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Side-by-side financial comparison of Asana, Inc. (ASAN) 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 $201.0M, roughly 1.4× Asana, Inc.). MATTHEWS INTERNATIONAL CORP runs the higher net margin — 15.3% vs -34.0%, a 49.4% gap on every dollar of revenue. On growth, Asana, Inc. posted the faster year-over-year revenue change (9.3% vs -29.1%). Asana, Inc. produced more free cash flow last quarter ($15.5M vs $-57.2M).

Asana, Inc. is an American software company based in San Francisco whose flagship Asana service is a web and mobile "work management" platform designed to help teams organize, track, and manage their work. Asana, Inc. was founded in 2008 by Dustin Moskovitz and Justin Rosenstein. The product launched commercially in April 2012. In September 2020, the company was valued at $5.5 billion following its direct listing.

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.

ASAN vs MATW — Head-to-Head

Bigger by revenue
MATW
MATW
1.4× larger
MATW
$284.8M
$201.0M
ASAN
Growing faster (revenue YoY)
ASAN
ASAN
+38.5% gap
ASAN
9.3%
-29.1%
MATW
Higher net margin
MATW
MATW
49.4% more per $
MATW
15.3%
-34.0%
ASAN
More free cash flow
ASAN
ASAN
$72.8M more FCF
ASAN
$15.5M
$-57.2M
MATW

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
ASAN
ASAN
MATW
MATW
Revenue
$201.0M
$284.8M
Net Profit
$-68.4M
$43.6M
Gross Margin
88.9%
35.0%
Operating Margin
-34.8%
34.2%
Net Margin
-34.0%
15.3%
Revenue YoY
9.3%
-29.1%
Net Profit YoY
-19.4%
1356.6%
EPS (diluted)
$-0.29
$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
ASAN
ASAN
MATW
MATW
Q4 25
$201.0M
$284.8M
Q3 25
$196.9M
Q2 25
$187.3M
Q1 25
$188.3M
Q4 24
$183.9M
Q3 24
$179.2M
Q2 24
$172.4M
Q1 24
$171.1M
Net Profit
ASAN
ASAN
MATW
MATW
Q4 25
$-68.4M
$43.6M
Q3 25
$-48.4M
Q2 25
$-40.0M
Q1 25
$-62.3M
Q4 24
$-57.3M
Q3 24
$-72.2M
Q2 24
$-63.7M
Q1 24
$-62.4M
Gross Margin
ASAN
ASAN
MATW
MATW
Q4 25
88.9%
35.0%
Q3 25
89.7%
Q2 25
89.7%
Q1 25
89.6%
Q4 24
89.2%
Q3 24
88.8%
Q2 24
89.7%
Q1 24
89.8%
Operating Margin
ASAN
ASAN
MATW
MATW
Q4 25
-34.8%
34.2%
Q3 25
-25.1%
Q2 25
-23.4%
Q1 25
-33.8%
Q4 24
-32.7%
Q3 24
-42.9%
Q2 24
-38.4%
Q1 24
-39.7%
Net Margin
ASAN
ASAN
MATW
MATW
Q4 25
-34.0%
15.3%
Q3 25
-24.6%
Q2 25
-21.4%
Q1 25
-33.1%
Q4 24
-31.2%
Q3 24
-40.3%
Q2 24
-37.0%
Q1 24
-36.5%
EPS (diluted)
ASAN
ASAN
MATW
MATW
Q4 25
$-0.29
$1.39
Q3 25
$-0.20
Q2 25
$-0.17
Q1 25
$-0.27
Q4 24
$-0.25
Q3 24
$-0.31
Q2 24
$-0.28
Q1 24
$-0.28

Balance Sheet & Financial Strength

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

Metric
ASAN
ASAN
MATW
MATW
Cash + ST InvestmentsLiquidity on hand
$183.5M
$31.4M
Total DebtLower is stronger
$529.8M
Stockholders' EquityBook value
$188.4M
$543.2M
Total Assets
$840.4M
$1.6B
Debt / EquityLower = less leverage
0.98×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASAN
ASAN
MATW
MATW
Q4 25
$183.5M
$31.4M
Q3 25
$184.1M
Q2 25
$193.8M
Q1 25
$184.7M
Q4 24
$196.8M
Q3 24
$219.4M
Q2 24
$222.0M
Q1 24
$236.7M
Total Debt
ASAN
ASAN
MATW
MATW
Q4 25
$529.8M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ASAN
ASAN
MATW
MATW
Q4 25
$188.4M
$543.2M
Q3 25
$224.6M
Q2 25
$236.3M
Q1 25
$227.5M
Q4 24
$239.3M
Q3 24
$291.9M
Q2 24
$319.9M
Q1 24
$326.4M
Total Assets
ASAN
ASAN
MATW
MATW
Q4 25
$840.4M
$1.6B
Q3 25
$883.2M
Q2 25
$877.1M
Q1 25
$891.4M
Q4 24
$874.2M
Q3 24
$945.4M
Q2 24
$978.2M
Q1 24
$962.0M
Debt / Equity
ASAN
ASAN
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
ASAN
ASAN
MATW
MATW
Operating Cash FlowLast quarter
$16.2M
$-52.0M
Free Cash FlowOCF − Capex
$15.5M
$-57.2M
FCF MarginFCF / Revenue
7.7%
-20.1%
Capex IntensityCapex / Revenue
0.3%
1.8%
Cash ConversionOCF / Net Profit
-1.19×
TTM Free Cash FlowTrailing 4 quarters
$74.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASAN
ASAN
MATW
MATW
Q4 25
$16.2M
$-52.0M
Q3 25
$39.8M
Q2 25
$6.8M
Q1 25
$15.9M
Q4 24
$-14.9M
Q3 24
$15.9M
Q2 24
$-1.9M
Q1 24
$-15.3M
Free Cash Flow
ASAN
ASAN
MATW
MATW
Q4 25
$15.5M
$-57.2M
Q3 25
$38.5M
Q2 25
$6.1M
Q1 25
$14.3M
Q4 24
$-16.3M
Q3 24
$14.2M
Q2 24
$-2.9M
Q1 24
$-15.8M
FCF Margin
ASAN
ASAN
MATW
MATW
Q4 25
7.7%
-20.1%
Q3 25
19.6%
Q2 25
3.3%
Q1 25
7.6%
Q4 24
-8.8%
Q3 24
7.9%
Q2 24
-1.7%
Q1 24
-9.3%
Capex Intensity
ASAN
ASAN
MATW
MATW
Q4 25
0.3%
1.8%
Q3 25
0.7%
Q2 25
0.3%
Q1 25
0.8%
Q4 24
0.7%
Q3 24
0.9%
Q2 24
0.6%
Q1 24
0.3%
Cash Conversion
ASAN
ASAN
MATW
MATW
Q4 25
-1.19×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ASAN
ASAN

US$118.5M59%
Non Us$82.5M41%

MATW
MATW

Segment breakdown not available.

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