vs
Mativ Holdings, Inc.（MATV）与INNOVATE Corp.（VATE）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INNOVATE Corp.的1.2倍（$463.1M vs $382.7M），Mativ Holdings, Inc.净利率更高（21.8% vs -1.9%，领先23.7%），INNOVATE Corp.同比增速更快（61.7% vs 1.0%），过去两年INNOVATE Corp.的营收复合增速更高（10.2% 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。
创新公司（Innovate Corp.）是一家美国上市金融服务企业，创立于1994年，深耕金融服务领域，面向市场提供多元专业金融相关服务，是美国本土具备多年运营经验的公众金融服务机构。
MATV vs VATE — 直观对比
营收规模更大
MATV
是对方的1.2倍
$382.7M
营收增速更快
VATE
高出60.8%
1.0%
净利率更高
MATV
高出23.7%
-1.9%
两年增速更快
VATE
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $463.1M | $382.7M |
| 净利润 | $100.8M | $-7.4M |
| 毛利率 | 18.8% | 15.4% |
| 营业利润率 | 2.2% | 3.7% |
| 净利率 | 21.8% | -1.9% |
| 营收同比 | 1.0% | 61.7% |
| 净利润同比 | 6620.0% | 55.4% |
| 每股收益（稀释后） | $1.87 | $-0.57 |
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MATVVATE
| Q4 25 | $463.1M | $382.7M | ||
| Q3 25 | $513.7M | $347.1M | ||
| Q2 25 | $525.4M | $242.0M | ||
| Q1 25 | $484.8M | $274.2M | ||
| Q4 24 | $458.6M | $236.6M | ||
| Q3 24 | $498.5M | $242.2M | ||
| Q2 24 | $523.8M | $313.1M | ||
| Q1 24 | $500.2M | $315.2M |
净利润MATVVATE
| Q4 25 | $100.8M | $-7.4M | ||
| Q3 25 | $-3.2M | $-8.9M | ||
| Q2 25 | $-9.5M | $-19.8M | ||
| Q1 25 | $-425.5M | $-24.5M | ||
| Q4 24 | $1.5M | $-16.6M | ||
| Q3 24 | $-20.8M | $-15.0M | ||
| Q2 24 | $-1.4M | $14.4M | ||
| Q1 24 | $-28.0M | $-17.4M |
毛利率MATVVATE
| Q4 25 | 18.8% | 15.4% | ||
| Q3 25 | 19.3% | 14.3% | ||
| Q2 25 | 19.7% | 18.8% | ||
| Q1 25 | 15.0% | 16.6% | ||
| Q4 24 | 16.9% | 19.6% | ||
| Q3 24 | 18.8% | 19.9% | ||
| Q2 24 | 20.8% | 21.0% | ||
| Q1 24 | 16.8% | 15.4% |
营业利润率MATVVATE
| Q4 25 | 2.2% | 3.7% | ||
| Q3 25 | 3.1% | 1.8% | ||
| Q2 25 | 3.8% | 2.0% | ||
| Q1 25 | -88.8% | 1.2% | ||
| Q4 24 | 0.6% | 1.1% | ||
| Q3 24 | 1.4% | 2.4% | ||
| Q2 24 | 2.0% | 9.2% | ||
| Q1 24 | -2.8% | 0.9% |
净利率MATVVATE
| Q4 25 | 21.8% | -1.9% | ||
| Q3 25 | -0.6% | -2.6% | ||
| Q2 25 | -1.8% | -8.2% | ||
| Q1 25 | -87.8% | -8.9% | ||
| Q4 24 | 0.3% | -7.0% | ||
| Q3 24 | -4.2% | -6.2% | ||
| Q2 24 | -0.3% | 4.6% | ||
| Q1 24 | -5.6% | -5.5% |
每股收益（稀释后）MATVVATE
| Q4 25 | $1.87 | $-0.57 | ||
| Q3 25 | $-0.06 | $-0.71 | ||
| Q2 25 | $-0.18 | $-1.67 | ||
| Q1 25 | $-7.82 | $-1.89 | ||
| Q4 24 | $0.03 | $-0.72 | ||
| Q3 24 | $-0.38 | $-1.18 | ||
| Q2 24 | $-0.03 | $1.03 | ||
| Q1 24 | $-0.52 | $-2.21 |
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 | $112.1M |
| 总债务越低越好 | $1.0B | $80.3M |
| 股东权益账面价值 | $498.7M | $-240.1M |
| 总资产 | $2.1B | $950.1M |
| 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MATVVATE
| Q4 25 | $84.2M | $112.1M | ||
| Q3 25 | $97.1M | $35.5M | ||
| Q2 25 | $95.6M | $33.4M | ||
| Q1 25 | $84.0M | $33.3M | ||
| Q4 24 | $94.3M | $48.8M | ||
| Q3 24 | $162.2M | $51.0M | ||
| Q2 24 | $133.4M | $80.2M | ||
| Q1 24 | $128.9M | $38.4M |
总债务MATVVATE
| Q4 25 | $1.0B | $80.3M | ||
| Q3 25 | $1.0B | $97.3M | ||
| Q2 25 | $1.1B | $160.1M | ||
| Q1 25 | $1.1B | $139.9M | ||
| Q4 24 | $1.1B | $500.6M | ||
| Q3 24 | $1.2B | $502.4M | ||
| Q2 24 | $1.2B | $638.3M | ||
| Q1 24 | $1.2B | $641.5M |
股东权益MATVVATE
| Q4 25 | $498.7M | $-240.1M | ||
| Q3 25 | $397.4M | $-233.3M | ||
| Q2 25 | $416.6M | $-224.8M | ||
| Q1 25 | $428.2M | $-204.2M | ||
| Q4 24 | $858.5M | $-180.4M | ||
| Q3 24 | $882.3M | $-163.1M | ||
| Q2 24 | $898.0M | $-149.0M | ||
| Q1 24 | $906.9M | $-184.4M |
总资产MATVVATE
| Q4 25 | $2.1B | $950.1M | ||
| Q3 25 | $2.0B | $913.2M | ||
| Q2 25 | $2.1B | $890.9M | ||
| Q1 25 | $2.1B | $868.0M | ||
| Q4 24 | $2.4B | $891.1M | ||
| Q3 24 | $2.6B | $897.2M | ||
| Q2 24 | $2.6B | $898.9M | ||
| Q1 24 | $2.7B | $943.5M |
负债/权益比MATVVATE
| 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 | $101.1M |
| 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MATVVATE
| Q4 25 | $19.3M | $101.1M | ||
| Q3 25 | $72.8M | $19.2M | ||
| Q2 25 | $57.6M | $40.4M | ||
| Q1 25 | $-15.9M | $-14.1M | ||
| Q4 24 | $24.1M | $41.4M | ||
| Q3 24 | $37.6M | $-28.4M | ||
| Q2 24 | $46.1M | $21.5M | ||
| Q1 24 | $-13.0M | $-25.4M |
自由现金流MATVVATE
| Q4 25 | $8.0M | — | ||
| Q3 25 | $66.7M | $19.0M | ||
| Q2 25 | $48.9M | — | ||
| Q1 25 | $-29.8M | $-18.8M | ||
| Q4 24 | $2.0M | $34.2M | ||
| Q3 24 | $25.5M | $-31.5M | ||
| Q2 24 | $37.4M | $18.4M | ||
| Q1 24 | $-25.1M | $-31.0M |
自由现金流率MATVVATE
| Q4 25 | 1.7% | — | ||
| Q3 25 | 13.0% | 5.5% | ||
| Q2 25 | 9.3% | — | ||
| Q1 25 | -6.1% | -6.9% | ||
| Q4 24 | 0.4% | 14.5% | ||
| Q3 24 | 5.1% | -13.0% | ||
| Q2 24 | 7.1% | 5.9% | ||
| Q1 24 | -5.0% | -9.8% |
资本支出强度MATVVATE
| Q4 25 | 2.4% | — | ||
| Q3 25 | 1.2% | 0.1% | ||
| Q2 25 | 1.7% | — | ||
| Q1 25 | 2.9% | 1.7% | ||
| Q4 24 | 4.8% | 3.0% | ||
| Q3 24 | 2.4% | 1.3% | ||
| Q2 24 | 1.7% | 1.0% | ||
| Q1 24 | 2.4% | 1.8% |
现金转化率MATVVATE
| Q4 25 | 0.19× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 16.07× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.49× | ||
| 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% |
VATE
| Commercial Revenue | $126.1M | 33% |
| Industrial Revenue | $87.5M | 23% |
| Transportation Revenue | $58.4M | 15% |
| Healthcare Revenue | $48.4M | 13% |
| Government Revenue | $44.3M | 12% |
| Energy Revenue | $8.0M | 2% |
| Broadcast Station Revenue | $5.7M | 1% |
| Systems And Consumables Revenue | $3.1M | 1% |
| Leisure Revenue | $200.0K | 0% |
