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MT

Matrix Service Company

MTRXIndustrialsNASDAQ

Engineering & Construction

PriceMA150MA200
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Financials · Annual
Revenue
$769.3M
+5.6% YoY
Net Income
-$29.5M
-18.0% YoY
EBITDA
-$18.5M
-43.6% YoY
Free Cash Flow
$99.4M

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About Matrix Service Company

Matrix Service Company provides engineering, fabrication, construction, and maintenance services to support critical energy infrastructure and industrial markets in the United States, Canada, and. The company carries a $376.7M market cap, placing it firmly in the small-cap category. The company's Storage and Terminal Solutions segment offers engineering, procurement, fabrication, and construction services related to cryogenic, specialty tanks, and terminals for LNG, NGLs, hydrogen, ammonia, propane, butane, liquid nitrogen/liquid oxygen, and liquid petroleum; and plant work, truck and rail loading/offloading facilities, marine structures, and storage tank and terminal maintenance and repair, as well as undertakes work related to aboveground crude oil and refined product storage tanks and terminals.

Key stats
Market Cap$376.7M
Fwd P/E19.27
EPS$-0.53
Beta1.02
52W Change+7.9%
ROE-10.3%
Analysis

With $233.0M in cash and $18.7M in debt, MTRX maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. Annual free cash flow of $99.4M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. ROE of -10.3% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has been relatively flat, moving from $707.8M (2022) to $769.3M (2025).

With cash comfortably exceeding debt, MTRX has financial flexibility that may help navigate uncertain periods. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Matrix Service Company and its sector.

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