Matrix Service Company (MTRX) AI Stock Analysis

• Market Cap: $428.61M
• Dividend Yield: N/A
• Average Volume (3M): 319.56K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.53
• Revenue Growth: 17.16%
• EPS Growth: 24.10%
• Country: US
• Employees: 2,064
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): -0.13
• Shares Outstanding: 28,068,535
• 10 Day Avg. Volume: 186,717
• 30 Day Avg. Volume: 319,556
• PEG Ratio: -0.77
• Price to Book (P/B): 2.63
• Price to Sales (P/S): 0.49
• P/FCF Ratio: 3.42
• Enterprise Value/Market Cap: 0.40
• Enterprise Value/Revenue: 0.21
• Enterprise Value/Gross Profit: 3.77
• Enterprise Value/Ebitda: -12.39
• 1Y Price Target: $17.00
• Price Target Upside: 34.28% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: $12.50 ▼(-1.26% Downside)

Matrix Service Company's stock score is primarily influenced by its mixed financial performance, with modest revenue growth but ongoing profitability challenges. Technical indicators suggest a bearish trend, while valuation metrics indicate the stock is currently unattractive. Positive aspects from the earnings call, such as revenue growth and improved margins, provide some optimism but are offset by ongoing challenges.

Matrix Service Company Business Overview & Revenue Model

Company Description

Matrix Service Company (MTRX) is a leading provider of engineering, construction, and maintenance services primarily to the energy and industrial sectors. The company operates through various segments, including Electrical Infrastructure, Oil, Gas & Chemical, and Industrial Services, offering a comprehensive range of solutions such as project management, fabrication, installation, and maintenance services. MTRX is committed to delivering high-quality services that meet the needs of its diverse clientele, including both public and private sector organizations.

How the Company Makes Money

Matrix Service Company generates revenue through multiple streams within its core segments. The primary revenue model is project-based, where the company undertakes large-scale projects for clients in the energy and industrial sectors, billing for labor, materials, and overhead costs. Key revenue streams include engineering and construction services, maintenance contracts, and specialized services such as pipeline construction and facility upgrades. Additionally, the company often engages in long-term maintenance agreements, providing a steady income flow. Significant partnerships with major energy companies and government agencies further contribute to its earnings, allowing MTRX to secure large contracts and projects that enhance its financial performance.

Matrix Service Company Financial Statement Overview

Summary

Matrix Service Company shows modest revenue growth but struggles with profitability. The balance sheet is moderately leveraged, and cash flow metrics are strong, providing operational support despite profitability challenges.

Income Statement

Matrix Service Company has shown a slight improvement in revenue growth with a 3.62% increase in the latest year, but profitability remains a challenge. The gross profit margin is relatively low at 5.16%, and the company continues to report negative net profit and EBIT margins, indicating ongoing operational inefficiencies and cost management issues.

Balance Sheet

The company's debt-to-equity ratio is moderate at 0.15, suggesting a balanced approach to leveraging. However, the return on equity is negative, reflecting the company's struggles to generate profits from shareholders' equity. The equity ratio stands at 23.77%, indicating a reasonable level of equity financing relative to total assets.

Cash Flow

Matrix Service Company has demonstrated strong operating cash flow relative to net income, with a ratio of 0.27, and a high free cash flow to net income ratio of 0.93. Despite a recent decline in free cash flow growth, the company maintains a solid cash flow position, which is crucial for sustaining operations and potential investments.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	815.59M	769.29M	728.21M	795.02M	707.78M	673.40M
Gross Profit	46.05M	39.68M	40.47M	30.82M	-1.21M	32.77M
EBITDA	-14.00M	-18.47M	-12.86M	-37.04M	-40.08M	-23.85M
Net Income	-23.90M	-29.46M	-24.98M	-52.36M	-63.90M	-31.22M
Balance Sheet
Total Assets	598.19M	600.26M	451.35M	400.50M	440.79M	467.56M
Cash, Cash Equivalents and Short-Term Investments	192.31M	224.64M	115.61M	54.81M	52.37M	83.88M
Total Debt	20.36M	21.43M	22.89M	35.32M	40.62M	26.52M
Total Liabilities	461.92M	457.54M	287.17M	219.02M	213.09M	182.02M
Stockholders Equity	136.27M	142.72M	164.18M	181.48M	227.71M	285.54M
Cash Flow
Free Cash Flow	71.90M	109.79M	65.58M	1.24M	-57.54M	-7.33M
Operating Cash Flow	79.65M	117.47M	72.57M	10.25M	-54.20M	-2.97M
Investing Cash Flow	-7.29M	-7.45M	-945.00K	-2.54M	35.67M	-2.26M
Financing Cash Flow	-4.18M	-1.04M	-10.37M	-5.06M	12.70M	-12.32M

Matrix Service Company Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 12.66
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MTRX, the sentiment is Negative. The current price of 12.66 is below the 20-day moving average (MA) of 13.86, below the 50-day MA of 13.57, and below the 200-day MA of 13.27, indicating a bearish trend. The MACD of 0.37 indicates Negative momentum. The RSI at 38.31 is Neutral, neither overbought nor oversold. The STOCH value of 59.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MTRX.

Matrix Service Company Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ORN	66 Neutral	$426.54M	45.59	6.31%	―	7.02%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
ESOA	60 Neutral	$179.33M	62.87	5.24%	0.56%	9.52%	-88.22%
BBCP	58 Neutral	$322.23M	39.90	3.32%	―	-8.98%	-38.23%
SLND	49 Neutral	$242.43M	-2.99	-41.62%	―	-23.35%	-49.27%
MTRX	48 Neutral	$428.61M	-14.39	-16.33%	―	17.16%	24.10%
MSW	40 Underperform	$27.77M	-37.74	-578.91%	―	23.25%	-343.35%

Matrix Service Company Corporate Events

Matrix Service Company Reports Strong Q1 2026 Results

Matrix Service Company is a leading provider of engineering and construction services in the energy and industrial sectors, known for its commitment to safety, quality, and integrity. Headquartered in Tulsa, Oklahoma, the company operates across the United States, Canada, Australia, and South Korea, focusing on Storage and Terminal Solutions, Utility and Power Infrastructure, and Process and Industrial Facilities.

Matrix Service’s Earnings Call: Growth Amid Challenges

Matrix Service Company recently held its earnings call, revealing a mixed sentiment. The company reported strong revenue growth and improved gross margins, signaling positive business momentum. However, challenges such as net loss, backlog reductions, and restructuring costs were also highlighted, indicating areas that require attention.

Matrix Service Company Holds Annual Stockholders Meeting

On November 4, 2025, Matrix Service Company held its 2025 Annual Meeting of Stockholders, where several key proposals were voted upon. The stockholders elected directors, ratified Deloitte & Touche LLP as the independent accounting firm, approved executive compensation, adopted a new employee stock purchase plan, and amended the stock and incentive compensation plan to increase authorized shares. These decisions reflect the company’s strategic focus on governance, financial oversight, and employee incentives, potentially impacting its operational efficiency and shareholder value.

The most recent analyst rating on (MTRX) stock is a Buy with a $17.00 price target. To see the full list of analyst forecasts on Matrix Service Company stock, see the MTRX Stock Forecast page.

Matrix Service Company Reports Revenue Growth Amid Challenges

Matrix Service Company is a leading engineering and construction firm specializing in infrastructure solutions for the energy and industrial sectors. The company is known for its commitment to safety, quality, and integrity, with operations spanning the United States, Canada, Australia, and South Korea.

Matrix Service Earnings Call: Mixed Sentiment Amid Challenges

Matrix Service Company recently held its fourth-quarter fiscal 2025 earnings call, revealing a mixed sentiment among stakeholders. While the company showcased significant improvements in safety performance, a strong backlog, and a robust cash position, these positives were offset by challenges related to legacy issues, labor productivity, and restructuring costs. Consequently, the financial results fell short of expectations, leading to a balanced overall sentiment.