Filing Flows › Matrix Service (MTRX) › Q1 FY27 › vs Q1 FY26
Matrix Service (MTRX) Q1 FY27 vs Q1 FY26 (year over year)
Matrix Service's revenue rose $7.5M (+4%) from $212M in Q1 FY26 to $219M in Q1 FY27. The biggest changes: Utility and Power Infrastructure −$15.4M (-21%); Storage and Terminal Solutions +$13.4M (+12%); Process and Industrial Facilities +$9.5M (+34%). Gross margin 8.2% against 6.7% (+1.5 pts).
Matrix Service, Q1 FY27: revenue $219M (+4% year over year), operating margin 2.0%, net earnings $6.2M, operating cash flow −$37.0M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 8.2% | 6.7% | +1.5 pts |
| Operating margin | 2.0% | -2.6% | +4.6 pts |
| Net margin | 2.8% | -1.7% | +4.5 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Storage and Terminal Solutions | $123M | $109M | $13.4M | +12% |
| Utility and Power Infrastructure | $59.1M | $74.5M | −$15.4M | -21% |
| Process and Industrial Facilities | $37.4M | $27.9M | $9.5M | +34% |
| Revenue | $219M | $212M | $7.5M | +4% |
| Gross profit | $18.1M | $14.2M | $3.9M | +27% |
| Cost of revenue | $201M | $198M | $3.6M | +2% |
| Other income, net | $1.7M | $1.9M | −$195K | -10% |
| Operating profit | $4.5M | −$5.5M | $10.0M | — |
| Operating expenses | $13.6M | $19.7M | −$6.1M | -31% |
| Pre-tax earnings | $6.2M | −$3.6M | $9.8M | — |
| SG&A | $13.3M | $16.3M | −$3.0M | -18% |
| Other operating costs | $229K | $3.3M | −$3.1M | -93% |
| Income tax benefit | $1K | −$69K | $70K | — |
| Net earnings | $6.2M | −$3.7M | $9.9M | — |
| Operating cash sources | $46.3M | $26.6M | $19.6M | +74% |
| Depreciation & amortization | $1.8M | $2.5M | −$678K | -28% |
| Share-based compensation | $1.3M | $1.9M | −$596K | -31% |
| Cash used in operations | $37.0M | $25.9M | $11.1M | +43% |
| Working capital & other | $46.3M | $26.6M | $19.6M | +74% |
Questions
How much did Matrix Service's revenue grow year over year in Q1 FY27?
Matrix Service's revenue rose $7.5M (+4%) from $212M in Q1 FY26 to $219M in Q1 FY27.
What drove Matrix Service's revenue change in Q1 FY27?
Utility and Power Infrastructure −$15.4M (-21%); Storage and Terminal Solutions +$13.4M (+12%); Process and Industrial Facilities +$9.5M (+34%).