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Side-by-side financial comparison of MATRIX SERVICE CO (MTRX) and PicoCELA Inc. (PCLA). Click either name above to swap in a different company.
PicoCELA Inc. is the larger business by last-quarter revenue ($252.6M vs $210.5M, roughly 1.2× MATRIX SERVICE CO). MATRIX SERVICE CO runs the higher net margin — -0.4% vs -125.2%, a 124.8% gap on every dollar of revenue. MATRIX SERVICE CO produced more free cash flow last quarter ($6.3M vs $-256.6M).
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.
PicoCELA Inc. is a global technology company specializing in low-power, high-reliability wireless connectivity solutions, including Wi-Fi HaLow modules and edge network infrastructure. It caters to industrial IoT, smart city, retail, and smart home segments, with a primary operational footprint across Asia, North America, and European markets.
MTRX vs PCLA — Head-to-Head
Income Statement — Q2 FY2026 vs Q2 FY2025
| Metric | | |
|---|---|---|
| Revenue | $210.5M | $252.6M |
| Net Profit | $-894.0K | $-316.2M |
| Gross Margin | 6.2% | — |
| Operating Margin | -1.0% | -114.8% |
| Net Margin | -0.4% | -125.2% |
| Revenue YoY | 12.5% | — |
| Net Profit YoY | 83.8% | — |
| EPS (diluted) | $-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.
| Q4 25 | $210.5M | — | ||
| Q3 25 | $211.9M | — | ||
| Q2 25 | $216.4M | — | ||
| Q1 25 | $200.2M | $252.6M | ||
| Q4 24 | $187.2M | — | ||
| Q3 24 | $165.6M | — | ||
| Q2 24 | $189.5M | — | ||
| Q1 24 | $166.0M | — |
| Q4 25 | $-894.0K | — | ||
| Q3 25 | $-3.7M | — | ||
| Q2 25 | $-11.3M | — | ||
| Q1 25 | $-3.4M | $-316.2M | ||
| Q4 24 | $-5.5M | — | ||
| Q3 24 | $-9.2M | — | ||
| Q2 24 | $-4.4M | — | ||
| Q1 24 | $-14.6M | — |
| Q4 25 | 6.2% | — | ||
| Q3 25 | 6.7% | — | ||
| Q2 25 | 3.8% | — | ||
| Q1 25 | 6.4% | — | ||
| Q4 24 | 5.8% | — | ||
| Q3 24 | 4.7% | — | ||
| Q2 24 | 6.6% | — | ||
| Q1 24 | 3.4% | — |
| Q4 25 | -1.0% | — | ||
| Q3 25 | -2.6% | — | ||
| Q2 25 | -6.0% | — | ||
| Q1 25 | -2.5% | -114.8% | ||
| Q4 24 | -3.4% | — | ||
| Q3 24 | -6.5% | — | ||
| Q2 24 | -2.8% | — | ||
| Q1 24 | -8.7% | — |
| Q4 25 | -0.4% | — | ||
| Q3 25 | -1.7% | — | ||
| Q2 25 | -5.2% | — | ||
| Q1 25 | -1.7% | -125.2% | ||
| Q4 24 | -3.0% | — | ||
| Q3 24 | -5.6% | — | ||
| Q2 24 | -2.3% | — | ||
| Q1 24 | -8.8% | — |
| Q4 25 | $-0.03 | — | ||
| Q3 25 | $-0.13 | — | ||
| Q2 25 | $-0.41 | — | ||
| Q1 25 | $-0.12 | — | ||
| Q4 24 | $-0.20 | — | ||
| Q3 24 | $-0.33 | — | ||
| Q2 24 | $-0.16 | — | ||
| Q1 24 | $-0.53 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $199.0M | $456.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $137.6M | $354.8M |
| Total Assets | $650.2M | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $199.0M | — | ||
| Q3 25 | $192.3M | — | ||
| Q2 25 | $224.6M | — | ||
| Q1 25 | $185.5M | $456.8M | ||
| Q4 24 | $156.8M | — | ||
| Q3 24 | $124.6M | — | ||
| Q2 24 | $115.6M | — | ||
| Q1 24 | $69.7M | — |
| Q4 25 | $137.6M | — | ||
| Q3 25 | $136.3M | — | ||
| Q2 25 | $142.7M | — | ||
| Q1 25 | $150.7M | $354.8M | ||
| Q4 24 | $151.9M | — | ||
| Q3 24 | $156.5M | — | ||
| Q2 24 | $164.2M | — | ||
| Q1 24 | $165.8M | — |
| Q4 25 | $650.2M | — | ||
| Q3 25 | $598.2M | — | ||
| Q2 25 | $600.3M | — | ||
| Q1 25 | $613.7M | $1.2B | ||
| Q4 24 | $513.8M | — | ||
| Q3 24 | $470.2M | — | ||
| Q2 24 | $451.4M | — | ||
| Q1 24 | $440.0M | — |
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 | $-245.6M |
| Free Cash FlowOCF − Capex | $6.3M | $-256.6M |
| FCF MarginFCF / Revenue | 3.0% | -101.6% |
| Capex IntensityCapex / Revenue | 0.6% | 4.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $45.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.5M | — | ||
| Q3 25 | $-25.9M | — | ||
| Q2 25 | $40.7M | — | ||
| Q1 25 | $31.2M | $-245.6M | ||
| Q4 24 | $33.6M | — | ||
| Q3 24 | $11.9M | — | ||
| Q2 24 | $47.0M | — | ||
| Q1 24 | $24.8M | — |
| Q4 25 | $6.3M | — | ||
| Q3 25 | $-27.9M | — | ||
| Q2 25 | $38.4M | — | ||
| Q1 25 | $28.7M | $-256.6M | ||
| Q4 24 | $32.7M | — | ||
| Q3 24 | $10.0M | — | ||
| Q2 24 | $45.7M | — | ||
| Q1 24 | $20.0M | — |
| Q4 25 | 3.0% | — | ||
| Q3 25 | -13.2% | — | ||
| Q2 25 | 17.8% | — | ||
| Q1 25 | 14.3% | -101.6% | ||
| Q4 24 | 17.5% | — | ||
| Q3 24 | 6.0% | — | ||
| Q2 24 | 24.1% | — | ||
| Q1 24 | 12.1% | — |
| Q4 25 | 0.6% | — | ||
| Q3 25 | 0.9% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 1.3% | 4.3% | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 1.2% | — | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | 2.9% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MTRX
| Storage And Terminal Solutions | $99.9M | 47% |
| Utility And Power Infrastructure | $75.4M | 36% |
| Process And Industrial Facilities | $35.3M | 17% |
PCLA
| Revenue from product | $179.1M | 71% |
| Revenue from SaaS, Maintenance and others | $42.4M | 17% |
| Revenue from product – related party | $31.0M | 12% |
