Matthews International Corporation (MATW) AI Stock Analysis

NASDAQ: MATWAI research summary: business, growth, valuation, analysts, bull and bear case.

MATW AI stock analysis summary

AI Research

Matthews International Corporation (MATW) is a global provider of brand solutions, memorialization products, and industrial technologies. The company has faced top-line headwinds, with trailing twelve months revenue of $1.11B and quarterly revenue falling 29.6% year-over-year. As of June 30, 2026, MATW carries $628.2M in total debt against $37.6M in cash.

Market cap
$604.3M
Revenue (TTM)
$1.11B
P/E
—
fwd 11.1x
1Y return
-13.6%
S&P 500 16.8%
Avg. target
$31.33
61.8% vs last close

Bull case

  • The mean analyst price target of $31.33 suggests potential upside of 61.8% from the last close of $19.36.
  • Forward P/E of 11.1x and EV-to-EBITDA of 11.1x sit at discounts to US-listed Industrials medians of 17.2x and 13.9x.
  • The company maintains a 33-year track record of consecutive dividend payments with a forward dividend yield of 5.26%.

Bear case

  • Quarterly revenue dropped 29.6% year-over-year in the period ended June 30, 2026, alongside negative TTM operating margin of -2.7%.
  • Net debt stands at $590.6M on June 30, 2026, while FY2025 free cash flow was negative at -$59.4M.
  • The dividend payout ratio reached 137.8%, while short interest represents 21.3% of the float.

What Matthews International does

Established in 1850 and headquartered in Pittsburgh, Pennsylvania, Matthews International Corporation operates through three segments: Memorialization, Industrial Technologies, and SGK Brand Solutions. The Memorialization segment supplies cemetery and funeral home products, such as bronze and granite memorials, upright monuments, burial vaults, cremation equipment, urns, and niche units. Industrial Technologies delivers custom energy storage solutions, product identification systems, calendaring, laminating, and coating equipment, as well as laser and ink-jet printing and warehouse automation systems. The SGK Brand Solutions segment provides brand management services, including pre-media services and digital asset management, to enhance brand visibility.

Growth and profitability

Annual revenue grew from $1.67B in FY2021 to $1.88B in FY2023, but subsequently dropped to $1.80B in FY2024 and $1.50B in FY2025, reflecting a 5-year CAGR of -0.0%. Net income moved from $2.9M in FY2021 to a loss of -$99.8M in FY2022, rose to $39.3M in FY2023, and fell back to -$59.7M in FY2024 and -$24.5M in FY2025. Gross margin expanded to 33.9% in FY2025, while operating margin came in at 1.4%. Over the trailing twelve months, revenue was $1.11B with an operating margin of -2.7% and EPS of -$0.95. In the latest quarter ended June 30, 2026, quarterly revenue fell 29.6% year-over-year, while quarterly earnings grew 751.8%.

MATW income statement →

Balance sheet and cash flow

As of June 30, 2026, Matthews International held $37.6M in cash and short-term investments against $628.2M in total debt, resulting in net debt of $590.6M. Shareholders' equity stood at $486.0M, resulting in a debt-to-equity ratio of 1.29 and a current ratio of 1.76. In FY2025, operating cash flow was -$23.6M and free cash flow was -$59.4M. Capital expenditures totaled $35.8M, while cash returned to shareholders included $12.2M in share buybacks and $32.8M in dividends paid.

MATW balance sheet →

Valuation and performance

Matthews International trades at a forward P/E of 11.1x and an EV-to-EBITDA multiple of 11.1x, both below the US-listed Industrials peer group medians of 17.2x and 13.9x, respectively. Its price-to-sales multiple is 0.5x, compared to the peer median of 1.5x. Over the past year, MATW returned -13.6% compared to a 16.8% gain for the S&P 500 (SPY). Over a 5-year period, the stock declined 35.0%, trailing the 83.0% return of the benchmark index.

MATW key metrics →

MATW dividend

Matthews International pays a quarterly dividend with an annual forward payout of $1.02 per share, representing a dividend yield of 5.26%. The company has paid consecutive dividends for 33 years, achieving a 5-year annualized dividend growth rate of 3.5%. The payout ratio is 137.8%, and the last ex-dividend date was August 10, 2026.

MATW dividend history →

What analysts expect

Consensus ratings include 1 Strong Buy, 1 Buy, and 1 Hold among analysts. The mean price target is $31.33, implying upside of 61.8% from the last close of $19.36. For the fiscal year ending September 30, 2026, analysts estimate EPS of $0.51 and revenue of $1.04B. Over the last four quarters, the company beat EPS estimates 2 times. The next earnings date is scheduled for November 19, 2026.

MATW forecast and price target →

Key risks and what to watch

  • High debt levels with total debt of $628.2M relative to cash of $37.6M create financial leverage concerns.
  • FY2025 operating cash flow turned negative at -$23.6M, which could strain liquidity if cash generation does not recover.
  • Current fiscal year EPS is projected to decline 59.3% to $0.51 alongside full-year revenue of $1.04B.
  • Short interest of 21.3% of float highlights significant negative sentiment in the market.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this MATW AI stock analysis

This page is an AI-written research summary of Matthews International Corporation (MATW). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: MATW income statement, MATW balance sheet, MATW key metrics, MATW analyst forecast, MATW chart. See the MATW stock overview for the latest quote and news.

MATW AI stock analysis FAQ

What is Matthews International's dividend yield and track record?

MATW pays an annual forward dividend of $1.02, which represents a yield of 5.26%. The company has paid dividends for 33 consecutive years, though its payout ratio is currently 137.8%.

What are analysts' price targets for MATW?

The mean price target across analysts is $31.33, which is 61.8% above the October 16, 2026 closing price of $19.36. Coverage consists of 1 Strong Buy, 1 Buy, and 1 Hold.

How much debt does Matthews International carry?

As of June 30, 2026, MATW had $628.2M in total debt and $37.6M in cash and short-term investments, resulting in net debt of $590.6M and a debt-to-equity ratio of 1.29.

When does Matthews International report earnings next?

The company's next earnings report is scheduled for November 19, 2026, covering the fiscal year ending September 30, 2026.

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