vs
Mativ Holdings, Inc.（MATV）与Penumbra Inc（PEN）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Penumbra Inc的1.2倍（$463.1M vs $385.4M），Mativ Holdings, Inc.净利率更高（21.8% vs 12.3%，领先9.5%），Penumbra Inc同比增速更快（22.1% vs 1.0%），Penumbra Inc自由现金流更多（$68.0M vs $8.0M），过去两年Penumbra Inc的营收复合增速更高（17.6% 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。
Penumbra Inc是2004年由Arani Bose与Adam Elsesser联合创立的美国医疗器械企业，总部位于加利福尼亚州阿拉米达，核心业务为研发、生产中风、动脉瘤等血管疾病介入治疗所用的专业医疗设备，产品已在全球多个国家的临床诊疗场景中投入使用。
MATV vs PEN — 直观对比
营收规模更大
MATV
是对方的1.2倍
$385.4M
营收增速更快
PEN
高出21.2%
1.0%
净利率更高
MATV
高出9.5%
12.3%
自由现金流更多
PEN
多$60.0M
$8.0M
两年增速更快
PEN
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $463.1M | $385.4M |
| 净利润 | $100.8M | $47.3M |
| 毛利率 | 18.8% | 68.0% |
| 营业利润率 | 2.2% | 15.4% |
| 净利率 | 21.8% | 12.3% |
| 营收同比 | 1.0% | 22.1% |
| 净利润同比 | 6620.0% | 40.6% |
| 每股收益（稀释后） | $1.87 | $1.20 |
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MATVPEN
| Q4 25 | $463.1M | $385.4M | ||
| Q3 25 | $513.7M | $354.7M | ||
| Q2 25 | $525.4M | $339.5M | ||
| Q1 25 | $484.8M | $324.1M | ||
| Q4 24 | $458.6M | $315.5M | ||
| Q3 24 | $498.5M | $301.0M | ||
| Q2 24 | $523.8M | $299.4M | ||
| Q1 24 | $500.2M | $278.7M |
净利润MATVPEN
| Q4 25 | $100.8M | $47.3M | ||
| Q3 25 | $-3.2M | $45.9M | ||
| Q2 25 | $-9.5M | $45.3M | ||
| Q1 25 | $-425.5M | $39.2M | ||
| Q4 24 | $1.5M | $33.7M | ||
| Q3 24 | $-20.8M | $29.5M | ||
| Q2 24 | $-1.4M | $-60.2M | ||
| Q1 24 | $-28.0M | $11.0M |
毛利率MATVPEN
| Q4 25 | 18.8% | 68.0% | ||
| Q3 25 | 19.3% | 67.8% | ||
| Q2 25 | 19.7% | 66.0% | ||
| Q1 25 | 15.0% | 66.6% | ||
| Q4 24 | 16.9% | 66.8% | ||
| Q3 24 | 18.8% | 66.5% | ||
| Q2 24 | 20.8% | 54.4% | ||
| Q1 24 | 16.8% | 65.0% |
营业利润率MATVPEN
| Q4 25 | 2.2% | 15.4% | ||
| Q3 25 | 3.1% | 13.8% | ||
| Q2 25 | 3.8% | 12.0% | ||
| Q1 25 | -88.8% | 12.4% | ||
| Q4 24 | 0.6% | 13.6% | ||
| Q3 24 | 1.4% | 11.7% | ||
| Q2 24 | 2.0% | -27.0% | ||
| Q1 24 | -2.8% | 4.3% |
净利率MATVPEN
| Q4 25 | 21.8% | 12.3% | ||
| Q3 25 | -0.6% | 12.9% | ||
| Q2 25 | -1.8% | 13.3% | ||
| Q1 25 | -87.8% | 12.1% | ||
| Q4 24 | 0.3% | 10.7% | ||
| Q3 24 | -4.2% | 9.8% | ||
| Q2 24 | -0.3% | -20.1% | ||
| Q1 24 | -5.6% | 3.9% |
每股收益（稀释后）MATVPEN
| Q4 25 | $1.87 | $1.20 | ||
| Q3 25 | $-0.06 | $1.17 | ||
| Q2 25 | $-0.18 | $1.15 | ||
| Q1 25 | $-7.82 | $1.00 | ||
| Q4 24 | $0.03 | $0.88 | ||
| Q3 24 | $-0.38 | $0.75 | ||
| Q2 24 | $-0.03 | $-1.55 | ||
| Q1 24 | $-0.52 | $0.28 |
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 | $186.9M |
| 总债务越低越好 | $1.0B | — |
| 股东权益账面价值 | $498.7M | $1.4B |
| 总资产 | $2.1B | $1.8B |
| 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MATVPEN
| Q4 25 | $84.2M | $186.9M | ||
| Q3 25 | $97.1M | $321.0M | ||
| Q2 25 | $95.6M | $421.8M | ||
| Q1 25 | $84.0M | $376.1M | ||
| Q4 24 | $94.3M | $324.4M | ||
| Q3 24 | $162.2M | $280.5M | ||
| Q2 24 | $133.4M | $288.3M | ||
| Q1 24 | $128.9M | $223.1M |
总债务MATVPEN
| 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MATVPEN
| Q4 25 | $498.7M | $1.4B | ||
| Q3 25 | $397.4M | $1.4B | ||
| Q2 25 | $416.6M | $1.3B | ||
| Q1 25 | $428.2M | $1.2B | ||
| Q4 24 | $858.5M | $1.2B | ||
| Q3 24 | $882.3M | $1.1B | ||
| Q2 24 | $898.0M | $1.2B | ||
| Q1 24 | $906.9M | $1.2B |
总资产MATVPEN
| Q4 25 | $2.1B | $1.8B | ||
| Q3 25 | $2.0B | $1.7B | ||
| Q2 25 | $2.1B | $1.7B | ||
| Q1 25 | $2.1B | $1.6B | ||
| Q4 24 | $2.4B | $1.5B | ||
| Q3 24 | $2.6B | $1.5B | ||
| Q2 24 | $2.6B | $1.5B | ||
| Q1 24 | $2.7B | $1.6B |
负债/权益比MATVPEN
| 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 | $86.5M |
| 自由现金流经营现金流 - 资本支出 | $8.0M | $68.0M |
| 自由现金流率自由现金流/营收 | 1.7% | 17.7% |
| 资本支出强度资本支出/营收 | 2.4% | 4.8% |
| 现金转化率经营现金流/净利润 | 0.19× | 1.83× |
| 过去12个月自由现金流最近4个季度 | $93.8M | $174.9M |
8季度趋势，按日历期对齐
经营现金流MATVPEN
| Q4 25 | $19.3M | $86.5M | ||
| Q3 25 | $72.8M | $58.3M | ||
| Q2 25 | $57.6M | $44.9M | ||
| Q1 25 | $-15.9M | $49.0M | ||
| Q4 24 | $24.1M | $51.1M | ||
| Q3 24 | $37.6M | $56.5M | ||
| Q2 24 | $46.1M | $22.6M | ||
| Q1 24 | $-13.0M | $38.3M |
自由现金流MATVPEN
| Q4 25 | $8.0M | $68.0M | ||
| Q3 25 | $66.7M | $42.0M | ||
| Q2 25 | $48.9M | $29.4M | ||
| Q1 25 | $-29.8M | $35.5M | ||
| Q4 24 | $2.0M | $45.7M | ||
| Q3 24 | $25.5M | $51.0M | ||
| Q2 24 | $37.4M | $18.1M | ||
| Q1 24 | $-25.1M | $32.5M |
自由现金流率MATVPEN
| Q4 25 | 1.7% | 17.7% | ||
| Q3 25 | 13.0% | 11.8% | ||
| Q2 25 | 9.3% | 8.7% | ||
| Q1 25 | -6.1% | 11.0% | ||
| Q4 24 | 0.4% | 14.5% | ||
| Q3 24 | 5.1% | 16.9% | ||
| Q2 24 | 7.1% | 6.0% | ||
| Q1 24 | -5.0% | 11.7% |
资本支出强度MATVPEN
| Q4 25 | 2.4% | 4.8% | ||
| Q3 25 | 1.2% | 4.6% | ||
| Q2 25 | 1.7% | 4.6% | ||
| Q1 25 | 2.9% | 4.2% | ||
| Q4 24 | 4.8% | 1.7% | ||
| Q3 24 | 2.4% | 1.8% | ||
| Q2 24 | 1.7% | 1.5% | ||
| Q1 24 | 2.4% | 2.1% |
现金转化率MATVPEN
| Q4 25 | 0.19× | 1.83× | ||
| Q3 25 | — | 1.27× | ||
| Q2 25 | — | 0.99× | ||
| Q1 25 | — | 1.25× | ||
| Q4 24 | 16.07× | 1.52× | ||
| Q3 24 | — | 1.91× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 3.48× |
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% |
PEN
| Thrombectomy | $254.7M | 66% |
| Other | $130.7M | 34% |
