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Mativ Holdings, Inc.（MATV）与温德姆酒店及度假村集团（WH）财务数据对比。点击上方公司名可切换其他公司
Mativ Holdings, Inc.的季度营收约是温德姆酒店及度假村集团的1.4倍（$463.1M vs $334.0M），Mativ Holdings, Inc.净利率更高（21.8% vs -18.0%，领先39.7%），Mativ Holdings, Inc.同比增速更快（1.0% vs -76.3%），温德姆酒店及度假村集团自由现金流更多（$168.0M vs $8.0M），过去两年Mativ Holdings, Inc.的营收复合增速更高（-3.8% vs -4.6%）
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。
温德姆酒店及度假村集团是总部位于美国新泽西州帕西帕尼的酒店企业，自称是全球规模最大的酒店特许经营商，在全球范围内共设有9100家门店，旗下拥有多个酒店及度假住宿品牌，服务全球各地的出行旅客。
MATV vs WH — 直观对比
营收规模更大
MATV
是对方的1.4倍
$334.0M
营收增速更快
MATV
高出77.3%
-76.3%
净利率更高
MATV
高出39.7%
-18.0%
自由现金流更多
WH
多$160.0M
$8.0M
两年增速更快
MATV
近两年复合增速
-4.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $463.1M | $334.0M |
| 净利润 | $100.8M | $-60.0M |
| 毛利率 | 18.8% | — |
| 营业利润率 | 2.2% | — |
| 净利率 | 21.8% | -18.0% |
| 营收同比 | 1.0% | -76.3% |
| 净利润同比 | 6620.0% | -170.6% |
| 每股收益（稀释后） | $1.87 | $-0.80 |
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MATVWH
| Q1 26 | — | $334.0M | ||
| Q4 25 | $463.1M | $334.0M | ||
| Q3 25 | $513.7M | $382.0M | ||
| Q2 25 | $525.4M | $397.0M | ||
| Q1 25 | $484.8M | $316.0M | ||
| Q4 24 | $458.6M | $336.0M | ||
| Q3 24 | $498.5M | $396.0M | ||
| Q2 24 | $523.8M | $367.0M |
净利润MATVWH
| Q1 26 | — | $-60.0M | ||
| Q4 25 | $100.8M | $-60.0M | ||
| Q3 25 | $-3.2M | $105.0M | ||
| Q2 25 | $-9.5M | $87.0M | ||
| Q1 25 | $-425.5M | $61.0M | ||
| Q4 24 | $1.5M | $85.0M | ||
| Q3 24 | $-20.8M | $102.0M | ||
| Q2 24 | $-1.4M | $86.0M |
毛利率MATVWH
| 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MATVWH
| Q1 26 | — | — | ||
| Q4 25 | 2.2% | -11.4% | ||
| Q3 25 | 3.1% | 46.6% | ||
| Q2 25 | 3.8% | 37.8% | ||
| Q1 25 | -88.8% | 35.4% | ||
| Q4 24 | 0.6% | 38.4% | ||
| Q3 24 | 1.4% | 43.2% | ||
| Q2 24 | 2.0% | 39.5% |
净利率MATVWH
| Q1 26 | — | -18.0% | ||
| Q4 25 | 21.8% | -18.0% | ||
| Q3 25 | -0.6% | 27.5% | ||
| Q2 25 | -1.8% | 21.9% | ||
| Q1 25 | -87.8% | 19.3% | ||
| Q4 24 | 0.3% | 25.3% | ||
| Q3 24 | -4.2% | 25.8% | ||
| Q2 24 | -0.3% | 23.4% |
每股收益（稀释后）MATVWH
| Q1 26 | — | $-0.80 | ||
| Q4 25 | $1.87 | $-0.77 | ||
| Q3 25 | $-0.06 | $1.36 | ||
| Q2 25 | $-0.18 | $1.13 | ||
| Q1 25 | $-7.82 | $0.78 | ||
| Q4 24 | $0.03 | $1.06 | ||
| Q3 24 | $-0.38 | $1.29 | ||
| Q2 24 | $-0.03 | $1.07 |
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 | $64.0M |
| 总债务越低越好 | $1.0B | — |
| 股东权益账面价值 | $498.7M | $468.0M |
| 总资产 | $2.1B | $4.2B |
| 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MATVWH
| Q1 26 | — | $64.0M | ||
| Q4 25 | $84.2M | $64.0M | ||
| Q3 25 | $97.1M | $70.0M | ||
| Q2 25 | $95.6M | $50.0M | ||
| Q1 25 | $84.0M | $48.0M | ||
| Q4 24 | $94.3M | $103.0M | ||
| Q3 24 | $162.2M | $72.0M | ||
| Q2 24 | $133.4M | $70.0M |
总债务MATVWH
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $2.5B | ||
| Q3 25 | $1.0B | $2.6B | ||
| Q2 25 | $1.1B | $2.5B | ||
| Q1 25 | $1.1B | $2.5B | ||
| Q4 24 | $1.1B | $2.4B | ||
| Q3 24 | $1.2B | $2.4B | ||
| Q2 24 | $1.2B | $2.4B |
股东权益MATVWH
| Q1 26 | — | $468.0M | ||
| Q4 25 | $498.7M | $468.0M | ||
| Q3 25 | $397.4M | $583.0M | ||
| Q2 25 | $416.6M | $570.0M | ||
| Q1 25 | $428.2M | $579.0M | ||
| Q4 24 | $858.5M | $650.0M | ||
| Q3 24 | $882.3M | $583.0M | ||
| Q2 24 | $898.0M | $623.0M |
总资产MATVWH
| Q1 26 | — | $4.2B | ||
| Q4 25 | $2.1B | $4.2B | ||
| Q3 25 | $2.0B | $4.3B | ||
| Q2 25 | $2.1B | $4.3B | ||
| Q1 25 | $2.1B | $4.2B | ||
| Q4 24 | $2.4B | $4.2B | ||
| Q3 24 | $2.6B | $4.2B | ||
| Q2 24 | $2.6B | $4.2B |
负债/权益比MATVWH
| Q1 26 | — | — | ||
| Q4 25 | 2.07× | 5.37× | ||
| Q3 25 | 2.63× | 4.43× | ||
| Q2 25 | 2.66× | 4.44× | ||
| Q1 25 | 2.67× | 4.29× | ||
| Q4 24 | 1.30× | 3.72× | ||
| Q3 24 | 1.32× | 4.19× | ||
| Q2 24 | 1.29× | 3.83× |
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 | $367.0M |
| 自由现金流经营现金流 - 资本支出 | $8.0M | $168.0M |
| 自由现金流率自由现金流/营收 | 1.7% | 50.3% |
| 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 | $437.0M |
8季度趋势，按日历期对齐
经营现金流MATVWH
| Q1 26 | — | $367.0M | ||
| Q4 25 | $19.3M | $152.0M | ||
| Q3 25 | $72.8M | $86.0M | ||
| Q2 25 | $57.6M | $70.0M | ||
| Q1 25 | $-15.9M | $59.0M | ||
| Q4 24 | $24.1M | $134.0M | ||
| Q3 24 | $37.6M | $79.0M | ||
| Q2 24 | $46.1M | $1.0M |
自由现金流MATVWH
| Q1 26 | — | $168.0M | ||
| Q4 25 | $8.0M | $136.0M | ||
| Q3 25 | $66.7M | $75.0M | ||
| Q2 25 | $48.9M | $58.0M | ||
| Q1 25 | $-29.8M | $52.0M | ||
| Q4 24 | $2.0M | $109.0M | ||
| Q3 24 | $25.5M | $71.0M | ||
| Q2 24 | $37.4M | $-6.0M |
自由现金流率MATVWH
| Q1 26 | — | 50.3% | ||
| Q4 25 | 1.7% | 40.7% | ||
| Q3 25 | 13.0% | 19.6% | ||
| Q2 25 | 9.3% | 14.6% | ||
| Q1 25 | -6.1% | 16.5% | ||
| Q4 24 | 0.4% | 32.4% | ||
| Q3 24 | 5.1% | 17.9% | ||
| Q2 24 | 7.1% | -1.6% |
资本支出强度MATVWH
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 4.8% | ||
| Q3 25 | 1.2% | 2.9% | ||
| Q2 25 | 1.7% | 3.0% | ||
| Q1 25 | 2.9% | 2.2% | ||
| Q4 24 | 4.8% | 7.4% | ||
| Q3 24 | 2.4% | 2.0% | ||
| Q2 24 | 1.7% | 1.9% |
现金转化率MATVWH
| Q1 26 | — | — | ||
| Q4 25 | 0.19× | — | ||
| Q3 25 | — | 0.82× | ||
| Q2 25 | — | 0.80× | ||
| Q1 25 | — | 0.97× | ||
| Q4 24 | 16.07× | 1.58× | ||
| Q3 24 | — | 0.77× | ||
| Q2 24 | — | 0.01× |
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% |
WH
| Fee-related and other revenues | $334.0M | 100% |
| Management and other fees | $2.0M | 1% |
