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Side-by-side financial comparison of MATTHEWS INTERNATIONAL CORP (MATW) and NOVA LTD. (NVMI). Click either name above to swap in a different company.

NOVA LTD. is the larger business by last-quarter revenue ($433.3M vs $284.8M, roughly 1.5× MATTHEWS INTERNATIONAL CORP). NOVA LTD. runs the higher net margin — 30.7% vs 15.3%, a 15.4% gap on every dollar of revenue. NOVA LTD. produced more free cash flow last quarter ($102.6M vs $-57.2M).

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.

Nova Ltd., formerly known as Nova Measuring Instruments, is a publicly traded company that provides advanced metrology solutions for semiconductor manufacturing. Founded in 1993, the company specializes in dimensional, materials, and chemical metrology technologies. Nova is listed on both the NASDAQ Global Market and on the Tel Aviv Stock Exchange under the ticker symbol NVMI.

MATW vs NVMI — Head-to-Head

Bigger by revenue
NVMI
NVMI
1.5× larger
NVMI
$433.3M
$284.8M
MATW
Higher net margin
NVMI
NVMI
15.4% more per $
NVMI
30.7%
15.3%
MATW
More free cash flow
NVMI
NVMI
$159.9M more FCF
NVMI
$102.6M
$-57.2M
MATW

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
MATW
MATW
NVMI
NVMI
Revenue
$284.8M
$433.3M
Net Profit
$43.6M
$133.1M
Gross Margin
35.0%
57.6%
Operating Margin
34.2%
29.7%
Net Margin
15.3%
30.7%
Revenue YoY
-29.1%
Net Profit YoY
1356.6%
EPS (diluted)
$1.39

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

Balance Sheet & Financial Strength

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

Metric
MATW
MATW
NVMI
NVMI
Cash + ST InvestmentsLiquidity on hand
$31.4M
$348.4M
Total DebtLower is stronger
$529.8M
Stockholders' EquityBook value
$543.2M
$1.1B
Total Assets
$1.6B
$1.5B
Debt / EquityLower = less leverage
0.98×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MATW
MATW
NVMI
NVMI
Q4 25
$31.4M
Q2 25
$348.4M
Total Debt
MATW
MATW
NVMI
NVMI
Q4 25
$529.8M
Q2 25
Stockholders' Equity
MATW
MATW
NVMI
NVMI
Q4 25
$543.2M
Q2 25
$1.1B
Total Assets
MATW
MATW
NVMI
NVMI
Q4 25
$1.6B
Q2 25
$1.5B
Debt / Equity
MATW
MATW
NVMI
NVMI
Q4 25
0.98×
Q2 25

Cash Flow & Capital Efficiency

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

Metric
MATW
MATW
NVMI
NVMI
Operating Cash FlowLast quarter
$-52.0M
$114.2M
Free Cash FlowOCF − Capex
$-57.2M
$102.6M
FCF MarginFCF / Revenue
-20.1%
23.7%
Capex IntensityCapex / Revenue
1.8%
2.7%
Cash ConversionOCF / Net Profit
-1.19×
0.86×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MATW
MATW
NVMI
NVMI
Q4 25
$-52.0M
Q2 25
$114.2M
Free Cash Flow
MATW
MATW
NVMI
NVMI
Q4 25
$-57.2M
Q2 25
$102.6M
FCF Margin
MATW
MATW
NVMI
NVMI
Q4 25
-20.1%
Q2 25
23.7%
Capex Intensity
MATW
MATW
NVMI
NVMI
Q4 25
1.8%
Q2 25
2.7%
Cash Conversion
MATW
MATW
NVMI
NVMI
Q4 25
-1.19×
Q2 25
0.86×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MATW
MATW

Segment breakdown not available.

NVMI
NVMI

Products$351.8M81%
Services$81.6M19%

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