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Mativ (MATV) Financials

Mativ logo
$7.80 +0.10 (+1.30%)
Closing price 07/10/2026 03:59 PM Eastern
Extended Trading
$7.80 0.00 (-0.06%)
As of 07/10/2026 04:43 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Mativ

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 90 83 35 95 86 83 88 -6.60 -310 -49 -337
Consolidated Net Income / (Loss)		 90 83 35 95 86 84 89 -6.60 -310 -49 -337
Net Income / (Loss) Continuing Operations		 91 83 34 95 86 84 1.70 -69 -508 -49 -337
Total Pre-Tax Income 		106 93 102 117 97 97 -27 -97 -481 -79 -463
Total Operating Income		 103 110 128 135 134 129 -16 -40 -414 6.30 -384
Total Gross Profit		 224 258 283 279 290 308 183 306 356 364 363
Total Revenue		 764 840 982 1,041 1,023 1,074 931 1,637 2,026 1,981 1,987
Operating Revenue		 764 840 982 1,041 1,023 1,074 931 1,637 2,026 1,981 1,987
Total Cost of Revenue		 540 582 699 763 733 766 748 1,331 1,670 1,617 1,624
Operating Cost of Revenue		 540 582 699 763 733 766 748 1,331 1,670 1,617 1,624
Total Operating Expenses		 121 148 155 144 156 180 199 346 770 358 747
Selling, General & Admin Expense		 93 105 129 127 139 154 186 255 264 234 229
Research & Development Expense		 14 18 18 15 14 14 12 19 21 23 24
Amortization Expense		 - - - - - - - 53 61 63 63
Impairment Charge		 - - - - - - 1.90 19 424 38 432
Total Other Income / (Expense), net		 2.50 -17 -27 -18 -37 -32 -10 -56 -67 -85 -79
Interest Expense		 9.70 17 27 28 36 31 40 57 62 82 71
Other Income / (Expense), net		 12 0.00 0.10 10 -1.00 -1.00 30 1.00 -4.80 -3.20 -7.50
Income Tax Expense		 22 15 70 11 15 18 -28 -28 27 -30 -126
Net Income / (Loss) Discontinued Operations		 -0.80 0.00 0.10 -0.30 - - 87 62 198 0.00 0.00
Basic Earnings per Share		 $2.95 $2.71 $1.12 $3.07 $2.78 $2.68 $2.83 ($0.18) ($5.69) ($0.90) ($6.19)
Weighted Average Basic Shares Outstanding		 30.25M 30.31M 30.41M 30.55M 30.65M 30.83M 31.03M 42.44M 54.51M 54.31M 54.61M
Diluted Earnings per Share		 $2.94 $2.70 $1.12 $3.06 $2.76 $2.66 $87,800,002.80 ($0.18) ($5.69) ($0.90) ($6.19)
Weighted Average Diluted Shares Outstanding		 30.37M 30.46M 30.55M 30.69M 30.84M 31.10M 31.40M 42.44M 54.51M 54.31M 54.61M
Weighted Average Basic & Diluted Shares Outstanding		 30.40M 30.60M 30.80M 30.80M 30.90M 31.68M - 54.98M 54.30M 54.52M 54.78M
Cash Dividends to Common per Share		 $1.54 $1.62 $1.69 $1.73 $1.76 $1.76 $1.76 $1.68 $1.00 $0.40 $0.40

Quarterly Income Statements for Mativ

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -456 158 -28 -1.40 -21 1.70 -426 -9.50 -3.20 101 -12
Consolidated Net Income / (Loss)		 -455 158 -28 -1.40 -21 1.50 -426 -9.50 -3.20 101 -12
Net Income / (Loss) Continuing Operations		 -464 -14 -28 -1.40 -21 1.50 -426 -9.50 -3.20 101 -12
Total Pre-Tax Income 		-437 -17 -30 -9.00 -24 -16 -450 3.00 -5.60 -10 -8.70
Total Operating Income		 -420 -2.20 -14 11 7.00 2.60 -431 20 16 10 7.30
Total Gross Profit		 87 86 84 109 94 78 73 104 99 87 85
Total Revenue		 498 452 500 524 499 459 485 525 514 463 480
Operating Revenue		 498 452 500 524 499 459 485 525 514 463 480
Total Cost of Revenue		 412 366 416 415 405 381 412 422 414 376 395
Operating Cost of Revenue		 412 366 416 415 405 381 412 422 414 376 395
Total Operating Expenses		 507 88 98 98 87 75 503 84 83 77 78
Selling, General & Admin Expense		 84 18 62 65 54 5.90 63 57 54 55 55
Research & Development Expense		 5.40 4.60 6.00 5.80 5.70 5.50 6.30 6.70 5.60 5.00 5.50
Amortization Expense		 - - 16 16 15 - 15 16 16 16 16
Impairment Charge		 417 - 14 12 11 - 418 3.80 8.10 1.70 1.30
Total Other Income / (Expense), net		 -17 -15 -17 -20 -31 -18 -20 -17 -22 -20 -16
Interest Expense		 17 13 18 18 18 27 18 19 18 17 18
Other Income / (Expense), net		 -0.30 -1.20 1.70 -1.10 -13 8.90 -1.80 1.50 -3.90 -3.30 1.50
Income Tax Expense		 27 -3.20 -2.40 -7.60 -3.20 -17 -25 13 -2.40 -111 3.00
Basic Earnings per Share		 ($8.33) $2.86 ($0.52) ($0.03) ($0.38) $0.03 ($7.82) ($0.18) ($0.06) $1.87 ($0.22)
Weighted Average Basic Shares Outstanding		 54.66M 54.51M 54.27M 54.32M 54.33M 54.31M 54.45M 54.62M 54.67M 54.61M 54.83M
Diluted Earnings per Share		 ($455,500,008.33) $467,900,002.86 ($0.52) ($0.03) ($0.38) $50,400,000.03 ($7.82) ($0.18) ($0.06) $1.87 ($0.22)
Weighted Average Diluted Shares Outstanding		 54.66M 54.51M 54.27M 54.32M 54.33M 54.31M 54.45M 54.62M 54.67M 54.61M 54.83M
Weighted Average Basic & Diluted Shares Outstanding		 54.20M 54.30M 54.32M 54.33M 54.34M 54.52M 54.63M 54.67M 54.68M 54.78M 55.12M
Cash Dividends to Common per Share		 $0.10 $0.10 $0.10 $0.10 $0.10 $0.10 $0.10 $0.10 $0.10 $0.10 $0.10

Annual Cash Flow Statements for Mativ

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -104 -79 -0.50 37 9.20 -48 20 50 -4.20 -26 -4.50
Net Cash From Operating Activities		 145 130 131 139 160 162 58 202 107 95 134
Net Cash From Continuing Operating Activities		 145 130 131 185 160 162 -7.50 125 77 95 134
Net Income / (Loss) Continuing Operations		 91 83 34 95 86 84 1.70 -69 -508 -49 -337
Consolidated Net Income / (Loss)		 90 83 35 95 86 84 89 -6.60 -310 -49 -337
Net Income / (Loss) Discontinued Operations		 -0.80 0.00 0.10 -0.30 - - 87 62 198 0.00 0.00
Depreciation Expense		 41 45 60 - 58 70 67 110 148 144 141
Amortization Expense		 - - - - - 2.10 4.00 6.40 7.60 7.80 8.20
Non-Cash Adjustments To Reconcile Net Income		 6.90 28 11 115 23 18 -37 43 430 29 448
Changes in Operating Assets and Liabilities, net		 6.20 -25 26 -24 -5.80 -12 -44 34 -1.00 -37 -126
Net Cash From Discontinued Operating Activities		 0.10 0.00 0.10 0.20 - - 66 78 30 0.00 0.00
Net Cash From Investing Activities		 -314 -22 -319 -28 -15 -203 -636 -481 547 -57 -37
Net Cash From Continuing Investing Activities		 -314 -22 -319 -28 -15 -203 -618 -469 -61 -45 -37
Purchase of Property, Plant & Equipment		 -25 -31 -41 -30 -34 -33 -22 -48 -66 -55 -40
Sale of Property, Plant & Equipment		 0.00 0.00 7.00 0.00 15 0.50 35 7.50 0.00 5.80 2.90
Sale and/or Maturity of Investments		 - - - - - 0.00 0.00 36 0.00 -1.70 3.40
Other Investing Activities, net		 -8.00 8.20 6.90 2.20 4.60 -1.00 -0.80 -1.90 4.60 6.20 -3.30
Net Cash From Discontinued Investing Activities		 - - - - - - -18 -12 609 -12 0.00
Net Cash From Financing Activities		 92 -186 180 -121 -136 -8.60 600 332 -663 -56 -107
Net Cash From Continuing Financing Activities		 92 -186 180 -121 -136 -8.60 601 333 -662 -56 -107
Repayment of Debt		 -347 -171 -209 -699 -100 -165 -69 -363 -836 -563 -162
Payment of Dividends		 -47 -49 -52 -53 -54 -55 -55 -72 -55 -22 -22
Issuance of Debt		 488 36 442 634 19 213 744 775 241 531 82
Other Financing Activities, net		 0.50 -0.20 - - 0.00 0.00 -15 -7.50 -12 -2.30 -4.50
Net Cash From Discontinued Financing Activities		 - - - - - - -0.70 -1.00 -0.90 0.00 0.00
Effect of Exchange Rate Changes		 -27 -0.70 7.50 - -0.50 1.80 -1.50 -2.70 4.90 -8.10 5.40
Cash Interest Paid		 - - - - - 31 47 85 121 91 83
Cash Income Taxes Paid		 - - - - - 15 22 26 38 15 12

Quarterly Cash Flow Statements for Mativ

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -4.00 17 8.70 4.50 29 -68 -0.50 12 -3.10 -13 -2.50
Net Cash From Operating Activities		 33 54 -13 46 38 24 -16 58 73 19 1.00
Net Cash From Continuing Operating Activities		 32 39 -13 46 38 24 -16 58 73 19 1.00
Net Income / (Loss) Continuing Operations		 -464 -14 -28 -1.40 -21 1.50 -426 -9.50 -3.20 101 -12
Consolidated Net Income / (Loss)		 -455 158 -28 -1.40 -21 1.50 -426 -9.50 -3.20 101 -12
Depreciation Expense		 37 35 36 36 36 35 35 36 35 35 35
Amortization Expense		 1.90 2.00 2.00 1.90 2.00 1.90 2.00 2.10 2.10 2.00 2.00
Non-Cash Adjustments To Reconcile Net Income		 408 24 -0.60 12 19 -1.70 422 6.40 12 7.50 3.80
Changes in Operating Assets and Liabilities, net		 50 -8.70 -23 -2.60 1.70 -13 -50 22 27 -126 -28
Net Cash From Investing Activities		 -19 605 -21 -11 -9.40 -15 -11 -7.00 -5.40 -14 -8.40
Net Cash From Continuing Investing Activities		 -16 -12 -9.10 -11 -9.40 -15 -11 -7.00 -5.40 -14 -8.40
Purchase of Property, Plant & Equipment		 -15 -17 -12 -8.80 -13 -22 -14 -8.70 -6.10 -11 -8.40
Sale and/or Maturity of Investments		 - - 0.00 - - - 3.40 - - - 0.00
Other Investing Activities, net		 -0.80 4.50 1.00 -0.40 0.60 5.60 -0.10 - -0.50 -2.70 0.00
Net Cash From Financing Activities		 -16 -649 46 -29 -4.20 -68 25 -42 -70 -19 5.90
Net Cash From Continuing Financing Activities		 -16 -649 46 -29 -4.20 -68 25 -42 -70 -19 5.90
Repayment of Debt		 -71 -700 -17 -49 -32 -466 -23 -45 -64 -31 -1.80
Payment of Dividends		 -5.50 -5.50 -5.40 -5.40 -5.40 -5.40 -5.50 -5.90 -5.40 -5.50 -5.90
Issuance of Debt		 65 61 69 25 33 404 54 10 - 18 16
Other Financing Activities, net		 -0.20 -11 -1.10 -0.30 -0.10 -1.50 -1.30 -1.40 -1.20 -0.60 -2.70
Effect of Exchange Rate Changes		 -2.10 5.80 -3.00 -1.30 4.80 -8.60 1.50 3.60 -0.20 0.50 -1.00
Cash Interest Paid		 29 27 17 29 18 28 13 29 13 28 11
Cash Income Taxes Paid		 8.20 10 1.70 7.00 -0.50 6.70 1.60 1.20 6.60 2.10 -0.60

Annual Balance Sheets for Mativ

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2021 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 1,290 1,174 1,543 1,467 1,472 2,420 2,420 3,669 2,642 2,448 2,052
Total Current Assets		 445 364 433 429 428 595 595 975 713 658 639
Cash & Equivalents		 187 107 107 94 103 75 75 101 120 94 84
Restricted Cash		 - - - - - - - - - 0.00 5.60
Accounts Receivable		 119 115 149 155 143 238 238 178 177 162 181
Inventories, net		 112 119 155 152 161 260 260 415 353 355 329
Current Deferred & Refundable Income Taxes		 - 0.00 3.40 12 13 10 10 19 31 21 18
Other Current Assets		 4.60 22 5.40 5.10 7.40 12 12 28 32 26 21
Plant, Property, & Equipment, net		 308 307 362 340 0.00 464 462 692 673 620 625
Total Noncurrent Assets		 537 502 748 697 662 1,362 1,364 2,003 1,257 1,170 788
Goodwill		 233 230 341 338 337 648 648 844 474 466 58
Intangible Assets		 214 178 297 273 251 514 514 710 631 553 514
Noncurrent Deferred & Refundable Income Taxes		 0.10 3.70 1.00 0.30 3.70 34 34 34 6.40 8.10 104
Other Noncurrent Operating Assets		 22 28 40 34 69 101 101 141 127 126 112
Total Liabilities & Shareholders' Equity		 1,290 1,174 1,543 1,467 1,472 2,420 2,420 3,669 2,642 2,448 2,052
Total Liabilities		 822 665 996 909 874 1,738 1,738 2,490 1,693 1,589 1,553
Total Current Liabilities		 143 136 147 144 158 231 231 466 281 275 285
Short-Term Debt		 3.30 3.00 5.10 3.30 1.90 3.20 2.70 34 2.80 2.60 2.90
Accounts Payable		 49 50 59 66 66 116 116 181 139 152 161
Accrued Expenses		 86 77 79 73 87 109 102 129 114 101 111
Current Deferred & Payable Income Tax Liabilities		 5.30 5.30 4.00 1.60 2.80 2.60 2.60 10 14 8.40 1.50
Other Current Liabilities		 - - - - - - 7.80 9.40 11 11 9.00
Total Noncurrent Liabilities		 679 530 849 765 716 1,507 1,507 2,024 1,412 1,315 1,268
Long-Term Debt		 568 437 679 619 541 1,267 1,265 1,656 1,102 1,087 1,015
Capital Lease Obligations		 - - - - - - 19 25 35 36 39
Noncurrent Deferred & Payable Income Tax Liabilities		 45 30 42 48 48 95 95 152 142 101 75
Noncurrent Employee Benefit Liabilities		 34 33 31 28 32 39 39 60 62 54 54
Other Noncurrent Operating Liabilities		 32 29 60 43 74 89 73 49 63 37 85
Total Equity & Noncontrolling Interests		 468 508 547 558 598 682 682 1,179 949 859 499
Total Preferred & Common Equity		 468 508 547 558 598 682 682 1,179 949 859 499
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 468 508 547 558 598 682 682 1,179 949 859 499
Common Stock		 57 62 69 74 82 105 105 664 675 681 691
Retained Earnings		 553 585 567 608 638 696 696 611 235 164 -196
Accumulated Other Comprehensive Income / (Loss)		 -141 -139 -89 -125 -123 -119 -119 -95 39 13 4.00

Quarterly Balance Sheets for Mativ

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 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 3,713 3,675 3,649 3,118 2,653 2,608 2,623 2,052 2,077 2,002 2,035
Total Current Assets		 1,064 1,005 963 914 759 752 777 686 701 672 665
Cash & Equivalents		 82 97 108 85 129 133 162 84 96 97 82
Restricted Cash		 - - - - - - - 9.80 10 5.80 5.00
Accounts Receivable		 454 304 278 179 226 218 209 202 209 201 203
Inventories, net		 485 544 522 365 341 347 354 346 345 330 335
Current Deferred & Refundable Income Taxes		 16 21 20 18 29 21 17 19 17 17 14
Other Current Assets		 27 39 36 29 35 32 36 25 25 22 26
Plant, Property, & Equipment, net		 843 872 875 665 652 633 636 622 632 615 607
Total Noncurrent Assets		 1,805 1,797 1,811 1,538 1,241 1,223 1,210 744 744 715 763
Goodwill		 849 871 875 468 471 470 476 55 58 57 57
Intangible Assets		 661 675 660 637 610 592 586 545 547 529 493
Noncurrent Deferred & Refundable Income Taxes		 31 35 34 2.80 8.60 9.70 10 9.60 0.20 0.10 100
Other Noncurrent Operating Assets		 200 139 168 168 135 135 122 118 123 112 112
Total Liabilities & Shareholders' Equity		 3,713 3,675 3,649 3,118 2,653 2,608 2,623 2,052 2,077 2,002 2,035
Total Liabilities		 2,580 2,516 2,500 2,445 1,746 1,710 1,741 1,624 1,660 1,604 1,562
Total Current Liabilities		 439 469 426 404 300 305 328 288 296 315 294
Short-Term Debt		 1.80 35 35 35 2.70 2.70 2.80 2.70 2.90 2.90 2.90
Accounts Payable		 239 254 214 149 166 169 173 177 173 185 184
Accrued Expenses		 187 155 151 109 100 110 131 89 103 113 96
Current Deferred & Payable Income Tax Liabilities		 12 16 17 12 19 13 10 8.60 5.50 2.70 2.00
Other Current Liabilities		 - 9.80 9.50 9.40 12 11 11 11 12 11 9.30
Total Noncurrent Liabilities		 2,141 2,047 2,074 2,041 1,446 1,404 1,413 1,336 1,365 1,289 1,268
Long-Term Debt		 1,827 1,698 1,713 1,704 1,155 1,134 1,141 1,120 1,088 1,026 1,033
Capital Lease Obligations		 - 27 38 31 36 35 35 36 42 40 38
Noncurrent Deferred & Payable Income Tax Liabilities		 141 158 160 137 131 121 116 77 86 81 73
Noncurrent Employee Benefit Liabilities		 95 80 79 56 61 60 59 55 57 56 51
Other Noncurrent Operating Liabilities		 65 69 75 43 56 55 63 48 92 87 73
Total Equity & Noncontrolling Interests		 1,133 1,159 1,149 673 907 898 882 428 417 397 472
Total Preferred & Common Equity		 1,133 1,159 1,149 673 907 898 882 428 417 397 472
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 1,133 1,159 1,149 673 907 898 882 428 417 397 472
Common Stock		 660 668 671 674 673 675 677 684 686 688 690
Retained Earnings		 631 579 551 86 202 195 168 -267 -282 -291 -213
Accumulated Other Comprehensive Income / (Loss)		 -158 -88 -73 -87 33 28 37 11 13 0.20 -4.90

Annual Metrics And Ratios for Mativ

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 30,472,399.00 30,535,550.00 30,721,566.00 30,767,451.00 30,896,661.00 31,323,338.00 31,458,255.00 - - - 54,681,114.00
DEI Adjusted Shares Outstanding		 30,472,399.00 30,535,550.00 30,721,566.00 30,767,451.00 30,896,661.00 31,323,338.00 31,458,255.00 - - - 54,681,114.00
DEI Earnings Per Adjusted Shares Outstanding		 2.94 2.71 1.12 3.07 2.78 2.65 2.79 - - - -6.17
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -3.80% 9.92% 16.93% 6.03% -1.78% 5.05% -13.37% 75.88% 23.77% -2.22% 0.30%
EBITDA Growth		 -2.68% -1.09% 21.62% -22.83% 31.52% 4.88% -57.50% -9.29% -441.50% 158.75% -256.88%
EBIT Growth		 -0.17% -4.51% 16.73% 12.93% -8.28% -3.91% -89.12% -382.01% -968.11% 100.74% -12,741.94%
NOPAT Growth		 -4.75% 12.15% -56.11% 204.13% -7.87% -7.56% -110.86% -148.15% -929.60% 101.52% -6,201.59%
Net Income Growth		 0.00% -7.69% -58.33% 173.91% -9.21% -2.33% 6.09% -107.42% -4,589.39% 84.26% -592.81%
EPS Growth		 0.34% -8.16% -58.52% 173.21% -9.80% -3.62% 3,300,751,884.96% -100.00% -3,061.11% 84.18% -587.78%
Operating Cash Flow Growth		 -12.78% -10.37% 1.00% 6.18% 15.24% 0.81% -64.11% 248.62% -47.28% -11.07% 41.14%
Free Cash Flow Firm Growth		 -187.50% 169.03% -388.81% 163.60% 235.99% -319.33% 97.42% -2,369.31% 131.97% -61.26% 85.96%
Invested Capital Growth		 34.23% 1.83% 34.11% -1.96% -35.96% 176.95% 0.88% 35.24% -20.41% -4.01% -22.44%
Revenue Q/Q Growth		 3.82% -1.30% 3.91% 1.26% -0.99% 3.96% -29.97% 29.32% 10.96% 0.32% 0.23%
EBITDA Q/Q Growth		 6.04% -12.51% 9.37% -27.06% 42.31% 1.63% -53.88% 148.71% 17.41% 10.58% -2.23%
EBIT Q/Q Growth		 6.57% -16.22% 12.73% 4.17% -0.75% -1.84% -85.55% -2.35% 11.95% 126.27% -1.21%
NOPAT Q/Q Growth		 6.57% 1.90% -59.28% 81.29% -3.85% -2.56% -116.18% 50.86% 9.77% 320.00% 1.91%
Net Income Q/Q Growth		 3.70% -5.37% -56.22% 57.50% 17.86% -5.52% 74.66% -114.93% 33.40% -145.30% 22.74%
EPS Q/Q Growth		 3.89% -5.92% -56.25% 57.73% 17.45% -5.67% 5,487,500,075.00% -100.00% 100.00% -100.00% 22.91%
Operating Cash Flow Q/Q Growth		 -6.22% -12.07% -6.43% 6.26% -2.73% 8.53% -28.92% 323.90% -55.10% -24.10% -3.46%
Free Cash Flow Firm Q/Q Growth		 -167.80% 139.49% -20.99% 31.53% 183.20% -3,388.45% 95.39% 37.06% -54.07% -34.84% -40.55%
Invested Capital Q/Q Growth		 45.35% -4.32% -4.99% -3.23% -34.80% 58.83% 1.45% -12.11% -2.78% -0.44% 7.52%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 29.37% 30.71% 28.86% 26.75% 28.35% 28.70% 19.68% 18.69% 17.56% 18.38% 18.26%
EBITDA Margin		 20.44% 18.40% 19.13% 13.92% 18.64% 18.62% 9.13% 4.71% -13.00% 7.81% -12.21%
Operating Margin		 13.48% 13.10% 13.06% 12.96% 13.10% 11.99% -1.74% -2.46% -20.43% 0.32% -19.35%
EBIT Margin		 15.08% 13.10% 13.07% 13.92% 13.00% 11.90% 1.49% -2.39% -20.67% 0.16% -19.72%
Profit (Net Income) Margin		 11.74% 9.86% 3.51% 9.08% 8.39% 7.80% 9.55% -0.40% -15.28% -2.46% -16.98%
Tax Burden Percent		 85.02% 88.65% 33.99% 80.91% 88.54% 86.13% -335.47% 6.84% 64.36% 61.72% 72.87%
Interest Burden Percent		 91.58% 84.91% 79.05% 80.55% 72.86% 76.13% -190.65% 246.17% 114.86% -2,545.16% 118.14%
Effective Tax Rate		 20.47% 16.49% 68.57% 9.16% 15.69% 18.91% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 12.30% 11.92% 4.43% 11.88% 13.47% 8.46% -0.62% -1.31% -13.04% 0.23% -16.04%
ROIC Less NNEP Spread (ROIC-NNEP)		 16.45% 8.71% 2.91% 6.02% 3.05% 4.99% 8.18% 0.46% -14.75% -4.95% -22.87%
Return on Net Nonoperating Assets (RNNOA)		 6.45% 5.04% 2.11% 5.23% 1.38% 4.63% 13.65% 0.60% -16.04% -5.62% -33.68%
Return on Equity (ROE)		 18.75% 16.96% 6.54% 17.11% 14.85% 13.09% 13.03% -0.71% -29.08% -5.39% -49.72%
Cash Return on Invested Capital (CROIC)		 -16.93% 10.11% -24.71% 13.85% 57.31% -85.42% -1.50% -31.27% 9.68% 4.32% 9.23%
Operating Return on Assets (OROA)		 9.31% 8.93% 9.45% 9.64% 9.05% 6.57% 0.57% -1.29% -13.27% 0.12% -17.42%
Return on Assets (ROA)		 7.25% 6.72% 2.54% 6.28% 5.84% 4.31% 3.67% -0.22% -9.81% -1.91% -15.00%
Return on Common Equity (ROCE)		 18.75% 16.96% 6.54% 17.11% 14.85% 13.09% 13.03% -0.71% -29.08% -5.39% -49.72%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -0.56% -32.61% -5.67% 0.00%
Net Operating Profit after Tax (NOPAT)		 82 92 40 123 113 104 -11 -28 -290 4.41 -269
NOPAT Margin		 10.72% 10.94% 4.11% 11.78% 11.05% 9.72% -1.22% -1.72% -14.30% 0.22% -13.54%
Net Nonoperating Expense Percent (NNEP)		 -4.15% 3.21% 1.52% 5.86% 10.43% 3.48% -8.80% -1.76% 1.71% 5.18% 6.84%
Return On Investment Capital (ROIC_SIMPLE)		 7.88% 9.68% 3.28% 10.39% 9.91% 5.35% -0.58% -0.97% -13.87% 0.22% -17.30%
Cost of Revenue to Revenue		 70.63% 69.29% 71.14% 73.25% 71.65% 71.30% 80.32% 81.31% 82.44% 81.62% 81.74%
SG&A Expenses to Revenue		 12.15% 12.48% 13.16% 12.16% 13.57% 14.32% 19.95% 15.57% 13.03% 11.80% 11.51%
R&D to Revenue		 1.83% 2.08% 1.81% 1.46% 1.32% 1.28% 1.27% 1.15% 1.05% 1.16% 1.19%
Operating Expenses to Revenue		 15.89% 17.61% 15.79% 13.78% 15.25% 16.71% 21.42% 21.15% 37.99% 18.06% 37.61%
Earnings before Interest and Taxes (EBIT)		 115 110 128 145 133 128 14 -39 -419 3.10 -392
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 156 155 188 145 191 200 85 77 -263 155 -243
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.67 1.74 1.69 0.96 1.59 1.42 1.11 0.89 0.84 0.68 1.30
Price to Tangible Book Value (P/TBV)		 37.68 8.75 0.00 0.00 104.12 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 1.02 1.06 0.94 0.52 0.93 0.90 0.81 0.64 0.39 0.29 0.33
Price to Earnings (P/E)		 8.70 10.71 26.86 5.68 11.04 11.68 8.62 0.00 0.00 0.00 0.00
Dividend Yield		 6.02% 5.58% 5.60% 9.92% 5.74% 5.69% 7.32% 8.84% 6.81% 3.74% 3.37%
Earnings Yield		 11.50% 9.34% 3.72% 17.61% 9.06% 8.56% 11.60% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.44 1.49 1.38 0.99 2.12 1.16 1.04 1.07 0.92 0.85 1.10
Enterprise Value to Revenue (EV/Rev)		 1.44 1.38 1.46 0.97 1.36 1.96 2.05 1.62 0.90 0.81 0.81
Enterprise Value to EBITDA (EV/EBITDA)		 7.03 7.48 7.64 6.99 7.27 10.50 22.39 34.47 0.00 10.43 0.00
Enterprise Value to EBIT (EV/EBIT)		 9.53 10.51 11.18 6.99 10.43 16.44 136.94 0.00 0.00 520.39 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 13.40 12.58 35.60 8.26 12.28 20.11 0.00 0.00 0.00 365.81 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 7.58 8.91 10.96 7.28 8.65 13.00 32.82 13.15 17.03 17.02 12.09
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 14.84 0.00 7.08 2.89 0.00 0.00 0.00 8.44 19.36 10.44
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.22 0.87 1.25 1.12 0.91 1.86 1.89 1.45 1.20 1.31 2.12
Long-Term Debt to Equity		 1.21 0.86 1.24 1.11 0.90 1.86 1.88 1.43 1.20 1.31 2.11
Financial Leverage		 0.39 0.58 0.73 0.87 0.45 0.93 1.67 1.31 1.09 1.13 1.47
Leverage Ratio		 2.59 2.52 2.57 2.72 2.54 3.04 3.55 3.27 2.97 2.82 3.32
Compound Leverage Factor		 2.37 2.14 2.04 2.19 1.85 2.32 -6.76 8.05 3.41 -71.67 3.92
Debt to Total Capital		 54.98% 46.42% 55.59% 52.72% 47.59% 65.06% 65.34% 59.25% 54.57% 56.73% 67.94%
Short-Term Debt to Total Capital		 0.32% 0.32% 0.41% 0.28% 0.17% 0.16% 0.14% 1.16% 0.13% 0.13% 0.19%
Long-Term Debt to Total Capital		 54.67% 46.11% 55.17% 52.44% 47.42% 64.90% 65.21% 58.09% 54.43% 56.60% 67.76%
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% 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% 0.00%
Common Equity to Total Capital		 45.02% 53.58% 44.41% 47.28% 52.41% 34.94% 34.66% 40.75% 45.43% 43.27% 32.06%
Debt to EBITDA		 3.66 2.85 3.64 4.29 2.85 6.35 15.13 22.24 -4.33 7.28 -4.36
Net Debt to EBITDA		 2.03 1.74 2.71 3.29 2.31 5.66 13.49 20.93 -3.87 6.67 -3.99
Long-Term Debt to EBITDA		 3.64 2.83 3.61 4.27 2.84 6.34 15.10 21.81 -4.32 7.26 -4.34
Debt to NOPAT		 6.98 4.79 16.97 5.07 4.80 12.16 -113.42 -60.95 -3.93 255.26 -3.93
Net Debt to NOPAT		 3.88 2.93 12.62 3.88 3.89 10.83 -101.14 -57.35 -3.52 233.88 -3.59
Long-Term Debt to NOPAT		 6.94 4.76 16.84 5.05 4.79 12.13 -113.18 -59.75 -3.92 254.67 -3.92
Altman Z-Score		 2.34 2.76 2.21 2.21 2.47 1.54 1.25 1.06 0.85 1.32 0.66
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 3.11 2.68 2.94 2.99 2.71 2.57 2.57 2.09 2.53 2.40 2.24
Quick Ratio		 2.14 1.64 1.74 1.73 1.56 1.35 1.35 0.60 1.05 0.94 0.93
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -113 78 -225 143 481 -1,054 -27 -673 215 83 155
Operating Cash Flow to CapEx		 576.49% 423.86% 388.72% 468.35% 826.29% 492.68% 0.00% 496.81% 160.54% 190.36% 360.65%
Free Cash Flow to Firm to Interest Expense		 -11.63 4.69 -8.36 5.07 13.31 -34.56 -0.67 -11.74 3.46 1.02 2.18
Operating Cash Flow to Interest Expense		 14.92 7.81 4.87 4.93 4.44 5.30 1.44 3.53 1.71 1.16 1.88
Operating Cash Flow Less CapEx to Interest Expense		 12.33 5.97 3.62 3.88 3.90 4.22 1.76 2.82 0.65 0.55 1.36
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.62 0.68 0.72 0.69 0.70 0.55 0.38 0.54 0.64 0.78 0.88
Accounts Receivable Turnover		 7.16 7.16 7.43 6.85 6.87 5.64 3.91 7.87 11.42 11.69 11.58
Inventory Turnover		 4.89 5.02 5.09 4.97 4.68 3.64 2.88 3.95 4.35 4.57 4.75
Fixed Asset Turnover		 2.28 2.73 2.93 2.97 0.00 0.00 2.01 2.84 2.97 3.06 3.19
Accounts Payable Turnover		 11.51 11.72 12.74 12.20 11.09 8.40 6.44 8.97 10.44 11.11 10.40
Days Sales Outstanding (DSO)		 50.95 50.95 49.15 53.28 53.14 64.75 93.34 46.40 31.95 31.22 31.53
Days Inventory Outstanding (DIO)		 74.66 72.69 71.73 73.38 77.93 100.27 126.71 92.44 83.86 79.91 76.88
Days Payable Outstanding (DPO)		 31.72 31.14 28.65 29.93 32.90 43.45 56.64 40.67 34.95 32.84 35.10
Cash Conversion Cycle (CCC)		 93.89 92.50 92.22 96.73 98.16 121.57 163.41 98.17 80.86 78.28 73.31
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 764 778 1,043 1,022 655 1,813 1,829 2,474 1,969 1,890 1,466
Invested Capital Turnover		 1.15 1.09 1.08 1.01 1.22 0.87 0.51 0.76 0.91 1.03 1.18
Increase / (Decrease) in Invested Capital		 195 14 265 -20 -368 1,159 16 645 -505 -79 -424
Enterprise Value (EV)		 1,097 1,156 1,435 1,013 1,387 2,101 1,904 2,658 1,816 1,613 1,617
Market Capitalization		 780 886 927 537 947 970 757 1,044 796 582 650
Book Value per Share		 $15.35 $16.65 $17.80 $18.13 $19.35 $21.78 $21.69 $21.46 $17.51 $15.80 $9.12
Tangible Book Value per Share		 $0.68 $3.32 ($2.99) ($1.72) $0.29 ($15.32) ($15.26) ($6.83) ($2.88) ($2.95) ($1.34)
Total Capital		 1,039 949 1,231 1,180 1,140 1,953 1,968 2,894 2,089 1,984 1,556
Total Debt		 572 440 684 622 543 1,270 1,286 1,715 1,140 1,126 1,057
Total Long-Term Debt		 568 437 679 619 541 1,267 1,284 1,681 1,137 1,123 1,054
Net Debt		 318 269 509 476 440 1,131 1,147 1,614 1,020 1,031 967
Capital Expenditures (CapEx)		 25 31 34 30 19 33 -13 41 66 50 37
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 119 124 184 195 169 292 292 441 314 292 266
Debt-free Net Working Capital (DFNWC)		 305 232 291 289 272 367 366 542 434 386 356
Net Working Capital (NWC)		 302 229 286 286 270 364 364 509 431 384 353
Net Nonoperating Expense (NNE)		 -7.79 9.06 5.82 28 27 21 -100 -22 20 53 68
Net Nonoperating Obligations (NNO)		 296 269 496 464 57 1,131 1,147 1,294 1,020 1,031 967
Total Depreciation and Amortization (D&A)		 41 45 60 0.00 58 72 71 116 155 152 149
Debt-free, Cash-free Net Working Capital to Revenue		 15.51% 14.78% 18.76% 18.75% 16.50% 27.18% 31.32% 26.94% 15.48% 14.73% 13.41%
Debt-free Net Working Capital to Revenue		 39.92% 27.56% 29.64% 27.75% 26.57% 34.13% 39.35% 33.12% 21.42% 19.49% 17.93%
Net Working Capital to Revenue		 39.48% 27.21% 29.12% 27.44% 26.39% 33.83% 39.06% 31.06% 21.28% 19.36% 17.78%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.95 $2.71 $1.12 $3.07 $2.78 $0.00 $0.00 ($0.18) ($5.69) ($0.90) ($6.19)
Adjusted Weighted Average Basic Shares Outstanding		 30.25M 30.31M 30.41M 30.55M 30.65M 0.00 0.00 42.44M 54.51M 54.31M 54.61M
Adjusted Diluted Earnings per Share		 $2.94 $2.70 $1.12 $3.06 $2.76 $0.00 $0.00 ($0.18) ($310,200,005.69) ($0.90) ($6.19)
Adjusted Weighted Average Diluted Shares Outstanding		 30.37M 30.46M 30.55M 30.69M 30.84M 0.00 0.00 42.44M 54.51M 54.31M 54.61M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $2.78 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 30.54M 30.71M 30.77M 30.90M 31.19M 0.00 0.00 54.98M 54.30M 54.52M 54.78M
Normalized Net Operating Profit after Tax (NOPAT)		 94 113 95 124 116 114 -10 -15 6.79 31 33
Normalized NOPAT Margin		 12.24% 13.48% 9.72% 11.93% 11.35% 10.62% -1.08% -0.90% 0.34% 1.57% 1.67%
Pre Tax Income Margin		 13.81% 11.12% 10.34% 11.22% 9.47% 9.06% -2.85% -5.90% -23.74% -3.98% -23.30%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 11.88 6.63 4.77 5.14 3.68 4.19 0.34 -0.68 -6.73 0.04 -5.51
NOPAT to Interest Expense		 8.44 5.53 1.50 4.35 3.13 3.42 -0.28 -0.49 -4.66 0.05 -3.78
EBIT Less CapEx to Interest Expense		 9.29 4.78 3.52 4.09 3.15 3.11 0.67 -1.39 -7.80 -0.57 -6.03
NOPAT Less CapEx to Interest Expense		 5.86 3.69 0.25 3.30 2.59 2.35 0.04 -1.20 -5.73 -0.55 -4.31
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 52.29% 59.66% 150.43% 56.30% 63.40% 65.63% 62.20% -1,093.94% -17.87% -44.35% -6.61%
Augmented Payout Ratio		 55.52% 60.51% 153.91% 59.47% 64.45% 66.83% 66.03% -1,093.94% -17.87% -44.35% -6.61%

Quarterly Metrics And Ratios for Mativ

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - 54,517,608.00 54,632,920.00 54,672,519.00 54,681,114.00 54,777,042.00
DEI Adjusted Shares Outstanding		 - - - - - - 54,517,608.00 54,632,920.00 54,672,519.00 54,681,114.00 54,777,042.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - -7.80 -0.17 -0.06 1.84 -0.21
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -9.66% 79.34% -8.89% -0.51% 0.06% 1.39% -3.08% 0.31% 3.05% 0.98% -1.07%
EBITDA Growth		 -10,788.57% 258.14% -27.42% 0.00% 108.40% 43.53% -1,608.02% 25.58% 53.13% -10.86% 111.54%
EBIT Growth		 -1,291.39% 94.35% -317.24% 20.51% 98.64% 438.24% -3,473.55% 129.79% 312.28% -40.87% 102.04%
NOPAT Growth		 -1,228.80% 95.32% -527.27% 0.96% 101.67% 218.18% -3,020.29% -965.99% 128.57% 288.46% 101.70%
Net Income Growth		 -1,922.22% 6,208.00% -263.64% 68.89% 95.43% -99.05% -1,419.64% -578.57% 84.62% 6,620.00% 97.25%
EPS Growth		 -1,906.61% 4,077.68% -258.97% 67.39% 95.41% -89.23% -1,403.85% -500.00% 84.21% 6,133.33% 97.19%
Operating Cash Flow Growth		 4,212.50% -70.70% 37.20% 14.68% 14.29% -55.54% -22.31% 24.95% 93.62% -19.92% 106.29%
Free Cash Flow Firm Growth		 147.93% 174.29% 185.95% 190.20% -73.41% -83.96% -77.40% -49.16% 314.65% 434.03% -77.69%
Invested Capital Growth		 -28.05% -20.41% -28.64% -30.15% -6.26% -4.01% -24.25% -25.42% -28.18% -22.44% -2.30%
Revenue Q/Q Growth		 -5.38% -9.21% 10.59% 4.72% -4.83% -8.00% 5.71% 8.37% -2.23% -9.85% 3.56%
EBITDA Q/Q Growth		 -898.95% 108.92% -22.94% 82.06% -32.91% 52.50% -909.63% 115.16% -18.20% -11.22% 4.83%
EBIT Q/Q Growth		 -5,487.18% 99.19% -255.88% 177.69% -160.64% 301.75% -3,860.00% 105.00% -43.98% -43.80% 29.41%
NOPAT Q/Q Growth		 -4,137.50% 99.48% -527.27% 176.09% -33.33% -62.86% -16,661.54% 78.88% 117.60% -36.88% -27.72%
Net Income Q/Q Growth		 -10,011.11% 134.66% -117.76% 95.00% -1,385.71% 107.21% -28,466.67% 97.77% 66.32% 3,250.00% -111.61%
EPS Q/Q Growth		 -9,802.17% 202.72% -105.98% 94.64% -1,293.33% 341.15% -26,166.67% 97.70% 66.67% 3,216.67% -111.76%
Operating Cash Flow Q/Q Growth		 -18.16% 64.74% -123.99% 454.62% -18.44% -35.90% -165.98% 462.26% 26.39% -73.49% -94.82%
Free Cash Flow Firm Q/Q Growth		 153.02% 1.59% 55.32% 7.82% -84.37% -38.71% 118.88% 142.50% 27.46% -21.06% -90.86%
Invested Capital Q/Q Growth		 -26.92% -2.78% 0.14% -1.82% -1.93% -0.44% -20.98% -3.34% -5.55% 7.52% -0.46%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 17.40% 18.99% 16.79% 20.79% 18.78% 16.92% 14.98% 19.74% 19.35% 18.83% 17.70%
EBITDA Margin		 -76.50% 7.52% 5.24% 9.11% 6.42% 10.64% -81.50% 11.40% 9.54% 9.39% 9.51%
Operating Margin		 -84.28% -0.49% -2.76% 2.00% 1.40% 0.57% -88.82% 3.83% 3.11% 2.18% 1.52%
EBIT Margin		 -84.34% -0.75% -2.42% 1.79% -1.14% 2.51% -89.19% 4.11% 2.36% 1.47% 1.83%
Profit (Net Income) Margin		 -91.33% 34.87% -5.60% -0.27% -4.17% 0.33% -87.77% -1.81% -0.62% 21.77% -2.44%
Tax Burden Percent		 104.12% -938.69% 92.11% 15.56% 86.67% -9.68% 94.51% -316.67% 57.14% -988.24% 134.48%
Interest Burden Percent		 104.00% 494.12% 251.24% -95.74% 421.05% -134.78% 104.12% 13.89% -46.28% -150.00% -98.86%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 416.67% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -44.52% -0.31% -1.61% 1.18% 0.99% 0.41% -70.55% -14.11% 2.65% 1.81% 1.43%
ROIC Less NNEP Spread (ROIC-NNEP)		 -55.14% 13.45% -2.99% 0.52% -1.18% 0.38% -82.20% -8.86% 1.20% 11.19% -0.21%
Return on Net Nonoperating Assets (RNNOA)		 -92.62% 14.63% -3.86% 0.67% -1.80% 0.43% -131.12% -13.91% 1.85% 16.47% -0.47%
Return on Equity (ROE)		 -137.14% 14.32% -5.47% 1.85% -0.81% 0.83% -201.67% -28.02% 4.50% 18.28% 0.96%
Cash Return on Invested Capital (CROIC)		 19.35% 9.68% 20.85% 22.85% 6.52% 4.32% 11.01% 12.52% 15.98% 9.23% 4.86%
Operating Return on Assets (OROA)		 -45.09% -0.48% -1.51% 1.13% -0.79% 1.95% -74.53% 3.45% 2.02% 1.30% 1.78%
Return on Assets (ROA)		 -48.83% 22.38% -3.50% -0.17% -2.87% 0.25% -73.34% -1.52% -0.53% 19.22% -2.37%
Return on Common Equity (ROCE)		 -137.14% 14.32% -5.47% 1.85% -0.81% 0.83% -201.67% -28.02% 4.50% 18.28% 0.96%
Return on Equity Simple (ROE_SIMPLE)		 -69.05% 0.00% -36.37% -36.38% 12.18% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -294 -1.54 -9.66 7.35 4.90 1.82 -301 -64 11 7.07 5.11
NOPAT Margin		 -59.00% -0.34% -1.93% 1.40% 0.98% 0.40% -62.17% -12.11% 2.18% 1.53% 1.07%
Net Nonoperating Expense Percent (NNEP)		 10.62% -13.76% 1.37% 0.66% 2.17% 0.03% 11.65% -5.25% 1.45% -9.38% 1.64%
Return On Investment Capital (ROIC_SIMPLE)		 -12.04% -0.07% -0.46% 0.36% 0.24% 0.09% -18.99% -4.11% 0.76% 0.45% 0.33%
Cost of Revenue to Revenue		 82.60% 81.01% 83.21% 79.21% 81.22% 83.08% 85.02% 80.26% 80.65% 81.17% 82.30%
SG&A Expenses to Revenue		 16.84% 3.87% 15.47% 15.43% 13.98% 1.29% 13.06% 10.89% 10.45% 11.77% 11.43%
R&D to Revenue		 1.08% 1.02% 1.20% 1.11% 1.14% 1.20% 1.30% 1.28% 1.09% 1.08% 1.15%
Operating Expenses to Revenue		 101.69% 19.48% 19.55% 18.79% 17.37% 16.35% 103.80% 15.91% 16.24% 16.65% 16.18%
Earnings before Interest and Taxes (EBIT)		 -420 -3.40 -12 9.40 -5.70 12 -432 22 12 6.80 8.80
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -381 34 26 48 32 49 -395 60 49 44 46
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.10 0.84 1.08 0.99 1.02 0.68 0.75 0.86 1.51 1.30 1.00
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 0.00
Price to Revenue (P/Rev)		 0.41 0.39 0.50 0.45 0.46 0.29 0.16 0.18 0.30 0.33 0.24
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 8.33 0.00 0.00 0.00 0.00 0.00 6.17
Dividend Yield		 9.58% 6.81% 3.87% 2.43% 2.41% 3.74% 6.79% 6.09% 3.64% 3.37% 4.65%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 12.00% 0.00% 0.00% 0.00% 0.00% 0.00% 16.21%
Enterprise Value to Invested Capital (EV/IC)		 1.20 0.92 1.04 1.00 1.01 0.85 0.93 0.96 1.15 1.10 1.00
Enterprise Value to Revenue (EV/Rev)		 1.33 0.90 1.04 0.98 0.97 0.81 0.71 0.70 0.79 0.81 0.74
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 13.70 10.43 0.00 0.00 0.00 0.00 7.36
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 520.39 0.00 0.00 0.00 0.00 29.58
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 1,824.80 365.81 0.00 0.00 0.00 0.00 38.94
Enterprise Value to Operating Cash Flow (EV/OCF)		 10.22 17.03 17.91 16.06 15.34 17.02 15.09 13.40 11.30 12.09 9.68
Enterprise Value to Free Cash Flow (EV/FCFF)		 5.18 8.44 4.15 3.59 14.99 19.36 7.27 6.55 6.01 10.44 20.32
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 2.63 1.20 1.32 1.30 1.34 1.31 2.71 2.72 2.69 2.12 2.27
Long-Term Debt to Equity		 2.58 1.20 1.31 1.30 1.33 1.31 2.70 2.71 2.68 2.11 2.27
Financial Leverage		 1.68 1.09 1.29 1.30 1.52 1.13 1.60 1.57 1.55 1.47 2.28
Leverage Ratio		 3.78 2.97 3.06 3.06 3.69 2.82 3.52 3.56 3.61 3.32 4.54
Compound Leverage Factor		 3.93 14.65 7.69 -2.93 15.54 -3.80 3.67 0.49 -1.67 -4.97 -4.49
Debt to Total Capital		 72.44% 54.57% 56.82% 56.60% 57.18% 56.73% 73.02% 73.11% 72.90% 67.94% 69.46%
Short-Term Debt to Total Capital		 1.41% 0.13% 0.13% 0.13% 0.14% 0.13% 0.17% 0.19% 0.20% 0.19% 0.19%
Long-Term Debt to Total Capital		 71.03% 54.43% 56.69% 56.47% 57.04% 56.60% 72.85% 72.93% 72.70% 67.76% 69.27%
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% 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% 0.00%
Common Equity to Total Capital		 27.56% 45.43% 43.18% 43.40% 42.82% 43.27% 26.98% 26.89% 27.10% 32.06% 30.54%
Debt to EBITDA		 -5.55 -4.33 -4.37 -4.29 8.42 7.28 -4.35 -4.45 -4.50 -4.36 5.42
Net Debt to EBITDA		 -5.28 -3.87 -3.90 -3.80 7.26 6.67 -4.00 -4.04 -4.07 -3.99 4.98
Long-Term Debt to EBITDA		 -5.44 -4.32 -4.36 -4.28 8.40 7.26 -4.34 -4.44 -4.49 -4.34 5.41
Debt to NOPAT		 -5.51 -3.93 -4.01 -3.93 1,122.10 255.26 -4.03 -4.04 -3.90 -3.93 28.68
Net Debt to NOPAT		 -5.25 -3.52 -3.57 -3.48 967.62 233.88 -3.71 -3.66 -3.52 -3.59 26.35
Long-Term Debt to NOPAT		 -5.40 -3.92 -4.00 -3.92 1,119.43 254.67 -4.02 -4.03 -3.89 -3.92 28.60
Altman Z-Score		 0.56 1.36 1.38 1.39 1.35 1.33 0.43 1.16 1.25 1.30 1.24
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.27 2.53 2.54 2.46 2.37 2.40 2.38 2.37 2.14 2.24 2.26
Quick Ratio		 0.65 1.05 1.18 1.15 1.13 0.94 0.99 1.03 0.95 0.93 0.97
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 495 503 782 843 132 81 177 428 546 431 39
Operating Cash Flow to CapEx		 223.81% 328.48% -128.71% 523.86% 376.00% 115.31% -114.39% 662.07% 1,485.71% 170.80% 11.90%
Free Cash Flow to Firm to Interest Expense		 29.49 37.56 42.71 45.80 7.20 2.99 9.93 23.03 30.85 25.36 2.25
Operating Cash Flow to Interest Expense		 1.96 4.04 -0.71 2.51 2.05 0.89 -0.89 3.10 4.11 1.14 0.06
Operating Cash Flow Less CapEx to Interest Expense		 1.08 2.81 -1.26 2.03 1.51 0.12 -1.67 2.63 3.84 0.47 -0.42
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.53 0.64 0.63 0.63 0.69 0.78 0.84 0.84 0.86 0.88 0.97
Accounts Receivable Turnover		 5.76 11.42 7.46 7.97 10.18 11.69 9.19 9.21 9.69 11.58 9.79
Inventory Turnover		 3.62 4.35 3.67 3.70 4.46 4.57 4.70 4.68 4.76 4.75 4.72
Fixed Asset Turnover		 2.42 2.97 2.59 2.62 3.04 3.06 3.08 3.11 3.17 3.19 3.22
Accounts Payable Turnover		 7.93 10.44 7.75 8.40 9.95 11.11 9.41 9.49 9.11 10.40 8.92
Days Sales Outstanding (DSO)		 63.33 31.95 48.92 45.82 35.84 31.22 39.73 39.62 37.66 31.53 37.29
Days Inventory Outstanding (DIO)		 100.84 83.86 99.43 98.54 81.88 79.91 77.73 77.93 76.69 76.88 77.32
Days Payable Outstanding (DPO)		 46.03 34.95 47.10 43.44 36.67 32.84 38.79 38.48 40.08 35.10 40.94
Cash Conversion Cycle (CCC)		 118.14 80.86 101.25 100.92 81.04 78.28 78.67 79.08 74.27 73.31 73.67
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,025 1,969 1,972 1,936 1,898 1,890 1,493 1,444 1,363 1,466 1,459
Invested Capital Turnover		 0.75 0.91 0.84 0.84 1.01 1.03 1.13 1.16 1.22 1.18 1.34
Increase / (Decrease) in Invested Capital		 -789 -505 -791 -835 -127 -79 -478 -492 -535 -424 -34
Enterprise Value (EV)		 2,427 1,816 2,047 1,931 1,916 1,613 1,387 1,386 1,566 1,617 1,458
Market Capitalization		 743 796 982 893 900 582 321 359 600 650 471
Book Value per Share		 $12.30 $17.51 $16.70 $16.53 $16.24 $15.80 $7.85 $7.63 $7.27 $9.12 $8.62
Tangible Book Value per Share		 ($7.89) ($2.88) ($3.20) ($3.00) ($3.29) ($2.95) ($3.15) ($3.43) ($3.45) ($1.34) ($1.42)
Total Capital		 2,442 2,089 2,100 2,069 2,061 1,984 1,587 1,550 1,466 1,556 1,546
Total Debt		 1,769 1,140 1,194 1,171 1,178 1,126 1,159 1,133 1,069 1,057 1,074
Total Long-Term Debt		 1,735 1,137 1,191 1,168 1,175 1,123 1,156 1,130 1,066 1,054 1,071
Net Debt		 1,684 1,020 1,065 1,038 1,016 1,031 1,065 1,027 966 967 987
Capital Expenditures (CapEx)		 15 17 10 8.80 10 21 14 8.70 4.90 11 8.40
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 461 314 334 316 290 292 307 303 258 266 286
Debt-free Net Working Capital (DFNWC)		 545 434 463 449 452 386 401 409 361 356 374
Net Working Capital (NWC)		 511 431 460 447 449 384 398 406 358 353 371
Net Nonoperating Expense (NNE)		 161 -159 18 8.75 26 0.32 124 -54 14 -94 17
Net Nonoperating Obligations (NNO)		 1,352 1,020 1,065 1,038 1,016 1,031 1,065 1,027 966 967 987
Total Depreciation and Amortization (D&A)		 39 37 38 38 38 37 37 38 37 37 37
Debt-free, Cash-free Net Working Capital to Revenue		 25.23% 15.48% 16.87% 16.00% 14.68% 14.73% 15.62% 15.39% 13.00% 13.41% 14.45%
Debt-free Net Working Capital to Revenue		 29.87% 21.42% 23.39% 22.76% 22.89% 19.49% 20.39% 20.78% 18.19% 17.93% 18.86%
Net Working Capital to Revenue		 27.98% 21.28% 23.26% 22.62% 22.75% 19.36% 20.25% 20.63% 18.04% 17.78% 18.71%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($8.33) $2.86 ($0.52) ($0.03) ($0.38) $0.03 ($7.82) ($0.18) ($0.06) $1.87 ($0.22)
Adjusted Weighted Average Basic Shares Outstanding		 54.66M 54.51M 54.27M 54.32M 54.33M 54.31M 54.45M 54.62M 54.67M 54.61M 54.83M
Adjusted Diluted Earnings per Share		 ($455,500,008.33) $467,900,002.86 ($28,000,000.52) ($1,500,000.03) ($20,900,000.38) $50,400,000.03 ($7.82) ($0.18) ($0.06) $1.87 ($0.22)
Adjusted Weighted Average Diluted Shares Outstanding		 54.66M 54.51M 54.27M 54.32M 54.33M 54.31M 54.45M 54.62M 54.67M 54.61M 54.83M
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 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 54.20M 54.30M 54.32M 54.33M 54.34M 54.52M 54.63M 54.67M 54.68M 54.78M 55.12M
Normalized Net Operating Profit after Tax (NOPAT)		 -1.82 -1.54 0.42 16 13 1.82 -8.68 17 17 8.26 6.02
Normalized NOPAT Margin		 -0.37% -0.34% 0.08% 2.98% 2.56% 0.40% -1.79% 3.18% 3.28% 1.78% 1.26%
Pre Tax Income Margin		 -87.72% -3.71% -6.08% -1.72% -4.81% -3.38% -92.86% 0.57% -1.09% -2.20% -1.81%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -25.01 -0.25 -0.66 0.51 -0.31 0.43 -24.29 1.16 0.68 0.40 0.50
NOPAT to Interest Expense		 -17.50 -0.11 -0.53 0.40 0.27 0.07 -16.93 -3.42 0.63 0.42 0.29
EBIT Less CapEx to Interest Expense		 -25.89 -1.49 -1.21 0.03 -0.86 -0.35 -25.07 0.69 0.41 -0.26 0.02
NOPAT Less CapEx to Interest Expense		 -18.37 -1.35 -1.08 -0.08 -0.28 -0.71 -17.71 -3.89 0.36 -0.25 -0.19
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 -15.47% -17.87% -11.73% -6.67% 20.19% -44.35% -4.86% -4.89% -5.08% -6.61% 29.71%
Augmented Payout Ratio		 -15.47% -17.87% -11.73% -6.67% 20.19% -44.35% -4.86% -4.89% -5.08% -6.61% 29.71%

Financials Breakdown Chart

Key Financial Trends

Mativ’s latest quarter shows a business that is still under pressure, but there are a few signs of stabilization in revenue and operating cash flow. In Q1 2026, the company reported revenue of $479.6 million and a net loss of $11.7 million, versus a profit in the prior quarter and a small loss a year earlier. Cash flow from operations was barely positive at $1.0 million, while the balance sheet still carries a heavy debt load of about $1.04 billion in long-term debt.

  • Revenue in Q1 2026 rose to $479.6 million, up from $463.1 million in Q4 2025, showing modest sequential sales improvement.
  • Gross profit improved to $84.9 million in Q1 2026 from $87.2 million in Q4 2025, while gross margin stayed relatively healthy for a materials business.
  • Operating cash flow was positive at $1.0 million in Q1 2026, even after a net loss, suggesting the core business still generated some cash.
  • Capital spending was modest at $8.4 million in Q1 2026, which may help preserve liquidity.
  • Cash and equivalents totaled $82.3 million at the end of Q1 2026, providing some near-term cushion.
  • Quarterly revenue has generally hovered in the high-$400 million to low-$500 million range over the past year, indicating stability rather than rapid deterioration.
  • Depreciation and amortization remain significant non-cash expenses, which is typical for an asset-heavy industrial company and supports reported cash flow conversion.
  • The company continued to pay a quarterly dividend of $0.10 per share, signaling management’s intent to return cash to shareholders.
  • Q1 2026 net income was a loss of $11.7 million, reversing the $100.8 million profit reported in Q4 2025.
  • Operating income fell to just $7.3 million in Q1 2026, down sharply from $10.1 million in Q4 2025 and well below stronger periods in 2024.
  • Interest expense remains a major burden at $17.5 million in Q1 2026, and interest paid in cash was $10.9 million.
  • The balance sheet remains highly leveraged, with $1.03 billion of long-term debt and $1.56 billion of total liabilities against $472.3 million of equity.
  • Working capital consumption was a drag in Q1 2026, with changes in operating assets and liabilities using $27.9 million of cash.
  • The company’s profitability has been volatile across the last several years, including large impairment-related losses and weak quarters in 2025 and 2024.

Big picture: Mativ appears to be in a turnaround phase. The latest quarter was not strong from a profit standpoint, but the business did maintain positive operating cash flow and modest revenue growth versus the prior quarter. Investors should focus on whether management can keep margins stable, reduce debt over time, and avoid additional impairment charges. For now, leverage and inconsistent earnings remain the biggest risks.

07/11/26 08:43 AM ETAI Generated. May Contain Errors.

Mativ Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Mativ's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Mativ's net income appears to be on an upward trend, with a most recent value of -$337.40 million in 2025, falling from $89.70 million in 2015. The previous period was -$48.70 million in 2024. Check out Mativ's forecast to explore projected trends and price targets.

Mativ's total operating income in 2025 was -$384.40 million, based on the following breakdown:
  • Total Gross Profit: $362.90 million
  • Total Operating Expenses: $747.30 million

Over the last 10 years, Mativ's total revenue changed from $764.10 million in 2015 to $1.99 billion in 2025, a change of 160.0%.

Mativ's total liabilities were at $1.55 billion at the end of 2025, a 2.3% decrease from 2024, and a 88.9% increase since 2015.

In the past 10 years, Mativ's cash and equivalents has ranged from $74.70 million in 2020 to $186.50 million in 2015, and is currently $84.20 million as of their latest financial filing in 2025.

Over the last 10 years, Mativ's book value per share changed from 15.35 in 2015 to 9.12 in 2025, a change of -40.6%.


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Financial statements for NYSE:MATV last updated on 7/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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