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Matthews International Corporation

MATW
19
Conglomerates · Industrials
Exchange
NASDAQ
Winston Score
19
Winston is worried
Weak fundamentals across most pillars.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Weak
Growth
Weak
Cash Flow
Weak
Stability
Weak
Valuation
Data not available
Dividends
Good

Winston Score History

The full picture

Matthews International Corporation makes products used in memorials and funerals, like bronze plaques, caskets, and cemetery markers. It also makes industrial equipment for printing and packaging, including machines that put ink and designs onto products like cigarette packs and food containers. Its customers include funeral homes, cemeteries, and large consumer goods manufacturers.

The company earns money by selling these physical products and related services across three main segments: memorialization, industrial technologies, and brand solutions. Matthews operates globally, with a significant presence in North America and Europe, and generates roughly $1.8 billion in annual revenue. Its memorialization business benefits from steady, predictable demand, but the company carries a heavy debt load from past acquisitions, and its near-zero operating margin signals ongoing pressure to cut costs and improve profitability — the key challenge facing management in the years ahead.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-29.6% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-250.0% YoY

YoY Growth Rate

Earnings declining

Insider Activity

8.7%ownership

Flat

Insider ownership roughly steady over the past year

Cash Runway

5+ years

Quarterly Free Cash Flow

↓ Burn rate worsening

$284M cash & investments at current burn rate

Revenue declining

Matthews International Corporation's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Profit per sale
Gross Margin
35.8%
Modest — 35.8% gross margin
Profit after running costs
Operating Margin
-5.4%
Losing money on operations — -5.4%
Return on the money invested
ROCE
-3.4%
Weak — -3.4% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
-31.8%
Shrinking sales (-31.8% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
3/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-7.4%
Burning cash (-7.4%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
1.29
Elevated debt (1.29)
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
no trend
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Dividend
Dividend Yield
4.38%
no trend
Healthy income — 4.38% yield

Generous yield. Worth checking whether the payout is sustainable.

Dividend record
Dividend Growth
+2.0%
no trend
Dividend flat

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