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Mistras Group, Inc.

MG Clue Score43
United States Fiscal year ends December CIK 0001436126
$20.77 +0.34% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $20.77 +110.65% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue684.8Operating income25.5Net income14.4EPS, diluted0.48Fiscal year 2017Revenue701.0 +2.4%Operating income4.2Net income−2.2 −115.1%EPS, diluted−0.08 −116.7%Fiscal year 2018Revenue742.4 +5.9%Operating income22.2Net income6.8EPS, diluted0.23Fiscal year 2019Revenue748.6 +0.8%Operating income24.1Net income6.1 −11.4%EPS, diluted0.21 −8.7%Fiscal year 2020Revenue592.6 −20.8%Operating income−101.2Net income−99.5 −1,741.3%EPS, diluted−3.41 −1,723.8%Fiscal year 2021Revenue677.1 +14.3%Operating income18.2Net income3.9EPS, diluted0.13Fiscal year 2022Revenue687.4 +1.5%Operating income19.8Net income6.5 +68.4%EPS, diluted0.21 +61.5%Fiscal year 2023Revenue705.5 +2.6%Operating income−1.9Net income−17.5 −368.5%EPS, diluted−0.58 −376.2%Fiscal year 2024Revenue729.6 +3.4%Operating income39.8Net income19.0EPS, diluted0.60Fiscal year 2025Revenue724.0 −0.8%Operating income40.6Net income16.8 −11.2%EPS, diluted0.53 −11.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 684.8 701.0 742.4 748.6 592.6 677.1 687.4 705.5 729.6 724.0
Growth +2.4% +5.9% +0.8% −20.8% +14.3% +1.5% +2.6% +3.4% −0.8%
Operating income 25.5 4.2 22.2 24.1 −101.2 18.2 19.8 −1.9 39.8 40.6
Net income 14.4 −2.2 6.8 6.1 −99.5 3.9 6.5 −17.5 19.0 16.8
Growth −115.1% −11.4% −1,741.3% +68.4% −368.5% −11.2%
EPS, diluted 0.48 −0.08 0.23 0.21 −3.41 0.13 0.21 −0.58 0.60 0.53
Growth −116.7% −8.7% −1,723.8% +61.5% −376.2% −11.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin28.4%Operating margin3.7%Net margin2.1%Fiscal year 2017Gross margin26.8%Operating margin0.6%Net margin−0.3%Free cash flow margin5.2%Fiscal year 2018Gross margin28.0%Operating margin3.0%Net margin0.9%Free cash flow margin2.8%Fiscal year 2019Gross margin29.0%Operating margin3.2%Net margin0.8%Free cash flow margin5.0%Fiscal year 2020Gross margin30.1%Operating margin−17.1%Net margin−16.8%Free cash flow margin8.8%Fiscal year 2021Gross margin29.1%Operating margin2.7%Net margin0.6%Free cash flow margin3.6%Fiscal year 2022Gross margin28.8%Operating margin2.9%Net margin0.9%Free cash flow margin2.0%Fiscal year 2023Gross margin26.1%Operating margin−0.3%Net margin−2.5%Free cash flow margin0.8%Fiscal year 2024Gross margin26.3%Operating margin5.5%Net margin2.6%Free cash flow margin4.4%Fiscal year 2025Gross margin28.2%Operating margin5.6%Net margin2.3%Free cash flow margin1.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 28.4% 26.8% 28.0% 29.0% 30.1% 29.1% 28.8% 26.1% 26.3% 28.2%
Operating margin 3.7% 0.6% 3.0% 3.2% −17.1% 2.7% 2.9% −0.3% 5.5% 5.6%
Net margin 2.1% −0.3% 0.9% 0.8% −16.8% 0.6% 0.9% −2.5% 2.6% 2.3%
Free cash flow margin n/a 5.2% 2.8% 5.0% 8.8% 3.6% 2.0% 0.8% 4.4% 1.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Fiscal year 2017Operating cash flow55.8Capital expenditure−19.3Free cash flow36.5Buybacks−15.9Fiscal year 2018Operating cash flow41.7Capital expenditure−20.6Free cash flow21.1 −42.2%Buybacks0.0Fiscal year 2019Operating cash flow59.1Capital expenditure−22.0Free cash flow37.1 +75.8%Buybacks0.0Fiscal year 2020Operating cash flow67.8Capital expenditure−15.4Free cash flow52.4 +41.4%Fiscal year 2021Operating cash flow42.3Capital expenditure−18.2Free cash flow24.1 −54.0%Fiscal year 2022Operating cash flow26.4Capital expenditure−12.6Free cash flow13.8 −42.7%Fiscal year 2023Operating cash flow26.7Capital expenditure−20.9Free cash flow5.9 −57.3%Fiscal year 2024Operating cash flow50.1Capital expenditure−17.9Free cash flow32.2 +446.8%Fiscal year 2025Operating cash flow33.0Capital expenditure−24.7Free cash flow8.3 −74.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow n/a 55.8 41.7 59.1 67.8 42.3 26.4 26.7 50.1 33.0
Capital expenditure n/a −19.3 −20.6 −22.0 −15.4 −18.2 −12.6 −20.9 −17.9 −24.7
Free cash flow n/a 36.5 21.1 37.1 52.4 24.1 13.8 5.9 32.2 8.3
Growth −42.2% +75.8% +41.4% −54.0% −42.7% −57.3% +446.8% −74.2%
Buybacks n/a −15.9 0.0 0.0 n/a n/a n/a n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash19.2Total debt87.3Net cash (debt)−68.1Shareholders’ equity270.6Debt to equity0.32Fiscal year 2017Cash27.5Total debt166.9Net cash (debt)−139.3Shareholders’ equity270.6Debt to equity0.62Fiscal year 2018Cash25.5Total debt290.6Net cash (debt)−265.1Shareholders’ equity270.9Debt to equity1.07Fiscal year 2019Cash15.0Total debt254.7Net cash (debt)−239.7Shareholders’ equity285.8Debt to equity0.89Fiscal year 2020Cash25.8Total debt220.2Net cash (debt)−194.5Shareholders’ equity197.0Debt to equity1.12Fiscal year 2021Cash24.1Total debt202.6Net cash (debt)−178.5Shareholders’ equity200.7Debt to equity1.01Fiscal year 2022Cash20.5Total debt191.3Net cash (debt)−170.8Shareholders’ equity198.5Debt to equity0.96Fiscal year 2023Cash17.6Total debt190.4Net cash (debt)−172.8Shareholders’ equity190.2Debt to equity1.00Fiscal year 2024Cash18.3Total debt169.6Net cash (debt)−151.3Shareholders’ equity198.6Debt to equity0.85Fiscal year 2025Cash28.0Total debt178.0Net cash (debt)−150.0Shareholders’ equity235.1Debt to equity0.76
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 19.2 27.5 25.5 15.0 25.8 24.1 20.5 17.6 18.3 28.0
Total debt 87.3 166.9 290.6 254.7 220.2 202.6 191.3 190.4 169.6 178.0
Net cash (debt) −68.1 −139.3 −265.1 −239.7 −194.5 −178.5 −170.8 −172.8 −151.3 −150.0
Shareholders’ equity 270.6 270.6 270.9 285.8 197.0 200.7 198.5 190.2 198.6 235.1
Debt to equity 0.32 0.62 1.07 0.89 1.12 1.01 0.96 1.00 0.85 0.76

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
684.8 701.0 742.4 748.6 592.6 677.1 687.4 705.5 729.6 724.0
Growth +2.4% +5.9% +0.8% −20.8% +14.3% +1.5% +2.6% +3.4% −0.8%
468.9 492.2 n/a n/a n/a n/a n/a n/a n/a n/a
194.1 187.7 207.9 217.3 178.5 197.1 198.2 184.3 192.2 204.5
Growth −3.3% +10.7% +4.5% −17.8% +10.4% +0.5% −7.0% +4.3% +6.4%
2.7 2.3 3.3 3.0 2.9 2.5 2.0 1.7 1.1 1.0
148.9 151.8 165.7 168.6 157.2 161.3 166.4 147.2 135.5 139.9
25.5 4.2 22.2 24.1 −101.2 18.2 19.8 −1.9 39.8 40.6
Growth −83.7% +434.2% +8.6% −519.3% +9.0% −109.6% +1.9%
22.5 −0.2 14.3 10.4 −114.2 7.3 9.3 −18.7 24.2 22.5
8.0 1.9 7.4 4.4 −14.7 3.4 2.7 −1.2 5.3 5.6
14.4 −2.2 6.8 6.1 −99.5 3.9 6.5 −17.5 19.0 16.8
Growth −115.1% −11.4% −1,741.3% +68.4% −368.5% −11.2%
Per share
0.50 −0.08 0.24 0.21 −3.41 0.13 0.22 −0.58 0.61 0.54
0.48 −0.08 0.23 0.21 −3.41 0.13 0.21 −0.58 0.60 0.53
Growth −116.7% −8.7% −1,723.8% +61.5% −376.2% −11.7%
29.0 28.4 28.4 28.7 29.1 29.6 29.9 30.3 30.9 31.4
30.1 28.4 29.4 29.0 29.1 30.1 30.2 30.3 31.6 32.1
Growth −5.6% +3.5% −1.3% +0.3% +3.4% +0.3% +0.3% +4.2% +1.4%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 4.1% a year over five years.
  • The diluted share count rose 10.0% in five years, which is dilution.
  • Operating margin is up 22.7 points on five years ago, at 5.6%.
  • A net loss in 3 of 10 years on file.