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Side-by-side financial comparison of Mistras Group, Inc. (MG) and Enpro Inc. (NPO). Click either name above to swap in a different company.

Enpro Inc. is the larger business by last-quarter revenue ($295.4M vs $181.5M, roughly 1.6× Mistras Group, Inc.). Mistras Group, Inc. runs the higher net margin — 2.1% vs -10.8%, a 12.9% gap on every dollar of revenue. On growth, Enpro Inc. posted the faster year-over-year revenue change (14.3% vs 5.1%). Over the past eight quarters, Enpro Inc.'s revenue compounded faster (7.1% CAGR vs -0.8%).

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.

Enpro is a US-based industrial technology company that designs and manufactures products and materials for technology-intensive sectors. The company serves industries such as semiconductors, aerospace, power generation, heavy-duty trucking, agricultural machinery, chemical processing, pulp and paper, and life sciences from 61 primary manufacturing facilities located in 12 countries, worldwide. It is organized under three segments: Sealing Technologies, Advanced Surface Technologies, and Engin...

MG vs NPO — Head-to-Head

Bigger by revenue
NPO
NPO
1.6× larger
NPO
$295.4M
$181.5M
MG
Growing faster (revenue YoY)
NPO
NPO
+9.3% gap
NPO
14.3%
5.1%
MG
Higher net margin
MG
MG
12.9% more per $
MG
2.1%
-10.8%
NPO
Faster 2-yr revenue CAGR
NPO
NPO
Annualised
NPO
7.1%
-0.8%
MG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MG
MG
NPO
NPO
Revenue
$181.5M
$295.4M
Net Profit
$3.8M
$-32.0M
Gross Margin
28.4%
42.1%
Operating Margin
7.0%
11.2%
Net Margin
2.1%
-10.8%
Revenue YoY
5.1%
14.3%
Net Profit YoY
-27.4%
-330.2%
EPS (diluted)
$0.12
$-1.50

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
MG
MG
NPO
NPO
Q4 25
$181.5M
$295.4M
Q3 25
$195.5M
$286.6M
Q2 25
$185.4M
$288.1M
Q1 25
$161.6M
$273.2M
Q4 24
$172.7M
$258.4M
Q3 24
$182.7M
$260.9M
Q2 24
$189.8M
$271.9M
Q1 24
$184.4M
$257.5M
Net Profit
MG
MG
NPO
NPO
Q4 25
$3.8M
$-32.0M
Q3 25
$13.1M
$21.6M
Q2 25
$3.0M
$26.4M
Q1 25
$-3.2M
$24.5M
Q4 24
$5.2M
$13.9M
Q3 24
$6.4M
$19.8M
Q2 24
$6.4M
$26.7M
Q1 24
$995.0K
$12.5M
Gross Margin
MG
MG
NPO
NPO
Q4 25
28.4%
42.1%
Q3 25
29.8%
41.9%
Q2 25
29.1%
43.3%
Q1 25
25.3%
43.3%
Q4 24
26.5%
42.3%
Q3 24
26.8%
42.3%
Q2 24
27.1%
43.8%
Q1 24
25.0%
41.2%
Operating Margin
MG
MG
NPO
NPO
Q4 25
7.0%
11.2%
Q3 25
10.4%
14.3%
Q2 25
4.5%
15.9%
Q1 25
-0.6%
15.3%
Q4 24
6.1%
12.5%
Q3 24
6.5%
13.1%
Q2 24
6.3%
17.7%
Q1 24
3.0%
10.9%
Net Margin
MG
MG
NPO
NPO
Q4 25
2.1%
-10.8%
Q3 25
6.7%
7.5%
Q2 25
1.6%
9.2%
Q1 25
-2.0%
9.0%
Q4 24
3.0%
5.4%
Q3 24
3.5%
7.6%
Q2 24
3.4%
9.8%
Q1 24
0.5%
4.9%
EPS (diluted)
MG
MG
NPO
NPO
Q4 25
$0.12
$-1.50
Q3 25
$0.41
$1.01
Q2 25
$0.10
$1.25
Q1 25
$-0.10
$1.15
Q4 24
$0.17
$0.65
Q3 24
$0.20
$0.94
Q2 24
$0.20
$1.27
Q1 24
$0.03
$0.59

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MG
MG
NPO
NPO
Cash + ST InvestmentsLiquidity on hand
$28.0M
$114.7M
Total DebtLower is stronger
$178.0M
$655.3M
Stockholders' EquityBook value
$235.1M
$1.5B
Total Assets
$578.8M
$2.7B
Debt / EquityLower = less leverage
0.76×
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MG
MG
NPO
NPO
Q4 25
$28.0M
$114.7M
Q3 25
$27.8M
$132.9M
Q2 25
$20.0M
$107.1M
Q1 25
$18.5M
$240.3M
Q4 24
$18.3M
$236.3M
Q3 24
$20.4M
$206.9M
Q2 24
$17.2M
$175.9M
Q1 24
$16.9M
$163.9M
Total Debt
MG
MG
NPO
NPO
Q4 25
$178.0M
$655.3M
Q3 25
$202.3M
Q2 25
$189.4M
Q1 25
$171.9M
Q4 24
$169.6M
$640.1M
Q3 24
$189.7M
Q2 24
$199.7M
Q1 24
$198.4M
$644.9M
Stockholders' Equity
MG
MG
NPO
NPO
Q4 25
$235.1M
$1.5B
Q3 25
$227.4M
$1.5B
Q2 25
$215.8M
$1.5B
Q1 25
$198.7M
$1.5B
Q4 24
$198.6M
$1.4B
Q3 24
$205.2M
$1.5B
Q2 24
$193.2M
$1.4B
Q1 24
$187.1M
$1.4B
Total Assets
MG
MG
NPO
NPO
Q4 25
$578.8M
$2.7B
Q3 25
$596.3M
$2.4B
Q2 25
$571.0M
$2.4B
Q1 25
$526.8M
$2.5B
Q4 24
$523.0M
$2.5B
Q3 24
$551.7M
$2.5B
Q2 24
$548.1M
$2.5B
Q1 24
$542.1M
$2.5B
Debt / Equity
MG
MG
NPO
NPO
Q4 25
0.76×
0.42×
Q3 25
0.89×
Q2 25
0.88×
Q1 25
0.87×
Q4 24
0.85×
0.45×
Q3 24
0.92×
Q2 24
1.03×
Q1 24
1.06×
0.46×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MG
MG
NPO
NPO
Operating Cash FlowLast quarter
$32.1M
Free Cash FlowOCF − Capex
$26.0M
FCF MarginFCF / Revenue
14.3%
Capex IntensityCapex / Revenue
3.4%
4.1%
Cash ConversionOCF / Net Profit
8.55×
TTM Free Cash FlowTrailing 4 quarters
$8.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MG
MG
NPO
NPO
Q4 25
$32.1M
Q3 25
$4.5M
$65.3M
Q2 25
$-9.3M
$52.2M
Q1 25
$5.6M
$21.0M
Q4 24
$25.7M
$59.4M
Q3 24
$19.4M
$54.0M
Q2 24
$4.5M
$43.2M
Q1 24
$604.0K
$6.3M
Free Cash Flow
MG
MG
NPO
NPO
Q4 25
$26.0M
Q3 25
$-4.1M
$53.4M
Q2 25
$-14.7M
$42.3M
Q1 25
$1.1M
$13.0M
Q4 24
$22.1M
$49.1M
Q3 24
$14.6M
$48.3M
Q2 24
$-284.0K
$38.3M
Q1 24
$-4.2M
$-1.9M
FCF Margin
MG
MG
NPO
NPO
Q4 25
14.3%
Q3 25
-2.1%
18.6%
Q2 25
-7.9%
14.7%
Q1 25
0.7%
4.8%
Q4 24
12.8%
19.0%
Q3 24
8.0%
18.5%
Q2 24
-0.1%
14.1%
Q1 24
-2.3%
-0.7%
Capex Intensity
MG
MG
NPO
NPO
Q4 25
3.4%
4.1%
Q3 25
4.4%
4.2%
Q2 25
2.9%
3.4%
Q1 25
2.8%
2.9%
Q4 24
2.1%
4.0%
Q3 24
2.6%
2.2%
Q2 24
2.5%
1.8%
Q1 24
2.6%
3.2%
Cash Conversion
MG
MG
NPO
NPO
Q4 25
8.55×
Q3 25
0.34×
3.02×
Q2 25
-3.07×
1.98×
Q1 25
0.86×
Q4 24
4.96×
4.27×
Q3 24
3.02×
2.73×
Q2 24
0.71×
1.62×
Q1 24
0.61×
0.50×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MG
MG

Segment breakdown not available.

NPO
NPO

Sealing Technologies Segment$187.0M63%
General Industrial$71.3M24%
Power Generation$19.9M7%
Oiland Gas Market$15.0M5%
Semiconductors$2.2M1%

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