Matthews International vs Service Corp Intl
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The short version
- Service Corp Intl is the larger business, with $4.3B of revenue in fiscal 2025 against $1.5B for Matthews International, about 2.9 times as much.
- Service Corp Intl grew revenue faster (2.9%, against −16.6%).
- Service Corp Intl kept more of each dollar of sales as operating profit (22.7% operating margin, against 5.0%).
- Service Corp Intl turned more of its sales into free cash flow (12.9% FCF margin, against −4.0%).
- Service Corp Intl earned a higher return on the capital invested in it (11.3%, against 3.2%).
| Latest fiscal year | MATW · FY25 | SCI · FY25 |
|---|---|---|
| Size | ||
| Market cap | $605M | $11.5B |
| Revenue | $1.5B | $4.3B |
| Free cash flow | −$59.4M | $554M |
| Net income | −$24.5M | $543M |
| Growth | ||
| Revenue growth | −16.6% | 2.9% |
| 5-year growth | −0.0% | 4.2% |
| Share count change | 0.6% | −2.8% |
| Profitability | ||
| Gross margin | 33.9% | 26.5% |
| Operating margin | 5.0% | 22.7% |
| Net margin | −1.6% | 12.6% |
| FCF margin | −4.0% | 12.9% |
| Return on capital | 3.2% | 11.3% |
| Return on equity | −5.3% | 32.7% |
| Balance sheet | ||
| Net debt | $678M | $4.9B |
| Net debt / EBITDA | 4.6x | 4.0x |
| Dividends and buybacks | $45.0M | $645M |
| Valuation & quality | ||
| P/E | — | 21.8x |
| Piotroski F-score | 5 | 7 |
Revenue
FY16
MATW $1.5B
SCI $3.0B
FY17
MATW $1.5B
SCI $3.1B
FY18
MATW $1.6B
SCI $3.2B
FY19
MATW $1.5B
SCI $3.2B
FY20
MATW $1.5B
SCI $3.5B
FY21
MATW $1.7B
SCI $4.1B
FY22
MATW $1.8B
SCI $4.1B
FY23
MATW $1.9B
SCI $4.1B
FY24
MATW $1.8B
SCI $4.2B
FY25
MATW $1.5B
SCI $4.3B
MATW
SCI
Operating margin
FY16
MATW 8.0%
SCI 16.9%
FY17
MATW 8.0%
SCI 18.5%
FY18
MATW 8.7%
SCI 19.8%
FY19
MATW 0.7%
SCI 20.6%
FY20
MATW −4.3%
SCI 24.0%
FY21
MATW 2.5%
SCI 28.7%
FY22
MATW −2.5%
SCI 22.6%
FY23
MATW 4.7%
SCI 23.0%
FY24
MATW −0.7%
SCI 22.2%
FY25
MATW 5.0%
SCI 22.7%
MATW
SCI
Free cash flow
FY16
MATW $98.6M
SCI $296M
FY17
MATW $104M
SCI $289M
FY18
MATW $104M
SCI $380M
FY19
MATW $93.4M
SCI $389M
FY20
MATW $146M
SCI $582M
FY21
MATW $129M
SCI $617M
FY22
MATW $65.5M
SCI $456M
FY23
MATW $28.9M
SCI $507M
FY24
MATW $34.1M
SCI $571M
FY25
MATW −$59.4M
SCI $554M
MATW
SCI
Return on capital
FY16
MATW 5.3%
SCI 6.6%
FY17
MATW 5.9%
SCI 12.9%
FY18
MATW 8.1%
SCI 12.7%
FY19
MATW 0.5%
SCI 9.9%
FY20
MATW −3.4%
SCI 12.1%
FY21
MATW 1.5%
SCI 16.3%
FY22
MATW −2.7%
SCI 12.0%
FY23
MATW 6.8%
SCI 12.1%
FY24
MATW −0.8%
SCI 11.6%
FY25
MATW 3.2%
SCI 11.3%
MATW
SCI
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.