Here are the 10-K annual reports from Matrix Service Co (MTRX) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow MTRX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MTRX filings page.
Matrix Service Company (MTRX) reports in its annual filing that fiscal 2026 showed higher activity but it still posted a loss. Revenue rose 14% to $873.6 million, driven mainly by Storage and Terminal Solutions and Utility and Power Infrastructure, and consolidated gross margin improved to 7.3% from 5.2%.
Net loss narrowed sharply to $2.6 million from $29.5 million as SG&A fell 11% to $63.6 million, partly from an organizational restructuring that also generated $10.0 million of restructuring and executive transition costs. Utility and Power Infrastructure margin improved to 11.1%, while Process and Industrial Facilities revenue and margin declined.
Backlog decreased from $1.38 billion to $953.2 million, with an overall book‑to‑bill of 0.7x, though the company expects to recognize about 79% of backlog as revenue in fiscal 2027. Liquidity remains strong, with $223.0 million of cash, no ABL borrowings, and total liquidity of $283.9 million; Deloitte issued unqualified opinions on both the financial statements and internal control.
Matrix Service Company reported fiscal 2025 results and disclosures showing $769.3 million of revenue for the year, of which $560.7 million related to fixed-price contracts, and reported cash and cash equivalents of $249.6 million. The company had 2,239 employees worldwide and safety performance (TRIR) of 0.51 in fiscal 2025, improving from 0.91 in 2024. Aggregate market value of common stock held by non-affiliates was approximately $316.4 million and there were 28,068,535 shares outstanding as of September 9, 2025. The borrowing base under the ABL Facility was $64.6 million at June 30, 2025, with no outstanding borrowings and $4.8 million of letters of credit, leaving $59.8 million availability. Remaining performance obligations were disclosed near $582.3 million. The company recorded $3.6 million of restructuring costs in fiscal 2025, placed valuation allowances on deferred tax assets ($6.5 million in 2025), performed a goodwill impairment test with no impairment, and noted customer concentration with one customer contributing $133.9 million (17.4%) and another $80.8 million (10.5%) of revenue.