Matrix Service Co. (MTRX)
NASDAQIndustrialsEngineering & ConstructionSnapshot 2026-09-04
$10.62+0.66%
Close 2026-09-04 · 1-day change
NASDAQIndustrialsEngineering & ConstructionSnapshot 2026-09-04
QuarterlyIQ Insights · MTRX
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Focus on profitable growth by converting backlog into revenue with strong project execution and improved cost structure.
Stated as a priority in 3 of last 3 quarters. Revenue grew from $206.7M in 2026-Q3 to $244.5M in 2026-Q4 (+13% YoY in Q4), with adjusted EBITDA turning positive and net income positive in last two quarters. Management is delivering on profitable growth and project execution focus.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 3 of the last 3 quarter-over-quarter moves. Historically, Industrials names rated weak grew net income 53% of the time over the next year (vs 58% for the rest of the cohort, n=6963).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“CEO: 'Revenue grew 13% year over year... strong project execution... second consecutive quarter of profitable growth.'”
“CEO: 'Our team demonstrated strong project execution and operational focus, culminating in a return to profitability.'”
“CEO: 'Focused on continuous improvement and delivering sustainable profitable growth.'”
Prioritize backlog growth and secure high-value project awards to support future revenue streams.
Stated in 3 of last 3 quarters. Backlog was $1.0B in 2026-Q3 and $953.2M in 2026-Q4; project awards increased from $108.3M in Q3 to $169.0M in Q4. Despite slight backlog decline, management continues to secure high-value awards, supporting backlog growth priority.
“Secured nearly $170 million of project awards in the fourth quarter; backlog $953.2 million.”
“Backlog was $1.0 billion as of March 31, 2026; project awards totaled $108.3 million in Q3.”
“Opportunity pipeline remains healthy at more than $6.9 billion reflecting multi-year opportunities.”
Reduce fixed overhead costs and optimize cost structure through organizational realignment and workforce reductions.
Stated in 3 of last 3 quarters. SG&A expenses decreased from $17.7M in 2025-Q3 to $15.2M in 2026-Q3 and were $16.9M in 2026-Q4, reflecting organizational realignment and workforce reductions. Management shows progress in cost structure optimization.
“Reduced fixed overhead costs and workforce reductions to optimize cost structure.”
“SG&A expenses decreased reflecting organizational realignment initiatives over last 12 months.”
“Undergoing streamlining to assure well positioned for sustainable profitable growth.”
Preserve liquidity and operate with no outstanding debt to support growth and financial flexibility.
Stated in 3 of last 3 quarters. Liquidity remained strong at $297.2M in 2026-Q3 and $283.9M in 2026-Q4 with no outstanding debt. Management is maintaining a debt-free balance sheet and substantial liquidity as committed.
“Liquidity at June 30, 2026 of $283.9 million with no outstanding debt.”
“Liquidity at March 31, 2026 of $297.2 million with no outstanding debt.”
“Liquidity at $233.0 million cash and no outstanding debt as of March 31, 2026.”
Manage leadership changes and maintain organizational stability during CEO transition and executive changes.
Stated in 2 of last 3 quarters. Leadership transition included CEO promotion and CFO stepping down with orderly transition. Restructuring costs related to leadership changes were incurred. Management is managing transition and organizational stability as stated.
“Costs associated with previously announced leadership transitions and workforce reductions.”
“CEO transition underway with incoming President and CEO Shawn Payne.”
Over the trailing year it converted 2.14x of net income into operating cash flow.
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, long-term interest rates, Fed net liquidity, real (inflation-adjusted) rates (low R² over the window).
5 material management or governance events in the past 24 months, led by executive changes. Historically, Industrials names rated stable grew net income 55% of the time over the next year (vs 58% for the rest of the cohort, n=2546).
Not investment advice. As of 2026-09-04.