Matador Res Co Financials
This page shows Matador Res Co (MTDR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Matador Res Co has an operating margin of 40.9%, meaning the company retains $41 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 43.1% the prior year.
Matador Res Co's revenue surged 24.9% year-over-year to $3.5B, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Matador Res Co carries a low D/E ratio of 0.65, meaning only $0.65 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 87/100, indicating a strong balance sheet with room for future borrowing.
Matador Res Co's current ratio of 0.93 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 17/100, which could limit financial flexibility.
While Matador Res Co generated $2.2B in operating cash flow, capex of $3.9B consumed most of it, leaving -$1.7B in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Matador Res Co earns a strong 17.4% return on equity (ROE), meaning it generates $17 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 70/100. This is down from 21.6% the prior year.
Matador Res Co scores 1.76, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Matador Res Co passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Matador Res Co generates $2.54 in operating cash flow ($2.2B OCF vs $885.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Matador Res Co earns $8.4 in operating income for every $1 of interest expense ($1.4B vs $171.7M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Matador Res Co generated $3.5B in revenue in fiscal year 2024. This represents an increase of 24.9% from the prior year.
Matador Res Co's EBITDA was $2.4B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 25.1% from the prior year.
Matador Res Co generated -$1.7B in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 22.0% from the prior year.
Matador Res Co reported $885.3M in net income in fiscal year 2024. This represents an increase of 4.6% from the prior year.
Matador Res Co earned $7.14 per diluted share (EPS) in fiscal year 2024. This represents an increase of 1.3% from the prior year.
Matador Res Co held $23.0M in cash against $3.3B in long-term debt as of fiscal year 2024.
Matador Res Co paid $0.85 per share in dividends in fiscal year 2024. This represents an increase of 30.8% from the prior year.
Matador Res Co had 125M shares outstanding in fiscal year 2024. This represents an increase of 4.7% from the prior year.
Matador Res Co's operating margin was 40.9% in fiscal year 2024, reflecting core business profitability. This is down 2.2 percentage points from the prior year.
Matador Res Co's net profit margin was 25.3% in fiscal year 2024, showing the share of revenue converted to profit. This is down 4.9 percentage points from the prior year.
Matador Res Co's ROE was 17.4% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 4.2 percentage points from the prior year.
Matador Res Co invested $3.9B in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 21.0% from the prior year.
MTDR Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $939.0M+4.9% | $895.3M-11.7% | $1.0B+4.5% | $970.4M+7.8% | $899.8M+6.2% | $847.1M+7.5% | $787.7M-5.8% | $836.1M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $36.8M+14.3% | $32.2M-4.6% | $33.7M-17.9% | $41.1M+42.8% | $28.8M+3.1% | $27.9M-5.9% | $29.7M+0.5% | $29.5M |
| Operating Income | $306.0M+6.0% | $288.7M-25.8% | $389.2M+8.1% | $360.1M-8.2% | $392.1M+7.8% | $363.6M+14.0% | $319.0M-12.8% | $365.6M |
| Interest Expense | $50.6M-5.1% | $53.3M+7.8% | $49.5M-17.5% | $60.0M+65.8% | $36.2M+0.5% | $36.0M-9.0% | $39.6M+10.8% | $35.7M |
| Income Tax | $59.1M+4.7% | $56.5M-31.9% | $82.9M+33.1% | $62.3M-27.0% | $85.3M+9.4% | $78.0M+16.8% | $66.8M+16.2% | $57.5M |
| Net Income | $176.4M+17.4% | $150.2M-37.4% | $240.1M+11.9% | $214.5M-13.6% | $248.3M+8.5% | $228.8M+18.1% | $193.7M-23.9% | $254.5M |
| EPS (Diluted) | $1.42+17.4% | $1.21-37.0% | $1.92+12.3% | $1.71-14.1% | $1.99+8.7% | $1.83+13.7% | $1.61-24.1% | $2.12 |
MTDR Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $11.6B+3.3% | $11.3B+1.8% | $11.1B+2.1% | $10.9B+2.1% | $10.6B+24.7% | $8.5B+3.5% | $8.2B+6.5% | $7.7B |
| Current Assets | $916.8M+0.1% | $915.9M+2.8% | $891.1M-3.9% | $927.3M+9.5% | $847.2M+14.7% | $738.4M-2.1% | $754.1M+5.3% | $715.9M |
| Cash & Equivalents | $20.1M+91.5% | $10.5M-27.6% | $14.5M-37.0% | $23.0M-1.0% | $23.3M+52.7% | $15.2M-34.3% | $23.2M-55.9% | $52.7M |
| Inventory | N/A | N/A | N/A | $0 | N/A | N/A | N/A | N/A |
| Accounts Receivable | $301.8M-10.2% | $336.1M+8.1% | $310.9M-6.2% | $331.6M+11.4% | $297.8M+1.3% | $294.0M+5.7% | $278.2M+1.4% | $274.2M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $6.1B+3.8% | $5.9B+2.1% | $5.8B+0.6% | $5.8B+0.1% | $5.8B+48.0% | $3.9B+2.0% | $3.8B-0.2% | $3.8B |
| Current Liabilities | $1.3B+17.3% | $1.1B-5.1% | $1.1B+13.5% | $995.4M+3.0% | $966.0M+12.8% | $856.5M+0.6% | $851.3M+24.2% | $685.3M |
| Long-Term Debt | $3.2B-2.0% | $3.3B+3.4% | $3.2B-4.5% | $3.3B | N/A | N/A | N/A | $2.2B |
| Total Equity | $5.5B+2.6% | $5.4B+1.5% | $5.3B+3.9% | $5.1B+4.5% | $4.9B+5.2% | $4.6B+4.8% | $4.4B+13.0% | $3.9B |
| Retained Earnings | $3.0B+4.8% | $2.9B+4.0% | $2.8B+7.9% | $2.6B+7.7% | $2.4B+10.4% | $2.2B+10.5% | $1.9B+9.6% | $1.8B |
MTDR Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $721.7M+44.0% | $501.0M-31.2% | $727.9M+26.6% | $575.0M-5.8% | $610.4M+3.0% | $592.9M+26.5% | $468.6M-24.2% | $618.3M |
| Capital Expenditures | $643.4M+30.9% | $491.4M-11.3% | $554.3M+4.6% | $529.8M-76.1% | $2.2B+322.6% | $523.9M-18.0% | $638.6M+4.9% | $608.5M |
| Free Cash Flow | $78.3M+714.6% | $9.6M-94.5% | $173.6M+284.2% | $45.2M+102.8% | -$1.6B-2424.6% | $69.0M+140.6% | -$170.0M-1824.1% | $9.9M |
| Investing Cash Flow | -$563.0M-13.7% | -$495.0M+3.3% | -$511.7M-30.7% | -$391.4M+81.9% | -$2.2B-274.6% | -$576.8M-6.2% | -$543.3M+1.0% | -$548.9M |
| Financing Cash Flow | -$149.1M-4680.6% | $3.3M+101.4% | -$233.4M-40.8% | -$165.8M-110.6% | $1.6B+5995.1% | -$26.5M-162.0% | $42.8M+268.7% | -$25.4M |
| Dividends Paid | $38.7M-0.8% | $39.0M-0.5% | $39.2M+25.3% | $31.3M+25.9% | $24.9M-0.2% | $24.9M+4.3% | $23.9M+0.6% | $23.7M |
| Share Buybacks | $6.5M | N/A | N/A | N/A | $0 | N/A | N/A | N/A |
MTDR Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 32.6%+0.4pp | 32.2%-6.1pp | 38.4%+1.3pp | 37.1%-6.5pp | 43.6%+0.6pp | 42.9%+2.4pp | 40.5%-3.2pp | 43.7% |
| Net Margin | 18.8%+2.0pp | 16.8%-6.9pp | 23.7%+1.6pp | 22.1%-5.5pp | 27.6%+0.6pp | 27.0%+2.4pp | 24.6%-5.8pp | 30.4% |
| Return on Equity | 3.2%+0.4pp | 2.8%-1.7pp | 4.5%+0.3pp | 4.2%-0.9pp | 5.1%+0.2pp | 4.9%+0.6pp | 4.4%-2.1pp | 6.5% |
| Return on Assets | 1.5%+0.2pp | 1.3%-0.8pp | 2.2%+0.2pp | 2.0%-0.4pp | 2.3%-0.3pp | 2.7%+0.3pp | 2.4%-0.9pp | 3.3% |
| Current Ratio | 0.73-0.1 | 0.85+0.1 | 0.79-0.1 | 0.93+0.1 | 0.88+0.0 | 0.86-0.0 | 0.89-0.2 | 1.04 |
| Debt-to-Equity | 0.58-0.0 | 0.61+0.0 | 0.60-0.1 | 0.65-0.5 | 1.18+0.3 | 0.84-0.0 | 0.86+0.3 | 0.56 |
| FCF Margin | 8.3%+7.3pp | 1.1%-16.1pp | 17.1%+12.5pp | 4.7%+182.9pp | -178.3%-186.4pp | 8.1%+29.7pp | -21.6%-22.8pp | 1.2% |
Note: The current ratio is below 1.0 (0.93), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Matador Res Co's annual revenue?
Matador Res Co (MTDR) reported $3.5B in total revenue for fiscal year 2024. This represents a 24.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Matador Res Co's revenue growing?
Matador Res Co (MTDR) revenue grew by 24.9% year-over-year, from $2.8B to $3.5B in fiscal year 2024.
Is Matador Res Co profitable?
Yes, Matador Res Co (MTDR) reported a net income of $885.3M in fiscal year 2024, with a net profit margin of 25.3%.
What is Matador Res Co's earnings per share (EPS)?
Matador Res Co (MTDR) reported diluted earnings per share of $7.14 for fiscal year 2024. This represents a 1.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Matador Res Co's EBITDA?
Matador Res Co (MTDR) had EBITDA of $2.4B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Matador Res Co have?
As of fiscal year 2024, Matador Res Co (MTDR) had $23.0M in cash and equivalents against $3.3B in long-term debt.
What is Matador Res Co's operating margin?
Matador Res Co (MTDR) had an operating margin of 40.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Matador Res Co's net profit margin?
Matador Res Co (MTDR) had a net profit margin of 25.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Matador Res Co pay dividends?
Yes, Matador Res Co (MTDR) paid $0.85 per share in dividends during fiscal year 2024.
What is Matador Res Co's return on equity (ROE)?
Matador Res Co (MTDR) has a return on equity of 17.4% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Matador Res Co's free cash flow?
Matador Res Co (MTDR) generated -$1.7B in free cash flow during fiscal year 2024. This represents a -22.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Matador Res Co's operating cash flow?
Matador Res Co (MTDR) generated $2.2B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Matador Res Co's total assets?
Matador Res Co (MTDR) had $10.9B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Matador Res Co's capital expenditures?
Matador Res Co (MTDR) invested $3.9B in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does Matador Res Co have outstanding?
Matador Res Co (MTDR) had 125M shares outstanding as of fiscal year 2024.
What is Matador Res Co's current ratio?
Matador Res Co (MTDR) had a current ratio of 0.93 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Matador Res Co's debt-to-equity ratio?
Matador Res Co (MTDR) had a debt-to-equity ratio of 0.65 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Matador Res Co's return on assets (ROA)?
Matador Res Co (MTDR) had a return on assets of 8.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Matador Res Co's Altman Z-Score?
Matador Res Co (MTDR) has an Altman Z-Score of 1.76, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Matador Res Co's Piotroski F-Score?
Matador Res Co (MTDR) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Matador Res Co's earnings high quality?
Matador Res Co (MTDR) has an earnings quality ratio of 2.54x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Matador Res Co cover its interest payments?
Matador Res Co (MTDR) has an interest coverage ratio of 8.4x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Matador Res Co?
Matador Res Co (MTDR) scores 62 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.