How Matthews International (MATW) Makes Money: A Visual Guide

Matthews International (MATW) generated $1.38B in revenue (TTM through Q4 2025), earning $22.63M in net profit (1.6% margin). Its largest revenue source is Memorialization (49.4% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

Matthews International (MATW) Income Statement Flow

Frequently asked questions

How does Matthews International (MATW) make money?

Matthews International (MATW) primarily makes money through Memorialization, which accounts for 49.4% of total revenue. For TTM through Q4 2025, Matthews International generated $1.38B in total revenue with a net profit margin of 1.6%.

What is Matthews International (MATW) gross profit margin?

Matthews International (MATW) reported a gross profit margin of 34% for TTM through Q4 2025, equivalent to $469.95M in gross profit. This means Matthews International retains 34% of each revenue unit after direct costs of production.

What is Matthews International (MATW) operating profit margin?

Matthews International (MATW) reported an operating profit margin of 0.4% for TTM through Q4 2025, equivalent to $5.46M in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Matthews International (MATW) net profit margin?

Matthews International (MATW) reported a net profit margin of 1.6% for TTM through Q4 2025, equivalent to $22.63M in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Matthews International (MATW) invest in R&D?

Matthews International (MATW) invested $16.73M in research and development in TTM through Q4 2025 (1.2% of total revenue). R&D spending reflects investment in future products, services, and technologies.

How much does Matthews International (MATW) spend on capital expenditures?

Matthews International (MATW) spent $31.54M on capital expenditures in TTM through Q4 2025 (2.3% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Matthews International (MATW) free cash flow?

Matthews International (MATW) generated −$82.08M in free cash flow for TTM through Q4 2025 (-5.9% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is Matthews International (MATW) effective tax rate?

Matthews International (MATW) had an effective tax rate of 78.7% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.

Data & methodology

What is a Sankey diagram?

A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.

How is the data calculated?

We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.

When was this data last updated?

Based on company filings through TTM through Q4 2025.