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Side-by-side financial comparison of HAWKINS INC (HWKN) 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 $244.1M, roughly 1.2× HAWKINS INC). MATTHEWS INTERNATIONAL CORP runs the higher net margin — 15.3% vs 5.9%, a 9.5% gap on every dollar of revenue. On growth, HAWKINS INC posted the faster year-over-year revenue change (7.9% vs -29.1%). HAWKINS INC produced more free cash flow last quarter ($21.2M vs $-57.2M).

Hawkins Cookers Limited Inc and formerly known as Pressure Cookers and Appliances Ltd, is an Indian company which manufactures pressure cookers and cookware. The company is based in Mumbai and has three manufacturing plants at Thane, Hoshiarpur and Jaunpur. It manufactures under brand names of Hawkins, Futura, Contura, Hevibase, Big Boy, Miss Mary and Ventura. Hawkins is one of the largest pressure cooker manufacturers in India and exports its products to more than 65 countries.

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.

HWKN vs MATW — Head-to-Head

Bigger by revenue
MATW
MATW
1.2× larger
MATW
$284.8M
$244.1M
HWKN
Growing faster (revenue YoY)
HWKN
HWKN
+37.0% gap
HWKN
7.9%
-29.1%
MATW
Higher net margin
MATW
MATW
9.5% more per $
MATW
15.3%
5.9%
HWKN
More free cash flow
HWKN
HWKN
$78.5M more FCF
HWKN
$21.2M
$-57.2M
MATW

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
HWKN
HWKN
MATW
MATW
Revenue
$244.1M
$284.8M
Net Profit
$14.3M
$43.6M
Gross Margin
20.8%
35.0%
Operating Margin
9.2%
34.2%
Net Margin
5.9%
15.3%
Revenue YoY
7.9%
-29.1%
Net Profit YoY
-4.7%
1356.6%
EPS (diluted)
$0.69
$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
HWKN
HWKN
MATW
MATW
Q4 25
$244.1M
$284.8M
Q3 25
$280.4M
Q2 25
$293.3M
Q1 25
$245.3M
Q4 24
$226.2M
Q3 24
$247.0M
Q2 24
$255.9M
Q4 23
$208.5M
Net Profit
HWKN
HWKN
MATW
MATW
Q4 25
$14.3M
$43.6M
Q3 25
$22.6M
Q2 25
$29.2M
Q1 25
$16.3M
Q4 24
$15.0M
Q3 24
$24.1M
Q2 24
$28.9M
Q4 23
$14.9M
Gross Margin
HWKN
HWKN
MATW
MATW
Q4 25
20.8%
35.0%
Q3 25
24.1%
Q2 25
24.7%
Q1 25
21.3%
Q4 24
21.4%
Q3 24
24.4%
Q2 24
25.3%
Q4 23
20.3%
Operating Margin
HWKN
HWKN
MATW
MATW
Q4 25
9.2%
34.2%
Q3 25
12.1%
Q2 25
14.1%
Q1 25
10.0%
Q4 24
9.3%
Q3 24
13.7%
Q2 24
15.6%
Q4 23
8.9%
Net Margin
HWKN
HWKN
MATW
MATW
Q4 25
5.9%
15.3%
Q3 25
8.1%
Q2 25
9.9%
Q1 25
6.7%
Q4 24
6.6%
Q3 24
9.8%
Q2 24
11.3%
Q4 23
7.1%
EPS (diluted)
HWKN
HWKN
MATW
MATW
Q4 25
$0.69
$1.39
Q3 25
$1.08
Q2 25
$1.40
Q1 25
$0.77
Q4 24
$0.72
Q3 24
$1.16
Q2 24
$1.38
Q4 23
$0.71

Balance Sheet & Financial Strength

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

Metric
HWKN
HWKN
MATW
MATW
Cash + ST InvestmentsLiquidity on hand
$31.4M
Total DebtLower is stronger
$264.0M
$529.8M
Stockholders' EquityBook value
$518.9M
$543.2M
Total Assets
$976.5M
$1.6B
Debt / EquityLower = less leverage
0.51×
0.98×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HWKN
HWKN
MATW
MATW
Q4 25
$31.4M
Q3 25
Q2 25
Q1 25
$5.1M
Q4 24
Q3 24
Q2 24
Q4 23
Total Debt
HWKN
HWKN
MATW
MATW
Q4 25
$264.0M
$529.8M
Q3 25
$279.0M
Q2 25
$299.0M
Q1 25
$149.0M
Q4 24
$114.0M
Q3 24
$104.0M
Q2 24
$134.0M
Q4 23
$120.0M
Stockholders' Equity
HWKN
HWKN
MATW
MATW
Q4 25
$518.9M
$543.2M
Q3 25
$507.0M
Q2 25
$484.6M
Q1 25
$460.3M
Q4 24
$457.0M
Q3 24
$443.4M
Q2 24
$421.2M
Q4 23
$393.8M
Total Assets
HWKN
HWKN
MATW
MATW
Q4 25
$976.5M
$1.6B
Q3 25
$984.2M
Q2 25
$988.3M
Q1 25
$769.9M
Q4 24
$707.2M
Q3 24
$689.7M
Q2 24
$702.7M
Q4 23
$644.0M
Debt / Equity
HWKN
HWKN
MATW
MATW
Q4 25
0.51×
0.98×
Q3 25
0.55×
Q2 25
0.62×
Q1 25
0.32×
Q4 24
0.25×
Q3 24
0.23×
Q2 24
0.32×
Q4 23
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
HWKN
HWKN
MATW
MATW
Operating Cash FlowLast quarter
$35.6M
$-52.0M
Free Cash FlowOCF − Capex
$21.2M
$-57.2M
FCF MarginFCF / Revenue
8.7%
-20.1%
Capex IntensityCapex / Revenue
5.9%
1.8%
Cash ConversionOCF / Net Profit
2.48×
-1.19×
TTM Free Cash FlowTrailing 4 quarters
$87.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HWKN
HWKN
MATW
MATW
Q4 25
$35.6M
$-52.0M
Q3 25
$39.5M
Q2 25
$31.5M
Q1 25
$30.8M
Q4 24
$21.0M
Q3 24
$41.6M
Q2 24
$17.6M
Q4 23
$82.7M
Free Cash Flow
HWKN
HWKN
MATW
MATW
Q4 25
$21.2M
$-57.2M
Q3 25
$28.7M
Q2 25
$17.9M
Q1 25
$19.8M
Q4 24
$12.3M
Q3 24
$31.0M
Q2 24
$6.9M
Q4 23
$62.4M
FCF Margin
HWKN
HWKN
MATW
MATW
Q4 25
8.7%
-20.1%
Q3 25
10.2%
Q2 25
6.1%
Q1 25
8.1%
Q4 24
5.4%
Q3 24
12.5%
Q2 24
2.7%
Q4 23
29.9%
Capex Intensity
HWKN
HWKN
MATW
MATW
Q4 25
5.9%
1.8%
Q3 25
3.9%
Q2 25
4.6%
Q1 25
4.5%
Q4 24
3.9%
Q3 24
4.3%
Q2 24
4.2%
Q4 23
9.8%
Cash Conversion
HWKN
HWKN
MATW
MATW
Q4 25
2.48×
-1.19×
Q3 25
1.75×
Q2 25
1.08×
Q1 25
1.89×
Q4 24
1.40×
Q3 24
1.73×
Q2 24
0.61×
Q4 23
5.56×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HWKN
HWKN

Manufactured Blended Or Repackaged Products$107.0M44%
Industrial Solutions$53.6M22%
Food$29.2M12%
Nutrition$24.6M10%
Bulk Products$12.0M5%
Water Surplus Inc.$8.4M3%
Pharmaceutical$7.3M3%
Other$1.5M1%

MATW
MATW

Segment breakdown not available.

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