MATRIX SERVICE CO

MTRX

MATRIX SERVICE CO

MTRX

Insider Sentiment (TTM):

Last Purchase:2025-09-16Last Sale:2026-06-15Shares Purchased (TTM):2,300Shares Sold (TTM):141,611

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:22,971,914Shares Outstanding:28,380,000Institutional Ownership Pct.:80.94%

Earnings Market Reaction:

Filing Date:2026-05-07Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30
Assets
Assets Current
Cash And Cash Equivalents At Carrying Value	233	199	192	225	186	157	125	116	70	47	27	55
Accounts Receivable Net Current	139	206	160	155	205	135	133	139	173	158	152	146
Contract With Customer Asset Net Current	25	25	38	30	39	35	32	34	35	40	42	45
Inventory Net	6	7	6	6	6	7	8	9	9	8	9	7
Income Taxes Receivable	0	0	0	0	0	0	0	0	0	0	0	0
Prepaid Expense Current	-	-	14	4	8	10	12	4	7	8	10	6
Other Assets Current	-	-	-	-	-	-	-	0	0	4	3	3
Prepaid Expense And Other Assets Current	8	11	-	-	-	-	-	-	-	-	-	-
Assets Of Disposal Group Including Discontinued Op…	1	-	-	-	-	-	-	-	-	-	-	-
Assets Current	412	450	410	420	444	344	309	302	293	267	245	262
Restricted Cash Noncurrent	25	25	25	25	25	25	25	25	25	25	25	25
Property Plant And Equipment Net	37	38	41	42	42	41	43	43	45	42	45	48
Operating Lease Right Of Use Asset	14	15	16	18	18	18	19	19	18	19	21	22
Goodwill	29	29	29	29	29	29	29	29	29	29	29	29
Intangible Assets Net Excluding Goodwill	0	0	0	1	1	1	1	2	2	2	3	3
Other Assets Noncurrent	99	93	76	66	55	55	43	31	28	20	15	12
Assets	617	650	598	600	614	514	470	451	440	405	382	401
Liabilities And Stockhold…
Liabilities Current
Accounts Payable Current	90	88	98	80	79	80	62	66	55	62	74	76
Contract With Customer Liability Current	341	383	318	324	333	238	205	171	168	117	73	85
Employee Related Liabilities Current	16	13	15	19	19	13	14	16	18	14	12	14
Accrued Insurance Current	4	4	5	5	5	4	5	5	6	6	6	6
Operating Lease Liability Current	5	4	4	4	4	4	4	4	4	4	4	5
Other Liabilities Current	4	3	3	4	3	2	3	4	2	2	3	2
Liabilities Current	460	495	443	436	442	341	292	265	252	205	171	188
Deferred Income Tax Liabilities Net	0	0	0	0	0	0	0	0	0	0	0	0
Operating Lease Liability Noncurrent	14	15	16	17	18	18	19	19	18	19	20	21
Other Liabilities Noncurrent	3	2	3	4	3	3	2	3	4	2	2	1
Liabilities	477	513	462	458	463	362	314	287	274	226	203	219
Line Of Credit	-	-	-	-	-	-	-	0	0	0	10	10
Liabilities Other Than Longterm Debt Noncurrent	-	-	-	-	-	-	-	-	-	-	-	1
Shares Outstanding	-	-	-	28	-	28	28	27	27	27	27	27
Stockholders Equity
Common Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Additional Paid In Capital	149	147	145	150	148	146	144	146	143	141	140	141
Retained Earnings Accumulated Deficit	1	-0	1	4	16	19	25	34	38	53	56	59
Accumulated Other Comprehensive Income Loss Foreig…	-10	-10	-10	-9	-10	-10	-9	-10	-9	-9	-9	-9
Treasury Stock Value	0	0	0	-3	-3	-3	-3	-6	-6	-6	-7	-10
Treasury Stock Common Shares	-	-	-	0	0	0	0	1	1	1	1	1
Stockholders Equity	139	138	136	143	151	152	157	164	166	179	179	181
Stockholders Equity Before Treasury Stock	-	-	-	-	-	-	-	-	-	185	186	191
Liabilities And Stockholders Equity	617	650	598	600	614	514	470	451	440	405	382	401
Allowance For Doubtful Accounts Receivable Current	-	-	-	-	-	-	-	-	0	0	0	1
Common Stock Par Or Stated Value Per Share	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Common Stock Shares Authorized	60	60	60	60	60	60	60	60	60	60	60	60
Common Stock Shares Issued	28	28	28	28	28	28	28	28	28	28	28	28

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10‑Q10‑K

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	-7.66%	-7.19%	11.06%	-2.31%	1.24%	13.24%	7.98%	14.06%	1.48%	-	-	-
2025	4.00%	-6.35%	18.04%	-11.74%	-11.39%	-15.84%	-10.48%	1.83%	12.38%	4.32%	22.41%	-4.73%
2024	-10.50%	-13.68%	-15.36%	5.73%	14.90%	1.68%	13.53%	-6.67%	-1.88%	9.77%	6.64%	25.81%
2023	-	-	-	-	-	-	0.71%	5.18%	13.21%	31.31%	29.55%	11.80%
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Performance and Valuation Metrics

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Metrics	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30
Liquidity Ratios
Current Ratio	0.90	0.91	0.93	0.96	1.00	1.01	1.06	1.14	1.16	1.30	1.43	1.40
Quick Ratio	0.87	0.87	0.88	0.94	0.97	0.96	0.99	1.09	1.10	1.22	1.32	1.33
Working Capital	-48.16M	-45.13M	-33.04M	-16.60M	1.58M	2.82M	16.74M	36.48M	40.92M	62.25M	73.64M	74.72M
Leverage & Debt
Debt to Equity	3.42	3.73	3.39	3.21	3.07	2.38	2.00	1.75	1.65	1.26	1.13	1.21
Interest Coverage TTM	-45.07	-48.37	-53.60	-67.70	-38.69	-51.22	-39.85	-26.65	-21.80	-18.66	-26.83	-26.13
Debt Ratio	0.77	0.79	0.77	0.76	0.75	0.70	0.67	0.64	0.62	0.56	0.53	0.55
Efficiency & Turnover
Asset Turnover TTM	1.37	1.44	1.53	1.46	1.41	1.54	1.63	1.71	1.72	1.82	1.98	1.89
Days Sales Outstanding TTM	74.33	74.11	65.54	69.74	92.97	75.47	74.67	71.36	82.44	81.12	70.19	68.78
Receivables Turnover TTM	4.91	4.93	5.57	5.23	3.93	4.84	4.89	5.11	4.43	4.50	5.20	5.31
Per Share Metrics
Diluted EPS TTM	-0.81	-1.33	-1.38	-1.59	-1.34	-1.21	-1.13	-0.91	-0.76	-0.70	-1.81	-1.94
Free Cash Flow Per Share TTM	1.76	1.60	2.57	3.95	4.20	3.90	3.81	2.40	0.91	0.79	0.32	0.05
Dividend Per Share TTM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Margin Metrics
Gross Profit Margin TTM	6.22%	5.76%	5.65%	5.16%	5.93%	5.19%	5.23%	5.56%	5.74%	5.43%	3.78%	3.88%
Operating Profit Margin TTM	-2.56%	-3.05%	-3.65%	-4.56%	-3.71%	-5.21%	-5.12%	-4.14%	-3.68%	-3.36%	-6.76%	-6.65%
Net Profit Margin TTM	-2.75%	-4.49%	-4.74%	-5.75%	-5.03%	-4.76%	-4.46%	-3.43%	-2.81%	-2.49%	-6.25%	-6.59%
Growth Metrics
Net Revenue Growth (1Y)	13.88%	18.45%	17.16%	5.64%	-0.29%	-7.47%	-11.24%	-8.40%	-5.74%	-1.86%	4.83%	12.33%
Net Income Growth (1Y)	-37.80%	11.77%	24.57%	77.04%	78.28%	77.07%	-36.69%	-52.30%	-45.72%	-68.67%	-7.30%	-18.06%
EPS Growth (1Y)	-38.99%	9.60%	22.58%	74.56%	75.76%	74.37%	-37.71%	-52.98%	-46.52%	-69.11%	-8.15%	-18.83%
Valuation Metrics
P/E TTM	-14.03	-8.80	-9.48	-8.48	-9.27	-9.87	-10.24	-10.89	-17.08	-14.06	-6.53	-3.04
P/B TTM	2.34	2.41	2.69	2.63	2.30	2.19	2.03	1.66	2.16	1.50	1.79	0.88
P/S TTM	0.39	0.40	0.45	0.49	0.47	0.47	0.46	0.37	0.48	0.35	0.41	0.20
Market Cap	325.80M	331.72M	366.34M	375.16M	346.00M	332.78M	317.76M	271.87M	357.58M	267.75M	319.93M	158.96M
Enterprise Value	67.78M	107.75M	149.04M	125.52M	135.46M	151.00M	168.15M	131.26M	262.92M	195.59M	267.57M	79.15M
Calculated Values
Free Cash Flow TTM	50.06M	45.50M	71.90M	109.79M	117.04M	108.36M	104.90M	65.58M	24.93M	21.54M	8.69M	1.24M
Net Debt	-258.02M	-223.96M	-217.31M	-249.64M	-210.54M	-181.78M	-149.61M	-140.62M	-94.66M	-72.16M	-52.36M	-79.81M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
PEG Ratio
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
EV Revenue TTM
EV FCF TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-06-15Sale

Owner: Cavanah, Kevin S

Title: VP Finance & CFO

Shares: 1,418

Price/Share: $14.03

Value: $19,894.54

Shares Owned: 87,113

Relationship: Officer

Ownership: Direct

2026-06-12Sale

Owner: Sheets, Justin D

Title: SVP, Enterprise Services

Shares: 16,991

Price/Share: $13.50

Value: $229,378.50

Shares Owned: 64,337

Relationship: Officer

Ownership: Direct

2026-06-05Sale

Owner: Cavanah, Kevin S

Title: VP Finance & CFO

Shares: 6,509

Price/Share: $14.13

Value: $91,972.17

Shares Owned: 90,604

Relationship: Officer

Ownership: Direct

2026-05-26Sale

Owner: Cavanah, Kevin S

Title: VP Finance & CFO

Shares: 60,000

Price/Share: $12.90

Value: $774,000.00

Shares Owned: 147,113

Relationship: Officer

Ownership: Direct

2026-05-08Sale

Owner: Hewitt, John R

Title: President & CEO

Shares: 36,000

Price/Share: $12.50

Value: $450,000.00

Shares Owned: 581,806

Relationship: Director,Officer

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-06-15	Cavanah, Kevin S	Officer	VP Finance & CFO	Direct	Sale	1,418	14.03	$19,894.54	87,113	4
2026-06-12	Sheets, Justin D	Officer	SVP, Enterprise Services	Direct	Sale	16,991	13.50	$229,378.50	64,337	4
2026-06-05	Cavanah, Kevin S	Officer	VP Finance & CFO	Direct	Sale	6,509	14.13	$91,972.17	90,604	4
2026-05-26	Cavanah, Kevin S	Officer	VP Finance & CFO	Direct	Sale	60,000	12.90	$774,000.00	147,113	4
2026-05-08	Hewitt, John R	Director,Officer	President & CEO	Direct	Sale	36,000	12.50	$450,000.00	581,806	4
2026-02-18	Austin, Nancy E	Officer	VP, Chief Admin Officer	Direct	Sale	4,193	11.29	$47,338.97	106,138	4
2025-11-25	Payne, Shawn P	Officer	President, Eng & Constr	Direct	Sale	5,231	11.42	$59,738.02	102,179	4
2025-11-20	Payne, Shawn P	Officer	President, Eng & Constr	Direct	Sale	3,019	11.42	$34,476.98	107,410	4
2025-11-11	Payne, Shawn P	Officer	President, Eng & Constr	Direct	Sale	8,250	12.58	$103,785.00	110,429	4
2025-09-16	Chandler, John D	Director	-	Direct	Purchase	2,300	12.74	$29,302.00	78,053	4
2024-09-11	Miller, James Harry	Director	-	Direct	Sale	4,500	10.23	$46,035.00	74,962	4
2024-03-22	Durkin, Kevin A	Officer	VP Chief Bus Dev/Strat Officer	Direct	Sale	3,900	13.14	$51,246.00	72,231	4
2024-03-20	Hewitt, John R	Director,Officer	President & CEO	Direct	Sale	10,000	13.25	$132,500.00	477,891	4
2024-02-09	Durkin, Kevin A	Officer	VP Chief Bus Dev/Strat Officer	Direct	Sale	3,900	12.72	$49,608.00	76,131	4
2023-12-05	Sheets, Justin D	Officer	VP & General Counsel	Direct	Sale	10,961	10.13	$111,034.93	56,316	4
2023-11-10	Miller, James Harry	Director	-	Direct	Sale	3,000	11.50	$34,500.00	70,557	4
2023-09-29	Hewitt, John R	Director,Officer	President & CEO	Direct	Sale	7,500	12.00	$90,000.00	487,891	4
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Institutional Ownership

No data available for chart

2026-03-31

80.94%

Inst. Shares: 22,971,914

Shares Outstanding: 28,380,000

2025-12-31

83.87%

Inst. Shares: 23,777,918

Shares Outstanding: 28,352,000

2025-09-30

83.51%

Inst. Shares: 23,389,046

Shares Outstanding: 28,008,000

2025-06-30

84.47%

Inst. Shares: 23,456,916

Shares Outstanding: 27,769,000

2025-03-31

83.31%

Inst. Shares: 23,191,024

Shares Outstanding: 27,836,000

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	22,971,914	28,380,000	80.94%
2025-12-31	23,777,918	28,352,000	83.87%
2025-09-30	23,389,046	28,008,000	83.51%
2025-06-30	23,456,916	27,769,000	84.47%
2025-03-31	23,191,024	27,836,000	83.31%
2024-12-31	21,097,255	27,801,000	75.89%
2024-09-30	21,707,030	27,559,000	78.77%
2024-06-30	20,254,733	27,379,000	73.98%
2024-03-31	19,206,329	27,443,000	69.99%
2023-12-31	18,278,784	27,377,000	66.77%
2023-09-30	17,713,236	27,113,000	65.33%
2023-06-30	17,800,667	26,988,000	65.96%
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MATRIX SERVICE CO (MTRX) — SEC Financial Statements & Analysis

MATRIX SERVICE CO (MTRX) is a construction - special trade contractors company, incorporated in DE. MATRIX SERVICE CO trades on Nasdaq as: MTRX. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), MATRIX SERVICE CO reported a 13.88% year-over-year revenue growth, a Gross Profit Margin of 6.22% (TTM), a Debt-to-Equity ratio of 3.42x, a Price-to-Sales (P/S) ratio of 0.39x (TTM), a Price-to-Book (P/B) ratio of 2.34x (TTM), at a market cap of $325.80M. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: 13.88%
Gross Profit Margin TTM: 6.22%
Debt To Equity: 3.42x
P/S TTM: 0.39x
P/B TTM: 2.34x
Market Cap: $325.80M

Data as of 2026-03-31 · Source: SEC EDGAR

Frequently Asked Questions

What industry is MATRIX SERVICE CO in?

MATRIX SERVICE CO (MTRX) operates in the Construction - Special Trade Contractors industry.

What is MTRX's market cap?

MATRIX SERVICE CO (MTRX) has a market capitalization of $325.80M as of 2026-03-31.

What exchange does MTRX trade on?

MATRIX SERVICE CO (MTRX) trades on the Nasdaq.

Where is MATRIX SERVICE CO incorporated?

MATRIX SERVICE CO is incorporated in DE.