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 | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $206.71M | $210.51M | $211.88M | $187.17M | $200.16M | $165.58M | $175.04M | $166.01M | $197.66M | $193.84M |
| Cost of Revenue | $189.56M | $197.37M | $197.70M | $176.28M | $187.31M | $185.80M | $164.45M | $160.44M | $185.80M | $195.14M |
| Gross Profit | $17.15M | $13.13M | $14.18M | $10.89M | $12.85M | $7.81M | $10.59M | $5.58M | $11.86M | ($1.30M) |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $15.21M | $15.11M | $16.33M | $17.29M | $17.73M | $18.58M | $15.73M | $19.95M | $17.11M | $17.55M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $2.51M | $2.23M | $2.46M | - | - | $2.52M | - | - | $2.91M | - |
| Operating Income | ($1.05M) | ($2.18M) | ($5.50M) | ($6.39M) | ($5.00M) | ($10.77M) | ($5.14M) | ($14.37M) | ($5.25M) | ($32.44M) |
| Interest Expense | $85.0K | $118.0K | $127.0K | $145.0K | $134.0K | $89.0K | $319.0K | $143.0K | $325.0K | $916.0K |
| Income Tax | $35.0K | $163.0K | $69.0K | $16.0K | $0 | $0 | $6.0K | ($2.0K) | $0 | $0 |
| Net Income | $835.0K | ($894.0K) | ($3.66M) | ($5.53M) | ($3.43M) | ($9.22M) | ($2.85M) | ($14.58M) | ($3.17M) | ($32.83M) |
| EPS - Basic | $0.03 | ($0.03) | ($0.13) | ($0.20) | ($0.12) | ($0.33) | ($0.10) | ($0.53) | ($0.12) | ($1.22) |
| EPS - Diluted | $0.03 | ($0.03) | ($0.13) | ($0.20) | ($0.12) | ($0.33) | ($0.10) | ($0.53) | ($0.12) | ($1.22) |
Balance Sheet
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $233.02M | $198.96M | $192.31M | $224.64M | $185.54M | $124.61M | $115.61M | $69.66M | $27.36M | $54.81M |
| Accounts Receivable | $139.04M | $205.95M | $160.34M | $154.99M | $205.29M | $132.54M | $138.99M | $172.92M | $152.30M | $145.76M |
| Inventory | $6.01M | $6.86M | $5.58M | $5.92M | $6.39M | $7.51M | $8.84M | $9.06M | $9.15M | $7.44M |
| Accounts Payable | $90.14M | $87.98M | $98.20M | $80.45M | $79.05M | $61.67M | $65.63M | $55.19M | $74.09M | $76.36M |
| Current Assets | $412.03M | $450.01M | $410.41M | $419.77M | $443.81M | $308.89M | $301.59M | $293.17M | $245.05M | $262.26M |
| Total Assets | $616.55M | $650.20M | $598.19M | $600.26M | $613.74M | $470.16M | $451.35M | $440.00M | $382.28M | $400.50M |
| Current Liabilities | $460.20M | $495.14M | $443.45M | $436.38M | $442.22M | $292.15M | $265.12M | $252.25M | $171.41M | $187.53M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $477.13M | $512.64M | $461.92M | $457.54M | $463.03M | $313.64M | $287.17M | $274.20M | $203.16M | $219.02M |
| Stockholders' Equity | $139.42M | $137.56M | $136.27M | $142.72M | $150.71M | $156.52M | $164.18M | $165.80M | $179.12M | $181.48M |
| Retained Earnings | $757.0K | ($78.0K) | $816.0K | $4.48M | $15.75M | $24.72M | $33.94M | $38.32M | $55.75M | $58.92M |
Cash Flow
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($25.90M) | - | - | $11.92M | - | - | ($28.88M) | - |
| Investing Cash Flow | - | - | ($1.79M) | - | - | ($1.94M) | - | - | $2.14M | - |
| Financing Cash Flow | - | - | ($4.33M) | - | - | ($1.19M) | - | - | ($411.0K) | - |
| CapEx | - | - | $2.01M | - | - | $1.94M | - | - | $478.0K | - |
| Free Cash Flow | - | - | ($27.91M) | - | - | $9.97M | - | - | ($29.35M) | - |
Ratios
| Metric | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 8.3% | 6.2% | 6.7% | 5.8% | 6.4% | 4.7% | 6.0% | 3.4% | 6.0% | -0.7% |
| Operating margin | -0.5% | -1.0% | -2.6% | -3.4% | -2.5% | -6.5% | -2.9% | -8.7% | -2.7% | -16.7% |
| EBITDA margin | 0.7% | 0.0% | -1.4% | - | - | -5.0% | - | - | -1.2% | - |
| Net margin | 0.4% | -0.4% | -1.7% | -3.0% | -1.7% | -5.6% | -1.6% | -8.8% | -1.6% | -16.9% |
| Free cash flow margin | - | - | -13.2% | - | - | 6.0% | - | - | -14.9% | - |
| FCF / Net income | - | - | 7.62 | - | - | -1.08 | - | - | 9.27 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 7.4% | 7.2% | 7.7% | 9.2% | 8.9% | 11.2% | 9.0% | 12.0% | 8.7% | 9.1% |
| Effective tax rate | 4.0% | - | - | - | - | - | - | - | - | - |
| Return on assets | 0.1% | -0.1% | -0.6% | -0.9% | -0.6% | -2.0% | -0.6% | -3.3% | -0.8% | -8.2% |
| Return on equity | 0.6% | -0.6% | -2.7% | -3.9% | -2.3% | -5.9% | -1.7% | -8.8% | -1.8% | -18.1% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.90 | 0.91 | 0.93 | 0.96 | 1.00 | 1.06 | 1.14 | 1.16 | 1.43 | 1.40 |
| Quick ratio | 0.88 | 0.89 | 0.91 | 0.95 | 0.99 | 1.03 | 1.10 | 1.13 | 1.38 | 1.36 |
| Cash ratio | 0.51 | 0.40 | 0.43 | 0.51 | 0.42 | 0.43 | 0.44 | 0.28 | 0.16 | 0.29 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -12.3x | -18.5x | -43.3x | -44.1x | -37.3x | -121.0x | -16.1x | -100.5x | -16.2x | -35.4x |
| Equity multiplier | 4.42 | 4.73 | 4.39 | 4.21 | 4.07 | 3.00 | 2.75 | 2.65 | 2.13 | 2.21 |
| Liabilities / Assets | 0.77 | 0.79 | 0.77 | 0.76 | 0.75 | 0.67 | 0.64 | 0.62 | 0.53 | 0.55 |
| Efficiency | ||||||||||
| Asset turnover | 0.34 | 0.32 | 0.35 | 0.31 | 0.33 | 0.35 | 0.39 | 0.38 | 0.52 | 0.48 |
| Inventory turnover | 31.55 | 28.76 | 35.44 | 29.79 | 29.32 | 24.75 | 18.61 | 17.71 | 20.30 | 26.24 |
| Days sales outstanding | 246d | 357d | 276d | 302d | 374d | 292d | 290d | 380d | 281d | 274d |
| Days inventory outstanding | 12d | 13d | 10d | 12d | 12d | 15d | 20d | 21d | 18d | 14d |
| Days payable outstanding | 174d | 163d | 181d | 167d | 154d | 121d | 146d | 126d | 146d | 143d |
| Cash conversion cycle | 84d | 207d | 105d | 148d | 233d | 186d | 164d | 275d | 154d | 146d |
| Valuation | ||||||||||
| P / E | 382.7x | - | - | - | - | - | - | - | - | - |
| P / B | 2.3x | 2.4x | 2.7x | 2.6x | 2.3x | 2.0x | 1.7x | 2.2x | 1.8x | 0.9x |
| P / S | 1.6x | 1.6x | 1.7x | 2.0x | 1.7x | 1.9x | 1.6x | 2.2x | 1.6x | 0.8x |
| EV / EBITDA | 64.5x | 2504.8x | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 3.3% | 12.5% | 28.0% | 6.9% | 20.6% | -16.2% | -9.7% | -11.2% | -5.2% | 19.7% |
| Revenue CAGR (3y) | 3.4% | 2.8% | 0.5% | 4.9% | 4.2% | -0.5% | 1.5% | 3.8% | 2.6% | -15.3% |
| Revenue CAGR (5y) | 6.9% | 4.7% | 3.0% | -10.1% | -4.2% | -13.3% | -12.5% | -14.3% | -9.1% | -7.3% |
| Gross profit growth (YoY) | 33.5% | 20.6% | 81.5% | 2.9% | 130.4% | -34.1% | - | 26.2% | -8.8% | - |
| Operating income growth (YoY) | 79.0% | 65.9% | 48.9% | -24.3% | 65.2% | -104.9% | 84.1% | -12.6% | -3.2% | -141.9% |
| Net income growth (YoY) | - | 83.8% | 60.3% | -94.1% | 76.4% | -191.2% | 91.3% | -14.9% | 51.4% | -31.7% |
| EPS growth (YoY) | - | 85.0% | 60.6% | -100.0% | 77.4% | -175.0% | 91.8% | -12.8% | 50.0% | -31.2% |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | 20.3% | - |
| FCF CAGR (5y) | - | - | - | - | - | -26.8% | - | - | - | - |
| Book value growth (YoY) | -7.5% | -3.6% | -12.9% | -13.1% | -9.1% | -12.6% | -9.5% | -7.9% | -19.0% | -20.3% |
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%
Peer comparison
Same SIC group: Construction - Special Trade Contractors
Comparing MATRIX SERVICE CO against the 5 most active filers in the same SIC group.