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Mattr (MATR) AI Stock Analysis
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Mattr
(TSX:MATR)
The score is held back primarily by weaker cash flow conversion, higher leverage, and earnings durability concerns, despite improving operating results. Technicals are supportive with a clear uptrend and positive momentum. Valuation is a notable headwind given the high P/E and lack of dividend yield support, while the latest earnings call was broadly positive with raised guidance but tempered by working-capital and borrowing needs.
Mattr (MATR) vs. iShares MSCI Canada ETF (EWC)
- Market Cap
- CAD 1.21B
- Dividend Yield
- ―
- Average Volume (3M)
- 270.25K
- Price to Earnings (P/E)
- 43.6
- Beta (1Y)
- 0.42
- Revenue Growth
- 25.14%
- EPS Growth
- -30.11%
- Country
- Canada
- Employees
- 2,110
- Sector
- Energy
- Sector Strength
- 65
- Industry
- Oil & Gas Equipment & Services
Mattr Business Overview & Revenue Model
Company Description
Mattr Corp. is a materials science enterprise providing solutions for the global infrastructure, energy, and transportation industries. Its business operations are divided into three principal divisions. The Composite Systems segment manufactures ada...
How the Company Makes Money
Mattr makes money primarily by manufacturing and selling engineered materials and infrastructure products to industrial, utility, and infrastructure customers. Key revenue streams include: (1) Composite pipe systems: revenue from producing and sellin...
Mattr Earnings Call Summary
The call presented a largely positive operational and financial picture: record revenue and adjusted EBITDA, accelerated order capture, product and manufacturing progress (notably at Xerxes and with FlexPipe's new 8-inch product), and an upgraded outlook for the year. Offsetting risks include slightly negative operating cash flow in Q2 driven by working capital build, modest incremental borrowings, margin pressure from revenue mix and some lower-margin international orders, and exposure to subdued oilfield and automotive markets and trade uncertainty. Management expects deleveraging, continued margin expansion, and sustained demand, and they raised guidance with visibility into a strong Q3.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management raised its outlook after a strong Q2, saying Q3 should be similar to Q2 before normal seasonal slowing in Q4 and that second‑half adjusted EBITDA is expected to be roughly in line with the first half, supported by near‑record backlog (firm Xerxes orders into 2027 and FlexPipe backlog extending into Q4); key metrics cited include Q2 capex of $6.3M (about $1.6M of which was previously accrued), full‑year capex guidance of $35M–$45M, targeted Xerxes productivity gains of 10–15% year‑over‑year, data‑center sales expected to more than double versus 2025 and to be ~5% of consolidated revenue in 2026, slightly negative Q2 operating cash flow as AR and inventories rose, modest incremental borrowings in Q2 with a lowered net‑debt-to-adjusted‑EBITDA ratio, and a plan to resume opportunistic NCIB repurchases at modest levels while prioritizing debt repayment and continued deleveraging.
Mattr Financial Statement Overview
Summary
Operating performance is improving with solid revenue growth and positive operating profitability, but net margin is thin and earnings have been volatile. Leverage has risen meaningfully versus 2022–2023, and recent cash flow conversion deteriorated sharply with weak TTM free cash flow relative to net income, increasing funding and execution risk sensitivity.
Income Statement
62PositiveBalance Sheet
57NeutralCash Flow
48Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.35B | 1.27B | 885.32M | 925.27M | 1.26B | 1.14B |
| Gross Profit | 302.48M | 250.66M | 243.84M | 296.44M | 364.70M | 318.12M |
| EBITDA | 161.86M | 128.70M | 85.07M | 121.27M | 116.87M | 29.53M |
| Net Income | 28.02M | 46.55M | -3.73M | 87.19M | -29.99M | -79.11M |
Balance Sheet | ||||||
| Total Assets | 1.72B | 1.60B | 1.63B | 1.28B | 1.55B | 1.27B |
| Cash, Cash Equivalents and Short-Term Investments | 39.10M | 65.53M | 375.24M | 334.06M | 263.99M | 124.45M |
| Total Debt | 589.18M | 560.83M | 640.37M | 232.46M | 270.27M | 346.58M |
| Total Liabilities | 918.23M | 849.48M | 908.38M | 548.62M | 849.44M | 625.68M |
| Stockholders Equity | 802.50M | 753.81M | 721.10M | 730.16M | 699.38M | 639.27M |
Cash Flow | ||||||
| Free Cash Flow | 15.17M | 41.15M | -59.05M | 48.35M | 161.02M | 39.61M |
| Operating Cash Flow | 58.25M | 104.43M | 51.35M | 124.61M | 211.10M | 64.68M |
| Investing Cash Flow | -52.27M | -437.88M | -154.99M | 109.82M | 19.50M | 3.83M |
| Financing Cash Flow | -24.87M | -101.53M | 259.84M | -161.78M | -111.65M | -163.53M |
Mattr Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MATR, the sentiment is Negative. The current price of 19.75 is below the 20-day moving average (MA) of 21.27, below the 50-day MA of 20.36, and above the 200-day MA of 13.79, indicating a neutral trend. The MACD of -0.09 indicates Positive momentum. The RSI at 37.65 is Neutral, neither overbought nor oversold. The STOCH value of 25.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:MATR.
Mattr Peers Comparison
Overall Rating
TSE:TCW83Outperform
TSE:CEU82Outperform
TSE:TOT81Outperform- TSE:MATR62Neutral
TSE:CFW60Neutral
TSE:NOA51Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TSE:TCW | 83Outperform | CAD 1.42B | 13.71 | 15.61% | 3.15% | 14.96% | -10.01% |
| TSE:CEU | 82Outperform | CAD 4.42B | 22.54 | 23.68% | 0.99% | 10.96% | 13.96% |
| TSE:TOT | 81Outperform | CAD 1.47B | 16.65 | 14.51% | 1.14% | 21.71% | 40.07% |
| Sector * | 65Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
| TSE:MATR | 62Neutral | CAD 1.21B | 43.59 | 3.62% | ― | 25.14% | -30.11% |
| TSE:CFW | 60Neutral | CAD 789.37M | 12.71 | 8.75% | ― | -14.91% | 442.58% |
| TSE:NOA | 51Neutral | CAD 452.69M | 14.70 | 7.40% | 2.85% | 7.11% | -9.71% |
* Energy Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TSE:MATR | Mattr Corp. | 19.75 | 8.96 | 83.04% | |
| TSE:NOA | North American Construction | 16.82 | -4.34 | -20.50% | |
| TSE:CEU | CES Energy Solutions Corp | 20.96 | 11.63 | 124.65% | |
| TSE:CFW | Calfrac Well Services | 7.82 | 4.76 | 155.81% | |
| TSE:TOT | Total Energy Services | 40.30 | 25.93 | 180.50% | |
| TSE:TCW | Trican Well | 6.99 | 1.90 | 37.19% |
Mattr Corporate Events
Mattr Delivers Record Q2 Results and Raises Full-Year Outlook
PositiveMattr reported a strong second quarter of 2026, with revenue from continuing operations rising 23.4% year over year to $396.2 million and operating income surging more than threefold. Both Connection Technologies and Composite Technologies contribute...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Aug 24, 2026