MTRX
Matrix Service Company
MTRX's fundamentals are mixed: its operating margin went from −3.7% to 0%, but free cash flow turned negative. Its PE isn't a useful guide right now because of how its recent earnings were reported.
MTRX Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Under pressure | |
| Strong |
MTRX's profitability and balance sheet are currently healthy, and its revenue is stable, but its cash flow is under pressure.
MTRX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 14x | $9.26 | — |
| Cheap | 18x | $4.65 | -50% |
| Fair | 19x | $4.84 | -48% |
| Expensive | 22x | $5.74 | -38% |
| Current | 36x | $9.26 | — |
Historical ranges are pointers, not guarantees.
MTRX's PE is 36x, but its earnings don't support one, so it isn't a reliable read right now.
MTRX Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Stable | |
| Improving | |
| Limited | |
| Low |
Analysts expect MTRX's earnings to grow and its profitability to improve, with its revenue holding steady. However, they disagree widely on these estimates.
MTRX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.67 | +156% |
| Q3 2026 | $0.26 | +$1.12 |
| Q2 2026 | -$0.09 | +$0.97 |
| Q1 2026 | -$0.54 | +$0.27 |
| Q4 2025 | -$0.69 | +$0.53 |
| Q3 2025 | -$0.86 | +$0.26 |
| Q2 2025 | -$1.06 | -$0.15 |
| Q1 2025 | -$0.81 | -$0.05 |
| Q4 2024 | -$1.22 | -$0.52 |
MTRX has returned to profit: it earned $0.26 per share over the past year, after losing money the year before.
MTRX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $219.4M | +3.5% |
| Q2 2026 | $244.5M | +13% |
| Q1 2026 | $206.7M | +3.3% |
| Q4 2025 | $210.5M | +12% |
| Q3 2025 | $211.9M | +28% |
| Q2 2025 | $216.4M | +14% |
| Q1 2025 | $200.2M | +21% |
| Q4 2024 | $187.2M | +6.9% |
MTRX's revenue has grown year over year for eight quarters in a row: $219M last quarter, up 3.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 2% | +4.6 points |
| Q2 2026 | -0.4% | +5.6 points |
| Q1 2026 | -0.5% | +2 points |
| Q4 2025 | -1% | +2.4 points |
| Q3 2025 | -2.6% | +3.9 points |
| Q2 2025 | -6% | -3.1 points |
| Q1 2025 | -2.5% | +6.2 points |
| Q4 2024 | -3.4% | -0.5 points |
MTRX's operating margin was 2% last quarter, up 4.6 points from the same quarter a year ago, near the top of its range since 2019.
MTRX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$37.7M | -$9.8M |
| Q2 2026 | -$10.2M | -127% |
| Q1 2026 | $33.2M | +16% |
| Q4 2025 | $6.3M | -81% |
| Q3 2025 | -$27.9M | -380% |
| Q2 2025 | $38.4M | -16% |
| Q1 2025 | $28.7M | +43% |
| Q4 2024 | $32.7M | +12% |
MTRX's free cash flow was −$8M over the past year, against $72M the year before.
MTRX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.7% | +200K shares |
| 1 year | +1.7% | +487K shares |
| 3 years | +5.1% | +1.4M shares |
| 5 years | +7.1% | +1.9M shares |
| Available history | +5.8% | +1.6M shares |
MTRX has 28M diluted shares, up 1.7% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $2.5M |
| Q2 2021 | — |
| Q1 2021 | — |
| Q2 2020 | — |
| Q1 2020 | $7.1M |
MTRX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -21.9x | Net Cash |
| Q1 2020 | -10.3x | Net Cash |
| Q4 2019 | -3.7x | Net Cash |
MTRX has more cash than debt.
MTRX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.1 | Neutral |
| Stochastic | 18.8 | Oversold |
MTRX's weekly RSI is 34 (neutral) and its Stochastic is 19 (oversold).
MTRX PE vs Industrials Sector
| Metric | MTRX | Sector median | Relative |
|---|---|---|---|
| PE | 36x | 24x | 48% above |
MTRX is trading at 36x earnings, a 48% premium to the Industrials sector's median of 24x, though its earnings don't support one.
MTRX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.82 | 5.7% below |
| 20 week MA | $10.8 | 14% below |
| 50 week MA | $11.7 | 21% below |
| 100 week MA | $12.4 | 25% below |
| 200 week MA | $10.9 | 15% below |
MTRX is in a downtrend: it's below all five of its weekly moving averages, and 15% below its 200-week average.
MTRX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $22.4 | $11.7 | -48% |
| 2021 | $11.7 | $7.14 | -39% |
| 2022 | $7.14 | $6.16 | -14% |
| 2023 | $6.16 | $9.78 | +59% |
| 2024 | $9.78 | $11.9 | +22% |
| 2025 | $11.9 | $11.8 | -1.6% |
| 2026 YTD | $11.8 | $9.26 | -21% |
MTRX has finished lower in four of the last six years. It's down 21% so far in 2026.