What is Matthews International's pillar two top-up tax?

Matthews International (MATW) reported pillar two top-up tax of 5.3% in Q3 2025.

What does pillar two top-up tax mean?

Reflects the impact of the Pillar Two global minimum tax framework on the company's effective tax rate. It captures the additional tax burden or adjustments required to comply with international tax regulations aimed at ensuring a minimum level of taxation for multinational enterprises.

Matthews International MATW Pillar Two top-up tax

Pillar Two top-up tax at other companies

LKQLKQ

15%0.0pp

Crane NXT, Inc.CXT

$1.3M—

StoneX Group Inc.SNEX

0.8%—

ALH

Alliance Laundry Holdings Inc.ALH

1%—

Baxter InternationalBAX

-$2.75M—

SolarEdge TechnologiesSEDG

15%—

Other financials

Income statement

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Revenue$258.6M-39.5%

Gross profit$102.0M-29.2%

Operating income-$3.2M-153%

Net income-$21.8M-145%

EPS (diluted)-$0.69-138%

Balance sheet

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Cash & equivalents$36.1M-10.3%

Total debt$662.1M-26.6%

Total equity$512.2M+25.5%

Total assets$1.5B-16.2%

Cash flow

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Operating cash flow-$15.4M—

CapEx$4.0M-53.7%

Free cash flow-$19.5M-708%

Valuation

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Market cap$821.87M+26.0%

Enterprise value$1.45B-4.4%

P/E84.6×—

P/S0.7×+0.3×

Profitability

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Gross margin36.3%+5.8pp

Operating margin2.3%-1.2pp

Net margin0.8%+0.4pp

FCF margin-8.3%-8.8pp

Returns & leverage

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Return on equity2.1%+1.1pp

Debt / equity1.3×-0.9×

Current ratio1.6×0.0×

Where this comes from

Reported directly by Matthews International in its filing.

Tagged under the XBRL concept matw:EffectiveIncomeTaxRateReconciliationPillarTwoTopUpTax.

The official record: Matthews International’s 10-K, filed November 21, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Matthews International's pillar two top-up tax?: Matthews International (MATW) reported pillar two top-up tax of 5.3% in Q3 2025.
What does pillar two top-up tax mean?: Reflects the impact of the Pillar Two global minimum tax framework on the company's effective tax rate. It captures the additional tax burden or adjustments required to comply with international tax regulations aimed at ensuring a minimum level of taxation for multinational enterprises.