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Mativ Holdings, Inc.（MATV）与印度钢铁管理局（SAIL）财务数据对比。点击上方公司名可切换其他公司
Mativ Holdings, Inc.的季度营收约是印度钢铁管理局的1.6倍（$463.1M vs $281.9M），Mativ Holdings, Inc.净利率更高（21.8% vs -12.8%，领先34.5%），印度钢铁管理局同比增速更快（6.7% vs 1.0%），印度钢铁管理局自由现金流更多（$52.5M vs $8.0M）
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。
印度钢铁管理局（SAIL）是总部位于新德里的印度公营钢铁制造企业，属印度最高级别的“马哈拉特纳”中央公共部门企业，是印度最大的国有钢铁生产商，年钢铁产量达1829万吨，1973年1月24日成立，现有员工5.1万余名，由印度钢铁部行政管理。
MATV vs SAIL — 直观对比
营收规模更大
MATV
是对方的1.6倍
$281.9M
营收增速更快
SAIL
高出5.7%
1.0%
净利率更高
MATV
高出34.5%
-12.8%
自由现金流更多
SAIL
多$44.5M
$8.0M
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $463.1M | $281.9M |
| 净利润 | $100.8M | $-36.0M |
| 毛利率 | 18.8% | 66.3% |
| 营业利润率 | 2.2% | -14.8% |
| 净利率 | 21.8% | -12.8% |
| 营收同比 | 1.0% | 6.7% |
| 净利润同比 | 6620.0% | -240.9% |
| 每股收益（稀释后） | $1.87 | $-0.06 |
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MATVSAIL
| Q4 25 | $463.1M | $281.9M | ||
| Q3 25 | $513.7M | $264.4M | ||
| Q2 25 | $525.4M | $230.5M | ||
| Q1 25 | $484.8M | $240.1M | ||
| Q4 24 | $458.6M | — | ||
| Q3 24 | $498.5M | $198.6M | ||
| Q2 24 | $523.8M | $187.7M | ||
| Q1 24 | $500.2M | — |
净利润MATVSAIL
| Q4 25 | $100.8M | $-36.0M | ||
| Q3 25 | $-3.2M | $-10.6M | ||
| Q2 25 | $-9.5M | $-187.3M | ||
| Q1 25 | $-425.5M | $-80.1M | ||
| Q4 24 | $1.5M | — | ||
| Q3 24 | $-20.8M | $-87.1M | ||
| Q2 24 | $-1.4M | $-89.2M | ||
| Q1 24 | $-28.0M | — |
毛利率MATVSAIL
| Q4 25 | 18.8% | 66.3% | ||
| Q3 25 | 19.3% | 67.3% | ||
| Q2 25 | 19.7% | 55.4% | ||
| Q1 25 | 15.0% | 66.5% | ||
| Q4 24 | 16.9% | — | ||
| Q3 24 | 18.8% | 62.1% | ||
| Q2 24 | 20.8% | 61.5% | ||
| Q1 24 | 16.8% | — |
营业利润率MATVSAIL
| Q4 25 | 2.2% | -14.8% | ||
| Q3 25 | 3.1% | -15.4% | ||
| Q2 25 | 3.8% | -80.3% | ||
| Q1 25 | -88.8% | -12.6% | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | 1.4% | -33.2% | ||
| Q2 24 | 2.0% | -36.3% | ||
| Q1 24 | -2.8% | — |
净利率MATVSAIL
| Q4 25 | 21.8% | -12.8% | ||
| Q3 25 | -0.6% | -4.0% | ||
| Q2 25 | -1.8% | -81.3% | ||
| Q1 25 | -87.8% | -33.4% | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | -4.2% | -43.9% | ||
| Q2 24 | -0.3% | -47.5% | ||
| Q1 24 | -5.6% | — |
每股收益（稀释后）MATVSAIL
| Q4 25 | $1.87 | $-0.06 | ||
| Q3 25 | $-0.06 | $-0.02 | ||
| Q2 25 | $-0.18 | $-0.42 | ||
| Q1 25 | $-7.82 | $-6.50 | ||
| Q4 24 | $0.03 | — | ||
| Q3 24 | $-0.38 | $-2.97 | ||
| Q2 24 | $-0.03 | $-0.77 | ||
| Q1 24 | $-0.52 | — |
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 | $298.1M |
| 总债务越低越好 | $1.0B | $0 |
| 股东权益账面价值 | $498.7M | $6.8B |
| 总资产 | $2.1B | $7.5B |
| 负债/权益比越低杠杆越低 | 2.07× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资MATVSAIL
| Q4 25 | $84.2M | $298.1M | ||
| Q3 25 | $97.1M | $271.1M | ||
| Q2 25 | $95.6M | $228.1M | ||
| Q1 25 | $84.0M | $121.3M | ||
| Q4 24 | $94.3M | — | ||
| Q3 24 | $162.2M | $89.7M | ||
| Q2 24 | $133.4M | $146.8M | ||
| Q1 24 | $128.9M | — |
总债务MATVSAIL
| Q4 25 | $1.0B | $0 | ||
| Q3 25 | $1.0B | $0 | ||
| Q2 25 | $1.1B | $0 | ||
| Q1 25 | $1.1B | $1.0B | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
股东权益MATVSAIL
| Q4 25 | $498.7M | $6.8B | ||
| Q3 25 | $397.4M | $6.8B | ||
| Q2 25 | $416.6M | $6.8B | ||
| Q1 25 | $428.2M | $-5.6B | ||
| Q4 24 | $858.5M | — | ||
| Q3 24 | $882.3M | $-701.3M | ||
| Q2 24 | $898.0M | $-622.5M | ||
| Q1 24 | $906.9M | — |
总资产MATVSAIL
| Q4 25 | $2.1B | $7.5B | ||
| Q3 25 | $2.0B | $7.4B | ||
| Q2 25 | $2.1B | $7.4B | ||
| Q1 25 | $2.1B | $7.4B | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.6B | — | ||
| Q2 24 | $2.6B | — | ||
| Q1 24 | $2.7B | — |
负债/权益比MATVSAIL
| Q4 25 | 2.07× | 0.00× | ||
| Q3 25 | 2.63× | 0.00× | ||
| Q2 25 | 2.66× | 0.00× | ||
| 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 | $53.6M |
| 自由现金流经营现金流 - 资本支出 | $8.0M | $52.5M |
| 自由现金流率自由现金流/营收 | 1.7% | 18.6% |
| 资本支出强度资本支出/营收 | 2.4% | 0.4% |
| 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MATVSAIL
| Q4 25 | $19.3M | $53.6M | ||
| Q3 25 | $72.8M | $49.9M | ||
| Q2 25 | $57.6M | $-96.8M | ||
| Q1 25 | $-15.9M | — | ||
| Q4 24 | $24.1M | — | ||
| Q3 24 | $37.6M | — | ||
| Q2 24 | $46.1M | $-55.4M | ||
| Q1 24 | $-13.0M | — |
自由现金流MATVSAIL
| Q4 25 | $8.0M | $52.5M | ||
| Q3 25 | $66.7M | $49.0M | ||
| Q2 25 | $48.9M | $-99.0M | ||
| Q1 25 | $-29.8M | — | ||
| Q4 24 | $2.0M | — | ||
| Q3 24 | $25.5M | — | ||
| Q2 24 | $37.4M | $-56.0M | ||
| Q1 24 | $-25.1M | — |
自由现金流率MATVSAIL
| Q4 25 | 1.7% | 18.6% | ||
| Q3 25 | 13.0% | 18.5% | ||
| Q2 25 | 9.3% | -43.0% | ||
| Q1 25 | -6.1% | — | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 5.1% | — | ||
| Q2 24 | 7.1% | -29.8% | ||
| Q1 24 | -5.0% | — |
资本支出强度MATVSAIL
| Q4 25 | 2.4% | 0.4% | ||
| Q3 25 | 1.2% | 0.4% | ||
| Q2 25 | 1.7% | 1.0% | ||
| Q1 25 | 2.9% | — | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | 1.7% | 0.3% | ||
| Q1 24 | 2.4% | — |
现金转化率MATVSAIL
| Q4 25 | 0.19× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 16.07× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
SAIL
| Software As A Service Saa S | $156.0M | 55% |
| Term Subscriptions Services | $65.1M | 23% |
| Maintenance | $38.0M | 13% |
| Other | $15.7M | 6% |
| Other Subscription Services | $7.1M | 3% |
