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Side-by-side financial comparison of Enact Holdings, Inc. (ACT) and Mistras Group, Inc. (MG). Click either name above to swap in a different company.

Enact Holdings, Inc. is the larger business by last-quarter revenue ($312.7M vs $181.5M, roughly 1.7× Mistras Group, Inc.). On growth, Mistras Group, Inc. posted the faster year-over-year revenue change (5.1% vs 3.6%). Over the past eight quarters, Enact Holdings, Inc.'s revenue compounded faster (3.6% CAGR vs -0.8%).

Enact Holdings, Inc. is a leading U.S.-based private mortgage insurance provider. It delivers risk mitigation solutions to residential mortgage lenders, banks, and credit unions, enabling borrowers with smaller down payments to access affordable home financing, and supports sustainable homeownership for diverse consumer groups across the United States.

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.

ACT vs MG — Head-to-Head

Bigger by revenue
ACT
ACT
1.7× larger
ACT
$312.7M
$181.5M
MG
Growing faster (revenue YoY)
MG
MG
+1.4% gap
MG
5.1%
3.6%
ACT
Faster 2-yr revenue CAGR
ACT
ACT
Annualised
ACT
3.6%
-0.8%
MG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ACT
ACT
MG
MG
Revenue
$312.7M
$181.5M
Net Profit
$3.8M
Gross Margin
28.4%
Operating Margin
71.3%
7.0%
Net Margin
2.1%
Revenue YoY
3.6%
5.1%
Net Profit YoY
-27.4%
EPS (diluted)
$1.23
$0.12

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ACT
ACT
MG
MG
Q4 25
$312.7M
$181.5M
Q3 25
$311.5M
$195.5M
Q2 25
$304.9M
$185.4M
Q1 25
$306.8M
$161.6M
Q4 24
$301.8M
$172.7M
Q3 24
$309.6M
$182.7M
Q2 24
$298.8M
$189.8M
Q1 24
$291.6M
$184.4M
Net Profit
ACT
ACT
MG
MG
Q4 25
$3.8M
Q3 25
$13.1M
Q2 25
$3.0M
Q1 25
$-3.2M
Q4 24
$5.2M
Q3 24
$6.4M
Q2 24
$6.4M
Q1 24
$995.0K
Gross Margin
ACT
ACT
MG
MG
Q4 25
28.4%
Q3 25
29.8%
Q2 25
29.1%
Q1 25
25.3%
Q4 24
26.5%
Q3 24
26.8%
Q2 24
27.1%
Q1 24
25.0%
Operating Margin
ACT
ACT
MG
MG
Q4 25
71.3%
7.0%
Q3 25
67.4%
10.4%
Q2 25
70.4%
4.5%
Q1 25
68.9%
-0.6%
Q4 24
68.9%
6.1%
Q3 24
74.1%
6.5%
Q2 24
78.6%
6.3%
Q1 24
70.6%
3.0%
Net Margin
ACT
ACT
MG
MG
Q4 25
2.1%
Q3 25
6.7%
Q2 25
1.6%
Q1 25
-2.0%
Q4 24
3.0%
Q3 24
3.5%
Q2 24
3.4%
Q1 24
0.5%
EPS (diluted)
ACT
ACT
MG
MG
Q4 25
$1.23
$0.12
Q3 25
$1.10
$0.41
Q2 25
$1.11
$0.10
Q1 25
$1.08
$-0.10
Q4 24
$1.05
$0.17
Q3 24
$1.15
$0.20
Q2 24
$1.16
$0.20
Q1 24
$1.01
$0.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ACT
ACT
MG
MG
Cash + ST InvestmentsLiquidity on hand
$582.5M
$28.0M
Total DebtLower is stronger
$744.5M
$178.0M
Stockholders' EquityBook value
$5.4B
$235.1M
Total Assets
$6.9B
$578.8M
Debt / EquityLower = less leverage
0.14×
0.76×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACT
ACT
MG
MG
Q4 25
$582.5M
$28.0M
Q3 25
$545.6M
$27.8M
Q2 25
$616.0M
$20.0M
Q1 25
$639.0M
$18.5M
Q4 24
$602.8M
$18.3M
Q3 24
$674.9M
$20.4M
Q2 24
$711.3M
$17.2M
Q1 24
$624.3M
$16.9M
Total Debt
ACT
ACT
MG
MG
Q4 25
$744.5M
$178.0M
Q3 25
$744.1M
$202.3M
Q2 25
$743.8M
$189.4M
Q1 25
$743.4M
$171.9M
Q4 24
$743.0M
$169.6M
Q3 24
$742.7M
$189.7M
Q2 24
$742.4M
$199.7M
Q1 24
$746.1M
$198.4M
Stockholders' Equity
ACT
ACT
MG
MG
Q4 25
$5.4B
$235.1M
Q3 25
$5.3B
$227.4M
Q2 25
$5.2B
$215.8M
Q1 25
$5.1B
$198.7M
Q4 24
$5.0B
$198.6M
Q3 24
$5.0B
$205.2M
Q2 24
$4.8B
$193.2M
Q1 24
$4.7B
$187.1M
Total Assets
ACT
ACT
MG
MG
Q4 25
$6.9B
$578.8M
Q3 25
$6.9B
$596.3M
Q2 25
$6.8B
$571.0M
Q1 25
$6.7B
$526.8M
Q4 24
$6.5B
$523.0M
Q3 24
$6.6B
$551.7M
Q2 24
$6.3B
$548.1M
Q1 24
$6.3B
$542.1M
Debt / Equity
ACT
ACT
MG
MG
Q4 25
0.14×
0.76×
Q3 25
0.14×
0.89×
Q2 25
0.14×
0.88×
Q1 25
0.15×
0.87×
Q4 24
0.15×
0.85×
Q3 24
0.15×
0.92×
Q2 24
0.15×
1.03×
Q1 24
0.16×
1.06×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ACT
ACT
MG
MG
Operating Cash FlowLast quarter
$724.5M
$32.1M
Free Cash FlowOCF − Capex
$26.0M
FCF MarginFCF / Revenue
14.3%
Capex IntensityCapex / Revenue
3.4%
Cash ConversionOCF / Net Profit
8.55×
TTM Free Cash FlowTrailing 4 quarters
$8.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACT
ACT
MG
MG
Q4 25
$724.5M
$32.1M
Q3 25
$192.0M
$4.5M
Q2 25
$119.5M
$-9.3M
Q1 25
$226.7M
$5.6M
Q4 24
$686.3M
$25.7M
Q3 24
$188.1M
$19.4M
Q2 24
$144.7M
$4.5M
Q1 24
$187.3M
$604.0K
Free Cash Flow
ACT
ACT
MG
MG
Q4 25
$26.0M
Q3 25
$-4.1M
Q2 25
$-14.7M
Q1 25
$1.1M
Q4 24
$22.1M
Q3 24
$14.6M
Q2 24
$-284.0K
Q1 24
$-4.2M
FCF Margin
ACT
ACT
MG
MG
Q4 25
14.3%
Q3 25
-2.1%
Q2 25
-7.9%
Q1 25
0.7%
Q4 24
12.8%
Q3 24
8.0%
Q2 24
-0.1%
Q1 24
-2.3%
Capex Intensity
ACT
ACT
MG
MG
Q4 25
3.4%
Q3 25
4.4%
Q2 25
2.9%
Q1 25
2.8%
Q4 24
2.1%
Q3 24
2.6%
Q2 24
2.5%
Q1 24
2.6%
Cash Conversion
ACT
ACT
MG
MG
Q4 25
8.55×
Q3 25
0.34×
Q2 25
-3.07×
Q1 25
Q4 24
4.96×
Q3 24
3.02×
Q2 24
0.71×
Q1 24
0.61×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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