MG Industrials

Mistras Group, Inc.

$20.18+0.15%

Price as of close on Nov 3, 2026 · Financials updated Oct 10, 2026

Basics

Sector: Industrials
Industry: Security & Protection Services
Country: United States
Market cap: 642.9M USD
Enterprise value: 833.6M USD
Full-time employees: 4,800

Overall health

Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings
Drawback: its share price swings more than most peers’ (beta 0.91 vs a peer median of 0.64), though less than the overall marketbigger price swings (beta 0.91 vs peers 0.64)
About average: profitability and risk (debt, liquidity and share-price swings)profitability and risk

Ranks #775 of 2,308 industrials companies (top 34%)

See how it ranks against its peers

Worth knowing

Profits growing faster than sales. Since 2022: revenue +5.3%, operating profit +105%.
Since 2022, Mistras's revenue grew 5.3% while operating profit grew 105%: each extra dollar of sales is adding more profit.
Profit is backed by cash. Free cash flow is 107% of reported profit.
Mistras's free cash flow is 107% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.

StockQuotient Score

59/ 100

Oct 5 59 → Nov 4 59

Valuation

Is the price right?

61/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Stronger than most peers on:

▲ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield4.2%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score 0.14Sector median: 0.0377 · MAD: 0.0294

EBITDA yield10.4%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score 0.81Sector median: 0.0695 · MAD: 0.0425

Free cash flow yield4.5%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score 0.22Sector median: 0.0370 · MAD: 0.0370

Other data (not scored)

Book yield37.3%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5027 · MAD: 0.2823

Growth

Is it growing?

85/100

Strong

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth133.8%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 5.11Sector median: 0.0709 · MAD: 0.2481

3-year revenue growth2.3%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score -0.31Sector median: 0.0421 · MAD: 0.0625

Revenue growth5.2%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.11Sector median: 0.0439 · MAD: 0.0766

Profitability

Does it earn well?

55/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Helped by:

▲ ROA
▲ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin6.9%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.17Sector median: 0.0773 · MAD: 0.0507

Return on assets4.6%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.63Sector median: 0.0311 · MAD: 0.0241

Return on invested capital10.3%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.56Sector median: 0.0715 · MAD: 0.0558

Other data (not scored)

Gross margin28.5%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.2573 · MAD: 0.1038

Return on equity11.2%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0802 · MAD: 0.0639

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Held back by:

▼ Beta
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.91

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -0.95Sector median: 0.6440 · MAD: 0.2745

Current ratio1.71×

SEC filings · latest balance sheetReported value33% base weight · Z-score 0.18Sector median: 1.6180 · MAD: 0.5360

Debt / equity0.72×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.93Sector median: 0.4019 · MAD: 0.3378

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Mistras

Is Mistras getting weaker?: Its latest SEC filing (Aug 10, 2026) showed no major changes. Its overall score is unchanged at 59/100 since Oct 28, 2026.
How is Mistras valued vs its peers?: Priced lower than most peers relative to what it earns. Valuation scores 61/100 against 2,459 industrials peers. EBITDA yield 10.4% vs a peer median of 6.9% (stronger than 69% of peers).EBITDA yield 10.4% vs peers 6.9% (stronger than 69% of peers).
Is Mistras growing?: Yes, faster than most of its peers. Growth scores 85/100 against 2,459 industrials peers. Earnings per share growth 133.8% vs a peer median of 7.1% (stronger than 94% of peers).Earnings per share growth 133.8% vs peers 7.1% (stronger than 94% of peers).
How profitable is Mistras?: About as profitable as its peers. Profitability scores 55/100 against 2,459 industrials peers. Return on assets 4.6% vs a peer median of 3.1% (stronger than 65% of peers).Return on assets 4.6% vs peers 3.1% (stronger than 65% of peers).
How risky is Mistras?: Moderate risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Beta 0.91 vs a peer median of 0.64 (weaker than 69% of peers).Beta 0.91 vs peers 0.64 (weaker than 69% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 10, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	731.4M USD	739.2M USD	+1.1%
Net income (12 months)	22.4M USD	27.0M USD	+20.4%
Operating margin	6.3%	6.9%	+0.5 pts
Free cash flow (12 months)	4.1M USD	28.9M USD	+612.6%
Debt	181.4M USD	172.1M USD	−5.1%
Cash	25.0M USD	22.0M USD	−12.0%
Shares outstanding	31.8M	31.8M	+0.1%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Industrials · 318 companies

Valuations in Industrials are near the top of their range since 2016.

85% of months since 2016 were valued lower than now.
41% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +20% and earnings +14% (medians): prices and earnings moved broadly together.
Median price-to-sales is −24% vs the whole market, against a usual −31%.

2016Shaded: most expensive fifth of its range2026

Shown for Industrials: too few Security & Protection Services companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	29.1%	28.8%	26.1%	26.3%	28.2%	▲ 1.9 pts
Operating margin	2.7%	2.9%	-0.3%	5.5%	5.6%	▲ 0.1 pts
Net margin	0.6%	0.9%	-2.5%	2.6%	2.3%	▼ 0.3 pts
Return on assets (ROA)	0.7%	1.2%	-3.3%	3.6%	2.9%	▼ 0.7 pts
Return on equity (ROE)	1.9%	3.3%	-9.2%	9.5%	7.2%	▼ 2.4 pts
Free cash flow margin	3.6%	2.0%	0.8%	4.4%	1.1%	▼ 3.3 pts
Current ratio	1.33×	1.62×	1.55×	1.50×	1.74×	▲ 16%
Quick ratio	1.22×	1.49×	1.42×	1.37×	1.63×	▲ 18%
Debt to equity	1.01×	0.96×	1.00×	0.85×	0.76×	▼ 11%
Interest coverage	1.67×	1.88×	-0.11×	2.33×	2.77×	▲ 19%

MG price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings

Drawback: its share price swings more than most peers’ (beta 0.91 vs a peer median of 0.64), though less than the overall marketbigger price swings (beta 0.91 vs peers 0.64)

About average: profitability and risk (debt, liquidity and share-price swings)profitability and risk

Ranks #775 of 2,308 industrials companies (top 34%)

See how it ranks against its peers

Worth knowing

Profits growing faster than sales. Since 2022: revenue +5.3%, operating profit +105%.

Since 2022, Mistras's revenue grew 5.3% while operating profit grew 105%: each extra dollar of sales is adding more profit.

Profit is backed by cash. Free cash flow is 107% of reported profit.

Mistras's free cash flow is 107% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.

Questions investors ask about Mistras

Is Mistras getting weaker?

Its latest SEC filing (Aug 10, 2026) showed no major changes. Its overall score is unchanged at 59/100 since Oct 28, 2026.

How is Mistras valued vs its peers?

Priced lower than most peers relative to what it earns. Valuation scores 61/100 against 2,459 industrials peers. EBITDA yield 10.4% vs a peer median of 6.9% (stronger than 69% of peers).EBITDA yield 10.4% vs peers 6.9% (stronger than 69% of peers).

Is Mistras growing?

Yes, faster than most of its peers. Growth scores 85/100 against 2,459 industrials peers. Earnings per share growth 133.8% vs a peer median of 7.1% (stronger than 94% of peers).Earnings per share growth 133.8% vs peers 7.1% (stronger than 94% of peers).

How profitable is Mistras?

About as profitable as its peers. Profitability scores 55/100 against 2,459 industrials peers. Return on assets 4.6% vs a peer median of 3.1% (stronger than 65% of peers).Return on assets 4.6% vs peers 3.1% (stronger than 65% of peers).

How risky is Mistras?

Moderate risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Beta 0.91 vs a peer median of 0.64 (weaker than 69% of peers).Beta 0.91 vs peers 0.64 (weaker than 69% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

731.4M USD

739.2M USD

+1.1%

Net income (12 months)

22.4M USD

27.0M USD

+20.4%

Operating margin

6.3%

6.9%

+0.5 pts

Free cash flow (12 months)

4.1M USD

28.9M USD

+612.6%

Debt

181.4M USD

172.1M USD

−5.1%

Cash

25.0M USD

22.0M USD

−12.0%

Shares outstanding

31.8M

31.8M

+0.1%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

29.1%

28.8%

26.1%

26.3%

28.2%

▲ 1.9 pts

Operating margin

2.7%

2.9%

-0.3%

5.5%

5.6%

▲ 0.1 pts

Net margin

0.6%

0.9%

-2.5%

2.6%

2.3%

▼ 0.3 pts

Return on assets (ROA)

0.7%

1.2%

-3.3%

3.6%

2.9%

▼ 0.7 pts

Return on equity (ROE)

1.9%

3.3%

-9.2%

9.5%

7.2%

▼ 2.4 pts

Free cash flow margin

3.6%

2.0%

0.8%

4.4%

1.1%

▼ 3.3 pts

Current ratio

1.33×

1.62×

1.55×

1.50×

1.74×

▲ 16%

Quick ratio

1.22×

1.49×

1.42×

1.37×

1.63×

▲ 18%

Debt to equity

1.01×

0.96×

1.00×

0.85×

0.76×

▼ 11%

Interest coverage

1.67×

1.88×

-0.11×

2.33×

2.77×

▲ 19%