MGNYSEServices-Engineering ServicesFiscal year ends December 31
Mistras Group, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 10, 2026
$21.44−0.02 (-0.09%)
Close on Oct 19, 2026
- Market cap
- $705.89M
- P/E (TTM)
- 25.8
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2010 to 2025
Gross margin
28.2%−1.9 pts over 5 years
Operating margin
5.6%+22.7 pts over 5 years
Net margin
2.3%+19.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -0.8% | +1.7% | +4.1% | +0.2% | |
| Gross profit | +6.4% | +1.1% | +2.8% | +1.0% | |
| Operating income | +1.9% | +27.0% | – | +2.9% | |
| Net income | -11.2% | +37.3% | – | +0.5% | |
| EPS, diluted | -11.7% | +36.2% | – | -0.2% | |
| Free cash flow | -74.2% | -15.6% | -30.8% | -13.3% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2015 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 6.6% | -41.2% | 7.8% | |
| Return on assets | 3.5% | -15.3% | 3.1% | |
| Current ratio | 1.83 | 1.48 | 1.74 | |
| Debt to equity | 0.46 | 1.12 | 0.76 | |
| Net debt to EBITDA | 1.62× | -2.97× | 2.10× | |
| Interest coverage | 6.6× | -7.8× | 2.8× | |
| Inventory turnover | 47.4× | 31.2× | 36.5× | |
| Capex to revenue | 2.1% | 2.6% | 3.4% | |
| Diluted shares | 30M | 29M | 32M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Mistras generated $178.53M from operations and spent $94.18M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$178.53M
Used
$94.18M
Capital expenditure$94.18M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin2.3%
×Asset turnover1.31×
×Equity multiplier2.54×
=Return on equity, FY20257.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 2.3% | 1.31× | 2.54× | 7.8% |
| FY2024 | 2.6% | 1.38× | 2.72× | 9.8% |
| FY2023 | -2.5% | 1.32× | 2.75× | -9.0% |
| FY2022 | 0.9% | 1.25× | 2.75× | 3.3% |
| FY2021 | 0.6% | 1.18× | 2.88× | 1.9% |
| FY2020 | -16.8% | 0.91× | 2.70× | -41.2% |
| FY2019 | 0.8% | 1.06× | 2.54× | 2.2% |
| FY2016 | 3.4% | 1.51× | 1.83× | 9.5% |
| FY2015 | 2.3% | 1.55× | 1.88× | 6.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$16.84M
- Cash generatingOperating cash flow above zero$32.98M
- Return on assets improvedROA up on the prior year3.5% → 3.2%
- Earnings backed by cashOperating cash flow above net income$32.98M vs $16.84M
- Less leverageLong-term debt to assets fell30.2% → 28.5%
- Better liquidityCurrent ratio rose1.50 → 1.74
- No dilutionShare count did not rise32M → 32M
- Gross margin improvedGross margin up on the prior year26.34% → 28.25%
- More efficientAsset turnover rose1.36 → 1.38