MTDR · Matador Resources Co - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $3.70B | $3.50B | $2.82B | $3.20B | $1.86B | $862.13M |
| Cost of Revenue | $208.14M | $171.49M | $128.91M | $41.50M | - | - |
| Gross Profit | $3.49B | $3.33B | $2.69B | $3.16B | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $137.07M | $127.45M | $110.37M | $116.23M | $96.40M | $62.58M |
| Total Operating Expenses | $623.95M | $513.04M | $1.60B | $1.30B | $869.90M | $1.38B |
| D&A | $1.20B | $974.30M | $716.69M | $466.35M | $344.90M | $361.83M |
| Operating Income | $1.23B | $1.43B | $1.21B | $1.76B | $793.08M | ($521.50M) |
| Interest Expense | $208.52M | $171.69M | $121.52M | $67.16M | $74.69M | $76.69M |
| Income Tax | $172.68M | $292.36M | $186.03M | $399.36M | $74.71M | ($45.60M) |
| Net Income | $759.22M | $885.32M | $846.07M | $1.21B | $584.97M | ($593.21M) |
| EPS - Basic | $6.10 | $7.16 | $7.10 | $10.28 | $5.00 | ($5.11) |
| EPS - Diluted | $6.09 | $7.14 | $7.05 | $10.11 | $4.91 | ($5.11) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $15.31M | $23.03M | $52.66M | $505.18M | $48.13M | $57.92M |
| Accounts Receivable | $286.16M | $331.59M | $274.19M | $224.86M | $164.24M | $85.10M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | $147.14M | $68.19M | $58.85M | $26.26M | $13.98M |
| Current Assets | $816.57M | $927.35M | $715.87M | $1.07B | $371.31M | $261.63M |
| Total Assets | $11.71B | $10.85B | $7.73B | $5.55B | $4.26B | $3.69B |
| Current Liabilities | $1.03B | $995.36M | $685.27M | $575.87M | $464.84M | $290.94M |
| Long-term Debt | $3.40B | $3.33B | $2.21B | - | - | - |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | $5.66B | $5.09B | $3.91B | $3.11B | $1.91B | $1.29B |
| Retained Earnings | $3.15B | $2.56B | $1.78B | $1.01B | ($171.32M) | ($741.71M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.43B | $2.25B | $1.87B | $1.98B | $1.05B | $477.58M |
| Investing Cash Flow | ($2.16B) | ($3.67B) | ($3.21B) | ($1.04B) | ($729.26M) | ($775.67M) |
| Financing Cash Flow | ($282.60M) | $1.41B | $902.33M | ($480.85M) | ($328.55M) | $324.34M |
| CapEx | $2.16B | $3.91B | $3.23B | $1.06B | $837.93M | $721.84M |
| Free Cash Flow | $269.59M | ($1.66B) | ($1.36B) | $915.46M | $215.43M | ($244.26M) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 94.4% | 95.1% | 95.4% | 98.7% | - | - |
| Operating margin | 33.2% | 40.9% | 42.9% | 55.0% | 42.6% | -60.5% |
| EBITDA margin | 65.5% | 68.7% | 68.4% | 69.6% | 61.1% | -18.5% |
| Net margin | 20.5% | 25.3% | 30.0% | 38.0% | 31.4% | -68.8% |
| Free cash flow margin | 7.3% | -47.4% | -48.3% | 28.6% | 11.6% | -28.3% |
| FCF / Net income | 0.36 | -1.87 | -1.61 | 0.75 | 0.37 | 0.41 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 3.7% | 3.6% | 3.9% | 3.6% | 5.2% | 7.3% |
| Effective tax rate | 18.5% | 24.8% | 18.0% | 24.8% | 11.3% | - |
| Return on assets | 6.5% | 8.2% | 10.9% | 21.9% | 13.7% | -16.1% |
| Return on equity | 13.4% | 17.4% | 21.6% | 39.0% | 30.7% | -46.1% |
| Return on invested capital | 11.0% | 12.8% | 16.2% | - | - | - |
| Liquidity | ||||||
| Current ratio | 0.79 | 0.93 | 1.04 | 1.86 | 0.80 | 0.90 |
| Quick ratio | 0.79 | 0.93 | 1.04 | 1.86 | 0.80 | 0.90 |
| Cash ratio | 0.01 | 0.02 | 0.08 | 0.88 | 0.10 | 0.20 |
| Leverage | ||||||
| Debt / Equity | 0.60 | 0.65 | 0.56 | - | - | - |
| Debt / Assets | 0.29 | 0.31 | 0.29 | - | - | - |
| Debt / EBITDA | 1.40 | 1.38 | 1.15 | - | - | - |
| Interest coverage | 5.9x | 8.4x | 10.0x | 26.2x | 10.6x | -6.8x |
| Equity multiplier | 2.07 | 2.13 | 1.98 | 1.79 | 2.23 | 2.87 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 0.32 | 0.32 | 0.36 | 0.58 | 0.44 | 0.23 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 28d | 35d | 36d | 26d | 32d | 36d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | 313d | 193d | 518d | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 7.0x | 7.9x | 8.1x | 5.7x | 7.5x | - |
| P / B | 0.9x | 1.4x | 1.7x | 2.2x | 2.3x | 1.1x |
| P / S | 1.4x | 2.0x | 2.4x | 2.2x | 2.4x | 1.6x |
| EV / EBITDA | 3.6x | 4.3x | 4.7x | 2.9x | 3.8x | - |
| Growth | ||||||
| Revenue growth (YoY) | 5.5% | 24.4% | -11.9% | 71.7% | 116.0% | -16.0% |
| Revenue CAGR (3y) | 5.0% | 23.5% | 48.4% | 46.0% | 27.4% | 16.6% |
| Revenue CAGR (5y) | 33.8% | 27.8% | 25.7% | 42.5% | - | 26.7% |
| Gross profit growth (YoY) | 4.6% | 24.0% | -14.8% | - | - | - |
| Operating income growth (YoY) | -14.5% | 18.6% | -31.3% | 121.8% | - | - |
| Net income growth (YoY) | -14.2% | 4.6% | -30.3% | 107.6% | - | - |
| EPS growth (YoY) | -14.7% | 1.3% | -30.3% | 105.9% | - | - |
| EPS CAGR (3y) | -15.5% | 13.3% | - | 138.0% | 26.8% | - |
| EPS CAGR (5y) | - | 56.9% | 23.9% | 52.4% | - | - |
| FCF growth (YoY) | - | -22.0% | - | 325.0% | - | 38.0% |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 11.2% | 30.1% | 25.7% | 63.1% | 48.2% | -29.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$6.90B totalOil And Gas$3.24B · 47.0%
Oil Reserves$2.84B · 41.2%
Natural Gas Reserves$398.58M · 5.8%
Natural Gas Sales$253.03M · 3.7%
Natural Gas Midstream$164.73M · 2.4%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Crude Petroleum & Natural Gas
Comparing Matador Resources Co against the 5 most active filers in the same SIC group.
Dividends
$1.44/share trailing 12 months · +33.6% YoY
| Ex-date | Per share |
|---|---|
| May 8, 2026 | $0.3750 |
| Feb 27, 2026 | $0.3750 |
| Nov 10, 2025 | $0.3750 |
| Aug 15, 2025 | $0.3130 |
| May 9, 2025 | $0.3130 |
| Feb 28, 2025 | $0.3130 |
| Nov 15, 2024 | $0.2500 |
| Aug 15, 2024 | $0.2000 |
| May 16, 2024 | $0.2000 |
| Feb 22, 2024 | $0.2000 |
| Nov 9, 2023 | $0.2000 |
| Aug 10, 2023 | $0.1500 |
| May 10, 2023 | $0.1500 |
| Feb 24, 2023 | $0.1500 |
| Nov 9, 2022 | $0.1000 |
| Aug 16, 2022 | $0.1000 |
| May 17, 2022 | $0.0500 |
| Mar 3, 2022 | $0.0500 |
| Nov 9, 2021 | $0.0500 |
| Aug 11, 2021 | $0.0250 |
| May 12, 2021 | $0.0250 |
| Mar 23, 2021 | $0.0250 |