Matrix Service (MTRX) Stock Overview
Provides engineering, fabrication, construction, and maintenance services to support critical energy infrastructure and industrial markets in the United States, Canada, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 3/6 |
| Past Performance | 0/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
MTRX Community Fair Values
Create NarrativeSee what 20 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Matrix Service Company Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$10.36 |
| 52 Week High | US$15.97 |
| 52 Week Low | US$9.70 |
| Beta | 0.99 |
| 1 Month Change | -11.75% |
| 3 Month Change | -24.43% |
| 1 Year Change | -20.61% |
| 3 Year Change | 12.61% |
| 5 Year Change | 2.57% |
| Change since IPO | 155.02% |
Recent News & Updates
Narrative Update • Sep 04
MTRX: Project Timing Reset Will Support Future Repricing Potential
Analysts have reduced their price target on Matrix Service to $16 from $24, citing updated expectations for project timing as well as lower long-term forecasts for revenue growth, profit margins, and future P/E assumptions. What’s in the News for Matrix Service Matrix Service Company announced it has been awarded the front-end engineering and design for the storage tank farm at America First Refining’s planned large-scale refining facility in Brownsville, Texas.Seeking Alpha • Jul 19
Matrix Service: Net Cash Floors A Turnaround Still Waiting On Bookings
Summary Matrix Service Company is rated Hold, with substantial net cash providing downside protection but weak bookings capping near-term upside. MTRX’s $233 million cash position underpins a floor near $8/share, while the operating business is valued at minimal enterprise value. Storage/LNG and Power/Data Center segments show margin and mix improvement, but backlog erosion and a 0.5x book-to-bill ratio limit conviction. I will consider buying if bookings exceed a 1.0x book-to-bill and backlog stabilizes; until then, the stock remains range-bound. Read the full article on Seeking AlphaRecent updates
Narrative Update • Sep 04
MTRX: Project Timing Reset Will Support Future Repricing Potential
Analysts have reduced their price target on Matrix Service to $16 from $24, citing updated expectations for project timing as well as lower long-term forecasts for revenue growth, profit margins, and future P/E assumptions. What’s in the News for Matrix Service Matrix Service Company announced it has been awarded the front-end engineering and design for the storage tank farm at America First Refining’s planned large-scale refining facility in Brownsville, Texas.Seeking Alpha • Jul 19
Matrix Service: Net Cash Floors A Turnaround Still Waiting On Bookings
Summary Matrix Service Company is rated Hold, with substantial net cash providing downside protection but weak bookings capping near-term upside. MTRX’s $233 million cash position underpins a floor near $8/share, while the operating business is valued at minimal enterprise value. Storage/LNG and Power/Data Center segments show margin and mix improvement, but backlog erosion and a 0.5x book-to-bill ratio limit conviction. I will consider buying if bookings exceed a 1.0x book-to-bill and backlog stabilizes; until then, the stock remains range-bound. Read the full article on Seeking AlphaNarrative Update • Jun 24
MTRX: Return To Profitability And CFO Transition Will Support Repricing
Analysts have maintained their $20.00 price target on Matrix Service, citing only minor adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions that do not materially change their overall valuation view. What’s in the News for Matrix Service Matrix Service updated full year fiscal 2026 revenue guidance to a range of $870 million to $890 million, with the midpoint 2% lower than the prior guidance range of $875 million to $925 million, after client and weather related delays pushed some project activity into later periods (Key Developments).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...Analysis 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...Shareholder Returns
| MTRX | US Construction | US Market | |
|---|---|---|---|
| 7D | -1.8% | 2.1% | -0.2% |
| 1Y | -20.6% | 36.3% | 14.8% |
Return vs Industry: MTRX underperformed the US Construction industry which returned 36.3% over the past year.
Return vs Market: MTRX underperformed the US Market which returned 14.8% over the past year.
Price Volatility
| MTRX volatility | |
|---|---|
| MTRX Average Weekly Movement | 5.4% |
| Construction Industry Average Movement | 9.4% |
| Market Average Movement | 6.9% |
| 10% most volatile stocks in US Market | 15.5% |
| 10% least volatile stocks in US Market | 2.9% |
Stable Share Price: MTRX has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: MTRX's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1984 | 2,370 | Shawn Payne | matrixservicecompany.com |
Matrix Service Company provides engineering, fabrication, construction, and maintenance services to support critical energy infrastructure and industrial markets in the United States, Canada, and internationally. It operates through three segments: Storage and Terminal Solutions, Utility and Power Infrastructure, and Process and Industrial Facilities. The Storage and Terminal Solutions segment offers engineering, procurement and construction (EPC), repair, and maintenance and fabrication services for liquid, cryogenic, and refrigerated storage and terminal facilities supporting energy markets, including LNG, NGLs, petroleum products, chemicals, hydrogen, and ammonia.
Matrix Service Company Fundamentals Summary
| MTRX fundamental statistics | |
|---|---|
| Market cap | US$302.16m |
| Earnings (TTM) | -US$2.58m |
| Revenue (TTM) | US$873.63m |
0.3x
P/S Ratio-113.6x
P/E RatioIs MTRX overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MTRX income statement (TTM) | |
|---|---|
| Revenue | US$873.63m |
| Cost of Revenue | US$809.68m |
| Gross Profit | US$63.95m |
| Other Expenses | US$66.53m |
| Earnings | -US$2.58m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.091 |
| Gross Margin | 7.32% |
| Net Profit Margin | -0.30% |
| Debt/Equity Ratio | 0% |
How did MTRX perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/10 00:17 |
| End of Day Share Price | 2026/09/10 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2026/06/30 |
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 |
| |
| Ownership | 10 years |
| |
| 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 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. |