Matrix Service Balance Sheet Health
Financial Health criteria checks 5/6
Matrix Service has a total shareholder equity of $139.4M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $616.6M and $477.1M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$233.02m |
| Equity | US$139.42m |
| Total liabilities | US$477.13m |
| Total assets | US$616.55m |
Recent financial health updates
Recent updates
Narrative Update • Jun 07
MTRX: Profitability Turnaround And CFO Transition Will Support Share Repricing
Narrative Update on Matrix Service Analysts have kept their $20.00 price target on Matrix Service unchanged, with only minor model tweaks to the discount rate, revenue growth, profit margins, and future P/E assumptions to reflect updated views on the company’s risk profile and earnings power. What's in the News Matrix Service lowered full year fiscal 2026 revenue guidance to a range of $870 million to $890 million, with the mid point about 2% below the prior range midpoint of $875 million to $925 million.Narrative Update • May 20
MTRX: Profitability Inflection And Margin Improvement Will Support Share Repricing
Matrix Service's analyst price target has been reaffirmed at $20.00. Analysts point to a slightly higher assumed profit margin and a lower future P/E multiple as key factors behind the updated valuation framework.Narrative Update • Apr 29
MTRX: Bullish Initiation And 2026 Revenue Plan Will Support Repricing
Analysts have reiterated a $20.00 price target for Matrix Service, citing a modestly refined discount rate and earnings assumptions as they incorporate recent bullish Street research into their valuation work. Analyst Commentary Bullish Takeaways Bullish analysts link the reaffirmed US$20.00 target to updated earnings assumptions that reflect recent positive research.Narrative Update • Apr 12
MTRX: Reaffirmed 2026 Revenue Plan And New Leadership Will Support Repricing
Analysts have adjusted their price target on Matrix Service to $20.00 from $19.00, citing fresh bullish research that reflects updated assumptions for fair value and future P/E, while keeping revenue growth and profit margin expectations broadly consistent. Analyst Commentary Bullish Takeaways Bullish analysts point to the new US$20.00 price target as aligned with updated P/E assumptions that they view as reasonable for the company’s earnings profile.Narrative Update • Mar 28
MTRX: Bullish Initiation And 2026 Revenue Outlook Will Drive Repricing
Analysts have maintained their $19.00 price target on Matrix Service, citing a new bullish initiation and supporting views around the company’s earnings potential, which are reflected in assumptions such as a future P/E of about 36x. Analyst Commentary Bullish Takeaways Bullish analysts see the reaffirmed US$19.00 price target and a future P/E assumption of about 36x as consistent with expectations for the company to execute on earnings plans, rather than signaling a stretch valuation.Narrative Update • Mar 13
MTRX: Bullish Coverage And 2026 Revenue Outlook Will Support Future Repricing
Analysts have nudged their price target on Matrix Service to $19.00, citing a slightly lower discount rate and updated P/E assumptions following recent bullish Street research coverage. Analyst Commentary Bullish Takeaways Bullish analysts highlight that updated P/E assumptions still support the new US$19.00 price target, suggesting current earnings expectations can underpin the revised valuation framework.
New Narrative • Feb 27
Permitting Delays And Project Risks Will Challenge Data Center Power Upside Over Time
Catalysts About Matrix Service Matrix Service Company provides engineering, construction and maintenance services for critical energy, power, storage and industrial infrastructure. What are the underlying business or industry changes driving this perspective?Narrative Update • Feb 26
MTRX: Bullish Coverage Initiation Will Support Future Repricing Potential
Analysts have kept their $19.00 price target for Matrix Service steady, citing a bullish initiation of coverage along with relatively unchanged assumptions for growth, profitability, and forward P/E as the primary reasons for maintaining their view. Analyst Commentary Bullish Takeaways Bullish analysts view the new coverage and steady $19.00 target as consistent with their existing assumptions on growth, suggesting they see the current share price as aligned with their long term expectations.Narrative Update • Feb 12
MTRX: Higher Future P/E And 2026 Guidance Will Support Bullish Repricing
Analysts have lifted their price target on Matrix Service from $17.00 to $19.00, citing updated assumptions around discount rates, revenue growth, profit margins, and a higher future P/E multiple reflected in recent bullish research coverage. Analyst Commentary Bullish Takeaways Bullish analysts see the new price target of $19.00 as better aligned with updated assumptions on discount rates and future P/E, which they view as more in line with peers that have clearer earnings visibility.
New Narrative • Feb 12
LNG And Data Center Power Projects Will Drive A Stronger Future For This Contractor
Catalysts About Matrix Service Matrix Service Company provides engineering, construction and maintenance services for critical energy, power, mining and industrial infrastructure. What are the underlying business or industry changes driving this perspective?Analysis Article • Feb 08
Matrix Service Company Just Missed Earnings With A Surprise Loss - Here Are Analysts Latest Forecasts
There's been a major selloff in Matrix Service Company ( NASDAQ:MTRX ) shares in the week since it released its...Analysis Article • Nov 07
Sentiment Still Eluding Matrix Service Company (NASDAQ:MTRX)
Matrix Service Company's ( NASDAQ:MTRX ) price-to-sales (or "P/S") ratio of 0.4x may look like a pretty appealing...Seeking Alpha • Jun 20
Matrix Service Company: A Backdoor LNG Play
Summary Matrix Service Company has some positive attributes including improving margins, and a record $1.4B order backlog, despite a recent quarterly earnings miss. The company is benefiting from strong LNG related demand and grid upgrade trends, positioning it for long-term growth across its key segments. Matrix holds a pristine balance sheet with no long-term debt and $185M in cash, supporting stability during its transition back to profitability. An analysis around Matrix Service Company follows in the paragraphs below. Read the full article on Seeking AlphaAnalysis Article • May 14
Need To Know: The Consensus Just Cut Its Matrix Service Company (NASDAQ:MTRX) Estimates For 2026
The analysts covering Matrix Service Company ( NASDAQ:MTRX ) delivered a dose of negativity to shareholders today, by...New Narrative • May 13
Agile Restructuring And Focus On Electrical Infrastructure Will Streamline Operations
Organizational restructuring and strategic decentralization aim to enhance operational efficiency and drive revenue growth by capturing more projects and reallocating resources.Analysis Article • May 11
Matrix Service Company (NASDAQ:MTRX) Just Reported Earnings, And Analysts Cut Their Target Price
Matrix Service Company ( NASDAQ:MTRX ) just released its latest third-quarter report and things are not looking great...Analysis Article • Apr 28
Market Still Lacking Some Conviction On Matrix Service Company (NASDAQ:MTRX)
There wouldn't be many who think Matrix Service Company's ( NASDAQ:MTRX ) price-to-sales (or "P/S") ratio of 0.5x is...Analysis Article • Feb 11
Is Matrix Service Company (NASDAQ:MTRX) Potentially Undervalued?
Matrix Service Company ( NASDAQ:MTRX ), is not the largest company out there, but it received a lot of attention from a...Analysis Article • Jan 22
The Market Lifts Matrix Service Company (NASDAQ:MTRX) Shares 25% But It Can Do More
Despite an already strong run, Matrix Service Company ( NASDAQ:MTRX ) shares have been powering on, with a gain of 25...Analysis Article • Jan 17
Is Matrix Service Company (NASDAQ:MTRX) Trading At A 30% Discount?
Key Insights Using the 2 Stage Free Cash Flow to Equity, Matrix Service fair value estimate is US$20.61 Matrix...Seeking Alpha • Jul 31
Matrix Service Company Expected To Rise On Return To Profitability
Summary Matrix Service Company experienced a decline in revenue and profitability due to the COVID-19 pandemic but is now recovering. The company has a strong backlog of orders, deferred revenue, and tailwinds that are expected to drive revenue and earnings higher. I have a one-year price target of $15.30 for MTRX, representing a potential increase of over 50%. Read the full article on Seeking AlphaAnalysis Article • Jul 17
Cautious Investors Not Rewarding Matrix Service Company's (NASDAQ:MTRX) Performance Completely
When you see that almost half of the companies in the Construction industry in the United States have price-to-sales...Seeking Alpha • Feb 21
Matrix Service Company: Record Order Backlog In Latest Quarter
Summary Matrix Service Company stock has increased by over 80% in the past year despite posting losses in FY2023. The company operates in three business segments and is expected to benefit from the transition to a lower carbon future. Matrix Service Company's second quarter results showed a decrease in net losses, improved margins, and a record order backlog. An analysis around Matrix Service Company follows in the paragraphs below. Read the full article on Seeking AlphaAnalysis Article • Feb 16
Even With A 35% Surge, Cautious Investors Are Not Rewarding Matrix Service Company's (NASDAQ:MTRX) Performance Completely
Matrix Service Company ( NASDAQ:MTRX ) shareholders would be excited to see that the share price has had a great month...Analysis Article • Aug 23
Investors Still Aren't Entirely Convinced By Matrix Service Company's (NASDAQ:MTRX) Revenues Despite 26% Price Jump
Matrix Service Company ( NASDAQ:MTRX ) shares have continued their recent momentum with a 26% gain in the last month...Analysis Article • May 06
Matrix Service Company (NASDAQ:MTRX) Shares Could Be 44% Below Their Intrinsic Value Estimate
Key Insights Matrix Service's estimated fair value is US$9.77 based on 2 Stage Free Cash Flow to Equity Current share...Analysis Article • Mar 07
Is Matrix Service (NASDAQ:MTRX) Using Too Much Debt?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Feb 03
Should You Investigate Matrix Service Company (NASDAQ:MTRX) At US$8.83?
Matrix Service Company ( NASDAQ:MTRX ), might not be a large cap stock, but it led the NASDAQGS gainers with a...Analysis Article • Jan 06
Calculating The Intrinsic Value Of Matrix Service Company (NASDAQ:MTRX)
Key Insights Matrix Service's estimated fair value is US$8.1 based on 2 Stage Free Cash Flow to Equity Current share...Seeking Alpha • Oct 07
Matrix Service Non-GAAP EPS of -$0.52 misses by $0.22, revenue of $200.7M beats by $18.86M
Matrix Service press release (NASDAQ:MTRX): Q4 Non-GAAP EPS of -$0.52 misses by $0.22. Revenue of $200.7M (+14.8% Y/Y) beats by $18.86M. Backlog of $589.5 million, a 27% increase since the start of the fiscal year, excluding subsequent award for a 600-to-800-thousand barrel ethylene tank for a long-term Gulf Coast clientSeeking Alpha • Sep 30
Matrix Service Company receives Nasdaq notice for missing annual report
Matrix Service Company (NASDAQ:MTRX) has received a notice from Nasdaq on September 29, 2022, that it is not in compliance with listing standards as company did not file its annual report for year ended June 30. Nasdaq has provided the company with 60 calendar days, until November 28, 2022, to submit a plan to regain compliance.Seeking Alpha • Sep 11
Matrix: A Beaten-Down Industrials Name Reports Monday. More Bearish Action Likely
Summary The Industrials sector has seen bullish relative strength during the past year. One small construction company reports results Monday AMC, but a poor earnings beat rate history suggests bad news to come. The options market expects a big stock price move out of Matrix Services Company, and its technical chart is bearish.Financial Position Analysis
Short Term Liabilities: MTRX's short term assets ($412.0M) do not cover its short term liabilities ($460.2M).
Long Term Liabilities: MTRX's short term assets ($412.0M) exceed its long term liabilities ($16.9M).
Debt to Equity History and Analysis
Debt Level: MTRX is debt free.
Reducing Debt: MTRX had no debt 5 years ago.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable MTRX has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: MTRX is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 38.5% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/09 07:56 |
| End of Day Share Price | 2026/06/09 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Matrix Service Company is covered by 10 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | Argus Research Company |
| Fredric Buonocore | CJS Securities, Inc. |
| Brent Thielman | D.A. Davidson & Co. |