Sunday 11 October 2026
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Mistras Group Inc
MG Industrials Security & Protection Services
Mistras Group Inc’s revenue for fiscal 2025 (year ended December 2025) was $724.0 million, down 0.77% from fiscal 2024. In the quarter to June 2026, revenue grew 4.17%, EPS grew 140.0%, free cash flow grew 156.4% and total debt fell 6.38%, each against the same quarter a year earlier.
20.77
0.07
+0.34%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
— | — | 6 | 5 | 4 | 6 | 6 | 3 | 7 | 5 |
P/E ratio |
31.77 | 0.00 | 62.52 | 67.95 | 0.00 | 57.15 | 23.24 | 0.00 | 14.61 | 23.43 |
Altman Z-Score |
4.70 | 3.09 | 2.08 | 1.99 | 0.85 | 1.72 | 1.78 | 1.76 | 2.27 | 2.38 |
P/S ratio |
1.08 | 0.96 | 0.55 | 0.55 | 0.38 | 0.32 | 0.21 | 0.31 | 0.38 | 0.55 |
P/FCF ratio |
0.00 | 18.43 | 18.61 | 10.78 | 4.28 | 9.10 | 10.30 | 47.84 | 9.74 | 50.55 |
Altman Z″-Score (non-manufacturers) |
4.42 | 2.67 | 2.19 | 1.91 | (0.16) | 1.16 | 1.59 | 1.16 | 1.82 | 2.27 |
Beneish M-Score |
— | (2.99) | (2.67) | (2.87) | (4.12) | (2.74) | (2.55) | (2.76) | (2.76) | (2.46) |
P/Operating CF |
86.61 | 32.63 | 23.37 | 22.01 | 8.70 | 11.10 | 9.19 | 13.75 | 10.92 | 12.36 |
P/B ratio |
2.76 | 2.48 | 1.51 | 1.43 | 1.15 | 1.09 | 0.73 | 1.16 | 1.41 | 1.69 |
Price to Tangible BV |
12.29 | 185.71 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 32.02 |
EV/Sales |
1.19 | 1.17 | 0.92 | 0.89 | 0.73 | 0.60 | 0.48 | 0.57 | 0.61 | 0.78 |
EV/EBITDA |
20.63 | 23.05 | 12.05 | 10.58 | 0.00 | 7.68 | 6.15 | 12.57 | 6.13 | 7.89 |
EV/Operating CF |
(53.21) | 14.68 | 16.38 | 11.21 | 6.37 | 9.65 | 12.37 | 15.13 | 8.91 | 17.12 |
EV/FCF |
(54.76) | 22.50 | 31.09 | 17.42 | 8.17 | 16.89 | 23.06 | 87.72 | 15.53 | 71.85 |
Quick Ratio |
1.93 | 1.84 | 1.73 | 1.38 | 1.21 | 1.10 | 1.39 | 1.29 | 1.27 | 1.47 |
Current Ratio |
2.35 | 2.16 | 2.02 | 1.64 | 1.48 | 1.33 | 1.62 | 1.55 | 1.50 | 1.74 |
Net Debt/EBITDA |
1.22 | 4.17 | 4.84 | 4.03 | (3.14) | 3.55 | 3.41 | 5.72 | 2.29 | 2.34 |
Debt/Assets |
20.66% | 31.67% | 43.18% | 37.19% | 39.66% | 37.77% | 37.63% | 37.71% | 35.33% | 33.75% |
Debt/Equity |
0.36 | 0.65 | 1.11 | 0.94 | 1.17 | 1.06 | 1.01 | 1.06 | 0.93 | 0.83 |
Asset Turnover |
1.46 | 1.37 | 1.19 | 1.06 | 0.91 | 1.18 | 1.25 | 1.32 | 1.38 | 1.31 |
Operating CF/Net income |
1.84 | (25.65) | 6.09 | 9.75 | (0.68) | 10.95 | 4.06 | (1.53) | 2.64 | 1.96 |
Capex/Depreciation |
0.00 | (0.62) | (0.57) | (0.55) | (0.42) | (0.52) | (0.37) | (0.65) | (0.65) | (0.81) |
Interest Coverage |
— | 0.95 | 2.80 | 1.76 | (7.81) | 1.67 | 1.88 | (0.11) | 2.33 | 2.77 |
| 6.00% | (0.80%) | 2.52% | 2.18% | (41.16%) | 1.94% | 3.25% | (8.97%) | 9.74% | 7.75% | |
| 3.45% | (0.42%) | 1.10% | 0.86% | (15.26%) | 0.67% | 1.18% | (3.26%) | 3.58% | 3.06% | |
ROIC |
0.00% | 0.62% | 2.55% | 2.80% | (15.71%) | 2.92% | 3.26% | (0.32%) | 6.81% | 6.29% |
Return on Tangible Assets |
9.21% | (1.13%) | 3.48% | 3.60% | (68.39%) | 3.05% | 4.59% | (12.05%) | 13.69% | 9.10% |
Average Days of Receivables |
68.93 | 71.90 | 72.93 | 66.31 | 66.29 | 59.03 | 65.66 | 68.73 | 63.67 | 77.97 |
Research and Development Expense of Revenue |
0.39% | 0.32% | 0.45% | 0.41% | 0.49% | 0.37% | 0.29% | 0.24% | 0.15% | 0.14% |
Selling, General and Administrative Expense of Revenue |
22.53% | 21.66% | 22.32% | 22.53% | 26.52% | 23.83% | 24.21% | 20.87% | 18.56% | 19.32% |
Intangible Assets out of Total Assets |
0.45 | 0.48 | 0.56 | 0.54 | 0.47 | 0.47 | 0.46 | 0.43 | 0.42 | 0.39 |
Share Based Compensation of Revenue |
0.00% | 0.94% | 0.82% | 0.77% | 0.99% | 0.80% | 0.78% | 0.81% | 0.70% | 1.08% |
Graham Net Nets |
(0.02) | (0.13) | (0.54) | (0.62) | (0.99) | (0.91) | (1.15) | (0.74) | (0.54) | (0.32) |
Graham Number |
0.00 | 0.00 | 7.03 | 6.86 | 0.00 | 4.46 | 5.60 | 0.00 | 9.47 | 9.55 |
Earnings Yield |
3.15% | (0.34%) | 1.60% | 1.47% | (44.20%) | 1.75% | 4.30% | (7.97%) | 6.84% | 4.27% |
Free Cash Flow Yield |
(2.02%) | 5.43% | 5.37% | 9.28% | 23.36% | 10.99% | 9.71% | 2.09% | 10.27% | 1.98% |
Revenue per Share |
23.90 | 24.66 | 26.13 | 26.05 | 20.33 | 22.90 | 22.99 | 23.26 | 23.59 | 23.05 |
Operating CF per Share |
1.04 | 1.96 | 1.47 | 2.06 | 2.33 | 1.43 | 0.88 | 0.88 | 1.62 | 1.05 |
Capex per Share |
0.00 | (0.68) | (0.69) | (0.73) | (0.51) | (0.61) | (0.41) | (0.73) | (0.69) | (0.80) |
Free Cash Flow per Share |
1.04 | 1.28 | 0.77 | 1.32 | 1.81 | 0.82 | 0.47 | 0.15 | 0.93 | 0.25 |
Cash per Share |
0.66 | 0.97 | 0.90 | 0.52 | 0.88 | 0.82 | 0.69 | 0.58 | 0.59 | 0.89 |
Shareholders Equity per Share |
9.34 | 9.53 | 9.54 | 9.95 | 6.77 | 6.79 | 6.65 | 6.28 | 6.43 | 7.50 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
9.34 | 9.53 | 9.54 | 9.95 | 6.77 | 6.79 | 6.65 | 6.28 | 6.43 | 7.50 |
Free Cash Flow |
30.26 | 36.43 | 21.96 | 38.06 | 52.83 | 24.15 | 14.17 | 4.62 | 28.76 | 7.86 |
Working Capital |
104.94 | 104.78 | 102.32 | 69.92 | 52.74 | 39.92 | 64.15 | 63.83 | 57.55 | 91.88 |
Capital Expenditures |
(9.79) | (19.37) | (19.71) | (21.05) | (14.97) | (18.11) | (12.24) | (22.13) | (21.37) | (25.12) |
Net Current Asset Value |
(16.03) | (88.64) | (220.17) | (254.70) | (223.51) | (199.94) | (168.27) | (163.92) | (151.67) | (126.94) |
EV/EBIT |
20.31 | 196.97 | 30.72 | 27.46 | 0.00 | 22.45 | 16.50 | 0.00 | 11.22 | 13.92 |
Capex to Sales |
0.00 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.03 | 0.03 | 0.03 |
Price to Operating Income |
18.39 | 161.38 | 18.38 | 16.99 | 0.00 | 12.09 | 7.37 | 0.00 | 7.04 | 9.79 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.26 | 0.36 | 0.37 | 0.39 | 0.39 | 0.40 | 0.43 | 0.42 | 0.41 | 0.33 |
Cash ROIC |
7.82% | 7.69% | 3.68% | 6.69% | 11.63% | 5.52% | 3.37% | 1.13% | 7.15% | 1.71% |
Accounts Receivable Turnover |
5.16 | 5.21 | 5.18 | 5.27 | 4.86 | 6.24 | 5.90 | 5.50 | 5.61 | 5.14 |
Accounts Payable Turnover |
57.17 | 59.80 | 44.13 | 36.77 | 28.29 | 35.41 | 38.52 | 35.26 | 38.17 | 39.85 |
Inventory Turnover |
50.48 | 50.03 | 45.38 | 40.15 | 31.19 | 37.18 | 37.28 | 36.14 | 36.11 | 36.47 |
Average Days of Payables |
4.94 | 7.37 | 9.47 | 10.33 | 12.55 | 9.79 | 9.35 | 11.93 | 7.56 | 10.50 |
Days of Inventory on Hand |
7.27 | 7.47 | 8.91 | 9.21 | 11.58 | 9.65 | 10.11 | 10.70 | 9.84 | 9.84 |
Average Receivables |
134.38 | 134.47 | 143.20 | 142.16 | 121.81 | 108.57 | 116.58 | 128.25 | 130.06 | 140.98 |
Average Payables |
8.80 | 8.58 | 12.11 | 14.45 | 14.64 | 13.56 | 12.70 | 14.78 | 14.08 | 13.04 |
Average Inventory |
9.97 | 10.26 | 11.78 | 13.23 | 13.27 | 12.91 | 13.12 | 14.42 | 14.88 | 14.24 |
Average Assets |
476.05 | 511.93 | 624.24 | 706.96 | 651.60 | 572.75 | 548.55 | 534.84 | 528.91 | 550.91 |
Average Common Equity |
273.52 | 270.77 | 270.93 | 278.55 | 241.62 | 199.07 | 199.83 | 194.63 | 194.70 | 217.27 |
Columns are period end dates