Matrix Service Company (MTRX)
NASDAQ:MTRX
Want to see MTRX full AI Analyst Report?
Top Page
Matrix Service Company
(NASDAQ:MTRX)
Select Model
Select Model
Rating:59Neutral
Price Target:
$14.50
▲(18.95% Upside)
Action:ReiteratedDate:05/07/26
The score is driven mainly by improving fundamentals supported by strong cash flow and a conservative balance sheet, plus a constructive (but stretched) technical uptrend. Offsetting these positives are still-weak profitability and a demanding valuation (high P/E), while the latest earnings call was net-positive but included a modest revenue guidance cut and segment/transition risks.
Positive Factors
Cash Generation
Sustained positive operating and free cash flow provides durable funding for project working capital, bid bonds, and capex without relying on new debt. Strong cash conversion increases flexibility to absorb timing shifts, fund growth initiatives, and support operations through industry cycles.
Negative Factors
Thin Margins
Very low gross margins and a recent net loss leave little buffer against cost inflation or project misestimates. Durable profitability depends on consistent project execution, better pricing mix, and overhead leverage to rebuild returns and equity over time.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash Generation
Sustained positive operating and free cash flow provides durable funding for project working capital, bid bonds, and capex without relying on new debt. Strong cash conversion increases flexibility to absorb timing shifts, fund growth initiatives, and support operations through industry cycles.
Read all positive factors
Matrix Service Company (MTRX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$342.67M
Dividend YieldN/A
Average Volume (3M)319.56K
Price to Earnings (P/E)97.1
Beta (1Y)1.47
Revenue Growth13.88%
EPS Growth34.22%
CountryUS
Employees2,064
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-0.68
Shares Outstanding28,128,405
10 Day Avg. Volume186,717
30 Day Avg. Volume319,556
Financial Highlights & Ratios
PEG Ratio-0.77
Price to Book (P/B)2.63
Price to Sales (P/S)0.49
P/FCF Ratio3.42
Enterprise Value/Market Cap0.37
Enterprise Value/Revenue0.15
Enterprise Value/Gross Profit2.66
Enterprise Value/Ebitda-15.32
Forecast
1Y Price Target
$24.00Price Target Upside96.88% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.09
Revenue Forecast (FY)$903.17M
Matrix Service Company Business Overview & Revenue Model
Company Description
Matrix Service Company provides engineering, fabrication, infrastructure, construction, and maintenance services primarily to the oil, gas, power, petrochemical, industrial, agricultural, mining, and minerals markets in the United States, Canada, ...
How the Company Makes Money
Matrix Service Company primarily makes money by executing contracted engineering and construction projects and providing ongoing maintenance/repair services for customers in energy, utility, and industrial end markets. Revenue is recognized from c...
Matrix Service Company Key Performance Indicators (KPIs)
Matrix Service Company Earnings Call Summary
Earnings Call Date:May 06, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Sep 14, 2026
Earnings Call Sentiment Positive
The call conveyed a largely positive tone: the company returned to profitability, improved gross margins, grew cash and liquidity, delivered a strong performance in Storage & Terminal Solutions and utility margins, and resolved legacy legal matters that added cash. Offsetting these positives were significant declines in the Process & Industrial Facilities segment, a modest reduction to revenue guidance (-2.2% at midpoint), timing-related deferred revenue (~$20M–$25M), and $3M of restructuring charges alongside planned executive departures. On balance, operational and financial improvements plus a robust $6.9B opportunity pipeline and over $1B backlog outweigh the near-term timing and segment-specific challenges.Positive Updates
Return to Profitability & Improved Earnings
Reported net income of $0.8M (GAAP) or $0.03 per diluted share vs a net loss of $3.4M, $0.12 per diluted share in prior-year Q3; adjusted earnings were $0.13 per fully diluted share. Adjusted EBITDA improved to $4.9M in the quarter vs breakeven in the prior-year quarter.
Negative Updates
Process & Industrial Facilities Revenue and Margin Decline
Process and Industrial Facilities revenue declined to $35.1M from $45.4M (a decrease of ~22.7%) and gross margin fell to 2.5% from 8.3% (down 5.8 percentage points), driven by mix of work and settlement of a legacy legal matter.
Read all updates
Q3-2026 Updates
Positive
Negative
Return to Profitability & Improved Earnings
Reported net income of $0.8M (GAAP) or $0.03 per diluted share vs a net loss of $3.4M, $0.12 per diluted share in prior-year Q3; adjusted earnings were $0.13 per fully diluted share. Adjusted EBITDA improved to $4.9M in the quarter vs breakeven in the prior-year quarter.
Read all positive updates
Company Guidance
Management trimmed fiscal 2026 revenue guidance, lowering the midpoint 2.2% from $900 million to $880 million, but reiterated that profitability should continue after Q3 adjusted EPS of $0.13 per diluted share (GAAP net income $0.8 million, $0.03 per diluted share) and adjusted EBITDA of $4.9 million; they expect Q4 revenues to pick up (noting roughly $20–25 million of work deferred from Q3), highlighted a backlog above $1 billion and a $6.9 billion opportunity pipeline, and called out strong balance-sheet metrics—cash $258 million (up $34 million in the quarter), liquidity $297 million, and nearly $20 million cash benefit from recent legal resolutions—while signaling S&T will drive near-term growth (S&T revenue +16% to $111.6 million in Q3; S&T GM 7%), Utility & Power roughly flat (Q3 revenue $60.0 million; GM 13.6%), Process & Industrial pressured (Q3 revenue $35.1 million; GM 2.5%), a $3.0 million restructuring charge in Q3, SG&A of $15.2 million with a target of ~6.5% in FY2027, and an expectation that awards in mining, LNG, data center and power markets will lift bookings and book-to-bill into fiscal 2027.Matrix Service Company Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
66
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Sep 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 838.93M | 769.29M | 728.21M | 795.02M | 707.78M | 673.40M |
| Gross Profit | 48.29M | 39.68M | 40.47M | 30.82M | -1.21M | 32.77M |
| EBITDA | -8.37M | -18.47M | -12.86M | -37.04M | -40.08M | -23.85M |
| Net Income | -19.26M | -29.46M | -24.98M | -52.36M | -63.90M | -31.22M |
Balance Sheet | ||||||
| Total Assets | 650.20M | 600.26M | 451.35M | 400.50M | 440.79M | 467.56M |
| Cash, Cash Equivalents and Short-Term Investments | 198.96M | 224.64M | 115.61M | 54.81M | 52.37M | 83.88M |
| Total Debt | 19.39M | 21.43M | 22.89M | 35.32M | 40.62M | 26.52M |
| Total Liabilities | 512.64M | 457.54M | 287.17M | 219.02M | 213.09M | 182.02M |
| Stockholders Equity | 137.56M | 142.72M | 164.18M | 181.48M | 227.71M | 285.54M |
Cash Flow | ||||||
| Free Cash Flow | 45.50M | 109.79M | 65.58M | 1.24M | -57.54M | -7.33M |
| Operating Cash Flow | 53.51M | 117.47M | 72.57M | 10.25M | -54.20M | -2.97M |
| Investing Cash Flow | -7.45M | -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
Positive
12.19
Price Trends
11.26
Positive
11.90
Positive
12.85
Negative
Market Momentum
0.27
Negative
62.40
Neutral
72.72
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MTRX, the sentiment is Positive. The current price of 12.19 is above the 20-day moving average (MA) of 11.67, above the 50-day MA of 11.26, and below the 200-day MA of 12.85, indicating a neutral trend. The MACD of 0.27 indicates Negative momentum. The RSI at 62.40 is Neutral, neither overbought nor oversold. The STOCH value of 72.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MTRX.
Matrix Service Company Risk Analysis
Matrix Service Company disclosed 31 risk factors in its most recent earnings report. Matrix Service Company reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Matrix Service Company Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | $401.56M | -30.18 | 2.33% | ― | -4.25% | -67.60% | |
62 Neutral | $318.49M | 12.61 | 3.91% | 1.11% | 17.14% | -90.59% | |
59 Neutral | $342.67M | 97.14 | -13.58% | ― | 13.88% | 34.22% | |
57 Neutral | $603.14M | 23.32 | 5.40% | ― | 6.74% | 250.16% | |
47 Neutral | $22.84M | ― | -578.91% | ― | -21.47% | -541.99% | |
42 Neutral | $55.74M | -184.50 | -501.93% | ― | -21.22% | -158.43% |
* Industrials Sector Average
MTRX
Matrix Service Company
12.18
-0.25
-2.01%
ESOA
Energy Services of America
17.31
8.00
85.99%
ORN
Orion Group Holdings
14.90
7.19
93.26%
BBCP
Concrete Pumping Holdings
7.95
1.09
15.89%
SLND
Southland Holdings
1.03
-2.47
-70.57%
MSW
Ming Shing Group Holdings Limited
1.76
-2.02
-53.44%
Matrix Service Company Corporate Events
Business Operations and StrategyExecutive/Board Changes
Matrix Service Realigns Leadership Amid CFO Transition Plans
Neutral
Apr 30, 2026
Matrix Service Company announced executive leadership changes tied to the previously disclosed appointment of Shawn P. Payne as chief executive officer, effective July 1, 2026. As part of this broader reorganization, the company will consolidate a...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.