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Matador Res Co Financials

MTDR
Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

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).

Rhea AI MTDR FY2025

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 33.2% from 40.9%. Because EBITDA stayed broadly flat, the squeeze is showing up mostly below EBITDA, where a bigger asset and debt base pushes more depreciation and interest through the income statement and slows the translation of scale into reported earnings and asset returns.

Holding just $15.3M of cash against $2.43B of operating cash flow shows the firm does not keep much idle liquidity on the balance sheet. With a current ratio below 1.0x, short-term flexibility appears to rely on steady operating inflows and working-capital timing rather than on a large cash reserve.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 52 / 100
Financial Health Score 52/100
Scored as: Energy peer group

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.

Profitability
88
Growth
77
Leverage
38
Liquidity
21
Cash Flow
9
Returns
78
Altman Z-Score Distress
1.67

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.

Piotroski F-Score Partial
5/8

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.

Earnings Quality Cash-Backed
3.19x

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.

Interest Coverage Safe
5.9x

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

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Earnings & Revenue

Revenue
$3.7B
YoY+5.5%
5Y CAGR+33.8%
10Y CAGR+27.8%

Matador Res Co generated $3.7B in revenue in fiscal year 2025. This represents an increase of 5.5% from the prior year.

EBITDA
$2.4B
YoY+0.5%

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.

Net Income
$759.2M
YoY-14.2%

Matador Res Co reported $759.2M in net income in fiscal year 2025. This represents a decrease of 14.2% from the prior year.

EPS (Diluted)
$6.09
YoY-14.7%

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

Free Cash Flow
$269.6M
YoY+116.2%

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.

Cash & Debt
$15.3M
YoY-33.5%
5Y CAGR-23.4%
10Y CAGR-0.9%

Matador Res Co held $15.3M in cash against $3.4B in long-term debt as of fiscal year 2025.

Dividends Per Share
$1.31
YoY+54.4%

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.

Shares Outstanding
124M
YoY-0.6%
5Y CAGR+1.2%
10Y CAGR+3.8%

Matador Res Co had 124M shares outstanding in fiscal year 2025. This represents a decrease of 0.6% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
33.2%
YoY-7.8pp
5Y CAGR+93.7pp
10Y CAGR+286.8pp

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.

Net Margin
20.5%
YoY-4.7pp
5Y CAGR+89.4pp
10Y CAGR+234.2pp

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.

Return on Equity
13.4%
YoY-4.0pp
5Y CAGR+59.5pp
10Y CAGR+152.7pp

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

R&D Spending
N/A
Share Buybacks
$55.8M

Matador Res Co spent $55.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures
$2.2B
YoY-44.8%
5Y CAGR+24.5%
10Y CAGR+11.9%

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.

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Frequently Asked Questions

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.

Matador Res Co (MTDR) revenue grew by 5.5% year-over-year, from $3.5B to $3.7B in fiscal year 2025.

Yes, Matador Res Co (MTDR) reported a net income of $759.2M in fiscal year 2025, with a net profit margin of 20.5%.

Matador Res Co (MTDR) reported diluted earnings per share of $6.09 for fiscal year 2025. This represents a -14.7% 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.

Matador Res Co (MTDR) had EBITDA of $2.4B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Matador Res Co (MTDR) had $15.3M in cash and equivalents against $3.4B in long-term debt.

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.

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.

Yes, Matador Res Co (MTDR) paid $1.31 per share in dividends during fiscal year 2025.

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.

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.

Matador Res Co (MTDR) generated $2.4B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Matador Res Co (MTDR) had $11.7B in total assets as of fiscal year 2025, including both current and long-term assets.

Matador Res Co (MTDR) invested $2.2B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, Matador Res Co (MTDR) spent $55.8M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Matador Res Co (MTDR) had 124M shares outstanding as of fiscal year 2025.

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.

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.

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.

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.

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.

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.

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.

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.

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