Mativ Holdings, Inc., together with its subsidiaries, manufactures and sells specialty materials in the United States, Europe, the Asia Pacific, the Americas, and internationally. The company operates through two segments, Filtration & Advanced Materials and Sustainable & Adhesive Solutions. The Filtration & Advanced Materials manufactures and sells various engineered polymer, resin and fiber-based substrates, nets, films, adhesive tapes, and other nonwovens for transportation, water and air filtration, construction, healthcare, advertising and marketing, and consumer goods, as well as filtration media and components, advanced films, coating and converting solutions, and extruded mesh products. The Sustainable & Adhesive Solutions segment offers tapes, labels, and liners that includes substrates for tapes used in building and construction, infrastructure, DIY, athletic, and industrial applications; and substrates critical to protection and adhesive separation applications in the personal care, label, tape, industrial, graphic arts, composites, and medical categories, as well as performance labels and cable wrapping. This segment also provides paper and packaging products comprising premium printing and other specialty papers and packaging applications used for print collateral, advertising, direct mail, sustainable alternatives, product packaging, graphics, wallpaper, and education, as well as consumer office, stationery and craft papers to retailers, small business, personal use, and educational applications; and healthcare and other products, including wound care, consumer wellness, device fixation, medical packaging, as well as various other solutions and applications. The company was formerly known as Schweitzer-Mauduit International, Inc. and changed its name to Mativ Holdings, Inc. in July 2022. Mativ Holdings, Inc. was incorporated in 1995 and is headquartered in Alpharetta, Georgia.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2.0B | $-251M | $-337M | $94M | -67.7% | 0.3% | 592.8% |
| 2024 | $2.0B | $140M | $-49M | $40M | -5.7% | -2.2% | -84.3% |
| 2023 | $2.0B | $-271M | $-310M | $41M | -32.6% | 23.8% | 4589.4% |
| 2022 | $1.6B | $71M | $-7M | $154M | -0.6% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,636.90 | 2,026 | 1,981.10 | 1,987 |
| Operating Revenue | - | 1,636.90 | 2,026 | 1,981.10 | 1,987 |
| Cost Of Revenue | - | 1,330.90 | 1,670.20 | 1,617 | 1,624.10 |
| Gross Profit | - | 306 | 355.80 | 364.10 | 362.90 |
| Operating Expense | - | 327.10 | 346.10 | 319.70 | 315.50 |
| Research And Development | - | 18.80 | 21.20 | 23 | 23.60 |
| Selling General And Administration | - | 254.90 | 263.90 | 233.80 | 228.70 |
| Total Expenses | - | 1,658 | 2,016.30 | 1,936.70 | 1,939.60 |
| Operating Income | - | -21.10 | 9.70 | 44.40 | 47.40 |
| Total Operating Income As Reported | - | -40.20 | -413.90 | 6.30 | -384.40 |
| EBITDA | - | 70.70 | -270.90 | 139.60 | -250.90 |
| Normalized EBITDA | - | 89.80 | 152.70 | 185 | 180.90 |
| EBIT | - | -39.20 | -418.70 | -4.20 | -391.90 |
| Interest Expense | - | 57.30 | 62.20 | 74.70 | 71.10 |
| Net Interest Income | - | -57.30 | -62.20 | -74.70 | -71.10 |
| Other Non Operating Income Expenses | - | 1 | -4.80 | -3.20 | -7.50 |
| Other Income Expense | - | -18.10 | -428.40 | -48.60 | -439.30 |
| Interest Expense Non Operating | - | 57.30 | 62.20 | 74.70 | 71.10 |
| Net Non Operating Interest Income Expense | - | -57.30 | -62.20 | -74.70 | -71.10 |
| Pretax Income | - | -96.50 | -480.90 | -78.90 | -463 |
| Tax Provision | - | -27.60 | 26.80 | -30.20 | -125.60 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -5.46 | -88.96 | -17.39 | -117.02 |
| Net Income Continuous Operations | - | -68.90 | -507.70 | -48.70 | -337.40 |
| Net Income From Continuing And Discontinued Operation | - | -6.60 | -309.50 | -48.70 | -337.40 |
| Net Income From Continuing Operation Net Minority Interest | - | -68.90 | -507.70 | -48.70 | -337.40 |
| Net Income | - | -6.60 | -309.50 | -48.70 | -337.40 |
| Net Income Common Stockholders | - | -7.50 | -310.20 | -48.90 | -338.10 |
| Net Income Including Noncontrolling Interests | - | -6.60 | -309.50 | -48.70 | -337.40 |
| Normalized Income | - | -55.26 | -173.06 | -20.69 | -22.62 |
| Diluted NI Availto Com Stockholders | - | -7.50 | -310.20 | -48.90 | -338.10 |
| Basic Average Shares | - | 42.44 | 54.51 | 54.31 | 54.61 |
| Diluted Average Shares | - | 42.44 | 54.51 | 54.31 | 54.61 |
| Reconciled Depreciation | - | 109.90 | 147.80 | 143.80 | 141 |
| Reconciled Cost Of Revenue | - | 1,274.40 | 1,583.40 | 1,536.10 | 1,546.30 |
| Total Unusual Items | - | -19.10 | -423.60 | -45.40 | -431.80 |
| Total Unusual Items Excluding Goodwill | - | -19.10 | -423.60 | -45.40 | -431.80 |
| Net Income Discontinuous Operations | - | 62.30 | 198.20 | 0 | 0 |
| Earnings From Equity Interest Net Of Tax | 6.40 | 5.20 | - | - | - |
| Special Income Charges | - | -19.10 | -423.60 | -45.40 | -431.80 |
| Other Special Charges | - | - | - | 7.30 | - |
| Impairment Of Capital Assets | - | 0 | 401 | 0 | 411.90 |
| Restructuring And Mergern Acquisition | - | 19.10 | 22.60 | 38.10 | 19.90 |
| Depreciation Amortization Depletion Income Statement | - | 53.40 | 61 | 62.90 | 63.20 |
| Depreciation And Amortization In Income Statement | - | 53.40 | 61 | 62.90 | 63.20 |
| General And Administrative Expense | 153.20 | 254.90 | 246 | 233.80 | - |
| Other Gand A | 153.20 | 254.90 | 246 | 233.80 | - |
| Selling And Marketing Expense | 32.50 | 74.20 | 78.90 | - | - |
| Otherunder Preferred Stock Dividend | - | 0.90 | 0.70 | 0.20 | 0.70 |
| Amortization | - | 53.40 | 61 | 62.90 | 63.20 |
| Amortization Of Intangibles Income Statement | - | 53.40 | 61 | 62.90 | 63.20 |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Mativ Holdings, Inc.this co. | MATV | $423M | -1.25 | 0.85 | -67.7% | -5.67 |
| Contango Silver & Gold Inc. | CTGO | $576M | -15.95 | 22.94 | -143.8% | -19.42 |
| Intrepid Potash, Inc. | IPI | $499M | 44.65 | 1.02 | 2.3% | 8.06 |
| Lifezone Metals Limited | LZM | $464M | -34.07 | 6.29 | -18.5% | -200.38 |
| Gevo, Inc. | GEVO | $431M | -12.73 |
| - |
| - |
| - |
| - |
| - |
| 0.92 |
| -7.3% |
| 42.14 |
| Caledonia Mining Corporation Plc | CMCL | $411M | 7.45 | 1.59 | 21.3% | 3.24 |
| Valhi, Inc. | VHI | $410M | -7.12 | 0.40 | -5.6% | 10.03 |
| Orion S.A. | OEC | $405M | -5.78 | 1.05 | -18.2% | 9.14 |
| Vox Royalty Corp. | VOXR | $395M | 67.19 | 3.69 | 5.5% | 27.50 |
| Peer Median | - | -6.45 | 1.32 | -6.4% | 8.60 | |