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Mativ Holdings, Inc.（MATV）与Gentherm Inc（THRM）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Gentherm Inc的1.2倍（$463.1M vs $382.8M），Mativ Holdings, Inc.净利率更高（21.8% vs 0.8%，领先21.0%），Gentherm Inc同比增速更快（8.5% vs 1.0%），Mativ Holdings, Inc.自由现金流更多（$8.0M vs $6.7M），过去两年Gentherm Inc的营收复合增速更高（3.7% 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。
金瑟公司（原阿梅里贡）是一家美国热管理技术企业，为汽车行业研发出了全球首款热电调温座椅系统——气候控制座椅系统。该系统于1999年率先被福特汽车采纳，作为选装配置搭载在2000款林肯领航员上，如今已应用于福特、通用、丰田（雷克萨斯）、起亚、现代、日产（英菲尼迪）等车企的50余款车型。
MATV vs THRM — 直观对比
营收规模更大
MATV
是对方的1.2倍
$382.8M
营收增速更快
THRM
高出7.5%
1.0%
净利率更高
MATV
高出21.0%
0.8%
自由现金流更多
MATV
多$1.3M
$6.7M
两年增速更快
THRM
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $463.1M | $382.8M |
| 净利润 | $100.8M | $3.0M |
| 毛利率 | 18.8% | 23.7% |
| 营业利润率 | 2.2% | 4.6% |
| 净利率 | 21.8% | 0.8% |
| 营收同比 | 1.0% | 8.5% |
| 净利润同比 | 6620.0% | -80.5% |
| 每股收益（稀释后） | $1.87 | $0.08 |
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MATVTHRM
| Q4 25 | $463.1M | $382.8M | ||
| Q3 25 | $513.7M | $386.9M | ||
| Q2 25 | $525.4M | $375.1M | ||
| Q1 25 | $484.8M | $353.9M | ||
| Q4 24 | $458.6M | $352.9M | ||
| Q3 24 | $498.5M | $371.5M | ||
| Q2 24 | $523.8M | $375.7M | ||
| Q1 24 | $500.2M | $356.0M |
净利润MATVTHRM
| Q4 25 | $100.8M | $3.0M | ||
| Q3 25 | $-3.2M | $14.9M | ||
| Q2 25 | $-9.5M | $477.0K | ||
| Q1 25 | $-425.5M | $-128.0K | ||
| Q4 24 | $1.5M | $15.3M | ||
| Q3 24 | $-20.8M | $16.0M | ||
| Q2 24 | $-1.4M | $18.9M | ||
| Q1 24 | $-28.0M | $14.8M |
毛利率MATVTHRM
| Q4 25 | 18.8% | 23.7% | ||
| Q3 25 | 19.3% | 24.6% | ||
| Q2 25 | 19.7% | 23.9% | ||
| Q1 25 | 15.0% | 24.4% | ||
| Q4 24 | 16.9% | 24.4% | ||
| Q3 24 | 18.8% | 25.5% | ||
| Q2 24 | 20.8% | 25.7% | ||
| Q1 24 | 16.8% | 24.9% |
营业利润率MATVTHRM
| Q4 25 | 2.2% | 4.6% | ||
| Q3 25 | 3.1% | 6.2% | ||
| Q2 25 | 3.8% | 6.4% | ||
| Q1 25 | -88.8% | 4.8% | ||
| Q4 24 | 0.6% | 6.7% | ||
| Q3 24 | 1.4% | 8.7% | ||
| Q2 24 | 2.0% | 8.8% | ||
| Q1 24 | -2.8% | 5.1% |
净利率MATVTHRM
| Q4 25 | 21.8% | 0.8% | ||
| Q3 25 | -0.6% | 3.9% | ||
| Q2 25 | -1.8% | 0.1% | ||
| Q1 25 | -87.8% | -0.0% | ||
| Q4 24 | 0.3% | 4.3% | ||
| Q3 24 | -4.2% | 4.3% | ||
| Q2 24 | -0.3% | 5.0% | ||
| Q1 24 | -5.6% | 4.2% |
每股收益（稀释后）MATVTHRM
| Q4 25 | $1.87 | $0.08 | ||
| Q3 25 | $-0.06 | $0.49 | ||
| Q2 25 | $-0.18 | $0.02 | ||
| Q1 25 | $-7.82 | $0.00 | ||
| Q4 24 | $0.03 | $0.48 | ||
| Q3 24 | $-0.38 | $0.51 | ||
| Q2 24 | $-0.03 | $0.60 | ||
| Q1 24 | $-0.52 | $0.47 |
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 | $160.8M |
| 总债务越低越好 | $1.0B | $189.0M |
| 股东权益账面价值 | $498.7M | $720.3M |
| 总资产 | $2.1B | $1.4B |
| 负债/权益比越低杠杆越低 | 2.07× | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资MATVTHRM
| Q4 25 | $84.2M | $160.8M | ||
| Q3 25 | $97.1M | $154.3M | ||
| Q2 25 | $95.6M | $128.3M | ||
| Q1 25 | $84.0M | $163.1M | ||
| Q4 24 | $94.3M | $134.1M | ||
| Q3 24 | $162.2M | $150.6M | ||
| Q2 24 | $133.4M | $123.5M | ||
| Q1 24 | $128.9M | $125.1M |
总债务MATVTHRM
| Q4 25 | $1.0B | $189.0M | ||
| Q3 25 | $1.0B | $189.0M | ||
| Q2 25 | $1.1B | $209.0M | ||
| Q1 25 | $1.1B | $262.0M | ||
| Q4 24 | $1.1B | $220.1M | ||
| Q3 24 | $1.2B | $222.1M | ||
| Q2 24 | $1.2B | $222.1M | ||
| Q1 24 | $1.2B | $222.2M |
股东权益MATVTHRM
| Q4 25 | $498.7M | $720.3M | ||
| Q3 25 | $397.4M | $717.9M | ||
| Q2 25 | $416.6M | $699.7M | ||
| Q1 25 | $428.2M | $646.5M | ||
| Q4 24 | $858.5M | $616.9M | ||
| Q3 24 | $882.3M | $660.7M | ||
| Q2 24 | $898.0M | $640.3M | ||
| Q1 24 | $906.9M | $647.1M |
总资产MATVTHRM
| Q4 25 | $2.1B | $1.4B | ||
| Q3 25 | $2.0B | $1.4B | ||
| Q2 25 | $2.1B | $1.4B | ||
| Q1 25 | $2.1B | $1.3B | ||
| Q4 24 | $2.4B | $1.2B | ||
| Q3 24 | $2.6B | $1.3B | ||
| Q2 24 | $2.6B | $1.2B | ||
| Q1 24 | $2.7B | $1.3B |
负债/权益比MATVTHRM
| Q4 25 | 2.07× | 0.26× | ||
| Q3 25 | 2.63× | 0.26× | ||
| Q2 25 | 2.66× | 0.30× | ||
| Q1 25 | 2.67× | 0.41× | ||
| Q4 24 | 1.30× | 0.36× | ||
| Q3 24 | 1.32× | 0.34× | ||
| Q2 24 | 1.29× | 0.35× | ||
| Q1 24 | 1.30× | 0.34× |
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 | $29.0M |
| 自由现金流经营现金流 - 资本支出 | $8.0M | $6.7M |
| 自由现金流率自由现金流/营收 | 1.7% | 1.7% |
| 资本支出强度资本支出/营收 | 2.4% | 5.8% |
| 现金转化率经营现金流/净利润 | 0.19× | 9.70× |
| 过去12个月自由现金流最近4个季度 | $93.8M | $61.1M |
8季度趋势，按日历期对齐
经营现金流MATVTHRM
| Q4 25 | $19.3M | $29.0M | ||
| Q3 25 | $72.8M | $56.1M | ||
| Q2 25 | $57.6M | $45.0M | ||
| Q1 25 | $-15.9M | $-13.3M | ||
| Q4 24 | $24.1M | $36.6M | ||
| Q3 24 | $37.6M | $46.3M | ||
| Q2 24 | $46.1M | $37.1M | ||
| Q1 24 | $-13.0M | $-10.3M |
自由现金流MATVTHRM
| Q4 25 | $8.0M | $6.7M | ||
| Q3 25 | $66.7M | $46.5M | ||
| Q2 25 | $48.9M | $36.2M | ||
| Q1 25 | $-29.8M | $-28.2M | ||
| Q4 24 | $2.0M | $13.6M | ||
| Q3 24 | $25.5M | $26.6M | ||
| Q2 24 | $37.4M | $17.8M | ||
| Q1 24 | $-25.1M | $-21.6M |
自由现金流率MATVTHRM
| Q4 25 | 1.7% | 1.7% | ||
| Q3 25 | 13.0% | 12.0% | ||
| Q2 25 | 9.3% | 9.6% | ||
| Q1 25 | -6.1% | -8.0% | ||
| Q4 24 | 0.4% | 3.9% | ||
| Q3 24 | 5.1% | 7.2% | ||
| Q2 24 | 7.1% | 4.7% | ||
| Q1 24 | -5.0% | -6.1% |
资本支出强度MATVTHRM
| Q4 25 | 2.4% | 5.8% | ||
| Q3 25 | 1.2% | 2.5% | ||
| Q2 25 | 1.7% | 2.4% | ||
| Q1 25 | 2.9% | 4.2% | ||
| Q4 24 | 4.8% | 6.5% | ||
| Q3 24 | 2.4% | 5.3% | ||
| Q2 24 | 1.7% | 5.2% | ||
| Q1 24 | 2.4% | 3.2% |
现金转化率MATVTHRM
| Q4 25 | 0.19× | 9.70× | ||
| Q3 25 | — | 3.75× | ||
| Q2 25 | — | 94.43× | ||
| Q1 25 | — | — | ||
| Q4 24 | 16.07× | 2.39× | ||
| Q3 24 | — | 2.90× | ||
| Q2 24 | — | 1.97× | ||
| Q1 24 | — | -0.70× |
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% |
THRM
| Climate Control Seats | $200.9M | 52% |
| Lumbar And Massage Comfort Solutions | $58.5M | 15% |
| Climate Control Interiors | $50.3M | 13% |
| Other Automotive | $27.6M | 7% |
| Valve Systems | $24.1M | 6% |
| Medical Segments | $13.9M | 4% |
| Climate And Comfort Electronics | $7.4M | 2% |
