Matrix Service Co's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Matrix Service Co (MTRX) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Matrix Service Co vs Its Competitors
- TTM: Trailing 12-month revenue of 874M vs 34,659M combined for tracked competitors (2.5% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+12.0% annualized vs trailing 12 months), vs accelerating (+4.3%) for its tracked peer group.
- Growth: Matrix Service Co generated 13.0% revenue growth year over year in Q4 2026, vs 12.6% for its tracked competitors combined.
- Profitability: Its 0.5% net margin compares with 4.8% for the peer group.
- Scale: Matrix Service Co ranks #52 of 88 companies by market capitalization in the Construction Services industry, holding 0.1% of industry market cap.
- Peer revenue share: Matrix Service Co accounted for 2.6% of combined revenue among its tracked peer group, up from 2.6% a year earlier.
- Peer differentiation: Revenue per employee of $0.37M compares with $0.28M for the peer group (1.3x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
MTRX Sales vs. its Competitors, Q4 2026
Matrix Service Co reported revenue growth of 13.01 % year on year in Q4 2026, above its competitors' combined revenue growth of 12.61 %.
With a net margin of 0.47 %, Matrix Service Co reported lower profitability than its competitors (4.84 %).
Matrix Service Co generated 2.63 % of the combined sales of its peer group, up from 2.62 % a year earlier.
Matrix Service Co vs. its Competitors, Q4 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Matrix Service Co and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Matrix Service Co | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (8) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (3) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Matrix Service Co's competitor groups requires a Commercial License.
For context: the Construction Services industry grew revenue 20.1% year over year, combined, vs 13.0% for Matrix Service Co. Matrix Service Co's share of combined industry revenue moved from 0.17% to 0.16%, a loss of 0.01 percentage points.
Matrix Service Co's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Matrix Service Co | Yes | Yes | Yes | No |
| Competitors combined (6) | ||||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 75.00 % (6 of 8) | 100.00 % (8 of 8) | 75.00 % (6 of 8) | 50.00 % (4 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
MTRX Stock Performance relative to its Competitors
MTRX Stock Performance relative to Similar-Size Competitors
MTRX Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Sterling Infrastructure Inc | 282.9% | Outperformed |
| 2 | Watts Water Technologies Inc | 282.9% | Outperformed |
| 3 | Tetra Tech inc | 282.9% | Outperformed |
| 4 | Willdan Group inc | 282.9% | Outperformed |
| 5 | Kbr Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Matrix Service Co's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Matrix Service Co's Comment on Competition and Industry Peers
Publicly Traded Peers of Matrix Service Co
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Matrix Service Co | 267.95 | 873.63 |
| Sterling Infrastructure Inc | 15,725.35 | 3,437.81 |
| Watts Water Technologies Inc | 11,982.62 | 2,677.30 |
| Tetra Tech inc | 8,754.55 | 4,724.12 |
| Aecom | 7,565.99 | 15,393.16 |
| Kbr Inc | 4,461.51 | 7,686.00 |
| SUBTOTAL | 49,925.80 | 35,532.89 |
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Sources: Matrix Service Co's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Matrix Service Co versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Matrix Service Co's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Matrix Service Co | Storage and Terminal Solutions 54.00 % |
| Sterling Infrastructure Inc | E-Infrastructure Solutions 77.47 % |
| Watts Water Technologies Inc | Americas Segment 76.45 % |
| Aecom | Americas 76.82 % |
| Kbr Inc | Mission Technology Solutions 67.39 % |
| Willdan Group inc | Energy 87.69 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Matrix Service Co's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Matrix Service Co | 268 | 368,621 | 1,103 |
| Sterling Infrastructure Inc | 15,725 | 781,320 | 104,645 |
| Watts Water Technologies Inc | 11,983 | 469,702 | 67,333 |
| Tetra Tech inc | 8,755 | 188,965 | 17,468 |
| Aecom | 7,566 | 301,827 | 6,640 |
| Kbr Inc | 4,462 | 213,500 | 11,944 |
| PEERS TOTAL | 49,658 | 279,704 | 17,067 |
Matrix Service Co's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Matrix Service Co | United States 95.95 % |
| Watts Water Technologies Inc | Americas 76.05 % |
| Aecom | Americas 76.83 % |
| Kbr Inc | United States 53.67 % |
| Willdan Group inc | US 100.00 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Matrix Service Co's Position in Industry Market Structure
Market-capitalization share and concentration across all 78 companies in Matrix Service Co's industry classification, broader than the peer set above. Market cap in millions of $.Matrix Service Co ranks #52 of 78 companies by market capitalization in its industry, holding 0.05 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 729, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Quanta Services Inc | 99,352 | 19.35 % |
| 2 | Comfort Systems Usa inc | 59,159 | 11.52 % |
| 3 | D r Horton Inc | 39,587 | 7.71 % |
| 4 | Emcor Group Inc | 34,339 | 6.69 % |
| 5 | Pultegroup Inc | 1,234 | 5.2% |
| 6 | Lennar Corp | 1,234 | 5.2% |
| 7 | Nvr Inc | 1,234 | 5.2% |
| 8 | Mastec Inc | 1,234 | 5.2% |
| 9 | Jacobs Solutions Inc | 1,234 | 5.2% |
| 10 | Sterling Infrastructure Inc | 1,234 | 5.2% |
| 52 | Matrix Service Co | 272 | 0.05 % |
Market cap and industry share for the rest of Matrix Service Co's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-29.
Matrix Service Co's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 47 | Mistras Group inc | 705 | 121.28 % |
| 48 | Legacy Housing Corporation | 688 | 5.74 % |
| 49 | Limbach Holdings Inc | 599 | -46.53 % |
| 50 | Concrete Pumping Holdings Inc | 509 | 39.18 % |
| 51 | Orion Group Holdings Inc | 1,234 | 12.3% |
| 52 | Matrix Service Co | 272 | -25.52 % |
| 53 | Energy Services Of America Corp | 1,234 | 12.3% |
| 54 | Vanjia Corporation | 1,234 | 12.3% |
| 55 | Stratus Properties Inc | 1,234 | 12.3% |
| 56 | Shimmick Corporation | 1,234 | 12.3% |
| 57 | Amrep Corp | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Matrix Service Co's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-29. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Matrix Service Co's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Construction Services industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (91 companies). See the full Construction Services industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 7.32 % | 23.01 % (avg) | -15.7 pp |
| Operating Margin | -1.10 % | industry median | -8.5 pp |
| EBITDA Margin | 2.05 % | 4.12 % (avg) | -2.1 pp |
| Capital Intensity (Capex / Revenue) | - | 4.59 % (avg) | - |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Matrix Service Co's Valuation vs Competitive Position
Valuation multiples vs the Construction Services industry average (91 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Construction Services industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 28.2x | - |
| EV / EBITDA | 8.2x | 17.9x | -9.8x |
| P/B | 2.6x | 4.4x | -1.8x |
| Return on Equity | 1.87 % | industry aggregate | -9.81 % |
| Return on Invested Capital | -3.22 % | 6.68 % (avg) | -9.90 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Matrix Service Co's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | -31.57 % | 18.08 % | -43.83 % | -17.77 % | 19.41 % | -1.86 % | -7.47 % | 18.45 % |
| Operating Margin | -1.27 % | 0.51 % | -2.98 % | -10.41 % | -11.70 % | -3.36 % | -5.21 % | -3.05 % |
| Return on Invested Capital | -2.33 % | 1.03 % | -3.66 % | -11.86 % | -19.89 % | -6.60 % | -10.62 % | -8.34 % |
| P/E | - | - | - | - | - | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Matrix Service Co's Strategic Group Map
Every company in Matrix Service Co's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Matrix Service Co is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Matrix Service Co's BCG Growth-Share Matrix
Relative market share (vs Matrix Service Co's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Matrix Service Co falls in the Dog quadrant: relative market share of 0.00x vs its largest competitor, in an industry growing revenue 5.1% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Matrix Service Co's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 729 (see Industry Market Structure & Concentration above) |
| Supplier Power | Not covered on this page | See Matrix Service Co's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Matrix Service Co's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Matrix Service Co's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Matrix Service Co falls in the Low attractiveness / Medium strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Matrix Service Co's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+12.0% annualized vs trailing 12 months).
Weaknesses
- Operating margin 8.5 points below the industry median.
- Return on equity 9.8 points below the industry aggregate.
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.00x).
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Matrix Service Co's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Matrix Service Co | 0.49 | 0.94 | 0.00 |
| Sterling Infrastructure Inc | 0.38 | 1.06 | 0.24 |
| Watts Water Technologies Inc | 0.80 | 2.68 | 0.08 |
| Tetra Tech inc | 0.15 | 1.20 | 0.44 |
| Aecom | 0.22 | 1.11 | 1.33 |
| Kbr Inc | 0.25 | 1.17 | 1.67 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Matrix Service Co's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Matrix Service Co | Q2 2026 | +13.0 % | -93.6 % |
| Sterling Infrastructure Inc | Q2 2026 | +90.2 % | +113.2 % |
| Watts Water Technologies Inc | Q2 2026 | +18.6 % | +17.2 % |
| Tetra Tech inc | Q2 2026 | +179.9 % | -3.6 % |
| Aecom | Q2 2026 | -14.2 % | - |
| Kbr Inc | Q2 2026 | +1.6 % | +70.7 % |
| PEERS TOTAL | +12.6 % | -19.5 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Matrix Service Co's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Matrix Service Co | Q2 2026 | +8.1 % | -39.0 % |
| Sterling Infrastructure Inc | Q2 2026 | +86.3 % | +275.0 % |
| Watts Water Technologies Inc | Q2 2026 | +22.4 % | +10.8 % |
| Tetra Tech inc | Q2 2026 | +391.4 % | +21.3 % |
| Aecom | Q2 2026 | -6.0 % | +83.1 % |
| Kbr Inc | Q2 2026 | +1.7 % | +14.3 % |
Matrix Service Co's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Matrix Service Co | 0.43% | 1.65% | 1.87% |
| Sterling Infrastructure Inc | 16.48% | 20.69% | 38.55% |
| Watts Water Technologies Inc | 13.35% | 16.23% | 18.56% |
| Tetra Tech inc | 10.09% | 16.05% | 24.01% |
| Aecom | 2.80% | 4.94% | 13.19% |
| Kbr Inc | 6.48% | 8.31% | 27.69% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Matrix Service Co's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Matrix Service Co | - | 0.31 |
| Sterling Infrastructure Inc | 36.35 | 4.57 |
| Watts Water Technologies Inc | 31.24 | 4.48 |
| Tetra Tech inc | 20.30 | 1.85 |
| Aecom | 27.00 | 0.49 |
| Kbr Inc | 10.61 | 0.58 |
| PEERS AVERAGE | 23.58 | 1.41 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.