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Mativ Holdings, Inc.（MATV）与STERLING INFRASTRUCTURE, INC.（STRL）财务数据对比。点击上方公司名可切换其他公司
STERLING INFRASTRUCTURE, INC.的季度营收约是Mativ Holdings, Inc.的1.6倍（$755.6M vs $463.1M），Mativ Holdings, Inc.净利率更高（21.8% vs 11.6%，领先10.2%），STERLING INFRASTRUCTURE, INC.同比增速更快（51.5% vs 1.0%），STERLING INFRASTRUCTURE, INC.自由现金流更多（$159.7M vs $8.0M），过去两年STERLING INFRASTRUCTURE, INC.的营收复合增速更高（31.0% 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。
本公司是总部位于印度马哈拉施特拉邦孟买的跨国工程总承包（EPC）企业，业务覆盖可再生能源、数据中心、柴油发电、机电水暖（MEP）服务等多个领域，已在全球三十余个国家交付项目，执行团队遍布亚洲、中东、非洲、欧洲及澳大利亚。
MATV vs STRL — 直观对比
营收规模更大
STRL
是对方的1.6倍
$463.1M
营收增速更快
STRL
高出50.5%
1.0%
净利率更高
MATV
高出10.2%
11.6%
自由现金流更多
STRL
多$151.7M
$8.0M
两年增速更快
STRL
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $463.1M | $755.6M |
| 净利润 | $100.8M | $87.6M |
| 毛利率 | 18.8% | 21.7% |
| 营业利润率 | 2.2% | 15.9% |
| 净利率 | 21.8% | 11.6% |
| 营收同比 | 1.0% | 51.5% |
| 净利润同比 | 6620.0% | -22.6% |
| 每股收益（稀释后） | $1.87 | $2.82 |
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MATVSTRL
| Q4 25 | $463.1M | $755.6M | ||
| Q3 25 | $513.7M | $689.0M | ||
| Q2 25 | $525.4M | $614.5M | ||
| Q1 25 | $484.8M | $430.9M | ||
| Q4 24 | $458.6M | $498.8M | ||
| Q3 24 | $498.5M | $593.7M | ||
| Q2 24 | $523.8M | $582.8M | ||
| Q1 24 | $500.2M | $440.4M |
净利润MATVSTRL
| Q4 25 | $100.8M | $87.6M | ||
| Q3 25 | $-3.2M | $92.1M | ||
| Q2 25 | $-9.5M | $71.0M | ||
| Q1 25 | $-425.5M | $39.5M | ||
| Q4 24 | $1.5M | $113.2M | ||
| Q3 24 | $-20.8M | $61.3M | ||
| Q2 24 | $-1.4M | $51.9M | ||
| Q1 24 | $-28.0M | $31.0M |
毛利率MATVSTRL
| Q4 25 | 18.8% | 21.7% | ||
| Q3 25 | 19.3% | 24.7% | ||
| Q2 25 | 19.7% | 23.3% | ||
| Q1 25 | 15.0% | 22.0% | ||
| Q4 24 | 16.9% | 21.4% | ||
| Q3 24 | 18.8% | 21.9% | ||
| Q2 24 | 20.8% | 19.3% | ||
| Q1 24 | 16.8% | 17.5% |
营业利润率MATVSTRL
| Q4 25 | 2.2% | 15.9% | ||
| Q3 25 | 3.1% | 18.2% | ||
| Q2 25 | 3.8% | 17.0% | ||
| Q1 25 | -88.8% | 13.0% | ||
| Q4 24 | 0.6% | 12.5% | ||
| Q3 24 | 1.4% | 14.7% | ||
| Q2 24 | 2.0% | 12.5% | ||
| Q1 24 | -2.8% | 9.6% |
净利率MATVSTRL
| Q4 25 | 21.8% | 11.6% | ||
| Q3 25 | -0.6% | 13.4% | ||
| Q2 25 | -1.8% | 11.6% | ||
| Q1 25 | -87.8% | 9.2% | ||
| Q4 24 | 0.3% | 22.7% | ||
| Q3 24 | -4.2% | 10.3% | ||
| Q2 24 | -0.3% | 8.9% | ||
| Q1 24 | -5.6% | 7.1% |
每股收益（稀释后）MATVSTRL
| Q4 25 | $1.87 | $2.82 | ||
| Q3 25 | $-0.06 | $2.97 | ||
| Q2 25 | $-0.18 | $2.31 | ||
| Q1 25 | $-7.82 | $1.28 | ||
| Q4 24 | $0.03 | $3.63 | ||
| Q3 24 | $-0.38 | $1.97 | ||
| Q2 24 | $-0.03 | $1.67 | ||
| Q1 24 | $-0.52 | $1.00 |
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 | $390.7M |
| 总债务越低越好 | $1.0B | — |
| 股东权益账面价值 | $498.7M | $1.1B |
| 总资产 | $2.1B | $2.6B |
| 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MATVSTRL
| Q4 25 | $84.2M | $390.7M | ||
| Q3 25 | $97.1M | $306.4M | ||
| Q2 25 | $95.6M | $699.4M | ||
| Q1 25 | $84.0M | $638.6M | ||
| Q4 24 | $94.3M | $664.2M | ||
| Q3 24 | $162.2M | $648.1M | ||
| Q2 24 | $133.4M | $540.0M | ||
| Q1 24 | $128.9M | $480.4M |
总债务MATVSTRL
| 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 | — | ||
| Q1 24 | $1.2B | — |
股东权益MATVSTRL
| Q4 25 | $498.7M | $1.1B | ||
| Q3 25 | $397.4M | $1.1B | ||
| Q2 25 | $416.6M | $881.7M | ||
| Q1 25 | $428.2M | $805.4M | ||
| Q4 24 | $858.5M | $808.1M | ||
| Q3 24 | $882.3M | $716.5M | ||
| Q2 24 | $898.0M | $670.7M | ||
| Q1 24 | $906.9M | $644.6M |
总资产MATVSTRL
| Q4 25 | $2.1B | $2.6B | ||
| Q3 25 | $2.0B | $2.6B | ||
| Q2 25 | $2.1B | $2.2B | ||
| Q1 25 | $2.1B | $2.0B | ||
| Q4 24 | $2.4B | $2.0B | ||
| Q3 24 | $2.6B | $2.0B | ||
| Q2 24 | $2.6B | $2.0B | ||
| Q1 24 | $2.7B | $1.8B |
负债/权益比MATVSTRL
| 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× | — | ||
| 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 | $186.1M |
| 自由现金流经营现金流 - 资本支出 | $8.0M | $159.7M |
| 自由现金流率自由现金流/营收 | 1.7% | 21.1% |
| 资本支出强度资本支出/营收 | 2.4% | 3.5% |
| 现金转化率经营现金流/净利润 | 0.19× | 2.12× |
| 过去12个月自由现金流最近4个季度 | $93.8M | $362.7M |
8季度趋势，按日历期对齐
经营现金流MATVSTRL
| Q4 25 | $19.3M | $186.1M | ||
| Q3 25 | $72.8M | $83.6M | ||
| Q2 25 | $57.6M | $85.4M | ||
| Q1 25 | $-15.9M | $84.9M | ||
| Q4 24 | $24.1M | $174.3M | ||
| Q3 24 | $37.6M | $152.3M | ||
| Q2 24 | $46.1M | $121.0M | ||
| Q1 24 | $-13.0M | $49.6M |
自由现金流MATVSTRL
| Q4 25 | $8.0M | $159.7M | ||
| Q3 25 | $66.7M | $64.0M | ||
| Q2 25 | $48.9M | $72.1M | ||
| Q1 25 | $-29.8M | $67.0M | ||
| Q4 24 | $2.0M | $158.6M | ||
| Q3 24 | $25.5M | $138.3M | ||
| Q2 24 | $37.4M | $92.1M | ||
| Q1 24 | $-25.1M | $27.2M |
自由现金流率MATVSTRL
| Q4 25 | 1.7% | 21.1% | ||
| Q3 25 | 13.0% | 9.3% | ||
| Q2 25 | 9.3% | 11.7% | ||
| Q1 25 | -6.1% | 15.5% | ||
| Q4 24 | 0.4% | 31.8% | ||
| Q3 24 | 5.1% | 23.3% | ||
| Q2 24 | 7.1% | 15.8% | ||
| Q1 24 | -5.0% | 6.2% |
资本支出强度MATVSTRL
| Q4 25 | 2.4% | 3.5% | ||
| Q3 25 | 1.2% | 2.9% | ||
| Q2 25 | 1.7% | 2.2% | ||
| Q1 25 | 2.9% | 4.2% | ||
| Q4 24 | 4.8% | 3.1% | ||
| Q3 24 | 2.4% | 2.4% | ||
| Q2 24 | 1.7% | 5.0% | ||
| Q1 24 | 2.4% | 5.1% |
现金转化率MATVSTRL
| Q4 25 | 0.19× | 2.12× | ||
| Q3 25 | — | 0.91× | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | — | 2.15× | ||
| Q4 24 | 16.07× | 1.54× | ||
| Q3 24 | — | 2.48× | ||
| Q2 24 | — | 2.33× | ||
| Q1 24 | — | 1.60× |
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% |
STRL
| Lump Sum | $464.9M | 62% |
| Heavy Highway | $99.6M | 13% |
| Residential Construction | $70.4M | 9% |
| Road And Highway Builders LLC | $52.4M | 7% |
| Other Revenue | $36.6M | 5% |
| Aviation | $16.6M | 2% |
| Commercial | $11.4M | 2% |
| Related Party | $600.0K | 0% |
