Matrix Service Company Income Statement 2025-2009 | MTRX

Brief overview of revenue and earnings at Matrix Service Company

The conclusions below are based on five years of reported results. Matrix Service Company reported revenue of 1.1 billion dollars in 2020 and 769 million dollars by 2025. Across the full period, sales moved by −30.1%; the average annual rate was −6.9%. The business finished the period with a smaller revenue base.

The five-year change in gross profit reached −61.2%: from 102 million dollars to 39.7 million dollars. Direct costs broadly followed the top-line trend. At the margin level, the figure shifted from 9.3% to 5.2%. The margin decline reflects a less favorable sales-and-cost structure.

The operating result measured by EBITDA moved from −17.5 million dollars to −25.1 million dollars, or −43.2%. EBITDA lagged revenue, showing weaker operating momentum. EBITDA margin moved from −1.6% to −3.3%. The EBITDA margin stayed near its previous level.

The net financial result changed from −$33.1 million to −$29.5 million. The negative result improved without reaching break-even.

Market value was $346 million at the start and $341 million at the end. Market value followed a broadly neutral trajectory.

Conclusion

The financial trajectory is weak and requires a cautious interpretation. The positive side is supported by a stronger final result. The weaker side of the profile includes a low EBITDA margin, limited revenue growth and a lower gross margin. The key question is whether sales can be converted into sustainable profit.