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Side-by-side financial comparison of MATTHEWS INTERNATIONAL CORP (MATW) and STARWOOD PROPERTY TRUST, INC. (STWD). Click either name above to swap in a different company.

STARWOOD PROPERTY TRUST, INC. is the larger business by last-quarter revenue ($492.9M vs $284.8M, roughly 1.7× MATTHEWS INTERNATIONAL CORP). STARWOOD PROPERTY TRUST, INC. runs the higher net margin — 19.7% vs 15.3%, a 4.3% gap on every dollar of revenue. On growth, STARWOOD PROPERTY TRUST, INC. posted the faster year-over-year revenue change (8.5% 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.

Starwood Hotels and Resorts Worldwide, Inc. was one of the largest companies that owned, operated, franchised and managed hotels, resorts, spas, residences, and vacation ownership properties. Starwood was founded in 1969 as a real estate investment trust named Hotel Investors Trust. In 1995, it was acquired and reorganized by Barry Sternlicht, who was its chairman until 2005 and founder of the Starwood Capital Group. Starwood had 11 brands and owned, managed, or franchised 1,297 properties co...

MATW vs STWD — Head-to-Head

Bigger by revenue
STWD
STWD
1.7× larger
STWD
$492.9M
$284.8M
MATW
Growing faster (revenue YoY)
STWD
STWD
+37.6% gap
STWD
8.5%
-29.1%
MATW
Higher net margin
STWD
STWD
4.3% more per $
STWD
19.7%
15.3%
MATW

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MATW
MATW
STWD
STWD
Revenue
$284.8M
$492.9M
Net Profit
$43.6M
$96.9M
Gross Margin
35.0%
Operating Margin
34.2%
26.6%
Net Margin
15.3%
19.7%
Revenue YoY
-29.1%
8.5%
Net Profit YoY
1356.6%
87.7%
EPS (diluted)
$1.39
$0.25

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
STWD
STWD
Q4 25
$284.8M
$492.9M
Q3 25
$488.9M
Q2 25
$444.3M
Q1 25
$418.2M
Q4 24
$454.4M
Q3 24
$479.5M
Q2 24
$489.8M
Q1 24
$523.1M
Net Profit
MATW
MATW
STWD
STWD
Q4 25
$43.6M
$96.9M
Q3 25
$72.6M
Q2 25
$129.8M
Q1 25
$112.3M
Q4 24
$51.6M
Q3 24
$76.1M
Q2 24
$77.9M
Q1 24
$154.3M
Gross Margin
MATW
MATW
STWD
STWD
Q4 25
35.0%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
MATW
MATW
STWD
STWD
Q4 25
34.2%
26.6%
Q3 25
19.1%
Q2 25
30.5%
Q1 25
28.7%
Q4 24
15.1%
Q3 24
17.2%
Q2 24
19.1%
Q1 24
30.8%
Net Margin
MATW
MATW
STWD
STWD
Q4 25
15.3%
19.7%
Q3 25
14.8%
Q2 25
29.2%
Q1 25
26.8%
Q4 24
11.4%
Q3 24
15.9%
Q2 24
15.9%
Q1 24
29.5%
EPS (diluted)
MATW
MATW
STWD
STWD
Q4 25
$1.39
$0.25
Q3 25
$0.19
Q2 25
$0.38
Q1 25
$0.33
Q4 24
$0.15
Q3 24
$0.23
Q2 24
$0.24
Q1 24
$0.48

Balance Sheet & Financial Strength

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

Metric
MATW
MATW
STWD
STWD
Cash + ST InvestmentsLiquidity on hand
$31.4M
$499.5M
Total DebtLower is stronger
$529.8M
Stockholders' EquityBook value
$543.2M
$6.8B
Total Assets
$1.6B
$63.2B
Debt / EquityLower = less leverage
0.98×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MATW
MATW
STWD
STWD
Q4 25
$31.4M
$499.5M
Q3 25
$301.1M
Q2 25
$259.9M
Q1 25
$440.6M
Q4 24
$377.8M
Q3 24
$357.9M
Q2 24
$259.3M
Q1 24
$327.4M
Total Debt
MATW
MATW
STWD
STWD
Q4 25
$529.8M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
MATW
MATW
STWD
STWD
Q4 25
$543.2M
$6.8B
Q3 25
$6.9B
Q2 25
$6.4B
Q1 25
$6.4B
Q4 24
$6.4B
Q3 24
$6.5B
Q2 24
$6.2B
Q1 24
$6.3B
Total Assets
MATW
MATW
STWD
STWD
Q4 25
$1.6B
$63.2B
Q3 25
$62.4B
Q2 25
$62.4B
Q1 25
$62.2B
Q4 24
$62.6B
Q3 24
$64.2B
Q2 24
$64.1B
Q1 24
$66.2B
Debt / Equity
MATW
MATW
STWD
STWD
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
STWD
STWD
Operating Cash FlowLast quarter
$-52.0M
$488.8M
Free Cash FlowOCF − Capex
$-57.2M
FCF MarginFCF / Revenue
-20.1%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
-1.19×
5.04×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MATW
MATW
STWD
STWD
Q4 25
$-52.0M
$488.8M
Q3 25
$337.6M
Q2 25
$-87.4M
Q1 25
$238.9M
Q4 24
$295.6M
Q3 24
$241.8M
Q2 24
$53.3M
Q1 24
$55.9M
Free Cash Flow
MATW
MATW
STWD
STWD
Q4 25
$-57.2M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
MATW
MATW
STWD
STWD
Q4 25
-20.1%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
MATW
MATW
STWD
STWD
Q4 25
1.8%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
MATW
MATW
STWD
STWD
Q4 25
-1.19×
5.04×
Q3 25
4.65×
Q2 25
-0.67×
Q1 25
2.13×
Q4 24
5.72×
Q3 24
3.18×
Q2 24
0.68×
Q1 24
0.36×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MATW
MATW

Segment breakdown not available.

STWD
STWD

Commercial And Residential Lending Segment$335.2M68%
Infrastructure Lending Segment$70.3M14%
Property Segment$57.8M12%
Other$29.7M6%

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