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Matrix Service Valuation Multiples
Discover revenue and EBITDA valuation multiples for Matrix Service and similar public comparables like Moury Construct, Afrimat, Echeverria Izquierdo, Evropi Holdings and more.
Matrix Service Overview
About Matrix Service
Matrix Service Co provides engineering, fabrication, construction, maintenance, and repair services prominently to the energy and industrial markets. The company operates through three main segments: Storage and Terminal Solutions, Utility and Power Infrastructure, and Process and Industrial Facilities. These segments cover services like building and maintaining storage tanks and terminals, supporting power delivery and new power generation projects including renewables, as well as plant maintenance and turnarounds for refining and petrochemical industries. Matrix generates revenue by delivering these services to clients in oil, gas, power, and petrochemical sectors across North America and internationally.
Founded
1989
HQ
Employees
2.2K
Website
Sectors
Financials (LTM)
EV
$133M
Matrix Service Financials
Matrix Service reported last 12-month revenue of $865M and EBITDA of $6M.
In the same LTM period, Matrix Service generated $60M in gross profit, $6M in EBITDA, and had net loss of ($5M).
Revenue (LTM)
Matrix Service P&L
In the most recent fiscal year, Matrix Service reported revenue of $769M and EBITDA of ($18M).
Matrix Service expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $865M | XXX | $769M | XXX | XXX | XXX |
| Gross Profit | $60M | XXX | $40M | XXX | XXX | XXX |
| Gross Margin | 7% | XXX | 5% | XXX | XXX | XXX |
| EBITDA | $6M | XXX | ($18M) | XXX | XXX | XXX |
| EBITDA Margin | 1% | XXX | (2%) | XXX | XXX | XXX |
| EBIT Margin | (1%) | XXX | (4%) | XXX | XXX | XXX |
| Net Profit | ($5M) | XXX | ($29M) | XXX | XXX | XXX |
| Net Margin | (1%) | XXX | (4%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Matrix Service Stock Performance
Matrix Service has current market cap of $312M, and enterprise value of $133M.
Market Cap Evolution
Matrix Service's stock price is $11.10.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $133M | $312M | 0.0% | XXX | XXX | XXX | $-1.05 |
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Start Free TrialMatrix Service Valuation Multiples
Matrix Service trades at 0.2x EV/Revenue multiple, and 22.1x EV/EBITDA.
EV / Revenue (LTM)
Matrix Service Financial Valuation Multiples
As of April 2, 2026, Matrix Service has market cap of $312M and EV of $133M.
Equity research analysts estimate Matrix Service's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Matrix Service has a P/E ratio of (61.9x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $312M | XXX | $312M | XXX | XXX | XXX |
| EV (current) | $133M | XXX | $133M | XXX | XXX | XXX |
| EV/Revenue | 0.2x | XXX | 0.2x | XXX | XXX | XXX |
| EV/EBITDA | 22.1x | XXX | (7.2x) | XXX | XXX | XXX |
| EV/EBIT | (14.9x) | XXX | (4.2x) | XXX | XXX | XXX |
| EV/Gross Profit | 2.2x | XXX | 3.3x | XXX | XXX | XXX |
| P/E | (61.9x) | XXX | (10.6x) | XXX | XXX | XXX |
| EV/FCF | 4.4x | XXX | 1.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Matrix Service Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Matrix Service Margins & Growth Rates
Matrix Service's revenue in the last 12 month grew by 11%.
Matrix Service's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.0M for the same period.
Matrix Service's rule of 40 is 16% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Matrix Service's rule of X is 35% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Matrix Service Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 11% | XXX | 17% | XXX | XXX | XXX |
| EBITDA Margin | 1% | XXX | (2%) | XXX | XXX | XXX |
| EBITDA Growth | 468% | XXX | (185%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 16% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 35% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 9% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Matrix Service Public Comps
See public comps and valuation multiples for other Construction & Engineering comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Moury Construct | XXX | XXX | XXX | XXX | XXX | XXX |
| Afrimat | XXX | XXX | XXX | XXX | XXX | XXX |
| Echeverria Izquierdo | XXX | XXX | XXX | XXX | XXX | XXX |
| Evropi Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Henry Boot | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Matrix Service M&A Activity
Matrix Service acquired XXX companies to date.
Last acquisition by Matrix Service was on XXXXXXXX, XXXXX. Matrix Service acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Matrix Service
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
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Start Free TrialMatrix Service Investment Activity
Matrix Service invested in XXX companies to date.
Matrix Service made its latest investment on XXXXXXXX, XXXXX. Matrix Service invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Matrix Service
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Matrix Service
| When was Matrix Service founded? | Matrix Service was founded in 1989. |
| Where is Matrix Service headquartered? | Matrix Service is headquartered in United States. |
| How many employees does Matrix Service have? | As of today, Matrix Service has over 2K employees. |
| Who is the CEO of Matrix Service? | Matrix Service's CEO is John R. Hewitt. |
| Is Matrix Service publicly listed? | Yes, Matrix Service is a public company listed on Nasdaq. |
| What is the stock symbol of Matrix Service? | Matrix Service trades under MTRX ticker. |
| When did Matrix Service go public? | Matrix Service went public in 1990. |
| Who are competitors of Matrix Service? | Matrix Service main competitors are Moury Construct, Afrimat, Echeverria Izquierdo, Evropi Holdings. |
| What is the current market cap of Matrix Service? | Matrix Service's current market cap is $312M. |
| What is the current revenue of Matrix Service? | Matrix Service's last 12 months revenue is $865M. |
| What is the current revenue growth of Matrix Service? | Matrix Service revenue growth (NTM/LTM) is 11%. |
| What is the current EV/Revenue multiple of Matrix Service? | Current revenue multiple of Matrix Service is 0.2x. |
| Is Matrix Service profitable? | Yes, Matrix Service is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Matrix Service? | Matrix Service's last 12 months EBITDA is $6M. |
| What is Matrix Service's EBITDA margin? | Matrix Service's last 12 months EBITDA margin is 1%. |
| What is the current EV/EBITDA multiple of Matrix Service? | Current EBITDA multiple of Matrix Service is 22.1x. |
| What is the current FCF of Matrix Service? | Matrix Service's last 12 months FCF is $30M. |
| What is Matrix Service's FCF margin? | Matrix Service's last 12 months FCF margin is 3%. |
| What is the current EV/FCF multiple of Matrix Service? | Current FCF multiple of Matrix Service is 4.4x. |
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