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Matrix Service Co's Business Segments
Matrix Service Co's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q3 FY2026
Reportable Segments
3
Largest Segment
Storage and Terminal Solutions
Total Revenue
$ 207
Regions Reported
1
Revenue Share by Reportable Segment - Q3 FY2026
- Storage and Terminal Solutions54%
- Utility and Power Infrastructure29%
- Process and Industrial Facilities17%
Revenue by Reportable Segment - Q3 FY2026
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Storage and Terminal Solutions | $ 112 | 54% |
| Utility and Power Infrastructure | $ 60 | 29% |
| Process and Industrial Facilities | $ 35 | 17% |
Revenue Share by Region - Q3 FY2026
- Other international0.7%
Revenue by Geographic Region - Q3 FY2026
| Region | Revenue (Millions) | % of Total |
|---|---|---|
| Other international | $ 1 | 0.7% |
Description of Matrix Service Co
The Company began operations in 1984 as an Oklahoma corporation under the name
of Matrix Service. In 1989, we incorporated in the State of Delaware under the
name of Matrix Service Company. We provide engineering, fabrication, infrastructure,
construction, and maintenance services primarily to the oil, gas, power, petrochemical,
industrial, mining and minerals markets. We maintain regional offices throughout
the United States and Canada, and operate through separate union and merit subsidiaries.
Matrix Service Co. operates through several key segments that encompass a wide range of products and services tailored to meet the needs of various industries. Each segment contributes significantly to the company’s overall service offerings and reflects its commitment to providing high-quality infrastructure solutions across multiple sectors.
Electrical Infrastructure Segment
The Electrical Infrastructure segment is a critical component of Matrix Service Co.s operations. This segment focuses primarily on construction and maintenance services tailored for power generation facilities. Key aspects include:
- Power Generation Facilities: The company provides services to various types of power generation installations, including:
- Combined Cycle Plants: Engaging in the construction and enhancement of facilities that utilize both gas and steam turbines to generate electricity efficiently.
- Natural Gas-Fired Power Stations: Offering specialized services for sites reliant on natural gas, promoting cleaner and more sustainable energy generation.
- Renewable Energy Installations: Supporting the development and maintenance of facilities such as solar and wind power installations, working to facilitate the transition toward greener energy sources.
- High Voltage Services: Matrix Service Co. offers extensive high voltage services to investor-owned utilities, including:
- Substation Construction and Upgrades: Handling the construction of new substations as well as modernizing existing infrastructures to meet evolving demand and regulations.
- Transmission and Distribution: Specializing in short-run transmission line installations and upgrading distribution networks to ensure reliable power delivery.
- Storm Restoration Services: Providing rapid response teams to restore power and maintain electrical infrastructures affected by severe weather events.
Oil, Gas & Chemical Segment
The Oil, Gas & Chemical segment focuses on delivering essential services for the downstream petroleum industry and extends to various related sectors. Major offerings include:
- Turnaround Activities: Managing planned shutdowns for maintenance and upgrades, ensuring facilities operate efficiently and safely during their operational life.
- Plant Maintenance Services: Providing ongoing support and servicing to prevent downtimes and extend the lifecycle of critical equipment in refineries and plants.
- Construction Services: Engaging in new construction projects within the sector, helping clients expand capacity and enhance operational efficiency.
- Industrial Cleaning Services: Offering specialized cleaning solutions that ensure compliance and maintain operational standards. This includes:
- Hydroblasting and Hydroexcavating: Utilizing high-pressured water systems for cleaning and excavation without damaging existing structures.
- Chemical Cleaning: Implementing effective chemical solutions to remove complex residues and build-ups within industrial systems.
- Vacuum Services: Ensuring the safe and efficient removal of hazardous and non-hazardous materials.
- Market Focus: Matrix also operates within the petrochemical, natural gas, gas processing and compression, and upstream petroleum markets, providing tailored services that cater to each sectors unique requirements.
Storage Solutions Segment
The Storage Solutions segment is dedicated to supporting the infrastructure needs for storage of crude and refined products. Key offerings include:
- Aboveground Storage Tanks (ASTs): Involved in the new construction as well as maintenance of ASTs, ensuring they meet safety, regulatory, and operational standards.
- Emergency and Planned Maintenance Services: Providing clients with the assurance that their storage systems are well-maintained and efficient.
- Specialized Storage Tanks: Including a wide range of vessels tailored for specific applications such as:
- Liquefied Natural Gas (LNG) and Liquid Petroleum Gas (LPG) tanks: Built to handle the unique properties and regulatory requirements of these substances.
- Liquid Nitrogen/Liquid Oxygen (LIN/LOX) Storage: Offering solutions for industries in need of cryogenic substances.
- Custom Specialty Vessels: Design and construction of spheres and other specialty vessels for various storage needs.
- Balance of Plant Work: Engagement in broader storage terminal and tank farm operations, ensuring holistic management of client needs.
Industrial Segment
The Industrial segment serves a diverse array of industrial markets, including:
- Iron and Steel: Providing construction and maintenance services for facilities in the metal production sector, ensuring that operations run smoothly and efficiently.
- Mining and Minerals: Supporting infrastructure construction and maintenance in mining operations, facilitating resource extraction and processing.
- Bulk Material Handling and Fertilizer Production: Enhancing the operational capabilities of facilities specializing in bulk material processing and agricultural input production.
- Various Industrial Markets: Flexibility to adapt to other industrial needs, providing bespoke construction and maintenance services that cater to emerging market trends.
International Operations
Matrix Service Co. is recognized for its expanding international footprint, delivering services beyond the United States to various global markets. This international orientation allows the company to leverage its expertise in electrical infrastructure, oil and gas sectors, chemical industries, and industrial solutions in diverse geographic regions. With projects across multiple countries, the company adapts its service offerings to meet local regulatory standards and market conditions, establishing itself as a trusted partner in enhancing global energy and industrial infrastructure.
Through its various segments, Matrix Service Co. reflects a steadfast commitment to innovation, safety, and sustainability, offering a comprehensive suite of solutions that cater to growing global demands in power generation, oil and gas, chemical processing, and storage solutions.
Electrical Infrastructure Segment
The Electrical Infrastructure segment is a critical component of Matrix Service Co.s operations. This segment focuses primarily on construction and maintenance services tailored for power generation facilities. Key aspects include:
- Power Generation Facilities: The company provides services to various types of power generation installations, including:
- Combined Cycle Plants: Engaging in the construction and enhancement of facilities that utilize both gas and steam turbines to generate electricity efficiently.
- Natural Gas-Fired Power Stations: Offering specialized services for sites reliant on natural gas, promoting cleaner and more sustainable energy generation.
- Renewable Energy Installations: Supporting the development and maintenance of facilities such as solar and wind power installations, working to facilitate the transition toward greener energy sources.
- High Voltage Services: Matrix Service Co. offers extensive high voltage services to investor-owned utilities, including:
- Substation Construction and Upgrades: Handling the construction of new substations as well as modernizing existing infrastructures to meet evolving demand and regulations.
- Transmission and Distribution: Specializing in short-run transmission line installations and upgrading distribution networks to ensure reliable power delivery.
- Storm Restoration Services: Providing rapid response teams to restore power and maintain electrical infrastructures affected by severe weather events.
Oil, Gas & Chemical Segment
The Oil, Gas & Chemical segment focuses on delivering essential services for the downstream petroleum industry and extends to various related sectors. Major offerings include:
- Turnaround Activities: Managing planned shutdowns for maintenance and upgrades, ensuring facilities operate efficiently and safely during their operational life.
- Plant Maintenance Services: Providing ongoing support and servicing to prevent downtimes and extend the lifecycle of critical equipment in refineries and plants.
- Construction Services: Engaging in new construction projects within the sector, helping clients expand capacity and enhance operational efficiency.
- Industrial Cleaning Services: Offering specialized cleaning solutions that ensure compliance and maintain operational standards. This includes:
- Hydroblasting and Hydroexcavating: Utilizing high-pressured water systems for cleaning and excavation without damaging existing structures.
- Chemical Cleaning: Implementing effective chemical solutions to remove complex residues and build-ups within industrial systems.
- Vacuum Services: Ensuring the safe and efficient removal of hazardous and non-hazardous materials.
- Market Focus: Matrix also operates within the petrochemical, natural gas, gas processing and compression, and upstream petroleum markets, providing tailored services that cater to each sectors unique requirements.
Storage Solutions Segment
The Storage Solutions segment is dedicated to supporting the infrastructure needs for storage of crude and refined products. Key offerings include:
- Aboveground Storage Tanks (ASTs): Involved in the new construction as well as maintenance of ASTs, ensuring they meet safety, regulatory, and operational standards.
- Emergency and Planned Maintenance Services: Providing clients with the assurance that their storage systems are well-maintained and efficient.
- Specialized Storage Tanks: Including a wide range of vessels tailored for specific applications such as:
- Liquefied Natural Gas (LNG) and Liquid Petroleum Gas (LPG) tanks: Built to handle the unique properties and regulatory requirements of these substances.
- Liquid Nitrogen/Liquid Oxygen (LIN/LOX) Storage: Offering solutions for industries in need of cryogenic substances.
- Custom Specialty Vessels: Design and construction of spheres and other specialty vessels for various storage needs.
- Balance of Plant Work: Engagement in broader storage terminal and tank farm operations, ensuring holistic management of client needs.
Industrial Segment
The Industrial segment serves a diverse array of industrial markets, including:
- Iron and Steel: Providing construction and maintenance services for facilities in the metal production sector, ensuring that operations run smoothly and efficiently.
- Mining and Minerals: Supporting infrastructure construction and maintenance in mining operations, facilitating resource extraction and processing.
- Bulk Material Handling and Fertilizer Production: Enhancing the operational capabilities of facilities specializing in bulk material processing and agricultural input production.
- Various Industrial Markets: Flexibility to adapt to other industrial needs, providing bespoke construction and maintenance services that cater to emerging market trends.
International Operations
Matrix Service Co. is recognized for its expanding international footprint, delivering services beyond the United States to various global markets. This international orientation allows the company to leverage its expertise in electrical infrastructure, oil and gas sectors, chemical industries, and industrial solutions in diverse geographic regions. With projects across multiple countries, the company adapts its service offerings to meet local regulatory standards and market conditions, establishing itself as a trusted partner in enhancing global energy and industrial infrastructure.
Through its various segments, Matrix Service Co. reflects a steadfast commitment to innovation, safety, and sustainability, offering a comprehensive suite of solutions that cater to growing global demands in power generation, oil and gas, chemical processing, and storage solutions.