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Side-by-side financial comparison of AXCELIS TECHNOLOGIES INC (ACLS) and MATTHEWS INTERNATIONAL CORP (MATW). Click either name above to swap in a different company.

MATTHEWS INTERNATIONAL CORP is the larger business by last-quarter revenue ($284.8M vs $238.3M, roughly 1.2× AXCELIS TECHNOLOGIES INC). MATTHEWS INTERNATIONAL CORP runs the higher net margin — 15.3% vs 14.4%, a 0.9% gap on every dollar of revenue. On growth, AXCELIS TECHNOLOGIES INC posted the faster year-over-year revenue change (-5.6% vs -29.1%). AXCELIS TECHNOLOGIES INC produced more free cash flow last quarter ($-8.9M vs $-57.2M).

Axcelis Technologies, Inc. is an American company engaging in the design, manufacture, and servicing of capital equipment for the semiconductor manufacturing industry worldwide. It produces ion implantation systems, including high and medium current implanters, and high energy implanters, and curing systems used in the fabrication of semiconductor chips. The company was incorporated in 1995 and is headquartered in Beverly, Massachusetts, United States.

Matthews Aurora Funeral Solutions is one of the largest manufacturers of caskets and funerary urns in the United States, selling over 38% of the country's caskets as of 2005. The Aurora, Indiana–based company is a subsidiary of Pittsburgh-based Matthews International. The company makes both wooden and metal caskets and urns for holding cremated remains. It also provides supplies and consulting services for funeral homes.

ACLS vs MATW — Head-to-Head

Bigger by revenue
MATW
MATW
1.2× larger
MATW
$284.8M
$238.3M
ACLS
Growing faster (revenue YoY)
ACLS
ACLS
+23.6% gap
ACLS
-5.6%
-29.1%
MATW
Higher net margin
MATW
MATW
0.9% more per $
MATW
15.3%
14.4%
ACLS
More free cash flow
ACLS
ACLS
$48.3M more FCF
ACLS
$-8.9M
$-57.2M
MATW

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ACLS
ACLS
MATW
MATW
Revenue
$238.3M
$284.8M
Net Profit
$34.3M
$43.6M
Gross Margin
47.0%
35.0%
Operating Margin
15.2%
34.2%
Net Margin
14.4%
15.3%
Revenue YoY
-5.6%
-29.1%
Net Profit YoY
-31.3%
1356.6%
EPS (diluted)
$1.11
$1.39

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ACLS
ACLS
MATW
MATW
Q4 25
$238.3M
$284.8M
Q3 25
$213.6M
Q2 25
$194.5M
Q1 25
$192.6M
Q4 24
$252.4M
Q3 24
$256.6M
Q2 24
$256.5M
Q1 24
$252.4M
Net Profit
ACLS
ACLS
MATW
MATW
Q4 25
$34.3M
$43.6M
Q3 25
$26.0M
Q2 25
$31.4M
Q1 25
$28.6M
Q4 24
$50.0M
Q3 24
$48.6M
Q2 24
$50.9M
Q1 24
$51.6M
Gross Margin
ACLS
ACLS
MATW
MATW
Q4 25
47.0%
35.0%
Q3 25
41.6%
Q2 25
44.9%
Q1 25
46.1%
Q4 24
46.0%
Q3 24
42.9%
Q2 24
43.8%
Q1 24
46.0%
Operating Margin
ACLS
ACLS
MATW
MATW
Q4 25
15.2%
34.2%
Q3 25
11.7%
Q2 25
14.9%
Q1 25
15.1%
Q4 24
21.6%
Q3 24
18.3%
Q2 24
20.6%
Q1 24
22.4%
Net Margin
ACLS
ACLS
MATW
MATW
Q4 25
14.4%
15.3%
Q3 25
12.2%
Q2 25
16.1%
Q1 25
14.8%
Q4 24
19.8%
Q3 24
18.9%
Q2 24
19.8%
Q1 24
20.4%
EPS (diluted)
ACLS
ACLS
MATW
MATW
Q4 25
$1.11
$1.39
Q3 25
$0.83
Q2 25
$0.98
Q1 25
$0.88
Q4 24
$1.54
Q3 24
$1.49
Q2 24
$1.55
Q1 24
$1.57

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ACLS
ACLS
MATW
MATW
Cash + ST InvestmentsLiquidity on hand
$374.3M
$31.4M
Total DebtLower is stronger
$529.8M
Stockholders' EquityBook value
$1.0B
$543.2M
Total Assets
$1.4B
$1.6B
Debt / EquityLower = less leverage
0.98×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACLS
ACLS
MATW
MATW
Q4 25
$374.3M
$31.4M
Q3 25
$449.6M
Q2 25
$549.8M
Q1 25
$587.1M
Q4 24
$571.3M
Q3 24
$579.4M
Q2 24
$548.3M
Q1 24
$530.2M
Total Debt
ACLS
ACLS
MATW
MATW
Q4 25
$529.8M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ACLS
ACLS
MATW
MATW
Q4 25
$1.0B
$543.2M
Q3 25
$1.0B
Q2 25
$1.0B
Q1 25
$1.0B
Q4 24
$1.0B
Q3 24
$975.6M
Q2 24
$934.9M
Q1 24
$901.7M
Total Assets
ACLS
ACLS
MATW
MATW
Q4 25
$1.4B
$1.6B
Q3 25
$1.4B
Q2 25
$1.3B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.3B
Q2 24
$1.3B
Q1 24
$1.3B
Debt / Equity
ACLS
ACLS
MATW
MATW
Q4 25
0.98×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ACLS
ACLS
MATW
MATW
Operating Cash FlowLast quarter
$-6.6M
$-52.0M
Free Cash FlowOCF − Capex
$-8.9M
$-57.2M
FCF MarginFCF / Revenue
-3.7%
-20.1%
Capex IntensityCapex / Revenue
1.0%
1.8%
Cash ConversionOCF / Net Profit
-0.19×
-1.19×
TTM Free Cash FlowTrailing 4 quarters
$107.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACLS
ACLS
MATW
MATW
Q4 25
$-6.6M
$-52.0M
Q3 25
$45.4M
Q2 25
$39.7M
Q1 25
$39.8M
Q4 24
$12.8M
Q3 24
$45.7M
Q2 24
$40.1M
Q1 24
$42.2M
Free Cash Flow
ACLS
ACLS
MATW
MATW
Q4 25
$-8.9M
$-57.2M
Q3 25
$43.3M
Q2 25
$37.7M
Q1 25
$34.8M
Q4 24
$8.1M
Q3 24
$41.8M
Q2 24
$38.1M
Q1 24
$40.6M
FCF Margin
ACLS
ACLS
MATW
MATW
Q4 25
-3.7%
-20.1%
Q3 25
20.3%
Q2 25
19.4%
Q1 25
18.1%
Q4 24
3.2%
Q3 24
16.3%
Q2 24
14.8%
Q1 24
16.1%
Capex Intensity
ACLS
ACLS
MATW
MATW
Q4 25
1.0%
1.8%
Q3 25
0.9%
Q2 25
1.0%
Q1 25
2.6%
Q4 24
1.8%
Q3 24
1.5%
Q2 24
0.8%
Q1 24
0.6%
Cash Conversion
ACLS
ACLS
MATW
MATW
Q4 25
-0.19×
-1.19×
Q3 25
1.75×
Q2 25
1.27×
Q1 25
1.39×
Q4 24
0.26×
Q3 24
0.94×
Q2 24
0.79×
Q1 24
0.82×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ACLS
ACLS

Products$224.6M94%
Services$13.7M6%

MATW
MATW

Segment breakdown not available.

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