Tearsheet

Matrix Service (MTRX)


Market Price (12/27/2025): $11.75 | Market Cap: $329.1 Mil
Sector: Industrials | Industry: Construction & Engineering

Matrix Service (MTRX)


Market Price (12/27/2025): $11.75
Market Cap: $329.1 Mil
Sector: Industrials
Industry: Construction & Engineering

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -52%
Weak multi-year price returns
2Y Excs Rtn is -31%, 3Y Excs Rtn is 0.0%
Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -23 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2.8%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 17%
  Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -11%
2 Attractive yield
FCF Yield is 22%
  Key risks
MTRX key risks include [1] persistent profitability challenges demonstrated by ongoing net losses and negative operating margins, Show more.
3 Megatrend and thematic drivers
Megatrends include US Energy Independence, Hydrogen Economy, and Renewable Energy Transition. Themes include US LNG, Show more.
  
0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -52%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 17%
2 Attractive yield
FCF Yield is 22%
3 Megatrend and thematic drivers
Megatrends include US Energy Independence, Hydrogen Economy, and Renewable Energy Transition. Themes include US LNG, Show more.
4 Weak multi-year price returns
2Y Excs Rtn is -31%, 3Y Excs Rtn is 0.0%
5 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -23 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2.8%
6 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -11%
7 Key risks
MTRX key risks include [1] persistent profitability challenges demonstrated by ongoing net losses and negative operating margins, Show more.

Valuation, Metrics & Events

MTRX Stock


Why The Stock Moved


Qualitative Assessment

AI Analysis | Feedback

<b>1. Matrix Service Company's full-year Fiscal 2025 earnings and Q1 Fiscal 2026 earnings per share (EPS) missed analyst expectations.</b> The company reported its full-year Fiscal 2025 results on September 9, 2025, and Q1 Fiscal 2026 results on November 5, 2025, both of which included EPS and revenues that lagged behind analyst forecasts, indicating underperformance relative to market predictions.

<br><br><b>2. The company reported increased losses for Fiscal Year 2025.</b> For Fiscal Year 2025, Matrix Service Company's losses were -$29.46 million, an 18.0% increase compared to the -$24.96 million reported in Fiscal Year 2024.

<br><br><b>3. Matrix Service Company experienced a decline in its Q1 Fiscal 2026 financial performance, reporting a higher net loss per share and an increased adjusted EBITDA loss compared to the prior year quarter.</b> In the first quarter of Fiscal 2026, the net loss per share was $(0.33) compared to $(0.12) in the prior year quarter, and adjusted EBITDA was $(5.9) million versus $(0.9) million in the same period a year ago.

<br><br><b>4. Technical analysis in December 2025 showed "sell signals" from both short and long-term moving averages, and a sell signal was issued from a pivot top point.</b> On December 11, 2025, these technical indicators suggested a negative forecast for the stock, with a subsequent decline of -5.13% noted since the pivot top.

<br><br><b>5. Overall analyst sentiment was cautious to negative, with a "Hold" consensus rating and the company being viewed less favorably than its peers in the energy sector.</b> As of late 2025, Matrix Service had a consensus rating of "Hold" from analysts, with some reports noting that analysts generally liked the company less than other energy companies. This was further highlighted by a headline on November 7, 2025, stating that "Sentiment Still Eluding Matrix Service Company".

Show more

Stock Movement Drivers

Fundamental Drivers

The -9.1% change in MTRX stock from 9/26/2025 to 12/26/2025 was primarily driven by a -13.9% change in the company's P/S Multiple.
926202512262025Change
Stock Price ($)12.9311.75-9.13%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)769.29815.596.02%
P/S Multiple0.470.40-13.90%
Shares Outstanding (Mil)27.8828.01-0.45%
Cumulative Contribution-9.13%

LTM = Last Twelve Months as of date shown

Market Drivers

9/26/2025 to 12/26/2025
ReturnCorrelation
MTRX-9.1% 
Market (SPY)4.3%47.9%
Sector (XLI)3.0%40.4%

Fundamental Drivers

The -15.5% change in MTRX stock from 6/27/2025 to 12/26/2025 was primarily driven by a -22.6% change in the company's P/S Multiple.
627202512262025Change
Stock Price ($)13.9011.75-15.47%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)742.41815.599.86%
P/S Multiple0.520.40-22.58%
Shares Outstanding (Mil)27.8428.01-0.62%
Cumulative Contribution-15.47%

LTM = Last Twelve Months as of date shown

Market Drivers

6/27/2025 to 12/26/2025
ReturnCorrelation
MTRX-15.5% 
Market (SPY)12.6%44.3%
Sector (XLI)7.5%41.0%

Fundamental Drivers

The -3.9% change in MTRX stock from 12/26/2024 to 12/26/2025 was primarily driven by a -16.7% change in the company's P/S Multiple.
1226202412262025Change
Stock Price ($)12.2311.75-3.92%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)696.13815.5917.16%
P/S Multiple0.480.40-16.66%
Shares Outstanding (Mil)27.5628.01-1.63%
Cumulative Contribution-3.95%

LTM = Last Twelve Months as of date shown

Market Drivers

12/26/2024 to 12/26/2025
ReturnCorrelation
MTRX-3.9% 
Market (SPY)15.8%54.5%
Sector (XLI)18.3%56.7%

Fundamental Drivers

The 78.0% change in MTRX stock from 12/27/2022 to 12/26/2025 was primarily driven by a 70.3% change in the company's P/S Multiple.
1227202212262025Change
Stock Price ($)6.6011.7578.03%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)748.12815.599.02%
P/S Multiple0.240.4070.27%
Shares Outstanding (Mil)26.8628.01-4.27%
Cumulative Contribution77.71%

LTM = Last Twelve Months as of date shown

Market Drivers

12/27/2023 to 12/26/2025
ReturnCorrelation
MTRX15.3% 
Market (SPY)48.0%44.3%
Sector (XLI)41.3%48.2%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
MTRX Return-52%-32%-17%57%22%-1%-48%
Peers Return16%38%-12%21%26%16%150%
S&P 500 Return16%27%-19%24%23%18%114%

Monthly Win Rates [3]
MTRX Win Rate42%42%50%50%50%50% 
Peers Win Rate52%65%42%68%57%52% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
MTRX Max Drawdown-68%-40%-54%-24%-10%-16% 
Peers Max Drawdown-34%-5%-26%-7%-9%-23% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL. See MTRX Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)

How Low Can It Go

Unique KeyEventMTRXS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-78.0%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven355.2%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven1,036 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-68.1%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven213.9%51.3%
2020 Covid PandemicTime to BreakevenTime to BreakevenNot Fully Recovered days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-65.7%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven191.3%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven448 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-83.2%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven494.5%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven1,830 days1,480 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

Matrix Service's stock fell -78.0% during the 2022 Inflation Shock from a high on 3/11/2021. A -78.0% loss requires a 355.2% gain to breakeven.

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About Matrix Service (MTRX)

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, South Korea, Australia, and internationally. It operates through three segments: Utility and Power Infrastructure, Process and Industrial Facilities, and Storage and Terminal Solutions. The Utility and Power Infrastructure segment offers power delivery services, including construction of new substations, upgrades of existing substations, transmission and distribution line installations, distribution upgrades, and maintenance; and emergency and storm restoration services. This segment also provides construction and maintenance services to combined cycle plants and other natural gas fired power stations. The Process and Industrial Facilities segment engages in the crude oil refining; processing, fractionating, and marketing of natural gas and natural gas liquids; and offers plant maintenance, turnarounds, engineering, industrial cleaning services, and capital construction service. The Storage and Terminal Solutions segment undertakes work related to aboveground storage tanks and terminals; engineering, fabrication and construction, and maintenance and repair, which include planned and emergency services; and liquefied natural gas, liquid nitrogen/liquid oxygen, liquid petroleum, hydrogen, and other specialty vessels, which comprise spheres, as well as marine structures, and truck and rail loading/offloading facilities. Its services include engineering, fabrication and construction, and maintenance and repair, including planned and emergency services, as well as geodesic domes, aluminum internal floating roofs, floating suction and skimmer systems, roof drain systems, and floating roof seals. Matrix Service Company was founded in 1984 and is headquartered in Tulsa, Oklahoma.

AI Analysis | Feedback

Here are 1-2 brief analogies to describe Matrix Service (MTRX):

1. Think of them as the Turner Construction or Skanska of heavy industrial infrastructure, specializing in building and maintaining facilities like oil refineries, power plants, and massive storage tanks.

2. They are a specialized industrial construction and maintenance provider, similar to a focused version of Quanta Services for refineries, power plants, and heavy industrial facilities.

AI Analysis | Feedback

  • Industrial Construction & Maintenance: Provides comprehensive construction, maintenance, and turnaround services for energy, power generation, and other industrial facilities.
  • Storage Tank Systems: Designs, fabricates, constructs, and repairs large-scale aboveground storage tanks, including specialized roofs and internal floating roofs.
  • Electrical Transmission & Substation Services: Offers construction, upgrade, and maintenance services for electrical transmission lines, substations, and utility infrastructure.
  • Industrial Fabrication: Manufactures and pre-fabricates modules, piping, and other custom components for various industrial applications.
  • Engineering & Design: Provides multi-discipline engineering, design, and project management services for complex industrial and infrastructure projects.

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Major Customers of Matrix Service (MTRX)

Matrix Service Company (MTRX) primarily sells its services to other companies (B2B) rather than individuals. The company provides engineering, fabrication, construction, and maintenance services for various industrial and commercial facilities. While Matrix Service's SEC filings indicate that a relatively small number of customers account for a significant portion of its revenue (e.g., its top ten customers accounted for approximately 49.3% of consolidated revenue in fiscal year 2023), the company does not publicly disclose the specific names of its individual major customer companies. Instead, they describe their customer base by industry sector. Based on their official statements and service offerings, Matrix Service serves a diverse range of large industrial and commercial clients, which can be categorized as follows:
  • Energy & Chemical Companies: This broad category includes major and independent oil and gas companies, refining companies, petrochemical producers, and midstream operators (involved in pipelines, terminals, and storage facilities). They serve clients across the downstream, midstream, and, to a lesser extent, upstream segments of the energy sector.
  • Power Generation & Utility Companies: Matrix Service works with companies involved in electric power generation, including traditional power plants, renewable energy developers (solar, wind), and electric utility companies responsible for infrastructure.
  • Heavy Industrial & Commercial Companies: This encompasses clients in other capital-intensive industries such as minerals and metals (mining and processing facilities), as well as companies in sectors like food and beverage, data centers, and public infrastructure entities.

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John R. Hewitt President and Chief Executive Officer

John R. Hewitt was appointed President and Chief Executive Officer and as a director of Matrix Service Company in May 2011. He has dedicated his entire career to the engineering, procurement, and construction (EPC) industry. Before joining Matrix in May 2011, Mr. Hewitt spent approximately 25 years with various operating businesses of Aker Solutions ASA and its predecessor companies, which provide engineering and construction services, technology products, and integrated solutions to the energy and process industries worldwide. His roles at Aker Solutions included serving as Vice President, where he provided executive oversight on major capital projects in the power and liquefied natural gas industries. He also served as President, United States Operations at Aker Solutions E&C US, Inc. from 2007 to 2009, managing all construction services in North America. Prior to that, he was President of Aker Construction Inc., holding full profit and loss responsibility for a multi-disciplined direct hire industrial construction business across North America. Mr. Hewitt brings significant experience with mergers and acquisitions to the Board. He holds a finance degree from Stetson University and an engineering degree from the Florida Institute of Technology.

Kevin S. Cavanah Chief Financial Officer

Kevin S. Cavanah has served as Chief Financial Officer of Matrix Service Company since December 2010. His previous roles within the company include Vice President, Accounting and Financial Reporting from August 2007 to December 2010, and Controller from April 2003 to August 2007. Prior to joining Matrix Service Company, Mr. Cavanah served as an Accounting Manager for Williams Communications from 2001 to 2003 and for The Williams Companies from 1998 to 2001. He began his career as an Audit Manager for Ernst & Young LLP. Mr. Cavanah earned a Bachelor of Science Degree in Business Administration in Accounting from the University of Arkansas.

Shawn P. Payne President Engineering & Construction

Shawn P. Payne was promoted to President Engineering & Construction effective May 5, 2025. He previously held various leadership roles at Matrix Service, including President, Matrix Service Inc., Senior Vice President, Operations, Senior Vice President of Finance and Business Services, and Vice President of Business Services. Mr. Payne joined the company in 2012 as the Division Manager in Tucson, Arizona, where he was instrumental in leading Matrix's entry into the minerals and mining business. Before joining Matrix, he held leadership positions in operations, finance, and project controls with Aker Solutions/Kvaerner and Jacobs. Mr. Payne holds a Bachelor of Science in Business Administration, with a focus in Finance, from the University of Arizona.

Nancy E. Austin Vice President and Chief Administrative Officer

Nancy E. Austin serves as Vice President and Chief Administrative Officer for Matrix Service Company, overseeing Human Resources, Training and Development, and Corporate Marketing divisions. She has held this role since 2018. Her prior positions at Matrix Service include Vice President of Strategic Services and Administration, Vice President of Human Resources (from 2006 to 2016), and Director of Human Resources (from 2000 to 2006). Before her tenure at Matrix, Ms. Austin worked for TV Guide, Samson Resources, and Villareal & Associates.

Douglas J. Montalbano President, Matrix NAC

Douglas J. Montalbano is the President of Matrix NAC. He holds a Bachelor of Science in Economics from Villanova University College of Commerce and Finance and a Juris Doctor from Villanova University School of Law. Mr. Montalbano is a licensed attorney in both New York and New Jersey.

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Key Risks to Matrix Service (MTRX)

Matrix Service (NASDAQ: MTRX) faces several significant risks that could impact its business operations and financial performance. The most prominent challenges revolve around its operational effectiveness, project execution, and sensitivity to external market and regulatory factors.

  1. Deteriorating Operational Performance and Profitability Challenges: Matrix Service has demonstrated persistent profitability challenges despite increases in revenue, reporting net losses and negative operating margins. The company is on a "journey back to profitability," indicating ongoing financial struggles that could affect investor confidence and long-term value.
  2. Project Execution Risks and Reliance on Project-Based Revenue: The company's business model, heavily reliant on project-based revenue, exposes it to significant execution risks. These include potential labor cost overruns, delays in permitting, and the unpredictable timing of new contract awards. Furthermore, the business is vulnerable to disruptions in supply chains, inflationary pressures, and the availability of materials and labor, all of which can impact the profitability of its projects.
  3. Exposure to Macroeconomic Volatility and Regulatory Shifts: Matrix Service is susceptible to broader macroeconomic headwinds and shifts in regulatory landscapes. Delays in client investment decisions, often influenced by evolving U.S. environmental policies, and other regulatory uncertainties can prolong earnings slumps and hinder the company's strategic trajectory.

AI Analysis | Feedback

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AI Analysis | Feedback

Matrix Service Company (MTRX) operates primarily in North America, providing engineering, fabrication, construction, maintenance, and repair services across three main segments: Storage and Terminal Solutions, Utility and Power Infrastructure, and Process and Industrial Facilities.

Storage and Terminal Solutions

This segment provides services for aboveground storage tanks and terminals, crude oil marketing and export/import terminals, liquefied natural gas (LNG) facilities, natural gas liquids (NGL) and other specialty vessels, and renewable energy storage solutions. The broader North America gas pipeline infrastructure market, which includes LNG facilities, was valued at US$ 21,084.52 billion in 2022 and is projected to reach US$ 27,641.34 billion by 2030, growing at a CAGR of approximately 3.4% during the forecast period.

Utility and Power Infrastructure

This segment encompasses power delivery and power generation services, including renewables, grid upgrades, enhanced connectivity, battery storage, electrical networks, substations, and distribution systems, as well as LNG utility peak shaving facilities. The North America Transmission Infrastructure Market is projected to reach USD 541.32 billion by 2035, with a compound annual growth rate (CAGR) of 7.84% from 2025 to 2035. Additionally, the U.S. power infrastructure market was valued at USD 264.2 billion in 2024 and is expected to increase to USD 455.6 billion by 2032, advancing at a CAGR of 7.2% during 2025–2032. The North America renewable energy market had 3058.36 Gigawatt of installed capacity in 2024 and is projected to reach 6362.26 Gigawatt by 2034, growing at a 7.60% CAGR.

Process and Industrial Facilities

This segment focuses on turnaround and plant services for the refinery, midstream natural gas processing, chemical and petrochemical industries, as well as infrastructure supporting biofuels, fertilizer, sulfur, mining and minerals, and aerospace. The North America industrial services market is expected to witness a market growth of 7.7% CAGR during the forecast period (2023-2030), with the U.S. market alone projected to reach a value of $14,237.8 million by 2030.

AI Analysis | Feedback

Matrix Service (MTRX) is anticipated to drive future revenue growth over the next two to three years through several key strategies and market trends:

  1. Conversion of Robust Backlog and Strong Project Award Momentum: Matrix Service consistently highlights a substantial and growing project backlog, providing significant revenue visibility for the coming years. As of Q1 fiscal year 2026, the company reported a backlog of approximately $1.2 billion and is actively pursuing an opportunity pipeline of $6.7 billion. This backlog, including multi-year projects, is expected to convert into revenue, with management reiterating fiscal year 2026 revenue guidance of $875 million to $925 million, representing a potential increase of 14% to 20%.
  2. Growth in Storage & Terminal Solutions Segment: This segment, which accounts for a significant portion of the company's revenue, is experiencing increased demand, particularly for LNG storage and specialty vessel projects. The company reported a 40% increase in revenue for this segment in Q1 FY26, driven by these project types.
  3. Expansion within Utility & Power Infrastructure Segment: Matrix Service is seeing substantial revenue increases in its Utility & Power Infrastructure segment, benefiting from projects related to power delivery and natural gas peak shaving. This segment recorded a 33% revenue increase in Q1 FY26 compared to the prior year.
  4. Strategic Diversification into New, High-Growth Markets: The company is strategically positioning itself to capitalize on multi-industry tailwinds, leveraging its expertise in energy and industrial sectors to expand into high-growth areas. These include increasing data center energy demand, low-carbon infrastructure development, industrial and manufacturing resurgence, and opportunities in hydrogen and ammonia infrastructure.
  5. Improved Operational Efficiency and Disciplined Project Execution: Management emphasizes disciplined project bidding, strong project execution, and improved operating leverage as critical to driving long-term value. Efforts to streamline operations and enhance efficiency are contributing to better gross margins and more effective conversion of backlog into revenue.

AI Analysis | Feedback

Here is a summary of Matrix Service (MTRX) capital allocation decisions over the last 3-5 years:

Share Repurchases

No significant open market share repurchase programs or substantial dollar amounts for repurchases were explicitly identified within the fiscal years 2021-2025. Share activity primarily related to the utilization of treasury shares for employee equity awards and the Employee Stock Purchase Plan.

Share Issuance

Share issuance activities were primarily related to employee benefit plans. Matrix Service Company has made S-8 filings to offer securities to employees pursuant to these plans. No significant new common stock issuance for general corporate funding was explicitly identified.

Inbound Investments

No information was found regarding large investments made in Matrix Service Company by third-parties within the last 3-5 years.

Outbound Investments

No information was found regarding significant strategic investments in other companies or acquisitions by Matrix Service Company within the last 3-5 years. The company's most recent listed acquisition was in 2016. Matrix Service management has indicated plans to explore focused mergers and acquisitions for fiscal year 2026 and beyond.

Capital Expenditures

  • For the six months ended December 31, 2024 (fiscal year 2025), capital expenditures were $2.859 million.
  • In fiscal year 2024, investing activities used approximately $0.9 million in cash, primarily due to capital expenditures, which included the purchase of a fabrication facility in Bakersfield.
  • For the six months ended December 31, 2023 (fiscal year 2024), capital expenditures were $0.859 million.

Better Bets than Matrix Service (MTRX)

Trade Ideas

Select ideas related to MTRX. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
CNM_11212025_Dip_Buyer_FCFYield11212025CNMCore & MainDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
18.3%18.3%-1.6%
VRRM_11212025_Dip_Buyer_FCFYield11212025VRRMVerra MobilityDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
5.5%5.5%-1.2%
LII_11212025_Dip_Buyer_ValueBuy11212025LIILennox InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
7.1%7.1%0.0%
ADP_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025ADPAutomatic Data ProcessingMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
2.9%2.9%-1.2%
CW_11212025_Quality_Momentum_RoomToRun_10%11212025CWCurtiss-WrightQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
5.7%5.7%-0.4%

Recent Active Movers

More From Trefis

Peer Comparisons for Matrix Service

Peers to compare with:

Financials

MTRXHPQHPEIBMCSCOAAPLMedian
NameMatrix S.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Price11.7523.2624.49305.0978.16273.4051.32
Mkt Cap0.321.932.6284.9309.24,074.4158.8
Rev LTM81655,29534,29665,40257,696408,62556,496
Op Inc LTM-233,6241,64411,54412,991130,2147,584
FCF LTM722,80062711,85412,73396,1847,327
FCF 3Y Avg622,9781,40011,75313,879100,5037,366
CFO LTM803,6972,91913,48313,744108,5658,590
CFO 3Y Avg703,6723,89613,49814,736111,5598,697

Growth & Margins

MTRXHPQHPEIBMCSCOAAPLMedian
NameMatrix S.HP Hewlett .Internat.Cisco Sy.Apple  
Rev Chg LTM17.2%3.2%13.8%4.5%8.9%6.0%7.4%
Rev Chg 3Y Avg3.6%-3.9%6.5%2.6%3.7%1.8%3.1%
Rev Chg Q28.0%4.2%14.4%9.1%7.5%9.6%9.4%
QoQ Delta Rev Chg LTM6.0%1.1%3.7%2.1%1.8%2.1%2.1%
Op Mgn LTM-2.8%6.6%4.8%17.7%22.5%31.9%12.1%
Op Mgn 3Y Avg-4.3%7.4%7.2%16.4%24.2%30.8%11.9%
QoQ Delta Op Mgn LTM1.3%-0.2%-1.4%0.6%0.4%0.1%0.2%
CFO/Rev LTM9.8%6.7%8.5%20.6%23.8%26.6%15.2%
CFO/Rev 3Y Avg9.4%6.8%12.7%21.4%26.1%28.4%17.1%
FCF/Rev LTM8.8%5.1%1.8%18.1%22.1%23.5%13.5%
FCF/Rev 3Y Avg8.3%5.5%4.6%18.6%24.6%25.6%13.5%

Valuation

MTRXHPQHPEIBMCSCOAAPLMedian
NameMatrix S.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Cap0.321.932.6284.9309.24,074.4158.8
P/S0.40.41.04.45.410.02.7
P/EBIT-14.46.819.925.122.531.321.2
P/E-13.88.6572.736.029.941.033.0
P/CFO4.15.911.221.122.537.516.2
Total Yield-7.3%14.1%2.3%5.0%5.4%2.8%3.9%
Dividend Yield0.0%2.5%2.1%2.2%2.1%0.4%2.1%
FCF Yield 3Y Avg18.5%10.6%5.5%6.4%6.0%3.1%6.2%
D/E0.10.50.70.20.10.00.2
Net D/E-0.50.30.60.20.00.00.1

Returns

MTRXHPQHPEIBMCSCOAAPLMedian
NameMatrix S.HP Hewlett .Internat.Cisco Sy.Apple  
1M Rtn1.1%-1.8%14.4%0.6%2.7%-1.5%0.9%
3M Rtn-9.1%-11.9%2.7%7.9%17.0%7.1%4.9%
6M Rtn-15.5%-4.0%34.5%6.6%15.2%36.3%10.9%
12M Rtn-3.9%-27.3%14.2%39.2%33.7%6.0%10.1%
3Y Rtn78.0%-3.8%67.7%139.0%79.5%113.4%78.8%
1M Excs Rtn0.4%-5.6%12.9%-2.2%-0.0%-3.7%-1.1%
3M Excs Rtn-13.4%-16.2%-1.7%3.6%12.7%2.8%0.6%
6M Excs Rtn-27.7%-16.3%22.3%-5.7%3.0%24.0%-1.3%
12M Excs Rtn-18.3%-42.9%-0.7%25.0%19.9%-8.4%-4.6%
3Y Excs Rtn-0.0%-83.5%-11.2%59.6%-1.2%28.4%-0.6%

Financials

Segment Financials

Assets by Segment
$ Mil20252024202320222021
Corporate147103102118124
Storage and Terminal Solutions139139141161187
Utility and Power Infrastructure8468948267
Process and Industrial Facilities8291104107139
Total451401441468517


Price Behavior

Price Behavior
Market Price$11.75 
Market Cap ($ Bil)0.3 
First Trading Date02/26/1992 
Distance from 52W High-25.7% 
   50 Days200 Days
DMA Price$12.57$12.96
DMA Trenddowndown
Distance from DMA-6.5%-9.3%
 3M1YR
Volatility50.6%51.4%
Downside Capture218.57168.98
Upside Capture129.07140.89
Correlation (SPY)47.3%54.4%
MTRX Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta2.421.931.931.901.441.20
Up Beta2.682.073.142.411.141.07
Down Beta2.052.051.942.391.671.56
Up Capture40%133%60%118%173%162%
Bmk +ve Days13263974142427
Stock +ve Days13283675137380
Down Capture348%220%222%175%134%102%
Bmk -ve Days7162452107323
Stock -ve Days7142750111362

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of MTRX With Other Asset Classes (Last 1Y)
 MTRXSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-3.4%19.3%17.8%72.1%8.6%4.4%-8.3%
Annualized Volatility51.1%18.8%19.4%19.3%15.2%17.0%35.0%
Sharpe Ratio0.110.800.722.700.340.09-0.08
Correlation With Other Assets 56.7%54.4%-2.3%23.7%40.3%28.9%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
 Comparison of MTRX With Other Asset Classes (Last 5Y)
 MTRXSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return4.3%13.8%14.7%18.7%11.5%4.6%30.8%
Annualized Volatility55.2%17.2%17.1%15.5%18.7%18.9%48.7%
Sharpe Ratio0.290.650.700.970.500.160.57
Correlation With Other Assets 41.9%34.5%7.5%21.4%26.9%20.6%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of MTRX With Other Asset Classes (Last 10Y)
 MTRXSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-5.5%13.5%14.8%15.3%7.0%5.3%69.2%
Annualized Volatility55.7%19.9%18.0%14.7%17.6%20.8%55.8%
Sharpe Ratio0.140.600.710.860.320.220.90
Correlation With Other Assets 43.9%38.2%3.1%25.8%31.2%13.1%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity487,756
Short Interest: % Change Since 113020252.3%
Average Daily Volume232,878
Days-to-Cover Short Interest2.09
Basic Shares Quantity28,008,000
Short % of Basic Shares1.7%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
9/9/2025-13.9%-10.3%-10.2%
5/7/202511.3%4.5%1.6%
2/5/20250.7%9.5%-16.1%
9/9/202415.3%18.3%21.9%
5/8/2024-10.1%-2.6%-8.4%
2/7/202423.1%29.4%41.9%
9/11/202313.8%17.3%50.4%
5/8/20233.7%17.0%9.3%
...
SUMMARY STATS   
# Positive10911
# Negative9108
Median Positive3.8%9.5%21.9%
Median Negative-10.1%-10.4%-13.1%
Max Positive23.1%29.4%50.4%
Max Negative-35.3%-30.9%-37.2%

SEC Filings

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Report DateFiling DateFiling
93020251106202510-Q 9/30/2025
6302025910202510-K 6/30/2025
3312025508202510-Q 3/31/2025
12312024206202510-Q 12/31/2024
93020241107202410-Q 9/30/2024
6302024910202410-K 6/30/2024
3312024509202410-Q 3/31/2024
12312023208202410-Q 12/31/2023
93020231109202310-Q 9/30/2023
6302023912202310-K 6/30/2023
3312023509202310-Q 3/31/2023
12312022209202310-Q 12/31/2022
93020221109202210-Q 9/30/2022
63020221011202210-K 6/30/2022
3312022510202210-Q 3/31/2022
12312021208202210-Q 12/31/2021