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Matthews International Corporation (MATW)
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Matthews International Corporation Income Statement 2025-2007 | MATW
Brief overview of income trends at Matthews International Corporation
This overview is based on financial performance over the past five years. Revenue reported by Matthews International Corporation was $1.5 billion at the beginning of the period and $1.5 billion at the end. Overall revenue changed by −0%, equal to an annualized rate of about −0%. The business did not achieve meaningful top-line expansion.
At the gross-profit level, the result moved from 498 million dollars to 508 million dollars, a change of +2%. The relationship between revenue and direct costs remained stable. Gross margin moved from 33.2% to 33.9%. The gross margin stayed within a similar range.
EBITDA was $54.9 million at the beginning and $147 million at the end of the period (+168.3%). Operating profitability strengthened faster than the scale of sales. At the operating-margin level, the figure shifted from 3.7% to 9.8%. The increased EBITDA share is a positive sign.
Across the five years, the net result shifted from −87.2 million dollars to −24.5 million dollars. The direction improved, yet positive earnings are still absent.
The five-year change in capitalization reached −12.7%: from 873 million dollars to 763 million dollars. Capitalization grew more slowly than the underlying results.
Overall conclusion
The financial profile remains mixed, with strengths and risks moving in different directions. The strongest signals are a stronger final result, positive operating leverage and steady gross profitability. The weaker side of the profile includes limited revenue growth. Investors should continue to monitor margins, costs, and earnings quality.
Annual Income Statement Matthews International Corporation
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
763 M | 952 M | 1.14 B | 951 M | 1.16 B | 873 M | 1.18 B | 1.33 B | 1.98 B | 1.9 B | 1.9 B | 1.49 B | 1.11 B | 792 M | 1.05 B | 947 M | 890 M | - | - |
Shares |
31.1 M | 30.9 M | 30.8 M | 31.4 M | 31.7 M | 31.2 M | 31.3 M | 32.1 M | 32.1 M | 32.1 M | 32.9 M | 32.9 M | 27.3 M | 27.6 M | 28.8 M | 29.7 M | 30.2 M | - | - |
Historical Prices |
24.5 | 30.8 | 37.1 | 30.3 | 36.7 | 28.8 | 36.3 | 37.9 | 48.5 | 70 | 48.1 | 43.4 | 37.6 | 28 | 27.1 | 31.9 | 29.4 | 46.7 | 44.6 |
Net Income |
-24.5 M | -59.7 M | 39.3 M | -99.8 M | 2.91 M | -87.2 M | -38 M | 107 M | 74.4 M | 66.7 M | 63.4 M | 43.7 M | 54.9 M | 55.8 M | 72.4 M | 13.2 M | 57.7 M | 79.5 M | - |
Revenue |
1.5 B | 1.8 B | 1.88 B | 1.76 B | 1.67 B | 1.5 B | 1.54 B | 1.6 B | 1.52 B | 1.48 B | 1.43 B | 1.11 B | 985 M | 900 M | 899 M | - | - | - | - |
Cost of Revenue |
990 M | 1.27 B | 1.3 B | 1.24 B | 1.13 B | 1 B | 995 M | 1.02 B | 948 M | 924 M | 897 M | 714 M | 629 M | 564 M | 547 M | 498 M | 486 M | 496 M | - |
Gross Profit |
508 M | 530 M | 578 M | 522 M | 542 M | 498 M | 542 M | 581 M | 563 M | 556 M | 529 M | 392 M | 357 M | 337 M | 352 M | 79.7 M | 295 M | 323 M | - |
Operating Income |
75.5 M | -12.3 M | 88.1 M | -43.9 M | 42 M | -64.2 M | 10.3 M | 139 M | 121 M | 119 M | 105 M | 81.5 M | 94.6 M | 92.6 M | 119 M | 22 M | 101 M | 133 M | - |
Interest Expense |
3.65 M | -6.8 M | -2.56 M | 27.7 M | 28.7 M | 34.9 M | 41 M | 37.4 M | 26.4 M | 24.3 M | 20.6 M | 12.6 M | 12.9 M | 11.5 M | 8.24 M | 7.42 M | 12.1 M | 10.4 M | - |
EBITDA |
147 M | 82.4 M | 185 M | 60.1 M | 176 M | 54.9 M | 134 M | 164 M | 181 M | 184 M | 168 M | 126 M | 134 M | 122 M | 146 M | 49.3 M | 131 M | 158 M | - |
Operating Expenses |
- | - | - | - | - | - | 455 M | 449 M | 451 M | 438 M | 424 M | 310 M | 261 M | 243 M | 233 M | - | - | - | - |
General and Administrative Expenses |
349 M | 346 M | 307 M | 298 M | 285 M | 275 M | 275 M | 274 M | 307 M | 297 M | 281 M | 192 M | 155 M | 139 M | 134 M | 116 M | 110 M | 107 M | - |
Annual performance
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All numbers in USD currency
Quarterly Income Statement Matthews International Corporation
| 2026-Q3 | 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q3 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
31.4 M | 31.5 M | 31.3 M | 31.3 M | 31.1 M | 31.2 M | 31.1 M | 31.1 M | 30.9 M | 30.9 M | 30.9 M | 30.9 M | 30.8 M | 30.8 M | 30.8 M | 30.7 M | - | 31.2 M | 31.7 M | 31.7 M | - | 31.7 M | 31.7 M | 31.7 M | 31.1 M | 31.1 M | 31.7 M | 31.1 M | 31.5 M | 31.3 M | 31.1 M | 31.6 M | 31.7 M | 31.6 M | 31.6 M | 31.7 M | 32.2 M | 32.3 M | 31.7 M | 32.2 M | 32.8 M | 32.5 M | 32.2 M | 32.9 M | 32.9 M | 33 M | 32.9 M | 32.9 M | 27.2 M | 27.3 M | 32.9 M | 27.1 M | 27.3 M | 27.3 M | 27.1 M | 27.3 M | 27.9 M | 27.7 M | 27.3 M | 27.9 M | 28.9 M | 28.8 M | 27.9 M | - |
Net Income |
-23.7 M | -21.8 M | 43.6 M | 43.6 M | 15.4 M | -8.92 M | -3.47 M | -3.47 M | 1.78 M | 1.78 M | 9.03 M | -2.3 M | 8.74 M | 8.74 M | 9.13 M | 3.7 M | - | 2.89 M | -1.94 M | -19.8 M | - | 3.36 M | 4.99 M | -1.76 M | 7.41 M | 2.27 M | -1.76 M | -10.5 M | -71.1 M | 14.6 M | -10.5 M | 3.1 M | 29.6 M | 24.4 M | 3.1 M | 35.2 M | 19.6 M | 29.5 M | 35.2 M | 10.3 M | 23.9 M | 23.9 M | 9.09 M | 4.61 M | 17 M | 23.1 M | 4.61 M | 14.4 M | 4.8 M | 19 M | 15 M | 7.79 M | 14.2 M | 17.8 M | 7.91 M | 8.14 M | 13 M | 16.3 M | 8.26 M | 11.3 M | 20.7 M | 21.9 M | 11.3 M | 20.4 M |
Revenue |
246 M | 259 M | 285 M | 285 M | 349 M | 428 M | 402 M | 402 M | 428 M | 428 M | 471 M | 450 M | 472 M | 472 M | 480 M | 449 M | - | 422 M | 445 M | 439 M | - | 428 M | 417 M | - | 399 M | 359 M | 375 M | 365 M | 392 M | 379 M | 391 M | 374 M | 407 M | 412 M | 414 M | 369 M | 396 M | 390 M | 369 M | 349 M | 377 M | 382 M | 349 M | 354 M | 368 M | 365 M | 354 M | 344 M | 350 M | 280 M | 344 M | 230 M | 253 M | 251 M | 230 M | 226 M | 230 M | 227 M | 226 M | 217 M | 240 M | 232 M | 217 M | - |
Cost of Revenue |
158 M | 157 M | 185 M | 185 M | 227 M | 284 M | 276 M | 276 M | 296 M | 296 M | 323 M | 318 M | 334 M | 334 M | 330 M | 310 M | - | 301 M | 320 M | 307 M | - | 291 M | 276 M | 261 M | 738 M | 238 M | 261 M | 249 M | 745 M | 242 M | 249 M | 248 M | 760 M | 259 M | 248 M | 238 M | 710 M | 246 M | 239 M | 222 M | 694 M | 237 M | 222 M | 228 M | 670 M | 229 M | 228 M | 219 M | 481 M | 176 M | 219 M | 149 M | 466 M | 159 M | 149 M | 146 M | 420 M | 140 M | 146 M | 139 M | 399 M | 140 M | 139 M | 128 M |
Gross Profit |
88.2 M | 102 M | 99.7 M | 99.7 M | 122 M | 144 M | 126 M | 126 M | 132 M | 132 M | 148 M | 132 M | 138 M | 138 M | 150 M | 139 M | - | 121 M | 125 M | 132 M | - | 137 M | 141 M | 125 M | 136 M | 121 M | 125 M | 116 M | 143 M | 137 M | 116 M | 126 M | 150 M | 153 M | 126 M | 131 M | 154 M | 144 M | 131 M | 127 M | 147 M | 145 M | 127 M | 127 M | 142 M | 135 M | 127 M | 125 M | 117 M | 104 M | 125 M | 81.4 M | 90.3 M | 91.4 M | 81.4 M | 80 M | 86.2 M | 87.7 M | 80 M | 78 M | 91.9 M | 91.9 M | 78 M | 85 M |
Operating Income |
-13.2 M | -3.18 M | 97.5 M | 97.5 M | 75.2 M | 5.95 M | 5.67 M | 5.67 M | 6.7 M | 6.7 M | 21.3 M | 9.43 M | 21.5 M | 21.5 M | 23.1 M | 17.2 M | - | 11 M | 7.37 M | 10.8 M | - | 9.27 M | 15 M | 10.4 M | 20.6 M | 5.25 M | 10.4 M | -4.94 M | -59.8 M | 29.7 M | -4.94 M | 16.2 M | 48.7 M | 39.3 M | 16.2 M | 19.3 M | 29.9 M | 36.8 M | 17.9 M | 19.1 M | 39.7 M | 40.7 M | 19.1 M | 12 M | 32.8 M | 27.4 M | 12 M | 25.6 M | 14.5 M | 31.8 M | 25.6 M | 14.7 M | 23.2 M | 30.4 M | 15 M | 16.2 M | 21.9 M | 27.5 M | 16.5 M | 18.9 M | 33 M | 35.1 M | 18.9 M | 34.5 M |
Interest Expense |
-2 K | 1.51 M | 1.53 M | 1.53 M | -497 K | -1.73 M | 4.18 M | 4.18 M | -974 K | -974 K | -878 K | -880 K | 10.9 M | -2.49 M | 12 M | 10.2 M | - | 6.66 M | 6.26 M | 6.51 M | - | 6.75 M | 7.23 M | 7.73 M | 26.9 M | 8.08 M | 7.73 M | 9.24 M | 31.1 M | 10.5 M | 9.24 M | 10.3 M | 26.8 M | 9.72 M | 10.3 M | 7.8 M | 19.8 M | 6.99 M | 7.8 M | 6.15 M | 18.1 M | 6.26 M | 6.15 M | 5.84 M | 15.1 M | 4.85 M | 5.84 M | 5.33 M | 8.24 M | 2.78 M | 5.33 M | 2.9 M | 9.78 M | 3.49 M | 2.9 M | 3.25 M | 8.16 M | 2.88 M | 3.25 M | 2.56 M | 6 M | 2.17 M | 2.56 M | 1.87 M |
EBITDA |
-1.57 M | 8.33 M | 110 M | 110 M | 91 M | 24.2 M | 28.2 M | 28.2 M | 30.4 M | 30.4 M | 44.6 M | 33 M | 45.5 M | 45.5 M | 47.2 M | 41 M | - | 33.9 M | 31.1 M | 44.3 M | - | 44.7 M | 50.2 M | 37.7 M | 109 M | 35.4 M | 37.7 M | 24 M | 941 K | 50.2 M | 24 M | 35.4 M | 106 M | 59.4 M | 35.4 M | 36.6 M | 80.7 M | 69.1 M | 35.2 M | 34.2 M | 89 M | 72.8 M | 34.2 M | 27.8 M | 79.8 M | 59.3 M | 27.8 M | 41 M | 42.5 M | 50.8 M | 41 M | 23.9 M | 49.6 M | 47.8 M | 24.3 M | 24.4 M | 43.7 M | 42 M | 24.6 M | 26 M | 53.4 M | 48.7 M | 26 M | 54.5 M |
General and Administrative Expenses |
69.1 M | 72.4 M | 81.3 M | 81.3 M | 84.3 M | 96.9 M | 76.6 M | 76.6 M | 80.1 M | 80.1 M | 81.9 M | 78.7 M | 69.8 M | 69.8 M | 81.5 M | 77.9 M | - | 65.9 M | 71.8 M | 68.6 M | - | 73.5 M | 70.7 M | 69.1 M | 208 M | 69.4 M | 69.1 M | 70.5 M | 200 M | 65.1 M | 70.5 M | 67.1 M | 211 M | 69 M | 67.1 M | 68.5 M | 202 M | 64.9 M | 69.6 M | 108 M | 330 M | 105 M | 108 M | 115 M | 316 M | 108 M | 115 M | 99.1 M | 209 M | 72.4 M | 99.1 M | 66.7 M | 194 M | 60.6 M | 66.4 M | 63.5 M | 179 M | 60.2 M | 63.5 M | 59.1 M | 174 M | 56.9 M | 59.1 M | 50.5 M |
Quarterly performance
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All numbers in USD currency
The income statement is one of the three key financial reports of a company Matthews International Corporation (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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