MTRX Stock Analysis: Matrix Service | NASDAQ
Engineering & Construction | NASDAQ, USA | Market Cap: 279m USD | 12M Return: -25.1% | US5768531056 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 4.52M
Qual. Beats: 0
Rev. Trend: 66.5%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Matrix Service Company (MTRX) is a Tulsa, Oklahoma-based engineering, fabrication, construction, and maintenance contractor founded in 1984, serving critical energy infrastructure and industrial clients primarily in the United States and Canada. The company operates through three segments: Storage and Terminal Solutions (cryogenic and specialty tanks, terminals, and related engineered products for LNG, NGLs, hydrogen, ammonia, and other commodities); Utility and Power Infrastructure (substation work, LNG peak shaving facilities, and natural gas-fired power generation construction); and Process and Industrial Facilities (plant maintenance, turnarounds, refinery upgrades, hydrogen processing facilities, and aerospace/defense infrastructure including thermal vacuum test chambers).
Classified within the GICS Oil & Gas Equipment & Services sub-industry, Matrix Service operates as a project-based EPFC (engineering, procurement, fabrication, and construction) contractor, with revenue tied to capital expenditure cycles of utilities, midstream operators, refiners, and industrial customers rather than commodity production. As a small-cap issuer with a market capitalization of approximately $393 million, it competes against larger diversified engineering and construction firms serving the energy value chain.
- LNG and NGL terminal demand drives Storage Solutions backlog growth
- Refinery turnaround timing swings Process and Industrial quarterly revenue
- Hydrogen and ammonia projects expand clean energy storage pipeline
| Net Income: -2.58m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA -18.05 > 1.0 |
| NWC/Revenue: -0.77% < 20% (prev -2.16%; Δ 1.38% < -1%) |
| CFO/TA 0.01 > 3% & CFO 6.91m > Net Income -2.58m |
| Net Debt (-203.5m) to EBITDA (6.85m): -29.70 < 3 |
| Current Ratio: 0.98 > 1.5 & < 3 |
| Outstanding Shares: last quarter (28.5m) vs 12m ago 2.30% < -2% |
| Gross Margin: 7.32% > 18% (prev 5.16%; Δ 2.16% > 0.5%) |
| Asset Turnover: 145.3% > 50% (prev 128.2%; Δ 17.10% > 0%) |
| Interest Coverage Ratio: -4.09 > 6 (EBIT TTM -1.79m / Interest Expense TTM 437k) |
| A: -0.01 (Total Current Assets 435.6m - Total Current Liabilities 442.4m) / Total Assets 602.6m |
| B: 0.00 (Retained Earnings 1.90m / Total Assets 602.6m) |
| C: -0.00 (EBIT TTM -1.79m / Avg Total Assets 601.4m) |
| D: 0.31 (Book Value of Equity 141.9m / Total Liabilities 460.8m) |
| Altman-Z'' = 0.24 = B |
| DSRI: 0.82 (Receivables 172.0m/184.9m, Revenue 873.6m/769.3m) |
| GMI: 0.70 (GM 5.16% / 7.32%) |
| AQI: 0.96 (AQ_t 0.19 / AQ_t-1 0.20) |
| SGI: 1.14 (Revenue 873.6m / 769.3m) |
| TATA: -0.02 (NI -2.58m - CFO 6.91m) / TA 602.6m) |
| Beneish M = -3.37 (Cap -4..+1) = AA |
As of September 25, 2026, the stock is trading at USD 9.80 with a total of 632,743 shares traded. Over the past week, the price has changed by -1.51%, over one month by -8.41%, over three months by -26.76% and over the past year by -25.13%.
Current recommended Stop Loss: 9.30 (which is 5.1% or 1.4 ATR below the current price).
Matrix Service has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy MTRX.
- StrongBuy: 1
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 16 | 63.3% |
P/E Forward = 17.1527
P/S = 0.3196
P/B = 1.9845
P/EG = 0.9531
Revenue TTM = 873.6m USD
EBIT TTM = -1.79m USD
EBITDA TTM = 6.85m USD
Long Term Debt = 15.1m USD (estimated: total debt 19.5m - short term 4.36m)
Short Term Debt = 4.36m USD (from shortTermDebt, last quarter)
Debt = 19.5m USD (from shortLongTermDebtTotal, last quarter) (leases 19.5m already included)
Net Debt = -203.5m USD (calculated: Debt 19.5m - CCE 223.0m)
Enterprise Value = 75.7m USD (279.2m + Debt 19.5m - CCE 223.0m)
Interest Coverage Ratio = -4.09 (Ebit TTM -1.79m / Interest Expense TTM 437k)
EV/FCF = 53.18x (Enterprise Value 75.7m / FCF TTM 1.42m)
FCF Yield = 1.88% (FCF TTM 1.42m / Enterprise Value 75.7m)
FCF Margin = 0.16% (FCF TTM 1.42m / Revenue TTM 873.6m)
Net Margin = -0.30% (Net Income TTM -2.58m / Revenue TTM 873.6m)
Gross Margin = 7.32% ((Revenue TTM 873.6m - Cost of Revenue TTM 809.7m) / Revenue TTM)
Gross Margin QoQ = 7.97% (prev 8.30%)
Tobins Q-Ratio = 0.13 (Enterprise Value 75.7m / Total Assets 602.6m)
Interest Expense / Debt = 2.25% (Interest Expense 437k / Debt 19.5m)
Taxrate = 7.23% (89.0k / 1.23m)
NOPAT = -1.66m (EBIT -1.79m * (1 - 7.23%)) [loss with tax shield]
Current Ratio = 0.98 (Total Current Assets 435.6m / Total Current Liabilities 442.4m)
Debt / Equity = 0.14 (Debt 19.5m / totalStockholderEquity, last quarter 141.9m)
Debt / EBITDA = -29.70 (Net Debt -203.5m / EBITDA 6.85m)
Debt / FCF = -142.9 (out of range, set to none) (Net Debt -203.5m / FCF TTM 1.42m)
Total Stockholder Equity = 138.8m (last 4 quarters mean from totalStockholderEquity)
RoA = -0.43% (Net Income -2.58m / Total Assets 602.6m)
RoE = -1.86% (Net Income TTM -2.58m / Total Stockholder Equity 138.8m)
RoCE = -1.16% (EBIT -1.79m / Capital Employed (Equity 138.8m + L.T.Debt 15.1m))
RoIC = -1.37% (negative operating profit) (NOPAT -1.66m / Invested Capital 120.9m)
WACC = 9.92% (E(279.2m)/V(298.7m) * Re(10.47%) + D(19.5m)/V(298.7m) * Rd(2.25%) * (1-Tc(0.07)))
Discount Rate = 10.47% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 98.41 | Cagr: 1.73%
[DCF] Terminal Value 67.45% ; FCFF base≈44.8m ; Y1≈39.3m ; Y5≈31.7m
[DCF] Fair Price = 21.49 (EV 404.6m - Net Debt -203.5m = Equity 608.1m / Shares 28.3m; r=9.92% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.04 | # QB: 0
Revenue Correlation: 66.45 | Revenue CAGR: 5.50% | SUE: -0.24 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.18 | Chg30d=+0.00% | Revisions=+0% | Analysts=2
EPS next Quarter (2026-12-31): EPS=0.17 | Chg30d=-8.11% | Revisions=-25% | Analysts=2
EPS current Year (2027-06-30): EPS=0.59 | Chg30d=-14.39% | Revisions=-25% | GrowthEPS=+128.8% | GrowthRev=+6.7%
EPS next Year (2028-06-30): EPS=0.69 | Chg30d=-12.03% | Revisions=-25% | GrowthEPS=+16.8% | GrowthRev=+5.7%
[Analyst] Revisions Ratio: -38% (up=1, down=4)