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Mativ Holdings, Inc.（MATV）与PROGRESS SOFTWARE CORP（PRGS）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PROGRESS SOFTWARE CORP的1.8倍（$463.1M vs $252.7M），Mativ Holdings, Inc.净利率更高（21.8% vs 10.2%，领先11.6%），PROGRESS SOFTWARE CORP同比增速更快（17.5% vs 1.0%），PROGRESS SOFTWARE CORP自由现金流更多（$59.9M vs $8.0M），过去两年PROGRESS SOFTWARE CORP的营收复合增速更高（17.0% 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。
Progress Software是全球领先的企业级软件服务商，主营应用开发平台、数据连接工具、数字体验解决方案等产品，服务覆盖金融、医疗、制造、零售等多行业的全球企业客户，助力客户搭建高性能可扩展的业务应用，提升运营效率。
MATV vs PRGS — 直观对比
营收规模更大
MATV
是对方的1.8倍
$252.7M
营收增速更快
PRGS
高出16.6%
1.0%
净利率更高
MATV
高出11.6%
10.2%
自由现金流更多
PRGS
多$51.9M
$8.0M
两年增速更快
PRGS
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $463.1M | $252.7M |
| 净利润 | $100.8M | $25.7M |
| 毛利率 | 18.8% | 81.6% |
| 营业利润率 | 2.2% | 15.2% |
| 净利率 | 21.8% | 10.2% |
| 营收同比 | 1.0% | 17.5% |
| 净利润同比 | 6620.0% | 2144.6% |
| 每股收益（稀释后） | $1.87 | $0.59 |
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MATVPRGS
| Q4 25 | $463.1M | $252.7M | ||
| Q3 25 | $513.7M | $249.8M | ||
| Q2 25 | $525.4M | $237.4M | ||
| Q1 25 | $484.8M | $238.0M | ||
| Q4 24 | $458.6M | $215.0M | ||
| Q3 24 | $498.5M | $178.7M | ||
| Q2 24 | $523.8M | $175.1M | ||
| Q1 24 | $500.2M | $184.7M |
净利润MATVPRGS
| Q4 25 | $100.8M | $25.7M | ||
| Q3 25 | $-3.2M | $19.4M | ||
| Q2 25 | $-9.5M | $17.0M | ||
| Q1 25 | $-425.5M | $10.9M | ||
| Q4 24 | $1.5M | $1.1M | ||
| Q3 24 | $-20.8M | $28.5M | ||
| Q2 24 | $-1.4M | $16.2M | ||
| Q1 24 | $-28.0M | $22.6M |
毛利率MATVPRGS
| Q4 25 | 18.8% | 81.6% | ||
| Q3 25 | 19.3% | 81.0% | ||
| Q2 25 | 19.7% | 80.1% | ||
| Q1 25 | 15.0% | 80.6% | ||
| Q4 24 | 16.9% | 83.0% | ||
| Q3 24 | 18.8% | 83.7% | ||
| Q2 24 | 20.8% | 81.7% | ||
| Q1 24 | 16.8% | 82.2% |
营业利润率MATVPRGS
| Q4 25 | 2.2% | 15.2% | ||
| Q3 25 | 3.1% | 17.6% | ||
| Q2 25 | 3.8% | 16.3% | ||
| Q1 25 | -88.8% | 13.6% | ||
| Q4 24 | 0.6% | 10.0% | ||
| Q3 24 | 1.4% | 22.6% | ||
| Q2 24 | 2.0% | 15.5% | ||
| Q1 24 | -2.8% | 19.0% |
净利率MATVPRGS
| Q4 25 | 21.8% | 10.2% | ||
| Q3 25 | -0.6% | 7.8% | ||
| Q2 25 | -1.8% | 7.2% | ||
| Q1 25 | -87.8% | 4.6% | ||
| Q4 24 | 0.3% | 0.5% | ||
| Q3 24 | -4.2% | 15.9% | ||
| Q2 24 | -0.3% | 9.2% | ||
| Q1 24 | -5.6% | 12.3% |
每股收益（稀释后）MATVPRGS
| Q4 25 | $1.87 | $0.59 | ||
| Q3 25 | $-0.06 | $0.44 | ||
| Q2 25 | $-0.18 | $0.39 | ||
| Q1 25 | $-7.82 | $0.24 | ||
| Q4 24 | $0.03 | $0.01 | ||
| Q3 24 | $-0.38 | $0.65 | ||
| Q2 24 | $-0.03 | $0.37 | ||
| Q1 24 | $-0.52 | $0.51 |
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 | $94.8M |
| 总债务越低越好 | $1.0B | $1.4B |
| 股东权益账面价值 | $498.7M | $478.3M |
| 总资产 | $2.1B | $2.5B |
| 负债/权益比越低杠杆越低 | 2.07× | 2.93× |
8季度趋势，按日历期对齐
现金及短期投资MATVPRGS
| Q4 25 | $84.2M | $94.8M | ||
| Q3 25 | $97.1M | $99.0M | ||
| Q2 25 | $95.6M | $102.0M | ||
| Q1 25 | $84.0M | $124.2M | ||
| Q4 24 | $94.3M | $118.1M | ||
| Q3 24 | $162.2M | $232.7M | ||
| Q2 24 | $133.4M | $190.4M | ||
| Q1 24 | $128.9M | $133.2M |
总债务MATVPRGS
| Q4 25 | $1.0B | $1.4B | ||
| Q3 25 | $1.0B | $1.4B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $1.1B | $1.5B | ||
| Q4 24 | $1.1B | $1.5B | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
股东权益MATVPRGS
| Q4 25 | $498.7M | $478.3M | ||
| Q3 25 | $397.4M | $477.7M | ||
| Q2 25 | $416.6M | $452.7M | ||
| Q1 25 | $428.2M | $431.8M | ||
| Q4 24 | $858.5M | $438.8M | ||
| Q3 24 | $882.3M | $425.6M | ||
| Q2 24 | $898.0M | $401.7M | ||
| Q1 24 | $906.9M | $461.7M |
总资产MATVPRGS
| Q4 25 | $2.1B | $2.5B | ||
| Q3 25 | $2.0B | $2.4B | ||
| Q2 25 | $2.1B | $2.4B | ||
| Q1 25 | $2.1B | $2.5B | ||
| Q4 24 | $2.4B | $2.5B | ||
| Q3 24 | $2.6B | $1.6B | ||
| Q2 24 | $2.6B | $1.6B | ||
| Q1 24 | $2.7B | $1.5B |
负债/权益比MATVPRGS
| Q4 25 | 2.07× | 2.93× | ||
| Q3 25 | 2.63× | 2.97× | ||
| Q2 25 | 2.66× | 3.22× | ||
| Q1 25 | 2.67× | 3.50× | ||
| Q4 24 | 1.30× | 3.48× | ||
| 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 | $62.8M |
| 自由现金流经营现金流 - 资本支出 | $8.0M | $59.9M |
| 自由现金流率自由现金流/营收 | 1.7% | 23.7% |
| 资本支出强度资本支出/营收 | 2.4% | 1.1% |
| 现金转化率经营现金流/净利润 | 0.19× | 2.44× |
| 过去12个月自由现金流最近4个季度 | $93.8M | $229.5M |
8季度趋势，按日历期对齐
经营现金流MATVPRGS
| Q4 25 | $19.3M | $62.8M | ||
| Q3 25 | $72.8M | $73.4M | ||
| Q2 25 | $57.6M | $30.0M | ||
| Q1 25 | $-15.9M | $68.9M | ||
| Q4 24 | $24.1M | $19.7M | ||
| Q3 24 | $37.6M | $57.7M | ||
| Q2 24 | $46.1M | $63.7M | ||
| Q1 24 | $-13.0M | $70.5M |
自由现金流MATVPRGS
| Q4 25 | $8.0M | $59.9M | ||
| Q3 25 | $66.7M | $72.4M | ||
| Q2 25 | $48.9M | $29.5M | ||
| Q1 25 | $-29.8M | $67.7M | ||
| Q4 24 | $2.0M | $16.8M | ||
| Q3 24 | $25.5M | $56.6M | ||
| Q2 24 | $37.4M | $62.7M | ||
| Q1 24 | $-25.1M | $70.2M |
自由现金流率MATVPRGS
| Q4 25 | 1.7% | 23.7% | ||
| Q3 25 | 13.0% | 29.0% | ||
| Q2 25 | 9.3% | 12.4% | ||
| Q1 25 | -6.1% | 28.4% | ||
| Q4 24 | 0.4% | 7.8% | ||
| Q3 24 | 5.1% | 31.7% | ||
| Q2 24 | 7.1% | 35.8% | ||
| Q1 24 | -5.0% | 38.0% |
资本支出强度MATVPRGS
| Q4 25 | 2.4% | 1.1% | ||
| Q3 25 | 1.2% | 0.4% | ||
| Q2 25 | 1.7% | 0.2% | ||
| Q1 25 | 2.9% | 0.5% | ||
| Q4 24 | 4.8% | 1.3% | ||
| Q3 24 | 2.4% | 0.6% | ||
| Q2 24 | 1.7% | 0.5% | ||
| Q1 24 | 2.4% | 0.2% |
现金转化率MATVPRGS
| Q4 25 | 0.19× | 2.44× | ||
| Q3 25 | — | 3.78× | ||
| Q2 25 | — | 1.76× | ||
| Q1 25 | — | 6.30× | ||
| Q4 24 | 16.07× | 17.13× | ||
| Q3 24 | — | 2.03× | ||
| Q2 24 | — | 3.93× | ||
| Q1 24 | — | 3.11× |
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% |
PRGS
| Maintenanceand Services | $187.5M | 74% |
| Share File Acquisition | $67.5M | 27% |
