Matrix Service Company (MTRX) 10-Year Financial Performance & Capital Metrics

MTRX • • Industrial / General

IndustrialsEngineering & ConstructionEnergy & Industrial ConstructionIndustrial Plant Construction

AboutMatrix Service Company provides engineering, fabrication, infrastructure, construction, and maintenance services primarily to the oil, gas, power, petrochemical, industrial, agricultural, mining, and minerals markets in the United States, Canada, South Korea, Australia, and internationally. It operates through three segments: Utility and Power Infrastructure, Process and Industrial Facilities, and Storage and Terminal Solutions. The Utility and Power Infrastructure segment offers power delivery services, including construction of new substations, upgrades of existing substations, transmission and distribution line installations, distribution upgrades, and maintenance; and emergency and storm restoration services. This segment also provides construction and maintenance services to combined cycle plants and other natural gas fired power stations. The Process and Industrial Facilities segment engages in the crude oil refining; processing, fractionating, and marketing of natural gas and natural gas liquids; and offers plant maintenance, turnarounds, engineering, industrial cleaning services, and capital construction service. The Storage and Terminal Solutions segment undertakes work related to aboveground storage tanks and terminals; engineering, fabrication and construction, and maintenance and repair, which include planned and emergency services; and liquefied natural gas, liquid nitrogen/liquid oxygen, liquid petroleum, hydrogen, and other specialty vessels, which comprise spheres, as well as marine structures, and truck and rail loading/offloading facilities. Its services include engineering, fabrication and construction, and maintenance and repair, including planned and emergency services, as well as geodesic domes, aluminum internal floating roofs, floating suction and skimmer systems, roof drain systems, and floating roof seals. Matrix Service Company was founded in 1984 and is headquartered in Tulsa, Oklahoma.Show more

Revenue $769M +5.6%
EBITDA -$25M -31.3%
Net Income -$29M -18.0%
EPS (Diluted) -1.06 -16.5%
Gross Margin 5.16% -7.2%
EBITDA Margin -3.26% -24.2%
Operating Margin -4.56% -10.2%
Net Margin -3.83% -11.7%
ROE -19.2% -32.9%
ROIC -479.77% -2379.7%
Debt/Equity 0.15 +7.7%
Interest Coverage -67.70 -154.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient asset utilization: 1.3x turnover

✗Weaknesses

✗Sales declining 6.9% over 5 years

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-5.46%

5Y-6.92%

3Y2.82%

TTM17.16%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM22.98%

EPS CAGR

10Y-

5Y-

3Y-

TTM24.11%

ROCE

10Y Avg-8.88%

5Y Avg-20.23%

3Y Avg-19.11%

Latest-20.03%

Peer Comparison

Industrial Plant Construction

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AGXArgan, Inc.	4.57B	329.66	53.60	52.47%	13.11%	28.57%	3.52%	0.01
AMRCAmeresco, Inc.	1.09B	31.32	29.27	28.76%	3.34%	5.75%		1.63
KBRKBR, Inc.	5.71B	44.98	16.06	11.3%	4.71%	25.87%	6.74%	1.95
FLRFluor Corporation	7B	43.44	3.53	5.43%	25.35%	69.19%	9.48%	0.28
SUNESUNation Energy Inc.	3.61M	1.06	-0.00	-28.59%	-33.82%	-93.5%		2.39
FGLFounder Group Limited Ordinary Shares	2.68M	0.15	-2.18	-38.98%	-5.7%	-32.28%		2.09
MTRXMatrix Service Company	381.37M	13.56	-12.79	5.64%	-2.93%	-17.54%	28.79%	0.15

Profit & Loss

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Sales/Revenue+	1.31B	1.2B	1.09B	1.42B	1.1B	673.4M	707.78M	795.02M	728.21M	769.29M
Revenue Growth %	-0.03%	-0.09%	-0.09%	0.3%	-0.22%	-0.39%	0.05%	0.12%	-0.08%	0.06%
Cost of Goods Sold+	1.19B	1.12B	999.62M	1.28B	998.76M	640.63M	708.99M	764.2M	687.74M	729.61M
COGS % of Revenue	0.9%	0.93%	0.92%	0.91%	0.91%	0.95%	1%	0.96%	0.94%	0.95%
Gross Profit+	125.99M	81M	91.94M	131.95M	102.18M	32.77M	-1.21M	30.82M	40.47M	39.68M
Gross Margin %	0.1%	0.07%	0.08%	0.09%	0.09%	0.05%	-0%	0.04%	0.06%	0.05%
Gross Profit Growth %	0.44%	-0.36%	0.13%	0.44%	-0.23%	-0.68%	-1.04%	26.56%	0.31%	-0.02%
Operating Expenses+	85.11M	76.14M	84.42M	94.02M	138.8M	76.51M	86.65M	83.71M	70.59M	74.75M
OpEx % of Revenue	0.06%	0.06%	0.08%	0.07%	0.13%	0.11%	0.12%	0.11%	0.1%	0.1%
Selling, General & Admin	85.11M	76.14M	84.42M	94.02M	86.28M	69.76M	67.69M	68.25M	70.08M	71.17M
SG&A % of Revenue	0.06%	0.06%	0.08%	0.07%	0.08%	0.1%	0.1%	0.09%	0.1%	0.09%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-567K	-334K	550K	611K	52.52M	6.76M	18.96M	15.46M	501K	3.57M
Operating Income+	40.88M	4.86M	-10.48M	37.8M	-36.63M	-43.75M	-87.85M	-52.89M	-30.11M	-35.07M
Operating Margin %	0.03%	0%	-0.01%	0.03%	-0.03%	-0.06%	-0.12%	-0.07%	-0.04%	-0.05%
Operating Income Growth %	3.64%	-0.88%	-3.16%	4.61%	-1.97%	-0.19%	-1.01%	0.4%	0.43%	-0.16%
EBITDA+	62.32M	26.46M	9.87M	56.02M	-17.5M	-25.89M	-72.6M	-39.19M	-19.09M	-25.06M
EBITDA Margin %	0.05%	0.02%	0.01%	0.04%	-0.02%	-0.04%	-0.1%	-0.05%	-0.03%	-0.03%
EBITDA Growth %	0.93%	-0.58%	-0.63%	4.68%	-1.31%	-0.48%	-1.8%	0.46%	0.51%	-0.31%
D&A (Non-Cash Add-back)	21.44M	21.6M	20.35M	18.22M	19.12M	17.86M	15.25M	13.69M	11.02M	10.01M
EBIT	47.28M	5.46M	-9.55M	37.93M	-35.05M	-41.7M	-55.33M	-50.74M	-23.88M	-28.48M
Net Interest Income+	-662K	-2.08M	-2.22M	-129K	-327K	-1.43M	-2.86M	-1.73M	209K	6.13M
Interest Income	190K	132K	381K	1.17M	1.27M	126K	90K	290K	1.34M	6.65M
Interest Expense	852K	2.21M	2.6M	1.3M	1.6M	1.56M	2.95M	2.02M	1.13M	518K
Other Income/Expense	-1.23M	-2.41M	-1.67M	482K	-19K	484K	29.57M	126K	5.1M	6.07M
Pretax Income+	39.65M	2.45M	-12.15M	38.41M	-36.64M	-43.26M	-58.28M	-52.76M	-25.01M	-29M
Pretax Margin %	0.03%	0%	-0.01%	0.03%	-0.03%	-0.06%	-0.08%	-0.07%	-0.03%	-0.04%
Income Tax+	14.12M	2.31M	-668K	10.43M	-3.57M	-12.04M	5.62M	-400K	-36K	464K
Effective Tax Rate %	0.73%	-0.07%	0.95%	0.73%	0.9%	0.72%	1.1%	0.99%	1%	1.02%
Net Income+	28.86M	-183K	-11.48M	27.98M	-33.07M	-31.22M	-63.9M	-52.36M	-24.98M	-29.46M
Net Margin %	0.02%	-0%	-0.01%	0.02%	-0.03%	-0.05%	-0.09%	-0.07%	-0.03%	-0.04%
Net Income Growth %	0.68%	-1.01%	-61.73%	3.44%	-2.18%	0.06%	-1.05%	0.18%	0.52%	-0.18%
Net Income (Continuing)	25.54M	138K	-11.48M	27.98M	-33.07M	-31.22M	-63.9M	-52.36M	-24.98M	-29.46M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	-1.18M	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	1.07	-0.01	-0.43	1.01	-1.24	-1.18	-2.39	-1.94	-0.91	-1.06
EPS Growth %	0.7%	-1.01%	-	3.35%	-2.23%	0.05%	-1.03%	0.19%	0.53%	-0.16%
EPS (Basic)	1.09	-0.01	-0.43	1.04	-1.24	-1.18	-2.39	-1.94	-0.91	-1.06
Diluted Shares Outstanding	27.1M	26.53M	26.77M	27.59M	26.62M	26.45M	26.73M	26.99M	27.38M	27.77M
Basic Shares Outstanding	26.6M	26.53M	26.7M	26.89M	26.62M	26.45M	26.73M	26.99M	27.38M	27.77M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Total Current Assets+	375.45M	358.63M	357.05M	417.31M	335.16M	291.22M	287.41M	262.26M	301.59M	419.77M
Cash & Short-Term Investments	71.66M	43.8M	64.06M	89.72M	100.04M	83.88M	52.37M	54.81M	115.61M	224.64M
Cash Only	71.66M	43.8M	64.06M	89.72M	100.04M	83.88M	52.37M	54.81M	115.61M	224.64M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	294.44M	306.18M	283.38M	314.54M	224.14M	165M	212.18M	191.15M	173.06M	184.87M
Days Sales Outstanding	81.92	93.32	94.76	81.04	74.31	89.43	109.42	87.76	86.74	87.71
Inventory	3.94M	3.74M	5.15M	8.02M	6.46M	7.34M	9.97M	7.44M	8.84M	5.92M
Days Inventory Outstanding	1.21	1.22	1.88	2.28	2.36	4.18	5.13	3.55	4.69	2.96
Other Current Assets	5.42M	8.96M	7.82M	5.06M	4.53M	35M	8.87M	3.12M	12K	4.35M
Total Non-Current Assets+	189.52M	227.4M	200.99M	216.08M	182.15M	176.34M	153.38M	138.25M	149.76M	180.48M
Property, Plant & Equipment	84.73M	80.27M	72.64M	79.33M	102.12M	91.82M	75.94M	69.34M	62.65M	59.92M
Fixed Asset Turnover	15.48x	14.92x	15.03x	17.86x	10.78x	7.33x	9.32x	11.46x	11.62x	12.84x
Goodwill	78.29M	113.5M	96.16M	93.37M	60.37M	60.64M	42.13M	29.12M	29.02M	29.05M
Intangible Assets	21M	26.3M	22.81M	19.47M	8.84M	6.61M	4.8M	3.07M	1.65M	555K
Long-Term Investments	300K	0	0	17.7M	1.6M	0	0	0	0	0
Other Non-Current Assets	1.48M	3.94M	4.52M	3.53M	3.23M	11.97M	30.51M	36.72M	56.44M	90.96M
Total Assets+	564.97M	586.03M	558.03M	633.39M	517.31M	467.56M	440.79M	400.5M	451.35M	600.26M
Asset Turnover	2.32x	2.04x	1.96x	2.24x	2.13x	1.44x	1.61x	1.99x	1.61x	1.28x
Asset Growth %	-0%	0.04%	-0.05%	0.14%	-0.18%	-0.1%	-0.06%	-0.09%	0.13%	0.33%
Total Current Liabilities+	246.03M	218.98M	238.47M	275.5M	175.95M	153.4M	177.78M	187.53M	265.12M	436.38M
Accounts Payable	141.44M	105.65M	79.44M	114.65M	73.09M	60.92M	74.89M	76.36M	65.63M	80.45M
Days Payables Outstanding	43.53	34.54	29.01	32.57	26.71	34.71	38.55	36.47	34.83	40.25
Short-Term Debt	0	0	0	0	7.57M	0	0	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	74.19M	17.04M	13.9M	14.35M	15.19M	0	0	0	0	0
Current Ratio	1.53x	1.64x	1.50x	1.51x	1.90x	1.90x	1.62x	1.40x	1.14x	0.96x
Quick Ratio	1.51x	1.62x	1.48x	1.49x	1.87x	1.85x	1.56x	1.36x	1.10x	0.95x
Cash Conversion Cycle	39.6	60.01	67.63	50.75	49.96	58.91	76	54.84	56.6	50.43
Total Non-Current Liabilities+	3.37M	45.24M	725K	5.94M	33.47M	28.61M	35.3M	31.48M	22.05M	21.16M
Long-Term Debt	0	44.68M	0	5.35M	9.21M	0	15M	10M	0	0
Capital Lease Obligations	0	0	0	0	20M	20.77M	19.9M	20.66M	19.16M	16.99M
Deferred Tax Liabilities	3.2M	128K	429K	298K	61K	34K	26K	26K	25K	25K
Other Non-Current Liabilities	173K	435K	296K	293K	4.21M	7.81M	372K	799K	2.87M	4.15M
Total Liabilities	249.4M	264.22M	239.19M	281.44M	209.42M	182.02M	213.09M	219.02M	287.17M	457.54M
Total Debt+	0	44.68M	0	5.35M	36.77M	26.52M	40.62M	35.32M	22.89M	21.43M
Net Debt	-71.66M	877K	-64.06M	-84.37M	-63.26M	-57.36M	-11.75M	-19.49M	-92.72M	-203.21M
Debt / Equity	-	0.14x	-	0.02x	0.12x	0.09x	0.18x	0.19x	0.14x	0.15x
Debt / EBITDA	-	1.69x	-	0.10x	-	-	-	-	-	-
Net Debt / EBITDA	-1.15x	0.03x	-6.49x	-1.51x	-	-	-	-	-	-
Interest Coverage	47.98x	2.20x	-4.03x	29.17x	-22.93x	-28.06x	-29.77x	-26.13x	-26.65x	-67.70x
Total Equity+	315.57M	321.81M	318.84M	351.96M	307.89M	285.54M	227.71M	181.48M	164.18M	142.72M
Equity Growth %	0.11%	0.02%	-0.01%	0.1%	-0.13%	-0.07%	-0.2%	-0.2%	-0.1%	-0.13%
Book Value per Share	11.64	12.13	11.91	12.76	11.57	10.80	8.52	6.72	6.00	5.14
Total Shareholders' Equity	316.74M	321.81M	318.84M	351.96M	307.89M	285.54M	227.71M	181.48M	164.18M	142.72M
Common Stock	279K	279K	279K	279K	279K	279K	279K	279K	279K	279K
Retained Earnings	223.26M	222.97M	211.49M	239.48M	206.4M	175.18M	111.28M	58.92M	33.94M	4.48M
Treasury Stock	-26.91M	-22.54M	-17.72M	-17.76M	-29.39M	-20.74M	-15.53M	-9.75M	-6.08M	-2.61M
Accumulated OCI	-6.84M	-7.32M	-7.41M	-7.75M	-8.37M	-6.75M	-8.18M	-8.77M	-9.54M	-9.4M
Minority Interest	-1.18M	0	0	0	0	0	0	0	0	0

Cash Flow

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Cash from Operations+	30.33M	-18.75M	74.67M	41.39M	44.09M	-2.97M	-54.2M	10.25M	72.57M	117.47M
Operating CF Margin %	0.02%	-0.02%	0.07%	0.03%	0.04%	-0%	-0.08%	0.01%	0.1%	0.15%
Operating CF Growth %	0.24%	-1.62%	4.98%	-0.45%	0.07%	-1.07%	-17.24%	1.19%	6.08%	0.62%
Net Income	25.54M	138K	-11.48M	27.98M	-33.07M	-31.22M	-63.9M	-52.36M	-24.98M	-29.46M
Depreciation & Amortization	21.44M	21.6M	20.35M	18.22M	19.12M	17.86M	15.25M	13.69M	11.02M	10.01M
Stock-Based Compensation	6.32M	7.46M	8.62M	11.91M	9.88M	8.16M	7.88M	6.79M	7.75M	8.9M
Deferred Taxes	1.87M	-2.56M	-1.19M	2.06M	-3.63M	889K	5.36M	-12.38M	0	0
Other Non-Cash Items	2.97M	1.9M	17.84M	-575K	44.11M	-202K	-12.38M	22M	-3.56M	242K
Working Capital Changes	-27.81M	-47.29M	40.53M	-18.21M	7.67M	1.55M	-6.41M	32.5M	82.34M	127.78M
Change in Receivables	4.15M	-11.93M	5.5M	-15.37M	56.6M	11.11M	-20.57M	8.66M	-1.08M	-44.67M
Change in Inventory	606K	198K	-1.42M	-2.87M	1.56M	-882K	-2.63M	2.51M	-1.4M	2.92M
Change in Payables	14.7M	-37.05M	-25.88M	32.65M	-38.91M	-12.39M	13.65M	1.21M	-10.38M	14.81M
Cash from Investing+	-26.57M	-51.42M	-9.34M	-14.45M	-17.12M	-2.26M	35.67M	-2.54M	-945K	-7.45M
Capital Expenditures	-13.94M	-11.91M	-8.71M	-19.56M	-18.54M	-4.35M	-3.35M	-9.01M	-6.99M	-7.68M
CapEx % of Revenue	0.01%	0.01%	0.01%	0.01%	0.02%	0.01%	0%	0.01%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	422K	1.31M	1.06M	1.23M	0	0	39.02M	0	6.05M	240K
Cash from Financing+	-10.59M	42.73M	-45.31M	-1.11M	-16.04M	-12.32M	12.7M	-5.06M	-10.37M	-1.04M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	11.23M	340K	610K	439K	320K	648K	-2.5M	252K	84K	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	16.39M	-30.65M	65.96M	21.84M	25.55M	-7.33M	-57.54M	1.24M	65.58M	109.79M
FCF Margin %	0.01%	-0.03%	0.06%	0.02%	0.02%	-0.01%	-0.08%	0%	0.09%	0.14%
FCF Growth %	0.89%	-2.87%	3.15%	-0.67%	0.17%	-1.29%	-6.86%	1.02%	51.97%	0.67%
FCF per Share	0.60	-1.16	2.46	0.79	0.96	-0.28	-2.15	0.05	2.40	3.95
FCF Conversion (FCF/Net Income)	1.05x	102.44x	-6.50x	1.48x	-1.33x	0.10x	0.85x	-0.20x	-2.91x	-3.99x
Interest Paid	881K	1.79M	2.72M	1.71M	2.15M	1.83M	2.77M	0	0	395K
Taxes Paid	9.37M	11.97M	1.41M	3.31M	6.39M	451K	0	0	0	328K

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	9.62%	-0.06%	-3.58%	8.34%	-10.02%	-10.52%	-24.9%	-25.59%	-14.45%	-19.2%
Return on Invested Capital (ROIC)	13.39%	1.29%	-2.72%	10.85%	-10.73%	-13.88%	-29.67%	-20.99%	-19.35%	-479.77%
Gross Margin	9.6%	6.76%	8.42%	9.31%	9.28%	4.87%	-0.17%	3.88%	5.56%	5.16%
Net Margin	2.2%	-0.02%	-1.05%	1.98%	-3%	-4.64%	-9.03%	-6.59%	-3.43%	-3.83%
Debt / Equity	-	0.14x	-	0.02x	0.12x	0.09x	0.18x	0.19x	0.14x	0.15x
Interest Coverage	47.98x	2.20x	-4.03x	29.17x	-22.93x	-28.06x	-29.77x	-26.13x	-26.65x	-67.70x
FCF Conversion	1.05x	102.44x	-6.50x	1.48x	-1.33x	0.10x	0.85x	-0.20x	-2.91x	-3.99x
Revenue Growth	-2.77%	-8.72%	-8.85%	29.79%	-22.29%	-38.83%	5.11%	12.33%	-8.4%	5.64%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Storage and Terminal Solutions	-	-	-	-	-	263.43M	232.84M	255.69M	276.8M	365.89M
Storage and Terminal Solutions Growth	-	-	-	-	-	-	-11.61%	9.82%	8.25%	32.19%
Utility And Power Infrastructure	-	-	-	-	-	210.05M	220.09M	169.5M	-	248.69M
Utility And Power Infrastructure Growth	-	-	-	-	-	-	4.78%	-22.99%	-	-
Process and Industrial Facilities	-	-	-	-	-	199.92M	254.85M	369.82M	266.26M	154.7M
Process and Industrial Facilities Growth	-	-	-	-	-	-	27.48%	45.12%	-28.00%	-41.90%
Corporate	-	-	-	-	-	-	-	-	1.23M	-
Corporate Growth	-	-	-	-	-	-	-	-	-	-
Unallocated Corporate Costs	-	-	-	-	-	-	-	-	-	-
Unallocated Corporate Costs Growth	-	-	-	-	-	-	-	-	-	-
Storage Solutions	565.96M	-	314.7M	521.93M	559.2M	-	-	-	-	-
Storage Solutions Growth	-	-	-	65.85%	7.14%	-	-	-	-	-
Industrial	149.89M	-	198.15M	357.46M	227.9M	-	-	-	-	-
Industrial Growth	-	-	-	80.40%	-36.25%	-	-	-	-	-
Oil Gas And Chemical	505.95M	-	322.77M	319.87M	200.95M	-	-	-	-	-
Oil Gas And Chemical Growth	-	-	-	-0.90%	-37.18%	-	-	-	-	-
Electrical Infrastructure	698.02M	373.38M	255.93M	217.42M	112.89M	-	-	-	-	-
Electrical Infrastructure Growth	-	-46.51%	-31.46%	-15.05%	-48.08%	-	-	-	-	-

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
UNITED STATES	1.13B	961.05M	981.29M	1.37B	1.02B	604.74M	640.51M	720.14M	662.45M	719.39M
UNITED STATES Growth	-	-14.79%	2.11%	39.39%	-25.42%	-40.72%	5.92%	12.43%	-8.01%	8.60%
CANADA	178.6M	228.63M	104.21M	41.41M	70.13M	61.7M	63.05M	61.69M	56.42M	41.23M
CANADA Growth	-	28.01%	-54.42%	-60.26%	69.36%	-12.02%	2.17%	-2.15%	-8.54%	-26.93%
International	5.42M	7.83M	-	-	-	-	-	-	-	-
International Growth	-	44.53%	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Matrix Service Company (MTRX) reported $815.6M in revenue for fiscal year 2025. This represents a 10% increase from $739.0M in 2012.

Matrix Service Company (MTRX) grew revenue by 5.6% over the past year. This is steady growth.

Matrix Service Company (MTRX) reported a net loss of $23.9M for fiscal year 2025.

Dividend & Returns

Matrix Service Company (MTRX) has a return on equity (ROE) of -19.2%. Negative ROE indicates the company is unprofitable.

Matrix Service Company (MTRX) generated $71.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Matrix Service Company (MTRX) 10-Year Financial Performance & Capital Metrics

MTRX • • Industrial / General

IndustrialsEngineering & ConstructionEnergy & Industrial ConstructionIndustrial Plant Construction

Revenue $769M +5.6%
EBITDA -$25M -31.3%
Net Income -$29M -18.0%
EPS (Diluted) -1.06 -16.5%
Gross Margin 5.16% -7.2%
EBITDA Margin -3.26% -24.2%
Operating Margin -4.56% -10.2%
Net Margin -3.83% -11.7%
ROE -19.2% -32.9%
ROIC -479.77% -2379.7%
Debt/Equity 0.15 +7.7%
Interest Coverage -67.70 -154.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient asset utilization: 1.3x turnover

✗Weaknesses

✗Sales declining 6.9% over 5 years

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-5.46%

5Y-6.92%

3Y2.82%

TTM17.16%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM22.98%

EPS CAGR

10Y-

5Y-

3Y-

TTM24.11%

ROCE

10Y Avg-8.88%

5Y Avg-20.23%

3Y Avg-19.11%

Latest-20.03%

Peer Comparison

Industrial Plant Construction

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AGXArgan, Inc.	4.57B	329.66	53.60	52.47%	13.11%	28.57%	3.52%	0.01
AMRCAmeresco, Inc.	1.09B	31.32	29.27	28.76%	3.34%	5.75%		1.63
KBRKBR, Inc.	5.71B	44.98	16.06	11.3%	4.71%	25.87%	6.74%	1.95
FLRFluor Corporation	7B	43.44	3.53	5.43%	25.35%	69.19%	9.48%	0.28
SUNESUNation Energy Inc.	3.61M	1.06	-0.00	-28.59%	-33.82%	-93.5%		2.39
FGLFounder Group Limited Ordinary Shares	2.68M	0.15	-2.18	-38.98%	-5.7%	-32.28%		2.09
MTRXMatrix Service Company	381.37M	13.56	-12.79	5.64%	-2.93%	-17.54%	28.79%	0.15

Profit & Loss

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Sales/Revenue+	1.31B	1.2B	1.09B	1.42B	1.1B	673.4M	707.78M	795.02M	728.21M	769.29M
Revenue Growth %	-0.03%	-0.09%	-0.09%	0.3%	-0.22%	-0.39%	0.05%	0.12%	-0.08%	0.06%
Cost of Goods Sold+	1.19B	1.12B	999.62M	1.28B	998.76M	640.63M	708.99M	764.2M	687.74M	729.61M
COGS % of Revenue	0.9%	0.93%	0.92%	0.91%	0.91%	0.95%	1%	0.96%	0.94%	0.95%
Gross Profit+	125.99M	81M	91.94M	131.95M	102.18M	32.77M	-1.21M	30.82M	40.47M	39.68M
Gross Margin %	0.1%	0.07%	0.08%	0.09%	0.09%	0.05%	-0%	0.04%	0.06%	0.05%
Gross Profit Growth %	0.44%	-0.36%	0.13%	0.44%	-0.23%	-0.68%	-1.04%	26.56%	0.31%	-0.02%
Operating Expenses+	85.11M	76.14M	84.42M	94.02M	138.8M	76.51M	86.65M	83.71M	70.59M	74.75M
OpEx % of Revenue	0.06%	0.06%	0.08%	0.07%	0.13%	0.11%	0.12%	0.11%	0.1%	0.1%
Selling, General & Admin	85.11M	76.14M	84.42M	94.02M	86.28M	69.76M	67.69M	68.25M	70.08M	71.17M
SG&A % of Revenue	0.06%	0.06%	0.08%	0.07%	0.08%	0.1%	0.1%	0.09%	0.1%	0.09%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-567K	-334K	550K	611K	52.52M	6.76M	18.96M	15.46M	501K	3.57M
Operating Income+	40.88M	4.86M	-10.48M	37.8M	-36.63M	-43.75M	-87.85M	-52.89M	-30.11M	-35.07M
Operating Margin %	0.03%	0%	-0.01%	0.03%	-0.03%	-0.06%	-0.12%	-0.07%	-0.04%	-0.05%
Operating Income Growth %	3.64%	-0.88%	-3.16%	4.61%	-1.97%	-0.19%	-1.01%	0.4%	0.43%	-0.16%
EBITDA+	62.32M	26.46M	9.87M	56.02M	-17.5M	-25.89M	-72.6M	-39.19M	-19.09M	-25.06M
EBITDA Margin %	0.05%	0.02%	0.01%	0.04%	-0.02%	-0.04%	-0.1%	-0.05%	-0.03%	-0.03%
EBITDA Growth %	0.93%	-0.58%	-0.63%	4.68%	-1.31%	-0.48%	-1.8%	0.46%	0.51%	-0.31%
D&A (Non-Cash Add-back)	21.44M	21.6M	20.35M	18.22M	19.12M	17.86M	15.25M	13.69M	11.02M	10.01M
EBIT	47.28M	5.46M	-9.55M	37.93M	-35.05M	-41.7M	-55.33M	-50.74M	-23.88M	-28.48M
Net Interest Income+	-662K	-2.08M	-2.22M	-129K	-327K	-1.43M	-2.86M	-1.73M	209K	6.13M
Interest Income	190K	132K	381K	1.17M	1.27M	126K	90K	290K	1.34M	6.65M
Interest Expense	852K	2.21M	2.6M	1.3M	1.6M	1.56M	2.95M	2.02M	1.13M	518K
Other Income/Expense	-1.23M	-2.41M	-1.67M	482K	-19K	484K	29.57M	126K	5.1M	6.07M
Pretax Income+	39.65M	2.45M	-12.15M	38.41M	-36.64M	-43.26M	-58.28M	-52.76M	-25.01M	-29M
Pretax Margin %	0.03%	0%	-0.01%	0.03%	-0.03%	-0.06%	-0.08%	-0.07%	-0.03%	-0.04%
Income Tax+	14.12M	2.31M	-668K	10.43M	-3.57M	-12.04M	5.62M	-400K	-36K	464K
Effective Tax Rate %	0.73%	-0.07%	0.95%	0.73%	0.9%	0.72%	1.1%	0.99%	1%	1.02%
Net Income+	28.86M	-183K	-11.48M	27.98M	-33.07M	-31.22M	-63.9M	-52.36M	-24.98M	-29.46M
Net Margin %	0.02%	-0%	-0.01%	0.02%	-0.03%	-0.05%	-0.09%	-0.07%	-0.03%	-0.04%
Net Income Growth %	0.68%	-1.01%	-61.73%	3.44%	-2.18%	0.06%	-1.05%	0.18%	0.52%	-0.18%
Net Income (Continuing)	25.54M	138K	-11.48M	27.98M	-33.07M	-31.22M	-63.9M	-52.36M	-24.98M	-29.46M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	-1.18M	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	1.07	-0.01	-0.43	1.01	-1.24	-1.18	-2.39	-1.94	-0.91	-1.06
EPS Growth %	0.7%	-1.01%	-	3.35%	-2.23%	0.05%	-1.03%	0.19%	0.53%	-0.16%
EPS (Basic)	1.09	-0.01	-0.43	1.04	-1.24	-1.18	-2.39	-1.94	-0.91	-1.06
Diluted Shares Outstanding	27.1M	26.53M	26.77M	27.59M	26.62M	26.45M	26.73M	26.99M	27.38M	27.77M
Basic Shares Outstanding	26.6M	26.53M	26.7M	26.89M	26.62M	26.45M	26.73M	26.99M	27.38M	27.77M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Total Current Assets+	375.45M	358.63M	357.05M	417.31M	335.16M	291.22M	287.41M	262.26M	301.59M	419.77M
Cash & Short-Term Investments	71.66M	43.8M	64.06M	89.72M	100.04M	83.88M	52.37M	54.81M	115.61M	224.64M
Cash Only	71.66M	43.8M	64.06M	89.72M	100.04M	83.88M	52.37M	54.81M	115.61M	224.64M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	294.44M	306.18M	283.38M	314.54M	224.14M	165M	212.18M	191.15M	173.06M	184.87M
Days Sales Outstanding	81.92	93.32	94.76	81.04	74.31	89.43	109.42	87.76	86.74	87.71
Inventory	3.94M	3.74M	5.15M	8.02M	6.46M	7.34M	9.97M	7.44M	8.84M	5.92M
Days Inventory Outstanding	1.21	1.22	1.88	2.28	2.36	4.18	5.13	3.55	4.69	2.96
Other Current Assets	5.42M	8.96M	7.82M	5.06M	4.53M	35M	8.87M	3.12M	12K	4.35M
Total Non-Current Assets+	189.52M	227.4M	200.99M	216.08M	182.15M	176.34M	153.38M	138.25M	149.76M	180.48M
Property, Plant & Equipment	84.73M	80.27M	72.64M	79.33M	102.12M	91.82M	75.94M	69.34M	62.65M	59.92M
Fixed Asset Turnover	15.48x	14.92x	15.03x	17.86x	10.78x	7.33x	9.32x	11.46x	11.62x	12.84x
Goodwill	78.29M	113.5M	96.16M	93.37M	60.37M	60.64M	42.13M	29.12M	29.02M	29.05M
Intangible Assets	21M	26.3M	22.81M	19.47M	8.84M	6.61M	4.8M	3.07M	1.65M	555K
Long-Term Investments	300K	0	0	17.7M	1.6M	0	0	0	0	0
Other Non-Current Assets	1.48M	3.94M	4.52M	3.53M	3.23M	11.97M	30.51M	36.72M	56.44M	90.96M
Total Assets+	564.97M	586.03M	558.03M	633.39M	517.31M	467.56M	440.79M	400.5M	451.35M	600.26M
Asset Turnover	2.32x	2.04x	1.96x	2.24x	2.13x	1.44x	1.61x	1.99x	1.61x	1.28x
Asset Growth %	-0%	0.04%	-0.05%	0.14%	-0.18%	-0.1%	-0.06%	-0.09%	0.13%	0.33%
Total Current Liabilities+	246.03M	218.98M	238.47M	275.5M	175.95M	153.4M	177.78M	187.53M	265.12M	436.38M
Accounts Payable	141.44M	105.65M	79.44M	114.65M	73.09M	60.92M	74.89M	76.36M	65.63M	80.45M
Days Payables Outstanding	43.53	34.54	29.01	32.57	26.71	34.71	38.55	36.47	34.83	40.25
Short-Term Debt	0	0	0	0	7.57M	0	0	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	74.19M	17.04M	13.9M	14.35M	15.19M	0	0	0	0	0
Current Ratio	1.53x	1.64x	1.50x	1.51x	1.90x	1.90x	1.62x	1.40x	1.14x	0.96x
Quick Ratio	1.51x	1.62x	1.48x	1.49x	1.87x	1.85x	1.56x	1.36x	1.10x	0.95x
Cash Conversion Cycle	39.6	60.01	67.63	50.75	49.96	58.91	76	54.84	56.6	50.43
Total Non-Current Liabilities+	3.37M	45.24M	725K	5.94M	33.47M	28.61M	35.3M	31.48M	22.05M	21.16M
Long-Term Debt	0	44.68M	0	5.35M	9.21M	0	15M	10M	0	0
Capital Lease Obligations	0	0	0	0	20M	20.77M	19.9M	20.66M	19.16M	16.99M
Deferred Tax Liabilities	3.2M	128K	429K	298K	61K	34K	26K	26K	25K	25K
Other Non-Current Liabilities	173K	435K	296K	293K	4.21M	7.81M	372K	799K	2.87M	4.15M
Total Liabilities	249.4M	264.22M	239.19M	281.44M	209.42M	182.02M	213.09M	219.02M	287.17M	457.54M
Total Debt+	0	44.68M	0	5.35M	36.77M	26.52M	40.62M	35.32M	22.89M	21.43M
Net Debt	-71.66M	877K	-64.06M	-84.37M	-63.26M	-57.36M	-11.75M	-19.49M	-92.72M	-203.21M
Debt / Equity	-	0.14x	-	0.02x	0.12x	0.09x	0.18x	0.19x	0.14x	0.15x
Debt / EBITDA	-	1.69x	-	0.10x	-	-	-	-	-	-
Net Debt / EBITDA	-1.15x	0.03x	-6.49x	-1.51x	-	-	-	-	-	-
Interest Coverage	47.98x	2.20x	-4.03x	29.17x	-22.93x	-28.06x	-29.77x	-26.13x	-26.65x	-67.70x
Total Equity+	315.57M	321.81M	318.84M	351.96M	307.89M	285.54M	227.71M	181.48M	164.18M	142.72M
Equity Growth %	0.11%	0.02%	-0.01%	0.1%	-0.13%	-0.07%	-0.2%	-0.2%	-0.1%	-0.13%
Book Value per Share	11.64	12.13	11.91	12.76	11.57	10.80	8.52	6.72	6.00	5.14
Total Shareholders' Equity	316.74M	321.81M	318.84M	351.96M	307.89M	285.54M	227.71M	181.48M	164.18M	142.72M
Common Stock	279K	279K	279K	279K	279K	279K	279K	279K	279K	279K
Retained Earnings	223.26M	222.97M	211.49M	239.48M	206.4M	175.18M	111.28M	58.92M	33.94M	4.48M
Treasury Stock	-26.91M	-22.54M	-17.72M	-17.76M	-29.39M	-20.74M	-15.53M	-9.75M	-6.08M	-2.61M
Accumulated OCI	-6.84M	-7.32M	-7.41M	-7.75M	-8.37M	-6.75M	-8.18M	-8.77M	-9.54M	-9.4M
Minority Interest	-1.18M	0	0	0	0	0	0	0	0	0

Cash Flow

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Cash from Operations+	30.33M	-18.75M	74.67M	41.39M	44.09M	-2.97M	-54.2M	10.25M	72.57M	117.47M
Operating CF Margin %	0.02%	-0.02%	0.07%	0.03%	0.04%	-0%	-0.08%	0.01%	0.1%	0.15%
Operating CF Growth %	0.24%	-1.62%	4.98%	-0.45%	0.07%	-1.07%	-17.24%	1.19%	6.08%	0.62%
Net Income	25.54M	138K	-11.48M	27.98M	-33.07M	-31.22M	-63.9M	-52.36M	-24.98M	-29.46M
Depreciation & Amortization	21.44M	21.6M	20.35M	18.22M	19.12M	17.86M	15.25M	13.69M	11.02M	10.01M
Stock-Based Compensation	6.32M	7.46M	8.62M	11.91M	9.88M	8.16M	7.88M	6.79M	7.75M	8.9M
Deferred Taxes	1.87M	-2.56M	-1.19M	2.06M	-3.63M	889K	5.36M	-12.38M	0	0
Other Non-Cash Items	2.97M	1.9M	17.84M	-575K	44.11M	-202K	-12.38M	22M	-3.56M	242K
Working Capital Changes	-27.81M	-47.29M	40.53M	-18.21M	7.67M	1.55M	-6.41M	32.5M	82.34M	127.78M
Change in Receivables	4.15M	-11.93M	5.5M	-15.37M	56.6M	11.11M	-20.57M	8.66M	-1.08M	-44.67M
Change in Inventory	606K	198K	-1.42M	-2.87M	1.56M	-882K	-2.63M	2.51M	-1.4M	2.92M
Change in Payables	14.7M	-37.05M	-25.88M	32.65M	-38.91M	-12.39M	13.65M	1.21M	-10.38M	14.81M
Cash from Investing+	-26.57M	-51.42M	-9.34M	-14.45M	-17.12M	-2.26M	35.67M	-2.54M	-945K	-7.45M
Capital Expenditures	-13.94M	-11.91M	-8.71M	-19.56M	-18.54M	-4.35M	-3.35M	-9.01M	-6.99M	-7.68M
CapEx % of Revenue	0.01%	0.01%	0.01%	0.01%	0.02%	0.01%	0%	0.01%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	422K	1.31M	1.06M	1.23M	0	0	39.02M	0	6.05M	240K
Cash from Financing+	-10.59M	42.73M	-45.31M	-1.11M	-16.04M	-12.32M	12.7M	-5.06M	-10.37M	-1.04M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	11.23M	340K	610K	439K	320K	648K	-2.5M	252K	84K	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	16.39M	-30.65M	65.96M	21.84M	25.55M	-7.33M	-57.54M	1.24M	65.58M	109.79M
FCF Margin %	0.01%	-0.03%	0.06%	0.02%	0.02%	-0.01%	-0.08%	0%	0.09%	0.14%
FCF Growth %	0.89%	-2.87%	3.15%	-0.67%	0.17%	-1.29%	-6.86%	1.02%	51.97%	0.67%
FCF per Share	0.60	-1.16	2.46	0.79	0.96	-0.28	-2.15	0.05	2.40	3.95
FCF Conversion (FCF/Net Income)	1.05x	102.44x	-6.50x	1.48x	-1.33x	0.10x	0.85x	-0.20x	-2.91x	-3.99x
Interest Paid	881K	1.79M	2.72M	1.71M	2.15M	1.83M	2.77M	0	0	395K
Taxes Paid	9.37M	11.97M	1.41M	3.31M	6.39M	451K	0	0	0	328K

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	9.62%	-0.06%	-3.58%	8.34%	-10.02%	-10.52%	-24.9%	-25.59%	-14.45%	-19.2%
Return on Invested Capital (ROIC)	13.39%	1.29%	-2.72%	10.85%	-10.73%	-13.88%	-29.67%	-20.99%	-19.35%	-479.77%
Gross Margin	9.6%	6.76%	8.42%	9.31%	9.28%	4.87%	-0.17%	3.88%	5.56%	5.16%
Net Margin	2.2%	-0.02%	-1.05%	1.98%	-3%	-4.64%	-9.03%	-6.59%	-3.43%	-3.83%
Debt / Equity	-	0.14x	-	0.02x	0.12x	0.09x	0.18x	0.19x	0.14x	0.15x
Interest Coverage	47.98x	2.20x	-4.03x	29.17x	-22.93x	-28.06x	-29.77x	-26.13x	-26.65x	-67.70x
FCF Conversion	1.05x	102.44x	-6.50x	1.48x	-1.33x	0.10x	0.85x	-0.20x	-2.91x	-3.99x
Revenue Growth	-2.77%	-8.72%	-8.85%	29.79%	-22.29%	-38.83%	5.11%	12.33%	-8.4%	5.64%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Storage and Terminal Solutions	-	-	-	-	-	263.43M	232.84M	255.69M	276.8M	365.89M
Storage and Terminal Solutions Growth	-	-	-	-	-	-	-11.61%	9.82%	8.25%	32.19%
Utility And Power Infrastructure	-	-	-	-	-	210.05M	220.09M	169.5M	-	248.69M
Utility And Power Infrastructure Growth	-	-	-	-	-	-	4.78%	-22.99%	-	-
Process and Industrial Facilities	-	-	-	-	-	199.92M	254.85M	369.82M	266.26M	154.7M
Process and Industrial Facilities Growth	-	-	-	-	-	-	27.48%	45.12%	-28.00%	-41.90%
Corporate	-	-	-	-	-	-	-	-	1.23M	-
Corporate Growth	-	-	-	-	-	-	-	-	-	-
Unallocated Corporate Costs	-	-	-	-	-	-	-	-	-	-
Unallocated Corporate Costs Growth	-	-	-	-	-	-	-	-	-	-
Storage Solutions	565.96M	-	314.7M	521.93M	559.2M	-	-	-	-	-
Storage Solutions Growth	-	-	-	65.85%	7.14%	-	-	-	-	-
Industrial	149.89M	-	198.15M	357.46M	227.9M	-	-	-	-	-
Industrial Growth	-	-	-	80.40%	-36.25%	-	-	-	-	-
Oil Gas And Chemical	505.95M	-	322.77M	319.87M	200.95M	-	-	-	-	-
Oil Gas And Chemical Growth	-	-	-	-0.90%	-37.18%	-	-	-	-	-
Electrical Infrastructure	698.02M	373.38M	255.93M	217.42M	112.89M	-	-	-	-	-
Electrical Infrastructure Growth	-	-46.51%	-31.46%	-15.05%	-48.08%	-	-	-	-	-

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
UNITED STATES	1.13B	961.05M	981.29M	1.37B	1.02B	604.74M	640.51M	720.14M	662.45M	719.39M
UNITED STATES Growth	-	-14.79%	2.11%	39.39%	-25.42%	-40.72%	5.92%	12.43%	-8.01%	8.60%
CANADA	178.6M	228.63M	104.21M	41.41M	70.13M	61.7M	63.05M	61.69M	56.42M	41.23M
CANADA Growth	-	28.01%	-54.42%	-60.26%	69.36%	-12.02%	2.17%	-2.15%	-8.54%	-26.93%
International	5.42M	7.83M	-	-	-	-	-	-	-	-
International Growth	-	44.53%	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Matrix Service Company (MTRX) reported $815.6M in revenue for fiscal year 2025. This represents a 10% increase from $739.0M in 2012.

Matrix Service Company (MTRX) grew revenue by 5.6% over the past year. This is steady growth.

Matrix Service Company (MTRX) reported a net loss of $23.9M for fiscal year 2025.

Dividend & Returns

Matrix Service Company (MTRX) has a return on equity (ROE) of -19.2%. Negative ROE indicates the company is unprofitable.

Matrix Service Company (MTRX) generated $71.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.