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Mativ Holdings, Inc.（MATV）与Vestis Corp（VSTS）财务数据对比。点击上方公司名可切换其他公司
Vestis Corp的季度营收约是Mativ Holdings, Inc.的1.4倍（$663.4M vs $463.1M），Mativ Holdings, Inc.净利率更高（21.8% vs -1.0%，领先22.7%），Mativ Holdings, Inc.同比增速更快（1.0% vs -3.0%），Vestis Corp自由现金流更多（$28.3M vs $8.0M），过去两年Vestis Corp的营收复合增速更高（-3.0% 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。
Vestis Corp是北美领先的工作制服、安全防护服饰及配套设施服务供应商，服务覆盖医疗、制造、零售、餐饮住宿、公共服务等多个领域，为企业客户提供定制化的制服租赁、清洁与日常维护解决方案。
MATV vs VSTS — 直观对比
营收规模更大
VSTS
是对方的1.4倍
$463.1M
营收增速更快
MATV
高出4.0%
-3.0%
净利率更高
MATV
高出22.7%
-1.0%
自由现金流更多
VSTS
多$20.3M
$8.0M
两年增速更快
VSTS
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $463.1M | $663.4M |
| 净利润 | $100.8M | $-6.4M |
| 毛利率 | 18.8% | — |
| 营业利润率 | 2.2% | 2.5% |
| 净利率 | 21.8% | -1.0% |
| 营收同比 | 1.0% | -3.0% |
| 净利润同比 | 6620.0% | -868.1% |
| 每股收益（稀释后） | $1.87 | $-0.05 |
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MATVVSTS
| Q1 26 | — | $663.4M | ||
| Q4 25 | $463.1M | $712.0M | ||
| Q3 25 | $513.7M | — | ||
| Q2 25 | $525.4M | $673.8M | ||
| Q1 25 | $484.8M | $665.2M | ||
| Q4 24 | $458.6M | $683.8M | ||
| Q3 24 | $498.5M | $684.3M | ||
| Q2 24 | $523.8M | $698.2M |
净利润MATVVSTS
| Q1 26 | — | $-6.4M | ||
| Q4 25 | $100.8M | $-12.5M | ||
| Q3 25 | $-3.2M | — | ||
| Q2 25 | $-9.5M | $-676.0K | ||
| Q1 25 | $-425.5M | $-27.8M | ||
| Q4 24 | $1.5M | $832.0K | ||
| Q3 24 | $-20.8M | $-2.3M | ||
| Q2 24 | $-1.4M | $5.0M |
毛利率MATVVSTS
| Q1 26 | — | — | ||
| 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% | — |
营业利润率MATVVSTS
| Q1 26 | — | 2.5% | ||
| Q4 25 | 2.2% | 2.5% | ||
| Q3 25 | 3.1% | — | ||
| Q2 25 | 3.8% | 3.7% | ||
| Q1 25 | -88.8% | -1.3% | ||
| Q4 24 | 0.6% | 4.4% | ||
| Q3 24 | 1.4% | 4.4% | ||
| Q2 24 | 2.0% | 5.4% |
净利率MATVVSTS
| Q1 26 | — | -1.0% | ||
| Q4 25 | 21.8% | -1.8% | ||
| Q3 25 | -0.6% | — | ||
| Q2 25 | -1.8% | -0.1% | ||
| Q1 25 | -87.8% | -4.2% | ||
| Q4 24 | 0.3% | 0.1% | ||
| Q3 24 | -4.2% | -0.3% | ||
| Q2 24 | -0.3% | 0.7% |
每股收益（稀释后）MATVVSTS
| Q1 26 | — | $-0.05 | ||
| Q4 25 | $1.87 | $-0.10 | ||
| Q3 25 | $-0.06 | — | ||
| Q2 25 | $-0.18 | $-0.01 | ||
| Q1 25 | $-7.82 | $-0.21 | ||
| Q4 24 | $0.03 | $0.01 | ||
| Q3 24 | $-0.38 | $-0.02 | ||
| Q2 24 | $-0.03 | $0.04 |
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 | $41.5M |
| 总债务越低越好 | $1.0B | — |
| 股东权益账面价值 | $498.7M | $864.4M |
| 总资产 | $2.1B | $2.9B |
| 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MATVVSTS
| Q1 26 | — | $41.5M | ||
| Q4 25 | $84.2M | $29.7M | ||
| Q3 25 | $97.1M | — | ||
| Q2 25 | $95.6M | $23.7M | ||
| Q1 25 | $84.0M | $28.8M | ||
| Q4 24 | $94.3M | $18.6M | ||
| Q3 24 | $162.2M | $31.0M | ||
| Q2 24 | $133.4M | $29.1M |
总债务MATVVSTS
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $1.2B | ||
| 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 | — |
股东权益MATVVSTS
| Q1 26 | — | $864.4M | ||
| Q4 25 | $498.7M | $865.6M | ||
| Q3 25 | $397.4M | — | ||
| Q2 25 | $416.6M | $882.2M | ||
| Q1 25 | $428.2M | $876.3M | ||
| Q4 24 | $858.5M | $899.6M | ||
| Q3 24 | $882.3M | $903.1M | ||
| Q2 24 | $898.0M | $901.2M |
总资产MATVVSTS
| Q1 26 | — | $2.9B | ||
| Q4 25 | $2.1B | $2.9B | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.1B | $2.9B | ||
| Q1 25 | $2.1B | $2.9B | ||
| Q4 24 | $2.4B | $2.9B | ||
| Q3 24 | $2.6B | $2.9B | ||
| Q2 24 | $2.6B | $3.1B |
负债/权益比MATVVSTS
| Q1 26 | — | — | ||
| Q4 25 | 2.07× | 1.35× | ||
| Q3 25 | 2.63× | — | ||
| Q2 25 | 2.66× | — | ||
| Q1 25 | 2.67× | — | ||
| Q4 24 | 1.30× | — | ||
| Q3 24 | 1.32× | 1.29× | ||
| Q2 24 | 1.29× | — |
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 | $37.7M |
| 自由现金流经营现金流 - 资本支出 | $8.0M | $28.3M |
| 自由现金流率自由现金流/营收 | 1.7% | 4.3% |
| 资本支出强度资本支出/营收 | 2.4% | 1.4% |
| 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 | $45.0M |
8季度趋势，按日历期对齐
经营现金流MATVVSTS
| Q1 26 | — | $37.7M | ||
| Q4 25 | $19.3M | $30.9M | ||
| Q3 25 | $72.8M | — | ||
| Q2 25 | $57.6M | $22.9M | ||
| Q1 25 | $-15.9M | $6.7M | ||
| Q4 24 | $24.1M | $3.8M | ||
| Q3 24 | $37.6M | $295.6M | ||
| Q2 24 | $46.1M | $48.7M |
自由现金流MATVVSTS
| Q1 26 | — | $28.3M | ||
| Q4 25 | $8.0M | $15.6M | ||
| Q3 25 | $66.7M | — | ||
| Q2 25 | $48.9M | $8.0M | ||
| Q1 25 | $-29.8M | $-6.9M | ||
| Q4 24 | $2.0M | $-11.0M | ||
| Q3 24 | $25.5M | $267.5M | ||
| Q2 24 | $37.4M | $27.7M |
自由现金流率MATVVSTS
| Q1 26 | — | 4.3% | ||
| Q4 25 | 1.7% | 2.2% | ||
| Q3 25 | 13.0% | — | ||
| Q2 25 | 9.3% | 1.2% | ||
| Q1 25 | -6.1% | -1.0% | ||
| Q4 24 | 0.4% | -1.6% | ||
| Q3 24 | 5.1% | 39.1% | ||
| Q2 24 | 7.1% | 4.0% |
资本支出强度MATVVSTS
| Q1 26 | — | 1.4% | ||
| Q4 25 | 2.4% | 2.2% | ||
| Q3 25 | 1.2% | — | ||
| Q2 25 | 1.7% | 2.2% | ||
| Q1 25 | 2.9% | 2.0% | ||
| Q4 24 | 4.8% | 2.2% | ||
| Q3 24 | 2.4% | 4.1% | ||
| Q2 24 | 1.7% | 3.0% |
现金转化率MATVVSTS
| Q1 26 | — | — | ||
| Q4 25 | 0.19× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 16.07× | 4.54× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 9.66× |
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% |
VSTS
| Workplace Supplies | $375.2M | 57% |
| Uniforms | $227.7M | 34% |
| Other | $60.5M | 9% |
