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Mativ Holdings, Inc.（MATV）与PTC Inc.（PTC）财务数据对比。点击上方公司名可切换其他公司
PTC Inc.的季度营收约是Mativ Holdings, Inc.的1.5倍（$685.8M vs $463.1M），PTC Inc.净利率更高（24.3% vs 21.8%，领先2.5%），PTC Inc.同比增速更快（21.4% vs 1.0%），PTC Inc.自由现金流更多（$267.4M vs $8.0M），过去两年PTC Inc.的营收复合增速更高（6.6% 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。
PTC是1985年成立的美国计算机软件与服务企业，总部位于马萨诸塞州波士顿。公司1988年率先推出参数化关联特征驱动的三维CAD建模软件，1998年发布基于互联网的产品生命周期管理（PLM）产品，目前面向合作伙伴与开发者提供物联网、增强现实（AR）平台及相关产品服务。
MATV vs PTC — 直观对比
营收规模更大
PTC
是对方的1.5倍
$463.1M
营收增速更快
PTC
高出20.4%
1.0%
净利率更高
PTC
高出2.5%
21.8%
自由现金流更多
PTC
多$259.4M
$8.0M
两年增速更快
PTC
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $463.1M | $685.8M |
| 净利润 | $100.8M | $166.5M |
| 毛利率 | 18.8% | 82.8% |
| 营业利润率 | 2.2% | 32.2% |
| 净利率 | 21.8% | 24.3% |
| 营收同比 | 1.0% | 21.4% |
| 净利润同比 | 6620.0% | 102.5% |
| 每股收益（稀释后） | $1.87 | $1.39 |
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MATVPTC
| Q4 25 | $463.1M | $685.8M | ||
| Q3 25 | $513.7M | $893.8M | ||
| Q2 25 | $525.4M | $643.9M | ||
| Q1 25 | $484.8M | $636.4M | ||
| Q4 24 | $458.6M | $565.1M | ||
| Q3 24 | $498.5M | $626.5M | ||
| Q2 24 | $523.8M | $518.6M | ||
| Q1 24 | $500.2M | $603.1M |
净利润MATVPTC
| Q4 25 | $100.8M | $166.5M | ||
| Q3 25 | $-3.2M | $347.8M | ||
| Q2 25 | $-9.5M | $141.3M | ||
| Q1 25 | $-425.5M | $162.6M | ||
| Q4 24 | $1.5M | $82.2M | ||
| Q3 24 | $-20.8M | $126.5M | ||
| Q2 24 | $-1.4M | $69.0M | ||
| Q1 24 | $-28.0M | $114.4M |
毛利率MATVPTC
| Q4 25 | 18.8% | 82.8% | ||
| Q3 25 | 19.3% | 86.9% | ||
| Q2 25 | 19.7% | 82.9% | ||
| Q1 25 | 15.0% | 83.3% | ||
| Q4 24 | 16.9% | 80.2% | ||
| Q3 24 | 18.8% | 82.0% | ||
| Q2 24 | 20.8% | 78.4% | ||
| Q1 24 | 16.8% | 81.8% |
营业利润率MATVPTC
| Q4 25 | 2.2% | 32.2% | ||
| Q3 25 | 3.1% | 48.5% | ||
| Q2 25 | 3.8% | 32.6% | ||
| Q1 25 | -88.8% | 35.1% | ||
| Q4 24 | 0.6% | 20.4% | ||
| Q3 24 | 1.4% | 31.0% | ||
| Q2 24 | 2.0% | 18.5% | ||
| Q1 24 | -2.8% | 29.8% |
净利率MATVPTC
| Q4 25 | 21.8% | 24.3% | ||
| Q3 25 | -0.6% | 38.9% | ||
| Q2 25 | -1.8% | 21.9% | ||
| Q1 25 | -87.8% | 25.6% | ||
| Q4 24 | 0.3% | 14.6% | ||
| Q3 24 | -4.2% | 20.2% | ||
| Q2 24 | -0.3% | 13.3% | ||
| Q1 24 | -5.6% | 19.0% |
每股收益（稀释后）MATVPTC
| Q4 25 | $1.87 | $1.39 | ||
| Q3 25 | $-0.06 | $2.88 | ||
| Q2 25 | $-0.18 | $1.17 | ||
| Q1 25 | $-7.82 | $1.35 | ||
| Q4 24 | $0.03 | $0.68 | ||
| Q3 24 | $-0.38 | $1.05 | ||
| Q2 24 | $-0.03 | $0.57 | ||
| 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 | $209.7M |
| 总债务越低越好 | $1.0B | $1.2B |
| 股东权益账面价值 | $498.7M | $3.8B |
| 总资产 | $2.1B | $6.4B |
| 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MATVPTC
| Q4 25 | $84.2M | $209.7M | ||
| Q3 25 | $97.1M | $184.4M | ||
| Q2 25 | $95.6M | $199.3M | ||
| Q1 25 | $84.0M | $235.2M | ||
| Q4 24 | $94.3M | $196.3M | ||
| Q3 24 | $162.2M | $265.8M | ||
| Q2 24 | $133.4M | $247.7M | ||
| Q1 24 | $128.9M | $249.0M |
总债务MATVPTC
| Q4 25 | $1.0B | $1.2B | ||
| Q3 25 | $1.0B | $1.2B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.1B | $1.4B | ||
| Q4 24 | $1.1B | $1.0B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.2B | $1.3B | ||
| Q1 24 | $1.2B | $1.5B |
股东权益MATVPTC
| Q4 25 | $498.7M | $3.8B | ||
| Q3 25 | $397.4M | $3.8B | ||
| Q2 25 | $416.6M | $3.5B | ||
| Q1 25 | $428.2M | $3.4B | ||
| Q4 24 | $858.5M | $3.2B | ||
| Q3 24 | $882.3M | $3.2B | ||
| Q2 24 | $898.0M | $3.0B | ||
| Q1 24 | $906.9M | $2.9B |
总资产MATVPTC
| Q4 25 | $2.1B | $6.4B | ||
| Q3 25 | $2.0B | $6.6B | ||
| Q2 25 | $2.1B | $6.2B | ||
| Q1 25 | $2.1B | $6.2B | ||
| Q4 24 | $2.4B | $6.1B | ||
| Q3 24 | $2.6B | $6.4B | ||
| Q2 24 | $2.6B | $6.1B | ||
| Q1 24 | $2.7B | $6.2B |
负债/权益比MATVPTC
| Q4 25 | 2.07× | 0.31× | ||
| Q3 25 | 2.63× | 0.31× | ||
| Q2 25 | 2.66× | 0.34× | ||
| Q1 25 | 2.67× | 0.40× | ||
| Q4 24 | 1.30× | 0.32× | ||
| Q3 24 | 1.32× | 0.38× | ||
| Q2 24 | 1.29× | 0.43× | ||
| Q1 24 | 1.30× | 0.51× |
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 | $269.7M |
| 自由现金流经营现金流 - 资本支出 | $8.0M | $267.4M |
| 自由现金流率自由现金流/营收 | 1.7% | 39.0% |
| 资本支出强度资本支出/营收 | 2.4% | 0.3% |
| 现金转化率经营现金流/净利润 | 0.19× | 1.62× |
| 过去12个月自由现金流最近4个季度 | $93.8M | $888.4M |
8季度趋势，按日历期对齐
经营现金流MATVPTC
| Q4 25 | $19.3M | $269.7M | ||
| Q3 25 | $72.8M | $104.0M | ||
| Q2 25 | $57.6M | $243.9M | ||
| Q1 25 | $-15.9M | $281.3M | ||
| Q4 24 | $24.1M | $238.4M | ||
| Q3 24 | $37.6M | $98.1M | ||
| Q2 24 | $46.1M | $213.8M | ||
| Q1 24 | $-13.0M | $250.7M |
自由现金流MATVPTC
| Q4 25 | $8.0M | $267.4M | ||
| Q3 25 | $66.7M | $100.5M | ||
| Q2 25 | $48.9M | $242.0M | ||
| Q1 25 | $-29.8M | $278.5M | ||
| Q4 24 | $2.0M | $235.7M | ||
| Q3 24 | $25.5M | $93.6M | ||
| Q2 24 | $37.4M | $212.2M | ||
| Q1 24 | $-25.1M | $247.1M |
自由现金流率MATVPTC
| Q4 25 | 1.7% | 39.0% | ||
| Q3 25 | 13.0% | 11.2% | ||
| Q2 25 | 9.3% | 37.6% | ||
| Q1 25 | -6.1% | 43.8% | ||
| Q4 24 | 0.4% | 41.7% | ||
| Q3 24 | 5.1% | 14.9% | ||
| Q2 24 | 7.1% | 40.9% | ||
| Q1 24 | -5.0% | 41.0% |
资本支出强度MATVPTC
| Q4 25 | 2.4% | 0.3% | ||
| Q3 25 | 1.2% | 0.4% | ||
| Q2 25 | 1.7% | 0.3% | ||
| Q1 25 | 2.9% | 0.4% | ||
| Q4 24 | 4.8% | 0.5% | ||
| Q3 24 | 2.4% | 0.7% | ||
| Q2 24 | 1.7% | 0.3% | ||
| Q1 24 | 2.4% | 0.6% |
现金转化率MATVPTC
| Q4 25 | 0.19× | 1.62× | ||
| Q3 25 | — | 0.30× | ||
| Q2 25 | — | 1.73× | ||
| Q1 25 | — | 1.73× | ||
| Q4 24 | 16.07× | 2.90× | ||
| Q3 24 | — | 0.78× | ||
| Q2 24 | — | 3.10× | ||
| Q1 24 | — | 2.19× |
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% |
PTC
| Support And Cloud Services | $393.3M | 57% |
| License | $269.7M | 39% |
| Technology Service | $22.9M | 3% |
| Perpetual License | $5.6M | 1% |
