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Mativ Holdings, Inc.（MATV）与SLM Corp（SLM）财务数据对比。点击上方公司名可切换其他公司
SLM Corp的季度营收约是Mativ Holdings, Inc.的1.2倍（$560.0M vs $463.1M），SLM Corp净利率更高（55.0% vs 21.8%，领先33.2%），过去两年SLM Corp的营收复合增速更高（22.7% 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。
尼康旗下SLM Solutions AG总部位于德国吕贝克，是金属3D打印机领域的上市生产商，共同拥有SLM文字商标，集团股份自2014年5月9日起在法兰克福证券交易所高级市场板块挂牌交易。
MATV vs SLM — 直观对比
营收规模更大
SLM
是对方的1.2倍
$463.1M
净利率更高
SLM
高出33.2%
21.8%
两年增速更快
SLM
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $463.1M | $560.0M |
| 净利润 | $100.8M | $308.0M |
| 毛利率 | 18.8% | — |
| 营业利润率 | 2.2% | 69.6% |
| 净利率 | 21.8% | 55.0% |
| 营收同比 | 1.0% | — |
| 净利润同比 | 6620.0% | 1.0% |
| 每股收益（稀释后） | $1.87 | $1.54 |
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MATVSLM
| Q1 26 | — | $560.0M | ||
| Q4 25 | $463.1M | $377.1M | ||
| Q3 25 | $513.7M | $373.0M | ||
| Q2 25 | $525.4M | $376.8M | ||
| Q1 25 | $484.8M | $375.0M | ||
| Q4 24 | $458.6M | $362.2M | ||
| Q3 24 | $498.5M | $359.4M | ||
| Q2 24 | $523.8M | $372.2M |
净利润MATVSLM
| Q1 26 | — | $308.0M | ||
| Q4 25 | $100.8M | $233.2M | ||
| Q3 25 | $-3.2M | $135.8M | ||
| Q2 25 | $-9.5M | $71.3M | ||
| Q1 25 | $-425.5M | $304.5M | ||
| Q4 24 | $1.5M | $111.6M | ||
| Q3 24 | $-20.8M | $-45.2M | ||
| Q2 24 | $-1.4M | $252.0M |
毛利率MATVSLM
| 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MATVSLM
| Q1 26 | — | 69.6% | ||
| Q4 25 | 2.2% | 83.8% | ||
| Q3 25 | 3.1% | 49.8% | ||
| Q2 25 | 3.8% | 23.3% | ||
| Q1 25 | -88.8% | — | ||
| Q4 24 | 0.6% | 36.5% | ||
| Q3 24 | 1.4% | -16.6% | ||
| Q2 24 | 2.0% | 91.0% |
净利率MATVSLM
| Q1 26 | — | 55.0% | ||
| Q4 25 | 21.8% | 61.8% | ||
| Q3 25 | -0.6% | 36.4% | ||
| Q2 25 | -1.8% | 18.9% | ||
| Q1 25 | -87.8% | 81.2% | ||
| Q4 24 | 0.3% | 30.8% | ||
| Q3 24 | -4.2% | -12.6% | ||
| Q2 24 | -0.3% | 67.7% |
每股收益（稀释后）MATVSLM
| Q1 26 | — | $1.54 | ||
| Q4 25 | $1.87 | $1.11 | ||
| Q3 25 | $-0.06 | $0.63 | ||
| Q2 25 | $-0.18 | $0.32 | ||
| Q1 25 | $-7.82 | $1.40 | ||
| Q4 24 | $0.03 | $0.53 | ||
| Q3 24 | $-0.38 | $-0.23 | ||
| Q2 24 | $-0.03 | $1.11 |
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 | $5.2B |
| 总债务越低越好 | $1.0B | $6.2B |
| 股东权益账面价值 | $498.7M | $2.4B |
| 总资产 | $2.1B | $29.4B |
| 负债/权益比越低杠杆越低 | 2.07× | 2.53× |
8季度趋势，按日历期对齐
现金及短期投资MATVSLM
| Q1 26 | — | $5.2B | ||
| Q4 25 | $84.2M | $4.2B | ||
| Q3 25 | $97.1M | $3.5B | ||
| Q2 25 | $95.6M | $4.1B | ||
| Q1 25 | $84.0M | $3.7B | ||
| Q4 24 | $94.3M | $4.7B | ||
| Q3 24 | $162.2M | $4.5B | ||
| Q2 24 | $133.4M | $5.3B |
总债务MATVSLM
| Q1 26 | — | $6.2B | ||
| Q4 25 | $1.0B | $5.4B | ||
| Q3 25 | $1.0B | $6.8B | ||
| Q2 25 | $1.1B | $6.4B | ||
| Q1 25 | $1.1B | $6.1B | ||
| Q4 24 | $1.1B | $6.4B | ||
| Q3 24 | $1.2B | $6.0B | ||
| Q2 24 | $1.2B | $5.4B |
股东权益MATVSLM
| Q1 26 | — | $2.4B | ||
| Q4 25 | $498.7M | $2.5B | ||
| Q3 25 | $397.4M | $2.3B | ||
| Q2 25 | $416.6M | $2.4B | ||
| Q1 25 | $428.2M | $2.4B | ||
| Q4 24 | $858.5M | $2.2B | ||
| Q3 24 | $882.3M | $2.1B | ||
| Q2 24 | $898.0M | $2.3B |
总资产MATVSLM
| Q1 26 | — | $29.4B | ||
| Q4 25 | $2.1B | $29.7B | ||
| Q3 25 | $2.0B | $29.6B | ||
| Q2 25 | $2.1B | $29.6B | ||
| Q1 25 | $2.1B | $28.9B | ||
| Q4 24 | $2.4B | $30.1B | ||
| Q3 24 | $2.6B | $30.0B | ||
| Q2 24 | $2.6B | $28.8B |
负债/权益比MATVSLM
| Q1 26 | — | 2.53× | ||
| Q4 25 | 2.07× | 2.19× | ||
| Q3 25 | 2.63× | 2.92× | ||
| Q2 25 | 2.66× | 2.70× | ||
| Q1 25 | 2.67× | 2.56× | ||
| Q4 24 | 1.30× | 2.98× | ||
| Q3 24 | 1.32× | 2.83× | ||
| Q2 24 | 1.29× | 2.37× |
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MATVSLM
| Q1 26 | — | — | ||
| Q4 25 | $19.3M | $-64.5M | ||
| Q3 25 | $72.8M | $-49.3M | ||
| Q2 25 | $57.6M | $-138.7M | ||
| Q1 25 | $-15.9M | $-146.1M | ||
| Q4 24 | $24.1M | $4.5M | ||
| Q3 24 | $37.6M | $-113.4M | ||
| Q2 24 | $46.1M | $-143.8M |
自由现金流MATVSLM
| Q1 26 | — | — | ||
| 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 | — |
自由现金流率MATVSLM
| Q1 26 | — | — | ||
| 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% | — |
资本支出强度MATVSLM
| Q1 26 | — | — | ||
| 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% | — |
现金转化率MATVSLM
| Q1 26 | — | — | ||
| Q4 25 | 0.19× | -0.28× | ||
| Q3 25 | — | -0.36× | ||
| Q2 25 | — | -1.95× | ||
| Q1 25 | — | -0.48× | ||
| Q4 24 | 16.07× | 0.04× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -0.57× |
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% |
SLM
| Net Interest Income | $375.0M | 67% |
| Noninterest Income | $185.0M | 33% |
