Mativ Holdings Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Mativ Holdings has an operating margin of 0.3%, meaning the company retains $0 of operating profit per $100 of revenue. This below-average margin results in a low score of 2/100, suggesting thin profitability after operating expenses. This is up from -20.4% the prior year.
Mativ Holdings's revenue declined 2.2% year-over-year, from $2.0B to $2.0B. This contraction results in a growth score of 22/100.
Mativ Holdings has a moderate D/E ratio of 1.27. This balance of debt and equity financing earns a leverage score of 64/100.
With a current ratio of 2.40, Mativ Holdings holds $2.40 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 76/100.
Mativ Holdings's free cash flow margin of 2.0% results in a low score of 10/100. Capital expenditures of $55.0M absorb a large share of operating cash flow.
Mativ Holdings scores 1.40, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Mativ Holdings passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Mativ Holdings generates $-1.95 in operating cash flow ($94.8M OCF vs -$48.7M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Mativ Holdings earns $0.1 in operating income for every $1 of interest expense ($6.3M vs $74.7M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Mativ Holdings (MATV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Mativ Holdings generated $2.0B in revenue in fiscal year 2024. This represents a decrease of 2.2% from the prior year.
Mativ Holdings's EBITDA was $150.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 156.4% from the prior year.
Mativ Holdings generated $39.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 2.0% from the prior year.
Mativ Holdings reported -$48.7M in net income in fiscal year 2024. This represents an increase of 84.3% from the prior year.
Mativ Holdings earned $-0.90 per diluted share (EPS) in fiscal year 2024. This represents an increase of 84.2% from the prior year.
Mativ Holdings held $94.3M in cash against $1.1B in long-term debt as of fiscal year 2024.
Mativ Holdings paid $0.40 per share in dividends in fiscal year 2024. This represents a decrease of 60.0% from the prior year.
Mativ Holdings had 54M shares outstanding in fiscal year 2024. This represents an increase of 0.2% from the prior year.
Mativ Holdings's gross margin was 18.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.8 percentage points from the prior year.
Mativ Holdings's operating margin was 0.3% in fiscal year 2024, reflecting core business profitability. This is up 20.8 percentage points from the prior year.
Mativ Holdings's net profit margin was -2.5% in fiscal year 2024, showing the share of revenue converted to profit. This is up 12.8 percentage points from the prior year.
Mativ Holdings invested $23.0M in research and development in fiscal year 2024. This represents an increase of 8.5% from the prior year.
Mativ Holdings invested $55.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 16.7% from the prior year.
MATV Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $513.7M-2.2% | $525.4M+8.4% | $484.8M+5.7% | $458.6M-12.4% | $523.8M+4.7% | $500.2M+10.6% | $452.3M-9.2% | $498.2M |
| Cost of Revenue | $414.3M-1.8% | $421.7M+2.3% | $412.2M+8.2% | $381.0M-8.2% | $414.9M-0.3% | $416.2M+13.6% | $366.4M-11.0% | $411.5M |
| Gross Profit | $99.4M-4.1% | $103.7M+42.8% | $72.6M-6.4% | $77.6M-28.7% | $108.9M+29.6% | $84.0M-2.2% | $85.9M-0.9% | $86.7M |
| R&D Expenses | $5.6M-16.4% | $6.7M+6.3% | $6.3M+14.5% | $5.5M-5.2% | $5.8M-3.3% | $6.0M+30.4% | $4.6M-14.8% | $5.4M |
| SG&A Expenses | $53.7M-6.1% | $57.2M-9.6% | $63.3M+19.9% | $52.8M-18.9% | $65.1M+5.7% | $61.6M-21.1% | $78.1M+23.2% | $63.4M |
| Operating Income | $16.0M-20.4% | $20.1M+104.7% | -$430.6M-16661.5% | $2.6M-75.2% | $10.5M+176.1% | -$13.8M-527.3% | -$2.2M+99.5% | -$419.9M |
| Interest Expense | $17.7M-4.8% | $18.6M+4.5% | $17.8M-9.6% | $19.7M+7.1% | $18.4M+0.5% | $18.3M+1043.8% | $1.6M-90.5% | $16.8M |
| Income Tax | -$2.4M-119.2% | $12.5M+150.6% | -$24.7M-45.3% | -$17.0M-123.7% | -$7.6M-216.7% | -$2.4M+25.0% | -$3.2M-111.7% | $27.3M |
| Net Income | -$3.2M+66.3% | -$9.5M+97.8% | -$425.5M-28466.7% | $1.5M+207.1% | -$1.4M+95.0% | -$28.0M-117.8% | $157.7M+134.7% | -$455.0M |
| EPS (Diluted) | $-0.06+66.7% | $-0.18+97.7% | $-7.82-26166.7% | $0.03+200.0% | $-0.03+94.2% | $-0.52-118.2% | $2.86+134.3% | $-8.33 |
MATV Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.0B-3.6% | $2.1B+1.2% | $2.1B-16.2% | $2.4B-6.1% | $2.6B-1.7% | $2.7B+0.4% | $2.6B-15.2% | $3.1B |
| Current Assets | $672.4M-4.1% | $701.4M+2.2% | $686.2M+4.3% | $658.1M-12.5% | $751.7M-1.0% | $759.3M+6.6% | $712.5M-22.1% | $914.4M |
| Cash & Equivalents | $97.1M+1.6% | $95.6M+13.8% | $84.0M-10.9% | $94.3M-29.3% | $133.4M+3.5% | $128.9M+7.2% | $120.2M+41.9% | $84.7M |
| Inventory | $330.3M-4.1% | $344.5M-0.4% | $346.0M-2.6% | $355.1M+2.3% | $347.2M+1.8% | $341.0M-3.4% | $352.9M-3.2% | $364.6M |
| Accounts Receivable | $200.6M-4.0% | $208.9M+3.4% | $202.1M+24.4% | $162.4M-25.6% | $218.2M-3.4% | $225.8M+27.9% | $176.5M-1.6% | $179.3M |
| Goodwill | $57.3M-0.3% | $57.5M+4.9% | $54.8M-88.2% | $465.6M-0.8% | $469.5M-0.2% | $470.6M-0.7% | $474.1M+1.3% | $468.0M |
| Total Liabilities | $1.6B-3.4% | $1.7B+2.2% | $1.6B+2.2% | $1.6B-7.0% | $1.7B-2.1% | $1.7B+3.1% | $1.7B-30.7% | $2.4B |
| Current Liabilities | $314.7M+6.5% | $295.5M+2.6% | $288.1M+5.0% | $274.5M-10.0% | $305.1M+1.9% | $299.5M+6.4% | $281.4M-30.3% | $403.5M |
| Long-Term Debt | $1.0B-5.7% | $1.1B-2.9% | $1.1B+3.1% | $1.1B-4.1% | $1.1B-1.9% | $1.2B+4.9% | $1.1B-35.3% | $1.7B |
| Total Equity | $397.4M-4.6% | $416.6M-2.7% | $428.2M-50.1% | $858.5M-4.4% | $898.0M-1.0% | $906.9M-4.4% | $949.1M+41.0% | $673.0M |
| Retained Earnings | -$290.9M-3.1% | -$282.1M-5.7% | -$266.9M-262.4% | $164.3M-15.6% | $194.6M-3.5% | $201.6M-14.2% | $235.0M+172.3% | $86.3M |
MATV Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $72.8M+26.4% | $57.6M+462.3% | -$15.9M-166.0% | $24.1M-47.7% | $46.1M+454.6% | -$13.0M-124.0% | $54.2M+64.7% | $32.9M |
| Capital Expenditures | $6.1M-29.9% | $8.7M-37.4% | $13.9M-37.1% | $22.1M+154.0% | $8.7M-28.1% | $12.1M-27.1% | $16.6M+12.9% | $14.7M |
| Free Cash Flow | $66.7M+36.4% | $48.9M+264.1% | -$29.8M-1590.0% | $2.0M-94.7% | $37.4M+249.0% | -$25.1M-166.8% | $37.6M+106.6% | $18.2M |
| Investing Cash Flow | -$5.4M+22.9% | -$7.0M+34.0% | -$10.6M+30.7% | -$15.3M-40.4% | -$10.9M+48.3% | -$21.1M-103.5% | $605.4M+3337.4% | -$18.7M |
| Financing Cash Flow | -$70.3M-67.4% | -$42.0M-271.4% | $24.5M+136.0% | -$68.1M-131.6% | -$29.4M-164.2% | $45.8M+107.1% | -$648.8M-3929.8% | -$16.1M |
| Dividends Paid | $200K+100.0% | $100K-98.2% | $5.5M+1.9% | $5.4M+5300.0% | $100K-98.1% | $5.4M-1.8% | $5.5M+1000.0% | $500K |
| Share Buybacks | N/A | N/A | N/A | $0-100.0% | $100K-85.7% | $700K-80.6% | $3.6M-14.3% | $4.2M |
MATV Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 19.4%-0.4pp | 19.7%+4.8pp | 15.0%-1.9pp | 16.9%-3.9pp | 20.8%+4.0pp | 16.8%-2.2pp | 19.0%+1.6pp | 17.4% |
| Operating Margin | 3.1%-0.7pp | 3.8%+92.7pp | -88.8%-89.4pp | 0.6%-1.4pp | 2.0%+4.8pp | -2.8%-2.3pp | -0.5%+83.8pp | -84.3% |
| Net Margin | -0.6%+1.2pp | -1.8%+86.0pp | -87.8%-88.1pp | 0.3%+0.6pp | -0.3%+5.3pp | -5.6%-40.5pp | 34.9%+126.2pp | -91.3% |
| Return on Equity | N/A | N/A | N/A | 0.2% | N/A | N/A | 16.6% | N/A |
| Return on Assets | -0.2%+0.3pp | -0.5%+20.3pp | -20.7%-20.8pp | 0.1%+0.1pp | -0.1%+1.0pp | -1.1%-7.0pp | 6.0%+20.6pp | -14.6% |
| Current Ratio | 2.14-0.2 | 2.370.0 | 2.38-0.0 | 2.40-0.1 | 2.46-0.1 | 2.540.0 | 2.53+0.3 | 2.27 |
| Debt-to-Equity | 2.58-0.0 | 2.610.0 | 2.62+1.4 | 1.270.0 | 1.26-0.0 | 1.27+0.1 | 1.16-1.4 | 2.53 |
| FCF Margin | 13.0%+3.7pp | 9.3%+15.5pp | -6.2%-6.6pp | 0.4%-6.7pp | 7.1%+12.2pp | -5.0%-13.3pp | 8.3%+4.7pp | 3.6% |
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Frequently Asked Questions
What is Mativ Holdings's annual revenue?
Mativ Holdings (MATV) reported $2.0B in total revenue for fiscal year 2024. This represents a -2.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Mativ Holdings's revenue growing?
Mativ Holdings (MATV) revenue declined by 2.2% year-over-year, from $2.0B to $2.0B in fiscal year 2024.
Is Mativ Holdings profitable?
No, Mativ Holdings (MATV) reported a net income of -$48.7M in fiscal year 2024, with a net profit margin of -2.5%.
What is Mativ Holdings's earnings per share (EPS)?
Mativ Holdings (MATV) reported diluted earnings per share of $-0.90 for fiscal year 2024. This represents a 84.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Mativ Holdings's EBITDA?
Mativ Holdings (MATV) had EBITDA of $150.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Mativ Holdings have?
As of fiscal year 2024, Mativ Holdings (MATV) had $94.3M in cash and equivalents against $1.1B in long-term debt.
What is Mativ Holdings's gross margin?
Mativ Holdings (MATV) had a gross margin of 18.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Mativ Holdings's operating margin?
Mativ Holdings (MATV) had an operating margin of 0.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Mativ Holdings's net profit margin?
Mativ Holdings (MATV) had a net profit margin of -2.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Mativ Holdings pay dividends?
Yes, Mativ Holdings (MATV) paid $0.40 per share in dividends during fiscal year 2024.
What is Mativ Holdings's free cash flow?
Mativ Holdings (MATV) generated $39.8M in free cash flow during fiscal year 2024. This represents a -2.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Mativ Holdings's operating cash flow?
Mativ Holdings (MATV) generated $94.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Mativ Holdings's total assets?
Mativ Holdings (MATV) had $2.4B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Mativ Holdings's capital expenditures?
Mativ Holdings (MATV) invested $55.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Mativ Holdings spend on research and development?
Mativ Holdings (MATV) invested $23.0M in research and development during fiscal year 2024.
How many shares does Mativ Holdings have outstanding?
Mativ Holdings (MATV) had 54M shares outstanding as of fiscal year 2024.
What is Mativ Holdings's current ratio?
Mativ Holdings (MATV) had a current ratio of 2.40 as of fiscal year 2024, which is generally considered healthy.
What is Mativ Holdings's debt-to-equity ratio?
Mativ Holdings (MATV) had a debt-to-equity ratio of 1.27 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Mativ Holdings's return on assets (ROA)?
Mativ Holdings (MATV) had a return on assets of -2.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Mativ Holdings's Altman Z-Score?
Mativ Holdings (MATV) has an Altman Z-Score of 1.40, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Mativ Holdings's Piotroski F-Score?
Mativ Holdings (MATV) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Mativ Holdings's earnings high quality?
Mativ Holdings (MATV) has an earnings quality ratio of -1.95x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Mativ Holdings cover its interest payments?
Mativ Holdings (MATV) has an interest coverage ratio of 0.1x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Mativ Holdings?
Mativ Holdings (MATV) scores 35 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.