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Side-by-side financial comparison of INFINITY NATURAL RESOURCES, INC. (INR) 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 $115.5M, roughly 1.6× INFINITY NATURAL RESOURCES, INC.). INFINITY NATURAL RESOURCES, INC. runs the higher net margin — 17.3% vs 2.1%, a 15.3% gap on every dollar of revenue.

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.

INR vs MG — Head-to-Head

Bigger by revenue
MG
MG
1.6× larger
MG
$181.5M
$115.5M
INR
Higher net margin
INR
INR
15.3% more per $
INR
17.3%
2.1%
MG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
INR
INR
MG
MG
Revenue
$115.5M
$181.5M
Net Profit
$20.0M
$3.8M
Gross Margin
28.4%
Operating Margin
47.0%
7.0%
Net Margin
17.3%
2.1%
Revenue YoY
5.1%
Net Profit YoY
-27.4%
EPS (diluted)
$1.33
$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
INR
INR
MG
MG
Q4 25
$115.5M
$181.5M
Q3 25
$78.3M
$195.5M
Q2 25
$72.5M
$185.4M
Q1 25
$84.2M
$161.6M
Q4 24
$172.7M
Q3 24
$182.7M
Q2 24
$189.8M
Q1 24
$184.4M
Net Profit
INR
INR
MG
MG
Q4 25
$20.0M
$3.8M
Q3 25
$10.4M
$13.1M
Q2 25
$18.0M
$3.0M
Q1 25
$-34.6M
$-3.2M
Q4 24
$5.2M
Q3 24
$6.4M
Q2 24
$6.4M
Q1 24
$995.0K
Gross Margin
INR
INR
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
INR
INR
MG
MG
Q4 25
47.0%
7.0%
Q3 25
30.5%
10.4%
Q2 25
29.9%
4.5%
Q1 25
-104.5%
-0.6%
Q4 24
6.1%
Q3 24
6.5%
Q2 24
6.3%
Q1 24
3.0%
Net Margin
INR
INR
MG
MG
Q4 25
17.3%
2.1%
Q3 25
13.3%
6.7%
Q2 25
24.8%
1.6%
Q1 25
-41.1%
-2.0%
Q4 24
3.0%
Q3 24
3.5%
Q2 24
3.4%
Q1 24
0.5%
EPS (diluted)
INR
INR
MG
MG
Q4 25
$1.33
$0.12
Q3 25
$0.65
$0.41
Q2 25
$1.18
$0.10
Q1 25
$-2.27
$-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
INR
INR
MG
MG
Cash + ST InvestmentsLiquidity on hand
$2.8M
$28.0M
Total DebtLower is stronger
$55.0K
$178.0M
Stockholders' EquityBook value
$307.1M
$235.1M
Total Assets
$1.2B
$578.8M
Debt / EquityLower = less leverage
0.00×
0.76×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INR
INR
MG
MG
Q4 25
$2.8M
$28.0M
Q3 25
$4.6M
$27.8M
Q2 25
$6.3M
$20.0M
Q1 25
$4.9M
$18.5M
Q4 24
$18.3M
Q3 24
$20.4M
Q2 24
$17.2M
Q1 24
$16.9M
Total Debt
INR
INR
MG
MG
Q4 25
$55.0K
$178.0M
Q3 25
$202.3M
Q2 25
$189.4M
Q1 25
$123.0K
$171.9M
Q4 24
$169.6M
Q3 24
$189.7M
Q2 24
$199.7M
Q1 24
$198.4M
Stockholders' Equity
INR
INR
MG
MG
Q4 25
$307.1M
$235.1M
Q3 25
$288.6M
$227.4M
Q2 25
$10.1M
$215.8M
Q1 25
$-52.2M
$198.7M
Q4 24
$198.6M
Q3 24
$205.2M
Q2 24
$193.2M
Q1 24
$187.1M
Total Assets
INR
INR
MG
MG
Q4 25
$1.2B
$578.8M
Q3 25
$1.1B
$596.3M
Q2 25
$1.0B
$571.0M
Q1 25
$953.9M
$526.8M
Q4 24
$523.0M
Q3 24
$551.7M
Q2 24
$548.1M
Q1 24
$542.1M
Debt / Equity
INR
INR
MG
MG
Q4 25
0.00×
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
INR
INR
MG
MG
Operating Cash FlowLast quarter
$75.1M
$32.1M
Free Cash FlowOCF − Capex
$26.0M
FCF MarginFCF / Revenue
14.3%
Capex IntensityCapex / Revenue
3.4%
Cash ConversionOCF / Net Profit
3.75×
8.55×
TTM Free Cash FlowTrailing 4 quarters
$8.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INR
INR
MG
MG
Q4 25
$75.1M
$32.1M
Q3 25
$42.1M
$4.5M
Q2 25
$70.4M
$-9.3M
Q1 25
$74.2M
$5.6M
Q4 24
$25.7M
Q3 24
$19.4M
Q2 24
$4.5M
Q1 24
$604.0K
Free Cash Flow
INR
INR
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
INR
INR
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
INR
INR
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
INR
INR
MG
MG
Q4 25
3.75×
8.55×
Q3 25
4.04×
0.34×
Q2 25
3.91×
-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.

Revenue Breakdown by Segment

INR
INR

Oil Reserves$54.0M47%
Natural Gas Reserves$46.8M41%
Natural Gas Liquids Reserves$14.7M13%

MG
MG

Segment breakdown not available.

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