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Side-by-side financial comparison of Innovex International, Inc. (INVX) 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 $273.6M, roughly 1.0× Innovex International, Inc.). MATTHEWS INTERNATIONAL CORP runs the higher net margin — 15.3% vs 5.1%, a 10.2% gap on every dollar of revenue. On growth, Innovex International, Inc. posted the faster year-over-year revenue change (9.1% vs -29.1%).
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.
INVX vs MATW — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $273.6M | $284.8M |
| Net Profit | $14.0M | $43.6M |
| Gross Margin | 28.9% | 35.0% |
| Operating Margin | 9.4% | 34.2% |
| Net Margin | 5.1% | 15.3% |
| Revenue YoY | 9.1% | -29.1% |
| Net Profit YoY | -56.1% | 1356.6% |
| EPS (diluted) | $0.20 | $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 | $273.6M | $284.8M | ||
| Q3 25 | $240.0M | — | ||
| Q2 25 | $224.2M | — | ||
| Q1 25 | $240.4M | — | ||
| Q4 24 | $250.7M | — | ||
| Q3 24 | $151.8M | — | ||
| Q2 24 | $130.3M | — | ||
| Q1 24 | $128.0M | — |
| Q4 25 | $14.0M | $43.6M | ||
| Q3 25 | $39.2M | — | ||
| Q2 25 | $15.3M | — | ||
| Q1 25 | $14.8M | — | ||
| Q4 24 | $31.8M | — | ||
| Q3 24 | $82.6M | — | ||
| Q2 24 | $9.5M | — | ||
| Q1 24 | $16.4M | — |
| Q4 25 | 28.9% | 35.0% | ||
| Q3 25 | 31.6% | — | ||
| Q2 25 | 32.0% | — | ||
| Q1 25 | 31.8% | — | ||
| Q4 24 | 33.9% | — | ||
| Q3 24 | 34.7% | — | ||
| Q2 24 | 35.3% | — | ||
| Q1 24 | 38.4% | — |
| Q4 25 | 9.4% | 34.2% | ||
| Q3 25 | 26.0% | — | ||
| Q2 25 | 10.1% | — | ||
| Q1 25 | 9.1% | — | ||
| Q4 24 | 10.7% | — | ||
| Q3 24 | -8.7% | — | ||
| Q2 24 | 10.0% | — | ||
| Q1 24 | 17.4% | — |
| Q4 25 | 5.1% | 15.3% | ||
| Q3 25 | 16.3% | — | ||
| Q2 25 | 6.8% | — | ||
| Q1 25 | 6.1% | — | ||
| Q4 24 | 12.7% | — | ||
| Q3 24 | 54.4% | — | ||
| Q2 24 | 7.3% | — | ||
| Q1 24 | 12.8% | — |
| Q4 25 | $0.20 | $1.39 | ||
| Q3 25 | $0.57 | — | ||
| Q2 25 | $0.22 | — | ||
| Q1 25 | $0.21 | — | ||
| Q4 24 | $-0.03 | — | ||
| Q3 24 | $1.99 | — | ||
| Q2 24 | $0.30 | — | ||
| Q1 24 | $0.51 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $31.4M |
| Total DebtLower is stronger | $18.9M | $529.8M |
| Stockholders' EquityBook value | $1.1B | $543.2M |
| Total Assets | $1.3B | $1.6B |
| Debt / EquityLower = less leverage | 0.02× | 0.98× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $31.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $185.6M | — | ||
| Q1 24 | $202.2M | — |
| Q4 25 | $18.9M | $529.8M | ||
| Q3 25 | $20.1M | — | ||
| Q2 25 | $34.8M | — | ||
| Q1 25 | $19.7M | — | ||
| Q4 24 | $24.9M | — | ||
| Q3 24 | $12.4M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.1B | $543.2M | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $995.6M | — | ||
| Q1 25 | $978.4M | — | ||
| Q4 24 | $958.2M | — | ||
| Q3 24 | $904.4M | — | ||
| Q2 24 | $352.5M | — | ||
| Q1 24 | $344.3M | — |
| Q4 25 | $1.3B | $1.6B | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $1.0B | — |
| Q4 25 | 0.02× | 0.98× | ||
| Q3 25 | 0.02× | — | ||
| Q2 25 | 0.03× | — | ||
| Q1 25 | 0.02× | — | ||
| Q4 24 | 0.03× | — | ||
| Q3 24 | 0.01× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $52.2M | $-52.0M |
| Free Cash FlowOCF − Capex | — | $-57.2M |
| FCF MarginFCF / Revenue | — | -20.1% |
| Capex IntensityCapex / Revenue | — | 1.8% |
| Cash ConversionOCF / Net Profit | 3.74× | -1.19× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $52.2M | $-52.0M | ||
| Q3 25 | $48.4M | — | ||
| Q2 25 | $59.2M | — | ||
| Q1 25 | $31.1M | — | ||
| Q4 24 | $36.3M | — | ||
| Q3 24 | $21.7M | — | ||
| Q2 24 | $22.8M | — | ||
| Q1 24 | $12.6M | — |
| Q4 25 | — | $-57.2M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $16.6M | — | ||
| Q1 24 | $7.8M | — |
| Q4 25 | — | -20.1% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 12.7% | — | ||
| Q1 24 | 6.1% | — |
| Q4 25 | — | 1.8% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 4.7% | — | ||
| Q1 24 | 3.7% | — |
| Q4 25 | 3.74× | -1.19× | ||
| Q3 25 | 1.23× | — | ||
| Q2 25 | 3.86× | — | ||
| Q1 25 | 2.11× | — | ||
| Q4 24 | 1.14× | — | ||
| Q3 24 | 0.26× | — | ||
| Q2 24 | 2.39× | — | ||
| Q1 24 | 0.77× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
INVX
| Products | $202.7M | 74% |
| Leasing | $42.3M | 15% |
| Services | $28.6M | 10% |
MATW
Segment breakdown not available.
