vs
Mativ Holdings, Inc.（MATV）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
Cloudflare, Inc.的季度营收约是Mativ Holdings, Inc.的1.3倍（$614.5M vs $463.1M），Mativ Holdings, Inc.净利率更高（21.8% vs -2.0%，领先23.7%），Cloudflare, Inc.同比增速更快（33.6% vs 1.0%），Cloudflare, Inc.自由现金流更多（$105.2M vs $8.0M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% 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。
Cloudflare是总部位于美国加利福尼亚州旧金山的科技企业，提供内容分发网络（CDN）、云网络安全、DDoS防护等多元互联网服务，同时是ICANN认证的域名注册商。其服务作为网站访客与客户托管服务商之间的反向代理，可有效提升访问性能，抵御恶意流量。
MATV vs NET — 直观对比
营收规模更大
NET
是对方的1.3倍
$463.1M
营收增速更快
NET
高出32.6%
1.0%
净利率更高
MATV
高出23.7%
-2.0%
自由现金流更多
NET
多$97.2M
$8.0M
两年增速更快
NET
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $463.1M | $614.5M |
| 净利润 | $100.8M | $-12.1M |
| 毛利率 | 18.8% | 73.6% |
| 营业利润率 | 2.2% | -8.0% |
| 净利率 | 21.8% | -2.0% |
| 营收同比 | 1.0% | 33.6% |
| 净利润同比 | 6620.0% | 6.0% |
| 每股收益（稀释后） | $1.87 | $-0.03 |
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MATVNET
| Q4 25 | $463.1M | $614.5M | ||
| Q3 25 | $513.7M | $562.0M | ||
| Q2 25 | $525.4M | $512.3M | ||
| Q1 25 | $484.8M | $479.1M | ||
| Q4 24 | $458.6M | $459.9M | ||
| Q3 24 | $498.5M | $430.1M | ||
| Q2 24 | $523.8M | $401.0M | ||
| Q1 24 | $500.2M | $378.6M |
净利润MATVNET
| Q4 25 | $100.8M | $-12.1M | ||
| Q3 25 | $-3.2M | $-1.3M | ||
| Q2 25 | $-9.5M | $-50.4M | ||
| Q1 25 | $-425.5M | $-38.5M | ||
| Q4 24 | $1.5M | $-12.8M | ||
| Q3 24 | $-20.8M | $-15.3M | ||
| Q2 24 | $-1.4M | $-15.1M | ||
| Q1 24 | $-28.0M | $-35.5M |
毛利率MATVNET
| Q4 25 | 18.8% | 73.6% | ||
| Q3 25 | 19.3% | 74.0% | ||
| Q2 25 | 19.7% | 74.9% | ||
| Q1 25 | 15.0% | 75.9% | ||
| Q4 24 | 16.9% | 76.4% | ||
| Q3 24 | 18.8% | 77.7% | ||
| Q2 24 | 20.8% | 77.8% | ||
| Q1 24 | 16.8% | 77.5% |
营业利润率MATVNET
| Q4 25 | 2.2% | -8.0% | ||
| Q3 25 | 3.1% | -6.7% | ||
| Q2 25 | 3.8% | -13.1% | ||
| Q1 25 | -88.8% | -11.1% | ||
| Q4 24 | 0.6% | -7.5% | ||
| Q3 24 | 1.4% | -7.2% | ||
| Q2 24 | 2.0% | -8.7% | ||
| Q1 24 | -2.8% | -14.4% |
净利率MATVNET
| Q4 25 | 21.8% | -2.0% | ||
| Q3 25 | -0.6% | -0.2% | ||
| Q2 25 | -1.8% | -9.8% | ||
| Q1 25 | -87.8% | -8.0% | ||
| Q4 24 | 0.3% | -2.8% | ||
| Q3 24 | -4.2% | -3.6% | ||
| Q2 24 | -0.3% | -3.8% | ||
| Q1 24 | -5.6% | -9.4% |
每股收益（稀释后）MATVNET
| Q4 25 | $1.87 | $-0.03 | ||
| Q3 25 | $-0.06 | $0.00 | ||
| Q2 25 | $-0.18 | $-0.15 | ||
| Q1 25 | $-7.82 | $-0.11 | ||
| Q4 24 | $0.03 | $-0.05 | ||
| Q3 24 | $-0.38 | $-0.04 | ||
| Q2 24 | $-0.03 | $-0.04 | ||
| Q1 24 | $-0.52 | $-0.10 |
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 | $943.5M |
| 总债务越低越好 | $1.0B | — |
| 股东权益账面价值 | $498.7M | $1.5B |
| 总资产 | $2.1B | $6.0B |
| 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MATVNET
| Q4 25 | $84.2M | $943.5M | ||
| Q3 25 | $97.1M | $1.1B | ||
| Q2 25 | $95.6M | $1.5B | ||
| Q1 25 | $84.0M | $204.5M | ||
| Q4 24 | $94.3M | $147.7M | ||
| Q3 24 | $162.2M | $182.9M | ||
| Q2 24 | $133.4M | $157.0M | ||
| Q1 24 | $128.9M | $254.4M |
总债务MATVNET
| 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 24 | $1.2B | — |
股东权益MATVNET
| Q4 25 | $498.7M | $1.5B | ||
| Q3 25 | $397.4M | $1.3B | ||
| Q2 25 | $416.6M | $1.2B | ||
| Q1 25 | $428.2M | $1.4B | ||
| Q4 24 | $858.5M | $1.0B | ||
| Q3 24 | $882.3M | $973.1M | ||
| Q2 24 | $898.0M | $881.5M | ||
| Q1 24 | $906.9M | $797.2M |
总资产MATVNET
| Q4 25 | $2.1B | $6.0B | ||
| Q3 25 | $2.0B | $5.8B | ||
| Q2 25 | $2.1B | $5.6B | ||
| Q1 25 | $2.1B | $3.7B | ||
| Q4 24 | $2.4B | $3.3B | ||
| Q3 24 | $2.6B | $3.1B | ||
| Q2 24 | $2.6B | $2.9B | ||
| Q1 24 | $2.7B | $2.8B |
负债/权益比MATVNET
| 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× | — | ||
| 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 | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $8.0M | $105.2M |
| 自由现金流率自由现金流/营收 | 1.7% | 17.1% |
| 资本支出强度资本支出/营收 | 2.4% | 13.9% |
| 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 | $287.5M |
8季度趋势，按日历期对齐
经营现金流MATVNET
| Q4 25 | $19.3M | $190.4M | ||
| Q3 25 | $72.8M | $167.1M | ||
| Q2 25 | $57.6M | $99.8M | ||
| Q1 25 | $-15.9M | $145.8M | ||
| Q4 24 | $24.1M | $127.3M | ||
| Q3 24 | $37.6M | $104.7M | ||
| Q2 24 | $46.1M | $74.8M | ||
| Q1 24 | $-13.0M | $73.6M |
自由现金流MATVNET
| Q4 25 | $8.0M | $105.2M | ||
| Q3 25 | $66.7M | $82.5M | ||
| Q2 25 | $48.9M | $39.9M | ||
| Q1 25 | $-29.8M | $59.9M | ||
| Q4 24 | $2.0M | $54.2M | ||
| Q3 24 | $25.5M | $54.5M | ||
| Q2 24 | $37.4M | $45.2M | ||
| Q1 24 | $-25.1M | $41.5M |
自由现金流率MATVNET
| Q4 25 | 1.7% | 17.1% | ||
| Q3 25 | 13.0% | 14.7% | ||
| Q2 25 | 9.3% | 7.8% | ||
| Q1 25 | -6.1% | 12.5% | ||
| Q4 24 | 0.4% | 11.8% | ||
| Q3 24 | 5.1% | 12.7% | ||
| Q2 24 | 7.1% | 11.3% | ||
| Q1 24 | -5.0% | 11.0% |
资本支出强度MATVNET
| Q4 25 | 2.4% | 13.9% | ||
| Q3 25 | 1.2% | 15.1% | ||
| Q2 25 | 1.7% | 11.7% | ||
| Q1 25 | 2.9% | 17.9% | ||
| Q4 24 | 4.8% | 15.9% | ||
| Q3 24 | 2.4% | 11.7% | ||
| Q2 24 | 1.7% | 7.4% | ||
| Q1 24 | 2.4% | 8.5% |
现金转化率MATVNET
| Q4 25 | 0.19× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 16.07× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
