Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.31B | $1.20B | $1.09B | $1.42B | $1.10B | $673M | $708M | $795M | $728M | $769M |
| Revenue growth | — | -8.7% | -8.8% | 29.8% | -22.3% | -38.8% | 5.1% | 12.3% | -8.4% | 5.6% |
| Gross profit | $126M | $81.0M | $91.9M | $132M | $102M | $32.8M | -$1.21M | $30.8M | $40.5M | $39.7M |
| Gross margin | 9.6% | 6.8% | 8.4% | 9.3% | 9.3% | 4.9% | -0.2% | 3.9% | 5.6% | 5.2% |
| Operating income | $40.9M | $4.86M | -$10.5M | $37.9M | -$36.6M | -$43.7M | -$87.9M | -$52.9M | -$30.1M | -$35.1M |
| Operating margin | 3.1% | 0.4% | -1.0% | 2.7% | -3.3% | -6.5% | -12.4% | -6.7% | -4.1% | -4.6% |
| Net income | $28.9M | -$183K | -$11.5M | $28.0M | -$33.1M | -$31.2M | -$63.9M | -$52.4M | -$25.0M | -$29.5M |
| Net margin | 2.2% | -0.0% | -1.1% | 2.0% | -3.0% | -4.6% | -9.0% | -6.6% | -3.4% | -3.8% |
| EPS (diluted) | $1.07 | -$0.01 | -$0.43 | $1.01 | -$1.24 | -$1.18 | -$2.39 | -$1.94 | -$0.91 | -$1.06 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $33.6M | -$18.7M | $74.7M | $41.4M | $44.1M | -$2.97M | -$54.2M | $10.2M | $72.6M | $117M |
| Capital expenditures | $13.9M | $11.9M | $8.71M | $19.6M | $18.5M | $4.35M | $3.35M | $9.01M | $6.99M | $7.68M |
| Free cash flow | $19.6M | -$30.7M | $66.0M | $21.8M | $25.5M | -$7.33M | -$57.5M | $1.24M | $65.6M | $110M |
| Share buybacks | $10.5M | $0.00 | $0.00 | $5.19M | $17.0M | $0.00 | $0.00 | — | — | — |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $71.7M | $43.8M | $64.1M | $89.7M | $100M | $83.9M | $52.4M | $54.8M | $116M | $225M |
| Total assets | $565M | $586M | $558M | $633M | $517M | $468M | $441M | $401M | $451M | $600M |
| Total liabilities | $249M | $264M | $239M | $281M | $209M | $182M | $213M | $219M | $287M | $458M |
| Shareholders' equity | $316M | $322M | $319M | $352M | $308M | $286M | $228M | $181M | $164M | $143M |
| Retained earnings | $223M | $223M | $211M | $239M | $206M | $175M | $111M | $58.9M | $33.9M | $4.48M |
| Shares (wtd avg diluted) | 27.1M | 26.5M | 26.8M | 27.6M | 26.6M | 26.5M | 26.7M | 27.0M | 27.4M | 27.8M |
Every figure is extracted from MATRIX SERVICE CO’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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