Filing Flows › Matrix Service (MTRX) › Q3 FY26
Matrix Service (MTRX) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed May 7, 2026
Matrix Service (MTRX) reported revenue of $207M for the third quarter fiscal 2026 (Q3 FY26), +3% from a year earlier and -2% from the quarter before. Operating margin was -0.5%, net earnings $835K (0.4% of revenue).
Matrix Service, Q3 FY26: revenue $207M (+3% year over year), operating margin -0.5%, net earnings $835K, operating cash flow $34.2M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $207M | -2% | +3% |
| Operating profit | −$1.0M | — | — |
| Net earnings | $835K | — | — |
| Operating cash flow | $34.2M | +358% | +9% |
| Free cash flow | $33.2M | +430% | +16% |
What changed
Revenue was $206.7M in Q3 FY26, up 3% year over year and down 2% from the previous quarter. Storage and Terminal Solutions was the largest line at 54% of revenue. Storage and Terminal Solutions added $15.6M year over year (up 16%), 238% of the total change. Process and Industrial Facilities declined 23%.
Gross margin was 8.3%, up 1.9 points from Q3 FY25. Operating costs exceeded revenue by $1.0M, an operating margin of -0.5%. Operating expenses grew 2% against revenue growth of 3%. The fastest-growing cost line was Other operating costs (+2308%). Net earnings were $835K. The effective tax rate was 4.0%. Non-operating items added $1.9M, 220% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $34.2M (up 9% year over year), 4091% of net earnings. Non-cash charges added back $2.0M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items added $29.9M. Capital expenditures of $917K left free cash flow of $33.2M.
Questions
What was Matrix Service's revenue in the third quarter fiscal 2026?
Matrix Service (MTRX) reported revenue of $207M for the third quarter fiscal 2026 (Q3 FY26), +3% from a year earlier and -2% from the quarter before.
Was Matrix Service profitable in the third quarter fiscal 2026?
Operating loss was $1.0M (-0.5% of revenue) and net earnings $835K.
Source: Matrix Service 10-Q on SEC EDGAR.