Matthews International Corporation (MATW) Key Metrics
MATW valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $604.3M
- Enterprise value
- $1.21B
- P/E (TTM)
- — 10-yr median 29.9
- Forward P/E
- 11.1
- PEG ratio
- 1.86
- Price / sales
- 0.5 10-yr median 0.7
- Price / book
- 1.3 10-yr median 1.7
- EV / EBITDA
- 11.1 10-yr median 15.6
- Dividend yield
- 5.27% $1.02 a year
- Beta
- 1.04
MATW key metrics, FY2016–FY2025
Fiscal year ended September 30, 2025 · U.S. dollarsMATW valuation Price multiples at each fiscal year-end price.
MATW returns How much profit the business earns on the capital it uses.
MATW per-share figures Results divided by the shares outstanding at year-end.
MATW financial health Debt, liquidity and how easily interest is covered.
MATW efficiency & capital use Working capital cycle and where the cash goes.
MATW valuation history
MATW returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
MATW debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
MATW cash returned to shareholders
MATW price vs earnings per share
MATW key metrics
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $755.1M | $717.2M | $1.22B | $702.9M | $1.11B | $697.4M | $1.11B | $1.60B | $2.03B | $2.00B |
| Enterprise value | $1.49B | $1.52B | $2.04B | $1.50B | $1.91B | $1.56B | $2.02B | $2.52B | $2.88B | $2.81B |
| P/E ratio | — | — | 31.0 | — | 381.3 | — | — | 14.9 | 27.3 | 29.9 |
| Price / sales | 0.5 | 0.4 | 0.6 | 0.4 | 0.7 | 0.5 | 0.7 | 1.0 | 1.3 | 1.3 |
| Price / book | 1.6 | 1.6 | 2.3 | 1.4 | 1.7 | 1.1 | 1.5 | 1.8 | 2.6 | 2.8 |
| Price / free cash flow | — | 21.1 | 42.1 | 10.7 | 8.6 | 4.8 | 11.9 | 15.3 | 19.5 | 20.3 |
| Price / operating cash flow | — | 9.0 | 15.3 | 5.5 | 6.8 | 3.9 | 8.5 | 10.8 | 13.6 | 14.2 |
| EV / sales | 1.0 | 0.8 | 1.1 | 0.9 | 1.1 | 1.0 | 1.3 | 1.6 | 1.9 | 1.9 |
| EV / EBITDA | 9.9 | 20.0 | 11.2 | 54.6 | 11.1 | 32.8 | 21.5 | 11.8 | 16.0 | 15.3 |
| EV / free cash flow | — | 44.5 | 70.5 | 23.0 | 14.8 | 10.7 | 21.6 | 24.1 | 27.6 | 28.5 |
| Earnings yield | −3.2% | −8.3% | 3.2% | −14.2% | 0.3% | −12.5% | −3.4% | 6.7% | 3.7% | 3.3% |
| Free cash flow yield | −7.9% | 4.7% | 2.4% | 9.3% | 11.6% | 20.9% | 8.4% | 6.5% | 5.1% | 4.9% |
| Dividend yield | 4.3% | 4.4% | 2.3% | 3.9% | 2.5% | 3.8% | 2.3% | 1.5% | 1.1% | 1.0% |
| Shareholder yield (dividends + buybacks) | 6.0% | 7.2% | 2.6% | 9.9% | 3.6% | 4.4% | 4.7% | 2.9% | 1.8% | 3.9% |
| Share price at fiscal year-end | $24.28 | $23.20 | $38.91 | $22.41 | $34.69 | $22.36 | $35.39 | $50.15 | $62.25 | $60.76 |
| Per share | ||||||||||
| Revenue per share | $48.16 | $58.09 | $60.11 | $56.19 | $52.24 | $48.04 | $48.93 | $50.30 | $46.47 | $45.02 |
| Earnings per share | −$0.79 | −$1.93 | $1.26 | −$3.18 | $0.09 | −$2.79 | −$1.21 | $3.37 | $2.28 | $2.03 |
| Operating cash flow per share | −$0.76 | $2.56 | $2.54 | $4.04 | $5.09 | $5.79 | $4.17 | $4.63 | $4.58 | $4.27 |
| Free cash flow per share | −$1.91 | $1.10 | $0.92 | $2.09 | $4.02 | $4.67 | $2.97 | $3.28 | $3.20 | $3.00 |
| Cash per share | $1.04 | $1.32 | $1.35 | $2.28 | $1.54 | $1.33 | $1.12 | $1.30 | $1.76 | $1.69 |
| Book value per share | $15.47 | $14.14 | $16.80 | $15.53 | $19.90 | $19.60 | $22.89 | $27.25 | $24.21 | $21.55 |
| Tangible book value per share | −$3.62 | −$12.49 | −$10.64 | −$12.45 | −$12.47 | −$15.63 | −$16.81 | −$16.46 | −$16.32 | −$16.32 |
| Dividends per share | $1.05 | $1.02 | $0.90 | $0.88 | $0.87 | $0.85 | $0.82 | $0.77 | $0.67 | $0.59 |
| Capex per share | $1.15 | $1.46 | $1.62 | $1.95 | $1.07 | $1.12 | $1.20 | $1.36 | $1.38 | $1.27 |
| Debt per share | $24.57 | $27.15 | $27.62 | $27.83 | $26.45 | $29.10 | $29.94 | $30.15 | $27.93 | $26.54 |
| Shares outstanding | 31.1M | 30.9M | 31.3M | 31.4M | 32.0M | 31.2M | 31.4M | 31.9M | 32.6M | 32.9M |
| Change in shares outstanding | +0.6% | −1.2% | −0.2% | −1.9% | +2.6% | −0.7% | −1.4% | −2.3% | −0.8% | −0.9% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −5.3% | −12.4% | 7.8% | −17.8% | 0.5% | −13.1% | −4.8% | 13.0% | 9.9% | 9.3% |
| Return on invested capital (ROIC) | 0.8% | 0.3% | 6.4% | 2.2% | 1.4% | −3.3% | 0.5% | 8.1% | 5.5% | 5.3% |
| Return on assets (ROA) | −1.4% | −3.2% | 2.1% | −5.1% | 0.1% | −4.1% | −1.7% | 4.6% | 3.4% | 3.1% |
| Return on tangible assets | −2.2% | −5.9% | 3.8% | −9.9% | 0.3% | −9.0% | −4.0% | 10.9% | 8.1% | 7.9% |
| Free cash flow margin | −4.0% | 1.9% | 1.5% | 3.7% | 7.7% | 9.7% | 6.1% | 6.5% | 6.9% | 6.7% |
| Income quality (OCF / net income) | — | — | 2.02 | — | 55.95 | — | — | 1.37 | 2.01 | 2.10 |
| Financial health | ||||||||||
| Total debt | $764.1M | $839.2M | $864.4M | $872.9M | $846.1M | $907.8M | $940.7M | $960.6M | $911.1M | $872.6M |
| Cash & short-term investments | $32.4M | $40.8M | $42.1M | $71.4M | $49.2M | $41.3M | $35.3M | $41.6M | $57.5M | $55.7M |
| Net debt | $731.7M | $798.3M | $822.3M | $801.5M | $797.0M | $866.4M | $905.4M | $919.0M | $853.6M | $816.8M |
| Debt / equity | 1.59 | 1.92 | 1.64 | 1.79 | 1.33 | 1.48 | 1.31 | 1.11 | 1.15 | 1.23 |
| Debt / assets | 0.45 | 0.46 | 0.46 | 0.46 | 0.42 | 0.44 | 0.43 | 0.40 | 0.41 | 0.42 |
| Net debt / EBITDA | 4.85 | 10.55 | 4.52 | 29.08 | 4.65 | 18.20 | 9.67 | 4.33 | 4.73 | 4.43 |
| Current ratio | 1.48 | 1.45 | 1.64 | 1.53 | 1.76 | 1.82 | 2.09 | 2.15 | 2.09 | 2.21 |
| Quick ratio | 0.91 | 0.91 | 0.98 | 0.98 | 1.23 | 1.26 | 1.44 | 1.52 | 1.49 | 1.59 |
| Interest coverage | 0.3 | 0.1 | 2.0 | 1.4 | 1.5 | -1.8 | 0.3 | 3.7 | 4.3 | 4.9 |
| Working capital | $169.7M | $197.8M | $253.7M | $217.2M | $269.9M | $258.7M | $303.8M | $330.0M | $309.9M | $314.8M |
| Invested capital | $1.21B | $1.24B | $1.35B | $1.29B | $1.43B | $1.48B | $1.62B | $1.79B | $1.64B | $1.53B |
| Tangible asset value | −$112.6M | −$385.9M | −$333.3M | −$390.5M | −$398.9M | −$487.5M | −$528.2M | −$524.1M | −$531.9M | −$536.0M |
| Net current asset value | −$693.3M | −$765.1M | −$713.8M | −$767.1M | −$771.5M | −$885.6M | −$887.7M | −$890.3M | −$859.3M | −$807.5M |
| Graham number | — | — | $21.79 | — | $6.38 | — | — | $45.46 | $35.24 | $31.38 |
| Graham net-net per share | −$31.51 | −$32.79 | −$31.26 | −$33.34 | −$31.88 | −$35.62 | −$35.23 | −$35.35 | −$32.85 | −$31.13 |
| Capital allocation | ||||||||||
| Dividends paid | $32.8M | $31.4M | $28.2M | $27.7M | $27.7M | $26.4M | $25.6M | $24.6M | $21.8M | $19.4M |
| Share buybacks (net) | $12.2M | $20.6M | $2.9M | $41.7M | $11.9M | $4.4M | $26.1M | $21.2M | $14.0M | $58.0M |
| Dividend payout ratio | — | — | 71.8% | — | 952.0% | — | — | 22.9% | 29.3% | 29.1% |
| Dividends + buybacks / free cash flow | — | 152.6% | 107.4% | 105.9% | 30.8% | 21.2% | 55.4% | 43.9% | 34.3% | 78.5% |
| Capex / revenue | 2.4% | 2.5% | 2.7% | 3.5% | 2.1% | 2.3% | 2.5% | 2.7% | 3.0% | 2.8% |
| Capex / operating cash flow | — | 57.0% | 63.6% | 48.3% | 21.1% | 19.3% | 28.8% | 29.3% | 30.1% | 29.7% |
| Capex / depreciation | 0.50 | 0.48 | 0.52 | 0.59 | 0.26 | 0.29 | 0.42 | 0.56 | 0.66 | 0.64 |
| Stock-based compensation / revenue | 1.5% | 1.0% | 0.9% | 1.0% | 0.9% | 0.5% | 0.5% | 0.8% | 1.0% | 0.7% |
| R&D / revenue | 1.1% | 0.9% | 0.8% | 0.9% | 0.8% | 1.5% | 1.7% | 1.6% | 1.1% | 1.0% |
| SG&A / revenue | 31.2% | 27.2% | 23.8% | 24.2% | 24.9% | 26.7% | 26.6% | 25.8% | 20.2% | 20.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 52.6 | 59.1 | 48.8 | 55.0 | 66.1 | 74.8 | 77.2 | 74.1 | 74.0 | 71.4 |
| Days of inventory on hand | 81.2 | 71.8 | 68.0 | 61.0 | 58.9 | 64.8 | 66.2 | 63.1 | 64.0 | 65.9 |
| Days payables outstanding | 38.1 | 32.1 | 33.0 | 34.4 | 31.6 | 28.7 | 26.5 | 24.5 | 23.9 | 25.1 |
| Cash conversion cycle (days) | 95.7 | 98.8 | 83.9 | 81.5 | 93.3 | 110.9 | 116.8 | 112.7 | 114.1 | 112.2 |
| Receivables turnover | 6.94 | 6.18 | 7.48 | 6.64 | 5.52 | 4.88 | 4.73 | 4.92 | 4.93 | 5.11 |
| Payables turnover | 9.57 | 11.37 | 11.06 | 10.60 | 11.54 | 12.71 | 13.76 | 14.90 | 15.27 | 14.55 |
| Inventory turnover | 4.49 | 5.08 | 5.36 | 5.98 | 6.20 | 5.63 | 5.52 | 5.79 | 5.70 | 5.53 |
| Asset turnover | 0.85 | 0.96 | 1.00 | 0.90 | 0.81 | 0.70 | 0.67 | 0.69 | 0.70 | 0.70 |
| Average receivables | $215.9M | $290.6M | $251.6M | $265.4M | $302.5M | $307.0M | $325.1M | $325.5M | $307.2M | $289.4M |
| Average payables | $103.4M | $111.3M | $117.8M | $117.0M | $97.8M | $78.7M | $72.3M | $68.3M | $62.4M | $63.5M |
| Average inventory | $220.4M | $249.1M | $242.9M | $207.3M | $182.1M | $177.7M | $180.4M | $175.9M | $167.0M | $166.9M |
| Intangibles / total assets | 35.0% | 44.9% | 45.5% | 46.6% | 50.9% | 53.0% | 56.9% | 58.6% | 58.9% | 59.6% |
Computed from MATW's annual financial statements (latest annual report filed November 21, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
MATW valuation and financial ratios
Matthews International earned a return on equity of −5.3% and a return on invested capital of 0.8% in fiscal 2025. It ended the year with $764.1 million of debt and $32.4 million in cash and short-term investments, net debt of $731.7 million. It returned $45.0 million to shareholders: $32.8 million in dividends and $12.2 million in share buybacks. The share count fell 5.4% from 32.9M to 31.1M over 9 years.
See the MATW income statement, the MATW chart for price history, or the MATW stock overview for the latest quote and news.
MATW key metrics FAQ
What is Matthews International's EV/EBITDA?
Matthews International's enterprise value was 9.9 times EBITDA at the end of fiscal 2025 (enterprise value $1.5 billion, EBITDA $150.8 million); the current EV/EBITDA is 11.1.
What is Matthews International's return on equity?
Matthews International's return on equity (ROE) was −5.3% in fiscal 2025: net income of -$24.5 million on average shareholders' equity of $459.1 million.
What is Matthews International's ROIC?
Matthews International's return on invested capital was 0.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Matthews International have?
Matthews International had total debt of $764.1 million at the end of fiscal 2025, a debt-to-equity ratio of 1.59 and $731.7 million of net debt (4.85 times EBITDA).
What is Matthews International's dividend yield?
Matthews International's forward dividend yield is 5.27%. Matthews International paid $32.8 million in dividends in fiscal 2025 ($1.05 per share), a payout ratio of —.
Does Matthews International buy back its shares?
Yes. Matthews International spent $12.2 million on net share repurchases in fiscal 2025 Shares outstanding changed +0.6% over the year, to 31.1M..
What is Matthews International's free cash flow yield?
Matthews International generated -$59.4 million of free cash flow in fiscal 2025, a free cash flow yield of −7.9% on its market value at year-end ($755.1 million).
What is Matthews International's current ratio?
Matthews International's current ratio was 1.48 at the end of fiscal 2025: current assets were 1.48 times current liabilities.