
Mativ Holdings is transitioning from a leveraged paper asset aggregation to a qualification-driven specialty materials platform with widening EBITDA margins. Q2 2026 saw organic sales up 1.7% but adjusted EBITDA up 12%, driven by pricing, SG&A reductions, and product mix optimization. MATV's valuation is discounted versus peers despite double-digit EBITDA growth, rapid deleveraging, and strong free cash flow generation.








