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Mativ Holdings, Inc.（MATV）与Dave & Buster's Entertainment, Inc.（PLAY）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Dave & Buster's Entertainment, Inc.的1.0倍（$463.1M vs $448.2M），Mativ Holdings, Inc.净利率更高（21.8% vs -9.4%，领先31.2%），Mativ Holdings, Inc.同比增速更快（1.0% vs -1.1%），Mativ Holdings, Inc.自由现金流更多（$8.0M vs $-20.6M），过去两年Mativ Holdings, Inc.的营收复合增速更高（-3.8% vs -13.5%）
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。
戴夫与巴斯特娱乐是总部位于美国达拉斯的餐饮娱乐企业，旗下每家门店都配备全套服务餐厅、酒吧以及名为“百万美元 midway”的游戏游乐区。截至2024年2月，该公司共开设162家门店，其中美国本土158家，波多黎各和加拿大各设2家门店，主打餐饮与休闲娱乐融合的消费体验。
MATV vs PLAY — 直观对比
营收规模更大
MATV
是对方的1.0倍
$448.2M
营收增速更快
MATV
高出2.0%
-1.1%
净利率更高
MATV
高出31.2%
-9.4%
自由现金流更多
MATV
多$28.6M
$-20.6M
两年增速更快
MATV
近两年复合增速
-13.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $463.1M | $448.2M |
| 净利润 | $100.8M | $-42.1M |
| 毛利率 | 18.8% | 85.8% |
| 营业利润率 | 2.2% | -3.6% |
| 净利率 | 21.8% | -9.4% |
| 营收同比 | 1.0% | -1.1% |
| 净利润同比 | 6620.0% | -28.7% |
| 每股收益（稀释后） | $1.87 | $-1.22 |
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MATVPLAY
| Q4 25 | $463.1M | $448.2M | ||
| Q3 25 | $513.7M | $557.4M | ||
| Q2 25 | $525.4M | $567.7M | ||
| Q1 25 | $484.8M | $534.5M | ||
| Q4 24 | $458.6M | $453.0M | ||
| Q3 24 | $498.5M | $557.1M | ||
| Q2 24 | $523.8M | $588.1M | ||
| Q1 24 | $500.2M | $599.0M |
净利润MATVPLAY
| Q4 25 | $100.8M | $-42.1M | ||
| Q3 25 | $-3.2M | $11.4M | ||
| Q2 25 | $-9.5M | $21.7M | ||
| Q1 25 | $-425.5M | $9.3M | ||
| Q4 24 | $1.5M | $-32.7M | ||
| Q3 24 | $-20.8M | $40.3M | ||
| Q2 24 | $-1.4M | $41.4M | ||
| Q1 24 | $-28.0M | $36.1M |
毛利率MATVPLAY
| Q4 25 | 18.8% | 85.8% | ||
| Q3 25 | 19.3% | 86.3% | ||
| Q2 25 | 19.7% | 85.5% | ||
| Q1 25 | 15.0% | 85.5% | ||
| Q4 24 | 16.9% | 85.0% | ||
| Q3 24 | 18.8% | 85.3% | ||
| Q2 24 | 20.8% | 85.2% | ||
| Q1 24 | 16.8% | 84.1% |
营业利润率MATVPLAY
| Q4 25 | 2.2% | -3.6% | ||
| Q3 25 | 3.1% | 9.5% | ||
| Q2 25 | 3.8% | 11.1% | ||
| Q1 25 | -88.8% | 8.3% | ||
| Q4 24 | 0.6% | 1.4% | ||
| Q3 24 | 1.4% | 15.2% | ||
| Q2 24 | 2.0% | 14.5% | ||
| Q1 24 | -2.8% | 14.9% |
净利率MATVPLAY
| Q4 25 | 21.8% | -9.4% | ||
| Q3 25 | -0.6% | 2.0% | ||
| Q2 25 | -1.8% | 3.8% | ||
| Q1 25 | -87.8% | 1.7% | ||
| Q4 24 | 0.3% | -7.2% | ||
| Q3 24 | -4.2% | 7.2% | ||
| Q2 24 | -0.3% | 7.0% | ||
| Q1 24 | -5.6% | 6.0% |
每股收益（稀释后）MATVPLAY
| Q4 25 | $1.87 | $-1.22 | ||
| Q3 25 | $-0.06 | $0.32 | ||
| Q2 25 | $-0.18 | $0.62 | ||
| Q1 25 | $-7.82 | $0.32 | ||
| Q4 24 | $0.03 | $-0.84 | ||
| Q3 24 | $-0.38 | $0.99 | ||
| Q2 24 | $-0.03 | $0.99 | ||
| Q1 24 | $-0.52 | $0.95 |
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 | $13.6M |
| 总债务越低越好 | $1.0B | $1.6B |
| 股东权益账面价值 | $498.7M | $130.8M |
| 总资产 | $2.1B | $4.1B |
| 负债/权益比越低杠杆越低 | 2.07× | 12.17× |
8季度趋势，按日历期对齐
现金及短期投资MATVPLAY
| Q4 25 | $84.2M | $13.6M | ||
| Q3 25 | $97.1M | $12.0M | ||
| Q2 25 | $95.6M | $11.9M | ||
| Q1 25 | $84.0M | $6.9M | ||
| Q4 24 | $94.3M | $8.6M | ||
| Q3 24 | $162.2M | $13.1M | ||
| Q2 24 | $133.4M | $32.1M | ||
| Q1 24 | $128.9M | $37.3M |
总债务MATVPLAY
| Q4 25 | $1.0B | $1.6B | ||
| Q3 25 | $1.0B | $1.6B | ||
| Q2 25 | $1.1B | $1.6B | ||
| Q1 25 | $1.1B | $1.5B | ||
| Q4 24 | $1.1B | $1.5B | ||
| Q3 24 | $1.2B | $1.3B | ||
| Q2 24 | $1.2B | $1.3B | ||
| Q1 24 | $1.2B | $1.3B |
股东权益MATVPLAY
| Q4 25 | $498.7M | $130.8M | ||
| Q3 25 | $397.4M | $166.2M | ||
| Q2 25 | $416.6M | $146.8M | ||
| Q1 25 | $428.2M | $145.8M | ||
| Q4 24 | $858.5M | $226.6M | ||
| Q3 24 | $882.3M | $284.4M | ||
| Q2 24 | $898.0M | $292.5M | ||
| Q1 24 | $906.9M | $251.2M |
总资产MATVPLAY
| Q4 25 | $2.1B | $4.1B | ||
| Q3 25 | $2.0B | $4.1B | ||
| Q2 25 | $2.1B | $4.1B | ||
| Q1 25 | $2.1B | $4.0B | ||
| Q4 24 | $2.4B | $3.9B | ||
| Q3 24 | $2.6B | $3.8B | ||
| Q2 24 | $2.6B | $3.8B | ||
| Q1 24 | $2.7B | $3.8B |
负债/权益比MATVPLAY
| Q4 25 | 2.07× | 12.17× | ||
| Q3 25 | 2.63× | 9.57× | ||
| Q2 25 | 2.66× | 10.98× | ||
| Q1 25 | 2.67× | 10.45× | ||
| Q4 24 | 1.30× | 6.58× | ||
| Q3 24 | 1.32× | 4.72× | ||
| Q2 24 | 1.29× | 4.58× | ||
| Q1 24 | 1.30× | 5.33× |
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 | $58.0M |
| 自由现金流经营现金流 - 资本支出 | $8.0M | $-20.6M |
| 自由现金流率自由现金流/营收 | 1.7% | -4.6% |
| 资本支出强度资本支出/营收 | 2.4% | 17.5% |
| 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 | $-195.6M |
8季度趋势，按日历期对齐
经营现金流MATVPLAY
| Q4 25 | $19.3M | $58.0M | ||
| Q3 25 | $72.8M | $34.0M | ||
| Q2 25 | $57.6M | $95.8M | ||
| Q1 25 | $-15.9M | $108.9M | ||
| Q4 24 | $24.1M | $-7.2M | ||
| Q3 24 | $37.6M | $101.8M | ||
| Q2 24 | $46.1M | $108.8M | ||
| Q1 24 | $-13.0M | $97.2M |
自由现金流MATVPLAY
| Q4 25 | $8.0M | $-20.6M | ||
| Q3 25 | $66.7M | $-55.2M | ||
| Q2 25 | $48.9M | $-58.8M | ||
| Q1 25 | $-29.8M | $-61.0M | ||
| Q4 24 | $2.0M | $-138.4M | ||
| Q3 24 | $25.5M | $-14.3M | ||
| Q2 24 | $37.4M | $-4.2M | ||
| Q1 24 | $-25.1M | $-25.4M |
自由现金流率MATVPLAY
| Q4 25 | 1.7% | -4.6% | ||
| Q3 25 | 13.0% | -9.9% | ||
| Q2 25 | 9.3% | -10.4% | ||
| Q1 25 | -6.1% | -11.4% | ||
| Q4 24 | 0.4% | -30.6% | ||
| Q3 24 | 5.1% | -2.6% | ||
| Q2 24 | 7.1% | -0.7% | ||
| Q1 24 | -5.0% | -4.2% |
资本支出强度MATVPLAY
| Q4 25 | 2.4% | 17.5% | ||
| Q3 25 | 1.2% | 16.0% | ||
| Q2 25 | 1.7% | 27.2% | ||
| Q1 25 | 2.9% | 31.8% | ||
| Q4 24 | 4.8% | 29.0% | ||
| Q3 24 | 2.4% | 20.8% | ||
| Q2 24 | 1.7% | 19.2% | ||
| Q1 24 | 2.4% | 20.5% |
现金转化率MATVPLAY
| Q4 25 | 0.19× | — | ||
| Q3 25 | — | 2.98× | ||
| Q2 25 | — | 4.41× | ||
| Q1 25 | — | 11.71× | ||
| Q4 24 | 16.07× | — | ||
| Q3 24 | — | 2.53× | ||
| Q2 24 | — | 2.63× | ||
| Q1 24 | — | 2.69× |
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% |
PLAY
| Game Play Credit Usage | $273.1M | 61% |
| Food And Nonalcoholic Beverages | $115.1M | 26% |
| Alcoholic Beverage | $53.7M | 12% |
| Other Entertainment | $6.3M | 1% |
| Gift Card Revenue | $3.5M | 1% |
