Mativ Holdings Inc. (MATV) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 26	$0.28	$0.5	+78.6%	—	—	—
Q2 26	$0.02	$0.06	+200.0%	—	—	—
Q1 26	$1.61	$1.87	+16.1%	—	—	—
Q4 25	$0.31	$0.39	+25.8%	—	—	—
Q3 25	$0.2	$0.33	+65.0%	—	—	—
Q2 25	-$0.11	-$0.14	-27.3%	—	—	—
Q1 25	$0.02	$0.05	+150.0%	—	—	—
Q4 24	$0.28	$0.21	-25.0%	—	—	—
Q3 24	$0.23	$0.34	+47.8%	—	—	—
Q2 24	$0.2	$0.02	-90.0%	—	—	—
Q1 24	$0.14	$0.23	+64.3%	—	—	—
Q4 23	$0.09	$0.21	+133.3%	—	—	—
Q3 23	$0.38	$0.51	+34.2%	—	—	—
Q2 23	$0.26	$0.25	-3.8%	—	—	—
Q1 23	$0.66	$0.56	-15.2%	—	—	—
Q4 22	$0.81	$0.74	-8.6%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$6.19	—	—	$2B	—
FY24	—	-$0.9	—	—	$2B	—
FY23	—	-$5.69	—	—	$2B	—
FY22	—	-$0.18	—	—	$1.6B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$839.9M	$982.1M	$1B	$1B	$1.1B	$930.7M	$1.6B	$2B	$2B	$2B
YoY change	+9.92%	+16.9%	+6.03%	-1.78%	+5.04%	-13.4%	+75.9%	+23.8%	-2.22%	+0.3%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	839.9M	982.1M	1B	1B	1.1B	930.7M	1.6B	2B	2B	2B
Cost of revenue	582M	698.7M	762.8M	732.8M	766.1M	747.5M	1.3B	1.7B	1.6B	1.6B
Gross profit	257.9M	283.4M	278.5M	290M	308.3M	183.2M	306M	355.8M	364.1M	362.9M
Gross margin	30.7%	28.9%	26.7%	28.4%	28.7%	19.7%	18.7%	17.6%	18.4%	18.3%
Research & development	17.5M	17.8M	15.2M	13.5M	13.8M	11.8M	18.8M	21.2M	23M	23.6M
Selling, general & administrative	104.8M	129.2M	126.6M	138.8M	153.8M	185.7M	308.3M	324.9M	233.8M	228.7M
Operating expenses	122.3M	147M	141.8M	152.3M	167.6M	197.5M	327.1M	346.1M	256.8M	252.3M
Operating income	135.6M	136.4M	136.7M	137.7M	140.7M	-14.3M	-21.1M	9.7M	44.4M	47.4M
Operating margin	16.1%	13.9%	13.1%	13.5%	13.1%	-1.54%	-1.29%	0.48%	2.24%	2.39%
Non-operating income, net	-25.6M	-8M	8.3M	-4.7M	-12.9M	28.2M	-18.1M	-428.4M	-48.6M	-439.3M
Pretax income	93.4M	101.5M	116.8M	96.9M	97.3M	-26.5M	-96.5M	-480.9M	-78.9M	-463M
Income tax	15.4M	69.6M	10.7M	15.2M	18.4M	-28.2M	-27.6M	26.8M	-30.2M	-125.6M
Net income	82.8M	34.3M	94.5M	85.8M	83.8M	88.9M	-6.6M	-309.5M	-48.7M	-337.4M
Net margin	9.86%	3.49%	9.08%	8.39%	7.8%	9.55%	-0.4%	-15.3%	-2.46%	-17%
EBITDA	180.1M	196M	208.3M	194.4M	209.8M	82.9M	89.8M	152.7M	185M	180.9M
EPS	2.71	1.12	3.07	2.78	2.68	2.83	-0.18	-5.69	-0.9	-6.19
Diluted EPS	2.7	1.12	3.06	2.76	2.66	2.8	-0.18	-5.69	-0.9	-6.19

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	498.2M	452.3M	500.2M	523.8M	498.5M	458.6M	484.8M	525.4M	513.7M	463.1M	479.6M	531.8M
Cost of revenue	411.5M	366.4M	416.2M	414.9M	404.9M	381M	412.2M	421.7M	414.3M	375.9M	394.7M	418.5M
Gross profit	86.7M	85.9M	84M	108.9M	93.6M	77.6M	72.6M	103.7M	99.4M	87.2M	84.9M	113.3M
Gross margin	17.4%	19%	16.8%	20.8%	18.8%	16.9%	15%	19.7%	19.3%	18.8%	17.7%	21.3%
Research & development	5.4M	4.6M	6M	5.8M	5.7M	5.5M	6.3M	6.7M	5.6M	5M	5.5M	4.9M
Selling, general & administrative	83.9M	78.5M	77.4M	80.8M	69.7M	5.9M	63.3M	57.2M	53.7M	54.5M	54.8M	56.6M
Operating expenses	89.3M	83.1M	83.4M	86.6M	75.4M	11.4M	69.6M	63.9M	59.3M	59.5M	60.3M	61.5M
Operating income	-2.6M	2.8M	600K	22.3M	18.2M	3.3M	-12.4M	23.9M	24.1M	11.8M	8.6M	36M
Operating margin	-0.52%	0.62%	0.12%	4.26%	3.65%	0.72%	-2.56%	4.55%	4.69%	2.55%	1.79%	6.77%
Non-operating income, net	-417.6M	-6.2M	-12.7M	-12.9M	-23.9M	900K	-420M	-2.3M	-12M	-5M	200K	-9.9M
Pretax income	-437M	-16.8M	-30.4M	-9M	-24M	-15.5M	-450.2M	3M	-5.6M	-10.2M	-8.7M	6.8M
Income tax	27.3M	-3.2M	-2.4M	-7.6M	-3.2M	-17M	-24.7M	12.5M	-2.4M	-111M	3M	3.2M
Net income	-455M	157.7M	-28M	-1.4M	-20.8M	1.5M	-425.5M	-9.6M	-3.4M	100.6M	-11.7M	3.6M
Net margin	-91.3%	34.9%	-5.6%	-0.27%	-4.17%	0.33%	-87.8%	-1.83%	-0.66%	21.7%	-2.44%	0.68%
EBITDA	34.3M	37M	38.6M	57.6M	41.2M	47.6M	21.1M	61.6M	55M	43.2M	44.9M	70.2M
EPS	-8.33	2.91	-0.52	-0.03	-0.38	0.03	-7.82	-0.18	-0.06	1.84	-0.22	0.06
Diluted EPS	-8.33	2.89	-0.52	-0.03	-0.38	0.03	-7.82	-0.18	-0.06	1.8	-0.22	0.06

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	1.4B	1.4B	765.3M	1.3B	1.2B	927.8M	—	—	592M	663.5M	653.5M
Enterprise value	1.7B	2B	1.3B	1.7B	1.8B	2.1B	—	—	1.7B	1.7B	1.6B
Shares outstanding	30.3M	30.4M	30.6M	30.7M	30.8M	31M	42.4M	54.5M	54.3M	54.6M	54.6M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	16.7	40.2	8.1	15	14.8	10.4	—	—	—	—	7.27
P/S	1.64	1.4	0.73	1.26	1.15	1	—	—	0.3	0.33	0.33
P/B	2.72	2.52	1.37	2.15	1.91	1.36	—	—	0.69	1.33	1.4
EV/EBITDA	9.51	9.98	6.21	8.88	8.48	25.9	—	—	8.92	9.19	7.46
EV/Sales	2.04	1.99	1.24	1.69	1.66	2.31	—	—	0.83	0.84	0.82
Earnings yield	6%	2.49%	12.3%	6.67%	6.76%	9.58%	—	—	—	—	13.8%
FCF yield	7.18%	6.55%	14.3%	9.81%	10.3%	3.86%	—	—	6.62%	14.1%	28%
PEG	—	—	—	—	—	—	—	—	—	—	-0.05

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	30.7%	28.9%	26.7%	28.4%	28.7%	19.7%	18.7%	17.6%	18.4%	18.3%	21.3%
Operating margin	16.1%	13.9%	13.1%	13.5%	13.1%	-1.54%	-1.29%	0.48%	2.24%	2.39%	6.81%
Net margin	9.86%	3.49%	9.08%	8.39%	7.8%	9.55%	-0.4%	-15.3%	-2.46%	-17%	4.5%
ROE	16.3%	6.27%	16.9%	14.4%	12.9%	13%	-0.56%	-32.6%	-5.67%	-67.7%	20.2%
ROA	7.05%	2.22%	6.44%	5.83%	5.29%	3.67%	-0.18%	-11.7%	-1.99%	-16.4%	2.51%
ROIC	13.5%	3.81%	11.4%	11.2%	9.6%	-0.75%	-0.75%	0.49%	2.32%	3.16%	5.59%
Return on tangible assets	23.6%	13.7%	41.4%	31.7%	68.5%	130.5%	-1.25%	-74.6%	-11.9%	-37.2%	9.62%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.68	2.94	2.99	2.71	2.38	2.57	2.09	2.53	2.4	2.24	1.98
Quick ratio	1.8	1.89	1.94	1.69	1.3	1.45	1.2	1.28	1.1	1.08	0.95
Debt / equity	0.87	1.25	1.12	0.91	0.91	1.9	1.48	1.23	1.34	2.17	2.2
Debt / assets	0.38	0.44	0.42	0.37	0.37	0.54	0.47	0.44	0.47	0.53	0.52
Net debt / EBITDA	1.85	2.95	2.54	2.26	2.57	14.7	18.3	6.87	5.72	5.53	4.54
Interest coverage	6.63	4.77	5.14	3.68	4.19	0.34	-0.68	-6.73	-0.06	-5.51	0.75
Effective tax rate	16.5%	68.6%	9.16%	15.7%	18.9%	0%	0%	0%	0%	0%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	27.7	32.3	34.1	33.4	34.8	30	38.6	37.2	36.5	36.4	36.3
EPS (basic)	2.71	1.12	3.07	2.78	2.68	2.83	-0.18	-5.69	-0.9	-6.19	-6.19
EPS (diluted)	2.7	1.12	3.06	2.76	2.66	2.8	-0.18	-5.69	-0.9	-6.19	1.64
Book value per share	16.8	18	18.3	19.5	21.1	22	27.8	17.4	15.8	9.13	8.54
FCF per share	3.27	2.97	3.58	4.12	4.16	1.15	3.63	0.74	0.72	1.72	2.29
Cash per share	3.54	3.52	3.07	3.36	1.77	2.41	2.38	2.21	1.74	1.54	1.22
Capex per share	—	—	—	—	—	—	—	—	—	0.73	0.6

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	—	—	—	—	—	—	2.01%	1.67%
Capex / operating cash flow	—	—	—	—	—	—	—	—	—	29.9%	20.7%
Payout ratio	59.7%	151.3%	56.3%	63.4%	65.6%	62.2%	-1.1K%	-17.9%	-44.4%	-6.61%	24.4%
Dividend yield	3.58%	3.76%	6.95%	4.23%	4.44%	5.96%	—	—	3.65%	3.36%	3.38%

Yield

3.38%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.10

ex-dividend Aug 28, 2026

Payout ratio

24%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 28, 2026	$0.10
May 29, 2026	$0.10
Mar 13, 2026	$0.10

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$498.2M	$452.3M	$500.2M	$523.8M	$498.5M	$458.6M	$484.8M	$525.4M	$513.7M	$463.1M	$479.6M	$531.8M
YoY change	-9.66%	-31.5%	-8.89%	-0.51%	+0.06%	+1.39%	-3.08%	+0.31%	+3.05%	+0.98%	-1.07%	+1.22%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	107.4M	106.9M	93.8M	103M	54.7M	74.7M	101.1M	120.2M	94.3M	84.2M
Receivables	98.2M	120.2M	130.9M	114.6M	130.9M	208.9M	144.4M	147.2M	132.2M	164.5M
Inventory	119.4M	155.2M	151.5M	161.4M	179.7M	259.5M	414.6M	352.9M	355.1M	329.1M
Total current assets	364.3M	433.1M	429.2M	427.5M	396.4M	594.6M	974.7M	712.5M	658.1M	638.6M
Property, plant & equipment	188.9M	216.8M	198.3M	208.9M	214.8M	294.5M	563M	544.7M	490.3M	467.3M
Goodwill & intangibles	822.8M	1.3B	1.2B	1.2B	1.5B	2.4B	3.1B	2.2B	2B	1.1B
Total assets	1.2B	1.5B	1.5B	1.5B	1.6B	2.4B	3.7B	2.6B	2.4B	2.1B
Accounts payable	50.3M	59.4M	65.7M	66.4M	60.5M	116M	180.6M	139.3M	151.7M	160.7M
Short-term debt	3M	5.1M	3.3M	1.9M	2.8M	10.5M	43M	14.1M	13.7M	13.7M
Total current liabilities	135.8M	147.1M	143.5M	157.6M	166.9M	231.1M	466.2M	281.4M	274.5M	285.3M
Long-term debt	437.4M	679.1M	618.8M	540.8M	590.5M	1.3B	1.7B	1.2B	1.1B	1.1B
Total liabilities	665.4M	995.8M	908.6M	874M	935.3M	1.7B	2.5B	1.7B	1.6B	1.6B
Shareholders' equity	508.3M	546.7M	557.9M	597.7M	649.6M	682.2M	1.2B	949.1M	858.5M	498.7M
Total debt	440.4M	684.2M	622.1M	542.7M	593.3M	1.3B	1.7B	1.2B	1.2B	1.1B
Net debt	333M	577.3M	528.3M	439.7M	538.6M	1.2B	1.6B	1B	1.1B	999.7M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	84.7M	120.2M	128.9M	133.4M	162.2M	94.3M	84M	95.6M	97.1M	84.2M	82.3M	66.3M
Receivables	179.3M	147.2M	225.8M	218.2M	208.5M	132.2M	202.1M	208.9M	200.6M	164.5M	202.8M	211.2M
Inventory	364.6M	352.9M	341M	347.2M	354.3M	355.1M	346M	344.5M	330.3M	329.1M	334.7M	340.3M
Total current assets	914.4M	712.5M	759.3M	751.7M	777.3M	658.1M	686.2M	701.4M	672.4M	638.6M	664.9M	655.2M
Property, plant & equipment	720.8M	544.7M	715.8M	695.1M	697.4M	490.3M	684.4M	701M	680.7M	467.3M	655.1M	640.7M
Goodwill & intangibles	2.2B	2.2B	2.2B	2.1B	2.1B	2B	1.2B	1.2B	1.2B	1.1B	1.1B	1.1B
Total assets	3.1B	2.6B	2.7B	2.6B	2.6B	2.4B	2.1B	2.1B	2B	2.1B	2B	2B
Accounts payable	149.3M	139.3M	165.9M	168.6M	172.7M	151.7M	176.9M	172.9M	185.1M	160.7M	183.5M	199M
Short-term debt	43.9M	14.1M	14.4M	14M	13.9M	13.7M	13.6M	14.4M	13.8M	13.7M	12.2M	13.4M
Total current liabilities	403.5M	281.4M	299.5M	305.1M	328M	274.5M	288.1M	295.5M	314.7M	285.3M	294.1M	331.3M
Long-term debt	1.8B	1.2B	1.2B	1.2B	1.2B	1.1B	1.2B	1.1B	1.1B	1.1B	1.1B	1B
Total liabilities	2.4B	1.7B	1.7B	1.7B	1.7B	1.6B	1.6B	1.7B	1.6B	1.6B	1.6B	1.5B
Shareholders' equity	673M	949.1M	906.9M	898M	882.3M	858.5M	428.2M	416.6M	397.4M	498.7M	472.3M	470.7M
Total debt	1.8B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.1B	1.1B	1.1B	1B
Net debt	1.7B	1B	1.1B	1.1B	1B	1.1B	1.1B	1.1B	999.1M	999.7M	1B	968.6M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	82.8M	34.4M	94.8M	85.8M	83.8M	1.7M	-68.9M	-507.7M	-48.7M	-337.4M
Depreciation & amortization	44.5M	59.5M	61.6M	57.7M	70.1M	67.1M	109.9M	147.8M	143.8M	141M
Stock-based compensation	5.8M	7.1M	4.8M	7.7M	8.8M	8.5M	20.4M	10.5M	11.4M	11.1M
Change in working capital	-7.5M	-2.6M	-15.2M	1.4M	-14.1M	-16.5M	78.9M	-10.2M	900K	12.8M
Operating cash flow	111.5M	137.4M	131.7M	161.6M	143.8M	28.7M	143.5M	-329.5M	73.7M	133.8M
Capital expenditure	—	—	—	—	—	—	—	—	—	-40M
Investing cash flow	8.2M	-277.8M	2.2M	19.3M	-169.8M	-596.1M	-421.1M	5M	12.6M	-40.4M
Dividends paid	-49.4M	-51.9M	-53.2M	-54.4M	-55M	-55.3M	-72.2M	-55.3M	-21.6M	-22.3M
Share repurchases	-700K	-1.2M	-3M	-900K	-1M	-3.4M	-6.9M	-10.6M	-800K	-1.4M
Financing cash flow	-185.7M	179.5M	-120.9M	-135.8M	-8.6M	600.6M	332.5M	-662M	-55.9M	-106.7M
Net change in cash	-66M	39.1M	13M	45.1M	-34.6M	33.2M	54.9M	-986.5M	30.4M	-13.3M
Free cash flow	99.1M	90.3M	109.4M	126.2M	128.3M	35.8M	154M	40.2M	39.2M	93.8M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	-464.3M	-13.6M	-28M	-1.4M	-20.8M	1.5M	-425.5M	-9.5M	-3.2M	100.8M	-11.7M	3.6M
Depreciation & amortization	37.2M	35.4M	36.3M	36.4M	35.7M	35.4M	35.3M	36.2M	34.8M	34.7M	34.8M	34.7M
Stock-based compensation	2.5M	1.2M	2.7M	3.3M	2.7M	2.7M	3.6M	2.6M	2.4M	2.5M	2.1M	1.5M
Change in working capital	24.6M	-3.2M	-13.3M	11.8M	600K	1.8M	-19.7M	11.9M	28.2M	-12.5M	-27.8M	20.4M
Operating cash flow	-372.3M	30.5M	-11.5M	42.7M	13.4M	29.1M	-432M	57.6M	72.8M	19.3M	1M	67.9M
Capital expenditure	—	—	—	—	—	—	—	-8.7M	-6.1M	-11.3M	-8.4M	-7.5M
Investing cash flow	-800K	4.5M	3M	-2.1M	4.9M	6.9M	3.3M	-3.6M	-5.4M	-17.4M	-8.4M	-7.5M
Dividends paid	-5.5M	-5.5M	-5.4M	-5.4M	-5.4M	-5.4M	-5.5M	-5.9M	-5.4M	-5.5M	-5.9M	-5.6M
Share repurchases	-4.2M	-3.6M	-700K	-100K	0	0	-1.1M	-200K	-100K	0	-2M	-100K
Financing cash flow	-15.8M	-648.8M	45.8M	-29.4M	-4.2M	-59.8M	24.5M	-42M	-70.3M	-18.9M	5.9M	-76.7M
Net change in cash	-388.9M	-613.8M	37.3M	11.2M	14.1M	-23.8M	-404.2M	12M	-2.9M	-17M	-1.5M	-16.3M
Free cash flow	18.2M	37.7M	-25.1M	37.3M	25M	1.9M	-29.8M	48.9M	66.7M	8M	-7.4M	60.4M

Mativ Holdings Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history