MATW (MATW) financial statements
MATW reported revenue of $1.5B in fiscal 2025, up 0.1% a year over 9 years.
Net income was -$24M and the operating margin 5.0%, against 8.0% in 2016.
Free cash flow was -$59M, and the company returned $33M in dividends and $12M in net buybacks.
The diluted share count fell 5% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from MATW's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.5B | $1.5B | $1.6B | $1.5B | $1.5B | $1.7B | $1.8B | $1.9B | $1.8B | $1.5B |
| Cost of revenue | $924M | $948M | $1.0B | $995M | $1.0B | $1.1B | $1.2B | $1.3B | $1.3B | $990M |
| Gross profit | $556M | $568M | $584M | $542M | $498M | $542M | $522M | $578M | $530M | $508M |
| Research and development | $16M | $21M | $25M | $15M | $13M | $13M | $16M | $16M | $16M | $17M |
| Selling, general and admin | $417M | $423M | $414M | $409M | $400M | $416M | $427M | $447M | $488M | $467M |
| Operating income | $119M | $121M | $139M | $10M | -$64M | $42M | -$44M | $88M | -$12M | $75M |
| Interest expense | $24M | $26M | $37M | $41M | $35M | $29M | $28M | $45M | $51M | $63M |
| Pre-tax income | $95M | $96M | $98M | -$38M | -$106M | $9M | -$104M | $41M | -$70M | $16M |
| Income tax | $29M | $22M | -$9M | $806,000 | -$19M | $6M | -$4M | $2M | -$10M | $41M |
| Net income | $67M | $74M | $107M | -$38M | -$87M | $3M | -$100M | $39M | -$60M | -$24M |
| EPS (diluted) | $2.03 | $2.28 | $3.37 | -$1.21 | -$2.79 | $0.09 | -$3.18 | $1.26 | -$1.93 | -$0.79 |
| Diluted shares | 33M | 33M | 32M | 31M | 31M | 32M | 31M | 31M | 31M | 31M |
| Gross margin | 37.6% | 37.5% | 36.5% | 35.3% | 33.2% | 32.4% | 29.6% | 30.7% | 29.5% | 33.9% |
| Operating margin | 8.0% | 8.0% | 8.6% | 0.7% | -4.3% | 2.5% | -2.5% | 4.7% | -0.7% | 5.0% |
| Net margin | 4.5% | 4.9% | 6.7% | -2.5% | -5.8% | 0.2% | -5.7% | 2.1% | -3.3% | -1.6% |
Balance sheet
Fiscal years, from MATW's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $56M | $58M | $42M | $35M | $41M | $49M | $69M | $42M | $41M | $32M |
| Receivables | $295M | $320M | $331M | $319M | $295M | $310M | $221M | $208M | $206M | $133M |
| Inventory | $162M | $171M | $180M | $180M | $175M | $189M | $225M | $260M | $238M | $203M |
| Total current assets | $574M | $595M | $615M | $584M | $576M | $624M | $629M | $648M | $633M | $520M |
| Property, plant and equipment | $219M | $236M | $253M | $237M | $237M | $224M | $256M | $270M | $279M | $225M |
| Goodwill | $851M | $898M | $949M | $847M | $765M | $774M | $675M | $698M | $697M | $488M |
| Total assets | $2.1B | $2.2B | $2.4B | $2.2B | $2.1B | $2.0B | $1.9B | $1.9B | $1.8B | $1.7B |
| Total current liabilities | $259M | $285M | $286M | $280M | $317M | $354M | $411M | $395M | $435M | $350M |
| Long-term debt | $845M | $882M | $929M | $898M | $808M | $759M | $795M | $786M | $770M | $704M |
| Total liabilities | $1.4B | $1.5B | $1.5B | $1.5B | $1.5B | $1.4B | $1.4B | $1.4B | $1.4B | $1.2B |
| Shareholders' equity | $709M | $790M | $868M | $718M | $611M | $637M | $487M | $526M | $437M | $481M |
| Net debt | $817M | $854M | $919M | $905M | $793M | $715M | $730M | $748M | $736M | $678M |
Cash flow
Fiscal years, from MATW's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $140M | $149M | $148M | $131M | $180M | $163M | $127M | $80M | $79M | -$24M |
| Capital spending | $42M | $45M | $43M | $38M | $35M | $34M | $61M | $51M | $45M | $36M |
| Free cash flow | $99M | $104M | $104M | $93M | $146M | $128M | $66M | $29M | $34M | -$59M |
| Stock-based compensation | $11M | $15M | $13M | $8M | $8M | $16M | $17M | $17M | $18M | $23M |
| Dividends paid | $19M | $22M | $25M | $26M | $26M | $28M | $28M | $28M | $31M | $33M |
| Share buybacks (net) | -$58M | -$14M | -$21M | -$26M | -$4M | -$12M | -$42M | -$3M | -$21M | -$12M |
| Net borrowing | -$30M | $29M | $53M | -$16M | -$126M | -$77M | $36M | -$18M | -$31M | -$67M |
| Free cash flow margin | 6.7% | 6.9% | 6.5% | 6.1% | 9.7% | 7.7% | 3.7% | 1.5% | 1.9% | -4.0% |
| Dividends per share | $0.59 | $0.67 | $0.77 | $0.82 | $0.85 | $0.87 | $0.88 | $0.90 | $1.02 | $1.05 |
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Open MATW in InvestinglyQuestions
What was MATW's revenue in 2025?
$1.5B in fiscal 2025, from its 10-K filing.
How much free cash flow does MATW generate?
-$59M in fiscal 2025 (operating cash flow minus capital spending).
From MATW's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.