What is Matrix Service Co's earnings per share (EPS)?

Matrix Service Co (MTRX) reported diluted earnings per share of -$0.09 for fiscal year 2026. This represents a 91.5% 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.

Matrix Service Co (MTRX) Financials

MTRX

FY2026 annual

Revenue $873.6M +13.6% YoY

Net Income -$2.6M +91.2% YoY

EPS (Diluted) -$0.09 +91.5% YoY

Free Cash Flow $1.4M -98.7% YoY

Market Cap $290.8M as of Oct 5, 2026

Price / Sales 0.3x on $873.6M revenue, FY2026

Price / Earnings n/m net loss, so no earnings multiple, FY2026

Price / Book 2.1x on $141.9M equity, Q4 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 5, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period FY2026, ended Jun 30, 2026 Reported Sep 3, 2026 Currency USD FYE June

Newest figures come from the 10-K for FY2026, filed Sep 3, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MTRX SEC filings page.

Matrix Service Co (MTRX) reported $873.6M in revenue for fiscal year 2026, up 13.6% from the prior fiscal year. This page shows its 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).

Rhea AI MTRX FY2026 2026-10-04

Revenue has recovered and margins have improved, but thin profitability now sits alongside heavier leverage and uneven cash conversion.

From FY2025 to FY2026, operating cash flow fell from $117M to $7M even as the net loss narrowed; cash conversion reversed, suggesting the earlier cash result depended more on balance-sheet movements than on a stable earnings engine.

Revenue reached $874M in FY2026 while operating margin improved to -1.1%, indicating that added volume is passing through the cost base more efficiently. The margin step-up coincided with SG&A falling to $64M from $71M, supporting cost discipline or fixed-cost absorption rather than proving pricing power.

Liabilities expanded to $461M against equity of $142M in FY2026, leaving a thinner capital cushion. Debt-to-equity reached 3.2x while the current ratio was 1.0x, combining elevated leverage with slight short-term pressure.

Financial Health Signals

Financial Health Score 35/100

Scored against operating companies for FY2026. 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 Matrix Service 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

Matrix Service Co has an operating margin of -1.1%, meaning the company loses $1 on every $100 of revenue. This results in a profitability score of 32/100. This is up from -4.6% the prior year.

Growth

Matrix Service Co's revenue grew 13.6% year-over-year to $873.6M, a solid pace of expansion. This earns a growth score of 64/100.

Leverage

Matrix Service Co has elevated debt relative to equity (D/E of 3.25), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 20/100, reflecting increased financial risk.

Liquidity

Matrix Service Co's current ratio of 0.98 is below the typical benchmark, resulting in a score of 18/100. However, the company holds substantial cash reserves (50% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.

Cash Flow

While Matrix Service Co generated $6.9M in operating cash flow, capex of $5.5M consumed most of it, leaving $1.4M in free cash flow. This results in a low score of 50/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Matrix Service Co posts a -1.8% return on equity (ROE), meaning it loses $2 for every $100 of shareholders' equity. This results in a returns score of 28/100. This is up from -20.6% the prior year.

Altman Z-Score Distress

1.77

Matrix Service Co scores 1.77, 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

6/8

Matrix Service Co passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

N/A

Matrix Service Co reported a net loss of $2.6M while generating $6.9M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

Matrix Service Co reported an operating loss of $9.6M against $437K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue

$244.5M

YoY+13.0%

QoQ+18.3%

5Y CAGR+6.9%

10Y CAGR-3.8%

Matrix Service Co generated $244.5M in revenue in Q4 2026. This represents an increase of 13.0% from the same quarter a year earlier. Against the prior quarter it is up 18.3%.

EBITDA

$1.0M

YoY+110.0%

QoQ+8.5%

10Y CAGR-25.5%

Matrix Service Co's EBITDA was $1.0M in Q4 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 110.0% from the same quarter a year earlier. Against the prior quarter it is up 8.5%.

Net Income

$1.1M

YoY+110.1%

QoQ+36.8%

10Y CAGR-18.8%

Matrix Service Co reported $1.1M in net income in Q4 2026. This represents an increase of 110.1% from the same quarter a year earlier. Against the prior quarter it is up 36.8%.

EPS (Diluted)

$0.04

YoY+110.0%

QoQ+33.3%

10Y CAGR-19.3%

Matrix Service Co earned $0.04 per diluted share (EPS) in Q4 2026. This represents an increase of 110.0% from the same quarter a year earlier. Against the prior quarter it is up 33.3%.

Cash & Balance Sheet

Free Cash Flow

-$10.2M

YoY-126.5%

QoQ-130.6%

Matrix Service Co recorded an outflow of $10.2M in free cash flow in Q4 2026, representing a cash shortfall after capex. This represents a decrease of 126.5% from the same quarter a year earlier. Against the prior quarter it is down 130.6%.

Cash & Debt

$223.0M

YoY-0.7%

QoQ-4.3%

5Y CAGR+21.6%

10Y CAGR+12.0%

Matrix Service Co held $223.0M in cash as of Q4 2026; long-term debt is not reported for that period.

Shares Outstanding

28M

YoY+0.8%

QoQ+0.6%

5Y CAGR+1.2%

10Y CAGR+0.6%

Matrix Service Co had 28M shares outstanding in Q4 2026. This represents an increase of 0.8% from the same quarter a year earlier. Against the prior quarter it is up 0.6%.

Dividends Per Share

Not reported for Q4 2026.

Margins & Returns

Gross Margin

8.0%

YoY+4.2pp

QoQ-0.3pp

5Y change+7.1pp

10Y change-1.5pp

Matrix Service Co's gross margin was 8.0% in Q4 2026, indicating the percentage of revenue retained after direct costs. This is up 4.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.3 percentage points.

Operating Margin

-0.4%

YoY+5.6pp

QoQ+0.2pp

5Y change+9.0pp

10Y change-4.4pp

Matrix Service Co's operating margin was -0.4% in Q4 2026, reflecting core business profitability. This is up 5.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.2 percentage points.

Net Margin

0.5%

YoY+5.7pp

QoQ+0.1pp

5Y change+6.6pp

10Y change-2.1pp

Matrix Service Co's net profit margin was 0.5% in Q4 2026, showing the share of revenue converted to profit. This is up 5.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.1 percentage points.

Return on Equity

0.8%

YoY+8.7pp

QoQ+0.2pp

5Y change+4.6pp

10Y change-2.1pp

Matrix Service Co's ROE was 0.8% in Q4 2026, measuring profit generated per dollar of shareholder equity. This is up 8.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.2 percentage points.

Capital Allocation

Capital Expenditures

$1.4M

YoY-39.0%

QoQ+50.4%

5Y CAGR+24.7%

10Y CAGR-4.5%

Matrix Service Co invested $1.4M in capex in Q4 2026, funding long-term assets and infrastructure. This represents a decrease of 39.0% from the same quarter a year earlier. Against the prior quarter it is up 50.4%.

R&D Spending

Not reported for Q4 2026.

Share Buybacks

Not reported for Q4 2026.

MTRX Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MTRX quarterly income statement

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Revenue	$873.6M+13.6%	$769.3M+5.6%	$728.2M-8.4%	$795.0M+12.3%	$707.8M+5.1%	$673.4M-38.8%	$1.1B-22.3%	$1.4B+29.8%	$1.1B-8.8%	$1.2B-8.7%	$1.3B-2.3%	$1.3B+6.3%	$1.3B+41.5%	$892.6M+20.8%	$739.0M
Cost of Revenue	$809.7M+11.0%	$729.6M+6.1%	$687.7M-10.0%	$764.2M+7.8%	$709.0M+10.7%	$640.6M-35.9%	$998.8M-22.3%	$1.3B+28.5%	$999.6M-10.5%	$1.1B-5.9%	$1.2B	N/A	N/A	N/A	N/A
Gross Profit	$64.0M+61.2%	$39.7M-2.0%	$40.5M+31.3%	$30.8M+2655.6%	-$1.2M-103.7%	$32.8M-67.9%	$102.2M-22.6%	$132.0M+43.5%	$91.9M+13.5%	$81.0M-35.7%	$126.0M+44.2%	$87.4M-36.0%	$136.5M+44.1%	$94.7M+18.9%	$79.6M
SG&A Expenses	$63.6M-10.6%	$71.2M+1.6%	$70.1M+2.7%	$68.2M+0.8%	$67.7M-3.0%	$69.8M-19.1%	$86.3M-8.2%	$94.0M+11.4%	$84.4M+10.9%	$76.1M-10.5%	$85.1M+8.3%	$78.6M+0.9%	$77.9M+34.3%	$58.0M+20.9%	$48.0M
Operating Income	-$9.6M+72.6%	-$35.1M-16.5%	-$30.1M+43.1%	-$52.9M+39.8%	-$87.9M-100.8%	-$43.7M-19.4%	-$36.6M-196.6%	$37.9M+462.0%	-$10.5M-315.7%	$4.9M-88.1%	$40.9M+364.5%	$8.8M-85.0%	$58.6M+59.6%	$36.7M+16.1%	$31.6M
EBITDA	-$978K+96.1%	-$25.1M-31.3%	-$19.1M+51.3%	-$39.2M+46.0%	-$72.6M-180.4%	-$25.9M-47.9%	-$17.5M-131.2%	$56.2M+469.1%	$9.9M-62.7%	$26.5M-57.5%	$62.3M+93.1%	$32.3M-58.1%	$77.1M+55.8%	$49.5M+14.8%	$43.1M
Interest Expense	$437K-15.6%	$518K-54.2%	$1.1M-44.2%	$2.0M-31.4%	$3.0M+89.3%	$1.6M-2.4%	$1.6M+23.2%	$1.3M-50.2%	$2.6M+17.6%	$2.2M+159.5%	$852K-31.1%	$1.2M-13.9%	$1.4M+79.5%	$800K-1.7%	$814K
Income Tax	$356K-23.3%	$464K+1388.9%	-$36K+91.0%	-$400K-107.1%	$5.6M+146.7%	-$12.0M-237.2%	-$3.6M-134.2%	$10.4M+1661.4%	-$668K-128.9%	$2.3M-83.6%	$14.1M+39.9%	$10.1M-49.4%	$19.9M+67.4%	$11.9M-10.5%	$13.3M
Net Income	-$2.6M+91.2%	-$29.5M-18.0%	-$25.0M+52.3%	-$52.4M+18.1%	-$63.9M-104.7%	-$31.2M+5.6%	-$33.1M-218.2%	$28.0M+343.7%	-$11.5M-6173.2%	-$183K-100.6%	$28.9M+68.2%	$17.2M-52.1%	$35.8M+49.2%	$24.0M+39.7%	$17.2M
EPS (Basic)	-$0.09+91.5%	-$1.06-16.5%	-$0.91+53.1%	-$1.94+18.8%	-$2.39-102.5%	-$1.18+4.8%	-$1.24-219.2%	$1.04+341.9%	-$0.43-4200.0%	-$0.01-100.9%	$1.09+70.3%	$0.64-52.9%	$1.36+47.8%	$0.92+39.4%	$0.66
EPS (Diluted)	-$0.09+91.5%	-$1.06-16.5%	-$0.91+53.1%	-$1.94+18.8%	-$2.39-102.5%	-$1.18+4.8%	-$1.24-222.8%	$1.01+334.9%	-$0.43-4200.0%	-$0.01-100.9%	$1.07+69.8%	$0.63-52.6%	$1.33+46.2%	$0.91+40.0%	$0.65
Diluted Shares (Avg)	28M+1.9%	28M+1.4%	27M+1.4%	27M+1.0%	27M+1.1%	26M-0.6%	27M-3.5%	28M+3.1%	27M+0.9%	27M-2.1%	27M-0.3%	27M+0.7%	27M+2.3%	26M+0.2%	26M

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Revenue	$244.5M+13.0%	$206.7M+3.3%	$210.5M+12.5%	$211.9M+28.0%	$216.4M+14.2%	$200.2M+20.6%	$187.2M+6.9%	$165.6M-16.2%
Cost of Revenue	$225.0M+8.1%	$189.6M+1.2%	$197.4M+12.0%	$197.7M+25.3%	$208.3M+17.6%	$187.3M+16.8%	$176.3M+7.2%	$157.8M-15.1%
Gross Profit	$19.5M+139.9%	$17.2M+33.5%	$13.1M+20.6%	$14.2M+81.5%	$8.1M-34.7%	$12.8M+130.4%	$10.9M+2.9%	$7.8M-34.1%
SG&A Expenses	$16.9M-3.6%	$15.2M-14.2%	$15.1M-12.6%	$16.3M-12.1%	$17.6M+1.7%	$17.7M-11.1%	$17.3M+9.9%	$18.6M+8.6%
Operating Income	-$891K+93.1%	-$1.0M+79.0%	-$2.2M+65.9%	-$5.5M+48.9%	-$12.9M-141.4%	-$5.0M+65.2%	-$6.4M-24.3%	-$10.8M-104.9%
EBITDA	$1.0M+110.0%	$963K+138.7%	$53K+101.4%	-$3.0M+63.2%	-$10.4M-292.1%	-$2.5M+78.8%	-$3.9M-64.5%	-$8.3M-252.2%
Interest Expense	$107K-28.7%	$85K-36.6%	$118K-18.6%	$127K+42.7%	$150K-56.3%	$134K-6.3%	$145K-54.5%	$89K-72.6%
Income Tax	$89K-80.1%	$35K	$163K+918.8%	$69K	$448K+1220.0%	$0+100.0%	$16K+166.7%	$0
Net Income	$1.1M+110.1%	$835K+124.3%	-$894K+83.8%	-$3.7M+60.3%	-$11.3M-157.5%	-$3.4M+76.4%	-$5.5M-94.1%	-$9.2M-191.2%
EPS (Basic)	$0.04+110.0%	$0.03+125.0%	-$0.03+85.0%	-$0.13+60.6%	-$0.40-150.0%	-$0.12+77.4%	-$0.20-100.0%	-$0.33-175.0%
EPS (Diluted)	$0.04+110.0%	$0.03+125.0%	-$0.03+85.0%	-$0.13+60.6%	-$0.40-150.0%	-$0.12+77.4%	-$0.20-100.0%	-$0.33-175.0%
Diluted Shares (Avg)	N/A	29M+2.5%	28M+2.0%	28M+1.6%	N/A	28M+1.4%	28M+1.5%	28M+1.6%

Not reported in any period shown, so not listed: R&D Expenses.

MTRX Balance Sheet

MTRX quarterly balance sheet

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Total Assets	$602.6M+0.4%	$600.3M+33.0%	$451.4M+12.7%	$400.5M-9.1%	$440.8M-5.7%	$467.6M-9.6%	$517.3M-18.3%	$633.4M+13.5%	$558.0M-4.8%	$586.0M+3.7%	$565.0M+0.6%	$561.7M-1.3%	$568.9M+38.8%	$410.0M+26.9%	$323.1M
Current Assets	$435.6M+3.8%	$419.8M+39.2%	$301.6M+15.0%	$262.3M-8.8%	$287.4M-1.3%	$291.2M-13.1%	$335.2M-19.7%	$417.3M+16.9%	$357.0M-0.4%	$358.6M-4.5%	$375.4M+0.5%	$373.5M-0.6%	$375.5M+26.8%	$296.3M+28.5%	$230.5M
Cash & Equivalents	$223.0M-0.7%	$224.6M+94.3%	$115.6M+110.9%	$54.8M+4.7%	$52.4M-37.6%	$83.9M-16.2%	$100.0M+11.5%	$89.7M+40.1%	$64.1M+46.2%	$43.8M-38.9%	$71.7M-9.6%	$79.2M+2.8%	$77.1M+21.0%	$63.8M0.0%	$63.8M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$6.2M+4.6%	$5.9M-33.1%	$8.8M+18.9%	$7.4M-25.4%	$10.0M+35.8%	$7.3M+13.7%	$6.5M-19.4%	$8.0M+55.6%	$5.2M+37.9%	$3.7M-5.0%	$3.9M+41.9%	$2.8M-8.9%	$3.0M+1.9%	$3.0M+20.4%	$2.5M
Accounts Receivable	$172.0M+10.9%	$155.0M+11.5%	$139.0M-4.6%	$145.8M-5.3%	$153.9M+4.0%	$148.0M-7.9%	$160.7M-26.4%	$218.4M+7.4%	$203.4M-3.6%	$211.0M+10.8%	$190.4M-4.4%	$199.1M-2.7%	$204.7M+45.3%	$140.8M+30.4%	$108.0M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$28.9M-0.6%	$29.0M+0.1%	$29.0M-0.3%	$29.1M-30.9%	$42.1M-30.5%	$60.6M+0.4%	$60.4M-35.3%	$93.4M-2.9%	$96.2M-15.3%	$113.5M+45.0%	$78.3M+9.5%	$71.5M+2.4%	$69.8M+126.5%	$30.8M+7.5%	$28.7M
Total Liabilities	$460.8M+0.7%	$457.5M+59.3%	$287.2M+31.1%	$219.0M+2.8%	$213.1M+17.1%	$182.0M-13.1%	$209.4M-25.6%	$281.4M+17.7%	$239.2M-9.5%	$264.2M+5.9%	$249.4M-10.0%	$277.1M-3.3%	$286.6M+66.8%	$171.8M+53.4%	$112.0M
Current Liabilities	$442.4M+1.4%	$436.4M+64.6%	$265.1M+41.4%	$187.5M+5.5%	$177.8M+15.9%	$153.4M-12.8%	$175.9M-36.1%	$275.5M+15.5%	$238.5M+8.9%	$219.0M-11.0%	$246.0M-7.9%	$267.1M-1.0%	$269.9M+64.2%	$164.4M+55.1%	$106.0M
Non-Current Liabilities	$18.3M-13.4%	$21.2M-4.0%	$22.1M-30.0%	$31.5M-10.8%	$35.3M+23.4%	$28.6M-14.5%	$33.5M+463.7%	$5.9M+719.0%	$725K-98.4%	$45.2M+1242.2%	$3.4M-66.5%	$10.0M-40.1%	$16.8M+125.3%	$7.5M+22.6%	$6.1M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$5.3M	$0-100.0%	$44.7M	$0-100.0%	$8.8M-24.2%	$11.6M	$0	$0
Total Equity	$141.9M-0.6%	$142.7M-13.1%	$164.2M-9.5%	$181.5M-20.3%	$227.7M-20.3%	$285.5M-7.3%	$307.9M-12.5%	$352.0M+10.4%	$318.8M-0.9%	$321.8M+1.6%	$316.7M+8.0%	$293.3M+4.6%	$280.5M+17.8%	$238.2M+12.8%	$211.1M
Retained Earnings	$1.9M-57.6%	$4.5M-86.8%	$33.9M-42.4%	$58.9M-47.1%	$111.3M-36.5%	$175.2M-15.1%	$206.4M-13.8%	$239.5M+13.2%	$211.5M-5.1%	$223.0M-0.1%	$223.3M+14.8%	$194.4M+9.7%	$177.2M+25.3%	$141.4M+20.4%	$117.4M

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Total Assets	$602.6M+0.4%	$616.5M+0.5%	$650.2M+26.5%	$598.2M+27.2%	$600.3M+33.0%	$613.7M+39.5%	$513.8M+26.9%	$470.2M+23.0%
Current Assets	$435.6M+3.8%	$412.0M-7.2%	$450.0M+30.8%	$410.4M+32.9%	$419.8M+39.2%	$443.8M+51.4%	$343.9M+28.7%	$308.9M+26.1%
Cash & Equivalents	$223.0M-0.7%	$233.0M+25.6%	$199.0M+26.9%	$192.3M+54.3%	$224.6M+94.3%	$185.5M+166.4%	$156.8M+232.4%	$124.6M+355.5%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$6.2M+4.6%	$6.0M-5.9%	$6.9M-4.1%	$5.6M-25.7%	$5.9M-33.1%	$6.4M-29.5%	$7.2M-15.2%	$7.5M-18.0%
Accounts Receivable	$172.0M+10.9%	$139.0M-32.3%	$205.9M+52.9%	$160.3M+21.0%	$155.0M+11.5%	$205.3M+18.7%	$134.7M-14.8%	$132.5M-13.0%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$28.9M-0.6%	$28.9M+0.2%	$29.0M+0.4%	$29.0M-0.3%	$29.0M+0.1%	$28.9M-0.6%	$28.9M-0.9%	$29.1M+0.1%
Total Liabilities	$460.8M+0.7%	$477.1M+3.0%	$512.6M+41.6%	$461.9M+47.3%	$457.5M+59.3%	$463.0M+68.9%	$361.9M+60.2%	$313.6M+54.4%
Current Liabilities	$442.4M+1.4%	$460.2M+4.1%	$495.1M+45.2%	$443.5M+51.8%	$436.4M+64.6%	$442.2M+75.3%	$341.1M+66.3%	$292.2M+70.4%
Non-Current Liabilities	$18.3M-13.4%	$16.9M-18.6%	$17.5M-15.9%	$18.5M-14.1%	$21.2M-4.0%	$20.8M-5.2%	$20.8M-0.2%	$21.5M-32.3%
Total Equity	$141.9M-0.6%	$139.4M-7.5%	$137.6M-9.5%	$136.3M-12.9%	$142.7M-13.1%	$150.7M-9.1%	$151.9M-15.1%	$156.5M-12.6%
Retained Earnings	$1.9M-57.6%	$757K-95.2%	-$78K-100.4%	$816K-96.7%	$4.5M-86.8%	$15.8M-58.9%	$19.2M-63.7%	$24.7M-55.7%

Not reported in any period shown, so not listed: Long-Term Debt.

MTRX Cash Flow Statement

MTRX quarterly cash flow statement

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Operating Cash Flow	$6.9M-94.1%	$117.5M+61.9%	$72.6M+608.2%	$10.2M+118.9%	-$54.2M-1724.2%	-$3.0M-106.7%	$44.1M+6.5%	$41.4M-44.6%	$74.7M+498.3%	-$18.7M-155.8%	$33.6M+28.0%	$26.2M-65.9%	$77.0M+34.9%	$57.1M+1841.0%	$2.9M
Depreciation & Amortization	$8.6M-13.7%	$10.0M-9.2%	$11.0M-19.5%	$13.7M-10.2%	$15.3M-14.6%	$17.9M-6.6%	$19.1M+4.9%	$18.2M-10.4%	$20.3M-5.8%	$21.6M+0.8%	$21.4M-8.7%	$23.5M+26.8%	$18.5M+44.9%	$12.8M+11.3%	$11.5M
Stock-Based Compensation	$7.1M-19.8%	$8.9M+15.0%	$7.7M+14.0%	$6.8M-13.8%	$7.9M-3.4%	$8.2M-17.4%	$9.9M-17.1%	$11.9M+38.2%	$8.6M+15.5%	$7.5M+18.1%	$6.3M+0.2%	$6.3M+10.8%	$5.7M+48.5%	$3.8M+9.3%	$3.5M
Capital Expenditures	$5.5M-28.7%	$7.7M+9.9%	$7.0M-22.4%	$9.0M+169.3%	$3.3M-23.2%	$4.4M-76.5%	$18.5M-5.2%	$19.6M+124.5%	$8.7M-26.8%	$11.9M-14.6%	$13.9M-11.6%	$15.8M-33.1%	$23.6M+1.5%	$23.2M+71.6%	$13.5M
Free Cash Flow	$1.4M-98.7%	$109.8M+67.4%	$65.6M+5197.0%	$1.2M+102.2%	-$57.5M-685.5%	-$7.3M-128.7%	$25.5M+17.0%	$21.8M-66.9%	$66.0M+315.2%	-$30.7M-256.0%	$19.6M+87.7%	$10.5M-80.4%	$53.4M+57.7%	$33.9M+419.6%	-$10.6M
Investing Cash Flow	-$3.5M+52.4%	-$7.4M-687.8%	-$945K+62.8%	-$2.5M-107.1%	$35.7M+1675.7%	-$2.3M+86.8%	-$17.1M-18.5%	-$14.4M-54.8%	-$9.3M+81.8%	-$51.4M-93.6%	-$26.6M-29.1%	-$20.6M+72.4%	-$74.6M-130.1%	-$32.4M-155.5%	-$12.7M
Financing Cash Flow	-$4.2M-301.0%	-$1.0M+90.0%	-$10.4M-105.1%	-$5.1M-139.8%	$12.7M+203.0%	-$12.3M+23.2%	-$16.0M-1348.9%	-$1.1M+97.6%	-$45.3M-206.0%	$42.7M+408.6%	-$13.8M-1273.6%	-$1.0M-108.2%	$12.2M+5238.2%	-$238K+97.5%	-$9.3M
Share Buybacks	N/A	N/A	N/A	N/A	$0	$0-100.0%	$17.0M+228.4%	$5.2M	$0	$0-100.0%	$10.5M+109.2%	$5.0M	$0	$0-100.0%	$8.1M

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Operating Cash Flow	-$8.8M-121.6%	$34.2M+9.3%	$7.5M-77.8%	-$25.9M-317.3%	$40.7M-13.4%	$31.2M+25.8%	$33.6M+13.5%	$11.9M+141.3%
Depreciation & Amortization	$1.9M-21.7%	$2.0M-20.0%	$2.2M-11.1%	$2.5M-2.1%	$2.5M-7.9%	$2.5M-5.0%	$2.5M-9.7%	$2.5M-13.6%
Stock-Based Compensation	N/A	N/A	N/A	$1.9M-16.9%	N/A	N/A	N/A	$2.3M+31.7%
Capital Expenditures	$1.4M-39.0%	$917K-64.3%	$1.2M+28.5%	$2.0M+3.4%	$2.3M+73.2%	$2.6M-46.9%	$915K+140.2%	$1.9M+306.7%
Free Cash Flow	-$10.2M-126.5%	$33.2M+15.9%	$6.3M-80.8%	-$27.9M-379.8%	$38.4M-15.9%	$28.7M+43.3%	$32.7M+11.8%	$10.0M+134.0%
Investing Cash Flow	-$920K+59.2%	$82K+103.3%	-$914K-21.5%	-$1.8M+8.0%	-$2.3M-185.3%	-$2.5M-18.6%	-$752K-289.6%	-$1.9M-190.8%
Financing Cash Flow	$58K+26.1%	$46K-2.1%	$55K-1.8%	-$4.3M-264.1%	$46K+195.8%	$47K+14.6%	$56K+100.6%	-$1.2M-189.3%

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

MTRX Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MTRX quarterly financial ratios

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Gross Margin	7.3%+2.2pp	5.2%-0.4pp	5.6%+1.7pp	3.9%+4.0pp	-0.2%-5.0pp	4.9%-4.4pp	9.3%0.0pp	9.3%+0.9pp	8.4%+1.7pp	6.8%-2.8pp	9.6%+3.1pp	6.5%-4.3pp	10.8%+0.2pp	10.6%-0.2pp	10.8%
Operating Margin	-1.1%+3.5pp	-4.6%-0.4pp	-4.1%+2.5pp	-6.7%+5.8pp	-12.4%-5.9pp	-6.5%-3.2pp	-3.3%-6.0pp	2.7%+3.6pp	-1.0%-1.4pp	0.4%-2.7pp	3.1%+2.5pp	0.7%-4.0pp	4.6%+0.5pp	4.1%-0.2pp	4.3%
Net Margin	-0.3%+3.5pp	-3.8%-0.4pp	-3.4%+3.2pp	-6.6%+2.4pp	-9.0%-4.4pp	-4.6%-1.6pp	-3.0%-5.0pp	2.0%+3.0pp	-1.1%-1.0pp	0.0%-2.2pp	2.2%+0.9pp	1.3%-1.6pp	2.8%+0.2pp	2.7%+0.4pp	2.3%
Return on Equity	-1.8%+18.8pp	-20.6%-5.4pp	-15.2%+13.6pp	-28.8%-0.8pp	-28.1%-17.1pp	-10.9%-0.2pp	-10.7%-18.7pp	8.0%+11.5pp	-3.6%-3.5pp	-0.1%-9.2pp	9.1%+3.3pp	5.9%-6.9pp	12.8%+2.7pp	10.1%+1.9pp	8.1%
Return on Assets	-0.4%+4.5pp	-4.9%+0.6pp	-5.5%+7.5pp	-13.1%+1.4pp	-14.5%-7.8pp	-6.7%-0.3pp	-6.4%-10.8pp	4.4%+6.5pp	-2.1%-2.0pp	0.0%-5.1pp	5.1%+2.1pp	3.0%-3.2pp	6.3%+0.4pp	5.9%+0.5pp	5.3%
Current Ratio	0.980.0x	0.96-0.2x	1.14-0.3x	1.40-0.2x	1.62-0.3x	1.900.0x	1.90+0.4x	1.510.0x	1.50-0.1x	1.64+0.1x	1.53+0.1x	1.400.0x	1.39-0.4x	1.80-0.4x	2.18
Debt-to-Equity	3.250.0x	3.21+1.5x	1.75+0.5x	1.21+0.3x	0.94+0.3x	0.640.0x	0.68+0.7x	0.020.0x	0.00-0.1x	0.14+0.1x	0.000.0x	0.030.0x	0.040.0x	0.000.0x	0.00
Asset Turnover	1.45+0.2x	1.28-0.3x	1.61-0.4x	1.99+0.4x	1.61+0.2x	1.44-0.7x	2.13-0.1x	2.24+0.3x	1.96-0.1x	2.04-0.3x	2.32-0.1x	2.39+0.2x	2.220.0x	2.18-0.1x	2.29
FCF Margin	0.2%-14.1pp	14.3%+5.3pp	9.0%+8.8pp	0.2%+8.3pp	-8.1%-7.0pp	-1.1%-3.4pp	2.3%+0.8pp	1.5%-4.5pp	6.0%+8.6pp	-2.6%-4.1pp	1.5%+0.7pp	0.8%-3.4pp	4.2%+0.4pp	3.8%+5.2pp	-1.4%

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Gross Margin	8.0%+4.2pp	8.3%+1.9pp	6.2%+0.4pp	6.7%+2.0pp	3.8%-2.8pp	6.4%+3.1pp	5.8%-0.2pp	4.7%-1.3pp
Operating Margin	-0.4%+5.6pp	-0.5%+2.0pp	-1.0%+2.4pp	-2.6%+3.9pp	-6.0%-3.1pp	-2.5%+6.2pp	-3.4%-0.5pp	-6.5%-3.8pp
Net Margin	0.5%+5.7pp	0.4%+2.1pp	-0.4%+2.5pp	-1.7%+3.8pp	-5.2%-2.9pp	-1.7%+7.1pp	-3.0%-1.3pp	-5.6%-4.0pp
Return on Equity	0.8%+8.7pp	0.6%+2.9pp	-0.7%+3.0pp	-2.7%+3.2pp	-7.9%-5.2pp	-2.3%+6.5pp	-3.6%-2.1pp	-5.9%-4.1pp
Return on Assets	0.2%+2.1pp	0.1%+0.7pp	-0.1%+0.9pp	-0.6%+1.3pp	-1.9%-0.9pp	-0.6%+2.7pp	-1.1%-0.4pp	-2.0%-1.1pp
Current Ratio	0.980.0x	0.90-0.1x	0.91-0.1x	0.93-0.1x	0.96-0.2x	1.00-0.2x	1.01-0.3x	1.06-0.4x
Debt-to-Equity	3.250.0x	3.42+0.3x	3.73+1.3x	3.39+1.4x	3.21+1.5x	3.07+1.4x	2.38+1.1x	2.00+0.9x
Asset Turnover	0.410.0x	0.340.0x	0.320.0x	0.350.0x	0.36-0.1x	0.33-0.1x	0.36-0.1x	0.35-0.2x
FCF Margin	-4.2%-21.9pp	16.1%+1.7pp	3.0%-14.5pp	-13.2%-19.2pp	17.8%-6.3pp	14.3%+2.3pp	17.5%+0.8pp	6.0%+20.9pp

Note: The current ratio is below 1.0 (0.98), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Matrix Service Co MTRX	FY2026	$873.6M	-$2.6M	-0.3%	$290.8M	35/100
Concrete Pumping Holdings, Inc. BBCP	FY2025	$392.9M	$6.4M	1.6%	$496.4M	48/100
Orion Group Holdings, Inc ORN	FY2025	$852.3M	$2.5M	0.3%	$376.6M	44/100
Bowman Consulting Group Ltd. BWMN	FY2025	$490.0M	$12.8M	2.6%	$738.4M	43/100
Great Lakes Dredge & Dock Corporation GLDD	FY2025	$888.3M	$73.5M	8.3%	$1.1B	46/100
Willdan Group, Inc. WLDN	FY2025	$681.6M	$52.6M	7.7%	$1.1B	63/100

Where Matrix Service Co Ranks

Frequently Asked Questions

What is Matrix Service Co's annual revenue?

Matrix Service Co (MTRX) reported $873.6M in total revenue for fiscal year 2026. This represents a 13.6% 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 Matrix Service Co's revenue growing?

Matrix Service Co (MTRX) revenue grew by 13.6% year-over-year, from $769.3M to $873.6M in fiscal year 2026.

Is Matrix Service Co profitable?

No, Matrix Service Co (MTRX) reported a net income of -$2.6M in fiscal year 2026, with a net profit margin of -0.3%.

What is Matrix Service Co's EBITDA?

Matrix Service Co (MTRX) had EBITDA of -$978K in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

What is Matrix Service Co's gross margin?

Matrix Service Co (MTRX) had a gross margin of 7.3% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

What is Matrix Service Co's operating margin?

Matrix Service Co (MTRX) had an operating margin of -1.1% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

What is Matrix Service Co's net profit margin?

Matrix Service Co (MTRX) had a net profit margin of -0.3% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

What is Matrix Service Co's return on equity (ROE)?

Matrix Service Co (MTRX) has a return on equity of -1.8% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

What is Matrix Service Co's free cash flow?

Matrix Service Co (MTRX) generated $1.4M in free cash flow during fiscal year 2026. This represents a -98.7% 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 Matrix Service Co's operating cash flow?

Matrix Service Co (MTRX) generated $6.9M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are Matrix Service Co's total assets?

Matrix Service Co (MTRX) had $602.6M in total assets as of fiscal year 2026, including both current and long-term assets.

What are Matrix Service Co's capital expenditures?

Matrix Service Co (MTRX) invested $5.5M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

How many shares does Matrix Service Co have outstanding?

Matrix Service Co (MTRX) had 28M shares outstanding as of fiscal year 2026.

What is Matrix Service Co's current ratio?

Matrix Service Co (MTRX) had a current ratio of 0.98 as of fiscal year 2026, which is below 1.0, which may suggest potential liquidity concerns.

What is Matrix Service Co's debt-to-equity ratio?

Matrix Service Co (MTRX) had a debt-to-equity ratio of 3.25 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Matrix Service Co's return on assets (ROA)?

Matrix Service Co (MTRX) had a return on assets of -0.4% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is Matrix Service Co's P/E ratio?

Matrix Service Co (MTRX) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2026). The market capitalization is $290.8M as of Oct 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Matrix Service Co's price-to-sales ratio?

Matrix Service Co (MTRX) trades at 0.3x sales, its market capitalization divided by revenue of $873.6M revenue, FY2026. The market capitalization is $290.8M as of Oct 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Matrix Service Co's Altman Z-Score?

Matrix Service Co (MTRX) has an Altman Z-Score of 1.77, 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 Matrix Service Co's Piotroski F-Score?

Matrix Service Co (MTRX) has a Piotroski F-Score of 6 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 Matrix Service Co's earnings high quality?

Matrix Service Co (MTRX) reported a net loss of $2.6M while generating $6.9M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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 Matrix Service Co cover its interest payments?

Matrix Service Co (MTRX) reported an operating loss of $9.6M against $437K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 Matrix Service Co?

Matrix Service Co (MTRX) scores 35 out of 100 on our Financial Health Score, indicating weak standing within its operating 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.