Mistras Group, Inc. (MG)

Mistras Group Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	715.3	729.64	705.47	687.37	677.13	592.57
Revenue Growth (YoY)	-3.21%	3.43%	2.63%	1.51%	14.27%	-20.84%
Cost of Revenue	472.82	492.93	477.67	466.57	457.01	391.86
Gross Profit	242.48	236.71	227.8	220.81	220.12	200.72
Selling, General & Admin	159.68	156.39	166.75	166.4	161.33	157.16
Research & Development	1.08	1.12	1.72	1.99	2.52	2.89
Other Operating Expenses	2.92	1.66	-	-	-	-
Operating Expenses	197.12	192.18	202.57	201.69	198.77	195.75
Operating Income	45.36	44.54	25.23	19.12	21.35	4.96
Interest Expense	-14.87	-17.07	-16.76	-10.51	-10.88	-12.96
Other Non Operating Income (Expenses)	0.01	1.49	-	-	-	-
EBT Excluding Unusual Items	30.5	28.95	8.47	8.61	10.46	-7.99
Merger & Restructuring Charges	-7.1	-5.52	-12.28	-0.27	-1.13	-0.34
Impairment of Goodwill	-	-	-13.8	-	-	-77.1
Asset Writedown	-	-	-	-	-	-28.96
Legal Settlements	-	0.81	-1.06	0.99	-2.04	0.22
Other Unusual Items	-	-	-	-0.04	-	-
Pretax Income	23.4	24.24	-18.67	9.29	7.29	-114.17
Income Tax Expense	5.06	5.27	-1.22	2.72	3.4	-14.71
Earnings From Continuing Operations	18.34	18.97	-17.45	6.57	3.89	-99.47
Minority Interest in Earnings	-0.21	-0.01	-0.01	-0.08	-0.03	0.01
Net Income	18.13	18.96	-17.45	6.5	3.86	-99.46
Net Income to Common	18.13	18.96	-17.45	6.5	3.86	-99.46
Net Income Growth	61.04%	-	-	68.37%	-	-
Shares Outstanding (Basic)	31	31	30	30	30	29
Shares Outstanding (Diluted)	32	32	30	30	30	29
Shares Change (YoY)	2.10%	4.21%	0.33%	0.33%	3.37%	0.35%
EPS (Basic)	0.58	0.61	-0.58	0.22	0.13	-3.41
EPS (Diluted)	0.57	0.60	-0.58	0.21	0.13	-3.41
EPS Growth	60.33%	-	-	61.54%	-	-
Free Cash Flow	4.38	32.23	5.89	13.82	24.1	52.41
Free Cash Flow Per Share	0.14	1.02	0.19	0.46	0.80	1.80
Gross Margin	33.90%	32.44%	32.29%	32.12%	32.51%	33.87%
Operating Margin	6.34%	6.10%	3.58%	2.78%	3.15%	0.84%
Profit Margin	2.54%	2.60%	-2.47%	0.95%	0.57%	-16.79%
Free Cash Flow Margin	0.61%	4.42%	0.83%	2.01%	3.56%	8.84%
EBITDA	73.9	74.65	56.43	49.51	53.27	37.07
EBITDA Margin	10.33%	10.23%	8.00%	7.20%	7.87%	6.25%
D&A For EBITDA	28.55	30.11	31.2	30.39	31.92	32.11
EBIT	45.36	44.54	25.23	19.12	21.35	4.96
EBIT Margin	6.34%	6.10%	3.58%	2.78%	3.15%	0.84%
Effective Tax Rate	21.62%	21.75%	-	29.27%	46.58%	-
Advertising Expenses	-	1	1.4	2	1	0.8

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q