vs
Mativ Holdings, Inc.（MATV）与UiPath, Inc.（PATH）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UiPath, Inc.的1.1倍（$463.1M vs $411.1M），UiPath, Inc.净利率更高（48.4% vs 21.8%，领先26.6%），UiPath, Inc.同比增速更快（15.9% vs 1.0%），UiPath, Inc.自由现金流更多（$25.1M vs $8.0M），过去两年UiPath, Inc.的营收复合增速更高（0.7% 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。
UiPath是一家全球化软件企业，专注于开发人工智能、智能自动化及流程编排类软件，其产品支持用户搭建与调度AI代理，实现复杂业务流程、工作流的自动化运行，助力各行业客户提升运营效率、降低人力成本。
MATV vs PATH — 直观对比
营收规模更大
MATV
是对方的1.1倍
$411.1M
营收增速更快
PATH
高出14.9%
1.0%
净利率更高
PATH
高出26.6%
21.8%
自由现金流更多
PATH
多$17.1M
$8.0M
两年增速更快
PATH
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $463.1M | $411.1M |
| 净利润 | $100.8M | $198.8M |
| 毛利率 | 18.8% | 83.3% |
| 营业利润率 | 2.2% | 3.2% |
| 净利率 | 21.8% | 48.4% |
| 营收同比 | 1.0% | 15.9% |
| 净利润同比 | 6620.0% | 1966.2% |
| 每股收益（稀释后） | $1.87 | $0.37 |
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MATVPATH
| Q4 25 | $463.1M | $411.1M | ||
| Q3 25 | $513.7M | $361.7M | ||
| Q2 25 | $525.4M | $356.6M | ||
| Q1 25 | $484.8M | $423.6M | ||
| Q4 24 | $458.6M | $354.7M | ||
| Q3 24 | $498.5M | $316.3M | ||
| Q2 24 | $523.8M | $335.1M | ||
| Q1 24 | $500.2M | $405.3M |
净利润MATVPATH
| Q4 25 | $100.8M | $198.8M | ||
| Q3 25 | $-3.2M | $1.6M | ||
| Q2 25 | $-9.5M | $-22.6M | ||
| Q1 25 | $-425.5M | $51.8M | ||
| Q4 24 | $1.5M | $-10.7M | ||
| Q3 24 | $-20.8M | $-86.1M | ||
| Q2 24 | $-1.4M | $-28.7M | ||
| Q1 24 | $-28.0M | $33.9M |
毛利率MATVPATH
| Q4 25 | 18.8% | 83.3% | ||
| Q3 25 | 19.3% | 82.2% | ||
| Q2 25 | 19.7% | 82.1% | ||
| Q1 25 | 15.0% | 84.8% | ||
| Q4 24 | 16.9% | 82.0% | ||
| Q3 24 | 18.8% | 80.0% | ||
| Q2 24 | 20.8% | 83.5% | ||
| Q1 24 | 16.8% | 86.8% |
营业利润率MATVPATH
| Q4 25 | 2.2% | 3.2% | ||
| Q3 25 | 3.1% | -5.6% | ||
| Q2 25 | 3.8% | -4.6% | ||
| Q1 25 | -88.8% | 7.9% | ||
| Q4 24 | 0.6% | -12.2% | ||
| Q3 24 | 1.4% | -32.7% | ||
| Q2 24 | 2.0% | -14.8% | ||
| Q1 24 | -2.8% | 3.7% |
净利率MATVPATH
| Q4 25 | 21.8% | 48.4% | ||
| Q3 25 | -0.6% | 0.4% | ||
| Q2 25 | -1.8% | -6.3% | ||
| Q1 25 | -87.8% | 12.2% | ||
| Q4 24 | 0.3% | -3.0% | ||
| Q3 24 | -4.2% | -27.2% | ||
| Q2 24 | -0.3% | -8.6% | ||
| Q1 24 | -5.6% | 8.4% |
每股收益（稀释后）MATVPATH
| Q4 25 | $1.87 | $0.37 | ||
| Q3 25 | $-0.06 | $0.00 | ||
| Q2 25 | $-0.18 | $-0.04 | ||
| Q1 25 | $-7.82 | $0.09 | ||
| Q4 24 | $0.03 | $-0.02 | ||
| Q3 24 | $-0.38 | $-0.15 | ||
| Q2 24 | $-0.03 | $-0.05 | ||
| Q1 24 | $-0.52 | $0.07 |
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 | $1.4B |
| 总债务越低越好 | $1.0B | — |
| 股东权益账面价值 | $498.7M | $1.9B |
| 总资产 | $2.1B | $2.9B |
| 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MATVPATH
| Q4 25 | $84.2M | $1.4B | ||
| Q3 25 | $97.1M | $1.4B | ||
| Q2 25 | $95.6M | $1.6B | ||
| Q1 25 | $84.0M | $1.6B | ||
| Q4 24 | $94.3M | $1.6B | ||
| Q3 24 | $162.2M | $1.7B | ||
| Q2 24 | $133.4M | $1.9B | ||
| Q1 24 | $128.9M | $1.9B |
总债务MATVPATH
| 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MATVPATH
| Q4 25 | $498.7M | $1.9B | ||
| Q3 25 | $397.4M | $1.7B | ||
| Q2 25 | $416.6M | $1.7B | ||
| Q1 25 | $428.2M | $1.8B | ||
| Q4 24 | $858.5M | $1.7B | ||
| Q3 24 | $882.3M | $1.8B | ||
| Q2 24 | $898.0M | $2.0B | ||
| Q1 24 | $906.9M | $2.0B |
总资产MATVPATH
| Q4 25 | $2.1B | $2.9B | ||
| Q3 25 | $2.0B | $2.6B | ||
| Q2 25 | $2.1B | $2.6B | ||
| Q1 25 | $2.1B | $2.9B | ||
| Q4 24 | $2.4B | $2.7B | ||
| Q3 24 | $2.6B | $2.7B | ||
| Q2 24 | $2.6B | $2.8B | ||
| Q1 24 | $2.7B | $3.0B |
负债/权益比MATVPATH
| 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 | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $8.0M | $25.1M |
| 自由现金流率自由现金流/营收 | 1.7% | 6.1% |
| 资本支出强度资本支出/营收 | 2.4% | 0.8% |
| 现金转化率经营现金流/净利润 | 0.19× | 0.14× |
| 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MATVPATH
| Q4 25 | $19.3M | $28.3M | ||
| Q3 25 | $72.8M | $41.6M | ||
| Q2 25 | $57.6M | $119.0M | ||
| Q1 25 | $-15.9M | $146.1M | ||
| Q4 24 | $24.1M | $28.1M | ||
| Q3 24 | $37.6M | $46.4M | ||
| Q2 24 | $46.1M | $100.0M | ||
| Q1 24 | $-13.0M | $145.6M |
自由现金流MATVPATH
| Q4 25 | $8.0M | $25.1M | ||
| Q3 25 | $66.7M | — | ||
| Q2 25 | $48.9M | $106.2M | ||
| Q1 25 | $-29.8M | $138.7M | ||
| Q4 24 | $2.0M | $23.2M | ||
| Q3 24 | $25.5M | $45.0M | ||
| Q2 24 | $37.4M | $98.8M | ||
| Q1 24 | $-25.1M | $141.8M |
自由现金流率MATVPATH
| Q4 25 | 1.7% | 6.1% | ||
| Q3 25 | 13.0% | — | ||
| Q2 25 | 9.3% | 29.8% | ||
| Q1 25 | -6.1% | 32.7% | ||
| Q4 24 | 0.4% | 6.5% | ||
| Q3 24 | 5.1% | 14.2% | ||
| Q2 24 | 7.1% | 29.5% | ||
| Q1 24 | -5.0% | 35.0% |
资本支出强度MATVPATH
| Q4 25 | 2.4% | 0.8% | ||
| Q3 25 | 1.2% | 0.0% | ||
| Q2 25 | 1.7% | 3.6% | ||
| Q1 25 | 2.9% | 1.7% | ||
| Q4 24 | 4.8% | 1.4% | ||
| Q3 24 | 2.4% | 0.4% | ||
| Q2 24 | 1.7% | 0.4% | ||
| Q1 24 | 2.4% | 0.9% |
现金转化率MATVPATH
| Q4 25 | 0.19× | 0.14× | ||
| Q3 25 | — | 26.25× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 2.82× | ||
| Q4 24 | 16.07× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 4.29× |
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% |
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
