MTRX Stock Analysis: Matrix Service | NASDAQ
Engineering & Construction | NASDAQ, USA | Market Cap: 353m USD | 12M Return: -7.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.17M
Qual. Beats: 0
Rev. Trend: 39.4%
Qual. Beats: -1
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 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: -15.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA -10.93 > 1.0 |
| NWC/Revenue: -5.70% < 20% (prev 0.21%; Δ -5.91% < -1%) |
| CFO/TA 0.09 > 3% & CFO 56.4m > Net Income -15.0m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 0.90 > 1.5 & < 3 |
| Outstanding Shares: last quarter (28.3m) vs 12m ago 1.53% < -2% |
| Gross Margin: 6.22% > 18% (prev 5.93%; Δ 0.29% > 0.5%) |
| Asset Turnover: 137.4% > 50% (prev 121.0%; Δ 16.48% > 0%) |
| Interest Coverage Ratio: -28.75 > 6 (EBIT TTM -13.8m / Interest Expense TTM 480k) |
| A: -0.08 (Total Current Assets 412.0m - Total Current Liabilities 460.2m) / Total Assets 616.5m |
| B: 0.00 (Retained Earnings 757k / Total Assets 616.5m) |
| C: -0.02 (EBIT TTM -13.8m / Avg Total Assets 615.1m) |
| D: 0.29 (Book Value of Equity 139.4m / Total Liabilities 477.1m) |
| Altman-Z'' = -0.35 = B |
| DSRI: 0.59 (Receivables 164.0m/244.1m, Revenue 845.5m/742.4m) |
| GMI: 0.95 (GM 5.93% / 6.22%) |
| AQI: 1.39 (AQ_t 0.25 / AQ_t-1 0.18) |
| SGI: 1.14 (Revenue 845.5m / 742.4m) |
| TATA: -0.12 (NI -15.0m - CFO 56.4m) / TA 616.5m) |
| Beneish M = -3.09 (Cap -4..+1) = AA |
As of July 09, 2026, the stock is trading at USD 12.57 with a total of 279,212 shares traded. Over the past week, the price has changed by -8.25%, over one month by -8.05%, over three months by +3.97% and over the past year by -7.64%.
Current recommended Stop Loss: 11.30 (which is 10.1% or 2.3 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 | 20 | 59.1% |
P/E Forward = 21.5983
P/S = 0.4169
P/B = 2.5285
P/EG = 1.2002
Revenue TTM = 845.5m USD
EBIT TTM = -13.8m USD
EBITDA TTM = -4.62m USD
Long Term Debt = 14.1m USD (estimated: total debt 18.7m - short term 4.58m)
Short Term Debt = 4.58m USD (from shortTermDebt, last quarter)
Debt = 18.7m USD (from shortLongTermDebtTotal, last quarter) (leases 18.7m already included)
Net Debt = -214.3m USD (calculated: Debt 18.7m - CCE 233.0m)
Enterprise Value = 138.2m USD (352.5m + Debt 18.7m - CCE 233.0m)
Interest Coverage Ratio = -28.75 (Ebit TTM -13.8m / Interest Expense TTM 480k)
EV/FCF = 2.76x (Enterprise Value 138.2m / FCF TTM 50.1m)
FCF Yield = 36.23% (FCF TTM 50.1m / Enterprise Value 138.2m)
FCF Margin = 5.92% (FCF TTM 50.1m / Revenue TTM 845.5m)
Net Margin = -1.77% (Net Income TTM -15.0m / Revenue TTM 845.5m)
Gross Margin = 6.22% ((Revenue TTM 845.5m - Cost of Revenue TTM 792.9m) / Revenue TTM)
Gross Margin QoQ = 8.30% (prev 6.24%)
Tobins Q-Ratio = 0.22 (Enterprise Value 138.2m / Total Assets 616.5m)
Interest Expense / Debt = 2.57% (Interest Expense 480k / Debt 18.7m)
Taxrate = 4.02% (35.0k / 870k)
NOPAT = -13.2m (EBIT -13.8m * (1 - 4.02%)) [loss with tax shield]
Current Ratio = 0.90 (Total Current Assets 412.0m / Total Current Liabilities 460.2m)
Debt / Equity = 0.13 (Debt 18.7m / totalStockholderEquity, last quarter 139.4m)
Debt / EBITDA = 46.38 (negative EBITDA) (Net Debt -214.3m / EBITDA -4.62m)
Debt / FCF = -4.28 (Net Debt -214.3m / FCF TTM 50.1m)
Total Stockholder Equity = 139.0m (last 4 quarters mean from totalStockholderEquity)
RoA = -2.44% (Net Income -15.0m / Total Assets 616.5m)
RoE = -10.79% (Net Income TTM -15.0m / Total Stockholder Equity 139.0m)
RoCE = -9.01% (EBIT -13.8m / Capital Employed (Equity 139.0m + L.T.Debt 14.1m))
RoIC = -11.16% (negative operating profit) (NOPAT -13.2m / Invested Capital 118.7m)
WACC = 9.75% (E(352.5m)/V(371.2m) * Re(10.14%) + D(18.7m)/V(371.2m) * Rd(2.57%) * (1-Tc(0.04)))
Discount Rate = 10.14% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 100.00 | Cagr: 1.42%
[DCF] Terminal Value 68.03% ; FCFF base≈76.8m ; Y1≈67.4m ; Y5≈54.4m
[DCF] Fair Price = 32.85 (EV 709.8m - Net Debt -214.3m = Equity 924.2m / Shares 28.1m; r=9.75% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.25 | # QB: 0
Revenue Correlation: 39.44 | Revenue CAGR: 2.79% | SUE: -2.15 | # QB: -1
EPS current Quarter (2026-09-30): EPS=0.18 | Chg30d=-14.29% | Revisions=+0% | Analysts=2
EPS current Year (2026-06-30): EPS=0.25 | Chg30d=+66.67% | Revisions=-25% | GrowthEPS=+126.9% | GrowthRev=+13.9%
EPS next Year (2027-06-30): EPS=0.69 | Chg30d=+0.00% | Revisions=+25% | GrowthEPS=+178.0% | GrowthRev=+8.2%
[Analyst] Revisions Ratio: +0% (up=1, down=1)