Matrix Service (MTRX)
Builds and maintains storage, power, and industrial infrastructure for energy markets.
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Provides engineering, fabrication, construction, and maintenance services for storage terminals, utility power infrastructure, and process and industrial facilities. Work spans the United States, Canada, and other international locations, with demand shaped by large project awards, backlog conversion, customer concentration, and safety execution.
Storage and Terminal Solutions covers cryogenic and specialty tanks, LNG and liquids terminals, aboveground storage, balance-of-plant work, marine structures, maintenance, repair, and specialty tank products.
Utility and Power Infrastructure handles LNG utility peak-shaving facilities, substations, power-delivery work, and natural-gas-fired power generation. Process and Industrial Facilities covers downstream and midstream maintenance, renewable-fuels retrofits, thermal vacuum chambers, and other industrial infrastructure.
Regional offices span the United States, Canada, and other international locations, with union and non-union subsidiaries. Execution depends on large project awards, backlog conversion, customer concentration, craft-labor availability, and safety performance.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 4, 2026 | Northland Securities | Target | Target: $24 | Target: $16 |
| Feb 11, 2026 | Northland Securities | Target | Target: — | Target: $24 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $223.0M · Total debt $19.5M · Total assets $602.6M · Shareholders' equity $141.9M
- Revenue
- $244.5M
- Operating income
- −$891.0K
- Net income
- $1.1M
No dividends on record.
| Institutions | ≈ 88.52% | 24.91M shares | |
|---|---|---|---|
| 155 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 5.22% | 1.47M shares | |
| 14 holders · as of Sep 14, 2026 | |||
| Other | ≈ 6.26% | 1.76M shares | |
| remainder | |||
28.13M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 7.60% | 2.14M | as of Jun 30, 2026 |
LSV Asset ManagementInstitution | 6.43% | 1.81M | filed Feb 6, 2017 |
Needham Investment Management LLCInstitution | 5.10% | 1.44M | as of Jun 30, 2026 |
American Century Companies IncInstitution | 4.29% | 1.21M | as of Jun 30, 2026 |
Gendell Jeffrey LInstitution | 4.24% | 1.19M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 12, 2026 | Justin D. Sheets | officer: SVP, Enterprise Services | −16,991 | $13.50 |
| Jun 15, 2026 | Kevin S. Cavanah | officer: VP Finance & CFO | −1,418 | $14.03 |
| Jun 12, 2026 | Kevin S. Cavanah | officer: VP Finance & CFO | −2,073 | $14.00 |
| Jun 5, 2026 | Kevin S. Cavanah | officer: VP Finance & CFO | −6,509 | $14.13 |
| Jun 4, 2026 | Kevin S. Cavanah | officer: VP Finance & CFO | −50,000 | $14.10 |
- Primoris Services
Broad specialty contractor across utility and energy infrastructure
- Fluor
Global EPC rival in LNG, fuels, chemicals, power and mining
- MasTec
Infrastructure contractor in power delivery, pipelines and clean energy
- Quanta Services
Large utility and energy infrastructure contractor
- EMCOR Group
Industrial and energy services peer for refinery and process work
- MYR Group
Specialty electrical contractor for utility and industrial projects
- Argan
Power EPC and industrial construction peer
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Matrix Service | $10.01 | −0.24% | $282.2M | — | 16.8 | 0.3 | +13.0% |
| Primoris Services | $76.19 | −0.94% | $4.17B | 30.3 | 19.2 | 0.6 | −10.7% |
| Fluor | $54.15 | −1.08% | $7.65B | — | 16.7 | 0.5 | +8.8% |
| MasTec | $223.88 | +0.44% | $17.90B | 35.6 | 20.2 | 1.1 | +23.4% |
| Quanta Services | $645.45 | +0.44% | $96.61B | 73.6 | 35.9 | 2.9 | +41.1% |
| EMCOR Group | $754.94 | −0.37% | $33.42B | 23.7 | 21.6 | 1.8 | +19.8% |
| MYR Group | $287.05 | −0.48% | $4.49B | 27.4 | 22.3 | 1.1 | +20.2% |
| Argan | $377.39 | −0.72% | $5.33B | 30.1 | 27.9 | 4.5 | +61.5% |
| Median | 30.2 | 21.6 | 1.1 | +20.2% |