Paper, Lumber & Forest Products
Compare Stocks
2 / 10Stock Comparison
MATV vs FWRD
Revenue, margins, valuation, and 5-year total return — side by side.
Integrated Freight & Logistics
MATV vs FWRD — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Paper, Lumber & Forest Products | Integrated Freight & Logistics |
| Market Cap | $515M | $547M |
| Revenue (TTM) | $1.98B | $2.46B |
| Net Income (TTM) | $76M | $-91M |
| Gross Margin | 18.1% | 23.1% |
| Operating Margin | 2.9% | 2.1% |
| Forward P/E | 11.0x | — |
| Total Debt | $1.12B | $2.16B |
| Cash & Equiv. | $84M | $106M |
MATV vs FWRD — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Mativ Holdings, Inc. (MATV) | 100 | 30.9 | -69.1% |
| Forward Air Corpora… (FWRD) | 100 | 34.9 | -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.
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
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%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 0.8% revenue growth vs MATV's 0.3% | |
| Value | Better valuation composite | |
| Quality / Margins | 3.9% margin vs FWRD's -3.7% | |
| Stability / Safety | Beta 1.68 vs FWRD's 2.28, lower leverage | |
| Dividends | 4.3% yield; 1-year raise streak; the other pay no meaningful dividend | |
| Momentum (1Y) | +94.6% vs FWRD's +0.6% | |
| Efficiency (ROA) | 3.7% 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
MATV vs FWRD — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
MATV leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
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.
| Metric | ||
|---|---|---|
| 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% |
Valuation Metrics
MATV leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
On an enterprise value basis, MATV's 8.2x EV/EBITDA is more attractive than FWRD's 13.8x.
| Metric | ||
|---|---|---|
| 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 multiple | 8.19x | 13.75x |
| Price / SalesMarket cap ÷ Revenue | 0.26x | 0.22x |
| Price / BookPrice ÷ Book value/share | 1.03x | 3.32x |
| Price / FCFMarket cap ÷ FCF | 5.49x | 35.82x |
Profitability & Efficiency
MATV leads this category, winning 8 of 9 comparable metrics.
Profitability & Efficiency
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.
| Metric | ||
|---|---|---|
| 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 0–9 | 3 | 5 |
| Debt / EquityFinancial leverage | 2.25x | 13.36x |
| 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 expense | 0.76x | 0.32x |
Total Returns (Dividends Reinvested)
MATV leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
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.
| Metric | ||
|---|---|---|
| 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% |
Risk & Volatility
MATV leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
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.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.68x | 2.28x |
| 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 0–100 | 49.6 | 42.4 |
| Avg Volume (50D)Average daily shares traded | 406K | 733K |
Analyst Outlook
FWRD leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
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.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | — | $37.00 |
| # AnalystsCovering analysts | 7 | 21 |
| Dividend YieldAnnual dividend ÷ price | +4.3% | — |
| Dividend StreakConsecutive years of raises | 1 | 8 |
| Dividend / ShareAnnual DPS | $0.41 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +0.3% | +0.2% |
MATV leads in 5 of 6 categories (Income & Cash Flow, Valuation Metrics). FWRD leads in 1 (Analyst Outlook).
MATV vs FWRD: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is 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.
02Which 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.
03Which 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.
04Which 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.
05Which 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.
06Which 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.
07Is 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.
08What 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.
Find Stocks Like These
Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform both.
You Might Also Compare
Based on how these companies actually compete and overlap — not just which sector they're filed under.