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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% | - |
| 2024 | $2.0B | $140M | $-49M | $40M | -5.7% | -2.2% | - |
| 2023 | $2.0B | $-271M | $-310M | $41M | -32.6% | 23.8% | - |
| 2022 | $1.6B | $71M | $-7M | $154M | -0.6% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total 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 |
| Operating Income | -21.10 | 9.70 | 44.40 | 47.40 |
| EBITDA | 70.70 | -270.90 | 139.60 | -250.90 |
| EBIT | -39.20 | -418.70 | -4.20 | -391.90 |
| Pretax Income | -96.50 | -480.90 | -78.90 | -463 |
| Tax Provision | -27.60 | 26.80 | -30.20 | -125.60 |
| Net Income | -6.60 | -309.50 | -48.70 | -337.40 |
| Net Income Common Stockholders | -7.50 | -310.20 | -48.90 | -338.10 |
| Total Expenses | 1,658 | 2,016.30 | 1,936.70 | 1,939.60 |
| Interest Expense | 57.30 | 62.20 | 74.70 | 71.10 |
| Research And Development | 18.80 | 21.20 | 23 | 23.60 |
| Selling General And Administration | 254.90 | 263.90 | 233.80 | 228.70 |
| Normalized EBITDA | 89.80 | 152.70 | 185 | 180.90 |
| Normalized Income | -55.26 | -173.06 | -20.69 | -22.62 |
| Basic EPS | -0.18 | -5.69 | -0.90 | -6.19 |
| Diluted EPS | -0.18 | -5.69 | -0.90 | -6.19 |
| Tax Effect Of Unusual Items | -5.46 | -88.96 | -17.39 | -117.02 |
| Tax Rate For Calcs | 0.29 | 0.21 | 0.38 | 0.27 |
| 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 From Continuing Operation Net Minority Interest | -68.90 | -507.70 | -48.70 | -337.40 |
| 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 |
| Net Interest Income | -57.30 | -62.20 | -74.70 | -71.10 |
| Net Income From Continuing And Discontinued Operation | -6.60 | -309.50 | -48.70 | -337.40 |
| Total Operating Income As Reported | -40.20 | -413.90 | 6.30 | -384.40 |
| Diluted Average Shares | 42.44 | 54.51 | 54.31 | 54.61 |
| Basic Average Shares | 42.44 | 54.51 | 54.31 | 54.61 |
| Diluted NI Availto Com Stockholders | -7.50 | -310.20 | -48.90 | -338.10 |
| Otherunder Preferred Stock Dividend | 0.90 | 0.70 | 0.20 | 0.70 |
| Net Income Including Noncontrolling Interests | -6.60 | -309.50 | -48.70 | -337.40 |
| Net Income Discontinuous Operations | 62.30 | 198.20 | 0 | 0 |
| Net Income Continuous Operations | -68.90 | -507.70 | -48.70 | -337.40 |
| Earnings From Equity Interest Net Of Tax | 5.20 | 0 | 0 | 0 |
| Other Income Expense | -18.10 | -428.40 | -48.60 | -439.30 |
| Other Non Operating Income Expenses | 1 | -4.80 | -3.20 | -7.50 |
| Special Income Charges | -19.10 | -423.60 | -45.40 | -431.80 |
| Other Special Charges | 0 | 0 | 7.30 | 0 |
| Impairment Of Capital Assets | 0 | 401 | 0 | 411.90 |
| Restructuring And Mergern Acquisition | 19.10 | 22.60 | 38.10 | 19.90 |
| Net Non Operating Interest Income Expense | -57.30 | -62.20 | -74.70 | -71.10 |
| Interest Expense Non Operating | 57.30 | 62.20 | 74.70 | 71.10 |
| 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 |
| Amortization | 53.40 | 61 | 62.90 | 63.20 |
| Amortization Of Intangibles Income Statement | 53.40 | 61 | 62.90 | 63.20 |
| Selling And Marketing Expense | 74.20 | 78.90 | 0 | 0 |
| General And Administrative Expense | 254.90 | 246 | 233.80 | 0 |
| Other Gand A | 254.90 | 246 | 233.80 | 0 |
| Operating Revenue | 1,636.90 | 2,026 | 1,981.10 | 1,987 |
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 | - | - | - | -67.7% | - |
| Clearwater Paper Corporation | CLW | $208M | - | 0.25 | -2.3% | 5.43 |
| Montauk Renewables, Inc. | MNTK | $206M | 144.00 | 0.79 | 0.7% | 8.84 |
| FutureFuel Corp. | FF | $198M | - | 1.28 | -31.9% | -3.38 |
| Smith-Midland Corporation | SMID | $176M | 14.05 |
| 3.24 |
| 23.0% |
| 8.48 |
| Friedman Industries, Incorporated | FRD | $142M | 8.96 | 1.00 | 4.6% | 10.15 |
| Ascent Industries Co. | ACNT | $134M | - | 1.57 | 1.0% | -33.80 |
| American Vanguard Corporation | AVD | $81M | - | 0.43 | -25.9% | 11.42 |
| Trinseo PLC | TSEOF | $4M | - | -0.00 | 49.7% | 13.80 |
| Peer Median | - | 14.05 | 0.89 | 0.8% | 8.66 | |