MATV Mativ Holdings, Inc.

Overview and Growth

Fiscal 2025 results for Mativ Holdings, Inc. combined $1.99B of revenue with net loss of $337.40M and an operating cash inflow of $133.80M. The $1.99B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Compared with $1.98B in fiscal 2024, revenue recorded a 0.3% year-over-year increase. Diluted earnings per share were -$6.19, translating the period’s attributable earnings into the amount reported for each diluted share. Total assets stood at $2.05B, showing the scale of resources supporting revenue, earnings, liquidity, and financing. Revenue equaled 0.97x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

Gross profit was $362.90M, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross profit represented 18.3% of revenue, showing how much of the top line remained after direct costs. The company recorded an operating loss of $384.40M after the reported operating expense base. An operating margin of -19.3% reflected costs exceeding revenue-level gross profit by 19.3% of sales. The bottom-line result was a net loss of $337.40M after operating, financing, tax, and other recognized items. Net margin was -17.0%, reflecting a loss equal to 17.0% of reported revenue. Before income taxes, the company recorded a loss of $463.00M, bridging the operating result to the final net loss. Measured against revenue, the pretax deficit represented 23.3%. The company recognized an income-tax benefit of $125.60M, increasing after-tax earnings relative to the pretax result. The loss-to-equity relationship was 67.7%, placing the bottom-line deficit against shareholder capital. Relative to total assets, the net loss represented 16.4%.

Liquidity and Capital Structure

The company held $2.05B of assets against $1.55B of liabilities and $498.70M of equity, revealing how the asset base was financed. Current assets were $638.60M against $285.30M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. The current ratio was 2.24x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Reported cash and equivalents were $84.20M, separating immediately recognizable cash resources from the rest of the current-asset base. Measured only with cash and equivalents, coverage of current liabilities was 29.5%, excluding receivables and other current assets. The company carried $1.02B of total debt at period end, which frames its leverage and debt-service burden. The debt-to-equity relationship was 2.04x, showing how much debt the company carried for each unit of book equity. Debt represented 49.6% of total assets, placing borrowing in the context of the company’s full resource base. Liabilities represented 75.7% of total assets, quantifying the liability-funded share of the company’s resource base. The cash-to-assets relationship was 4.1%, comparing reported cash and equivalents with the full positive asset balance. Total assets were 16.2% lower than fiscal 2024 assets of $2.45B, measuring the company’s own balance-sheet change. Reported equity changed 41.9% from $858.50M in fiscal 2024, placing the current capital base lower year over year.

Cash Flow and Earnings Quality

Cash flow from operations was $133.80M, a reported cash inflow that can be compared directly with net income and capital spending. The cash-flow statement records $40.00M of capital expenditures, the investment amount considered after operating cash generation. Capital expenditures represented 29.9% of operating cash flow, leaving the remainder available as free cash flow. After capital spending, free cash flow was $93.80M, leaving cash available for debt reduction, shareholder returns, or further investment. The free-cash-flow margin was 4.7%, measuring cash remaining after capital spending against revenue. Measured against total assets, free cash flow represented 4.6%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.