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Mativ Holdings, Inc.（MATV）与TreeHouse Foods, Inc.（THS）财务数据对比。点击上方公司名可切换其他公司
TreeHouse Foods, Inc.的季度营收约是Mativ Holdings, Inc.的1.8倍（$840.3M vs $463.1M），Mativ Holdings, Inc.净利率更高（21.8% vs -31.6%，领先53.4%），Mativ Holdings, Inc.同比增速更快（1.0% vs 0.1%），过去两年Mativ Holdings, Inc.的营收复合增速更高（-3.8% vs -3.9%）
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。
树屋食品公司是一家跨国食品加工企业，主打贴牌包装食品生产，总部位于美国伊利诺伊州奥克布鲁克，2005年成立后完全通过收购拓展业务。2010年该公司销售额达20亿美元，在20座工厂拥有超4000名员工，曾获评《食品加工》杂志2010年度加工企业，被称为“你没听过的大型企业”。
MATV vs THS — 直观对比
营收规模更大
THS
是对方的1.8倍
$463.1M
营收增速更快
MATV
高出0.8%
0.1%
净利率更高
MATV
高出53.4%
-31.6%
两年增速更快
MATV
近两年复合增速
-3.9%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $463.1M | $840.3M |
| 净利润 | $100.8M | $-265.8M |
| 毛利率 | 18.8% | 18.8% |
| 营业利润率 | 2.2% | -30.2% |
| 净利率 | 21.8% | -31.6% |
| 营收同比 | 1.0% | 0.1% |
| 净利润同比 | 6620.0% | -7717.6% |
| 每股收益（稀释后） | $1.87 | $-5.26 |
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MATVTHS
| Q4 25 | $463.1M | — | ||
| Q3 25 | $513.7M | $840.3M | ||
| Q2 25 | $525.4M | $798.0M | ||
| Q1 25 | $484.8M | $792.0M | ||
| Q4 24 | $458.6M | $905.7M | ||
| Q3 24 | $498.5M | $839.1M | ||
| Q2 24 | $523.8M | $788.5M | ||
| Q1 24 | $500.2M | $820.7M |
净利润MATVTHS
| Q4 25 | $100.8M | — | ||
| Q3 25 | $-3.2M | $-265.8M | ||
| Q2 25 | $-9.5M | $-2.9M | ||
| Q1 25 | $-425.5M | $-31.8M | ||
| Q4 24 | $1.5M | $58.7M | ||
| Q3 24 | $-20.8M | $-3.4M | ||
| Q2 24 | $-1.4M | $-16.7M | ||
| Q1 24 | $-28.0M | $-11.7M |
毛利率MATVTHS
| Q4 25 | 18.8% | — | ||
| Q3 25 | 19.3% | 18.8% | ||
| Q2 25 | 19.7% | 17.4% | ||
| Q1 25 | 15.0% | 14.5% | ||
| Q4 24 | 16.9% | 19.5% | ||
| Q3 24 | 18.8% | 15.6% | ||
| Q2 24 | 20.8% | 16.3% | ||
| Q1 24 | 16.8% | 13.6% |
营业利润率MATVTHS
| Q4 25 | 2.2% | — | ||
| Q3 25 | 3.1% | -30.2% | ||
| Q2 25 | 3.8% | 3.4% | ||
| Q1 25 | -88.8% | -0.7% | ||
| Q4 24 | 0.6% | 8.9% | ||
| Q3 24 | 1.4% | 3.8% | ||
| Q2 24 | 2.0% | -0.5% | ||
| Q1 24 | -2.8% | -0.6% |
净利率MATVTHS
| Q4 25 | 21.8% | — | ||
| Q3 25 | -0.6% | -31.6% | ||
| Q2 25 | -1.8% | -0.4% | ||
| Q1 25 | -87.8% | -4.0% | ||
| Q4 24 | 0.3% | 6.5% | ||
| Q3 24 | -4.2% | -0.4% | ||
| Q2 24 | -0.3% | -2.1% | ||
| Q1 24 | -5.6% | -1.4% |
每股收益（稀释后）MATVTHS
| Q4 25 | $1.87 | — | ||
| Q3 25 | $-0.06 | $-5.26 | ||
| Q2 25 | $-0.18 | $-0.06 | ||
| Q1 25 | $-7.82 | $-0.63 | ||
| Q4 24 | $0.03 | $1.12 | ||
| Q3 24 | $-0.38 | $-0.07 | ||
| Q2 24 | $-0.03 | $-0.32 | ||
| 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 | $21.0M |
| 总债务越低越好 | $1.0B | $1.5B |
| 股东权益账面价值 | $498.7M | $1.3B |
| 总资产 | $2.1B | $3.8B |
| 负债/权益比越低杠杆越低 | 2.07× | 1.18× |
8季度趋势，按日历期对齐
现金及短期投资MATVTHS
| Q4 25 | $84.2M | — | ||
| Q3 25 | $97.1M | $21.0M | ||
| Q2 25 | $95.6M | $17.1M | ||
| Q1 25 | $84.0M | $16.4M | ||
| Q4 24 | $94.3M | $289.6M | ||
| Q3 24 | $162.2M | $102.0M | ||
| Q2 24 | $133.4M | $105.8M | ||
| Q1 24 | $128.9M | $191.8M |
总债务MATVTHS
| Q4 25 | $1.0B | — | ||
| Q3 25 | $1.0B | $1.5B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $1.1B | $1.4B | ||
| Q4 24 | $1.1B | $1.4B | ||
| Q3 24 | $1.2B | $1.4B | ||
| Q2 24 | $1.2B | $1.4B | ||
| Q1 24 | $1.2B | $1.4B |
股东权益MATVTHS
| Q4 25 | $498.7M | — | ||
| Q3 25 | $397.4M | $1.3B | ||
| Q2 25 | $416.6M | $1.5B | ||
| Q1 25 | $428.2M | $1.5B | ||
| Q4 24 | $858.5M | $1.5B | ||
| Q3 24 | $882.3M | $1.6B | ||
| Q2 24 | $898.0M | $1.6B | ||
| Q1 24 | $906.9M | $1.6B |
总资产MATVTHS
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.0B | $3.8B | ||
| Q2 25 | $2.1B | $4.0B | ||
| Q1 25 | $2.1B | $3.9B | ||
| Q4 24 | $2.4B | $4.0B | ||
| Q3 24 | $2.6B | $4.0B | ||
| Q2 24 | $2.6B | $3.9B | ||
| Q1 24 | $2.7B | $4.0B |
负债/权益比MATVTHS
| Q4 25 | 2.07× | — | ||
| Q3 25 | 2.63× | 1.18× | ||
| Q2 25 | 2.66× | 0.98× | ||
| Q1 25 | 2.67× | 0.93× | ||
| Q4 24 | 1.30× | 0.90× | ||
| Q3 24 | 1.32× | 0.90× | ||
| Q2 24 | 1.29× | 0.90× | ||
| Q1 24 | 1.30× | 0.87× |
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 | $38.2M |
| 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MATVTHS
| Q4 25 | $19.3M | — | ||
| Q3 25 | $72.8M | $38.2M | ||
| Q2 25 | $57.6M | $-47.2M | ||
| Q1 25 | $-15.9M | $-53.5M | ||
| Q4 24 | $24.1M | $296.2M | ||
| Q3 24 | $37.6M | $41.4M | ||
| Q2 24 | $46.1M | $-19.4M | ||
| Q1 24 | $-13.0M | $-52.4M |
自由现金流MATVTHS
| 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 | $-42.2M | ||
| Q1 24 | $-25.1M | $-80.7M |
自由现金流率MATVTHS
| 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% | -5.4% | ||
| Q1 24 | -5.0% | -9.8% |
资本支出强度MATVTHS
| 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% | 2.9% | ||
| Q1 24 | 2.4% | 3.4% |
现金转化率MATVTHS
| Q4 25 | 0.19× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 16.07× | 5.05× | ||
| 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% |
THS
| Retail Grocery Customers | $670.6M | 80% |
| Food Away From Home And Other | $85.3M | 10% |
| Co Manufacturing | $84.4M | 10% |
