NASDAQ · Financial Statements

Matrix Service Company (MTRX) Financial Statements

$9.71 NASDAQ: MTRX Market Cap $274.71M

Matrix Service Company most recently reported annual revenue of $874.0M, a net loss of $3.0M. Revenue grew at an average annual rate of 5.4% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Matrix Service Company: Revenue fell from $1.2B in 2017 to $874.0M in 2026, a change of -27.0% over 9 years; net profit was positive in 1 of 10 reported years; operating margin moved from 0.4% to -1.1%, a shift of -1.5 percentage points; the most recent year shows a net loss of $3.0M.

Income Statement — 10 Years (USD millions)

Metric2017201820192020202120222023202420252026
Revenue$1.2B$1.1B$1.4B$1.1B$673.0M$708.0M$795.0M$728.0M$769.0M$874.0M
Operating Expenses$1.2B$1.1B$1.4B$1.1B$717.0M$796.0M$848.0M$758.0M$804.0M$883.0M
Operating Profit$5.0M$-10.0M$38.0M$-37.0M$-44.0M$-88.0M$-53.0M$-30.0M$-35.0M$-10.0M
Operating Margin0.4%-1.0%2.7%-3.3%-6.5%-12.4%-6.7%-4.1%-4.6%-1.1%
Other Income$-2.0M$-2.0M$0$0$0$30.0M$0$5.0M$6.0M$7.0M
Interest$2.0M$3.0M$1.0M$2.0M$2.0M$3.0M$2.0M$1.0M$1.0M$0
Depreciation$22.0M$20.0M$18.0M$19.0M$18.0M$15.0M$14.0M$11.0M$10.0M$9.0M
Profit Before Tax$2.0M$-12.0M$38.0M$-37.0M$-43.0M$-58.0M$-53.0M$-25.0M$-29.0M$-2.0M
Tax$94.4M$5.5M$27.1M$9.7M$27.8M$-9.6M$760,000$140,000$-1.6M$-16.0M
Net Profit$0$-11.0M$28.0M$-33.0M$-31.0M$-64.0M$-52.0M$-25.0M$-29.0M$-3.0M
EPS$-0.01$-0.43$1.01$-1.24$-1.18$-2.39$-1.94$-0.91$-1.06$-0.09
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$198.0M$175.0M$166.0M$189.0M$166.0M$187.0M$200.0M$216.0M$212.0M$211.0M$207.0M$245.0M
Operating Expenses$203.0M$180.0M$180.0M$195.0M$176.0M$194.0M$205.0M$229.0M$214.0M$212.0M$205.0M$242.0M
Operating Profit$-5.0M$-5.0M$-14.0M$-5.0M$-11.0M$-6.0M$-5.0M$-13.0M$-2.0M$-2.0M$2.0M$3.0M
Operating Margin-2.7%-2.9%-8.7%-2.8%-6.5%-3.4%-2.5%-6.0%-1.0%-0.9%0.9%1.0%
Interest$0$0$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$-3.0M$-3.0M$-15.0M$-4.0M$-9.0M$-6.0M$-3.0M$-11.0M$-4.0M$-1.0M$1.0M$1.0M
Tax$0$-210,000$10,000$910,000$0$-290,000$0$-4.1M$-1.9M$-22.3M$4.0M$7.2M
Net Profit$-3.0M$-3.0M$-15.0M$-4.0M$-9.0M$-6.0M$-3.0M$-11.0M$-4.0M$-1.0M$1.0M$1.0M
EPS$-0.12$-0.10$-0.53$-0.16$-0.33$-0.20$-0.12$-0.40$-0.13$-0.03$0.03$0.04

Over the 10 years reported for Matrix Service Company, borrowings decreased from $45.0M in 2017 to $19.0M in 2026, cash stood at $223.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 0.99 times.

Balance Sheet — 10 Years (USD millions)

Metric2017201820192020202120222023202420252026
Total Assets$586.0M$558.0M$633.0M$517.0M$468.0M$441.0M$401.0M$451.0M$600.0M$603.0M
Current Assets$359.0M$357.0M$417.0M$335.0M$291.0M$287.0M$262.0M$302.0M$420.0M$436.0M
Cash$44.0M$64.0M$90.0M$100.0M$84.0M$52.0M$55.0M$116.0M$225.0M$223.0M
Inventory$4.0M$5.0M$8.0M$6.0M$7.0M$10.0M$7.0M$9.0M$6.0M$6.0M
Receivables$306.0M$283.0M$315.0M$224.0M$165.0M$212.0M$191.0M$173.0M$185.0M$201.0M
Fixed Assets$80.0M$73.0M$79.0M$102.0M$92.0M$76.0M$69.0M$63.0M$60.0M$51.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$0$0$18.0M$2.0M$3.0M$29.0M$35.0M$54.0M$87.0M$0
Other Assets$114.0M$96.0M$93.0M$60.0M$61.0M$42.0M$29.0M$29.0M$29.0M$29.0M
Total Liabilities$264.0M$239.0M$281.0M$209.0M$182.0M$213.0M$219.0M$287.0M$458.0M$461.0M
Current Liabilities$219.0M$238.0M$275.0M$176.0M$153.0M$178.0M$188.0M$265.0M$436.0M$442.0M
Borrowings$45.0M$0$5.0M$37.0M$27.0M$41.0M$35.0M$23.0M$21.0M$19.0M
Other Liabilities$220.0M$239.0M$276.0M$173.0M$155.0M$172.0M$184.0M$264.0M$436.0M$441.0M
Equity$0$0$0$0$0$0$0$0$0$0
Reserves$322.0M$319.0M$352.0M$308.0M$286.0M$228.0M$181.0M$164.0M$143.0M$142.0M

For Matrix Service Company, operating cash flow was positive in 7 of 10 reported years; free cash flow in the latest year was $1.0M; free cash flow was positive in 7 of 10 years; financing activities used $4.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2017201820192020202120222023202420252026
Operating Cash Flow$-19.0M$75.0M$41.0M$44.0M$-3.0M$-54.0M$10.0M$73.0M$117.0M$7.0M
Investing Cash Flow$-63.0M$-18.0M$-34.0M$-36.0M$-7.0M$32.0M$-12.0M$-8.0M$-15.0M$-9.0M
Financing Cash Flow$-2.0M$0$-6.0M$-20.0M$-1.0M$-2.0M$0$0$-1.0M$-4.0M
Net Cash Flow$-28.0M$20.0M$26.0M$10.0M$-16.0M$-7.0M$2.0M$61.0M$109.0M$-2.0M
Free Cash Flow$-31.0M$66.0M$22.0M$26.0M$-7.0M$-58.0M$1.0M$66.0M$110.0M$1.0M

Valuation & Return Ratios

MetricValue
PEG Ratio-0.51
EV / EBITDA12.51
FCF Yield0.49%
Quick Ratio0.97
Interest Coverage-7.05
Return 1Y-14.98%
Return 3Y100.16%
Return 5Y16.89%

Matrix Service Company (MTRX) financials — frequently asked questions

What is Matrix Service Company's annual revenue?

Matrix Service Company (MTRX) reported annual revenue of $874.0M in its most recent fiscal year.

What is Matrix Service Company's net profit?

Matrix Service Company (MTRX) reported a net loss of $3.0M in its most recent fiscal year.

What is MTRX EV/EBITDA?

Matrix Service Company's enterprise value to EBITDA (EV/EBITDA) ratio is 12.51.

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