Logotype for Matrix Service Company

Matrix Service Company (MTRX) investor relations material

Matrix Service Company Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Matrix Service Company
Q4 2025 earnings summary10 Sep, 2025

Executive summary

  • Fiscal Q4 2025 revenue rose 14% year-over-year to $216.4 million, but full-year revenue was below expectations due to late project starts and T&D service line exit; underlying business performance remained strong with above-plan direct gross profit and solid project execution.

  • Backlog stood near record levels at $1.4 billion as of June 30, 2025, with 85% of fiscal 2026 planned revenue already booked and underway.

  • Awards totaled $726 million for the year, supporting a robust opportunity pipeline of $5.9 billion and multi-year growth visibility.

  • Organizational restructuring included flattening the structure, closing underperforming offices, and consolidating support services, reducing annual overhead by $12 million.

  • The company is positioned for multi-year growth, supported by strong customer relationships and strategic market positioning.

Financial highlights

  • Q4 2025 revenue was $216.4 million, up from $189.5 million in Q4 2024; net loss was $(11.3) million, or $(0.40) per share; adjusted EBITDA was $(4.8) million, impacted by $11.5 million in discrete items.

  • Full-year 2025 revenue reached $769.3 million; adjusted EBITDA was $(12.9) million.

  • Notable Q4 charges included $6.4 million from a legacy project dispute, $3.8 million for labor productivity, $1.3 million from an adverse court decision, and $3.4 million in restructuring costs.

  • Cash flow from operations was $40.7 million in Q4 and $117.5 million for the year; liquidity improved to $284.5 million at year-end, with no debt.

Outlook and guidance

  • Fiscal 2026 revenue is projected at $875–$925 million, representing 14–20% year-over-year growth at the midpoint.

  • 85% of fiscal 2026 revenue is already supported by backlog, with most projects underway and minimal risk of delay.

  • Management expects a return to profitability in fiscal 2026, with steady improvement in revenue and profitability throughout the year.

  • Book-to-bill ratio is expected to remain at or near 1.0x annually, supporting sustainable backlog.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Matrix Service Company earnings date

Logotype for Matrix Service Company
Q1 20266 Nov, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Matrix Service Company earnings date

Logotype for Matrix Service Company
Q1 20266 Nov, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Matrix Service Company operates in different industries including oil, gas, power and petrochemicals, industrial and commercial. Operating primarily in North America, the company offers a range of engineering, fabrication, infrastructure and construction services.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage