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Side-by-side financial comparison of Mistras Group, Inc. (MG) and Metallus Inc. (MTUS). Click either name above to swap in a different company.
Metallus Inc. is the larger business by last-quarter revenue ($267.3M vs $181.5M, roughly 1.5× Mistras Group, Inc.). Mistras Group, Inc. runs the higher net margin — 2.1% vs -5.3%, a 7.4% gap on every dollar of revenue. On growth, Metallus Inc. posted the faster year-over-year revenue change (11.1% vs 5.1%). Mistras Group, Inc. produced more free cash flow last quarter ($26.0M vs $-37.2M). Over the past eight quarters, Mistras Group, Inc.'s revenue compounded faster (-0.8% CAGR vs -8.8%).
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.
MG vs MTUS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $181.5M | $267.3M |
| Net Profit | $3.8M | $-14.3M |
| Gross Margin | 28.4% | 2.2% |
| Operating Margin | 7.0% | -7.7% |
| Net Margin | 2.1% | -5.3% |
| Revenue YoY | 5.1% | 11.1% |
| Net Profit YoY | -27.4% | 33.2% |
| EPS (diluted) | $0.12 | $-0.34 |
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 | $267.3M | ||
| Q3 25 | $195.5M | $305.9M | ||
| Q2 25 | $185.4M | $304.6M | ||
| Q1 25 | $161.6M | $280.5M | ||
| Q4 24 | $172.7M | $240.5M | ||
| Q3 24 | $182.7M | $227.2M | ||
| Q2 24 | $189.8M | $294.7M | ||
| Q1 24 | $184.4M | $321.6M |
| Q4 25 | $3.8M | $-14.3M | ||
| Q3 25 | $13.1M | $8.1M | ||
| Q2 25 | $3.0M | $3.7M | ||
| Q1 25 | $-3.2M | $1.3M | ||
| Q4 24 | $5.2M | $-21.4M | ||
| Q3 24 | $6.4M | $-5.9M | ||
| Q2 24 | $6.4M | $4.6M | ||
| Q1 24 | $995.0K | $24.0M |
| Q4 25 | 28.4% | 2.2% | ||
| Q3 25 | 29.8% | 11.4% | ||
| Q2 25 | 29.1% | 10.6% | ||
| Q1 25 | 25.3% | 7.8% | ||
| Q4 24 | 26.5% | 4.5% | ||
| Q3 24 | 26.8% | 5.3% | ||
| Q2 24 | 27.1% | 8.2% | ||
| Q1 24 | 25.0% | 15.7% |
| Q4 25 | 7.0% | -7.7% | ||
| Q3 25 | 10.4% | 3.6% | ||
| Q2 25 | 4.5% | 2.8% | ||
| Q1 25 | -0.6% | 1.0% | ||
| Q4 24 | 6.1% | -10.1% | ||
| Q3 24 | 6.5% | -3.1% | ||
| Q2 24 | 6.3% | 2.1% | ||
| Q1 24 | 3.0% | 9.3% |
| Q4 25 | 2.1% | -5.3% | ||
| Q3 25 | 6.7% | 2.6% | ||
| Q2 25 | 1.6% | 1.2% | ||
| Q1 25 | -2.0% | 0.5% | ||
| Q4 24 | 3.0% | -8.9% | ||
| Q3 24 | 3.5% | -2.6% | ||
| Q2 24 | 3.4% | 1.6% | ||
| Q1 24 | 0.5% | 7.5% |
| Q4 25 | $0.12 | $-0.34 | ||
| Q3 25 | $0.41 | $0.19 | ||
| Q2 25 | $0.10 | $0.09 | ||
| Q1 25 | $-0.10 | $0.03 | ||
| Q4 24 | $0.17 | $-0.46 | ||
| Q3 24 | $0.20 | $-0.13 | ||
| Q2 24 | $0.20 | $0.10 | ||
| Q1 24 | $0.03 | $0.52 |
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 | $156.7M |
| Total DebtLower is stronger | $178.0M | — |
| Stockholders' EquityBook value | $235.1M | $686.0M |
| Total Assets | $578.8M | $1.1B |
| Debt / EquityLower = less leverage | 0.76× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.0M | $156.7M | ||
| Q3 25 | $27.8M | $191.5M | ||
| Q2 25 | $20.0M | $190.8M | ||
| Q1 25 | $18.5M | $180.3M | ||
| Q4 24 | $18.3M | $240.7M | ||
| Q3 24 | $20.4M | $254.6M | ||
| Q2 24 | $17.2M | $272.8M | ||
| Q1 24 | $16.9M | $278.1M |
| Q4 25 | $178.0M | — | ||
| Q3 25 | $202.3M | $0 | ||
| Q2 25 | $189.4M | $0 | ||
| Q1 25 | $171.9M | $5.4M | ||
| Q4 24 | $169.6M | $5.4M | ||
| Q3 24 | $189.7M | $13.2M | ||
| Q2 24 | $199.7M | $13.2M | ||
| Q1 24 | $198.4M | $13.2M |
| Q4 25 | $235.1M | $686.0M | ||
| Q3 25 | $227.4M | $697.7M | ||
| Q2 25 | $215.8M | $690.0M | ||
| Q1 25 | $198.7M | $686.1M | ||
| Q4 24 | $198.6M | $690.5M | ||
| Q3 24 | $205.2M | $712.7M | ||
| Q2 24 | $193.2M | $736.3M | ||
| Q1 24 | $187.1M | $739.3M |
| Q4 25 | $578.8M | $1.1B | ||
| Q3 25 | $596.3M | $1.2B | ||
| Q2 25 | $571.0M | $1.1B | ||
| Q1 25 | $526.8M | $1.1B | ||
| Q4 24 | $523.0M | $1.1B | ||
| Q3 24 | $551.7M | $1.1B | ||
| Q2 24 | $548.1M | $1.1B | ||
| Q1 24 | $542.1M | $1.2B |
| Q4 25 | 0.76× | — | ||
| Q3 25 | 0.89× | 0.00× | ||
| Q2 25 | 0.88× | 0.00× | ||
| Q1 25 | 0.87× | 0.01× | ||
| Q4 24 | 0.85× | 0.01× | ||
| Q3 24 | 0.92× | 0.02× | ||
| Q2 24 | 1.03× | 0.02× | ||
| Q1 24 | 1.06× | 0.02× |
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 | $-1.9M |
| Free Cash FlowOCF − Capex | $26.0M | $-37.2M |
| FCF MarginFCF / Revenue | 14.3% | -13.9% |
| Capex IntensityCapex / Revenue | 3.4% | 13.2% |
| Cash ConversionOCF / Net Profit | 8.55× | — |
| TTM Free Cash FlowTrailing 4 quarters | $8.3M | $-93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $32.1M | $-1.9M | ||
| Q3 25 | $4.5M | $22.0M | ||
| Q2 25 | $-9.3M | $34.8M | ||
| Q1 25 | $5.6M | $-38.9M | ||
| Q4 24 | $25.7M | $13.9M | ||
| Q3 24 | $19.4M | $-15.3M | ||
| Q2 24 | $4.5M | $8.3M | ||
| Q1 24 | $604.0K | $33.4M |
| Q4 25 | $26.0M | $-37.2M | ||
| Q3 25 | $-4.1M | $-6.4M | ||
| Q2 25 | $-14.7M | $17.0M | ||
| Q1 25 | $1.1M | $-66.4M | ||
| Q4 24 | $22.1M | $-1.3M | ||
| Q3 24 | $14.6M | $-32.9M | ||
| Q2 24 | $-284.0K | $-5.8M | ||
| Q1 24 | $-4.2M | $16.0M |
| Q4 25 | 14.3% | -13.9% | ||
| Q3 25 | -2.1% | -2.1% | ||
| Q2 25 | -7.9% | 5.6% | ||
| Q1 25 | 0.7% | -23.7% | ||
| Q4 24 | 12.8% | -0.5% | ||
| Q3 24 | 8.0% | -14.5% | ||
| Q2 24 | -0.1% | -2.0% | ||
| Q1 24 | -2.3% | 5.0% |
| Q4 25 | 3.4% | 13.2% | ||
| Q3 25 | 4.4% | 9.3% | ||
| Q2 25 | 2.9% | 5.8% | ||
| Q1 25 | 2.8% | 9.8% | ||
| Q4 24 | 2.1% | 6.3% | ||
| Q3 24 | 2.6% | 7.7% | ||
| Q2 24 | 2.5% | 4.8% | ||
| Q1 24 | 2.6% | 5.4% |
| Q4 25 | 8.55× | — | ||
| Q3 25 | 0.34× | 2.72× | ||
| Q2 25 | -3.07× | 9.41× | ||
| Q1 25 | — | -29.92× | ||
| Q4 24 | 4.96× | — | ||
| Q3 24 | 3.02× | — | ||
| Q2 24 | 0.71× | 1.80× | ||
| Q1 24 | 0.61× | 1.39× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MG
Segment breakdown not available.
MTUS
| Industrial Market Sector | $95.3M | 36% |
| Manufactured Components | $67.8M | 25% |
| Aerospace And Defense | $39.6M | 15% |
| Seamless Mechanical Tubing | $31.3M | 12% |
| Energy Market Sector | $18.3M | 7% |
| Other | $11.3M | 4% |
| Other Market Sector | $3.7M | 1% |
