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Side-by-side financial comparison of DONEGAL GROUP INC (DGICA) and Mistras Group, Inc. (MG). Click either name above to swap in a different company.
DONEGAL GROUP INC is the larger business by last-quarter revenue ($239.8M vs $181.5M, roughly 1.3× Mistras Group, Inc.). DONEGAL GROUP INC runs the higher net margin — 7.2% vs 2.1%, a 5.1% gap on every dollar of revenue. On growth, Mistras Group, Inc. posted the faster year-over-year revenue change (5.1% vs -4.1%). Over the past eight quarters, DONEGAL GROUP INC's revenue compounded faster (-0.3% CAGR vs -0.8%).
Donegal Group Inc. is a regional US insurance holding company offering personal and commercial property and casualty insurance products. It serves Mid-Atlantic, Midwest, and Southern US customers, delivering tailored coverage for individuals, families, and small to medium businesses.
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.
DGICA vs MG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $239.8M | $181.5M |
| Net Profit | $17.2M | $3.8M |
| Gross Margin | — | 28.4% |
| Operating Margin | 8.7% | 7.0% |
| Net Margin | 7.2% | 2.1% |
| Revenue YoY | -4.1% | 5.1% |
| Net Profit YoY | -28.4% | -27.4% |
| EPS (diluted) | — | $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 | $239.8M | $181.5M | ||
| Q3 25 | $245.9M | $195.5M | ||
| Q2 25 | $247.1M | $185.4M | ||
| Q1 25 | $245.2M | $161.6M | ||
| Q4 24 | $250.0M | $172.7M | ||
| Q3 24 | $251.7M | $182.7M | ||
| Q2 24 | $246.8M | $189.8M | ||
| Q1 24 | $241.1M | $184.4M |
| Q4 25 | $17.2M | $3.8M | ||
| Q3 25 | $20.1M | $13.1M | ||
| Q2 25 | $16.9M | $3.0M | ||
| Q1 25 | $25.2M | $-3.2M | ||
| Q4 24 | $24.0M | $5.2M | ||
| Q3 24 | $16.8M | $6.4M | ||
| Q2 24 | $4.2M | $6.4M | ||
| Q1 24 | $6.0M | $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 | 8.7% | 7.0% | ||
| Q3 25 | 10.2% | 10.4% | ||
| Q2 25 | 8.3% | 4.5% | ||
| Q1 25 | 12.7% | -0.6% | ||
| Q4 24 | 11.9% | 6.1% | ||
| Q3 24 | 8.1% | 6.5% | ||
| Q2 24 | 2.0% | 6.3% | ||
| Q1 24 | 3.0% | 3.0% |
| Q4 25 | 7.2% | 2.1% | ||
| Q3 25 | 8.2% | 6.7% | ||
| Q2 25 | 6.8% | 1.6% | ||
| Q1 25 | 10.3% | -2.0% | ||
| Q4 24 | 9.6% | 3.0% | ||
| Q3 24 | 6.7% | 3.5% | ||
| Q2 24 | 1.7% | 3.4% | ||
| Q1 24 | 2.5% | 0.5% |
| Q4 25 | — | $0.12 | ||
| Q3 25 | — | $0.41 | ||
| Q2 25 | — | $0.10 | ||
| Q1 25 | — | $-0.10 | ||
| Q4 24 | — | $0.17 | ||
| Q3 24 | — | $0.20 | ||
| Q2 24 | — | $0.20 | ||
| Q1 24 | — | $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 | — | $28.0M |
| Total DebtLower is stronger | — | $178.0M |
| Stockholders' EquityBook value | $640.4M | $235.1M |
| Total Assets | $2.4B | $578.8M |
| Debt / EquityLower = less leverage | — | 0.76× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $28.0M | ||
| Q3 25 | — | $27.8M | ||
| Q2 25 | — | $20.0M | ||
| Q1 25 | — | $18.5M | ||
| Q4 24 | — | $18.3M | ||
| Q3 24 | — | $20.4M | ||
| Q2 24 | — | $17.2M | ||
| Q1 24 | — | $16.9M |
| Q4 25 | — | $178.0M | ||
| Q3 25 | — | $202.3M | ||
| Q2 25 | — | $189.4M | ||
| Q1 25 | — | $171.9M | ||
| Q4 24 | — | $169.6M | ||
| Q3 24 | — | $189.7M | ||
| Q2 24 | — | $199.7M | ||
| Q1 24 | — | $198.4M |
| Q4 25 | $640.4M | $235.1M | ||
| Q3 25 | $627.4M | $227.4M | ||
| Q2 25 | $605.7M | $215.8M | ||
| Q1 25 | $584.7M | $198.7M | ||
| Q4 24 | $545.8M | $198.6M | ||
| Q3 24 | $513.4M | $205.2M | ||
| Q2 24 | $484.1M | $193.2M | ||
| Q1 24 | $485.1M | $187.1M |
| Q4 25 | $2.4B | $578.8M | ||
| Q3 25 | $2.4B | $596.3M | ||
| Q2 25 | $2.4B | $571.0M | ||
| Q1 25 | $2.4B | $526.8M | ||
| Q4 24 | $2.3B | $523.0M | ||
| Q3 24 | $2.3B | $551.7M | ||
| Q2 24 | $2.3B | $548.1M | ||
| Q1 24 | $2.3B | $542.1M |
| Q4 25 | — | 0.76× | ||
| Q3 25 | — | 0.89× | ||
| Q2 25 | — | 0.88× | ||
| Q1 25 | — | 0.87× | ||
| Q4 24 | — | 0.85× | ||
| Q3 24 | — | 0.92× | ||
| Q2 24 | — | 1.03× | ||
| Q1 24 | — | 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 | $70.2M | $32.1M |
| Free Cash FlowOCF − Capex | — | $26.0M |
| FCF MarginFCF / Revenue | — | 14.3% |
| Capex IntensityCapex / Revenue | — | 3.4% |
| Cash ConversionOCF / Net Profit | 4.08× | 8.55× |
| TTM Free Cash FlowTrailing 4 quarters | — | $8.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $70.2M | $32.1M | ||
| Q3 25 | $22.4M | $4.5M | ||
| Q2 25 | $12.1M | $-9.3M | ||
| Q1 25 | $25.7M | $5.6M | ||
| Q4 24 | $67.4M | $25.7M | ||
| Q3 24 | $12.7M | $19.4M | ||
| Q2 24 | $21.7M | $4.5M | ||
| Q1 24 | $4.8M | $604.0K |
| 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 |
| 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% |
| 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% |
| Q4 25 | 4.08× | 8.55× | ||
| Q3 25 | 1.11× | 0.34× | ||
| Q2 25 | 0.72× | -3.07× | ||
| Q1 25 | 1.02× | — | ||
| Q4 24 | 2.81× | 4.96× | ||
| Q3 24 | 0.76× | 3.02× | ||
| Q2 24 | 5.22× | 0.71× | ||
| Q1 24 | 0.81× | 0.61× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DGICA
| Commercial Lines Segment | $140.8M | 59% |
| Personal Lines Segment | $86.0M | 36% |
| Investments Function Segment | $12.4M | 5% |
MG
Segment breakdown not available.
