Mistras Group Inc (MG) financials
Mistras Group revenue and earnings by year
Mistras Group's revenue was $724 million in the fiscal year to December 31, 2025, down 0.8% from the year before. Net income was $16.8 million, 2.3% of revenue. Since the fiscal year to December 31, 2017, revenue has grown 0.4% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 9 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 724 | 730 | 705 | 687 | 677 | 593 | 749 | 742 | 701 |
| Revenue growth | -0.8% | 3.4% | 2.6% | 1.5% | 14.3% | -20.8% | 0.8% | 5.9% | — |
| Gross profit | 205 | 192 | 184 | 198 | 197 | 179 | 217 | 208 | 188 |
| Gross margin | 28.2% | 26.3% | 26.1% | 28.8% | 29.1% | 30.1% | 29.0% | 28.0% | 26.8% |
| Operating income | 41 | 40 | -2 | 20 | 18 | -101 | 24 | 20 | 4 |
| Operating margin | 5.6% | 5.5% | -0.3% | 2.9% | 2.7% | -17.1% | 3.2% | 2.7% | 0.6% |
| Net income | 17 | 19 | -17 | 6 | 4 | -99 | 6 | 7 | -2 |
| Net margin | 2.3% | 2.6% | -2.5% | 0.9% | 0.6% | -16.8% | 0.8% | 0.9% | -0.3% |
| Diluted EPS | $0.53 | $0.60 | -$0.58 | $0.21 | $0.13 | -$3.41 | $0.21 | $0.23 | -$0.08 |
| Free cash flow | 12 | 34 | 7 | 15 | 25 | 53 | 39 | 22 | 38 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open MG in Markets.
How Mistras Group makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Oil Gas | $94.3M | 48.9% |
| Aerospace & Defense | $27.2M | 14.1% |
| Industrials | $20.5M | 10.6% |
| Power Generation & Transmission | $14.9M | 7.7% |
| Infrastructure Research & Engineering | $14.2M | 7.4% |
| Other Process Industries | $10.4M | 5.4% |
| Other Products & Services | $8.03M | 4.2% |
| Petrochemical | $3.60M | 1.9% |
See also: MG valuation and P/E history · MG returns
No forecast, no recommendation. This page describes Mistras Group Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.