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Mativ Holdings, Inc.（MATV）与Madison Square Garden Entertainment Corp.（MSGE）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Madison Square Garden Entertainment Corp.的1.1倍（$463.1M vs $424.8M），Madison Square Garden Entertainment Corp.净利率更高（21.8% vs 21.8%，领先0.1%），Madison Square Garden Entertainment Corp.同比增速更快（12.5% vs 1.0%），过去两年Madison Square Garden Entertainment Corp.的营收复合增速更高（48.9% 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。
麦迪逊广场花园娱乐公司是总部位于美国纽约的体育控股企业，依托麦迪逊广场花园的核心资源，在体育赛事运营、体育IP管理及相关商业化领域拥有深厚行业积累与广泛影响力。
MATV vs MSGE — 直观对比
营收规模更大
MATV
是对方的1.1倍
$424.8M
营收增速更快
MSGE
高出11.5%
1.0%
净利率更高
MSGE
高出0.1%
21.8%
两年增速更快
MSGE
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $463.1M | $424.8M |
| 净利润 | $100.8M | $92.7M |
| 毛利率 | 18.8% | — |
| 营业利润率 | 2.2% | 38.6% |
| 净利率 | 21.8% | 21.8% |
| 营收同比 | 1.0% | 12.5% |
| 净利润同比 | 6620.0% | 22.2% |
| 每股收益（稀释后） | $1.87 | $1.94 |
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MATVMSGE
| Q4 25 | $463.1M | $424.8M | ||
| Q3 25 | $513.7M | $154.1M | ||
| Q2 25 | $525.4M | $145.1M | ||
| Q1 25 | $484.8M | $206.0M | ||
| Q4 24 | $458.6M | $377.6M | ||
| Q3 24 | $498.5M | $134.1M | ||
| Q2 24 | $523.8M | $177.6M | ||
| Q1 24 | $500.2M | $191.6M |
净利润MATVMSGE
| Q4 25 | $100.8M | $92.7M | ||
| Q3 25 | $-3.2M | $-21.7M | ||
| Q2 25 | $-9.5M | $-27.2M | ||
| Q1 25 | $-425.5M | $8.0M | ||
| Q4 24 | $1.5M | $75.9M | ||
| Q3 24 | $-20.8M | $-19.3M | ||
| Q2 24 | $-1.4M | $66.9M | ||
| Q1 24 | $-28.0M | $2.8M |
毛利率MATVMSGE
| Q4 25 | 18.8% | — | ||
| Q3 25 | 19.3% | — | ||
| Q2 25 | 19.7% | — | ||
| Q1 25 | 15.0% | — | ||
| Q4 24 | 16.9% | — | ||
| Q3 24 | 18.8% | — | ||
| Q2 24 | 20.8% | — | ||
| Q1 24 | 16.8% | — |
营业利润率MATVMSGE
| Q4 25 | 2.2% | 38.6% | ||
| Q3 25 | 3.1% | -19.3% | ||
| Q2 25 | 3.8% | -17.7% | ||
| Q1 25 | -88.8% | 13.3% | ||
| Q4 24 | 0.6% | 36.8% | ||
| Q3 24 | 1.4% | -13.8% | ||
| Q2 24 | 2.0% | -5.0% | ||
| Q1 24 | -2.8% | 8.8% |
净利率MATVMSGE
| Q4 25 | 21.8% | 21.8% | ||
| Q3 25 | -0.6% | -14.0% | ||
| Q2 25 | -1.8% | -18.7% | ||
| Q1 25 | -87.8% | 3.9% | ||
| Q4 24 | 0.3% | 20.1% | ||
| Q3 24 | -4.2% | -14.4% | ||
| Q2 24 | -0.3% | 37.7% | ||
| Q1 24 | -5.6% | 1.5% |
每股收益（稀释后）MATVMSGE
| Q4 25 | $1.87 | $1.94 | ||
| Q3 25 | $-0.06 | $-0.46 | ||
| Q2 25 | $-0.18 | $-0.56 | ||
| Q1 25 | $-7.82 | $0.17 | ||
| Q4 24 | $0.03 | $1.56 | ||
| Q3 24 | $-0.38 | $-0.40 | ||
| Q2 24 | $-0.03 | $1.32 | ||
| Q1 24 | $-0.52 | $0.06 |
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 | $157.1M |
| 总债务越低越好 | $1.0B | $554.6M |
| 股东权益账面价值 | $498.7M | $36.0M |
| 总资产 | $2.1B | $1.8B |
| 负债/权益比越低杠杆越低 | 2.07× | 15.40× |
8季度趋势，按日历期对齐
现金及短期投资MATVMSGE
| Q4 25 | $84.2M | $157.1M | ||
| Q3 25 | $97.1M | $29.9M | ||
| Q2 25 | $95.6M | $43.0M | ||
| Q1 25 | $84.0M | $89.0M | ||
| Q4 24 | $94.3M | $54.9M | ||
| Q3 24 | $162.2M | $37.3M | ||
| Q2 24 | $133.4M | $33.3M | ||
| Q1 24 | $128.9M | $28.0M |
总债务MATVMSGE
| Q4 25 | $1.0B | $554.6M | ||
| Q3 25 | $1.0B | $581.7M | ||
| Q2 25 | $1.1B | $568.8M | ||
| Q1 25 | $1.1B | $577.4M | ||
| Q4 24 | $1.1B | $584.7M | ||
| Q3 24 | $1.2B | $647.0M | ||
| Q2 24 | $1.2B | $599.2M | ||
| Q1 24 | $1.2B | $602.5M |
股东权益MATVMSGE
| Q4 25 | $498.7M | $36.0M | ||
| Q3 25 | $397.4M | $-65.8M | ||
| Q2 25 | $416.6M | $-13.3M | ||
| Q1 25 | $428.2M | $9.5M | ||
| Q4 24 | $858.5M | $10.3M | ||
| Q3 24 | $882.3M | $-48.7M | ||
| Q2 24 | $898.0M | $-23.2M | ||
| Q1 24 | $906.9M | $-94.6M |
总资产MATVMSGE
| Q4 25 | $2.1B | $1.8B | ||
| Q3 25 | $2.0B | $1.7B | ||
| Q2 25 | $2.1B | $1.7B | ||
| Q1 25 | $2.1B | $1.7B | ||
| Q4 24 | $2.4B | $1.6B | ||
| Q3 24 | $2.6B | $1.6B | ||
| Q2 24 | $2.6B | $1.6B | ||
| Q1 24 | $2.7B | $1.5B |
负债/权益比MATVMSGE
| Q4 25 | 2.07× | 15.40× | ||
| Q3 25 | 2.63× | — | ||
| Q2 25 | 2.66× | — | ||
| Q1 25 | 2.67× | 60.61× | ||
| Q4 24 | 1.30× | 56.61× | ||
| 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 | $19.3M | $164.4M |
| 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× | 1.77× |
| 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MATVMSGE
| Q4 25 | $19.3M | $164.4M | ||
| Q3 25 | $72.8M | $19.8M | ||
| Q2 25 | $57.6M | $-27.0M | ||
| Q1 25 | $-15.9M | $56.8M | ||
| Q4 24 | $24.1M | $112.9M | ||
| Q3 24 | $37.6M | $-27.4M | ||
| Q2 24 | $46.1M | $212.0K | ||
| Q1 24 | $-13.0M | $5.8M |
自由现金流MATVMSGE
| Q4 25 | $8.0M | — | ||
| Q3 25 | $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MATVMSGE
| Q4 25 | 1.7% | — | ||
| Q3 25 | 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MATVMSGE
| Q4 25 | 2.4% | — | ||
| Q3 25 | 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MATVMSGE
| Q4 25 | 0.19× | 1.77× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 7.07× | ||
| Q4 24 | 16.07× | 1.49× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 2.08× |
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% |
MSGE
| Ticketing And Venue License Fee Revenues | $263.5M | 62% |
| Food Beverage And Merchandise Revenues | $64.3M | 15% |
| Related Party | $43.9M | 10% |
| Arena Licensing Fees And Other Leasing Revenue | $35.2M | 8% |
| Other | $15.9M | 4% |
