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Side-by-side financial comparison of MATTHEWS INTERNATIONAL CORP (MATW) and NovoCure Ltd (NVCR). Click either name above to swap in a different company.
MATTHEWS INTERNATIONAL CORP is the larger business by last-quarter revenue ($284.8M vs $174.1M, roughly 1.6× NovoCure Ltd). MATTHEWS INTERNATIONAL CORP runs the higher net margin — 15.3% vs -40.9%, a 56.2% gap on every dollar of revenue. On growth, NovoCure Ltd posted the faster year-over-year revenue change (12.3% 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.
NovoCure Ltd is a global oncology company that develops and commercializes innovative Tumor Treating Fields (TTFields) therapy, a non-invasive wearable treatment using low-intensity electric fields to disrupt cancer cell division. Its approved therapies target glioblastoma, malignant mesothelioma and non-small cell lung cancer, serving patients across North America, Europe and Asia Pacific.
MATW vs NVCR — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $284.8M | $174.1M |
| Net Profit | $43.6M | $-71.1M |
| Gross Margin | 35.0% | 77.6% |
| Operating Margin | 34.2% | — |
| Net Margin | 15.3% | -40.9% |
| Revenue YoY | -29.1% | 12.3% |
| Net Profit YoY | 1356.6% | -107.3% |
| EPS (diluted) | $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.
| Q1 26 | — | $174.1M | ||
| Q4 25 | $284.8M | $174.3M | ||
| Q3 25 | — | $167.2M | ||
| Q2 25 | — | $158.8M | ||
| Q1 25 | — | $155.0M | ||
| Q4 24 | — | $161.3M | ||
| Q3 24 | — | $155.1M | ||
| Q2 24 | — | $150.4M |
| Q1 26 | — | $-71.1M | ||
| Q4 25 | $43.6M | $-24.5M | ||
| Q3 25 | — | $-37.3M | ||
| Q2 25 | — | $-40.1M | ||
| Q1 25 | — | $-34.3M | ||
| Q4 24 | — | $-65.9M | ||
| Q3 24 | — | $-30.6M | ||
| Q2 24 | — | $-33.4M |
| Q1 26 | — | 77.6% | ||
| Q4 25 | 35.0% | 75.8% | ||
| Q3 25 | — | 73.2% | ||
| Q2 25 | — | 73.9% | ||
| Q1 25 | — | 75.1% | ||
| Q4 24 | — | 79.2% | ||
| Q3 24 | — | 77.2% | ||
| Q2 24 | — | 77.0% |
| Q1 26 | — | — | ||
| Q4 25 | 34.2% | -23.2% | ||
| Q3 25 | — | -21.5% | ||
| Q2 25 | — | -24.9% | ||
| Q1 25 | — | -24.4% | ||
| Q4 24 | — | -39.3% | ||
| Q3 24 | — | -20.7% | ||
| Q2 24 | — | -22.3% |
| Q1 26 | — | -40.9% | ||
| Q4 25 | 15.3% | -14.1% | ||
| Q3 25 | — | -22.3% | ||
| Q2 25 | — | -25.3% | ||
| Q1 25 | — | -22.1% | ||
| Q4 24 | — | -40.9% | ||
| Q3 24 | — | -19.7% | ||
| Q2 24 | — | -22.2% |
| Q1 26 | — | — | ||
| Q4 25 | $1.39 | $-0.22 | ||
| Q3 25 | — | $-0.33 | ||
| Q2 25 | — | $-0.36 | ||
| Q1 25 | — | $-0.31 | ||
| Q4 24 | — | $-0.61 | ||
| Q3 24 | — | $-0.28 | ||
| Q2 24 | — | $-0.31 |
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 | $432.0M |
| Total DebtLower is stronger | $529.8M | — |
| Stockholders' EquityBook value | $543.2M | $330.7M |
| Total Assets | $1.6B | $787.9M |
| Debt / EquityLower = less leverage | 0.98× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $432.0M | ||
| Q4 25 | $31.4M | $93.5M | ||
| Q3 25 | — | $342.1M | ||
| Q2 25 | — | $149.6M | ||
| Q1 25 | — | $127.3M | ||
| Q4 24 | — | $163.8M | ||
| Q3 24 | — | $185.4M | ||
| Q2 24 | — | $164.8M |
| Q1 26 | — | — | ||
| Q4 25 | $529.8M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $330.7M | ||
| Q4 25 | $543.2M | $340.5M | ||
| Q3 25 | — | $341.3M | ||
| Q2 25 | — | $349.4M | ||
| Q1 25 | — | $362.0M | ||
| Q4 24 | — | $360.2M | ||
| Q3 24 | — | $360.8M | ||
| Q2 24 | — | $361.8M |
| Q1 26 | — | $787.9M | ||
| Q4 25 | $1.6B | $804.3M | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B |
| Q1 26 | — | — | ||
| Q4 25 | 0.98× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-52.0M | — |
| Free Cash FlowOCF − Capex | $-57.2M | — |
| FCF MarginFCF / Revenue | -20.1% | — |
| Capex IntensityCapex / Revenue | 1.8% | — |
| Cash ConversionOCF / Net Profit | -1.19× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-52.0M | $-18.0M | ||
| Q3 25 | — | $20.6M | ||
| Q2 25 | — | $-15.9M | ||
| Q1 25 | — | $-35.7M | ||
| Q4 24 | — | $-3.5M | ||
| Q3 24 | — | $10.4M | ||
| Q2 24 | — | $-1.7M |
| Q1 26 | — | — | ||
| Q4 25 | $-57.2M | $-22.9M | ||
| Q3 25 | — | $14.9M | ||
| Q2 25 | — | $-21.4M | ||
| Q1 25 | — | $-46.3M | ||
| Q4 24 | — | $-12.4M | ||
| Q3 24 | — | $-307.0K | ||
| Q2 24 | — | $-13.2M |
| Q1 26 | — | — | ||
| Q4 25 | -20.1% | -13.1% | ||
| Q3 25 | — | 8.9% | ||
| Q2 25 | — | -13.5% | ||
| Q1 25 | — | -29.9% | ||
| Q4 24 | — | -7.7% | ||
| Q3 24 | — | -0.2% | ||
| Q2 24 | — | -8.8% |
| Q1 26 | — | — | ||
| Q4 25 | 1.8% | 2.8% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 3.5% | ||
| Q1 25 | — | 6.8% | ||
| Q4 24 | — | 5.5% | ||
| Q3 24 | — | 6.9% | ||
| Q2 24 | — | 7.6% |
| Q1 26 | — | — | ||
| Q4 25 | -1.19× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
