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How Mativ Holdings (MATV) makes money

Mativ Holdings (MATV) made $500M of revenue in the third quarter 2026 (Q3 2026), -3% from a year earlier. SAS brought in $281M (56%); FAM brought in $218M (44%).

Drawing the Sankey…

Mativ Holdings revenue by segment, Q3 2026Mativ Holdings revenue by segment, Q3 2026SAS$281MFAM$218M
Mativ Holdings: revenue by line, Q1 2025 to Q3 2026Mativ Holdings: revenue by line, Q1 2025 to Q3 2026SASFAMSAS: $281M latest$281MFAM: $218M latest$218MQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
FAM went from 39% of revenue in Q1 2025 to 44% in Q3 2026, the largest shift in the mix.
Mativ Holdings revenue by quarterMativ Holdings revenue by quarter$485MQ1 2025$525MQ2 2025$514MQ3 2025$463MQ4 2025$480MQ1 2026$532MQ2 2026$500MQ3 2026
Mativ Holdings: where each dollar of revenue goesMativ Holdings: where each dollar of revenue goesIncome tax1¢Operating cash flow10¢Free cash flow8¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
SAS$281M56.3%-15%-11%
FAM$218M43.7%+8%+10%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$500M100.0%
Income tax$2.6M0.5%
Operating cash flow$48.5M9.7%
Free cash flow$37.5M7.5%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$500M-3%
Q2 2026$532M+1%
Q1 2026$480M-1%
Q4 2025$463M+1%
Q3 2025$514M+3%
Q2 2025$525M+0.3%
Q1 2025$485M-3%

From Mativ Holdings' 10-Q filed Nov 5, 2026 (on EDGAR).

Questions

How does Mativ Holdings make money?

Mativ Holdings (MATV) made $500M of revenue in the third quarter 2026 (Q3 2026), -3% from a year earlier. SAS brought in $281M (56%); FAM brought in $218M (44%).

What is Mativ Holdings' biggest business?

SAS: $281M in the third quarter 2026, 56% of revenue, -11% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.