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Mativ Holdings, Inc.（MATV）与永利度假村有限公司（RRR）财务数据对比。点击上方公司名可切换其他公司
永利度假村有限公司的季度营收约是Mativ Holdings, Inc.的1.1倍（$507.3M vs $463.1M），Mativ Holdings, Inc.净利率更高（21.8% vs 16.3%，领先5.5%），永利度假村有限公司同比增速更快（1.9% vs 1.0%），过去两年永利度假村有限公司的营收复合增速更高（2.1% 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。
永利度假村有限公司是总部位于美国内华达州帕拉代斯的上市企业，专注于高端酒店与赌场的开发及运营。公司由前梦幻度假村集团董事长兼首席执行官史蒂夫·永利于2002年创立，现任首席执行官为克雷格·比林斯，截至2020年共开发了6处物业。
MATV vs RRR — 直观对比
营收规模更大
RRR
是对方的1.1倍
$463.1M
营收增速更快
RRR
高出0.9%
1.0%
净利率更高
MATV
高出5.5%
16.3%
两年增速更快
RRR
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $463.1M | $507.3M |
| 净利润 | $100.8M | $82.7M |
| 毛利率 | 18.8% | — |
| 营业利润率 | 2.2% | 28.3% |
| 净利率 | 21.8% | 16.3% |
| 营收同比 | 1.0% | 1.9% |
| 净利润同比 | 6620.0% | -3.8% |
| 每股收益（稀释后） | $1.87 | $0.73 |
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MATVRRR
| Q1 26 | — | $507.3M | ||
| Q4 25 | $463.1M | $511.8M | ||
| Q3 25 | $513.7M | $475.6M | ||
| Q2 25 | $525.4M | $526.3M | ||
| Q1 25 | $484.8M | $497.9M | ||
| Q4 24 | $458.6M | $495.7M | ||
| Q3 24 | $498.5M | $468.0M | ||
| Q2 24 | $523.8M | $486.4M |
净利润MATVRRR
| Q1 26 | — | $82.7M | ||
| Q4 25 | $100.8M | $44.7M | ||
| Q3 25 | $-3.2M | $42.3M | ||
| Q2 25 | $-9.5M | $56.4M | ||
| Q1 25 | $-425.5M | $44.7M | ||
| Q4 24 | $1.5M | $46.6M | ||
| Q3 24 | $-20.8M | $29.0M | ||
| Q2 24 | $-1.4M | $35.7M |
毛利率MATVRRR
| Q1 26 | — | — | ||
| 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% | — |
营业利润率MATVRRR
| Q1 26 | — | 28.3% | ||
| Q4 25 | 2.2% | 28.1% | ||
| Q3 25 | 3.1% | 27.6% | ||
| Q2 25 | 3.8% | 31.9% | ||
| Q1 25 | -88.8% | 31.0% | ||
| Q4 24 | 0.6% | 28.7% | ||
| Q3 24 | 1.4% | 27.9% | ||
| Q2 24 | 2.0% | 28.8% |
净利率MATVRRR
| Q1 26 | — | 16.3% | ||
| Q4 25 | 21.8% | 8.7% | ||
| Q3 25 | -0.6% | 8.9% | ||
| Q2 25 | -1.8% | 10.7% | ||
| Q1 25 | -87.8% | 9.0% | ||
| Q4 24 | 0.3% | 9.4% | ||
| Q3 24 | -4.2% | 6.2% | ||
| Q2 24 | -0.3% | 7.3% |
每股收益（稀释后）MATVRRR
| Q1 26 | — | $0.73 | ||
| Q4 25 | $1.87 | $0.74 | ||
| Q3 25 | $-0.06 | $0.68 | ||
| Q2 25 | $-0.18 | $0.95 | ||
| Q1 25 | $-7.82 | $0.75 | ||
| Q4 24 | $0.03 | $0.78 | ||
| Q3 24 | $-0.38 | $0.48 | ||
| Q2 24 | $-0.03 | $0.59 |
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 | — |
| 总债务越低越好 | $1.0B | — |
| 股东权益账面价值 | $498.7M | — |
| 总资产 | $2.1B | — |
| 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MATVRRR
| Q1 26 | — | — | ||
| Q4 25 | $84.2M | $142.5M | ||
| Q3 25 | $97.1M | $129.8M | ||
| Q2 25 | $95.6M | $145.2M | ||
| Q1 25 | $84.0M | $150.6M | ||
| Q4 24 | $94.3M | $164.4M | ||
| Q3 24 | $162.2M | $117.5M | ||
| Q2 24 | $133.4M | $136.4M |
总债务MATVRRR
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $3.4B | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | $3.4B | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — |
股东权益MATVRRR
| Q1 26 | — | — | ||
| Q4 25 | $498.7M | $208.3M | ||
| Q3 25 | $397.4M | $219.6M | ||
| Q2 25 | $416.6M | $203.4M | ||
| Q1 25 | $428.2M | $247.1M | ||
| Q4 24 | $858.5M | $215.1M | ||
| Q3 24 | $882.3M | $175.5M | ||
| Q2 24 | $898.0M | $159.0M |
总资产MATVRRR
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | $4.2B | ||
| Q3 25 | $2.0B | $4.1B | ||
| Q2 25 | $2.1B | $4.0B | ||
| Q1 25 | $2.1B | $4.1B | ||
| Q4 24 | $2.4B | $4.0B | ||
| Q3 24 | $2.6B | $4.0B | ||
| Q2 24 | $2.6B | $4.0B |
负债/权益比MATVRRR
| Q1 26 | — | — | ||
| Q4 25 | 2.07× | 16.30× | ||
| Q3 25 | 2.63× | — | ||
| Q2 25 | 2.66× | — | ||
| Q1 25 | 2.67× | — | ||
| Q4 24 | 1.30× | 15.84× | ||
| Q3 24 | 1.32× | — | ||
| Q2 24 | 1.29× | — |
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 | — |
| 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× | — |
| 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MATVRRR
| Q1 26 | — | — | ||
| Q4 25 | $19.3M | $156.6M | ||
| Q3 25 | $72.8M | $168.3M | ||
| Q2 25 | $57.6M | $158.4M | ||
| Q1 25 | $-15.9M | $126.2M | ||
| Q4 24 | $24.1M | $148.2M | ||
| Q3 24 | $37.6M | $131.0M | ||
| Q2 24 | $46.1M | $142.5M |
自由现金流MATVRRR
| Q1 26 | — | — | ||
| Q4 25 | $8.0M | $77.7M | ||
| Q3 25 | $66.7M | $74.6M | ||
| Q2 25 | $48.9M | $80.3M | ||
| Q1 25 | $-29.8M | $58.0M | ||
| Q4 24 | $2.0M | $121.4M | ||
| Q3 24 | $25.5M | $50.7M | ||
| Q2 24 | $37.4M | $64.0M |
自由现金流率MATVRRR
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | 15.2% | ||
| Q3 25 | 13.0% | 15.7% | ||
| Q2 25 | 9.3% | 15.3% | ||
| Q1 25 | -6.1% | 11.6% | ||
| Q4 24 | 0.4% | 24.5% | ||
| Q3 24 | 5.1% | 10.8% | ||
| Q2 24 | 7.1% | 13.1% |
资本支出强度MATVRRR
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 15.4% | ||
| Q3 25 | 1.2% | 19.7% | ||
| Q2 25 | 1.7% | 14.9% | ||
| Q1 25 | 2.9% | 13.7% | ||
| Q4 24 | 4.8% | 5.4% | ||
| Q3 24 | 2.4% | 17.2% | ||
| Q2 24 | 1.7% | 16.2% |
现金转化率MATVRRR
| Q1 26 | — | — | ||
| Q4 25 | 0.19× | 3.51× | ||
| Q3 25 | — | 3.98× | ||
| Q2 25 | — | 2.81× | ||
| Q1 25 | — | 2.82× | ||
| Q4 24 | 16.07× | 3.18× | ||
| Q3 24 | — | 4.53× | ||
| Q2 24 | — | 4.00× |
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% |
RRR
| Casino | $340.5M | 67% |
| Food and beverage | $90.3M | 18% |
| Room | $45.5M | 9% |
| Other | $26.2M | 5% |
| Native American management and development fees | $4.7M | 1% |
