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Matrix Service Company

MTRX Industrials Engineering & Construction

Matrix Service Company’s revenue for fiscal 2026 (year ended June 2026) was $873.6 million, up 13.6% from fiscal 2025. In the quarter to June 2026, revenue grew 13.0%, EPS grew 110.0% and free cash flow fell 125.3%, each against the same quarter a year earlier.

10.02 0.12 −1.18%
Market cap
$286.9M
P/E
0.0×
Fwd P/E
19.5×
Dividend yield
—
F-score
6/9
Altman Z
1.89
Beneish M
−2.60
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 2.54
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell 3 — — 1 — — 2 3 — — — —
Insider Ownership 4.75%

Capital & Financial Ratios $m

Market Cap 286.88
Revenue 873.63
Net Income (2.58)
Free Cash Flow 3.37
Net Debt (222.97)
Current Ratio 0.98 (below 1: weak)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 0.00
Fwd P/E 19.50
P/S ratio 0.32
P/B ratio 2.00
Past 5Y EPS Growth —
This Y EPS Growth 761.11% (at or above 15%: strong)
Next Y EPS Growth 16.81% (at or above 15%: strong)
Next Y revenue growth (65.36%) (below 0%: weak)
Next 5Y EPS Growth 18.00% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.1×, against a ten-year median of 0.3×; over the ten years it ranged from 0.1× in 2026 to 0.6× in 2018.
P/S against its own 10 years 30.41%
10-year low 10-year high
P/B against its own 10 years 80.91%
10-year low 10-year high
EV/Sales against its own 10 years 0.59%
10-year low 10-year high
EV/FCF against its own 10 years 78.27%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2018 Powerpack
2017 Powerpack
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 2026
Cash 55 116 225 223
Receivables 146 139 155 172
Inventory 7 9 6 6
Other 48 34 30 30
262 302 420 436
2023 2024 2025 2026
Payables 76 66 80 109
ST’ Debt — — — —
Other 85 171 324 300
188 265 436 442

Compound Annual Growth %

10y 5y 3y
Sales (3.98%) 5.34% 3.19%
Cash Flow (14.63%) 0.00% (12.32%)
Earnings 0.00% 0.00% 0.00%
Book Value (7.68%) (13.06%) (7.88%)

Revenue $m

Sep Dec Mar Jun Year
’26 — — — — —
’26 212 211 207 245 874
’25 166 187 200 216 769
’24 198 175 166 189 728
’23 208 194 187 206 795
’22 168 162 177 201 708
’21 183 167 148 175 673
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Sep Dec Mar Jun Year
’26 — — — — —
’26 (26) 7 34 (9) 7
’25 12 34 31 41 117
’24 (29) 30 25 47 73
’23 (35) 18 20 8 10
’22 (19) 31 (34) (32) (54)
’21 (15) 21 (19) 10 (3)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Sep Dec Mar Jun Year
’26 — — — — —
’26 (28) 7 34 (10) 3
’25 10 33 29 38 110
’24 (27) 29 23 46 72
’23 (37) 16 17 11 8
’22 (19) 30 (34) 4 (19)
’21 (17) 21 (20) 10 (5)
Fiscal quarters ending in the months shown.

EPS $

Sep Dec Mar Jun Year
’26 — — — — —
’26 (0.13) (0.03) 0.03 0.04 (0.09)
’25 (0.33) (0.20) (0.12) (0.40) (1.06)
’24 (0.12) (0.10) (0.53) (0.16) (0.91)
’23 (0.24) (1.22) (0.47) (0.01) (1.94)
’22 (0.66) (0.93) (1.30) 0.50 (2.39)
’21 (0.12) (0.17) (0.49) (0.40) (1.18)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to June

Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 2027e 2028e 2029e
Price, $
Price, $ Low 7.80 13.00 16.15 7.11 6.18 3.31 4.58 8.61 9.33 9.38

Analyst estimates 2027–2029

Powerpack
High 23.45 25.75 24.36 23.08 16.32 9.14 12.99 13.90 16.11 14.64
People
People Employees 4,001 4,650 5,000 2,900 2,717 2,810 2,545 2,064 2,239 2,370
Revenue/emp, $m 0.30 0.23 0.28 0.38 0.25 0.25 0.31 0.35 0.34 0.37
Income, $m
Income, $m Revenue 1,198 1,092 1,417 1,101 673 708 795 728 769 874
Gross margin, % 6.76 8.42 9.31 9.28 4.87 (0.17) 3.88 5.56 5.16 7.32
EBT 2 (12) 38 (37) (43) (58) (53) (25) (29) (2)
EBT margin, % 0.20 (1.11) 2.71 (3.33) (6.42) (8.23) (6.64) (3.43) (3.77) (0.25)
Net income 0 (11) 28 (33) (31) (64) (52) (25) (29) (3)
Depreciation 22 38 18 58 18 35 26 11 10 9
Per share, $
Per share, $ Revenue 45.13 40.78 52.68 41.36 25.46 26.48 29.46 26.60 27.70 30.88
Earnings (0.01) (0.43) 1.04 (1.24) (1.18) (2.39) (1.94) (0.91) (1.06) (0.09)
Cash flow (0.71) 2.79 1.54 1.66 (0.11) (2.03) 0.38 2.65 4.23 0.24
Capex (0.40) (0.29) (0.68) (0.64) (0.09) 1.33 (0.09) (0.03) (0.27) (0.13)
Free cash flow (1.11) 2.50 0.86 1.01 (0.20) (0.69) 0.29 2.62 3.96 0.12
Book value 12.13 11.91 13.09 11.57 10.80 8.52 6.72 6.00 5.14 5.01
Shares, m 27 27 27 27 26 27 27 27 28 28
Valuation, ×
Valuation, × P/E 0.00 0.00 19.41 0.00 0.00 0.00 0.00 0.00 0.00 0.00
P/S 0.21 0.46 0.39 0.24 0.41 0.19 0.20 0.36 0.49 0.44
P/B 0.77 1.58 1.56 0.84 0.97 0.59 0.88 1.58 2.63 2.73
EV/Sales 0.21 0.41 0.33 0.15 0.32 0.14 0.14 0.21 0.21 0.20
EV/FCF (8.48) 6.69 20.11 6.23 (41.00) (5.29) 14.82 2.14 1.46 51.89
Cash, $m
Cash, $m Operating cash flow (19) 75 41 44 (3) (54) 10 73 117 7
Capex (11) (8) (18) (17) (2) 36 (3) (1) (7) (4)
Free cash flow (29) 67 23 27 (5) (19) 8 72 110 3
Balance, $m
Balance, $m Working capital 140 119 142 159 138 110 75 36 (17) (7)
Total debt 45 — 5 9 21 15 10 — — —
Net debt 1 (64) (84) (91) (63) (37) (45) (116) (225) (223)
Shareholders’ equity 322 319 352 308 286 228 181 164 143 142
Returns, %
Returns, % ROA (0.03) (2.01) 4.70 (5.75) (6.34) (14.07) (12.45) (5.86) (5.60) (0.43)
ROIC 0.94 (2.57) 8.86 (10.55) (12.29) (28.85) (24.19) (38.75) 0.00 0.00
ROE (0.06) (3.58) 8.34 (10.02) (10.52) (24.90) (25.59) (14.45) (19.20) (1.81)
Negative figures in brackets.

All 10 years →

Fiscal years to Jun 2026 · latest quarter Jun 2026

Charts ten years each

Matrix Service Company vs peers in Engineering & Construction (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CDNL Cardinal Infrastructure Group Inc. $755.8M — — — — −728.05% (below 0%: shrinking) 15.88% 6.82% Compare
BWMN Bowman Consulting Group Ltd. $741.7M 102× 37.7× +19.69% (above 0%: growing) −57.14% (below 0%: shrinking) −457.88% (below 0%: shrinking) 53.20% 5.57% Compare
BBCP CONCRETE PUMPING HOLDINGS, INC. $459.6M 53.4× 61.4× +12.63% (above 0%: growing) +28.57% (above 0%: growing) −28.85% (below 0%: shrinking) 38.74% 12.92% Compare
ORN Orion Group Holdings, Inc. $355.1M 89.8× 41.8× +8.08% (above 0%: growing) n/m −140.87% (below 0%: shrinking) 10.33% (0.59%) Compare
PHOE Phoenix Asia Holdings Limited $351.2M — — — — −1,148.32% (below 0%: shrinking) — — Compare
MTRX Matrix Service Company $286.9M — (loss-making) 19.5× +13.01% (above 0%: growing) n/m −125.30% (below 0%: shrinking) 7.97% (0.36%)
MAGH Magnitude International Ltd $236.6M — — — — — — — Compare
SHIM Shimmick Corporation $104.6M — (loss-making) — (loss-making) −16.97% (below 0%: shrinking) n/m −257.50% (below 0%: shrinking) 11.68% (2.49%) Compare
VATE INNOVATE Corp. $84.7M — (loss-making) — (loss-making) +74.21% (above 0%: growing) n/m −201.16% (below 0%: shrinking) 18.86% 8.18% Compare
Median of peers $353.2M 89.8× 41.8× +12.63% — −257.50% 17.37% 6.20%

All 51 Engineering & Construction stocks →

Matrix Service Company (MTRX) key facts

  • Concern: Matrix Service Company reported a net loss of $2.6 million, or a loss of $0.09 per share, for fiscal 2026.
  • Strength: Matrix Service Company’s revenue for fiscal 2026 (year ended June 2026) was $873.6 million, up 13.6% from fiscal 2025.
  • Matrix Service Company (MTRX) is an Engineering & Construction company in the Industrials sector, listed on Nasdaq.
  • As of October 16, 2026, MTRX traded at $10.02, a market capitalization of $286.9 million.
  • Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 0.3× sales.
  • Return on equity was −1.81% and debt-to-equity 0.00.
  • Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 1.89 (grey zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations.

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stockrow.com/MTRX · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com