NYSE : MTDR
Matador Resources Company — Financial statements
Energy · Oil & Gas Exploration & Production · United States
Last price 59.83 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 7.40B
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Financial statements
Matador Resources Company (MTDR) reported revenue of 3.84B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 3.84B | 3.66B | 3.48B | 2.82B | 3.20B | 1.86B |
| Cost of Revenue | 676.16M | 741.22M | 605.83M | 545.86M | 713.76M | 426.54M |
| Gross Profit | 3.16B | 2.92B | 2.87B | 2.27B | 2.48B | 1.44B |
| Selling, General & Admin | 264.06M | 249.69M | 215.47M | 110.37M | 116.23M | 96.40M |
| Other Operating Expenses | 507.88M | 243.71M | 248.65M | 235.38M | 141.09M | 201.16M |
| Operating Expenses | 1.99B | 1.69B | 1.44B | 1.06B | 723.67M | 642.46M |
| Operating Income | 1.17B | 1.23B | 1.43B | 1.21B | 1.76B | 793.08M |
| Interest Expense | -218.03M | -208.52M | -171.69M | -121.52M | -67.16M | -74.69M |
| Other Non Operating Income (Expenses) | 15.36M | 16.01M | 696.00K | 8.79M | -195.00K | -1.23M |
| EBT Excluding Unusual Items | 970.20M | 1.03B | 1.26B | 1.10B | 1.69B | 717.16M |
| Gain (Loss) on Sale of Assets | -1.17M | -589.00K | -202.00K | -1.31M | -331.00K | |
| Other Unusual Items | -15.59M | -4.93M | -1.49M | |||
| Pretax Income | 953.44M | 1.03B | 1.26B | 1.10B | 1.69B | 715.35M |
| Income Tax Expense | 139.44M | 172.68M | 292.36M | 186.03M | 399.36M | 74.71M |
| Earnings From Continuing Operations | 814.00M | 860.77M | 971.34M | 910.36M | 1.29B | 640.64M |
| Minority Interest in Earnings | -90.31M | -101.55M | -86.02M | -64.28M | -72.11M | -55.67M |
| Net Income | 723.69M | 759.22M | 885.32M | 846.07M | 1.21B | 584.97M |
| Net Income to Common | 723.69M | 759.22M | 885.32M | 846.07M | 1.21B | 584.97M |
| Shares Outstanding (Basic) | 124.26M | 124.56M | 123.57M | 119.14M | 118.12M | 117.00M |
| Shares Outstanding (Diluted) | 124.26M | 124.59M | 124.08M | 119.98M | 120.13M | 119.16M |
| EPS (Basic) | 5.82 | 6.10 | 7.16 | 7.10 | 10.28 | 5.00 |
| EPS (Diluted) | 5.82 | 6.09 | 7.14 | 7.05 | 10.11 | 4.91 |
| Free Cash Flow | -568.56M | 241.64M | 280.04M | 318.02M | 894.75M | 319.88M |
| Free Cash Flow Per Share | -4.58 | 1.94 | 2.26 | 2.65 | 7.45 | 2.68 |
| Dividend Per Share | 1.44 | 1.31 | 0.85 | 0.65 | 0.30 | 0.12 |
| Gross Margin | 82.39% | 79.73% | 82.59% | 80.63% | 77.67% | 77.09% |
| Operating Margin | 30.55% | 33.54% | 41.24% | 42.92% | 55.03% | 42.59% |
| Profit Margin | 18.85% | 20.76% | 25.45% | 30.03% | 37.98% | 31.41% |
| Free Cash Flow Margin | -14.81% | 6.61% | 8.05% | 11.29% | 27.99% | 17.18% |
| EBITDA | 2.40B | 2.43B | 2.42B | 1.93B | 2.23B | 1.14B |
| EBITDA Margin | 62.52% | 66.45% | 69.42% | 68.50% | 69.70% | 61.22% |
| D&A For EBITDA | 1.23B | 1.20B | 980.33M | 720.63M | 468.77M | 346.97M |
| EBIT | 1.17B | 1.23B | 1.43B | 1.21B | 1.76B | 793.08M |
| EBIT Margin | 30.55% | 33.54% | 41.24% | 42.92% | 55.03% | 42.59% |
| Effective Tax Rate | 14.62% | 16.71% | 23.14% | 16.97% | 23.69% | 10.44% |
| Revenue as Reported | 3.65B | 3.70B | 3.50B | 2.81B | 3.06B | 1.66B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 26.32M | 15.31M | 23.03M | 52.66M | 505.18M | 48.13M |
| Cash & Short-Term Investments | 26.32M | 15.31M | 23.03M | 52.66M | 505.18M | 48.13M |
| Accounts Receivable | 593.62M | 426.20M | 592.14M | 437.85M | 405.81M | 212.61M |
| Other Receivables | 77.53M | 103.63M | 62.58M | 35.10M | 48.01M | 28.81M |
| Receivables | 671.14M | 529.83M | 654.73M | 472.95M | 453.82M | 241.42M |
| Inventory | 50.18M | 43.84M | 38.47M | 41.81M | 15.18M | 12.19M |
| Prepaid Expenses | 181.28M | 129.37M | 123.44M | 92.70M | 51.57M | 28.81M |
| Restricted Cash | 64.60M | 64.16M | 71.71M | 53.64M | 42.15M | 38.78M |
| Other Current Assets | 13.60M | 34.05M | 15.97M | 2.11M | 3.93M | 1.97M |
| Total Current Assets | 1.01B | 816.57M | 927.35M | 715.87M | 1.07B | 371.31M |
| Property, Plant & Equipment | 12.26B | 10.87B | 9.89B | 7.00B | 4.48B | 3.89B |
| Other Long-Term Assets | 224.18M | 24.05M | 31.22M | 10.28M | 5.68M | 4.64M |
| Total Assets | 13.49B | 11.71B | 10.85B | 7.73B | 5.55B | 4.26B |
| Accounts Payable | 243.76M | 179.34M | 147.14M | 68.19M | 58.85M | 26.26M |
| Accrued Expenses | 652.71M | 546.71M | 462.05M | 323.59M | 253.86M | 210.97M |
| Current Portion of Leases | 5.78M | 66.20M | 59.24M | 38.20M | 44.81M | 20.03M |
| Other Current Liabilities | 646.86M | 239.26M | 326.93M | 255.30M | 218.35M | 207.58M |
| Total Current Liabilities | 1.55B | 1.03B | 995.36M | 685.27M | 575.87M | 464.84M |
| Long-Term Debt | 4.22B | 3.40B | 3.33B | 2.21B | 1.16B | 1.53B |
| Long-Term Leases | 97.45M | 80.36M | 73.52M | 11.67M | 19.96M | 15.38M |
| Long-Term Deferred Tax Liabilities | 1.12B | 1.02B | 847.67M | 581.44M | 428.35M | 77.94M |
| Other Long-Term Liabilities | 255.80M | 184.01M | 150.73M | 114.30M | 52.98M | 49.02M |
| Total Liabilities | 7.24B | 5.71B | 5.39B | 3.60B | 2.24B | 2.13B |
| Common Stock | 1.25M | 1.24M | 1.25M | 1.19M | 1.19M | 1.18M |
| Additional Paid-In Capital | 2.54B | 2.51B | 2.53B | 2.13B | 2.10B | 2.08B |
| Retained Earnings | 3.41B | 3.15B | 2.56B | 1.78B | 1.01B | -171.32M |
| Treasury Stock | -25.00M | -5.33M | -2.34M | -45.00K | -34.00K | -243.00K |
| Total Common Equity | 5.93B | 5.66B | 5.09B | 3.91B | 3.11B | 1.91B |
| Minority Interest | 322.27M | 338.51M | 368.28M | 216.83M | 206.29M | 220.18M |
| Shareholders' Equity | 6.25B | 6.00B | 5.46B | 4.13B | 3.32B | 2.13B |
| Total Liabilities & Equity | 13.49B | 11.71B | 10.85B | 7.73B | 5.55B | 4.26B |
| Total Debt | 4.32B | 3.55B | 3.46B | 2.26B | 1.23B | 1.56B |
| Net Cash (Debt) | -4.29B | -3.53B | -3.44B | -2.20B | -719.83M | -1.51B |
| Net Cash Per Share | -34.55 | -28.36 | -27.69 | -18.37 | -5.99 | -12.71 |
| Filing Date Shares Outstanding | 123.75M | 124.25M | 125.21M | 119.52M | 119.07M | 118.04M |
| Total Common Shares Outstanding | 124.00M | 124.26M | 125.05M | 119.46M | 118.95M | 117.85M |
| Working Capital | -542.00M | -214.94M | -68.01M | 30.60M | 495.96M | -93.53M |
| Book Value Per Share | 47.81 | 45.53 | 40.70 | 32.74 | 26.15 | 16.18 |
| Tangible Book Value | 5.93B | 5.66B | 5.09B | 3.91B | 3.11B | 1.91B |
| Tangible Book Value Per Share | 47.81 | 45.53 | 40.70 | 32.74 | 26.15 | 16.18 |
| Machinery | 1.99B | 1.70B | 1.34B | 1.07B | 911.90M | |
| Leasehold Improvements | 22.03M | 19.24M | 14.15M | 11.37M | 10.97M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 723.69M | 759.22M | 885.32M | 846.07M | 1.21B | 584.97M |
| Depreciation & Amortization | 1.23B | 1.20B | 980.33M | 720.63M | 468.77M | 346.97M |
| Other Amortization | 14.50M | 14.76M | 16.53M | 7.05M | -517.00K | 3.66M |
| Loss (Gain) From Sale of Assets | 589.00K | 589.00K | 202.00K | 1.31M | 331.00K | |
| Stock-Based Compensation | 20.48M | 18.33M | 14.98M | 13.66M | 15.12M | 9.04M |
| Other Operating Activities | 413.64M | 252.72M | 336.64M | 230.19M | 397.78M | 109.37M |
| Change in Accounts Receivable | -29.15M | 114.28M | -138.14M | 48.14M | -228.38M | -98.46M |
| Change in Inventory | -18.48M | -35.31M | -10.93M | -3.03M | -2.85M | -1.54M |
| Change in Accounts Payable | 159.05M | -8.93M | 33.75M | 2.81M | 63.45M | 76.89M |
| Change in Other Net Operating Assets | 91.77M | 106.15M | 128.40M | 2.12M | 49.84M | 22.12M |
| Operating Cash Flow | 2.60B | 2.43B | 2.25B | 1.87B | 1.98B | 1.05B |
| Capital Expenditures | -3.17B | -2.18B | -1.97B | -1.55B | -1.08B | -733.48M |
| Sale of Property, Plant & Equipment | 1.03M | 22.43M | 12.37M | 14.75M | 46.51M | 4.21M |
| Cash Acquisitions | -37.60M | -1.83B | -1.68B | |||
| Investment in Securities | 3.26M | 113.58M | ||||
| Investing Cash Flow | -3.21B | -2.16B | -3.67B | -3.21B | -1.04B | -729.26M |
| Long-Term Debt Issued | 2.78B | 6.54B | 4.25B | 430.00M | 395.00M | |
| Long-Term Debt Repaid | -2.71B | -5.40B | -3.20B | -794.30M | -684.00M | |
| Net Debt Issued (Repaid) | 946.00M | 70.50M | 1.14B | 1.05B | -364.30M | -289.00M |
| Issuance of Common Stock | 372.38M | |||||
| Repurchase of Common Stock | -30.59M | -67.81M | -16.96M | -22.91M | -19.24M | -8.21M |
| Common Dividends Paid | -178.20M | -163.10M | -104.88M | -77.17M | -35.25M | -14.58M |
| Other Financing Activities | -127.94M | -122.19M | 23.82M | -49.38M | -62.06M | -16.76M |
| Financing Cash Flow | 609.26M | -282.60M | 1.41B | 902.33M | -480.85M | -328.55M |
| Net Cash Flow | 4.13M | -15.27M | -11.56M | -441.03M | 460.41M | -4.46M |
| Free Cash Flow | -568.56M | 241.64M | 280.04M | 318.02M | 894.75M | 319.88M |
| Free Cash Flow Margin | -14.81% | 6.61% | 8.05% | 11.29% | 27.99% | 17.18% |
| Free Cash Flow Per Share | -4.58 | 1.94 | 2.26 | 2.65 | 7.45 | 2.68 |
| Levered Free Cash Flow | -907.76M | -170.40M | -107.16M | -97.20M | 331.71M | 166.90M |
| Unlevered Free Cash Flow | -785.99M | -54.84M | -16.39M | -28.30M | 374.20M | 209.92M |
| Cash Interest Paid | 159.49M | 196.37M | 160.27M | 111.74M | 72.56M | 74.84M |
| Cash Income Tax Paid | 50.50M | 30.00M | 4.60M | 63.50M | ||
| Change in Working Capital | 203.20M | 176.19M | 13.08M | 50.03M | -117.94M | -982.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 7.53B | 5.27B | 7.02B | 6.77B | 6.76B | 4.33B |
| Enterprise Value | 11.83B | 8.91B | 10.83B | 9.16B | 7.78B | 6.02B |
| Last Close Price | 60.88 | 41.52 | 53.44 | 53.24 | 52.94 | 33.97 |
| PE Ratio | 10.45 | 6.95 | 7.93 | 8.01 | 5.57 | 7.41 |
| Forward PE | 6.38 | 9.43 | 7.25 | 6.20 | 6.25 | 6.33 |
| PS Ratio | 1.96 | 1.44 | 2.02 | 2.40 | 2.12 | 2.33 |
| PB Ratio | 1.27 | 0.88 | 1.29 | 1.64 | 2.04 | 2.04 |
| P/TBV Ratio | 1.27 | 0.93 | 1.38 | 1.73 | 2.17 | 2.27 |
| P/FCF Ratio | 21.83 | 25.07 | 21.30 | 7.56 | 13.54 | |
| P/OCF Ratio | 2.89 | 2.17 | 3.12 | 3.63 | 3.42 | 4.11 |
| PEG Ratio | 0.49 | 0.95 | 1.21 | 2.99 | 0.25 | 0.37 |
| EV/Sales Ratio | 3.08 | 2.44 | 3.11 | 3.25 | 2.43 | 3.23 |
| EV/EBITDA Ratio | 4.93 | 3.67 | 4.48 | 4.75 | 3.49 | 5.28 |
| EV/EBIT Ratio | 10.08 | 7.27 | 7.54 | 7.58 | 4.42 | 7.59 |
| EV/FCF Ratio | 36.89 | 38.66 | 28.80 | 8.69 | 18.81 | |
| Debt / Equity Ratio | 0.69 | 0.59 | 0.63 | 0.55 | 0.37 | 0.73 |
| Debt / EBITDA Ratio | 1.71 | 1.39 | 1.38 | 1.13 | 0.54 | 1.34 |
| Debt / FCF Ratio | 14.69 | 12.35 | 7.09 | 1.37 | 4.89 | |
| Net Debt / Equity Ratio | 0.69 | 0.59 | 0.63 | 0.53 | 0.22 | 0.71 |
| Net Debt / EBITDA Ratio | 1.79 | 1.45 | 1.42 | 1.14 | 0.32 | 1.33 |
| Net Debt / FCF Ratio | -7.55 | 14.62 | 12.27 | 6.93 | 0.81 | 4.74 |
| Asset Turnover | 0.31 | 0.32 | 0.38 | 0.42 | 0.65 | 0.47 |
| Inventory Turnover | 14.50 | 18.01 | 15.09 | 19.16 | 52.15 | 37.46 |
| Quick Ratio | 0.45 | 0.53 | 0.68 | 0.77 | 1.67 | 0.62 |
| Current Ratio | 0.65 | 0.79 | 0.93 | 1.04 | 1.86 | 0.80 |
| Return on Equity (ROE) | 13.59% | 15.03% | 20.27% | 24.46% | 47.25% | 35.20% |
| Return on Assets (ROA) | 5.92% | 6.80% | 9.65% | 11.38% | 22.40% | 12.47% |
| Return on Invested Capital (ROIC) | 10.02% | 11.09% | 14.49% | 19.37% | 34.96% | 20.38% |
| Return on Capital Employed (ROCE) | 9.80% | 11.50% | 14.60% | 17.20% | 35.30% | 20.90% |
| Earnings Yield | 9.57% | 14.39% | 12.61% | 12.49% | 17.95% | 13.50% |
| FCF Yield | -7.55% | 4.58% | 3.99% | 4.70% | 13.23% | 7.38% |
| Dividend Yield | 2.88% | 3.09% | 1.51% | 1.15% | 0.53% | 0.34% |
| Payout Ratio | 26.83% | 21.48% | 11.85% | 9.12% | 2.90% | 2.49% |
| Buyback Yield / Dilution | 0.87% | -0.41% | -3.41% | 0.13% | -0.81% | -2.67% |
| Total Shareholder Return | 3.74% | 2.68% | -1.90% | 1.27% | -0.28% | -2.33% |