15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $769M | -$29M | 5.2% | -4.6% | $110M | — | $225M |
| 2024 | $728M | -$25M | 5.6% | -4.1% | $66M | — | $116M |
| 2023 | $795M | -$52M | 3.9% | -6.7% | $1M | — | $55M |
| 2022 | $708M | -$64M | -0.2% | -12.4% | -$58M | — | $52M |
| 2021 | $673M | -$31M | 4.9% | -6.5% | -$7M | — | $84M |
| 2020 | $1.1B | -$33M | 9.3% | -3.3% | $26M | — | $100M |
| 2019 | $1.4B | $28M | 9.3% | 2.7% | $22M | $5M | $90M |
| 2018 | $1.1B | -$11M | 8.4% | -1.0% | $66M | $0 | $64M |
| 2017 | $1.2B | -$183000 | 6.8% | 0.4% | -$31M | $45M | $44M |
| 2016 | $1.3B | $29M | 9.6% | 3.1% | $20M | $0 | $72M |
| 2015 | $1.3B | $17M | 6.5% | 0.7% | $10M | $9M | $79M |
| 2014 | $1.3B | $36M | 10.8% | 4.6% | $53M | $12M | $77M |
| 2013 | $893M | $24M | 10.6% | 4.1% | $34M | $0 | $64M |
| 2012 | $739M | $17M | 10.8% | 4.3% | -$11M | $0 | $64M |
| 2011 | $629M | $19M | 11.9% | 4.9% | $12M | — | $59M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $207M | $835000 | 8.3% | -0.5% | $33M | — | $233M |
| Dec '25 | $211M | -$894000 | 6.2% | -1.0% | $6M | — | $199M |
| Sep '25 | $212M | -$4M | 6.7% | -2.6% | -$28M | — | $192M |
| Jun '25 | $216M | -$11M | 3.8% | -6.0% | $38M | — | $225M |
| Mar '25 | $200M | -$3M | 6.4% | -2.5% | $29M | — | $186M |
| Dec '24 | $187M | -$6M | 5.8% | -3.4% | $33M | — | $157M |
| Sep '24 | $166M | -$9M | 4.7% | -6.5% | $10M | — | $125M |
| Jun '24 | $189M | -$4M | 6.6% | -2.8% | $46M | — | $116M |
| Mar '24 | $166M | -$15M | 3.4% | -8.7% | $20M | — | $70M |
| Dec '23 | $175M | -$3M | 6.0% | -2.9% | $29M | — | $47M |
| Sep '23 | $198M | -$3M | 6.0% | -2.7% | -$29M | — | $27M |
| Jun '23 | $206M | -$336000 | 7.1% | -1.3% | $5M | — | $55M |
| Mar '23 | $187M | -$13M | 2.4% | -6.8% | $17M | — | $48M |
| Dec '22 | $194M | -$33M | -0.7% | -16.7% | $16M | — | $31M |
| Sep '22 | $208M | — | 6.2% | -2.4% | -$37M | — | $14M |
| Jun '22 | $201M | — | 0.4% | -9.0% | -$34M | — | $52M |
| Mar '22 | $177M | — | -1.0% | -20.1% | -$35M | — | $34M |
| Dec '21 | $162M | — | 2.0% | -8.3% | $30M | — | $65M |
| Sep '21 | $168M | — | -2.1% | -12.3% | -$19M | — | $35M |
| Jun '21 | $175M | -$11M | 0.9% | -9.4% | $10M | — | $84M |
How the market has priced MTRX against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, MATRIX SERVICE CO's revenue has declined 6.9% per year. These are computed facts, not advice.
As of FY2025, MATRIX SERVICE CO reported — of total debt against $225M of cash; operating income covered interest expense -67.7×.
In FY2025, gross margin was 5.2%, operating margin -4.6%, and net margin -3.8%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.