Matrix Composites & Engineering (ASX:MCE) EBIT: A$-10.20 Mil (TTM As of Dec. 2025)

What is Matrix Composites & Engineering EBIT?

Matrix Composites & Engineering ASX:MCE 38 EBIT is A$-10.20 Mil as of Dec. 2025. GuruFocus rates ASX:MCE with a GF Score™ of 38/100 and a GF Value™ of A$0.38 (Fairly Valued). The stock has 10 warning signs investors should review.

Matrix Composites & Engineering's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was A$-8.32 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was A$-10.20 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Matrix Composites & Engineering's annualized ROC % for the quarter that ended in Dec. 2025 was -42.39%. Matrix Composites & Engineering's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -41.06%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Matrix Composites & Engineering's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -9.27%.

Matrix Composites & Engineering (ASX:MCE) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Matrix Composites & Engineering's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

	ROC % (Q: Dec. 2025 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2025 )	+	Invested Capital (Q: Dec. 2025 ))	/ count )
=	-21.65 * ( 1 - 0% )	/	( (53.056	+	49.096)	/ 2 )
=	-21.65	/	51.076
=	-42.39 %

where

	Invested Capital		(Q: Jun. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	80.777	-	9.378	-	( 18.343	-	max(0, 19.553	-	46.486	+	18.343	))
=	53.056

	Invested Capital		(Q: Dec. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	78.49	-	11.367	-	( 18.027	-	max(0, 18.546	-	44.159	+	18.027	))
=	49.096

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Matrix Composites & Engineering's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2025 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2025		Q: Dec. 2025
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-16.644	/	( ( (33.236 + max(4.939, 0))	+	(32.98 + max(9.907, 0)) )	/	2 )
=	-16.644	/	( ( 38.175	+	42.887 )	/	2 )
=	-16.644	/	40.531
=	-41.06 %

where Working Capital is:

	Working Capital		(Q: Jun. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(6.301	+	9.2	+	1.15)	-	(9.378	+	0	+	2.334)
=	4.939

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(12.212	+	12.48	+	1.44)	-	(11.367	+	0	+	4.858)
=	9.907

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Matrix Composites & Engineering's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2025 )
	=	-10.199	/	109.978
	=	-9.27 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Matrix Composites & Engineering EBIT Related Terms

Matrix Composites & Engineering EBIT Historical Data

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The historical data trend for Matrix Composites & Engineering's EBIT can be seen below:

Matrix Composites & Engineering EBIT Chart

Matrix Composites & Engineering Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Jun25

EBIT

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-27.85

-5.01

10.80

5.22

0.37

Matrix Composites & Engineering Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
EBIT	Get a 7-Day Free Trial															-3.13	8.35	2.25	-1.88	-8.32

ASX:MCE vs PWR, FIX, EME: EBIT Comparison

For the Engineering & Construction subindustry, Matrix Composites & Engineering's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Matrix Composites & Engineering EV-to-EBIT vs Construction Industry

For the Construction industry and Industrials sector, Matrix Composites & Engineering's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Matrix Composites & Engineering's EV-to-EBIT falls into.

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38GF Score

Matrix Composites & Engineering Ltd ASX:MCE

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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Matrix Composites & Engineering EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-10.20 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of A$-10.20 Mil mean?

Matrix Composites & Engineering (ASX:MCE) has a EBIT of A$-10.20 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Matrix Composites & Engineering.

Is Matrix Composites & Engineering's EBIT too high?

Matrix Composites & Engineering's current EBIT is A$-10.20 Mil. Overall, Matrix Composites & Engineering has a GF Score™ of 38/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Matrix Composites & Engineering's EBIT compare to PWR and FIX?

Matrix Composites & Engineering's EBIT of A$-10.20 Mil can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good EBIT for a Construction company?

A good EBIT depends on the Construction industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Matrix Composites & Engineering. Matrix Composites & Engineering's current EBIT is A$-10.20 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Matrix Composites & Engineering stock overvalued right now?

Based on GuruFocus' analysis, Matrix Composites & Engineering (ASX:MCE) is currently considered Fairly Valued. The stock's GF Value™ is A$0.38, compared to a current price of A$0.40 — trading 3.9% above its estimated fair value. The current EBIT is A$-10.20 Mil. Matrix Composites & Engineering's overall GF Score™ is 38/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is EBIT calculated?

EBIT is calculated from a company's financial statements. For Matrix Composites & Engineering (ASX:MCE), the current EBIT is A$-10.20 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Matrix Composites & Engineering (ASX:MCE) Overvalued in 2026?

Based on GuruFocus' analysis, Matrix Composites & Engineering stock appears to be overvalued. The current stock price of A$0.40 is trading 3.9% above its estimated GF Value™ of A$0.38. GuruFocus considers Matrix Composites & Engineering to be Fairly Valued.

Key valuation signals for ASX:MCE:

EBIT: A$-10.20 Mil
GF Value™: A$0.38 vs. price of A$0.40 (3.9% above fair value)
GF Score™: 38/100 with 10 warning signs

No single metric tells the full story. See the ASX:MCE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Matrix Composites & Engineering Business Description

Industry Industrials Construction

Comparable Companies ASX:EVZ ASX:VBC ASX:SND ASX:VRS ASX:BSA ASX:SOP ASX:WSI ASX:FWD ASX:PKD ASX:ACF PWR XPAR:DG FIX NSE:LT XAMS:FER XKRX:028260 XTER:HOT XMAD:ACS EME MTZ

Other Exchanges 8ME:Germany

Address 150 Quill Way, Henderson, Perth, WA, AUS, 6166

Website https://www.matrixengineered.com

Matrix Composites & Engineering Ltd is a manufacturer of engineered products and services for the offshore oil and gas, civil and infrastructure, and defence industry. The group is also involved in the businesses of manufacturing and supplying capital drilling equipment, consisting of syntactic foam buoyancy; manufacturing and supply of subsea umbilical risers and flowline (SURF) ancillary equipment and associated services; and manufacturing and supply of well construction products, including centralizers and conductors. Its products consist of buoyancy systems, epoxy resin systems, energy absorption systems, reinforced thermoplastics, and others. Geographically, it derives maximum revenue from Brazil and rest from Australia, Japan, China, the United States of America, and other regions.

38GF Score

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EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$0.40

Price

A$0.38

GF Value

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