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

MATTHEWS INTERNATIONAL CORP is the larger business by last-quarter revenue ($284.8M vs $245.3M, roughly 1.2× Tecnoglass Inc.). MATTHEWS INTERNATIONAL CORP runs the higher net margin — 15.3% vs 10.6%, a 4.7% gap on every dollar of revenue. On growth, Tecnoglass Inc. posted the faster year-over-year revenue change (2.4% vs -29.1%). Tecnoglass Inc. produced more free cash flow last quarter ($11.4M 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.

Tecnoglass Inc. is a leading manufacturer of high-performance architectural glass, aluminum windows, doors, and associated building components. It primarily caters to residential and commercial construction sectors across North America and Latin America, offering custom, energy-efficient solutions for new construction and renovation projects.

MATW vs TGLS — Head-to-Head

Bigger by revenue
MATW
MATW
1.2× larger
MATW
$284.8M
$245.3M
TGLS
Growing faster (revenue YoY)
TGLS
TGLS
+31.5% gap
TGLS
2.4%
-29.1%
MATW
Higher net margin
MATW
MATW
4.7% more per $
MATW
15.3%
10.6%
TGLS
More free cash flow
TGLS
TGLS
$68.7M more FCF
TGLS
$11.4M
$-57.2M
MATW

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MATW
MATW
TGLS
TGLS
Revenue
$284.8M
$245.3M
Net Profit
$43.6M
$26.1M
Gross Margin
35.0%
40.0%
Operating Margin
34.2%
18.3%
Net Margin
15.3%
10.6%
Revenue YoY
-29.1%
2.4%
Net Profit YoY
1356.6%
-44.5%
EPS (diluted)
$1.39
$0.57

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
TGLS
TGLS
Q4 25
$284.8M
$245.3M
Q3 25
$260.5M
Q2 25
$255.5M
Q1 25
$222.3M
Q4 24
$239.6M
Q3 24
$238.3M
Q2 24
$219.7M
Q1 24
$192.6M
Net Profit
MATW
MATW
TGLS
TGLS
Q4 25
$43.6M
$26.1M
Q3 25
$47.2M
Q2 25
$44.1M
Q1 25
$42.2M
Q4 24
$47.0M
Q3 24
$49.5M
Q2 24
$35.0M
Q1 24
$29.7M
Gross Margin
MATW
MATW
TGLS
TGLS
Q4 25
35.0%
40.0%
Q3 25
42.7%
Q2 25
44.7%
Q1 25
43.9%
Q4 24
44.5%
Q3 24
45.8%
Q2 24
40.8%
Q1 24
38.8%
Operating Margin
MATW
MATW
TGLS
TGLS
Q4 25
34.2%
18.3%
Q3 25
25.1%
Q2 25
24.0%
Q1 25
26.7%
Q4 24
28.0%
Q3 24
28.4%
Q2 24
23.3%
Q1 24
21.3%
Net Margin
MATW
MATW
TGLS
TGLS
Q4 25
15.3%
10.6%
Q3 25
18.1%
Q2 25
17.3%
Q1 25
19.0%
Q4 24
19.6%
Q3 24
20.8%
Q2 24
15.9%
Q1 24
15.4%
EPS (diluted)
MATW
MATW
TGLS
TGLS
Q4 25
$1.39
$0.57
Q3 25
$1.01
Q2 25
$0.94
Q1 25
$0.90
Q4 24
$1.00
Q3 24
$1.05
Q2 24
$0.75
Q1 24
$0.63

Balance Sheet & Financial Strength

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

Metric
MATW
MATW
TGLS
TGLS
Cash + ST InvestmentsLiquidity on hand
$31.4M
$104.1M
Total DebtLower is stronger
$529.8M
$174.4M
Stockholders' EquityBook value
$543.2M
$713.1M
Total Assets
$1.6B
$1.3B
Debt / EquityLower = less leverage
0.98×
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MATW
MATW
TGLS
TGLS
Q4 25
$31.4M
$104.1M
Q3 25
$127.1M
Q2 25
$140.9M
Q1 25
$160.2M
Q4 24
$137.5M
Q3 24
$124.8M
Q2 24
$129.5M
Q1 24
$138.8M
Total Debt
MATW
MATW
TGLS
TGLS
Q4 25
$529.8M
$174.4M
Q3 25
$114.7M
Q2 25
$110.6M
Q1 25
$110.6M
Q4 24
$111.1M
Q3 24
$126.8M
Q2 24
$144.7M
Q1 24
$160.9M
Stockholders' Equity
MATW
MATW
TGLS
TGLS
Q4 25
$543.2M
$713.1M
Q3 25
$764.0M
Q2 25
$736.0M
Q1 25
$685.1M
Q4 24
$631.2M
Q3 24
$613.3M
Q2 24
$574.8M
Q1 24
$573.6M
Total Assets
MATW
MATW
TGLS
TGLS
Q4 25
$1.6B
$1.3B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.1B
Q4 24
$1.0B
Q3 24
$996.3M
Q2 24
$942.5M
Q1 24
$981.6M
Debt / Equity
MATW
MATW
TGLS
TGLS
Q4 25
0.98×
0.24×
Q3 25
0.15×
Q2 25
0.15×
Q1 25
0.16×
Q4 24
0.18×
Q3 24
0.21×
Q2 24
0.25×
Q1 24
0.28×

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
TGLS
TGLS
Operating Cash FlowLast quarter
$-52.0M
$31.0M
Free Cash FlowOCF − Capex
$-57.2M
$11.4M
FCF MarginFCF / Revenue
-20.1%
4.7%
Capex IntensityCapex / Revenue
1.8%
8.0%
Cash ConversionOCF / Net Profit
-1.19×
1.19×
TTM Free Cash FlowTrailing 4 quarters
$34.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MATW
MATW
TGLS
TGLS
Q4 25
$-52.0M
$31.0M
Q3 25
$40.0M
Q2 25
$17.9M
Q1 25
$46.9M
Q4 24
$61.1M
Q3 24
$41.5M
Q2 24
$34.5M
Q1 24
$33.4M
Free Cash Flow
MATW
MATW
TGLS
TGLS
Q4 25
$-57.2M
$11.4M
Q3 25
$21.2M
Q2 25
$-14.7M
Q1 25
$16.5M
Q4 24
$35.4M
Q3 24
$17.8M
Q2 24
$14.2M
Q1 24
$23.6M
FCF Margin
MATW
MATW
TGLS
TGLS
Q4 25
-20.1%
4.7%
Q3 25
8.2%
Q2 25
-5.7%
Q1 25
7.4%
Q4 24
14.8%
Q3 24
7.5%
Q2 24
6.5%
Q1 24
12.2%
Capex Intensity
MATW
MATW
TGLS
TGLS
Q4 25
1.8%
8.0%
Q3 25
7.2%
Q2 25
12.7%
Q1 25
13.7%
Q4 24
10.7%
Q3 24
9.9%
Q2 24
9.2%
Q1 24
5.1%
Cash Conversion
MATW
MATW
TGLS
TGLS
Q4 25
-1.19×
1.19×
Q3 25
0.85×
Q2 25
0.41×
Q1 25
1.11×
Q4 24
1.30×
Q3 24
0.84×
Q2 24
0.98×
Q1 24
1.13×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MATW
MATW

Segment breakdown not available.

TGLS
TGLS

Product Sales$164.2M67%
Fixed Price Contracts$81.1M33%
Related Party$692.0K0%

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