Matthews International (MATW) Financials

$20.42 -0.07 (-0.32%)

As of 03:22 PM Eastern

Annual Income Statements for Matthews International

This table shows Matthews International's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-100	39	-60
Consolidated Net Income / (Loss)	-100	39	-60
Net Income / (Loss) Continuing Operations	-100	39	-60
Total Pre-Tax Income	-104	41	-70
Total Operating Income	-44	88	-12
Total Gross Profit	522	578	530
Total Revenue	1,762	1,881	1,796
Operating Revenue	1,762	1,881	1,796
Total Cost of Revenue	1,240	1,303	1,266
Operating Cost of Revenue	1,240	1,303	1,266
Total Operating Expenses	566	490	542
Selling, General & Admin Expense	427	447	488
Amortization Expense	57	42	37
Impairment Charge	82	0.00	17
Total Other Income / (Expense), net	-60	-47	-57
Interest Expense	28	45	51
Other Income / (Expense), net	-33	-2.56	-6.80
Income Tax Expense	-4.39	1.77	-10.00
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.05	-0.16	0.00
Basic Earnings per Share	($3.18)	$1.28	($1.93)
Weighted Average Basic Shares Outstanding	30.30M	30.38M	30.60M
Diluted Earnings per Share	($3.18)	$1.26	($1.93)
Weighted Average Diluted Shares Outstanding	30.30M	30.38M	30.60M
Weighted Average Basic & Diluted Shares Outstanding	30.30M	30.38M	30.60M
Cash Dividends to Common per Share	$0.88	$0.92	$0.96

This table shows Matthews International's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Net Income / (Loss) Attributable to Common Shareholders	2.89	-81	3.70	9.13	8.74	18	-2.30	9.03	1.78	-68	-3.47
Consolidated Net Income / (Loss)	2.88	-81	3.65	9.13	8.67	18	-2.30	9.03	1.78	-68	-3.47
Net Income / (Loss) Continuing Operations	2.88	-81	3.65	9.13	8.67	18	-2.30	9.03	1.78	-68	-3.47
Total Pre-Tax Income	3.92	-83	4.96	13	8.11	15	-3.03	7.91	-7.05	-67	-5.83
Total Operating Income	11	-73	17	23	22	26	9.43	21	6.70	-50	5.67
Total Gross Profit	121	145	139	150	138	151	132	148	132	117	126
Total Revenue	422	457	449	480	472	480	450	471	428	447	402
Operating Revenue	422	457	449	480	472	480	450	471	428	447	402
Total Cost of Revenue	301	312	310	330	334	329	318	323	296	329	276
Operating Cost of Revenue	301	312	310	330	334	329	318	323	296	329	276
Total Operating Expenses	110	218	122	127	117	125	123	127	125	167	120
Selling, General & Admin Expense	98	124	111	116	106	114	113	118	116	141	111
Amortization Expense	12	12	10	11	11	11	9.80	8.96	9.04	9.23	8.61
Total Other Income / (Expense), net	-7.05	-9.99	-12	-11	-13	-11	-12	-13	-14	-18	-12
Interest Expense	6.66	8.30	10	12	11	11	12	13	13	14	16
Other Income / (Expense), net	-0.39	-1.69	-2.05	1.50	-2.49	0.48	-0.88	-0.88	-0.97	-4.07	4.18
Income Tax Expense	1.04	-2.08	1.31	3.38	-0.56	-2.36	-0.73	-1.12	-8.83	0.68	-2.36
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.02	0.00	-0.06	-0.00	-0.07	-0.03	0.00	0.00	0.00	-	0.00
Basic Earnings per Share	$0.09	($2.59)	$0.12	$0.30	$0.28	$0.58	($0.07)	$0.29	$0.06	($2.21)	($0.11)
Weighted Average Basic Shares Outstanding	30.61M	30.30M	30.42M	30.46M	30.47M	30.38M	30.68M	30.71M	30.60M	30.60M	30.97M
Diluted Earnings per Share	$0.09	($2.59)	$0.12	$0.29	$0.28	$0.57	($0.07)	$0.29	$0.06	($2.21)	($0.11)
Weighted Average Diluted Shares Outstanding	30.61M	30.30M	30.42M	30.46M	30.47M	30.38M	30.68M	30.71M	30.60M	30.60M	30.97M
Weighted Average Basic & Diluted Shares Outstanding	30.61M	30.30M	30.42M	30.46M	30.47M	30.38M	30.68M	30.71M	30.60M	30.60M	30.97M
Cash Dividends to Common per Share	$0.22	-	$0.23	$0.23	$0.23	-	$0.24	$0.24	$0.24	-	$0.25

This table details how cash moves in and out of Matthews International's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	3.07	-29	-1.29
Net Cash From Operating Activities	127	80	79
Net Cash From Continuing Operating Activities	127	80	79
Net Income / (Loss) Continuing Operations	-100	39	-60
Consolidated Net Income / (Loss)	-100	39	-60
Depreciation Expense	104	97	95
Non-Cash Adjustments To Reconcile Net Income	71	0.56	51
Changes in Operating Assets and Liabilities, net	52	-57	-6.45
Net Cash From Investing Activities	-81	-59	-47
Net Cash From Continuing Investing Activities	-81	-59	-47
Purchase of Property, Plant & Equipment	-61	-51	-45
Acquisitions	-44	-15	-5.83
Purchase of Investments	-2.20	-1.61	-0.83
Sale of Property, Plant & Equipment	4.96	2.12	4.16
Divestitures	0.34	6.70	0.54
Sale and/or Maturity of Investments	22	0.00	0.20
Net Cash From Financing Activities	-37	-50	-35
Net Cash From Continuing Financing Activities	-37	-50	-35
Repayment of Debt	-745	-885	-1,286
Repurchase of Common Equity	-42	-2.86	-21
Payment of Dividends	-28	-28	-31
Issuance of Debt	778	866	1,245
Other Financing Activities, net	-0.73	0.00	58
Effect of Exchange Rate Changes	-5.72	0.08	1.44
Cash Interest Paid	27	44	50
Cash Income Taxes Paid	14	18	19

This table details how cash moves in and out of Matthews International's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Net Change in Cash & Equivalents	-9.93	5.27	-26	-3.20	-2.62	2.81	-4.18	7.58	-2.75	-1.93	-7.30
Net Cash From Operating Activities	12	42	-36	81	32	2.62	-27	57	13	36	-25
Net Cash From Continuing Operating Activities	12	42	-36	81	32	2.62	-27	57	13	36	-25
Net Income / (Loss) Continuing Operations	2.88	-81	3.65	9.13	8.67	18	-2.30	9.03	1.78	-68	-3.47
Consolidated Net Income / (Loss)	2.88	-81	3.65	9.13	8.67	18	-2.30	9.03	1.78	-68	-3.47
Depreciation Expense	23	24	24	24	24	25	24	23	24	24	23
Non-Cash Adjustments To Reconcile Net Income	4.21	83	-20	15	5.62	0.10	4.56	4.10	5.19	37	-4.59
Changes in Operating Assets and Liabilities, net	-18	17	-44	33	-6.03	-40	-53	21	-17	43	-39
Net Cash From Investing Activities	-14	-42	-14	-17	-23	-5.01	-14	-16	-8.87	-8.34	1.44
Net Cash From Continuing Investing Activities	-14	-42	-14	-17	-23	-5.01	-14	-16	-8.87	-8.34	1.44
Purchase of Property, Plant & Equipment	-13	-21	-12	-11	-13	-13	-14	-9.96	-9.15	-12	-9.53
Acquisitions	-	-44	-1.76	-5.83	-7.76	-	0.00	-5.83	-	-	-2.22
Sale of Property, Plant & Equipment	-	-	-	-	-	-	0.12	-	-	-	13
Other Investing Activities, net	0.51	-	0.00	0.15	0.11	-	-0.24	0.21	1.10	-	-0.06
Net Cash From Financing Activities	-5.10	6.56	22	-67	-11	6.16	36	-33	-7.11	-31	18
Net Cash From Continuing Financing Activities	-5.10	6.56	22	-67	-11	6.16	36	-33	-7.11	-31	18
Repayment of Debt	-199	-191	-209	-234	-202	-240	-212	-243	-237	-595	-219
Repurchase of Common Equity	-22	-7.73	-2.45	-0.29	-0.08	-0.04	-17	-0.04	-3.31	-0.05	-4.28
Payment of Dividends	-6.86	-6.87	-7.00	-7.12	-7.06	-7.02	-9.28	-7.41	-7.37	-7.35	-9.24
Issuance of Debt	223	212	241	174	197	254	274	217	223	530	251
Effect of Exchange Rate Changes	-2.28	-1.86	1.76	0.14	-0.84	-0.97	1.16	-0.86	-0.27	1.41	-2.17

This table presents Matthews International's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	1,883	1,887	1,835
Total Current Assets	629	648	633
Cash & Equivalents	69	42	41
Accounts Receivable	221	208	206
Inventories, net	225	260	238
Other Current Assets	111	138	148
Plant, Property, & Equipment, net	256	270	279
Total Noncurrent Assets	998	969	923
Long-Term Investments	26	25	23
Goodwill	675	698	697
Intangible Assets	202	160	126
Noncurrent Deferred & Refundable Income Taxes	3.61	2.27	6.55
Other Noncurrent Operating Assets	91	83	70
Total Liabilities & Shareholders' Equity	1,883	1,887	1,835
Total Liabilities	1,396	1,362	1,398
Total Current Liabilities	411	395	435
Short-Term Debt	3.28	3.70	6.85
Accounts Payable	121	114	108
Accrued Expenses	-	22	24
Current Deferred & Payable Income Tax Liabilities	9.28	13	7.52
Current Employee Benefit Liabilities	58	59	89
Other Current Liabilities	219	183	199
Total Noncurrent Liabilities	984	968	963
Long-Term Debt	795	786	770
Noncurrent Deferred & Payable Income Tax Liabilities	93	71	46
Other Noncurrent Operating Liabilities	96	110	148
Total Equity & Noncontrolling Interests	487	525	437
Total Preferred & Common Equity	487	526	437
Total Common Equity	487	526	437
Common Stock	197	205	196
Retained Earnings	707	715	623
Treasury Stock	-226	-219	-213
Accumulated Other Comprehensive Income / (Loss)	-190	-174	-169
Noncontrolling Interest	-0.28	-0.39	0.05

This table presents Matthews International's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Total Assets	1,905	1,903	1,897	1,884	1,903	1,890	1,862	1,792
Total Current Assets	599	633	618	620	658	654	642	623
Cash & Equivalents	46	43	42	39	38	45	43	34
Accounts Receivable	208	222	216	188	216	193	193	199
Inventories, net	211	246	255	269	258	253	249	242
Other Current Assets	114	121	106	123	146	163	158	149
Plant, Property, & Equipment, net	209	265	268	274	282	278	273	265
Total Noncurrent Assets	1,097	1,005	1,011	991	963	959	947	904
Long-Term Investments	24	26	24	25	25	27	27	23
Goodwill	755	692	709	703	709	708	706	686
Intangible Assets	213	194	190	175	151	144	135	117
Noncurrent Deferred & Refundable Income Taxes	2.74	3.16	2.89	2.68	2.40	2.32	2.08	6.12
Other Noncurrent Operating Assets	103	90	85	85	75	78	77	72
Total Liabilities & Shareholders' Equity	1,905	1,903	1,897	1,884	1,903	1,890	1,862	1,792
Total Liabilities	1,314	1,398	1,385	1,362	1,394	1,381	1,358	1,378
Total Current Liabilities	310	367	394	380	349	359	386	396
Short-Term Debt	3.36	2.98	2.83	2.94	4.95	5.42	5.48	7.26
Accounts Payable	104	101	118	112	97	107	114	102
Accrued Expenses	-	-	-	-	-	-	-	23
Current Deferred & Payable Income Tax Liabilities	3.26	7.58	5.14	3.87	7.52	4.04	10	7.87
Current Employee Benefit Liabilities	43	43	46	49	44	45	47	60
Other Current Liabilities	157	212	222	212	195	198	210	195
Total Noncurrent Liabilities	1,004	1,031	990	982	1,045	1,022	972	983
Long-Term Debt	773	834	775	772	857	837	825	802
Noncurrent Deferred & Payable Income Tax Liabilities	109	93	92	92	72	70	45	47
Other Noncurrent Operating Liabilities	72	78	123	118	116	115	102	134
Total Equity & Noncontrolling Interests	591	505	512	522	509	509	504	413
Total Preferred & Common Equity	591	505	513	522	509	509	504	413
Total Common Equity	591	505	513	522	509	509	504	413
Common Stock	193	194	196	201	183	187	192	181
Retained Earnings	795	702	703	704	704	705	699	611
Treasury Stock	-218	-221	-220	-219	-211	-210	-213	-197
Accumulated Other Comprehensive Income / (Loss)	-179	-169	-167	-164	-168	-173	-174	-181
Noncontrolling Interest	-0.27	-0.33	-0.30	-0.40	0.05	0.05	0.05	0.05

This table displays calculated financial ratios and metrics derived from Matthews International's official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	5.47%	6.72%	-4.53%
EBITDA Growth	-83.92%	560.65%	-58.46%
EBIT Growth	-301.74%	211.85%	-122.35%
NOPAT Growth	-336.38%	374.08%	-110.23%
Net Income Growth	-3,592.93%	139.20%	-252.44%
EPS Growth	-3,633.33%	139.62%	-253.17%
Operating Cash Flow Growth	-22.08%	-37.31%	-0.30%
Free Cash Flow Firm Growth	199.42%	-76.18%	272.10%
Invested Capital Growth	-10.01%	5.06%	-7.90%
Revenue Q/Q Growth	1.05%	1.24%	-1.83%
EBITDA Q/Q Growth	-77.78%	128.37%	-51.72%
EBIT Q/Q Growth	-1,021.17%	635.64%	-131.09%
NOPAT Q/Q Growth	-220.29%	1,171.19%	-106.79%
Net Income Q/Q Growth	-342.91%	165.76%	-327.76%
EPS Q/Q Growth	-354.29%	166.32%	-327.06%
Operating Cash Flow Q/Q Growth	-9.59%	-33.40%	72.52%
Free Cash Flow Firm Q/Q Growth	41.76%	-34.18%	-5.22%
Invested Capital Q/Q Growth	-6.94%	1.30%	-9.06%
Profitability Metrics	-	-	-
Gross Margin	29.63%	30.71%	29.50%
EBITDA Margin	1.56%	9.68%	4.21%
Operating Margin	-2.49%	4.68%	-0.69%
EBIT Margin	-4.34%	4.55%	-1.06%
Profit (Net Income) Margin	-5.66%	2.08%	-3.32%
Tax Burden Percent	95.79%	95.66%	85.65%
Interest Burden Percent	136.24%	47.82%	364.26%
Effective Tax Rate	0.00%	4.34%	0.00%
Return on Invested Capital (ROIC)	-2.45%	6.92%	-0.72%
ROIC Less NNEP Spread (ROIC-NNEP)	-12.42%	0.58%	-7.83%
Return on Net Nonoperating Assets (RNNOA)	-15.32%	0.81%	-11.68%
Return on Equity (ROE)	-17.77%	7.73%	-12.40%
Cash Return on Invested Capital (CROIC)	8.09%	1.98%	7.50%
Operating Return on Assets (OROA)	-3.91%	4.54%	-1.03%
Return on Assets (ROA)	-5.10%	2.08%	-3.21%
Return on Common Equity (ROCE)	-17.78%	7.74%	-12.40%
Return on Equity Simple (ROE_SIMPLE)	-20.48%	7.45%	-13.65%
Net Operating Profit after Tax (NOPAT)	-31	84	-8.63
NOPAT Margin	-1.75%	4.48%	-0.48%
Net Nonoperating Expense Percent (NNEP)	9.97%	6.34%	7.11%
Cost of Revenue to Revenue	70.37%	69.29%	70.50%
SG&A Expenses to Revenue	24.21%	23.79%	27.19%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	32.13%	26.03%	30.18%
Earnings before Interest and Taxes (EBIT)	-76	86	-19
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	28	182	76
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.33	2.18	1.62
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.37	0.61	0.40
Price to Earnings (P/E)	0.00	29.22	0.00
Dividend Yield	4.16%	2.44%	4.14%
Earnings Yield	0.00%	3.42%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.14	1.50	1.24
Enterprise Value to Revenue (EV/Rev)	0.77	0.99	0.79
Enterprise Value to EBITDA (EV/EBITDA)	48.94	10.27	18.80
Enterprise Value to EBIT (EV/EBIT)	0.00	21.87	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	22.19	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	10.63	23.53	17.94
Enterprise Value to Free Cash Flow (EV/FCFF)	13.29	77.38	15.81
Leverage & Solvency	-	-	-
Debt to Equity	1.64	1.50	1.78
Long-Term Debt to Equity	1.63	1.50	1.76
Financial Leverage	1.23	1.41	1.49
Leverage Ratio	3.48	3.72	3.87
Compound Leverage Factor	4.75	1.78	14.09
Debt to Total Capital	62.11%	60.07%	63.98%
Short-Term Debt to Total Capital	0.25%	0.28%	0.56%
Long-Term Debt to Total Capital	61.86%	59.79%	63.41%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.02%	-0.03%	0.00%
Common Equity to Total Capital	37.91%	39.96%	36.02%
Debt to EBITDA	28.97	4.34	10.26
Net Debt to EBITDA	25.44	3.97	9.42
Long-Term Debt to EBITDA	28.85	4.32	10.17
Debt to NOPAT	-25.96	9.37	-90.01
Net Debt to NOPAT	-22.80	8.58	-82.61
Long-Term Debt to NOPAT	-25.86	9.33	-89.22
Altman Z-Score	1.74	2.34	1.85
Noncontrolling Interest Sharing Ratio	-0.04%	-0.07%	-0.04%
Liquidity Ratios	-	-	-
Current Ratio	1.53	1.64	1.45
Quick Ratio	0.71	0.63	0.57
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	101	24	90
Operating Cash Flow to CapEx	225.06%	164.04%	193.08%
Free Cash Flow to Firm to Interest Expense	3.66	0.54	1.78
Operating Cash Flow to Interest Expense	4.58	1.78	1.57
Operating Cash Flow Less CapEx to Interest Expense	2.54	0.70	0.76
Efficiency Ratios	-	-	-
Asset Turnover	0.90	1.00	0.96
Accounts Receivable Turnover	6.64	8.78	8.69
Inventory Turnover	5.98	5.36	5.08
Fixed Asset Turnover	7.35	7.15	6.53
Accounts Payable Turnover	10.60	11.06	11.37
Days Sales Outstanding (DSO)	54.97	41.58	42.02
Days Inventory Outstanding (DIO)	61.00	68.04	71.83
Days Payable Outstanding (DPO)	34.45	33.00	32.10
Cash Conversion Cycle (CCC)	81.52	76.61	81.76
Capital & Investment Metrics	-	-	-
Invested Capital	1,188	1,248	1,150
Invested Capital Turnover	1.41	1.54	1.50
Increase / (Decrease) in Invested Capital	-132	60	-99
Enterprise Value (EV)	1,349	1,871	1,422
Market Capitalization	648	1,148	710
Book Value per Share	$15.92	$17.25	$14.29
Tangible Book Value per Share	($12.75)	($10.93)	($12.62)
Total Capital	1,286	1,315	1,214
Total Debt	799	790	776
Total Long-Term Debt	795	786	770
Net Debt	701	723	713
Capital Expenditures (CapEx)	56	48	41
Debt-free, Cash-free Net Working Capital (DFCFNWC)	149	215	164
Debt-free Net Working Capital (DFNWC)	221	257	205
Net Working Capital (NWC)	217	254	198
Net Nonoperating Expense (NNE)	69	45	51
Net Nonoperating Obligations (NNO)	701	723	713
Total Depreciation and Amortization (D&A)	104	97	95
Debt-free, Cash-free Net Working Capital to Revenue	8.46%	11.44%	9.12%
Debt-free Net Working Capital to Revenue	12.51%	13.68%	11.39%
Net Working Capital to Revenue	12.33%	13.49%	11.01%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($3.18)	$1.28	($1.93)
Adjusted Weighted Average Basic Shares Outstanding	30.30M	30.38M	30.60M
Adjusted Diluted Earnings per Share	($3.18)	$1.26	($1.93)
Adjusted Weighted Average Diluted Shares Outstanding	30.30M	30.38M	30.60M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	30.30M	30.38M	30.60M
Normalized Net Operating Profit after Tax (NOPAT)	27	84	3.08
Normalized NOPAT Margin	1.53%	4.48%	0.17%
Pre Tax Income Margin	-5.91%	2.18%	-3.88%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	-2.76	1.92	-0.38
NOPAT to Interest Expense	-1.11	1.89	-0.17
EBIT Less CapEx to Interest Expense	-4.79	0.83	-1.19
NOPAT Less CapEx to Interest Expense	-3.14	0.80	-0.98
Payout Ratios	-	-	-
Dividend Payout Ratio	-27.73%	72.06%	-52.65%
Augmented Payout Ratio	-69.52%	79.36%	-87.13%

This table displays calculated financial ratios and metrics derived from Matthews International's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.55%	4.17%	2.43%	7.78%	11.90%	5.04%	0.17%	-1.74%	-9.34%	-6.97%	-10.70%
EBITDA Growth	-20.62%	-211.37%	186.68%	55.47%	28.23%	201.31%	-17.56%	-10.25%	-31.62%	-157.31%	0.89%
EBIT Growth	54.82%	-842.92%	176.13%	223.04%	80.04%	135.85%	-43.67%	-16.71%	-69.91%	-300.98%	15.27%
NOPAT Growth	-73.15%	84.96%	67.92%	258.15%	185.74%	159.39%	-47.92%	44.82%	-79.61%	-214.75%	-39.81%
Net Income Growth	-14.59%	-2,107.12%	118.41%	571.33%	201.60%	121.85%	-163.15%	-1.07%	-79.51%	-485.24%	-50.76%
EPS Growth	-10.00%	-2,254.55%	119.35%	583.33%	211.11%	122.01%	-158.33%	0.00%	-78.57%	-487.72%	-57.14%
Operating Cash Flow Growth	-20.65%	-24.06%	-33.39%	-18.97%	176.49%	-93.84%	24.73%	-29.44%	-58.08%	1,273.03%	8.28%
Free Cash Flow Firm Growth	-16.43%	125.41%	1,005.08%	462.70%	25.02%	-136.68%	-130.26%	-141.43%	-140.49%	314.27%	569.57%
Invested Capital Growth	-3.48%	-10.01%	-6.60%	-4.49%	-3.49%	5.06%	2.96%	4.50%	2.60%	-7.90%	-10.82%
Revenue Q/Q Growth	-5.23%	8.40%	-1.73%	6.75%	-1.60%	1.75%	-6.29%	4.72%	-9.21%	4.41%	-10.04%
EBITDA Q/Q Growth	6.98%	-251.72%	176.51%	25.19%	-11.76%	19.87%	-37.74%	36.30%	-32.77%	-200.46%	209.61%
EBIT Q/Q Growth	39.11%	-806.81%	120.30%	61.82%	-22.47%	40.74%	-68.10%	139.27%	-71.99%	-1,040.08%	118.30%
NOPAT Q/Q Growth	175.71%	-735.12%	124.78%	32.74%	36.79%	32.01%	-78.27%	269.08%	-80.74%	-842.76%	111.40%
Net Income Q/Q Growth	248.50%	-2,915.90%	104.50%	150.21%	-4.98%	104.05%	-113.02%	491.97%	-80.31%	-3,935.73%	94.91%
EPS Q/Q Growth	250.00%	-2,977.78%	104.63%	141.67%	-3.45%	103.57%	-112.28%	514.29%	-79.31%	-3,783.33%	95.02%
Operating Cash Flow Q/Q Growth	-88.34%	264.93%	-185.25%	323.43%	-60.22%	-91.87%	-1,141.48%	309.44%	-76.37%	166.37%	-169.57%
Free Cash Flow Firm Q/Q Growth	309.37%	50.00%	26.22%	-27.40%	-9.05%	-144.00%	-4.13%	0.60%	11.11%	332.89%	128.20%
Invested Capital Q/Q Growth	-0.41%	-6.94%	6.92%	-3.60%	0.62%	1.30%	4.78%	-2.16%	-1.21%	-9.06%	1.46%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	28.66%	31.78%	30.93%	31.20%	29.31%	31.41%	29.41%	31.45%	30.82%	26.27%	31.28%
EBITDA Margin	7.95%	-11.12%	8.66%	10.16%	9.11%	10.73%	7.13%	9.28%	6.87%	-6.61%	8.05%
Operating Margin	2.60%	-15.98%	3.83%	4.81%	4.56%	5.48%	2.10%	4.53%	1.57%	-11.14%	1.41%
EBIT Margin	2.51%	-16.35%	3.38%	5.12%	4.03%	5.58%	1.90%	4.34%	1.34%	-12.05%	2.45%
Profit (Net Income) Margin	0.68%	-17.71%	0.81%	1.90%	1.84%	3.68%	-0.51%	1.92%	0.42%	-15.26%	-0.86%
Tax Burden Percent	73.44%	97.50%	73.54%	72.96%	106.88%	115.41%	76.03%	114.19%	-25.20%	101.01%	59.55%
Interest Burden Percent	37.02%	111.10%	32.68%	50.94%	42.62%	57.22%	-35.44%	38.66%	-123.11%	125.32%	-59.18%
Effective Tax Rate	26.56%	0.00%	26.46%	27.04%	-6.88%	-15.41%	0.00%	-14.19%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	2.56%	-15.72%	3.80%	5.06%	7.22%	9.76%	2.14%	7.73%	1.61%	-11.68%	1.40%
ROIC Less NNEP Spread (ROIC-NNEP)	1.81%	-20.02%	2.58%	3.93%	5.17%	7.98%	1.00%	5.66%	1.21%	-16.32%	0.44%
Return on Net Nonoperating Assets (RNNOA)	2.06%	-24.69%	3.33%	4.70%	6.49%	11.23%	1.55%	8.22%	1.74%	-24.35%	0.74%
Return on Equity (ROE)	4.62%	-40.40%	7.13%	9.76%	13.71%	21.00%	3.69%	15.95%	3.34%	-36.03%	2.13%
Cash Return on Invested Capital (CROIC)	5.51%	8.09%	4.83%	3.37%	2.93%	1.98%	3.36%	2.93%	7.60%	7.50%	10.53%
Operating Return on Assets (OROA)	2.20%	-14.72%	3.03%	4.81%	3.96%	5.57%	1.88%	4.29%	1.31%	-11.63%	2.32%
Return on Assets (ROA)	0.60%	-15.95%	0.73%	1.79%	1.80%	3.68%	-0.51%	1.89%	0.41%	-14.72%	-0.82%
Return on Common Equity (ROCE)	4.62%	-40.42%	7.13%	9.76%	13.71%	21.01%	3.69%	15.96%	3.34%	-36.04%	2.13%
Return on Equity Simple (ROE_SIMPLE)	-3.81%	0.00%	-15.12%	-12.74%	-11.40%	0.00%	6.52%	6.50%	5.20%	0.00%	-14.71%
Net Operating Profit after Tax (NOPAT)	8.05	-51	13	17	23	30	6.60	24	4.69	-35	3.97
NOPAT Margin	1.91%	-11.19%	2.82%	3.51%	4.87%	6.32%	1.47%	5.17%	1.10%	-7.80%	0.99%
Net Nonoperating Expense Percent (NNEP)	0.75%	4.31%	1.22%	1.13%	2.05%	1.78%	1.14%	2.07%	0.40%	4.64%	0.96%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	0.48%	-	-	-	0.32%
Cost of Revenue to Revenue	71.34%	68.22%	69.07%	68.80%	70.69%	68.59%	70.59%	68.55%	69.18%	73.73%	68.72%
SG&A Expenses to Revenue	23.26%	27.14%	24.79%	24.20%	22.49%	23.73%	25.14%	25.02%	27.14%	31.60%	27.72%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	26.06%	47.76%	27.09%	26.39%	24.75%	25.93%	27.32%	26.92%	29.25%	37.41%	29.87%
Earnings before Interest and Taxes (EBIT)	11	-75	15	25	19	27	8.55	20	5.73	-54	9.85
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	34	-51	39	49	43	52	32	44	29	-30	32
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.42	1.33	1.74	2.05	2.40	2.18	2.12	1.84	1.51	1.62	2.05
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.48	0.37	0.50	0.58	0.67	0.61	0.57	0.50	0.42	0.40	0.48
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	29.22	32.44	28.23	29.07	0.00	0.00
Dividend Yield	3.26%	4.16%	3.07%	2.61%	2.22%	2.44%	2.62%	3.08%	3.83%	4.14%	3.50%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	3.42%	3.08%	3.54%	3.44%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.20	1.14	1.29	1.44	1.59	1.50	1.44	1.33	1.20	1.24	1.37
Enterprise Value to Revenue (EV/Rev)	0.88	0.77	0.93	0.98	1.06	0.99	1.00	0.91	0.83	0.79	0.92
Enterprise Value to EBITDA (EV/EBITDA)	12.31	48.94	31.06	25.08	24.59	10.27	10.72	10.03	9.72	18.80	21.07
Enterprise Value to EBIT (EV/EBIT)	183.87	0.00	0.00	0.00	0.00	21.87	23.81	22.82	24.76	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	59.72	0.00	0.00	0.00	0.00	22.19	23.21	18.59	11.99	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	10.88	10.63	13.95	17.83	16.42	23.53	21.24	26.41	33.14	17.94	19.63
Enterprise Value to Free Cash Flow (EV/FCFF)	21.33	13.29	25.89	41.71	53.38	77.38	43.32	46.55	16.05	15.81	12.29
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.31	1.64	1.66	1.52	1.49	1.50	1.69	1.65	1.65	1.78	1.96
Long-Term Debt to Equity	1.31	1.63	1.65	1.51	1.48	1.50	1.69	1.64	1.64	1.76	1.94
Financial Leverage	1.14	1.23	1.29	1.20	1.26	1.41	1.54	1.45	1.43	1.49	1.68
Leverage Ratio	3.27	3.48	3.44	3.37	3.41	3.72	3.75	3.71	3.65	3.87	4.01
Compound Leverage Factor	1.21	3.87	1.12	1.72	1.45	2.13	-1.33	1.43	-4.50	4.85	-2.37
Debt to Total Capital	56.78%	62.11%	62.38%	60.29%	59.76%	60.07%	62.89%	62.33%	62.24%	63.98%	66.18%
Short-Term Debt to Total Capital	0.25%	0.25%	0.22%	0.22%	0.23%	0.28%	0.36%	0.40%	0.41%	0.56%	0.59%
Long-Term Debt to Total Capital	56.54%	61.86%	62.15%	60.07%	59.53%	59.79%	62.53%	61.93%	61.83%	63.41%	65.59%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.02%	-0.02%	-0.02%	-0.02%	-0.03%	-0.03%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	43.24%	37.91%	37.65%	39.73%	40.27%	39.96%	37.10%	37.67%	37.76%	36.02%	33.81%
Debt to EBITDA	6.26	28.97	15.83	11.07	9.72	4.34	4.92	4.95	5.30	10.26	10.66
Net Debt to EBITDA	5.53	25.44	14.47	10.14	8.91	3.97	4.56	4.53	4.86	9.42	9.92
Long-Term Debt to EBITDA	6.23	28.85	15.77	11.03	9.68	4.32	4.89	4.92	5.26	10.17	10.56
Debt to NOPAT	30.35	-25.96	-31.90	-50.98	-98.48	9.37	10.65	9.18	6.54	-90.01	-71.91
Net Debt to NOPAT	26.84	-22.80	-29.17	-46.67	-90.28	8.58	9.87	8.39	5.99	-82.61	-66.92
Long-Term Debt to NOPAT	30.22	-25.86	-31.79	-50.79	-98.11	9.33	10.59	9.12	6.50	-89.22	-71.26
Altman Z-Score	2.08	1.75	2.02	2.11	2.25	2.24	2.18	2.14	2.02	1.79	1.99
Noncontrolling Interest Sharing Ratio	0.02%	-0.04%	-0.04%	-0.04%	-0.06%	-0.07%	-0.03%	-0.03%	-0.03%	-0.04%	0.01%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.93	1.53	1.73	1.57	1.63	1.64	1.88	1.82	1.66	1.45	1.58
Quick Ratio	0.82	0.71	0.72	0.65	0.60	0.63	0.73	0.66	0.61	0.57	0.59
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	54	81	102	74	68	-30	-31	-31	-27	64	145
Operating Cash Flow to CapEx	93.14%	205.04%	-292.18%	711.58%	241.43%	19.41%	-195.47%	573.36%	147.53%	298.60%	0.00%
Free Cash Flow to Firm to Interest Expense	8.12	9.77	10.02	6.17	6.19	-2.60	-2.68	-2.45	-2.14	4.68	9.28
Operating Cash Flow to Interest Expense	1.75	5.12	-3.55	6.72	2.95	0.23	-2.36	4.55	1.06	2.64	-1.59
Operating Cash Flow Less CapEx to Interest Expense	-0.13	2.62	-4.76	5.77	1.73	-0.95	-3.56	3.76	0.34	1.75	-1.36
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.88	0.90	0.90	0.94	0.98	1.00	0.99	0.99	0.98	0.96	0.95
Accounts Receivable Turnover	6.92	6.64	6.62	8.23	9.39	8.78	8.59	9.16	9.60	8.69	8.41
Inventory Turnover	6.06	5.98	5.67	5.49	5.36	5.36	5.21	5.13	4.90	5.08	4.90
Fixed Asset Turnover	0.00	7.35	0.00	7.51	7.70	7.15	6.89	6.86	6.69	6.53	6.39
Accounts Payable Turnover	11.98	10.60	11.66	10.76	11.94	11.06	13.20	11.58	11.24	11.37	12.29
Days Sales Outstanding (DSO)	52.75	54.97	55.13	44.36	38.88	41.58	42.48	39.83	38.02	42.02	43.41
Days Inventory Outstanding (DIO)	60.27	61.00	64.33	66.44	68.10	68.04	70.10	71.10	74.56	71.83	74.43
Days Payable Outstanding (DPO)	30.48	34.45	31.30	33.92	30.57	33.00	27.66	31.51	32.49	32.10	29.70
Cash Conversion Cycle (CCC)	82.55	81.52	88.15	76.88	76.41	76.61	84.93	79.42	80.10	81.76	88.15
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,277	1,188	1,270	1,225	1,232	1,248	1,308	1,280	1,264	1,150	1,167
Invested Capital Turnover	1.34	1.41	1.35	1.44	1.48	1.54	1.46	1.50	1.47	1.50	1.41
Increase / (Decrease) in Invested Capital	-46	-132	-90	-58	-45	60	38	55	32	-99	-141
Enterprise Value (EV)	1,527	1,349	1,643	1,762	1,961	1,871	1,879	1,707	1,523	1,422	1,600
Market Capitalization	841	648	878	1,050	1,251	1,148	1,080	937	762	710	847
Book Value per Share	$18.87	$15.92	$16.68	$16.85	$17.15	$17.25	$16.58	$16.60	$16.40	$14.29	$13.51
Tangible Book Value per Share	($12.05)	($12.75)	($12.56)	($12.70)	($11.68)	($10.93)	($11.46)	($11.16)	($10.99)	($12.62)	($12.73)
Total Capital	1,367	1,286	1,342	1,290	1,297	1,315	1,371	1,352	1,334	1,214	1,223
Total Debt	776	799	837	778	775	790	862	843	830	776	809
Total Long-Term Debt	773	795	834	775	772	786	857	837	825	770	802
Net Debt	686	701	766	712	710	723	799	770	761	713	753
Capital Expenditures (CapEx)	13	21	12	11	13	13	14	9.96	9.15	12	-3.72
Debt-free, Cash-free Net Working Capital (DFCFNWC)	226	149	224	185	203	215	276	255	219	164	201
Debt-free Net Working Capital (DFNWC)	292	221	269	227	242	257	314	301	261	205	235
Net Working Capital (NWC)	289	217	267	224	239	254	309	295	256	198	228
Net Nonoperating Expense (NNE)	5.18	30	9.02	7.69	14	13	8.90	15	2.91	33	7.44
Net Nonoperating Obligations (NNO)	686	701	766	712	710	723	799	770	761	713	753
Total Depreciation and Amortization (D&A)	23	24	24	24	24	25	24	23	24	24	23
Debt-free, Cash-free Net Working Capital to Revenue	12.96%	8.46%	12.65%	10.22%	10.93%	11.44%	14.66%	13.62%	11.95%	9.12%	11.52%
Debt-free Net Working Capital to Revenue	16.75%	12.51%	15.20%	12.54%	13.05%	13.68%	16.68%	16.05%	14.29%	11.39%	13.44%
Net Working Capital to Revenue	16.56%	12.33%	15.03%	12.38%	12.89%	13.49%	16.41%	15.76%	13.99%	11.01%	13.02%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.09	($2.59)	$0.12	$0.30	$0.28	$0.58	($0.07)	$0.29	$0.06	($2.21)	($0.11)
Adjusted Weighted Average Basic Shares Outstanding	30.61M	30.30M	30.42M	30.46M	30.47M	30.38M	30.68M	30.71M	30.60M	30.60M	30.97M
Adjusted Diluted Earnings per Share	$0.09	($2.59)	$0.12	$0.29	$0.28	$0.57	($0.07)	$0.29	$0.06	($2.21)	($0.11)
Adjusted Weighted Average Diluted Shares Outstanding	30.61M	30.30M	30.42M	30.46M	30.47M	30.38M	30.68M	30.71M	30.60M	30.60M	30.97M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	30.61M	30.30M	30.42M	30.46M	30.47M	30.38M	30.68M	30.71M	30.60M	30.60M	30.97M
Normalized Net Operating Profit after Tax (NOPAT)	8.05	-51	13	17	15	18	6.60	15	4.69	-35	3.97
Normalized NOPAT Margin	1.91%	-11.19%	2.82%	3.51%	3.19%	3.84%	1.47%	3.17%	1.10%	-7.80%	0.99%
Pre Tax Income Margin	0.93%	-18.17%	1.10%	2.61%	1.72%	3.19%	-0.67%	1.68%	-1.65%	-15.11%	-1.45%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.59	-9.01	1.49	2.04	1.74	2.34	0.74	1.63	0.45	-3.95	0.63
NOPAT to Interest Expense	1.21	-6.16	1.24	1.40	2.11	2.65	0.57	1.94	0.37	-2.56	0.25
EBIT Less CapEx to Interest Expense	-0.29	-11.50	0.27	1.09	0.52	1.16	-0.47	0.84	-0.27	-4.83	0.87
NOPAT Less CapEx to Interest Expense	-0.67	-8.66	0.03	0.45	0.89	1.47	-0.63	1.15	-0.35	-3.44	0.49
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-130.53%	-27.73%	-36.49%	-42.66%	-47.14%	72.06%	91.84%	92.99%	118.66%	-52.65%	-51.56%
Augmented Payout Ratio	-306.65%	-69.52%	-91.13%	-92.14%	-64.87%	79.36%	144.85%	145.39%	197.16%	-87.13%	-64.16%

Frequently Asked Questions About Matthews International's Financials

When does Matthews International's fiscal year end?

According to the most recent income statement we have on file, Matthews International's financial year ends in September. Their financial year 2024 ended on September 30, 2024.

How has Matthews International's net income changed over the last 2 years?

Matthews International's net income appears to be on a downward trend, with a most recent value of -$59.66 million in 2024, falling from -$99.83 million in 2022. The previous period was $39.14 million in 2023.

What is Matthews International's operating income?

Matthews International's total operating income in 2024 was -$12.32 million, based on the following breakdown:

Total Gross Profit: $529.71 million
Total Operating Expenses: $542.03 million

How has Matthews International revenue changed over the last 2 years?

Over the last 2 years, Matthews International's total revenue changed from $1.76 billion in 2022 to $1.80 billion in 2024, a change of 1.9%.

How much debt does Matthews International have?

Matthews International's total liabilities were at $1.40 billion at the end of 2024, a 2.6% increase from 2023, and a 0.1% increase since 2022.

How much cash does Matthews International have?

In the past 2 years, Matthews International's cash and equivalents has ranged from $40.82 million in 2024 to $69.02 million in 2022, and is currently $40.82 million as of their latest financial filing in 2024.

How has Matthews International's book value per share changed over the last 2 years?

Over the last 2 years, Matthews International's book value per share changed from 15.92 in 2022 to 14.29 in 2024, a change of -10.3%.

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This page (NASDAQ:MATW) was last updated on 4/25/2025 by MarketBeat.com Staff

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Matthews International (MATW) Financials

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Matthews International (MATW) Financials

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