vs

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

TENNANT CO is the larger business by last-quarter revenue ($291.6M vs $284.8M, roughly 1.0× MATTHEWS INTERNATIONAL CORP). MATTHEWS INTERNATIONAL CORP runs the higher net margin — 15.3% vs -1.5%, a 16.8% gap on every dollar of revenue. On growth, TENNANT CO posted the faster year-over-year revenue change (-11.3% vs -29.1%). TENNANT CO produced more free cash flow last quarter ($9.7M 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.

The Tennant Company (TNC:NYQ) is a company with about 4000 employees that provides cleaning products. It is a company that is listed in the New York Stock Exchange.

MATW vs TNC — Head-to-Head

Bigger by revenue
TNC
TNC
1.0× larger
TNC
$291.6M
$284.8M
MATW
Growing faster (revenue YoY)
TNC
TNC
+17.8% gap
TNC
-11.3%
-29.1%
MATW
Higher net margin
MATW
MATW
16.8% more per $
MATW
15.3%
-1.5%
TNC
More free cash flow
TNC
TNC
$66.9M more FCF
TNC
$9.7M
$-57.2M
MATW

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MATW
MATW
TNC
TNC
Revenue
$284.8M
$291.6M
Net Profit
$43.6M
$-4.4M
Gross Margin
35.0%
34.6%
Operating Margin
34.2%
-1.4%
Net Margin
15.3%
-1.5%
Revenue YoY
-29.1%
-11.3%
Net Profit YoY
1356.6%
-166.7%
EPS (diluted)
$1.39
$-0.21

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
TNC
TNC
Q4 25
$284.8M
$291.6M
Q3 25
$303.3M
Q2 25
$318.6M
Q1 25
$290.0M
Q4 24
$328.9M
Q3 24
$315.8M
Q2 24
$331.0M
Q1 24
$311.0M
Net Profit
MATW
MATW
TNC
TNC
Q4 25
$43.6M
$-4.4M
Q3 25
$14.9M
Q2 25
$20.2M
Q1 25
$13.1M
Q4 24
$6.6M
Q3 24
$20.8M
Q2 24
$27.9M
Q1 24
$28.4M
Gross Margin
MATW
MATW
TNC
TNC
Q4 25
35.0%
34.6%
Q3 25
42.7%
Q2 25
42.1%
Q1 25
41.4%
Q4 24
41.3%
Q3 24
42.4%
Q2 24
43.1%
Q1 24
44.2%
Operating Margin
MATW
MATW
TNC
TNC
Q4 25
34.2%
-1.4%
Q3 25
7.4%
Q2 25
9.6%
Q1 25
6.8%
Q4 24
2.3%
Q3 24
9.7%
Q2 24
11.7%
Q1 24
12.1%
Net Margin
MATW
MATW
TNC
TNC
Q4 25
15.3%
-1.5%
Q3 25
4.9%
Q2 25
6.3%
Q1 25
4.5%
Q4 24
2.0%
Q3 24
6.6%
Q2 24
8.4%
Q1 24
9.1%
EPS (diluted)
MATW
MATW
TNC
TNC
Q4 25
$1.39
$-0.21
Q3 25
$0.80
Q2 25
$1.08
Q1 25
$0.69
Q4 24
$0.35
Q3 24
$1.09
Q2 24
$1.45
Q1 24
$1.49

Balance Sheet & Financial Strength

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

Metric
MATW
MATW
TNC
TNC
Cash + ST InvestmentsLiquidity on hand
$31.4M
Total DebtLower is stronger
$529.8M
$273.2M
Stockholders' EquityBook value
$543.2M
$601.6M
Total Assets
$1.6B
$1.3B
Debt / EquityLower = less leverage
0.98×
0.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MATW
MATW
TNC
TNC
Q4 25
$31.4M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Total Debt
MATW
MATW
TNC
TNC
Q4 25
$529.8M
$273.2M
Q3 25
$238.3M
Q2 25
$213.4M
Q1 25
$213.3M
Q4 24
$198.2M
Q3 24
$208.6M
Q2 24
$205.6M
Q1 24
$207.4M
Stockholders' Equity
MATW
MATW
TNC
TNC
Q4 25
$543.2M
$601.6M
Q3 25
$640.9M
Q2 25
$651.9M
Q1 25
$624.4M
Q4 24
$620.8M
Q3 24
$647.2M
Q2 24
$624.6M
Q1 24
$614.6M
Total Assets
MATW
MATW
TNC
TNC
Q4 25
$1.6B
$1.3B
Q3 25
$1.3B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.2B
Q1 24
$1.2B
Debt / Equity
MATW
MATW
TNC
TNC
Q4 25
0.98×
0.45×
Q3 25
0.37×
Q2 25
0.33×
Q1 25
0.34×
Q4 24
0.32×
Q3 24
0.32×
Q2 24
0.33×
Q1 24
0.34×

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
TNC
TNC
Operating Cash FlowLast quarter
$-52.0M
$14.2M
Free Cash FlowOCF − Capex
$-57.2M
$9.7M
FCF MarginFCF / Revenue
-20.1%
3.3%
Capex IntensityCapex / Revenue
1.8%
1.5%
Cash ConversionOCF / Net Profit
-1.19×
TTM Free Cash FlowTrailing 4 quarters
$43.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MATW
MATW
TNC
TNC
Q4 25
$-52.0M
$14.2M
Q3 25
$28.7M
Q2 25
$22.5M
Q1 25
$-400.0K
Q4 24
$37.5M
Q3 24
$30.7M
Q2 24
$18.6M
Q1 24
$2.9M
Free Cash Flow
MATW
MATW
TNC
TNC
Q4 25
$-57.2M
$9.7M
Q3 25
$22.3M
Q2 25
$18.7M
Q1 25
$-7.4M
Q4 24
$28.1M
Q3 24
$26.4M
Q2 24
$14.4M
Q1 24
$-100.0K
FCF Margin
MATW
MATW
TNC
TNC
Q4 25
-20.1%
3.3%
Q3 25
7.4%
Q2 25
5.9%
Q1 25
-2.6%
Q4 24
8.5%
Q3 24
8.4%
Q2 24
4.4%
Q1 24
-0.0%
Capex Intensity
MATW
MATW
TNC
TNC
Q4 25
1.8%
1.5%
Q3 25
2.1%
Q2 25
1.2%
Q1 25
2.4%
Q4 24
2.9%
Q3 24
1.4%
Q2 24
1.3%
Q1 24
1.0%
Cash Conversion
MATW
MATW
TNC
TNC
Q4 25
-1.19×
Q3 25
1.93×
Q2 25
1.11×
Q1 25
-0.03×
Q4 24
5.68×
Q3 24
1.48×
Q2 24
0.67×
Q1 24
0.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MATW
MATW

Segment breakdown not available.

TNC
TNC

Equipment Sales$165.5M57%
Parts And Consumables$69.1M24%
Service And Other$57.0M20%

Related Comparisons