MATW

MKT CAP:$881M

Matthews International Corporation

Market Cap

$881M

Industrials·Conglomerates·🇺🇸 United States·NASDAQ

Industrials·Conglomerates·🇺🇸·NASDAQ

Stock Price

$28.19+$2.26 (+8.72%)

Apr 24, 2026

Company Details

Matthews International Corporation provides brand solutions, memorialization products, and industrial technologies worldwide. It operates through three segments: SGK Brand Solutions, Memorialization, and Industrial Technologies. The SGK Bra...

CEO

Joseph C. Bartolacci

IPO Date

Jul 20, 1994

Website

www.matw.com

Key Metrics TTM

Revenue

$1.4B

-21.0% YoY

Net Income

$23M

EPS (Diluted)

$0.71

Free Cash Flow

-$82M

Revenue / Share

$43.88

Gross Margin

34.0%

Operating Margin

0.4%

Net Margin

1.6%

FCF Margin

-5.9%

P/S

0.6x

P/E

38.9x

Earnings Reports

Q2 2026

Apr 29, 2026

PENDING

Q1 2026

Feb 4, 2026

$285M-29.1%EPS $1.39

FY 2025

Nov 21, 2025

$1.5B-16.6%EPS -$0.79

Q4 2025

Nov 21, 2025

$319M-28.6%EPS -$0.88

Q3 2025

Aug 6, 2025

$349M-18.3%EPS $0.49

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 20	$399M	$124M	$32M
Q3 21	$428M	$119M	$19M
Q4 21	$439M	$117M	$14M
Q1 22	$439M	$112M	$16M
Q4 22	$457M	$138M	$30M
Q2 23	$480M	$141M	$30M
Q4 23	$480M	$146M	$34M
Q1 24	$450M	$126M	$18M
Q2 24	$471M	$141M	$30M
Q3 24	$428M	$126M	$8M
Q4 24	$447M	$138M	$12M
Q1 25	$402M	$118M	$11M
Q2 25	$428M	$139M	$8M
Q3 25	$349M	$122M	$23M
Q4 25	$319M	$112M	-$9M
Q1 26	$285M	$97M	-$16M

Valuation

Quarter	P/S	P/E
Q4 20	0.6x	—
Q3 21	0.5x	—
Q4 21	0.5x	—
Q1 22	0.5x	—
Q4 22	0.5x	—
Q2 23	0.5x	—
Q4 23	0.5x	—
Q1 24	0.5x	—
Q2 24	0.5x	26.2x
Q3 24	0.5x	33.6x
Q4 24	0.5x	—
Q1 25	0.5x	—
Q2 25	0.5x	—
Q3 25	0.5x	—
Q4 25	0.6x	—
Q1 26	0.6x	38.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 20	$57M	$47M
Q3 21	$15M	$6M
Q4 21	$56M	$46M
Q1 22	-$27M	-$40M
Q4 22	$42M	$22M
Q2 23	$81M	$70M
Q4 23	$3M	-$11M
Q1 24	-$27M	-$41M
Q2 24	$57M	$47M
Q3 24	$13M	$4M
Q4 24	$36M	$24M
Q1 25	-$25M	-$35M
Q2 25	$6M	-$2M
Q3 25	-$15M	-$23M
Q4 25	$10M	$903.0K
Q1 26	-$52M	-$57M

Capital Expenditures

Quarter	CapEx
Q4 20	$9M
Q3 21	$9M
Q4 21	$10M
Q1 22	$13M
Q4 22	$21M
Q2 23	$11M
Q4 23	$13M
Q1 24	$14M
Q2 24	$10M
Q3 24	$9M
Q4 24	$12M
Q1 25	$10M
Q2 25	$9M
Q3 25	$8M
Q4 25	$9M
Q1 26	$5M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 20	+8.0%	+6.2%
Q3 21	+4.1%	+12.1%
Q4 21	+7.7%	+20.7%
Q1 22	+17.0%	+18.4%
Q4 22	+14.5%	+16.5%
Q2 23	+12.0%	+9.7%
Q4 23	+9.4%	+4.9%
Q1 24	+2.6%	+2.2%
Q2 24	+3.1%	+3.4%
Q3 24	-10.8%	-6.6%
Q4 24	-7.0%	-2.6%
Q1 25	-10.7%	-9.6%
Q2 25	-9.3%	-5.0%
Q3 25	-18.3%	-22.1%
Q4 25	-28.6%	-24.4%
Q1 26	-29.1%	-23.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 20	$1M	0.3%
Q3 21	$6M	1.3%
Q4 21	$3M	0.6%
Q1 22	$4M	0.8%
Q4 22	$3M	0.7%
Q2 23	$4M	0.9%
Q4 23	$4M	0.8%
Q1 24	$5M	1.0%
Q2 24	$4M	0.9%
Q3 24	$5M	1.2%
Q4 24	$4M	0.9%
Q1 25	$5M	1.2%
Q2 25	$6M	1.4%
Q3 25	$9M	2.5%
Q4 25	$3M	1.0%
Q1 26	$0	0.0%

OpEx Breakdown

Quarter	R&D	SG&A
Q4 20	—	$92M
Q3 21	—	$100M
Q4 21	—	$103M
Q1 22	—	$96M
Q4 22	—	$108M
Q2 23	—	$111M
Q4 23	—	$112M
Q1 24	—	$109M
Q2 24	—	$112M
Q3 24	—	$118M
Q4 24	$16M	$126M
Q1 25	—	$107M
Q2 25	—	$131M
Q3 25	—	$99M
Q4 25	$17M	$122M
Q1 26	—	$112M

Revenue Segments

Quarter	Industrial Technologies	Memorialization	SGK Brand Solutions
Q3 21	$44M	$184M	$200M
Q1 22	$74M	$211M	$154M
Q2 23	$126M	$223M	$131M
Q1 24	$111M	$208M	$131M
Q2 24	$116M	$222M	$133M
Q3 24	$92M	$203M	$133M
Q1 25	$81M	$190M	$131M
Q2 25	$81M	$206M	$141M
Q3 25	$88M	$204M	$58M
Q4 25	$93M	$210M	$16M

Revenue by Geography

Quarter	Asia	Central and South America	Europe	North America
Q1 24	$16M	$1M	$135M	$293M
Q2 24	$15M	$1M	$142M	$308M
Q3 24	$18M	$2M	$115M	$289M
Q4 24	$17M	$1M	$130M	$292M
Q1 25	$17M	$1M	$103M	$275M
Q2 25	$16M	$2M	$105M	$300M
Q3 25	$9M	$451.0K	$83M	$253M
Q4 25	$8M	—	$66M	$242M
Q1 26	$6M	—	$52M	$224M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$76M	$0	$76M
Q3 22	$66M	$0	$66M
Q4 22	$71M	$0	$71M
Q1 23	$45M	$0	$45M
Q2 23	$42M	$0	$42M
Q3 23	$39M	$0	$39M
Q4 23	$42M	$0	$42M
Q1 24	$38M	$0	$38M
Q2 24	$45M	$0	$45M
Q3 24	$43M	$0	$43M
Q4 24	$41M	$0	$41M
Q1 25	$34M	$0	$34M
Q2 25	$40M	$0	$40M
Q3 25	$20M	$0	$20M
Q4 25	$32M	$0	$32M
Q1 26	$31M	$0	$31M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 20	32M	+2.2%	-1.4%
Q3 21	32M	+1.1%	+1.3%
Q4 21	32M	-1.5%	-1.1%
Q1 22	32M	+0.0%	+1.8%
Q4 22	31M	-2.8%	-3.2%
Q2 23	31M	+1.1%	-3.1%
Q4 23	32M	+1.1%	-0.6%
Q1 24	31M	-1.9%	-2.5%
Q2 24	31M	+1.0%	+1.3%
Q3 24	31M	+0.0%	+0.2%
Q4 24	31M	-0.5%	-1.4%
Q1 25	31M	-0.5%	-0.0%
Q2 25	31M	+0.9%	-0.1%
Q3 25	31M	0.0%	-0.1%
Q4 25	31M	-0.3%	+0.1%
Q1 26	31M	+1.2%	+1.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 20	$36.3K	11K
Q3 21	$38.9K	11K
Q4 21	$39.9K	11K
Q1 22	$39.9K	11K
Q4 22	$38.1K	12K
Q2 23	$40.0K	12K
Q4 23	$40.0K	12K
Q1 24	$37.5K	12K
Q2 24	$39.3K	12K
Q3 24	$35.7K	12K
Q4 24	$40.6K	11K
Q1 25	$36.5K	11K
Q2 25	$38.9K	11K
Q3 25	$31.8K	11K
Q4 25	$31.9K	10K
Q1 26	$28.5K	10K

Revenue / Employee