Mistras Group, Inc. (MG)

Mistras Group Financials Overview

Financials in millions USD. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	731.44	724.02	729.64	705.47	687.37	677.13
Revenue Growth	3.48%	-0.77%	3.43%	2.63%	1.51%	14.27%
Gross Profit Gross Profit Growth	230.77	226.88	215.78	208.3	220.81	220.12
Operating Income Operating Income Growth	46.27	40.57	39.83	-1.9	19.8	18.17
Net Income Net Income Growth	22.41	16.84	18.96	-17.45	6.5	3.86
Earnings Per Share EPS Growth	0.70	0.53	0.60	-0.58	0.21	0.13
EPS Growth	48.94%	-11.67%	-	-	61.54%	-

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
North America North America Growth	590.55	584.13	593.53	579.33	573.34	555.39
International International Growth	146.92	143.84	135.97	124.41	112.43	117.25
Products and Systems Products and Systems Growth	13.53	13.97	13.66	12.99	12.73	13.83
Corporate and Eliminations Corporate and Eliminations Growth	-19.56	-17.92	-13.52	-11.26	-11.12	-9.33
Total Total Growth	731.44	724.02	729.64	705.47	687.37	677.13

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	24.99	28.01	18.32	17.65	20.49	24.11
Total Debt Total Debt Growth	206.2	202.36	190.13	206.82	205.5	216.08
Net Cash (Debt) Net Cash Growth	-181.21	-174.35	-171.81	-189.17	-185.01	-191.97
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-5.64	-5.44	-5.44	-6.24	-6.12	-6.37

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	30.15	32.98	50.13	26.75	26.41	42.26
Capital Expenditures CapEx Growth	-26.09	-24.67	-17.9	-20.85	-12.59	-18.16
Free Cash Flow Free Cash Flow Growth	4.06	8.31	32.23	5.89	13.82	24.1
Free Cash Flow Growth	-89.18%	-74.22%	446.78%	-57.34%	-42.68%	-54.01%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	31.55%	31.34%	29.57%	29.53%	32.12%	32.51%
Operating Margin	6.33%	5.60%	5.46%	-0.27%	2.88%	2.68%
Pretax Margin	4.04%	3.10%	3.32%	-2.65%	1.35%	1.08%
Profit Margin	1.81%	2.34%	2.60%	-2.47%	0.96%	0.57%
FCF Margin	0.55%	1.15%	4.42%	0.84%	2.01%	3.56%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 28, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	22.31	23.87	15.10	-	23.48	57.15
Forward PE	14.80	12.84	11.54	10.51	10.13	13.93
P/FCF Ratio	120.70	48.07	8.72	38.00	10.67	9.11
PS Ratio	0.67	0.55	0.39	0.32	0.21	0.32

Data Sources: Fiscal.ai and S&P Global Market Intelligence Last updated: May 7, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company. Revenue segment data is provided by S&P Global Market Intelligence.

Update frequency:

Quarterly

Last checked:

Jul 28, 2026

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