Mativ Holdings, Inc. — Earnings Quality Grade F
MATV · Basic Materials
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 30 days, change +6 days YoY
AR growth 24.4% exceeds revenue growth 0.3%
Revenue 0.3%, CFFO 41.1%. Cash follows revenue
Expense Quality
Inventory -7.3% vs COGS 0.4%. Normal
CapEx growth -27.3% vs revenue 0.3%. Normal
SG&A/Gross Profit = 63.0%. Normal
Gross margin 18.3%, change -0.1pp. Stable
Cash Flow Quality
CFFO < Net Income for 3 consecutive years
Small-cap context: Small-cap CFFO/NI often diverges from working-capital swings, not necessarily manipulation.
FCF $0.1B, FCF/NI = -0.28
Accruals ratio = -23.0%. Low accruals
Cash $0.1B covers only 8% of debt $1.1B
Balance Sheet Health
Goodwill+Intangibles $0.6B = 115% of equity. Over 50%
Interest coverage = 0.7x (<2x). Financial stress
Other assets -19.9% vs revenue 0.3%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -44% YoY. Normal
Manipulation Score
M-Score = -3.45 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25