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

TIDEWATER INC is the larger business by last-quarter revenue ($336.8M vs $284.8M, roughly 1.2× MATTHEWS INTERNATIONAL CORP). TIDEWATER INC runs the higher net margin — 65.3% vs 15.3%, a 50.0% gap on every dollar of revenue. On growth, TIDEWATER INC posted the faster year-over-year revenue change (-2.4% vs -29.1%). TIDEWATER INC produced more free cash flow last quarter ($147.8M 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.

Tidewater, Inc. is a publicly traded international petroleum service company headquartered in Houston, Texas, U.S. It operates a fleet of ships, primarily providing vessels and marine services to the offshore petroleum and offshore wind industries.

MATW vs TDW — Head-to-Head

Bigger by revenue
TDW
TDW
1.2× larger
TDW
$336.8M
$284.8M
MATW
Growing faster (revenue YoY)
TDW
TDW
+26.7% gap
TDW
-2.4%
-29.1%
MATW
Higher net margin
TDW
TDW
50.0% more per $
TDW
65.3%
15.3%
MATW
More free cash flow
TDW
TDW
$205.1M more FCF
TDW
$147.8M
$-57.2M
MATW

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MATW
MATW
TDW
TDW
Revenue
$284.8M
$336.8M
Net Profit
$43.6M
$219.9M
Gross Margin
35.0%
Operating Margin
34.2%
19.0%
Net Margin
15.3%
65.3%
Revenue YoY
-29.1%
-2.4%
Net Profit YoY
1356.6%
495.8%
EPS (diluted)
$1.39
$4.37

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
TDW
TDW
Q4 25
$284.8M
$336.8M
Q3 25
$341.1M
Q2 25
$341.4M
Q1 25
$333.4M
Q4 24
$345.1M
Q3 24
$340.4M
Q2 24
$339.2M
Q1 24
$321.2M
Net Profit
MATW
MATW
TDW
TDW
Q4 25
$43.6M
$219.9M
Q3 25
$-806.0K
Q2 25
$72.9M
Q1 25
$42.7M
Q4 24
$36.9M
Q3 24
$46.4M
Q2 24
$50.4M
Q1 24
$47.0M
Gross Margin
MATW
MATW
TDW
TDW
Q4 25
35.0%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
MATW
MATW
TDW
TDW
Q4 25
34.2%
19.0%
Q3 25
18.4%
Q2 25
23.7%
Q1 25
22.5%
Q4 24
23.6%
Q3 24
20.6%
Q2 24
23.0%
Q1 24
25.5%
Net Margin
MATW
MATW
TDW
TDW
Q4 25
15.3%
65.3%
Q3 25
-0.2%
Q2 25
21.4%
Q1 25
12.8%
Q4 24
10.7%
Q3 24
13.6%
Q2 24
14.8%
Q1 24
14.6%
EPS (diluted)
MATW
MATW
TDW
TDW
Q4 25
$1.39
$4.37
Q3 25
$-0.02
Q2 25
$1.46
Q1 25
$0.83
Q4 24
$0.70
Q3 24
$0.87
Q2 24
$0.94
Q1 24
$0.89

Balance Sheet & Financial Strength

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

Metric
MATW
MATW
TDW
TDW
Cash + ST InvestmentsLiquidity on hand
$31.4M
$578.8M
Total DebtLower is stronger
$529.8M
$670.1M
Stockholders' EquityBook value
$543.2M
$1.4B
Total Assets
$1.6B
$2.4B
Debt / EquityLower = less leverage
0.98×
0.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MATW
MATW
TDW
TDW
Q4 25
$31.4M
$578.8M
Q3 25
$428.2M
Q2 25
$369.4M
Q1 25
$341.8M
Q4 24
$324.9M
Q3 24
$280.8M
Q2 24
$315.9M
Q1 24
$280.9M
Total Debt
MATW
MATW
TDW
TDW
Q4 25
$529.8M
$670.1M
Q3 25
Q2 25
Q1 25
Q4 24
$647.9M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
MATW
MATW
TDW
TDW
Q4 25
$543.2M
$1.4B
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.1B
Q1 24
$1.1B
Total Assets
MATW
MATW
TDW
TDW
Q4 25
$1.6B
$2.4B
Q3 25
$2.1B
Q2 25
$2.1B
Q1 25
$2.1B
Q4 24
$2.1B
Q3 24
$2.0B
Q2 24
$2.1B
Q1 24
$2.1B
Debt / Equity
MATW
MATW
TDW
TDW
Q4 25
0.98×
0.49×
Q3 25
Q2 25
Q1 25
Q4 24
0.58×
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
TDW
TDW
Operating Cash FlowLast quarter
$-52.0M
$153.0M
Free Cash FlowOCF − Capex
$-57.2M
$147.8M
FCF MarginFCF / Revenue
-20.1%
43.9%
Capex IntensityCapex / Revenue
1.8%
1.5%
Cash ConversionOCF / Net Profit
-1.19×
0.70×
TTM Free Cash FlowTrailing 4 quarters
$353.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MATW
MATW
TDW
TDW
Q4 25
$-52.0M
$153.0M
Q3 25
$54.7M
Q2 25
$85.4M
Q1 25
$86.0M
Q4 24
$100.0M
Q3 24
$49.0M
Q2 24
$78.6M
Q1 24
$54.8M
Free Cash Flow
MATW
MATW
TDW
TDW
Q4 25
$-57.2M
$147.8M
Q3 25
$49.6M
Q2 25
$80.2M
Q1 25
$75.7M
Q4 24
$95.5M
Q3 24
$43.3M
Q2 24
$72.3M
Q1 24
$43.8M
FCF Margin
MATW
MATW
TDW
TDW
Q4 25
-20.1%
43.9%
Q3 25
14.5%
Q2 25
23.5%
Q1 25
22.7%
Q4 24
27.7%
Q3 24
12.7%
Q2 24
21.3%
Q1 24
13.6%
Capex Intensity
MATW
MATW
TDW
TDW
Q4 25
1.8%
1.5%
Q3 25
1.5%
Q2 25
1.5%
Q1 25
3.1%
Q4 24
1.3%
Q3 24
1.7%
Q2 24
1.9%
Q1 24
3.4%
Cash Conversion
MATW
MATW
TDW
TDW
Q4 25
-1.19×
0.70×
Q3 25
Q2 25
1.17×
Q1 25
2.02×
Q4 24
2.71×
Q3 24
1.06×
Q2 24
1.56×
Q1 24
1.16×

Financial Flow Comparison

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

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