vs
Mativ Holdings, Inc.（MATV）与NGL Energy Partners LP（NGL）财务数据对比。点击上方公司名可切换其他公司
NGL Energy Partners LP的季度营收约是Mativ Holdings, Inc.的2.0倍（$909.8M vs $463.1M），Mativ Holdings, Inc.净利率更高（21.8% vs 5.2%，领先16.6%），Mativ Holdings, Inc.同比增速更快（1.0% vs -41.3%），NGL Energy Partners LP自由现金流更多（$45.7M vs $8.0M），过去两年Mativ Holdings, Inc.的营收复合增速更高（-3.8% vs -6.4%）
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。
NGL Energy Partners LP是一家总部位于美国的中游能源服务企业，主营原油、液化天然气、可再生燃料的运输、存储及物流服务，同时为上游能源生产商提供水资源管理解决方案，业务主要覆盖北美市场。
MATV vs NGL — 直观对比
营收规模更大
NGL
是对方的2.0倍
$463.1M
营收增速更快
MATV
高出42.2%
-41.3%
净利率更高
MATV
高出16.6%
5.2%
自由现金流更多
NGL
多$37.7M
$8.0M
两年增速更快
MATV
近两年复合增速
-6.4%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $463.1M | $909.8M |
| 净利润 | $100.8M | $47.2M |
| 毛利率 | 18.8% | 29.0% |
| 营业利润率 | 2.2% | 12.1% |
| 净利率 | 21.8% | 5.2% |
| 营收同比 | 1.0% | -41.3% |
| 净利润同比 | 6620.0% | 249.3% |
| 每股收益（稀释后） | $1.87 | — |
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MATVNGL
| Q4 25 | $463.1M | $909.8M | ||
| Q3 25 | $513.7M | $674.7M | ||
| Q2 25 | $525.4M | $622.2M | ||
| Q1 25 | $484.8M | $971.1M | ||
| Q4 24 | $458.6M | $982.4M | ||
| Q3 24 | $498.5M | $756.5M | ||
| Q2 24 | $523.8M | $759.2M | ||
| Q1 24 | $500.2M | $1.0B |
净利润MATVNGL
| Q4 25 | $100.8M | $47.2M | ||
| Q3 25 | $-3.2M | $29.3M | ||
| Q2 25 | $-9.5M | $68.9M | ||
| Q1 25 | $-425.5M | $13.7M | ||
| Q4 24 | $1.5M | $13.5M | ||
| Q3 24 | $-20.8M | $2.5M | ||
| Q2 24 | $-1.4M | $9.7M | ||
| Q1 24 | $-28.0M | $-236.8M |
毛利率MATVNGL
| Q4 25 | 18.8% | 29.0% | ||
| Q3 25 | 19.3% | 37.6% | ||
| Q2 25 | 19.7% | 38.5% | ||
| Q1 25 | 15.0% | 26.9% | ||
| Q4 24 | 16.9% | 25.1% | ||
| Q3 24 | 18.8% | 30.9% | ||
| Q2 24 | 20.8% | 29.0% | ||
| Q1 24 | 16.8% | 21.8% |
营业利润率MATVNGL
| Q4 25 | 2.2% | 12.1% | ||
| Q3 25 | 3.1% | 14.0% | ||
| Q2 25 | 3.8% | 15.7% | ||
| Q1 25 | -88.8% | 8.4% | ||
| Q4 24 | 0.6% | 8.6% | ||
| Q3 24 | 1.4% | 10.8% | ||
| Q2 24 | 2.0% | 10.8% | ||
| Q1 24 | -2.8% | -9.4% |
净利率MATVNGL
| Q4 25 | 21.8% | 5.2% | ||
| Q3 25 | -0.6% | 4.3% | ||
| Q2 25 | -1.8% | 11.1% | ||
| Q1 25 | -87.8% | 1.4% | ||
| Q4 24 | 0.3% | 1.4% | ||
| Q3 24 | -4.2% | 0.3% | ||
| Q2 24 | -0.3% | 1.3% | ||
| Q1 24 | -5.6% | -22.8% |
每股收益（稀释后）MATVNGL
| Q4 25 | $1.87 | — | ||
| Q3 25 | $-0.06 | — | ||
| Q2 25 | $-0.18 | — | ||
| Q1 25 | $-7.82 | — | ||
| Q4 24 | $0.03 | — | ||
| Q3 24 | $-0.38 | — | ||
| Q2 24 | $-0.03 | — | ||
| Q1 24 | $-0.52 | — |
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 | $6.5M |
| 总债务越低越好 | $1.0B | $2.9B |
| 股东权益账面价值 | $498.7M | — |
| 总资产 | $2.1B | $4.4B |
| 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MATVNGL
| Q4 25 | $84.2M | $6.5M | ||
| Q3 25 | $97.1M | $8.7M | ||
| Q2 25 | $95.6M | $5.4M | ||
| Q1 25 | $84.0M | $13.5M | ||
| Q4 24 | $94.3M | $5.7M | ||
| Q3 24 | $162.2M | $4.5M | ||
| Q2 24 | $133.4M | $5.3M | ||
| Q1 24 | $128.9M | $38.9M |
总债务MATVNGL
| Q4 25 | $1.0B | $2.9B | ||
| Q3 25 | $1.0B | $2.9B | ||
| Q2 25 | $1.1B | $2.9B | ||
| Q1 25 | $1.1B | $3.0B | ||
| Q4 24 | $1.1B | $3.1B | ||
| Q3 24 | $1.2B | $3.1B | ||
| Q2 24 | $1.2B | $3.0B | ||
| Q1 24 | $1.2B | $2.9B |
股东权益MATVNGL
| Q4 25 | $498.7M | — | ||
| Q3 25 | $397.4M | — | ||
| Q2 25 | $416.6M | — | ||
| Q1 25 | $428.2M | — | ||
| Q4 24 | $858.5M | — | ||
| Q3 24 | $882.3M | — | ||
| Q2 24 | $898.0M | — | ||
| Q1 24 | $906.9M | — |
总资产MATVNGL
| Q4 25 | $2.1B | $4.4B | ||
| Q3 25 | $2.0B | $4.3B | ||
| Q2 25 | $2.1B | $4.2B | ||
| Q1 25 | $2.1B | $4.6B | ||
| Q4 24 | $2.4B | $4.8B | ||
| Q3 24 | $2.6B | $4.9B | ||
| Q2 24 | $2.6B | $4.8B | ||
| Q1 24 | $2.7B | $5.0B |
负债/权益比MATVNGL
| 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 | $182.3M |
| 自由现金流经营现金流 - 资本支出 | $8.0M | $45.7M |
| 自由现金流率自由现金流/营收 | 1.7% | 5.0% |
| 资本支出强度资本支出/营收 | 2.4% | 15.0% |
| 现金转化率经营现金流/净利润 | 0.19× | 3.86× |
| 过去12个月自由现金流最近4个季度 | $93.8M | $126.7M |
8季度趋势，按日历期对齐
经营现金流MATVNGL
| Q4 25 | $19.3M | $182.3M | ||
| Q3 25 | $72.8M | $40.5M | ||
| Q2 25 | $57.6M | $33.2M | ||
| Q1 25 | $-15.9M | $155.0M | ||
| Q4 24 | $24.1M | $153.8M | ||
| Q3 24 | $37.6M | $6.7M | ||
| Q2 24 | $46.1M | $-18.1M | ||
| Q1 24 | $-13.0M | $152.2M |
自由现金流MATVNGL
| Q4 25 | $8.0M | $45.7M | ||
| Q3 25 | $66.7M | $9.5M | ||
| Q2 25 | $48.9M | $11.1M | ||
| Q1 25 | $-29.8M | $60.4M | ||
| Q4 24 | $2.0M | $152.1M | ||
| Q3 24 | $25.5M | $-82.9M | ||
| Q2 24 | $37.4M | $-78.0M | ||
| Q1 24 | $-25.1M | $119.8M |
自由现金流率MATVNGL
| Q4 25 | 1.7% | 5.0% | ||
| Q3 25 | 13.0% | 1.4% | ||
| Q2 25 | 9.3% | 1.8% | ||
| Q1 25 | -6.1% | 6.2% | ||
| Q4 24 | 0.4% | 15.5% | ||
| Q3 24 | 5.1% | -11.0% | ||
| Q2 24 | 7.1% | -10.3% | ||
| Q1 24 | -5.0% | 11.5% |
资本支出强度MATVNGL
| Q4 25 | 2.4% | 15.0% | ||
| Q3 25 | 1.2% | 4.6% | ||
| Q2 25 | 1.7% | 3.6% | ||
| Q1 25 | 2.9% | 9.7% | ||
| Q4 24 | 4.8% | 0.2% | ||
| Q3 24 | 2.4% | 11.8% | ||
| Q2 24 | 1.7% | 7.9% | ||
| Q1 24 | 2.4% | 3.1% |
现金转化率MATVNGL
| Q4 25 | 0.19× | 3.86× | ||
| Q3 25 | — | 1.38× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | — | 11.29× | ||
| Q4 24 | 16.07× | 11.39× | ||
| Q3 24 | — | 2.74× | ||
| Q2 24 | — | -1.87× | ||
| 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% |
NGL
| Water Solutions Segment | $208.6M | 23% |
| Services | $193.3M | 21% |
| Butane | $192.5M | 21% |
| Service Fees | $182.8M | 20% |
| Public Utilities Inventory Propane | $93.9M | 10% |
| Crude Oil | $23.3M | 3% |
| Crude Oil Transportation And Other | $6.5M | 1% |
| Liquids Logistics Segment | $2.5M | 0% |
| Crude Oil Logistics Segment | $1.2M | 0% |
