Matthews International Corporation MATW R2K

Industrials · Conglomerates · United States

https://www.matw.com

Matthews International Corporation provides brand solutions, memorialization products, and industrial technologies worldwide. It operates through three segments: Memorialization, Industrial Technologies, and Brand Solutions. The Memorialization segment provides bronze and granite memorials, upright granite memorials and monuments, concrete burial vaults, cremation memorialization products, granite benches, flower vases, crypt plates and letters, cremation urns, niche units, cemetery features, and statues, as well as bronze plaques, letters, emblems, vases, lights and photo ceramics, granite monuments, mausoleums, crypts, and flush memorials. The Industrial Technologies segment designs, manufactures, services, and distributes high-tech custom energy storage solutions, and product identification and warehouse automation technologies and solutions, including order fulfillment systems for identifying, tracking, picking, and conveying consumer and industrial products. This segment also provides engineered calendaring, laminating, and coating equipment; stand-alone marking products; laser and ink-jet printing systems; and spare parts, calendar, and coating-roller refurbishing and retrofits. The Brand solutions segment provides brand management, pre-media services, printing plates and cylinders, imaging services, digital asset management, merchandising display systems, and marketing and design services for the consumer goods and retail industries. The company was founded in 1850 and is based in Pittsburgh, Pennsylvania.

Market & Price

Market Cap

$828.11M

Current Price

$26.54

High / Low (52W)

$28.35 / $20.21

Beta

1.12

Valuation

Stock P/E

88.47

Industry PE

28.38

Forward P/E

21.49

PEG Ratio

1.86

Book Value

$16.42

Price to Book

1.62

P/S

0.68

EV/EBITDA

19.40

Dividend Yield

3.84%

Profitability & Returns

ROCE

5.89%

ROE

2.11%

ROA

0.69%

Profit Margin

0.80%

Op Margin

0.57%

EPS (Latest Qtr)

$-0.69

EPS (TTM)

$0.30

Balance Sheet & Liquidity

Debt/Equity

1.24

Quick Ratio

0.82

Current Ratio

1.64

Debt

$636.67M

Total Assets

$1.69B

Current Assets

$520.17M

Working Capital

$169.69M

Ownership

Promoter Holding

4.77%

Chg in Prom Hold

FII / Inst Holding

96.30%

Chg in FII Hold

-0.00%

Financial Snapshot

Enterprise Value

$1.43B

Total Revenue (TTM)

$1.21B

EBITDA

$73.63M

Free Cash Flow

$80.12M

Operating Cash Flow

$-72.30M

Shares Outstanding

31.20M

Gross Margin

37.08%

Payout Ratio

336.67%

Growth (CAGR)

Revenue 5Y

-5.28%

Profit 5Y

25.16%

Revenue (YoY)

-39.50%

Earnings (YoY)

PROS

Profit CAGR of 25.2% over 5 years.
Attractive dividend yield of 3.84%.
Generates positive free cash flow.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Trading at a high P/E of 88.5.
Revenue declined at -5.3% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	MATW Matthews International Corporation R2K	26.54	88.47	$828.11M	3.84%	5.89%	2.11%	-5.28%	25.16%
2	CAT Caterpillar Inc. SPX	875.87	43.66	$403.42B	0.69%	19.42%	51.33%	4.38%	9.83%
3	GE GE Aerospace SPX	323.76	40.17	$338.27B	0.58%	11.89%	45.43%	16.32%	195.89%
4	GEV GE Vernova Inc. SPXAI	968.32	28.33	$260.21B	0.21%	6.30%	75.71%	8.68%	92.84%
5	RTX RTX Corporation SPX	179.66	33.64	$241.95B	1.54%	9.41%	11.57%	9.72%	9.01%
6	UNP Union Pacific Corporation SPX	262.64	21.60	$155.93B	2.10%	16.19%	40.69%	-0.49%	0.66%
7	ETN Eaton Corporation plc SPXAI	400.60	39.20	$155.55B	1.10%	16.23%	20.84%	9.77%	18.41%
8	HON Honeywell International Inc. NDXSPX	237.86	38.00	$150.72B	2.00%	13.57%	24.26%	1.82%	-1.62%
9	DE Deere & Company SPX	542.18	30.67	$146.45B	1.20%	12.82%	18.35%	-4.50%	-11.00%

Quarterly Results

Figures in USD.

Metric	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Dec 2021	Mar 2022	Jun 2022	Dec 2022	Mar 2023	Jun 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	-	369.45M	414.06M	411.62M	407.44M	374.18M	391.40M	379.29M	392.40M	364.94M	374.80M	359.42M	399.14M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	427.63M	349.38M	318.84M	284.76M	258.62M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	283.52M	227.42M	203.01M	185.09M	156.63M
Gross Profit	141.57M	126.57M	137.76M	145.30M	146.83M	127.27M	138.42M	144.09M	153.60M	131.41M	150.68M	152.62M	149.51M	126.41M	136.28M	137.18M	142.60M	115.73M	124.76M	120.95M	136.32M	125.50M	141.01M	137.26M	131.64M	124.52M	120.86M	138.93M	149.62M	138.31M	132.35M	148.18M	131.84M	-	-	144.11M	121.96M	115.83M	99.67M	101.98M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	136.09M	103.87M	125.23M	115.36M	101.21M
Operating Income	32.76M	12.04M	26.43M	40.67M	39.67M	19.06M	26.83M	36.79M	29.93M	19.35M	31.22M	39.32M	48.67M	16.17M	24.26M	29.69M	-59.82M	-4.94M	-85.10M	5.25M	20.60M	10.37M	14.97M	9.27M	10.78M	7.37M	10.96M	17.23M	23.05M	21.52M	9.43M	21.33M	6.70M	-	-	8.02M	18.09M	-9.40M	-15.69M	770.00K
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22.45M	90.53M	5.51M	111.75M	-6.50M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15.87M	15.83M	15.52M	14.63M	10.04M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-11.64M	58.86M	-25.18M	84.42M	-28.05M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2.73M	43.48M	2.29M	40.79M	-6.22M
Net Income	16.97M	4.61M	14.36M	23.91M	23.86M	10.32M	14.92M	29.48M	19.64M	35.18M	18.18M	24.41M	29.59M	3.10M	15.42M	14.63M	-71.13M	-10.47M	-86.36M	2.27M	7.41M	-1.76M	4.99M	3.35M	-19.80M	-1.91M	2.89M	3.70M	9.13M	8.74M	-2.30M	9.03M	1.78M	-	-	-8.92M	15.39M	-27.47M	43.63M	-21.83M
Diluted EPS	0.51	0.14	0.43	0.73	0.74	0.32	0.46	0.91	0.60	1.10	0.57	0.77	0.93	0.10	0.48	0.46	-2.28	-0.34	-2.77	0.07	0.24	-0.06	0.16	0.10	-0.62	-0.06	0.09	0.12	0.29	0.28	-0.07	0.29	0.06	-	-	-0.29	0.49	-0.89	1.39	-0.69

Profit & Loss (Annual)

Figures in USD.

Metric	Sep 2008	Sep 2009	Sep 2010	Sep 2011	Sep 2012	Sep 2013	Sep 2014	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Revenue	-	-	-	-	-	-	-	-	-	1.52B	1.60B	1.54B	1.50B	-	1.76B	1.88B	1.80B	1.50B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.24B	1.30B	1.27B	990.10M
Gross Profit	322.96M	294.78M	323.39M	351.66M	336.57M	356.52M	392.50M	529.38M	556.45M	567.79M	584.22M	542.47M	497.77M	-	522.28M	577.67M	529.71M	507.59M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	483.76M	489.56M	525.30M	487.28M
Operating Income	132.95M	101.01M	116.58M	118.52M	93.58M	94.61M	81.52M	105.02M	118.81M	121.38M	138.56M	10.30M	-64.19M	-	38.52M	88.12M	4.40M	20.31M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27.56M	182.09M	75.65M	150.85M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27.73M	44.65M	50.53M	62.90M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-104.22M	40.91M	-69.66M	16.21M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4.39M	1.77M	-10.00M	40.68M
Net Income	79.48M	57.73M	69.06M	72.37M	55.84M	54.12M	42.62M	63.45M	66.75M	74.37M	107.37M	-37.99M	-87.16M	-	-99.77M	39.29M	-59.66M	-24.47M
Diluted EPS	2.55	1.90	2.31	2.46	1.98	1.95	1.49	1.91	2.03	2.28	3.37	-1.21	-2.79	-	-3.29	1.26	-1.95	-0.79
R&D Expense	-	2.20M	1.91M	1.71M	9.27M	11.45M	7.81M	13.03M	16.36M	20.72M	24.98M	15.04M	13.36M	13.21M	15.54M	15.56M	15.96M	16.73M

Compounded Sales Growth

5 Years:	-5.28%
1 Year:	-39.50%

Compounded Profit Growth

5 Years:	25.16%
1 Year:	-

Stock Price Performance

1 Year:	+28.73%
6 Months:	+8.46%
3 Months:	+1.33%
1 Month:	-3.59%

Balance Sheet (Annual)

Figures in USD.

Metric	Sep 2007	Sep 2008	Sep 2009	Sep 2010	Sep 2011	Sep 2012	Sep 2013	Sep 2014	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Total Assets	-	-	949.65M	993.83M	1.10B	1.13B	1.22B	2.14B	2.14B	2.09B	2.24B	2.36B	2.19B	2.07B	-	1.88B	1.89B	1.83B	1.69B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	628.62M	648.26M	632.54M	520.17M
Cash & Equivalents	44.00M	50.67M	59.13M	61.11M	61.66M	48.63M	48.08M	63.00M	72.20M	55.71M	57.52M	41.57M	35.30M	41.33M	-	69.02M	42.10M	40.82M	32.43M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	225.44M	260.41M	237.89M	202.83M
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	221.01M	207.53M	205.98M	132.94M
Total Liabilities	-	-	483.64M	500.10M	619.20M	637.13M	662.97M	1.25B	1.41B	1.38B	1.45B	1.49B	1.47B	1.46B	-	1.40B	1.36B	1.40B	1.21B
Current Liabilities	-	-	132.34M	148.11M	161.74M	180.87M	187.78M	253.28M	248.74M	259.35M	285.13M	286.40M	279.88M	316.87M	-	411.38M	394.60M	434.77M	350.48M
Long Term Debt	-	-	237.53M	225.26M	299.17M	298.15M	351.07M	714.03M	891.22M	844.81M	881.60M	929.34M	898.19M	807.71M	-	795.29M	786.48M	769.61M	703.60M
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	872.88M	864.35M	839.16M	764.12M
Total Equity	-	-	434.22M	461.94M	464.64M	477.82M	549.47M	771.14M	730.82M	708.66M	789.71M	868.35M	718.11M	610.81M	-	487.35M	525.67M	437.16M	480.94M
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36.33M	36.33M	36.33M	30.80M

Cash Flows (Annual)

Figures in USD.

Metric	Sep 2008	Sep 2009	Sep 2010	Sep 2011	Sep 2012	Sep 2013	Sep 2014	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Operating Cash Flow	104.54M	90.86M	106.49M	97.83M	83.33M	109.33M	92.40M	-	-	149.30M	147.57M	131.08M	180.45M	-	126.86M	79.52M	79.28M	-23.55M
Investing Cash Flow	-108.72M	-32.69M	-54.25M	-106.82M	-45.27M	-98.63M	-411.08M	-	-	-141.62M	-162.34M	-60.76M	-2.72M	-	-80.85M	-58.73M	-46.97M	159.59M
Financing Cash Flow	13.12M	-53.60M	-51.49M	10.40M	-40.97M	-10.82M	338.06M	-	-	-7.18M	901.00K	-75.04M	-172.25M	-	-37.21M	-50.20M	-35.04M	-144.27M
Capital Expenditure	-12.05M	-19.41M	-21.44M	-22.44M	-33.24M	-24.92M	-29.24M	-48.25M	-41.68M	-44.94M	-43.20M	-37.69M	-34.85M	-	-61.32M	-50.60M	-45.22M	-35.82M
Free Cash Flow	92.49M	71.45M	85.05M	75.39M	50.09M	84.40M	63.16M	-	-	104.36M	104.37M	93.39M	145.60M	-	65.54M	28.93M	34.06M	-59.37M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8.79M	-29.40M	-2.73M	-8.23M
Share Buybacks	43.27M	28.76M	35.30M	44.57M	31.02M	21.62M	9.90M	14.57M	58.00M	14.03M	21.18M	26.13M	4.43M	11.86M	41.72M	2.86M	20.57M	12.23M

Ratios (Annual)

Figures in %.

Metric	Sep 2008	Sep 2009	Sep 2010	Sep 2011	Sep 2012	Sep 2013	Sep 2014	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	37.5%	36.5%	35.3%	33.2%	-	29.6%	30.7%	29.5%	33.9%
Operating Margin %	-	-	-	-	-	-	-	-	-	8.0%	8.6%	0.7%	-4.3%	-	2.2%	4.7%	0.2%	1.4%
Net Margin %	-	-	-	-	-	-	-	-	-	4.9%	6.7%	-2.5%	-5.8%	-	-5.7%	2.1%	-3.3%	-1.6%
ROE %	-	13.3%	14.9%	15.6%	11.7%	9.8%	5.5%	8.7%	9.4%	9.4%	12.4%	-5.3%	-14.3%	-	-20.5%	7.5%	-13.6%	-5.1%
ROCE %	-	12.4%	13.8%	12.7%	9.9%	9.2%	4.3%	5.5%	6.5%	6.2%	6.7%	0.5%	-3.7%	-	2.6%	5.9%	0.3%	1.5%

Shareholding Pattern

Insiders

4.77%

Institutions

96.30%

Public Float

101.13%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	14.28%	4.45M	$118.22M
2	Vanguard Portfolio Management LLC	5.74%	1.79M	$47.56M
3	Ameriprise Financial, Inc.	5.69%	1.78M	$47.12M
4	Dimensional Fund Advisors LP	5.17%	1.61M	$42.84M
5	Gamco Investors, Inc ET AL	4.93%	1.54M	$40.80M
6	Phoenix Financial Ltd.	4.70%	1.47M	$38.89M
7	Vanguard Capital Management LLC	4.15%	1.29M	$34.36M
8	State Street Corporation	3.93%	1.23M	$32.53M
9	Private Capital Management, LLC	3.67%	1.14M	$30.38M
10	Allspring Global Investments Holdings, LLC	3.53%	1.10M	$29.22M

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