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Side-by-side financial comparison of MATTHEWS INTERNATIONAL CORP (MATW) and TIC Solutions, Inc. (TIC). Click either name above to swap in a different company.
TIC Solutions, Inc. is the larger business by last-quarter revenue ($508.3M vs $284.8M, roughly 1.8× MATTHEWS INTERNATIONAL CORP). MATTHEWS INTERNATIONAL CORP runs the higher net margin — 15.3% vs -9.3%, a 24.6% gap on every dollar of revenue. TIC Solutions, Inc. produced more free cash flow last quarter ($37.1M 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.
MATW vs TIC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $284.8M | $508.3M |
| Net Profit | $43.6M | $-47.2M |
| Gross Margin | 35.0% | 35.2% |
| Operating Margin | 34.2% | -3.8% |
| Net Margin | 15.3% | -9.3% |
| Revenue YoY | -29.1% | — |
| Net Profit YoY | 1356.6% | — |
| EPS (diluted) | $1.39 | — |
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.
| Q4 25 | $284.8M | $508.3M | ||
| Q3 25 | — | $473.9M | ||
| Q2 25 | — | $313.9M | ||
| Q1 25 | — | $234.2M |
| Q4 25 | $43.6M | $-47.2M | ||
| Q3 25 | — | $-13.9M | ||
| Q2 25 | — | $-233.0K | ||
| Q1 25 | — | $-25.8M |
| Q4 25 | 35.0% | 35.2% | ||
| Q3 25 | — | 32.2% | ||
| Q2 25 | — | 23.6% | ||
| Q1 25 | — | 18.6% |
| Q4 25 | 34.2% | -3.8% | ||
| Q3 25 | — | -1.4% | ||
| Q2 25 | — | 5.8% | ||
| Q1 25 | — | -4.0% |
| Q4 25 | 15.3% | -9.3% | ||
| Q3 25 | — | -2.9% | ||
| Q2 25 | — | -0.1% | ||
| Q1 25 | — | -11.0% |
| Q4 25 | $1.39 | — | ||
| Q3 25 | — | $-0.08 | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $31.4M | $439.5M |
| Total DebtLower is stronger | $529.8M | $1.6B |
| Stockholders' EquityBook value | $543.2M | $2.2B |
| Total Assets | $1.6B | $4.4B |
| Debt / EquityLower = less leverage | 0.98× | 0.74× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.4M | $439.5M | ||
| Q3 25 | — | $164.4M | ||
| Q2 25 | — | $130.1M | ||
| Q1 25 | — | $155.7M |
| Q4 25 | $529.8M | $1.6B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $751.3M | ||
| Q1 25 | — | $752.4M |
| Q4 25 | $543.2M | $2.2B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.1B |
| Q4 25 | $1.6B | $4.4B | ||
| Q3 25 | — | $4.2B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.2B |
| Q4 25 | 0.98× | 0.74× | ||
| Q3 25 | — | 0.83× | ||
| Q2 25 | — | 0.64× | ||
| Q1 25 | — | 0.67× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-52.0M | $49.7M |
| Free Cash FlowOCF − Capex | $-57.2M | $37.1M |
| FCF MarginFCF / Revenue | -20.1% | 7.3% |
| Capex IntensityCapex / Revenue | 1.8% | 2.5% |
| Cash ConversionOCF / Net Profit | -1.19× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $61.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-52.0M | $49.7M | ||
| Q3 25 | — | $19.0M | ||
| Q2 25 | — | $-6.5M | ||
| Q1 25 | — | $32.8M |
| Q4 25 | $-57.2M | $37.1M | ||
| Q3 25 | — | $10.3M | ||
| Q2 25 | — | $-14.5M | ||
| Q1 25 | — | $28.3M |
| Q4 25 | -20.1% | 7.3% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | -4.6% | ||
| Q1 25 | — | 12.1% |
| Q4 25 | 1.8% | 2.5% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 1.9% |
| Q4 25 | -1.19× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MATW
Segment breakdown not available.
TIC
| Consulting Engineering Segment | $300.1M | 59% |
| Geospatial Segment | $131.3M | 26% |
| Fixed Unit Price Contracts | $54.3M | 11% |
| Other | $22.6M | 4% |
