Matrix IT Financials
Matrix IT (RMTHF) reported $480.3M in revenue for fiscal year 2021, up 29.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 13 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).
Scale has preserved operating profitability, but 2021 growth became less cash-efficient as more sales were trapped in working capital.
FY2021’s cash-conversion slowdown was not about heavier reinvestment: free-cash-flow margin fell to7.6% while capex was only$1.4M , pointing to cash getting tied up outside long-lived assets. With revenue at$480.3M and net income at$29.3M , the business was still growing, but more of that growth sat in working capital before becoming spendable cash.
Revenue expanded from
The balance sheet still reads as conservative financing: cash was about
Financial Health Signals
Matrix IT does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Matrix IT passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Matrix IT generates $1.29 in operating cash flow ($37.8M OCF vs $29.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Matrix IT earns $60.70 in operating income for every $1 of interest expense ($51.2M vs $844K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Matrix IT generated $480.3M in revenue in fiscal year 2021. This represents an increase of 29.4% from the prior year.
Matrix IT's EBITDA was $66.1M in fiscal year 2021, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 21.2% from the prior year.
Matrix IT reported $29.3M in net income in fiscal year 2021. This represents an increase of 16.5% from the prior year.
Not reported for fiscal year 2021.
Cash & Balance Sheet
Matrix IT generated $36.4M in free cash flow in fiscal year 2021, representing cash available after capex. This represents a decrease of 26.6% from the prior year.
Matrix IT held $88.1M in cash against $32.5M in long-term debt as of fiscal year 2021.
Not reported for fiscal year 2021.
Margins & Returns
Matrix IT's gross margin was 27.7% in fiscal year 2021, indicating the percentage of revenue retained after direct costs. This is down 1.8 percentage points from the prior year.
Matrix IT's operating margin was 10.7% in fiscal year 2021, reflecting core business profitability. This is down 0.3 percentage points from the prior year.
Matrix IT's net profit margin was 6.1% in fiscal year 2021, showing the share of revenue converted to profit. This is down 0.7 percentage points from the prior year.
Matrix IT's ROE was 11.1% in fiscal year 2021, measuring profit generated per dollar of shareholder equity. This is up 1.4 percentage points from the prior year.
Capital Allocation
Matrix IT invested $9.0M in research and development in fiscal year 2021. This represents an increase of 2.3% from the prior year.
Matrix IT invested $1.4M in capex in fiscal year 2021, funding long-term assets and infrastructure. This represents a decrease of 48.1% from the prior year.
Not reported for fiscal year 2021.
RMTHF Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 | FY10 | FY09 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $480.3M+29.4% | $371.2M+14.0% | $325.6M+14.5% | $284.4M+10.2% | $258.1M+28.0% | $201.6M+14.6% | $176.0M+7.1% | $164.3M+13.3% | $145.0M+14.7% | $126.4M+11.5% | $113.3M+27.9% | $88.6M+60.0% | $55.4M |
| Cost of Revenue | $347.3M+32.8% | $261.6M+17.0% | $223.5M+14.3% | $195.6M+11.6% | $175.2M+31.3% | $133.4M+17.8% | $113.2M+13.5% | $99.7M+16.1% | $85.9M+17.0% | $73.4M+9.1% | $67.3M+30.7% | $51.4M+95.9% | $26.3M |
| Gross Profit | $133.0M+21.4% | $109.6M+7.3% | $102.1M+15.0% | $88.8M+7.0% | $83.0M+21.6% | $68.3M+8.7% | $62.8M-2.7% | $64.6M+9.3% | $59.1M+11.5% | $53.0M+15.0% | $46.1M+24.1% | $37.1M+27.7% | $29.1M |
| R&D Expenses | $9.0M+2.3% | $8.8M+6.7% | $8.2M+44.6% | $5.7M-17.9% | $6.9M+18.9% | $5.8M+19.5% | $4.9M+2.9% | $4.8M0.0% | $4.8M+61.2% | $2.9M+44.0% | $2.0M-1.2% | $2.1M+58.2% | $1.3M |
| SG&A Expenses | $32.1M+14.8% | $28.0M-5.3% | $29.5M+21.7% | $24.3M+6.3% | $22.8M+30.0% | $17.6M+30.8% | $13.4M-7.5% | $14.5M+10.3% | $13.2M+23.7% | $10.6M+16.2% | $9.2M+11.8% | $8.2M-0.2% | $8.2M |
| Operating Income | $51.2M+26.2% | $40.6M+20.6% | $33.7M+6.2% | $31.7M+22.1% | $26.0M+23.1% | $21.1M-1.6% | $21.4M+3.4% | $20.7M+8.4% | $19.1M+16.6% | $16.4M+11.5% | $14.7M+57.6% | $9.3M+49.9% | $6.2M |
| Interest Expense | -$844K-37.5% | -$614K-64.2% | -$374K+62.1% | -$986K+12.3% | -$1.1M-464.8% | -$199K-410.9% | $64K | $0 | $0-100.0% | $48K-87.9% | $397K+1554.2% | $24K | N/A |
| Income Tax | $10.4M+42.2% | $7.3M+6.0% | $6.9M-2.8% | $7.1M+11.7% | $6.3M+60.3% | $3.9M+7.3% | $3.7M+59.6% | $2.3M+46.5% | $1.6M+1575.5% | $94K+146.3% | -$203K-99.0% | -$102K-130.5% | $334K |
| Net Income | $29.3M+16.5% | $25.2M+24.3% | $20.3M+1.9% | $19.9M+28.8% | $15.4M+9.0% | $14.2M-12.5% | $16.2M+4.4% | $15.5M-2.3% | $15.9M-1.9% | $16.2M+7.6% | $15.0M+60.5% | $9.4M+51.8% | $6.2M |
| EPS (Diluted) | N/A | N/A | N/A | N/A | $0.35+29.6% | $0.27-25.0% | $0.360.0% | $0.36-16.3% | $0.43 | N/A | $0.41 | $0.29+52.6% | $0.19 |
RMTHF Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 | FY10 | FY09 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $492.0M+10.0% | $447.4M+10.6% | $404.6M+11.7% | $362.3M+5.8% | $342.5M+8.3% | $316.4M+31.9% | $239.8M+7.0% | $224.2M+34.2% | $167.0M+9.2% | $153.0M+12.5% | $136.0M+21.5% | $112.0M | N/A |
| Current Assets | $246.8M+16.8% | $211.2M+3.0% | $205.1M-2.9% | $211.2M+16.3% | $181.6M+14.7% | $158.4M+17.0% | $135.3M+5.5% | $128.2M+75.2% | $73.2M-0.7% | $73.7M+16.1% | $63.5M-7.2% | $68.4M | N/A |
| Cash & Equivalents | $88.1M0.0% | $88.1M+7.6% | $81.9M-6.0% | $87.1M+14.5% | $76.1M+1.0% | $75.3M+21.1% | $62.2M-14.2% | $72.5M+106.4% | $35.1M-6.9% | $37.7M+31.5% | $28.7M | N/A | N/A |
| Accounts Receivable | $117.0M+27.2% | $92.0M-4.9% | $96.7M+7.1% | $90.3M+10.0% | $82.1M+32.2% | $62.0M+18.5% | $52.4M+29.8% | $40.4M+26.2% | $32.0M+12.7% | $28.4M+13.7% | $24.9M+40.1% | $17.8M | N/A |
| Goodwill | $146.8M+8.2% | $135.7M+15.2% | $117.7M+23.9% | $95.0M-3.2% | $98.2M+7.9% | $91.0M+43.7% | $63.3M+14.1% | $55.5M+0.3% | $55.3M+23.8% | $44.7M+14.8% | $38.9M+58.0% | $24.6M | N/A |
| Total Liabilities | $226.8M+21.3% | $187.0M+19.3% | $156.8M+32.5% | $118.3M-10.5% | $132.3M+10.0% | $120.2M+146.1% | $48.8M+24.8% | $39.1M+0.7% | $38.9M+10.5% | $35.2M+14.1% | $30.8M+33.5% | $23.1M | N/A |
| Current Liabilities | $108.3M+27.6% | $84.8M+26.8% | $66.9M+26.4% | $52.9M-10.7% | $59.2M+32.6% | $44.7M+57.6% | $28.4M+12.7% | $25.2M-10.2% | $28.0M-5.1% | $29.5M+8.6% | $27.2M+38.9% | $19.6M | N/A |
| Long-Term Debt | $32.5M+37.8% | $23.6M+12.1% | $21.1M-18.0% | $25.7M-25.7% | $34.6M+1.1% | $34.2M+950.5% | $3.3M+564.7% | $490K-78.5% | $2.3M+18850.0% | $12K | N/A | N/A | N/A |
| Total Equity | $265.2M+1.8% | $260.4M+5.1% | $247.8M+1.6% | $244.0M+16.0% | $210.3M+7.2% | $196.2M+2.7% | $191.0M+3.2% | $185.1M+44.4% | $128.1M+8.8% | $117.8M+12.0% | $105.2M+18.3% | $88.9M+55.4% | $57.2M |
| Retained Earnings | $43.2M+8.9% | $39.7M+40.1% | $28.4M-7.1% | $30.5M+18.7% | $25.7M+29.7% | $19.8M+26.4% | $15.7M+115.7% | $7.3M+1590.5% | $430K+105.6% | -$7.7M+61.8% | -$20.2M+42.6% | -$35.3M | N/A |
Not reported in any period shown, so not listed: Inventory.
RMTHF Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 | FY10 | FY09 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $37.8M-27.7% | $52.3M+13.8% | $45.9M+91.1% | $24.1M-5.7% | $25.5M-8.8% | $28.0M+42.5% | $19.6M+7.8% | $18.2M-18.3% | $22.3M-2.9% | $22.9M+50.6% | $15.2M+5.8% | $14.4M+91.1% | $7.5M |
| Capital Expenditures | $1.4M-48.1% | $2.8M+101.0% | $1.4M+59.8% | $863K-38.4% | $1.4M+75.2% | $799K-28.0% | $1.1M+11.7% | $993K+99.8% | $497K-2.5% | $510K+2.6% | $497K-14.8% | $583K+0.5% | $580K |
| Free Cash Flow | $36.4M-26.6% | $49.5M+11.1% | $44.6M+92.2% | $23.2M-3.8% | $24.1M-11.2% | $27.2M+46.7% | $18.5M+7.6% | $17.2M-21.0% | $21.8M-2.9% | $22.4M+52.2% | $14.7M+6.7% | $13.8M+98.6% | $7.0M |
| Investing Cash Flow | -$16.9M-75.5% | -$9.6M+37.8% | -$15.4M+21.0% | -$19.6M-167.3% | -$7.3M+78.6% | -$34.2M-105.6% | -$16.6M | N/A | N/A | -$10.4M+65.0% | -$29.8M-7528.6% | -$391K+96.2% | -$10.4M |
| Financing Cash Flow | -$20.7M+47.7% | -$39.6M-7.2% | -$37.0M-538.9% | $8.4M+143.4% | -$19.4M-195.1% | $20.4M+271.0% | -$11.9M | N/A | N/A | -$3.4M-580.9% | -$503K-110.2% | $4.9M+8027.4% | -$62K |
| Dividends Paid | $21.8M+74.2% | $12.5M-16.4% | $15.0M+10.5% | $13.5M+44.7% | $9.4M+20.6% | $7.8M-0.3% | $7.8M-10.3% | $8.7M+11.5% | $7.8M+112.7% | $3.7M | $0-100.0% | $16.0M | N/A |
Not reported in any period shown, so not listed: Share Buybacks.
RMTHF Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 | FY10 | FY09 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 27.7%-1.8pp | 29.5%-1.8pp | 31.4%+0.1pp | 31.2%-0.9pp | 32.1%-1.7pp | 33.9%-1.8pp | 35.7%-3.6pp | 39.3%-1.4pp | 40.8%-1.2pp | 41.9%+1.3pp | 40.6%-1.3pp | 41.9%-10.6pp | 52.5% |
| Operating Margin | 10.7%-0.3pp | 10.9%+0.6pp | 10.3%-0.8pp | 11.2%+1.1pp | 10.1%-0.4pp | 10.5%-1.7pp | 12.2%-0.4pp | 12.6%-0.6pp | 13.2%+0.2pp | 13.0%0.0pp | 13.0%+2.4pp | 10.5%-0.7pp | 11.3% |
| Net Margin | 6.1%-0.7pp | 6.8%+0.6pp | 6.2%-0.8pp | 7.0%+1.0pp | 6.0%-1.1pp | 7.0%-2.2pp | 9.2%-0.3pp | 9.4%-1.5pp | 10.9%-1.9pp | 12.8%-0.5pp | 13.3%+2.7pp | 10.6%-0.6pp | 11.2% |
| Return on Equity | 11.1%+1.4pp | 9.7%+1.5pp | 8.2%0.0pp | 8.2%+0.8pp | 7.3%+0.1pp | 7.2%-1.3pp | 8.5%+0.1pp | 8.4%-4.0pp | 12.4%-1.3pp | 13.7%-0.6pp | 14.3%+3.8pp | 10.5%-0.3pp | 10.8% |
| Return on Assets | 6.0%+0.3pp | 5.6%+0.6pp | 5.0%-0.5pp | 5.5%+1.0pp | 4.5%0.0pp | 4.5%-2.3pp | 6.8%-0.2pp | 6.9%-2.6pp | 9.5%-1.1pp | 10.6%-0.5pp | 11.1%+2.7pp | 8.4% | N/A |
| Current Ratio | 2.28-0.2x | 2.49-0.6x | 3.07-0.9x | 3.99+0.9x | 3.07-0.5x | 3.54-1.2x | 4.77-0.3x | 5.10+2.5x | 2.61+0.1x | 2.50+0.2x | 2.34-1.2x | 3.50 | N/A |
| Debt-to-Equity | 0.120.0x | 0.090.0x | 0.090.0x | 0.11-0.1x | 0.160.0x | 0.17+0.2x | 0.020.0x | 0.000.0x | 0.020.0x | 0.00-0.3x | 0.290.0x | 0.26 | N/A |
| FCF Margin | 7.6%-5.8pp | 13.3%-0.4pp | 13.7%+5.5pp | 8.2%-1.2pp | 9.3%-4.1pp | 13.5%+3.0pp | 10.5%0.0pp | 10.5%-4.6pp | 15.0%-2.7pp | 17.8%+4.7pp | 13.0%-2.6pp | 15.6%+3.0pp | 12.6% |
Where Matrix IT Ranks
Frequently Asked Questions
What is Matrix IT's annual revenue?
Matrix IT (RMTHF) reported $480.3M in total revenue for fiscal year 2021. This represents a 29.4% 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 IT's revenue growing?
Matrix IT (RMTHF) revenue grew by 29.4% year-over-year, from $371.2M to $480.3M in fiscal year 2021.
Is Matrix IT profitable?
Yes, Matrix IT (RMTHF) reported a net income of $29.3M in fiscal year 2021, with a net profit margin of 6.1%.
What is Matrix IT's EBITDA?
Matrix IT (RMTHF) had EBITDA of $66.1M in fiscal year 2021, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Matrix IT have?
As of fiscal year 2021, Matrix IT (RMTHF) had $88.1M in cash and equivalents against $32.5M in long-term debt.
What is Matrix IT's gross margin?
Matrix IT (RMTHF) had a gross margin of 27.7% in fiscal year 2021, indicating the percentage of revenue retained after direct costs of goods sold.
What is Matrix IT's operating margin?
Matrix IT (RMTHF) had an operating margin of 10.7% in fiscal year 2021, reflecting the profitability of core business operations before interest and taxes.
What is Matrix IT's net profit margin?
Matrix IT (RMTHF) had a net profit margin of 6.1% in fiscal year 2021, representing the share of revenue converted into profit after all expenses.
What is Matrix IT's return on equity (ROE)?
Matrix IT (RMTHF) has a return on equity of 11.1% for fiscal year 2021, measuring how efficiently the company generates profit from shareholder equity.
What is Matrix IT's free cash flow?
Matrix IT (RMTHF) generated $36.4M in free cash flow during fiscal year 2021. This represents a -26.6% 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 IT's operating cash flow?
Matrix IT (RMTHF) generated $37.8M in operating cash flow during fiscal year 2021, representing cash generated from core business activities.
What are Matrix IT's total assets?
Matrix IT (RMTHF) had $492.0M in total assets as of fiscal year 2021, including both current and long-term assets.
What are Matrix IT's capital expenditures?
Matrix IT (RMTHF) invested $1.4M in capital expenditures during fiscal year 2021, funding long-term assets and infrastructure.
How much does Matrix IT spend on research and development?
Matrix IT (RMTHF) invested $9.0M in research and development during fiscal year 2021.
What is Matrix IT's current ratio?
Matrix IT (RMTHF) had a current ratio of 2.28 as of fiscal year 2021, which is generally considered healthy.
What is Matrix IT's debt-to-equity ratio?
Matrix IT (RMTHF) had a debt-to-equity ratio of 0.12 as of fiscal year 2021, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Matrix IT's return on assets (ROA)?
Matrix IT (RMTHF) had a return on assets of 6.0% for fiscal year 2021, measuring how efficiently the company uses its assets to generate profit.
What is Matrix IT's Piotroski F-Score?
Matrix IT (RMTHF) has a Piotroski F-Score of 5 out of 9, indicating neutral 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Matrix IT's earnings high quality?
Matrix IT (RMTHF) has an earnings quality ratio of 1.29x, 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 Matrix IT cover its interest payments?
Matrix IT (RMTHF) has an interest coverage ratio of 60.70x, 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.