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Mativ Holdings, Inc.（MATV）与RH（RH）财务数据对比。点击上方公司名可切换其他公司
RH的季度营收约是Mativ Holdings, Inc.的1.9倍（$883.8M vs $463.1M），Mativ Holdings, Inc.净利率更高（21.8% vs 4.1%，领先17.7%），RH同比增速更快（8.9% vs 1.0%），RH自由现金流更多（$83.0M vs $8.0M），过去两年RH的营收复合增速更高（9.4% 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。
RH是美国高端家居品牌，总部位于加利福尼亚州科尔特马德拉。品牌通过线下零售门店、产品目录和线上渠道发售家居商品，截至2018年8月，在美国和加拿大共运营70家展示馆、18家全系列设计展示馆、3家婴童家居展示馆，另有36家奥莱门店。
MATV vs RH — 直观对比
营收规模更大
RH
是对方的1.9倍
$463.1M
营收增速更快
RH
高出7.9%
1.0%
净利率更高
MATV
高出17.7%
4.1%
自由现金流更多
RH
多$75.0M
$8.0M
两年增速更快
RH
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $463.1M | $883.8M |
| 净利润 | $100.8M | $36.3M |
| 毛利率 | 18.8% | 44.1% |
| 营业利润率 | 2.2% | 12.0% |
| 净利率 | 21.8% | 4.1% |
| 营收同比 | 1.0% | 8.9% |
| 净利润同比 | 6620.0% | 9.3% |
| 每股收益（稀释后） | $1.87 | $1.83 |
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MATVRH
| Q4 25 | $463.1M | $883.8M | ||
| Q3 25 | $513.7M | $899.2M | ||
| Q2 25 | $525.4M | $814.0M | ||
| Q1 25 | $484.8M | $812.4M | ||
| Q4 24 | $458.6M | $811.7M | ||
| Q3 24 | $498.5M | $829.7M | ||
| Q2 24 | $523.8M | $727.0M | ||
| Q1 24 | $500.2M | $738.3M |
净利润MATVRH
| Q4 25 | $100.8M | $36.3M | ||
| Q3 25 | $-3.2M | $51.7M | ||
| Q2 25 | $-9.5M | $8.0M | ||
| Q1 25 | $-425.5M | $13.9M | ||
| Q4 24 | $1.5M | $33.2M | ||
| Q3 24 | $-20.8M | $29.0M | ||
| Q2 24 | $-1.4M | $-3.6M | ||
| Q1 24 | $-28.0M | $11.4M |
毛利率MATVRH
| Q4 25 | 18.8% | 44.1% | ||
| Q3 25 | 19.3% | 45.5% | ||
| Q2 25 | 19.7% | 43.7% | ||
| Q1 25 | 15.0% | 44.7% | ||
| Q4 24 | 16.9% | 44.5% | ||
| Q3 24 | 18.8% | 45.2% | ||
| Q2 24 | 20.8% | 43.5% | ||
| Q1 24 | 16.8% | 43.5% |
营业利润率MATVRH
| Q4 25 | 2.2% | 12.0% | ||
| Q3 25 | 3.1% | 14.3% | ||
| Q2 25 | 3.8% | 6.9% | ||
| Q1 25 | -88.8% | 8.7% | ||
| Q4 24 | 0.6% | 12.5% | ||
| Q3 24 | 1.4% | 11.6% | ||
| Q2 24 | 2.0% | 7.5% | ||
| Q1 24 | -2.8% | 8.7% |
净利率MATVRH
| Q4 25 | 21.8% | 4.1% | ||
| Q3 25 | -0.6% | 5.8% | ||
| Q2 25 | -1.8% | 1.0% | ||
| Q1 25 | -87.8% | 1.7% | ||
| Q4 24 | 0.3% | 4.1% | ||
| Q3 24 | -4.2% | 3.5% | ||
| Q2 24 | -0.3% | -0.5% | ||
| Q1 24 | -5.6% | 1.5% |
每股收益（稀释后）MATVRH
| Q4 25 | $1.87 | $1.83 | ||
| Q3 25 | $-0.06 | $2.62 | ||
| Q2 25 | $-0.18 | $0.40 | ||
| Q1 25 | $-7.82 | $0.71 | ||
| Q4 24 | $0.03 | $1.66 | ||
| Q3 24 | $-0.38 | $1.45 | ||
| Q2 24 | $-0.03 | $-0.20 | ||
| Q1 24 | $-0.52 | $0.91 |
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 | $43.1M |
| 总债务越低越好 | $1.0B | — |
| 股东权益账面价值 | $498.7M | $3.3M |
| 总资产 | $2.1B | $4.8B |
| 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MATVRH
| Q4 25 | $84.2M | $43.1M | ||
| Q3 25 | $97.1M | $34.6M | ||
| Q2 25 | $95.6M | $46.1M | ||
| Q1 25 | $84.0M | $30.4M | ||
| Q4 24 | $94.3M | $87.0M | ||
| Q3 24 | $162.2M | $78.3M | ||
| Q2 24 | $133.4M | $101.8M | ||
| Q1 24 | $128.9M | $123.7M |
总债务MATVRH
| Q4 25 | $1.0B | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
股东权益MATVRH
| Q4 25 | $498.7M | $3.3M | ||
| Q3 25 | $397.4M | $-40.9M | ||
| Q2 25 | $416.6M | $-110.8M | ||
| Q1 25 | $428.2M | $-163.6M | ||
| Q4 24 | $858.5M | $-183.0M | ||
| Q3 24 | $882.3M | $-234.7M | ||
| Q2 24 | $898.0M | $-289.9M | ||
| Q1 24 | $906.9M | $-297.4M |
总资产MATVRH
| Q4 25 | $2.1B | $4.8B | ||
| Q3 25 | $2.0B | $4.7B | ||
| Q2 25 | $2.1B | $4.7B | ||
| Q1 25 | $2.1B | $4.6B | ||
| Q4 24 | $2.4B | $4.5B | ||
| Q3 24 | $2.6B | $4.4B | ||
| Q2 24 | $2.6B | $4.2B | ||
| Q1 24 | $2.7B | $4.1B |
负债/权益比MATVRH
| Q4 25 | 2.07× | — | ||
| Q3 25 | 2.63× | — | ||
| Q2 25 | 2.66× | — | ||
| Q1 25 | 2.67× | — | ||
| Q4 24 | 1.30× | — | ||
| 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 | $131.9M |
| 自由现金流经营现金流 - 资本支出 | $8.0M | $83.0M |
| 自由现金流率自由现金流/营收 | 1.7% | 9.4% |
| 资本支出强度资本支出/营收 | 2.4% | 5.5% |
| 现金转化率经营现金流/净利润 | 0.19× | 3.64× |
| 过去12个月自由现金流最近4个季度 | $93.8M | $128.1M |
8季度趋势，按日历期对齐
经营现金流MATVRH
| Q4 25 | $19.3M | $131.9M | ||
| Q3 25 | $72.8M | $137.7M | ||
| Q2 25 | $57.6M | $86.6M | ||
| Q1 25 | $-15.9M | $-18.8M | ||
| Q4 24 | $24.1M | $-31.4M | ||
| Q3 24 | $37.6M | $11.2M | ||
| Q2 24 | $46.1M | $56.1M | ||
| Q1 24 | $-13.0M | $-114.0M |
自由现金流MATVRH
| Q4 25 | $8.0M | $83.0M | ||
| Q3 25 | $66.7M | $80.7M | ||
| Q2 25 | $48.9M | $34.1M | ||
| Q1 25 | $-29.8M | $-69.7M | ||
| Q4 24 | $2.0M | $-96.0M | ||
| Q3 24 | $25.5M | $-37.9M | ||
| Q2 24 | $37.4M | $-10.1M | ||
| Q1 24 | $-25.1M | $-251.5M |
自由现金流率MATVRH
| Q4 25 | 1.7% | 9.4% | ||
| Q3 25 | 13.0% | 9.0% | ||
| Q2 25 | 9.3% | 4.2% | ||
| Q1 25 | -6.1% | -8.6% | ||
| Q4 24 | 0.4% | -11.8% | ||
| Q3 24 | 5.1% | -4.6% | ||
| Q2 24 | 7.1% | -1.4% | ||
| Q1 24 | -5.0% | -34.1% |
资本支出强度MATVRH
| Q4 25 | 2.4% | 5.5% | ||
| Q3 25 | 1.2% | 6.3% | ||
| Q2 25 | 1.7% | 6.5% | ||
| Q1 25 | 2.9% | 6.3% | ||
| Q4 24 | 4.8% | 8.0% | ||
| Q3 24 | 2.4% | 5.9% | ||
| Q2 24 | 1.7% | 9.1% | ||
| Q1 24 | 2.4% | 18.6% |
现金转化率MATVRH
| Q4 25 | 0.19× | 3.64× | ||
| Q3 25 | — | 2.66× | ||
| Q2 25 | — | 10.78× | ||
| Q1 25 | — | -1.35× | ||
| Q4 24 | 16.07× | -0.95× | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -10.01× |
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% |
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
