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Mativ Holdings, Inc.（MATV）与NATIONAL HEALTHCARE CORP（NHC）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 HEALTHCARE CORP的1.2倍（$463.1M vs $386.5M），Mativ Holdings, Inc.净利率更高（21.8% vs 6.4%，领先15.3%），NATIONAL HEALTHCARE CORP同比增速更快（4.6% vs 1.0%），Mativ Holdings, Inc.自由现金流更多（$8.0M vs $6.4M），过去两年NATIONAL HEALTHCARE CORP的营收复合增速更高（14.0% 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。
HCA Healthcare是1968年成立的美国营利性医疗服务运营商，总部位于田纳西州纳什维尔。截至2020年5月，该公司在全美20个州及英国持有并运营186家医院，还有约2400个医疗服务网点，涵盖手术中心、独立急诊室、紧急护理中心及医师诊所，2024年位列美国财富500强第61位。
MATV vs NHC — 直观对比
营收规模更大
MATV
是对方的1.2倍
$386.5M
营收增速更快
NHC
高出3.7%
1.0%
净利率更高
MATV
高出15.3%
6.4%
自由现金流更多
MATV
多$1.6M
$6.4M
两年增速更快
NHC
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $463.1M | $386.5M |
| 净利润 | $100.8M | $24.8M |
| 毛利率 | 18.8% | — |
| 营业利润率 | 2.2% | 8.6% |
| 净利率 | 21.8% | 6.4% |
| 营收同比 | 1.0% | 4.6% |
| 净利润同比 | 6620.0% | 308.6% |
| 每股收益（稀释后） | $1.87 | $1.58 |
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MATVNHC
| Q4 25 | $463.1M | $386.5M | ||
| Q3 25 | $513.7M | $382.7M | ||
| Q2 25 | $525.4M | $374.9M | ||
| Q1 25 | $484.8M | $373.7M | ||
| Q4 24 | $458.6M | $369.4M | ||
| Q3 24 | $498.5M | $340.2M | ||
| Q2 24 | $523.8M | $300.7M | ||
| Q1 24 | $500.2M | $297.2M |
净利润MATVNHC
| Q4 25 | $100.8M | $24.8M | ||
| Q3 25 | $-3.2M | $39.2M | ||
| Q2 25 | $-9.5M | $23.7M | ||
| Q1 25 | $-425.5M | $32.2M | ||
| Q4 24 | $1.5M | $6.1M | ||
| Q3 24 | $-20.8M | $42.8M | ||
| Q2 24 | $-1.4M | $26.8M | ||
| Q1 24 | $-28.0M | $26.2M |
毛利率MATVNHC
| 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MATVNHC
| Q4 25 | 2.2% | 8.6% | ||
| Q3 25 | 3.1% | 7.9% | ||
| Q2 25 | 3.8% | 9.1% | ||
| Q1 25 | -88.8% | 8.2% | ||
| Q4 24 | 0.6% | 7.8% | ||
| Q3 24 | 1.4% | 6.7% | ||
| Q2 24 | 2.0% | 7.5% | ||
| Q1 24 | -2.8% | 5.3% |
净利率MATVNHC
| Q4 25 | 21.8% | 6.4% | ||
| Q3 25 | -0.6% | 10.3% | ||
| Q2 25 | -1.8% | 6.3% | ||
| Q1 25 | -87.8% | 8.6% | ||
| Q4 24 | 0.3% | 1.6% | ||
| Q3 24 | -4.2% | 12.6% | ||
| Q2 24 | -0.3% | 8.9% | ||
| Q1 24 | -5.6% | 8.8% |
每股收益（稀释后）MATVNHC
| Q4 25 | $1.87 | $1.58 | ||
| Q3 25 | $-0.06 | $2.50 | ||
| Q2 25 | $-0.18 | $1.52 | ||
| Q1 25 | $-7.82 | $2.07 | ||
| Q4 24 | $0.03 | $0.38 | ||
| Q3 24 | $-0.38 | $2.73 | ||
| Q2 24 | $-0.03 | $1.73 | ||
| Q1 24 | $-0.52 | $1.69 |
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 | $92.8M |
| 总债务越低越好 | $1.0B | $40.0M |
| 股东权益账面价值 | $498.7M | $1.1B |
| 总资产 | $2.1B | $1.5B |
| 负债/权益比越低杠杆越低 | 2.07× | 0.04× |
8季度趋势，按日历期对齐
现金及短期投资MATVNHC
| Q4 25 | $84.2M | $92.8M | ||
| Q3 25 | $97.1M | $130.6M | ||
| Q2 25 | $95.6M | $111.0M | ||
| Q1 25 | $84.0M | $90.4M | ||
| Q4 24 | $94.3M | $76.1M | ||
| Q3 24 | $162.2M | $84.8M | ||
| Q2 24 | $133.4M | $136.2M | ||
| Q1 24 | $128.9M | $94.0M |
总债务MATVNHC
| Q4 25 | $1.0B | $40.0M | ||
| Q3 25 | $1.0B | $73.1M | ||
| Q2 25 | $1.1B | $110.0M | ||
| Q1 25 | $1.1B | $134.0M | ||
| Q4 24 | $1.1B | $137.0M | ||
| Q3 24 | $1.2B | $147.0M | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
股东权益MATVNHC
| Q4 25 | $498.7M | $1.1B | ||
| Q3 25 | $397.4M | $1.1B | ||
| Q2 25 | $416.6M | $1.0B | ||
| Q1 25 | $428.2M | $1.0B | ||
| Q4 24 | $858.5M | $980.2M | ||
| Q3 24 | $882.3M | $983.5M | ||
| Q2 24 | $898.0M | $945.8M | ||
| Q1 24 | $906.9M | $924.7M |
总资产MATVNHC
| Q4 25 | $2.1B | $1.5B | ||
| Q3 25 | $2.0B | $1.6B | ||
| Q2 25 | $2.1B | $1.6B | ||
| Q1 25 | $2.1B | $1.5B | ||
| Q4 24 | $2.4B | $1.5B | ||
| Q3 24 | $2.6B | $1.6B | ||
| Q2 24 | $2.6B | $1.3B | ||
| Q1 24 | $2.7B | $1.3B |
负债/权益比MATVNHC
| Q4 25 | 2.07× | 0.04× | ||
| Q3 25 | 2.63× | 0.07× | ||
| Q2 25 | 2.66× | 0.11× | ||
| Q1 25 | 2.67× | 0.13× | ||
| Q4 24 | 1.30× | 0.14× | ||
| Q3 24 | 1.32× | 0.15× | ||
| 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 | $16.8M |
| 自由现金流经营现金流 - 资本支出 | $8.0M | $6.4M |
| 自由现金流率自由现金流/营收 | 1.7% | 1.7% |
| 资本支出强度资本支出/营收 | 2.4% | 2.7% |
| 现金转化率经营现金流/净利润 | 0.19× | 0.68× |
| 过去12个月自由现金流最近4个季度 | $93.8M | $148.6M |
8季度趋势，按日历期对齐
经营现金流MATVNHC
| Q4 25 | $19.3M | $16.8M | ||
| Q3 25 | $72.8M | $66.2M | ||
| Q2 25 | $57.6M | $62.8M | ||
| Q1 25 | $-15.9M | $39.3M | ||
| Q4 24 | $24.1M | $12.8M | ||
| Q3 24 | $37.6M | $34.2M | ||
| Q2 24 | $46.1M | $50.7M | ||
| Q1 24 | $-13.0M | $9.6M |
自由现金流MATVNHC
| Q4 25 | $8.0M | $6.4M | ||
| Q3 25 | $66.7M | $56.5M | ||
| Q2 25 | $48.9M | $52.6M | ||
| Q1 25 | $-29.8M | $33.1M | ||
| Q4 24 | $2.0M | $4.6M | ||
| Q3 24 | $25.5M | $28.6M | ||
| Q2 24 | $37.4M | $42.8M | ||
| Q1 24 | $-25.1M | $3.7M |
自由现金流率MATVNHC
| Q4 25 | 1.7% | 1.7% | ||
| Q3 25 | 13.0% | 14.8% | ||
| Q2 25 | 9.3% | 14.0% | ||
| Q1 25 | -6.1% | 8.9% | ||
| Q4 24 | 0.4% | 1.3% | ||
| Q3 24 | 5.1% | 8.4% | ||
| Q2 24 | 7.1% | 14.2% | ||
| Q1 24 | -5.0% | 1.2% |
资本支出强度MATVNHC
| Q4 25 | 2.4% | 2.7% | ||
| Q3 25 | 1.2% | 2.5% | ||
| Q2 25 | 1.7% | 2.7% | ||
| Q1 25 | 2.9% | 1.6% | ||
| Q4 24 | 4.8% | 2.2% | ||
| Q3 24 | 2.4% | 1.7% | ||
| Q2 24 | 1.7% | 2.6% | ||
| Q1 24 | 2.4% | 2.0% |
现金转化率MATVNHC
| Q4 25 | 0.19× | 0.68× | ||
| Q3 25 | — | 1.69× | ||
| Q2 25 | — | 2.65× | ||
| Q1 25 | — | 1.22× | ||
| Q4 24 | 16.07× | 2.10× | ||
| Q3 24 | — | 0.80× | ||
| Q2 24 | — | 1.89× | ||
| Q1 24 | — | 0.37× |
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% |
NHC
| Inpatient Services Segment | $333.7M | 86% |
| Homecare Services Segment | $40.0M | 10% |
| Other | $11.2M | 3% |
| National | $1.6M | 0% |
