Filing Flows

Filing Flows › Materials › Matthews International (MATW)

Matthews International (MATW) earnings and revenue breakdown

Latest: Q3 FY26 · 10-Q filed Aug 7, 2026 · Matthews International (MATW) Q3 FY26 earnings results →

Q3 FY26 Revenue down 30% year over year to $246M · 10¢ of every $1 of revenue lost · operating margin -5.4%

Matthews International made $246M in Q3 FY26 (-30% Y/Y): Memorialization $208M, Industrial Technologies $38.0M. Operating margin -5.4%, net loss $23.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 7, 2026.

Revenue$246M
Year over year-30%
Operating margin-5.4%
Net earnings−$23.7M
Operating cash flow−$2.1M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $246.0M in Q3 FY26, down 30% year over year and down 5% from the previous quarter. Memorialization was the largest line at 85% of revenue. Industrial Technologies lost $49.9M year over year (down 57%), 48% of the total change.

Gross margin was 35.8%, up 0.9 points from Q3 FY25. Operating costs exceeded revenue by $13.2M, an operating margin of -5.4%. Operating expenses grew 117% against a revenue fall of 30%. The quarter ended with a net loss of $23.7M, wider than the previous quarter's $21.8M loss.

Operating cash flow was −$2.1M. Non-cash charges added back $11.7M of depreciation and amortization and $5.1M of share-based compensation. Working capital and other items added $4.9M. Capital expenditures of $4.0M exceeded it, leaving free cash flow of −$6.1M.

Quarterly history

Matthews International revenue by quarterMatthews International revenue by quarter$447MQ4 FY24$428MQ2 FY25$349MQ3 FY25$319MQ4 FY25$285MQ1 FY26$259MQ2 FY26$246MQ3 FY26
Matthews International net earnings by quarterMatthews International net earnings by quarter−$68.2MQ4 FY24−$8.9MQ2 FY25$15.4MQ3 FY25−$27.5MQ4 FY25$43.6MQ1 FY26−$21.8MQ2 FY26−$23.7MQ3 FY26
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 FY2610-QAug 7, 2026$246M-30%-5.4%−$23.7M−$2.1M
Q2 FY2610-QMay 1, 2026$259M-40%-1.2%−$21.8M−$15.4M
Q1 FY2610-QFeb 4, 2026$285M-29%34.2%$43.6M−$52.0M
Q4 FY2510-KNov 21, 2025$319M-29%-3.6%−$27.5M$10.3M
Q3 FY2510-QAug 6, 2025$349M-18%21.5%$15.4M−$15.2M
Q2 FY2510-QApr 30, 2025$428M-9%1.4%−$8.9M$6.3M
Q4 FY2410-KNov 22, 2024$447M-7%-11.1%−$68.2M$35.9M

Charts

Matthews International: revenue growth, year over year and quarter over quarterMatthews International: revenue growth, year over year and quarter over quarterY/YQ/Q-7%Q4 FY24-9%-4%Q2 FY25-18%-18%Q3 FY25-29%-9%Q4 FY25-29%-11%Q1 FY26-40%-9%Q2 FY26-30%-5%Q3 FY26
Latest (Q3 FY26): Y/Y -30%, Q/Q -5%.
Matthews International: where the cash came from (+) and went (−), TTM to Q3 FY26Matthews International: where the cash came from (+) and went (−), TTM to Q3 FY26Other investing$279MNet borrowing (+) / repaid (−)−$143MOperating cash flow−$59.2MDividends−$33.6MCapital spending−$22.8MCash drawn (+) / kept (−)−$17.2MAsset & business sales$16.4MOther financing−$14.7MBuybacks−$5.9MAcquisitions$1.5MNot reconciled−$14K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Matthews International: profit against cash, quarter by quarterMatthews International: profit against cash, quarter by quarterNet incomeOperating cash flow−$68.2M$35.9MQ4 FY24−$3.5M−$25.0MQ1 FY25−$8.9M$6.3MQ2 FY25$15.4M−$15.2MQ3 FY25−$27.5M$10.3MQ4 FY25$43.6M−$52.0MQ1 FY26−$21.8M−$15.4MQ2 FY26−$23.7M−$2.1MQ3 FY26
Latest (Q3 FY26): Net income −$23.7M, Operating cash flow −$2.1M.
Matthews International: diluted shares by fiscal yearMatthews International: diluted shares by fiscal year31MFY2032MFY2131MFY2231MFY2331MFY2431MFY25
-0.3% since FY20: buybacks shrank the count.
Matthews International: long-term debt falling due (FY25)Matthews International: long-term debt falling due (FY25)$3.0M2027$296M2028$384M2029$4.9MLater
Cash $32.4M, short-term investments —, long-term debt $688M at 2025-09-30.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

Loading the interactive chart…

🌏Named in Asian annual reportsinteractive

Loading the interactive chart…

🔄Rotation against the market and its industry (RRG)interactive

Loading the interactive chart…

🔍Earnings qualityinteractive

Loading the interactive chart…

⚖️Fair value by methodinteractive

Loading the interactive chart…

🔭Outlook & guidanceinteractive

Loading the interactive chart…

📈Investments: gains and what it boughtinteractive

Loading the interactive chart…

🏭Its industry’s money flow (input-output)interactive

Loading the interactive chart…

About Matthews International

The Company's current backlog is expected to be mostly filled in fiscal 2026. Cremation and incineration equipment sales backlogs vary in a range of four to six months of sales. Backlogs vary in a range of approximately nine to twelve months of sales for mausoleums. Backlogs are generally in excess of a year for purpose-built machinery projects. Backlogs for warehouse automation and fulfillment systems generally vary in a range depending on size of the project from several weeks up to ten to twelve months for custom systems. Backlogs for Product Identification are generally up to four weeks for standard products.

In its own words, from its 10-K, filed Nov 21, 2025.

Matthews International against its Nonferrous Foundries (Castings) peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -30% against the peers' median +34%. Operating margin: -5.4% against the peers' median -5.4%.

CompanyQuarterRevenueY/YOp. margin
MATW Matthews InternationalQ3 FY26$246M-30%-5.4%
DPC DPC HoldingsQ2 2026$269M+34%-53.7%
BWEN BroadwindQ2 2026$24.3M+67%-1.0%

Source: Matthews International 10-Q on SEC EDGAR · CIK 63296 · Nonferrous Foundries (Castings)

13F: who owns MATW and who is buying

Largest holders of MATW (13F)Largest holders of MATW (13F)BlackRock$124MVanguard Group$85.4MOaktree Capital Management LP$51.8MAmeriprise Financial$51.8MDimensional Fund Advisors LP$46.8MGamco Investors, Inc. et Al$40.7MPhoenix Financial$39.4MVanguard Capital Management LLC$35.8MState Street$34.3MVanguard Portfolio Management LLC$33.6M
Funds' net buying of MATW by quarter (13F)Funds' net buying of MATW by quarter (13F)−$4.3M2024-09$1.1M2024-12−$18.0M2025-03$38.2M2025-06$18.3M2025-09$27.8M2025-12$31.5M2026-03$18.4M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on MATW

History

Every quarter: Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results · Q2 FY25 results · Q4 FY24 results

Compare MATW with

中文版：Matthews International（MATW）财报

Español · Français