MTRX · Matrix Service 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 | $769.29M | $728.21M | $795.02M | $707.78M | $673.40M | $1.10B |
| Cost of Revenue | $729.61M | $687.74M | $764.20M | $708.99M | $640.63M | $998.76M |
| Gross Profit | $39.68M | $40.47M | $30.82M | ($1.21M) | $32.77M | $102.18M |
| R&D | - | - | - | - | - | - |
| SG&A | $71.17M | $70.08M | $68.25M | $67.69M | $69.76M | $86.28M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $10.01M | $11.02M | $13.69M | $15.25M | $17.86M | $19.12M |
| Operating Income | ($35.07M) | ($30.11M) | ($52.89M) | ($87.85M) | ($43.75M) | ($36.63M) |
| Interest Expense | $518.0K | $1.13M | $2.02M | $2.95M | $1.56M | $1.60M |
| Income Tax | $464.0K | ($36.0K) | ($400.0K) | $5.62M | ($12.04M) | ($3.57M) |
| Net Income | ($29.46M) | ($24.98M) | ($52.36M) | ($63.90M) | ($31.22M) | ($33.07M) |
| EPS - Basic | ($1.06) | ($0.91) | ($1.94) | ($2.39) | ($1.18) | ($1.24) |
| EPS - Diluted | ($1.06) | ($0.91) | ($1.94) | ($2.39) | ($1.18) | ($1.24) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $224.64M | $115.61M | $54.81M | $52.37M | $83.88M | $100.04M |
| Accounts Receivable | $154.99M | $138.99M | $145.76M | $153.88M | $148.03M | $160.67M |
| Inventory | $5.92M | $8.84M | $7.44M | $9.97M | $7.34M | $6.46M |
| Accounts Payable | $80.45M | $65.63M | $76.36M | $74.89M | $60.92M | $73.09M |
| Current Assets | $419.77M | $301.59M | $262.26M | $287.41M | $291.22M | $335.16M |
| Total Assets | $600.26M | $451.35M | $400.50M | $440.79M | $467.56M | $517.31M |
| Current Liabilities | $436.38M | $265.12M | $187.53M | $177.78M | $153.40M | $175.95M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $457.54M | $287.17M | $219.02M | $213.09M | $182.02M | $209.42M |
| Stockholders' Equity | $142.72M | $164.18M | $181.48M | $227.71M | $285.54M | $307.89M |
| Retained Earnings | $4.48M | $33.94M | $58.92M | $111.28M | $175.18M | $206.40M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $117.47M | $72.57M | $10.25M | ($54.20M) | ($2.97M) | $44.09M |
| Investing Cash Flow | ($7.45M) | ($945.0K) | ($2.54M) | $35.67M | ($2.26M) | ($17.12M) |
| Financing Cash Flow | ($1.04M) | ($10.37M) | ($5.06M) | $12.70M | ($12.32M) | ($16.04M) |
| CapEx | $7.68M | $6.99M | $9.01M | $3.35M | $4.35M | $18.54M |
| Free Cash Flow | $109.79M | $65.58M | $1.24M | ($57.54M) | ($7.33M) | $25.55M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 5.2% | 5.6% | 3.9% | -0.2% | 4.9% | 9.3% |
| Operating margin | -4.6% | -4.1% | -6.7% | -12.4% | -6.5% | -3.3% |
| EBITDA margin | -3.3% | -2.6% | -4.9% | -10.3% | -3.8% | -1.6% |
| Net margin | -3.8% | -3.4% | -6.6% | -9.0% | -4.6% | -3.0% |
| Free cash flow margin | 14.3% | 9.0% | 0.2% | -8.1% | -1.1% | 2.3% |
| FCF / Net income | -3.73 | -2.63 | -0.02 | 0.90 | 0.23 | -0.77 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 9.3% | 9.6% | 8.6% | 9.6% | 10.4% | 7.8% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -4.9% | -5.5% | -13.1% | -14.5% | -6.7% | -6.4% |
| Return on equity | -20.6% | -15.2% | -28.9% | -28.1% | -10.9% | -10.7% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 0.96 | 1.14 | 1.40 | 1.62 | 1.90 | 1.90 |
| Quick ratio | 0.95 | 1.10 | 1.36 | 1.56 | 1.85 | 1.87 |
| Cash ratio | 0.51 | 0.44 | 0.29 | 0.29 | 0.55 | 0.57 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | -67.7x | -26.6x | -26.1x | -29.8x | -28.1x | -22.9x |
| Equity multiplier | 4.21 | 2.75 | 2.21 | 1.94 | 1.64 | 1.68 |
| Liabilities / Assets | 0.76 | 0.64 | 0.55 | 0.48 | 0.39 | 0.40 |
| Efficiency | ||||||
| Asset turnover | 1.28 | 1.61 | 1.99 | 1.61 | 1.44 | 2.13 |
| Inventory turnover | 123.31 | 77.81 | 102.76 | 71.08 | 87.26 | 154.61 |
| Days sales outstanding | 74d | 70d | 67d | 79d | 80d | 53d |
| Days inventory outstanding | 3d | 5d | 4d | 5d | 4d | 2d |
| Days payable outstanding | 40d | 35d | 36d | 39d | 35d | 27d |
| Cash conversion cycle | 36d | 40d | 34d | 46d | 50d | 29d |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | 2.6x | 1.7x | 0.9x | 0.6x | 1.0x | 0.8x |
| P / S | 0.5x | 0.4x | 0.2x | 0.2x | 0.4x | 0.2x |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 5.6% | -8.4% | 12.3% | 5.1% | -38.8% | -22.3% |
| Revenue CAGR (3y) | 2.8% | 2.6% | -10.3% | -20.7% | -14.9% | -2.8% |
| Revenue CAGR (5y) | -6.9% | -12.5% | -6.1% | -10.0% | -12.5% | -3.9% |
| Gross profit growth (YoY) | -2.0% | 31.3% | - | - | -67.9% | -22.6% |
| Operating income growth (YoY) | -16.5% | 43.1% | 39.8% | -100.8% | -19.4% | - |
| Net income growth (YoY) | -18.0% | 52.3% | 18.1% | -104.7% | 5.6% | - |
| EPS growth (YoY) | -16.5% | 53.1% | 18.8% | -102.5% | 4.8% | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 67.4% | 5197.0% | - | -685.5% | - | 17.0% |
| FCF CAGR (5y) | 33.9% | 24.6% | -54.8% | - | - | 24.1% |
| Book value growth (YoY) | -13.1% | -9.5% | -20.3% | -20.3% | -7.3% | -12.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-06-30.
Business segments
$769.29M totalStorage And Terminal Solutions Segment$365.89M · 47.6%
Utility And Power Infrastructure Segment$248.69M · 32.3%
Process And Industrial Facilities Segment$154.70M · 20.1%
Geographic
$769.29M totalUS$719.39M · 93.5%
CA$41.23M · 5.4%
Otherinternational$8.67M · 1.1%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
1.22
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
3/9
Weak
- ✗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: Construction - Special Trade Contractors
Comparing MATRIX SERVICE CO against the 5 most active filers in the same SIC group.