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Mativ Holdings, Inc.（MATV）与MACOM Technology Solutions Holdings, Inc.（MTSI）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MACOM Technology Solutions Holdings, Inc.的1.7倍（$463.1M vs $271.6M），Mativ Holdings, Inc.净利率更高（21.8% vs 18.0%，领先3.8%），MACOM Technology Solutions Holdings, Inc.同比增速更快（24.5% vs 1.0%），MACOM Technology Solutions Holdings, Inc.自由现金流更多（$30.0M vs $8.0M），过去两年MACOM Technology Solutions Holdings, Inc.的营收复合增速更高（22.4% 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。
MACOM是美国知名的射频、微波及毫米波半导体器件与组件研发生产商，总部位于马萨诸塞州洛厄尔，2005年曾是当地规模最大的私营雇主。公司已通过ISO9001国际质量体系认证及ISO14001环境管理体系认证，在北美、欧洲、亚洲及澳大利亚均设有设计中心与销售办事处。
MATV vs MTSI — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $463.1M | $271.6M |
| 净利润 | $100.8M | $48.8M |
| 毛利率 | 18.8% | 55.9% |
| 营业利润率 | 2.2% | 15.9% |
| 净利率 | 21.8% | 18.0% |
| 营收同比 | 1.0% | 24.5% |
| 净利润同比 | 6620.0% | 129.1% |
| 每股收益（稀释后） | $1.87 | $0.64 |
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
| Q1 26 | — | $271.6M | ||
| Q4 25 | $463.1M | $261.2M | ||
| Q3 25 | $513.7M | $252.1M | ||
| Q2 25 | $525.4M | $235.9M | ||
| Q1 25 | $484.8M | $218.1M | ||
| Q4 24 | $458.6M | — | ||
| Q3 24 | $498.5M | $200.7M | ||
| Q2 24 | $523.8M | $190.5M |
| Q1 26 | — | $48.8M | ||
| Q4 25 | $100.8M | $45.1M | ||
| Q3 25 | $-3.2M | $36.5M | ||
| Q2 25 | $-9.5M | $31.7M | ||
| Q1 25 | $-425.5M | $-167.5M | ||
| Q4 24 | $1.5M | — | ||
| Q3 24 | $-20.8M | $29.4M | ||
| Q2 24 | $-1.4M | $19.9M |
| Q1 26 | — | 55.9% | ||
| Q4 25 | 18.8% | 54.5% | ||
| Q3 25 | 19.3% | 55.3% | ||
| Q2 25 | 19.7% | 55.2% | ||
| Q1 25 | 15.0% | 53.7% | ||
| Q4 24 | 16.9% | — | ||
| Q3 24 | 18.8% | 54.7% | ||
| Q2 24 | 20.8% | 53.2% |
| Q1 26 | — | 15.9% | ||
| Q4 25 | 2.2% | 15.2% | ||
| Q3 25 | 3.1% | 14.9% | ||
| Q2 25 | 3.8% | 14.8% | ||
| Q1 25 | -88.8% | 8.0% | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | 1.4% | 13.7% | ||
| Q2 24 | 2.0% | 10.4% |
| Q1 26 | — | 18.0% | ||
| Q4 25 | 21.8% | 17.3% | ||
| Q3 25 | -0.6% | 14.5% | ||
| Q2 25 | -1.8% | 13.4% | ||
| Q1 25 | -87.8% | -76.8% | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | -4.2% | 14.7% | ||
| Q2 24 | -0.3% | 10.5% |
| Q1 26 | — | $0.64 | ||
| Q4 25 | $1.87 | $0.67 | ||
| Q3 25 | $-0.06 | $0.48 | ||
| Q2 25 | $-0.18 | $0.42 | ||
| Q1 25 | $-7.82 | $-2.30 | ||
| Q4 24 | $0.03 | — | ||
| Q3 24 | $-0.38 | $0.40 | ||
| Q2 24 | $-0.03 | $0.27 |
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 | $768.5M |
| 总债务越低越好 | $1.0B | — |
| 股东权益账面价值 | $498.7M | $1.4B |
| 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
| Q1 26 | — | $768.5M | ||
| Q4 25 | $84.2M | $786.0M | ||
| Q3 25 | $97.1M | $735.2M | ||
| Q2 25 | $95.6M | $681.5M | ||
| Q1 25 | $84.0M | $656.5M | ||
| Q4 24 | $94.3M | — | ||
| Q3 24 | $162.2M | $581.9M | ||
| Q2 24 | $133.4M | $521.5M |
| Q1 26 | — | — | ||
| 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 26 | — | $1.4B | ||
| Q4 25 | $498.7M | $1.3B | ||
| Q3 25 | $397.4M | $1.3B | ||
| Q2 25 | $416.6M | $1.2B | ||
| Q1 25 | $428.2M | $1.2B | ||
| Q4 24 | $858.5M | — | ||
| Q3 24 | $882.3M | $1.1B | ||
| Q2 24 | $898.0M | $1.1B |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $2.1B | $2.1B | ||
| Q3 25 | $2.0B | $2.0B | ||
| Q2 25 | $2.1B | $1.9B | ||
| Q1 25 | $2.1B | $1.8B | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.6B | $1.8B | ||
| Q2 24 | $2.6B | $1.7B |
| Q1 26 | — | — | ||
| 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× | — |
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 | $42.9M |
| 自由现金流经营现金流 - 资本支出 | $8.0M | $30.0M |
| 自由现金流率自由现金流/营收 | 1.7% | 11.0% |
| 资本支出强度资本支出/营收 | 2.4% | 4.8% |
| 现金转化率经营现金流/净利润 | 0.19× | 0.88× |
| 过去12个月自由现金流最近4个季度 | $93.8M | $161.5M |
8季度趋势，按日历期对齐
| Q1 26 | — | $42.9M | ||
| Q4 25 | $19.3M | $69.6M | ||
| Q3 25 | $72.8M | $60.4M | ||
| Q2 25 | $57.6M | $38.7M | ||
| Q1 25 | $-15.9M | $66.7M | ||
| Q4 24 | $24.1M | — | ||
| Q3 24 | $37.6M | $62.3M | ||
| Q2 24 | $46.1M | $49.0M |
| Q1 26 | — | $30.0M | ||
| Q4 25 | $8.0M | $49.4M | ||
| Q3 25 | $66.7M | $51.6M | ||
| Q2 25 | $48.9M | $30.5M | ||
| Q1 25 | $-29.8M | $61.3M | ||
| Q4 24 | $2.0M | — | ||
| Q3 24 | $25.5M | $57.1M | ||
| Q2 24 | $37.4M | $41.5M |
| Q1 26 | — | 11.0% | ||
| Q4 25 | 1.7% | 18.9% | ||
| Q3 25 | 13.0% | 20.5% | ||
| Q2 25 | 9.3% | 12.9% | ||
| Q1 25 | -6.1% | 28.1% | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 5.1% | 28.5% | ||
| Q2 24 | 7.1% | 21.8% |
| Q1 26 | — | 4.8% | ||
| Q4 25 | 2.4% | 7.7% | ||
| Q3 25 | 1.2% | 3.5% | ||
| Q2 25 | 1.7% | 3.5% | ||
| Q1 25 | 2.9% | 2.4% | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | 2.4% | 2.6% | ||
| Q2 24 | 1.7% | 3.9% |
| Q1 26 | — | 0.88× | ||
| Q4 25 | 0.19× | 1.54× | ||
| Q3 25 | — | 1.65× | ||
| Q2 25 | — | 1.22× | ||
| Q1 25 | — | — | ||
| Q4 24 | 16.07× | — | ||
| Q3 24 | — | 2.12× | ||
| Q2 24 | — | 2.46× |
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% |
MTSI
| Industrial Defense | $117.7M | 43% |
| Data Center | $85.8M | 32% |
| Telecom | $68.1M | 25% |
