Mistras Group, Inc. (MG) Financial Statements
Industry: Engineering Services (Services)
In fiscal 2025, Mistras reported revenue of $724.0M, down 0.8% from $729.6M the year before. Net income was $16.8M (a 2.3% net margin), or $0.53 per diluted share. Gross margin was 28.2% and operating margin was 5.6%. Operating activities generated $33.0M of cash, leaving $8.3M of free cash flow. At fiscal year end, Mistras held $578.8M in total assets against $343.1M in total liabilities, including $28.0M of cash and equivalents.
Open the full interactive Mistras financials → Quarterly statements, key ratios, valuation history and price charts.
Mistras Key Stats
| Share Price | $20.84 |
|---|---|
| Market Cap | $686.1M |
| P/E Ratio | 39.3 |
| Revenue YoY Growth | -0.8% |
| 52-Week Range | $9.50 – $21.59 |
| Shares Outstanding | 31.8 million (basic, 2026 Q2) |
Mistras Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $592.6M | $677.1M | $687.4M | $705.5M | $729.6M | $724.0M |
| Gross Profit | $178.5M | $197.1M | $198.2M | $203.8M | $213.1M | $204.5M |
| Operating Income | -$101.2M | $18.2M | $19.8M | -$1.9M | $39.8M | $40.6M |
| Pre-Tax Income | -$114.2M | $7.3M | $9.3M | -$18.7M | $24.2M | $22.5M |
| Income Tax | -$14.7M | $3.4M | $2.7M | -$1.2M | $5.3M | $5.6M |
| Net Income | -$99.5M | $3.9M | $6.5M | -$17.5M | $19.0M | $16.8M |
| Diluted EPS | -$3.41 | $0.13 | $0.21 | -$0.58 | $0.60 | $0.53 |
Mistras Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $195.5M | $181.5M | $169.0M | $193.1M |
| Net Income | $13.1M | $3.9M | $2.4M | $7.6M |
| Diluted EPS | $0.41 | $0.12 | $0.07 | $0.23 |
Mistras Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $25.8M | $24.1M | $20.5M | $17.6M | $18.3M | $28.0M |
| Current Assets | $162.6M | $161.3M | $167.9M | $180.4M | $172.5M | $216.2M |
| Total Assets | $583.3M | $562.2M | $534.9M | $534.8M | $523.0M | $578.8M |
| Current Liabilities | $109.8M | $121.4M | $103.7M | $116.5M | $114.9M | $124.3M |
| Total Long-Term Debt | $220.2M | $202.6M | $191.3M | $190.4M | $169.6M | $178.0M |
| Total Liabilities | $386.1M | $361.3M | $336.2M | $344.3M | $324.1M | $343.1M |
| Shareholders' Equity | $197.0M | $200.7M | $198.4M | $190.2M | $198.6M | $235.1M |
Mistras Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $67.8M | $42.3M | $26.4M | $26.7M | $50.1M | $33.0M |
| Cash From Investing | -$15.0M | -$18.6M | -$12.2M | -$22.1M | -$21.4M | -$25.1M |
| Cash From Financing | -$44.2M | -$23.2M | -$16.3M | -$7.7M | -$27.4M | -$595,000 |
| Free Cash Flow | $52.4M | $24.1M | $13.8M | $5.9M | $32.2M | $8.3M |
Figures from Mistras' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Mistras financials page for every line item.
Mistras Company Profile
| Ticker | MG |
|---|---|
| Exchange | NYSE |
| Industry | Engineering Services (Services) |
| Headquarters | Princeton Junction, New Jersey |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0001436126 |
Frequently Asked Questions
What was Mistras' revenue in fiscal 2025?
Mistras (MG) reported revenue of $724.0M for fiscal 2025.
What is Mistras' annual revenue history?
Mistras' annual revenue by fiscal year: 2020: $592.6M; 2021: $677.1M; 2022: $687.4M; 2023: $705.5M; 2024: $729.6M; 2025: $724.0M.
What was Mistras' net income in fiscal 2025?
Mistras reported net income of $16.8M for fiscal 2025.
What was Mistras' earnings per share (EPS) in fiscal 2025?
Mistras' diluted EPS was $0.53 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Mistras generate in fiscal 2025?
Mistras generated $8.3M of free cash flow in fiscal 2025.
What was Mistras' revenue last quarter?
In its most recent reported quarter (2026 Q2), Mistras reported revenue of $193.1M.
How much debt does Mistras have?
Mistras reported $178.0M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Mistras are outstanding?
Mistras reported a weighted average of 31.8 million basic shares outstanding in 2026 Q2.
What is Mistras' market cap?
Based on its latest closing price, Mistras (MG) has a market capitalization of about $686.1M.
When does Mistras' fiscal year end?
Mistras' fiscal year end, as registered with the SEC, is December 31.
Where is Mistras headquartered?
Mistras lists its business address in Princeton Junction, New Jersey in its SEC filings.