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Mativ Holdings, Inc.（MATV）与世纪互联（VNET）财务数据对比。点击上方公司名可切换其他公司
Mativ Holdings, Inc.的季度营收约是世纪互联的1.3倍（$463.1M vs $362.7M），Mativ Holdings, Inc.净利率更高（21.8% vs -10.7%，领先32.4%），Mativ Holdings, Inc.自由现金流更多（$8.0M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% 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。
VNET Group即世纪互联，是中国领先的第三方中立数据中心服务商，提供机柜托管、云基础设施、混合云部署及网络管理等解决方案，服务覆盖科技、金融、零售等多领域企业客户，为企业数字化运营提供稳定的算力与网络支撑。
MATV vs VNET — 直观对比
营收规模更大
MATV
是对方的1.3倍
$362.7M
净利率更高
MATV
高出32.4%
-10.7%
自由现金流更多
MATV
多$201.1M
$-193.1M
两年增速更快
VNET
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $463.1M | $362.7M |
| 净利润 | $100.8M | $-38.7M |
| 毛利率 | 18.8% | 20.9% |
| 营业利润率 | 2.2% | 0.5% |
| 净利率 | 21.8% | -10.7% |
| 营收同比 | 1.0% | — |
| 净利润同比 | 6620.0% | — |
| 每股收益（稀释后） | $1.87 | — |
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MATVVNET
| Q4 25 | $463.1M | — | ||
| Q3 25 | $513.7M | $362.7M | ||
| Q2 25 | $525.4M | — | ||
| Q1 25 | $484.8M | $309.5M | ||
| Q4 24 | $458.6M | — | ||
| Q3 24 | $498.5M | $302.2M | ||
| Q2 24 | $523.8M | $274.4M | ||
| Q1 24 | $500.2M | $262.9M |
净利润MATVVNET
| Q4 25 | $100.8M | — | ||
| Q3 25 | $-3.2M | $-38.7M | ||
| Q2 25 | $-9.5M | — | ||
| Q1 25 | $-425.5M | $-2.4M | ||
| Q4 24 | $1.5M | — | ||
| Q3 24 | $-20.8M | $-2.1M | ||
| Q2 24 | $-1.4M | $-1.1M | ||
| Q1 24 | $-28.0M | $-22.0M |
毛利率MATVVNET
| Q4 25 | 18.8% | — | ||
| Q3 25 | 19.3% | 20.9% | ||
| Q2 25 | 19.7% | — | ||
| Q1 25 | 15.0% | 25.2% | ||
| Q4 24 | 16.9% | — | ||
| Q3 24 | 18.8% | 23.2% | ||
| Q2 24 | 20.8% | 21.3% | ||
| Q1 24 | 16.8% | 21.6% |
营业利润率MATVVNET
| Q4 25 | 2.2% | — | ||
| Q3 25 | 3.1% | 0.5% | ||
| Q2 25 | 3.8% | — | ||
| Q1 25 | -88.8% | 0.1% | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | 1.4% | 24.5% | ||
| Q2 24 | 2.0% | 0.2% | ||
| Q1 24 | -2.8% | 0.2% |
净利率MATVVNET
| Q4 25 | 21.8% | — | ||
| Q3 25 | -0.6% | -10.7% | ||
| Q2 25 | -1.8% | — | ||
| Q1 25 | -87.8% | -0.8% | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | -4.2% | -0.7% | ||
| Q2 24 | -0.3% | -0.4% | ||
| Q1 24 | -5.6% | -8.4% |
每股收益（稀释后）MATVVNET
| Q4 25 | $1.87 | — | ||
| Q3 25 | $-0.06 | — | ||
| Q2 25 | $-0.18 | — | ||
| Q1 25 | $-7.82 | — | ||
| Q4 24 | $0.03 | — | ||
| Q3 24 | $-0.38 | — | ||
| Q2 24 | $-0.03 | — | ||
| Q1 24 | $-0.52 | — |
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 | $492.1M |
| 总债务越低越好 | $1.0B | — |
| 股东权益账面价值 | $498.7M | $890.8M |
| 总资产 | $2.1B | $6.1B |
| 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MATVVNET
| Q4 25 | $84.2M | — | ||
| Q3 25 | $97.1M | $492.1M | ||
| Q2 25 | $95.6M | — | ||
| Q1 25 | $84.0M | $544.3M | ||
| Q4 24 | $94.3M | — | ||
| Q3 24 | $162.2M | $219.5M | ||
| Q2 24 | $133.4M | $247.2M | ||
| Q1 24 | $128.9M | $246.9M |
总债务MATVVNET
| Q4 25 | $1.0B | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
股东权益MATVVNET
| Q4 25 | $498.7M | — | ||
| Q3 25 | $397.4M | $890.8M | ||
| Q2 25 | $416.6M | — | ||
| Q1 25 | $428.2M | $927.8M | ||
| Q4 24 | $858.5M | — | ||
| Q3 24 | $882.3M | $902.9M | ||
| Q2 24 | $898.0M | $900.6M | ||
| Q1 24 | $906.9M | $895.1M |
总资产MATVVNET
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.0B | $6.1B | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.1B | $5.4B | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.6B | $4.3B | ||
| Q2 24 | $2.6B | $4.0B | ||
| Q1 24 | $2.7B | $3.9B |
负债/权益比MATVVNET
| Q4 25 | 2.07× | — | ||
| Q3 25 | 2.63× | — | ||
| Q2 25 | 2.66× | — | ||
| Q1 25 | 2.67× | — | ||
| Q4 24 | 1.30× | — | ||
| Q3 24 | 1.32× | 1.28× | ||
| 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 | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $8.0M | $-193.1M |
| 自由现金流率自由现金流/营收 | 1.7% | -53.2% |
| 资本支出强度资本支出/营收 | 2.4% | 84.6% |
| 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 | $-589.7M |
8季度趋势，按日历期对齐
经营现金流MATVVNET
| Q4 25 | $19.3M | — | ||
| Q3 25 | $72.8M | $113.8M | ||
| Q2 25 | $57.6M | — | ||
| Q1 25 | $-15.9M | $27.0M | ||
| Q4 24 | $24.1M | — | ||
| Q3 24 | $37.6M | $108.3M | ||
| Q2 24 | $46.1M | $55.8M | ||
| Q1 24 | $-13.0M | $37.1M |
自由现金流MATVVNET
| Q4 25 | $8.0M | — | ||
| Q3 25 | $66.7M | $-193.1M | ||
| Q2 25 | $48.9M | — | ||
| Q1 25 | $-29.8M | $-220.0M | ||
| Q4 24 | $2.0M | — | ||
| Q3 24 | $25.5M | $-95.0M | ||
| Q2 24 | $37.4M | $-81.6M | ||
| Q1 24 | $-25.1M | $-102.2M |
自由现金流率MATVVNET
| Q4 25 | 1.7% | — | ||
| Q3 25 | 13.0% | -53.2% | ||
| Q2 25 | 9.3% | — | ||
| Q1 25 | -6.1% | -71.1% | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 5.1% | -31.4% | ||
| Q2 24 | 7.1% | -29.8% | ||
| Q1 24 | -5.0% | -38.9% |
资本支出强度MATVVNET
| Q4 25 | 2.4% | — | ||
| Q3 25 | 1.2% | 84.6% | ||
| Q2 25 | 1.7% | — | ||
| Q1 25 | 2.9% | 79.8% | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | 2.4% | 67.3% | ||
| Q2 24 | 1.7% | 50.1% | ||
| Q1 24 | 2.4% | 53.0% |
现金转化率MATVVNET
| Q4 25 | 0.19× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| 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% |
VNET
暂无分部数据
