Mistras Group, Inc.MGEarnings & Financial Report
Mistras Group, Inc. is a global provider of asset integrity and protection solutions, offering non-destructive testing, inspection, real-time monitoring, and engineering consulting services. Its key client segments include oil and gas, aerospace, power generation, and manufacturing industries, with operations spanning North America, Europe, and Asia-Pacific, helping clients enhance operational safety, extend asset lifespans, and minimize unplanned downtime.
Revenue
$161.6M
Gross Profit
$40.9M
Operating Profit
$-1.0M
Net Profit
$-3.2M
Gross Margin
25.3%
Operating Margin
-0.6%
Net Margin
-2.0%
YoY Growth
-12.4%
EPS
$-0.10
Mistras Group, Inc. Q1 FY2025 Financial Summary
Mistras Group, Inc. reported revenue of $161.6M (down 12.4% YoY) for Q1 FY2025, with a net profit of $-3.2M (down 420.2% YoY) (-2.0% margin). Cost of goods sold was $120.7M, operating expenses totaled $41.9M.
Key Financial Metrics
| Total Revenue | $161.6M |
|---|---|
| Net Profit | $-3.2M |
| Gross Margin | 25.3% |
| Operating Margin | -0.6% |
| Report Period | Q1 FY2025 |
Revenue Breakdown
Mistras Group, Inc. Q1 FY2025 revenue of $161.6M breaks down across 8 segments, led by Oil Gas at $85.7M (53.0% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Oil Gas | $85.7M | 53.0% |
| Other | $35.2M | 21.8% |
| Aerospaceand Defense | $14.0M | 8.7% |
| Industrials | $11.7M | 7.2% |
| Other Process Industries | $6.5M | 4.0% |
| Infrastructure Researchand Engineering | $3.7M | 2.3% |
| Power Generationand Transmission | $3.2M | 2.0% |
| Other Productsand Services | $1.5M | 0.9% |
Mistras Group, Inc. Revenue by Segment — Quarterly Trend
Mistras Group, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Oil Gas and Other) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Oil Gas | — | $97.5M | $92.6M | $85.7M |
| Other | — | $39.3M | $40.5M | $35.2M |
| Aerospaceand Defense | — | $17.7M | $16.8M | $14.0M |
| Industrials | — | $15.5M | $11.6M | $11.7M |
| Other Process Industries | — | — | $5.9M | $6.5M |
Mistras Group, Inc. Annual Revenue by Year
Mistras Group, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $724.0M).
| Year | Annual Revenue |
|---|---|
| 2025 | $724.0M |
| 2024 | $729.6M |
| 2023 | $705.5M |
| 2022 | $687.4M |
Mistras Group, Inc. Quarterly Revenue & Net Profit History
Mistras Group, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $181.5M | +5.1% | $3.8M | 2.1% |
| Q3 FY2025 | $195.5M | +7.0% | $13.1M | 6.7% |
| Q2 FY2025 | $185.4M | -2.3% | $3.0M | 1.6% |
| Q1 FY2025 | $161.6M | -12.4% | $-3.2M | -2.0% |
| Q4 FY2024 | $172.7M | -5.1% | $5.2M | 3.0% |
| Q3 FY2024 | $182.7M | +1.9% | $6.4M | 3.5% |
| Q2 FY2024 | $189.8M | +7.8% | $6.4M | 3.4% |
| Q1 FY2024 | $184.4M | +9.8% | $995.0K | 0.5% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $184.4M | $189.8M | $182.7M | $172.7M | $161.6M | $185.4M | $195.5M | $181.5M |
| YoY Growth | 9.8% | 7.8% | 1.9% | -5.1% | -12.4% | -2.3% | 7.0% | 5.1% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $542.1M | $548.1M | $551.7M | $523.0M | $526.8M | $571.0M | $596.3M | $578.8M |
| Liabilities | $354.7M | $354.7M | $346.1M | $324.1M | $327.8M | $354.9M | $368.4M | $343.1M |
| Equity | $187.1M | $193.2M | $205.2M | $198.6M | $198.7M | $215.8M | $227.4M | $235.1M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $604000 | $4.5M | $19.4M | $25.7M | $5.6M | $-9.3M | $4.5M | $32.1M |