# Mativ Holdings, Inc. (MATV)

> Source: Nexqual · https://nexqual.com/MATV · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Mativ Holdings, Inc. (MATV), nexqual.com/MATV" · informational, not investment advice.

**Price:** USD 12.25 (+4.34% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 11.74 · day 11.66–12.37 · 52w 7.07–15.48 · market cap $676M · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $1.99B, net income $89.5M (4.5% margin), free cash flow $128M (SEC filings).
- Valuation: P/E 7.6x, EV/EBITDA 8.4x, net debt $944M.
- 1 of 80 tracked superinvestors hold MATV (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Analysts: Strong Buy (1 analysts), mean target USD 21 (range 21–21).
- Total return with dividends: 1Y +10.6% vs S&P 500 +14.9%; 5Y -56.9% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD 0.25, revenue estimate $510M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $931M | $1.64B | $2.03B | $1.98B | $1.99B | $1.99B |
| Gross profit | $183M | $306M | $356M | $364M | $363M | — |
| Operating income | -$16.2M | -$40.2M | -$414M | $6.3M | -$384M | $68.7M |
| Net income | $88.9M | -$6.6M | -$310M | -$48.7M | -$337M | $89.5M |
| EPS (diluted) | $2.80 | -$0.18 | -$5.69 | -$0.90 | -$6.19 | — |
| Free cash flow | $38.6M | $157M | $40.6M | $39.8M | $93.8M | $128M |
| Gross margin | 19.7% | 18.7% | 17.6% | 18.4% | 18.3% | — |
| Operating margin | -1.7% | -2.5% | -20.4% | 0.3% | -19.3% | 3.5% |
| Net margin | 9.6% | -0.4% | -15.3% | -2.5% | -17.0% | 4.5% |
| Revenue growth | -13.4% | +75.9% | +23.8% | -2.2% | +0.3% | — |
| Cash + short-term investments | $71.2M | $101M | $120M | $94.3M | $84.2M | — |
| Total debt | $1.29B | $1.72B | $1.13B | $1.11B | $1.03B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 7.6x · P/S 0.3x · EV/EBITDA 8.4x · EV/Sales 0.8x · P/FCF 5.3x · P/B 1.4x · FCF yield 18.89% · Earnings yield 13.24% · Dividend yield (paid, TTM) 3.31% · Net debt $944M · EV $1.62B

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold MATV. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | <0.01% | $2.4M | Reduced -71.2% |

## Analysts
Consensus Strong Buy, 1 analysts; mean target USD 21 (low 21, high 21).

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +10.6% | -56.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +10.6% | -15.4% |
| Volatility (annualized) | 54.3% | 58.7% |
| Max drawdown | -51.0% (Feb 2026→Jul 2026) | -84.8% (Oct 2021→Apr 2025) |

## Peers (Specialty Chemicals)
BCPC (Balchem Corporation) USD 173.23 +1.43% · SXT (Sensient Technologies Corporati) USD 130.94 -0.95% · EMN (Eastman Chemical Company) USD 65.31 +2.85% · AXTA (Axalta Coating Systems Ltd.) USD 35.05 +0.20% · NEU (NewMarket Corp) USD 876.33 -0.98% · ESI (Element Solutions Inc.) USD 33.11 -8.89%

## More
Full page: https://nexqual.com/MATV · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in MATV's own 10-K filed 2026-02-26 (https://www.sec.gov/Archives/edgar/data/1000623/000100062326000016/matv-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Competitor | 3M (MMM) | "Our FAM products are typically leaders in their respective categories and compete against specialty products made by competitors such as Shaoxing Naite Plastics Co. Ltd., 3M Company, Covestro AG, ORAFOL Europe GmbH, Holl…" |

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| SAS | $330.1M | 62.1% | +2.8% |
| FAM | $201.7M | 37.9% | -1.3% |
| Total revenue | $531.8M | 100% | — |

## Revenue by region (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $314.8M | 59.2% | +6.8% |
| Europe | $128.4M | 24.1% | -7.9% |
| Asia-Pacific | $51.8M | 9.7% | +6.1% |
| Americas (excluding U.S.) | $24.6M | 4.6% | -8.6% |
| Other Foreign Countries | $12.2M | 2.3% | -21.8% |
| Total revenue | $531.8M | 100% | — |

## Company outlook (8-K filed 2026-08-05)

- "The Company's debt is expected to mature on a staggered basis through 2033."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.25 | $0.34 | -26.5% | $510.0M | 1 |
| Next quarter (ends 2026-12-31) | $0.16 | $0.17 | -5.9% | $500.3M | 1 |
| Current fiscal year (ends 2026-12-31) | $0.97 | $0.85 | +14.1% | $2.02B | 1 |
| Next fiscal year (ends 2027-12-31) | $1.25 | $1.25 | +0.0% | $2.09B | 1 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-04): ±11.8%; last 8 reports averaged ±16.3%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 51.8% | ±11.8% |
| 2026-12-18 | 56 | 45.5% | ±14.7% |
| 2027-03-19 | 147 | 47.0% | ±23.9% |