The Filing Desk

Driven Brands vs Matthews International

Driven Brands DRVN · Matthews International MATW · Specialized Consumer Services

Driven Brands reported revenue of $1.9 billion in fiscal 2025, 1.2 times Matthews International's $1.5 billion in fiscal 2025. Driven Brands' revenue grew 6.3% in its latest year, and Matthews International's fell 16.6%. Driven Brands had an operating margin of 12.4%, against 5.0% at Matthews International. Free cash flow was $108 million at Driven Brands and −$59 million at Matthews International. Their fiscal years end in different months (December 27 and September 30), so the periods don't line up exactly.

Side by side

Driven BrandsMatthews International
Latest fiscal yearFY2025, Dec 27, 2025FY2025, Sep 30, 2025
Revenue$1.9B$1.5B
Revenue growth6.3%−16.6%
Revenue growth a year, last 5 years15.5%−0.0%
Gross margin—33.9%
Operating margin12.4%5.0%
Net margin7.5%−1.6%
Free cash flow$108M−$59M
Free cash flow margin5.8%−4.0%
Return on capital8.1%3.2%
Net debt to EBITDA5.8x4.6x
Dividends and buybacks$0M$45M
Change in diluted share count1.6%0.6%
Last close$11.89$19.33
P/E at the last close11.9×—
Insider trades, last 12 months—bought $318,112, sold $0
Piotroski F-score6 of 85 of 9
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
Driven BrandsMatthews International
Operating margin
Percent of revenue
Driven BrandsMatthews International
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Driven BrandsMatthews International

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Driven Brands and Matthews International pages.