Mativ Holdings, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $2.0B | $2.0B | $2.0B | $1.6B | $930.7M |
| Cost of revenue | $1.6B | $1.6B | $1.7B | $1.3B | $747.5M |
| Gross profit | $362.9M | $364.1M | $355.8M | $306.0M | $183.2M |
| Selling, general & administrative | $228.7M | $233.8M | $263.9M | $254.9M | — |
| Research and development | $23.6M | $23.0M | $21.2M | $18.8M | $11.8M |
| Operating income | -$384.4M | $6.3M | -$413.9M | -$40.2M | -$16.2M |
| Interest expense | $71.1M | $74.7M | $62.2M | $57.3M | $40.4M |
| Pretax income | -$463.0M | -$78.9M | -$480.9M | -$24.4M | $73.1M |
| Income tax expense | -$125.6M | -$30.2M | $26.8M | -$27.6M | -$28.2M |
| Net income | -$337.4M | -$48.7M | -$309.5M | -$6.6M | $88.9M |
| Balance Sheet | |||||
| Cash and equivalents | $84.2M | $94.3M | $120.2M | $101.1M | $71.2M |
| Current assets | $638.6M | $658.1M | $712.5M | $974.7M | $594.6M |
| Total assets | $2.1B | $2.4B | $2.6B | $3.7B | $2.4B |
| Current liabilities | $285.3M | $274.5M | $281.4M | $466.2M | $231.1M |
| Total liabilities | $1.6B | $1.6B | $1.7B | $2.5B | $1.7B |
| Total debt | — | — | — | — | $1.3B |
| Stockholders' equity | $498.7M | $858.5M | $949.1M | $1.2B | $682.2M |
| Cash Flow Statement | |||||
| Cash from operations | $133.8M | $94.8M | $106.6M | $202.2M | $58.0M |
| Depreciation and amortization | $141.0M | $143.8M | $147.8M | $109.9M | $67.1M |
| Stock-based compensation | $11.1M | $11.4M | $10.5M | $20.4M | $8.5M |
| Capital expenditure | $40.0M | $55.0M | $66.0M | $45.6M | $19.4M |
| Free cash flow | $93.8M | $39.8M | $40.6M | $156.6M | $38.6M |
| Dividends paid | $22.3M | $21.6M | $55.3M | $72.2M | $55.3M |
| Share repurchases | — | $800,000 | $10.6M | $6.9M | $3.4M |
| Impairments | $411.9M | $0 | $401.0M | $13.8M | $1.6M |
Shares outstanding 55.1M · Free float 98.3%
Annual filing data through FY ended December 31, 2025; float as of July 11, 2026.