MATTHEWS INTERNATIONAL CORP
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.50B | $1.80B | $1.88B | $1.76B | $1.67B | $1.50B | $1.54B | $1.60B |
| Cost of Revenue | $990.1M | $1.27B | $1.30B | $1.24B | $1.13B | $1.00B | $994.8M | $1.02B |
| Gross Profit | $507.6M | $529.7M | $577.7M | $522.3M | $541.8M | $497.8M | $542.5M | $584.2M |
| Gross Margin | 33.9% | 29.5% | 30.7% | 29.6% | 32.4% | 33.2% | 35.3% | 36.5% |
| Operating Expenses | ||||||||
| Research & Development | $16.7M | $16.0M | $15.6M | $15.5M | $13.2M | $13.4M | $15.0M | $25.0M |
| SG&A Expense | $349.3M | $346.4M | $307.4M | $298.3M | $285.4M | $274.9M | $275.5M | $272.5M |
| Operating Income | $75.5M | $-12.3M | $88.1M | $-43.9M | $42.0M | $-64.2M | $10.3M | $138.6M |
| Operating Margin | 5.0% | -0.7% | 4.7% | -2.5% | 2.5% | -4.3% | 0.7% | 8.6% |
| Interest Expense | — | — | $44.6M | $27.7M | $28.7M | $34.9M | $41.0M | $37.4M |
| Pretax Income | $16.2M | $-69.7M | $40.9M | $-104.2M | $9.2M | $-106.3M | $-38.1M | $98.0M |
| Income Tax Expense | $40.7M | $-10.0M | $1.8M | $-4.4M | $6.4M | $-18.7M | $806.0K | $-9.1M |
| Net Income | $-24.5M | $-59.7M | $39.3M | $-99.8M | $2.9M | $-87.2M | $-38.0M | $107.4M |
| Net Margin | -1.6% | -3.3% | 2.1% | -5.7% | 0.2% | -5.8% | -2.5% | 6.7% |
| EPS (Basic) | $-0.79 | $-1.93 | $1.28 | $-3.18 | $0.09 | $-2.79 | $-1.21 | $3.39 |
| EPS (Diluted) | $-0.79 | $-1.93 | $1.26 | $-3.18 | $0.09 | $-2.79 | $-1.21 | $3.37 |
| Shares Outstanding (Basic) | 31.1M | 30.9M | 30.8M | 31.4M | 31.7M | 31.2M | 31.4M | 31.7M |
| Shares Outstanding (Diluted) | 31.1M | 30.9M | 31.3M | 31.4M | 32.0M | 31.2M | 31.4M | 31.9M |
| Dividends Per Share | $1.00 | $0.96 | $0.92 | $0.88 | $0.86 | — | — | — |
Big companies have small moves, small companies have big moves.