Sunday 11 October 2026 Export all MG data to Excel Powerpack

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%

Follow MG

Alert me

Market cap: $659.5M
P/E: 24.2×
Fwd P/E: 17.0×
Dividend yield: —
F-score: 5/9
Altman Z: 2.38
Beneish M: −2.46
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 0.06

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	1	—	—	—	—	—	—	—	—	—

Insider Ownership 44.52%

Capital & Financial Ratios $m

Market Cap 659.51

Revenue 739.17

Net Income 26.87

Free Cash Flow 28.75

Net Debt 170.21

Current Ratio 1.71

Debt/Equity 0.80

P/E ratio 24.15

Fwd P/E 17.00

P/S ratio 0.89

P/B ratio 2.75

Past 5Y EPS Growth —

This Y EPS Growth 15.34%

Next Y EPS Growth 23.15%

Next Y revenue growth 3.19%

Next 5Y EPS Growth 18.38%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 18.23%

10-year low 10-year high

P/S against its own 10 years 86.41%

10-year low 10-year high

P/B against its own 10 years 99.34%

10-year low 10-year high

EV/Sales against its own 10 years 95.72%

10-year low 10-year high

EV/FCF against its own 10 years 76.87%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2026	Powerpack
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2018	Powerpack
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	18	18	28	22
Receivables	133	127	155	162
Inventory	15	14	14	17
Other	—	—	—	—
	180	172	216	219

	2023	2024	2025	Q'26
Payables	17	11	15	22
ST’ Debt	9	12	13	13
Other	—	—	—	—
	117	115	124	128

Compound Annual Growth %

	10y	5y	3y
Sales	0.07%	4.09%	1.75%
Cash Flow	(7.00%)	(13.42%)	7.69%
Earnings	(3.74%)	0.00%	37.34%
Book Value	(1.58%)	3.62%	5.84%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	169	193	—	—	—
’25	162	185	196	181	724
’24	184	190	183	173	730
’23	168	176	179	182	705
’22	162	179	178	168	687
’21	154	178	175	171	677
’20	159	124	148	161	593

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	3	15	—	—	—
’25	6	(9)	4	32	33
’24	1	5	19	26	50
’23	4	14	(8)	16	27
’22	(5)	13	3	16	26
’21	3	15	4	20	42
’20	6	29	7	26	68

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(3)	9	—	—	—
’25	0	(15)	(3)	26	8
’24	(5)	(1)	13	21	29
’23	0	9	(13)	9	5
’22	(8)	9	0	13	14
’21	(1)	9	(1)	17	24
’20	2	26	4	22	53

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.07	0.23	—	—	—
’25	(0.10)	0.10	0.41	0.12	0.53
’24	0.03	0.20	0.20	0.17	0.60
’23	(0.17)	0.01	(0.34)	(0.08)	(0.58)
’22	(0.18)	0.15	0.14	0.09	0.21
’21	(0.18)	0.20	0.11	0.00	0.13
’20	(3.40)	(0.09)	0.05	0.01	(3.41)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	18.55	17.00	13.66	12.20	2.77	6.66	3.38	4.85	7.09	7.06	Analyst estimates 2026–2028 Powerpack
	High	26.47	26.46	23.83	16.95	14.39	12.57	8.02	8.31	12.44	13.43
People
People	Employees	5,700	6,000	5,700	5,500	5,400	5,400	5,400	4,800	4,800	4,800
	Revenue/emp, $m	0.00	0.12	0.13	0.14	0.11	0.13	0.13	0.15	0.15	0.15
Income, $m
Income, $m	Revenue	693	701	742	749	593	677	687	705	730	724
	Gross margin, %	27.38	26.78	28.00	29.03	30.13	29.12	28.83	26.12	26.34	28.25
	EBT	27	0	14	10	(114)	7	9	(19)	24	22
	EBT margin, %	3.83	(0.03)	1.92	1.39	(19.27)	1.08	1.35	(2.65)	3.32	3.10
	Net income	0	(2)	7	6	(99)	4	7	(17)	19	17
	Depreciation	19	31	34	39	36	35	33	34	33	31
Per share, $
Per share, $	Revenue	23.90	24.66	26.13	26.05	20.33	22.90	22.99	23.26	23.59	23.05
	Earnings	0.54	(0.08)	0.24	0.21	(3.41)	0.13	0.22	(0.58)	0.61	0.54
	Cash flow	1.04	1.96	1.47	2.06	2.33	1.43	0.88	0.88	1.62	1.05
	Capex	0.00	(0.68)	(0.69)	(0.73)	(0.51)	(0.61)	(0.41)	(0.73)	(0.69)	(0.80)
	Free cash flow	1.04	1.28	0.77	1.32	1.81	0.82	0.47	0.15	0.93	0.25
	Book value	9.34	9.53	9.54	9.95	6.77	6.79	6.65	6.28	6.43	7.50
	Shares, m	29	28	28	29	29	30	30	30	31	31
Valuation, ×
Valuation, ×	P/E	31.77	0.00	62.52	67.95	0.00	57.15	23.24	0.00	14.61	23.43
	P/S	1.08	0.96	0.55	0.55	0.38	0.32	0.21	0.31	0.38	0.55
	P/B	2.76	2.48	1.51	1.43	1.15	1.09	0.73	1.16	1.41	1.69
	EV/Sales	1.19	1.17	0.92	0.89	0.73	0.60	0.48	0.57	0.61	0.78
	EV/FCF	(54.76)	22.50	31.09	17.42	8.17	16.89	23.06	87.72	15.53	71.85
Cash, $m
Cash, $m	Operating cash flow	30	56	42	59	68	42	26	27	50	33
	Capex	(10)	(19)	(20)	(21)	(15)	(18)	(12)	(22)	(21)	(25)
	Free cash flow	30	36	22	38	53	24	14	5	29	8
Balance, $m
Balance, $m	Working capital	105	105	102	70	53	40	64	64	58	92
	Total debt	97	176	300	268	231	212	201	202	185	195
	Net debt	78	148	274	253	206	188	181	184	166	167
	Shareholders’ equity	271	271	271	286	197	201	199	191	199	236
Returns, %
Returns, %	ROA	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
	ROE	6.00	(0.80)	2.52	2.18	(41.16)	1.94	3.25	(8.97)	9.74	7.75

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
BCO Brink's Company (The)	$4.2B	23.9×	12.4×	+7.06% (above 0%: growing)	+3.88% (above 0%: growing)	−97.49% (below 0%: shrinking)	26.29%	9.57%	Compare
GEO Geo Group Inc (The)	$4.1B	14.5×	20.6×	+15.08% (above 0%: growing)	+71.43% (above 0%: growing)	+2,422.02% (above 0%: growing)	27.51%	13.89%	Compare
BRC Brady Corporation	$4.0B	19.6×	16.5×	+9.98% (above 0%: growing)	−7.62% (below 0%: shrinking)	+22.90% (above 0%: growing)	52.90%	13.76%	Compare
CXW CoreCivic, Inc.	$3.2B	25.9×	14.7×	+27.27% (above 0%: growing)	+8.57% (above 0%: growing)	+55.25% (above 0%: growing)	21.74%	10.07%	Compare
NSSC NAPCO Security Technologies, Inc.	$1.3B	29.9×	21.5×	+10.02% (above 0%: growing)	+51.52% (above 0%: growing)	+19.89% (above 0%: growing)	61.31%	33.02%	Compare
EVLV Evolv Technologies Holdings, Inc.	$829.6M	— (loss-making)	— (loss-making)	+34.44% (above 0%: growing)	n/m	+203.88% (above 0%: growing)	50.17%	(24.11%)	Compare
MG Mistras Group Inc	$659.5M	24.2×	17.0×	+4.17% (above 0%: growing)	+140.00% (above 0%: growing)	+156.37% (above 0%: growing)	29.23%	6.70%
CIX CompX International Inc.	$487.1M	21.9×	12.8×	+8.05% (above 0%: growing)	+34.09% (above 0%: growing)	+79.73% (above 0%: growing)	35.62%	20.45%	Compare
NL NLI Holdings, Inc.	$340.8M	— (loss-making)	9.8×	+8.05% (above 0%: growing)	+1,700.00% (above 0%: growing)	+65.68% (above 0%: growing)	35.62%	14.06%	Compare
Median of peers	$2.2B	22.9×	14.7×	+10.00%	+34.09%	+60.47%	35.62%	13.82%

All 22 Security & Protection Services stocks →

Mistras Group Inc (MG) key facts

Concern: Mistras Group Inc’s revenue for fiscal 2025 (year ended December 2025) was $724.0 million, down 0.77% from fiscal 2024.
Concern: Net income was $16.9 million, or $0.54 per share (basic), a net margin of 2.33%.
Mistras Group Inc (MG) is a Security & Protection Services company in the Industrials sector, listed on the New York Stock Exchange.
As of October 9, 2026, MG traded at $20.77, a market capitalization of $659.5 million.
At that price the stock trades at 24.2× trailing-twelve-month earnings and 0.9× sales; its P/E is higher than 18% of its own readings over the past ten years.
Return on equity was 7.75% and debt-to-equity 0.80.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 2.38 (grey zone) for fiscal 2025.