Mativ Holdings, Inc. (MATV) Income Statement
MATV 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMATV revenue and net income
Where MATV's revenue goes
2025Each bar shows an amount and its share of revenue. MATV kept −17.0% of revenue as net income.
MATV profit margins
MATV growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +0.3% | +6.7% | +13.1% | +10.0% |
| Gross profit | −17.7% | −0.7% | −0.6% | +2.9% |
| Operating income | +652.4% | — | −18.1% | −7.5% |
| Net income | — | — | — | — |
| EPS (diluted) | +17.7% | −34.1% | −25.1% | −14.5% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MATV quarterly EPS vs estimates
Mativ beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 4, 2026 (estimate $0.25).
MATV income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.99B | $1.98B | $2.03B | $1.64B | $930.7M | $1.07B | $1.02B | $1.04B | $982.1M | $839.9M |
| Cost of revenue | $1.69B | $1.62B | $1.67B | $1.33B | $747.5M | $766.1M | $732.8M | $762.8M | $699.8M | $583.2M |
| Gross profit | $299.7M | $364.1M | $355.8M | $306.0M | $183.2M | $308.3M | $290.0M | $278.5M | $282.3M | $256.7M |
| Research & development | $23.6M | $23.0M | $21.2M | $18.8M | $11.8M | $13.8M | $13.5M | $15.2M | $17.8M | $17.5M |
| Sales, general & admin | $228.7M | $233.8M | $342.8M | $329.1M | $185.7M | $153.8M | $138.8M | $126.6M | $129.2M | $107.5M |
| Total operating expenses | $252.3M | $357.8M | $769.7M | $346.2M | $199.4M | $179.5M | $156.0M | $143.5M | $155.1M | $147.9M |
| Operating income | $47.4M | $6.3M | −$413.9M | −$40.2M | −$16.2M | $128.8M | $134.0M | $135.0M | $128.3M | $110.0M |
| Interest income | — | — | — | — | $48.3M | $30.4M | $35.0M | $30.7M | $24.2M | $15.6M |
| Interest expense | $71.1M | $74.7M | $62.2M | $57.3M | $40.4M | $30.5M | $36.1M | $28.2M | $26.9M | $16.6M |
| Income before taxes | −$463.0M | −$78.9M | −$480.9M | −$96.5M | −$26.5M | $102.2M | $101.0M | $116.8M | $101.5M | $93.4M |
| Income taxes | −$125.6M | −$30.2M | $26.8M | −$27.6M | −$28.2M | $18.4M | $15.2M | $10.7M | $69.6M | $15.4M |
| Net income | −$337.4M | −$48.7M | −$309.5M | −$6.6M | $88.9M | $83.8M | $85.8M | $94.5M | $34.5M | $82.8M |
| EBITDA | −$250.9M | $139.6M | −$270.9M | $70.7M | $106.6M | $197.9M | $190.7M | $206.6M | $187.1M | $154.5M |
| EPS (diluted) | $0.73 | $0.62 | $1.20 | $2.55 | $2.82 | $3.09 | $3.43 | $3.21 | $2.95 | $3.12 |
| Gross margin | 15.1% | 18.4% | 17.6% | 18.7% | 19.7% | 28.7% | 28.4% | 26.7% | 28.7% | 30.6% |
| Operating margin | 2.4% | 0.3% | −20.4% | −2.5% | −1.7% | 12.0% | 13.1% | 13.0% | 13.1% | 13.1% |
| Net margin | −17.0% | −2.5% | −15.3% | −0.4% | 9.6% | 7.8% | 8.4% | 9.1% | 3.5% | 9.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $531.8M | $479.6M | $463.1M | $513.7M | $525.4M | $484.8M | $458.6M | $498.5M | $523.8M | $500.2M | $452.3M | $498.2M |
| Cost of revenue | $418.5M | $410.7M | $391.8M | $414.3M | $421.7M | $412.2M | $381.0M | $404.9M | $414.9M | $416.2M | $366.4M | $411.5M |
| Gross profit | $113.3M | $68.9M | $71.3M | $99.4M | $103.7M | $72.6M | $77.6M | $93.6M | $108.9M | $84.0M | $85.9M | $86.7M |
| Research & development | $4.9M | $5.5M | $5.0M | $5.6M | $6.7M | $6.3M | $5.5M | $5.7M | $5.8M | $6.0M | $4.6M | $5.4M |
| Sales, general & admin | $56.6M | $54.8M | $54.5M | $53.7M | $57.2M | $63.3M | $60.5M | $69.7M | $80.8M | $77.4M | $78.5M | $83.9M |
| Total operating expenses | $78.0M | $60.3M | $59.5M | $83.4M | $83.6M | $503.2M | $75.0M | $86.6M | $86.6M | $83.4M | $88.1M | $506.6M |
| Operating income | $35.3M | $8.6M | $11.8M | $16.0M | $20.1M | −$430.6M | $2.6M | $7.0M | $22.3M | $600,000 | −$2.2M | −$419.9M |
| Interest expense | $19.3M | $17.5M | $17.0M | $17.7M | $15.3M | $17.8M | $19.7M | $18.3M | $18.4M | $18.3M | $13.4M | $16.8M |
| Income before taxes | $6.8M | −$8.7M | −$10.2M | −$5.6M | $3.0M | −$450.2M | −$15.5M | −$24.0M | −$9.0M | −$30.4M | −$16.8M | −$437.0M |
| Income taxes | $3.2M | $3.0M | −$111.0M | −$2.4M | $12.5M | −$24.7M | −$17.0M | −$3.2M | −$7.6M | −$2.4M | −$3.2M | $27.3M |
| Net income | $3.6M | −$11.7M | $100.8M | −$3.2M | −$9.5M | −$425.5M | $1.5M | −$20.8M | −$1.4M | −$28.0M | $157.7M | −$455.0M |
| EBITDA | $60.8M | $43.6M | $41.5M | $46.9M | $59.7M | $22.5M | $39.6M | $30.0M | $53.8M | $32.5M | $32.0M | −$383.0M |
| EPS (diluted) | $0.50 | $0.06 | $0.15 | $0.39 | $0.33 | −$0.14 | $0.05 | $0.21 | $0.34 | $0.02 | $0.23 | $0.21 |
| Gross margin | 21.3% | 14.4% | 15.4% | 19.3% | 19.7% | 15.0% | 16.9% | 18.8% | 20.8% | 16.8% | 19.0% | 17.4% |
| Operating margin | 6.6% | 1.8% | 2.5% | 3.1% | 3.8% | −88.8% | 0.6% | 1.4% | 4.3% | 0.1% | −0.5% | −84.3% |
| Net margin | 0.7% | −2.4% | 21.8% | −0.6% | −1.8% | −87.8% | 0.3% | −4.2% | −0.3% | −5.6% | 34.9% | −91.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MATV's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MATV financial results
In fiscal year 2025 (ended December 31, 2025), Mativ reported revenue of $2.0 billion, up 0.3% from the year before. It had a net loss of $337.4 million, a net profit margin of −17.0%. Diluted earnings per share came to $0.73. Over five years revenue grew at an average rate of 13.1% a year.
See the MATV stock overview for the latest quote and news, or the MATV chart for price history and technical indicators.
MATV income statement FAQ
What is Mativ's annual revenue?
Mativ reported total revenue of $2.0 billion for fiscal year 2025, which ended on December 31, 2025. That was up 0.3% from $2.0 billion the previous year.
Is Mativ profitable?
No. Mativ reported a net loss of $337.4 million in fiscal 2025, a net profit margin of −17.0%; its operating margin was 2.4%.
What is Mativ's gross margin?
Mativ's gross margin was 15.1% in fiscal 2025: for every $100 of revenue, Mativ kept $15 after the direct cost of its products and services.
How much does Mativ spend on research and development?
Mativ spent $23.6 million on research and development in fiscal 2025, 1.2% of revenue.
How fast is Mativ growing?
Revenue grew 13.1% a year on average over the last five fiscal years, from $1.1 billion to $2.0 billion.
What are Mativ's earnings per share?
Mativ earned $0.73 per diluted share in fiscal 2025, compared with $0.62 a year earlier.
When will Mativ report its next earnings?
Mativ is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Mativ's fiscal year end?
Mativ's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.