 25 | 2.63× | 0.50× | ||
| Q2 25 | 2.66× | 0.48× | ||
| Q1 25 | 2.67× | 0.33× | ||
| Q4 24 | 1.30× | 0.39× | ||
| Q3 24 | 1.32× | 0.42× | ||
| Q2 24 | 1.29× | 0.51× | ||
| Q1 24 | 1.30× | 0.53× |
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 | $24.7M |
| 自由现金流经营现金流 - 资本支出 | $8.0M | $-17.1M |
| 自由现金流率自由现金流/营收 | 1.7% | -2.1% |
| 资本支出强度资本支出/营收 | 2.4% | 5.2% |
| 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 | $-20.3M |
8季度趋势，按日历期对齐
经营现金流MATVMOD
| Q4 25 | $19.3M | $24.7M | ||
| Q3 25 | $72.8M | $1.4M | ||
| Q2 25 | $57.6M | $27.7M | ||
| Q1 25 | $-15.9M | $54.8M | ||
| Q4 24 | $24.1M | $60.7M | ||
| Q3 24 | $37.6M | $57.3M | ||
| Q2 24 | $46.1M | $40.5M | ||
| Q1 24 | $-13.0M | $39.6M |
自由现金流MATVMOD
| Q4 25 | $8.0M | $-17.1M | ||
| Q3 25 | $66.7M | $-30.5M | ||
| Q2 25 | $48.9M | $200.0K | ||
| Q1 25 | $-29.8M | $27.1M | ||
| Q4 24 | $2.0M | $44.7M | ||
| Q3 24 | $25.5M | $43.8M | ||
| Q2 24 | $37.4M | $13.7M | ||
| Q1 24 | $-25.1M | $-4.3M |
自由现金流率MATVMOD
| Q4 25 | 1.7% | -2.1% | ||
| Q3 25 | 13.0% | -4.1% | ||
| Q2 25 | 9.3% | 0.0% | ||
| Q1 25 | -6.1% | 4.2% | ||
| Q4 24 | 0.4% | 7.2% | ||
| Q3 24 | 5.1% | 6.7% | ||
| Q2 24 | 7.1% | 2.1% | ||
| Q1 24 | -5.0% | -0.7% |
资本支出强度MATVMOD
| Q4 25 | 2.4% | 5.2% | ||
| Q3 25 | 1.2% | 4.3% | ||
| Q2 25 | 1.7% | 4.0% | ||
| Q1 25 | 2.9% | 4.3% | ||
| Q4 24 | 4.8% | 2.6% | ||
| Q3 24 | 2.4% | 2.1% | ||
| Q2 24 | 1.7% | 4.1% | ||
| Q1 24 | 2.4% | 7.3% |
现金转化率MATVMOD
| Q4 25 | 0.19× | — | ||
| Q3 25 | — | 0.03× | ||
| Q2 25 | — | 0.54× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | 16.07× | 1.48× | ||
| Q3 24 | — | 1.24× | ||
| Q2 24 | — | 0.86× | ||
| Q1 24 | — | 1.53× |
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% |
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
