What does tax credits (net of withholding taxes) mean?

Represents the reduction in income tax liability resulting from government-granted tax credits, net of any associated withholding taxes. These credits are often tied to specific activities like research and development or capital investment. A higher value indicates successful utilization of tax incentives to lower the overall tax burden.

Matthews International MATW Tax credits (net of withholding taxes)

Tax credits (net of withholding taxes) at other companies

Morgan StanleyMS

$78M+4.0%

Corvex MOVE

1.3%—

Vulcan Materials CompanyVMC

0.1%0.0pp

BKBK

$136M-4.2%

XylemXYL

0.2%+0.2pp

Vertex PharmaceuticalsVRTX

0.3+1,615%

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:EffectiveIncomeTaxRateReconciliationTaxCreditNetOfWithholdingTaxesPercent.

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 tax credits (net of withholding taxes)?: Matthews International (MATW) reported tax credits (net of withholding taxes) of -8.5% in Q3 2025.
What does tax credits (net of withholding taxes) mean?: Represents the reduction in income tax liability resulting from government-granted tax credits, net of any associated withholding taxes. These credits are often tied to specific activities like research and development or capital investment. A higher value indicates successful utilization of tax incentives to lower the overall tax burden.