Matrix Service (MTRX) Change in Receivables (2010 - 2026)
Matrix Service (MTRX) posted quarterly Change in Receivables of -$60.9 million for Q1 2026, down 187.19% year-over-year from $69.9 million in Q1 2025, and down 198.45% quarter-over-quarter from $61.9 million in Q4 2025.
Matrix Service (MTRX) Change in Receivables (2010 - 2026) Analysis & Trends
Matrix Service (MTRX) has reported Change in Receivables for 17 consecutive years, with -$60.9 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Change in Receivables fell 187.19% year-over-year to -$60.9 million; the TTM figure through Mar 2026 stood at -$24.0 million (down 141.48% YoY), while the FY2025 annual figure was $48.8 million, up 304.04% from the prior year.
- Change in Receivables fell to -$60.9 million in Q1 2026 per MTRX's latest filing, from $61.9 million in the prior quarter.
- Across five years, Change in Receivables topped out at $69.9 million in Q1 2025 and bottomed at -$60.9 million in Q1 2026.
- Historically, Change in Receivables has averaged $6.0 million across 5 years, with a median of $13.2 million in 2023.
- Annual changes were most pronounced in 2023 — Change in Receivables plunged 215.24% — and 2025, when it jumped 347.74%.
- Matrix Service's Change in Receivables stood at $32.7 million in 2022, then tumbled by 59.66% to $13.2 million in 2023, then gained by 4.63% to $13.8 million in 2024, then surged by 347.74% to $61.9 million in 2025, then plunged by 198.45% to -$60.9 million in 2026.
- Business Quant data shows MTRX's Change in Receivables at -$60.9 million in Q1 2026, $61.9 million in Q4 2025, and $15.1 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 102.18 Bn | 101.77 Bn | 1.55 Bn | 381.26 Mn |
| 2 | Comfort Systems Usa | 72.82 Bn | 70.97 Bn | 844.23 Mn | 418.40 Mn |
| 3 | Ferrovial | 47.62 Bn | 42.63 Bn | - | - |
| 4 | Emcor | 36.31 Bn | 35.39 Bn | 1.02 Bn | - |
| 5 | Mastec | 20.38 Bn | 20.19 Bn | 556.28 Mn | 148.43 Mn |
| 6 | Sterling Infrastructure | 19.23 Bn | 18.73 Bn | 194.30 Mn | - |
| 7 | APi | 17.20 Bn | 16.35 Bn | 703.00 Mn | 120.00 Mn |
| 8 | Jacobs Solutions | 16.40 Bn | 15.02 Bn | 794.89 Mn | 668.70 Mn |
| 9 | IES Holdings | 15.99 Bn | 15.73 Bn | 340.66 Mn | 66.79 Mn |
| 10 | Matrix Service | 336.42 Mn | 103.39 Mn | 17.15 Mn | -60.92 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -60.92 Mn |
| Mar 31, 2026 | -60.92 Mn |
| Dec 31, 2025 | 61.88 Mn |
| Dec 31, 2025 | 61.88 Mn |
| Sep 30, 2025 | 15.08 Mn |
| Sep 30, 2025 | 15.08 Mn |
| Jun 30, 2025 | -40.01 Mn |
| Jun 30, 2025 | -40.01 Mn |
| Mar 31, 2025 | 69.87 Mn |
| Mar 31, 2025 | 69.87 Mn |
| Dec 31, 2024 | 13.82 Mn |
| Dec 31, 2024 | 13.82 Mn |
| Sep 30, 2024 | 5.11 Mn |
| Sep 30, 2024 | 5.11 Mn |
| Jun 30, 2024 | -31.04 Mn |
| Jun 30, 2024 | -31.04 Mn |
| Mar 31, 2024 | 23.36 Mn |
| Mar 31, 2024 | 23.36 Mn |
| Dec 31, 2023 | 13.21 Mn |
| Dec 31, 2023 | 13.21 Mn |