vs

Side-by-side financial comparison of Braze, Inc. (BRZE) 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 $190.8M, roughly 1.5× Braze, Inc.). MATTHEWS INTERNATIONAL CORP runs the higher net margin — 15.3% vs -18.9%, a 34.2% gap on every dollar of revenue. On growth, Braze, Inc. posted the faster year-over-year revenue change (25.5% vs -29.1%). Braze, Inc. produced more free cash flow last quarter ($19.0M vs $-57.2M).

Braze, Inc. is an American cloud-based software company based in New York City. It is a customer engagement platform used by businesses for multichannel marketing.

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.

BRZE vs MATW — Head-to-Head

Bigger by revenue
MATW
MATW
1.5× larger
MATW
$284.8M
$190.8M
BRZE
Growing faster (revenue YoY)
BRZE
BRZE
+54.6% gap
BRZE
25.5%
-29.1%
MATW
Higher net margin
MATW
MATW
34.2% more per $
MATW
15.3%
-18.9%
BRZE
More free cash flow
BRZE
BRZE
$76.3M more FCF
BRZE
$19.0M
$-57.2M
MATW

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
BRZE
BRZE
MATW
MATW
Revenue
$190.8M
$284.8M
Net Profit
$-36.0M
$43.6M
Gross Margin
67.2%
35.0%
Operating Margin
-19.7%
34.2%
Net Margin
-18.9%
15.3%
Revenue YoY
25.5%
-29.1%
Net Profit YoY
-29.0%
1356.6%
EPS (diluted)
$-0.33
$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
BRZE
BRZE
MATW
MATW
Q4 25
$190.8M
$284.8M
Q3 25
$180.1M
Q2 25
$162.1M
Q1 25
$160.4M
Q4 24
$152.1M
Q3 24
$145.5M
Q2 24
$135.5M
Q1 24
$131.0M
Net Profit
BRZE
BRZE
MATW
MATW
Q4 25
$-36.0M
$43.6M
Q3 25
$-27.9M
Q2 25
$-35.8M
Q1 25
$-17.2M
Q4 24
$-27.9M
Q3 24
$-23.0M
Q2 24
$-35.6M
Q1 24
$-28.3M
Gross Margin
BRZE
BRZE
MATW
MATW
Q4 25
67.2%
35.0%
Q3 25
67.7%
Q2 25
68.6%
Q1 25
69.3%
Q4 24
69.8%
Q3 24
70.2%
Q2 24
67.1%
Q1 24
67.2%
Operating Margin
BRZE
BRZE
MATW
MATW
Q4 25
-19.7%
34.2%
Q3 25
-21.5%
Q2 25
-24.8%
Q1 25
-13.4%
Q4 24
-21.4%
Q3 24
-19.2%
Q2 24
-29.6%
Q1 24
-24.7%
Net Margin
BRZE
BRZE
MATW
MATW
Q4 25
-18.9%
15.3%
Q3 25
-15.5%
Q2 25
-22.1%
Q1 25
-10.7%
Q4 24
-18.4%
Q3 24
-15.8%
Q2 24
-26.3%
Q1 24
-21.6%
EPS (diluted)
BRZE
BRZE
MATW
MATW
Q4 25
$-0.33
$1.39
Q3 25
$-0.26
Q2 25
$-0.34
Q1 25
$-0.17
Q4 24
$-0.27
Q3 24
$-0.23
Q2 24
$-0.35
Q1 24
$-0.28

Balance Sheet & Financial Strength

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

Metric
BRZE
BRZE
MATW
MATW
Cash + ST InvestmentsLiquidity on hand
$97.8M
$31.4M
Total DebtLower is stronger
$529.8M
Stockholders' EquityBook value
$602.0M
$543.2M
Total Assets
$1.0B
$1.6B
Debt / EquityLower = less leverage
0.98×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BRZE
BRZE
MATW
MATW
Q4 25
$97.8M
$31.4M
Q3 25
$81.0M
Q2 25
$231.5M
Q1 25
$83.1M
Q4 24
$61.3M
Q3 24
$79.1M
Q2 24
$74.8M
Q1 24
$68.2M
Total Debt
BRZE
BRZE
MATW
MATW
Q4 25
$529.8M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BRZE
BRZE
MATW
MATW
Q4 25
$602.0M
$543.2M
Q3 25
$598.9M
Q2 25
$474.4M
Q1 25
$474.9M
Q4 24
$458.1M
Q3 24
$453.7M
Q2 24
$436.1M
Q1 24
$444.2M
Total Assets
BRZE
BRZE
MATW
MATW
Q4 25
$1.0B
$1.6B
Q3 25
$1.0B
Q2 25
$889.1M
Q1 25
$871.0M
Q4 24
$842.0M
Q3 24
$825.6M
Q2 24
$816.1M
Q1 24
$810.9M
Debt / Equity
BRZE
BRZE
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
BRZE
BRZE
MATW
MATW
Operating Cash FlowLast quarter
$21.0M
$-52.0M
Free Cash FlowOCF − Capex
$19.0M
$-57.2M
FCF MarginFCF / Revenue
10.0%
-20.1%
Capex IntensityCapex / Revenue
1.0%
1.8%
Cash ConversionOCF / Net Profit
-1.19×
TTM Free Cash FlowTrailing 4 quarters
$63.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BRZE
BRZE
MATW
MATW
Q4 25
$21.0M
$-52.0M
Q3 25
$7.0M
Q2 25
$24.1M
Q1 25
$17.1M
Q4 24
$-11.4M
Q3 24
$11.6M
Q2 24
$19.4M
Q1 24
$3.8M
Free Cash Flow
BRZE
BRZE
MATW
MATW
Q4 25
$19.0M
$-57.2M
Q3 25
$4.3M
Q2 25
$23.9M
Q1 25
$16.0M
Q4 24
$-13.3M
Q3 24
$8.3M
Q2 24
$12.5M
Q1 24
$-2.5M
FCF Margin
BRZE
BRZE
MATW
MATW
Q4 25
10.0%
-20.1%
Q3 25
2.4%
Q2 25
14.8%
Q1 25
10.0%
Q4 24
-8.8%
Q3 24
5.7%
Q2 24
9.2%
Q1 24
-1.9%
Capex Intensity
BRZE
BRZE
MATW
MATW
Q4 25
1.0%
1.8%
Q3 25
1.4%
Q2 25
0.1%
Q1 25
0.7%
Q4 24
1.3%
Q3 24
2.3%
Q2 24
5.1%
Q1 24
4.8%
Cash Conversion
BRZE
BRZE
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

BRZE
BRZE

Subscription Revenue$181.7M95%
Professional Services Revenue$9.2M5%

MATW
MATW

Segment breakdown not available.

Related Comparisons