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Nasdaq · Industrials

Matrix Service Co. (MTRX)

As-reported financials and SEC filings for Matrix Service Co. The latest annual period is FY2026. The latest reported quarter is Q4 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Matrix Service Co.

Matrix Service Company provides engineering, fabrication, construction, and maintenance services for energy infrastructure and industrial markets. Its main products and services include storage and terminal solutions, utility and power infrastructure projects, and process and industrial facility maintenance and upgrades. The company serves customers across the United States, Canada, and other international locations, primarily in the energy, utility, and industrial sectors.

Snapshot

Revenue
$873.6M
Revenue growth (YoY)
13.6%
Net income
$-2.6M
Diluted EPS
$-0.09
Gross margin
7.3%
Operating margin
-1.1%
Net margin
-0.3%
FCF margin
0.2%
ROE
-1.8%
net income / fiscal-year-end equity
P/E
n/m
not meaningful: a reported loss in the fiscal year or the trailing twelve months
Market cap
$297.9M
Long-term debt / equity
—
non-current term debt only

Fundamentals are from SEC filings for FY2026, the latest annual period (ended June 30, 2026). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Matrix Service

  • Revenue grew 13.6% to $874M in FY2026, faster than the 5.6% the year before.
  • Operating margin is -1.1% in FY2026, +11.3 pp against -12.4% in FY2022.
  • Most recent quarter Q4 FY2026: revenue $245M, up 13.0% from Q4 FY2025.
  • Free cash flow was $1M in FY2026, 0.2% of revenue.
  • Net loss narrowed to $3M in FY2026, from $29M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Matrix Service’s fundamentals sit among the 668 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin7.3%
10th percentile of 455
Operating margin-1.1%
27th percentile of 598
Net margin-0.3%
30th percentile of 630
FCF margin0.2%
29th percentile of 546
Revenue growth (YoY)+13.6%
73rd percentile of 652
ROE-1.8%
29th percentile of 590
Short interest2.17d
30th percentile of 661

Matrix Service’s gross margin of 7.3% ranks in the 10th percentile of the 455 Industrials companies reporting it.

No reported insider transactions (codes P/S) in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+7 quant / multi-strat
Initiated / added
6
0 new, 6 added
Reduced / exited
2
2 trimmed, 0 exited
Combined position
$48.2M
reported long value
InvestorAs ofPosition valueSharesChange
First Eagle Investment ManagementQ2 2026$13.6M990.2KAdded
Two Sigma InvestmentsquantQ2 2026$10.2M748.1KAdded
AQR Capital ManagementquantQ2 2026$8.1M594.2KAdded
Citadel AdvisorsquantQ2 2026$5.8M426.0KReduced
D. E. ShawquantQ2 2026$3.9M287.6KAdded
Renaissance TechnologiesquantQ2 2026$3.9M282.6KAdded
Millennium ManagementquantQ2 2026$1.9M135.8KReduced
Point72 Asset ManagementquantQ2 2026$775,29756.6KAdded

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
—
code P value
Sells (90d)
0
—
Reported activity
Quiet
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-06-15
Kevin S. CavanahVP Finance & CFOSell1.4K$14.03$20K
2026-06-12
filed 2026-06-15
Justin D. SheetsSVP, Enterprise ServicesSell17.0K$13.50$229K
2026-06-12
filed 2026-06-15
Kevin S. CavanahVP Finance & CFOSell2.1K$14.00$29K
2026-06-05
filed 2026-06-08
Kevin S. CavanahVP Finance & CFOSell6.5K$14.13$92K
2026-06-04
filed 2026-06-08
Kevin S. CavanahVP Finance & CFOSell50.0K$14.10$705K
2026-05-26
Kevin S. CavanahVP Finance & CFOSell60.0K$12.90$774K
2026-05-08
filed 2026-05-12
John R. HewittPresident & CEOSell36.0K$12.50$450K

Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
1.1M
settled 2026-09-30
Change vs prior
-0.4%
vs previous settlement
Days to cover
2.17
at avg daily volume
Avg daily volume
528.5K
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-301.1M-0.4%2.17
2026-09-151.2M+9.6%2.56
2026-08-311.0M+46.5%4.20
2026-08-14716.9K+8.5%4.07
2026-07-31660.7K+2.5%3.75
2026-07-15644.4K-14.7%3.09
2026-06-30755.1K+17.9%2.43
2026-06-15640.6K+16.5%2.61

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2026FY2025FY2024FY2023FY2022
Revenue$873.6M$769.3M$728.2M$795.0M$707.8M
Gross profit
Operating income$-9.6M$-35.1M$-30.1M$-52.9M$-87.9M
Net income$-2.6M$-29.5M$-25.0M$-52.4M$-63.9M
Diluted EPS$-0.09$-1.06$-0.91$-1.94$-2.39

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2026FY2025FY2024FY2023FY2022
Cash and equivalents$223.0M$224.6M$115.6M$54.8M$52.4M
Current assets$435.6M$419.8M$301.6M$262.3M$287.4M
Total assets$602.6M$600.3M$451.4M$400.5M$440.8M
Current liabilities$442.4M$436.4M$265.1M$187.5M$177.8M
Long-term debt—————
Total liabilities$460.8M$457.5M$287.2M$219.0M$213.1M
Total equity$141.9M$142.7M$164.2M$181.5M$227.7M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2026FY2025FY2024FY2023FY2022
Operating cash flow$6.9M$117.5M$72.6M$10.2M$-54.2M
Capital expenditure$5.5M$7.7M$7.0M$9.0M$3.3M
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q4 FY202613.0%
Q3 FY2026$206.7M3.3%$835,000$0.03
Q2 FY2026$210.5M12.5%$-894,000$-0.03
Q1 FY2026$211.9M28.0%$-3.7M$-0.13
Q4 FY202514.2%
Q3 FY2025$200.2M20.6%$-3.4M$-0.12
Q2 FY2025$187.2M6.9%$-5.5M$-0.20
Q1 FY2025$165.6M-16.2%$-9.2M$-0.33

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNasdaq
SectorIndustrials
SIC industryConstruction - Special Trade Contractors
Latest annual periodFY2026 (ended June 30, 2026)
Latest reported quarterQ4 FY2026 (ended June 30, 2026)
Oldest indexed filing2010
SEC CIK866273

Selected SEC filings

10-K2026-09-03
View on EDGAR →
10-Q2026-05-07
View on EDGAR →
10-Q2026-02-05
View on EDGAR →
10-Q2025-11-06
View on EDGAR →
8-K2026-09-02
View on EDGAR →
8-K2026-07-02
View on EDGAR →
8-K2026-05-06
View on EDGAR →
8-K2026-04-30
View on EDGAR →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.