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Mativ Holdings (MATV) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Mativ Holdings (MATV) Q3 2026 earnings results →
Q3 2026 Revenue down 3% year over year to $500M · 0¢ of every $1 of revenue lost · operating margin 4.0%
Mativ Holdings made $500M in Q3 2026 (-3% Y/Y): SAS $281M, FAM $218M. Operating margin 4.0%, net loss $1.2M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $499.5M in Q3 2026, down 3% year over year and down 6% from the previous quarter. SAS was the largest line at 56% of revenue. SAS lost $34.4M year over year (down 11%), 242% of the total change.
Gross margin was 19.6%, up 0.2 points from Q3 2025. Operating profit was $19.9M, a 4.0% margin (up 0.9 points year over year). Operating expenses fell 7% while revenue fell 3%. The quarter ended with a net loss of $1.2M, after a profit of $3.6M the previous quarter. Net interest and other expense of $18.5M was the main reason.
Operating cash flow was $48.5M (down 33% year over year). Non-cash charges added back $33.2M of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items added $14.4M. After capital spending ($11.0M), free cash flow as the company reports it was $37.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $500M | -3% | 4.0% | −$1.2M | $48.5M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $532M | +1% | 6.6% | $3.6M | $67.9M |
| Q1 2026 | 10-Q | May 7, 2026 | $480M | -1% | 1.5% | −$11.7M | $1.0M |
| Q4 2025 | 10-K | Feb 26, 2026 | $463M | +1% | 2.2% | $101M | $19.3M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $514M | +3% | 3.1% | −$3.2M | $72.8M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $525M | +0.3% | 3.8% | −$9.5M | $57.6M |
| Q1 2025 | 10-Q | May 8, 2025 | $485M | -3% | -88.8% | −$426M | −$15.9M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Mativ Holdings
This Annual Report on Form 10-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Actual results, performance or achievements could differ materially from those projected in the forward-looking statements as a result of a number of risks, uncertainties, and other factors. For a discussion of important factors that could cause our results, performance, or achievements to differ materially from any future results, performance, or achievements expressed or implied by our forward-looking statements, refer to Part I, Item 1A “Risk Factors” and Part I, Item 7 “Management’s Discussion and Analysis of Financial Condition and Results of Operations” below.
In its own words, from its 10-K, filed Feb 26, 2026.
Mativ Holdings against its Paper Mills peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -3% against the peers' median -0.4%. Operating margin: 4.0% against the peers' median 2.6%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| MATV Mativ Holdings | Q3 2026 | $500M | -3% | 4.0% |
| IP International Paper | Q3 2026 | $6.2B | -0.4% | -19.7% |
| Domtar | Q3 2026 | $1.7B | +0.3% | 0.5% |
| MAGN Magnera | Q3 FY26 | $857M | +2% | 2.6% |
| SLVM Sylvamo | Q3 2026 | $645M | -3% | 13.5% |
Source: Mativ Holdings 10-Q on SEC EDGAR · CIK 1000623 · Paper Mills
Guidance and outlook
13F: who owns MATV and who is buying
More on MATV
- How Mativ Holdings makes money: revenue by segment
- Mativ Holdings next earnings date and what analysts expect
- Mativ Holdings stock forecast, price target and fair value
- Who owns Mativ Holdings stock: holders, funds and Congress trades
- Mativ Holdings guidance and outlook
- Is Mativ Holdings a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results