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Side-by-side financial comparison of FORMFACTOR INC (FORM) 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 $226.1M, roughly 1.3× FORMFACTOR INC). MATTHEWS INTERNATIONAL CORP runs the higher net margin — 15.3% vs 9.0%, a 6.3% gap on every dollar of revenue. On growth, FORMFACTOR INC posted the faster year-over-year revenue change (32.0% vs -29.1%). FORMFACTOR INC produced more free cash flow last quarter ($30.7M vs $-57.2M).

Formfactor, Inc. is a provider of test and measurement technologies for integrated circuits, with its headquarters in Livermore, California. It provides semiconductor companies with products to improve device performance and provide test and measurement technologies for integrated circuits.

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.

FORM vs MATW — Head-to-Head

Bigger by revenue
MATW
MATW
1.3× larger
MATW
$284.8M
$226.1M
FORM
Growing faster (revenue YoY)
FORM
FORM
+61.1% gap
FORM
32.0%
-29.1%
MATW
Higher net margin
MATW
MATW
6.3% more per $
MATW
15.3%
9.0%
FORM
More free cash flow
FORM
FORM
$88.0M more FCF
FORM
$30.7M
$-57.2M
MATW

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
FORM
FORM
MATW
MATW
Revenue
$226.1M
$284.8M
Net Profit
$20.4M
$43.6M
Gross Margin
38.4%
35.0%
Operating Margin
7.4%
34.2%
Net Margin
9.0%
15.3%
Revenue YoY
32.0%
-29.1%
Net Profit YoY
218.5%
1356.6%
EPS (diluted)
$0.26
$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
FORM
FORM
MATW
MATW
Q1 26
$226.1M
Q4 25
$215.2M
$284.8M
Q3 25
$202.7M
Q2 25
$195.8M
Q1 25
$171.4M
Q4 24
$189.5M
Q3 24
$207.9M
Q2 24
$197.5M
Net Profit
FORM
FORM
MATW
MATW
Q1 26
$20.4M
Q4 25
$23.2M
$43.6M
Q3 25
$15.7M
Q2 25
$9.1M
Q1 25
$6.4M
Q4 24
$9.7M
Q3 24
$18.7M
Q2 24
$19.4M
Gross Margin
FORM
FORM
MATW
MATW
Q1 26
38.4%
Q4 25
42.2%
35.0%
Q3 25
39.8%
Q2 25
37.3%
Q1 25
37.7%
Q4 24
38.8%
Q3 24
40.7%
Q2 24
44.0%
Operating Margin
FORM
FORM
MATW
MATW
Q1 26
7.4%
Q4 25
10.9%
34.2%
Q3 25
8.9%
Q2 25
6.3%
Q1 25
1.9%
Q4 24
4.1%
Q3 24
8.6%
Q2 24
9.0%
Net Margin
FORM
FORM
MATW
MATW
Q1 26
9.0%
Q4 25
10.8%
15.3%
Q3 25
7.7%
Q2 25
4.6%
Q1 25
3.7%
Q4 24
5.1%
Q3 24
9.0%
Q2 24
9.8%
EPS (diluted)
FORM
FORM
MATW
MATW
Q1 26
$0.26
Q4 25
$0.29
$1.39
Q3 25
$0.20
Q2 25
$0.12
Q1 25
$0.08
Q4 24
$0.12
Q3 24
$0.24
Q2 24
$0.25

Balance Sheet & Financial Strength

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

Metric
FORM
FORM
MATW
MATW
Cash + ST InvestmentsLiquidity on hand
$123.5M
$31.4M
Total DebtLower is stronger
$529.8M
Stockholders' EquityBook value
$1.1B
$543.2M
Total Assets
$1.3B
$1.6B
Debt / EquityLower = less leverage
0.98×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FORM
FORM
MATW
MATW
Q1 26
$123.5M
Q4 25
$103.3M
$31.4M
Q3 25
$266.0M
Q2 25
$249.3M
Q1 25
$299.0M
Q4 24
$360.0M
Q3 24
$354.5M
Q2 24
$357.6M
Total Debt
FORM
FORM
MATW
MATW
Q1 26
Q4 25
$12.2M
$529.8M
Q3 25
Q2 25
Q1 25
Q4 24
$13.3M
Q3 24
Q2 24
Stockholders' Equity
FORM
FORM
MATW
MATW
Q1 26
$1.1B
Q4 25
$1.0B
$543.2M
Q3 25
$1.0B
Q2 25
$990.0M
Q1 25
$965.9M
Q4 24
$947.8M
Q3 24
$955.0M
Q2 24
$947.9M
Total Assets
FORM
FORM
MATW
MATW
Q1 26
$1.3B
Q4 25
$1.2B
$1.6B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.1B
Q3 24
$1.2B
Q2 24
$1.2B
Debt / Equity
FORM
FORM
MATW
MATW
Q1 26
Q4 25
0.01×
0.98×
Q3 25
Q2 25
Q1 25
Q4 24
0.01×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
FORM
FORM
MATW
MATW
Operating Cash FlowLast quarter
$45.0M
$-52.0M
Free Cash FlowOCF − Capex
$30.7M
$-57.2M
FCF MarginFCF / Revenue
13.6%
-20.1%
Capex IntensityCapex / Revenue
6.7%
1.8%
Cash ConversionOCF / Net Profit
2.21×
-1.19×
TTM Free Cash FlowTrailing 4 quarters
$37.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FORM
FORM
MATW
MATW
Q1 26
$45.0M
Q4 25
$46.0M
$-52.0M
Q3 25
$27.0M
Q2 25
$18.9M
Q1 25
$23.5M
Q4 24
$35.9M
Q3 24
$26.7M
Q2 24
$21.9M
Free Cash Flow
FORM
FORM
MATW
MATW
Q1 26
$30.7M
Q4 25
$34.7M
$-57.2M
Q3 25
$19.5M
Q2 25
$-47.4M
Q1 25
$5.0M
Q4 24
$28.3M
Q3 24
$17.8M
Q2 24
$13.5M
FCF Margin
FORM
FORM
MATW
MATW
Q1 26
13.6%
Q4 25
16.1%
-20.1%
Q3 25
9.6%
Q2 25
-24.2%
Q1 25
2.9%
Q4 24
14.9%
Q3 24
8.6%
Q2 24
6.8%
Capex Intensity
FORM
FORM
MATW
MATW
Q1 26
6.7%
Q4 25
5.3%
1.8%
Q3 25
3.7%
Q2 25
33.8%
Q1 25
10.8%
Q4 24
4.0%
Q3 24
4.3%
Q2 24
4.3%
Cash Conversion
FORM
FORM
MATW
MATW
Q1 26
2.21×
Q4 25
1.98×
-1.19×
Q3 25
1.72×
Q2 25
2.08×
Q1 25
3.68×
Q4 24
3.70×
Q3 24
1.43×
Q2 24
1.13×

Financial Flow Comparison

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

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