The 80% GAAP EPS miss and 20% adjusted EPS miss vs consensus are likely to weigh on the stock near-term, despite the YoY revenue growth and profitability improvement. Monitor the Q1 FY2027 earnings call for guidance and backlog conversion, especially the book-to-bill ratio in Storage & Terminal Solutions (0.2x), which is the largest segment. The $7B pipeline and no-debt balance sheet provide a floor, but the EPS miss is the dominant signal.
Price Chart
Executive Summary
Matrix Service Company reported Q4 FY2026 revenue of $244.5M (up 13% YoY) and GAAP EPS of $0.04, missing the consensus estimate of $0.20 by 80%. Adjusted EPS of $0.16 also missed the $0.20 consensus. The company posted its second consecutive quarter of profitability, with adjusted EBITDA of $6.3M vs. a loss of $4.8M a year ago, and ended the quarter with $283.9M liquidity and no debt. However, the significant EPS miss and a book-to-bill ratio of just 0.7x (driven by a 0.2x in the largest segment) temper the positive revenue growth and backlog narrative.
Key Financial Metrics
Key Facts
- Revenue of $244.5M, up 13% YoY from $216.4M
- GAAP EPS of $0.04 vs consensus $0.20 (80% miss)
- Adjusted EPS of $0.16 vs consensus $0.20 (20% miss)
- Adjusted EBITDA of $6.3M vs -$4.8M in prior year
- Backlog of $953.2M; book-to-bill ratio of 0.7x
- Liquidity of $283.9M with no outstanding debt
- Storage & Terminal Solutions revenue up 43% to $137.4M
- Process & Industrial Facilities revenue down 29% to $33.6M
Financial Impact
EPS miss of $0.16 vs consensus $0.20 on adjusted basis; revenue beat of $244.5M vs $247.0M consensus (1% miss)
Risk Factors
- EPS miss of 80% on GAAP basis and 20% on adjusted basis vs consensus
- Book-to-bill ratio of 0.7x, with Storage & Terminal Solutions at just 0.2x
- Process & Industrial Facilities revenue down 29% YoY with gross margin compression
- Restructuring costs of $3.4M in the quarter, including workforce reductions
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3355483 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 7d ago | 8-K | $10.09 | awaiting T+20 | — | $9.67 (−4.16%) |
Oct 19, 2026 7d ago | Press Release | $10.09 | awaiting T+20 | — | $9.67 (−4.16%) |
Sep 2, 2026 7w ago | Press Release | $10.55 $10.28 | ▲ +2.56% | ▲ +1.37% | $9.67 (+8.34%) |
Aug 18, 2026 9w ago | Press Release | $11.43 $9.95 | ▼ −12.95% | ▼ −11.00% | $9.67 (−15.40%) |
Jun 15, 2026 19w ago | Insider Cluster | $13.90 $12.29 | ▼ −11.58% | ▼ −10.83% | $9.67 (−30.43%) |
Jun 14, 2026 19w ago | Institutional Cluster | $13.90 $12.29 | ▼ −11.58% | ▼ −10.83% | $9.67 (−30.43%) |
Jun 12, 2026 19w ago | Institutional Cluster | $13.71 $12.49 | ▼ −8.90% | ▼ −10.68% | $9.67 (−29.47%) |
Jun 11, 2026 19w ago | Institutional Cluster | $13.47 $12.75 | ▲ +5.35% | ▲ +7.24% | $9.67 (+28.21%) |
Apr 21, 2026 26w ago | Press Release | $12.02 $12.16 | ▲ +1.16% | ▼ −2.00% | $9.67 (−19.55%) |
US Market Status
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