Mativ Holdings, Inc. MATV

Basic materials SIC 2621 - Paper Mills NAICS Manufacturing › Paper Manufacturing › Pulp, Paper, and Paperboard Mills › Paper Mills derived NYSE

Mativ Holdings, Inc. is a global leader in specialty materials, solving our customers' most complex challenges by engineering bold, innovative solutions that connect, protect, and purify our world. Mativ manufactures globally through our family of business-to-business and consumer product brands. Mativ targets premium applications across diversified and growing end-markets, from filtration to healthcare to sustainable packaging and more. Our broad portfolio of technologies combines polymers, fibers, and resins to optimize the performance of our customers' products across multiple stages of the value chain.

Mativ was incorporated in Delaware in 1995 as a wholly-owned subsidiary of Kimberly-Clark Corporation ("Kimberly-Clark"). On November 30, 1995, Kimberly-Clark transferred its tobacco-related paper and other paper products businesses conducted in the United States, France and Canada to the Company and distributed all of the outstanding shares of common stock of the Company to its stockholders (the "spin-off"). As a result, the Company became an independent public company. Over time, the Company diversified its portfolio through innovation efforts and a number of acquisitions to broaden its exposure to adjacent categories, such as filtration, specialty films, tapes, and healthcare.

Last close 12.06 2026-10-23
Market cap $665.6M 2026-06-30 share count
52-week range 7.07 - 15.48

Valuation FY2025 figures against the last close

P/S0.3x
P/E—
P/FCF7.1x
EV/EBITDA—
Dividend yield3.4%
Diluted EPS-6.19

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • SAS
  • FAM
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 SAS, FY2025: 1.2B (61.4%) 61% SAS FAM, FY2025: 767.5M (38.6%) 39% FAM FY2024 SAS, FY2024: 1.2B (61.3%) 61% FAM, FY2024: 766.5M (38.7%) 39% FY2023 SAS, FY2023: 1.2B (60.0%) 60% FAM, FY2023: 810M (40.0%) 40%
Segment FY2025FY2024FY2023
SAS $1.22B $1.21B $1.22B
FAM $767.5M $766.5M $810.0M

As the company reported it, from the “Revenue Recognition - Schedule of Net Sales are Attributed to the Geographic Locations (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.99B$1.98B$2.03B$1.64B$930.7M$1.07B$1.02B$1.04B$982.1M$839.9M
Cost of revenue $1.62B$1.62B$1.67B$1.33B$747.5M$766.1M$732.8M$762.8M$698.7M$582.0M
Gross profit $362.9M$364.1M$355.8M$306.0M$183.2M$308.3M$290.0M$278.5M$283.4M$257.9M
R&D $23.6M$23.0M$21.2M$18.8M$11.8M$13.8M$13.5M$15.2M$17.8M$17.5M
SG&A $228.7M$233.8M$263.9M$254.9M$153.2M$116.9M$105.1M$90.9M$95.9M$79.5M
Total operating expenses ———————$141.8M$147.0M$122.3M
Operating income -$384.4M$6.3M-$413.9M-$40.2M-$16.2M$128.8M$134.0M$135.0M$128.3M$110.0M
Interest expense $71.1M$74.7M$62.2M$57.3M$40.4M$30.5M$36.1M$28.2M$26.9M$16.6M
Pre-tax income -$463.0M-$78.9M-$480.9M-$96.5M-$26.5M$97.3M$96.9M$116.8M$101.5M$93.4M
Income tax $125.6M$30.2M$26.8M$27.6M$28.2M$18.4M$15.2M$10.7M$69.6M$15.4M
Net income -$337.4M-$48.7M-$309.5M-$6.6M$88.9M$83.8M$85.8M$94.5M$34.5M$82.8M
EPS, basic -6.19-0.90-5.69-0.182.832.682.783.071.122.71
EPS, diluted -6.19-0.90-5.69-0.182.802.662.763.061.122.70
Shares, diluted (wtd. avg.) 54.6M54.3M54.5M42.4M31.4M31.1M30.8M30.7M30.5M30.5M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $84.2M$94.3M$120.2M$124.4M$74.7M$54.7M$103.0M$93.8M$106.9M$107.4M
Receivables $180.9M$162.4M$176.5M$178.2M$238.0M$148.5M$143.2M$154.6M$149.4M—
Inventory $329.1M$355.1M$352.9M$414.6M$259.5M$179.7M$161.4M$151.5M$155.2M—
Total current assets $638.6M$658.1M$712.5M$974.7M$594.6M$396.4M$427.5M$429.2M$433.1M—
Property, plant and equipment $609.1M$620.3M$672.5M$691.5M$461.7M——$340.3M$361.9M—
Goodwill $57.6M$465.6M$474.1M$844.2M$645.0M$403.7M$337.4M$338.1M$341.3M$229.5M
Other intangibles $514.2M$553.4M$631.3M$710.3M$513.9M$314.7M$251.2M$272.8M$297.2M—
Total assets $2.05B$2.45B$2.64B$3.67B$2.42B$1.58B$1.47B$1.47B$1.54B$1.17B
Accounts payable $160.7M$151.7M$139.3M$180.6M$116.0M$60.5M$66.4M$65.7M$59.4M—
Short-term debt $2.9M$2.6M$2.8M$33.6M$2.7M$2.8M$1.9M$3.3M$5.1M—
Total current liabilities $285.3M$274.5M$281.4M$466.2M$231.1M$166.9M$157.6M$143.5M$147.1M—
Long-term debt $1.02B$1.09B$1.10B$1.66B$1.26B$590.5M$540.8M$618.8M$679.1M—
Total liabilities $1.55B$1.59B$1.69B$2.49B$1.74B$935.3M$874.0M$908.6M$995.8M—
Retained earnings -$195.8M$164.3M$235.0M$610.7M$696.4M$666.2M$638.4M$608.2M$566.7M—
Total equity $498.7M$858.5M$949.1M$1.18B$682.2M$649.6M$597.7M$557.9M$546.7M$508.3M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $133.8M$94.8M$106.6M$202.2M$58.0M$161.6M$160.3M$139.1M$131.0M$129.7M
Depreciation and amortisation $141.0M$143.8M$147.8M$109.9M$67.1M$70.1M$57.7M$61.6M$59.5M$44.5M
Stock-based compensation $11.1M$11.4M$10.5M$20.4M$8.5M$8.8M$7.7M$4.8M$7.1M$5.8M
Capital expenditure $40.0M$55.0M$66.0M$45.6M$19.4M$30.1M$28.6M$27.0M$37.2M$27.8M
Investing cash flow -$37.0M-$56.7M$547.2M-$481.3M-$636.4M-$203.1M-$14.8M-$27.5M-$318.5M-$22.4M
Financing cash flow -$106.7M-$55.9M-$662.9M$331.5M$599.9M-$8.6M-$135.8M-$120.9M$179.5M-$185.7M
Dividends paid $22.3M$21.6M$55.3M$72.2M$55.3M$55.0M$54.4M$53.2M$51.9M$49.4M
Buybacks ——$10.6M$6.9M$3.4M$1.0M$900.0K$3.0M$1.2M$700.0K

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001000623-26-000016.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B 3B Revenue, FY2016: 839.9M Gross profit, FY2016: 257.9M Net income, FY2016: 82.8M Revenue, FY2017: 982.1M Gross profit, FY2017: 283.4M Net income, FY2017: 34.5M Revenue, FY2018: 1B Gross profit, FY2018: 278.5M Net income, FY2018: 94.5M Revenue, FY2019: 1B Gross profit, FY2019: 290M Net income, FY2019: 85.8M Revenue, FY2020: 1.1B Gross profit, FY2020: 308.3M Net income, FY2020: 83.8M Revenue, FY2021: 930.7M Gross profit, FY2021: 183.2M Net income, FY2021: 88.9M Revenue, FY2022: 1.6B Gross profit, FY2022: 306M Net income, FY2022: -6.6M Revenue, FY2023: 2B Gross profit, FY2023: 355.8M Net income, FY2023: -309.5M Revenue, FY2024: 2B Gross profit, FY2024: 364.1M Net income, FY2024: -48.7M Revenue, FY2025: 2B Gross profit, FY2025: 362.9M Net income, FY2025: -337.4M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $839.9M $982.1M $1.04B $1.02B $1.07B $930.7M $1.64B $2.03B $1.98B $1.99B
Gross profit $257.9M $283.4M $278.5M $290.0M $308.3M $183.2M $306.0M $355.8M $364.1M $362.9M
Net income $82.8M $34.5M $94.5M $85.8M $83.8M $88.9M -$6.6M -$309.5M -$48.7M -$337.4M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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