(MTRX) Matrix Service - Ratings and Ratios
Tanks, Terminals, Substations, Refineries, LNG
MTRX EPS (Earnings per Share)
MTRX Revenue
Description: MTRX Matrix Service October 25, 2025
Matrix Service Company (NASDAQ:MTRX) delivers engineering, fabrication, construction, and maintenance solutions for critical energy and industrial infrastructure across the United States, Canada, and select international markets. Founded in 1984 and headquartered in Tulsa, Oklahoma, the firm operates within the Oil & Gas Equipment & Services sub-industry.
The **Storage and Terminal Solutions** segment focuses on cryogenic and specialty tanks for LNG, NGLs, hydrogen, ammonia, and other liquids, plus associated loading/off-loading facilities, marine structures, and maintenance services. Notable product lines include geodesic domes, aluminum internal floating roofs, and advanced floating-roof sealing systems.
The **Utility and Power Infrastructure** segment builds and upgrades substations, delivers LNG peak-shaving facilities, and constructs natural-gas-fired power generation assets, positioning the business to benefit from rising grid-modernization spend.
The **Process and Industrial Facilities** segment provides plant turnarounds, refinery upgrades, hydrogen-processing retrofits, and specialized infrastructure for aerospace and defense, expanding the company’s exposure beyond traditional oil-and-gas services.
**Key metrics & drivers (as of Q2 2024):**
- 2023 revenue of $1.08 bn, with a 12 % YoY increase driven largely by LNG-related contracts.
- Backlog of approximately $650 m, indicating roughly six months of booked work at current execution rates.
- Exposure to the hydrogen economy: the company secured two multi-year contracts for hydrogen-storage tanks, aligning with the projected 15 % CAGR in global hydrogen demand through 2030.
- Sector-wide catalyst: U.S. federal infrastructure legislation is expected to boost capital spending on grid upgrades and LNG terminal capacity by an estimated $30 bn over the next five years, directly supporting MTRX’s utility and storage segments.
For a deeper quantitative assessment of MTRX’s valuation dynamics, you may find it worthwhile to explore the analytical tools on ValueRay.
MTRX Stock Overview
| Market Cap in USD | 359m |
| Sub-Industry | Oil & Gas Equipment & Services |
| IPO / Inception | 1990-09-26 |
MTRX Stock Ratings
| Growth Rating | 61.6% |
| Fundamental | 43.4% |
| Dividend Rating | - |
| Return 12m vs S&P 500 | 5.42% |
| Analyst Rating | 5.0 of 5 |
MTRX Dividends
Currently no dividends paidMTRX Growth Ratios
| Growth Correlation 3m | -72.4% |
| Growth Correlation 12m | 29.4% |
| Growth Correlation 5y | 34.4% |
| CAGR 5y | 43.40% |
| CAGR/Max DD 3y (Calmar Ratio) | 0.89 |
| CAGR/Mean DD 3y (Pain Ratio) | 2.49 |
| Sharpe Ratio 12m | 0.60 |
| Alpha | 4.99 |
| Beta | 1.071 |
| Volatility | 48.01% |
| Current Volume | 351k |
| Average Volume 20d | 226.9k |
| Stop Loss | 13.5 (-4.7%) |
| Signal | 0.55 |
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income (-29.5m TTM) > 0 and > 6% of Revenue (6% = 46.2m TTM) |
| FCFTA 0.18 (>2.0%) and ΔFCFTA 3.78pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -2.16% (prev 5.01%; Δ -7.17pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.20 (>3.0%) and CFO 117.5m > Net Income -29.5m (YES >=105%, WARN >=100%) |
| NO Net Debt/EBITDA fails (EBITDA <= 0) |
| Current Ratio 0.96 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (27.9m) change vs 12m ago 1.59% (target <= -2.0% for YES) |
| Gross Margin 5.16% (prev 5.56%; Δ -0.40pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 146.3% (prev 161.3%; Δ -15.03pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio -34.37 (EBITDA TTM -19.7m / Interest Expense TTM 518.0k) >= 6 (WARN >= 3) |
Altman Z'' -0.40
| (A) -0.03 = (Total Current Assets 419.8m - Total Current Liabilities 436.4m) / Total Assets 600.3m |
| (B) 0.01 = Retained Earnings (Balance) 4.48m / Total Assets 600.3m |
| (C) -0.03 = EBIT TTM -17.8m / Avg Total Assets 525.8m |
| (D) -0.01 = Book Value of Equity -4.64m / Total Liabilities 457.5m |
| Total Rating: -0.40 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 43.35
| 1. Piotroski 3.0pt = -2.0 |
| 2. FCF Yield 70.60% = 5.0 |
| 3. FCF Margin 14.27% = 3.57 |
| 4. Debt/Equity 0.15 = 2.49 |
| 5. Debt/Ebitda -1.09 = -2.50 |
| 6. ROIC - WACC (= -21.76)% = -12.50 |
| 7. RoE -19.58% = -2.50 |
| 8. Rev. Trend -8.20% = -0.61 |
| 9. EPS Trend 48.20% = 2.41 |
What is the price of MTRX shares?
Over the past week, the price has changed by +10.80%, over one month by +8.17%, over three months by -5.79% and over the past year by +24.76%.
Is Matrix Service a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of MTRX is around 13.64 USD . This means that MTRX is currently overvalued and has a potential downside of -3.67%.
Is MTRX a buy, sell or hold?
- Strong Buy: 1
- Buy: 0
- Hold: 0
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the MTRX price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 16.5 | 16.5% |
| Analysts Target Price | 16.5 | 16.5% |
| ValueRay Target Price | 15.3 | 8.3% |
MTRX Fundamental Data Overview October 20, 2025
P/E Forward = 34.7222
P/S = 0.4663
P/B = 2.5115
P/EG = 1.9299
Beta = 1.071
Revenue TTM = 769.3m USD
EBIT TTM = -17.8m USD
EBITDA TTM = -19.7m USD
Long Term Debt = 21.4m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 4.44m USD (from shortTermDebt, last quarter)
Debt = 21.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 21.4m USD (from netDebt column, last quarter)
Enterprise Value = 155.5m USD (358.7m + Debt 21.4m - CCE 224.6m)
Interest Coverage Ratio = -34.37 (Ebit TTM -17.8m / Interest Expense TTM 518.0k)
FCF Yield = 70.60% (FCF TTM 109.8m / Enterprise Value 155.5m)
FCF Margin = 14.27% (FCF TTM 109.8m / Revenue TTM 769.3m)
Net Margin = -3.83% (Net Income TTM -29.5m / Revenue TTM 769.3m)
Gross Margin = 5.16% ((Revenue TTM 769.3m - Cost of Revenue TTM 729.6m) / Revenue TTM)
Gross Margin QoQ = 3.75% (prev 6.42%)
Tobins Q-Ratio = 0.26 (Enterprise Value 155.5m / Total Assets 600.3m)
Interest Expense / Debt = 0.70% (Interest Expense 150.0k / Debt 21.4m)
Taxrate = -4.14% (negative due to tax credits) (448.0k / -10.8m)
NOPAT = -18.5m (EBIT -17.8m * (1 - -4.14%)) [loss with tax shield] [negative tax rate / tax credits]
Current Ratio = 0.96 (Total Current Assets 419.8m / Total Current Liabilities 436.4m)
Debt / Equity = 0.15 (Debt 21.4m / totalStockholderEquity, last quarter 142.7m)
Debt / EBITDA = -1.09 (negative EBITDA) (Net Debt 21.4m / EBITDA -19.7m)
Debt / FCF = 0.20 (Net Debt 21.4m / FCF TTM 109.8m)
Total Stockholder Equity = 150.5m (last 4 quarters mean from totalStockholderEquity)
RoA = -4.91% (Net Income -29.5m / Total Assets 600.3m)
RoE = -19.58% (Net Income TTM -29.5m / Total Stockholder Equity 150.5m)
RoCE = -10.36% (EBIT -17.8m / Capital Employed (Equity 150.5m + L.T.Debt 21.4m))
RoIC = -12.32% (negative operating profit) (NOPAT -18.5m / Invested Capital 150.5m)
WACC = 9.44% (E(358.7m)/V(380.1m) * Re(9.96%) + D(21.4m)/V(380.1m) * Rd(0.70%) * (1-Tc(-0.04)))
Discount Rate = 9.96% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.92%
[DCF Debug] Terminal Value 75.47% ; FCFE base≈92.1m ; Y1≈113.6m ; Y5≈193.8m
Fair Price DCF = 84.21 (DCF Value 2.36b / Shares Outstanding 28.1m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 48.20 | EPS CAGR: 230.9% | SUE: -0.09 | # QB: 0
Revenue Correlation: -8.20 | Revenue CAGR: 1.37% | SUE: -1.30 | # QB: 0
Additional Sources for MTRX Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle