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Side-by-side financial comparison of National Vision Holdings, Inc. (EYE) and MATTHEWS INTERNATIONAL CORP (MATW). Click either name above to swap in a different company.
National Vision Holdings, Inc. is the larger business by last-quarter revenue ($487.3M vs $284.8M, roughly 1.7× MATTHEWS INTERNATIONAL CORP). MATTHEWS INTERNATIONAL CORP runs the higher net margin — 15.3% vs 0.7%, a 14.6% gap on every dollar of revenue. On growth, National Vision Holdings, Inc. posted the faster year-over-year revenue change (7.9% vs -29.1%). National Vision Holdings, Inc. produced more free cash flow last quarter ($30.3M vs $-57.2M).
Vision Research is an international company that manufactures high-speed digital cameras based in Wayne, New Jersey. Their cameras are marketed under the Phantom brand, and are used in a broad variety of industries including: defense, industrial product development, manufacturing, automotive, scientific research, and entertainment. Vision Research is a business unit of the Materials Analysis Division of Ametek Inc., a global manufacturer of electronic instruments and electromechanical devices.
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.
EYE vs MATW — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $487.3M | $284.8M |
| Net Profit | $3.4M | $43.6M |
| Gross Margin | — | 35.0% |
| Operating Margin | 2.0% | 34.2% |
| Net Margin | 0.7% | 15.3% |
| Revenue YoY | 7.9% | -29.1% |
| Net Profit YoY | 139.8% | 1356.6% |
| EPS (diluted) | $0.04 | $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.
| Q4 25 | — | $284.8M | ||
| Q3 25 | $487.3M | — | ||
| Q2 25 | $486.4M | — | ||
| Q1 25 | $510.3M | — | ||
| Q4 24 | $437.3M | — | ||
| Q3 24 | $451.5M | — | ||
| Q2 24 | $451.7M | — | ||
| Q1 24 | $482.8M | — |
| Q4 25 | — | $43.6M | ||
| Q3 25 | $3.4M | — | ||
| Q2 25 | $8.7M | — | ||
| Q1 25 | $14.2M | — | ||
| Q4 24 | $-28.6M | — | ||
| Q3 24 | $-8.5M | — | ||
| Q2 24 | $-3.1M | — | ||
| Q1 24 | $11.7M | — |
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 34.2% | ||
| Q3 25 | 2.0% | — | ||
| Q2 25 | 3.4% | — | ||
| Q1 25 | 5.1% | — | ||
| Q4 24 | -5.8% | — | ||
| Q3 24 | -2.0% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 4.9% | — |
| Q4 25 | — | 15.3% | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 2.8% | — | ||
| Q4 24 | -6.5% | — | ||
| Q3 24 | -1.9% | — | ||
| Q2 24 | -0.7% | — | ||
| Q1 24 | 2.4% | — |
| Q4 25 | — | $1.39 | ||
| Q3 25 | $0.04 | — | ||
| Q2 25 | $0.11 | — | ||
| Q1 25 | $0.18 | — | ||
| Q4 24 | $-0.36 | — | ||
| Q3 24 | $-0.11 | — | ||
| Q2 24 | $-0.04 | — | ||
| Q1 24 | $0.15 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $56.0M | $31.4M |
| Total DebtLower is stronger | $236.5M | $529.8M |
| Stockholders' EquityBook value | $858.8M | $543.2M |
| Total Assets | $2.0B | $1.6B |
| Debt / EquityLower = less leverage | 0.28× | 0.98× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $31.4M | ||
| Q3 25 | $56.0M | — | ||
| Q2 25 | $48.5M | — | ||
| Q1 25 | $80.0M | — | ||
| Q4 24 | $73.9M | — | ||
| Q3 24 | $81.2M | — | ||
| Q2 24 | $179.5M | — | ||
| Q1 24 | $150.1M | — |
| Q4 25 | — | $529.8M | ||
| Q3 25 | $236.5M | — | ||
| Q2 25 | $255.6M | — | ||
| Q1 25 | $244.7M | — | ||
| Q4 24 | $248.6M | — | ||
| Q3 24 | $252.8M | — | ||
| Q2 24 | $143.9M | — | ||
| Q1 24 | $448.6M | — |
| Q4 25 | — | $543.2M | ||
| Q3 25 | $858.8M | — | ||
| Q2 25 | $850.6M | — | ||
| Q1 25 | $836.2M | — | ||
| Q4 24 | $816.3M | — | ||
| Q3 24 | $840.0M | — | ||
| Q2 24 | $843.4M | — | ||
| Q1 24 | $841.3M | — |
| Q4 25 | — | $1.6B | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $2.1B | — | ||
| Q1 24 | $2.2B | — |
| Q4 25 | — | 0.98× | ||
| Q3 25 | 0.28× | — | ||
| Q2 25 | 0.30× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 0.30× | — | ||
| Q3 24 | 0.30× | — | ||
| Q2 24 | 0.17× | — | ||
| Q1 24 | 0.53× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $46.6M | $-52.0M |
| Free Cash FlowOCF − Capex | $30.3M | $-57.2M |
| FCF MarginFCF / Revenue | 6.2% | -20.1% |
| Capex IntensityCapex / Revenue | 3.4% | 1.8% |
| Cash ConversionOCF / Net Profit | 13.83× | -1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $83.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-52.0M | ||
| Q3 25 | $46.6M | — | ||
| Q2 25 | $54.3M | — | ||
| Q1 25 | $32.2M | — | ||
| Q4 24 | $30.3M | — | ||
| Q3 24 | $27.9M | — | ||
| Q2 24 | $51.5M | — | ||
| Q1 24 | $24.0M | — |
| Q4 25 | — | $-57.2M | ||
| Q3 25 | $30.3M | — | ||
| Q2 25 | $42.4M | — | ||
| Q1 25 | $12.0M | — | ||
| Q4 24 | $-1.7M | — | ||
| Q3 24 | $4.1M | — | ||
| Q2 24 | $31.9M | — | ||
| Q1 24 | $4.0M | — |
| Q4 25 | — | -20.1% | ||
| Q3 25 | 6.2% | — | ||
| Q2 25 | 8.7% | — | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | -0.4% | — | ||
| Q3 24 | 0.9% | — | ||
| Q2 24 | 7.1% | — | ||
| Q1 24 | 0.8% | — |
| Q4 25 | — | 1.8% | ||
| Q3 25 | 3.4% | — | ||
| Q2 25 | 2.4% | — | ||
| Q1 25 | 4.0% | — | ||
| Q4 24 | 7.3% | — | ||
| Q3 24 | 5.3% | — | ||
| Q2 24 | 4.3% | — | ||
| Q1 24 | 4.1% | — |
| Q4 25 | — | -1.19× | ||
| Q3 25 | 13.83× | — | ||
| Q2 25 | 6.22× | — | ||
| Q1 25 | 2.27× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 2.05× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
