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Mativ Holdings, Inc.（MATV）与RAYONIER INC（RYN）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RAYONIER INC的1.7倍（$463.1M vs $276.8M），Mativ Holdings, Inc.净利率更高（21.8% vs -4.5%，领先26.2%），RAYONIER INC同比增速更快（233.9% vs 1.0%），过去两年RAYONIER INC的营收复合增速更高（66.7% 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。
Rayonier Inc.是总部位于佛罗里达州怀尔德莱特的林地房地产投资信托（REIT），资产分布在美国和新西兰的软木种植区域，核心业务板块为木材业务与房地产业务。
MATV vs RYN — 直观对比
营收规模更大
MATV
是对方的1.7倍
$276.8M
营收增速更快
RYN
高出232.9%
1.0%
净利率更高
MATV
高出26.2%
-4.5%
两年增速更快
RYN
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $463.1M | $276.8M |
| 净利润 | $100.8M | $-12.4M |
| 毛利率 | 18.8% | 100.0% |
| 营业利润率 | 2.2% | — |
| 净利率 | 21.8% | -4.5% |
| 营收同比 | 1.0% | 233.9% |
| 净利润同比 | 6620.0% | -264.7% |
| 每股收益（稀释后） | $1.87 | — |
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MATVRYN
| Q1 26 | — | $276.8M | ||
| Q4 25 | $463.1M | $117.5M | ||
| Q3 25 | $513.7M | $177.5M | ||
| Q2 25 | $525.4M | $106.5M | ||
| Q1 25 | $484.8M | $82.9M | ||
| Q4 24 | $458.6M | $650.5M | ||
| Q3 24 | $498.5M | $124.1M | ||
| Q2 24 | $523.8M | $99.6M |
净利润MATVRYN
| Q1 26 | — | $-12.4M | ||
| Q4 25 | $100.8M | $25.9M | ||
| Q3 25 | $-3.2M | $43.2M | ||
| Q2 25 | $-9.5M | $408.7M | ||
| Q1 25 | $-425.5M | $-3.4M | ||
| Q4 24 | $1.5M | $327.1M | ||
| Q3 24 | $-20.8M | $28.8M | ||
| Q2 24 | $-1.4M | $1.9M |
毛利率MATVRYN
| Q1 26 | — | 100.0% | ||
| Q4 25 | 18.8% | 41.9% | ||
| Q3 25 | 19.3% | 32.9% | ||
| Q2 25 | 19.7% | 29.7% | ||
| Q1 25 | 15.0% | 21.7% | ||
| Q4 24 | 16.9% | 53.8% | ||
| Q3 24 | 18.8% | 30.4% | ||
| Q2 24 | 20.8% | 25.4% |
营业利润率MATVRYN
| Q1 26 | — | — | ||
| Q4 25 | 2.2% | 23.0% | ||
| Q3 25 | 3.1% | 23.5% | ||
| Q2 25 | 3.8% | 13.7% | ||
| Q1 25 | -88.8% | 0.1% | ||
| Q4 24 | 0.6% | 47.7% | ||
| Q3 24 | 1.4% | 15.2% | ||
| Q2 24 | 2.0% | 4.6% |
净利率MATVRYN
| Q1 26 | — | -4.5% | ||
| Q4 25 | 21.8% | 22.1% | ||
| Q3 25 | -0.6% | 24.3% | ||
| Q2 25 | -1.8% | 383.6% | ||
| Q1 25 | -87.8% | -4.1% | ||
| Q4 24 | 0.3% | 45.1% | ||
| Q3 24 | -4.2% | 23.2% | ||
| Q2 24 | -0.3% | 1.9% |
每股收益（稀释后）MATVRYN
| Q1 26 | — | — | ||
| Q4 25 | $1.87 | $0.14 | ||
| Q3 25 | $-0.06 | $0.28 | ||
| Q2 25 | $-0.18 | $2.63 | ||
| Q1 25 | $-7.82 | $-0.02 | ||
| Q4 24 | $0.03 | $2.18 | ||
| Q3 24 | $-0.38 | $0.19 | ||
| Q2 24 | $-0.03 | $0.01 |
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 | $681.7M |
| 总债务越低越好 | $1.0B | $2.1B |
| 股东权益账面价值 | $498.7M | $5.3B |
| 总资产 | $2.1B | $7.7B |
| 负债/权益比越低杠杆越低 | 2.07× | 0.39× |
8季度趋势，按日历期对齐
现金及短期投资MATVRYN
| Q1 26 | — | $681.7M | ||
| Q4 25 | $84.2M | $842.9M | ||
| Q3 25 | $97.1M | $919.6M | ||
| Q2 25 | $95.6M | $892.3M | ||
| Q1 25 | $84.0M | $216.2M | ||
| Q4 24 | $94.3M | $303.1M | ||
| Q3 24 | $162.2M | $51.9M | ||
| Q2 24 | $133.4M | $120.2M |
总债务MATVRYN
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.0B | $845.3M | ||
| Q3 25 | $1.0B | $845.1M | ||
| Q2 25 | $1.1B | $844.9M | ||
| Q1 25 | $1.1B | $1.0B | ||
| Q4 24 | $1.1B | $1.0B | ||
| Q3 24 | $1.2B | $1.3B | ||
| Q2 24 | $1.2B | $1.4B |
股东权益MATVRYN
| Q1 26 | — | $5.3B | ||
| Q4 25 | $498.7M | $2.2B | ||
| Q3 25 | $397.4M | $2.3B | ||
| Q2 25 | $416.6M | $2.3B | ||
| Q1 25 | $428.2M | $1.9B | ||
| Q4 24 | $858.5M | $1.8B | ||
| Q3 24 | $882.3M | $1.8B | ||
| Q2 24 | $898.0M | $1.8B |
总资产MATVRYN
| Q1 26 | — | $7.7B | ||
| Q4 25 | $2.1B | $3.4B | ||
| Q3 25 | $2.0B | $3.5B | ||
| Q2 25 | $2.1B | $3.5B | ||
| Q1 25 | $2.1B | $3.4B | ||
| Q4 24 | $2.4B | $3.5B | ||
| Q3 24 | $2.6B | $3.5B | ||
| Q2 24 | $2.6B | $3.5B |
负债/权益比MATVRYN
| Q1 26 | — | 0.39× | ||
| Q4 25 | 2.07× | 0.38× | ||
| Q3 25 | 2.63× | 0.37× | ||
| Q2 25 | 2.66× | 0.37× | ||
| Q1 25 | 2.67× | 0.55× | ||
| Q4 24 | 1.30× | 0.59× | ||
| Q3 24 | 1.32× | 0.72× | ||
| Q2 24 | 1.29× | 0.75× |
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% | 7.4% |
| 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MATVRYN
| Q1 26 | — | — | ||
| Q4 25 | $19.3M | $256.7M | ||
| Q3 25 | $72.8M | $116.2M | ||
| Q2 25 | $57.6M | $61.0M | ||
| Q1 25 | $-15.9M | $27.7M | ||
| Q4 24 | $24.1M | $261.6M | ||
| Q3 24 | $37.6M | $66.2M | ||
| Q2 24 | $46.1M | $55.3M |
自由现金流MATVRYN
| Q1 26 | — | — | ||
| Q4 25 | $8.0M | — | ||
| Q3 25 | $66.7M | $99.9M | ||
| Q2 25 | $48.9M | — | ||
| Q1 25 | $-29.8M | — | ||
| Q4 24 | $2.0M | — | ||
| Q3 24 | $25.5M | $42.2M | ||
| Q2 24 | $37.4M | — |
自由现金流率MATVRYN
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | — | ||
| Q3 25 | 13.0% | 56.3% | ||
| Q2 25 | 9.3% | — | ||
| Q1 25 | -6.1% | — | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 5.1% | 34.0% | ||
| Q2 24 | 7.1% | — |
资本支出强度MATVRYN
| Q1 26 | — | 7.4% | ||
| Q4 25 | 2.4% | — | ||
| Q3 25 | 1.2% | 9.2% | ||
| Q2 25 | 1.7% | — | ||
| Q1 25 | 2.9% | — | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | 2.4% | 19.3% | ||
| Q2 24 | 1.7% | — |
现金转化率MATVRYN
| Q1 26 | — | — | ||
| Q4 25 | 0.19× | 9.91× | ||
| Q3 25 | — | 2.69× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | — | ||
| Q4 24 | 16.07× | 0.80× | ||
| Q3 24 | — | 2.30× | ||
| Q2 24 | — | 29.07× |
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% |
RYN
| Wood Products | $108.5M | 39% |
| Southern Timber | $88.7M | 32% |
| Real Estate | $59.8M | 22% |
| Northwest Timber | $32.1M | 12% |
