NASDAQ : MTRX
Matrix Service Company — Financial statements
Industrials · Engineering & Construction · United States
Last price 9.87 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 279.24M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Matrix Service Company (MTRX) reported revenue of 873.63M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 873.63M | 873.63M | 769.29M | 728.21M | 795.02M | 707.78M |
| Cost of Revenue | 809.68M | 809.68M | 729.61M | 687.74M | 764.20M | 708.99M |
| Gross Profit | 63.95M | 63.95M | 39.68M | 40.47M | 30.82M | -1.21M |
| Selling, General & Admin | 63.61M | 63.61M | 71.17M | 70.08M | 68.25M | 67.69M |
| Other Operating Expenses | 428.00K | 428.00K | 175.00K | |||
| Operating Expenses | 64.03M | 64.03M | 71.35M | 70.08M | 68.25M | 67.69M |
| Operating Income | -83.00K | -83.00K | -31.67M | -29.61M | -37.43M | -68.90M |
| Interest Expense | -437.00K | -437.00K | -518.00K | -1.13M | -2.02M | -2.95M |
| Interest & Investment Income | 7.72M | 7.72M | 6.65M | 1.34M | 290.00K | 90.00K |
| Other Non Operating Income (Expenses) | 114.00K | 114.00K | -64.00K | 2.89M | -1.04M | 32.43M |
| EBT Excluding Unusual Items | 7.31M | 7.31M | -25.60M | -26.51M | -40.20M | -39.33M |
| Merger & Restructuring Charges | -5.95M | -5.95M | -3.40M | -501.00K | -3.14M | -646.00K |
| Impairment of Goodwill | -12.32M | -18.31M | ||||
| Gain (Loss) on Sale of Assets | 2.00M | 2.90M | ||||
| Other Unusual Items | -3.59M | -3.59M | ||||
| Pretax Income | -2.22M | -2.22M | -29.00M | -25.01M | -52.76M | -58.28M |
| Income Tax Expense | 356.00K | 356.00K | 464.00K | -36.00K | -400.00K | 5.62M |
| Earnings From Continuing Operations | -2.58M | -2.58M | -29.46M | -24.98M | -52.36M | -63.90M |
| Net Income | -2.58M | -2.58M | -29.46M | -24.98M | -52.36M | -63.90M |
| Net Income to Common | -2.58M | -2.58M | -29.46M | -24.98M | -52.36M | -63.90M |
| Shares Outstanding (Basic) | 28.30M | 28.30M | 27.77M | 27.38M | 26.99M | 26.73M |
| Shares Outstanding (Diluted) | 28.30M | 28.30M | 27.77M | 27.38M | 26.99M | 26.73M |
| EPS (Basic) | -0.09 | -0.09 | -1.06 | -0.91 | -1.94 | -2.39 |
| EPS (Diluted) | -0.09 | -0.09 | -1.06 | -0.91 | -1.94 | -2.39 |
| Free Cash Flow | 1.42M | 1.42M | 109.79M | 65.58M | 1.24M | -57.54M |
| Free Cash Flow Per Share | 0.05 | 0.05 | 3.95 | 2.40 | 0.05 | -2.15 |
| Gross Margin | 7.32% | 7.32% | 5.16% | 5.56% | 3.88% | -0.17% |
| Operating Margin | -0.01% | -0.01% | -4.12% | -4.07% | -4.71% | -9.73% |
| Profit Margin | -0.29% | -0.29% | -3.83% | -3.43% | -6.59% | -9.03% |
| Free Cash Flow Margin | 0.16% | 0.16% | 14.27% | 9.01% | 0.16% | -8.13% |
| EBITDA | 8.56M | 8.56M | -21.66M | -18.59M | -23.73M | -53.64M |
| EBITDA Margin | 0.98% | 0.98% | -2.81% | -2.55% | -2.99% | -7.58% |
| D&A For EBITDA | 8.64M | 8.64M | 10.01M | 11.02M | 13.69M | 15.25M |
| EBIT | -83.00K | -83.00K | -31.67M | -29.61M | -37.43M | -68.90M |
| EBIT Margin | -0.01% | -0.01% | -4.12% | -4.07% | -4.71% | -9.73% |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 222.97M | 222.97M | 224.64M | 115.61M | 54.81M | 52.37M |
| Cash & Short-Term Investments | 222.97M | 222.97M | 224.64M | 115.61M | 54.81M | 52.37M |
| Accounts Receivable | 201.19M | 201.19M | 184.76M | 172.88M | 190.65M | 198.63M |
| Other Receivables | 82.00K | 82.00K | 110.00K | 180.00K | 496.00K | 13.55M |
| Receivables | 201.27M | 201.27M | 184.87M | 173.06M | 191.15M | 212.18M |
| Inventory | 6.19M | 6.19M | 5.92M | 8.84M | 7.44M | 9.97M |
| Prepaid Expenses | 4.28M | 4.28M | 4.35M | 4.08M | 5.74M | 4.02M |
| Other Current Assets | 948.00K | 948.00K | 3.12M | 8.87M | ||
| Total Current Assets | 435.65M | 435.65M | 419.77M | 301.59M | 262.26M | 287.41M |
| Property, Plant & Equipment | 51.11M | 51.11M | 59.92M | 62.65M | 69.34M | 75.94M |
| Goodwill | 28.88M | 28.88M | 29.05M | 29.02M | 29.12M | 42.13M |
| Other Intangible Assets | 555.00K | 1.65M | 3.07M | 4.80M | ||
| Long-Term Accounts Receivable | 56.10M | 56.10M | 61.50M | 11.60M | 10.00M | 4.00M |
| Other Long-Term Assets | 30.87M | 30.87M | 29.46M | 44.84M | 26.72M | 26.51M |
| Total Assets | 602.61M | 602.61M | 600.26M | 451.35M | 400.50M | 440.79M |
| Accounts Payable | 108.72M | 108.72M | 80.45M | 65.63M | 76.36M | 74.89M |
| Accrued Expenses | 29.38M | 29.38M | 27.89M | 24.44M | 21.07M | 32.08M |
| Current Portion of Leases | 4.36M | 4.36M | 4.44M | 3.74M | 4.66M | 5.71M |
| Current Unearned Revenue | 299.95M | 299.95M | 323.59M | 171.31M | 85.44M | 65.11M |
| Total Current Liabilities | 442.42M | 442.42M | 436.38M | 265.12M | 187.53M | 177.78M |
| Long-Term Debt | 10.00M | 15.00M | ||||
| Long-Term Leases | 15.09M | 15.09M | 16.99M | 19.16M | 20.66M | 19.90M |
| Long-Term Deferred Tax Liabilities | 22.00K | 22.00K | 25.00K | 25.00K | 26.00K | 26.00K |
| Other Long-Term Liabilities | 3.22M | 3.22M | 4.15M | 2.87M | 799.00K | 372.00K |
| Total Liabilities | 460.75M | 460.75M | 457.54M | 287.17M | 219.02M | 213.09M |
| Common Stock | 281.00K | 281.00K | 279.00K | 279.00K | 279.00K | 279.00K |
| Additional Paid-In Capital | 150.48M | 150.48M | 149.97M | 145.58M | 140.81M | 139.85M |
| Retained Earnings | 1.90M | 1.90M | 4.48M | 33.94M | 58.92M | 111.28M |
| Treasury Stock | -2.61M | -6.08M | -9.75M | -15.53M | ||
| Comprehensive Income & Other | -10.81M | -10.81M | -9.40M | -9.54M | -8.77M | -8.18M |
| Total Common Equity | 141.85M | 141.85M | 142.72M | 164.18M | 181.48M | 227.71M |
| Shareholders' Equity | 141.85M | 141.85M | 142.72M | 164.18M | 181.48M | 227.71M |
| Total Liabilities & Equity | 602.61M | 602.61M | 600.26M | 451.35M | 400.50M | 440.79M |
| Total Debt | 19.46M | 19.46M | 21.43M | 22.89M | 35.32M | 40.62M |
| Net Cash (Debt) | 203.51M | 203.51M | 203.21M | 92.72M | 19.49M | 11.75M |
| Net Cash Per Share | 7.19 | 7.19 | 7.32 | 3.39 | 0.72 | 0.44 |
| Filing Date Shares Outstanding | 28.29M | 28.29M | 28.07M | 27.55M | 27.21M | 26.97M |
| Total Common Shares Outstanding | 28.13M | 28.13M | 27.61M | 27.31M | 27.05M | 26.79M |
| Working Capital | -6.77M | -6.77M | -16.60M | 36.48M | 74.72M | 109.63M |
| Book Value Per Share | 5.04 | 5.04 | 5.17 | 6.01 | 6.71 | 8.50 |
| Tangible Book Value | 112.98M | 112.98M | 113.11M | 133.51M | 149.30M | 180.78M |
| Tangible Book Value Per Share | 4.02 | 4.02 | 4.10 | 4.89 | 5.52 | 6.75 |
| Land | 4.85M | 4.85M | 5.16M | 32.61M | 37.26M | 34.79M |
| Machinery | 157.32M | 157.32M | 162.82M | 151.83M | 163.04M | 185.86M |
| Construction In Progress | 655.00K | 655.00K | 2.87M | 4.95M | 84.00K | 1.65M |
| Leasehold Improvements | 17.72M | 17.72M | 17.52M | |||
| Order Backlog | 953.18M | 953.18M | 1.38B |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -2.58M | -2.58M | -29.46M | -24.98M | -52.36M | -63.90M |
| Depreciation & Amortization | 8.64M | 8.64M | 10.01M | 11.02M | 13.69M | 15.25M |
| Other Amortization | 1.52M | |||||
| Loss (Gain) From Sale of Assets | -606.00K | -606.00K | 8.00K | -4.92M | -2.84M | -33.11M |
| Asset Writedown & Restructuring Costs | 2.94M | 2.94M | 12.32M | 18.31M | ||
| Stock-Based Compensation | 7.14M | 7.14M | 8.90M | 7.75M | 6.79M | 7.88M |
| Other Operating Activities | 146.00K | 146.00K | 234.00K | 1.36M | 147.00K | 6.26M |
| Change in Accounts Receivable | -10.76M | -10.76M | -44.67M | -1.08M | 8.53M | -20.57M |
| Change in Inventory | -273.00K | -273.00K | 2.92M | -1.40M | 2.51M | -2.63M |
| Change in Accounts Payable | 27.75M | 27.75M | 14.81M | -10.38M | 1.21M | 13.65M |
| Change in Unearned Revenue | -23.65M | -23.65M | 152.28M | 85.87M | 20.33M | 11.27M |
| Change in Other Net Operating Assets | -1.84M | -1.84M | 2.42M | 9.34M | -72.00K | -8.14M |
| Operating Cash Flow | 6.91M | 6.91M | 117.47M | 72.57M | 10.25M | -54.20M |
| Capital Expenditures | -5.48M | -5.48M | -7.68M | -6.99M | -9.01M | -3.35M |
| Sale of Property, Plant & Equipment | 1.94M | 1.94M | 240.00K | 6.05M | 6.47M | 39.02M |
| Investing Cash Flow | -3.54M | -3.54M | -7.45M | -945.00K | -2.54M | 35.67M |
| Long-Term Debt Issued | 10.00M | 10.00M | 20.00M | |||
| Long-Term Debt Repaid | -20.00M | -15.00M | -5.00M | |||
| Net Debt Issued (Repaid) | -10.00M | -5.00M | 15.00M | |||
| Issuance of Common Stock | 202.00K | 202.00K | 195.00K | 184.00K | 252.00K | 469.00K |
| Repurchase of Common Stock | -4.22M | -4.22M | -1.24M | -456.00K | -310.00K | -853.00K |
| Other Financing Activities | -149.00K | -149.00K | -100.00K | -1.92M | ||
| Financing Cash Flow | -4.17M | -4.17M | -1.04M | -10.37M | -5.06M | 12.70M |
| Foreign Exchange Rate Adjustments | -871.00K | -871.00K | 40.00K | -451.00K | -205.00K | -683.00K |
| Net Cash Flow | -1.68M | -1.68M | 109.03M | 60.80M | 2.44M | -6.51M |
| Free Cash Flow | 1.42M | 1.42M | 109.79M | 65.58M | 1.24M | -57.54M |
| Free Cash Flow Margin | 0.16% | 0.16% | 14.27% | 9.01% | 0.16% | -8.13% |
| Free Cash Flow Per Share | 0.05 | 0.05 | 3.95 | 2.40 | 0.05 | -2.15 |
| Levered Free Cash Flow | -1.46M | -1.46M | 152.51M | 92.53M | 25.22M | -26.89M |
| Unlevered Free Cash Flow | -1.18M | -1.18M | 152.84M | 93.24M | 26.48M | -26.56M |
| Cash Interest Paid | 378.00K | 378.00K | 395.00K | 880.00K | 2.09M | 2.77M |
| Cash Income Tax Paid | 312.00K | 312.00K | 328.00K | -165.00K | -13.34M | -2.86M |
| Change in Working Capital | -8.77M | -8.77M | 127.78M | 82.34M | 32.50M | -6.41M |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 261.98M | 385.43M | 373.02M | 271.18M | 159.31M | 135.56M |
| Enterprise Value | 58.47M | 171.11M | 208.95M | 223.09M | 152.44M | 126.03M |
| Last Close Price | 9.36 | 13.70 | 13.51 | 9.93 | 5.89 | 5.06 |
| Forward PE | 15.56 | 19.86 | 38.06 | 16.91 | 26.67 | 11.59 |
| PS Ratio | 0.31 | 0.44 | 0.48 | 0.37 | 0.20 | 0.19 |
| PB Ratio | 1.86 | 2.72 | 2.61 | 1.65 | 0.88 | 0.59 |
| P/TBV Ratio | 2.38 | 3.41 | 3.30 | 2.03 | 1.07 | 0.75 |
| P/FCF Ratio | 188.94 | 270.67 | 3.40 | 4.13 | 128.68 | |
| P/OCF Ratio | 38.95 | 55.80 | 3.17 | 3.74 | 15.55 | |
| PEG Ratio | 0.87 | 1.10 | 2.11 | 0.94 | 2.42 | 2.42 |
| EV/Sales Ratio | 0.08 | 0.20 | 0.27 | 0.31 | 0.19 | 0.18 |
| EV/EBITDA Ratio | 7.66 | 20.00 | ||||
| EV/FCF Ratio | 46.03 | 120.16 | 1.90 | 3.40 | 123.13 | |
| Debt / Equity Ratio | 0.14 | 0.14 | 0.15 | 0.14 | 0.20 | 0.18 |
| Debt / EBITDA Ratio | 0.45 | 0.45 | 4.83 | 2.60 | 2.83 | |
| Debt / FCF Ratio | 13.66 | 13.66 | 0.20 | 0.35 | 28.53 | |
| Net Debt / Equity Ratio | -1.44 | -1.44 | -1.42 | -0.56 | -0.11 | -0.05 |
| Net Debt / EBITDA Ratio | -23.78 | -23.78 | 9.38 | 4.99 | 0.82 | 0.22 |
| Net Debt / FCF Ratio | -142.91 | -142.91 | -1.85 | -1.41 | -15.74 | 0.20 |
| Asset Turnover | 1.45 | 1.45 | 1.46 | 1.71 | 1.89 | 1.56 |
| Inventory Turnover | 133.75 | 133.75 | 98.89 | 84.51 | 87.78 | 81.89 |
| Quick Ratio | 0.96 | 0.96 | 0.94 | 1.09 | 1.31 | 1.49 |
| Current Ratio | 0.98 | 0.98 | 0.96 | 1.14 | 1.40 | 1.62 |
| Return on Equity (ROE) | -1.81% | -1.81% | -19.20% | -14.45% | -25.59% | -24.90% |
| Return on Assets (ROA) | -0.01% | -0.01% | -3.76% | -4.35% | -5.56% | -9.48% |
| Return on Invested Capital (ROIC) | -25.37% | -19.81% | -31.03% | |||
| Return on Capital Employed (ROCE) | -0.10% | -0.10% | -19.30% | -15.90% | -17.60% | -26.20% |
| Earnings Yield | -0.98% | -0.67% | -7.90% | -9.21% | -32.87% | -47.14% |
| FCF Yield | 0.53% | 0.37% | 29.43% | 24.18% | 0.78% | -42.45% |
| Buyback Yield / Dilution | -1.89% | -1.89% | -1.42% | -1.45% | -0.95% | -1.07% |