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Mativ vs Sylvamo: revenue, profit, margins and growth compared

Mativ brought in $2B of revenue in fiscal 2025, Sylvamo $3.4B in fiscal 2025. Revenue changed by +0.3% at Mativ and -11.2% at Sylvamo on the year before, so Mativ grew faster. Mativ kept -17.0% of its revenue as net profit, Sylvamo 3.9%. Free cash flow was $93.8M at Mativ and $44M at Sylvamo.

Side by side, latest fiscal year

MATVSLVM
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$2B$3.4B
Revenue growth+0.3%-11.2%
Net income-$337.4M$132M
Net margin-17.0%3.9%
Free cash flow$93.8M$44M
Free cash flow margin4.7%1.3%
Earnings per share (diluted)-$6.19$3.24
Cash$84.2M$135M
Debt$1B$23M
Price to earningsn/a11.1
Market value$657.9M$1.4B
Dividend yield3.36%5.01%
Rank by revenue in sector#25 of 71 · Basic materials#13 of 71 · Basic materials

Over the years

Revenue
MATV FY2018: $1BMATV FY2019: $1BMATV FY2020: $1.1BMATV FY2020: $930.7MMATV FY2022: $1.6BMATV FY2023: $2BMATV FY2024: $2BMATV FY2025: $2BSLVM FY2019: $4BSLVM FY2021: $2.4BSLVM FY2021: $2.8BSLVM FY2022: $3.6BSLVM FY2023: $3.7BSLVM FY2024: $3.8BSLVM FY2025: $3.4BFY18FY19FY20FY21FY22FY23FY24FY25
MATV $2BSLVM $3.4B
Net income
MATV FY2018: $94.5MMATV FY2019: $85.8MMATV FY2020: $83.8MMATV FY2020: $88.9MMATV FY2022: -$6.6MMATV FY2023: -$309.5MMATV FY2024: -$48.7MMATV FY2025: -$337.4MSLVM FY2019: $377MSLVM FY2021: $170MSLVM FY2021: $331MSLVM FY2022: $118MSLVM FY2023: $253MSLVM FY2024: $302MSLVM FY2025: $132MFY18FY19FY20FY21FY22FY23FY24FY25
MATV -$337.4MSLVM $132M
Net margin
MATV FY2018: 9.1%MATV FY2019: 8.4%MATV FY2020: 7.8%MATV FY2020: 9.6%MATV FY2022: -0.4%MATV FY2023: -15.3%MATV FY2024: -2.5%MATV FY2025: -17.0%SLVM FY2019: 9.4%SLVM FY2021: 7.1%SLVM FY2021: 11.7%SLVM FY2022: 3.3%SLVM FY2023: 6.8%SLVM FY2024: 8.0%SLVM FY2025: 3.9%FY18FY19FY20FY21FY22FY23FY24FY25
MATV -17.0%SLVM 3.9%
Revenue growth
MATV FY2019: -1.8%MATV FY2020: +5.0%MATV FY2020: -13.4%MATV FY2022: +75.9%MATV FY2023: +23.8%MATV FY2024: -2.2%MATV FY2025: +0.3%SLVM FY2021: -40.6%SLVM FY2021: +18.6%SLVM FY2022: +28.3%SLVM FY2023: +2.6%SLVM FY2024: +1.4%SLVM FY2025: -11.2%FY19FY20FY21FY22FY23FY24FY25
MATV +0.3%SLVM -11.2%
Free cash flow
MATV FY2018: $112.1MMATV FY2019: $131.7MMATV FY2020: $131.5MMATV FY2020: $38.6MMATV FY2022: $156.6MMATV FY2023: $40.6MMATV FY2024: $39.8MMATV FY2025: $93.8MSLVM FY2019: $406MSLVM FY2021: $293MSLVM FY2021: $480MSLVM FY2022: $289MSLVM FY2023: $294MSLVM FY2024: $248MSLVM FY2025: $44MFY18FY19FY20FY21FY22FY23FY24FY25
MATV $93.8MSLVM $44M

Fiscal years as each company reports them; the two may end in different months.

Questions about Mativ and Sylvamo

Which is bigger by revenue, Mativ or Sylvamo?

Sylvamo is bigger by revenue: $3.4B in fiscal 2025, against $2B for Mativ in fiscal 2025.

Which keeps more of its revenue as profit, Mativ or Sylvamo?

Mativ had a net margin of -17.0% in fiscal 2025; Sylvamo had 3.9% in fiscal 2025.

Which grew revenue faster, Mativ or Sylvamo?

In their latest fiscal years revenue changed by +0.3% at Mativ and -11.2% at Sylvamo.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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