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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.5B | $151M | $-24M | $-59M | -5.1% | -16.6% | -59.0% |
| 2024 | $1.8B | $76M | $-60M | $34M | -13.6% | -4.5% | -251.8% |
| 2023 | $1.9B | $182M | $39M | $29M | 7.5% | 6.7% | -139.4% |
| 2022 | $1.8B | $28M | $-100M | $66M | -20.5% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,762.40 | 1,880.90 | 1,795.74 | 1,497.69 |
| Cost Of Revenue | - | 1,240.12 | 1,303.22 | 1,266.03 | 990.10 |
| Gross Profit | - | 522.28 | 577.67 | 529.71 | 507.59 |
| Operating Expense | - | 483.76 | 489.56 | 525.30 | 487.28 |
| Operating Income | - | 38.52 | 88.12 | 4.40 | 20.31 |
| EBITDA | - | 27.56 | 182.09 | 75.65 | 150.85 |
| EBIT | - | -76.49 | 85.56 | -19.12 | 79.10 |
| Pretax Income | - | -104.22 | 40.91 | -69.66 | 16.21 |
| Tax Provision | - | -4.39 | 1.77 | -10 | 40.68 |
| Net Income | - | -99.77 | 39.29 | -59.66 | -24.47 |
| Net Income Common Stockholders | - | -99.77 | 39.29 | -59.66 | -24.47 |
| Total Expenses | - | 1,723.89 | 1,792.78 | 1,791.33 | 1,477.38 |
| Interest Expense | - | 27.72 | 44.65 | 50.53 | 62.90 |
| Selling General And Administration | - | 426.68 | 447.49 | 488.28 | 467.21 |
| Normalized EBITDA | - | 110.02 | 182.09 | 92.37 | 95.71 |
| Normalized Income | - | -20.78 | 39.29 | -45.34 | -68.03 |
| Market Cap | 876.20 | 876.20 | 876.20 | 876.20 | 876.20 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Matthews International Corporationthis co. | MATW | - | -35.81 | 1.82 | -5.1% | 10.66 |
| The Eastern Company | EML | $134M | 22.70 | 1.08 | 5.7% | 9.14 |
| DMC Global Inc. | BOOM | $129M | - | 0.53 | -4.2% | 9.35 |
| Byrna Technologies Inc. | BYRN | $128M | 15.72 | 1.93 | 14.7% | 9.07 |
| JELD-WEN Holding, Inc. | JELD | $123M |
| 2021 | - | - | - | - | - | - | - |
| - |
| 1.33 |
| -673.6% |
| 29.19 |
| Forrester Research, Inc. | FORR | $121M | - | 0.95 | -94.3% | 3.10 |
| Arq, Inc. | ARQ | $96M | - | 0.57 | -31.3% | 34.71 |
| Mobile Infrastructure Corporation | BEEP | $80M | - | 0.55 | -13.5% | 26.61 |
| Southland Holdings, Inc. | SLND | $60M | - | -0.42 | 231.3% | -1.74 |
| Peer Median | - | 19.21 | 0.76 | -8.8% | 9.25 | |