Matrix Service Co (Matrix Service Co) Gross Margin % : 6.05% (As of Dec. 2023)

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What is Matrix Service Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Matrix Service Co's Gross Profit for the three months ended in Dec. 2023 was $10.6 Mil. Matrix Service Co's Revenue for the three months ended in Dec. 2023 was $175.0 Mil. Therefore, Matrix Service Co's Gross Margin % for the quarter that ended in Dec. 2023 was 6.05%.

The historical rank and industry rank for Matrix Service Co's Gross Margin % or its related term are showing as below:

MTRX' s Gross Margin % Range Over the Past 10 Years
Min: -0.17 Med: 7.59 Max: 10.8
Current: 5.43

During the past 13 years, the highest Gross Margin % of Matrix Service Co was 10.80%. The lowest was -0.17%. And the median was 7.59%.

MTRX's Gross Margin % is ranked worse than
88.14% of 1610 companies
in the Construction industry
Industry Median: 19.125 vs MTRX: 5.43

Matrix Service Co had a gross margin of 6.05% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Matrix Service Co was 0.00% per year.

Matrix Service Co Gross Margin % Historical Data

The historical data trend for Matrix Service Co's Gross Margin % can be seen below:

* 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.

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Matrix Service Co Gross Margin % Chart

Matrix Service Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Gross Margin %

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9.31

9.28

4.87

-0.17

3.88

Matrix Service Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															-0.67	2.36	7.14	6.00	6.05

Competitive Comparison of Matrix Service Co's Gross Margin %

For the Engineering & Construction subindustry, Matrix Service Co's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Service Co's Gross Margin % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Matrix Service Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Matrix Service Co's Gross Margin % falls into.

Matrix Service Co Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Matrix Service Co's Gross Margin for the fiscal year that ended in Jun. 2023 is calculated as

Gross Margin % (A: Jun. 2023 )	=	Gross Profit (A: Jun. 2023 )	/	Revenue (A: Jun. 2023 )
	=	30.8	/	795.02
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(795.02 - 764.2)	/	795.02
	=	3.88 %

Matrix Service Co's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	10.6	/	175.042
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(175.042 - 164.453)	/	175.042
	=	6.05 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Matrix Service Co (NAS:MTRX) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Matrix Service Co had a gross margin of 6.05% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Matrix Service Co Gross Margin % Related Terms

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Matrix Service Co (Matrix Service Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Matrix Service Co (NAS:MTRX) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

MX2:Germany MX2:Germany

Address

15 East, 5th Street, Suite 1100, Tulsa, OK, USA, 74103

Website

https://www.matrixservice.com

Matrix Service Co is an engineering and construction provider for large industrial projects, primarily in the oil and gas, power, petrochemical, industrial, mining, and minerals markets. It offers engineering, fabrication, construction, and maintenance services, operating across three segments namely Utility and Power Infrastructure; Process and Industrial Facilities and Storage and Terminal Solutions.

Executives

Justin D Sheets	officer: Vice President, Legal & Risk	5100 EAST SKELLY DRIVE, SUITE 100, TULSA OK 74135
James Harry Miller	director	5100 EAST SKELLY DRIVE, SUITE 700, TULSA OK 74135
John R Hewitt	officer: President & CEO	5100 EAST SKELLY DRIVE, SUITE 700, TULSA OK 74135
Douglas J Montalbano	officer: President, Matrix NAC	15 EAST 15TH STREET, SUITE 1100, TULSA OK 74103
Shawn P Payne	officer: President, Matrix Service	5100 EAST SKELLY DRIVE, SUITE 100, TULSA OK 74135
Bustamante Jose Luis M.	director	C/O FLUOR CORPORATION, 6700 LAS COLINAS BLVD., IRVING TX 75039
Kevin A Durkin	officer: VP BUS DEVELOPMENT MSI	5100 EAST SKELLY DRIVE, SUITE 700, TULSA OK 74135
John D Chandler	director	ONE WILLIAMS CENTER, MD 4700, TULSA OK 74172
Kevin S Cavanah	officer: VP - Accounting & Fin Report	5100 EAST SKELLY DRIVE, SUITE 700, TULSA OK 74135
Carlin G. Conner	director	6120 SOUTH YALE AVE., SUITE 1500, TULSA OK 74136
Nancy E Downs	officer: Vice President/Human Resources	5100 EAST SKELLY DRIVE, SUITE 700, TULSA OK 74135
Joseph F Montalbano	officer: VP / Chief Operating Officer	5100 EAST SKELLY DRIVE, SUITE 700, TULSA OK 74135
Glyn A Rodgers	officer: President, Matrix PDM Eng	5100 EAST SKELLY DRIVE, SUITE 100, TULSA OK 74135
Alan R Updyke	officer: President, Matrix Service	5100 EAST SKELLY DRIVE, SUITE 500, TULSA OK 74135
Rick J Bennett	officer: VP & Chief Information Officer	5100 EAST SKELLY DRIVE, SUITE 700, TULSA OK 74135