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Side-by-side financial comparison of MATTHEWS INTERNATIONAL CORP (MATW) and Victory Capital Holdings, Inc. (VCTR). Click either name above to swap in a different company.

Victory Capital Holdings, Inc. is the larger business by last-quarter revenue ($388.0M vs $284.8M, roughly 1.4× MATTHEWS INTERNATIONAL CORP). Victory Capital Holdings, Inc. runs the higher net margin — 28.9% vs 15.3%, a 13.6% gap on every dollar of revenue. On growth, Victory Capital Holdings, Inc. posted the faster year-over-year revenue change (76.7% 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.

Victory Capital Holdings, Inc. is an American financial services company headquartered in San Antonio, Texas that focuses on investment management. Outside the US, it also has investment professionals in London, Hong Kong and Singapore.

MATW vs VCTR — Head-to-Head

Bigger by revenue
VCTR
VCTR
1.4× larger
VCTR
$388.0M
$284.8M
MATW
Growing faster (revenue YoY)
VCTR
VCTR
+105.8% gap
VCTR
76.7%
-29.1%
MATW
Higher net margin
VCTR
VCTR
13.6% more per $
VCTR
28.9%
15.3%
MATW

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
MATW
MATW
VCTR
VCTR
Revenue
$284.8M
$388.0M
Net Profit
$43.6M
$112.1M
Gross Margin
35.0%
Operating Margin
34.2%
41.0%
Net Margin
15.3%
28.9%
Revenue YoY
-29.1%
76.7%
Net Profit YoY
1356.6%
80.8%
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.

Revenue
MATW
MATW
VCTR
VCTR
Q1 26
$388.0M
Q4 25
$284.8M
$374.1M
Q3 25
$361.2M
Q2 25
$351.2M
Q1 25
$219.6M
Q4 24
$232.4M
Q3 24
$225.6M
Q2 24
$219.6M
Net Profit
MATW
MATW
VCTR
VCTR
Q1 26
$112.1M
Q4 25
$43.6M
$112.8M
Q3 25
$96.5M
Q2 25
$58.7M
Q1 25
$62.0M
Q4 24
$76.9M
Q3 24
$82.0M
Q2 24
$74.3M
Gross Margin
MATW
MATW
VCTR
VCTR
Q1 26
Q4 25
35.0%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Operating Margin
MATW
MATW
VCTR
VCTR
Q1 26
41.0%
Q4 25
34.2%
40.9%
Q3 25
38.2%
Q2 25
26.8%
Q1 25
42.3%
Q4 24
48.1%
Q3 24
53.3%
Q2 24
50.4%
Net Margin
MATW
MATW
VCTR
VCTR
Q1 26
28.9%
Q4 25
15.3%
30.2%
Q3 25
26.7%
Q2 25
16.7%
Q1 25
28.2%
Q4 24
33.1%
Q3 24
36.3%
Q2 24
33.8%
EPS (diluted)
MATW
MATW
VCTR
VCTR
Q1 26
Q4 25
$1.39
$1.33
Q3 25
$1.11
Q2 25
$0.68
Q1 25
$0.96
Q4 24
$1.18
Q3 24
$1.24
Q2 24
$1.12

Balance Sheet & Financial Strength

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

Metric
MATW
MATW
VCTR
VCTR
Cash + ST InvestmentsLiquidity on hand
$31.4M
$75.8M
Total DebtLower is stronger
$529.8M
Stockholders' EquityBook value
$543.2M
$2.4B
Total Assets
$1.6B
$4.1B
Debt / EquityLower = less leverage
0.98×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MATW
MATW
VCTR
VCTR
Q1 26
$75.8M
Q4 25
$31.4M
$163.7M
Q3 25
$115.7M
Q2 25
$107.9M
Q1 25
$175.6M
Q4 24
$126.7M
Q3 24
$188.2M
Q2 24
$119.0M
Total Debt
MATW
MATW
VCTR
VCTR
Q1 26
Q4 25
$529.8M
$970.0M
Q3 25
$972.0M
Q2 25
$965.7M
Q1 25
$964.8M
Q4 24
$963.9M
Q3 24
$982.7M
Q2 24
$981.7M
Stockholders' Equity
MATW
MATW
VCTR
VCTR
Q1 26
$2.4B
Q4 25
$543.2M
$2.4B
Q3 25
$2.4B
Q2 25
$2.5B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.2B
Q2 24
$1.1B
Total Assets
MATW
MATW
VCTR
VCTR
Q1 26
$4.1B
Q4 25
$1.6B
$4.2B
Q3 25
$4.2B
Q2 25
$4.2B
Q1 25
$2.6B
Q4 24
$2.5B
Q3 24
$2.6B
Q2 24
$2.5B
Debt / Equity
MATW
MATW
VCTR
VCTR
Q1 26
Q4 25
0.98×
0.40×
Q3 25
0.41×
Q2 25
0.39×
Q1 25
0.84×
Q4 24
0.86×
Q3 24
0.84×
Q2 24
0.87×

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MATW
MATW
VCTR
VCTR
Q1 26
Q4 25
$-52.0M
$145.1M
Q3 25
$165.9M
Q2 25
$-6.6M
Q1 25
$81.1M
Q4 24
$91.8M
Q3 24
$99.8M
Q2 24
$79.7M
Free Cash Flow
MATW
MATW
VCTR
VCTR
Q1 26
Q4 25
$-57.2M
$144.5M
Q3 25
$164.8M
Q2 25
$-7.5M
Q1 25
$79.5M
Q4 24
$91.7M
Q3 24
$99.4M
Q2 24
$79.5M
FCF Margin
MATW
MATW
VCTR
VCTR
Q1 26
Q4 25
-20.1%
38.6%
Q3 25
45.6%
Q2 25
-2.1%
Q1 25
36.2%
Q4 24
39.4%
Q3 24
44.0%
Q2 24
36.2%
Capex Intensity
MATW
MATW
VCTR
VCTR
Q1 26
Q4 25
1.8%
0.2%
Q3 25
0.3%
Q2 25
0.3%
Q1 25
0.7%
Q4 24
0.1%
Q3 24
0.2%
Q2 24
0.1%
Cash Conversion
MATW
MATW
VCTR
VCTR
Q1 26
Q4 25
-1.19×
1.29×
Q3 25
1.72×
Q2 25
-0.11×
Q1 25
1.31×
Q4 24
1.19×
Q3 24
1.22×
Q2 24
1.07×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MATW
MATW

Segment breakdown not available.

VCTR
VCTR

Investment management fees$316.4M82%
Fund administration and distribution fees$71.6M18%

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