Matthews International Corporation (MATW) - Net Assets
Based on the latest financial reports, Matthews International Corporation (MATW) has net assets worth $543.22 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.55 Billion) and total liabilities ($1.01 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Matthews International Corporation (MATW) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $543.22 Million |
| % of Total Assets | 34.98% |
| Annual Growth Rate | 6.35% |
| 5-Year Change | -24.43% |
| 10-Year Change | -32.2% |
| Growth Volatility | 14.66 |
Matthews International Corporation - Net Assets Trend (1994–2025)
This chart illustrates how Matthews International Corporation's net assets have evolved over time, based on quarterly financial data. Also explore MATW current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Matthews International Corporation (1994–2025)
The table below shows the annual net assets of Matthews International Corporation from 1994 to 2025. For live valuation and market cap data, see Matthews International Corporation market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $480.94 Million | +10.00% |
| 2024-09-30 | $437.21 Million | -16.77% |
| 2023-09-30 | $525.28 Million | +7.84% |
| 2022-09-30 | $487.08 Million | -23.46% |
| 2021-09-30 | $636.40 Million | +4.08% |
| 2020-09-30 | $611.43 Million | -14.99% |
| 2019-09-30 | $719.24 Million | -17.21% |
| 2018-09-30 | $868.71 Million | +9.93% |
| 2017-09-30 | $790.26 Million | +11.41% |
| 2016-09-30 | $709.33 Million | -3.37% |
| 2015-09-30 | $734.05 Million | -6.24% |
| 2014-09-30 | $782.89 Million | +41.59% |
| 2013-09-30 | $552.93 Million | +12.63% |
| 2012-09-30 | $490.92 Million | +4.88% |
| 2011-09-30 | $468.09 Million | -5.19% |
| 2010-09-30 | $493.73 Million | +5.95% |
| 2009-09-30 | $466.01 Million | +0.25% |
| 2008-09-30 | $464.85 Million | +8.92% |
| 2007-09-30 | $426.78 Million | +8.75% |
| 2006-09-30 | $392.43 Million | +17.37% |
| 2005-09-30 | $334.36 Million | +7.08% |
| 2004-09-30 | $312.25 Million | +21.86% |
| 2003-09-30 | $256.23 Million | +41.27% |
| 2002-09-30 | $181.38 Million | +26.20% |
| 2001-09-30 | $143.72 Million | +13.29% |
| 2000-09-30 | $126.86 Million | +10.69% |
| 1999-09-30 | $114.60 Million | +9.88% |
| 1998-09-30 | $104.30 Million | +0.10% |
| 1997-09-30 | $104.20 Million | +1.66% |
| 1996-09-30 | $102.50 Million | +18.09% |
| 1995-09-30 | $86.80 Million | +21.57% |
| 1994-09-30 | $71.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Matthews International Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 737.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $565.28 Million | 117.54% |
| Common Stock | $36.33 Million | 7.55% |
| Other Comprehensive Income | $-78.01 Million | -16.22% |
| Total Equity | $480.94 Million | 100.00% |
Matthews International Corporation Competitors by Market Cap
The table below lists competitors of Matthews International Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Scope Metals Group Ltd
TA:SCOP
|
$812.38 Million |
|
Banco Mercantil do Brasil S.A
SA:BMEB3
|
$812.53 Million |
|
Henan Lantian Gas Co Ltd
SHG:605368
|
$812.54 Million |
|
Ninety One Ltd
JSE:NY1
|
$812.58 Million |
|
Patriot Battery Metals Inc
AU:PMT
|
$812.05 Million |
|
Adaptive Plasma Technology Corp
KQ:089970
|
$811.71 Million |
|
PMET Resources Inc.
TO:PMET
|
$811.61 Million |
|
Whirlpool S.A
SA:WHRL3
|
$811.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Matthews International Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 437,158,000 to 480,942,000, a change of 43,784,000 (10.0%).
- Net loss of 24,471,000 reduced equity.
- Dividend payments of 32,759,000 reduced retained earnings.
- Share repurchases of 12,228,000 reduced equity.
- Other comprehensive income increased equity by 90,732,000.
- Other factors increased equity by 22,510,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-24.47 Million | -5.09% |
| Dividends Paid | $32.76 Million | -6.81% |
| Share Repurchases | $12.23 Million | -2.54% |
| Other Comprehensive Income | $90.73 Million | +18.87% |
| Other Changes | $22.51 Million | +4.68% |
| Total Change | $- | 10.02% |
Book Value vs Market Value Analysis
This analysis compares Matthews International Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.85x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 14.38x to 1.85x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-09-30 | $1.99 | $28.61 | x |
| 1995-09-30 | $2.45 | $28.61 | x |
| 1996-09-30 | $2.88 | $28.61 | x |
| 1997-09-30 | $2.95 | $28.61 | x |
| 1998-09-30 | $3.11 | $28.61 | x |
| 1999-09-30 | $3.53 | $28.61 | x |
| 2000-09-30 | $4.00 | $28.61 | x |
| 2001-09-30 | $4.59 | $28.61 | x |
| 2002-09-30 | $5.70 | $28.61 | x |
| 2003-09-30 | $7.71 | $28.61 | x |
| 2004-09-30 | $9.60 | $28.61 | x |
| 2005-09-30 | $10.33 | $28.61 | x |
| 2006-09-30 | $12.17 | $28.61 | x |
| 2007-09-30 | $13.45 | $28.61 | x |
| 2008-09-30 | $13.93 | $28.61 | x |
| 2009-09-30 | $14.23 | $28.61 | x |
| 2010-09-30 | $15.55 | $28.61 | x |
| 2011-09-30 | $16.13 | $28.61 | x |
| 2012-09-30 | $16.94 | $28.61 | x |
| 2013-09-30 | $19.82 | $28.61 | x |
| 2014-09-30 | $23.69 | $28.61 | x |
| 2015-09-30 | $22.02 | $28.61 | x |
| 2016-09-30 | $21.55 | $28.61 | x |
| 2017-09-30 | $24.21 | $28.61 | x |
| 2018-09-30 | $27.25 | $28.61 | x |
| 2019-09-30 | $22.89 | $28.61 | x |
| 2020-09-30 | $19.60 | $28.61 | x |
| 2021-09-30 | $19.90 | $28.61 | x |
| 2022-09-30 | $15.53 | $28.61 | x |
| 2023-09-30 | $16.80 | $28.61 | x |
| 2024-09-30 | $14.14 | $28.61 | x |
| 2025-09-30 | $15.47 | $28.61 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Matthews International Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -5.09%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.63%
- • Asset Turnover: 0.88x
- • Equity Multiplier: 3.52x
- Recent ROE (-5.09%) is below the historical average (10.82%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 19.61% | 8.82% | 1.33x | 1.68x | $6.86 Million |
| 1995 | 17.86% | 9.30% | 1.21x | 1.59x | $6.82 Million |
| 1996 | 19.80% | 11.80% | 1.12x | 1.50x | $10.05 Million |
| 1997 | 18.81% | 10.36% | 1.12x | 1.62x | $9.18 Million |
| 1998 | 21.57% | 10.63% | 1.13x | 1.79x | $12.07 Million |
| 1999 | 21.82% | 10.45% | 1.06x | 1.97x | $13.54 Million |
| 2000 | 22.01% | 10.64% | 1.19x | 1.74x | $15.24 Million |
| 2001 | 21.99% | 11.15% | 0.98x | 2.01x | $17.23 Million |
| 2002 | 19.30% | 8.18% | 1.01x | 2.33x | $16.87 Million |
| 2003 | 17.52% | 9.78% | 1.05x | 1.70x | $19.27 Million |
| 2004 | 18.00% | 11.04% | 0.96x | 1.70x | $24.97 Million |
| 2005 | 17.37% | 9.08% | 0.97x | 1.98x | $24.63 Million |
| 2006 | 16.93% | 9.28% | 1.00x | 1.82x | $27.20 Million |
| 2007 | 15.17% | 8.64% | 0.97x | 1.81x | $22.05 Million |
| 2008 | 18.32% | 9.71% | 0.90x | 2.11x | $36.09 Million |
| 2009 | 13.30% | 7.39% | 0.82x | 2.19x | $14.31 Million |
| 2010 | 14.95% | 8.40% | 0.83x | 2.15x | $22.86 Million |
| 2011 | 15.58% | 8.05% | 0.82x | 2.36x | $25.91 Million |
| 2012 | 11.69% | 6.20% | 0.80x | 2.36x | $8.06 Million |
| 2013 | 9.99% | 5.57% | 0.81x | 2.21x | $-58.50K |
| 2014 | 5.61% | 3.95% | 0.54x | 2.61x | $-34.21 Million |
| 2015 | 8.68% | 4.45% | 0.66x | 2.96x | $-9.63 Million |
| 2016 | 9.42% | 4.51% | 0.71x | 2.95x | $-4.12 Million |
| 2017 | 9.42% | 4.91% | 0.68x | 2.84x | $-4.60 Million |
| 2018 | 12.36% | 6.70% | 0.67x | 2.74x | $20.54 Million |
| 2019 | -5.28% | -2.47% | 0.70x | 3.05x | $-109.91 Million |
| 2020 | -14.25% | -5.82% | 0.72x | 3.39x | $-148.30 Million |
| 2021 | 0.46% | 0.17% | 0.82x | 3.19x | $-60.73 Million |
| 2022 | -20.50% | -5.66% | 0.94x | 3.87x | $-148.54 Million |
| 2023 | 7.47% | 2.09% | 1.00x | 3.59x | $-13.28 Million |
| 2024 | -13.65% | -3.32% | 0.98x | 4.20x | $-103.38 Million |
| 2025 | -5.09% | -1.63% | 0.88x | 3.52x | $-72.57 Million |
Industry Comparison
This section compares Matthews International Corporation's net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $29,956,194,119
- Average return on equity (ROE) among peers: 2.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Matthews International Corporation (MATW) | $543.22 Million | 19.61% | 1.86x | $812.08 Million |
| Air T Inc (AIRT) | $1.80 Million | 38.89% | 1.72x | $56.78 Million |
| Alpine 4 Holdings Inc (ALPP) | $72.11 Million | -26.91% | 0.84x | $13.53K |
| Brookfield Business Corp (BBUC) | $2.63 Billion | -33.70% | 6.25x | $6.77 Billion |
| Boston Omaha Corp (BOC) | $640.60 Million | 8.23% | 0.26x | $362.53 Million |
| Dmc Global Inc (BOOM) | $3.90 Million | 15.38% | 0.62x | $106.32 Million |
| Compass Diversified Holdings (CODI) | $928.94 Million | -6.38% | 2.76x | $740.32 Million |
| Deluxe Corporation (DLX) | $647.50 Million | 30.86% | 1.61x | $1.28 Billion |
| Falcon's Beyond Global, Inc. Class A Common Stock (FBYD) | $-488.99 Million | 0.00% | 0.00x | $454.80 Million |
| FTAI Infrastructure Inc. (FIP) | $738.09 Million | -16.44% | 2.22x | $623.90 Million |
| Fujikura Ltd (FJIKY) | $294.38 Billion | 13.89% | 1.23x | $10.39 Billion |
About Matthews International Corporation
Matthews International Corporation provides brand solutions, memorialization products, and industrial technologies worldwide. It operates through three segments: Memorialization, Industrial Technologies, and Brand Solutions. The Memorialization segment provides bronze and granite memorials, upright granite memorials and monuments, concrete burial vaults, cremation memorialization products, granit… Read more