Flagship explainer

How Matador Resources Company makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$3.7B · 100%Cost of revenue$208M · 6%Gross profit$3.4B · 94%Operating income$1.2B · 34%Income before tax$1.0B · 28%Income tax$173M · 5%Net income$759M · 21%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$3.7B100%
Cost of revenue$208M6%
$3.4B94%
$1.2B34%
Income before tax$1.0B28%
Income tax$173M5%
$759M21%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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