Matrix Service CoMatrix Service Co
Matrix Service Co

Matrix Service Co

MTRX
Industrials·Construction & Engineering

Matrix Service Co. engages in the provision of engineering, fabrication, construction, and maintenance services to support critical energy infrastructure and industrial markets. It operates through the following segments: Storage and Terminal Solutions, Utility and Power Infrastructure, and Process and Industrial Facilities. The Storage and Terminal Solutions segment is related to cryogenic and other specialty tanks and terminals for LNG, NGLs, hydrogen, ammonia, propane, butane, liquid nitrogen/liquid oxygen, and liquid petroleum. The Utility and Power Infrastructure segment refers to LNG utility peak shaving facilities. The Process and Industrial Facilities segment is focused on plant maintenance, repair, and turnarounds in the downstream and midstream markets for energy clients including refining and processing of crude oil, fractionating, and marketing of natural gas and natural gas liquids. The company was founded by Bill Lee, Doyl D. West, Harold Morgan, and Martin Lee Rinehart on April 4, 1984, and is headquartered in Tulsa, OK.

Oklahoma; U.S.A
Market cap
No dataNo data
Revenue
$873.6M+13.6% YoY
Net income
$-2.6M+91.2% YoY
Free cash flow
$1.4M−98.7% YoY

Market

Listed stock
MTRXPriceNasdaq
Loading…Loading…1Y

Financial performance

Revenue
$873.6M+13.6% YoY
Operating income
$-9.6M+72.6% YoY
Net income
$-2.6M+91.2% YoY
Free cash flow
$1.4M−98.7% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2022 $707.8M, 2023 $795M, 2024 $728.2M, 2025 $769.3M, 2026 $873.6M. Operating income: 2022 $-87.9M, 2023 $-52.9M, 2024 $-30.1M, 2025 $-35.1M, 2026 $-9.6M. Net income: 2022 $-63.9M, 2023 $-52.4M, 2024 $-25M, 2025 $-29.5M, 2026 $-2.6M. Free cash flow: 2022 $-57.5M, 2023 $1.2M, 2024 $65.6M, 2025 $109.8M, 2026 $1.4M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
13.6%+792 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2022-06-30 $-87.9M, 2023-06-30 $-52.9M, 2024-06-30 $-30.1M, 2025-06-30 $-35.1M, 2026-06-30 $-9.6M. Net income: 2022-06-30 $-63.9M, 2023-06-30 $-52.4M, 2024-06-30 $-25M, 2025-06-30 $-29.5M, 2026-06-30 $-2.6M. Free cash flow: 2022-06-30 $-57.5M, 2023-06-30 $1.2M, 2024-06-30 $65.6M, 2025-06-30 $109.8M, 2026-06-30 $1.4M

Growth heatmap

2023202420252026CAGR
Revenue
+12.3%
-8.4%
+5.6%
+13.6%
+5.4%
Gross profit
+2655.6%
+31.3%
-2.0%
+61.2%
No data
Operating income
+39.8%
+43.1%
-16.5%
+72.6%
No data
Free cash flow
+102.2%
+5197.0%
+67.4%
-98.7%
No data

Earnings quality

Operating cash flow
$6.9M−94.1% YoY
Net income
$-2.6M+91.2% YoY
Free cash flow
$1.4M−98.7% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2026-06-30 -268%, 2025-06-30 -399%, 2024-06-30 -291%, 2023-06-30 -20%, 2022-06-30 85%. Free cash flow: 2026-06-30 -55%, 2025-06-30 -373%, 2024-06-30 -263%, 2023-06-30 -2%, 2022-06-30 90%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
No data
Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
No dataNo data
Total debt
No dataNo data
Net debt
No dataNo data
Current ratio
No dataNo data

Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
No dataNo data
Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
No data
No data
No data
Price to sales
No data
No data
No data
No data
EV / EBITDA
No data
No data
No data
No data
Free cash flow yield
No data
No data
No data
No data