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Mativ Holdings, Inc.（MATV）与PROASSURANCE CORP（PRA）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PROASSURANCE CORP的1.7倍（$463.1M vs $269.6M），Mativ Holdings, Inc.净利率更高（21.8% vs 12.4%，领先9.4%），Mativ Holdings, Inc.同比增速更快（1.0% vs -7.1%），过去两年PROASSURANCE CORP的营收复合增速更高（-2.7% 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。
保信集团（ProAssurance）总部位于美国阿拉巴马州伯明翰，是一家财产意外保险公司，主打面向医生的职业责任保险业务。公司前身为1976年成立的Mutual Assurance，1997年更名为Medical Assurance，2001年与Professionals Group合并后改为现名，目前是全美第四大医疗职业责任险承保机构，总资产超60亿美元。
MATV vs PRA — 直观对比
营收规模更大
MATV
是对方的1.7倍
$269.6M
营收增速更快
MATV
高出8.0%
-7.1%
净利率更高
MATV
高出9.4%
12.4%
两年增速更快
PRA
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $463.1M | $269.6M |
| 净利润 | $100.8M | $33.4M |
| 毛利率 | 18.8% | — |
| 营业利润率 | 2.2% | 17.3% |
| 净利率 | 21.8% | 12.4% |
| 营收同比 | 1.0% | -7.1% |
| 净利润同比 | 6620.0% | 106.4% |
| 每股收益（稀释后） | $1.87 | $0.65 |
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MATVPRA
| Q4 25 | $463.1M | $269.6M | ||
| Q3 25 | $513.7M | $279.6M | ||
| Q2 25 | $525.4M | $276.8M | ||
| Q1 25 | $484.8M | $272.1M | ||
| Q4 24 | $458.6M | $290.1M | ||
| Q3 24 | $498.5M | $285.3M | ||
| Q2 24 | $523.8M | $290.4M | ||
| Q1 24 | $500.2M | $284.7M |
净利润MATVPRA
| Q4 25 | $100.8M | $33.4M | ||
| Q3 25 | $-3.2M | $1.4M | ||
| Q2 25 | $-9.5M | $21.9M | ||
| Q1 25 | $-425.5M | $-5.8M | ||
| Q4 24 | $1.5M | $16.2M | ||
| Q3 24 | $-20.8M | $16.4M | ||
| Q2 24 | $-1.4M | $15.5M | ||
| Q1 24 | $-28.0M | $4.6M |
毛利率MATVPRA
| 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MATVPRA
| Q4 25 | 2.2% | 17.3% | ||
| Q3 25 | 3.1% | 1.6% | ||
| Q2 25 | 3.8% | 9.9% | ||
| Q1 25 | -88.8% | -2.3% | ||
| Q4 24 | 0.6% | 6.5% | ||
| Q3 24 | 1.4% | 7.4% | ||
| Q2 24 | 2.0% | 6.2% | ||
| Q1 24 | -2.8% | 1.9% |
净利率MATVPRA
| Q4 25 | 21.8% | 12.4% | ||
| Q3 25 | -0.6% | 0.5% | ||
| Q2 25 | -1.8% | 7.9% | ||
| Q1 25 | -87.8% | -2.1% | ||
| Q4 24 | 0.3% | 5.6% | ||
| Q3 24 | -4.2% | 5.8% | ||
| Q2 24 | -0.3% | 5.3% | ||
| Q1 24 | -5.6% | 1.6% |
每股收益（稀释后）MATVPRA
| Q4 25 | $1.87 | $0.65 | ||
| Q3 25 | $-0.06 | $0.03 | ||
| Q2 25 | $-0.18 | $0.42 | ||
| Q1 25 | $-7.82 | $-0.11 | ||
| Q4 24 | $0.03 | $0.32 | ||
| Q3 24 | $-0.38 | $0.32 | ||
| Q2 24 | $-0.03 | $0.30 | ||
| Q1 24 | $-0.52 | $0.09 |
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 | $36.5M |
| 总债务越低越好 | $1.0B | $420.4M |
| 股东权益账面价值 | $498.7M | $1.3B |
| 总资产 | $2.1B | $5.4B |
| 负债/权益比越低杠杆越低 | 2.07× | 0.31× |
8季度趋势，按日历期对齐
现金及短期投资MATVPRA
| Q4 25 | $84.2M | $36.5M | ||
| Q3 25 | $97.1M | $54.5M | ||
| Q2 25 | $95.6M | $41.6M | ||
| Q1 25 | $84.0M | $43.5M | ||
| Q4 24 | $94.3M | $54.9M | ||
| Q3 24 | $162.2M | $45.3M | ||
| Q2 24 | $133.4M | $36.9M | ||
| Q1 24 | $128.9M | $65.4M |
总债务MATVPRA
| Q4 25 | $1.0B | $420.4M | ||
| Q3 25 | $1.0B | $421.5M | ||
| Q2 25 | $1.1B | $422.6M | ||
| Q1 25 | $1.1B | $423.7M | ||
| Q4 24 | $1.1B | $424.9M | ||
| Q3 24 | $1.2B | $425.9M | ||
| Q2 24 | $1.2B | $426.9M | ||
| Q1 24 | $1.2B | $427.8M |
股东权益MATVPRA
| Q4 25 | $498.7M | $1.3B | ||
| Q3 25 | $397.4M | $1.3B | ||
| Q2 25 | $416.6M | $1.3B | ||
| Q1 25 | $428.2M | $1.2B | ||
| Q4 24 | $858.5M | $1.2B | ||
| Q3 24 | $882.3M | $1.2B | ||
| Q2 24 | $898.0M | $1.1B | ||
| Q1 24 | $906.9M | $1.1B |
总资产MATVPRA
| Q4 25 | $2.1B | $5.4B | ||
| Q3 25 | $2.0B | $5.6B | ||
| Q2 25 | $2.1B | $5.5B | ||
| Q1 25 | $2.1B | $5.5B | ||
| Q4 24 | $2.4B | $5.6B | ||
| Q3 24 | $2.6B | $5.7B | ||
| Q2 24 | $2.6B | $5.6B | ||
| Q1 24 | $2.7B | $5.7B |
负债/权益比MATVPRA
| Q4 25 | 2.07× | 0.31× | ||
| Q3 25 | 2.63× | 0.32× | ||
| Q2 25 | 2.66× | 0.33× | ||
| Q1 25 | 2.67× | 0.34× | ||
| Q4 24 | 1.30× | 0.35× | ||
| Q3 24 | 1.32× | 0.35× | ||
| Q2 24 | 1.29× | 0.38× | ||
| Q1 24 | 1.30× | 0.38× |
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 | $-25.6M |
| 自由现金流经营现金流 - 资本支出 | $8.0M | — |
| 自由现金流率自由现金流/营收 | 1.7% | — |
| 资本支出强度资本支出/营收 | 2.4% | — |
| 现金转化率经营现金流/净利润 | 0.19× | -0.77× |
| 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MATVPRA
| Q4 25 | $19.3M | $-25.6M | ||
| Q3 25 | $72.8M | $27.2M | ||
| Q2 25 | $57.6M | $-28.1M | ||
| Q1 25 | $-15.9M | $-11.6M | ||
| Q4 24 | $24.1M | $-10.7M | ||
| Q3 24 | $37.6M | $14.0M | ||
| Q2 24 | $46.1M | $-12.8M | ||
| Q1 24 | $-13.0M | $-11.6M |
自由现金流MATVPRA
| 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 | — | ||
| Q1 24 | $-25.1M | — |
自由现金流率MATVPRA
| 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% | — | ||
| Q1 24 | -5.0% | — |
资本支出强度MATVPRA
| 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% | — | ||
| Q1 24 | 2.4% | — |
现金转化率MATVPRA
| Q4 25 | 0.19× | -0.77× | ||
| Q3 25 | — | 18.81× | ||
| Q2 25 | — | -1.28× | ||
| Q1 25 | — | — | ||
| Q4 24 | 16.07× | -0.66× | ||
| Q3 24 | — | 0.85× | ||
| Q2 24 | — | -0.83× | ||
| Q1 24 | — | -2.52× |
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% |
PRA
| Workers Compensation Insurance Segment | $164.4M | 61% |
| Other | $59.6M | 22% |
| Segregated Portfolio Cell Reinsurance | $45.7M | 17% |
