Matthews International Corp income statement
In fiscal 2025, Matthews International Corp reported revenue of $1.50bn, down 16.6% on the year before, operating income of $75.5m (a 5.0% margin) and net income of −$24.5m, or −$0.79 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Sept 2009 | 2010Sept 2010 | 2011Sept 2011 | 2012Sept 2012 | 2013Sept 2013 | 2014Sept 2014 | 2015Sept 2015 | 2016Sept 2016 | 2017Sept 2017 | 2018Sept 2018 | 2019Sept 2019 | 2020Sept 2020 | 2021Sept 2021 | 2022Sept 2022 | 2023Sept 2023 | 2024Sept 2024 | 2025Sept 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Cost of revenue | 486 | 498 | 547 | 564 | 629 | 714 | 897 | 924 | 948 | 1,018 | 995 | 1,001 | 1,129 | 1,240 | 1,303 | 1,266 | 990 | 703 |
| Gross profit | 295 | 323 | 352 | 337 | 357 | 392 | 529 | 556 | 568 | 584 | 542 | 498 | 542 | 522 | 578 | 530 | 508 | 406 |
| Research and development | 2 | 2 | 2 | 9 | 11 | 8 | 13 | 16 | 21 | 25 | 15 | 13 | 13 | 16 | 16 | 16 | 17 | — |
| General and administrative | 110 | 116 | 134 | 139 | 155 | 192 | 281 | 276 | 280 | 273 | 275 | 275 | 285 | 298 | 307 | 346 | 349 | 316 |
| Operating income | 101 | 117 | 119 | 93 | 95 | 82 | 105 | 119 | 121 | 139 | 10 | −64 | 42 | −44 | 88 | −12 | 75 | 70 |
| Interest expense | 12 | 7 | 8 | 11 | 13 | 13 | 21 | 24 | 26 | 37 | 41 | 35 | 29 | 28 | 45 | 51 | 63 | 51 |
| Income before tax | 91 | 110 | 112 | 83 | 80 | 66 | 90 | 95 | 96 | 98 | −38 | −106 | 9 | −104 | 41 | −70 | 16 | 8 |
| Income tax | 31 | 39 | 39 | 28 | 26 | 23 | 26 | 29 | 22 | −9 | 1 | −19 | 6 | −4 | 2 | −10 | 41 | 37 |
| 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 |
| Diluted shares (average) | 30m | 30m | 29m | 28m | 27m | 28m | 33m | 33m | 33m | 32m | 31m | 31m | 32m | 31m | 31m | 31m | 31m | 31m |
| EBITDA | 131 | 144 | 146 | 121 | 132 | 124 | 168 | 184 | 189 | 216 | 101 | 55 | 176 | 60 | 185 | 82 | 147 | 121 |
| Quarter | 2024 Q4Sept 2024 | 2025 Q1Dec 2024 | 2025 Q2Mar 2025 | 2025 Q3Jun 2025 | 2025 Q4Sept 2025 | 2026 Q1Dec 2025 | 2026 Q2Mar 2026 | 2026 Q3Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 447 | 402 | 428 | 349 | 319 | 285 | 259 | 246 |
| Cost of revenue | 329 | 276 | 284 | 227 | 203 | 185 | 157 | 158 |
| Gross profit | 117 | 126 | 144 | 122 | 116 | 100 | 102 | 88 |
| General and administrative | 106 | 77 | 95 | 84 | 94 | 81 | 72 | 69 |
| Operating income | −50 | 6 | 6 | 75 | −11 | 98 | −3 | −13 |
| Interest expense | 14 | 16 | 16 | 16 | 16 | 15 | 10 | 10 |
| Income before tax | −67 | −6 | −12 | 59 | −25 | 84 | −28 | −24 |
| Income tax | 1 | −2 | −3 | 43 | 2 | 41 | −6 | 0 |
| Net income | −68 | −3 | −9 | 15 | −27 | 44 | −22 | −24 |
| Diluted EPS | −$2.20 | −$0.11 | −$0.29 | $0.49 | −$0.89 | $1.39 | −$0.69 | −$0.75 |
| EBITDA | −25 | 28 | 24 | 91 | 4 | 110 | 8 | −2 |
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