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MTRXMatrix Service Company
$13.87$390M
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HomeStocksMTRXBalance Sheet

Matrix Service Company (MTRX) Balance Sheet

30Y historyFree accessUpdated daily

The company maintains a conservative capital structure with a debt-to-equity ratio of 0.13 and a substantial cash reserve of $233.0 million, providing a significant liquidity buffer against operational volatility.

MTRX Balance Sheet

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly
MetricTTMJun'25Jun'24Jun'23Jun'22Jun'21Jun'20Jun'19Jun'18Jun'17Jun'16Jun'15Jun'14Jun'13Jun'12Jun'11Jun'10May'09May'08May'07May'06May'05May'04May'03Jun'02May'01May'00May'99May'98May'97May'96
Total Current Assets412.03M419.77M301.59M262.26M287.41M291.22M335.16M417.31M357.05M358.63M375.45M381.18M375.55M296.27M230.52M215.55M198.53M209.85M190.61M165.29M122.92M137.58M124.97M101.43M54.92M48.76M42.78M58.7M70.5M57.8M49.2M
Cash & Short-Term Investments233.02M224.64M115.61M54.81M52.37M83.88M100.04M89.72M64.06M43.8M71.66M79.24M77.11M63.75M39.73M59.36M50.9M34.55M21.99M9.15M8.59M1.5M752K775K826K835K1.81M3M2.6M1.9M1.9M
Cash Only233.02M224.64M115.61M54.81M52.37M83.88M100.04M89.72M64.06M43.8M71.66M79.24M77.11M63.75M39.73M59.36M50.9M34.55M21.99M9.15M8.59M1.5M752K775K826K835K1.81M3M2.6M1.9M1.9M
Short-Term Investments0000000000000000000000000000000
Accounts Receivable163.96M184.87M173.06M191.15M212.18M165M224.14M314.54M283.38M306.18M294.44M285.8M280.5M214.61M176.6M103.88M89.11M122.93M155.8M98.5M75.83M94.07M115.78M92.33M35.57M42.13M35.22M42.9M52.5M49.1M41.3M
Days Sales Outstanding84.0187.7186.7487.76109.4289.4374.3181.0494.7693.3281.9277.3181.0687.7687.2260.4759.0565.0577.7638.2556.0478.1969.52116.8558.3580.5666.3474.2189.1797.8882.02
Inventory6.01M5.92M8.84M7.44M9.97M7.34M6.46M8.02M5.15M3.74M3.94M2.77M3.04M2.99M2.48M2.25M3.45M4.93M4.25M4.89M4.74M4.74M4.58M2.85M2.81M2.77M3.05M3.1M6.4M5M4.1M
Days Inventory Outstanding2.82.964.693.555.134.182.362.281.881.221.210.80.991.371.371.492.533.022.373.113.874.242.984.055.216.016.555.8612.3211.329.22
Other Current Assets9.04M4.35M12K3.12M8.87M35M4.53M5.06M7.82M8.96M5.42M6.24M17.69M14.92M11.71M10.01M9.29M7.59M4.91M4.21M3.64M6.3M1.49M2.48M13.44M442K2.71M9.7M9M1.8M1.9M
Total Non-Current Assets204.52M180.48M149.76M138.25M153.38M176.34M182.15M216.08M200.99M227.4M189.52M184.49M193.38M113.7M92.62M90.89M86.28M93.6M83.99M77.62M65.36M64.8M96.57M101.5M46.27M34.96M35.53M29.5M42.2M59.1M56.6M
Property, Plant & Equipment51.28M59.92M62.65M69.34M75.94M91.82M102.12M79.33M72.64M80.27M84.73M85.06M89.17M71.3M54.88M53.31M52.93M58.81M57.25M45.99M37.44M37.08M45.65M47.36M32.42M21.86M21.29M18.2M28.4M30M28.9M
Fixed Asset Turnover20.08x12.84x11.62x11.46x9.32x7.33x10.78x17.86x15.03x14.92x15.48x15.86x14.16x12.52x13.47x11.76x10.41x11.73x12.77x20.43x13.19x11.84x13.32x6.09x6.86x8.73x9.10x11.59x7.57x6.10x6.36x
Goodwill28.93M29.05M29.02M29.12M42.13M60.64M60.37M93.37M96.16M113.5M78.29M71.52M69.84M30.84M28.68M29.06M27.22M25.77M23.33M23.36M23.44M0000000000
Intangible Assets12K555K1.65M3.07M4.8M6.61M8.84M19.47M22.81M26.3M21M23.96M28.68M7.55M6.5M6.95M4.14M4.57M00024.83M49.67M51.29M10.93M11.26M11.66M11.1M13.2M28.7M27M
Long-Term Investments161.5M86.5M53.6M35M29M3.1M1.6M17.7M00300K-2.07M-5.17M-7.45M-6.08M-5.79M-4.18M-4.82M-5.11M-2.51M-3.5M-4.14M000000000
Other Non-Current Assets99.29M4.46M2.84M1.72M1.51M8.87M3.23M3.53M4.52M3.94M1.48M3.95M5.7M4.02M2.56M1.56M2M4.45M3.41M8.27M4.48M2.89M1.25M2.85M2.92M1.85M2.58M200K600K400K700K
Total Assets616.55M600.26M451.35M400.5M440.79M467.56M517.31M633.39M558.03M586.03M564.97M565.66M568.93M409.98M323.13M306.44M284.81M303.45M274.59M242.91M188.28M202.38M221.55M202.94M101.19M83.72M78.31M88.2M112.7M116.9M105.8M
Asset Turnover1.37x1.28x1.61x1.99x1.61x1.44x2.13x2.24x1.96x2.04x2.32x2.39x2.22x2.18x2.29x2.05x1.93x2.27x2.66x3.87x2.62x2.17x2.74x1.42x2.20x2.28x2.47x2.39x1.91x1.57x1.74x
Asset Growth %87.22%32.99%12.7%-9.14%-5.72%-9.62%-18.33%13.5%-4.78%3.73%-0.12%-0.57%38.77%26.88%5.45%7.59%-6.14%10.51%13.04%29.02%-6.97%-8.65%9.17%100.55%20.87%6.92%-11.22%-21.74%-3.59%10.49%0.09%
Total Current Liabilities460.2M436.38M265.12M187.53M177.78M153.4M175.95M275.5M238.47M218.98M246.03M267.09M269.86M164.37M105.96M100.14M102.78M127.39M129.78M113.98M80.26M115.85M61.06M83.15M29.11M24.92M23.4M33M29.4M29.5M22.8M
Accounts Payable90.14M80.45M65.63M76.36M74.89M60.92M73.09M114.65M79.44M105.65M141.44M125.79M111.86M68.96M48.93M36.38M44.77M48.67M53.56M86.39M59.2M38.06M27.53M40.68M12.95M10.23M8.76M9.8M12.3M12.7M9M
Days Payables Outstanding41.0640.2534.8336.4738.5534.7126.7132.5729.0134.5443.5336.3936.2431.5527.0824.0532.8229.8429.7954.9448.3634.0417.8957.8223.9722.1718.8218.5323.6828.7620.24
Short-Term Debt4.58M000007.57M00000000262K772K01.04M753K406K42.88M4.89M4.89M589K022K2.1M2.1M1.5M1.6M
Deferred Revenue (Current)1.36B323.59M171.31M85.44M65.11M53.83M63.89M105.63M120.74M75.13M58.33M102.47M108.44M62.85M028.01M28.37M26.38M24.44M23.18M18.44M20.8M13.42M11.34M6.25M000000
Other Current Liabilities8.5M0000015.19M14.35M13.9M17.04M74.19M0481K040.62M45.14M42.93M51.3M47.67M3.67M1.81M14.12M15.22M26.23M9.32M7.55M14.62M21.1M15M15.3M12.2M
Current Ratio0.90x0.96x1.14x1.40x1.62x1.90x1.90x1.51x1.50x1.64x1.53x1.43x1.39x1.80x2.18x2.15x1.93x1.65x1.47x1.45x1.53x1.19x2.05x1.22x1.89x1.96x1.83x1.78x2.40x1.96x2.16x
Quick Ratio0.88x0.95x1.10x1.36x1.56x1.85x1.87x1.49x1.48x1.62x1.51x1.42x1.38x1.78x2.15x2.13x1.90x1.61x1.44x1.41x1.47x1.15x1.97x1.19x1.79x1.85x1.70x1.68x2.18x1.79x1.98x
Cash Conversion Cycle45.7550.4356.654.847658.9149.9650.7567.6360.0139.641.7345.857.5861.5137.9128.7638.2450.33-13.5711.5548.3954.663.0839.5864.454.0761.5477.8180.4471
Total Non-Current Liabilities16.93M21.16M22.05M31.48M35.3M28.61M33.47M5.94M725K45.24M3.37M14.02M16.79M7.45M6.08M6.63M4.44M5.67M6.11M3.35M31.62M38.54M74.77M49.61M11.88M5.5M05.5M18M11.2M10M
Long-Term Debt0019.16M10M15M09.21M5.35M044.68M08.8M11.62M00800K000025M34.17M64.21M38.22M9.29M3.52M05.5M13.1M6.4M4.8M
Capital Lease Obligations61.89M16.99M19.16M20.66M19.9M20.77M20M0000000038K259K850K1M836K538K231K000000000
Deferred Tax Liabilities351K25K25K26K26K34K61K298K429K128K3.2M5.22M5.17M7.45M6.08M5.79M4.18M4.82M5.11M2.51M3.5M4.14M4.95M3.71M2.59M1.98M004.9M4.8M5.1M
Other Non-Current Liabilities2.67M4.15M-16.28M799K372K7.81M4.21M293K296K435K173K7.41M000000002.58M05.61M7.68M000000100K
Total Liabilities477.13M457.54M287.17M219.02M213.09M182.02M209.42M281.44M239.19M264.22M249.4M281.11M286.65M171.82M112.04M106.77M107.22M133.06M135.89M117.33M111.88M154.4M135.83M132.76M40.99M30.41M23.4M38.5M47.4M40.7M32.8M
Total Debt18.69M21.43M22.89M35.32M40.62M26.52M36.77M5.35M044.68M08.8M11.62M001.1M1.03M1.89M2.04M1.59M25.54M73.11M69.1M43.11M9.88M3.52M22K7.6M15.2M7.9M6.4M
Net Debt-214.33M-203.21M-92.72M-19.49M-11.75M-57.36M-63.26M-84.37M-64.06M877K-71.66M-70.44M-65.49M-63.75M-39.73M-58.26M-49.87M-32.66M-19.95M-7.56M16.95M71.61M68.35M42.34M9.05M2.68M-1.78M4.6M12.6M6M4.5M
Debt / Equity0.13x0.15x0.14x0.19x0.18x0.09x0.12x0.02x-0.14x-0.03x0.04x--0.01x0.01x0.01x0.01x0.01x0.33x1.52x0.81x0.61x0.16x0.07x0.00x0.15x0.23x0.10x0.09x
Debt / EBITDA-3.16x------0.10x-1.69x-0.27x0.15x--0.03x0.05x0.03x0.05x0.04x0.91x-2.76x2.34x0.71x0.29x0.00x2.53x1.16x0.73x0.60x
Net Debt / EBITDA36.20x-------1.51x-6.49x0.03x-1.15x-2.18x-0.85x-1.29x-0.92x-1.39x-2.56x-0.56x-0.46x-0.18x0.61x-2.73x2.30x0.65x0.22x-0.16x1.53x0.96x0.56x0.42x
Interest Coverage-26.70x-54.98x-21.13x-25.07x-18.75x-26.75x-21.95x29.27x-3.67x2.47x55.50x7.12x42.21x45.90x38.46x39.51x12.03x85.83x38.88x------------
Total Equity139.42M142.72M164.18M181.48M227.71M285.54M307.89M351.96M318.84M321.81M315.57M284.55M282.28M238.16M211.1M199.67M177.59M170.39M138.7M125.58M76.4M47.98M85.72M70.18M60.2M53.31M54.9M49.7M65.3M76.2M73M
Equity Growth %-42.96%-13.07%-9.53%-20.3%-20.25%-7.26%-12.52%10.39%-0.92%1.98%10.9%0.8%18.53%12.82%5.72%12.44%4.22%22.85%10.45%64.37%59.21%-44.02%22.13%16.58%12.93%-2.91%10.47%-23.89%-14.3%4.38%3.11%
Book Value per Share4.935.146.006.728.5210.8011.5712.7611.9112.1311.6410.4710.469.048.037.486.706.465.164.692.972.774.874.203.713.133.052.633.423.943.80
Total Shareholders' Equity139.42M142.72M164.18M181.48M227.71M285.54M307.89M351.96M318.84M321.81M316.74M293.3M280.52M238.16M211.1M199.67M177.59M170.39M138.7M125.58M76.4M47.98M85.72M70.18M60.2M53.31M54.9M49.7M65.3M76.2M73M
Common Stock281K279K279K279K279K279K279K279K279K279K279K279K279K279K279K279K279K279K279K279K226K193K193K96K96K96K96K100K000
Retained Earnings757K4.48M33.94M58.92M111.28M175.18M206.4M239.48M211.49M222.97M223.26M194.39M177.24M141.43M117.42M100.23M81.25M75.39M44.81M23.42M4.32M-3.31M35.59M26.3M18.13M12.24M7.79M1.6M14.2M26.3M23.6M
Treasury Stock0-2.61M-6.08M-9.75M-15.53M-20.74M-29.39M-17.76M-17.72M-22.54M-26.91M-18.49M-16.59M-21.96M-24.07M-15.96M-16.08M-16.15M-16.37M-3.5M-4.81M-5.2M-5.77M-8.18M-9M-9.82M-3.88M-3M000
Accumulated OCI-10.37M-9.4M-9.54M-8.77M-8.18M-6.75M-8.37M-7.75M-7.41M-7.32M-6.84M-5.93M-182K227K771K1.44M495K596K1.58M967K814K-22K-395K-567K-894K-813K-693K-600K-22.5M-20.9M-17.1M
Minority Interest0000000000-1.18M-8.74M1.77M000000000000000000

Key Metrics

Growth RegimeExpanding
ProfitabilityNegative
Balance SheetHealthy
Cash FlowImproving
Top Statement Risk

Project Execution Margin Volatility

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q3)

Cash Reserves Bolster Operational Runway

According to recent financial disclosures, MTRX maintains a robust cash position of $233.0 million as of 2026Q3, providing a substantial liquidity buffer that significantly exceeds its total debt obligations of $18.7 million, thereby insulating the company against short-term operational volatility and potential project-related cash flow disruptions.

The current liquidity profile appears strong, with cash levels having steadily increased from $47.2 million in 2024Q2. This accumulation suggests that management is prioritizing balance sheet preservation, which is prudent given the inherent unpredictability of project-based revenue and the company's current struggle to achieve consistent GAAP profitability.

Deferred Revenue Signals Future Activity

As reported in quarterly filings, MTRX's deferred revenue has surged to $340.7 million in 2026Q3, representing a significant increase from the $117.3 million recorded in 2024Q2, which suggests a growing pipeline of contracted work that may support future revenue recognition as project milestones are achieved.

While this growth in unearned revenue is a positive indicator of demand, investors should monitor the conversion rate of these obligations into recognized revenue. The reliance on percentage-of-completion accounting means that any delays in project execution could lead to prolonged periods where these liabilities remain on the balance sheet without contributing to bottom-line earnings.

Conservative Leverage Supports Financial Flexibility

Based on the latest balance sheet data, MTRX maintains a conservative capital structure with a debt-to-equity ratio of 0.13 as of 2026Q3, reflecting a disciplined approach to leverage that minimizes interest expense burdens during this period of operational turnaround and negative net income performance.

The minimal debt load provides the company with significant financial flexibility, allowing it to navigate cyclical downturns without the immediate pressure of debt service obligations. This low-leverage stance appears strategic, as it preserves the company's ability to fund potential growth initiatives or weather unexpected project cost overruns without resorting to dilutive financing.

Working Capital Distorts Liquidity Picture

Analysis of recent SEC filings indicates that the company's current ratio of 0.90 in 2026Q3 is heavily influenced by large fluctuations in working capital, which may mask underlying operational inefficiencies and the potential for future write-downs related to unbilled receivables or project-specific disputes.

The reliance on billings in excess of costs as a source of liquidity warrants caution, as it essentially functions as interest-free financing from customers that must eventually be earned through project completion. If project execution falters, these balance sheet items could quickly reverse, creating a liquidity crunch that the current headline cash balance might not fully mitigate.

MTRX — Frequently Asked Questions

Quick answers to the most common questions about buying MTRX stock.

What are the total assets of Matrix Service Company (MTRX)?

As of 2025, Matrix Service Company (MTRX) had total assets of $600.3M including $419.8M in current assets.

How much debt does Matrix Service Company (MTRX) have?

Matrix Service Company (MTRX) carries total debt of $21.4M, offset by $224.6M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.

What is the book value or shareholders' equity of Matrix Service Company?

Matrix Service Company (MTRX) has total shareholders' equity (book value) of $142.7M ($5.14 book value per share). Book value represents the net worth of the company belonging to common stock holders.

What is Matrix Service Company's current ratio and liquidity?

Matrix Service Company (MTRX) reported a current ratio of 0.96x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.