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MG Financials Mistras Group, Inc.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 4.1% per year over the past 5 years.
  • Operating margin has expanded, at 5.6% in the latest year.
  • Free cash flow has declined 30.8% per year over the past 5 years.

Financial health

  • Total debt ($178M) exceeds cash ($28M); net debt is $150M.
  • Total debt has grown slower than revenue (-4.2% vs 4.1% per year).
  • Operating income covered interest expense 2.8× in the latest year.
  • Total debt is 2.5× EBITDA.
Revenue & net income
-$99M $325M $749M $0 2012 2014 2016 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-17% 7% 30% 0% 2012 2014 2016 2017 2019 2021 2023 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-50% -20% 11% 0% 2012 2014 2016 2017 2019 2021 2023 2025
ROEROA
Free cash flow (CFO − capex)
$0 $27M $53M 2012 2014 2016 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $145M $291M 2012 2014 2016 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$155M -$21M $114M $0 2012 2014 2016 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 $724M $17M 28.2% 5.6% 7.2% 2.9% $8M $178M $28M
2024 $730M $19M 26.3% 5.5% 9.5% 3.6% $32M $170M $18M
2023 $705M -$17M 26.1% -0.3% -9.2% -3.3% $6M $190M $18M
2022 $687M $6M 28.8% 2.9% 3.3% 1.2% $14M $191M $20M
2021 $677M $4M 29.1% 2.7% 1.9% 0.7% $24M $203M $24M
2020 $593M -$99M 30.1% -17.1% -50.5% -17.1% $52M $220M $26M
2019 $749M $6M 29.0% 3.2% 2.1% 0.8% $37M $255M $15M
2018 $742M $7M 28.0% 3.0% 2.5% 1.0% $21M $291M $26M
2017 $701M -$2M 26.8% 0.6% -0.8% -0.4% $36M $167M $28M
2016 $685M $14M 28.4% 3.7% 5.3% 3.1% $87M $19M
2016 $719M $25M 28.2% 6.0% 8.9% 5.1% $53M $85M $21M
2015 $16M 6.6% 3.4% $113M $11M
2014 $23M 9.3% 5.1% $77M $10M
2013 $12M 5.5% 3.1% $60M $8M
2012 $21M 11.1% 6.5% $40M $8M

Valuation over time

How the market has priced MG against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 19.8 39.7 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 0.4 0.8 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S

Frequently asked questions

Is MG growing its revenue and profit?

Over the past 5 years, Mistras Group, Inc.'s revenue has grown 4.1% per year. These are computed facts, not advice.

How much debt does MG have?

As of FY2025, Mistras Group, Inc. reported $178M of total debt against $28M of cash; operating income covered interest expense 2.8×.

What is MG's profit margin?

In FY2025, gross margin was 28.2%, operating margin 5.6%, and net margin 2.3%.

What is MG's P/E ratio?

As of Sep '26, Mistras Group, Inc. traded at a price-to-earnings ratio of about 36.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.