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How Matthews International (MATW) makes money

Matthews International (MATW) made $246M of revenue in the third quarter fiscal 2026 (Q3 FY26), -16% from a year earlier. Memorialization brought in $208M (85%); Industrial Technologies brought in $38.0M (15%).

Drawing the Sankey…

Matthews International revenue by segment, Q3 FY26Matthews International revenue by segment, Q3 FY26Memorialization$208MIndustrial Technologies$38.0M
Matthews International: revenue by line, Q2 FY25 to Q3 FY26Matthews International: revenue by line, Q2 FY25 to Q3 FY26MemorializationIndustrial Technologi…SGK Brand SolutionsMemorialization: $208M latest$208MIndustrial Technologies: $38.0M latest$38.0MSGK Brand Solutions: $0 latestQ2 FY25Q3 FY25Q1 FY26Q2 FY26Q3 FY26
Memorialization went from 48% of revenue in Q2 FY25 to 85% in Q3 FY26, the largest shift in the mix.
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: where each dollar of revenue goesMatthews International: where each dollar of revenue goesIncome tax0¢

Revenue by segment, Q3 FY26

SegmentRevenueShareQ/QY/Y
Memorialization$208M84.6%-3%+2%
Industrial Technologies$38.0M15.4%-12%-57%

Where each dollar of revenue goes

LineQ3 FY26% of revenue
Revenue$246M100.0%
Income tax$46K0.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 FY26$246M-30%
Q2 FY26$259M-40%
Q1 FY26$285M-29%
Q4 FY25$319M-29%
Q3 FY25$349M-18%
Q2 FY25$428M-9%
Q4 FY24$447M-7%

From Matthews International's 10-Q filed Aug 7, 2026 (on EDGAR).

Questions

How does Matthews International make money?

Matthews International (MATW) made $246M of revenue in the third quarter fiscal 2026 (Q3 FY26), -16% from a year earlier. Memorialization brought in $208M (85%); Industrial Technologies brought in $38.0M (15%).

What is Matthews International's biggest business?

Memorialization: $208M in the third quarter fiscal 2026, 85% of revenue, +2% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.