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

PITNEY BOWES INC is the larger business by last-quarter revenue ($477.6M vs $284.8M, roughly 1.7× MATTHEWS INTERNATIONAL CORP). MATTHEWS INTERNATIONAL CORP runs the higher net margin — 15.3% vs 5.7%, a 9.6% gap on every dollar of revenue. On growth, PITNEY BOWES INC posted the faster year-over-year revenue change (-7.5% vs -29.1%). PITNEY BOWES INC produced more free cash flow last quarter ($201.4M 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.

Pitney Bowes is a global technology and logistics company that provides e-commerce shipping, mailing processing, order fulfillment, and customer information management solutions. It serves small, medium, and large enterprise clients across retail, financial services, healthcare, and government sectors worldwide, helping businesses optimize logistics and customer engagement workflows.

MATW vs PBI — Head-to-Head

Bigger by revenue
PBI
PBI
1.7× larger
PBI
$477.6M
$284.8M
MATW
Growing faster (revenue YoY)
PBI
PBI
+21.7% gap
PBI
-7.5%
-29.1%
MATW
Higher net margin
MATW
MATW
9.6% more per $
MATW
15.3%
5.7%
PBI
More free cash flow
PBI
PBI
$258.7M more FCF
PBI
$201.4M
$-57.2M
MATW

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MATW
MATW
PBI
PBI
Revenue
$284.8M
$477.6M
Net Profit
$43.6M
$27.3M
Gross Margin
35.0%
Operating Margin
34.2%
8.0%
Net Margin
15.3%
5.7%
Revenue YoY
-29.1%
-7.5%
Net Profit YoY
1356.6%
173.1%
EPS (diluted)
$1.39
$0.18

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
PBI
PBI
Q4 25
$284.8M
$477.6M
Q3 25
$459.7M
Q2 25
$461.9M
Q1 25
$493.4M
Q4 24
$516.1M
Q3 24
$499.5M
Q2 24
$489.7M
Q1 24
$521.3M
Net Profit
MATW
MATW
PBI
PBI
Q4 25
$43.6M
$27.3M
Q3 25
$52.0M
Q2 25
$30.0M
Q1 25
$35.4M
Q4 24
$-37.4M
Q3 24
$-138.5M
Q2 24
$-24.9M
Q1 24
$-2.9M
Gross Margin
MATW
MATW
PBI
PBI
Q4 25
35.0%
Q3 25
Q2 25
Q1 25
Q4 24
53.8%
Q3 24
52.4%
Q2 24
51.1%
Q1 24
52.3%
Operating Margin
MATW
MATW
PBI
PBI
Q4 25
34.2%
8.0%
Q3 25
14.8%
Q2 25
8.5%
Q1 25
9.5%
Q4 24
-9.3%
Q3 24
-8.8%
Q2 24
-1.6%
Q1 24
9.1%
Net Margin
MATW
MATW
PBI
PBI
Q4 25
15.3%
5.7%
Q3 25
11.3%
Q2 25
6.5%
Q1 25
7.2%
Q4 24
-7.2%
Q3 24
-27.7%
Q2 24
-5.1%
Q1 24
-0.6%
EPS (diluted)
MATW
MATW
PBI
PBI
Q4 25
$1.39
$0.18
Q3 25
$0.30
Q2 25
$0.17
Q1 25
$0.19
Q4 24
$-0.21
Q3 24
$-0.75
Q2 24
$-0.14
Q1 24
$-0.02

Balance Sheet & Financial Strength

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

Metric
MATW
MATW
PBI
PBI
Cash + ST InvestmentsLiquidity on hand
$31.4M
$297.1M
Total DebtLower is stronger
$529.8M
$2.0B
Stockholders' EquityBook value
$543.2M
$-802.4M
Total Assets
$1.6B
$3.2B
Debt / EquityLower = less leverage
0.98×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MATW
MATW
PBI
PBI
Q4 25
$31.4M
$297.1M
Q3 25
$336.0M
Q2 25
$300.8M
Q1 25
$340.0M
Q4 24
$486.1M
Q3 24
$575.5M
Q2 24
$612.0M
Q1 24
$538.0M
Total Debt
MATW
MATW
PBI
PBI
Q4 25
$529.8M
$2.0B
Q3 25
$2.1B
Q2 25
$1.9B
Q1 25
$1.9B
Q4 24
$1.9B
Q3 24
$2.1B
Q2 24
$2.1B
Q1 24
$2.1B
Stockholders' Equity
MATW
MATW
PBI
PBI
Q4 25
$543.2M
$-802.4M
Q3 25
$-661.5M
Q2 25
$-536.8M
Q1 25
$-535.9M
Q4 24
$-578.4M
Q3 24
$-518.9M
Q2 24
$-427.9M
Q1 24
$-392.4M
Total Assets
MATW
MATW
PBI
PBI
Q4 25
$1.6B
$3.2B
Q3 25
$3.3B
Q2 25
$3.2B
Q1 25
$3.3B
Q4 24
$3.4B
Q3 24
$3.6B
Q2 24
$4.1B
Q1 24
$4.1B
Debt / Equity
MATW
MATW
PBI
PBI
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
PBI
PBI
Operating Cash FlowLast quarter
$-52.0M
$221.7M
Free Cash FlowOCF − Capex
$-57.2M
$201.4M
FCF MarginFCF / Revenue
-20.1%
42.2%
Capex IntensityCapex / Revenue
1.8%
4.2%
Cash ConversionOCF / Net Profit
-1.19×
8.11×
TTM Free Cash FlowTrailing 4 quarters
$317.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MATW
MATW
PBI
PBI
Q4 25
$-52.0M
$221.7M
Q3 25
$66.8M
Q2 25
$111.4M
Q1 25
$-16.7M
Q4 24
$134.5M
Q3 24
$14.7M
Q2 24
$92.6M
Q1 24
$-12.6M
Free Cash Flow
MATW
MATW
PBI
PBI
Q4 25
$-57.2M
$201.4M
Q3 25
$51.1M
Q2 25
$98.0M
Q1 25
$-33.6M
Q4 24
$112.3M
Q3 24
$-4.7M
Q2 24
$76.1M
Q1 24
$-26.9M
FCF Margin
MATW
MATW
PBI
PBI
Q4 25
-20.1%
42.2%
Q3 25
11.1%
Q2 25
21.2%
Q1 25
-6.8%
Q4 24
21.8%
Q3 24
-0.9%
Q2 24
15.5%
Q1 24
-5.2%
Capex Intensity
MATW
MATW
PBI
PBI
Q4 25
1.8%
4.2%
Q3 25
3.4%
Q2 25
2.9%
Q1 25
3.4%
Q4 24
4.3%
Q3 24
3.9%
Q2 24
3.4%
Q1 24
2.7%
Cash Conversion
MATW
MATW
PBI
PBI
Q4 25
-1.19×
8.11×
Q3 25
1.29×
Q2 25
3.72×
Q1 25
-0.47×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

MATW
MATW

Segment breakdown not available.

PBI
PBI

Sales And Services$218.4M46%
Presort Services$159.7M33%
Financing And Other$79.0M17%
Other$20.5M4%

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