NYSE : MATV
Mativ Holdings, Inc. — Financial statements
Materials · Specialty Chemicals · United States
Last price 11.25 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 620.89M
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Financial statements
Mativ Holdings, Inc. (MATV) reported revenue of 1.99B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.99B | 1.99B | 1.98B | 2.03B | 1.64B | 930.70M |
| Cost of Revenue | 1.60B | 1.62B | 1.62B | 1.67B | 1.33B | 747.50M |
| Gross Profit | 384.80M | 362.90M | 364.10M | 355.80M | 306.00M | 183.20M |
| Selling, General & Admin | 218.40M | 228.70M | 233.80M | 263.90M | 254.90M | 177.00M |
| Research & Development | 21.00M | 23.60M | 23.00M | 21.20M | 18.80M | 11.80M |
| Amortization of Goodwill & Intangibles | 63.70M | 63.20M | 62.90M | 61.00M | 53.40M | |
| Operating Expenses | 303.10M | 315.50M | 319.70M | 346.10M | 327.10M | 188.80M |
| Operating Income | 81.70M | 47.40M | 44.40M | 9.70M | -21.10M | -5.60M |
| Interest Expense | -71.50M | -71.10M | -74.70M | -62.20M | -57.30M | -40.40M |
| Currency Exchange Gain (Loss) | 4.30M | 9.60M | 6.80M | 2.50M | 5.40M | 4.80M |
| Other Non Operating Income (Expenses) | -11.70M | -17.10M | -10.00M | -7.30M | -4.40M | 25.30M |
| EBT Excluding Unusual Items | 2.80M | -31.20M | -33.50M | -57.30M | -77.40M | -15.90M |
| Merger & Restructuring Charges | -5.20M | -8.10M | -21.90M | -4.00M | -5.10M | -10.60M |
| Impairment of Goodwill | -411.90M | -401.00M | ||||
| Asset Writedown | -6.60M | -11.80M | -16.20M | -18.60M | -14.00M | |
| Other Unusual Items | -8.70M | -7.30M | ||||
| Pretax Income | -17.70M | -463.00M | -78.90M | -480.90M | -96.50M | -26.50M |
| Income Tax Expense | -107.20M | -125.60M | -30.20M | 26.80M | -27.60M | -28.20M |
| Earnings From Continuing Operations | 89.50M | -337.40M | -48.70M | -507.70M | -68.90M | 1.70M |
| Earnings From Discontinued Operations | 198.20M | 62.30M | 87.20M | |||
| Net Income | 89.50M | -337.40M | -48.70M | -309.50M | -6.60M | 88.90M |
| Preferred Dividends & Other Adjustments | 800.00K | 700.00K | 200.00K | 700.00K | 900.00K | 1.10M |
| Net Income to Common | 88.70M | -338.10M | -48.90M | -310.20M | -7.50M | 87.80M |
| Shares Outstanding (Basic) | 54.83M | 54.61M | 54.31M | 54.51M | 42.44M | 31.03M |
| Shares Outstanding (Diluted) | 54.83M | 54.61M | 54.31M | 54.51M | 42.44M | 31.40M |
| EPS (Basic) | 1.62 | -6.19 | -0.90 | -5.69 | -0.18 | 2.83 |
| EPS (Diluted) | 1.62 | -6.19 | -0.90 | -5.69 | -0.18 | 2.83 |
| Free Cash Flow | 127.70M | 93.80M | 39.80M | 40.60M | 156.60M | 38.60M |
| Free Cash Flow Per Share | 2.33 | 1.72 | 0.73 | 0.74 | 3.69 | 1.23 |
| Dividend Per Share | 0.40 | 0.40 | 0.40 | 1.00 | 1.68 | 1.76 |
| Gross Margin | 19.35% | 18.26% | 18.38% | 17.56% | 18.69% | 19.68% |
| Operating Margin | 4.11% | 2.39% | 2.24% | 0.48% | -1.29% | -0.60% |
| Profit Margin | 4.46% | -17.02% | -2.47% | -15.31% | -0.46% | 9.43% |
| Free Cash Flow Margin | 6.42% | 4.72% | 2.01% | 2.00% | 9.57% | 4.15% |
| EBITDA | 217.80M | 185.50M | 185.00M | 152.50M | 84.40M | 58.70M |
| EBITDA Margin | 10.96% | 9.34% | 9.34% | 7.53% | 5.16% | 6.31% |
| D&A For EBITDA | 136.10M | 138.10M | 140.60M | 142.80M | 105.50M | 64.30M |
| EBIT | 81.70M | 47.40M | 44.40M | 9.70M | -21.10M | -5.60M |
| EBIT Margin | 4.11% | 2.39% | 2.24% | 0.48% | -1.29% | -0.60% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 66.30M | 84.20M | 94.30M | 120.20M | 101.10M | 74.70M |
| Cash & Short-Term Investments | 67.50M | 84.20M | 94.30M | 120.20M | 101.10M | 74.70M |
| Accounts Receivable | 208.70M | 160.80M | 128.90M | 144.00M | 142.40M | 207.50M |
| Other Receivables | 10.60M | 36.70M | 46.70M | 60.50M | 51.70M | 40.10M |
| Receivables | 219.30M | 197.50M | 175.60M | 204.50M | 194.10M | 247.60M |
| Inventory | 340.30M | 329.10M | 355.10M | 352.90M | 414.60M | 259.50M |
| Restricted Cash | 4.50M | 5.60M | ||||
| Other Current Assets | 23.60M | 22.20M | 33.10M | 34.90M | 264.90M | 12.80M |
| Total Current Assets | 655.20M | 638.60M | 658.10M | 712.50M | 974.70M | 594.60M |
| Property, Plant & Equipment | 640.70M | 673.30M | 682.90M | 736.30M | 739.40M | 489.00M |
| Long-Term Investments | 2.40M | 1.10M | 10.10M | 10.90M | 38.10M | 67.90M |
| Goodwill | 56.30M | 57.60M | 465.60M | 474.10M | 844.20M | 648.30M |
| Other Intangible Assets | 475.90M | 514.20M | 553.40M | 631.30M | 725.90M | 527.80M |
| Long-Term Deferred Tax Assets | 98.60M | 104.00M | 8.10M | 6.40M | 34.40M | 33.90M |
| Other Long-Term Assets | 61.60M | 62.80M | 69.70M | 70.90M | 312.50M | 58.80M |
| Total Assets | 1.99B | 2.05B | 2.45B | 2.64B | 3.67B | 2.42B |
| Accounts Payable | 199.00M | 160.70M | 151.70M | 139.30M | 180.60M | 116.00M |
| Accrued Expenses | 117.50M | 109.40M | 100.70M | 112.20M | 126.80M | 102.00M |
| Current Portion of Long-Term Debt | 4.40M | 2.90M | 2.60M | 2.80M | 33.60M | 2.70M |
| Current Portion of Leases | 9.00M | 10.80M | 11.10M | 11.30M | 9.40M | 7.80M |
| Current Income Taxes Payable | 1.30M | 1.50M | 8.40M | 14.30M | 10.20M | 2.60M |
| Other Current Liabilities | 100.00K | 1.50M | 105.60M | |||
| Total Current Liabilities | 331.30M | 285.30M | 274.50M | 281.40M | 466.20M | 231.10M |
| Long-Term Debt | 970.10M | 1.02B | 1.09B | 1.11B | 1.66B | 1.27B |
| Long-Term Leases | 51.40M | 54.90M | 52.70M | 53.50M | 42.60M | 21.00M |
| Pension & Post-Retirement Benefits | 49.90M | 53.80M | 54.30M | 62.20M | 60.30M | 39.00M |
| Long-Term Deferred Tax Liabilities | 71.10M | 74.90M | 100.90M | 142.30M | 152.10M | 95.10M |
| Other Long-Term Liabilities | 46.20M | 68.40M | 20.30M | 47.20M | 105.60M | 85.00M |
| Total Liabilities | 1.52B | 1.55B | 1.59B | 1.69B | 2.49B | 1.74B |
| Common Stock | 5.50M | 5.50M | 5.40M | 5.40M | 5.50M | 3.10M |
| Additional Paid-In Capital | 686.60M | 685.00M | 675.70M | 669.60M | 658.50M | 101.70M |
| Retained Earnings | -215.10M | -195.80M | 164.30M | 235.00M | 610.70M | 696.40M |
| Comprehensive Income & Other | -6.30M | 4.00M | 13.10M | 39.10M | -95.40M | -119.00M |
| Shareholders' Equity | 470.70M | 498.70M | 858.50M | 949.10M | 1.18B | 682.20M |
| Total Liabilities & Equity | 1.99B | 2.05B | 2.45B | 2.64B | 3.67B | 2.42B |
| Total Debt | 1.03B | 1.08B | 1.15B | 1.17B | 1.75B | 1.30B |
| Net Cash (Debt) | -967.40M | -1.00B | -1.06B | -1.05B | -1.65B | -1.22B |
| Net Cash Per Share | -17.64 | -18.31 | -19.49 | -19.34 | -38.82 | -38.97 |
| Filing Date Shares Outstanding | 55.19M | 54.78M | 54.52M | 54.30M | 54.98M | 31.68M |
| Total Common Shares Outstanding | 55.12M | 54.68M | 54.34M | 54.21M | 54.93M | 31.45M |
| Working Capital | 323.90M | 353.30M | 383.60M | 431.10M | 508.50M | 363.50M |
| Book Value Per Share | 8.54 | 9.12 | 15.80 | 17.51 | 21.47 | 21.69 |
| Tangible Book Value | -61.50M | -73.10M | -160.50M | -156.30M | -390.80M | -493.90M |
| Tangible Book Value Per Share | -1.12 | -1.34 | -2.95 | -2.88 | -7.11 | -15.70 |
| Land | 75.40M | 68.20M | 78.30M | 75.90M | 31.60M | |
| Buildings | 206.00M | 192.60M | 191.60M | 176.40M | 194.50M | |
| Machinery | 647.50M | 597.80M | 558.60M | 526.40M | 737.60M | |
| Construction In Progress | 33.30M | 33.80M | 50.00M | 45.40M | 32.60M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 89.50M | -337.40M | -48.70M | -309.50M | -6.60M | 88.90M |
| Depreciation & Amortization | 136.10M | 138.10M | 140.60M | 142.80M | 105.50M | 64.30M |
| Other Amortization | 10.40M | 11.10M | 11.00M | 12.60M | 10.80M | 6.80M |
| Loss (Gain) From Sale of Assets | -300.00K | -300.00K | 5.50M | -2.90M | -35.20M | |
| Asset Writedown & Restructuring Costs | 6.60M | 423.70M | 16.20M | 419.20M | 13.80M | 1.60M |
| Stock-Based Compensation | 8.50M | 11.10M | 11.40M | 10.50M | 20.40M | 8.50M |
| Other Operating Activities | -101.80M | -120.90M | -41.30M | -179.20M | -79.50M | -127.90M |
| Change in Accounts Receivable | -5.60M | -14.80M | 6.30M | 2.00M | 157.10M | 2.70M |
| Change in Inventory | -17.60M | 19.30M | -26.00M | 52.20M | -62.90M | -15.90M |
| Change in Accounts Payable | 31.50M | 8.30M | 20.60M | -64.40M | -15.30M | -3.30M |
| Change in Income Taxes | 2.50M | -4.50M | -3.00M | -9.40M | -15.60M | 1.10M |
| Change in Other Net Operating Assets | 1.20M | 100.00K | 2.20M | -200.00K | -200.00K | 900.00K |
| Operating Cash Flow | 161.00M | 133.80M | 94.80M | 106.60M | 202.20M | 58.00M |
| Capital Expenditures | -33.30M | -40.00M | -55.00M | -66.00M | -45.60M | -19.40M |
| Sale of Property, Plant & Equipment | 1.20M | 2.90M | 5.80M | 7.50M | 35.20M | |
| Cash Acquisitions | -462.50M | -630.50M | ||||
| Sale (Purchase) of Intangibles | -2.60M | -2.80M | ||||
| Other Investing Activities | -3.10M | 100.00K | -7.50M | 613.20M | 21.90M | -18.90M |
| Investing Cash Flow | -35.20M | -37.00M | -56.70M | 547.20M | -481.30M | -636.40M |
| Long-Term Debt Issued | 82.00M | 531.00M | 241.00M | 774.90M | 743.50M | |
| Total Debt Issued | 711.70M | 82.00M | 531.00M | 241.00M | 774.90M | 743.50M |
| Long-Term Debt Repaid | -165.00M | -556.20M | -835.60M | -341.20M | -69.60M | |
| Total Debt Repaid | -814.50M | -165.00M | -556.20M | -835.60M | -341.20M | -69.60M |
| Net Debt Issued (Repaid) | -102.80M | -83.00M | -25.20M | -594.60M | 433.70M | 673.90M |
| Repurchase of Common Stock | -2.20M | -1.40M | -800.00K | -10.60M | -6.90M | -3.40M |
| Common Dividends Paid | -22.40M | -22.30M | -21.60M | -55.30M | -72.20M | -55.30M |
| Other Financing Activities | -32.60M | -8.30M | -2.40M | -23.10M | -15.30M | |
| Financing Cash Flow | -160.00M | -106.70M | -55.90M | -662.90M | 331.50M | 599.90M |
| Foreign Exchange Rate Adjustments | -1.00M | 5.40M | -8.10M | 4.90M | -2.70M | -1.50M |
| Net Cash Flow | -35.20M | -4.50M | -25.90M | -4.20M | 49.70M | 20.00M |
| Free Cash Flow | 127.70M | 93.80M | 39.80M | 40.60M | 156.60M | 38.60M |
| Free Cash Flow Margin | 6.42% | 4.72% | 2.01% | 2.00% | 9.57% | 4.15% |
| Free Cash Flow Per Share | 2.33 | 1.72 | 0.73 | 0.74 | 3.69 | 1.23 |
| Levered Free Cash Flow | 182.97M | 125.69M | 111.06M | 192.49M | -111.60M | -87.85M |
| Unlevered Free Cash Flow | 220.16M | 161.93M | 149.95M | 223.76M | -82.19M | -66.60M |
| Cash Income Tax Paid | 6.30M | 11.50M | 14.90M | 37.50M | 26.00M | 22.40M |
| Change in Working Capital | 12.00M | 8.40M | 100.00K | -19.80M | 63.10M | -14.50M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 625.86M | 664.38M | 592.26M | 829.81M | 1.15B | 940.60M |
| Enterprise Value | 1.59B | 1.66B | 1.64B | 2.55B | 2.89B | 2.18B |
| Last Close Price | 11.34 | 11.79 | 10.05 | 13.78 | 17.83 | 23.85 |
| PE Ratio | 7.01 | 10.71 | ||||
| Forward PE | 11.94 | 13.06 | 13.88 | 14.05 | 7.23 | 16.80 |
| PS Ratio | 0.31 | 0.33 | 0.30 | 0.41 | 0.70 | 1.01 |
| PB Ratio | 1.33 | 1.33 | 0.69 | 0.87 | 0.97 | 1.38 |
| P/FCF Ratio | 4.90 | 7.08 | 14.88 | 20.44 | 7.33 | 24.37 |
| P/OCF Ratio | 3.89 | 4.96 | 6.25 | 7.78 | 5.68 | 16.22 |
| PEG Ratio | 2.41 | 1.74 | 1.76 | 0.90 | 2.80 | |
| EV/Sales Ratio | 0.80 | 0.84 | 0.83 | 1.26 | 1.77 | 2.34 |
| EV/EBITDA Ratio | 7.32 | 8.97 | 8.86 | 16.71 | 34.29 | 37.08 |
| EV/EBIT Ratio | 19.50 | 35.10 | 36.91 | 262.70 | ||
| EV/FCF Ratio | 12.48 | 17.73 | 41.17 | 62.76 | 18.48 | 56.39 |
| Debt / Equity Ratio | 2.20 | 2.17 | 1.34 | 1.24 | 1.48 | 1.90 |
| Debt / EBITDA Ratio | 4.43 | 5.39 | 5.76 | 7.10 | 17.83 | 18.71 |
| Debt / FCF Ratio | 8.10 | 11.56 | 28.97 | 28.92 | 11.17 | 33.64 |
| Net Debt / Equity Ratio | 2.06 | 2.00 | 1.23 | 1.11 | 1.40 | 1.79 |
| Net Debt / EBITDA Ratio | 4.44 | 5.39 | 5.72 | 6.91 | 19.52 | 20.85 |
| Net Debt / FCF Ratio | 7.58 | 10.66 | 26.60 | 25.96 | 10.52 | 31.70 |
| Asset Turnover | 0.98 | 0.88 | 0.78 | 0.64 | 0.54 | 0.47 |
| Inventory Turnover | 4.68 | 4.75 | 4.57 | 4.35 | 3.95 | 3.40 |
| Quick Ratio | 0.87 | 0.99 | 0.98 | 1.15 | 0.63 | 1.40 |
| Current Ratio | 1.98 | 2.24 | 2.40 | 2.53 | 2.09 | 2.57 |
| Return on Equity (ROE) | 20.17% | -49.72% | -5.39% | -47.71% | -7.40% | 0.26% |
| Return on Assets (ROA) | 2.51% | 1.32% | 1.09% | 0.19% | -0.43% | -0.18% |
| Return on Invested Capital (ROIC) | 5.58% | 2.77% | 2.27% | 0.40% | -0.89% | -0.36% |
| Return on Capital Employed (ROCE) | 4.90% | 2.70% | 2.00% | 0.40% | -0.70% | -0.30% |
| Earnings Yield | 14.27% | -50.79% | -8.22% | -37.30% | -0.57% | 9.45% |
| FCF Yield | 20.40% | 14.12% | 6.72% | 4.89% | 13.64% | 4.10% |
| Dividend Yield | 3.53% | 3.29% | 3.67% | 6.53% | 8.04% | 5.88% |
| Payout Ratio | 24.72% | 62.20% | ||||
| Buyback Yield / Dilution | -0.72% | -0.54% | 0.36% | -28.43% | -35.16% | -0.95% |
| Total Shareholder Return | 2.81% | 2.75% | 4.03% | -21.89% | -27.13% | 4.93% |