Mativ Holdings, Inc. MATV
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.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | -0.18 | 2.83 | 2.68 | 2.78 | 3.07 | 1.12 | 2.71 |
| EPS, diluted | -6.19 | -0.90 | -5.69 | -0.18 | 2.80 | 2.66 | 2.76 | 3.06 | 1.12 | 2.70 |
| Shares, diluted (wtd. avg.) | $54.6M | $54.3M | $54.5M | $42.4M | $31.4M | $31.1M | $30.8M | $30.7M | $30.5M | $30.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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.
Others in SIC 2621
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|---|---|---|---|---|
| IP | INTERNATIONAL PAPER CO /NEW/ | $19.72B | — | 49.3% |
| SLVM | Sylvamo Corp | $1.43B | 11.1x | -11.2% |
| MAGN | Magnera Corp | $448.9M | — | 46.5% |
| SUZ | Suzano S.A. | — | — | — |