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Side-by-side financial comparison of Mistras Group, Inc. (MG) and UNIVERSAL DISPLAY CORP \PA\ (OLED). Click either name above to swap in a different company.
Mistras Group, Inc. is the larger business by last-quarter revenue ($181.5M vs $142.2M, roughly 1.3× UNIVERSAL DISPLAY CORP \PA\). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 25.2% vs 2.1%, a 23.2% gap on every dollar of revenue. On growth, Mistras Group, Inc. posted the faster year-over-year revenue change (5.1% vs -14.5%). Over the past eight quarters, Mistras Group, Inc.'s revenue compounded faster (-0.8% CAGR vs -5.3%).
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.
Universal Display Corporation is a developer and manufacturer of organic light emitting diode (OLED) technologies and materials, and it is a provider of services to the display and lighting industries.
MG vs OLED — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $181.5M | $142.2M |
| Net Profit | $3.8M | $35.9M |
| Gross Margin | 28.4% | 74.6% |
| Operating Margin | 7.0% | 30.1% |
| Net Margin | 2.1% | 25.2% |
| Revenue YoY | 5.1% | -14.5% |
| Net Profit YoY | -27.4% | -44.3% |
| EPS (diluted) | $0.12 | $0.76 |
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 | — | $142.2M | ||
| Q4 25 | $181.5M | $172.9M | ||
| Q3 25 | $195.5M | $139.6M | ||
| Q2 25 | $185.4M | $171.8M | ||
| Q1 25 | $161.6M | $166.3M | ||
| Q4 24 | $172.7M | $162.3M | ||
| Q3 24 | $182.7M | $161.6M | ||
| Q2 24 | $189.8M | $158.5M |
| Q1 26 | — | $35.9M | ||
| Q4 25 | $3.8M | $66.3M | ||
| Q3 25 | $13.1M | $44.0M | ||
| Q2 25 | $3.0M | $67.3M | ||
| Q1 25 | $-3.2M | $64.4M | ||
| Q4 24 | $5.2M | $46.0M | ||
| Q3 24 | $6.4M | $66.9M | ||
| Q2 24 | $6.4M | $52.3M |
| Q1 26 | — | 74.6% | ||
| Q4 25 | 28.4% | 76.1% | ||
| Q3 25 | 29.8% | 74.6% | ||
| Q2 25 | 29.1% | 77.2% | ||
| Q1 25 | 25.3% | 77.1% | ||
| Q4 24 | 26.5% | 77.0% | ||
| Q3 24 | 26.8% | 77.8% | ||
| Q2 24 | 27.1% | 75.8% |
| Q1 26 | — | 30.1% | ||
| Q4 25 | 7.0% | 38.9% | ||
| Q3 25 | 10.4% | 30.9% | ||
| Q2 25 | 4.5% | 39.9% | ||
| Q1 25 | -0.6% | 41.9% | ||
| Q4 24 | 6.1% | 32.3% | ||
| Q3 24 | 6.5% | 41.5% | ||
| Q2 24 | 6.3% | 35.6% |
| Q1 26 | — | 25.2% | ||
| Q4 25 | 2.1% | 38.4% | ||
| Q3 25 | 6.7% | 31.5% | ||
| Q2 25 | 1.6% | 39.2% | ||
| Q1 25 | -2.0% | 38.8% | ||
| Q4 24 | 3.0% | 28.4% | ||
| Q3 24 | 3.5% | 41.4% | ||
| Q2 24 | 3.4% | 33.0% |
| Q1 26 | — | $0.76 | ||
| Q4 25 | $0.12 | $1.40 | ||
| Q3 25 | $0.41 | $0.92 | ||
| Q2 25 | $0.10 | $1.41 | ||
| Q1 25 | $-0.10 | $1.35 | ||
| Q4 24 | $0.17 | $0.96 | ||
| Q3 24 | $0.20 | $1.40 | ||
| Q2 24 | $0.20 | $1.10 |
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 | $516.4M |
| Total DebtLower is stronger | $178.0M | — |
| Stockholders' EquityBook value | $235.1M | — |
| Total Assets | $578.8M | $1.9B |
| Debt / EquityLower = less leverage | 0.76× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $516.4M | ||
| Q4 25 | $28.0M | $602.4M | ||
| Q3 25 | $27.8M | $603.0M | ||
| Q2 25 | $20.0M | $525.2M | ||
| Q1 25 | $18.5M | $571.3M | ||
| Q4 24 | $18.3M | $492.7M | ||
| Q3 24 | $20.4M | $551.6M | ||
| Q2 24 | $17.2M | $530.5M |
| 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 | — | — | ||
| Q4 25 | $235.1M | $1.8B | ||
| Q3 25 | $227.4M | $1.7B | ||
| Q2 25 | $215.8M | $1.7B | ||
| Q1 25 | $198.7M | $1.7B | ||
| Q4 24 | $198.6M | $1.6B | ||
| Q3 24 | $205.2M | $1.6B | ||
| Q2 24 | $193.2M | $1.5B |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $578.8M | $2.0B | ||
| Q3 25 | $596.3M | $1.9B | ||
| Q2 25 | $571.0M | $1.9B | ||
| Q1 25 | $526.8M | $1.9B | ||
| Q4 24 | $523.0M | $1.8B | ||
| Q3 24 | $551.7M | $1.8B | ||
| Q2 24 | $548.1M | $1.8B |
| 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 | $108.9M |
| Free Cash FlowOCF − Capex | $26.0M | — |
| FCF MarginFCF / Revenue | 14.3% | — |
| Capex IntensityCapex / Revenue | 3.4% | — |
| Cash ConversionOCF / Net Profit | 8.55× | 3.03× |
| TTM Free Cash FlowTrailing 4 quarters | $8.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $108.9M | ||
| Q4 25 | $32.1M | $31.1M | ||
| Q3 25 | $4.5M | $97.2M | ||
| Q2 25 | $-9.3M | $51.9M | ||
| Q1 25 | $5.6M | $30.6M | ||
| Q4 24 | $25.7M | $34.7M | ||
| Q3 24 | $19.4M | $79.9M | ||
| Q2 24 | $4.5M | $67.0M |
| Q1 26 | — | — | ||
| Q4 25 | $26.0M | $15.1M | ||
| Q3 25 | $-4.1M | $84.3M | ||
| Q2 25 | $-14.7M | $37.5M | ||
| Q1 25 | $1.1M | $17.5M | ||
| Q4 24 | $22.1M | $22.0M | ||
| Q3 24 | $14.6M | $66.2M | ||
| Q2 24 | $-284.0K | $57.9M |
| Q1 26 | — | — | ||
| Q4 25 | 14.3% | 8.7% | ||
| Q3 25 | -2.1% | 60.4% | ||
| Q2 25 | -7.9% | 21.8% | ||
| Q1 25 | 0.7% | 10.5% | ||
| Q4 24 | 12.8% | 13.6% | ||
| Q3 24 | 8.0% | 41.0% | ||
| Q2 24 | -0.1% | 36.5% |
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 9.3% | ||
| Q3 25 | 4.4% | 9.2% | ||
| Q2 25 | 2.9% | 8.4% | ||
| Q1 25 | 2.8% | 7.9% | ||
| Q4 24 | 2.1% | 7.8% | ||
| Q3 24 | 2.6% | 8.4% | ||
| Q2 24 | 2.5% | 5.8% |
| Q1 26 | — | 3.03× | ||
| Q4 25 | 8.55× | 0.47× | ||
| Q3 25 | 0.34× | 2.21× | ||
| Q2 25 | -3.07× | 0.77× | ||
| Q1 25 | — | 0.47× | ||
| Q4 24 | 4.96× | 0.75× | ||
| Q3 24 | 3.02× | 1.19× | ||
| Q2 24 | 0.71× | 1.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MG
Segment breakdown not available.
OLED
| Material sales | $83.7M | 59% |
| Royalty and license fees | $54.2M | 38% |
| Contract research services | $4.3M | 3% |
