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).
FY2025 shows a smaller but richer revenue mix, while interest burden and weak cash conversion blocked full earnings recovery.
After FY2024's operating loss, FY2025 revenue dropped to$1.5B even as gross margin reached33.9% , pointing to a smaller but higher-margin sales mix rather than a uniform deterioration in the business. But interest expense at$62.9M still absorbed most of operating income of$75.5M , which is why the operating rebound did not become net profit or positive operating cash flow.
The balance sheet still reflects an acquisition-shaped capital structure: goodwill of
Cash generation has been eroding even when reported profit improved: free cash flow moved from
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Matthews Intl Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Matthews Intl Corp has an operating margin of 5.0%, meaning the company retains $5 of operating profit per $100 of revenue. This results in a moderate score of 40/100, indicating healthy but not exceptional operating efficiency. 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 10/100.
Matthews Intl Corp has elevated debt relative to equity (D/E of 1.46), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 12/100, reflecting increased financial risk.
Matthews Intl Corp's current ratio of 1.48 indicates adequate short-term liquidity, earning a score of 40/100. 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 26/100, reflecting heavy capital investment rather than weak cash generation.
Matthews Intl Corp's ROE of -5.1% shows moderate profitability relative to equity, earning a score of 39/100. This is up from -13.7% the prior year.
Matthews Intl Corp scores 2.03, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
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
Earnings & Revenue
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 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.
Cash & Balance Sheet
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 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.
Margins & Returns
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's ROE was -5.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 8.6 percentage points from the prior year.
Capital Allocation
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 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $258.6M-9.2% | $284.8M-10.7% | $318.8M-8.7% | $349.4M-18.3% | $427.6M+6.4% | $401.8M-10.0% | $446.7M+4.4% | $427.8M |
| Cost of Revenue | $156.6M-15.4% | $185.1M-8.8% | $203.0M-10.7% | $227.4M-19.8% | $283.5M+2.7% | $276.1M-16.2% | $329.4M+11.3% | $296.0M |
| Gross Profit | $102.0M+2.3% | $99.7M-14.0% | $115.8M-5.0% | $122.0M-15.4% | $144.1M+14.7% | $125.7M+7.1% | $117.3M-11.0% | $131.8M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $72.4M-10.9% | $81.3M-13.1% | $93.6M+10.9% | $84.3M-11.1% | $94.8M+23.9% | $76.6M-27.6% | $105.7M+32.0% | $80.1M |
| Operating Income | -$3.2M-103.3% | $97.5M+958.5% | -$11.4M-115.1% | $75.2M+1164.1% | $5.9M+4.8% | $5.7M+111.4% | -$49.8M-842.8% | $6.7M |
| Interest Expense | $10.0M-31.4% | $14.6M-5.7% | $15.5M-2.0% | $15.8M-0.2% | $15.9M+1.2% | $15.7M+15.0% | $13.6M+6.7% | $12.8M |
| Income Tax | -$6.2M-115.2% | $40.8M+1682.0% | $2.3M-94.7% | $43.5M+1693.7% | -$2.7M-15.7% | -$2.4M-446.8% | $680K+107.7% | -$8.8M |
| Net Income | -$21.8M-150.0% | $43.6M+258.8% | -$27.5M-278.5% | $15.4M+272.6% | -$8.9M-156.8% | -$3.5M+94.9% | -$68.2M-3935.7% | $1.8M |
| EPS (Diluted) | $-0.69-149.6% | $1.39 | N/A | $0.49+269.0% | $-0.29-163.6% | $-0.11 | N/A | $0.06 |
MATW Balance Sheet
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.5B-1.4% | $1.6B-8.4% | $1.7B-0.7% | $1.7B-6.6% | $1.8B+2.0% | $1.8B-2.4% | $1.8B-1.4% | $1.9B |
| Current Assets | $479.6M-2.0% | $489.1M-6.0% | $520.2M+0.8% | $516.3M-21.1% | $654.4M+5.0% | $623.2M-1.5% | $632.5M-1.5% | $642.1M |
| Cash & Equivalents | $36.1M+15.1% | $31.4M-3.3% | $32.4M+59.1% | $20.4M-49.4% | $40.2M+20.1% | $33.5M-17.9% | $40.8M-4.5% | $42.7M |
| Inventory | $195.9M+1.8% | $192.4M-5.2% | $202.8M-3.7% | $210.5M+2.6% | $205.2M-15.0% | $241.6M+1.6% | $237.9M-4.3% | $248.6M |
| Accounts Receivable | $100.7M-12.8% | $115.5M-13.1% | $132.9M-16.3% | $158.9M+8.7% | $146.1M-26.7% | $199.3M-3.2% | $206.0M+6.8% | $192.8M |
| Goodwill | $433.2M+0.3% | $431.8M-11.4% | $487.6M-5.5% | $516.0M+9.1% | $473.1M-31.0% | $686.0M-1.6% | $697.1M-1.3% | $706.2M |
| Total Liabilities | $1.0B+0.9% | $1.0B-16.8% | $1.2B+1.8% | $1.2B-16.0% | $1.4B+3.0% | $1.4B-1.4% | $1.4B+2.9% | $1.4B |
| Current Liabilities | $293.2M-9.8% | $324.9M-7.3% | $350.5M+12.8% | $310.8M-24.4% | $411.3M+4.0% | $395.6M-9.0% | $434.8M+12.6% | $386.2M |
| Long-Term Debt | $572.0M+8.0% | $529.8M-24.7% | $703.6M+1.1% | $696.1M-14.7% | $815.8M+1.7% | $802.0M+4.2% | $769.6M-6.7% | $824.7M |
| Total Equity | $512.2M-5.7% | $543.2M+12.9% | $480.9M-6.4% | $513.8M+25.9% | $408.2M-1.3% | $413.4M-5.4% | $437.2M-13.2% | $503.6M |
| Retained Earnings | $569.9M-5.1% | $600.5M+6.2% | $565.3M-5.9% | $601.0M+1.2% | $594.0M-2.8% | $611.4M-1.9% | $623.1M-10.9% | $699.0M |
MATW Cash Flow Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$15.4M+70.3% | -$52.0M-603.3% | $10.3M+168.0% | -$15.2M-340.2% | $6.3M+125.3% | -$25.0M-169.6% | $35.9M+166.4% | $13.5M |
| Capital Expenditures | $4.0M-23.1% | $5.3M-44.2% | $9.4M+16.1% | $8.1M-7.1% | $8.7M-8.3% | $9.5M-20.8% | $12.0M+31.6% | $9.1M |
| Free Cash Flow | -$19.5M+66.0% | -$57.2M-6439.9% | $903K+103.9% | -$23.3M-867.2% | -$2.4M+93.0% | -$34.5M-244.5% | $23.9M+449.9% | $4.3M |
| Investing Cash Flow | $2.2M-99.1% | $237.4M+3644.6% | $6.3M-96.0% | $157.1M+3047.7% | -$5.3M-471.2% | $1.4M+117.2% | -$8.3M+6.0% | -$8.9M |
| Financing Cash Flow | $18.2M+109.8% | -$186.6M-3764.1% | -$4.8M+97.2% | -$173.0M-1244.6% | $15.1M-18.0% | $18.4M+159.6% | -$30.9M-335.0% | -$7.1M |
| Dividends Paid | $8.1M-14.9% | $9.5M+18.1% | $8.0M+4.2% | $7.7M-1.5% | $7.8M-15.4% | $9.2M+25.7% | $7.3M-0.4% | $7.4M |
| Share Buybacks | $535K-89.6% | $5.2M+4770.8% | $106K-98.6% | $7.7M+4996.7% | $151K-96.5% | $4.3M+8624.5% | $49K-98.5% | $3.3M |
MATW Financial Ratios
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 39.4%+4.4pp | 35.0%-1.3pp | 36.3%+1.4pp | 34.9%+1.2pp | 33.7%+2.4pp | 31.3%+5.0pp | 26.3%-4.5pp | 30.8% |
| Operating Margin | -1.2%-35.5pp | 34.3%+37.8pp | -3.6%-25.1pp | 21.5%+20.1pp | 1.4%-0.0pp | 1.4%+12.6pp | -11.1%-12.7pp | 1.6% |
| Net Margin | -8.4%-23.8pp | 15.3%+23.9pp | -8.6%-13.0pp | 4.4%+6.5pp | -2.1%-1.2pp | -0.9%+14.4pp | -15.3%-15.7pp | 0.4% |
| Return on Equity | -4.3%-12.3pp | 8.0%+13.7pp | -5.7%-8.7pp | 3.0%+5.2pp | -2.2%-1.3pp | -0.8%+14.8pp | -15.6%-15.9pp | 0.4% |
| Return on Assets | -1.4%-4.2pp | 2.8%+4.4pp | -1.6%-2.5pp | 0.9%+1.4pp | -0.5%-0.3pp | -0.2%+3.5pp | -3.7%-3.8pp | 0.1% |
| Current Ratio | 1.64+0.1 | 1.51+0.0 | 1.48-0.2 | 1.66+0.1 | 1.59+0.0 | 1.58+0.1 | 1.45-0.2 | 1.66 |
| Debt-to-Equity | 1.12+0.1 | 0.98-0.5 | 1.46+0.1 | 1.35-0.6 | 2.00+0.1 | 1.94+0.2 | 1.76+0.1 | 1.64 |
| FCF Margin | -7.5%+12.6pp | -20.1%-20.4pp | 0.3%+6.9pp | -6.7%-6.1pp | -0.6%+8.0pp | -8.6%-13.9pp | 5.3%+4.3pp | 1.0% |
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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 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 return on equity (ROE)?
Matthews Intl Corp (MATW) has a return on equity of -5.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
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.
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 2.03, 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 to 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 28 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.