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Side-by-side financial comparison of MATRIX SERVICE CO (MTRX) and PagerDuty, Inc. (PD). Click either name above to swap in a different company.
MATRIX SERVICE CO is the larger business by last-quarter revenue ($210.5M vs $124.5M, roughly 1.7× PagerDuty, Inc.). PagerDuty, Inc. runs the higher net margin — 129.7% vs -0.4%, a 130.2% gap on every dollar of revenue. On growth, MATRIX SERVICE CO posted the faster year-over-year revenue change (12.5% vs 4.7%). PagerDuty, Inc. produced more free cash flow last quarter ($24.1M vs $6.3M). Over the past eight quarters, MATRIX SERVICE CO's revenue compounded faster (12.6% CAGR vs 5.9%).
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.
PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.
MTRX vs PD — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $210.5M | $124.5M |
| Net Profit | $-894.0K | $161.6M |
| Gross Margin | 6.2% | 85.3% |
| Operating Margin | -1.0% | 6.5% |
| Net Margin | -0.4% | 129.7% |
| Revenue YoY | 12.5% | 4.7% |
| Net Profit YoY | 83.8% | 2827.7% |
| EPS (diluted) | $-0.03 | $1.69 |
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 | $124.5M | ||
| Q3 25 | $211.9M | $123.4M | ||
| Q2 25 | $216.4M | $119.8M | ||
| Q1 25 | $200.2M | $121.4M | ||
| Q4 24 | $187.2M | $118.9M | ||
| Q3 24 | $165.6M | $115.9M | ||
| Q2 24 | $189.5M | $111.2M | ||
| Q1 24 | $166.0M | $111.1M |
| Q4 25 | $-894.0K | $161.6M | ||
| Q3 25 | $-3.7M | $9.6M | ||
| Q2 25 | $-11.3M | $-7.2M | ||
| Q1 25 | $-3.4M | $-8.8M | ||
| Q4 24 | $-5.5M | $-5.9M | ||
| Q3 24 | $-9.2M | $-10.9M | ||
| Q2 24 | $-4.4M | $-17.1M | ||
| Q1 24 | $-14.6M | $-28.2M |
| Q4 25 | 6.2% | 85.3% | ||
| Q3 25 | 6.7% | 84.6% | ||
| Q2 25 | 3.8% | 84.0% | ||
| Q1 25 | 6.4% | 83.6% | ||
| Q4 24 | 5.8% | 83.0% | ||
| Q3 24 | 4.7% | 82.7% | ||
| Q2 24 | 6.6% | 82.6% | ||
| Q1 24 | 3.4% | 81.7% |
| Q4 25 | -1.0% | 6.5% | ||
| Q3 25 | -2.6% | 2.9% | ||
| Q2 25 | -6.0% | -8.6% | ||
| Q1 25 | -2.5% | -9.6% | ||
| Q4 24 | -3.4% | -8.7% | ||
| Q3 24 | -6.5% | -13.8% | ||
| Q2 24 | -2.8% | -19.5% | ||
| Q1 24 | -8.7% | -30.1% |
| Q4 25 | -0.4% | 129.7% | ||
| Q3 25 | -1.7% | 7.8% | ||
| Q2 25 | -5.2% | -6.0% | ||
| Q1 25 | -1.7% | -7.2% | ||
| Q4 24 | -3.0% | -5.0% | ||
| Q3 24 | -5.6% | -9.4% | ||
| Q2 24 | -2.3% | -15.4% | ||
| Q1 24 | -8.8% | -25.3% |
| Q4 25 | $-0.03 | $1.69 | ||
| Q3 25 | $-0.13 | $0.10 | ||
| Q2 25 | $-0.41 | $-0.07 | ||
| Q1 25 | $-0.12 | $-0.12 | ||
| Q4 24 | $-0.20 | $-0.07 | ||
| Q3 24 | $-0.33 | $-0.14 | ||
| Q2 24 | $-0.16 | $-0.26 | ||
| Q1 24 | $-0.53 | $-0.34 |
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 | $547.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $137.6M | $320.5M |
| Total Assets | $650.2M | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $199.0M | $547.8M | ||
| Q3 25 | $192.3M | $567.9M | ||
| Q2 25 | $224.6M | $597.1M | ||
| Q1 25 | $185.5M | $570.8M | ||
| Q4 24 | $156.8M | $542.2M | ||
| Q3 24 | $124.6M | $599.3M | ||
| Q2 24 | $115.6M | $592.8M | ||
| Q1 24 | $69.7M | $571.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $484.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $489.5M |
| Q4 25 | $137.6M | $320.5M | ||
| Q3 25 | $136.3M | $180.7M | ||
| Q2 25 | $142.7M | $145.7M | ||
| Q1 25 | $150.7M | $129.8M | ||
| Q4 24 | $151.9M | $111.6M | ||
| Q3 24 | $156.5M | $164.7M | ||
| Q2 24 | $164.2M | $174.0M | ||
| Q1 24 | $165.8M | $171.6M |
| Q4 25 | $650.2M | $1.0B | ||
| Q3 25 | $598.2M | $891.5M | ||
| Q2 25 | $600.3M | $926.8M | ||
| Q1 25 | $613.7M | $927.3M | ||
| Q4 24 | $513.8M | $866.8M | ||
| Q3 24 | $470.2M | $916.0M | ||
| Q2 24 | $451.4M | $924.0M | ||
| Q1 24 | $440.0M | $925.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.73× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.85× |
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 | $24.8M |
| Free Cash FlowOCF − Capex | $6.3M | $24.1M |
| FCF MarginFCF / Revenue | 3.0% | 19.3% |
| Capex IntensityCapex / Revenue | 0.6% | 0.6% |
| Cash ConversionOCF / Net Profit | — | 0.15× |
| TTM Free Cash FlowTrailing 4 quarters | $45.5M | $117.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.5M | $24.8M | ||
| Q3 25 | $-25.9M | $34.0M | ||
| Q2 25 | $40.7M | $30.7M | ||
| Q1 25 | $31.2M | $31.4M | ||
| Q4 24 | $33.6M | $22.1M | ||
| Q3 24 | $11.9M | $35.8M | ||
| Q2 24 | $47.0M | $28.6M | ||
| Q1 24 | $24.8M | $22.2M |
| Q4 25 | $6.3M | $24.1M | ||
| Q3 25 | $-27.9M | $33.1M | ||
| Q2 25 | $38.4M | $30.2M | ||
| Q1 25 | $28.7M | $30.3M | ||
| Q4 24 | $32.7M | $21.5M | ||
| Q3 24 | $10.0M | $35.1M | ||
| Q2 24 | $45.7M | $28.2M | ||
| Q1 24 | $20.0M | $21.2M |
| Q4 25 | 3.0% | 19.3% | ||
| Q3 25 | -13.2% | 26.8% | ||
| Q2 25 | 17.8% | 25.2% | ||
| Q1 25 | 14.3% | 24.9% | ||
| Q4 24 | 17.5% | 18.1% | ||
| Q3 24 | 6.0% | 30.3% | ||
| Q2 24 | 24.1% | 25.4% | ||
| Q1 24 | 12.1% | 19.1% |
| Q4 25 | 0.6% | 0.6% | ||
| Q3 25 | 0.9% | 0.7% | ||
| Q2 25 | 1.0% | 0.4% | ||
| Q1 25 | 1.3% | 0.9% | ||
| Q4 24 | 0.5% | 0.5% | ||
| Q3 24 | 1.2% | 0.5% | ||
| Q2 24 | 0.7% | 0.4% | ||
| Q1 24 | 2.9% | 0.9% |
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 3.55× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
PD
| US | $88.8M | 71% |
| Non Us | $35.7M | 29% |
