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Mativ Holdings, Inc.

MATV Basic Materials Specialty Chemicals

Mativ Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.0 billion, roughly unchanged from fiscal 2024.

Revenue
−2.76%
EPS
+50.0%
Free cash flow
−28.6%
Total debt
−5.19%

Quarter to September 2026, against a year earlier

11.25 1.11 −8.98%
Market cap
$682.2M
P/E
7.5×
Fwd P/E
−40.5×
Dividend yield
3.23%
F-score
3/9
Altman Z
0.68
Beneish M
−3.65
Dividend safety
33/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 2.17%

Capital & Financial Ratios $m

Size
Market Cap 682.15
Revenue ttm 1,974.00
Net income ttm 91.50
Free cash flow ttm 136.70
Net debt Q 889.60
Valuation
P/E 7.50
Forward P/E (40.50) (negative: loss-making)
Price / sales 0.35
Forward P/S Powerpack
Price / FCF 6.53
Price / book 1.46
Financial health
Current ratio Q 1.93 (at or above 1.5: strong)
Debt / equity Q 2.12 (above 2: weak)
Interest coverage Q 1.10
Growth
Revenue growth Q −2.76% (below 0%: shrinking)
Operating income growth Q +24.38% (above 0%: growing)
EPS, this year +38.57% (at or above 15%: strong)
EPS, next year A +28.87% (at or above 15%: strong)
Revenue, next year A +1.76%
EPS, past 5 yrs —
EPS, next 5 yrs A +28.14% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.8×, against a ten-year median of 1.6×; over the ten years it ranged from 0.7× in 2026 to 2.4× in 2022.
P/E against its own 10 years 8.24%
10-year low 10-year high
P/S against its own 10 years 16.83%
10-year low 10-year high
P/B against its own 10 years 43.23%
10-year low 10-year high
EV/Sales against its own 10 years 12.14%
10-year low 10-year high
EV/FCF against its own 10 years 36.45%
10-year low 10-year high

Dividends

Yield
3.23%
Annual rate
0.40
Payout ratio
24.8%
Growth, 2017–25
−18.8%/yr
  1. 2.11 ’17
  2. 2.00 ’18 −5
  3. 2.29 ’19 +15
  4. 2.29 ’20 +0
  5. 2.29 ’21 +0
  6. 2.21 ’22 −4
  7. 1.13 ’23 −49
  8. 0.40 ’24 −65
  9. 0.40 ’25 +0
  10. 0.40 ’26e +0
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 120 94 90 102
Receivables 207 183 199 259
Inventory 353 355 329 329
Other 32 26 21 19
713 658 639 709
2023 2024 2025 Q'26
Payables 139 152 161 220
ST’ Debt 3 3 3 4
Other — — — —
281 275 285 367

Compound Annual Growth %

10y 5y 3y
Sales 10.03% 13.09% 6.67%
Cash Flow (0.78%) (3.71%) (12.86%)
Earnings 0.00% 0.00% 0.00%
Book Value 0.64% (5.15%) (24.94%)

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.25 Actual 0.31

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.09 0.15 Beat by 0.06
Q1 FY26 0.02 0.06 Beat by 0.04
Q2 FY26 0.28 0.50 Beat by 0.22
Q3 FY26 0.25 0.31 Beat by 0.06
Q4 FY26 0.16 — Reports 17 February 2027

EPS $

Mar Jun Sep Dec Year
’26 (0.22) 0.06 (0.03) — —
’25 (7.82) (0.18) (0.06) 1.80 (6.19)
’24 (0.52) (0.03) (0.38) 0.03 (0.90)
’23 (0.14) (0.08) (8.33) 2.89 (5.69)
’22 0.05 0.36 (0.43) 0.04 (0.18)
’21 0.68 0.06 0.38 1.68 2.80
’20 0.72 0.68 0.78 0.48 2.66
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 480 532 500 — —
’25 485 525 514 463 1,987
’24 500 524 499 459 1,981
’23 549 527 498 452 2,026
’22 407 426 552 252 1,637
’21 288 378 384 (119) 931
’20 262 254 279 279 1,074
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 1 68 49 — —
’25 (16) 58 73 19 134
’24 (13) 46 38 24 95
’23 (21) 40 33 54 107
’22 5 13 (1) 185 202
’21 13 7 8 31 58
’20 5 44 58 54 162
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (7) 60 49 — —
’25 (30) 51 68 8 97
’24 (23) 37 28 3 46
’23 (35) 19 18 38 41
’22 (5) 3 (3) 166 162
’21 5 (3) 0 69 71
’20 (3) 36 51 45 129
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 840 982 1,041 1,023 1,074 931 1,637 2,026 1,981 1,987 1,974 +10.0% 2,022 2,089 2,061 +1.2%
Gross margin, % 30.71 28.86 26.75 28.35 28.70 19.68 18.69 17.56 18.38 18.26 19.41 (12.4) pt
EBT 93 102 117 97 97 (26) (96) (481) (79) (463) (11) n/m
EBT margin, % 11.12 10.33 11.22 9.47 9.06 (2.85) (5.90) (23.74) (3.98) (23.30) (0.54) (34.4) pt
Net income 83 35 95 86 84 89 (7) (309) (49) (337) 92 n/m
Per share, $
Per share, $ Revenue 27.71 32.30 34.08 33.37 34.85 29.99 38.57 37.17 36.48 36.39 35.77 +3.1%
Earnings 2.71 1.12 3.07 2.78 2.68 2.83 (0.18) (5.69) (0.90) (6.19) 1.65 n/m
Cash flow 4.28 4.31 4.55 5.23 5.24 1.87 4.76 1.96 1.75 2.45 2.48 (6.0%)
Capex (1.01) (1.11) (0.97) (0.63) (1.06) 0.42 (0.96) (1.21) (0.91) (0.68) 0.00 (4.3%)
Free cash flow 3.27 3.20 3.58 4.60 4.18 2.29 3.81 0.74 0.84 1.77 2.48 (6.6%)
Book value 16.77 17.98 18.26 19.50 21.07 21.99 27.79 17.41 15.81 9.13 8.46 (6.5%)
Shares, m 30 30 31 31 31 31 42 55 54 55 55 +6.8%
Valuation, ×
Valuation, × P/E 16.96 41.10 8.19 15.10 15.00 10.57 1,068.50 0.00 0.00 0.00 7.50 117.5
P/S 1.66 1.43 0.73 1.26 1.15 1.00 0.55 0.43 0.30 0.33 0.35 0.9
P/B 2.74 2.56 1.37 2.15 1.91 1.36 0.77 0.91 0.69 1.33 1.46 1.6
EV/Sales 2.06 2.01 1.24 1.69 1.66 2.28 1.54 0.92 0.81 0.81 0.80 1.5
EV/FCF 17.42 20.32 11.82 12.26 13.81 29.90 15.56 46.00 35.16 16.63 15.04 21.9
Cash, $m
Cash, $m Operating cash flow 130 131 139 160 162 58 202 107 95 134 137 +0.3%
Capex (31) (34) (30) (19) (33) 13 (41) (66) (49) (37) (32) +2.2%
Free cash flow 99 97 109 141 129 71 162 41 46 97 137 (0.3%)
Balance, $m
Balance, $m Working capital 229 286 286 270 230 364 509 431 384 353 342 +5.0%
Net debt 333 577 528 440 539 1,195 1,607 1,003 1,011 945 890 +12.3%
Shareholders’ equity 508 547 558 598 650 682 1,179 949 859 499 467 (0.2%)
Returns, %
Returns, % ROA 6.72 2.51 6.24 5.80 5.41 4.38 (0.25) (9.81) (1.91) (15.00) 0.00 (21.7) pt
ROIC 8.17 7.13 7.77 8.07 6.77 (0.54) (0.90) (13.25) 0.21 (16.65) 3.34 (24.8) pt
ROE 16.96 6.46 17.00 14.75 13.26 13.19 (0.81) (29.08) (5.39) (49.72) 0.00 (66.7) pt
People
People Employees 3,000 3,600 3,500 3,400 3,600 120 7,500 5,400 5,100 5,000 — +5.8%
Revenue/emp, $m 0.28 0.27 0.30 0.30 0.30 7.76 0.22 0.38 0.39 0.40 — +4.0%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Mativ Holdings, Inc. vs peers in Specialty Chemicals (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ECVT Ecovyst Inc. $1.1B — (loss-making) 14.5× +41.97% (above 0%: growing) +40.00% (above 0%: growing) −66.55% (below 0%: shrinking) 19.94% 7.75% Compare
ODC Oil-Dri Corporation Of America $920.5M 16.5× 37.5× +3.26% (above 0%: growing) +11.46% (above 0%: growing) −20.76% (below 0%: shrinking) 27.83% 14.11% Compare
KRO Kronos Worldwide Inc $819.5M — (loss-making) — (loss-making) +18.43% (above 0%: growing) n/m +326.44% (above 0%: growing) 23.54% 10.70% Compare
KOP Koppers Holdings Inc. $749.7M — (loss-making) — (loss-making) +3.03% (above 0%: growing) −1,028.92% (below 0%: shrinking) −2.84% (below 0%: shrinking) 20.96% (31.92%) Compare
MATV Mativ Holdings, Inc. $682.2M 7.5× — (loss-making) −2.76% (below 0%: shrinking) n/m −28.57% (below 0%: shrinking) 19.56% 3.98%
LWLG Lightwave Logic Inc. $588.2M — (loss-making) — (loss-making) +28.13% (above 0%: growing) n/m −79.80% (below 0%: shrinking) 100.00% (22,161.89%) Compare
ASPN Aspen Aerogels, Inc. $428.2M — (loss-making) — (loss-making) +16.66% (above 0%: growing) n/m −93.09% (below 0%: shrinking) 24.15% (8.36%) Compare
MNTK Montauk Renewables, Inc. $343.0M 38.8× 16.6× +19.71% (above 0%: growing) n/m +60.35% (above 0%: growing) 100.00% (0.14%) Compare
OEC Orion S.A. $235.7M — (loss-making) — (loss-making) +4.86% (above 0%: growing) n/m +64.87% (above 0%: growing) 19.20% 4.82% Compare
Median of peers $668.9M — 16.6× +17.55% +11.46% −11.80% 23.85% 2.34%

All 61 Specialty Chemicals stocks →

Pay and ownership Proxy statement filed 17 March 2026

Ownership

Directors and executive officers, together 1.75%
BlackRock, Inc.50 Hudson YardsNew York, NY 7.54% of the votes
Allspring Global1415 Vantage Park Drive, 7.53% of the votes
Rubric Capital Management LP155 East 7.29% of the votes
The Vanguard Group, Inc.100 Vanguard BlvdMalvern, PA 6.39% of the votes
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Mativ Holdings, Inc. (MATV) Latest News

5 Nov

Impact 4 ·
Impact 4 · · Business Wire
Impact 3 · · GuruFocus.com
Impact 3 · · The Motley Fool transcript
Impact 3 · · Moby
Impact 3 · · Associated Press Finance

8 Aug

Impact 3 · · MarketBeat transcript

6 Aug

Impact 4 · transcript

5 Aug

Impact 3 ·

11 May

Impact 4 · · MarketBeat

8 May

Impact 4 · · The Motley Fool transcript

7 May

Impact 4 · · Moby

6 May

Impact 3 · · Zacks

31 Mar

Impact 4 · · GuruFocus.com

23 Feb

Impact 4 · · MarketBeat

19 Feb

Impact 4 · · GuruFocus.com
Impact 4 · · The Motley Fool transcript
Impact 4 · · Moby

18 Feb

Impact 4 · · Zacks
Impact 4 · · Business Wire
Impact 3 · · Associated Press Finance

20 Jan

Impact 4 · · ZacksMT NewswiresSimply Wall St.

14 Jan

Impact 4 ·

5 Jan

Impact 3 · · Simply Wall St.

16 Dec

Impact 3 ·

12 Dec

Impact 4 · · ZacksZacksZacksZacksZacksZacksZacksZacks

25 Nov

Impact 3 · · Simply Wall St.Simply Wall St.

24 Nov

Impact 3 · · Business WireInsider MonkeyBarchartSourcing JournalMT NewswiresMT NewswiresMT NewswiresCFO.com

9 Nov

Impact 3 · · Simply Wall St.

8 Nov

Impact 3 · · Simply Wall St.
stockrow.com/MATV · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com