Matrix Service Company MTRX

Competitive advantage analysis · industrials

Corporate Default
Overall moat score
38/100
Developing

About Matrix Service Company

Matrix Service Company provides engineering, fabrication, construction, and maintenance services to support critical energy infrastructure and industrial markets in the United States, Canada, and internationally. The company's Storage and Terminal Solutions segment offers engineering, procurement, fabrication, and construction services related to cryogenic, specialty tanks, and terminals for LNG, NGLs, hydrogen, ammonia, propane, butane, liquid nitrogen/liquid oxygen, and liquid petroleum; and … Full MTRX analysis →

Competitive advantage assessment

Key strengths

  • Revenue Growth Consistent Revenue growth volatility is low (stability score 0.80), suggesting sticky customer base.
  • Operating Leverage in Effect Operating leverage is evident (score 0.91), with margins expanding over time.

Key risks

  • Commodity Pressure / Weak Differentiation Gross margin at 17.8th percentile with high volatility suggests weak pricing power or commoditized products.
  • ROIC Below WACC or Peers ROIC at 25.0th percentile suggests inefficient capital deployment.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Weak
20

Where MTRX ranks in Engineering & Construction

Matrix Service Company ranks #34 of 49 scored companies in Engineering & Construction by moat score — the top 69%. The widest moat in the group is Sterling Infrastructure, Inc. (STRL) at 79/100.

Moat scores for companies ranked near MTRX in Engineering & Construction
# Company Moat score Rating
30 Skyline Builders Group Holding SKBL 42/100 Developing
31 Orion Group Holdings, Inc. ORN 42/100 Developing
32 INNOVATE Corp. VATE 39/100 Developing
33 Fluor Corporation FLR 39/100 Developing
34 Matrix Service Company MTRX 38/100 Developing
35 Energy Services of America Corp ESOA 32/100 Developing
36 Shimmick Corporation SHIM 25/100 Developing
37 OneConstruction Group Ltd ONEG 24/100 Weak
38 SKK Holdings Limited SKK 23/100 Weak

See every General Corporate company ranked by moat score →

How MTRX scores on the Corporate Default defenses

Pricing Power

Score 20 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 52 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 49 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 23 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 41 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 50 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding MTRX's moat

What is Matrix Service Company's moat score?

Matrix Service Company (MTRX) scores 38 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #34 of 49 scored companies in Engineering & Construction, the top 69%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 48 companies in Engineering & Construction. Its strongest defense is Cost Advantage (52/100) and its weakest is Pricing Power (20/100).

How does Matrix Service Company compare with other Engineering & Construction companies?

Matrix Service Company ranks #34 of 49 scored companies in Engineering & Construction by moat score. The widest moat in Engineering & Construction is Sterling Infrastructure, Inc. (STRL) at 79/100. The companies ranked closest are Fluor Corporation (FLR) at 39 just above it and Energy Services of America Corp (ESOA) at 32 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 48 companies in Engineering & Construction. The defenses are then weighted to produce the overall score out of 100.

Why is Matrix Service Company scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Matrix Service Company?

The Corporate Default template measures 6 defenses, and MTRX scores: Pricing Power (20), Cost Advantage (52), Customer Stickiness (49), Capital Efficiency (23), Resilience (41), Scale & Market Position (50). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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