MTRX

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Matrix Service Company

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Key Metrics

Previous Close: $11.43
52-Week Range: $9.88 – $15.97
Market Cap: $314.54M
P/E (TTM): —
EPS (TTM): -0.53
Dividend Yield: —

Advanced Metrics

Price/Book: 2.26
PEG Ratio: 1.09
Return on Equity: -10.34%
Return on Assets: -1.18%
Gross Margin: 6.22%
Operating Margin: 0.94%
Profit Margin: -1.77%
Current Ratio: 0.90
Debt/Equity: 0.13
Total Debt: $18.69M
Free Cash Flow: $99.42M
Revenue Growth: 3.30%
Earnings Growth: —
Enterprise Value: $99.93M

MTRX Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$707.78M	$795.02M	$728.21M	$769.29M
Cost of Revenue	$708.99M	$764.20M	$687.74M	$729.61M
Gross Profit	-$1.21M	$30.82M	$40.47M	$39.68M
Selling, General & Admin	$67.69M	$68.25M	$70.08M	$71.17M
Operating Expenses	$67.69M	$68.25M	$70.08M	$71.17M
Operating Income	-$68.90M	-$37.43M	-$29.61M	-$31.50M
EBITDA	-$40.08M	-$37.04M	-$12.86M	-$18.47M
Pretax Income	-$58.28M	-$52.76M	-$25.01M	-$29.00M
Income Tax	$5.62M	-$400.00K	-$36.00K	$464.00K
Net Income	-$63.90M	-$52.36M	-$24.98M	-$29.46M
Diluted EPS	-2.39	-1.94	-0.91	-1.06
Diluted Shares	26.73M	26.99M	27.38M	27.77M

MTRX Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$52.37M	$54.81M	$115.61M	$224.64M
Receivables	$212.18M	$191.15M	$173.06M	$184.87M
Inventory	$9.97M	$7.44M	$8.84M	$5.92M
Current Assets	$287.41M	$262.26M	$301.59M	$419.77M
Total Assets	$440.79M	$400.50M	$451.35M	$600.26M
Current Liabilities	$177.78M	$187.53M	$265.12M	$436.38M
Long-Term Debt	$15.00M	$10.00M	—	—
Total Debt	$40.62M	$35.32M	$22.89M	$21.43M
Total Liabilities	$213.09M	$219.02M	$287.17M	$457.54M
Retained Earnings	$111.28M	$58.92M	$33.94M	$4.48M
Shareholders' Equity	$227.71M	$181.48M	$164.18M	$142.72M
Working Capital	$109.63M	$74.72M	$36.48M	-$16.60M

MTRX Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$54.20M	$10.25M	$72.57M	$117.47M
Capital Expenditure	-$3.35M	-$9.01M	-$6.99M	-$7.68M
Free Cash Flow	-$57.54M	$1.24M	$65.58M	$109.79M
Depreciation & Amortisation	$15.25M	$13.69M	$11.02M	$10.01M
Stock-Based Compensation	$7.88M	$6.79M	$7.75M	$8.90M
Investing Cash Flow	$35.67M	-$2.54M	-$945.00K	-$7.45M
Financing Cash Flow	$12.70M	-$5.06M	-$10.37M	-$1.04M
Share Repurchases	$0.00	-$310.00K	-$456.00K	—
Net Change in Cash	-$5.82M	$2.65M	$61.25M	$108.99M

MTRX Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$200.16M	$216.38M	$211.88M	$210.51M	$206.71M
Cost of Revenue	$187.31M	$208.25M	$197.70M	$197.37M	$189.56M
Gross Profit	$12.85M	$8.12M	$14.18M	$13.13M	$17.15M
Selling, General & Admin	$17.73M	$17.58M	$16.33M	$15.11M	$15.21M
Operating Expenses	$17.73M	$17.58M	$16.33M	$15.11M	$15.21M
Operating Income	-$4.88M	-$9.46M	-$2.15M	-$1.98M	$1.94M
EBITDA	-$787.00K	-$8.20M	-$1.01M	$1.62M	$2.97M
Pretax Income	-$3.43M	-$10.82M	-$3.59M	-$731.00K	$870.00K
Income Tax	$0.00	$448.00K	$69.00K	$163.00K	$35.00K
Net Income	-$3.43M	-$11.27M	-$3.66M	-$894.00K	$835.00K
Diluted EPS	-0.12	-0.40	-0.13	-0.03	0.03
Diluted Shares	27.84M	27.88M	28.01M	28.35M	28.53M

MTRX Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$185.54M	$224.64M	$192.31M	$198.96M	$233.02M
Receivables	$244.06M	$184.87M	$198.33M	$231.23M	$163.96M
Inventory	$6.39M	$5.92M	$5.58M	$6.86M	$6.01M
Current Assets	$443.81M	$419.77M	$410.41M	$450.01M	$412.03M
Total Assets	$613.74M	$600.26M	$598.19M	$650.20M	$616.55M
Current Liabilities	$442.22M	$436.38M	$443.45M	$495.14M	$460.20M
Total Debt	$21.47M	$21.43M	$20.36M	$19.39M	$18.69M
Total Liabilities	$463.03M	$457.54M	$461.92M	$512.64M	$477.13M
Retained Earnings	$15.75M	$4.48M	$816.00K	-$78.00K	$757.00K
Shareholders' Equity	$150.71M	$142.72M	$136.27M	$137.56M	$139.42M
Working Capital	$1.58M	-$16.60M	-$33.04M	-$45.13M	-$48.16M

MTRX Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$31.25M	$40.71M	-$25.90M	$7.45M	$34.16M
Capital Expenditure	-$2.57M	-$2.26M	-$2.01M	-$1.18M	-$917.00K
Free Cash Flow	$28.68M	$38.45M	-$27.91M	$6.28M	$33.24M
Depreciation & Amortisation	$2.51M	$2.47M	$2.46M	$2.23M	$2.01M
Stock-Based Compensation	$2.19M	$2.15M	$1.92M	$2.14M	$1.41M
Investing Cash Flow	-$2.49M	-$2.26M	-$1.79M	-$914.00K	$82.00K
Financing Cash Flow	$47.00K	$46.00K	-$4.33M	$55.00K	$46.00K
Net Change in Cash	$28.80M	$38.50M	-$32.02M	$6.59M	$34.29M

Market Snapshot

About

Matrix Service Company is a North American industrial engineering and construction contractor providing services to the energy, power generation, and industrial markets. The company specializes in storage solutions, electrical infrastructure, maintenance services, and construction projects for refineries, terminals, petrochemical facilities, power plants, and other industrial facilities.