vs
Mativ Holdings, Inc.（MATV）与Strategic Education, Inc.（STRA）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Strategic Education, Inc.的1.5倍（$463.1M vs $305.9M），Mativ Holdings, Inc.净利率更高（21.8% vs 10.7%，领先11.0%），Mativ Holdings, Inc.同比增速更快（1.0% vs 0.8%），Strategic Education, Inc.自由现金流更多（$77.3M vs $8.0M），过去两年Strategic Education, Inc.的营收复合增速更高（-1.0% 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。
Strategic Education, Inc.（简称SEI）是一家教育服务控股企业，前身为斯特雷尔教育公司。旗下拥有营利性在线院校卡佩拉大学、斯特雷尔大学，还运营着DevMountain、Hackbright学院、Sophia Learning等提供非学位课程的教育机构。
MATV vs STRA — 直观对比
营收规模更大
MATV
是对方的1.5倍
$305.9M
营收增速更快
MATV
高出0.2%
0.8%
净利率更高
MATV
高出11.0%
10.7%
自由现金流更多
STRA
多$69.3M
$8.0M
两年增速更快
STRA
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $463.1M | $305.9M |
| 净利润 | $100.8M | $32.8M |
| 毛利率 | 18.8% | — |
| 营业利润率 | 2.2% | 13.4% |
| 净利率 | 21.8% | 10.7% |
| 营收同比 | 1.0% | 0.8% |
| 净利润同比 | 6620.0% | 10.3% |
| 每股收益（稀释后） | $1.87 | $1.48 |
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MATVSTRA
| Q1 26 | — | $305.9M | ||
| Q4 25 | $463.1M | $323.2M | ||
| Q3 25 | $513.7M | $319.9M | ||
| Q2 25 | $525.4M | $321.5M | ||
| Q1 25 | $484.8M | $303.6M | ||
| Q4 24 | $458.6M | $311.5M | ||
| Q3 24 | $498.5M | $306.0M | ||
| Q2 24 | $523.8M | $312.3M |
净利润MATVSTRA
| Q1 26 | — | $32.8M | ||
| Q4 25 | $100.8M | $37.9M | ||
| Q3 25 | $-3.2M | $26.6M | ||
| Q2 25 | $-9.5M | $32.3M | ||
| Q1 25 | $-425.5M | $29.7M | ||
| Q4 24 | $1.5M | $25.3M | ||
| Q3 24 | $-20.8M | $27.7M | ||
| Q2 24 | $-1.4M | $29.9M |
毛利率MATVSTRA
| 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MATVSTRA
| Q1 26 | — | 13.4% | ||
| Q4 25 | 2.2% | 16.0% | ||
| Q3 25 | 3.1% | 11.6% | ||
| Q2 25 | 3.8% | 14.2% | ||
| Q1 25 | -88.8% | 13.1% | ||
| Q4 24 | 0.6% | 11.6% | ||
| Q3 24 | 1.4% | 11.9% | ||
| Q2 24 | 2.0% | 13.4% |
净利率MATVSTRA
| Q1 26 | — | 10.7% | ||
| Q4 25 | 21.8% | 11.7% | ||
| Q3 25 | -0.6% | 8.3% | ||
| Q2 25 | -1.8% | 10.1% | ||
| Q1 25 | -87.8% | 9.8% | ||
| Q4 24 | 0.3% | 8.1% | ||
| Q3 24 | -4.2% | 9.1% | ||
| Q2 24 | -0.3% | 9.6% |
每股收益（稀释后）MATVSTRA
| Q1 26 | — | $1.48 | ||
| Q4 25 | $1.87 | $1.65 | ||
| Q3 25 | $-0.06 | $1.15 | ||
| Q2 25 | $-0.18 | $1.37 | ||
| Q1 25 | $-7.82 | $1.24 | ||
| Q4 24 | $0.03 | $1.05 | ||
| Q3 24 | $-0.38 | $1.15 | ||
| Q2 24 | $-0.03 | $1.24 |
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 | $150.3M |
| 总债务越低越好 | $1.0B | — |
| 股东权益账面价值 | $498.7M | $1.6B |
| 总资产 | $2.1B | $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MATVSTRA
| Q1 26 | — | $150.3M | ||
| Q4 25 | $84.2M | $148.1M | ||
| Q3 25 | $97.1M | $172.6M | ||
| Q2 25 | $95.6M | $164.9M | ||
| Q1 25 | $84.0M | $182.6M | ||
| Q4 24 | $94.3M | $184.0M | ||
| Q3 24 | $162.2M | $222.1M | ||
| Q2 24 | $133.4M | $256.2M |
总债务MATVSTRA
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — |
股东权益MATVSTRA
| Q1 26 | — | $1.6B | ||
| Q4 25 | $498.7M | $1.6B | ||
| Q3 25 | $397.4M | $1.7B | ||
| Q2 25 | $416.6M | $1.7B | ||
| Q1 25 | $428.2M | $1.6B | ||
| Q4 24 | $858.5M | $1.7B | ||
| Q3 24 | $882.3M | $1.7B | ||
| Q2 24 | $898.0M | $1.7B |
总资产MATVSTRA
| Q1 26 | — | $2.1B | ||
| Q4 25 | $2.1B | $2.0B | ||
| Q3 25 | $2.0B | $2.1B | ||
| Q2 25 | $2.1B | $2.1B | ||
| Q1 25 | $2.1B | $2.1B | ||
| Q4 24 | $2.4B | $2.0B | ||
| Q3 24 | $2.6B | $2.2B | ||
| Q2 24 | $2.6B | $2.2B |
负债/权益比MATVSTRA
| Q1 26 | — | — | ||
| Q4 25 | 2.07× | — | ||
| Q3 25 | 2.63× | — | ||
| Q2 25 | 2.66× | — | ||
| Q1 25 | 2.67× | — | ||
| Q4 24 | 1.30× | — | ||
| 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 | $87.4M |
| 自由现金流经营现金流 - 资本支出 | $8.0M | $77.3M |
| 自由现金流率自由现金流/营收 | 1.7% | 25.3% |
| 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× | 2.66× |
| 过去12个月自由现金流最近4个季度 | $93.8M | $173.9M |
8季度趋势，按日历期对齐
经营现金流MATVSTRA
| Q1 26 | — | $87.4M | ||
| Q4 25 | $19.3M | $39.2M | ||
| Q3 25 | $72.8M | $60.1M | ||
| Q2 25 | $57.6M | $31.2M | ||
| Q1 25 | $-15.9M | $67.7M | ||
| Q4 24 | $24.1M | $15.9M | ||
| Q3 24 | $37.6M | $51.5M | ||
| Q2 24 | $46.1M | $24.3M |
自由现金流MATVSTRA
| Q1 26 | — | $77.3M | ||
| Q4 25 | $8.0M | $27.0M | ||
| Q3 25 | $66.7M | $49.3M | ||
| Q2 25 | $48.9M | $20.4M | ||
| Q1 25 | $-29.8M | $57.3M | ||
| Q4 24 | $2.0M | $4.7M | ||
| Q3 24 | $25.5M | $42.1M | ||
| Q2 24 | $37.4M | $13.6M |
自由现金流率MATVSTRA
| Q1 26 | — | 25.3% | ||
| Q4 25 | 1.7% | 8.3% | ||
| Q3 25 | 13.0% | 15.4% | ||
| Q2 25 | 9.3% | 6.3% | ||
| Q1 25 | -6.1% | 18.9% | ||
| Q4 24 | 0.4% | 1.5% | ||
| Q3 24 | 5.1% | 13.8% | ||
| Q2 24 | 7.1% | 4.3% |
资本支出强度MATVSTRA
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 3.8% | ||
| Q3 25 | 1.2% | 3.4% | ||
| Q2 25 | 1.7% | 3.4% | ||
| Q1 25 | 2.9% | 3.4% | ||
| Q4 24 | 4.8% | 3.6% | ||
| Q3 24 | 2.4% | 3.1% | ||
| Q2 24 | 1.7% | 3.4% |
现金转化率MATVSTRA
| Q1 26 | — | 2.66× | ||
| Q4 25 | 0.19× | 1.03× | ||
| Q3 25 | — | 2.26× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | 2.27× | ||
| Q4 24 | 16.07× | 0.63× | ||
| Q3 24 | — | 1.86× | ||
| Q2 24 | — | 0.81× |
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% |
STRA
| U.S. Higher Education | $212.6M | 69% |
| Australia/New Zealand | $51.8M | 17% |
| Education Technology Services | $41.5M | 14% |
