vs
Mativ Holdings, Inc.（MATV）与Upstart Holdings, Inc.（UPST）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Upstart Holdings, Inc.的1.6倍（$463.1M vs $296.1M），Mativ Holdings, Inc.净利率更高（21.8% vs 6.3%，领先15.5%），Upstart Holdings, Inc.同比增速更快（35.2% vs 1.0%），Upstart Holdings, Inc.自由现金流更多（$108.4M vs $8.0M），过去两年Upstart Holdings, Inc.的营收复合增速更高（52.2% 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。
Upstart是一家AI信贷平台服务商，与银行及信用合作社合作，将教育背景、就业情况等非传统指标纳入信用评估模型，更精准地预测借款人的信用状况，为用户提供消费贷款服务，助力金融机构提升信贷效率、扩大服务覆盖范围。
MATV vs UPST — 直观对比
营收规模更大
MATV
是对方的1.6倍
$296.1M
营收增速更快
UPST
高出34.2%
1.0%
净利率更高
MATV
高出15.5%
6.3%
自由现金流更多
UPST
多$100.4M
$8.0M
两年增速更快
UPST
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $463.1M | $296.1M |
| 净利润 | $100.8M | $18.6M |
| 毛利率 | 18.8% | — |
| 营业利润率 | 2.2% | 6.4% |
| 净利率 | 21.8% | 6.3% |
| 营收同比 | 1.0% | 35.2% |
| 净利润同比 | 6620.0% | 776.4% |
| 每股收益（稀释后） | $1.87 | $0.20 |
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MATVUPST
| Q4 25 | $463.1M | $296.1M | ||
| Q3 25 | $513.7M | $277.1M | ||
| Q2 25 | $525.4M | $257.3M | ||
| Q1 25 | $484.8M | $213.4M | ||
| Q4 24 | $458.6M | $219.0M | ||
| Q3 24 | $498.5M | $162.1M | ||
| Q2 24 | $523.8M | $127.6M | ||
| Q1 24 | $500.2M | $127.8M |
净利润MATVUPST
| Q4 25 | $100.8M | $18.6M | ||
| Q3 25 | $-3.2M | $31.8M | ||
| Q2 25 | $-9.5M | $5.6M | ||
| Q1 25 | $-425.5M | $-2.4M | ||
| Q4 24 | $1.5M | $-2.8M | ||
| Q3 24 | $-20.8M | $-6.8M | ||
| Q2 24 | $-1.4M | $-54.5M | ||
| Q1 24 | $-28.0M | $-64.6M |
毛利率MATVUPST
| 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% | — | ||
| Q1 24 | 16.8% | — |
营业利润率MATVUPST
| Q4 25 | 2.2% | 6.4% | ||
| Q3 25 | 3.1% | 8.5% | ||
| Q2 25 | 3.8% | 1.8% | ||
| Q1 25 | -88.8% | -2.1% | ||
| Q4 24 | 0.6% | -2.2% | ||
| Q3 24 | 1.4% | -27.8% | ||
| Q2 24 | 2.0% | -43.5% | ||
| Q1 24 | -2.8% | -52.8% |
净利率MATVUPST
| Q4 25 | 21.8% | 6.3% | ||
| Q3 25 | -0.6% | 11.5% | ||
| Q2 25 | -1.8% | 2.2% | ||
| Q1 25 | -87.8% | -1.1% | ||
| Q4 24 | 0.3% | -1.3% | ||
| Q3 24 | -4.2% | -4.2% | ||
| Q2 24 | -0.3% | -42.7% | ||
| Q1 24 | -5.6% | -50.5% |
每股收益（稀释后）MATVUPST
| Q4 25 | $1.87 | $0.20 | ||
| Q3 25 | $-0.06 | $0.23 | ||
| Q2 25 | $-0.18 | $0.05 | ||
| Q1 25 | $-7.82 | $-0.03 | ||
| Q4 24 | $0.03 | $-0.01 | ||
| Q3 24 | $-0.38 | $-0.07 | ||
| Q2 24 | $-0.03 | $-0.62 | ||
| Q1 24 | $-0.52 | $-0.74 |
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 | $652.4M |
| 总债务越低越好 | $1.0B | — |
| 股东权益账面价值 | $498.7M | $798.8M |
| 总资产 | $2.1B | $3.0B |
| 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MATVUPST
| Q4 25 | $84.2M | $652.4M | ||
| Q3 25 | $97.1M | $489.8M | ||
| Q2 25 | $95.6M | $395.9M | ||
| Q1 25 | $84.0M | $599.8M | ||
| Q4 24 | $94.3M | $788.4M | ||
| Q3 24 | $162.2M | — | ||
| Q2 24 | $133.4M | — | ||
| Q1 24 | $128.9M | — |
总债务MATVUPST
| 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MATVUPST
| Q4 25 | $498.7M | $798.8M | ||
| Q3 25 | $397.4M | $743.7M | ||
| Q2 25 | $416.6M | $722.0M | ||
| Q1 25 | $428.2M | $676.6M | ||
| Q4 24 | $858.5M | $633.2M | ||
| Q3 24 | $882.3M | $595.5M | ||
| Q2 24 | $898.0M | $594.7M | ||
| Q1 24 | $906.9M | $612.8M |
总资产MATVUPST
| Q4 25 | $2.1B | $3.0B | ||
| Q3 25 | $2.0B | $2.9B | ||
| Q2 25 | $2.1B | $2.5B | ||
| Q1 25 | $2.1B | $2.3B | ||
| Q4 24 | $2.4B | $2.4B | ||
| Q3 24 | $2.6B | $1.8B | ||
| Q2 24 | $2.6B | $1.8B | ||
| Q1 24 | $2.7B | $1.9B |
负债/权益比MATVUPST
| 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 | $108.6M |
| 自由现金流经营现金流 - 资本支出 | $8.0M | $108.4M |
| 自由现金流率自由现金流/营收 | 1.7% | 36.6% |
| 资本支出强度资本支出/营收 | 2.4% | 0.1% |
| 现金转化率经营现金流/净利润 | 0.19× | 5.82× |
| 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MATVUPST
| Q4 25 | $19.3M | $108.6M | ||
| Q3 25 | $72.8M | $-122.6M | ||
| Q2 25 | $57.6M | $-120.2M | ||
| Q1 25 | $-15.9M | $-13.5M | ||
| Q4 24 | $24.1M | $-110.9M | ||
| Q3 24 | $37.6M | $179.3M | ||
| Q2 24 | $46.1M | $65.3M | ||
| Q1 24 | $-13.0M | $52.6M |
自由现金流MATVUPST
| Q4 25 | $8.0M | $108.4M | ||
| Q3 25 | $66.7M | $-122.7M | ||
| Q2 25 | $48.9M | $-120.3M | ||
| Q1 25 | $-29.8M | — | ||
| Q4 24 | $2.0M | — | ||
| Q3 24 | $25.5M | $179.2M | ||
| Q2 24 | $37.4M | $65.3M | ||
| Q1 24 | $-25.1M | $51.9M |
自由现金流率MATVUPST
| Q4 25 | 1.7% | 36.6% | ||
| Q3 25 | 13.0% | -44.3% | ||
| Q2 25 | 9.3% | -46.7% | ||
| Q1 25 | -6.1% | — | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 5.1% | 110.5% | ||
| Q2 24 | 7.1% | 51.1% | ||
| Q1 24 | -5.0% | 40.6% |
资本支出强度MATVUPST
| Q4 25 | 2.4% | 0.1% | ||
| Q3 25 | 1.2% | 0.0% | ||
| Q2 25 | 1.7% | 0.0% | ||
| Q1 25 | 2.9% | 0.0% | ||
| Q4 24 | 4.8% | 0.0% | ||
| Q3 24 | 2.4% | 0.1% | ||
| Q2 24 | 1.7% | 0.0% | ||
| Q1 24 | 2.4% | 0.5% |
现金转化率MATVUPST
| Q4 25 | 0.19× | 5.82× | ||
| Q3 25 | — | -3.86× | ||
| Q2 25 | — | -21.43× | ||
| 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% |
UPST
| Personal Lending Segment | $201.4M | 68% |
| Servicing Fees Net | $39.5M | 13% |
| Servicing Fees | $27.5M | 9% |
| Other | $15.7M | 5% |
| Borrower Fees | $8.4M | 3% |
| Collection Agency Fees | $3.5M | 1% |
