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Side-by-side financial comparison of Bitcoin Depot Inc. (BTM) and Mistras Group, Inc. (MG). Click either name above to swap in a different company.
Mistras Group, Inc. is the larger business by last-quarter revenue ($181.5M vs $162.5M, roughly 1.1× Bitcoin Depot Inc.). Bitcoin Depot Inc. runs the higher net margin — 3.4% vs 2.1%, a 1.3% gap on every dollar of revenue. On growth, Bitcoin Depot Inc. posted the faster year-over-year revenue change (20.1% vs 5.1%). Mistras Group, Inc. produced more free cash flow last quarter ($26.0M vs $2.5M). Over the past eight quarters, Mistras Group, Inc.'s revenue compounded faster (-0.8% CAGR vs -4.9%).
Bitcoin Depot Inc. is one of the largest cryptocurrency ATM operators across North America. It provides retail consumers with accessible in-person kiosks to buy and sell Bitcoin and other leading digital assets, alongside online crypto purchase services via bank transfer. Its self-service kiosks are located in high-traffic retail spaces including grocery stores, gas stations and convenience stores.
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.
BTM vs MG — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $162.5M | $181.5M |
| Net Profit | $5.5M | $3.8M |
| Gross Margin | — | 28.4% |
| Operating Margin | 7.3% | 7.0% |
| Net Margin | 3.4% | 2.1% |
| Revenue YoY | 20.1% | 5.1% |
| Net Profit YoY | 690.4% | -27.4% |
| EPS (diluted) | $0.08 | $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.
| Q4 25 | — | $181.5M | ||
| Q3 25 | $162.5M | $195.5M | ||
| Q2 25 | $172.1M | $185.4M | ||
| Q1 25 | $164.2M | $161.6M | ||
| Q4 24 | — | $172.7M | ||
| Q3 24 | $135.3M | $182.7M | ||
| Q2 24 | $163.1M | $189.8M | ||
| Q1 24 | $138.5M | $184.4M |
| Q4 25 | — | $3.8M | ||
| Q3 25 | $5.5M | $13.1M | ||
| Q2 25 | $6.1M | $3.0M | ||
| Q1 25 | $4.2M | $-3.2M | ||
| Q4 24 | — | $5.2M | ||
| Q3 24 | $-939.0K | $6.4M | ||
| Q2 24 | $-2.6M | $6.4M | ||
| Q1 24 | $-1.5M | $995.0K |
| 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% |
| Q4 25 | — | 7.0% | ||
| Q3 25 | 7.3% | 10.4% | ||
| Q2 25 | 9.2% | 4.5% | ||
| Q1 25 | 10.8% | -0.6% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | 4.1% | 6.5% | ||
| Q2 24 | 4.7% | 6.3% | ||
| Q1 24 | 0.5% | 3.0% |
| Q4 25 | — | 2.1% | ||
| Q3 25 | 3.4% | 6.7% | ||
| Q2 25 | 3.5% | 1.6% | ||
| Q1 25 | 2.6% | -2.0% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | -0.7% | 3.5% | ||
| Q2 24 | -1.6% | 3.4% | ||
| Q1 24 | -1.1% | 0.5% |
| Q4 25 | — | $0.12 | ||
| Q3 25 | $0.08 | $0.41 | ||
| Q2 25 | $0.16 | $0.10 | ||
| Q1 25 | $0.20 | $-0.10 | ||
| Q4 24 | — | $0.17 | ||
| Q3 24 | $-0.05 | $0.20 | ||
| Q2 24 | $-0.13 | $0.20 | ||
| Q1 24 | $-0.25 | $0.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $59.3M | $28.0M |
| Total DebtLower is stronger | $67.5M | $178.0M |
| Stockholders' EquityBook value | $21.0M | $235.1M |
| Total Assets | $125.3M | $578.8M |
| Debt / EquityLower = less leverage | 3.21× | 0.76× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $28.0M | ||
| Q3 25 | $59.3M | $27.8M | ||
| Q2 25 | $48.0M | $20.0M | ||
| Q1 25 | $35.0M | $18.5M | ||
| Q4 24 | — | $18.3M | ||
| Q3 24 | $32.2M | $20.4M | ||
| Q2 24 | $43.9M | $17.2M | ||
| Q1 24 | $42.2M | $16.9M |
| Q4 25 | — | $178.0M | ||
| Q3 25 | $67.5M | $202.3M | ||
| Q2 25 | $66.5M | $189.4M | ||
| Q1 25 | $56.2M | $171.9M | ||
| Q4 24 | — | $169.6M | ||
| Q3 24 | $44.5M | $189.7M | ||
| Q2 24 | $41.2M | $199.7M | ||
| Q1 24 | $37.6M | $198.4M |
| Q4 25 | — | $235.1M | ||
| Q3 25 | $21.0M | $227.4M | ||
| Q2 25 | $4.7M | $215.8M | ||
| Q1 25 | $-4.6M | $198.7M | ||
| Q4 24 | — | $198.6M | ||
| Q3 24 | $-7.9M | $205.2M | ||
| Q2 24 | $4.4M | $193.2M | ||
| Q1 24 | $5.0M | $187.1M |
| Q4 25 | — | $578.8M | ||
| Q3 25 | $125.3M | $596.3M | ||
| Q2 25 | $109.1M | $571.0M | ||
| Q1 25 | $89.7M | $526.8M | ||
| Q4 24 | — | $523.0M | ||
| Q3 24 | $87.4M | $551.7M | ||
| Q2 24 | $97.5M | $548.1M | ||
| Q1 24 | $90.1M | $542.1M |
| Q4 25 | — | 0.76× | ||
| Q3 25 | 3.21× | 0.89× | ||
| Q2 25 | 14.18× | 0.88× | ||
| Q1 25 | — | 0.87× | ||
| Q4 24 | — | 0.85× | ||
| Q3 24 | — | 0.92× | ||
| Q2 24 | 9.27× | 1.03× | ||
| Q1 24 | 7.54× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $6.6M | $32.1M |
| Free Cash FlowOCF − Capex | $2.5M | $26.0M |
| FCF MarginFCF / Revenue | 1.6% | 14.3% |
| Capex IntensityCapex / Revenue | 2.5% | 3.4% |
| Cash ConversionOCF / Net Profit | 1.20× | 8.55× |
| TTM Free Cash FlowTrailing 4 quarters | $27.1M | $8.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $32.1M | ||
| Q3 25 | $6.6M | $4.5M | ||
| Q2 25 | $10.2M | $-9.3M | ||
| Q1 25 | $16.3M | $5.6M | ||
| Q4 24 | — | $25.7M | ||
| Q3 24 | $5.8M | $19.4M | ||
| Q2 24 | $10.1M | $4.5M | ||
| Q1 24 | $1.3M | $604.0K |
| Q4 25 | — | $26.0M | ||
| Q3 25 | $2.5M | $-4.1M | ||
| Q2 25 | $9.8M | $-14.7M | ||
| Q1 25 | $15.9M | $1.1M | ||
| Q4 24 | — | $22.1M | ||
| Q3 24 | $-1.0M | $14.6M | ||
| Q2 24 | $7.6M | $-284.0K | ||
| Q1 24 | $789.0K | $-4.2M |
| Q4 25 | — | 14.3% | ||
| Q3 25 | 1.6% | -2.1% | ||
| Q2 25 | 5.7% | -7.9% | ||
| Q1 25 | 9.7% | 0.7% | ||
| Q4 24 | — | 12.8% | ||
| Q3 24 | -0.8% | 8.0% | ||
| Q2 24 | 4.7% | -0.1% | ||
| Q1 24 | 0.6% | -2.3% |
| Q4 25 | — | 3.4% | ||
| Q3 25 | 2.5% | 4.4% | ||
| Q2 25 | 0.2% | 2.9% | ||
| Q1 25 | 0.2% | 2.8% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | 5.0% | 2.6% | ||
| Q2 24 | 1.5% | 2.5% | ||
| Q1 24 | 0.4% | 2.6% |
| Q4 25 | — | 8.55× | ||
| Q3 25 | 1.20× | 0.34× | ||
| Q2 25 | 1.67× | -3.07× | ||
| Q1 25 | 3.88× | — | ||
| 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.
