Mativ (MATV) Financials

$5.82 -0.24 (-3.88%)

As of 11:22 AM Eastern

Annual Income Statements for Mativ

This table shows Mativ's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	-49	-310	-6.60
Consolidated Net Income / (Loss)	-49	-310	-6.60
Net Income / (Loss) Continuing Operations	-49	-508	-69
Total Pre-Tax Income	-79	-481	-97
Total Operating Income	6.30	-414	-40
Total Gross Profit	364	356	306
Total Revenue	1,981	2,026	1,637
Operating Revenue	1,981	2,026	1,637
Total Cost of Revenue	1,617	1,670	1,331
Operating Cost of Revenue	1,617	1,670	1,331
Total Operating Expenses	358	770	346
Selling, General & Admin Expense	234	264	255
Research & Development Expense	23	21	19
Amortization Expense	63	61	53
Impairment Charge	38	424	19
Total Other Income / (Expense), net	-85	-67	-56
Interest Expense	82	62	57
Other Income / (Expense), net	-3.20	-4.80	1.00
Income Tax Expense	-30	27	-28
Net Income / (Loss) Discontinued Operations	0.00	198	62
Basic Earnings per Share	($0.90)	($5.69)	($0.18)
Weighted Average Basic Shares Outstanding	54.31M	54.51M	42.44M
Diluted Earnings per Share	($0.90)	($5.69)	($0.18)
Weighted Average Diluted Shares Outstanding	54.31M	54.51M	42.44M
Weighted Average Basic & Diluted Shares Outstanding	54.52M	54.30M	54.98M
Cash Dividends to Common per Share	$0.40	$1.00	$1.68

This table shows Mativ's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	1.70	-21	-1.50	-28	158	-456	-4.60	-7.80	3.00	-23
Consolidated Net Income / (Loss)	1.50	-21	-1.40	-28	158	-455	-4.50	-7.70	2.50	-23
Net Income / (Loss) Continuing Operations	1.50	-21	-1.40	-28	-14	-464	-14	-16	-48	-34
Total Pre-Tax Income	-16	-24	-9.00	-30	-17	-437	-8.60	-19	-68	-45
Total Operating Income	2.60	7.00	11	-14	-2.20	-420	10	-2.20	-47	-32
Total Gross Profit	78	94	109	84	86	87	96	88	18	96
Total Revenue	459	499	524	500	452	498	527	549	252	552
Operating Revenue	459	499	524	500	452	498	527	549	252	552
Total Cost of Revenue	381	405	415	416	366	412	431	461	235	455
Operating Cost of Revenue	381	405	415	416	366	412	431	461	235	455
Total Operating Expenses	75	87	98	98	88	507	85	90	65	128
Selling, General & Admin Expense	5.90	70	81	77	18	84	80	82	7.30	120
Research & Development Expense	5.50	5.70	5.80	6.00	4.60	5.40	4.50	6.70	2.30	5.90
Total Other Income / (Expense), net	-18	-31	-20	-17	-15	-17	-19	-16	-21	-14
Interest Expense	27	18	18	18	13	17	16	16	7.50	15
Other Income / (Expense), net	8.90	-13	-1.10	1.70	-1.20	-0.30	-2.60	-0.70	-13	1.40
Income Tax Expense	-17	-3.20	-7.60	-2.40	-3.20	27	5.70	-3.00	-23	-11
Basic Earnings per Share	$0.03	($0.38)	($0.03)	($0.52)	$2.86	($8.33)	($0.08)	($0.14)	($0.16)	($0.43)
Weighted Average Basic Shares Outstanding	54.31M	54.33M	54.32M	54.27M	54.51M	54.66M	54.66M	54.48M	42.44M	52.59M
Diluted Earnings per Share	$50,400,000.03	($20,900,000.38)	($1,500,000.03)	($28,000,000.52)	$467,900,002.86	($455,500,008.33)	($4,600,000.08)	($7,800,000.14)	$11,199,999.84	($22,700,000.43)
Weighted Average Diluted Shares Outstanding	54.31M	54.33M	54.32M	54.27M	54.51M	54.66M	54.66M	54.48M	42.44M	52.59M
Weighted Average Basic & Diluted Shares Outstanding	54.52M	54.34M	54.33M	54.32M	54.30M	54.20M	54.71M	54.84M	54.98M	54.94M
Cash Dividends to Common per Share	$0.10	$0.10	$0.10	$0.10	$0.10	$0.10	$0.40	$0.40	$0.40	$0.40

This table details how cash moves in and out of Mativ's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	-26	-4.20	50
Net Cash From Operating Activities	95	107	202
Net Cash From Continuing Operating Activities	95	77	125
Net Income / (Loss) Continuing Operations	-49	-508	-69
Consolidated Net Income / (Loss)	-49	-310	-6.60
Net Income / (Loss) Discontinued Operations	0.00	198	62
Depreciation Expense	144	148	110
Amortization Expense	7.80	7.60	6.40
Non-Cash Adjustments To Reconcile Net Income	29	430	43
Changes in Operating Assets and Liabilities, net	-37	-1.00	34
Net Cash From Discontinued Operating Activities	0.00	30	78
Net Cash From Investing Activities	-57	547	-481
Net Cash From Continuing Investing Activities	-45	-61	-469
Purchase of Property, Plant & Equipment	-56	-66	-48
Acquisitions	0.00	0.00	-463
Sale of Property, Plant & Equipment	5.80	0.00	7.50
Sale and/or Maturity of Investments	-1.70	0.00	36
Other Investing Activities, net	6.80	5.00	-1.90
Net Cash From Discontinued Investing Activities	-12	609	-12
Net Cash From Financing Activities	-56	-663	332
Net Cash From Continuing Financing Activities	-56	-662	333
Repayment of Debt	-563	-836	-363
Payment of Dividends	-22	-55	-72
Issuance of Debt	531	241	775
Other Financing Activities, net	-2.30	-12	-7.50
Net Cash From Discontinued Financing Activities	0.00	-0.90	-1.00
Effect of Exchange Rate Changes	-8.10	4.90	-2.70
Cash Interest Paid	91	121	85
Cash Income Taxes Paid	15	38	26

This table details how cash moves in and out of Mativ's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-68	29	4.50	8.70	17	-4.00	11	-27	42	26
Net Cash From Operating Activities	24	38	46	-13	54	33	40	-21	185	-0.80
Net Cash From Continuing Operating Activities	24	38	46	-13	39	32	30	-24	169	-63
Net Income / (Loss) Continuing Operations	1.50	-21	-1.40	-28	-14	-464	-14	-16	-2.50	-80
Consolidated Net Income / (Loss)	1.50	-21	-1.40	-28	158	-455	-4.50	-7.70	2.50	-23
Depreciation Expense	35	36	36	36	35	37	38	37	37	25
Amortization Expense	1.90	2.00	1.90	2.00	2.00	1.90	1.90	1.80	1.30	1.70
Non-Cash Adjustments To Reconcile Net Income	-1.70	19	12	-0.60	24	408	-4.10	2.30	15	6.70
Changes in Operating Assets and Liabilities, net	-13	1.70	-2.60	-23	-8.70	50	8.40	-50	119	-16
Net Cash From Investing Activities	-15	-9.40	-11	-21	605	-19	-20	-19	-20	-480
Net Cash From Continuing Investing Activities	-15	-9.40	-11	-9.10	-12	-16	-19	-15	-16	-471
Purchase of Property, Plant & Equipment	-22	-13	-8.80	-12	-17	-15	-21	-14	-19	-9.80
Sale of Property, Plant & Equipment	1.30	2.50	-	2.00	-	-	-	0.00	0.10	-
Other Investing Activities, net	5.60	0.60	-0.40	1.00	4.50	-0.80	1.80	-0.50	3.00	-6.50
Net Cash From Financing Activities	-68	-4.20	-29	46	-649	-16	-9.70	12	-129	512
Net Cash From Continuing Financing Activities	-68	-4.20	-29	46	-649	-16	-9.20	12	-129	513
Repayment of Debt	-466	-32	-49	-17	-700	-71	-45	-20	-161	-142
Payment of Dividends	-5.40	-5.40	-5.40	-5.40	-5.50	-5.50	-22	-22	-22	-22
Issuance of Debt	404	33	25	69	61	65	60	55	55	680
Other Financing Activities, net	-1.50	-0.10	-0.30	-0.40	-11	-0.20	-0.30	-0.20	-7.20	-
Effect of Exchange Rate Changes	-8.60	4.80	-1.30	-3.00	5.80	-2.10	0.20	1.00	5.60	-5.40
Cash Interest Paid	28	18	29	17	27	29	40	26	37	19
Cash Income Taxes Paid	6.70	-0.50	7.00	1.70	10	8.20	17	2.30	9.20	-0.10

This table presents Mativ's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	2,448	2,642	3,669
Total Current Assets	658	713	975
Cash & Equivalents	94	120	101
Accounts Receivable	162	177	178
Inventories, net	355	353	415
Current Deferred & Refundable Income Taxes	21	31	19
Other Current Assets	26	32	28
Plant, Property, & Equipment, net	620	673	692
Total Noncurrent Assets	1,170	1,257	2,003
Noncurrent Note & Lease Receivables	16	18	17
Goodwill	466	474	844
Intangible Assets	553	631	710
Noncurrent Deferred & Refundable Income Taxes	8.10	6.40	34
Other Noncurrent Operating Assets	126	127	141
Total Liabilities & Shareholders' Equity	2,448	2,642	3,669
Total Liabilities	1,589	1,693	2,490
Total Current Liabilities	275	281	466
Short-Term Debt	2.60	2.80	34
Accounts Payable	152	139	181
Accrued Expenses	101	114	129
Current Deferred & Payable Income Tax Liabilities	8.40	14	10
Other Current Liabilities	11	11	9.40
Total Noncurrent Liabilities	1,315	1,412	2,024
Long-Term Debt	1,087	1,102	1,656
Capital Lease Obligations	36	35	25
Noncurrent Deferred Revenue	0.00	7.70	14
Noncurrent Deferred & Payable Income Tax Liabilities	101	142	152
Noncurrent Employee Benefit Liabilities	54	62	60
Other Noncurrent Operating Liabilities	37	63	49
Total Equity & Noncontrolling Interests	859	949	1,179
Total Preferred & Common Equity	859	949	1,179
Preferred Stock	0.00	0.00	0.00
Total Common Equity	859	949	1,179
Common Stock	681	675	664
Retained Earnings	164	235	611
Accumulated Other Comprehensive Income / (Loss)	13	39	-95

This table presents Mativ's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	2,623	2,608	2,653	3,118	3,649	3,675	3,713
Total Current Assets	777	752	759	914	963	1,005	1,064
Cash & Equivalents	162	133	129	85	108	97	82
Accounts Receivable	209	218	226	179	278	304	454
Inventories, net	354	347	341	365	522	544	485
Current Deferred & Refundable Income Taxes	17	21	29	18	20	21	16
Other Current Assets	36	32	35	29	36	39	27
Plant, Property, & Equipment, net	636	633	652	665	875	872	843
Total Noncurrent Assets	1,210	1,223	1,241	1,538	1,811	1,797	1,805
Noncurrent Note & Lease Receivables	17	17	18	17	17	17	-
Goodwill	476	470	471	468	875	871	849
Intangible Assets	586	592	610	637	660	675	661
Noncurrent Deferred & Refundable Income Taxes	10	9.70	8.60	2.80	34	35	31
Other Noncurrent Operating Assets	122	135	135	168	168	139	200
Total Liabilities & Shareholders' Equity	2,623	2,608	2,653	3,118	3,649	3,675	3,713
Total Liabilities	1,741	1,710	1,746	2,445	2,500	2,516	2,580
Total Current Liabilities	328	305	300	404	426	469	439
Short-Term Debt	2.80	2.70	2.70	35	35	35	1.80
Accounts Payable	173	169	166	149	214	254	239
Accrued Expenses	131	110	100	109	151	155	187
Current Deferred & Payable Income Tax Liabilities	10	13	19	12	17	16	12
Other Current Liabilities	11	11	12	9.40	9.50	9.80	-
Total Noncurrent Liabilities	1,413	1,404	1,446	2,041	2,074	2,047	2,141
Long-Term Debt	1,141	1,134	1,155	1,704	1,713	1,698	1,827
Capital Lease Obligations	35	35	36	31	38	27	-
Noncurrent Deferred Revenue	0.00	0.00	7.70	7.70	8.40	15	14
Noncurrent Deferred & Payable Income Tax Liabilities	116	121	131	137	160	158	141
Noncurrent Employee Benefit Liabilities	59	60	61	56	79	80	95
Other Noncurrent Operating Liabilities	63	55	56	43	75	69	65
Total Equity & Noncontrolling Interests	882	898	907	673	1,149	1,159	1,133
Total Preferred & Common Equity	882	898	907	673	1,149	1,159	1,133
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	882	898	907	673	1,149	1,159	1,133
Common Stock	677	675	673	674	671	668	660
Retained Earnings	168	195	202	86	551	579	631
Accumulated Other Comprehensive Income / (Loss)	37	28	33	-87	-73	-88	-158

This table displays calculated financial ratios and metrics derived from Mativ's official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	-2.22%	23.77%	75.88%
EBITDA Growth	158.75%	-441.50%	-9.29%
EBIT Growth	100.74%	-968.11%	-382.01%
NOPAT Growth	101.52%	-929.60%	-148.15%
Net Income Growth	84.26%	-4,589.39%	-107.42%
EPS Growth	84.18%	-3,061.11%	-100.00%
Operating Cash Flow Growth	-11.07%	-47.28%	248.62%
Free Cash Flow Firm Growth	-61.26%	131.97%	-2,369.31%
Invested Capital Growth	-4.01%	-20.41%	35.24%
Revenue Q/Q Growth	0.32%	10.96%	29.32%
EBITDA Q/Q Growth	10.58%	17.41%	148.71%
EBIT Q/Q Growth	126.27%	11.95%	-2.35%
NOPAT Q/Q Growth	320.00%	9.77%	50.86%
Net Income Q/Q Growth	-145.30%	33.40%	-114.93%
EPS Q/Q Growth	-100.00%	100.00%	-100.00%
Operating Cash Flow Q/Q Growth	-24.10%	-55.10%	323.90%
Free Cash Flow Firm Q/Q Growth	-34.84%	-54.07%	37.06%
Invested Capital Q/Q Growth	-0.44%	-2.78%	-12.11%
Profitability Metrics	-	-	-
Gross Margin	18.38%	17.56%	18.69%
EBITDA Margin	7.81%	-13.00%	4.71%
Operating Margin	0.32%	-20.43%	-2.46%
EBIT Margin	0.16%	-20.67%	-2.39%
Profit (Net Income) Margin	-2.46%	-15.28%	-0.40%
Tax Burden Percent	61.72%	64.36%	6.84%
Interest Burden Percent	-2,545.16%	114.86%	246.17%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.23%	-13.04%	-1.31%
ROIC Less NNEP Spread (ROIC-NNEP)	-4.95%	-14.75%	0.46%
Return on Net Nonoperating Assets (RNNOA)	-5.62%	-16.04%	0.60%
Return on Equity (ROE)	-5.39%	-29.08%	-0.71%
Cash Return on Invested Capital (CROIC)	4.32%	9.68%	-31.27%
Operating Return on Assets (OROA)	0.12%	-13.27%	-1.29%
Return on Assets (ROA)	-1.91%	-9.81%	-0.22%
Return on Common Equity (ROCE)	-5.39%	-29.08%	-0.71%
Return on Equity Simple (ROE_SIMPLE)	-5.67%	-32.61%	-0.56%
Net Operating Profit after Tax (NOPAT)	4.41	-290	-28
NOPAT Margin	0.22%	-14.30%	-1.72%
Net Nonoperating Expense Percent (NNEP)	5.18%	1.71%	-1.76%
Return On Investment Capital (ROIC_SIMPLE)	0.22%	-13.87%	-0.97%
Cost of Revenue to Revenue	81.62%	82.44%	81.31%
SG&A Expenses to Revenue	11.80%	13.03%	15.57%
R&D to Revenue	1.16%	1.05%	1.15%
Operating Expenses to Revenue	18.06%	37.99%	21.15%
Earnings before Interest and Taxes (EBIT)	3.10	-419	-39
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	155	-263	77
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.68	0.84	0.89
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.29	0.39	0.64
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	3.74%	6.81%	8.84%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.85	0.92	1.07
Enterprise Value to Revenue (EV/Rev)	0.81	0.90	1.62
Enterprise Value to EBITDA (EV/EBITDA)	10.43	0.00	34.47
Enterprise Value to EBIT (EV/EBIT)	520.39	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	365.81	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	17.02	17.03	13.15
Enterprise Value to Free Cash Flow (EV/FCFF)	19.36	8.44	0.00
Leverage & Solvency	-	-	-
Debt to Equity	1.31	1.20	1.45
Long-Term Debt to Equity	1.31	1.20	1.43
Financial Leverage	1.13	1.09	1.31
Leverage Ratio	2.82	2.97	3.27
Compound Leverage Factor	-71.67	3.41	8.05
Debt to Total Capital	56.73%	54.57%	59.25%
Short-Term Debt to Total Capital	0.13%	0.13%	1.16%
Long-Term Debt to Total Capital	56.60%	54.43%	58.09%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	43.27%	45.43%	40.75%
Debt to EBITDA	7.28	-4.33	22.24
Net Debt to EBITDA	6.67	-3.87	20.93
Long-Term Debt to EBITDA	7.26	-4.32	21.81
Debt to NOPAT	255.26	-3.93	-60.95
Net Debt to NOPAT	233.88	-3.52	-57.35
Long-Term Debt to NOPAT	254.67	-3.92	-59.75
Altman Z-Score	1.32	0.85	1.06
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	2.40	2.53	2.09
Quick Ratio	0.94	1.05	0.60
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	83	215	-673
Operating Cash Flow to CapEx	190.36%	160.54%	496.81%
Free Cash Flow to Firm to Interest Expense	1.02	3.46	-11.74
Operating Cash Flow to Interest Expense	1.16	1.71	3.53
Operating Cash Flow Less CapEx to Interest Expense	0.55	0.65	2.82
Efficiency Ratios	-	-	-
Asset Turnover	0.78	0.64	0.54
Accounts Receivable Turnover	11.69	11.42	7.87
Inventory Turnover	4.57	4.35	3.95
Fixed Asset Turnover	3.06	2.97	2.84
Accounts Payable Turnover	11.11	10.44	8.97
Days Sales Outstanding (DSO)	31.22	31.95	46.40
Days Inventory Outstanding (DIO)	79.91	83.86	92.44
Days Payable Outstanding (DPO)	32.84	34.95	40.67
Cash Conversion Cycle (CCC)	78.28	80.86	98.17
Capital & Investment Metrics	-	-	-
Invested Capital	1,890	1,969	2,474
Invested Capital Turnover	1.03	0.91	0.76
Increase / (Decrease) in Invested Capital	-79	-505	645
Enterprise Value (EV)	1,613	1,816	2,658
Market Capitalization	582	796	1,044
Book Value per Share	$15.80	$17.51	$21.46
Tangible Book Value per Share	($2.95)	($2.88)	($6.83)
Total Capital	1,984	2,089	2,894
Total Debt	1,126	1,140	1,715
Total Long-Term Debt	1,123	1,137	1,681
Net Debt	1,031	1,020	1,614
Capital Expenditures (CapEx)	50	66	41
Debt-free, Cash-free Net Working Capital (DFCFNWC)	292	314	441
Debt-free Net Working Capital (DFNWC)	386	434	542
Net Working Capital (NWC)	384	431	509
Net Nonoperating Expense (NNE)	53	20	-22
Net Nonoperating Obligations (NNO)	1,031	1,020	1,294
Total Depreciation and Amortization (D&A)	152	155	116
Debt-free, Cash-free Net Working Capital to Revenue	14.73%	15.48%	26.94%
Debt-free Net Working Capital to Revenue	19.49%	21.42%	33.12%
Net Working Capital to Revenue	19.36%	21.28%	31.06%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($0.90)	($5.69)	($0.18)
Adjusted Weighted Average Basic Shares Outstanding	54.31M	54.51M	42.44M
Adjusted Diluted Earnings per Share	($0.90)	($310,200,005.69)	($0.18)
Adjusted Weighted Average Diluted Shares Outstanding	54.31M	54.51M	42.44M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	54.52M	54.30M	54.98M
Normalized Net Operating Profit after Tax (NOPAT)	31	6.79	-15
Normalized NOPAT Margin	1.57%	0.34%	-0.90%
Pre Tax Income Margin	-3.98%	-23.74%	-5.90%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.04	-6.73	-0.68
NOPAT to Interest Expense	0.05	-4.66	-0.49
EBIT Less CapEx to Interest Expense	-0.57	-7.80	-1.39
NOPAT Less CapEx to Interest Expense	-0.55	-5.73	-1.20
Payout Ratios	-	-	-
Dividend Payout Ratio	-44.35%	-17.87%	-1,093.94%
Augmented Payout Ratio	-44.35%	-17.87%	-1,093.94%

This table displays calculated financial ratios and metrics derived from Mativ's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1.39%	0.06%	-0.51%	-8.89%	79.34%	-9.66%	23.48%	34.96%	312.11%	43.77%
EBITDA Growth	43.53%	108.40%	0.00%	-27.42%	258.14%	-10,788.57%	-21.67%	-12.38%	65.60%	-106.72%
EBIT Growth	438.24%	98.64%	20.51%	-317.24%	94.35%	-1,291.39%	-77.78%	-118.01%	-1.52%	-213.11%
NOPAT Growth	218.18%	101.67%	0.96%	-527.27%	95.32%	-1,228.80%	-61.89%	53.51%	46.95%	-210.75%
Net Income Growth	-99.05%	95.43%	68.89%	-263.64%	6,208.00%	-1,922.22%	-138.14%	-581.25%	-95.31%	-284.43%
EPS Growth	-89.23%	95.41%	67.39%	-258.97%	4,077.68%	-1,906.61%	-140.00%	-15,600,000,380.00%	-87.24%	-5,973,684,423.68%
Operating Cash Flow Growth	-55.54%	14.29%	14.68%	37.20%	-70.70%	4,212.50%	209.23%	-514.00%	506.56%	-110.39%
Free Cash Flow Firm Growth	-83.96%	-73.41%	190.20%	185.95%	174.29%	147.93%	-14,732.08%	-27.89%	-769.35%	-61.17%
Invested Capital Growth	-4.01%	-6.26%	-30.15%	-28.64%	-20.41%	-28.05%	51.47%	48.95%	35.24%	56.10%
Revenue Q/Q Growth	-8.00%	-4.83%	4.72%	10.59%	-9.21%	-5.38%	-4.10%	117.68%	-54.27%	29.34%
EBITDA Q/Q Growth	52.50%	-32.91%	82.06%	-22.94%	108.92%	-898.95%	32.13%	267.91%	-514.29%	-105.75%
EBIT Q/Q Growth	301.75%	-160.64%	177.69%	-255.88%	99.19%	-5,487.18%	368.97%	95.18%	-99.34%	-186.04%
NOPAT Q/Q Growth	-62.86%	-33.33%	176.09%	-527.27%	99.48%	-4,137.50%	572.73%	95.32%	-48.73%	-215.81%
Net Income Q/Q Growth	107.21%	-1,385.71%	95.00%	-117.76%	134.66%	-10,011.11%	41.56%	-408.00%	111.11%	-290.68%
EPS Q/Q Growth	341.15%	-1,293.33%	94.64%	-105.98%	202.72%	-9,802.17%	41.03%	-169.64%	149.34%	-297.39%
Operating Cash Flow Q/Q Growth	-35.90%	-18.44%	454.62%	-123.99%	64.74%	-18.16%	294.20%	-111.19%	23,225.00%	-106.15%
Free Cash Flow Firm Q/Q Growth	-38.71%	-84.37%	7.82%	55.32%	1.59%	153.02%	-2.74%	-34.25%	34.46%	-16,308.44%
Invested Capital Q/Q Growth	-0.44%	-1.93%	-1.82%	0.14%	-2.78%	-26.92%	0.30%	11.69%	-12.11%	53.84%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	16.92%	18.78%	20.79%	16.79%	18.99%	17.40%	18.14%	15.97%	7.02%	17.43%
EBITDA Margin	10.64%	6.42%	9.11%	5.24%	7.52%	-76.50%	9.06%	6.58%	-8.53%	-0.63%
Operating Margin	0.57%	1.40%	2.00%	-2.76%	-0.49%	-84.28%	1.98%	-0.40%	-18.64%	-5.73%
EBIT Margin	2.51%	-1.14%	1.79%	-2.42%	-0.75%	-84.34%	1.48%	-0.53%	-23.87%	-5.48%
Profit (Net Income) Margin	0.33%	-4.17%	-0.27%	-5.60%	34.87%	-91.33%	-0.85%	-1.40%	0.99%	-4.08%
Tax Burden Percent	-9.68%	86.67%	15.56%	92.11%	-938.69%	104.12%	52.33%	41.62%	-3.69%	49.89%
Interest Burden Percent	-134.78%	421.05%	-95.74%	251.24%	494.12%	104.00%	-110.26%	637.93%	112.46%	149.34%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.41%	0.99%	1.18%	-1.61%	-0.31%	-44.52%	1.13%	-0.22%	-9.93%	-2.20%
ROIC Less NNEP Spread (ROIC-NNEP)	0.38%	-1.18%	0.52%	-2.99%	13.45%	-55.14%	0.28%	-0.66%	-7.03%	-2.23%
Return on Net Nonoperating Assets (RNNOA)	0.43%	-1.80%	0.67%	-3.86%	14.63%	-92.62%	0.41%	-0.98%	-9.21%	-3.59%
Return on Equity (ROE)	0.83%	-0.81%	1.85%	-5.47%	14.32%	-137.14%	1.54%	-1.20%	-19.14%	-5.78%
Cash Return on Invested Capital (CROIC)	4.32%	6.52%	22.85%	20.85%	9.68%	19.35%	-43.08%	-40.93%	-31.27%	-46.29%
Operating Return on Assets (OROA)	1.95%	-0.79%	1.13%	-1.51%	-0.48%	-45.09%	0.92%	-0.31%	-12.83%	-2.26%
Return on Assets (ROA)	0.25%	-2.87%	-0.17%	-3.50%	22.38%	-48.83%	-0.53%	-0.82%	0.53%	-1.68%
Return on Common Equity (ROCE)	0.83%	-0.81%	1.85%	-5.47%	14.32%	-137.14%	1.54%	-1.20%	-19.14%	-5.78%
Return on Equity Simple (ROE_SIMPLE)	0.00%	12.18%	-36.38%	-36.37%	0.00%	-69.05%	-2.80%	-1.37%	0.00%	3.90%
Net Operating Profit after Tax (NOPAT)	1.82	4.90	7.35	-9.66	-1.54	-294	7.28	-1.54	-33	-22
NOPAT Margin	0.40%	0.98%	1.40%	-1.93%	-0.34%	-59.00%	1.38%	-0.28%	-13.05%	-4.01%
Net Nonoperating Expense Percent (NNEP)	0.03%	2.17%	0.66%	1.37%	-13.76%	10.62%	0.85%	0.45%	-2.90%	0.03%
Return On Investment Capital (ROIC_SIMPLE)	0.09%	0.24%	0.36%	-0.46%	-0.07%	-12.04%	0.25%	-0.05%	-1.14%	-0.75%
Cost of Revenue to Revenue	83.08%	81.22%	79.21%	83.21%	81.01%	82.60%	81.86%	84.03%	92.98%	82.57%
SG&A Expenses to Revenue	1.29%	13.98%	15.43%	15.47%	3.87%	16.84%	15.21%	15.01%	2.89%	21.76%
R&D to Revenue	1.20%	1.14%	1.11%	1.20%	1.02%	1.08%	0.85%	1.22%	0.91%	1.07%
Operating Expenses to Revenue	16.35%	17.37%	18.79%	19.55%	19.48%	101.69%	16.16%	16.38%	25.65%	23.16%
Earnings before Interest and Taxes (EBIT)	12	-5.70	9.40	-12	-3.40	-420	7.80	-2.90	-60	-30
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	49	32	48	26	34	-381	48	36	-22	-3.50
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.68	1.02	0.99	1.08	0.84	1.10	0.68	0.94	0.89	0.95
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.29	0.46	0.45	0.50	0.39	0.41	0.42	0.61	0.64	0.85
Price to Earnings (P/E)	0.00	8.33	0.00	0.00	0.00	0.00	0.00	0.00	0.00	25.36
Dividend Yield	3.74%	2.41%	2.43%	3.87%	6.81%	9.58%	11.18%	8.27%	8.84%	8.74%
Earnings Yield	0.00%	12.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.94%
Enterprise Value to Invested Capital (EV/IC)	0.85	1.01	1.00	1.04	0.92	1.20	0.87	0.97	1.07	0.98
Enterprise Value to Revenue (EV/Rev)	0.81	0.97	0.98	1.04	0.90	1.33	1.28	1.51	1.62	2.18
Enterprise Value to EBITDA (EV/EBITDA)	10.43	13.70	0.00	0.00	0.00	0.00	40.93	37.41	34.47	89.10
Enterprise Value to EBIT (EV/EBIT)	520.39	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	365.81	1,824.80	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	17.02	15.34	16.06	17.91	17.03	10.22	11.81	15.26	13.15	57.90
Enterprise Value to Free Cash Flow (EV/FCFF)	19.36	14.99	3.59	4.15	8.44	5.18	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.31	1.34	1.30	1.32	1.20	2.63	1.55	1.52	1.45	1.61
Long-Term Debt to Equity	1.31	1.33	1.30	1.31	1.20	2.58	1.52	1.49	1.43	1.61
Financial Leverage	1.13	1.52	1.30	1.29	1.09	1.68	1.50	1.48	1.31	1.61
Leverage Ratio	2.82	3.69	3.06	3.06	2.97	3.78	3.28	3.29	3.27	3.47
Compound Leverage Factor	-3.80	15.54	-2.93	7.69	14.65	3.93	-3.61	20.97	3.68	5.18
Debt to Total Capital	56.73%	57.18%	56.60%	56.82%	54.57%	72.44%	60.85%	60.29%	59.25%	61.74%
Short-Term Debt to Total Capital	0.13%	0.14%	0.13%	0.13%	0.13%	1.41%	1.18%	1.20%	1.16%	0.06%
Long-Term Debt to Total Capital	56.60%	57.04%	56.47%	56.69%	54.43%	71.03%	59.67%	59.09%	58.09%	61.68%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	43.27%	42.82%	43.40%	43.18%	45.43%	27.56%	39.15%	39.71%	40.75%	38.26%
Debt to EBITDA	7.28	8.42	-4.29	-4.37	-4.33	-5.55	30.37	24.45	22.24	58.98
Net Debt to EBITDA	6.67	7.26	-3.80	-3.90	-3.87	-5.28	27.59	22.27	20.93	54.24
Long-Term Debt to EBITDA	7.26	8.40	-4.28	-4.36	-4.32	-5.44	29.78	23.96	21.81	58.93
Debt to NOPAT	255.26	1,122.10	-3.93	-4.01	-3.93	-5.51	-36.24	-47.45	-60.95	-31.93
Net Debt to NOPAT	233.88	967.62	-3.48	-3.57	-3.52	-5.25	-32.91	-43.22	-57.35	-29.37
Long-Term Debt to NOPAT	254.67	1,119.43	-3.92	-4.00	-3.92	-5.40	-35.53	-46.50	-59.75	-31.90
Altman Z-Score	1.33	1.35	1.39	1.38	1.36	0.56	1.10	1.14	1.04	1.01
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.40	2.37	2.46	2.54	2.53	2.27	2.26	2.15	2.09	2.42
Quick Ratio	0.94	1.13	1.15	1.18	1.05	0.65	0.90	0.86	0.60	1.22
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	81	132	843	782	503	495	-934	-909	-677	-1,034
Operating Cash Flow to CapEx	115.31%	376.00%	523.86%	-128.71%	328.48%	223.81%	192.34%	-144.76%	978.84%	-8.16%
Free Cash Flow to Firm to Interest Expense	2.99	7.20	45.80	42.71	37.56	29.49	-56.97	-58.30	-90.32	-69.37
Operating Cash Flow to Interest Expense	0.89	2.05	2.51	-0.71	4.04	1.96	2.45	-1.33	24.67	-0.05
Operating Cash Flow Less CapEx to Interest Expense	0.12	1.51	2.03	-1.26	2.81	1.08	1.18	-2.24	22.15	-0.71
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.78	0.69	0.63	0.63	0.64	0.53	0.62	0.58	0.54	0.41
Accounts Receivable Turnover	11.69	10.18	7.97	7.46	11.42	5.76	6.78	6.11	7.87	3.63
Inventory Turnover	4.57	4.46	3.70	3.67	4.35	3.62	3.97	3.62	3.95	2.81
Fixed Asset Turnover	3.06	3.04	2.62	2.59	2.97	2.42	2.89	2.69	2.84	1.93
Accounts Payable Turnover	11.11	9.95	8.40	7.75	10.44	7.93	9.37	7.86	8.97	5.90
Days Sales Outstanding (DSO)	31.22	35.84	45.82	48.92	31.95	63.33	53.85	59.77	46.40	100.42
Days Inventory Outstanding (DIO)	79.91	81.88	98.54	99.43	83.86	100.84	92.05	100.86	92.44	129.98
Days Payable Outstanding (DPO)	32.84	36.67	43.44	47.10	34.95	46.03	38.95	46.46	40.67	61.87
Cash Conversion Cycle (CCC)	78.28	81.04	100.92	101.25	80.86	118.14	106.94	114.17	98.17	168.54
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,890	1,898	1,936	1,972	1,969	2,025	2,771	2,763	2,474	2,814
Invested Capital Turnover	1.03	1.01	0.84	0.84	0.91	0.75	0.82	0.77	0.76	0.55
Increase / (Decrease) in Invested Capital	-79	-127	-835	-791	-505	-789	942	908	645	1,012
Enterprise Value (EV)	1,613	1,916	1,931	2,047	1,816	2,427	2,407	2,693	2,658	2,762
Market Capitalization	582	900	893	982	796	743	785	1,090	1,044	1,081
Book Value per Share	$15.80	$16.24	$16.53	$16.70	$17.51	$12.30	$20.95	$21.09	$21.46	$20.63
Tangible Book Value per Share	($2.95)	($3.29)	($3.00)	($3.20)	($2.88)	($7.89)	($7.04)	($7.03)	($6.83)	($6.87)
Total Capital	1,984	2,061	2,069	2,100	2,089	2,442	2,935	2,920	2,894	2,961
Total Debt	1,126	1,178	1,171	1,194	1,140	1,769	1,786	1,760	1,715	1,829
Total Long-Term Debt	1,123	1,175	1,168	1,191	1,137	1,735	1,751	1,725	1,681	1,827
Net Debt	1,031	1,016	1,038	1,065	1,020	1,684	1,622	1,604	1,614	1,682
Capital Expenditures (CapEx)	21	10	8.80	10	17	15	21	14	19	9.80
Debt-free, Cash-free Net Working Capital (DFCFNWC)	292	290	316	334	314	461	464	475	441	544
Debt-free Net Working Capital (DFNWC)	386	452	449	463	434	545	572	572	542	627
Net Working Capital (NWC)	384	449	447	460	431	511	537	537	509	625
Net Nonoperating Expense (NNE)	0.32	26	8.75	18	-159	161	12	6.16	-35	0.38
Net Nonoperating Obligations (NNO)	1,031	1,016	1,038	1,065	1,020	1,352	1,622	1,604	1,294	1,682
Total Depreciation and Amortization (D&A)	37	38	38	38	37	39	40	39	39	27
Debt-free, Cash-free Net Working Capital to Revenue	14.73%	14.68%	16.00%	16.87%	15.48%	25.23%	24.70%	26.69%	26.94%	42.99%
Debt-free Net Working Capital to Revenue	19.49%	22.89%	22.76%	23.39%	21.42%	29.87%	30.42%	32.14%	33.12%	49.49%
Net Working Capital to Revenue	19.36%	22.75%	22.62%	23.26%	21.28%	27.98%	28.58%	30.17%	31.06%	49.35%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.03	($0.38)	($0.03)	($0.52)	$2.86	($8.33)	($0.08)	($0.14)	($0.16)	($0.43)
Adjusted Weighted Average Basic Shares Outstanding	54.31M	54.33M	54.32M	54.27M	54.51M	54.66M	54.66M	54.48M	42.44M	52.59M
Adjusted Diluted Earnings per Share	$50,400,000.03	($20,900,000.38)	($1,500,000.03)	($28,000,000.52)	$467,900,002.86	($455,500,008.33)	($4,600,000.08)	($0.14)	$11,199,999.84	($0.43)
Adjusted Weighted Average Diluted Shares Outstanding	54.31M	54.33M	54.32M	54.27M	54.51M	54.66M	54.66M	54.48M	42.44M	52.59M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	54.52M	54.34M	54.33M	54.32M	54.30M	54.20M	54.71M	54.84M	54.98M	54.94M
Normalized Net Operating Profit after Tax (NOPAT)	1.82	13	16	0.42	-1.54	-1.82	7.63	-0.98	-33	-21
Normalized NOPAT Margin	0.40%	2.56%	2.98%	0.08%	-0.34%	-0.37%	1.45%	-0.18%	-13.05%	-3.78%
Pre Tax Income Margin	-3.38%	-4.81%	-1.72%	-6.08%	-3.71%	-87.72%	-1.63%	-3.37%	-26.84%	-8.18%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.43	-0.31	0.51	-0.66	-0.25	-25.01	0.48	-0.19	-8.03	-2.03
NOPAT to Interest Expense	0.07	0.27	0.40	-0.53	-0.11	-17.50	0.44	-0.10	-4.39	-1.48
EBIT Less CapEx to Interest Expense	-0.35	-0.86	0.03	-1.21	-1.49	-25.89	-0.80	-1.10	-10.55	-2.68
NOPAT Less CapEx to Interest Expense	-0.71	-0.28	-0.08	-1.08	-1.35	-18.37	-0.83	-1.02	-6.91	-2.14
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-44.35%	20.19%	-6.67%	-11.73%	-17.87%	-15.47%	-274.53%	-505.03%	-1,093.94%	144.57%
Augmented Payout Ratio	-44.35%	20.19%	-6.67%	-11.73%	-17.87%	-15.47%	-274.53%	-505.03%	-1,093.94%	159.73%

Frequently Asked Questions About Mativ's Financials

When does Mativ's fiscal year end?

According to the most recent income statement we have on file, Mativ's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Mativ's net income changed over the last 2 years?

Mativ's net income appears to be on an upward trend, with a most recent value of -$48.70 million in 2024, rising from -$6.60 million in 2022. The previous period was -$309.50 million in 2023. View Mativ's forecast to see where analysts expect Mativ to go next.

What is Mativ's operating income?

Mativ's total operating income in 2024 was $6.30 million, based on the following breakdown:

Total Gross Profit: $364.10 million
Total Operating Expenses: $357.80 million

How has Mativ revenue changed over the last 2 years?

Over the last 2 years, Mativ's total revenue changed from $1.64 billion in 2022 to $1.98 billion in 2024, a change of 21.0%.

How much debt does Mativ have?

Mativ's total liabilities were at $1.59 billion at the end of 2024, a 6.1% decrease from 2023, and a 36.2% decrease since 2022.

How much cash does Mativ have?

In the past 2 years, Mativ's cash and equivalents has ranged from $94.30 million in 2024 to $120.20 million in 2023, and is currently $94.30 million as of their latest financial filing in 2024.

How has Mativ's book value per share changed over the last 2 years?

Over the last 2 years, Mativ's book value per share changed from 21.46 in 2022 to 15.80 in 2024, a change of -26.4%.

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This page (NYSE:MATV) was last updated on 5/21/2025 by MarketBeat.com Staff

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Mativ (MATV) Financials

Frequently Asked Questions About Mativ's Financials

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Mativ (MATV) Financials

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