A Business at a Glance
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MATRIX SERVICE CO
MTRX
$343M
Mkt Cap
$12.34
-3.82%
MATRIX SERVICE CO (MTRX) has a 5-year average return on invested capital (ROIC) of -18.9%. This is below average and may indicate limited pricing power.
MATRIX SERVICE CO (MTRX) has a market capitalization of $347M. It is classified as a small-cap stock.
MATRIX SERVICE CO (MTRX) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 0.36%.
MATRIX SERVICE CO (MTRX) operates in the Construction - Special Trade Contractors industry, within the Industrials sector.
MATRIX SERVICE CO (MTRX) reported annual revenue of $769 million in its most recent fiscal year, based on SEC EDGAR filings.
MATRIX SERVICE CO (MTRX) has a net profit margin of -3.8%. The company is currently unprofitable.
MATRIX SERVICE CO (MTRX) generated $110 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
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. We operate in all 50 states, in four Canadian provinces and in other international locations. Our principal executive offices are located at 15 E. 5th Street, Suite 1100, Tulsa, Oklahoma 74103. Our telephone number is (918) 838-8822. 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.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 845M | 769M | 728M | 795M | 708M | 673M |
| Net Income | -15M | -29M | -25M | -52M | -64M | -31M |
| EPS | $-0.54 | $-1.06 | $-0.91 | $-1.94 | $-2.39 | $-1.18 |
| Free Cash Flow | 50M | 110M | 66M | 1.2M | -58M | -7.3M |
| ROIC | -2.8% | -19.2% | -14.5% | -25.6% | -24.9% | -10.5% |
| Gross Margin | 6.2% | 5.2% | 5.6% | 3.9% | -0.2% | 4.9% |
| Debt/Equity | 0.49 | 3.21 | 0.00 | 0.06 | 0.07 | 0.00 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -22M | -35M | -30M | -53M | -88M | -44M |
| Operating Margin | -2.6% | -4.6% | -4.1% | -6.7% | -12.4% | -6.5% |
| ROE | -10.8% | -19.2% | -14.5% | -25.6% | -24.9% | -10.5% |
| Shares Outstanding | 28M | 28M | 27M | 27M | 27M | 26M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 1.3B | 1.3B | 1.3B | 1.2B | 1.1B | 1.4B | 1.1B | 673M | 708M | 795M | 728M | 769M | 845M |
| Gross Margin | 10.8% | 6.5% | 9.6% | 6.8% | 8.4% | 9.3% | 9.3% | 4.9% | -0.2% | 3.9% | 5.6% | 5.2% | 6.2% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 78M | 79M | 85M | 76M | 84M | 94M | 86M | 70M | 68M | 68M | 70M | 71M | 64M |
| EBIT | 59M | 8.8M | 41M | 4.9M | -10M | 38M | -37M | -44M | -88M | -53M | -30M | -35M | -22M |
| Op. Margin | 4.6% | 0.7% | 3.1% | 0.4% | -1.0% | 2.7% | -3.3% | -6.5% | -12.4% | -6.7% | -4.1% | -4.6% | -2.6% |
| Net Income | 36M | 17M | 29M | -183K | -11M | 28M | -33M | -31M | -64M | -52M | -25M | -29M | -15M |
| Net Margin | 2.8% | 1.3% | 2.2% | -0.0% | -1.1% | 2.0% | -3.0% | -4.6% | -9.0% | -6.6% | -3.4% | -3.8% | -1.8% |
| Non-Recurring | -109K | 252K | 39K | 0 | 17M | -427K | 47M | 7.2M | 52M | 40M | 5.4M | 3.6M | 5.9M |
| Returns on Capital | |||||||||||||
| ROIC | 19.5% | 2.4% | 7.3% | 0.7% | -3.6% | 10.6% | -10.0% | -10.5% | -24.9% | -25.6% | -14.5% | -19.2% | -2.8% |
| ROE | 13.8% | 6.0% | 9.5% | -0.1% | -3.6% | 8.3% | -10.0% | -10.5% | -24.9% | -25.6% | -14.5% | -19.2% | -10.8% |
| ROA | 7.3% | 3.0% | 5.1% | -0.0% | -2.0% | 4.7% | -5.7% | -6.3% | -14.1% | -12.4% | -5.9% | -5.6% | -2.4% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 77M | 26M | 34M | -19M | 75M | 41M | 44M | -3.0M | -54M | 10M | 73M | 117M | 56M |
| Free Cash Flow | 53M | 10M | 20M | -31M | 66M | 22M | 26M | -7.3M | -58M | 1.2M | 66M | 110M | 50M |
| Owner Earnings | 53M | -3.5M | 5.8M | -48M | 46M | 11M | 15M | -29M | -77M | -10M | 54M | 99M | 40M |
| CapEx | 24M | 16M | 14M | 12M | 8.7M | 20M | 19M | 4.4M | 3.3M | 9.0M | 7.0M | 7.7M | 6.4M |
| Maint. CapEx | 19M | 23M | 21M | 22M | 20M | 18M | 19M | 18M | 15M | 14M | 11M | 10M | 9.2M |
| Growth CapEx | 5.1M | 0 | 0 | 0 | 0 | 1.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 19M | 23M | 21M | 22M | 20M | 18M | 19M | 18M | 15M | 14M | 11M | 10M | 9.2M |
| CapEx/OCF | 30.6% | 64.5% | 41.5% | N/A | 11.7% | 47.2% | 42.1% | N/A | N/A | 87.9% | 9.6% | 6.5% | 11.3% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 5.0M | 10M | 0 | 0 | 5.2M | 17M | 0 | 0 | 310K | 456K | 1.2M | 1.2M |
| Buyback Yield | N/A | 1.0% | 2.5% | N/A | N/A | 0.9% | 6.9% | N/A | N/A | N/A | N/A | N/A | 0.4% |
| Stock-Based Comp | 5.7M | 6.3M | 6.3M | 7.5M | 8.6M | 12M | 9.9M | 8.2M | 7.9M | 6.8M | 7.7M | 8.9M | 7.6M |
| Debt Repayment | 0 | 0 | 1.9M | 0 | 0 | 11M | 0 | 1.3M | 5.0M | 15M | 20M | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -65M | -70M | 178M | 877K | -64M | -84M | -91M | -84M | -37M | -45M | -116M | N/A | -164M |
| Cash & Equiv. | 77M | 79M | 72M | 44M | 64M | 90M | 100M | 84M | 52M | 55M | 116M | 225M | 233M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 69M |
| Debt/Equity | 0.04 | 0.03 | 0.79 | 0.14 | 0.00 | 0.02 | 0.03 | 0.00 | 0.07 | 0.06 | 0.00 | 3.21 | 0.49 |
| Interest Coverage | 40.8 | 7.1 | 48.0 | 2.2 | -4.0 | 29.3 | -22.9 | -28.1 | -29.8 | -26.1 | -26.6 | -67.7 | -67.7 |
| Equity | 281M | 293M | 317M | 322M | 319M | 352M | 308M | 286M | 228M | 181M | 164M | 143M | 139M |
| Total Assets | 569M | 562M | 565M | 586M | 558M | 633M | 517M | 468M | 441M | 401M | 451M | 600M | 617M |
| Total Liabilities | 287M | 277M | 249M | 264M | 239M | 281M | 209M | 182M | 213M | 219M | 287M | 458M | 477M |
| Intangibles | 29M | 24M | 21M | 26M | 23M | 19M | 8.8M | 6.6M | 4.8M | 3.1M | 1.7M | 555K | 12K |
| Retained Earnings | 177M | 194M | 223M | 223M | 211M | 239M | 206M | 175M | 111M | 59M | 34M | 4.5M | 757K |
| Working Capital | 106M | 106M | 129M | 140M | 119M | 142M | 159M | 138M | 110M | 75M | 36M | -17M | -48M |
| Current Assets | 376M | 373M | 375M | 359M | 357M | 417M | 335M | 291M | 287M | 262M | 302M | 420M | 412M |
| Current Liabilities | 270M | 267M | 246M | 219M | 238M | 275M | 176M | 153M | 178M | 188M | 265M | 436M | 460M |
| Per Share Data | |||||||||||||
| EPS | 1.33 | 0.63 | 1.07 | -0.01 | -0.43 | 1.01 | -1.24 | -1.18 | -2.39 | -1.94 | -0.91 | -1.06 | -0.54 |
| Owner EPS | 1.96 | -0.13 | 0.22 | -2.61 | 1.71 | 0.41 | 0.57 | -1.10 | -2.89 | -0.38 | 1.96 | 3.55 | 1.41 |
| Book Value | 10.42 | 10.77 | 11.74 | 17.59 | 11.94 | 12.70 | 11.54 | 10.79 | 8.52 | 6.72 | 5.98 | 5.13 | 4.96 |
| Cash Flow/Share | 2.86 | 0.96 | 1.25 | -1.02 | 2.80 | 1.49 | 1.65 | -0.11 | -2.03 | 0.38 | 2.64 | 4.23 | -0.21 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 26.9M | 27.2M | 27.0M | 18.3M | 26.7M | 27.7M | 26.7M | 26.5M | 26.7M | 27.0M | 27.4M | 27.8M | 28.1M |
| Valuation | |||||||||||||
| P/E Ratio | 25.0 | 30.4 | 14.5 | N/A | N/A | 20.1 | N/A | N/A | N/A | N/A | N/A | N/A | -22.8 |
| P/FCF | 16.8 | 49.8 | 21.3 | N/A | 7.6 | 25.7 | 9.7 | N/A | N/A | 121.9 | 4.2 | 3.5 | 6.9 |
| EV/EBIT | N/A | 50.2 | 8.5 | 25.3 | N/A | 12.4 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 3.2 | 1.8 | 1.3 | 0.5 | 1.6 | 1.6 | 0.8 | 1.0 | 0.7 | 0.8 | 1.7 | 2.7 | 2.5 |
| Price/Sales | 0.5 | 0.5 | 0.4 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.3 | 0.2 | 0.4 | 0.4 | 0.4 |
| FCF Yield | 6.0% | 2.0% | 4.7% | -18.4% | 13.2% | 3.9% | 10.3% | -2.6% | -38.8% | 0.8% | 24.1% | 28.4% | 14.4% |
| Market Cap | 894M | 522M | 419M | 167M | 499M | 561M | 247M | 278M | 148M | 151M | 273M | 386M | 347M |
| Avg. Price | 25.11 | 22.29 | 19.43 | 16.90 | 15.13 | 20.42 | 16.00 | 10.87 | 8.56 | 5.66 | 10.23 | 11.87 | 12.34 |
| Year-End Price | 33.22 | 19.15 | 15.55 | 9.10 | 18.70 | 20.26 | 9.26 | 10.52 | 5.54 | 5.59 | 9.93 | 13.90 | 12.34 |
MATRIX SERVICE CO passes 1 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 7.6x vs a median of 8.6x. The company's 5-year average gross margin is 3.9%. Total shareholder yield (buybacks) is 0.4%. At current prices, the estimated annualized return to fair value is +16.2%.
MATRIX SERVICE CO (MTRX) has a debt-to-equity ratio of 3.21. This indicates higher leverage, which may increase financial risk.
MATRIX SERVICE CO (MTRX) reported earnings per share (EPS) of $-1.06 in its most recent fiscal year.
MATRIX SERVICE CO (MTRX) has a return on equity (ROE) of -19.2%. A negative ROE may indicate losses or negative equity.
MATRIX SERVICE CO (MTRX) has a 5-year average gross margin of 3.9%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 15 years of financial data for MATRIX SERVICE CO (MTRX), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
MATRIX SERVICE CO (MTRX) has a book value per share of $5.13, based on its most recent annual SEC filing.
No recent press releases.