Filing Flows › Mativ Holdings (MATV) › Q3 2025
Mativ Holdings (MATV) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Mativ Holdings (MATV) reported revenue of $514M for the third quarter 2025 (Q3 2025), +3% from a year earlier and -2% from the quarter before. Operating margin was 3.1%, net loss $3.2M (0.6% of revenue).
Mativ Holdings, Q3 2025: revenue $514M (+3% year over year), operating margin 3.1%, net loss $3.2M, operating cash flow $72.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $514M | -2% | +3% |
| Operating profit | $16.0M | -20% | — |
| Net earnings | −$3.2M | — | — |
| Operating cash flow | $72.8M | +26% | +94% |
| Free cash flow | $66.7M | — | — |
What changed
Revenue was $513.7M in Q3 2025, up 3% year over year and down 2% from the previous quarter. SAS was the largest line at 61% of revenue. FAM added $8.7M year over year (up 5%), 57% of the total change.
Gross margin was 19.3%, up 0.6 points from a year earlier. Operating profit was $16.0M, a 3.1% margin (up 1.7 points year over year). Of the extra revenue versus a year earlier, 59% reached operating profit, above the 1% margin then. Operating expenses fell 4% while revenue rose 3%. The quarter ended with a net loss of $3.2M, narrower than the previous quarter's $9.5M loss. Net interest and other expense of $21.6M was the main reason.
Operating cash flow was $72.8M (up 94% year over year). Non-cash charges added back $34.8M of depreciation and amortization and $2.4M of share-based compensation. Working capital and other items added $38.8M. After capital spending ($6.1M), free cash flow as the company reports it was $66.7M.
Questions
What was Mativ Holdings' revenue in the third quarter 2025?
Mativ Holdings (MATV) reported revenue of $514M for the third quarter 2025 (Q3 2025), +3% from a year earlier and -2% from the quarter before.
Was Mativ Holdings profitable in the third quarter 2025?
Operating profit was $16.0M (3.1% of revenue) and net loss $3.2M.
Source: Mativ Holdings 10-Q on SEC EDGAR.