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Mativ Holdings, Inc.（MATV）与NORTHERN OIL & GAS, INC.（NOG）财务数据对比。点击上方公司名可切换其他公司
NORTHERN OIL & GAS, INC.的季度营收约是Mativ Holdings, Inc.的1.3倍（$610.2M vs $463.1M），Mativ Holdings, Inc.净利率更高（21.8% vs -11.6%，领先33.4%），Mativ Holdings, Inc.同比增速更快（1.0% vs -72.6%），NORTHERN OIL & GAS, INC.自由现金流更多（$43.2M vs $8.0M），过去两年NORTHERN OIL & GAS, INC.的营收复合增速更高（4.3% 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。
Marathon Oil Corporation是一家美国油气勘探开发企业，核心业务涵盖油气资源的勘探、开采与运营，2024年11月被康菲石油收购，相关业务与资产已并入康菲石油体系。
MATV vs NOG — 直观对比
营收规模更大
NOG
是对方的1.3倍
$463.1M
营收增速更快
MATV
高出73.6%
-72.6%
净利率更高
MATV
高出33.4%
-11.6%
自由现金流更多
NOG
多$35.2M
$8.0M
两年增速更快
NOG
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $463.1M | $610.2M |
| 净利润 | $100.8M | $-70.7M |
| 毛利率 | 18.8% | — |
| 营业利润率 | 2.2% | — |
| 净利率 | 21.8% | -11.6% |
| 营收同比 | 1.0% | -72.6% |
| 净利润同比 | 6620.0% | -198.7% |
| 每股收益（稀释后） | $1.87 | $-0.73 |
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MATVNOG
| Q1 26 | — | $610.2M | ||
| Q4 25 | $463.1M | $610.2M | ||
| Q3 25 | $513.7M | $556.6M | ||
| Q2 25 | $525.4M | $706.8M | ||
| Q1 25 | $484.8M | $602.1M | ||
| Q4 24 | $458.6M | $515.0M | ||
| Q3 24 | $498.5M | $753.6M | ||
| Q2 24 | $523.8M | $560.8M |
净利润MATVNOG
| Q1 26 | — | $-70.7M | ||
| Q4 25 | $100.8M | $-70.7M | ||
| Q3 25 | $-3.2M | $-129.1M | ||
| Q2 25 | $-9.5M | $99.6M | ||
| Q1 25 | $-425.5M | $139.0M | ||
| Q4 24 | $1.5M | $71.7M | ||
| Q3 24 | $-20.8M | $298.4M | ||
| Q2 24 | $-1.4M | $138.6M |
毛利率MATVNOG
| Q1 26 | — | — | ||
| Q4 25 | 18.8% | 80.4% | ||
| Q3 25 | 19.3% | 78.7% | ||
| Q2 25 | 19.7% | 82.8% | ||
| Q1 25 | 15.0% | 81.1% | ||
| Q4 24 | 16.9% | 77.4% | ||
| Q3 24 | 18.8% | 85.8% | ||
| Q2 24 | 20.8% | 82.0% |
营业利润率MATVNOG
| Q1 26 | — | — | ||
| Q4 25 | 2.2% | -5.5% | ||
| Q3 25 | 3.1% | -22.6% | ||
| Q2 25 | 3.8% | 24.9% | ||
| Q1 25 | -88.8% | 38.1% | ||
| Q4 24 | 0.6% | 25.8% | ||
| Q3 24 | 1.4% | 57.6% | ||
| Q2 24 | 2.0% | 39.0% |
净利率MATVNOG
| Q1 26 | — | -11.6% | ||
| Q4 25 | 21.8% | -11.6% | ||
| Q3 25 | -0.6% | -23.2% | ||
| Q2 25 | -1.8% | 14.1% | ||
| Q1 25 | -87.8% | 23.1% | ||
| Q4 24 | 0.3% | 13.9% | ||
| Q3 24 | -4.2% | 39.6% | ||
| Q2 24 | -0.3% | 24.7% |
每股收益（稀释后）MATVNOG
| Q1 26 | — | $-0.73 | ||
| Q4 25 | $1.87 | $-0.67 | ||
| Q3 25 | $-0.06 | $-1.33 | ||
| Q2 25 | $-0.18 | $1.00 | ||
| Q1 25 | $-7.82 | $1.39 | ||
| Q4 24 | $0.03 | $0.71 | ||
| Q3 24 | $-0.38 | $2.96 | ||
| Q2 24 | $-0.03 | $1.36 |
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 | $14.3M |
| 总债务越低越好 | $1.0B | — |
| 股东权益账面价值 | $498.7M | $2.1B |
| 总资产 | $2.1B | $5.4B |
| 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MATVNOG
| Q1 26 | — | $14.3M | ||
| Q4 25 | $84.2M | $14.3M | ||
| Q3 25 | $97.1M | $31.6M | ||
| Q2 25 | $95.6M | $25.9M | ||
| Q1 25 | $84.0M | $33.6M | ||
| Q4 24 | $94.3M | $8.9M | ||
| Q3 24 | $162.2M | $34.4M | ||
| Q2 24 | $133.4M | $7.8M |
总债务MATVNOG
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $2.4B | ||
| Q3 25 | $1.0B | $2.3B | ||
| Q2 25 | $1.1B | $2.4B | ||
| Q1 25 | $1.1B | $2.3B | ||
| Q4 24 | $1.1B | $2.4B | ||
| Q3 24 | $1.2B | $2.0B | ||
| Q2 24 | $1.2B | $1.9B |
股东权益MATVNOG
| Q1 26 | — | $2.1B | ||
| Q4 25 | $498.7M | $2.1B | ||
| Q3 25 | $397.4M | $2.2B | ||
| Q2 25 | $416.6M | $2.4B | ||
| Q1 25 | $428.2M | $2.4B | ||
| Q4 24 | $858.5M | $2.3B | ||
| Q3 24 | $882.3M | $2.3B | ||
| Q2 24 | $898.0M | $2.1B |
总资产MATVNOG
| Q1 26 | — | $5.4B | ||
| Q4 25 | $2.1B | $5.4B | ||
| Q3 25 | $2.0B | $5.5B | ||
| Q2 25 | $2.1B | $5.7B | ||
| Q1 25 | $2.1B | $5.7B | ||
| Q4 24 | $2.4B | $5.6B | ||
| Q3 24 | $2.6B | $5.1B | ||
| Q2 24 | $2.6B | $4.7B |
负债/权益比MATVNOG
| Q1 26 | — | — | ||
| Q4 25 | 2.07× | 1.13× | ||
| Q3 25 | 2.63× | 1.05× | ||
| Q2 25 | 2.66× | 0.98× | ||
| Q1 25 | 2.67× | 0.96× | ||
| Q4 24 | 1.30× | 1.02× | ||
| Q3 24 | 1.32× | 0.84× | ||
| Q2 24 | 1.29× | 0.91× |
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 | $312.6M |
| 自由现金流经营现金流 - 资本支出 | $8.0M | $43.2M |
| 自由现金流率自由现金流/营收 | 1.7% | 7.1% |
| 资本支出强度资本支出/营收 | 2.4% | 31.5% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流MATVNOG
| Q1 26 | — | $312.6M | ||
| Q4 25 | $19.3M | $312.6M | ||
| Q3 25 | $72.8M | $423.1M | ||
| Q2 25 | $57.6M | $362.1M | ||
| Q1 25 | $-15.9M | $407.4M | ||
| Q4 24 | $24.1M | $290.3M | ||
| Q3 24 | $37.6M | $385.8M | ||
| Q2 24 | $46.1M | $340.5M |
自由现金流MATVNOG
| Q1 26 | — | $43.2M | ||
| Q4 25 | $8.0M | — | ||
| Q3 25 | $66.7M | — | ||
| Q2 25 | $48.9M | — | ||
| Q1 25 | $-29.8M | — | ||
| Q4 24 | $2.0M | — | ||
| Q3 24 | $25.5M | — | ||
| Q2 24 | $37.4M | — |
自由现金流率MATVNOG
| Q1 26 | — | 7.1% | ||
| Q4 25 | 1.7% | — | ||
| Q3 25 | 13.0% | — | ||
| Q2 25 | 9.3% | — | ||
| Q1 25 | -6.1% | — | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 5.1% | — | ||
| Q2 24 | 7.1% | — |
资本支出强度MATVNOG
| Q1 26 | — | 31.5% | ||
| Q4 25 | 2.4% | — | ||
| Q3 25 | 1.2% | — | ||
| Q2 25 | 1.7% | — | ||
| Q1 25 | 2.9% | — | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | 1.7% | — |
现金转化率MATVNOG
| Q1 26 | — | — | ||
| Q4 25 | 0.19× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 3.64× | ||
| Q1 25 | — | 2.93× | ||
| Q4 24 | 16.07× | 4.05× | ||
| Q3 24 | — | 1.29× | ||
| 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% |
NOG
| Oil and Gas Sales | $447.7M | 73% |
| Gain on Commodity Derivatives, Net | $159.3M | 26% |
| Other Revenue | $3.1M | 1% |
