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Mativ Holdings, Inc.（MATV）与ROYAL GOLD INC（RGLD）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ROYAL GOLD INC的1.2倍（$463.1M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs 21.8%，领先3.2%），ROYAL GOLD INC同比增速更快（85.3% vs 1.0%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% 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。
Royal Gold Inc.是全球领先的贵金属流权与特许权经营企业，收购并管理多元化的矿业项目流权、净熔炼收益特许权及相关权益，资产覆盖黄金、白银、铜等品类，业务遍及多地区，无需直接承担采矿运营风险。
MATV vs RGLD — 直观对比
营收规模更大
MATV
是对方的1.2倍
$375.3M
营收增速更快
RGLD
高出84.3%
1.0%
净利率更高
RGLD
高出3.2%
21.8%
两年增速更快
RGLD
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $463.1M | $375.3M |
| 净利润 | $100.8M | $93.6M |
| 毛利率 | 18.8% | 64.6% |
| 营业利润率 | 2.2% | 56.2% |
| 净利率 | 21.8% | 24.9% |
| 营收同比 | 1.0% | 85.3% |
| 净利润同比 | 6620.0% | -12.8% |
| 每股收益（稀释后） | $1.87 | $1.04 |
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MATVRGLD
| Q4 25 | $463.1M | $375.3M | ||
| Q3 25 | $513.7M | $252.1M | ||
| Q2 25 | $525.4M | $209.6M | ||
| Q1 25 | $484.8M | $193.4M | ||
| Q4 24 | $458.6M | $202.6M | ||
| Q3 24 | $498.5M | $193.8M | ||
| Q2 24 | $523.8M | $174.1M | ||
| Q1 24 | $500.2M | $148.9M |
净利润MATVRGLD
| Q4 25 | $100.8M | $93.6M | ||
| Q3 25 | $-3.2M | $126.8M | ||
| Q2 25 | $-9.5M | $132.3M | ||
| Q1 25 | $-425.5M | $113.5M | ||
| Q4 24 | $1.5M | $107.4M | ||
| Q3 24 | $-20.8M | $96.2M | ||
| Q2 24 | $-1.4M | $81.2M | ||
| Q1 24 | $-28.0M | $47.2M |
毛利率MATVRGLD
| Q4 25 | 18.8% | 64.6% | ||
| Q3 25 | 19.3% | 73.6% | ||
| Q2 25 | 19.7% | 72.6% | ||
| Q1 25 | 15.0% | 69.4% | ||
| Q4 24 | 16.9% | 70.3% | ||
| Q3 24 | 18.8% | 66.6% | ||
| Q2 24 | 20.8% | 64.7% | ||
| Q1 24 | 16.8% | 58.4% |
营业利润率MATVRGLD
| Q4 25 | 2.2% | 56.2% | ||
| Q3 25 | 3.1% | 64.4% | ||
| Q2 25 | 3.8% | 67.7% | ||
| Q1 25 | -88.8% | 63.6% | ||
| Q4 24 | 0.6% | 65.9% | ||
| Q3 24 | 1.4% | 61.3% | ||
| Q2 24 | 2.0% | 58.6% | ||
| Q1 24 | -2.8% | 50.7% |
净利率MATVRGLD
| Q4 25 | 21.8% | 24.9% | ||
| Q3 25 | -0.6% | 50.3% | ||
| Q2 25 | -1.8% | 63.1% | ||
| Q1 25 | -87.8% | 58.7% | ||
| Q4 24 | 0.3% | 53.0% | ||
| Q3 24 | -4.2% | 49.7% | ||
| Q2 24 | -0.3% | 46.6% | ||
| Q1 24 | -5.6% | 31.7% |
每股收益（稀释后）MATVRGLD
| Q4 25 | $1.87 | $1.04 | ||
| Q3 25 | $-0.06 | $1.92 | ||
| Q2 25 | $-0.18 | $2.01 | ||
| Q1 25 | $-7.82 | $1.72 | ||
| Q4 24 | $0.03 | $1.63 | ||
| Q3 24 | $-0.38 | $1.46 | ||
| Q2 24 | $-0.03 | $1.23 | ||
| Q1 24 | $-0.52 | $0.72 |
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 | $233.7M |
| 总债务越低越好 | $1.0B | — |
| 股东权益账面价值 | $498.7M | $7.2B |
| 总资产 | $2.1B | $9.5B |
| 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MATVRGLD
| Q4 25 | $84.2M | $233.7M | ||
| Q3 25 | $97.1M | $172.8M | ||
| Q2 25 | $95.6M | $248.2M | ||
| Q1 25 | $84.0M | $240.8M | ||
| Q4 24 | $94.3M | $195.5M | ||
| Q3 24 | $162.2M | $127.9M | ||
| Q2 24 | $133.4M | $74.2M | ||
| Q1 24 | $128.9M | $137.9M |
总债务MATVRGLD
| Q4 25 | $1.0B | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.2B | $0 | ||
| Q2 24 | $1.2B | $50.0M | ||
| Q1 24 | $1.2B | — |
股东权益MATVRGLD
| Q4 25 | $498.7M | $7.2B | ||
| Q3 25 | $397.4M | $3.4B | ||
| Q2 25 | $416.6M | $3.3B | ||
| Q1 25 | $428.2M | $3.2B | ||
| Q4 24 | $858.5M | $3.1B | ||
| Q3 24 | $882.3M | $3.0B | ||
| Q2 24 | $898.0M | $3.0B | ||
| Q1 24 | $906.9M | $2.9B |
总资产MATVRGLD
| Q4 25 | $2.1B | $9.5B | ||
| Q3 25 | $2.0B | $4.5B | ||
| Q2 25 | $2.1B | $3.6B | ||
| Q1 25 | $2.1B | $3.5B | ||
| Q4 24 | $2.4B | $3.4B | ||
| Q3 24 | $2.6B | $3.3B | ||
| Q2 24 | $2.6B | $3.3B | ||
| Q1 24 | $2.7B | $3.3B |
负债/权益比MATVRGLD
| Q4 25 | 2.07× | — | ||
| Q3 25 | 2.63× | — | ||
| Q2 25 | 2.66× | — | ||
| Q1 25 | 2.67× | — | ||
| Q4 24 | 1.30× | — | ||
| Q3 24 | 1.32× | 0.00× | ||
| Q2 24 | 1.29× | 0.02× | ||
| 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 | $241.7M |
| 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× | 2.58× |
| 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MATVRGLD
| Q4 25 | $19.3M | $241.7M | ||
| Q3 25 | $72.8M | $174.0M | ||
| Q2 25 | $57.6M | $152.8M | ||
| Q1 25 | $-15.9M | $136.4M | ||
| Q4 24 | $24.1M | $141.1M | ||
| Q3 24 | $37.6M | $136.7M | ||
| Q2 24 | $46.1M | $113.5M | ||
| Q1 24 | $-13.0M | $138.3M |
自由现金流MATVRGLD
| 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MATVRGLD
| 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MATVRGLD
| 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MATVRGLD
| Q4 25 | 0.19× | 2.58× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 1.15× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | 16.07× | 1.31× | ||
| Q3 24 | — | 1.42× | ||
| Q2 24 | — | 1.40× | ||
| Q1 24 | — | 2.93× |
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% |
RGLD
| Gold | $216.9M | 58% |
| Pueblo Viejo | $47.3M | 13% |
| Andacollo | $32.6M | 9% |
| Silver | $32.1M | 9% |
| Other | $27.2M | 7% |
| Copper | $13.7M | 4% |
| Cortez Legacy Zone | $5.4M | 1% |
