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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	702.45	729.64	705.47	687.37	677.13	592.57
Revenue Growth (YoY)	-4.51%	3.43%	2.63%	1.51%	14.27%	-20.84%
Cost of Revenue	469.06	492.93	477.67	466.57	457.01	391.86
Gross Profit	233.38	236.71	227.8	220.81	220.12	200.72
Selling, General & Admin	159.4	156.39	166.75	166.4	161.33	157.16
Research & Development	1.11	1.12	1.72	1.99	2.52	2.89
Other Operating Expenses	2.72	1.66	-	-	-	-
Operating Expenses	195.04	192.18	202.57	201.69	198.77	195.75
Operating Income	38.34	44.54	25.23	19.12	21.35	4.96
Interest Expense	-15.79	-17.07	-16.76	-10.51	-10.88	-12.96
Other Non Operating Income (Expenses)	1.49	1.49	-	-	-	-
EBT Excluding Unusual Items	24.04	28.95	8.47	8.61	10.46	-7.99
Merger & Restructuring Charges	-9.48	-5.52	-12.28	-0.27	-1.13	-0.34
Impairment of Goodwill	-	-	-13.8	-	-	-77.1
Asset Writedown	-	-	-	-	-	-28.96
Legal Settlements	0.87	0.81	-1.06	0.99	-2.04	0.22
Other Unusual Items	-	-	-	-0.04	-	-
Pretax Income	15.43	24.24	-18.67	9.29	7.29	-114.17
Income Tax Expense	3.88	5.27	-1.22	2.72	3.4	-14.71
Earnings From Continuing Operations	11.55	18.97	-17.45	6.57	3.89	-99.47
Minority Interest in Earnings	-0.13	-0.01	-0.01	-0.08	-0.03	0.01
Net Income	11.43	18.96	-17.45	6.5	3.86	-99.46
Net Income to Common	11.43	18.96	-17.45	6.5	3.86	-99.46
Net Income Growth	-	-	-	68.37%	-	-
Shares Outstanding (Basic)	31	31	30	30	30	29
Shares Outstanding (Diluted)	32	32	30	30	30	29
Shares Change (YoY)	3.00%	4.21%	0.33%	0.33%	3.37%	0.35%
EPS (Basic)	0.37	0.61	-0.58	0.22	0.13	-3.41
EPS (Diluted)	0.37	0.60	-0.58	0.21	0.13	-3.41
EPS Growth	-	-	-	61.54%	-	-
Free Cash Flow	23.09	32.23	5.89	13.82	24.1	52.41
Free Cash Flow Per Share	0.73	1.02	0.19	0.46	0.80	1.80
Gross Margin	33.23%	32.44%	32.29%	32.12%	32.51%	33.87%
Operating Margin	5.46%	6.10%	3.58%	2.78%	3.15%	0.84%
Profit Margin	1.63%	2.60%	-2.47%	0.95%	0.57%	-16.79%
Free Cash Flow Margin	3.29%	4.42%	0.83%	2.01%	3.56%	8.84%
EBITDA	67.25	74.65	56.43	49.51	53.27	37.07
EBITDA Margin	9.57%	10.23%	8.00%	7.20%	7.87%	6.25%
D&A For EBITDA	28.91	30.11	31.2	30.39	31.92	32.11
EBIT	38.34	44.54	25.23	19.12	21.35	4.96
EBIT Margin	5.46%	6.10%	3.58%	2.78%	3.15%	0.84%
Effective Tax Rate	25.13%	21.75%	-	29.27%	46.58%	-
Advertising Expenses	-	1	1.4	2	1	0.8

Updated Aug 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q