Mistras Group, Inc. MG R2K

Industrials · Security & Protection Services · United States

https://www.mistrasgroup.com

Mistras Group, Inc. provides technology-enabled industrial asset integrity and laboratory testing solutions in the United States, Europe, the Middle East, Africa, Asia, and South America. The company offers non-destructive testing (NDT) services; pipeline inspections; Plant Condition Management Software; maintenance planning; and specialized engineering solutions. It also provides maintenance and light mechanical services, such as corrosion removal, mitigation and prevention, insulation installation and removal, electrical services, heat tracing, industrial cleaning, pipefitting, and welding; engineering consulting services, including plant operations and management support, turnaround/shutdown planning, profit improvement, facilities planning studies, engineering design, process safety reviews, energy optimization evaluations, benchmarking/key performance indicator development, and technical training. In addition, the company offers scaffolding and rope access forb at-height and confined assets; certified divers for subsea inspection and maintenance; unmanned aerial, land-based, and subsea systems for inspection applications; portable, handheld, wireless and turnkey NDT equipment; acoustic emission products and sensors, instruments, and turnkey systems for monitoring and testing materials, pressure components, processes, and structures; and ultrasonic testing equipment. Further, it provides asset protection solutions to detect, mitigate, and prevent degradation mechanisms, such as corrosion, cracking, leaks, and manufacturing defects; inspection, maintenance, and monitoring and data services; and quality assurance and quality control solutions for new and existing metal and alloy components, materials, and composites. It serves renewable energy, alternative power generation, natural gas transportation, data centers, pipeline integrity, and additive manufacturing industries. The company was founded in 1978 and is headquartered in Princeton Junction, New Jersey.

Market & Price

Market Cap

$559.34M

Current Price

$17.58

High / Low (52W)

$19.28 / $7.48

Beta

0.92

Valuation

Stock P/E

25.11

Industry PE

28.38

Forward P/E

14.12

PEG Ratio

1.05

Book Value

$7.33

Price to Book

2.40

P/S

0.76

EV/EBITDA

9.44

Dividend Yield

Profitability & Returns

ROCE

8.17%

ROE

10.38%

ROA

6.33%

Profit Margin

3.06%

Op Margin

2.97%

EPS (Latest Qtr)

$0.07

EPS (TTM)

$0.70

Balance Sheet & Liquidity

Debt/Equity

1.07

Quick Ratio

1.51

Current Ratio

1.80

Debt

$251.03M

Total Assets

$578.78M

Current Assets

$216.19M

Working Capital

$91.88M

Ownership

Promoter Holding

35.51%

Chg in Prom Hold

FII / Inst Holding

62.44%

Chg in FII Hold

Financial Snapshot

Enterprise Value

$785.75M

Total Revenue (TTM)

$731.44M

EBITDA

$83.27M

Free Cash Flow

$2.86M

Operating Cash Flow

$30.14M

Shares Outstanding

31.82M

Gross Margin

31.55%

Payout Ratio

0.00%

Growth (CAGR)

Revenue 5Y

1.75%

Profit 5Y

37.34%

Revenue (YoY)

4.60%

Earnings (YoY)

PROS

Profit CAGR of 37.3% over 5 years.
Generates positive free cash flow.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	MG Mistras Group, Inc. R2K	17.58	25.11	$559.34M	-	8.17%	10.38%	1.75%	37.34%
2	CAT Caterpillar Inc. SPX	875.87	43.66	$403.42B	0.69%	19.42%	51.33%	4.38%	9.83%
3	GE GE Aerospace SPX	323.76	40.17	$338.27B	0.58%	11.89%	45.43%	16.32%	195.89%
4	GEV GE Vernova Inc. SPXAI	968.32	28.33	$260.21B	0.21%	6.30%	75.71%	8.68%	92.84%
5	RTX RTX Corporation SPX	179.66	33.64	$241.95B	1.54%	9.41%	11.57%	9.72%	9.01%
6	UNP Union Pacific Corporation SPX	262.64	21.60	$155.93B	2.10%	16.19%	40.69%	-0.49%	0.66%
7	ETN Eaton Corporation plc SPXAI	400.60	39.20	$155.55B	1.10%	16.23%	20.84%	9.77%	18.41%
8	HON Honeywell International Inc. NDXSPX	237.86	38.00	$150.72B	2.00%	13.57%	24.26%	1.82%	-1.62%
9	DE Deere & Company SPX	542.18	30.67	$146.45B	1.20%	12.82%	18.35%	-4.50%	-11.00%

Quarterly Results

Figures in USD.

Metric	Sep 2016	Nov 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	163.32M	170.44M	179.57M	187.64M	187.63M	191.79M	182.17M	180.76M	176.79M	200.62M	192.19M	178.99M	159.47M	124.44M	147.89M	160.78M	153.74M	177.68M	174.56M	171.16M	161.66M	179.03M	178.46M	168.22M	168.02M	176.03M	179.35M	182.07M	184.44M	189.77M	-	-	161.62M	185.41M	195.55M	181.46M	169.03M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	120.72M	131.46M	137.36M	129.97M	124.30M
Gross Profit	50.65M	52.08M	47.98M	43.15M	46.34M	47.90M	50.32M	48.14M	55.08M	52.33M	52.31M	48.87M	60.07M	57.77M	50.58M	40.64M	41.16M	47.38M	49.34M	40.00M	55.34M	52.22M	49.59M	39.89M	53.56M	53.78M	50.94M	46.08M	49.72M	54.38M	53.63M	46.15M	51.34M	-	-	40.89M	53.95M	58.19M	51.48M	44.73M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	38.82M	42.57M	36.05M	33.85M	39.58M
Operating Income	12.12M	12.51M	2.94M	3.25M	5.00M	-10.38M	6.28M	6.40M	10.30M	3.02M	2.50M	-4.40M	15.42M	10.78M	2.33M	-111.23M	-383.00K	5.74M	4.65M	-4.75M	11.37M	9.24M	2.31M	-4.70M	9.58M	9.11M	5.80M	-1.83M	3.89M	-4.68M	706.00K	5.55M	11.96M	-	-	2.08M	11.38M	22.14M	17.63M	5.16M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6.75M	16.14M	28.07M	17.17M	13.60M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.32M	4.24M	3.38M	3.70M	2.88M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4.34M	4.19M	17.00M	5.62M	2.73M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1.17M	1.06M	3.80M	1.86M	378.00K
Net Income	7.24M	7.27M	963.00K	1.69M	2.22M	-6.97M	884.00K	2.91M	6.00M	-1.01M	-1.06M	-5.29M	7.43M	3.09M	829.00K	-98.51M	-2.66M	1.52M	181.00K	-5.36M	5.94M	3.38M	-94.00K	-5.36M	4.64M	4.37M	2.84M	-4.99M	337.00K	-10.30M	-2.51M	995.00K	6.37M	-	-	-3.19M	3.02M	13.11M	3.90M	2.39M
Diluted EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.18	-	-	-	-0.17	-	-	-	0.03	0.20	-	-	-0.10	0.10	0.41	0.12	0.07
R&D Expense	643.00K	580.00K	-	643.00K	552.00K	555.00K	-	756.00K	913.00K	745.00K	-	857.00K	754.00K	650.00K	-	824.00K	708.00K	638.00K	-	727.00K	620.00K	595.00K	-	551.00K	522.00K	450.00K	-	480.00K	511.00K	438.00K	-	343.00K	231.00K	241.00K	-	299.00K	269.00K	210.00K	-	221.00K

Profit & Loss (Annual)

Figures in USD.

Metric	May 2010	May 2011	May 2012	May 2013	May 2014	May 2015	May 2016	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	719.18M	684.76M	700.97M	742.35M	748.59M	592.57M	-	687.37M	705.47M	729.64M	724.02M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	489.20M	521.17M	537.47M	519.51M
Gross Profit	83.14M	103.40M	129.69M	148.37M	172.94M	184.73M	203.01M	194.13M	187.71M	207.87M	217.30M	178.53M	-	198.17M	184.30M	192.17M	204.51M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	179.10M	159.07M	147.64M	151.28M
Operating Income	20.90M	29.61M	36.10M	27.55M	38.30M	30.35M	43.18M	25.55M	4.16M	22.22M	24.14M	-101.22M	-	19.08M	25.23M	44.53M	53.23M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	53.09M	32.20M	74.32M	68.13M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	10.51M	16.76M	17.07M	14.64M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	9.29M	-18.66M	24.24M	22.48M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	2.72M	-1.22M	5.27M	5.56M
Net Income	10.43M	16.43M	21.35M	11.65M	22.52M	16.08M	24.65M	14.41M	-2.17M	6.84M	6.06M	-99.46M	-	6.50M	-17.45M	18.96M	16.84M
Diluted EPS	-	-	-	-	-	0.54	0.82	-	-0.08	0.23	0.21	-3.41	-	0.21	-0.58	0.60	0.53
R&D Expense	2.40M	2.15M	2.06M	2.45M	3.00M	2.52M	2.52M	2.67M	2.27M	3.31M	3.04M	2.89M	2.52M	1.99M	1.72M	1.12M	1.03M

Compounded Sales Growth

5 Years:	1.75%
1 Year:	4.60%

Compounded Profit Growth

5 Years:	37.34%
1 Year:	-

Stock Price Performance

1 Year:	+132.85%
6 Months:	+48.23%
3 Months:	+15.05%
1 Month:	-4.92%

Balance Sheet (Annual)

Figures in USD.

Metric	May 2009	May 2010	May 2011	May 2012	May 2013	May 2014	May 2015	May 2016	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	248.64M	329.82M	378.00M	443.97M	471.73M	482.68M	469.43M	554.44M	694.04M	719.88M	583.31M	-	534.90M	534.78M	523.04M	578.78M
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	167.88M	180.36M	172.47M	216.19M
Cash & Equivalents	5.67M	16.04M	10.88M	8.41M	7.80M	10.02M	10.55M	21.19M	19.15M	27.54M	25.54M	15.02M	25.76M	-	20.49M	17.65M	18.32M	28.01M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13.56M	15.28M	14.48M	14.00M
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	123.66M	132.85M	127.28M	154.67M
Total Liabilities	-	-	81.15M	136.57M	167.72M	201.58M	226.72M	206.39M	198.68M	283.65M	422.96M	433.86M	386.09M	-	336.15M	344.27M	324.14M	343.14M
Current Liabilities	-	-	50.59M	64.32M	72.22M	86.79M	93.52M	96.88M	77.71M	90.22M	100.47M	109.24M	109.85M	-	103.73M	116.52M	114.92M	124.31M
Long Term Debt	-	-	14.62M	34.26M	52.85M	68.59M	95.56M	72.46M	85.92M	164.52M	283.79M	248.12M	209.54M	-	183.83M	181.50M	158.06M	165.14M
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	215.87M	217.50M	201.50M	213.24M
Total Equity	-	-	167.16M	193.01M	210.05M	242.10M	244.82M	276.16M	270.58M	270.62M	270.90M	285.82M	197.02M	-	198.45M	190.19M	198.57M	235.10M
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	29.90M	30.60M	31.01M	31.57M

Cash Flows (Annual)

Figures in USD.

Metric	May 2010	May 2011	May 2012	May 2013	May 2014	May 2015	May 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	-	-	-	-	-	-	68.12M	55.80M	41.66M	59.11M	67.80M	-	26.41M	26.75M	50.13M	32.98M
Investing Cash Flow	-	-	-	-	-	-49.65M	-16.75M	-102.80M	-155.45M	-25.28M	-14.97M	-	-12.24M	-22.13M	-21.37M	-25.12M
Financing Cash Flow	-	-	-	-	-	-	-40.38M	53.05M	113.97M	-44.14M	-44.17M	-	-16.32M	-7.71M	-27.40M	-595.00K
Capital Expenditure	-1.95M	-10.07M	-9.59M	-12.53M	-16.87M	-15.10M	-14.86M	-19.31M	-20.58M	-22.05M	-15.40M	-	-13.42M	-23.65M	-22.99M	-29.19M
Free Cash Flow	-	-	-	-	-	-	53.26M	36.48M	21.08M	37.06M	52.41M	-	12.99M	3.10M	27.14M	3.79M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-2.15M	-3.09M	1.36M	7.26M
Share Buybacks	-	-	-	-	-	0	0	15.92M	0	0	-	-	-	-	-	-

Ratios (Annual)

Figures in %.

Metric	May 2010	May 2011	May 2012	May 2013	May 2014	May 2015	May 2016	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	28.2%	28.4%	26.8%	28.0%	29.0%	30.1%	-	28.8%	26.1%	26.3%	28.2%
Operating Margin %	-	-	-	-	-	-	6.0%	3.7%	0.6%	3.0%	3.2%	-17.1%	-	2.8%	3.6%	6.1%	7.4%
Net Margin %	-	-	-	-	-	-	3.4%	2.1%	-0.3%	0.9%	0.8%	-16.8%	-	0.9%	-2.5%	2.6%	2.3%
ROE %	-	9.8%	11.1%	5.5%	9.3%	6.6%	8.9%	5.3%	-0.8%	2.5%	2.1%	-50.5%	-	3.3%	-9.2%	9.5%	7.2%
ROCE %	-	15.0%	13.6%	9.0%	10.7%	8.0%	11.2%	6.5%	0.9%	3.7%	4.0%	-21.4%	-	4.4%	6.0%	10.9%	11.7%

Shareholding Pattern

Insiders

35.51%

Institutions

62.44%

Public Float

96.82%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Mill Road Capital Management Llc	5.88%	1.87M	$32.88M
2	Dimensional Fund Advisors LP	5.35%	1.70M	$29.95M
3	Royce & Associates LP	4.82%	1.53M	$26.95M
4	Weber Capital Management LLC /ADV	4.58%	1.46M	$25.61M
5	Ies Holdings, Inc.	3.52%	1.12M	$19.70M
6	Vanguard Capital Management LLC	2.92%	930.18K	$16.35M
7	Blackrock Inc.	2.70%	859.45K	$15.11M
8	Federated Hermes, Inc.	2.06%	656.03K	$11.53M
9	Clearline Capital, LP	1.74%	554.09K	$9.74M
10	Invenomic Capital Management, LP	1.42%	452.61K	$7.96M

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