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Mativ Holdings, Inc.（MATV）与MSA Safety Inc（MSA）财务数据对比。点击上方公司名可切换其他公司
MSA Safety Inc的季度营收约是Mativ Holdings, Inc.的1.1倍（$510.9M vs $463.1M），Mativ Holdings, Inc.净利率更高（21.8% vs 17.0%，领先4.8%），MSA Safety Inc同比增速更快（2.2% vs 1.0%），MSA Safety Inc自由现金流更多（$106.0M vs $8.0M），过去两年MSA Safety Inc的营收复合增速更高（11.2% 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。
MSA安全是美国专业安全设备生产供应商，面向建筑、军事、消防、化工、油气等存在高危作业场景的多个行业提供安全防护产品及解决方案，总部位于美国匹兹堡近郊的克兰伯里。
MATV vs MSA — 直观对比
营收规模更大
MSA
是对方的1.1倍
$463.1M
营收增速更快
MSA
高出1.3%
1.0%
净利率更高
MATV
高出4.8%
17.0%
自由现金流更多
MSA
多$98.0M
$8.0M
两年增速更快
MSA
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $463.1M | $510.9M |
| 净利润 | $100.8M | $86.9M |
| 毛利率 | 18.8% | 46.9% |
| 营业利润率 | 2.2% | 22.3% |
| 净利率 | 21.8% | 17.0% |
| 营收同比 | 1.0% | 2.2% |
| 净利润同比 | 6620.0% | -1.2% |
| 每股收益（稀释后） | $1.87 | $2.22 |
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MATVMSA
| Q4 25 | $463.1M | $510.9M | ||
| Q3 25 | $513.7M | $468.4M | ||
| Q2 25 | $525.4M | $474.1M | ||
| Q1 25 | $484.8M | $421.3M | ||
| Q4 24 | $458.6M | $499.7M | ||
| Q3 24 | $498.5M | $432.7M | ||
| Q2 24 | $523.8M | $462.5M | ||
| Q1 24 | $500.2M | $413.3M |
净利润MATVMSA
| Q4 25 | $100.8M | $86.9M | ||
| Q3 25 | $-3.2M | $69.6M | ||
| Q2 25 | $-9.5M | $62.8M | ||
| Q1 25 | $-425.5M | $59.6M | ||
| Q4 24 | $1.5M | $87.9M | ||
| Q3 24 | $-20.8M | $66.6M | ||
| Q2 24 | $-1.4M | $72.2M | ||
| Q1 24 | $-28.0M | $58.1M |
毛利率MATVMSA
| Q4 25 | 18.8% | 46.9% | ||
| Q3 25 | 19.3% | 46.5% | ||
| Q2 25 | 19.7% | 46.6% | ||
| Q1 25 | 15.0% | 45.9% | ||
| Q4 24 | 16.9% | 46.9% | ||
| Q3 24 | 18.8% | 47.9% | ||
| Q2 24 | 20.8% | 48.2% | ||
| Q1 24 | 16.8% | 47.3% |
营业利润率MATVMSA
| Q4 25 | 2.2% | 22.3% | ||
| Q3 25 | 3.1% | 20.1% | ||
| Q2 25 | 3.8% | 18.1% | ||
| Q1 25 | -88.8% | 18.5% | ||
| Q4 24 | 0.6% | 23.5% | ||
| Q3 24 | 1.4% | 21.1% | ||
| Q2 24 | 2.0% | 21.6% | ||
| Q1 24 | -2.8% | 19.4% |
净利率MATVMSA
| Q4 25 | 21.8% | 17.0% | ||
| Q3 25 | -0.6% | 14.9% | ||
| Q2 25 | -1.8% | 13.2% | ||
| Q1 25 | -87.8% | 14.1% | ||
| Q4 24 | 0.3% | 17.6% | ||
| Q3 24 | -4.2% | 15.4% | ||
| Q2 24 | -0.3% | 15.6% | ||
| Q1 24 | -5.6% | 14.1% |
每股收益（稀释后）MATVMSA
| Q4 25 | $1.87 | $2.22 | ||
| Q3 25 | $-0.06 | $1.77 | ||
| Q2 25 | $-0.18 | $1.59 | ||
| Q1 25 | $-7.82 | $1.51 | ||
| Q4 24 | $0.03 | $2.22 | ||
| Q3 24 | $-0.38 | $1.69 | ||
| Q2 24 | $-0.03 | $1.83 | ||
| Q1 24 | $-0.52 | $1.47 |
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 | $165.1M |
| 总债务越低越好 | $1.0B | $580.9M |
| 股东权益账面价值 | $498.7M | $1.4B |
| 总资产 | $2.1B | $2.6B |
| 负债/权益比越低杠杆越低 | 2.07× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资MATVMSA
| Q4 25 | $84.2M | $165.1M | ||
| Q3 25 | $97.1M | $170.0M | ||
| Q2 25 | $95.6M | $147.0M | ||
| Q1 25 | $84.0M | $170.6M | ||
| Q4 24 | $94.3M | $164.6M | ||
| Q3 24 | $162.2M | $154.4M | ||
| Q2 24 | $133.4M | $146.8M | ||
| Q1 24 | $128.9M | $148.3M |
总债务MATVMSA
| Q4 25 | $1.0B | $580.9M | ||
| Q3 25 | $1.0B | $628.6M | ||
| Q2 25 | $1.1B | $679.3M | ||
| Q1 25 | $1.1B | $502.1M | ||
| Q4 24 | $1.1B | $508.0M | ||
| Q3 24 | $1.2B | $554.7M | ||
| Q2 24 | $1.2B | $588.2M | ||
| Q1 24 | $1.2B | $596.2M |
股东权益MATVMSA
| Q4 25 | $498.7M | $1.4B | ||
| Q3 25 | $397.4M | $1.3B | ||
| Q2 25 | $416.6M | $1.3B | ||
| Q1 25 | $428.2M | $1.2B | ||
| Q4 24 | $858.5M | $1.1B | ||
| Q3 24 | $882.3M | $1.1B | ||
| Q2 24 | $898.0M | $1.0B | ||
| Q1 24 | $906.9M | $994.8M |
总资产MATVMSA
| Q4 25 | $2.1B | $2.6B | ||
| Q3 25 | $2.0B | $2.6B | ||
| Q2 25 | $2.1B | $2.6B | ||
| Q1 25 | $2.1B | $2.2B | ||
| Q4 24 | $2.4B | $2.2B | ||
| Q3 24 | $2.6B | $2.2B | ||
| Q2 24 | $2.6B | $2.2B | ||
| Q1 24 | $2.7B | $2.2B |
负债/权益比MATVMSA
| Q4 25 | 2.07× | 0.42× | ||
| Q3 25 | 2.63× | 0.48× | ||
| Q2 25 | 2.66× | 0.54× | ||
| Q1 25 | 2.67× | 0.42× | ||
| Q4 24 | 1.30× | 0.44× | ||
| Q3 24 | 1.32× | 0.51× | ||
| Q2 24 | 1.29× | 0.57× | ||
| Q1 24 | 1.30× | 0.60× |
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 | $122.4M |
| 自由现金流经营现金流 - 资本支出 | $8.0M | $106.0M |
| 自由现金流率自由现金流/营收 | 1.7% | 20.8% |
| 资本支出强度资本支出/营收 | 2.4% | 3.2% |
| 现金转化率经营现金流/净利润 | 0.19× | 1.41× |
| 过去12个月自由现金流最近4个季度 | $93.8M | $295.4M |
8季度趋势，按日历期对齐
经营现金流MATVMSA
| Q4 25 | $19.3M | $122.4M | ||
| Q3 25 | $72.8M | $112.5M | ||
| Q2 25 | $57.6M | $67.2M | ||
| Q1 25 | $-15.9M | $61.8M | ||
| Q4 24 | $24.1M | $107.9M | ||
| Q3 24 | $37.6M | $84.3M | ||
| Q2 24 | $46.1M | $53.3M | ||
| Q1 24 | $-13.0M | $50.9M |
自由现金流MATVMSA
| Q4 25 | $8.0M | $106.0M | ||
| Q3 25 | $66.7M | $100.5M | ||
| Q2 25 | $48.9M | $37.9M | ||
| Q1 25 | $-29.8M | $51.0M | ||
| Q4 24 | $2.0M | $93.5M | ||
| Q3 24 | $25.5M | $70.1M | ||
| Q2 24 | $37.4M | $39.0M | ||
| Q1 24 | $-25.1M | $39.7M |
自由现金流率MATVMSA
| Q4 25 | 1.7% | 20.8% | ||
| Q3 25 | 13.0% | 21.4% | ||
| Q2 25 | 9.3% | 8.0% | ||
| Q1 25 | -6.1% | 12.1% | ||
| Q4 24 | 0.4% | 18.7% | ||
| Q3 24 | 5.1% | 16.2% | ||
| Q2 24 | 7.1% | 8.4% | ||
| Q1 24 | -5.0% | 9.6% |
资本支出强度MATVMSA
| Q4 25 | 2.4% | 3.2% | ||
| Q3 25 | 1.2% | 2.6% | ||
| Q2 25 | 1.7% | 6.2% | ||
| Q1 25 | 2.9% | 2.6% | ||
| Q4 24 | 4.8% | 2.9% | ||
| Q3 24 | 2.4% | 3.3% | ||
| Q2 24 | 1.7% | 3.1% | ||
| Q1 24 | 2.4% | 2.7% |
现金转化率MATVMSA
| Q4 25 | 0.19× | 1.41× | ||
| Q3 25 | — | 1.62× | ||
| Q2 25 | — | 1.07× | ||
| Q1 25 | — | 1.04× | ||
| Q4 24 | 16.07× | 1.23× | ||
| Q3 24 | — | 1.27× | ||
| Q2 24 | — | 0.74× | ||
| Q1 24 | — | 0.88× |
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% |
MSA
| Americas Segment | $335.2M | 66% |
| International Segment | $175.7M | 34% |
