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Legence vs Matrix Service: revenue, profit, margins and growth compared

Legence brought in $2.6B of revenue in fiscal 2025, Matrix Service $873.6M in fiscal 2026. Revenue changed by +21.5% at Legence and +13.6% at Matrix Service on the year before, so Legence grew faster. Legence kept -2.3% of its revenue as net profit, Matrix Service -0.3%. Free cash flow was $218.9M at Legence and $1.4M at Matrix Service.

Side by side, latest fiscal year

LGNMTRX
Fiscal year endedFY2025 (December 31, 2025)FY2026 (June 30, 2026)
Revenue$2.6B$873.6M
Revenue growth+21.5%+13.6%
Net income-$59.8M-$2.6M
Net margin-2.3%-0.3%
Free cash flow$218.9M$1.4M
Free cash flow margin8.6%0.2%
Earnings per share (diluted)n/a-$0.09
Cash$230.2M$223M
Debt$829.1Mn/a
Price to earningsn/an/a
Market value$5.7B$274M
Dividend yieldn/an/a
Rank by revenue in sector#318 of 778 · Consumer discretionary#484 of 778 · Consumer discretionary

Over the years

Revenue
LGN FY2023: $1.6BLGN FY2025: $2.1BLGN FY2025: $2.6BMTRX FY2019: $1.4BMTRX FY2020: $1.1BMTRX FY2021: $673.4MMTRX FY2022: $707.8MMTRX FY2023: $795MMTRX FY2024: $728.2MMTRX FY2025: $769.3MMTRX FY2026: $873.6MFY19FY20FY21FY22FY23FY24FY25FY26
LGN $2.6BMTRX $873.6M
Net income
LGN FY2023: -$46MLGN FY2025: -$28.6MLGN FY2025: -$59.8MMTRX FY2019: $28MMTRX FY2020: -$33.1MMTRX FY2021: -$31.2MMTRX FY2022: -$63.9MMTRX FY2023: -$52.4MMTRX FY2024: -$25MMTRX FY2025: -$29.5MMTRX FY2026: -$2.6MFY19FY20FY21FY22FY23FY24FY25FY26
LGN -$59.8MMTRX -$2.6M
Net margin
LGN FY2023: -2.8%LGN FY2025: -1.4%LGN FY2025: -2.3%MTRX FY2019: 2.0%MTRX FY2020: -3.0%MTRX FY2021: -4.6%MTRX FY2022: -9.0%MTRX FY2023: -6.6%MTRX FY2024: -3.4%MTRX FY2025: -3.8%MTRX FY2026: -0.3%FY19FY20FY21FY22FY23FY24FY25FY26
LGN -2.3%MTRX -0.3%
Revenue growth
LGN FY2025: +29.9%LGN FY2025: +21.5%MTRX FY2020: -22.3%MTRX FY2021: -38.8%MTRX FY2022: +5.1%MTRX FY2023: +12.3%MTRX FY2024: -8.4%MTRX FY2025: +5.6%MTRX FY2026: +13.6%FY20FY21FY22FY23FY24FY25FY26
LGN +21.5%MTRX +13.6%
Free cash flow
LGN FY2023: $16.8MLGN FY2025: $10.3MLGN FY2025: $218.9MMTRX FY2019: $21.8MMTRX FY2020: $25.5MMTRX FY2021: -$7.3MMTRX FY2022: -$57.5MMTRX FY2023: $1.2MMTRX FY2024: $65.6MMTRX FY2025: $109.8MMTRX FY2026: $1.4MFY19FY20FY21FY22FY23FY24FY25FY26
LGN $218.9MMTRX $1.4M

Fiscal years as each company reports them; the two may end in different months.

Questions about Legence and Matrix Service

Which is bigger by revenue, Legence or Matrix Service?

Legence is bigger by revenue: $2.6B in fiscal 2025, against $873.6M for Matrix Service in fiscal 2026.

Which keeps more of its revenue as profit, Legence or Matrix Service?

Legence had a net margin of -2.3% in fiscal 2025; Matrix Service had -0.3% in fiscal 2026.

Which grew revenue faster, Legence or Matrix Service?

In their latest fiscal years revenue changed by +21.5% at Legence and +13.6% at Matrix Service.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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