This page shows Matador Res Co (MTDR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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).
Free cash flow now depends more on moderating reinvestment than on higher earnings, in a more capital-heavy operating model.
The shift in free cash flow from-$1.66B to$270M was mainly a capital-spending reset, not a sudden earnings surge. Capital expenditures dropped to$2.16B from$3.91B , which means the business generated enough operating cash to cover reinvestment again rather than merely reporting profit on paper.
Even with higher revenue, operating margin fell to
Holding just
Financial Health Signals
Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Matador Res Co's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Matador Res Co scores 1.67, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Matador Res Co passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Matador Res Co generates $3.19 in operating cash flow ($2.4B OCF vs $759.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Matador Res Co earns $5.9 in operating income for every $1 of interest expense ($1.2B vs $208.5M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Matador Res Co generated $3.7B in revenue in fiscal year 2025. This represents an increase of 5.5% from the prior year.
Matador Res Co's EBITDA was $2.4B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 0.5% from the prior year.
Matador Res Co reported $759.2M in net income in fiscal year 2025. This represents a decrease of 14.2% from the prior year.
Matador Res Co earned $6.09 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 14.7% from the prior year.
Cash & Balance Sheet
Matador Res Co generated $269.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 116.2% from the prior year.
Matador Res Co held $15.3M in cash against $3.4B in long-term debt as of fiscal year 2025.
Matador Res Co paid $1.31 per share in dividends in fiscal year 2025. This represents an increase of 54.4% from the prior year.
Matador Res Co had 124M shares outstanding in fiscal year 2025. This represents a decrease of 0.6% from the prior year.
Margins & Returns
Matador Res Co's operating margin was 33.2% in fiscal year 2025, reflecting core business profitability. This is down 7.8 percentage points from the prior year.
Matador Res Co's net profit margin was 20.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 4.7 percentage points from the prior year.
Matador Res Co's ROE was 13.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 4.0 percentage points from the prior year.
Capital Allocation
Matador Res Co spent $55.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Matador Res Co invested $2.2B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 44.8% from the prior year.
MTDR Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $941.6M+11.0% | $848.0M-9.7% | $939.0M+4.9% | $895.3M-11.7% | $1.0B+4.5% | $970.4M+7.8% | $899.8M+6.2% | $847.1M |
| Cost of Revenue | $55.2M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | $616.4M | 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 | $39.0M+13.6% | $34.4M-6.6% | $36.8M+14.3% | $32.2M-4.6% | $33.7M-17.9% | $41.1M+42.8% | $28.8M+3.1% | $27.9M |
| Operating Income | $46.8M-80.7% | $242.7M-20.7% | $306.0M+6.0% | $288.7M-25.8% | $389.2M+8.1% | $360.1M-8.2% | $392.1M+7.8% | $363.6M |
| Interest Expense | $51.5M-6.4% | $55.0M+8.7% | $50.6M-5.1% | $53.3M+7.8% | $49.5M-17.5% | $60.0M+65.8% | $36.2M+0.5% | $36.0M |
| Income Tax | -$684K+97.4% | -$25.8M-143.7% | $59.1M+4.7% | $56.5M-31.9% | $82.9M+33.1% | $62.3M-27.0% | $85.3M+9.4% | $78.0M |
| Net Income | -$35.9M-118.6% | $192.5M+9.2% | $176.4M+17.4% | $150.2M-37.4% | $240.1M+11.9% | $214.5M-13.6% | $248.3M+8.5% | $228.8M |
| EPS (Diluted) | $-0.29 | N/A | $1.42+17.4% | $1.21-37.0% | $1.92 | N/A | $1.99+8.7% | $1.83 |
MTDR Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $12.2B+4.0% | $11.7B+0.5% | $11.6B+3.3% | $11.3B+1.8% | $11.1B+2.1% | $10.9B+2.1% | $10.6B+24.7% | $8.5B |
| Current Assets | $1.1B+32.8% | $816.6M-10.9% | $916.8M+0.1% | $915.9M+2.8% | $891.1M-3.9% | $927.3M+9.5% | $847.2M+14.7% | $738.4M |
| Cash & Equivalents | $30.5M+98.8% | $15.3M-24.0% | $20.1M+91.5% | $10.5M-27.6% | $14.5M-37.0% | $23.0M-1.0% | $23.3M+52.7% | $15.2M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $412.1M+44.0% | $286.2M-5.2% | $301.8M-10.2% | $336.1M+8.1% | $310.9M-6.2% | $331.6M+11.4% | $297.8M+1.3% | $294.0M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $6.6B+8.9% | $6.1B-1.4% | $6.1B+3.8% | $5.9B+2.1% | $5.8B+0.6% | $5.8B+0.1% | $5.8B+48.0% | $3.9B |
| Current Liabilities | $1.5B+43.4% | $1.0B-18.0% | $1.3B+17.3% | $1.1B-5.1% | $1.1B+13.5% | $995.4M+3.0% | $966.0M+12.8% | $856.5M |
| Long-Term Debt | $3.5B+2.0% | $3.4B+5.7% | $3.2B-2.0% | $3.3B+3.4% | $3.2B-4.5% | $3.3B | N/A | N/A |
| Total Equity | $5.6B-1.3% | $5.7B+2.8% | $5.5B+2.6% | $5.4B+1.5% | $5.3B+3.9% | $5.1B+4.5% | $4.9B+5.2% | $4.6B |
| Retained Earnings | $3.1B-2.6% | $3.2B+4.9% | $3.0B+4.8% | $2.9B+4.0% | $2.8B+7.9% | $2.6B+7.7% | $2.4B+10.4% | $2.2B |
MTDR Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $470.5M-0.8% | $474.4M-34.3% | $721.7M+44.0% | $501.0M-31.2% | $727.9M+26.6% | $575.0M-5.8% | $610.4M+3.0% | $592.9M |
| Capital Expenditures | $496.9M+6.5% | $466.4M-27.5% | $643.4M+30.9% | $491.4M-11.3% | $554.3M+4.6% | $529.8M-76.1% | $2.2B+322.6% | $523.9M |
| Free Cash Flow | -$26.4M-426.9% | $8.1M-89.7% | $78.3M+714.6% | $9.6M-94.5% | $173.6M+284.2% | $45.2M+102.8% | -$1.6B-2424.6% | $69.0M |
| Investing Cash Flow | -$457.9M+22.1% | -$588.0M-4.5% | -$563.0M-13.7% | -$495.0M+3.3% | -$511.7M-30.7% | -$391.4M+81.9% | -$2.2B-274.6% | -$576.8M |
| Financing Cash Flow | $387K-99.6% | $96.7M+164.8% | -$149.1M-4680.6% | $3.3M+101.4% | -$233.4M-40.8% | -$165.8M-110.6% | $1.6B+5995.1% | -$26.5M |
| Dividends Paid | $46.8M+1.2% | $46.3M+19.7% | $38.7M-0.8% | $39.0M-0.5% | $39.2M+25.3% | $31.3M+25.9% | $24.9M-0.2% | $24.9M |
| Share Buybacks | $707K-86.3% | $5.1M-20.4% | $6.5M-85.4% | $44.2M | $0 | $0 | $0 | N/A |
MTDR Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 91.8% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 5.0%-23.7pp | 28.6%-4.0pp | 32.6%+0.4pp | 32.2%-6.1pp | 38.4%+1.3pp | 37.1%-6.5pp | 43.6%+0.6pp | 42.9% |
| Net Margin | -3.8%-26.5pp | 22.7%+3.9pp | 18.8%+2.0pp | 16.8%-6.9pp | 23.7%+1.6pp | 22.1%-5.5pp | 27.6%+0.6pp | 27.0% |
| Return on Equity | -0.6%-4.0pp | 3.4%+0.2pp | 3.2%+0.4pp | 2.8%-1.7pp | 4.5%+0.3pp | 4.2%-0.9pp | 5.1%+0.2pp | 4.9% |
| Return on Assets | -0.3%-1.9pp | 1.6%+0.1pp | 1.5%+0.2pp | 1.3%-0.8pp | 2.2%+0.2pp | 2.0%-0.4pp | 2.3%-0.3pp | 2.7% |
| Current Ratio | 0.73-0.1 | 0.79+0.1 | 0.73-0.1 | 0.85+0.1 | 0.79-0.1 | 0.93+0.1 | 0.88+0.0 | 0.86 |
| Debt-to-Equity | 0.62+0.0 | 0.60+0.0 | 0.58-0.0 | 0.61+0.0 | 0.60-0.1 | 0.65-0.5 | 1.18+0.3 | 0.84 |
| FCF Margin | -2.8%-3.8pp | 0.9%-7.4pp | 8.3%+7.3pp | 1.1%-16.1pp | 17.1%+12.5pp | 4.7%+182.9pp | -178.3%-186.4pp | 8.1% |
Note: The current ratio is below 1.0 (0.79), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Frequently Asked Questions
What is Matador Res Co's annual revenue?
Matador Res Co (MTDR) reported $3.7B in total revenue for fiscal year 2025. This represents a 5.5% 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 5.5% year-over-year, from $3.5B to $3.7B in fiscal year 2025.
Is Matador Res Co profitable?
Yes, Matador Res Co (MTDR) reported a net income of $759.2M in fiscal year 2025, with a net profit margin of 20.5%.
What is Matador Res Co's EBITDA?
Matador Res Co (MTDR) had EBITDA of $2.4B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Matador Res Co have?
As of fiscal year 2025, Matador Res Co (MTDR) had $15.3M in cash and equivalents against $3.4B in long-term debt.
What is Matador Res Co's operating margin?
Matador Res Co (MTDR) had an operating margin of 33.2% in fiscal year 2025, 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 20.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Matador Res Co pay dividends?
Yes, Matador Res Co (MTDR) paid $1.31 per share in dividends during fiscal year 2025.
What is Matador Res Co's return on equity (ROE)?
Matador Res Co (MTDR) has a return on equity of 13.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Matador Res Co's free cash flow?
Matador Res Co (MTDR) generated $269.6M in free cash flow during fiscal year 2025. This represents a 116.2% 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 $2.4B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Matador Res Co's total assets?
Matador Res Co (MTDR) had $11.7B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Matador Res Co's capital expenditures?
Matador Res Co (MTDR) invested $2.2B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Matador Res Co's current ratio?
Matador Res Co (MTDR) had a current ratio of 0.79 as of fiscal year 2025, 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 0.60 as of fiscal year 2025, 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 6.5% for fiscal year 2025, 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 1.67, 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 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 3.19x, 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 5.9x, 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 52 out of 100 on our Financial Health Score, indicating moderate standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.