Estados financieros detallados de Matrix Service Company (MTRX): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Matrix Service Company registró ingresos de $873.6M en el último ejercicio fiscal, con un CAGR de 5 años del 5.3%.
Márgenes de los últimos 12 meses: margen bruto 7.3%, margen operativo -0.4%, margen neto -0.3%.
Al precio actual de $9.97, MTRX presenta beneficios negativos (P/E no significativo) y un ROE del -1.86%. La capitalización bursátil es de $280M.
Cuenta de Resultados (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Ingresos | $1.20B | $1.09B | $1.42B | $1.10B | $673.4M | $707.8M | $795.0M | $728.2M | $769.3M | $873.6M |
| Coste de Ventas | $1.12B | $999.6M | $1.28B | $998.8M | $640.6M | $709.0M | $764.2M | $687.7M | $729.6M | $809.7M |
| Beneficio Bruto | $81.0M | $91.9M | $132.0M | $102.2M | $32.8M | -$1.2M | $30.8M | $40.5M | $39.7M | $64.0M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $76.1M | $84.4M | $94.0M | $86.3M | $69.8M | $67.7M | $68.2M | $70.1M | $71.2M | $63.6M |
| Gastos Operativos | $76.1M | $84.4M | $94.0M | $138.8M | $76.5M | $86.6M | $83.7M | $70.6M | $74.7M | $73.6M |
| Beneficio Operativo | $4.9M | -$10.5M | $37.8M | -$36.6M | -$43.7M | -$87.9M | -$52.9M | -$30.1M | -$35.1M | -$9.6M |
| EBITDA | $27.1M | $10.8M | $56.2M | -$15.9M | -$23.8M | -$40.1M | -$37.0M | -$12.9M | -$18.5M | $6.9M |
| Gastos por Intereses | $2.2M | $2.6M | $1.3M | $1.6M | $1.6M | $3.0M | $2.0M | $1.1M | $518000 | $437000 |
| Beneficio Antes de Impuestos | $2.4M | -$12.1M | $38.4M | -$36.6M | -$43.3M | -$58.3M | -$52.8M | -$25.0M | -$29.0M | -$2.2M |
| Impuestos | $2.3M | -$668000 | $10.4M | -$3.6M | -$12.0M | $5.6M | -$400000 | -$36000 | $464000 | $356000 |
| Beneficio Neto | -$183000 | -$11.5M | $28.0M | -$33.1M | -$31.2M | -$63.9M | -$52.4M | -$25.0M | -$29.5M | -$2.6M |
| BPA | $-0.01 | $-0.43 | $1.04 | $-1.24 | $-1.18 | $-2.39 | $-1.94 | $-0.91 | $-1.06 | $-0.09 |
| BPA Diluido | $-0.01 | $-0.43 | $1.01 | $-1.24 | $-1.18 | $-2.39 | $-1.94 | $-0.91 | $-1.06 | $-0.09 |
| Acciones en Circulación (Diluidas) | $26.5M | $26.8M | $27.6M | $26.6M | $26.5M | $26.7M | $27.0M | $27.4M | $27.8M | $28.3M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $211.9M | $210.5M | $206.7M | $244.5M |
| Beneficio Bruto | $14.2M | $13.1M | $17.2M | $19.5M |
| Beneficio Operativo | -$2.2M | -$2.0M | $1.9M | -$891000 |
| EBITDA | -$1.0M | $1.6M | $3.0M | $3.3M |
| Beneficio Neto | -$3.7M | -$894000 | $835000 | $1.1M |
| BPA | $-0.13 | $-0.03 | $0.03 | $0.04 |
| BPA Diluido | $-0.13 | $-0.03 | $0.03 | $0.04 |
Balance (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Caja y Equivalentes | $43.8M | $64.1M | $89.7M | $100.0M | $83.9M | $52.4M | $54.8M | $115.6M | $224.6M | $223.0M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $306.2M | $283.4M | $314.5M | $224.1M | $165.0M | $212.2M | $191.1M | $173.1M | $184.9M | $201.2M |
| Inventario | $3.7M | $5.2M | $8.0M | $6.5M | $7.3M | $10.0M | $7.4M | $8.8M | $5.9M | $6.2M |
| Activos Corrientes | $358.6M | $357.0M | $417.3M | $335.2M | $291.2M | $287.4M | $262.3M | $301.6M | $419.8M | $435.6M |
| Inmovilizado Material | $80.3M | $72.6M | $79.3M | $102.1M | $91.8M | $75.9M | $69.3M | $62.6M | $59.9M | $51.1M |
| Fondo de Comercio | $113.5M | $96.2M | $93.4M | $60.4M | $60.6M | $42.1M | $29.1M | $29.0M | $29.0M | $28.9M |
| Activos Intangibles | $26.3M | $22.8M | $19.5M | $8.8M | $6.6M | $4.8M | $3.1M | $1.7M | $555000 | 0 |
| Activos Totales | $586.0M | $558.0M | $633.4M | $517.3M | $467.6M | $440.8M | $400.5M | $451.4M | $600.3M | $602.6M |
| Cuentas por Pagar | $105.6M | $79.4M | $114.6M | $73.1M | $60.9M | $74.9M | $76.4M | $65.6M | $80.5M | $108.7M |
| Deuda a Corto | 0 | 0 | 0 | $7.6M | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Corrientes | $219.0M | $238.5M | $275.5M | $175.9M | $153.4M | $177.8M | $187.5M | $265.1M | $436.4M | $442.4M |
| Deuda a Largo | $44.7M | 0 | $5.3M | $9.2M | 0 | $15.0M | $10.0M | 0 | 0 | 0 |
| Pasivos Totales | $264.2M | $239.2M | $281.4M | $209.4M | $182.0M | $213.1M | $219.0M | $287.2M | $457.5M | $460.8M |
| Reservas | $223.0M | $211.5M | $239.5M | $206.4M | $175.2M | $111.3M | $58.9M | $33.9M | $4.5M | $1.9M |
| Patrimonio Neto | $321.8M | $318.8M | $352.0M | $307.9M | $285.5M | $227.7M | $181.5M | $164.2M | $142.7M | $141.9M |
| Deuda Total | $44.7M | 0 | $5.3M | $36.8M | $26.5M | $40.6M | $35.3M | $22.9M | $21.4M | $19.5M |
| Deuda Neta | $877000 | -$64.1M | -$84.4M | -$63.3M | -$57.4M | -$11.8M | -$19.5M | -$92.7M | -$203.2M | -$203.5M |
| Capital Circulante | $139.7M | $118.6M | $141.8M | $159.2M | $137.8M | $109.6M | $74.7M | $36.5M | -$16.6M | -$6.8M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $192.3M | $199.0M | $233.0M | $223.0M |
| Activos Totales | $598.2M | $650.2M | $616.5M | $602.6M |
| Pasivos Totales | $461.9M | $512.6M | $477.1M | $460.8M |
| Patrimonio Neto | $136.3M | $137.6M | $139.4M | $141.9M |
| Deuda Total | $20.4M | $19.4M | $18.7M | $19.5M |
Flujo de Caja (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Beneficio Neto | $138000 | -$11.5M | $28.0M | -$33.1M | -$31.2M | -$63.9M | -$52.4M | -$25.0M | -$29.5M | -$2.6M |
| Amortizaciones | $21.6M | $20.3M | $18.2M | $19.1M | $17.9M | $15.3M | $13.7M | $11.0M | $10.0M | $8.6M |
| Compensación en Acciones | $7.5M | $8.6M | $11.9M | $9.9M | $8.2M | $7.9M | $6.8M | $7.7M | $8.9M | $7.1M |
| Cambio en Capital Circulante | -$47.3M | $40.5M | -$18.2M | $7.7M | $1.6M | -$6.4M | $32.5M | $82.3M | $127.8M | -$8.8M |
| Flujo de Caja Operativo | -$18.7M | $74.7M | $41.4M | $44.1M | -$3.0M | -$54.2M | $10.2M | $72.6M | $117.5M | $6.9M |
| Inversiones (CapEx) | -$11.9M | -$8.7M | -$19.6M | -$18.5M | -$4.4M | -$3.3M | -$9.0M | -$7.0M | -$7.7M | -$5.5M |
| Adquisiciones | -$40.8M | -$1.7M | $3.9M | $1.4M | $2.1M | 0 | $6.5M | 0 | 0 | 0 |
| Recompra de Acciones | -$2.3M | -$627000 | -$6.9M | -$20.6M | -$1.6M | 0 | -$310000 | -$456000 | -$1.2M | -$4.2M |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$30.7M | $66.0M | $21.8M | $25.5M | -$7.3M | -$57.5M | $1.2M | $65.6M | $109.8M | $1.4M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$25.9M | $7.5M | $34.2M | -$8.8M |
| Inversiones (CapEx) | -$2.0M | -$1.2M | -$917000 | -$1.4M |
| Flujo de Caja Libre | -$27.9M | $6.3M | $33.2M | -$10.2M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $1.9M | $2.1M | $1.4M | $1.7M |
Crecimiento y Márgenes (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Crecimiento Ingresos (anual) | | -8.8% | +29.8% | -22.3% | -38.8% | +5.1% | +12.3% | -8.4% | +5.6% | +13.6% |
| Crecimiento Beneficio Neto (anual) | | -6173.2% | +343.7% | -218.2% | +5.6% | -104.7% | +18.1% | +52.3% | -18.0% | +91.2% |
| Crecimiento BPA (anual) | | -6131.9% | +341.9% | -219.2% | +4.8% | -102.5% | +18.8% | +53.1% | -16.5% | +91.5% |
| Cambio en Acciones (anual) | | +0.9% | +3.1% | -3.5% | -0.6% | +1.1% | +1.0% | +1.4% | +1.4% | +1.9% |
| Crecimiento FCF (anual) | | +315.2% | -66.9% | +17.0% | -128.7% | -685.5% | +102.2% | +5197.0% | +67.4% | -98.7% |
| Margen Bruto | 6.8% | 8.4% | 9.3% | 9.3% | 4.9% | -0.2% | 3.9% | 5.6% | 5.2% | 7.3% |
| Margen Operativo | 0.4% | -1.0% | 2.7% | -3.3% | -6.5% | -12.4% | -6.7% | -4.1% | -4.6% | -1.1% |
| Margen EBITDA | 2.3% | 1.0% | 4.0% | -1.4% | -3.5% | -5.7% | -4.7% | -1.8% | -2.4% | 0.8% |
| Margen Neto | -0.0% | -1.1% | 2.0% | -3.0% | -4.6% | -9.0% | -6.6% | -3.4% | -3.8% | -0.3% |
| Margen FCF | -2.6% | 6.0% | 1.5% | 2.3% | -1.1% | -8.1% | 0.2% | 9.0% | 14.3% | 0.2% |
| Tasa Impositiva Efectiva | 94.4% | 5.5% | 27.2% | 9.7% | 27.8% | -9.6% | 0.8% | 0.1% | -1.6% | -16.0% |
Datos por Acción (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| FCF por Acción | $-1.16 | $2.46 | $0.79 | $0.96 | $-0.28 | $-2.15 | $0.05 | $2.40 | $3.95 | $0.05 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $26.5M | $26.7M | $26.9M | $26.6M | $26.5M | $26.7M | $27.0M | $27.4M | $27.8M | $28.3M |
Qué mirar en Industrials
Aeroespacial, defensa, maquinaria, transporte. Semi-cíclicos. Clave: backlog, márgenes operativos, y conversión de FCF.
- Crecimiento ingresos 5y — Sin crecimiento, no hay creación de valor a largo plazo
- Margen operativo — El mejor indicador de disciplina operativa en industriales
- ROIC — Industriales de calidad tienen ROIC >15% — el resto destruyen capital
- FCF conversion — FCF / Net Income — en industriales bueno >85%
- Deuda neta / EBITDA — Industriales cíclicos con deuda alta sufren mucho en recesión
- Capex / Ingresos — Mantener la maquinaria. <4% = posible infraversión (deterioro futuro)
- Altman Z-Score — Modelo de bankruptcy (NYU 1968) — combina liquidez, apalancamiento y rentabilidad. Clave en cíclicos
Rentabilidad
| Rentabilidad sobre capital | -1.86% |
| Rentabilidad sobre capital invertido | -1.87% |
| Rentabilidad sobre activos | -0.43% |
| Margen bruto | 7.32% |
| Margen operativo | -0.35% |
| Margen neto | -0.30% |
Salud financiera
| Deuda / Patrimonio | 0.14 |
| Ratio corriente | 0.98 |
Ratios Clave (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| P/E | -1355.07 | -42.67 | 19.60 | -7.84 | -8.90 | -2.12 | -3.04 | -10.40 | -12.75 | -152.22 |
| P/VC | 0.77 | 1.54 | 1.56 | 0.84 | 0.97 | 0.59 | 0.88 | 1.58 | 2.63 | 2.73 |
| P/V | 0.21 | 0.45 | 0.39 | 0.24 | 0.41 | 0.19 | 0.20 | 0.36 | 0.49 | 0.44 |
| Margen Bruto | 6.8% | 8.4% | 9.3% | 9.3% | 4.9% | -0.2% | 3.9% | 5.6% | 5.2% | 7.3% |
| Margen Operativo | 0.4% | -1.0% | 2.7% | -3.3% | -6.5% | -12.4% | -6.7% | -4.1% | -4.6% | -1.1% |
| Margen Neto | -0.0% | -1.1% | 2.0% | -3.0% | -4.6% | -9.0% | -6.6% | -3.4% | -3.8% | -0.3% |