Matthews Intl Corp Financials
This page shows Matthews Intl Corp (MATW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Matthews Intl Corp has an operating margin of 5.0%, meaning the company retains $5 of operating profit per $100 of revenue. This below-average margin results in a low score of 25/100, suggesting thin profitability after operating expenses. This is up from -0.7% the prior year.
Matthews Intl Corp's revenue declined 16.6% year-over-year, from $1.8B to $1.5B. This contraction results in a growth score of 0/100.
Matthews Intl Corp has a moderate D/E ratio of 1.46. This balance of debt and equity financing earns a leverage score of 57/100.
Matthews Intl Corp's current ratio of 1.48 indicates adequate short-term liquidity, earning a score of 39/100. The company can meet its near-term obligations, though with limited headroom.
While Matthews Intl Corp generated -$23.6M in operating cash flow, capex of $35.8M consumed most of it, leaving -$59.4M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Matthews Intl Corp scores 2.02, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Matthews Intl Corp passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Matthews Intl Corp generates $0.96 in operating cash flow (-$23.6M OCF vs -$24.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Matthews Intl Corp earns $1.2 in operating income for every $1 of interest expense ($75.5M vs $62.9M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Matthews Intl Corp generated $1.5B in revenue in fiscal year 2025. This represents a decrease of 16.6% from the prior year.
Matthews Intl Corp's EBITDA was $147.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 78.5% from the prior year.
Matthews Intl Corp generated -$59.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 274.3% from the prior year.
Matthews Intl Corp reported -$24.5M in net income in fiscal year 2025. This represents an increase of 59.0% from the prior year.
Matthews Intl Corp earned $-0.79 per diluted share (EPS) in fiscal year 2025. This represents an increase of 59.1% from the prior year.
Matthews Intl Corp held $32.4M in cash against $703.6M in long-term debt as of fiscal year 2025.
Matthews Intl Corp paid $1.00 per share in dividends in fiscal year 2025. This represents an increase of 4.2% from the prior year.
Matthews Intl Corp had 31M shares outstanding in fiscal year 2025. This represents an increase of 0.6% from the prior year.
Matthews Intl Corp's gross margin was 33.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 4.4 percentage points from the prior year.
Matthews Intl Corp's operating margin was 5.0% in fiscal year 2025, reflecting core business profitability. This is up 5.7 percentage points from the prior year.
Matthews Intl Corp's net profit margin was -1.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.7 percentage points from the prior year.
Matthews Intl Corp invested $16.7M in research and development in fiscal year 2025. This represents an increase of 4.8% from the prior year.
Matthews Intl Corp spent $12.2M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 40.6% from the prior year.
Matthews Intl Corp invested $35.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 20.8% from the prior year.
MATW Income Statement
| Metric | Q1'26 | Q3'25 | Q2'25 | Q3'24 | Q1'25 | Q3'23 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $284.8M-18.5% | $349.4M-18.3% | $427.6M-9.4% | $471.9M+4.9% | $450.0M+6.7% | $421.7M-12.1% | $479.6M+6.8% | $449.2M |
| Cost of Revenue | $185.1M-18.6% | $227.4M-19.8% | $283.5M-15.0% | $333.6M+5.0% | $317.6M+5.6% | $300.9M-8.8% | $330.0M+6.3% | $310.3M |
| Gross Profit | $99.7M-18.3% | $122.0M-15.4% | $144.1M+4.2% | $138.3M+4.5% | $132.4M+9.5% | $120.9M-19.2% | $149.6M+7.7% | $138.9M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $81.3M-3.6% | $84.3M-13.0% | $96.9M+38.9% | $69.8M-11.3% | $78.7M+19.3% | $65.9M-19.1% | $81.5M+4.6% | $77.9M |
| Operating Income | $97.5M+29.7% | $75.2M+1164.1% | $5.9M-72.4% | $21.5M+128.3% | $9.4M-14.0% | $11.0M-52.4% | $23.1M+33.8% | $17.2M |
| Interest Expense | $14.6M-7.6% | $15.8M-0.2% | $15.9M+45.2% | $10.9M-5.6% | $11.6M+73.8% | $6.7M-44.7% | $12.0M+17.9% | $10.2M |
| Income Tax | $40.8M-6.2% | $43.5M+1693.7% | -$2.7M-388.9% | -$558K+23.1% | -$726K-169.8% | $1.0M-69.2% | $3.4M+157.8% | $1.3M |
| Net Income | $43.6M+183.5% | $15.4M+272.6% | -$8.9M-202.0% | $8.7M+479.4% | -$2.3M-179.6% | $2.9M-68.3% | $9.1M+146.5% | $3.7M |
| EPS (Diluted) | $1.39+183.7% | $0.49+269.0% | $-0.29-203.6% | $0.28+500.0% | $-0.07-177.8% | $0.09-69.0% | $0.29+141.7% | $0.12 |
MATW Balance Sheet
| Metric | Q1'26 | Q3'25 | Q2'25 | Q3'24 | Q1'25 | Q3'23 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.6B-9.0% | $1.7B-6.6% | $1.8B-0.4% | $1.8B-3.6% | $1.9B+0.8% | $1.9B-0.5% | $1.9B-0.3% | $1.9B |
| Current Assets | $489.1M-5.3% | $516.3M-21.1% | $654.4M+3.5% | $632.5M-3.9% | $658.1M+1.5% | $648.3M+4.9% | $618.2M-2.4% | $633.2M |
| Cash & Equivalents | $31.4M+53.8% | $20.4M-49.4% | $40.2M-1.4% | $40.8M+7.6% | $37.9M-9.9% | $42.1M+0.4% | $41.9M-1.9% | $42.7M |
| Inventory | $192.4M-8.6% | $210.5M+2.6% | $205.2M-13.7% | $237.9M-7.7% | $257.8M-1.0% | $260.4M+2.3% | $254.6M+3.7% | $245.6M |
| Accounts Receivable | $115.5M-27.3% | $158.9M+8.7% | $146.1M-29.1% | $206.0M-4.8% | $216.4M+4.3% | $207.5M-4.0% | $216.1M-2.5% | $221.6M |
| Goodwill | $431.8M-16.3% | $516.0M+9.1% | $473.1M-32.1% | $697.1M-1.7% | $709.0M+1.6% | $698.1M-1.5% | $708.8M+2.4% | $692.0M |
| Total Liabilities | $1.0B-15.3% | $1.2B-16.0% | $1.4B+1.5% | $1.4B+0.2% | $1.4B+2.4% | $1.4B-1.6% | $1.4B-0.9% | $1.4B |
| Current Liabilities | $324.9M+4.5% | $310.8M-24.4% | $411.3M-5.4% | $434.8M+24.5% | $349.2M-11.5% | $394.6M0.0% | $394.4M+7.6% | $366.7M |
| Long-Term Debt | $529.8M-23.9% | $696.1M-14.7% | $815.8M+6.0% | $769.6M-10.2% | $857.4M+9.0% | $786.5M+1.5% | $775.2M-7.1% | $834.1M |
| Total Equity | $543.2M+5.7% | $513.8M+25.9% | $408.2M-6.6% | $437.2M-14.1% | $508.8M-3.2% | $525.7M+2.5% | $512.7M+1.5% | $505.2M |
| Retained Earnings | $600.5M-0.1% | $601.0M+1.2% | $594.0M-4.7% | $623.1M-11.5% | $704.0M-1.5% | $714.7M+1.7% | $703.1M+0.2% | $701.7M |
MATW Cash Flow Statement
| Metric | Q1'26 | Q3'25 | Q2'25 | Q3'24 | Q1'25 | Q3'23 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$52.0M-242.1% | -$15.2M-340.2% | $6.3M-82.4% | $35.9M+231.8% | -$27.3M-1141.5% | $2.6M-96.8% | $80.9M+323.4% | -$36.2M |
| Capital Expenditures | $5.3M-35.3% | $8.1M-7.1% | $8.7M-27.4% | $12.0M-14.5% | $14.1M+4.3% | $13.5M+18.6% | $11.4M-8.3% | $12.4M |
| Free Cash Flow | -$57.2M-145.5% | -$23.3M-867.2% | -$2.4M-110.1% | $23.9M+157.8% | -$41.3M-280.2% | -$10.9M-115.6% | $69.6M+243.1% | -$48.6M |
| Investing Cash Flow | $237.4M+51.1% | $157.1M+3047.7% | -$5.3M+36.1% | -$8.3M+41.2% | -$14.2M-183.3% | -$5.0M+70.6% | -$17.1M-20.5% | -$14.2M |
| Financing Cash Flow | -$186.6M-7.9% | -$173.0M-1244.6% | $15.1M+148.8% | -$30.9M-185.7% | $36.1M+486.1% | $6.2M+109.2% | -$67.2M-401.1% | $22.3M |
| Dividends Paid | $9.5M+23.2% | $7.7M-1.5% | $7.8M+6.3% | $7.3M-20.8% | $9.3M+32.2% | $7.0M-1.5% | $7.1M+1.7% | $7.0M |
| Share Buybacks | $5.2M-32.9% | $7.7M+4996.7% | $151K+208.2% | $49K-99.7% | $17.2M+43964.1% | $39K-86.5% | $288K-88.2% | $2.5M |
MATW Financial Ratios
| Metric | Q1'26 | Q3'25 | Q2'25 | Q3'24 | Q1'25 | Q3'23 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.0%+0.1pp | 34.9%+1.2pp | 33.7%+4.4pp | 29.3%-0.1pp | 29.4%+0.7pp | 28.7%-2.5pp | 31.2%+0.3pp | 30.9% |
| Operating Margin | 34.3%+12.7pp | 21.5%+20.1pp | 1.4%-3.2pp | 4.6%+2.5pp | 2.1%-0.5pp | 2.6%-2.2pp | 4.8%+1.0pp | 3.8% |
| Net Margin | 15.3%+10.9pp | 4.4%+6.5pp | -2.1%-3.9pp | 1.8%+2.4pp | -0.5%-1.2pp | 0.7%-1.2pp | 1.9%+1.1pp | 0.8% |
| Return on Equity | 8.0%+5.0pp | 3.0%+1.2pp | 1.8%+0.1pp | 1.7% | N/A | 0.5%-1.3pp | 1.8%+1.0pp | 0.7% |
| Return on Assets | 2.8%+1.9pp | 0.9%+1.4pp | -0.5%-0.9pp | 0.5%+0.6pp | -0.1%-0.3pp | 0.1%-0.3pp | 0.5%+0.3pp | 0.2% |
| Current Ratio | 1.51-0.2 | 1.66+0.1 | 1.59+0.1 | 1.45-0.4 | 1.88+0.2 | 1.64+0.1 | 1.57-0.2 | 1.73 |
| Debt-to-Equity | 0.98-0.4 | 1.35-0.6 | 2.00+0.2 | 1.76+0.1 | 1.69+0.2 | 1.50-0.0 | 1.51-0.1 | 1.65 |
| FCF Margin | -20.1%-13.4pp | -6.7%-6.1pp | -0.6%-4.6pp | 4.0%+13.2pp | -9.2%-9.0pp | -0.2%-14.7pp | 14.5%+25.3pp | -10.8% |
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Frequently Asked Questions
What is Matthews Intl Corp's annual revenue?
Matthews Intl Corp (MATW) reported $1.5B in total revenue for fiscal year 2025. This represents a -16.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Matthews Intl Corp's revenue growing?
Matthews Intl Corp (MATW) revenue declined by 16.6% year-over-year, from $1.8B to $1.5B in fiscal year 2025.
Is Matthews Intl Corp profitable?
No, Matthews Intl Corp (MATW) reported a net income of -$24.5M in fiscal year 2025, with a net profit margin of -1.6%.
What is Matthews Intl Corp's earnings per share (EPS)?
Matthews Intl Corp (MATW) reported diluted earnings per share of $-0.79 for fiscal year 2025. This represents a 59.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Matthews Intl Corp's EBITDA?
Matthews Intl Corp (MATW) had EBITDA of $147.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Matthews Intl Corp have?
As of fiscal year 2025, Matthews Intl Corp (MATW) had $32.4M in cash and equivalents against $703.6M in long-term debt.
What is Matthews Intl Corp's gross margin?
Matthews Intl Corp (MATW) had a gross margin of 33.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Matthews Intl Corp's operating margin?
Matthews Intl Corp (MATW) had an operating margin of 5.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Matthews Intl Corp's net profit margin?
Matthews Intl Corp (MATW) had a net profit margin of -1.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Matthews Intl Corp pay dividends?
Yes, Matthews Intl Corp (MATW) paid $1.00 per share in dividends during fiscal year 2025.
What is Matthews Intl Corp's free cash flow?
Matthews Intl Corp (MATW) generated -$59.4M in free cash flow during fiscal year 2025. This represents a -274.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Matthews Intl Corp's operating cash flow?
Matthews Intl Corp (MATW) generated -$23.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Matthews Intl Corp's total assets?
Matthews Intl Corp (MATW) had $1.7B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Matthews Intl Corp's capital expenditures?
Matthews Intl Corp (MATW) invested $35.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Matthews Intl Corp spend on research and development?
Matthews Intl Corp (MATW) invested $16.7M in research and development during fiscal year 2025.
Does Matthews Intl Corp buy back shares?
Yes, Matthews Intl Corp (MATW) spent $12.2M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Matthews Intl Corp have outstanding?
Matthews Intl Corp (MATW) had 31M shares outstanding as of fiscal year 2025.
What is Matthews Intl Corp's current ratio?
Matthews Intl Corp (MATW) had a current ratio of 1.48 as of fiscal year 2025, which is considered adequate.
What is Matthews Intl Corp's debt-to-equity ratio?
Matthews Intl Corp (MATW) had a debt-to-equity ratio of 1.46 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Matthews Intl Corp's return on assets (ROA)?
Matthews Intl Corp (MATW) had a return on assets of -1.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Matthews Intl Corp's cash runway?
Based on fiscal year 2025 data, Matthews Intl Corp (MATW) had $32.4M in cash against an annual operating cash burn of $23.6M. This gives an estimated cash runway of approximately 17 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Matthews Intl Corp's Altman Z-Score?
Matthews Intl Corp (MATW) has an Altman Z-Score of 2.02, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Matthews Intl Corp's Piotroski F-Score?
Matthews Intl Corp (MATW) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Matthews Intl Corp's earnings high quality?
Matthews Intl Corp (MATW) has an earnings quality ratio of 0.96x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Matthews Intl Corp cover its interest payments?
Matthews Intl Corp (MATW) has an interest coverage ratio of 1.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Matthews Intl Corp?
Matthews Intl Corp (MATW) scores 24 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.