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Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) and MATRIX SERVICE CO (MTRX). Click either name above to swap in a different company.
MATRIX SERVICE CO is the larger business by last-quarter revenue ($210.5M vs $104.1M, roughly 2.0× GRID DYNAMICS HOLDINGS, INC.). MATRIX SERVICE CO runs the higher net margin — -0.4% vs -1.4%, a 1.0% gap on every dollar of revenue. On growth, MATRIX SERVICE CO posted the faster year-over-year revenue change (12.5% vs 3.7%). Over the past eight quarters, MATRIX SERVICE CO's revenue compounded faster (12.6% CAGR vs 12.0%).
Escape Dynamics, Inc. was a Colorado-based technology company that operated 2010–2015 focused on bringing to market single-stage-to-orbit reusable electromagnetically powered spaceplanes.
Matrix Telecom, Inc., operating as Matrix Business Technologies, Trinsic, Powered by Matrix, Excel Telecommunications and various other niche brands is a United States telecommunications firm that provides voice and data services to consumers and small and medium businesses as well as multi-location distributed enterprise markets. The firm also provides wholesale voice services to the telecommunications, wireless and cable industries.
GDYN vs MTRX — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $104.1M | $210.5M |
| Net Profit | $-1.5M | $-894.0K |
| Gross Margin | 34.8% | 6.2% |
| Operating Margin | 61.7% | -1.0% |
| Net Margin | -1.4% | -0.4% |
| Revenue YoY | 3.7% | 12.5% |
| Net Profit YoY | -150.6% | 83.8% |
| EPS (diluted) | $-0.02 | $-0.03 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $104.1M | — | ||
| Q4 25 | $106.2M | $210.5M | ||
| Q3 25 | $104.2M | $211.9M | ||
| Q2 25 | $101.1M | $216.4M | ||
| Q1 25 | $100.4M | $200.2M | ||
| Q4 24 | $100.3M | $187.2M | ||
| Q3 24 | $87.4M | $165.6M | ||
| Q2 24 | $83.0M | $189.5M |
| Q1 26 | $-1.5M | — | ||
| Q4 25 | $306.0K | $-894.0K | ||
| Q3 25 | $1.2M | $-3.7M | ||
| Q2 25 | $5.3M | $-11.3M | ||
| Q1 25 | $2.9M | $-3.4M | ||
| Q4 24 | $4.5M | $-5.5M | ||
| Q3 24 | $4.3M | $-9.2M | ||
| Q2 24 | $-817.0K | $-4.4M |
| Q1 26 | 34.8% | — | ||
| Q4 25 | 34.0% | 6.2% | ||
| Q3 25 | 33.3% | 6.7% | ||
| Q2 25 | 34.1% | 3.8% | ||
| Q1 25 | 36.8% | 6.4% | ||
| Q4 24 | 36.9% | 5.8% | ||
| Q3 24 | 37.4% | 4.7% | ||
| Q2 24 | 35.6% | 6.6% |
| Q1 26 | 61.7% | — | ||
| Q4 25 | 0.5% | -1.0% | ||
| Q3 25 | -0.2% | -2.6% | ||
| Q2 25 | -0.1% | -6.0% | ||
| Q1 25 | -2.0% | -2.5% | ||
| Q4 24 | 1.3% | -3.4% | ||
| Q3 24 | 2.4% | -6.5% | ||
| Q2 24 | 0.0% | -2.8% |
| Q1 26 | -1.4% | — | ||
| Q4 25 | 0.3% | -0.4% | ||
| Q3 25 | 1.1% | -1.7% | ||
| Q2 25 | 5.2% | -5.2% | ||
| Q1 25 | 2.9% | -1.7% | ||
| Q4 24 | 4.5% | -3.0% | ||
| Q3 24 | 4.9% | -5.6% | ||
| Q2 24 | -1.0% | -2.3% |
| Q1 26 | $-0.02 | — | ||
| Q4 25 | $0.01 | $-0.03 | ||
| Q3 25 | $0.01 | $-0.13 | ||
| Q2 25 | $0.06 | $-0.41 | ||
| Q1 25 | $0.03 | $-0.12 | ||
| Q4 24 | $0.06 | $-0.20 | ||
| Q3 24 | $0.05 | $-0.33 | ||
| Q2 24 | $-0.01 | $-0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $327.5M | $199.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $530.1M | $137.6M |
| Total Assets | $605.0M | $650.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $327.5M | — | ||
| Q4 25 | $342.1M | $199.0M | ||
| Q3 25 | $338.6M | $192.3M | ||
| Q2 25 | $336.8M | $224.6M | ||
| Q1 25 | $325.5M | $185.5M | ||
| Q4 24 | $334.7M | $156.8M | ||
| Q3 24 | $231.3M | $124.6M | ||
| Q2 24 | $256.0M | $115.6M |
| Q1 26 | $530.1M | — | ||
| Q4 25 | $542.1M | $137.6M | ||
| Q3 25 | $537.7M | $136.3M | ||
| Q2 25 | $532.2M | $142.7M | ||
| Q1 25 | $517.4M | $150.7M | ||
| Q4 24 | $517.8M | $151.9M | ||
| Q3 24 | $400.2M | $156.5M | ||
| Q2 24 | $388.4M | $164.2M |
| Q1 26 | $605.0M | — | ||
| Q4 25 | $612.9M | $650.2M | ||
| Q3 25 | $613.2M | $598.2M | ||
| Q2 25 | $608.9M | $600.3M | ||
| Q1 25 | $590.9M | $613.7M | ||
| Q4 24 | $592.2M | $513.8M | ||
| Q3 24 | $477.3M | $470.2M | ||
| Q2 24 | $443.6M | $451.4M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $7.5M |
| Free Cash FlowOCF − Capex | — | $6.3M |
| FCF MarginFCF / Revenue | — | 3.0% |
| Capex IntensityCapex / Revenue | — | 0.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $45.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $9.9M | $7.5M | ||
| Q3 25 | $7.0M | $-25.9M | ||
| Q2 25 | $14.4M | $40.7M | ||
| Q1 25 | $9.4M | $31.2M | ||
| Q4 24 | $7.1M | $33.6M | ||
| Q3 24 | $9.2M | $11.9M | ||
| Q2 24 | $10.7M | $47.0M |
| Q1 26 | — | — | ||
| Q4 25 | $6.1M | $6.3M | ||
| Q3 25 | $2.9M | $-27.9M | ||
| Q2 25 | $10.2M | $38.4M | ||
| Q1 25 | $6.0M | $28.7M | ||
| Q4 24 | $4.4M | $32.7M | ||
| Q3 24 | $5.9M | $10.0M | ||
| Q2 24 | $8.0M | $45.7M |
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | 3.0% | ||
| Q3 25 | 2.8% | -13.2% | ||
| Q2 25 | 10.1% | 17.8% | ||
| Q1 25 | 6.0% | 14.3% | ||
| Q4 24 | 4.4% | 17.5% | ||
| Q3 24 | 6.8% | 6.0% | ||
| Q2 24 | 9.7% | 24.1% |
| Q1 26 | — | — | ||
| Q4 25 | 3.6% | 0.6% | ||
| Q3 25 | 3.9% | 0.9% | ||
| Q2 25 | 4.1% | 1.0% | ||
| Q1 25 | 3.3% | 1.3% | ||
| Q4 24 | 2.6% | 0.5% | ||
| Q3 24 | 3.7% | 1.2% | ||
| Q2 24 | 3.2% | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | 32.34× | — | ||
| Q3 25 | 5.92× | — | ||
| Q2 25 | 2.73× | — | ||
| Q1 25 | 3.21× | — | ||
| Q4 24 | 1.56× | — | ||
| Q3 24 | 2.15× | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GDYN
Segment breakdown not available.
MTRX
| Storage And Terminal Solutions | $99.9M | 47% |
| Utility And Power Infrastructure | $75.4M | 36% |
| Process And Industrial Facilities | $35.3M | 17% |
