Matrix Service Company Common Stock (MTRX)

FairStock Score: 56/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Matrix Service as a Graham-style value investor, and the numbers give me pause. The company provides engineering, fabrication, construction, and maintenance for energy and industrial infrastructure. In fiscal 2026, the year ended 2026-06-30, revenue was $873.6M, up from $769.3M in fiscal 2025, the year ended 2025-06-30, and $728.2M in fiscal 2024, the year ended 2024-06-30. For fiscal 2026, the net loss narrowed to $2.6M, or $0.09 per diluted share, from a $29.5M loss, or $1.06 per share, in fiscal 2025. That improvement is real, but the company still has not earned a full-year profit. The FairStock-computed Lynch category is 'none' because it lost money in each of the last four years. At the 2026-10-13 close of $10.56, the market cap is $298.8M. FairStock's negative P/E of -117.33 and P/B of 2.13, with ROE at -1.81% and ROCE at -0.01%, mean investors pay above book for weak returns. The Altman Z-Score of 0.80 and Piotroski F-Score of 4/9 suggest financial fragility and mediocre fundamentals. Debt is modest with D/E of 0.14, and trailing FCF is $1.4M, but that is a 0.5% FCF yield. EV/EBITDA of 13.90 is not cheap for a competitive EPC contractor. A moat is hard to see; project work is bid-based and margins are thin. The FairStock Score is 56/100, a middling signal. I would need evidence of durable positive earnings and cash flow before calling this a value opportunity. For now it looks like a turnaround speculation, not a Buffett-quality compounder.

In plain English: Matrix Service helps build and maintain energy and industrial facilities. The business has lost money for years, though its latest full-year loss was much smaller than the year before. At $10.56, the price looks full for a company that is still not consistently profitable.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-03-31) · fiscal Q2 2026 10-Q (period ended 2025-12-31) · fiscal Q1 2026 10-Q (period ended 2025-09-30) · fiscal Q3 2025 10-Q (period ended 2025-03-31) · FY2026 10-K (period ended 2026-06-30) · FY2025 10-K (period ended 2025-06-30) · FY2024 10-K (period ended 2024-06-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer