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Side-by-side financial comparison of MATRIX SERVICE CO (MTRX) and PROCORE TECHNOLOGIES, INC. (PCOR). Click either name above to swap in a different company.
PROCORE TECHNOLOGIES, INC. is the larger business by last-quarter revenue ($349.1M vs $210.5M, roughly 1.7× MATRIX SERVICE CO). MATRIX SERVICE CO runs the higher net margin — -0.4% vs -10.8%, a 10.3% gap on every dollar of revenue. On growth, PROCORE TECHNOLOGIES, INC. posted the faster year-over-year revenue change (15.6% vs 12.5%). PROCORE TECHNOLOGIES, INC. produced more free cash flow last quarter ($109.2M vs $6.3M). Over the past eight quarters, PROCORE TECHNOLOGIES, INC.'s revenue compounded faster (13.8% CAGR vs 12.6%).
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.
Procore Technologies is an American construction management software as a service company founded in 2002, with headquarters in Carpinteria, California. Procore hosts a platform to connect those involved in the construction industry on a global platform. The software allows for the creation of simplified workflows and displays a consolidated view of construction products that includes the tracking of tasks, management of project workflows, and scheduling.
MTRX vs PCOR — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $210.5M | $349.1M |
| Net Profit | $-894.0K | $-37.6M |
| Gross Margin | 6.2% | 80.1% |
| Operating Margin | -1.0% | -12.3% |
| Net Margin | -0.4% | -10.8% |
| Revenue YoY | 12.5% | 15.6% |
| Net Profit YoY | 83.8% | 39.6% |
| EPS (diluted) | $-0.03 | $-0.25 |
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 | $349.1M | ||
| Q3 25 | $211.9M | $338.9M | ||
| Q2 25 | $216.4M | $323.9M | ||
| Q1 25 | $200.2M | $310.6M | ||
| Q4 24 | $187.2M | $302.0M | ||
| Q3 24 | $165.6M | $295.9M | ||
| Q2 24 | $189.5M | $284.3M | ||
| Q1 24 | $166.0M | $269.4M |
| Q4 25 | $-894.0K | $-37.6M | ||
| Q3 25 | $-3.7M | $-9.1M | ||
| Q2 25 | $-11.3M | $-21.1M | ||
| Q1 25 | $-3.4M | $-33.0M | ||
| Q4 24 | $-5.5M | $-62.3M | ||
| Q3 24 | $-9.2M | $-26.4M | ||
| Q2 24 | $-4.4M | $-6.3M | ||
| Q1 24 | $-14.6M | $-11.0M |
| Q4 25 | 6.2% | 80.1% | ||
| Q3 25 | 6.7% | 79.7% | ||
| Q2 25 | 3.8% | 79.1% | ||
| Q1 25 | 6.4% | 79.1% | ||
| Q4 24 | 5.8% | 81.2% | ||
| Q3 24 | 4.7% | 81.4% | ||
| Q2 24 | 6.6% | 83.1% | ||
| Q1 24 | 3.4% | 83.0% |
| Q4 25 | -1.0% | -12.3% | ||
| Q3 25 | -2.6% | -4.4% | ||
| Q2 25 | -6.0% | -9.3% | ||
| Q1 25 | -2.5% | -11.7% | ||
| Q4 24 | -3.4% | -21.9% | ||
| Q3 24 | -6.5% | -12.3% | ||
| Q2 24 | -2.8% | -5.2% | ||
| Q1 24 | -8.7% | -7.0% |
| Q4 25 | -0.4% | -10.8% | ||
| Q3 25 | -1.7% | -2.7% | ||
| Q2 25 | -5.2% | -6.5% | ||
| Q1 25 | -1.7% | -10.6% | ||
| Q4 24 | -3.0% | -20.6% | ||
| Q3 24 | -5.6% | -8.9% | ||
| Q2 24 | -2.3% | -2.2% | ||
| Q1 24 | -8.8% | -4.1% |
| Q4 25 | $-0.03 | $-0.25 | ||
| Q3 25 | $-0.13 | $-0.06 | ||
| Q2 25 | $-0.41 | $-0.14 | ||
| Q1 25 | $-0.12 | $-0.22 | ||
| Q4 24 | $-0.20 | $-0.42 | ||
| Q3 24 | $-0.33 | $-0.18 | ||
| Q2 24 | $-0.16 | $-0.04 | ||
| Q1 24 | $-0.53 | $-0.08 |
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 | $768.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $137.6M | $1.3B |
| Total Assets | $650.2M | $2.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $199.0M | $768.5M | ||
| Q3 25 | $192.3M | $684.0M | ||
| Q2 25 | $224.6M | $620.9M | ||
| Q1 25 | $185.5M | $566.7M | ||
| Q4 24 | $156.8M | $775.4M | ||
| Q3 24 | $124.6M | $756.9M | ||
| Q2 24 | $115.6M | $735.4M | ||
| Q1 24 | $69.7M | $744.6M |
| Q4 25 | $137.6M | $1.3B | ||
| Q3 25 | $136.3M | $1.2B | ||
| Q2 25 | $142.7M | $1.2B | ||
| Q1 25 | $150.7M | $1.2B | ||
| Q4 24 | $151.9M | $1.3B | ||
| Q3 24 | $156.5M | $1.3B | ||
| Q2 24 | $164.2M | $1.3B | ||
| Q1 24 | $165.8M | $1.2B |
| Q4 25 | $650.2M | $2.2B | ||
| Q3 25 | $598.2M | $2.1B | ||
| Q2 25 | $600.3M | $2.0B | ||
| Q1 25 | $613.7M | $1.9B | ||
| Q4 24 | $513.8M | $2.1B | ||
| Q3 24 | $470.2M | $2.0B | ||
| Q2 24 | $451.4M | $2.0B | ||
| Q1 24 | $440.0M | $1.9B |
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 | $114.9M |
| Free Cash FlowOCF − Capex | $6.3M | $109.2M |
| FCF MarginFCF / Revenue | 3.0% | 31.3% |
| Capex IntensityCapex / Revenue | 0.6% | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $45.5M | $282.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.5M | $114.9M | ||
| Q3 25 | $-25.9M | $88.5M | ||
| Q2 25 | $40.7M | $30.8M | ||
| Q1 25 | $31.2M | $66.0M | ||
| Q4 24 | $33.6M | $29.1M | ||
| Q3 24 | $11.9M | $39.3M | ||
| Q2 24 | $47.0M | $58.7M | ||
| Q1 24 | $24.8M | $69.1M |
| Q4 25 | $6.3M | $109.2M | ||
| Q3 25 | $-27.9M | $83.1M | ||
| Q2 25 | $38.4M | $27.9M | ||
| Q1 25 | $28.7M | $62.0M | ||
| Q4 24 | $32.7M | $17.4M | ||
| Q3 24 | $10.0M | $35.7M | ||
| Q2 24 | $45.7M | $56.8M | ||
| Q1 24 | $20.0M | $67.1M |
| Q4 25 | 3.0% | 31.3% | ||
| Q3 25 | -13.2% | 24.5% | ||
| Q2 25 | 17.8% | 8.6% | ||
| Q1 25 | 14.3% | 20.0% | ||
| Q4 24 | 17.5% | 5.8% | ||
| Q3 24 | 6.0% | 12.1% | ||
| Q2 24 | 24.1% | 20.0% | ||
| Q1 24 | 12.1% | 24.9% |
| Q4 25 | 0.6% | 1.6% | ||
| Q3 25 | 0.9% | 1.6% | ||
| Q2 25 | 1.0% | 0.9% | ||
| Q1 25 | 1.3% | 1.3% | ||
| Q4 24 | 0.5% | 3.9% | ||
| Q3 24 | 1.2% | 1.2% | ||
| Q2 24 | 0.7% | 0.7% | ||
| Q1 24 | 2.9% | 0.8% |
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% |
PCOR
| US | $298.3M | 85% |
| Non Us | $50.9M | 15% |
