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Side-by-side financial comparison of MATRIX SERVICE CO (MTRX) and BRC Group Holdings, Inc. (RILY). Click either name above to swap in a different company.
MATRIX SERVICE CO is the larger business by last-quarter revenue ($210.5M vs $188.3M, roughly 1.1× BRC Group Holdings, Inc.). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs -0.4%, a 48.4% gap on every dollar of revenue. On growth, MATRIX SERVICE CO posted the faster year-over-year revenue change (12.5% vs -21.9%). Over the past eight quarters, MATRIX SERVICE CO's revenue compounded faster (12.6% CAGR vs -15.4%).
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.
MTRX vs RILY — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $210.5M | $188.3M |
| Net Profit | $-894.0K | $90.3M |
| Gross Margin | 6.2% | 79.5% |
| Operating Margin | -1.0% | 32.3% |
| Net Margin | -0.4% | 47.9% |
| Revenue YoY | 12.5% | -21.9% |
| Net Profit YoY | 83.8% | 1710.8% |
| EPS (diluted) | $-0.03 | $2.78 |
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 | $188.3M | ||
| Q3 25 | $211.9M | $215.3M | ||
| Q2 25 | $216.4M | $188.2M | ||
| Q1 25 | $200.2M | $197.2M | ||
| Q4 24 | $187.2M | $241.0M | ||
| Q3 24 | $165.6M | $225.5M | ||
| Q2 24 | $189.5M | $256.0M | ||
| Q1 24 | $166.0M | $263.4M |
| Q4 25 | $-894.0K | $90.3M | ||
| Q3 25 | $-3.7M | $91.1M | ||
| Q2 25 | $-11.3M | $139.5M | ||
| Q1 25 | $-3.4M | $-10.0M | ||
| Q4 24 | $-5.5M | $-5.6M | ||
| Q3 24 | $-9.2M | $-284.4M | ||
| Q2 24 | $-4.4M | $-433.6M | ||
| Q1 24 | $-14.6M | $-49.2M |
| Q4 25 | 6.2% | 79.5% | ||
| Q3 25 | 6.7% | 83.7% | ||
| Q2 25 | 3.8% | 81.3% | ||
| Q1 25 | 6.4% | 81.4% | ||
| Q4 24 | 5.8% | 79.8% | ||
| Q3 24 | 4.7% | 82.1% | ||
| Q2 24 | 6.6% | 84.5% | ||
| Q1 24 | 3.4% | 85.3% |
| Q4 25 | -1.0% | 32.3% | ||
| Q3 25 | -2.6% | 30.4% | ||
| Q2 25 | -6.0% | 5.7% | ||
| Q1 25 | -2.5% | -31.2% | ||
| Q4 24 | -3.4% | -69.2% | ||
| Q3 24 | -6.5% | -36.4% | ||
| Q2 24 | -2.8% | -90.8% | ||
| Q1 24 | -8.7% | -6.1% |
| Q4 25 | -0.4% | 47.9% | ||
| Q3 25 | -1.7% | 42.3% | ||
| Q2 25 | -5.2% | 74.1% | ||
| Q1 25 | -1.7% | -5.1% | ||
| Q4 24 | -3.0% | -2.3% | ||
| Q3 24 | -5.6% | -126.1% | ||
| Q2 24 | -2.3% | -169.4% | ||
| Q1 24 | -8.8% | -18.7% |
| Q4 25 | $-0.03 | $2.78 | ||
| Q3 25 | $-0.13 | $2.91 | ||
| Q2 25 | $-0.41 | $4.50 | ||
| Q1 25 | $-0.12 | $-0.39 | ||
| Q4 24 | $-0.20 | $-0.01 | ||
| Q3 24 | $-0.33 | $-9.39 | ||
| Q2 24 | $-0.16 | $-14.35 | ||
| Q1 24 | $-0.53 | $-1.71 |
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 | $226.6M |
| Total DebtLower is stronger | — | $1.4B |
| Stockholders' EquityBook value | $137.6M | $-171.5M |
| Total Assets | $650.2M | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $199.0M | $226.6M | ||
| Q3 25 | $192.3M | $184.2M | ||
| Q2 25 | $224.6M | $267.4M | ||
| Q1 25 | $185.5M | $138.3M | ||
| Q4 24 | $156.8M | $146.9M | ||
| Q3 24 | $124.6M | $159.2M | ||
| Q2 24 | $115.6M | $236.9M | ||
| Q1 24 | $69.7M | $190.7M |
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $137.6M | $-171.5M | ||
| Q3 25 | $136.3M | $-260.5M | ||
| Q2 25 | $142.7M | $-351.7M | ||
| Q1 25 | $150.7M | $-496.8M | ||
| Q4 24 | $151.9M | $-488.2M | ||
| Q3 24 | $156.5M | $-497.6M | ||
| Q2 24 | $164.2M | $-218.3M | ||
| Q1 24 | $165.8M | $228.4M |
| Q4 25 | $650.2M | $1.7B | ||
| Q3 25 | $598.2M | $1.7B | ||
| Q2 25 | $600.3M | $1.5B | ||
| Q1 25 | $613.7M | $1.5B | ||
| Q4 24 | $513.8M | $1.8B | ||
| Q3 24 | $470.2M | $2.2B | ||
| Q2 24 | $451.4M | $3.2B | ||
| Q1 24 | $440.0M | $5.0B |
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 | $26.2M |
| Free Cash FlowOCF − Capex | $6.3M | — |
| FCF MarginFCF / Revenue | 3.0% | — |
| Capex IntensityCapex / Revenue | 0.6% | — |
| Cash ConversionOCF / Net Profit | — | 0.29× |
| TTM Free Cash FlowTrailing 4 quarters | $45.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.5M | $26.2M | ||
| Q3 25 | $-25.9M | $-60.6M | ||
| Q2 25 | $40.7M | $-25.6M | ||
| Q1 25 | $31.2M | $184.0K | ||
| Q4 24 | $33.6M | $-2.7M | ||
| Q3 24 | $11.9M | $19.5M | ||
| Q2 24 | $47.0M | $111.5M | ||
| Q1 24 | $24.8M | $135.4M |
| 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 24 | $20.0M | — |
| 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 24 | 12.1% | — |
| 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% | — | ||
| Q1 24 | 2.9% | — |
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | -0.66× | ||
| Q2 25 | — | -0.18× | ||
| 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% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
