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

Paycom is the larger business by last-quarter revenue ($544.3M vs $284.8M, roughly 1.9× MATTHEWS INTERNATIONAL CORP). Paycom runs the higher net margin — 20.9% vs 15.3%, a 5.6% gap on every dollar of revenue. On growth, Paycom posted the faster year-over-year revenue change (10.2% vs -29.1%). Paycom produced more free cash flow last quarter ($122.6M 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.

Paycom Software, Inc., known simply as Paycom, is an online payroll and human resource software provider based in Oklahoma City, Oklahoma with offices throughout the United States. It is attributed with being one of the first fully online payroll providers. Founded in 1998, it reported annual revenue of $2.052 billion for 2025, up from $1.883 billion for 2024.

MATW vs PAYC — Head-to-Head

Bigger by revenue
PAYC
PAYC
1.9× larger
PAYC
$544.3M
$284.8M
MATW
Growing faster (revenue YoY)
PAYC
PAYC
+39.3% gap
PAYC
10.2%
-29.1%
MATW
Higher net margin
PAYC
PAYC
5.6% more per $
PAYC
20.9%
15.3%
MATW
More free cash flow
PAYC
PAYC
$179.8M more FCF
PAYC
$122.6M
$-57.2M
MATW

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MATW
MATW
PAYC
PAYC
Revenue
$284.8M
$544.3M
Net Profit
$43.6M
$113.8M
Gross Margin
35.0%
83.9%
Operating Margin
34.2%
28.9%
Net Margin
15.3%
20.9%
Revenue YoY
-29.1%
10.2%
Net Profit YoY
1356.6%
0.2%
EPS (diluted)
$1.39
$2.06

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
MATW
MATW
PAYC
PAYC
Q4 25
$284.8M
$544.3M
Q3 25
$493.3M
Q2 25
$483.6M
Q1 25
$530.5M
Q4 24
$493.9M
Q3 24
$451.9M
Q2 24
$437.5M
Q1 24
$499.9M
Net Profit
MATW
MATW
PAYC
PAYC
Q4 25
$43.6M
$113.8M
Q3 25
$110.7M
Q2 25
$89.5M
Q1 25
$139.4M
Q4 24
$113.6M
Q3 24
$73.3M
Q2 24
$68.0M
Q1 24
$247.2M
Gross Margin
MATW
MATW
PAYC
PAYC
Q4 25
35.0%
83.9%
Q3 25
82.7%
Q2 25
81.9%
Q1 25
84.1%
Q4 24
83.1%
Q3 24
80.5%
Q2 24
80.8%
Q1 24
84.3%
Operating Margin
MATW
MATW
PAYC
PAYC
Q4 25
34.2%
28.9%
Q3 25
22.8%
Q2 25
23.2%
Q1 25
34.9%
Q4 24
30.1%
Q3 24
23.2%
Q2 24
21.7%
Q1 24
57.2%
Net Margin
MATW
MATW
PAYC
PAYC
Q4 25
15.3%
20.9%
Q3 25
22.4%
Q2 25
18.5%
Q1 25
26.3%
Q4 24
23.0%
Q3 24
16.2%
Q2 24
15.5%
Q1 24
49.4%
EPS (diluted)
MATW
MATW
PAYC
PAYC
Q4 25
$1.39
$2.06
Q3 25
$1.96
Q2 25
$1.58
Q1 25
$2.48
Q4 24
$2.04
Q3 24
$1.31
Q2 24
$1.20
Q1 24
$4.37

Balance Sheet & Financial Strength

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

Metric
MATW
MATW
PAYC
PAYC
Cash + ST InvestmentsLiquidity on hand
$31.4M
$370.0M
Total DebtLower is stronger
$529.8M
Stockholders' EquityBook value
$543.2M
$1.7B
Total Assets
$1.6B
$7.6B
Debt / EquityLower = less leverage
0.98×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MATW
MATW
PAYC
PAYC
Q4 25
$31.4M
$370.0M
Q3 25
$375.0M
Q2 25
$532.2M
Q1 25
$520.8M
Q4 24
$402.0M
Q3 24
$325.8M
Q2 24
$346.5M
Q1 24
$371.3M
Total Debt
MATW
MATW
PAYC
PAYC
Q4 25
$529.8M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
MATW
MATW
PAYC
PAYC
Q4 25
$543.2M
$1.7B
Q3 25
$1.7B
Q2 25
$1.8B
Q1 25
$1.7B
Q4 24
$1.6B
Q3 24
$1.5B
Q2 24
$1.4B
Q1 24
$1.4B
Total Assets
MATW
MATW
PAYC
PAYC
Q4 25
$1.6B
$7.6B
Q3 25
$4.2B
Q2 25
$4.0B
Q1 25
$4.6B
Q4 24
$5.9B
Q3 24
$3.5B
Q2 24
$4.3B
Q1 24
$4.7B
Debt / Equity
MATW
MATW
PAYC
PAYC
Q4 25
0.98×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
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
MATW
MATW
PAYC
PAYC
Operating Cash FlowLast quarter
$-52.0M
$196.1M
Free Cash FlowOCF − Capex
$-57.2M
$122.6M
FCF MarginFCF / Revenue
-20.1%
22.5%
Capex IntensityCapex / Revenue
1.8%
13.5%
Cash ConversionOCF / Net Profit
-1.19×
1.72×
TTM Free Cash FlowTrailing 4 quarters
$408.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MATW
MATW
PAYC
PAYC
Q4 25
$-52.0M
$196.1M
Q3 25
$177.8M
Q2 25
$122.5M
Q1 25
$182.5M
Q4 24
$160.4M
Q3 24
$92.8M
Q2 24
$132.1M
Q1 24
$148.6M
Free Cash Flow
MATW
MATW
PAYC
PAYC
Q4 25
$-57.2M
$122.6M
Q3 25
$79.8M
Q2 25
$60.8M
Q1 25
$144.8M
Q4 24
$109.0M
Q3 24
$44.6M
Q2 24
$86.5M
Q1 24
$100.9M
FCF Margin
MATW
MATW
PAYC
PAYC
Q4 25
-20.1%
22.5%
Q3 25
16.2%
Q2 25
12.6%
Q1 25
27.3%
Q4 24
22.1%
Q3 24
9.9%
Q2 24
19.8%
Q1 24
20.2%
Capex Intensity
MATW
MATW
PAYC
PAYC
Q4 25
1.8%
13.5%
Q3 25
19.9%
Q2 25
12.8%
Q1 25
7.1%
Q4 24
10.4%
Q3 24
10.7%
Q2 24
10.4%
Q1 24
9.5%
Cash Conversion
MATW
MATW
PAYC
PAYC
Q4 25
-1.19×
1.72×
Q3 25
1.61×
Q2 25
1.37×
Q1 25
1.31×
Q4 24
1.41×
Q3 24
1.27×
Q2 24
1.94×
Q1 24
0.60×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MATW
MATW

Segment breakdown not available.

PAYC
PAYC

Recurring$510.3M94%
Interest On Funds Held For Clients$27.2M5%
Implementation And Other$6.8M1%

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