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Side-by-side financial comparison of Braemar Hotels & Resorts Inc. (BHR) 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 $165.6M, roughly 1.7× Braemar Hotels & Resorts Inc.). MATTHEWS INTERNATIONAL CORP runs the higher net margin — 15.3% vs -20.3%, a 35.6% gap on every dollar of revenue. On growth, Braemar Hotels & Resorts Inc. posted the faster year-over-year revenue change (-4.5% vs -29.1%). Braemar Hotels & Resorts Inc. produced more free cash flow last quarter ($-37.1M vs $-57.2M).

Braemar Hotels & Resorts Inc. is a publicly traded real estate investment trust focused on owning and operating premium luxury hotel and resort properties primarily across the United States. It caters to upscale leisure travelers, corporate event planners, and premium business guests, generating revenue via accommodation bookings, on-site amenities, and event hosting.

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.

BHR vs MATW — Head-to-Head

Bigger by revenue
MATW
MATW
1.7× larger
MATW
$284.8M
$165.6M
BHR
Growing faster (revenue YoY)
BHR
BHR
+24.6% gap
BHR
-4.5%
-29.1%
MATW
Higher net margin
MATW
MATW
35.6% more per $
MATW
15.3%
-20.3%
BHR
More free cash flow
BHR
BHR
$20.1M more FCF
BHR
$-37.1M
$-57.2M
MATW

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BHR
BHR
MATW
MATW
Revenue
$165.6M
$284.8M
Net Profit
$-33.6M
$43.6M
Gross Margin
35.0%
Operating Margin
-7.3%
34.2%
Net Margin
-20.3%
15.3%
Revenue YoY
-4.5%
-29.1%
Net Profit YoY
-80.1%
1356.6%
EPS (diluted)
$-0.67
$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
BHR
BHR
MATW
MATW
Q4 25
$165.6M
$284.8M
Q3 25
$143.6M
Q2 25
$179.1M
Q1 25
$215.8M
Q4 24
$173.3M
Q3 24
$148.4M
Q2 24
$187.6M
Q1 24
$219.1M
Net Profit
BHR
BHR
MATW
MATW
Q4 25
$-33.6M
$43.6M
Q3 25
$5.7M
Q2 25
$-5.5M
Q1 25
$11.0M
Q4 24
$-18.7M
Q3 24
$12.6M
Q2 24
$-11.6M
Q1 24
$15.9M
Gross Margin
BHR
BHR
MATW
MATW
Q4 25
35.0%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
BHR
BHR
MATW
MATW
Q4 25
-7.3%
34.2%
Q3 25
20.8%
Q2 25
10.0%
Q1 25
17.0%
Q4 24
2.2%
Q3 24
47.4%
Q2 24
6.5%
Q1 24
19.4%
Net Margin
BHR
BHR
MATW
MATW
Q4 25
-20.3%
15.3%
Q3 25
4.0%
Q2 25
-3.1%
Q1 25
5.1%
Q4 24
-10.8%
Q3 24
8.5%
Q2 24
-6.2%
Q1 24
7.3%
EPS (diluted)
BHR
BHR
MATW
MATW
Q4 25
$-0.67
$1.39
Q3 25
$-0.12
Q2 25
$-0.24
Q1 25
$-0.04
Q4 24
$-0.47
Q3 24
$-0.02
Q2 24
$-0.33
Q1 24
$0.05

Balance Sheet & Financial Strength

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

Metric
BHR
BHR
MATW
MATW
Cash + ST InvestmentsLiquidity on hand
$124.4M
$31.4M
Total DebtLower is stronger
$1.1B
$529.8M
Stockholders' EquityBook value
$138.7M
$543.2M
Total Assets
$1.9B
$1.6B
Debt / EquityLower = less leverage
7.96×
0.98×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BHR
BHR
MATW
MATW
Q4 25
$124.4M
$31.4M
Q3 25
$116.3M
Q2 25
$80.2M
Q1 25
$81.7M
Q4 24
$135.5M
Q3 24
$168.7M
Q2 24
$114.6M
Q1 24
$137.1M
Total Debt
BHR
BHR
MATW
MATW
Q4 25
$1.1B
$529.8M
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.1B
Q1 24
$1.2B
Stockholders' Equity
BHR
BHR
MATW
MATW
Q4 25
$138.7M
$543.2M
Q3 25
$211.9M
Q2 25
$225.1M
Q1 25
$238.9M
Q4 24
$240.7M
Q3 24
$276.9M
Q2 24
$282.3M
Q1 24
$307.3M
Total Assets
BHR
BHR
MATW
MATW
Q4 25
$1.9B
$1.6B
Q3 25
$2.0B
Q2 25
$2.1B
Q1 25
$2.1B
Q4 24
$2.1B
Q3 24
$2.2B
Q2 24
$2.2B
Q1 24
$2.3B
Debt / Equity
BHR
BHR
MATW
MATW
Q4 25
7.96×
0.98×
Q3 25
5.50×
Q2 25
5.38×
Q1 25
5.03×
Q4 24
5.03×
Q3 24
4.36×
Q2 24
4.00×
Q1 24
3.98×

Cash Flow & Capital Efficiency

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

Metric
BHR
BHR
MATW
MATW
Operating Cash FlowLast quarter
$40.8M
$-52.0M
Free Cash FlowOCF − Capex
$-37.1M
$-57.2M
FCF MarginFCF / Revenue
-22.4%
-20.1%
Capex IntensityCapex / Revenue
47.1%
1.8%
Cash ConversionOCF / Net Profit
-1.19×
TTM Free Cash FlowTrailing 4 quarters
$-59.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BHR
BHR
MATW
MATW
Q4 25
$40.8M
$-52.0M
Q3 25
$-5.8M
Q2 25
$23.0M
Q1 25
$15.1M
Q4 24
$66.8M
Q3 24
$9.0K
Q2 24
$24.1M
Q1 24
$36.0M
Free Cash Flow
BHR
BHR
MATW
MATW
Q4 25
$-37.1M
$-57.2M
Q3 25
$-27.3M
Q2 25
$5.3M
Q1 25
$-159.0K
Q4 24
$-3.8M
Q3 24
$-15.6M
Q2 24
$8.2M
Q1 24
$12.7M
FCF Margin
BHR
BHR
MATW
MATW
Q4 25
-22.4%
-20.1%
Q3 25
-19.0%
Q2 25
3.0%
Q1 25
-0.1%
Q4 24
-2.2%
Q3 24
-10.5%
Q2 24
4.4%
Q1 24
5.8%
Capex Intensity
BHR
BHR
MATW
MATW
Q4 25
47.1%
1.8%
Q3 25
15.0%
Q2 25
9.9%
Q1 25
7.1%
Q4 24
40.7%
Q3 24
10.5%
Q2 24
8.5%
Q1 24
10.7%
Cash Conversion
BHR
BHR
MATW
MATW
Q4 25
-1.19×
Q3 25
-1.00×
Q2 25
Q1 25
1.38×
Q4 24
Q3 24
0.00×
Q2 24
Q1 24
2.26×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BHR
BHR

Occupancy$97.4M59%
Food And Beverage$45.5M28%
Hotel Other$22.6M14%

MATW
MATW

Segment breakdown not available.

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