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Side-by-side financial comparison of MATRIX SERVICE CO (MTRX) and Stoke Therapeutics, Inc. (STOK). Click either name above to swap in a different company.

MATRIX SERVICE CO is the larger business by last-quarter revenue ($210.5M vs $158.6M, roughly 1.3× Stoke Therapeutics, Inc.). Stoke Therapeutics, Inc. runs the higher net margin — 71.2% vs -0.4%, a 71.6% gap on every dollar of revenue. On growth, Stoke Therapeutics, Inc. posted the faster year-over-year revenue change (3661.1% vs 12.5%). Stoke Therapeutics, Inc. produced more free cash flow last quarter ($131.7M vs $6.3M).

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.

Stoke Therapeutics, Inc. is a clinical-stage biotechnology company developing innovative RNA-targeted therapies for severe rare genetic diseases. Its lead candidates address unmet needs for Dravet syndrome, a rare epilepsy, and other neurological monogenic disorders, serving patients across North America and global markets.

MTRX vs STOK — Head-to-Head

Bigger by revenue
MTRX
MTRX
1.3× larger
MTRX
$210.5M
$158.6M
STOK
Growing faster (revenue YoY)
STOK
STOK
+3648.7% gap
STOK
3661.1%
12.5%
MTRX
Higher net margin
STOK
STOK
71.6% more per $
STOK
71.2%
-0.4%
MTRX
More free cash flow
STOK
STOK
$125.4M more FCF
STOK
$131.7M
$6.3M
MTRX

Income Statement — Q2 FY2026 vs Q1 FY2025

Metric
MTRX
MTRX
STOK
STOK
Revenue
$210.5M
$158.6M
Net Profit
$-894.0K
$112.9M
Gross Margin
6.2%
Operating Margin
-1.0%
70.2%
Net Margin
-0.4%
71.2%
Revenue YoY
12.5%
3661.1%
Net Profit YoY
83.8%
528.0%
EPS (diluted)
$-0.03
$1.90

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.

Revenue
MTRX
MTRX
STOK
STOK
Q4 25
$210.5M
Q3 25
$211.9M
Q2 25
$216.4M
Q1 25
$200.2M
$158.6M
Q4 24
$187.2M
$22.6M
Q3 24
$165.6M
Q2 24
$189.5M
Q1 24
$166.0M
Net Profit
MTRX
MTRX
STOK
STOK
Q4 25
$-894.0K
Q3 25
$-3.7M
Q2 25
$-11.3M
Q1 25
$-3.4M
$112.9M
Q4 24
$-5.5M
$-10.5M
Q3 24
$-9.2M
Q2 24
$-4.4M
Q1 24
$-14.6M
Gross Margin
MTRX
MTRX
STOK
STOK
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%
Operating Margin
MTRX
MTRX
STOK
STOK
Q4 25
-1.0%
Q3 25
-2.6%
Q2 25
-6.0%
Q1 25
-2.5%
70.2%
Q4 24
-3.4%
-60.4%
Q3 24
-6.5%
Q2 24
-2.8%
Q1 24
-8.7%
Net Margin
MTRX
MTRX
STOK
STOK
Q4 25
-0.4%
Q3 25
-1.7%
Q2 25
-5.2%
Q1 25
-1.7%
71.2%
Q4 24
-3.0%
-46.4%
Q3 24
-5.6%
Q2 24
-2.3%
Q1 24
-8.8%
EPS (diluted)
MTRX
MTRX
STOK
STOK
Q4 25
$-0.03
Q3 25
$-0.13
Q2 25
$-0.41
Q1 25
$-0.12
$1.90
Q4 24
$-0.20
$-0.15
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
MTRX
MTRX
STOK
STOK
Cash + ST InvestmentsLiquidity on hand
$199.0M
$274.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$137.6M
$350.1M
Total Assets
$650.2M
$406.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MTRX
MTRX
STOK
STOK
Q4 25
$199.0M
Q3 25
$192.3M
Q2 25
$224.6M
Q1 25
$185.5M
$274.8M
Q4 24
$156.8M
$128.0M
Q3 24
$124.6M
Q2 24
$115.6M
Q1 24
$69.7M
Stockholders' Equity
MTRX
MTRX
STOK
STOK
Q4 25
$137.6M
Q3 25
$136.3M
Q2 25
$142.7M
Q1 25
$150.7M
$350.1M
Q4 24
$151.9M
$229.0M
Q3 24
$156.5M
Q2 24
$164.2M
Q1 24
$165.8M
Total Assets
MTRX
MTRX
STOK
STOK
Q4 25
$650.2M
Q3 25
$598.2M
Q2 25
$600.3M
Q1 25
$613.7M
$406.9M
Q4 24
$513.8M
$271.6M
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
MTRX
MTRX
STOK
STOK
Operating Cash FlowLast quarter
$7.5M
$131.8M
Free Cash FlowOCF − Capex
$6.3M
$131.7M
FCF MarginFCF / Revenue
3.0%
83.0%
Capex IntensityCapex / Revenue
0.6%
0.1%
Cash ConversionOCF / Net Profit
1.17×
TTM Free Cash FlowTrailing 4 quarters
$45.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MTRX
MTRX
STOK
STOK
Q4 25
$7.5M
Q3 25
$-25.9M
Q2 25
$40.7M
Q1 25
$31.2M
$131.8M
Q4 24
$33.6M
$-23.2M
Q3 24
$11.9M
Q2 24
$47.0M
Q1 24
$24.8M
Free Cash Flow
MTRX
MTRX
STOK
STOK
Q4 25
$6.3M
Q3 25
$-27.9M
Q2 25
$38.4M
Q1 25
$28.7M
$131.7M
Q4 24
$32.7M
$-23.2M
Q3 24
$10.0M
Q2 24
$45.7M
Q1 24
$20.0M
FCF Margin
MTRX
MTRX
STOK
STOK
Q4 25
3.0%
Q3 25
-13.2%
Q2 25
17.8%
Q1 25
14.3%
83.0%
Q4 24
17.5%
-102.7%
Q3 24
6.0%
Q2 24
24.1%
Q1 24
12.1%
Capex Intensity
MTRX
MTRX
STOK
STOK
Q4 25
0.6%
Q3 25
0.9%
Q2 25
1.0%
Q1 25
1.3%
0.1%
Q4 24
0.5%
0.2%
Q3 24
1.2%
Q2 24
0.7%
Q1 24
2.9%
Cash Conversion
MTRX
MTRX
STOK
STOK
Q4 25
Q3 25
Q2 25
Q1 25
1.17×
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
MTRX

Storage And Terminal Solutions$99.9M47%
Utility And Power Infrastructure$75.4M36%
Process And Industrial Facilities$35.3M17%

STOK
STOK

Segment breakdown not available.

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