Matador Resources Company (MTDR) 10-Year Financial Performance & Capital Metrics

MTDR •

EnergyOil & Gas E&PU.S. shale oil focused producers

AboutMatador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. It operates through two segments, Exploration and Production; and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. It also operates the Eagle Ford shale play in South Texas; and the Haynesville shale and Cotton Valley plays in Northwest Louisiana. In addition, the company conducts midstream operations in support of its exploration, development, and production operations; provides natural gas processing and oil transportation services; and offers oil, natural gas, and produced water gathering services, as well as produced water disposal services to third parties. As of December 31, 2021, its estimated total proved oil and natural gas reserves were 323.4 million barrels of oil equivalent, including 181.3 million stock tank barrels of oil and 852.5 billion cubic feet of natural gas. The company was formerly known as Matador Holdco, Inc. and changed its name to Matador Resources Company in August 2011. Matador Resources Company was founded in 2003 and is headquartered in Dallas, Texas.Show more

Revenue $3.7B +6.2%
EBITDA $2.42B +0.5%
Net Income $759M -14.2%
EPS (Diluted) 6.09 -14.7%
Gross Margin 88.75% +100.2%
EBITDA Margin 65.52% -5.4%
Operating Margin 33.18% -19.5%
Net Margin 20.54% -19.3%
ROE 13.26% -28.2%
ROIC 11.75% -24.1%
Debt/Equity 0.35 -8.7%
Interest Coverage 5.88 -29.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓FCF machine: 65.6% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 34.0%
✓Good 3Y average ROE of 18.2%
✓Healthy dividend yield of 2.5%
✓Healthy 5Y average net margin of 30.2%

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y27.87%

5Y34.01%

3Y6.52%

TTM6.21%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-14.49%

TTM-14.24%

EPS CAGR

10Y-

5Y-

3Y-15.55%

TTM-14.57%

ROCE

10Y Avg11.36%

5Y Avg22.41%

3Y Avg16.63%

Latest12.8%

Peer Comparison

U.S. shale oil focused producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CHRDChord Energy Corporation	6.15B	108.37	146.45	-7.12%	9.07%	5.48%	11.26%	0.19
FANGDiamondback Energy, Inc.	49.54B	174.08	30.38	36.31%	11.11%	3.87%	10.57%	0.34
MGYMagnolia Oil & Gas Corporation	153.01M	27.82	14.34	7.25%	24.79%	5.49%	100%	0.21
PRPermian Resources Corporation	1.54B	18.29	14.29	-100%	24%	8.11%	100%	0.01
EOGEOG Resources, Inc.	67.33B	124.08	13.62	-3.47%	22.07%	16.69%	5.84%	0.28
OVVOvintiv Inc.	12.81B	50.59	10.58	-4.55%	14.13%	11.09%	11.74%	0.67
DVNDevon Energy Corporation	27B	43.53	10.36	10.41%	15.91%	17.01%	11.55%	0.57
MTDRMatador Resources Company	6.46B	51.40	8.44	6.25%	20.55%	12.66%	37.51%	0.35

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Sales/Revenue+	264.42M	544.28M	899.6M	1.03B	855.2M	1.66B	3.06B	2.82B	3.48B	3.7B
Revenue Growth %	-16.37%	105.84%	65.28%	14.26%	-16.8%	94.46%	83.89%	-7.86%	23.47%	6.25%
Cost of Goods Sold+	226.69M	316.13M	465.49M	666.31M	634.36M	771.44M	1.18B	1.48B	1.94B	415.81M
COGS % of Revenue	85.73%	58.08%	51.74%	64.82%	74.18%	46.39%	38.59%	52.64%	55.67%	11.25%
Gross Profit+	37.74M	228.15M	434.11M	361.6M	220.84M	891.54M	1.88B	1.33B	1.54B	3.28B
Gross Margin %	14.27%	41.92%	48.26%	35.18%	25.82%	53.61%	61.41%	47.36%	44.33%	88.75%
Gross Profit Growth %	-13.44%	504.57%	90.28%	-16.7%	-38.93%	303.7%	110.64%	-28.94%	15.56%	112.72%
Operating Expenses+	56.27M	67.31M	70.84M	126.12M	742.34M	98.46M	118.65M	125.15M	107.46M	2.05B
OpEx % of Revenue	21.28%	12.37%	7.87%	12.27%	86.8%	5.92%	3.88%	4.44%	3.09%	55.57%
Selling, General & Admin	55.09M	66.02M	69.31M	80.05M	62.58M	96.4M	116.23M	110.37M	127.45M	137.07M
SG&A % of Revenue	20.83%	12.13%	7.7%	7.79%	7.32%	5.8%	3.8%	3.92%	3.66%	3.71%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-4K	3.55M	1.55M	46.07M	679.76M	2.07M	2.42M	14.78M	-20M	1.92B
Operating Income+	-177.17M	160.84M	363.27M	235.48M	-521.5M	793.08M	1.76B	1.21B	1.43B	1.23B
Operating Margin %	-67%	29.55%	40.38%	22.91%	-60.98%	47.69%	57.53%	42.92%	41.24%	33.18%
Operating Income Growth %	78.08%	190.78%	125.86%	-35.18%	-321.46%	252.08%	121.83%	-31.26%	18.64%	-14.51%
EBITDA+	-53.94M	339.63M	629.94M	586.02M	-159.67M	1.14B	2.23B	1.93B	2.41B	2.42B
EBITDA Margin %	-20.4%	62.4%	70.02%	57.01%	-18.67%	68.55%	72.86%	68.36%	69.24%	65.52%
EBITDA Growth %	91.43%	729.68%	85.48%	-6.97%	-127.25%	814.01%	95.43%	-13.56%	25.08%	0.54%
D&A (Non-Cash Add-back)	123.23M	178.79M	266.67M	350.54M	361.83M	346.97M	468.77M	716.69M	974.3M	1.2B
EBIT	-69.89M	164.41M	333.4M	232.39M	-522.47M	790.03M	1.75B	1.22B	1.44B	1.24B
Net Interest Income+	-28.2M	-34.56M	-41.33M	-73.87M	-76.69M	-74.69M	-67.16M	-121.52M	-171.69M	-208.52M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	28.2M	34.56M	41.33M	73.87M	76.69M	74.69M	67.16M	121.52M	171.69M	208.52M
Other Income/Expense	79.07M	-30.99M	-71.2M	-76.97M	-77.66M	-77.73M	-73.6M	-112.94M	-170.99M	-193.1M
Pretax Income+	-98.09M	129.85M	292.07M	158.51M	-599.16M	715.35M	1.69B	1.1B	1.26B	1.03B
Pretax Margin %	-37.1%	23.86%	32.47%	15.42%	-70.06%	43.02%	55.12%	38.91%	36.32%	27.96%
Income Tax+	-1.04M	-8.16M	-7.69M	35.53M	-45.6M	74.71M	399.36M	186.03M	292.36M	172.68M
Effective Tax Rate %	99.31%	96.93%	93.88%	55.37%	99.01%	81.77%	72.03%	77.17%	70.06%	73.47%
Net Income+	-97.42M	125.87M	274.21M	87.78M	-593.21M	584.97M	1.21B	846.07M	885.32M	759.22M
Net Margin %	-36.84%	23.13%	30.48%	8.54%	-69.36%	35.18%	39.71%	30.03%	25.45%	20.54%
Net Income Growth %	85.67%	229.2%	117.85%	-67.99%	-775.81%	198.61%	107.57%	-30.32%	4.64%	-14.24%
Net Income (Continuing)	-97.06M	138.01M	299.76M	122.98M	-553.56M	640.64M	1.29B	910.36M	971.34M	759.22M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	1.32M	100.99M	90.78M	135.8M	226.5M	220.18M	206.29M	216.83M	368.28M	338.51M
EPS (Diluted)+	-1.07	1.23	2.41	1.05	-4.77	4.91	10.11	7.05	7.14	6.09
EPS Growth %	87.17%	214.95%	95.94%	-56.43%	-554.29%	202.94%	105.91%	-30.27%	1.28%	-14.71%
EPS (Basic)	-1.07	1.23	2.41	1.06	-4.77	5.00	10.28	7.10	7.16	6.10
Diluted Shares Outstanding	91.27M	102.54M	113.69M	117.06M	116.07M	119.16M	120.13M	119.98M	124.08M	124.59M
Basic Shares Outstanding	91.05M	102.03M	113.58M	116.56M	116.07M	117M	118.12M	119.14M	123.57M	124.56M
Dividend Payout Ratio	-	-	-	-	-	2.49%	2.9%	9.12%	11.85%	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Current Assets+	279.18M	257.17M	305.69M	278.49M	261.63M	371.31M	1.07B	715.87M	927.35M	816.57M
Cash & Short-Term Investments	212.88M	96.5M	64.55M	40.02M	57.92M	48.13M	505.18M	52.66M	23.03M	15.31M
Cash Only	212.88M	96.5M	64.55M	40.02M	57.92M	48.13M	505.18M	52.66M	23.03M	15.31M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	58.67M	141.22M	146.15M	189.41M	119.92M	241.42M	405.81M	472.95M	654.73M	0
Days Sales Outstanding	80.98	94.7	59.3	67.26	51.18	52.99	48.44	61.27	68.69	-
Inventory	3.04M	5.99M	17.56M	10.74M	10.58M	12.19M	15.18M	41.81M	38.47M	43.84M
Days Inventory Outstanding	4.9	6.92	13.77	5.89	6.09	5.77	4.7	10.29	7.25	38.48
Other Current Assets	1.26M	7.17M	69.37M	25.1M	57.41M	40.76M	94.09M	94.81M	211.11M	757.41M
Total Non-Current Assets+	1.19B	1.89B	3.15B	3.79B	3.43B	3.89B	4.48B	7.01B	9.92B	9.52B
Property, Plant & Equipment	1.18B	1.88B	3.12B	3.7B	3.42B	3.86B	4.48B	7B	47.53M	53.2M
Fixed Asset Turnover	0.22x	0.29x	0.29x	0.28x	0.25x	0.43x	0.68x	0.40x	73.19x	69.48x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	958K	7.06M	6.51M	91.59M	6.35M	34.16M	5.68M	10.28M	9.88B	9.47B
Total Assets+	1.46B	2.15B	3.46B	4.07B	3.69B	4.26B	5.55B	7.73B	10.85B	10.34B
Asset Turnover	0.18x	0.25x	0.26x	0.25x	0.23x	0.39x	0.55x	0.36x	0.32x	0.36x
Asset Growth %	28.38%	46.5%	61.04%	17.77%	-9.4%	15.59%	30.32%	39.11%	40.42%	-4.7%
Total Current Liabilities+	169.5M	282.61M	330.02M	399.77M	290.94M	464.84M	575.87M	685.27M	995.36M	1.03B
Accounts Payable	4.67M	11.76M	66.97M	25.23M	13.98M	26.26M	58.85M	68.19M	147.14M	0
Days Payables Outstanding	7.53	13.57	52.51	13.82	8.05	12.42	18.2	16.78	27.73	-
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Deferred Revenue (Current)	124.04M	241.06M	249.32M	0	0	0	0	0	0	0
Other Current Liabilities	109.71M	156.49M	130.87M	69.18M	112.82M	63.88M	218.35M	231.5M	848.22M	1.03B
Current Ratio	1.65x	0.91x	0.93x	0.70x	0.90x	0.80x	1.86x	1.04x	0.93x	0.79x
Quick Ratio	1.63x	0.89x	0.87x	0.67x	0.86x	0.77x	1.83x	0.98x	0.89x	0.75x
Cash Conversion Cycle	78.36	88.05	20.56	59.32	49.23	46.33	34.93	54.78	48.21	-
Total Non-Current Liabilities+	603.72M	605.54M	1.35B	1.7B	1.88B	1.67B	1.66B	2.91B	3.4B	3.31B
Long-Term Debt	573.92M	574.07M	1.3B	1.58B	1.81B	1.53B	1.16B	2.21B	2.11B	2.12B
Capital Lease Obligations	0	0	0	0	21.85M	0	19.96M	0	0	0
Deferred Tax Liabilities	0	0	13.22M	37.33M	0	77.94M	0	0	847.67M	1.02B
Other Non-Current Liabilities	29.79M	31.46M	34.78M	80.71M	46.47M	64.41M	481.34M	707.41M	439.39M	175.35M
Total Liabilities	773.22M	888.14M	1.68B	2.1B	2.17B	2.13B	2.24B	3.6B	5.39B	4.34B
Total Debt+	573.92M	574.07M	1.3B	1.6B	1.87B	1.56B	1.23B	2.27B	2.11B	2.12B
Net Debt	361.04M	477.57M	1.23B	1.56B	1.82B	1.51B	719.83M	2.22B	2.09B	2.11B
Debt / Equity	0.83x	0.46x	0.73x	0.81x	1.24x	0.73x	0.37x	0.55x	0.39x	0.35x
Debt / EBITDA	-	1.69x	2.06x	2.73x	-	1.37x	0.55x	1.18x	0.88x	0.88x
Net Debt / EBITDA	-	1.41x	1.96x	2.66x	-	1.33x	0.32x	1.15x	0.87x	0.87x
Interest Coverage	-6.28x	4.65x	8.79x	3.19x	-6.80x	10.62x	26.19x	9.95x	8.36x	5.88x
Total Equity+	691.45M	1.26B	1.78B	1.97B	1.51B	2.13B	3.32B	4.13B	5.46B	6B
Equity Growth %	41.41%	81.87%	41.52%	10.66%	-23.18%	40.6%	55.92%	24.44%	32.22%	9.88%
Book Value per Share	7.58	12.26	15.65	16.82	13.04	17.85	27.61	34.40	43.98	48.13
Total Shareholders' Equity	690.13M	1.16B	1.69B	1.83B	1.29B	1.91B	3.11B	3.91B	5.09B	5.66B
Common Stock	995K	1.08M	1.16M	1.17M	1.17M	1.18M	1.19M	1.19M	1.25M	1.24M
Retained Earnings	-636.35M	-510.48M	-236.28M	-148.5M	-741.71M	-171.32M	1.01B	1.78B	2.56B	3.15B
Treasury Stock	0	-69K	-415K	-26K	-3K	-243K	-34K	-45K	-2.34M	0
Accumulated OCI	-1.86B	-2.04B	-2.31B	0	0	0	0	0	0	0
Minority Interest	1.32M	100.99M	90.78M	135.8M	226.5M	220.18M	206.29M	216.83M	368.28M	338.51M

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	134.09M	299.13M	608.52M	552.04M	477.58M	1.05B	1.98B	1.87B	2.25B	2.43B
Operating CF Margin %	50.71%	54.96%	67.64%	53.71%	55.84%	63.34%	64.71%	66.29%	64.59%	65.61%
Operating CF Growth %	-35.7%	123.08%	103.43%	-9.28%	-13.49%	120.56%	87.85%	-5.61%	20.29%	7.93%
Net Income	-97.06M	138.01M	299.76M	122.98M	-553.56M	640.64M	1.29B	910.36M	971.34M	860.77M
Depreciation & Amortization	0	0	0	0	0	344.9M	466.35M	716.69M	974.3M	1.2B
Stock-Based Compensation	12.36M	16.65M	17.2M	18.5M	13.63M	9.04M	15.12M	13.66M	14.98M	18.33M
Deferred Taxes	0	0	-7.24M	35.53M	-45.6M	74.71M	344.48M	172.1M	265.31M	165.59M
Other Non-Cash Items	216.97M	169.52M	234.37M	409.54M	1.09B	-14.95M	-15.59M	4.99M	7.88M	184.97M
Working Capital Changes	1.81M	-25.06M	64.43M	-34.52M	-23.08M	-982K	-117.94M	50.03M	13.08M	0
Change in Receivables	-14.26M	-82.55M	-4.93M	-43.26M	53M	-98.46M	-228.38M	48.14M	-138.14M	114.28M
Change in Inventory	-700K	-3.62M	-12.18M	4.78M	-655K	-1.54M	-2.85M	-3.03M	-10.93M	-35.31M
Change in Payables	6.61M	33.56M	68.65M	-19M	-43.84M	76.89M	63.45M	2.81M	33.75M	-8.93M
Cash from Investing+	-448.74M	-819.28M	-1.52B	-903.98M	-775.67M	-729.26M	-1.04B	-3.21B	-3.67B	-2.16B
Capital Expenditures	-74.84M	-5.69M	-652.86M	-50.77M	-72.81M	-238.61M	-230.89M	-187.66M	-454.44M	0
CapEx % of Revenue	28.31%	1.05%	72.57%	4.94%	8.51%	14.35%	7.55%	6.66%	13.06%	-
Acquisitions	0	0	0	0	0	0	0	0	-1.72B	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-373.89M	-813.6M	-862.4M	-853.21M	-702.86M	-490.66M	-806.59M	-3.02B	-1.5B	-2.16B
Cash from Financing+	467.71M	408.5M	888.23M	333.08M	324.34M	-328.55M	-480.85M	902.33M	1.41B	-282.6M
Debt Issued (Net)	184.63M	0	705.72M	283M	231M	-289M	-364.3M	1.05B	1.14B	0
Equity Issued (Net)	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	1000K	0
Dividends Paid	0	0	0	0	0	-14.58M	-35.25M	-77.17M	-104.88M	-163.1M
Share Repurchases	-1.95M	-5.76M	-6.47M	-3.69M	-1.56M	-8.21M	-19.24M	-22.91M	0	-55.85M
Other Financing	285.03M	414.26M	188.98M	53.77M	94.89M	-16.76M	-62.06M	-49.38M	34.58M	-119.5M
Net Change in Cash	196.15M	-116.38M	-18.5M	-18.86M	26.25M	-4.46M	460.41M	-441.03M	-11.56M	-15.27M
Free Cash Flow+	-319.83M	-521.14M	-915.06M	-373.86M	-302.87M	319.88M	894.75M	318.02M	280.04M	2.43B
FCF Margin %	-120.95%	-95.75%	-101.72%	-36.37%	-35.42%	19.23%	29.26%	11.29%	8.05%	65.61%
FCF Growth %	-10.79%	-62.94%	-75.59%	59.14%	18.99%	205.61%	179.72%	-64.46%	-11.94%	765.96%
FCF per Share	-3.50	-5.08	-8.05	-3.19	-2.61	2.68	7.45	2.65	2.26	19.46
FCF Conversion (FCF/Net Income)	-1.38x	2.38x	2.22x	6.29x	-0.81x	1.80x	1.63x	2.21x	2.54x	3.19x
Interest Paid	0	0	0	0	0	0	72.56M	111.74M	160.27M	0
Taxes Paid	0	0	0	0	0	0	63.5M	4.6M	30M	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-16.51%	12.92%	18.06%	4.68%	-34.07%	32.14%	44.6%	22.73%	18.47%	13.26%
Return on Invested Capital (ROIC)	-13.87%	8.65%	11.48%	5.4%	-11.41%	17.07%	34.38%	17.47%	15.49%	11.75%
Gross Margin	14.27%	41.92%	48.26%	35.18%	25.82%	53.61%	61.41%	47.36%	44.33%	88.75%
Net Margin	-36.84%	23.13%	30.48%	8.54%	-69.36%	35.18%	39.71%	30.03%	25.45%	20.54%
Debt / Equity	0.83x	0.46x	0.73x	0.81x	1.24x	0.73x	0.37x	0.55x	0.39x	0.35x
Interest Coverage	-6.28x	4.65x	8.79x	3.19x	-6.80x	10.62x	26.19x	9.95x	8.36x	5.88x
FCF Conversion	-1.38x	2.38x	2.22x	6.29x	-0.81x	1.80x	1.63x	2.21x	2.54x	3.19x
Revenue Growth	-16.37%	105.84%	65.28%	14.26%	-16.8%	94.46%	83.89%	-7.86%	23.47%	6.25%

US Stock Screener

...

Matador Resources Company (MTDR) 10-Year Financial Performance & Capital Metrics

MTDR •

EnergyOil & Gas E&PU.S. shale oil focused producers

Revenue $3.7B +6.2%
EBITDA $2.42B +0.5%
Net Income $759M -14.2%
EPS (Diluted) 6.09 -14.7%
Gross Margin 88.75% +100.2%
EBITDA Margin 65.52% -5.4%
Operating Margin 33.18% -19.5%
Net Margin 20.54% -19.3%
ROE 13.26% -28.2%
ROIC 11.75% -24.1%
Debt/Equity 0.35 -8.7%
Interest Coverage 5.88 -29.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓FCF machine: 65.6% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 34.0%
✓Good 3Y average ROE of 18.2%
✓Healthy dividend yield of 2.5%
✓Healthy 5Y average net margin of 30.2%

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y27.87%

5Y34.01%

3Y6.52%

TTM6.21%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-14.49%

TTM-14.24%

EPS CAGR

10Y-

5Y-

3Y-15.55%

TTM-14.57%

ROCE

10Y Avg11.36%

5Y Avg22.41%

3Y Avg16.63%

Latest12.8%

Peer Comparison

U.S. shale oil focused producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CHRDChord Energy Corporation	6.15B	108.37	146.45	-7.12%	9.07%	5.48%	11.26%	0.19
FANGDiamondback Energy, Inc.	49.54B	174.08	30.38	36.31%	11.11%	3.87%	10.57%	0.34
MGYMagnolia Oil & Gas Corporation	153.01M	27.82	14.34	7.25%	24.79%	5.49%	100%	0.21
PRPermian Resources Corporation	1.54B	18.29	14.29	-100%	24%	8.11%	100%	0.01
EOGEOG Resources, Inc.	67.33B	124.08	13.62	-3.47%	22.07%	16.69%	5.84%	0.28
OVVOvintiv Inc.	12.81B	50.59	10.58	-4.55%	14.13%	11.09%	11.74%	0.67
DVNDevon Energy Corporation	27B	43.53	10.36	10.41%	15.91%	17.01%	11.55%	0.57
MTDRMatador Resources Company	6.46B	51.40	8.44	6.25%	20.55%	12.66%	37.51%	0.35

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Sales/Revenue+	264.42M	544.28M	899.6M	1.03B	855.2M	1.66B	3.06B	2.82B	3.48B	3.7B
Revenue Growth %	-16.37%	105.84%	65.28%	14.26%	-16.8%	94.46%	83.89%	-7.86%	23.47%	6.25%
Cost of Goods Sold+	226.69M	316.13M	465.49M	666.31M	634.36M	771.44M	1.18B	1.48B	1.94B	415.81M
COGS % of Revenue	85.73%	58.08%	51.74%	64.82%	74.18%	46.39%	38.59%	52.64%	55.67%	11.25%
Gross Profit+	37.74M	228.15M	434.11M	361.6M	220.84M	891.54M	1.88B	1.33B	1.54B	3.28B
Gross Margin %	14.27%	41.92%	48.26%	35.18%	25.82%	53.61%	61.41%	47.36%	44.33%	88.75%
Gross Profit Growth %	-13.44%	504.57%	90.28%	-16.7%	-38.93%	303.7%	110.64%	-28.94%	15.56%	112.72%
Operating Expenses+	56.27M	67.31M	70.84M	126.12M	742.34M	98.46M	118.65M	125.15M	107.46M	2.05B
OpEx % of Revenue	21.28%	12.37%	7.87%	12.27%	86.8%	5.92%	3.88%	4.44%	3.09%	55.57%
Selling, General & Admin	55.09M	66.02M	69.31M	80.05M	62.58M	96.4M	116.23M	110.37M	127.45M	137.07M
SG&A % of Revenue	20.83%	12.13%	7.7%	7.79%	7.32%	5.8%	3.8%	3.92%	3.66%	3.71%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-4K	3.55M	1.55M	46.07M	679.76M	2.07M	2.42M	14.78M	-20M	1.92B
Operating Income+	-177.17M	160.84M	363.27M	235.48M	-521.5M	793.08M	1.76B	1.21B	1.43B	1.23B
Operating Margin %	-67%	29.55%	40.38%	22.91%	-60.98%	47.69%	57.53%	42.92%	41.24%	33.18%
Operating Income Growth %	78.08%	190.78%	125.86%	-35.18%	-321.46%	252.08%	121.83%	-31.26%	18.64%	-14.51%
EBITDA+	-53.94M	339.63M	629.94M	586.02M	-159.67M	1.14B	2.23B	1.93B	2.41B	2.42B
EBITDA Margin %	-20.4%	62.4%	70.02%	57.01%	-18.67%	68.55%	72.86%	68.36%	69.24%	65.52%
EBITDA Growth %	91.43%	729.68%	85.48%	-6.97%	-127.25%	814.01%	95.43%	-13.56%	25.08%	0.54%
D&A (Non-Cash Add-back)	123.23M	178.79M	266.67M	350.54M	361.83M	346.97M	468.77M	716.69M	974.3M	1.2B
EBIT	-69.89M	164.41M	333.4M	232.39M	-522.47M	790.03M	1.75B	1.22B	1.44B	1.24B
Net Interest Income+	-28.2M	-34.56M	-41.33M	-73.87M	-76.69M	-74.69M	-67.16M	-121.52M	-171.69M	-208.52M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	28.2M	34.56M	41.33M	73.87M	76.69M	74.69M	67.16M	121.52M	171.69M	208.52M
Other Income/Expense	79.07M	-30.99M	-71.2M	-76.97M	-77.66M	-77.73M	-73.6M	-112.94M	-170.99M	-193.1M
Pretax Income+	-98.09M	129.85M	292.07M	158.51M	-599.16M	715.35M	1.69B	1.1B	1.26B	1.03B
Pretax Margin %	-37.1%	23.86%	32.47%	15.42%	-70.06%	43.02%	55.12%	38.91%	36.32%	27.96%
Income Tax+	-1.04M	-8.16M	-7.69M	35.53M	-45.6M	74.71M	399.36M	186.03M	292.36M	172.68M
Effective Tax Rate %	99.31%	96.93%	93.88%	55.37%	99.01%	81.77%	72.03%	77.17%	70.06%	73.47%
Net Income+	-97.42M	125.87M	274.21M	87.78M	-593.21M	584.97M	1.21B	846.07M	885.32M	759.22M
Net Margin %	-36.84%	23.13%	30.48%	8.54%	-69.36%	35.18%	39.71%	30.03%	25.45%	20.54%
Net Income Growth %	85.67%	229.2%	117.85%	-67.99%	-775.81%	198.61%	107.57%	-30.32%	4.64%	-14.24%
Net Income (Continuing)	-97.06M	138.01M	299.76M	122.98M	-553.56M	640.64M	1.29B	910.36M	971.34M	759.22M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	1.32M	100.99M	90.78M	135.8M	226.5M	220.18M	206.29M	216.83M	368.28M	338.51M
EPS (Diluted)+	-1.07	1.23	2.41	1.05	-4.77	4.91	10.11	7.05	7.14	6.09
EPS Growth %	87.17%	214.95%	95.94%	-56.43%	-554.29%	202.94%	105.91%	-30.27%	1.28%	-14.71%
EPS (Basic)	-1.07	1.23	2.41	1.06	-4.77	5.00	10.28	7.10	7.16	6.10
Diluted Shares Outstanding	91.27M	102.54M	113.69M	117.06M	116.07M	119.16M	120.13M	119.98M	124.08M	124.59M
Basic Shares Outstanding	91.05M	102.03M	113.58M	116.56M	116.07M	117M	118.12M	119.14M	123.57M	124.56M
Dividend Payout Ratio	-	-	-	-	-	2.49%	2.9%	9.12%	11.85%	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Current Assets+	279.18M	257.17M	305.69M	278.49M	261.63M	371.31M	1.07B	715.87M	927.35M	816.57M
Cash & Short-Term Investments	212.88M	96.5M	64.55M	40.02M	57.92M	48.13M	505.18M	52.66M	23.03M	15.31M
Cash Only	212.88M	96.5M	64.55M	40.02M	57.92M	48.13M	505.18M	52.66M	23.03M	15.31M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	58.67M	141.22M	146.15M	189.41M	119.92M	241.42M	405.81M	472.95M	654.73M	0
Days Sales Outstanding	80.98	94.7	59.3	67.26	51.18	52.99	48.44	61.27	68.69	-
Inventory	3.04M	5.99M	17.56M	10.74M	10.58M	12.19M	15.18M	41.81M	38.47M	43.84M
Days Inventory Outstanding	4.9	6.92	13.77	5.89	6.09	5.77	4.7	10.29	7.25	38.48
Other Current Assets	1.26M	7.17M	69.37M	25.1M	57.41M	40.76M	94.09M	94.81M	211.11M	757.41M
Total Non-Current Assets+	1.19B	1.89B	3.15B	3.79B	3.43B	3.89B	4.48B	7.01B	9.92B	9.52B
Property, Plant & Equipment	1.18B	1.88B	3.12B	3.7B	3.42B	3.86B	4.48B	7B	47.53M	53.2M
Fixed Asset Turnover	0.22x	0.29x	0.29x	0.28x	0.25x	0.43x	0.68x	0.40x	73.19x	69.48x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	958K	7.06M	6.51M	91.59M	6.35M	34.16M	5.68M	10.28M	9.88B	9.47B
Total Assets+	1.46B	2.15B	3.46B	4.07B	3.69B	4.26B	5.55B	7.73B	10.85B	10.34B
Asset Turnover	0.18x	0.25x	0.26x	0.25x	0.23x	0.39x	0.55x	0.36x	0.32x	0.36x
Asset Growth %	28.38%	46.5%	61.04%	17.77%	-9.4%	15.59%	30.32%	39.11%	40.42%	-4.7%
Total Current Liabilities+	169.5M	282.61M	330.02M	399.77M	290.94M	464.84M	575.87M	685.27M	995.36M	1.03B
Accounts Payable	4.67M	11.76M	66.97M	25.23M	13.98M	26.26M	58.85M	68.19M	147.14M	0
Days Payables Outstanding	7.53	13.57	52.51	13.82	8.05	12.42	18.2	16.78	27.73	-
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Deferred Revenue (Current)	124.04M	241.06M	249.32M	0	0	0	0	0	0	0
Other Current Liabilities	109.71M	156.49M	130.87M	69.18M	112.82M	63.88M	218.35M	231.5M	848.22M	1.03B
Current Ratio	1.65x	0.91x	0.93x	0.70x	0.90x	0.80x	1.86x	1.04x	0.93x	0.79x
Quick Ratio	1.63x	0.89x	0.87x	0.67x	0.86x	0.77x	1.83x	0.98x	0.89x	0.75x
Cash Conversion Cycle	78.36	88.05	20.56	59.32	49.23	46.33	34.93	54.78	48.21	-
Total Non-Current Liabilities+	603.72M	605.54M	1.35B	1.7B	1.88B	1.67B	1.66B	2.91B	3.4B	3.31B
Long-Term Debt	573.92M	574.07M	1.3B	1.58B	1.81B	1.53B	1.16B	2.21B	2.11B	2.12B
Capital Lease Obligations	0	0	0	0	21.85M	0	19.96M	0	0	0
Deferred Tax Liabilities	0	0	13.22M	37.33M	0	77.94M	0	0	847.67M	1.02B
Other Non-Current Liabilities	29.79M	31.46M	34.78M	80.71M	46.47M	64.41M	481.34M	707.41M	439.39M	175.35M
Total Liabilities	773.22M	888.14M	1.68B	2.1B	2.17B	2.13B	2.24B	3.6B	5.39B	4.34B
Total Debt+	573.92M	574.07M	1.3B	1.6B	1.87B	1.56B	1.23B	2.27B	2.11B	2.12B
Net Debt	361.04M	477.57M	1.23B	1.56B	1.82B	1.51B	719.83M	2.22B	2.09B	2.11B
Debt / Equity	0.83x	0.46x	0.73x	0.81x	1.24x	0.73x	0.37x	0.55x	0.39x	0.35x
Debt / EBITDA	-	1.69x	2.06x	2.73x	-	1.37x	0.55x	1.18x	0.88x	0.88x
Net Debt / EBITDA	-	1.41x	1.96x	2.66x	-	1.33x	0.32x	1.15x	0.87x	0.87x
Interest Coverage	-6.28x	4.65x	8.79x	3.19x	-6.80x	10.62x	26.19x	9.95x	8.36x	5.88x
Total Equity+	691.45M	1.26B	1.78B	1.97B	1.51B	2.13B	3.32B	4.13B	5.46B	6B
Equity Growth %	41.41%	81.87%	41.52%	10.66%	-23.18%	40.6%	55.92%	24.44%	32.22%	9.88%
Book Value per Share	7.58	12.26	15.65	16.82	13.04	17.85	27.61	34.40	43.98	48.13
Total Shareholders' Equity	690.13M	1.16B	1.69B	1.83B	1.29B	1.91B	3.11B	3.91B	5.09B	5.66B
Common Stock	995K	1.08M	1.16M	1.17M	1.17M	1.18M	1.19M	1.19M	1.25M	1.24M
Retained Earnings	-636.35M	-510.48M	-236.28M	-148.5M	-741.71M	-171.32M	1.01B	1.78B	2.56B	3.15B
Treasury Stock	0	-69K	-415K	-26K	-3K	-243K	-34K	-45K	-2.34M	0
Accumulated OCI	-1.86B	-2.04B	-2.31B	0	0	0	0	0	0	0
Minority Interest	1.32M	100.99M	90.78M	135.8M	226.5M	220.18M	206.29M	216.83M	368.28M	338.51M

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	134.09M	299.13M	608.52M	552.04M	477.58M	1.05B	1.98B	1.87B	2.25B	2.43B
Operating CF Margin %	50.71%	54.96%	67.64%	53.71%	55.84%	63.34%	64.71%	66.29%	64.59%	65.61%
Operating CF Growth %	-35.7%	123.08%	103.43%	-9.28%	-13.49%	120.56%	87.85%	-5.61%	20.29%	7.93%
Net Income	-97.06M	138.01M	299.76M	122.98M	-553.56M	640.64M	1.29B	910.36M	971.34M	860.77M
Depreciation & Amortization	0	0	0	0	0	344.9M	466.35M	716.69M	974.3M	1.2B
Stock-Based Compensation	12.36M	16.65M	17.2M	18.5M	13.63M	9.04M	15.12M	13.66M	14.98M	18.33M
Deferred Taxes	0	0	-7.24M	35.53M	-45.6M	74.71M	344.48M	172.1M	265.31M	165.59M
Other Non-Cash Items	216.97M	169.52M	234.37M	409.54M	1.09B	-14.95M	-15.59M	4.99M	7.88M	184.97M
Working Capital Changes	1.81M	-25.06M	64.43M	-34.52M	-23.08M	-982K	-117.94M	50.03M	13.08M	0
Change in Receivables	-14.26M	-82.55M	-4.93M	-43.26M	53M	-98.46M	-228.38M	48.14M	-138.14M	114.28M
Change in Inventory	-700K	-3.62M	-12.18M	4.78M	-655K	-1.54M	-2.85M	-3.03M	-10.93M	-35.31M
Change in Payables	6.61M	33.56M	68.65M	-19M	-43.84M	76.89M	63.45M	2.81M	33.75M	-8.93M
Cash from Investing+	-448.74M	-819.28M	-1.52B	-903.98M	-775.67M	-729.26M	-1.04B	-3.21B	-3.67B	-2.16B
Capital Expenditures	-74.84M	-5.69M	-652.86M	-50.77M	-72.81M	-238.61M	-230.89M	-187.66M	-454.44M	0
CapEx % of Revenue	28.31%	1.05%	72.57%	4.94%	8.51%	14.35%	7.55%	6.66%	13.06%	-
Acquisitions	0	0	0	0	0	0	0	0	-1.72B	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-373.89M	-813.6M	-862.4M	-853.21M	-702.86M	-490.66M	-806.59M	-3.02B	-1.5B	-2.16B
Cash from Financing+	467.71M	408.5M	888.23M	333.08M	324.34M	-328.55M	-480.85M	902.33M	1.41B	-282.6M
Debt Issued (Net)	184.63M	0	705.72M	283M	231M	-289M	-364.3M	1.05B	1.14B	0
Equity Issued (Net)	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	1000K	0
Dividends Paid	0	0	0	0	0	-14.58M	-35.25M	-77.17M	-104.88M	-163.1M
Share Repurchases	-1.95M	-5.76M	-6.47M	-3.69M	-1.56M	-8.21M	-19.24M	-22.91M	0	-55.85M
Other Financing	285.03M	414.26M	188.98M	53.77M	94.89M	-16.76M	-62.06M	-49.38M	34.58M	-119.5M
Net Change in Cash	196.15M	-116.38M	-18.5M	-18.86M	26.25M	-4.46M	460.41M	-441.03M	-11.56M	-15.27M
Free Cash Flow+	-319.83M	-521.14M	-915.06M	-373.86M	-302.87M	319.88M	894.75M	318.02M	280.04M	2.43B
FCF Margin %	-120.95%	-95.75%	-101.72%	-36.37%	-35.42%	19.23%	29.26%	11.29%	8.05%	65.61%
FCF Growth %	-10.79%	-62.94%	-75.59%	59.14%	18.99%	205.61%	179.72%	-64.46%	-11.94%	765.96%
FCF per Share	-3.50	-5.08	-8.05	-3.19	-2.61	2.68	7.45	2.65	2.26	19.46
FCF Conversion (FCF/Net Income)	-1.38x	2.38x	2.22x	6.29x	-0.81x	1.80x	1.63x	2.21x	2.54x	3.19x
Interest Paid	0	0	0	0	0	0	72.56M	111.74M	160.27M	0
Taxes Paid	0	0	0	0	0	0	63.5M	4.6M	30M	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-16.51%	12.92%	18.06%	4.68%	-34.07%	32.14%	44.6%	22.73%	18.47%	13.26%
Return on Invested Capital (ROIC)	-13.87%	8.65%	11.48%	5.4%	-11.41%	17.07%	34.38%	17.47%	15.49%	11.75%
Gross Margin	14.27%	41.92%	48.26%	35.18%	25.82%	53.61%	61.41%	47.36%	44.33%	88.75%
Net Margin	-36.84%	23.13%	30.48%	8.54%	-69.36%	35.18%	39.71%	30.03%	25.45%	20.54%
Debt / Equity	0.83x	0.46x	0.73x	0.81x	1.24x	0.73x	0.37x	0.55x	0.39x	0.35x
Interest Coverage	-6.28x	4.65x	8.79x	3.19x	-6.80x	10.62x	26.19x	9.95x	8.36x	5.88x
FCF Conversion	-1.38x	2.38x	2.22x	6.29x	-0.81x	1.80x	1.63x	2.21x	2.54x	3.19x
Revenue Growth	-16.37%	105.84%	65.28%	14.26%	-16.8%	94.46%	83.89%	-7.86%	23.47%	6.25%

Matador Resources Company (MTDR) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare MTDR vs Peers

vs EOG

vs FANG

Compare Top 5

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios

Matador Resources Company (MTDR) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare MTDR vs Peers

vs EOG

vs FANG

Compare Top 5

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios