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  5. Income Statement
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Matrix Service Company MTRX
$ 10.02 0.64%
report update icon

Quarterly report 2026-Q4
added 09-03-2026

Matrix Service Company Income Statement 2026-2009 | 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.

Annual Income Statement Matrix Service Company

2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009

Market Cap

 299 M 341 M 289 M 245 M 108 M 184 M 346 M 494 M 527 M 283 M 441 M 519 M 731 M 412 M 275 M 368 M 244 M -

Shares

 28.3 M 27.8 M 27.4 M 27 M 26.7 M 26.5 M 26.6 M 26.9 M 26.8 M 26.5 M 26.6 M 26.6 M 26.3 M 26 M 25.9 M 26.4 M 26.3 M -

Historical Prices

 10.6 12.3 10.5 9.07 4.05 6.94 13.6 12.1 20.9 14.3 16.2 18.4 18.6 32.4 15.6 13.2 9.29 12.1

Net Income

 -2.58 M -29.5 M -25 M -52.4 M -63.9 M -31.2 M -33.1 M 28 M -11.5 M -183 K 28.9 M 17.2 M 35.8 M 24 M 17.2 M 19 M 5.29 M -

Revenue

 874 M 769 M 728 M 795 M 708 M 673 M 1.1 B 1.42 B 1.09 B 1.2 B 1.31 B 1.34 B 1.26 B 893 M 739 M 627 M 553 M -

Cost of Revenue

 810 M 730 M 688 M 764 M 709 M 641 M 999 M 1.28 B 1 B 1.12 B 1.19 B - - - - - - -

Gross Profit

 64 M 39.7 M 40.5 M 30.8 M -1.21 M 32.8 M 102 M 132 M 91.9 M 81 M 126 M 87.4 M 136 M 94.7 M 79.6 M 74.9 M 19.8 M -

Operating Income

 -9.62 M -35.1 M -30.1 M -52.9 M -87.9 M -43.7 M -36.6 M 37.9 M -10.5 M 4.86 M 40.9 M 8.8 M 58.6 M 36.7 M 31.6 M 30.9 M 8.63 M -

Interest Expense

 437 K 518 K 1.13 M 2.02 M 2.95 M 1.56 M 1.6 M 1.3 M 2.6 M 2.21 M 852 K 1.24 M 1.44 M 800 K 814 K 795 K 672 K -

EBITDA

 -978 K -25.1 M -19.1 M -39.2 M -72.6 M -25.9 M -17.5 M 56.2 M 27.9 M 26.5 M 62.3 M 32.3 M 77.1 M 49.5 M 43.1 M 42 M 20.4 M -

Operating Expenses

 - - - - - - - 94 M 84.4 M 76.1 M 85.1 M 78.6 M 77.9 M 58 M 48 M 44 M - -

General and Administrative Expenses

 63.6 M 71.2 M 70.1 M 68.2 M 67.7 M 69.8 M 86.3 M 94 M 84.4 M 76.1 M 85.1 M 78.6 M 77.9 M 58 M 48 M 44 M 45.2 M -

All numbers in USD currency

Quarterly Income Statement Matrix Service Company

2026-Q4 2026-Q3 2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

 - 28.4 M 28.4 M 28 M 28.4 M 28 M 27.6 M 27.8 M 27.8 M 27.6 M 27.3 M 27.4 M 27.4 M 27.1 M 27 M 27 M 27 M 26.9 M 26.9 M 26.8 M 26.7 M 26.6 M 26.7 M 26.5 M 26.5 M 26.3 M 26.5 M 26.3 M 26.9 M 26.9 M 26.9 M 26.9 M 27 M 26.9 M 27 M 26.9 M 26.8 M 26.7 M 26.8 M 26.7 M 26.6 M 26.4 M 26.6 M 26.4 M 26.7 M 26.5 M 26.7 M 26.5 M 26.6 M 26.5 M 26.6 M 26.5 M 26.2 M 26.1 M 26.2 M 26.1 M 25.9 M 25.8 M 25.9 M 25.8 M 25.8 M 26.4 M 25.8 M 26.4 M

Net Income

 - 835 K -894 K -3.66 M -894 K -3.66 M - -3.43 M -5.53 M -9.22 M - -14.6 M -2.85 M -3.17 M - -12.7 M -32.8 M -6.51 M -39.3 M -34.9 M -24.9 M -17.5 M -42.5 M -12.9 M -4.59 M -3.04 M -5.72 M -5.5 M -28 M 6.15 M 12.8 M 6.15 M 3.93 M 2.3 M 3.93 M 2.3 M 4.53 M 3.82 M 4.53 M 3.82 M 5.25 M 9.34 M 5.25 M 9.34 M 5.43 M 9.94 M 5.43 M 9.94 M 3.29 M 5.91 M 3.29 M 5.91 M 10.3 M 6.55 M 10.3 M 6.55 M 5.44 M 4.68 M 5.44 M 4.68 M 7.03 M 3.51 M 7.03 M 3.51 M

Revenue

 - 207 M 211 M 212 M 211 M 212 M - 200 M 187 M 166 M - 166 M 175 M 198 M - 187 M 194 M 208 M 402 M 177 M 162 M 168 M 330 M 148 M 167 M 183 M 167 M 183 M 319 M 338 M 319 M 338 M 341 M 319 M 341 M 319 M 283 M 270 M 283 M 270 M 313 M 342 M 314 M 348 M 326 M 320 M 326 M 320 M 345 M 323 M 345 M 323 M 311 M 227 M 311 M 227 M 222 M 211 M 222 M 211 M 201 M 171 M - -

Cost of Revenue

 - 190 M 197 M 198 M 197 M 198 M - 187 M 176 M 158 M - 160 M 164 M 186 M - 182 M 195 M 195 M 391 M 179 M 159 M 172 M 330 M 147 M 152 M 168 M 152 M 168 M 289 M 306 M 289 M 306 M 313 M 295 M 313 M 295 M 256 M 241 M - - - - - - - - - - - - - - - - - - - - - - - - - -

Gross Profit

 - 17.2 M 13.1 M 14.2 M 13.1 M 14.2 M - 12.8 M 10.9 M 7.81 M - 5.58 M 10.6 M 11.9 M - 4.42 M -1.3 M 13 M 11.7 M -1.76 M 3.21 M -3.51 M -301 K 1.56 M 15.3 M 14.4 M 15.3 M 14.4 M 30 M 32.5 M 30 M 32.5 M 27.9 M 23.4 M 27.9 M 23.4 M 26.7 M 28.9 M 26.7 M 28.9 M 28.2 M 32.3 M 28.2 M 32.3 M 30 M 34.6 M 30 M 34.6 M 16 M 28.4 M 16 M 28.4 M 34.2 M 25.5 M 34.2 M 25.5 M 22.3 M 22.2 M 22.3 M 22.2 M 23.1 M 18.1 M 23.1 M 18.1 M

Operating Income

 - -1.05 M -2.18 M -5.5 M -2.18 M -5.5 M - -5 M -6.39 M -10.8 M - -14.4 M -5.14 M -5.25 M - -12.8 M -32.4 M -5.09 M -37.5 M -35.5 M -13.4 M -20.7 M -34.2 M -17.5 M -6.46 M -3.46 M -6.46 M -3.46 M -31.7 M 8.77 M -31.7 M 8.77 M 5.53 M 2.22 M 5.53 M 2.22 M 5.17 M 7.32 M 5.17 M 7.32 M 8.24 M 14.3 M 8.24 M 14.3 M 4.94 M 15.1 M 4.94 M 15.1 M -3.67 M 8.55 M -3.67 M 8.55 M 14.8 M 10.8 M 14.8 M 10.8 M 8.72 M 7.92 M 8.77 M 7.92 M 11.2 M 6.61 M 11.2 M 6.61 M

Interest Expense

 - 85 K 118 K 127 K 118 K 127 K - 134 K 145 K 89 K - 143 K 319 K 325 K - 268 K 916 K 372 K 1.29 M 204 K 502 K 2 M 2.5 M 322 K 358 K 375 K 358 K 375 K 444 K 389 K 444 K 389 K 361 K 292 K 361 K 292 K 819 K 618 K 819 K 618 K 497 K 243 K 497 K 243 K 252 K 263 K 252 K 263 K 300 K 351 K 300 K 351 K 351 K 223 K 351 K 223 K 217 K 183 K 217 K 183 K 166 K 277 K 166 K 277 K

EBITDA

 - 963 K 53 K -3.04 M 53 K -3.04 M - - -3.88 M -8.25 M - - - -2.34 M - -12.4 M -32 M -1.45 M -30.4 M -35.1 M -13 M -16.7 M -26.3 M -16.9 M -5.96 M 1.18 M 2.83 M 1.18 M -30.8 M 13.6 M -22 M 13.6 M 6.33 M 6.76 M 14.7 M 6.76 M 6.57 M 12.9 M 16.1 M 12.9 M 9.24 M 19.2 M 18.2 M 19.2 M 5.74 M 20.5 M 15.7 M 20.5 M -3.67 M 14.3 M 7.87 M 14.3 M 14.8 M 14.5 M 22.4 M 14.5 M 8.92 M 10.8 M 14.6 M 10.8 M 11.2 M 9.44 M 16.9 M 9.44 M

General and Administrative Expenses

 - 15.2 M 15.1 M 16.3 M 15.1 M 16.3 M - 17.7 M 17.3 M 18.6 M - 19.9 M 15.7 M 17.1 M - 16.9 M 17.5 M 16.8 M 34.4 M 17 M 15.9 M 16.6 M 32.6 M 17.2 M 16.7 M 18.1 M 16.7 M 18.1 M 23.2 M 23.7 M 23.2 M 23.7 M 22.4 M 21.2 M 22.4 M 21.2 M 21.5 M 21.6 M 21.5 M 21.6 M 20 M 18 M 20 M 18 M 25.1 M 19.5 M 25.1 M 19.5 M 19.6 M 19.8 M 19.6 M 19.8 M 19.3 M 14.7 M 19.3 M 14.7 M 13.6 M 14.3 M 13.6 M 14.3 M 11.9 M 11.5 M 11.9 M 11.5 M

All numbers in USD currency

The income statement is one of the three key financial reports of a company Matrix Service Company (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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