MATRIX SERVICE CO MTRX

Industrials SIC 1700 - Construction - Special Trade Contractors NAICS Construction › Specialty Trade Contractors derived Nasdaq

We began operations in 1984 as an Oklahoma corporation under the name of Matrix Service. In 1989, we incorporated in the State of Delaware under the name of Matrix Service Company, and in 1990 we began trading on the NASDAQ exchange. We provide engineering, fabrication, construction, and maintenance services to support critical energy infrastructure and industrial markets. We maintain regional offices throughout the United States, Canada and other international locations, and operate through separate union and non-union subsidiaries.

Our principal executive offices are located at 15333 JFK Blvd., Ste. 400, Houston, TX, 77032. Unless the context otherwise requires, all references herein to "Matrix Service Company", "Matrix", the "Company" or to "we", "our", and "us" are to Matrix Service Company and its subsidiaries.

Last close 9.71 2026-10-23
Market cap $274.7M 2026-06-30 share count
52-week range 9.38 - 15.96

Valuation FY2026 figures against the last close

P/S0.3x
P/E—
P/FCF192.9x
EV/EBITDA—
Dividend yield—
Diluted EPS-0.09

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Canada
Revenue by geography, 2 categories over 3 years. The same figures are in the table below. FY2026 United States, FY2026: 828.1M (95.6%) 96% United States Canada, FY2026: 38.4M (4.4%) 4% Canada FY2025 United States, FY2025: 719.4M (94.6%) 95% Canada, FY2025: 41.2M (5.4%) 5% FY2024 United States, FY2024: 662.4M (92.2%) 92% Canada, FY2024: 56.4M (7.8%) 8%
Region FY2026FY2025FY2024
United States $828.1M $719.4M $662.4M
Canada $38.4M $41.2M $56.4M

As the company reported it, from the “Segment Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue $873.6M$769.3M$728.2M$795.0M$707.8M$673.4M$1.10B$1.42B$1.09B$1.20B
Cost of revenue $809.7M$729.6M$687.7M$764.2M$709.0M$640.6M$998.8M$1.28B$999.6M$1.12B
Gross profit $64.0M$39.7M$40.5M$30.8M-$1.2M$32.8M$102.2M$132.0M$91.9M$81.0M
SG&A $63.6M$71.2M$70.1M$68.2M$67.7M$69.8M$86.3M$94.0M$84.4M$76.1M
Operating income -$9.6M-$35.1M-$30.1M-$52.9M-$87.9M-$43.7M-$36.6M$37.9M-$10.5M$4.9M
Interest expense $437.0K$518.0K$1.1M$2.0M$3.0M$1.6M$1.6M$1.3M$2.6M$2.2M
Pre-tax income -$2.2M-$29.0M-$25.0M-$52.8M-$58.3M-$43.3M-$36.6M$38.4M-$12.1M$2.4M
Income tax $356.0K$464.0K$36.0K$400.0K$5.6M$12.0M$3.6M$10.4M$668.0K$2.3M
Net income -$2.6M-$29.5M-$25.0M-$52.4M-$63.9M-$31.2M-$33.1M$28.0M-$11.5M-$183.0K
EPS, basic -0.09-1.06-0.91-1.94-2.39-1.18-1.241.04-0.43-0.01
EPS, diluted -0.09-1.06-0.91-1.94-2.39-1.18-1.241.01-0.43-0.01
Shares, diluted (wtd. avg.) 28.3M27.8M27.4M27.0M26.7M26.5M26.6M27.6M26.8M26.5M

Balance sheet

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash and equivalents $223.0M$224.6M$140.6M$79.8M$77.4M$83.9M$100.0M$89.7M$64.1M$43.8M
Receivables $172.0M$155.0M$139.0M$145.8M$153.9M$148.0M$160.7M$218.4M$203.4M$211.0M
Inventory $6.2M$5.9M$8.8M$7.4M$10.0M$7.3M$6.5M$8.0M$5.2M$3.7M
Total current assets $435.6M$419.8M$301.6M$262.3M$287.4M$291.2M$335.2M$417.3M$357.0M$358.6M
Property, plant and equipment $36.3M$42.1M$43.5M$47.5M$53.9M$69.4M$80.7M$79.3M$72.6M$80.3M
Goodwill $28.9M$29.0M$29.0M$29.1M$42.1M$60.6M$60.4M$93.4M$96.2M$113.5M
Other intangibles $0$555.0K$1.7M$3.1M$4.8M$6.6M$8.8M$19.5M$22.8M$26.3M
Total assets $602.6M$600.3M$451.4M$400.5M$440.8M$467.6M$517.3M$633.4M$558.0M$586.0M
Accounts payable $108.7M$80.5M$65.6M$76.4M$74.9M$60.9M$73.1M$114.6M$79.4M$105.6M
Total current liabilities $442.4M$436.4M$265.1M$187.5M$177.8M$153.4M$175.9M$275.5M$238.5M$219.0M
Total liabilities $460.8M$457.5M$287.2M$219.0M$213.1M$182.0M$209.4M$281.4M$239.2M$264.2M
Retained earnings $1.9M$4.5M$33.9M$58.9M$111.3M$175.2M$206.4M$239.5M$211.5M$223.0M
Total equity $141.9M$142.7M$164.2M$181.5M$227.7M$285.5M$307.9M$352.0M$318.8M$321.8M

Cash flow

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating cash flow $6.9M$117.5M$72.6M$10.2M-$54.2M-$3.0M$44.1M$41.4M$74.7M-$18.7M
Depreciation and amortisation $8.6M$10.0M$11.0M$13.7M$15.3M$17.9M$19.1M$18.2M$20.3M$21.6M
Stock-based compensation $7.1M$8.9M$7.7M$6.8M$7.9M$8.2M$9.9M$11.9M$8.6M$7.5M
Capital expenditure $5.5M$7.7M$7.0M$9.0M$3.3M$4.4M$18.5M$19.6M$8.7M$11.9M
Investing cash flow -$3.5M-$7.4M-$945.0K-$2.5M$35.7M-$2.3M-$17.1M-$14.4M-$9.3M-$51.4M
Financing cash flow -$4.2M-$1.0M-$10.4M-$5.1M$12.7M-$12.3M-$16.0M-$1.1M-$45.3M$42.7M
Buybacks ————$0$0$17.0M$5.2M$0$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000866273-26-000057.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B 1.5B Revenue, FY2017: 1.2B Gross profit, FY2017: 81M Net income, FY2017: -183K Revenue, FY2018: 1.1B Gross profit, FY2018: 91.9M Net income, FY2018: -11.5M Revenue, FY2019: 1.4B Gross profit, FY2019: 132M Net income, FY2019: 28M Revenue, FY2020: 1.1B Gross profit, FY2020: 102.2M Net income, FY2020: -33.1M Revenue, FY2021: 673.4M Gross profit, FY2021: 32.8M Net income, FY2021: -31.2M Revenue, FY2022: 707.8M Gross profit, FY2022: -1.2M Net income, FY2022: -63.9M Revenue, FY2023: 795M Gross profit, FY2023: 30.8M Net income, FY2023: -52.4M Revenue, FY2024: 728.2M Gross profit, FY2024: 40.5M Net income, FY2024: -25M Revenue, FY2025: 769.3M Gross profit, FY2025: 39.7M Net income, FY2025: -29.5M Revenue, FY2026: 873.6M Gross profit, FY2026: 64M Net income, FY2026: -2.6M FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026
Fiscal year FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue $1.20B $1.09B $1.42B $1.10B $673.4M $707.8M $795.0M $728.2M $769.3M $873.6M
Gross profit $81.0M $91.9M $132.0M $102.2M $32.8M -$1.2M $30.8M $40.5M $39.7M $64.0M
Net income -$183.0K -$11.5M $28.0M -$33.1M -$31.2M -$63.9M -$52.4M -$25.0M -$29.5M -$2.6M

Recent filings and events

  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Annual report filed Form 10-K
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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