Matrix Service Company (MTRX) Key Metrics
MTRX valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $283.5M
- Enterprise value
- $78.7M
- P/E (TTM)
- —
- Forward P/E
- 17.2
- PEG ratio
- 0.96
- Price / sales
- 0.3 10-yr median 0.4
- Price / book
- 2.0 10-yr median 1.3
- EV / EBITDA
- 11.5 10-yr median 18.0
- Dividend yield
- —
- Beta
- 0.99
MTRX key metrics, FY2017–FY2026
Fiscal year ended June 30, 2026 · U.S. dollarsMTRX valuation Price multiples at each fiscal year-end price.
Price / sales−9.0%
0.4
FY2026 · hover or tap a bar for each year
FY2017FY2026
Price / book+4.0%
2.7
FY2026 · hover or tap a bar for each year
FY2017FY2026
EV / EBITDA
26.9
FY2026 · hover or tap a bar for each year
FY2017FY2026
Price / free cash flow+7,866.2%
272.2
FY2026 · hover or tap a bar for each year
FY2017FY2026
Free cash flow yield−28.9 pts
0.4%
FY2026 · hover or tap a bar for each year
FY2017FY2026
MTRX returns How much profit the business earns on the capital it uses.
Return on equity+17.4 pts
−1.8%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Return on assets+5.2 pts
−0.4%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Free cash flow margin−14.1 pts
0.2%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Asset turnover−0.7%
1.45
FY2026 · hover or tap a bar for each year
FY2017FY2026
MTRX per-share figures Results divided by the shares outstanding at year-end.
Revenue per share+11.5%
$30.88
FY2026 · hover or tap a bar for each year
FY2017FY2026
Earnings per share
−$0.09
FY2026 · hover or tap a bar for each year
FY2017FY2026
Free cash flow per share−98.7%
$0.05
FY2026 · hover or tap a bar for each year
FY2017FY2026
Book value per share−2.5%
$5.01
FY2026 · hover or tap a bar for each year
FY2017FY2026
Shares outstanding+1.9%
28.3M
FY2026 · hover or tap a bar for each year
FY2017FY2026
MTRX financial health Debt, liquidity and how easily interest is covered.
Debt / equity−8.6%
0.14
FY2026 · hover or tap a bar for each year
FY2017FY2026
Net debt−$295,000
−$203.5M
FY2026 · hover or tap a bar for each year
FY2017FY2026
Net debt / EBITDA
−29.70
FY2026 · hover or tap a bar for each year
FY2017FY2026
Current ratio+2.4%
0.98
FY2026 · hover or tap a bar for each year
FY2017FY2026
Interest coverage
-22.0
FY2026 · hover or tap a bar for each year
FY2017FY2026
Debt / assets−9.5%
0.03
FY2026 · hover or tap a bar for each year
FY2017FY2026
MTRX efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding−4 days
81 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Days of inventory−1 days
3 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Days payables outstanding+6 days
43 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Cash conversion cycle−11 days
41 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Capex / revenue−0.4 pts
0.6%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Dividends + buybacks / FCF+295.4 pts
296.6%
FY2026 · hover or tap a bar for each year
FY2017FY2026
MTRX valuation history
Fiscal year-endToday10-year median
MTRX returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
MTRX debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
MTRX cash returned to shareholders
DividendsBuybacksFree cash flow
MTRX price vs earnings per share
Share price at year-endEPS (right axis)
MTRX key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $387.6M | $375.2M | $271.9M | $159.0M | $135.3M | $277.7M | $258.8M | $558.9M | $491.2M | $248.1M |
| Enterprise value | $184.1M | $171.9M | $179.2M | $139.5M | $123.5M | $220.4M | $195.5M | $474.5M | $427.2M | $249.0M |
| P/E ratio | — | — | — | — | — | — | — | 20.0 | — | — |
| Price / sales | 0.4 | 0.5 | 0.4 | 0.2 | 0.2 | 0.4 | 0.2 | 0.4 | 0.5 | 0.2 |
| Price / book | 2.7 | 2.6 | 1.7 | 0.9 | 0.6 | 1.0 | 0.8 | 1.6 | 1.5 | 0.8 |
| Price / free cash flow | 272.2 | 3.4 | 4.1 | 128.4 | — | — | 10.1 | 25.6 | 7.4 | — |
| Price / operating cash flow | 56.1 | 3.2 | 3.7 | 15.5 | — | — | 5.9 | 13.5 | 6.6 | — |
| EV / sales | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.2 | 0.3 | 0.4 | 0.2 |
| EV / EBITDA | 26.9 | — | — | — | — | — | — | 8.5 | 39.6 | 9.2 |
| EV / free cash flow | 129.3 | 1.6 | 2.7 | 112.7 | — | — | 7.7 | 21.7 | 6.5 | — |
| Earnings yield | −0.7% | −7.9% | −9.2% | −32.9% | −47.2% | −11.2% | −12.8% | 5.0% | −2.3% | −0.1% |
| Free cash flow yield | 0.4% | 29.3% | 24.1% | 0.8% | −42.5% | −2.6% | 9.9% | 3.9% | 13.4% | −12.4% |
| Dividend yield | — | — | — | 0.2% | — | 0.5% | 0.1% | — | 17.4% | 51.3% |
| Shareholder yield (dividends + buybacks) | 1.1% | 0.3% | 0.2% | 0.4% | 0.6% | 1.1% | 8.1% | 1.2% | 17.6% | 52.2% |
| Share price at fiscal year-end | $13.70 | $13.51 | $9.93 | $5.89 | $5.06 | $10.50 | $9.72 | $20.26 | $18.35 | $9.35 |
| Per share | ||||||||||
| Revenue per share | $30.88 | $27.70 | $26.60 | $29.46 | $26.48 | $25.46 | $41.36 | $51.35 | $40.78 | $45.13 |
| Earnings per share | −$0.09 | −$1.06 | −$0.91 | −$1.94 | −$2.39 | −$1.18 | −$1.24 | $1.01 | −$0.43 | −$0.01 |
| Operating cash flow per share | $0.24 | $4.23 | $2.65 | $0.38 | −$2.03 | −$0.11 | $1.66 | $1.50 | $2.79 | −$0.71 |
| Free cash flow per share | $0.05 | $3.95 | $2.40 | $0.05 | −$2.15 | −$0.28 | $0.96 | $0.79 | $2.46 | −$1.16 |
| Cash per share | $7.88 | $8.09 | $4.22 | $2.03 | $1.96 | $3.17 | $3.76 | $3.25 | $2.39 | $1.65 |
| Book value per share | $5.01 | $5.14 | $6.00 | $6.72 | $8.52 | $10.80 | $11.57 | $12.76 | $11.91 | $12.13 |
| Tangible book value per share | $3.99 | $4.07 | $4.88 | $5.53 | $6.76 | $8.25 | $8.97 | $8.67 | $7.47 | $6.86 |
| Dividends per share | — | — | — | $0.01 | — | $0.05 | $0.01 | — | $3.20 | $4.80 |
| Capex per share | $0.19 | $0.28 | $0.26 | $0.33 | $0.13 | $0.16 | $0.70 | $0.71 | $0.33 | $0.45 |
| Debt per share | $0.69 | $0.77 | $0.84 | $1.31 | $1.52 | $1.00 | $1.38 | $0.19 | $0.00 | $1.68 |
| Shares outstanding | 28.3M | 27.8M | 27.4M | 27.0M | 26.7M | 26.5M | 26.6M | 27.6M | 26.8M | 26.5M |
| Change in shares outstanding | +1.9% | +1.4% | +1.4% | +1.0% | +1.1% | −0.6% | −3.5% | +3.1% | +0.9% | −2.1% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −1.8% | −19.2% | −14.5% | −25.6% | −24.9% | −10.5% | −10.0% | 8.3% | −3.6% | −0.1% |
| Return on invested capital (ROIC) | — | — | −20.4% | −22.1% | −31.3% | −14.6% | −11.3% | 10.5% | −2.9% | 0.9% |
| Return on assets (ROA) | −0.4% | −5.6% | −5.9% | −12.4% | −14.1% | −6.3% | −5.7% | 4.7% | −2.0% | −0.0% |
| Return on tangible assets | −0.4% | −5.2% | −5.9% | −14.2% | −16.2% | −7.8% | −7.4% | 5.4% | −2.6% | −0.0% |
| Free cash flow margin | 0.2% | 14.3% | 9.0% | 0.2% | −8.1% | −1.1% | 2.3% | 1.5% | 6.0% | −2.6% |
| Income quality (OCF / net income) | — | — | — | — | — | — | — | 1.48 | — | — |
| Financial health | ||||||||||
| Total debt | $19.5M | $21.4M | $22.9M | $35.3M | $40.6M | $26.5M | $36.8M | $5.3M | $0 | $44.7M |
| Cash & short-term investments | $223.0M | $224.6M | $115.6M | $54.8M | $52.4M | $83.9M | $100.0M | $89.7M | $64.1M | $43.8M |
| Net debt | −$203.5M | −$203.2M | −$92.7M | −$19.5M | −$11.8M | −$57.4M | −$63.3M | −$84.4M | −$64.1M | $877,000 |
| Debt / equity | 0.14 | 0.15 | 0.14 | 0.19 | 0.18 | 0.09 | 0.12 | 0.02 | 0.00 | 0.14 |
| Debt / assets | 0.03 | 0.04 | 0.05 | 0.09 | 0.09 | 0.06 | 0.07 | 0.01 | 0.00 | 0.08 |
| Net debt / EBITDA | −29.70 | — | — | — | — | — | — | −1.50 | −5.93 | 0.03 |
| Current ratio | 0.98 | 0.96 | 1.14 | 1.40 | 1.62 | 1.90 | 1.90 | 1.51 | 1.50 | 1.64 |
| Quick ratio | 0.97 | 0.95 | 1.10 | 1.36 | 1.56 | 1.85 | 1.87 | 1.49 | 1.48 | 1.62 |
| Interest coverage | -22.0 | -67.7 | -26.6 | -26.1 | -29.8 | -28.1 | -22.9 | 29.2 | -4.0 | 2.2 |
| Working capital | −$6.8M | −$16.6M | $36.5M | $74.7M | $109.6M | $137.8M | $159.2M | $141.8M | $118.6M | $139.7M |
| Invested capital | −$61.7M | −$60.5M | $71.5M | $162.0M | $216.0M | $228.2M | $244.6M | $267.6M | $254.8M | $322.7M |
| Tangible asset value | $113.0M | $113.1M | $133.5M | $149.3M | $180.8M | $218.3M | $238.7M | $239.1M | $199.9M | $182.0M |
| Net current asset value | −$25.1M | −$37.8M | $14.4M | $43.2M | $74.3M | $109.2M | $125.7M | $135.9M | $117.9M | $94.4M |
| Graham number | — | — | — | — | — | — | — | $17.06 | — | — |
| Graham net-net per share | −$2.96 | −$3.29 | −$1.36 | −$0.63 | $0.13 | $1.11 | $2.33 | $1.75 | $1.49 | −$2.16 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | $252,000 | — | $1.4M | $320,000 | — | $85.6M | $127.2M |
| Share buybacks (net) | $4.2M | $1.2M | $456,000 | $310,000 | $853,000 | $1.6M | $20.6M | $6.9M | $627,000 | $2.3M |
| Dividends + buybacks / free cash flow | 296.6% | 1.1% | 0.7% | 45.4% | — | — | 81.8% | 31.5% | 130.7% | — |
| Capex / revenue | 0.6% | 1.0% | 1.0% | 1.1% | 0.5% | 0.6% | 1.7% | 1.4% | 0.8% | 1.0% |
| Capex / operating cash flow | 79.4% | 6.5% | 9.6% | 87.9% | — | — | 42.1% | 47.2% | 11.7% | — |
| Capex / depreciation | 0.63 | 0.77 | 0.63 | 0.66 | 0.22 | 0.24 | 0.97 | 1.07 | 0.43 | 0.55 |
| Stock-based compensation / revenue | 0.8% | 1.2% | 1.1% | 0.9% | 1.1% | 1.2% | 0.9% | 0.8% | 0.8% | 0.6% |
| SG&A / revenue | 7.3% | 9.3% | 9.6% | 8.6% | 9.6% | 10.4% | 7.8% | 6.6% | 7.7% | 6.4% |
| Efficiency | ||||||||||
| Days sales outstanding | 80.6 | 84.9 | 91.3 | 92.6 | 97.3 | 105.5 | 89.3 | 77.0 | 83.3 | 77.6 |
| Days of inventory on hand | 2.7 | 3.7 | 4.3 | 4.2 | 4.5 | 3.9 | 2.6 | 1.9 | 1.6 | 1.3 |
| Days payables outstanding | 42.6 | 36.5 | 37.7 | 36.1 | 35.0 | 38.2 | 34.3 | 27.6 | 33.8 | 40.4 |
| Cash conversion cycle (days) | 40.7 | 52.1 | 57.9 | 60.6 | 66.8 | 71.2 | 57.6 | 51.3 | 51.2 | 38.5 |
| Receivables turnover | 4.53 | 4.30 | 4.00 | 3.94 | 3.75 | 3.46 | 4.09 | 4.74 | 4.38 | 4.70 |
| Payables turnover | 8.56 | 9.99 | 9.69 | 10.11 | 10.44 | 9.56 | 10.64 | 13.24 | 10.80 | 9.04 |
| Inventory turnover | 133.75 | 98.89 | 84.51 | 87.78 | 81.89 | 92.83 | 137.98 | 195.11 | 224.91 | 291.06 |
| Asset turnover | 1.45 | 1.46 | 1.71 | 1.89 | 1.56 | 1.37 | 1.91 | 2.38 | 1.91 | 2.08 |
| Average receivables | $193.0M | $179.0M | $182.1M | $201.7M | $188.6M | $194.6M | $269.3M | $299.0M | $249.2M | $254.7M |
| Average payables | $94.6M | $73.0M | $71.0M | $75.6M | $67.9M | $67.0M | $93.9M | $97.0M | $92.5M | $123.5M |
| Average inventory | $6.1M | $7.4M | $8.1M | $8.7M | $8.7M | $6.9M | $7.2M | $6.6M | $4.4M | $3.8M |
| Intangibles / total assets | 4.8% | 4.9% | 6.8% | 8.0% | 10.6% | 14.4% | 13.4% | 17.8% | 21.3% | 23.9% |
Computed from MTRX's annual financial statements (latest annual report filed September 3, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
MTRX valuation and financial ratios
Matrix Service earned a return on equity of −1.8% in fiscal 2026. It ended the year with $19.5 million of debt and $223.0 million in cash and short-term investments, a net cash position of $203.5 million. It returned $4.2 million to shareholders: $0 in dividends and $4.2 million in share buybacks, 297% of free cash flow. The share count rose 6.6% from 26.5M to 28.3M over 9 years.
See the MTRX income statement, the MTRX chart for price history, or the MTRX stock overview for the latest quote and news.
MTRX key metrics FAQ
What is Matrix Service's EV/EBITDA?
Matrix Service's enterprise value was 26.9 times EBITDA at the end of fiscal 2026 (enterprise value $184.1 million, EBITDA $6.9 million); the current EV/EBITDA is 11.5.
What is Matrix Service's return on equity?
Matrix Service's return on equity (ROE) was −1.8% in fiscal 2026: net income of -$2.6 million on average shareholders' equity of $142.3 million.
How much debt does Matrix Service have?
Matrix Service had total debt of $19.5 million at the end of fiscal 2026, a debt-to-equity ratio of 0.14 and more cash than debt.
Does Matrix Service buy back its shares?
Yes. Matrix Service spent $4.2 million on net share repurchases in fiscal 2026 Shares outstanding changed +1.9% over the year, to 28.3M..
What is Matrix Service's free cash flow yield?
Matrix Service generated $1.4 million of free cash flow in fiscal 2026, a free cash flow yield of 0.4% on its market value at year-end ($387.6 million).
What is Matrix Service's current ratio?
Matrix Service's current ratio was 0.98 at the end of fiscal 2026: current assets were 0.98 times current liabilities.