Matrix Service Company
How we got $873.6M
Based on SEC filings (FY2026).
What we know
What they do
Matrix Service Company is a heavy industrial contractor that engineers, constructs, and maintains energy, power, and industrial infrastructure. It serves energy, low carbon, power and utilities, and industrial clients across North America and beyond.
From the company's website. Industry: Construction.
Customers & suppliers
Customers
- Orascom · named on its website
- Saudi Aramco · named on its website
- Fortigen Geneva · named on its website
- PSEG POWER LLC · named on its website
- BP Cherry Point · named on its website
- Eagle LNG · named on its website
- Cheniere / Bechtel · named on its website
- TransCanada · named on its website
Employees over time
▼ 24% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | Form 5500 | 2,436 | $763.3M |
| 2021 | Form 5500 | 2,156 | $675.6M |
| 2022 | Form 5500 | 2,111 | $661.5M |
| 2023 | Form 5500 | 1,930 | $604.7M |
| 2024 | Form 5500 | 1,851 | $580.0M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| Matrix Service Company this business | $873.6M | — |
| CP&Y, Inc. Tulsa | $2.4M | 0.0 mi |
| Ellis-Johnson Engineering Tulsa | $2.4M | 0.0 mi |
| PIERPONT LAMONT, LLC Tulsa · 1 employees | $569K | 0.0 mi |
| Restoration Pros Tulsa Tulsa | $2.0M | 0.1 mi |
| Enserca Engineering Tulsa | $2.4M | 0.1 mi |
| 24 Hour Locksmith Tulsa | $2.0M | 0.1 mi |
The full calculation
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
These are the business's own reported figures, from its SEC annual report (10-K), not an estimate.
| Revenue range | $830.0M – $917.3M |
| EBITDA range | $-929K – $-1.0M |
| Industry (NAICS) | Construction (23) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Listing details come from Overture Maps open data. Full methodology
People & advisors
Leadership
- KSKevin S. CavanahChief Financial Officer · From a web search · source
- RFRyan FoxSigned for the company · 2024 retirement-plan filing (Form 5500)
Advisors
- AccountingHogan Taylor LLPAudits its 401(k) plan (2024 filing)
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Matrix Service Company
Matrix Service Company is a construction company in Tulsa, Oklahoma, in business since 1984. It is owned by Shawn P. Payne (President and Chief Executive Officer). Its reported annual revenue is about $873.6M, with roughly $-978K of EBITDA. It has about 1,851 employees.
Common questions
- Who owns Matrix Service Company?
- Matrix Service Company is owned by Shawn P. Payne (President and Chief Executive Officer), according to public sources such as the company's website or filings.
- How much revenue does Matrix Service Company make?
- Matrix Service Company reported revenue of about $873.6M.
- How many employees does Matrix Service Company have?
- About 1,851, from its 2024 retirement-plan filing.
- When was Matrix Service Company founded?
- Matrix Service Company has been in business since 1984.