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← CockpitCompetitor Analysis › MATV Mativ Holdings, Inc.Open in the cockpit ↗

Mativ Holdings, Inc.MATVCompetitor analysis, valuation and peers

United States · USD·Materials›Industrial Specialties
Momentum strong 67
Mkt cap
$646M
US dollars, full cap
Free float
98%
of shares outstanding
$/day
$5.56M
20-day average traded
Fwd P/E
11.0×
forward earnings
ROIC−WACC
-2.5 pp
WACC 7.0%
Hurdle
-7 pp
Req g minus delivered
Official | Implied
B- / B+
agencies · bond market
Next earnings
110 days
24 Feb 2027
Close · USD$11.70
1D-5.3%
1W+3.2%
1M-1.4%
3M-8.6%
6M+26.9%
YTD-3.7%
1Y+11.1%
ATR %5.2%
Beta0.82
52w lowhigh24.4% off high

What Mativ does

Employees: 5,000

Mativ at a glance

Size Mativ (MATV) is a United States Materials company (Industrial Specialties) with a market value of $646M, the 2543rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $11.70 on 6 Nov 2026.

Performance Over six months the shares gained 26.9%, against -7.8% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd highest of 21 in its peer set.

Growth Revenue grew 1.1% over the last twelve months (peer median +5.1%); the operating margin is 4.0% (peer median 6.6%).

Valuation It trades at 11.0× forward earnings against a peer median of 25.3× (2nd cheapest of 15).

Price implies For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is -7 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 2.5 points below its cost of capital (7.0% WACC).

Credit Mativ has 1 bond outstanding ($400M), rated B- by the agencies and trading like B+ at a weighted spread of 233 bp.

Short interest Short interest is 1.7% of the free float (15 Oct 2026).

Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).

Relative performance

8010012014011 May 202611 Aug 20266 Nov 2026MATV 134Peer median 93
Six months, rebased to 100: Mativ against the median of its 20 peers (local-currency closes).

Mativ financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$1.99B$1.99B$1.98B$2.03B$1.63B
Revenue growth—0%-2%+24%—
Gross profit$321M$300M$301M$295M$303M
EBITDA$220M$188M$188M$158M$86.5M
Net income$88.7M-$338M-$48.9M-$480M-$7.50M
Free cash flow$128M$93.8M$39.2M$40.2M$154M
Capital expenditure$33.3M$40.0M$55.6M$66.4M$48.2M
Total debt$1.03B$1.08B$1.15B$1.17B$1.74B

Quarterly statements and history in the cockpit →

Mativ competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%+40%-20%0%RAIN49564044600819600293300737FCL6031106036BORORENEW688199300221SGL603375SFL7917603683300731300243MATV6-month return →1-month return →
Up and to the right = strong over both horizons. Mativ is the large dot.

Fundamentals: revenue growth against valuation

0%+25%+50%+75%+100%50×100×RAIN49564044600819300737FCL688199SGLSFL300731300243MATVRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Mativ is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%+40%0%25%50%495640443007376036BORORENEW300221SGL603375SFL603683300243MATVGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Mativ is the large dot.

Mativ competitors and peer comparison

How Mativ compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Mativ against its 20 peers (data as of 6 Nov 2026)
MeasureMATVPeer medianRank in peer set
1-month return-1.4%-8.5%8th highest of 21
6-month return+26.9%-7.8%3rd highest of 21
Distance from 52-week high-24.4%-29.6%7th highest of 21
Revenue growth (TTM)+1.1%+5.1%9th lowest of 21
Operating margin4.0%6.6%9th lowest of 21
Forward P/E11.0×25.3×2nd cheapest of 15
Growth the price implies (Req g, 7 yrs)6.2%12.7%6th least demanding of 12
Growth delivered (Del g)+13.0%+8.6%5th highest of 12
Hurdle (Req g minus delivered)-6.8 pp+3.9 pp5th least demanding of 12
ROIC minus cost of capital-2.5 pp-3.9 pp9th highest of 21
EV / EBITDA7.2×13.0×6th cheapest of 15
Net debt / EBITDA4.4×1.0×most indebted of 15
Bond spread233 bpn/a—

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Mativ MATVUnited States$646M+27%+1%4%11.0×6.2%+13.0%
Rain Industries RAIN.NSIndia$645M+35%+17%10%12.4×n/an/a
Konishi 4956.TJapan$643M+9%+7%9%12.3×-10.1%+4.9%
Central Glass 4044.TJapan$648M0%+4%8%10.6×-6.5%-5.4%
Shanghai Yaohua Pilkington Glass 600819.SSChina$643M-24%0%2%30.7×n/an/a
Hubei Sanxia New Building Materials 600293.SSChina$640M+15%-34%-21%n/an/an/a
Keshun Waterproof Technologies 300737.SZChina$656M-41%-12%-8%34.2×-15.7%-0.6%
Fineotex Chemical FCL.NSIndia$635M+86%+91%15%34.4×n/an/a
New East New Materials 603110.SSChina$633M-5%-5%2%n/an/an/a
KeePer Technical Laboratory 6036.TJapan$631M+24%+12%27%15.6×-2.6%+17.1%
Borosil Renewables BORORENEW.NSIndia$628M-29%+11%26%n/a12.7%+25.4%
Tianjin Jiuri New Materials 688199.SSChina$628M-3%+15%3%64.5×n/an/a
Guangdong Silver Age Sci & Tech 300221.SZChina$667M-16%+7%7%26.3×27.7%+6.0%
SGL Carbon SGL.DEGermany$668M+2%-16%8%18.9×2.3%-1.6%
Wuxi Holyview Microelectronics 603375.SSChina$618M-10%-17%-9%n/a53.9%+17.3%
Pizu 9893.HKHong Kong$677M-8%-8%22%n/an/an/a
Sheela Foam SFL.NSIndia$614M-7%+20%6%24.3×23.3%+9.4%
ZACROS 7917.TJapan$596M-11%+6%7%12.5×n/an/a
Shanghai Smith Adhesive New Material 603683.SSChina$706M-43%+19%4%n/a33.2%+16.0%
Shenzhen Cotran Industrial Material 300731.SZChina$707M-47%-1%-1%127.7×n/an/a
Shandong Ruifeng Chemical 300243.SZChina$715M-19%+2%5%31.6×35.4%+8.6%

Mativ bonds and credit

Mativ has 1 bond outstanding with $400M face value. The agencies rate it B-; its bonds trade like B+. Weighted yield 6.91%, a spread of 233 bp over government bonds.

Every bond, yield and spread in the cockpit →

Questions

Which companies are Mativ's closest peers?
The cockpit's peer set: Rain Industries (RAIN.NS), Konishi (4956.T), Central Glass (4044.T), Shanghai Yaohua Pilkington Glass (600819.SS), Hubei Sanxia New Building Materials (600293.SS), Keshun Waterproof Technologies (300737.SZ), Fineotex Chemical (FCL.NS), New East New Materials (603110.SS).
Is Mativ expensive compared with its peers?
On forward p/e it trades at 11.0× against a peer median of 25.3×, 2nd cheapest of 15 in its peer set. For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is -7 pp: the price already allows for a slowdown.
How has Mativ stock performed?
Over six months to 6 Nov 2026 the shares returned +26.9% against -7.8% for the median peer; over one year +11.1%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.