Filing Flows › Mativ Holdings (MATV) › Q2 2025
Mativ Holdings (MATV) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Mativ Holdings (MATV) reported revenue of $525M for the second quarter 2025 (Q2 2025), +0.3% from a year earlier and +8% from the quarter before. Operating margin was 3.8%, net loss $9.5M (1.8% of revenue).
Mativ Holdings, Q2 2025: revenue $525M (+0.3% year over year), operating margin 3.8%, net loss $9.5M, operating cash flow $57.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $525M | +8% | +0.3% |
| Operating profit | $20.1M | — | — |
| Net earnings | −$9.5M | — | — |
| Operating cash flow | $57.6M | — | +25% |
| Free cash flow | $48.9M | — | — |
What changed
Revenue was $525.4M in Q2 2025, roughly flat year over year and up 8% from the previous quarter. SAS was the largest line at 61% of revenue. SAS added $3.6M year over year (up 1%), 225% of the total change. FAM declined 1%.
Gross margin was 19.7%, down 1.1 points from a year earlier. Operating profit was $20.1M, a 3.8% margin (up 1.8 points year over year). Of the extra revenue versus a year earlier, 600% reached operating profit, above the 2% margin then. Operating expenses fell 15% while revenue was flat. The fastest-growing cost line was Research & development (+16%). The quarter ended with a net loss of $9.5M, narrower than the previous quarter's $425.5M loss. Net interest and other expense of $17.1M was the main reason.
Operating cash flow was $57.6M (up 25% year over year). Non-cash charges added back $36.2M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items added $28.3M. After capital spending ($8.7M), free cash flow as the company reports it was $48.9M.
Questions
What was Mativ Holdings' revenue in the second quarter 2025?
Mativ Holdings (MATV) reported revenue of $525M for the second quarter 2025 (Q2 2025), +0.3% from a year earlier and +8% from the quarter before.
Was Mativ Holdings profitable in the second quarter 2025?
Operating profit was $20.1M (3.8% of revenue) and net loss $9.5M.
Source: Mativ Holdings 10-Q on SEC EDGAR.