vs
Mativ Holdings, Inc.（MATV）与SPORTSMAN'S WAREHOUSE HOLDINGS, INC.（SPWH）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SPORTSMAN'S WAREHOUSE HOLDINGS, INC.的1.4倍（$463.1M vs $331.3M），Mativ Holdings, Inc.净利率更高（21.8% vs 0.0%，领先21.8%），SPORTSMAN'S WAREHOUSE HOLDINGS, INC.同比增速更快（2.2% vs 1.0%），SPORTSMAN'S WAREHOUSE HOLDINGS, INC.自由现金流更多（$8.7M vs $8.0M），过去两年Mativ Holdings, Inc.的营收复合增速更高（-3.8% vs -5.4%）
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。
运动员仓库控股（Sportsman's Warehouse）是美国户外体育用品零售商，门店遍布全美29个州，主要面向狩猎、射击、露营、垂钓等各类户外休闲运动爱好者，销售户外服饰、鞋履及专业运动装备。
MATV vs SPWH — 直观对比
营收规模更大
MATV
是对方的1.4倍
$331.3M
营收增速更快
SPWH
高出1.2%
1.0%
净利率更高
MATV
高出21.8%
0.0%
自由现金流更多
SPWH
多$743.0K
$8.0M
两年增速更快
MATV
近两年复合增速
-5.4%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $463.1M | $331.3M |
| 净利润 | $100.8M | $8.0K |
| 毛利率 | 18.8% | 32.8% |
| 营业利润率 | 2.2% | 1.3% |
| 净利率 | 21.8% | 0.0% |
| 营收同比 | 1.0% | 2.2% |
| 净利润同比 | 6620.0% | -97.8% |
| 每股收益（稀释后） | $1.87 | $0.00 |
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MATVSPWH
| Q4 25 | $463.1M | $331.3M | ||
| Q3 25 | $513.7M | $293.9M | ||
| Q2 25 | $525.4M | $249.1M | ||
| Q1 25 | $484.8M | $340.4M | ||
| Q4 24 | $458.6M | $324.3M | ||
| Q3 24 | $498.5M | $288.7M | ||
| Q2 24 | $523.8M | $244.2M | ||
| Q1 24 | $500.2M | $370.4M |
净利润MATVSPWH
| Q4 25 | $100.8M | $8.0K | ||
| Q3 25 | $-3.2M | $-7.1M | ||
| Q2 25 | $-9.5M | $-21.3M | ||
| Q1 25 | $-425.5M | $-8.7M | ||
| Q4 24 | $1.5M | $-364.0K | ||
| Q3 24 | $-20.8M | $-5.9M | ||
| Q2 24 | $-1.4M | $-18.1M | ||
| Q1 24 | $-28.0M | $-8.7M |
毛利率MATVSPWH
| Q4 25 | 18.8% | 32.8% | ||
| Q3 25 | 19.3% | 32.0% | ||
| Q2 25 | 19.7% | 30.4% | ||
| Q1 25 | 15.0% | 30.4% | ||
| Q4 24 | 16.9% | 31.8% | ||
| Q3 24 | 18.8% | 31.2% | ||
| Q2 24 | 20.8% | 30.2% | ||
| Q1 24 | 16.8% | 26.8% |
营业利润率MATVSPWH
| Q4 25 | 2.2% | 1.3% | ||
| Q3 25 | 3.1% | -1.1% | ||
| Q2 25 | 3.8% | -7.9% | ||
| Q1 25 | -88.8% | 1.1% | ||
| Q4 24 | 0.6% | 1.0% | ||
| Q3 24 | 1.4% | -1.5% | ||
| Q2 24 | 2.0% | -8.4% | ||
| Q1 24 | -2.8% | -2.1% |
净利率MATVSPWH
| Q4 25 | 21.8% | 0.0% | ||
| Q3 25 | -0.6% | -2.4% | ||
| Q2 25 | -1.8% | -8.5% | ||
| Q1 25 | -87.8% | -2.6% | ||
| Q4 24 | 0.3% | -0.1% | ||
| Q3 24 | -4.2% | -2.0% | ||
| Q2 24 | -0.3% | -7.4% | ||
| Q1 24 | -5.6% | -2.4% |
每股收益（稀释后）MATVSPWH
| Q4 25 | $1.87 | $0.00 | ||
| Q3 25 | $-0.06 | $-0.18 | ||
| Q2 25 | $-0.18 | $-0.56 | ||
| Q1 25 | $-7.82 | $-0.22 | ||
| Q4 24 | $0.03 | $-0.01 | ||
| Q3 24 | $-0.38 | $-0.16 | ||
| Q2 24 | $-0.03 | $-0.48 | ||
| Q1 24 | $-0.52 | $-0.22 |
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 | $2.2M |
| 总债务越低越好 | $1.0B | $44.0M |
| 股东权益账面价值 | $498.7M | $209.5M |
| 总资产 | $2.1B | $913.9M |
| 负债/权益比越低杠杆越低 | 2.07× | 0.21× |
8季度趋势，按日历期对齐
现金及短期投资MATVSPWH
| Q4 25 | $84.2M | $2.2M | ||
| Q3 25 | $97.1M | $1.8M | ||
| Q2 25 | $95.6M | $3.6M | ||
| Q1 25 | $84.0M | $2.8M | ||
| Q4 24 | $94.3M | $2.7M | ||
| Q3 24 | $162.2M | $2.6M | ||
| Q2 24 | $133.4M | $2.2M | ||
| Q1 24 | $128.9M | $3.1M |
总债务MATVSPWH
| Q4 25 | $1.0B | $44.0M | ||
| Q3 25 | $1.0B | $43.9M | ||
| Q2 25 | $1.1B | $24.1M | ||
| Q1 25 | $1.1B | $24.1M | ||
| Q4 24 | $1.1B | $24.0M | ||
| Q3 24 | $1.2B | $24.0M | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
股东权益MATVSPWH
| Q4 25 | $498.7M | $209.5M | ||
| Q3 25 | $397.4M | $208.9M | ||
| Q2 25 | $416.6M | $215.1M | ||
| Q1 25 | $428.2M | $235.7M | ||
| Q4 24 | $858.5M | $243.6M | ||
| Q3 24 | $882.3M | $243.0M | ||
| Q2 24 | $898.0M | $247.5M | ||
| Q1 24 | $906.9M | $264.6M |
总资产MATVSPWH
| Q4 25 | $2.1B | $913.9M | ||
| Q3 25 | $2.0B | $948.9M | ||
| Q2 25 | $2.1B | $929.7M | ||
| Q1 25 | $2.1B | $852.1M | ||
| Q4 24 | $2.4B | $967.7M | ||
| Q3 24 | $2.6B | $901.9M | ||
| Q2 24 | $2.6B | $930.4M | ||
| Q1 24 | $2.7B | $886.2M |
负债/权益比MATVSPWH
| Q4 25 | 2.07× | 0.21× | ||
| Q3 25 | 2.63× | 0.21× | ||
| Q2 25 | 2.66× | 0.11× | ||
| Q1 25 | 2.67× | 0.10× | ||
| Q4 24 | 1.30× | 0.10× | ||
| Q3 24 | 1.32× | 0.10× | ||
| 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 | $16.3M |
| 自由现金流经营现金流 - 资本支出 | $8.0M | $8.7M |
| 自由现金流率自由现金流/营收 | 1.7% | 2.6% |
| 资本支出强度资本支出/营收 | 2.4% | 2.3% |
| 现金转化率经营现金流/净利润 | 0.19× | 2038.00× |
| 过去12个月自由现金流最近4个季度 | $93.8M | $-39.7M |
8季度趋势，按日历期对齐
经营现金流MATVSPWH
| Q4 25 | $19.3M | $16.3M | ||
| Q3 25 | $72.8M | $-26.6M | ||
| Q2 25 | $57.6M | $-60.2M | ||
| Q1 25 | $-15.9M | $52.8M | ||
| Q4 24 | $24.1M | $-2.5M | ||
| Q3 24 | $37.6M | $18.5M | ||
| Q2 24 | $46.1M | $-34.6M | ||
| Q1 24 | $-13.0M | $68.9M |
自由现金流MATVSPWH
| Q4 25 | $8.0M | $8.7M | ||
| Q3 25 | $66.7M | $-33.9M | ||
| Q2 25 | $48.9M | $-64.0M | ||
| Q1 25 | $-29.8M | $49.6M | ||
| Q4 24 | $2.0M | $-6.2M | ||
| Q3 24 | $25.5M | $14.1M | ||
| Q2 24 | $37.4M | $-38.0M | ||
| Q1 24 | $-25.1M | $60.2M |
自由现金流率MATVSPWH
| Q4 25 | 1.7% | 2.6% | ||
| Q3 25 | 13.0% | -11.5% | ||
| Q2 25 | 9.3% | -25.7% | ||
| Q1 25 | -6.1% | 14.6% | ||
| Q4 24 | 0.4% | -1.9% | ||
| Q3 24 | 5.1% | 4.9% | ||
| Q2 24 | 7.1% | -15.5% | ||
| Q1 24 | -5.0% | 16.2% |
资本支出强度MATVSPWH
| Q4 25 | 2.4% | 2.3% | ||
| Q3 25 | 1.2% | 2.5% | ||
| Q2 25 | 1.7% | 1.5% | ||
| Q1 25 | 2.9% | 1.0% | ||
| Q4 24 | 4.8% | 1.1% | ||
| Q3 24 | 2.4% | 1.5% | ||
| Q2 24 | 1.7% | 1.4% | ||
| Q1 24 | 2.4% | 2.4% |
现金转化率MATVSPWH
| Q4 25 | 0.19× | 2038.00× | ||
| 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% |
SPWH
暂无分部数据
