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Side-by-side financial comparison of FEDERATED HERMES, INC. (FHI) and MATTHEWS INTERNATIONAL CORP (MATW). Click either name above to swap in a different company.
FEDERATED HERMES, INC. is the larger business by last-quarter revenue ($482.8M vs $284.8M, roughly 1.7× MATTHEWS INTERNATIONAL CORP). FEDERATED HERMES, INC. runs the higher net margin — 22.2% vs 15.3%, a 6.8% gap on every dollar of revenue. On growth, FEDERATED HERMES, INC. posted the faster year-over-year revenue change (13.7% vs -29.1%). FEDERATED HERMES, INC. produced more free cash flow last quarter ($294.6M vs $-57.2M).
Federated Hermes is an investment manager headquartered in Pittsburgh, Pennsylvania, United States. Founded in 1955 and incorporated on October 18, 1957, the company manages $902.6 billion of customer assets, as of December 2025. The company offers investments spanning equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies, including mutual funds, exchange-traded funds (ETFs), separate accounts, closed-end funds and collective investment funds. Clie...
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.
FHI vs MATW — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $482.8M | $284.8M |
| Net Profit | $107.0M | $43.6M |
| Gross Margin | — | 35.0% |
| Operating Margin | 28.1% | 34.2% |
| Net Margin | 22.2% | 15.3% |
| Revenue YoY | 13.7% | -29.1% |
| Net Profit YoY | 26.4% | 1356.6% |
| EPS (diluted) | $1.38 | $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 | $482.8M | $284.8M | ||
| Q3 25 | $469.4M | — | ||
| Q2 25 | $424.8M | — | ||
| Q1 25 | $423.5M | — | ||
| Q4 24 | $424.7M | — | ||
| Q3 24 | $408.5M | — | ||
| Q2 24 | $402.6M | — | ||
| Q1 24 | $396.4M | — |
| Q4 25 | $107.0M | $43.6M | ||
| Q3 25 | $104.1M | — | ||
| Q2 25 | $91.0M | — | ||
| Q1 25 | $101.1M | — | ||
| Q4 24 | $84.7M | — | ||
| Q3 24 | $87.5M | — | ||
| Q2 24 | $21.0M | — | ||
| Q1 24 | $75.0M | — |
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 28.1% | 34.2% | ||
| Q3 25 | 27.6% | — | ||
| Q2 25 | 27.6% | — | ||
| Q1 25 | 31.1% | — | ||
| Q4 24 | 26.0% | — | ||
| Q3 24 | 27.4% | — | ||
| Q2 24 | 10.1% | — | ||
| Q1 24 | 24.9% | — |
| Q4 25 | 22.2% | 15.3% | ||
| Q3 25 | 22.2% | — | ||
| Q2 25 | 21.4% | — | ||
| Q1 25 | 23.9% | — | ||
| Q4 24 | 19.9% | — | ||
| Q3 24 | 21.4% | — | ||
| Q2 24 | 5.2% | — | ||
| Q1 24 | 18.9% | — |
| Q4 25 | $1.38 | $1.39 | ||
| Q3 25 | $1.34 | — | ||
| Q2 25 | $1.16 | — | ||
| Q1 25 | $1.25 | — | ||
| Q4 24 | $1.08 | — | ||
| Q3 24 | $1.06 | — | ||
| Q2 24 | $0.20 | — | ||
| Q1 24 | $0.89 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $582.5M | $31.4M |
| Total DebtLower is stronger | $348.4M | $529.8M |
| Stockholders' EquityBook value | $1.2B | $543.2M |
| Total Assets | $2.2B | $1.6B |
| Debt / EquityLower = less leverage | 0.29× | 0.98× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $582.5M | $31.4M | ||
| Q3 25 | $506.3M | — | ||
| Q2 25 | $371.0M | — | ||
| Q1 25 | $387.6M | — | ||
| Q4 24 | $504.4M | — | ||
| Q3 24 | $375.0M | — | ||
| Q2 24 | $307.4M | — | ||
| Q1 24 | $359.8M | — |
| Q4 25 | $348.4M | $529.8M | ||
| Q3 25 | $348.3M | — | ||
| Q2 25 | $348.2M | — | ||
| Q1 25 | $348.2M | — | ||
| Q4 24 | $348.1M | — | ||
| Q3 24 | $348.0M | — | ||
| Q2 24 | $348.0M | — | ||
| Q1 24 | $347.9M | — |
| Q4 25 | $1.2B | $543.2M | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $1.1B | — |
| Q4 25 | $2.2B | $1.6B | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | $2.1B | — |
| Q4 25 | 0.29× | 0.98× | ||
| Q3 25 | 0.29× | — | ||
| Q2 25 | 0.31× | — | ||
| Q1 25 | 0.32× | — | ||
| Q4 24 | 0.32× | — | ||
| Q3 24 | 0.32× | — | ||
| Q2 24 | 0.34× | — | ||
| Q1 24 | 0.30× | — |
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 | $297.3M | $-52.0M |
| Free Cash FlowOCF − Capex | $294.6M | $-57.2M |
| FCF MarginFCF / Revenue | 61.0% | -20.1% |
| Capex IntensityCapex / Revenue | 0.6% | 1.8% |
| Cash ConversionOCF / Net Profit | 2.78× | -1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $427.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $297.3M | $-52.0M | ||
| Q3 25 | $103.1M | — | ||
| Q2 25 | $18.8M | — | ||
| Q1 25 | $14.3M | — | ||
| Q4 24 | $346.6M | — | ||
| Q3 24 | $117.1M | — | ||
| Q2 24 | $88.7M | — | ||
| Q1 24 | $14.0M | — |
| Q4 25 | $294.6M | $-57.2M | ||
| Q3 25 | $101.6M | — | ||
| Q2 25 | $18.0M | — | ||
| Q1 25 | $13.3M | — | ||
| Q4 24 | $342.5M | — | ||
| Q3 24 | $114.1M | — | ||
| Q2 24 | $82.7M | — | ||
| Q1 24 | $13.5M | — |
| Q4 25 | 61.0% | -20.1% | ||
| Q3 25 | 21.6% | — | ||
| Q2 25 | 4.2% | — | ||
| Q1 25 | 3.1% | — | ||
| Q4 24 | 80.7% | — | ||
| Q3 24 | 27.9% | — | ||
| Q2 24 | 20.5% | — | ||
| Q1 24 | 3.4% | — |
| Q4 25 | 0.6% | 1.8% | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.9% | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | 1.5% | — | ||
| Q1 24 | 0.1% | — |
| Q4 25 | 2.78× | -1.19× | ||
| Q3 25 | 0.99× | — | ||
| Q2 25 | 0.21× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 4.09× | — | ||
| Q3 24 | 1.34× | — | ||
| Q2 24 | 4.22× | — | ||
| Q1 24 | 0.19× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FHI
| Investment Advisory Management And Administrative Service | $314.0M | 65% |
| Separateaccounts | $63.9M | 13% |
| Other | $61.2M | 13% |
| Distribution Service | $43.7M | 9% |
MATW
Segment breakdown not available.
