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Stock Comparison

MATV vs FWRD

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
MATV
Mativ Holdings, Inc.

Paper, Lumber & Forest Products

Basic MaterialsNYSE • US
Market Cap$515M
5Y Perf.-69.1%
FWRD
Forward Air Corporation

Integrated Freight & Logistics

IndustrialsNASDAQ • US
Market Cap$547M
5Y Perf.-65.1%

MATV vs FWRD — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
MATV logoMATV
FWRD logoFWRD
IndustryPaper, Lumber & Forest ProductsIntegrated Freight & Logistics
Market Cap$515M$547M
Revenue (TTM)$1.98B$2.46B
Net Income (TTM)$76M$-91M
Gross Margin18.1%23.1%
Operating Margin2.9%2.1%
Forward P/E11.0x
Total Debt$1.12B$2.16B
Cash & Equiv.$84M$106M

MATV vs FWRDLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

MATV
FWRD
StockMay 20May 26Return
Mativ Holdings, Inc. (MATV)10030.9-69.1%
Forward Air Corpora… (FWRD)10034.9-65.1%

Price return only. Dividends and distributions are not included.

Quick Verdict: MATV vs FWRD

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: MATV leads in 6 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Forward Air Corporation is the stronger pick specifically for growth and revenue expansion. This set spans 2 sectors — these stocks serve different portfolio roles, not just different price points.
MATV
Mativ Holdings, Inc.
The Income Pick

MATV carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.

  • Dividend streak 1 yrs, beta 1.68, yield 4.3%
  • -32.3% 10Y total return vs FWRD's -47.3%
  • Lower volatility, beta 1.68, current ratio 2.24x
Best for: income & stability and long-term compounding
FWRD
Forward Air Corporation
The Growth Play

FWRD is the clearest fit if your priority is growth exposure.

  • Rev growth 0.8%, EPS growth 88.3%, 3Y rev CAGR 14.1%
  • 0.8% revenue growth vs MATV's 0.3%
Best for: growth exposure
See the full category breakdown
CategoryWinnerWhy
GrowthFWRD logoFWRD0.8% revenue growth vs MATV's 0.3%
ValueMATV logoMATVBetter valuation composite
Quality / MarginsMATV logoMATV3.9% margin vs FWRD's -3.7%
Stability / SafetyMATV logoMATVBeta 1.68 vs FWRD's 2.28, lower leverage
DividendsMATV logoMATV4.3% yield; 1-year raise streak; the other pay no meaningful dividend
Momentum (1Y)MATV logoMATV+94.6% vs FWRD's +0.6%
Efficiency (ROA)MATV logoMATV3.7% ROA vs FWRD's -3.3%, ROIC 2.1% vs 1.2%

MATV vs FWRD — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

MATVMativ Holdings, Inc.
FY 2023
Royalty
100.0%$4M
FWRDForward Air Corporation
FY 2025
Expedited Freight Segment
81.5%$1.0B
Intermodal Segment
18.5%$231M

MATV vs FWRD — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLMATVLAGGINGFWRD

Income & Cash Flow (Last 12 Months)

MATV leads this category, winning 5 of 6 comparable metrics.

FWRD and MATV operate at a comparable scale, with $2.5B and $2.0B in trailing revenue. MATV is the more profitable business, keeping 3.9% of every revenue dollar as net income compared to FWRD's -3.7%. On growth, MATV holds the edge at -1.1% YoY revenue growth, suggesting stronger near-term business momentum.

MetricMATV logoMATVMativ Holdings, I…FWRD logoFWRDForward Air Corpo…
RevenueTrailing 12 months$2.0B$2.5B
EBITDAEarnings before interest/tax$198M$206M
Net IncomeAfter-tax profit$76M-$91M
Free Cash FlowCash after capex$125M$38M
Gross MarginGross profit ÷ Revenue+18.1%+23.1%
Operating MarginEBIT ÷ Revenue+2.9%+2.1%
Net MarginNet income ÷ Revenue+3.9%-3.7%
FCF MarginFCF ÷ Revenue+6.3%+1.6%
Rev. Growth (YoY)Latest quarter vs prior year-1.1%-5.1%
EPS Growth (YoY)Latest quarter vs prior year+97.3%+35.1%
MATV leads this category, winning 5 of 6 comparable metrics.

Valuation Metrics

MATV leads this category, winning 3 of 5 comparable metrics.

On an enterprise value basis, MATV's 8.2x EV/EBITDA is more attractive than FWRD's 13.8x.

MetricMATV logoMATVMativ Holdings, I…FWRD logoFWRDForward Air Corpo…
Market CapShares × price$515M$547M
Enterprise ValueMkt cap + debt − cash$1.6B$2.6B
Trailing P/EPrice ÷ TTM EPS-1.52x-4.98x
Forward P/EPrice ÷ next-FY EPS est.11.05x
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple8.19x13.75x
Price / SalesMarket cap ÷ Revenue0.26x0.22x
Price / BookPrice ÷ Book value/share1.03x3.32x
Price / FCFMarket cap ÷ FCF5.49x35.82x
MATV leads this category, winning 3 of 5 comparable metrics.

Profitability & Efficiency

MATV leads this category, winning 8 of 9 comparable metrics.

MATV delivers a 17.1% return on equity — every $100 of shareholder capital generates $17 in annual profit, vs $-53 for FWRD. MATV carries lower financial leverage with a 2.25x debt-to-equity ratio, signaling a more conservative balance sheet compared to FWRD's 13.36x. On the Piotroski fundamental quality scale (0–9), FWRD scores 5/9 vs MATV's 3/9, reflecting solid financial health.

MetricMATV logoMATVMativ Holdings, I…FWRD logoFWRDForward Air Corpo…
ROE (TTM)Return on equity+17.1%-52.6%
ROA (TTM)Return on assets+3.7%-3.3%
ROICReturn on invested capital+2.1%+1.2%
ROCEReturn on capital employed+2.4%+1.5%
Piotroski ScoreFundamental quality 0–935
Debt / EquityFinancial leverage2.25x13.36x
Net DebtTotal debt minus cash$1.0B$2.1B
Cash & Equiv.Liquid assets$84M$106M
Total DebtShort + long-term debt$1.1B$2.2B
Interest CoverageEBIT ÷ Interest expense0.76x0.32x
MATV leads this category, winning 8 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

MATV leads this category, winning 6 of 6 comparable metrics.

A $10,000 investment in MATV five years ago would be worth $2,984 today (with dividends reinvested), compared to $1,978 for FWRD. Over the past 12 months, MATV leads with a +94.6% total return vs FWRD's +0.6%. The 3-year compound annual growth rate (CAGR) favors MATV at -13.3% vs FWRD's -42.8% — a key indicator of consistent wealth creation.

MetricMATV logoMATVMativ Holdings, I…FWRD logoFWRDForward Air Corpo…
YTD ReturnYear-to-date-19.7%-31.0%
1-Year ReturnPast 12 months+94.6%+0.6%
3-Year ReturnCumulative with dividends-34.8%-81.3%
5-Year ReturnCumulative with dividends-70.2%-80.2%
10-Year ReturnCumulative with dividends-32.3%-47.3%
CAGR (3Y)Annualised 3-year return-13.3%-42.8%
MATV leads this category, winning 6 of 6 comparable metrics.

Risk & Volatility

MATV leads this category, winning 2 of 2 comparable metrics.

MATV is the less volatile stock with a 1.68 beta — it tends to amplify market swings less than FWRD's 2.28 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. MATV currently trades 60.7% from its 52-week high vs FWRD's 53.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricMATV logoMATVMativ Holdings, I…FWRD logoFWRDForward Air Corpo…
Beta (5Y)Sensitivity to S&P 5001.68x2.28x
52-Week HighHighest price in past year$15.48$32.47
52-Week LowLowest price in past year$4.87$14.81
% of 52W HighCurrent price vs 52-week peak+60.7%+53.4%
RSI (14)Momentum oscillator 0–10049.642.4
Avg Volume (50D)Average daily shares traded406K733K
MATV leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

FWRD leads this category, winning 1 of 1 comparable metric.

Wall Street rates MATV as "Buy" and FWRD as "Hold". MATV is the only dividend payer here at 4.35% yield — a key consideration for income-focused portfolios.

MetricMATV logoMATVMativ Holdings, I…FWRD logoFWRDForward Air Corpo…
Analyst RatingConsensus buy/hold/sellBuyHold
Price TargetConsensus 12-month target$37.00
# AnalystsCovering analysts721
Dividend YieldAnnual dividend ÷ price+4.3%
Dividend StreakConsecutive years of raises18
Dividend / ShareAnnual DPS$0.41
Buyback YieldShare repurchases ÷ mkt cap+0.3%+0.2%
FWRD leads this category, winning 1 of 1 comparable metric.
Key Takeaway

MATV leads in 5 of 6 categories (Income & Cash Flow, Valuation Metrics). FWRD leads in 1 (Analyst Outlook).

Best OverallMativ Holdings, Inc. (MATV)Leads 5 of 6 categories
Loading custom metrics...

MATV vs FWRD: Frequently Asked Questions

8 questions · data-driven answers · updated daily

01

Is MATV or FWRD a better buy right now?

For growth investors, Forward Air Corporation (FWRD) is the stronger pick with 0.

8% revenue growth year-over-year, versus 0. 3% for Mativ Holdings, Inc. (MATV). Analysts rate Mativ Holdings, Inc. (MATV) a "Buy" — based on 7 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which is the better long-term investment — MATV or FWRD?

Over the past 5 years, Mativ Holdings, Inc.

(MATV) delivered a total return of -70. 2%, compared to -80. 2% for Forward Air Corporation (FWRD). Over 10 years, the gap is even starker: MATV returned -32. 3% versus FWRD's -47. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

03

Which is safer — MATV or FWRD?

By beta (market sensitivity over 5 years), Mativ Holdings, Inc.

(MATV) is the lower-risk stock at 1. 68β versus Forward Air Corporation's 2. 28β — meaning FWRD is approximately 36% more volatile than MATV relative to the S&P 500. On balance sheet safety, Mativ Holdings, Inc. (MATV) carries a lower debt/equity ratio of 2% versus 13% for Forward Air Corporation — giving it more financial flexibility in a downturn.

04

Which is growing faster — MATV or FWRD?

By revenue growth (latest reported year), Forward Air Corporation (FWRD) is pulling ahead at 0.

8% versus 0. 3% for Mativ Holdings, Inc. (MATV). On earnings-per-share growth, the picture is similar: Forward Air Corporation grew EPS 88. 3% year-over-year, compared to -587. 8% for Mativ Holdings, Inc.. Over a 3-year CAGR, FWRD leads at 14. 1% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

05

Which has better profit margins — MATV or FWRD?

Forward Air Corporation (FWRD) is the more profitable company, earning -4.

3% net margin versus -17. 0% for Mativ Holdings, Inc. — meaning it keeps -4. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MATV leads at 2. 4% versus 1. 5% for FWRD. At the gross margin level — before operating expenses — FWRD leads at 20. 5%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

06

Which pays a better dividend — MATV or FWRD?

In this comparison, MATV (4.

3% yield) pays a dividend. FWRD does not pay a meaningful dividend and should not be held primarily for income.

07

Is MATV or FWRD better for a retirement portfolio?

For long-horizon retirement investors, Mativ Holdings, Inc.

(MATV) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (4. 3% yield). Forward Air Corporation (FWRD) carries a higher beta of 2. 28 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (MATV: -32. 3%, FWRD: -47. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

08

What are the main differences between MATV and FWRD?

These companies operate in different sectors (MATV (Basic Materials) and FWRD (Industrials)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.

In terms of investment character: MATV is a small-cap income-oriented stock; FWRD is a small-cap quality compounder stock. MATV pays a dividend while FWRD does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

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Stocks Like

MATV

Income & Dividend Stock

  • Sector: Basic Materials
  • Market Cap > $100B
  • Dividend Yield > 1.7%
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FWRD

Quality Business

  • Sector: Industrials
  • Market Cap > $100B
  • Gross Margin > 13%
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Revenue Growth>
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(MATV: -1.1% · FWRD: -5.1%)

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