Matthews International Corp (MATW)

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.

Ticker
MATW
Exchange
Nasdaq
Sector
Industrials
Industry
Conglomerates
Market cap
$603.35M
52-week range
$18.42 - $30.93

Valuation

Share price
$19.33 (close of Nov 6, 2026)
P/E (TTM)
-20.56x
Price to book
1.24x
Price to free cash flow
-7.36x
Enterprise value
$1.19B
Book value per share
$15.57

Price performance

PeriodChange
1 day-2.37%
5 days+0.26%
1 month-0.46%
3 months-30.12%
6 months-31.14%
Year to date-26.00%
1 year-16.86%
3 years-46.73%
5 years-50.88%
10 years-67.21%
All time+433.24%

Short interest

As of
Oct 15, 2026
Short % of float
22.48%
Shares short
4.97M
Days to cover
5.74
Change since prior report
+5.68%
Source
FINRA consolidated short interest

Profitability and growth

Return on equity
-5.09%
Return on invested capital
3.03%
Return on assets
-1.44%
Return on capital employed
5.61%
Gross margin
33.89%
Net margin
-1.63%
EBITDA margin
9.83%
Revenue growth
-16.60%
Free cash flow growth
-274.28%

Cash flow and balance sheet

Free cash flow yield (TTM)
-13.59%
Current ratio
1.76x
Net debt to EBITDA
5.41x

Latest reported year

Period end
Sep 30, 2025
Fiscal year
2025
Revenue
$1.50B
Cost of revenue
$990.10M
Gross profit
$507.59M
EBITDA
$147.20M
Net income
-$24.47M
Earnings per share
$-0.79
Research and development
$16.73M
Interest expense
$62.90M
Shares outstanding
31.10M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-09-30$1.50B$507.59M-$24.47M-$0.79
2024-09-30$1.80B$529.71M-$59.66M-$1.93
2023-09-30$1.88B$577.67M$39.29M$1.28
2022-09-30$1.76B$522.28M-$99.77M-$3.18
2021-09-30$1.67B$541.83M$2.91M$0.09
2020-09-30$1.50B$497.77M-$87.16M-$2.79
2019-09-30$1.54B$542.47M-$37.99M-$1.21
2018-09-30$1.60B$584.22M$107.37M$3.39
2017-09-30$1.52B$567.79M$74.37M$2.31
2016-09-30$1.48B$556.45M$66.75M$2.04

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-09-3033.89%-1.63%-5.09%3.03%
2024-09-3029.50%-3.32%-13.65%-0.48%
2023-09-3030.71%2.09%7.48%6.21%
2022-09-3029.63%-5.66%-20.48%-2.91%
2021-09-3032.43%0.17%0.46%2.39%
2020-09-3033.22%-5.82%-14.25%-2.98%
2019-09-3035.29%-2.47%-5.28%0.57%
2018-09-3036.46%6.70%12.36%7.57%
2017-09-3037.46%4.91%9.41%5.82%
2016-09-3037.59%4.51%9.41%5.67%

Cash and debt by year

Period endCashDebt
2025-09-30$32.43M$703.60M
2024-09-30$40.82M$769.61M
2023-09-30$42.10M$786.48M
2022-09-30$69.02M$795.29M
2021-09-30$49.18M$759.09M
2020-09-30$41.33M$807.71M
2019-09-30$35.30M$898.19M
2018-09-30$41.57M$929.34M
2017-09-30$57.52M$881.60M
2016-09-30$55.71M$844.81M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-09-30-$59.37M$23.07M
2024-09-30$34.06M$18.48M
2023-09-30$28.93M$17.31M
2022-09-30$65.54M$17.43M
2021-09-30$128.50M$15.58M
2020-09-30$145.60M$8.10M
2019-09-30$93.39M$7.73M
2018-09-30$104.37M$13.46M
2017-09-30$104.36M$14.56M
2016-09-30$98.59M$10.61M

Dividend history

Most recent payment
Aug 10, 2026
Paid in the last twelve months
$1.02
Payment dateDividend per share
2026-08-10$0.26
2026-05-11$0.26
2026-02-09$0.26
2025-12-01$0.26
2025-08-11$0.25
2025-05-12$0.25
2025-02-10$0.25
2024-12-02$0.25

Investor relations

Next earnings report

Next confirmed report
Nov 19, 2026
Consensus EPS estimate
$0.28

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-06Jun 2026$0.41
2026-04-30Mar 2026$0.17
2026-02-03Dec 2025$0.05
2025-11-20Sep 2025$0.22
2025-08-05Jun 2025$0.33
2025-04-30Mar 2025$0.36
2025-02-06Dec 2024$0.26
2024-11-21Sep 2024$0.41

Filings and sources

Company website
matw.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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