Filing Flows

Filing Flows › Companies › Mativ Holdings › Cash flow

Mativ Holdings cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$37.5M in Q3 2026 · $98.5M over twelve months

Operating cash flow$48.5M
Capital spending−$11.0M
Free cash flow+$37.5M
Cash conversion cycle71 days

Analysis

In Q3 2026, Mativ Holdings generated $48.5M of operating cash flow and spent $11.0M on capital projects, leaving free cash flow of $37.5M. That is $29.2M less than in Q3 2025 ($66.7M).

Over the twelve months to Sep 30, 2026, operating cash flow was $137M; the largest uses were net borrowing (+) / repaid (−) ($38.3M), capital spending ($38.2M), other financing ($34.9M); the cash balance fell by $1.4M.

Operating cash flow was $48.5M against net income of −$1.2M. The largest differences: payables +$36.0M, depreciation & amortization +$33.2M, inventory −$27.3M.

Its cash conversion cycle was 71 days (receivables 43 + inventory 77 − payables 48).

Free cash flow

Mativ Holdings: free cash flow by quarterMativ Holdings: free cash flow by quarter$2.0MQ4 2024−$29.8MQ1 2025$48.9MQ2 2025$66.7MQ3 2025$8.0MQ4 2025−$7.4MQ1 2026$60.4MQ2 2026$37.5MQ3 2026
Operating cash flow less capital spending.
Mativ Holdings: operating cash flow against capital spendingMativ Holdings: operating cash flow against capital spendingOperating cash flowCapital spending$24.1M$22.1MQ4 2024−$15.9M$13.9MQ1 2025$57.6M$8.7MQ2 2025$72.8M$6.1MQ3 2025$19.3M$11.3MQ4 2025$1.0M$8.4MQ1 2026$67.9M$7.5MQ2 2026$48.5M$11.0MQ3 2026
Latest (Q3 2026): Operating cash flow $48.5M, Capital spending $11.0M.

Capital allocation, year by year

Mativ Holdings: where the cash came from (up) and went (down), by fiscal yearMativ Holdings: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $58.0MFY2021: Net borrowing $674MFY2021: Asset sales $35.2MFY2021: Capital spending −$19.4MFY2021: Acquisitions −$630MFY2021: Buybacks −$3.4MFY2021: Dividends −$55.3M$767MFY2021FY2022: Operating cash flow $202MFY2022: Net borrowing $434MFY2022: Asset sales $7.5MFY2022: Capital spending −$45.6MFY2022: Acquisitions −$462MFY2022: Buybacks −$6.9MFY2022: Dividends −$72.2M$643MFY2022FY2023: Operating cash flow $107MFY2023: Net borrowing −$595MFY2023: Capital spending −$66.0MFY2023: Buybacks −$10.6MFY2023: Dividends −$55.3M$107MFY2023FY2024: Operating cash flow $94.8MFY2024: Net borrowing −$25.2MFY2024: Asset sales $5.8MFY2024: Capital spending −$55.0MFY2024: Dividends −$21.6M$101MFY2024FY2025: Operating cash flow $134MFY2025: Net borrowing −$83.0MFY2025: Asset sales $2.9MFY2025: Capital spending −$40.0MFY2025: Dividends −$22.3M$137MFY2025
Over these 5 years operating cash flow totalled $595M; the largest uses were acquisitions ($1.1B) and net borrowing ($703M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$97.3M
Debt$1.0B
Net debt$914M
Due within a year$2.9M

Mativ Holdings funds itself: free cash flow was $98.5M over the last twelve months, and $97.3M of cash and investments stands against $1.0B of debt ($2.9M due within a year, 33.6× covered by cash).

Mativ Holdings: debt maturities by year (FY2025)Mativ Holdings: debt maturities by year (FY2025)$2.9MYear 1$514MYear 2$116MYear 3$400MYear 4
Principal due in each year as disclosed in the annual report, against $97.3M of cash and investments now.

Where the cash came from and went

Mativ Holdings: sources (+) and uses (−) of cash, Q3 2026Mativ Holdings: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$48.5MCash drawn (+) / kept (−)−$30.7MCapital spending−$11.0MDividends−$5.5MExchange rates−$600KNet borrowing (+) / repaid (−)−$300KOther investing−$200KTaxes on employees’ shares−$100KOther financing−$100K
Mativ Holdings: sources (+) and uses (−) of cash, TTM to Q3 2026Mativ Holdings: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$137MNet borrowing (+) / repaid (−)−$38.3MCapital spending−$38.2MOther financing−$34.9MDividends−$22.5MOther investing−$2.8MExchange rates−$1.4MCash drawn (+) / kept (−)$1.4M

From profit to cash

Mativ Holdings: net income to operating cash flow, Q3 2026Mativ Holdings: net income to operating cash flow, Q3 2026Net income−$1.2MDepreciation & amortization$33.2MStock-based pay$2.1MDeferred taxes−$800KOther non-cash$3.2MReceivables−$1.5MInventory−$27.3MPayables$36.0MPrepaid and other assets$4.5MIncome taxes payable$2.8MOperating cash flow$48.5M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202643774871
Q2 202635734267
Q1 202636763972
Q4 202538814276
Q3 202537754072
Q2 202536753872
Q1 202534773674
Q4 202437863984

Every quarter

QuarterOperating cash flowCapital spendingDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$48.5M−$11.0M−$5.5M−$300K−$30.7M$37.5M
Q2 2026$67.9M−$7.5M−$5.6M−$39.5M$16.5M$60.4M
Q1 2026$1.0M−$8.4M−$5.9M$14.9M$2.5M−$7.4M
Q4 2025$19.3M−$11.3M−$5.5M−$13.4M$13.1M$8.0M
Q3 2025$72.8M−$6.1M−$5.4M−$64.8M$3.1M$66.7M
Q2 2025$57.6M−$8.7M−$5.9M−$35.9M−$12.2M$48.9M
Q1 2025−$15.9M−$13.9M−$5.5M$31.1M$500K−$29.8M
Q4 2024$24.1M−$22.1M−$5.4M−$54.4M$67.9M$2.0M

Mativ Holdings: income statement and cash flow

Mativ Holdings, Q3 2026: revenue $500M (-3% year over year), operating margin 4.0%. The chart follows the revenue to costs, profit and cash.

Mativ Holdings: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.