Recent News
On January 7, 2026 the company completed the sale of its European roto‑gravure packaging and tooling businesses for approximately $41 million.
On January 15, 2026 Matthews reached an agreement with activist investor Barington Capital under which the investor withdrew director nominations for the 2026 annual meeting.
The board declared a quarterly dividend payable February 23, 2026, with a record date of February 9, 2026.
Technical Analysis
ADX / DI+/DI-: ADX at 8.79 indicates no established trend; directional indicators contradict the weak ADX. DI+ registered a dip-and-reversal and counts as bullish while DI- decreased, which also reads as bullish; these directional readings support the possibility of a near-term upward bias.
MACD: MACD sits at -0.15 with the MACD line above the signal line (-0.26), and the MACD trend shows an increase; the MACD crossing above the signal line constitutes a bullish momentum signal that supports a short-term price lift.
MRO: MRO at 10.05 sits positive, indicating the price sits above the model target and faces downward pressure; the MRO trend shows a peak-and-reversal, signaling a heightened risk of a corrective move from current levels.
RSI and Moving Averages: RSI at 48.32 and rising suggests rebuilding buying interest without overbought readings. The close at $25.61 trades slightly above the 12‑day EMA ($25.30) and 26‑day EMA ($25.42), above the 200‑day average ($24.94), and below the 50‑day average ($25.85), which implies near-term support near short EMAs but limited follow-through above intermediate resistance.
Bands, Volume, Beta: Price sits just below the 1x Bollinger upper band ($25.62), consistent with the MACD bullish signal but offset by MRO pressure. Volume at 142,249 runs below 10‑, 50‑ and 200‑day averages, reducing conviction behind recent moves. 42‑ and 52‑week betas near 0.94–0.97 indicate market‑correlated but sub‑market volatility.
Fundamental Analysis
Profitability: EBIT equals $99,051,000 and EBIT margin stands at 34.78%, above the industry peer mean of 22.46% and above the industry peer median of 23.45%, approaching the industry peer high of 37.29%. QoQ, EBIT margin fell about 12.48% while YoY it improved roughly 13.19%, showing higher margin versus last year but a recent quarter‑on‑quarter contraction.
Earnings and Guidance: Reported EPS for the period equals -$0.19 against an estimate of $0.05, an absolute miss of -$0.24 and an EPS surprise of -480%. Forward EPS consensus sits at $0.30, producing a forward P/E of about 83.55x.
Cash Flow and Capital Structure: Operating cash flow shows an outflow of -$51,992,000 and free cash flow registers -$57,249,000, producing a free cash flow yield of -7.08%. Net debt equals $505,670,000 and debt/EBITDA near 5.25x, while interest coverage sits at 6.77x, below the industry peer mean of 14.67x; those leverage metrics indicate meaningful debt servicing before earnings gains restore cash generation.
Revenue and Returns: Total revenue equals $284,763,000 with revenue growth down 10.69% (reflecting divestitures) but revenue growth QoQ up 22.29% and YoY up 6.44%. Return on equity equals 8.03% and return on assets equals 2.69%, both modest given asset intensity and an asset turnover ratio of 0.175.
Valuation Summary: Price‑to‑book at 1.49 sits below the industry peer mean book multiple of 10.26 and below the industry peer median of 10.91. Price‑to‑sales at 2.84 and enterprise multiple near 12.21x, combined with negative free cash flow and elevated leverage, lead WMDST to value the stock as over‑valued at present.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-02-03 |
| NEXT REPORT DATE: | 2026-05-05 |
| CASH FLOW | Begin Period Cash Flow | $ 32.4 M |
| Operating Cash Flow | $ -51.99 M | |
| Capital Expenditures | $ -5.26 M | |
| Change In Working Capital | $ -2.05 M | |
| Dividends Paid | $ -9.47 M | |
| Cash Flow Delta | $ -1.08 M | |
| End Period Cash Flow | $ 31.4 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 284.8 M | |
| Forward Revenue | $ 15.2 M | |
| COSTS | ||
| Cost Of Revenue | $ 185.1 M | |
| Depreciation | $ 9.7 M | |
| Depreciation and Amortization | $ 12.7 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 300.4 M | |
| PROFITABILITY | ||
| Gross Profit | $ 99.7 M | |
| EBITDA | $ 111.7 M | |
| EBIT | $ 99.1 M | |
| Operating Income | $ -15.69 M | |
| Interest Income | — | |
| Interest Expense | $ 14.6 M | |
| Net Interest Income | $ -14.63 M | |
| Income Before Tax | $ 84.4 M | |
| Tax Provision | $ 40.8 M | |
| Tax Rate | 21.0 % | |
| Net Income | $ 43.6 M | |
| Net Income From Continuing Operations | $ 43.6 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.05 | |
| EPS Actual | $ -0.19 | |
| EPS Difference | $ -0.24 | |
| EPS Surprise | -480.0 % | |
| Forward EPS | $ 0.30 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 1.6 B | |
| Intangible Assets | $ 525.6 M | |
| Net Tangible Assets | $ 17.7 M | |
| Total Current Assets | $ 489.1 M | |
| Cash and Short-Term Investments | $ 31.4 M | |
| Cash | $ 31.4 M | |
| Net Receivables | $ 115.5 M | |
| Inventory | $ 192.4 M | |
| Long-Term Investments | $ 7.0 M | |
| LIABILITIES | ||
| Accounts Payable | $ 94.7 M | |
| Short-Term Debt | $ 7.3 M | |
| Total Current Liabilities | $ 324.9 M | |
| Net Debt | $ 505.7 M | |
| Total Debt | $ 586.4 M | |
| Total Liabilities | $ 1.0 B | |
| EQUITY | ||
| Total Equity | $ 543.2 M | |
| Retained Earnings | $ 600.5 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 17.45 | |
| Shares Outstanding | 31.126 M | |
| Revenue Per-Share | $ 9.15 | |
| VALUATION | Market Capitalization | $ 809.1 M |
| Enterprise Value | $ 1.4 B | |
| Enterprise Multiple | 12.207 | |
| Enterprise Multiple QoQ | -95.409 % | |
| Enterprise Multiple YoY | -52.403 % | |
| Enterprise Multiple IPRWA | high: 142.564 median: 101.918 mean: 77.924 MATW: 12.207 low: -99.977 |
|
| EV/R | 4.79 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.859 | |
| Asset To Liability | 1.538 | |
| Debt To Capital | 0.519 | |
| Debt To Assets | 0.378 | |
| Debt To Assets QoQ | -16.266 % | |
| Debt To Assets YoY | 9223.457 % | |
| Debt To Assets IPRWA | high: 0.671 MATW: 0.378 mean: 0.214 median: 0.144 low: 0.009 |
|
| Debt To Equity | 1.079 | |
| Debt To Equity QoQ | -32.061 % | |
| Debt To Equity YoY | 6046.982 % | |
| Debt To Equity IPRWA | high: 4.556 MATW: 1.079 mean: 0.539 median: 0.324 low: -2.644 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.49 | |
| Price To Book QoQ | -2.405 % | |
| Price To Book YoY | -28.071 % | |
| Price To Book IPRWA | high: 18.254 median: 10.907 mean: 10.256 MATW: 1.49 low: -10.6 |
|
| Price To Earnings (P/E) | -136.818 | |
| Price To Earnings QoQ | -387.007 % | |
| Price To Earnings YoY | -169.29 % | |
| Price To Earnings IPRWA | high: 200.469 mean: 120.306 median: 89.329 low: -94.98 MATW: -136.818 |
|
| PE/G Ratio | 0.991 | |
| Price To Sales (P/S) | 2.841 | |
| Price To Sales QoQ | 23.423 % | |
| Price To Sales YoY | 33.374 % | |
| Price To Sales IPRWA | high: 15.262 mean: 6.159 median: 5.144 MATW: 2.841 low: 0.94 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 83.55 | |
| Forward PE/G | -0.605 | |
| Forward P/S | 53.104 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 105.262 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.175 | |
| Asset Turnover Ratio QoQ | -6.479 % | |
| Asset Turnover Ratio YoY | -20.861 % | |
| Asset Turnover Ratio IPRWA | high: 0.436 median: 0.264 mean: 0.212 MATW: 0.175 low: 0.052 |
|
| Receivables Turnover | 2.293 | |
| Receivables Turnover Ratio QoQ | 4.921 % | |
| Receivables Turnover Ratio YoY | 15.614 % | |
| Receivables Turnover Ratio IPRWA | high: 3.25 MATW: 2.293 mean: 2.076 median: 1.927 low: 0.992 |
|
| Inventory Turnover | 0.937 | |
| Inventory Turnover Ratio QoQ | -4.636 % | |
| Inventory Turnover Ratio YoY | -18.683 % | |
| Inventory Turnover Ratio IPRWA | high: 38.326 mean: 5.477 MATW: 0.937 median: 0.845 low: 0.405 |
|
| Days Sales Outstanding (DSO) | 39.801 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 85.215 | |
| Cash Conversion Cycle Days QoQ | -0.042 % | |
| Cash Conversion Cycle Days YoY | 2.292 % | |
| Cash Conversion Cycle Days IPRWA | high: 193.343 median: 125.577 MATW: 85.215 mean: 72.274 low: -135.154 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 1.733 | |
| CapEx To Revenue | -0.018 | |
| CapEx To Depreciation | -0.54 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 1.1 B | |
| Net Invested Capital | $ 1.1 B | |
| Invested Capital | $ 1.1 B | |
| Net Tangible Assets | $ 17.7 M | |
| Net Working Capital | $ 164.3 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.097 | |
| Current Ratio | 1.506 | |
| Current Ratio QoQ | 1.454 % | |
| Current Ratio YoY | -4.422 % | |
| Current Ratio IPRWA | high: 5.872 MATW: 1.506 mean: 1.431 median: 1.026 low: 0.302 |
|
| Quick Ratio | 0.914 | |
| Quick Ratio QoQ | 0.893 % | |
| Quick Ratio YoY | -5.302 % | |
| Quick Ratio IPRWA | high: 3.798 mean: 1.017 MATW: 0.914 median: 0.905 low: 0.26 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 5.247 | |
| Cost Of Debt | 1.712 % | |
| Interest Coverage Ratio | 6.769 | |
| Interest Coverage Ratio QoQ | -1187.044 % | |
| Interest Coverage Ratio YoY | 977.458 % | |
| Interest Coverage Ratio IPRWA | high: 23.386 median: 17.726 mean: 14.668 MATW: 6.769 low: -19.465 |
|
| Operating Cash Flow Ratio | 0.248 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 43.407 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 4.605 | |
| Dividend Payout Ratio | 0.217 | |
| Dividend Rate | $ 0.30 | |
| Dividend Yield | 0.012 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -8.355 % | |
| Revenue Growth | -10.688 % | |
| Revenue Growth QoQ | 22.288 % | |
| Revenue Growth YoY | 6.444 % | |
| Revenue Growth IPRWA | high: 31.015 % mean: 6.62 % median: 3.012 % MATW: -10.688 % low: -35.435 % |
|
| Earnings Growth | -138.0 % | |
| Earnings Growth QoQ | -275.637 % | |
| Earnings Growth YoY | 85.123 % | |
| Earnings Growth IPRWA | high: 45.161 % median: 0.833 % mean: -4.974 % low: -115.753 % MATW: -138.0 % |
|
| MARGINS | ||
| Gross Margin | 35.002 % | |
| Gross Margin QoQ | -3.653 % | |
| Gross Margin YoY | 11.903 % | |
| Gross Margin IPRWA | high: 89.385 % median: 50.446 % mean: 48.21 % MATW: 35.002 % low: -10.605 % |
|
| EBIT Margin | 34.784 % | |
| EBIT Margin QoQ | -1247.608 % | |
| EBIT Margin YoY | 1318.597 % | |
| EBIT Margin IPRWA | high: 37.289 % MATW: 34.784 % median: 23.449 % mean: 22.457 % low: -61.357 % |
|
| Return On Sales (ROS) | -5.508 % | |
| Return On Sales QoQ | 86.902 % | |
| Return On Sales YoY | -324.633 % | |
| Return On Sales IPRWA | high: 37.289 % mean: 24.003 % median: 23.418 % MATW: -5.508 % low: -54.444 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -57.25 M | |
| Free Cash Flow Yield | -7.075 % | |
| Free Cash Flow Yield QoQ | -5852.033 % | |
| Free Cash Flow Yield YoY | 75.341 % | |
| Free Cash Flow Yield IPRWA | high: 12.861 % mean: 1.111 % median: 0.553 % low: -5.842 % MATW: -7.075 % |
|
| Free Cash Growth | -6439.867 % | |
| Free Cash Growth QoQ | 6099.81 % | |
| Free Cash Growth YoY | 2534.162 % | |
| Free Cash Growth IPRWA | high: 321.059 % median: 35.98 % mean: 27.125 % low: -171.538 % MATW: -6439.867 % |
|
| Free Cash To Net Income | -1.312 | |
| Cash Flow Margin | 28.253 % | |
| Cash Flow To Earnings | 1.844 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 2.687 % | |
| Return On Assets QoQ | -266.275 % | |
| Return On Assets YoY | -1506.806 % | |
| Return On Assets IPRWA | high: 5.205 % median: 3.906 % mean: 3.423 % MATW: 2.687 % low: -5.228 % |
|
| Return On Capital Employed (ROCE) | 8.066 % | |
| Return On Equity (ROE) | 0.08 | |
| Return On Equity QoQ | -240.616 % | |
| Return On Equity YoY | -1056.19 % | |
| Return On Equity IPRWA | high: 0.245 MATW: 0.08 mean: 0.068 median: 0.064 low: -0.22 |
|
| DuPont ROE | 8.52 % | |
| Return On Invested Capital (ROIC) | 7.244 % | |
| Return On Invested Capital QoQ | -1230.109 % | |
| Return On Invested Capital YoY | -132.173 % | |
| Return On Invested Capital IPRWA | high: 8.039 % MATW: 7.244 % mean: 4.554 % median: 3.706 % low: -10.593 % |
|