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Side-by-side financial comparison of MATRIX SERVICE CO (MTRX) and Piedmont Realty Trust, Inc. (PDM). Click either name above to swap in a different company.
MATRIX SERVICE CO is the larger business by last-quarter revenue ($210.5M vs $143.3M, roughly 1.5× Piedmont Realty Trust, Inc.). MATRIX SERVICE CO runs the higher net margin — -0.4% vs -31.4%, a 31.0% gap on every dollar of revenue. On growth, MATRIX SERVICE CO posted the faster year-over-year revenue change (12.5% vs 0.4%). Over the past eight quarters, MATRIX SERVICE CO's revenue compounded faster (12.6% CAGR vs 0.0%).
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.
Piedmont Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality office properties primarily located in high-growth metropolitan areas across the United States. It serves corporate tenants across multiple industry sectors including technology, professional services, and healthcare, and pursues stable long-term returns for stakeholders via strategic property management and portfolio optimization.
MTRX vs PDM — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $210.5M | $143.3M |
| Net Profit | $-894.0K | $-45.0M |
| Gross Margin | 6.2% | — |
| Operating Margin | -1.0% | — |
| Net Margin | -0.4% | -31.4% |
| Revenue YoY | 12.5% | 0.4% |
| Net Profit YoY | 83.8% | -27.9% |
| EPS (diluted) | $-0.03 | $-0.10 |
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 | — | $143.3M | ||
| Q4 25 | $210.5M | $142.9M | ||
| Q3 25 | $211.9M | $139.2M | ||
| Q2 25 | $216.4M | $140.3M | ||
| Q1 25 | $200.2M | $142.7M | ||
| Q4 24 | $187.2M | $143.2M | ||
| Q3 24 | $165.6M | $139.3M | ||
| Q2 24 | $189.5M | $143.3M |
| Q1 26 | — | $-45.0M | ||
| Q4 25 | $-894.0K | $-43.2M | ||
| Q3 25 | $-3.7M | $-13.5M | ||
| Q2 25 | $-11.3M | $-16.8M | ||
| Q1 25 | $-3.4M | $-10.1M | ||
| Q4 24 | $-5.5M | $-30.0M | ||
| Q3 24 | $-9.2M | $-11.5M | ||
| Q2 24 | $-4.4M | $-9.8M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | -1.0% | — | ||
| Q3 25 | -2.6% | — | ||
| Q2 25 | -6.0% | — | ||
| Q1 25 | -2.5% | — | ||
| Q4 24 | -3.4% | — | ||
| Q3 24 | -6.5% | — | ||
| Q2 24 | -2.8% | — |
| Q1 26 | — | -31.4% | ||
| Q4 25 | -0.4% | -30.3% | ||
| Q3 25 | -1.7% | -9.7% | ||
| Q2 25 | -5.2% | -12.0% | ||
| Q1 25 | -1.7% | -7.1% | ||
| Q4 24 | -3.0% | -20.9% | ||
| Q3 24 | -5.6% | -8.3% | ||
| Q2 24 | -2.3% | -6.8% |
| Q1 26 | — | $-0.10 | ||
| Q4 25 | $-0.03 | $-0.34 | ||
| Q3 25 | $-0.13 | $-0.11 | ||
| Q2 25 | $-0.41 | $-0.14 | ||
| Q1 25 | $-0.12 | $-0.08 | ||
| Q4 24 | $-0.20 | $-0.25 | ||
| Q3 24 | $-0.33 | $-0.09 | ||
| Q2 24 | $-0.16 | $-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 | $2.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $137.6M | $1.5B |
| Total Assets | $650.2M | $4.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.3M | ||
| Q4 25 | $199.0M | $731.0K | ||
| Q3 25 | $192.3M | $3.0M | ||
| Q2 25 | $224.6M | $3.3M | ||
| Q1 25 | $185.5M | $2.9M | ||
| Q4 24 | $156.8M | $109.6M | ||
| Q3 24 | $124.6M | $133.6M | ||
| Q2 24 | $115.6M | $138.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.2B |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $137.6M | $1.5B | ||
| Q3 25 | $136.3M | $1.5B | ||
| Q2 25 | $142.7M | $1.5B | ||
| Q1 25 | $150.7M | $1.6B | ||
| Q4 24 | $151.9M | $1.6B | ||
| Q3 24 | $156.5M | $1.6B | ||
| Q2 24 | $164.2M | $1.7B |
| Q1 26 | — | $4.0B | ||
| Q4 25 | $650.2M | $4.0B | ||
| Q3 25 | $598.2M | $4.0B | ||
| Q2 25 | $600.3M | $4.0B | ||
| Q1 25 | $613.7M | $4.0B | ||
| Q4 24 | $513.8M | $4.1B | ||
| Q3 24 | $470.2M | $4.1B | ||
| Q2 24 | $451.4M | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.49× | ||
| Q3 25 | — | 1.43× | ||
| Q2 25 | — | 1.41× | ||
| Q1 25 | — | 1.40× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | — | 1.34× |
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% | 110.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $45.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $7.5M | $140.6M | ||
| Q3 25 | $-25.9M | $35.8M | ||
| Q2 25 | $40.7M | $50.1M | ||
| Q1 25 | $31.2M | $3.7M | ||
| Q4 24 | $33.6M | $198.1M | ||
| Q3 24 | $11.9M | $42.9M | ||
| Q2 24 | $47.0M | $66.8M |
| Q1 26 | — | — | ||
| Q4 25 | $6.3M | — | ||
| Q3 25 | $-27.9M | — | ||
| Q2 25 | $38.4M | — | ||
| Q1 25 | $28.7M | — | ||
| Q4 24 | $32.7M | — | ||
| Q3 24 | $10.0M | — | ||
| Q2 24 | $45.7M | — |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | — | ||
| Q3 25 | -13.2% | — | ||
| Q2 25 | 17.8% | — | ||
| Q1 25 | 14.3% | — | ||
| Q4 24 | 17.5% | — | ||
| Q3 24 | 6.0% | — | ||
| Q2 24 | 24.1% | — |
| Q1 26 | — | 110.3% | ||
| Q4 25 | 0.6% | — | ||
| Q3 25 | 0.9% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 1.3% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 1.2% | — | ||
| Q2 24 | 0.7% | — |
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% |
PDM
Segment breakdown not available.
