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Mativ Holdings, Inc.（MATV）与NATIONAL FUEL GAS CO（NFG）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NATIONAL FUEL GAS CO的1.1倍（$463.1M vs $425.9M），NATIONAL FUEL GAS CO净利率更高（35.7% vs 21.8%，领先13.9%），NATIONAL FUEL GAS CO同比增速更快（1.7% vs 1.0%），过去两年NATIONAL FUEL GAS CO的营收复合增速更高（12.1% 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。
该多元化能源企业成立于1902年，总部位于美国纽约州威廉斯维尔，总资产达62亿美元，下设勘探与生产、管道与存储、燃气集输、公用事业、能源营销五大运营板块，业务覆盖能源产业链上下游多个核心环节。
MATV vs NFG — 直观对比
营收规模更大
MATV
是对方的1.1倍
$425.9M
营收增速更快
NFG
高出0.7%
1.0%
净利率更高
NFG
高出13.9%
21.8%
两年增速更快
NFG
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $463.1M | $425.9M |
| 净利润 | $100.8M | $152.0M |
| 毛利率 | 18.8% | — |
| 营业利润率 | 2.2% | 81.5% |
| 净利率 | 21.8% | 35.7% |
| 营收同比 | 1.0% | 1.7% |
| 净利润同比 | 6620.0% | — |
| 每股收益（稀释后） | $1.87 | $1.59 |
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MATVNFG
| Q1 26 | — | $425.9M | ||
| Q4 25 | $463.1M | $637.9M | ||
| Q3 25 | $513.7M | $443.1M | ||
| Q2 25 | $525.4M | $527.4M | ||
| Q1 25 | $484.8M | $734.8M | ||
| Q4 24 | $458.6M | $513.8M | ||
| Q3 24 | $498.5M | $310.0M | ||
| Q2 24 | $523.8M | $338.6M |
净利润MATVNFG
| Q1 26 | — | $152.0M | ||
| Q4 25 | $100.8M | $181.6M | ||
| Q3 25 | $-3.2M | $107.3M | ||
| Q2 25 | $-9.5M | $149.8M | ||
| Q1 25 | $-425.5M | $216.4M | ||
| Q4 24 | $1.5M | $45.0M | ||
| Q3 24 | $-20.8M | $-167.6M | ||
| Q2 24 | $-1.4M | $-54.2M |
毛利率MATVNFG
| Q1 26 | — | — | ||
| Q4 25 | 18.8% | 86.6% | ||
| Q3 25 | 19.3% | — | ||
| Q2 25 | 19.7% | 94.7% | ||
| Q1 25 | 15.0% | 81.6% | ||
| Q4 24 | 16.9% | 87.3% | ||
| Q3 24 | 18.8% | — | ||
| Q2 24 | 20.8% | 98.5% |
营业利润率MATVNFG
| Q1 26 | — | 81.5% | ||
| Q4 25 | 2.2% | 43.3% | ||
| Q3 25 | 3.1% | 40.6% | ||
| Q2 25 | 3.8% | 43.7% | ||
| Q1 25 | -88.8% | 43.2% | ||
| Q4 24 | 0.6% | 16.8% | ||
| Q3 24 | 1.4% | -63.4% | ||
| Q2 24 | 2.0% | -15.2% |
净利率MATVNFG
| Q1 26 | — | 35.7% | ||
| Q4 25 | 21.8% | 28.5% | ||
| Q3 25 | -0.6% | 24.2% | ||
| Q2 25 | -1.8% | 28.4% | ||
| Q1 25 | -87.8% | 29.4% | ||
| Q4 24 | 0.3% | 8.8% | ||
| Q3 24 | -4.2% | -54.1% | ||
| Q2 24 | -0.3% | -16.0% |
每股收益（稀释后）MATVNFG
| Q1 26 | — | $1.59 | ||
| Q4 25 | $1.87 | $1.98 | ||
| Q3 25 | $-0.06 | $1.18 | ||
| Q2 25 | $-0.18 | $1.64 | ||
| Q1 25 | $-7.82 | $2.37 | ||
| Q4 24 | $0.03 | $0.49 | ||
| Q3 24 | $-0.38 | $-1.81 | ||
| Q2 24 | $-0.03 | $-0.59 |
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 | — |
| 总债务越低越好 | $1.0B | $300.0M |
| 股东权益账面价值 | $498.7M | — |
| 总资产 | $2.1B | $9.1B |
| 负债/权益比越低杠杆越低 | 2.07× | — |
8季度趋势，按日历期对齐
现金及短期投资MATVNFG
| Q1 26 | — | — | ||
| Q4 25 | $84.2M | $271.4M | ||
| Q3 25 | $97.1M | $43.2M | ||
| Q2 25 | $95.6M | $39.3M | ||
| Q1 25 | $84.0M | $40.0M | ||
| Q4 24 | $94.3M | $48.7M | ||
| Q3 24 | $162.2M | $38.2M | ||
| Q2 24 | $133.4M | $81.4M |
总债务MATVNFG
| Q1 26 | — | $300.0M | ||
| Q4 25 | $1.0B | $2.7B | ||
| Q3 25 | $1.0B | $2.7B | ||
| Q2 25 | $1.1B | $2.7B | ||
| Q1 25 | $1.1B | $2.7B | ||
| Q4 24 | $1.1B | $2.7B | ||
| Q3 24 | $1.2B | $2.7B | ||
| Q2 24 | $1.2B | $2.7B |
股东权益MATVNFG
| Q1 26 | — | — | ||
| Q4 25 | $498.7M | $3.6B | ||
| Q3 25 | $397.4M | $3.1B | ||
| Q2 25 | $416.6M | $3.0B | ||
| Q1 25 | $428.2M | $2.8B | ||
| Q4 24 | $858.5M | $-76.2M | ||
| Q3 24 | $882.3M | $-15.5M | ||
| Q2 24 | $898.0M | $5.0M |
总资产MATVNFG
| Q1 26 | — | $9.1B | ||
| Q4 25 | $2.1B | $9.2B | ||
| Q3 25 | $2.0B | $8.7B | ||
| Q2 25 | $2.1B | $8.4B | ||
| Q1 25 | $2.1B | $8.5B | ||
| Q4 24 | $2.4B | $8.3B | ||
| Q3 24 | $2.6B | $8.3B | ||
| Q2 24 | $2.6B | $8.5B |
负债/权益比MATVNFG
| Q1 26 | — | — | ||
| Q4 25 | 2.07× | 0.75× | ||
| Q3 25 | 2.63× | 0.87× | ||
| Q2 25 | 2.66× | 0.90× | ||
| Q1 25 | 2.67× | 0.99× | ||
| Q4 24 | 1.30× | — | ||
| Q3 24 | 1.32× | — | ||
| Q2 24 | 1.29× | 532.10× |
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 | $657.3M |
| 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% | 117.0% |
| 现金转化率经营现金流/净利润 | 0.19× | 4.32× |
| 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MATVNFG
| Q1 26 | — | $657.3M | ||
| Q4 25 | $19.3M | $274.9M | ||
| Q3 25 | $72.8M | $237.8M | ||
| Q2 25 | $57.6M | $388.4M | ||
| Q1 25 | $-15.9M | $253.8M | ||
| Q4 24 | $24.1M | $220.1M | ||
| Q3 24 | $37.6M | $197.9M | ||
| Q2 24 | $46.1M | $281.8M |
自由现金流MATVNFG
| Q1 26 | — | — | ||
| Q4 25 | $8.0M | $-2.7M | ||
| Q3 25 | $66.7M | $-47.8M | ||
| Q2 25 | $48.9M | $195.3M | ||
| Q1 25 | $-29.8M | $59.9M | ||
| Q4 24 | $2.0M | $-20.3M | ||
| Q3 24 | $25.5M | $-49.1M | ||
| Q2 24 | $37.4M | $79.5M |
自由现金流率MATVNFG
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | -0.4% | ||
| Q3 25 | 13.0% | -10.8% | ||
| Q2 25 | 9.3% | 37.0% | ||
| Q1 25 | -6.1% | 8.2% | ||
| Q4 24 | 0.4% | -4.0% | ||
| Q3 24 | 5.1% | -15.8% | ||
| Q2 24 | 7.1% | 23.5% |
资本支出强度MATVNFG
| Q1 26 | — | 117.0% | ||
| Q4 25 | 2.4% | 43.5% | ||
| Q3 25 | 1.2% | 64.4% | ||
| Q2 25 | 1.7% | 36.6% | ||
| Q1 25 | 2.9% | 26.4% | ||
| Q4 24 | 4.8% | 46.8% | ||
| Q3 24 | 2.4% | 79.7% | ||
| Q2 24 | 1.7% | 59.7% |
现金转化率MATVNFG
| Q1 26 | — | 4.32× | ||
| Q4 25 | 0.19× | 1.51× | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | — | 2.59× | ||
| Q1 25 | — | 1.17× | ||
| Q4 24 | 16.07× | 4.89× | ||
| Q3 24 | — | — | ||
| Q2 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% |
NFG
| Revenues from External Customers | $425.8M | 100% |
| Intersegment Revenues | $126.0K | 0% |
