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CIK 866273 · Environmental Engineering & Consulting
N/A
Market data as of N/A
Financials: LTM / latest available company filings
Sources: FMP, MTRX filings, SEC EDGAR
$343
Market cap ($MM)
$128
Enterprise value ($MM)
$845
Revenue · LTM ($MM)
($4)
EBITDA · LTM ($MM)
0%
EBITDA margin
0.2x
EV / revenue
NM
EV / EBITDA
NM
Net debt / EBITDA
Coverage
The analytical read on the name and the balance-sheet capacity behind the program.
Key points
Balance sheet & capacity
Indicative capacity read: public-market scale of $128MM enterprise value against $845MM revenue.
$233
Cash & equiv. ($MM)
$9
Total debt ($MM)
($224)
Net debt ($MM)
NM
Net debt / EBITDA
Valuation
MTRX versus the scaled public Environmental Engineering & Consulting comparables.
Indexed share-price performance
MTRX versus available Environmental Engineering & Consulting peers and SPY.
+20%
MTRX
N/A
Peer med.
+79%
SPY
Indexed to 100 from May 28, 2021 through May 26, 2026. Source: FMP month-end close history.
| Company | Ticker | Revenue ($MM) | EBITDA ($MM) | Margin | Market cap ($MM) | EV ($MM) | EV / rev | EV / EBITDA | Net debt / EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| Matrix Service Co. | MTRX | $845 | ($4) | 0% | $343 | $128 | 0.2x | NM | NM |
Financials via Financial Modeling Prep (SEC-derived TTM). EV/EBITDA distribution: each dot a live peer, band = interquartile range, line = median. Impossible values (EBITDA > revenue, negative-EBITDA multiples) shown NM.
M&A program
MTRX's disclosed acquisition footprint and the deals behind it.
Disclosed acquisitions
29
Active years
7
Named deals
5
Avg / active year
4.1
Acq. cash outflow ($MM)
N/A
Banker read
Annual acquisitions + disclosed spend
MTRX count bars show acquisition cadence; the spend line shows when the program required larger capital deployment.
Program diagnostics
Recent / prior
2 / 2
Last three years is broadly steady vs prior three.
Peak count year
FY09
2 disclosed acquisitions in the peak visible year.
Recent spend
$55.5MM
is broadly steady vs prior three; peak FY14 at $51.6MM.
Named evidence
5 rows
17% selected source-cited transaction coverage.
Selected transactions
| Date | Target | Segment | Consideration ($MM) | Strategic rationale | Source |
|---|---|---|---|---|---|
| Dec 21, 2013 | Kvaerner North American Construction Ltd. and Kvaerner North American Construction Inc. | Environmental engineering, consulting, and infrastructure services | $88 | Effective as of December 21, 2013, the Company acquired 100% of the stock of Kvaerner North American Construction Ltd. and substantially all of the assets of Kvaerner North Amer... | 10-K† |
| Dec 21, 2013 | Kvaerner North American Construction Ltd. and Kvaerner North American Construction Inc. | Environmental engineering, consulting, and infrastructure services | $52 | Effective as of December 21, 2013, the Company acquired 100% of the stock of Kvaerner North American Construction Ltd. and substantially all of the assets of Kvaerner North Amer... | 10-K† |
| Dec 21, 2013 | Kvaerner North American Construction Ltd. and Kvaerner North American Construction Inc. | Environmental engineering, consulting, and infrastructure services | $52 | Effective as of December 21, 2013, the Company acquired 100% of the stock of Kvaerner North American Construction Ltd. and substantially all of the assets of Kvaerner North Amer... | 10-K† |
| Dec 12, 2016 | Houston Interests, LLC | Environmental engineering, consulting, and infrastructure services | $43 | On December 12, 2016, the Company completed the acquisition of Houston Interests, LLC ("Houston Interests"), a premier global solutions company that provides consulting, enginee... | 10-K† |
| Feb 1, 2016 | Baillie Tank Equipment, Ltd. | Environmental engineering, consulting, and infrastructure services | $13 | On February 1, 2016, the Company completed the acquisition of all outstanding stock of Baillie Tank Equipment, Ltd. (“BTE”), an internationally-based company with nearly 20 year... | 10-K† |
Acquisitions disclosed/extracted from SEC filings; not necessarily full M&A history. Disclosed acquisition cash outflow is cumulative "payments for acquisitions, net of cash acquired" from the 10-K cash-flow statements (a cash outflow, not deal value). Built on 10 SEC-backed facts across 3 cited filings.
Evidence
A collapsed investigation trail for the SEC filings behind the financials, annual M&A cadence, named transactions, and management language.
Annual 10-Ks
21
Named deal filings
3
Recent SEC filings
0
Evidence clips
5
| Fiscal year | Filing date | Form | Status | Count | Cash spend | Purchase consideration | Source |
|---|---|---|---|---|---|---|---|
| FY2025 | Sep 10, 2025 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2024 | Sep 10, 2024 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2023 | Sep 12, 2023 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2022 | Oct 11, 2022 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2021 | Sep 13, 2021 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2020 | Sep 3, 2020 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2019 | Sep 4, 2019 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2017 | Sep 11, 2017 | Annual M&A 10-K | accepted | 1 | $40.8MM | $42.5MM | SEC filing |
| FY2016 | Sep 1, 2016 | Annual M&A 10-K | accepted | 1 | $13.0MM | $15.4MM | SEC filing |
| FY2015 | Sep 11, 2015 | Annual M&A 10-K | quarantined (1 warn, 1 issue) | 0 | $5.6MM | $5.6MM | SEC filing |
| FY2014 | Sep 8, 2014 | Annual M&A 10-K | quarantined (1 issue) | 1 | $51.6MM | $88.3MM | SEC filing |
| FY2013 | Sep 6, 2013 | Annual M&A 10-K | accepted | 1 | $9.4MM | $9.4MM | SEC filing |
| FY2012 | Sep 6, 2012 | Annual M&A 10-K | accepted | N/A | $0.2MM | $4.6MM | SEC filing |
| FY2011 | Sep 8, 2011 | Annual M&A 10-K | accepted | 1 | $3.8MM | $4.6MM | SEC filing |
| FY2010 | Sep 28, 2010 | Annual M&A 10-K | quarantined (1 issue) | 2 | N/A | $15.3MM | SEC filing |
| FY2009 | Aug 4, 2009 | Annual M&A 10-K | quarantined (1 issue) | 2 | $15.3MM | $15.3MM | SEC filing |
| FY2008 | Aug 5, 2008 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2007 | Aug 14, 2007 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2006 | Aug 4, 2006 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2005 | Aug 17, 2005 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2004 | Aug 13, 2004 | Annual M&A 10-K | accepted | 1 | N/A | N/A | SEC filing |
| Filing date | Form | Targets / topics | Support | Source |
|---|---|---|---|---|
| Sep 11, 2017 | 10-K | Houston Interests, LLC; Baillie Tank Equipment, Ltd. | Annual M&ANamed deals | SEC filing |
| Sep 11, 2015 | 10-K | Kvaerner North American Construction Ltd. and Kvaerner North American Construction Inc. | Annual M&ANamed deals | SEC filing |
| Sep 8, 2014 | 10-K | Kvaerner North American Construction Ltd. and Kvaerner North American Construction Inc. | Annual M&ANamed deals | SEC filing |
Kvaerner North American Construction
10-K - Sep 8, 2014
Effective as of December 21, 2013, the Company acquired 100% of the stock of Kvaerner North American Construction Ltd. and substantially all of the assets of Kvaerner North American Construction In...
Kvaerner North American Construction Ltd. and Kvaerner North American Construction Inc.
10-K - Sep 11, 2015
Effective as of December 21, 2013, the Company acquired 100% of the stock of Kvaerner North American Construction Ltd. and substantially all of the assets of Kvaerner North American Construction In...
Kvaerner North American Construction Ltd. and Kvaerner North American Construction Inc. acquisition
10-K - Sep 8, 2014
Effective as of December 21, 2013, the Company acquired 100% of the stock of Kvaerner North American Construction Ltd. and substantially all of the assets of Kvaerner North American Construction In...
Houston Interests, LLC
10-K - Sep 11, 2017
On December 12, 2016, the Company completed the acquisition of Houston Interests, LLC ("Houston Interests"), a premier global solutions company that provides consulting, engineering, design, constr...
Baillie Tank Equipment, Ltd.
10-K - Sep 11, 2017
On February 1, 2016, the Company completed the acquisition of all outstanding stock of Baillie Tank Equipment, Ltd. (“BTE”), an internationally-based company with nearly 20 years of experience in t...
Annual M&A counts and disclosed spend are extracted from SEC acquisition disclosures and cash-flow statements; named-deal rows carry direct filing links where the filing identifies the target or consideration.