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Matthews International Corp (MATW) stock

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NASDAQ: MATW Nasdaq Industrial Conglomerates Next results ~November 19, 2026

D Fundamentals grade

Matthews International Corp is a US-listed company in the industrial conglomerates industry. Its financial year ends in September.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$19

Growth cash-flow model

Base case. Range ~$8.8–$25. Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability.

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Matthews International Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders3 buying, 0 selling7 purchases and 0 sales by directors and officers, last 12 monthsInsider trades
  • Funds80 adding, 66 cuttingOf 18 active managers that changed their stake, 7 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Matthews International files

Where Matthews International stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $1.11bn, down 31.8% on a year earlier, a steeper fall than the 28.9% decline a quarter earlier. That puts it 1439 of 1447 for growth among all the companies we cover. Free-cash-flow margin fell to -7.4% from -2.2% a year earlier. Operating margin widened to 6.3% from 2.3%. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 7 financial-health checks. Our price-to-sales vs peers value is $9.81 a share, against a share price of $19.12.

Source: 10-Q filed August 7, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 19, 2026 (estimated)

Matthews International Corp's trailing-twelve-month revenue fell 31.8% year on year, with a free-cash-flow margin of -7.4%. Where it lags: revenue growth of -31.8% ranks 5 of 5 industrial conglomerates companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 125.4% while net income grew 54.9%: a 180pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Margins widening. Operating margin is up 4.0 points on a year ago.

Things to watch

  • Revenue shrinking. Revenue fell 31.8% over the last 12 months.
  • Burning cash. Free cash flow was -7.4% of revenue over the last 12 months.
  • Growth easing. The growth rate is 2.9 points lower than a quarter earlier.
  • Heavily shorted. 21.3% of the shares available to trade are sold short (4.2 days of average volume to cover).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 36.6% over 90 days.

Latest results: FY2026 Q3

Filed August 7, 2026
Earnings per share
$0.06 against an average estimate of $0.41: missed by 85.4%
Revenue
$246m, down 29.6% on a year earlier
Share reaction
-16.0% in the first session after the results on August 7, 2026, against +0.6% for the S&P 500
Guidance given
adjusted EBITDA $158m to $162m (fiscal 2026)
Next report
November 19, 2026; average EPS estimate $0.27

Matthews International's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+3.2%
  • 1 week+4.5%
  • 1 month+3.2%
  • This year-21.5%
  • 1 year-11.6%
  • 5 years-38.7%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.1B
Operating margin
6.3%
Net margin
-2.6%
EPS (TTM, diluted)
$-0.94

Growth

Revenue growth
−31.8%
Change in growth rate
−2.9 pts
Share count change
+0.8%

Cash

Free cash flow (TTM)
-$82M
FCF margin
-7.4%
Stock pay % of revenue
1.6%

Earnings

Last results
August 7, 2026
Next results (est.)
November 20, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Leadership
  3. Agreement
  4. Leadership
  5. Results
  6. Guidance
  7. Results
  8. Leadership
  9. Announcement
  10. Dividend

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Matthews International Corp valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Our value per share comes from a discounted-cash-flow model of Matthews International Corp's free cash flow after stock-based pay ( $19.9M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Matthews International Corp as an operating company, with every model that fits that kind of business. Cost of equity 8.9%: the 10-year Treasury yield (4.9%) plus a beta of 0.88 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$19 ~$8.8–$25 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: fewer than 5 peers with a usable multiple
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: fewer than 5 peers with a usable multiple
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$19 ~$8.8–$25 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Matthews International Corp with Industrial Conglomerates in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$46.58$48.20$39.39$28.38$18.48$29.40$19.53$34.77$21.40$23.33$19.90
Market value$1.5bn$1.6bn$1.3bn$891m$576m$941m$613m$1.1bn$662m$726m$622m
+ Net debt (− = net cash)$817m$854m$919m$905m$793m$715m$730m$748m$736m$678m$530m
Enterprise value$2.3bn$2.4bn$2.2bn$1.8bn$1.4bn$1.7bn$1.3bn$1.8bn$1.4bn$1.4bn$1.2bn
Multiples
Price / sales 1.0x1.0x0.8x0.6x0.4x0.6x0.3x0.6x0.4x0.5x0.6x
Price / earnings 23.0x21.1x11.7x——n/m—27.7x———
Price / free cash flow 15.5x15.0x12.0x9.5x4.0x7.3x9.3x37.6x19.4x——
EV / EBITDA 12.7x12.8x10.1x17.8x25.0x9.4x22.3x9.9x16.9x9.5x9.5x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

33 /100

Weak moat

How hard Matthews International's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -0.3% of total assets over 10 years.

  • Pricing power 11 / 20

    Gross margin has been a median 33.5%, moving by 2.7 percentage points (standard deviation) across 10 years.

  • Durability 0 / 20

    Operating margin has been a median 3.4%; its worst year was -9.7%.

  • Cash conversion 10 / 20

    Free cash flow was positive in 7 of 10 years, at a median 5.5% of revenue.

  • Discipline 17 / 20

    The diluted share count fell 1.7% over five years; stock-based pay has been a median 0.9% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (38 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 19, 2026, after the close. Analysts expect revenue of $253m and EPS of $0.27 (range $0.24 to $0.31) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.51 −59% $1.0bn −30%
Next $0.78 +53% $1.0bn −2%

Next year's EPS estimate has moved −36.6% in 90 days, across 3 analysts.

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.41 $0.06 −85.4%
Mar 2026 $0.15 $0.37 +146.7%
Dec 2025 $0.04 −$0.19 −522.2%
Sept 2025 $0.20 $0.50 +150.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 7, 2026
  • adjusted EBITDA fiscal 2026 $158m to $162m Non-GAAP Lowered
    “we are reducing our previous earnings guidance for adjusted EBITDA to be in the range of $158 million to $162 million (which includes our estimated 40% share of Propelis adjusted EBITDA) for fiscal 2026.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Matthews International Corp's revenue by -2.7% next year and +2.6% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (-7.1%, weight 60%) and the company's own record (+4.0%, weight 40%) . How the weights are set.

Analyst recommendations

3 analysts, Oct 2026
Buy267%
Hold133%
Sell00%

Monthly trend

  1. Oct 20261113
  2. Sep 20261113

Counts of recommendations published by analysts covering Matthews International Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
21.3%
of tradable shares
Days to cover
4.18
at average volume
Short interest, 1 month
+15%
to September 30, 2026
Held by institutions
—
of shares
Held by insiders
4.9%
of shares
Employees
4,300
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −11.6%

$22.51 on October 31, 2025 to $19.90

ThenNowEffect
Revenue (last 12 months) $1.6bn $1.1bn −31.8%
P/S multiple 0.4x 0.6x +30.8%
Share count 31m 31m −0.8%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

Last 3 years −38.5%

$32.37 on November 3, 2023 to $19.90

ThenNowEffect
Revenue (last 12 months) $1.9bn $1.1bn −40.3%
P/S multiple 0.5x 0.6x +4.0%
Share count 31m 31m −0.9%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
MATW+28%−15%+23%−22%−2%−22%
Industry peers (median)+13%−13%0%+8%+8%+13%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
MATW58%25%58%42%50%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
MATW−25%−39%−29%−40%−39%−35%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 75% from January 4, 2017 to June 25, 2020. Getting back needed a 304% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$18.58 – $28.54
From 52-week high
−30.3%
vs 50-day average
+0.7%
vs 200-day average
−18.4%
Volatility (1 year)
34%
Beta vs S&P 500
0.50

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±7.5%
After a week
7 up, 5 down
typical move ±6.4%
After a month
7 up, 5 down
typical move ±10.0%
Results releasedNext dayS&P 500 next day5 days21 days
August 7, 2026 −16.0% +0.6% −15.0% −25.5%
May 1, 2026 −4.0% −0.1% −1.4% −7.7%
February 4, 2026 −0.2% −1.7% +0.3% −2.0%
November 21, 2025 −1.8% +2.5% +0.4% +6.4%
November 13, 2025 +6.5% −1.7% +4.0% +14.4%
August 6, 2025 −1.4% +0.7% +6.5% +4.6%
May 1, 2025 −3.1% +2.2% −3.0% +5.3%
February 7, 2025 −15.1% −0.2% −11.9% −21.2%
November 22, 2024 +23.7% +0.7% +18.6% +10.1%
August 2, 2024 −9.3% −4.7% −6.1% −12.0%
May 3, 2024 +3.8% +2.3% +7.3% +4.1%
February 8, 2024 +4.5% +0.6% +2.6% +6.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Revenue (TTM) Matthews International Corp
$1B $1.2B $1.4B $1.6B $1.8B $2B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $1.9B Revenue (TTM), FY24 Q1: $1.9B Revenue (TTM), FY24 Q2: $1.9B Revenue (TTM), FY24 Q3: $1.8B Revenue (TTM), FY24 Q4: $1.8B Revenue (TTM), FY25 Q1: $1.7B Revenue (TTM), FY25 Q2: $1.7B Revenue (TTM), FY25 Q3: $1.6B Revenue (TTM), FY25 Q4: $1.5B Revenue (TTM), FY26 Q1: $1.4B Revenue (TTM), FY26 Q2: $1.2B Revenue (TTM), FY26 Q3: $1.1B $1.1B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $1.9B
FY24 Q1 $1.9B
FY24 Q2 $1.9B
FY24 Q3 $1.8B
FY24 Q4 $1.8B
FY25 Q1 $1.7B
FY25 Q2 $1.7B
FY25 Q3 $1.6B
FY25 Q4 $1.5B
FY26 Q1 $1.4B
FY26 Q2 $1.2B
FY26 Q3 $1.1B
Revenue growth, TTM YoY Matthews International Corp
-40% -30% -20% -10% 0% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 6.7% Revenue growth, TTM YoY, FY24 Q1: 6.1% Revenue growth, TTM YoY, FY24 Q2: 3.6% Revenue growth, TTM YoY, FY24 Q3: -1.5% Revenue growth, TTM YoY, FY24 Q4: -4.5% Revenue growth, TTM YoY, FY25 Q1: -7.1% Revenue growth, TTM YoY, FY25 Q2: -9.0% Revenue growth, TTM YoY, FY25 Q3: -11.1% Revenue growth, TTM YoY, FY25 Q4: -16.6% Revenue growth, TTM YoY, FY26 Q1: -21.0% Revenue growth, TTM YoY, FY26 Q2: -28.9% Revenue growth, TTM YoY, FY26 Q3: -31.8% -31.8%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 6.7%
FY24 Q1 6.1%
FY24 Q2 3.6%
FY24 Q3 -1.5%
FY24 Q4 -4.5%
FY25 Q1 -7.1%
FY25 Q2 -9.0%
FY25 Q3 -11.1%
FY25 Q4 -16.6%
FY26 Q1 -21.0%
FY26 Q2 -28.9%
FY26 Q3 -31.8%
Operating margin (TTM) Matthews International Corp
-5% 0% 5% 10% 15% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 4.7% Operating margin (TTM), FY24 Q1: 4.3% Operating margin (TTM), FY24 Q2: 4.2% Operating margin (TTM), FY24 Q3: 3.5% Operating margin (TTM), FY24 Q4: -0.7% Operating margin (TTM), FY25 Q1: -0.9% Operating margin (TTM), FY25 Q2: -1.8% Operating margin (TTM), FY25 Q3: 2.3% Operating margin (TTM), FY25 Q4: 5.0% Operating margin (TTM), FY26 Q1: 12.1% Operating margin (TTM), FY26 Q2: 13.1% Operating margin (TTM), FY26 Q3: 6.3% 6.3%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 4.7%
FY24 Q1 4.3%
FY24 Q2 4.2%
FY24 Q3 3.5%
FY24 Q4 -0.7%
FY25 Q1 -0.9%
FY25 Q2 -1.8%
FY25 Q3 2.3%
FY25 Q4 5.0%
FY26 Q1 12.1%
FY26 Q2 13.1%
FY26 Q3 6.3%
FCF margin (TTM) Matthews International Corp
-10% -5% 0% 5% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 1.5% FCF margin (TTM), FY24 Q1: 1.9% FCF margin (TTM), FY24 Q2: 0.7% FCF margin (TTM), FY24 Q3: -0.0% FCF margin (TTM), FY24 Q4: 1.9% FCF margin (TTM), FY25 Q1: 2.3% FCF margin (TTM), FY25 Q2: -0.5% FCF margin (TTM), FY25 Q3: -2.2% FCF margin (TTM), FY25 Q4: -4.0% FCF margin (TTM), FY26 Q1: -5.9% FCF margin (TTM), FY26 Q2: -8.2% FCF margin (TTM), FY26 Q3: -7.4% -7.4%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 1.5%
FY24 Q1 1.9%
FY24 Q2 0.7%
FY24 Q3 -0.0%
FY24 Q4 1.9%
FY25 Q1 2.3%
FY25 Q2 -0.5%
FY25 Q3 -2.2%
FY25 Q4 -4.0%
FY26 Q1 -5.9%
FY26 Q2 -8.2%
FY26 Q3 -7.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Sept 2009 2010 Sept 2010 2011 Sept 2011 2012 Sept 2012 2013 Sept 2013 2014 Sept 2014 2015 Sept 2015 2016 Sept 2016 2017 Sept 2017 2018 Sept 2018 2019 Sept 2019 2020 Sept 2020 2021 Sept 2021 2022 Sept 2022 2023 Sept 2023 2024 Sept 2024 2025 Sept 2025 LTM Jun 2026
Income
Revenue 781 822 899 900 985 1,107 1,426 1,480 1,516 1,603 1,537 1,498 1,671 1,762 1,881 1,796 1,498 1,108
Gross profit 295 323 352 337 357 392 529 556 568 584 542 498 542 522 578 530 508 406
EBITDA 131 144 146 121 132 124 168 184 189 216 101 55 176 60 185 82 147 121
Operating income 101 117 119 93 95 82 105 119 121 139 10 −64 42 −44 88 −12 75 70
Net income 58 69 72 55 54 43 63 67 74 107 −38 −87 3 −100 39 −60 −24 −29
Diluted EPS $1.90 $2.31 $2.46 $1.95 $1.95 $1.49 $1.91 $2.03 $2.28 $3.37 −$1.21 −$2.79 $0.09 −$3.18 $1.26 −$1.93 −$0.79 −$0.94
Growth (year on year)
Revenue −4.6% +5.2% +9.4% +0.2% +9.4% +12.3% +28.9% +3.8% +2.4% +5.7% −4.1% −2.5% +11.5% +5.5% +6.7% −4.5% −16.6% −31.8%
EBITDA −16.8% +9.6% +1.6% −16.9% +9.1% −6.1% +34.8% +9.9% +2.7% +13.8% −53.1% −45.7% +220.0% −65.8% +207.1% −55.3% +78.5% +2.4%
Operating income −24.0% +15.4% +1.7% −21.9% +2.2% −13.8% +28.8% +13.1% +2.2% +14.2% −92.6% — — −204.5% — −114.0% — +88.4%
Net income −27.4% +19.6% +4.8% −23.6% −2.1% −21.2% +48.9% +5.2% +11.4% +44.4% −135.4% — — — — −251.8% — —
Diluted EPS −25.5% +21.6% +6.5% −20.7% 0.0% −23.6% +28.2% +6.3% +12.3% +47.8% −135.9% — — — — −253.2% — —
Margins
Gross margin 37.7% 39.3% 39.1% 37.4% 36.2% 35.5% 37.1% 37.6% 37.5% 36.5% 35.3% 33.2% 32.4% 29.6% 30.7% 29.5% 33.9% 36.6%
EBITDA margin 16.8% 17.5% 16.3% 13.5% 13.4% 11.2% 11.8% 12.4% 12.5% 13.4% 6.6% 3.7% 10.5% 3.4% 9.8% 4.6% 9.8% 10.9%
Operating margin 12.9% 14.2% 13.2% 10.3% 9.6% 7.4% 7.4% 8.0% 8.0% 8.6% 0.7% −4.3% 2.5% −2.5% 4.7% −0.7% 5.0% 6.3%
Net margin 7.4% 8.4% 8.1% 6.1% 5.5% 3.9% 4.4% 4.5% 4.9% 6.7% −2.5% −5.8% 0.2% −5.7% 2.1% −3.3% −1.6% −2.6%
Free-cash-flow margin 9.1% 10.3% 8.4% 5.6% 8.6% 5.7% 6.5% 6.7% 6.9% 6.5% 6.1% 9.7% 7.7% 3.7% 1.5% 1.9% −4.0% −7.4%
Cash flow
Cash from operations 91 106 98 83 109 92 141 140 149 148 131 180 163 127 80 79 −24 −59
Capital spending 19 21 22 33 25 29 48 42 45 43 38 35 34 61 51 45 36 23
Free cash flow 71 85 75 50 84 63 93 99 104 104 93 146 128 66 29 34 −59 −82
Stock-based pay 6 7 7 5 6 7 9 11 15 13 8 8 16 17 17 18 23 18
Free cash flow after stock pay 66 78 68 45 79 56 84 88 90 91 86 138 113 48 12 16 −82 −100
Balance sheet
Cash 59 61 53 49 48 63 72 56 58 42 35 41 49 69 42 41 32 38
Total debt 252 240 318 324 383 736 908 873 911 961 941 835 764 799 790 776 711 567
Net debt (negative = net cash) 193 179 265 275 335 673 836 817 854 919 905 793 715 730 748 736 678 530
Diluted shares 30m 30m 29m 28m 27m 28m 33m 33m 33m 32m 31m 31m 32m 31m 31m 31m 31m 31m
Returned to shareholders
Dividends 8 9 10 10 11 13 18 19 22 25 26 26 28 28 28 31 33 34
Buybacks 29 35 45 31 22 10 15 58 14 21 26 4 12 42 3 21 12 6
Total returned 37 44 54 41 33 23 32 77 36 46 52 31 40 69 31 52 45 39

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 7 checks passed · June 30, 2026
What it owns · $1.5bn
Short-term assets $484mLonger-term assets $1.0bn
What it owes, and who funded it · $1.5bn
Short-term liabilities $276mLonger-term liabilities $744mShareholders' equity $486m
  • Short-term assets cover short-term liabilities $484m of assets due within a year against $276m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $484m short-term assets against $744m of longer-dated liabilities.
  • More cash than debt $38m of cash against $567m of debt.
  • Debt below 40% of shareholders' equity Debt is 117% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 129% to 117% over five years.
  • A year's operating cash flow covers at least 20% of debt −$59m of operating cash flow against $567m of debt.
  • Operating profit covers interest at least five times over Operating income of $70m against $51m of interest.

From Matthews International Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$5.9M
Dividends (TTM)
$33.6M
Returned to shareholders
-48%
of free cash flow
Buybacks, last 3 fiscal years
$35.7M
Diluted share count
+0.8%
year over year
Total shareholder yield
6.3%
dividends 5.4% + buybacks 0.9% of market value
Days sales outstanding
35 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in industrial conglomerates
Last 12 months unless stated MATW CODI LGPS IEP MMM Median
Revenue, last 12 months $1.1bn $1.8bn $148m $10.6bn $25.2bn $1.8bn
Revenue growth, last 12 months −31.8% −4.8% 8.9% 10.6% 1.7% 1.7%
Revenue growth, 3-year average −15.8% 1.0% — −3.6% 10.7% −1.3%
Revenue growth, latest quarter −29.6% −11.4% — 25.6% 1.0% −5.2%
Gross margin 36.6% 44.6% 19.8% 16.8% 39.5% 36.6%
Operating margin 6.3% 3.5% 7.1% — 18.8% 6.7%
Operating margin, 3-year average 4.0% −1.2% — — 19.1% 4.0%
Net margin −2.6% −5.3% 3.4% −5.0% 14.0% −2.6%
Cash from operations / revenue −5.3% 6.2% −9.9% 1.0% 14.4% 1.0%
Free-cash-flow margin −7.4% 4.4% −17.3% −2.3% 10.6% −2.3%
Free-cash-flow margin, 3-year average −3.2% −4.4% — 5.7% 6.7% 1.3%
Stock pay / revenue 1.6% — 0.1% — 0.8% 0.8%
Change in share count 0.8% −0.2% 9.0% 9.7% −2.6% 0.8%

Median of all 5 companies we cover in industrial conglomerates. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

5 industrial conglomerates companies
Measure Company Peer median Rank
Revenue growth Growth -31.8% 1.7% 5 of 5
Change in growth rate Growth -2.9pp -2.9pp 3 of 5
Net margin Profitability -2.6% -2.6% 3 of 5
Free-cash-flow margin Cash generation -7.4% -2.3% 4 of 5

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to September 30, 2025
Segments
Line of business Revenue Share YoY
Memorialization $810M 54.1% ▼ 2.4%
Br and Solutions $346M 23.1% ▼ 35.1%
Industrial Technologies $342M 22.9% ▼ 21.0%
Geography
Region Revenue Share YoY
North America $1.1B 71.4% ▼ 9.5%
Europe $357M 23.8% ▼ 31.6%
Asia $50M 3.3% ▼ 24.3%
Australia $17.5M 1.2% ▼ 10.6%
Central and South America $3.1M 0.2% ▼ 43.4%

From Matthews International Corp's 10-K filed November 21, 2025, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$808M
Institutions reporting
176
Shares held vs prior quarter
▲ 1.5%
Positions opened / closed
24 / 15

Top buyers and sellers, Q2 2026: 80 institutions bought and 66 sold ; the biggest buyer was Oaktree Capital Management LP (+1.9M shares) and the biggest seller Simcoe Capital Management, LLC (−706K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $124M 4.6M 15.3% ▲ 3.0%
Oaktree Capital Management LP $51.8M 1.9M 6.4% New
Ameriprise Financial Inc $51.8M 1.9M 6.4% ▲ 8.3%
Dimensional Fund Advisors LP $46.8M 1.7M 5.8% ▲ 7.6%
GAMCO Investors, Inc. Et Al $40.7M 1.5M 5.0% ▼ 1.7%
Phoenix Financial Ltd. $39.4M 1.5M 4.9% 0.0%
Vanguard Capital Management LLC $35.8M 1.3M 4.4% ▲ 2.7%
State Street Corp $34.3M 1.3M 4.2% ▲ 4.0%
Vanguard Portfolio Management LLC $33.6M 1.2M 4.2% ▼ 30.3%
Private Capital Management, LLC $32.4M 1.2M 4.0% ▲ 5.0%
Allspring Global Investments Holdings, LLC $29.3M 1.1M 3.6% ▼ 0.3%
Barington Companies Management, LLC $22.7M 845K 2.8% ▼ 8.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Matthews International Corp's complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $318,112 7 trades by 3 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $318,112 net buying
Insider Date Trade Shares Price Value
Nauman J Michael Director September 11, 2026 Buy 1,000 $19.99 $19,990
Nauman J Michael Director August 24, 2026 Buy 1,000 $21.08 $21,080
Nauman J Michael Director August 20, 2026 Buy 1,900 $21.96 $41,724
Nauman J Michael Director August 19, 2026 Buy 100 $21.98 $2,198
Richards Aleta W. Director August 14, 2026 Buy 3,000 $23.06 $69,180
Schawk David A Director August 10, 2026 Buy 5,000 $23.60 $118,000
Nauman J Michael Director August 10, 2026 Buy 2,000 $22.97 $45,940

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 20, 2026 estimated from the company's past filing pattern, not announced

  • August 7, 2026
  • May 1, 2026
  • February 4, 2026
  • November 21, 2025
  • November 13, 2025
  • August 6, 2025

Recent SEC filings

Data status

When each part of this page on Matthews International Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Matthews International Corp in brief

What does Matthews International Corp do?
Matthews International Corp is a US-listed company in the industrial conglomerates industry. Its financial year ends in September.
What is Matthews International Corp's stock ticker?
Matthews International Corp trades under the ticker MATW on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Matthews International Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Matthews International Corp reported revenue of $1.1B, 31.8% lower than a year earlier, according to its SEC filings.
What is Matthews International Corp's free cash flow?
Matthews International Corp's free-cash-flow margin is -7.4% of revenue over the trailing twelve months, ranking 4 of the 5 industrial conglomerates companies we cover.
Who are Matthews International Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Oaktree Capital Management LP and Ameriprise Financial Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Matthews International Corp buying back stock, and does it pay a dividend?
Matthews International Corp spent $5.9M on share repurchases over the trailing twelve months, and its diluted share count still rose 0.8% over the year.
What is Matthews International Corp's market cap?
On November 2, 2026, Matthews International Corp's market capitalisation was about $622M and net debt of $530M. Market figures come from third-party market data and may be delayed.
Does Matthews International Corp pay a dividend?
Yes: Matthews International Corp paid $33.6M in dividends over the trailing twelve months, a dividend yield of 5.37%.
How much debt does Matthews International Corp have?
Matthews International Corp's debt-to-equity ratio is 116.7%, from its latest balance sheet (129.0% five years earlier). The financial health section below sets out its other solvency checks.
Who are Matthews International Corp's competitors?
In our Industrial Conglomerates peer group, the companies closest to Matthews International Corp are Compass Diversified Holdings, Logprostyle Inc., Icahn Enterprises L.p. and 3M. The side-by-side comparison below sets their revenue, margins and growth against Matthews International Corp's.
Are insiders buying or selling Matthews International Corp stock?
Over the last 12 months, Matthews International Corp's directors and officers reported 7 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
When is Matthews International Corp's next earnings date?
Around November 19, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Matthews International Corp announces its own schedule.