Mativ Holdings (MATV) Q3 FY2026 earnings: revenue $500 million, down 2.8% on the year

Mativ Holdings, Inc. (MATV) reported revenue of $500 million for Q3 FY2026, the quarter ended 30 September 2026, down 2.8% on the same quarter a year earlier. Net income was -$1 million, and diluted earnings per share $-0.03. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.

Revenue

$500 million

-2.8% on the year · -6.1% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

4.0%

3.1% a year earlier

Q4 FY2024Q3 FY2026

Net income

-$1 million

Q4 FY2024Q3 FY2026

Diluted EPS

-$0.03

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 1 kept.

Sales fell on tornado impact: Quarterly net sales were $499.5 million, down 2.8% and 2.3% organically, which the company attributed primarily to the previously disclosed tornado. Nine-month sales were $1,510.9 million, down 0.9%.
Adjusted EBITDA fell 7%: Adjusted EBITDA was $62.3 million against $66.8 million, a 12.5% margin against 13.0%. Nine-month Adjusted EBITDA rose to $184.8 million from $171.2 million.
FAM sales grew fastest: FAM net sales rose 10.2% to $218.5 million, or 11.6% organically, reflecting higher volume/mix including an exited facility and higher selling prices.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	500	532	514	-6.1%	-2.8%
Cost of revenue	402	418	414	-4.0%	-3.0%
Gross profit	97.7	113	99.4	-13.8%	-1.7%
Gross margin	19.6%	21.3%	19.3%
Research and development	4.8	4.9	5.6	-2.0%	-14.3%
Selling, general and administrative	54.8	56.6	53.7	-3.2%	+2.0%
Operating income	19.9	35.3	16.0	-43.6%	+24.4%
Operating margin	4.0%	6.6%	3.1%
Interest expense	18.1	19.3	17.7	-6.2%	+2.3%
Pre-tax income	1.4	6.8	-5.6	-79.4%
Income tax	2.6	3.2	-2.4	-18.8%
Effective tax rate	185.7%	47.1%	n/a
Net income	-1.2	3.6	-3.2
Net margin	-0.2%	0.7%	-0.6%
Diluted EPS	-$0.03	$0.06	-$0.06

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	48.5	67.9	72.8	-28.6%	-33.4%
Capital expenditure	11.0	7.5	6.1	+46.7%	+80.3%
Free cash flow	37.5	60.4	66.7	-37.9%	-43.8%
Free cash flow margin	7.5%	11.4%	13.0%
Cash from investing	-11.2	-7.4	-5.4
Cash from financing	-6.0	-76.7	-70.3
Depreciation and amortisation	32.2	34.8	34.0	-7.5%	-5.3%
Share-based compensation	2.1	1.5	2.4	+40.0%	-12.5%
Dividends paid	5.5	5.6	5.4	-1.8%	+1.9%
Dividend per share	$0.10	$0.10	$0.10	0.0%	0.0%
Diluted shares, weighted	55m	56m	55m	-0.9%	+0.9%
Shares outstanding at period end	55m	55m	55m	+0.1%	+0.9%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	467	471	397	-0.8%	+17.5%
Debt	1,011	1,010	1,046	+0.1%	-3.4%
Operating lease liabilities	47.4	36.3	40.0	+30.6%	+18.5%
Finance lease liabilities	14.7	15.1	16.4	-2.6%	-10.4%
Other liabilities	490	458	501	+7.0%	-2.2%
Total liabilities and equity	2,030	1,991	2,002	+2.0%	+1.4%
Fixed assets	585	595	615	-1.6%	-4.8%
Goodwill	56.2	56.3	57.3	-0.2%	-1.9%
Intangible assets	460	476	529	-3.4%	-13.1%
Cash and equivalents	97.3	66.3	97.1	+46.8%	+0.2%
Receivables	250	211	201	+18.5%	+24.8%
Inventory	329	340	330	-3.3%	-0.4%
Other assets	253	246	173	+2.9%	+46.4%
Total assets	2,030	1,991	2,002	+2.0%	+1.4%

Questions

What was Mativ Holdings' revenue in Q3 FY2026?

Mativ Holdings (MATV) reported revenue of $500 million for Q3 FY2026, the quarter ended 30 September 2026, down 2.8% on the same quarter a year earlier.

How much did Mativ Holdings earn in Q3 FY2026?

Net loss for Q3 FY2026 was $1 million, and the diluted loss per share $0.03.

When did Mativ Holdings report Q3 FY2026 results?

Mativ Holdings filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 5 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021	Q1 FY2022 †	Q2 FY2022	Q3 FY2022 †	Q4 FY2022 *	Q1 FY2023 †	Q2 FY2023 †	Q3 FY2023	Q4 FY2023 * †	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	390	407	426	552	660	549	526	498	452	500	524	498	459	485	525	514	463	480	532	500
Cost of revenue	314	314	327	455	538	461	431	412	366	416	415	405	381	412	422	414	376	395	418	402
Gross profit	76.2	92.6	99.6	96.1	122	87.7	95.5	86.7	85.9	84.0	109	93.6	77.6	72.6	104	99.4	87.2	84.9	113	97.7
Gross margin	20%	23%	23%	17%	19%	16%	18%	17%	19%	17%	21%	19%	17%	15%	20%	19%	19%	18%	21%	20%
R&D	5.4	5.2	5.4	5.9	8.3	6.7	4.5	5.4	4.6	6.0	5.8	5.7	5.5	6.3	6.7	5.6	5.0	5.5	4.9	4.8
SG&A	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	61.6	65.1	54.3	52.8	63.3	57.2	53.7	54.5	54.8	56.6	54.8
Operating income	10.9	10.6	27.8	-31.6	26.9	-2.2	10.4	-420	-2.2	-13.8	10.5	7.0	2.6	-431	20.1	16.0	10.1	7.3	35.3	19.9
Operating margin	3%	3%	7%	-6%	4%	-0%	2%	-84%	-0%	-3%	2%	1%	1%	-89%	4%	3%	2%	2%	7%	4%
Interest expense	14.8	14.5	20.4	14.9	27.4	15.6	28.2	16.8	n/a	18.3	18.4	18.3	19.7	17.8	18.6	17.7	17.0	17.5	19.3	18.1
Pre-tax income	31.2	1.6	14.7	-45.1	-15.7	-18.5	-8.6	-437	-16.8	-30.4	-9.0	-24.0	-15.5	-450	3.0	-5.6	-10.2	-8.7	6.8	1.4
Tax rate	-70%	131%	31%	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	417%	n/a	n/a	n/a	47%	186%
Net income	53.3	1.6	11.8	-22.5	2.5	-7.7	-4.5	-455	158	-28.0	-1.4	-20.8	1.5	-426	-9.5	-3.2	101	-11.7	3.6	-1.2
Net margin	14%	0%	3%	-4%	0%	-1%	-1%	-91%	35%	-6%	-0%	-4%	0%	-88%	-2%	-1%	22%	-2%	1%	-0%
Diluted EPS	$1.68	$0.05	$0.36	-$0.43	$0.04	-$0.14	-$0.08	-$8.33	$2.89	-$0.52	-$0.03	-$0.38	$0.03	-$7.82	-$0.18	-$0.06	$1.80	-$0.22	$0.06	-$0.03
Operating cash flow	30.6	5.0	13.0	-0.8	185	-20.7	40.2	32.9	54.2	-13.0	46.1	37.6	24.1	-15.9	57.6	72.8	19.3	1.0	67.9	48.5
Capital expenditure	12.1	8.7	9.1	18.7	20.4	19.1	22.9	7.4	16.6	12.1	8.7	12.1	22.1	13.9	8.7	6.1	11.3	8.4	7.5	11.0
Free cash flow	18.5	-3.7	3.9	-19.5	165	-39.8	17.3	25.5	37.6	-25.1	37.4	25.5	2.0	-29.8	48.9	66.7	8.0	-7.4	60.4	37.5
Buybacks	0.3	2.9	0.1	3.4	0.5	1.3	1.5	4.2	3.6	0.7	0.1	0.0	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Dividends paid	13.8	13.9	14.2	22.0	22.1	22.0	22.3	5.5	5.5	5.4	5.4	5.4	5.4	5.5	5.9	5.4	5.5	5.9	5.6	5.5
Shares outstanding	31m	32m	32m	55m	55m	55m	55m	54m	54m	54m	54m	54m	54m	55m	55m	55m	55m	55m	55m	55m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 5 November 2026: the filing.