Matrix Service (MTRX) Operating Expenses (2010 - 2026)
Matrix Service (MTRX) reported Operating Expenses of $15.2 million for Q1 2026, down 14.17% year-over-year from $17.7 million in Q1 2025, and up 0.68% quarter-over-quarter from $15.1 million in Q4 2025.
Matrix Service (MTRX) Operating Expenses (2010 - 2026) Analysis & Trends
Matrix Service (MTRX) has 17 years of Operating Expenses data on file, last reported at $15.2 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at $15.2 million, down 14.17% year-over-year; the trailing twelve-month figure through Mar 2026 was $64.2 million (down 9.37% YoY), and the FY2025 annual result was $71.2 million, up 1.55% from the prior year.
- Operating Expenses improved to $15.2 million in Q1 2026 per MTRX's latest filing, from $15.1 million in the prior quarter.
- Over five years, Operating Expenses peaked at $19.9 million in Q1 2024 and troughed at $15.1 million in Q4 2025.
- A 5-year average of $17.3 million and a median of $17.3 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses fell 18.78% in 2022, then climbed 16.13% in 2024.
- A 5-year view of Operating Expenses shows it stood at $18.8 million in 2022, then slipped by 16.43% to $15.7 million in 2023, then grew by 9.88% to $17.3 million in 2024, then fell by 12.58% to $15.1 million in 2025, then advanced by 0.68% to $15.2 million in 2026.
- Business Quant data shows MTRX's Operating Expenses at $15.2 million in Q1 2026, $15.1 million in Q4 2025, and $16.3 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 103.56 Bn | 103.29 Bn | 1.11 Bn | 620.73 Mn |
| 2 | Comfort Systems Usa | 64.33 Bn | 63.28 Bn | 754.41 Mn | 269.00 Mn |
| 3 | Emcor | 36.81 Bn | 35.90 Bn | 863.95 Mn | 460.11 Mn |
| 4 | Mastec | 27.54 Bn | 27.38 Bn | 477.90 Mn | 297.49 Mn |
| 5 | Sterling Infrastructure | 25.78 Bn | 25.28 Bn | 194.30 Mn | 49.26 Mn |
| 6 | APi | 18.83 Bn | 18.18 Bn | 620.00 Mn | 517.00 Mn |
| 7 | Jacobs Solutions | 14.81 Bn | 13.43 Bn | 794.89 Mn | 876.07 Mn |
| 8 | IES Holdings | 14.35 Bn | 14.09 Bn | 254.79 Mn | 142.57 Mn |
| 9 | Dycom Industries | 13.61 Bn | 12.90 Bn | - | - |
| 10 | Matrix Service | 377.17 Mn | 144.15 Mn | 17.15 Mn | 15.22 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 15.22 Mn |
| Dec 31, 2025 | 15.11 Mn |
| Sep 30, 2025 | 16.33 Mn |
| Jun 30, 2025 | 17.58 Mn |
| Mar 31, 2025 | 17.73 Mn |
| Dec 31, 2024 | 17.29 Mn |
| Sep 30, 2024 | 18.58 Mn |
| Jun 30, 2024 | 17.29 Mn |
| Mar 31, 2024 | 19.95 Mn |
| Dec 31, 2023 | 15.73 Mn |
| Sep 30, 2023 | 17.11 Mn |
| Jun 30, 2023 | 17.29 Mn |
| Mar 31, 2023 | 17.18 Mn |
| Dec 31, 2022 | 18.82 Mn |
| Sep 30, 2022 | 18.10 Mn |
| Jun 30, 2022 | 19.02 Mn |
| Mar 31, 2022 | 15.46 Mn |
| Dec 31, 2021 | 16.62 Mn |
| Sep 30, 2021 | 17.23 Mn |
| Jun 30, 2021 | 17.90 Mn |