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Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) 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 $104.1M, roughly 1.7× GRID DYNAMICS HOLDINGS, INC.). Mistras Group, Inc. runs the higher net margin — 2.1% vs -1.4%, a 3.5% gap on every dollar of revenue. On growth, Mistras Group, Inc. posted the faster year-over-year revenue change (5.1% vs 3.7%). Over the past eight quarters, GRID DYNAMICS HOLDINGS, INC.'s revenue compounded faster (12.0% CAGR vs -0.8%).
Escape Dynamics, Inc. was a Colorado-based technology company that operated 2010–2015 focused on bringing to market single-stage-to-orbit reusable electromagnetically powered spaceplanes.
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.
GDYN vs MG — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $104.1M | $181.5M |
| Net Profit | $-1.5M | $3.8M |
| Gross Margin | 34.8% | 28.4% |
| Operating Margin | 61.7% | 7.0% |
| Net Margin | -1.4% | 2.1% |
| Revenue YoY | 3.7% | 5.1% |
| Net Profit YoY | -150.6% | -27.4% |
| EPS (diluted) | $-0.02 | $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.
| Q1 26 | $104.1M | — | ||
| Q4 25 | $106.2M | $181.5M | ||
| Q3 25 | $104.2M | $195.5M | ||
| Q2 25 | $101.1M | $185.4M | ||
| Q1 25 | $100.4M | $161.6M | ||
| Q4 24 | $100.3M | $172.7M | ||
| Q3 24 | $87.4M | $182.7M | ||
| Q2 24 | $83.0M | $189.8M |
| Q1 26 | $-1.5M | — | ||
| Q4 25 | $306.0K | $3.8M | ||
| Q3 25 | $1.2M | $13.1M | ||
| Q2 25 | $5.3M | $3.0M | ||
| Q1 25 | $2.9M | $-3.2M | ||
| Q4 24 | $4.5M | $5.2M | ||
| Q3 24 | $4.3M | $6.4M | ||
| Q2 24 | $-817.0K | $6.4M |
| Q1 26 | 34.8% | — | ||
| Q4 25 | 34.0% | 28.4% | ||
| Q3 25 | 33.3% | 29.8% | ||
| Q2 25 | 34.1% | 29.1% | ||
| Q1 25 | 36.8% | 25.3% | ||
| Q4 24 | 36.9% | 26.5% | ||
| Q3 24 | 37.4% | 26.8% | ||
| Q2 24 | 35.6% | 27.1% |
| Q1 26 | 61.7% | — | ||
| Q4 25 | 0.5% | 7.0% | ||
| Q3 25 | -0.2% | 10.4% | ||
| Q2 25 | -0.1% | 4.5% | ||
| Q1 25 | -2.0% | -0.6% | ||
| Q4 24 | 1.3% | 6.1% | ||
| Q3 24 | 2.4% | 6.5% | ||
| Q2 24 | 0.0% | 6.3% |
| Q1 26 | -1.4% | — | ||
| Q4 25 | 0.3% | 2.1% | ||
| Q3 25 | 1.1% | 6.7% | ||
| Q2 25 | 5.2% | 1.6% | ||
| Q1 25 | 2.9% | -2.0% | ||
| Q4 24 | 4.5% | 3.0% | ||
| Q3 24 | 4.9% | 3.5% | ||
| Q2 24 | -1.0% | 3.4% |
| Q1 26 | $-0.02 | — | ||
| Q4 25 | $0.01 | $0.12 | ||
| Q3 25 | $0.01 | $0.41 | ||
| Q2 25 | $0.06 | $0.10 | ||
| Q1 25 | $0.03 | $-0.10 | ||
| Q4 24 | $0.06 | $0.17 | ||
| Q3 24 | $0.05 | $0.20 | ||
| Q2 24 | $-0.01 | $0.20 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $327.5M | $28.0M |
| Total DebtLower is stronger | — | $178.0M |
| Stockholders' EquityBook value | $530.1M | $235.1M |
| Total Assets | $605.0M | $578.8M |
| Debt / EquityLower = less leverage | — | 0.76× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $327.5M | — | ||
| Q4 25 | $342.1M | $28.0M | ||
| Q3 25 | $338.6M | $27.8M | ||
| Q2 25 | $336.8M | $20.0M | ||
| Q1 25 | $325.5M | $18.5M | ||
| Q4 24 | $334.7M | $18.3M | ||
| Q3 24 | $231.3M | $20.4M | ||
| Q2 24 | $256.0M | $17.2M |
| Q1 26 | — | — | ||
| 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 26 | $530.1M | — | ||
| Q4 25 | $542.1M | $235.1M | ||
| Q3 25 | $537.7M | $227.4M | ||
| Q2 25 | $532.2M | $215.8M | ||
| Q1 25 | $517.4M | $198.7M | ||
| Q4 24 | $517.8M | $198.6M | ||
| Q3 24 | $400.2M | $205.2M | ||
| Q2 24 | $388.4M | $193.2M |
| Q1 26 | $605.0M | — | ||
| Q4 25 | $612.9M | $578.8M | ||
| Q3 25 | $613.2M | $596.3M | ||
| Q2 25 | $608.9M | $571.0M | ||
| Q1 25 | $590.9M | $526.8M | ||
| Q4 24 | $592.2M | $523.0M | ||
| Q3 24 | $477.3M | $551.7M | ||
| Q2 24 | $443.6M | $548.1M |
| Q1 26 | — | — | ||
| 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× |
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 | — | $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.
| Q1 26 | — | — | ||
| Q4 25 | $9.9M | $32.1M | ||
| Q3 25 | $7.0M | $4.5M | ||
| Q2 25 | $14.4M | $-9.3M | ||
| Q1 25 | $9.4M | $5.6M | ||
| Q4 24 | $7.1M | $25.7M | ||
| Q3 24 | $9.2M | $19.4M | ||
| Q2 24 | $10.7M | $4.5M |
| Q1 26 | — | — | ||
| Q4 25 | $6.1M | $26.0M | ||
| Q3 25 | $2.9M | $-4.1M | ||
| Q2 25 | $10.2M | $-14.7M | ||
| Q1 25 | $6.0M | $1.1M | ||
| Q4 24 | $4.4M | $22.1M | ||
| Q3 24 | $5.9M | $14.6M | ||
| Q2 24 | $8.0M | $-284.0K |
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | 14.3% | ||
| Q3 25 | 2.8% | -2.1% | ||
| Q2 25 | 10.1% | -7.9% | ||
| Q1 25 | 6.0% | 0.7% | ||
| Q4 24 | 4.4% | 12.8% | ||
| Q3 24 | 6.8% | 8.0% | ||
| Q2 24 | 9.7% | -0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 3.6% | 3.4% | ||
| Q3 25 | 3.9% | 4.4% | ||
| Q2 25 | 4.1% | 2.9% | ||
| Q1 25 | 3.3% | 2.8% | ||
| Q4 24 | 2.6% | 2.1% | ||
| Q3 24 | 3.7% | 2.6% | ||
| Q2 24 | 3.2% | 2.5% |
| Q1 26 | — | — | ||
| Q4 25 | 32.34× | 8.55× | ||
| Q3 25 | 5.92× | 0.34× | ||
| Q2 25 | 2.73× | -3.07× | ||
| Q1 25 | 3.21× | — | ||
| Q4 24 | 1.56× | 4.96× | ||
| Q3 24 | 2.15× | 3.02× | ||
| Q2 24 | — | 0.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
