Matrix Service Company
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $873.6M | $769.3M | $728.2M | $795.0M | $707.8M | $673.4M | $1.10B | $1.42B |
| Cost of Revenue | $809.7M | $729.6M | $687.7M | $764.2M | $709.0M | $640.6M | $998.8M | $1.28B |
| Gross Profit | $64.0M | $39.7M | $40.5M | $30.8M | $-1.2M | $32.8M | $102.2M | $132.0M |
| Gross Margin | 7.3% | 5.2% | 5.6% | 3.9% | -0.2% | 4.9% | 9.3% | 9.3% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $63.6M | $71.2M | $70.1M | $68.2M | $67.7M | $69.8M | $86.3M | $94.0M |
| Operating Income | $-9.6M | $-35.1M | $-30.1M | $-52.9M | $-87.9M | $-43.7M | $-36.6M | $37.9M |
| Operating Margin | -1.1% | -4.6% | -4.1% | -6.7% | -12.4% | -6.5% | -3.3% | 2.7% |
| Interest Expense | $437.0K | $518.0K | $1.1M | $2.0M | $3.0M | $1.6M | $1.6M | $1.3M |
| Pretax Income | $-2.2M | $-29.0M | $-25.0M | $-52.8M | $-58.3M | $-43.3M | $-36.6M | $38.4M |
| Income Tax Expense | $356.0K | $464.0K | $-36.0K | $-400.0K | $5.6M | $-12.0M | $-3.6M | $10.4M |
| Net Income | $-2.6M | $-29.5M | $-25.0M | $-52.4M | $-63.9M | $-31.2M | $-33.1M | $28.0M |
| Net Margin | -0.3% | -3.8% | -3.4% | -6.6% | -9.0% | -4.6% | -3.0% | 2.0% |
| EPS (Basic) | $-0.09 | $-1.06 | $-0.91 | $-1.94 | $-2.39 | $-1.18 | $-1.24 | $1.04 |
| EPS (Diluted) | $-0.09 | $-1.06 | $-0.91 | $-1.94 | $-2.39 | $-1.18 | $-1.24 | $1.01 |
| Shares Outstanding (Basic) | 28.3M | 27.8M | 27.4M | 27.0M | 26.7M | 26.5M | 26.6M | 26.9M |
| Shares Outstanding (Diluted) | 28.3M | 27.8M | 27.4M | 27.0M | 26.7M | 26.5M | 26.6M | 27.6M |
| Dividends Per Share | — | — | — | — | — | — | — | — |