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Side-by-side financial comparison of BKV Corp (BKV) 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 $255.9M, roughly 1.1× BKV Corp). BKV Corp runs the higher net margin — 27.5% vs 15.3%, a 12.2% gap on every dollar of revenue.

BKV Corp is a North American independent energy company focused on sustainable natural gas exploration, production, and distribution, with core operating assets located in the Appalachian Basin. It serves utility, industrial, and commercial customers across the region, and invests in low-carbon technologies including carbon capture to reduce operational emissions.

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.

BKV vs MATW — Head-to-Head

Bigger by revenue
MATW
MATW
1.1× larger
MATW
$284.8M
$255.9M
BKV
Higher net margin
BKV
BKV
12.2% more per $
BKV
27.5%
15.3%
MATW

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BKV
BKV
MATW
MATW
Revenue
$255.9M
$284.8M
Net Profit
$70.4M
$43.6M
Gross Margin
35.0%
Operating Margin
39.3%
34.2%
Net Margin
27.5%
15.3%
Revenue YoY
-29.1%
Net Profit YoY
1356.6%
EPS (diluted)
$0.78
$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
BKV
BKV
MATW
MATW
Q4 25
$255.9M
$284.8M
Q3 25
$199.8M
Q2 25
$207.1M
Q1 25
$231.0M
Q3 24
$133.5M
Net Profit
BKV
BKV
MATW
MATW
Q4 25
$70.4M
$43.6M
Q3 25
$76.8M
Q2 25
$104.6M
Q1 25
$-78.7M
Q3 24
$12.9M
Gross Margin
BKV
BKV
MATW
MATW
Q4 25
35.0%
Q3 25
Q2 25
Q1 25
Q3 24
Operating Margin
BKV
BKV
MATW
MATW
Q4 25
39.3%
34.2%
Q3 25
41.2%
Q2 25
62.0%
Q1 25
-40.6%
Q3 24
-15.7%
Net Margin
BKV
BKV
MATW
MATW
Q4 25
27.5%
15.3%
Q3 25
38.5%
Q2 25
50.5%
Q1 25
-34.1%
Q3 24
9.6%
EPS (diluted)
BKV
BKV
MATW
MATW
Q4 25
$0.78
$1.39
Q3 25
$0.90
Q2 25
$1.23
Q1 25
$-0.93
Q3 24
$0.18

Balance Sheet & Financial Strength

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

Metric
BKV
BKV
MATW
MATW
Cash + ST InvestmentsLiquidity on hand
$199.4M
$31.4M
Total DebtLower is stronger
$486.8M
$529.8M
Stockholders' EquityBook value
$2.0B
$543.2M
Total Assets
$3.1B
$1.6B
Debt / EquityLower = less leverage
0.24×
0.98×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BKV
BKV
MATW
MATW
Q4 25
$199.4M
$31.4M
Q3 25
$83.1M
Q2 25
$21.4M
Q1 25
$15.3M
Q3 24
$31.3M
Total Debt
BKV
BKV
MATW
MATW
Q4 25
$486.8M
$529.8M
Q3 25
$486.6M
Q2 25
$200.0M
Q1 25
$200.0M
Q3 24
$190.0M
Stockholders' Equity
BKV
BKV
MATW
MATW
Q4 25
$2.0B
$543.2M
Q3 25
$1.8B
Q2 25
$1.6B
Q1 25
$1.5B
Q3 24
$1.6B
Total Assets
BKV
BKV
MATW
MATW
Q4 25
$3.1B
$1.6B
Q3 25
$2.9B
Q2 25
$2.3B
Q1 25
$2.3B
Q3 24
$2.3B
Debt / Equity
BKV
BKV
MATW
MATW
Q4 25
0.24×
0.98×
Q3 25
0.27×
Q2 25
0.13×
Q1 25
0.13×
Q3 24
0.12×

Cash Flow & Capital Efficiency

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

Metric
BKV
BKV
MATW
MATW
Operating Cash FlowLast quarter
$69.4M
$-52.0M
Free Cash FlowOCF − Capex
$-57.2M
FCF MarginFCF / Revenue
-20.1%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
0.99×
-1.19×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BKV
BKV
MATW
MATW
Q4 25
$69.4M
$-52.0M
Q3 25
$74.5M
Q2 25
$76.2M
Q1 25
$22.6M
Q3 24
Free Cash Flow
BKV
BKV
MATW
MATW
Q4 25
$-57.2M
Q3 25
$-126.9M
Q2 25
Q1 25
Q3 24
FCF Margin
BKV
BKV
MATW
MATW
Q4 25
-20.1%
Q3 25
-63.5%
Q2 25
Q1 25
Q3 24
Capex Intensity
BKV
BKV
MATW
MATW
Q4 25
1.8%
Q3 25
100.9%
Q2 25
Q1 25
Q3 24
Cash Conversion
BKV
BKV
MATW
MATW
Q4 25
0.99×
-1.19×
Q3 25
0.97×
Q2 25
0.73×
Q1 25
Q3 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

BKV
BKV

Natural Gas NGL And Oil$249.3M97%
Related Party And Other$4.7M2%
Marketing$2.8M1%

MATW
MATW

Segment breakdown not available.

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