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Side-by-side financial comparison of Mistras Group, Inc. (MG) and OLAPLEX HOLDINGS, INC. (OLPX). Click either name above to swap in a different company.
Mistras Group, Inc. is the larger business by last-quarter revenue ($181.5M vs $105.1M, roughly 1.7× OLAPLEX HOLDINGS, INC.). Mistras Group, Inc. runs the higher net margin — 2.1% vs -12.5%, a 14.5% gap on every dollar of revenue. On growth, Mistras Group, Inc. posted the faster year-over-year revenue change (5.1% vs 4.3%). OLAPLEX HOLDINGS, INC. produced more free cash flow last quarter ($32.6M vs $26.0M). Over the past eight quarters, OLAPLEX HOLDINGS, INC.'s revenue compounded faster (3.1% 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.
Olaplex Holdings, Inc. is a specialty beauty company developing and selling patented bond-repair hair care products. It runs three core segments: professional salon distribution, direct-to-consumer sales, and third-party retail, serving customers across North America, Europe, and Asia-Pacific with products that repair and protect damaged hair.
MG vs OLPX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $181.5M | $105.1M |
| Net Profit | $3.8M | $-13.1M |
| Gross Margin | 28.4% | 68.0% |
| Operating Margin | 7.0% | -4.3% |
| Net Margin | 2.1% | -12.5% |
| Revenue YoY | 5.1% | 4.3% |
| Net Profit YoY | -27.4% | -48.9% |
| EPS (diluted) | $0.12 | $-0.02 |
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 | $105.1M | ||
| Q3 25 | $195.5M | $114.6M | ||
| Q2 25 | $185.4M | $106.3M | ||
| Q1 25 | $161.6M | $97.0M | ||
| Q4 24 | $172.7M | $100.7M | ||
| Q3 24 | $182.7M | $119.1M | ||
| Q2 24 | $189.8M | $103.9M | ||
| Q1 24 | $184.4M | $98.9M |
| Q4 25 | $3.8M | $-13.1M | ||
| Q3 25 | $13.1M | $11.1M | ||
| Q2 25 | $3.0M | $-7.7M | ||
| Q1 25 | $-3.2M | $465.0K | ||
| Q4 24 | $5.2M | $-8.8M | ||
| Q3 24 | $6.4M | $14.8M | ||
| Q2 24 | $6.4M | $5.8M | ||
| Q1 24 | $995.0K | $7.7M |
| Q4 25 | 28.4% | 68.0% | ||
| Q3 25 | 29.8% | 69.1% | ||
| Q2 25 | 29.1% | 71.2% | ||
| Q1 25 | 25.3% | 69.5% | ||
| Q4 24 | 26.5% | 66.3% | ||
| Q3 24 | 26.8% | 68.6% | ||
| Q2 24 | 27.1% | 69.7% | ||
| Q1 24 | 25.0% | 72.1% |
| Q4 25 | 7.0% | -4.3% | ||
| Q3 25 | 10.4% | 3.7% | ||
| Q2 25 | 4.5% | -1.1% | ||
| Q1 25 | -0.6% | 8.7% | ||
| Q4 24 | 6.1% | 3.0% | ||
| Q3 24 | 6.5% | 23.5% | ||
| Q2 24 | 6.3% | 15.7% | ||
| Q1 24 | 3.0% | 19.8% |
| Q4 25 | 2.1% | -12.5% | ||
| Q3 25 | 6.7% | 9.7% | ||
| Q2 25 | 1.6% | -7.3% | ||
| Q1 25 | -2.0% | 0.5% | ||
| Q4 24 | 3.0% | -8.7% | ||
| Q3 24 | 3.5% | 12.4% | ||
| Q2 24 | 3.4% | 5.6% | ||
| Q1 24 | 0.5% | 7.8% |
| Q4 25 | $0.12 | $-0.02 | ||
| Q3 25 | $0.41 | $0.02 | ||
| Q2 25 | $0.10 | $-0.01 | ||
| Q1 25 | $-0.10 | $0.00 | ||
| Q4 24 | $0.17 | $-0.01 | ||
| Q3 24 | $0.20 | $0.02 | ||
| Q2 24 | $0.20 | $0.01 | ||
| Q1 24 | $0.03 | $0.01 |
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 | $318.7M |
| Total DebtLower is stronger | $178.0M | $352.3M |
| Stockholders' EquityBook value | $235.1M | $879.4M |
| Total Assets | $578.8M | $1.5B |
| Debt / EquityLower = less leverage | 0.76× | 0.40× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.0M | $318.7M | ||
| Q3 25 | $27.8M | $286.4M | ||
| Q2 25 | $20.0M | $289.3M | ||
| Q1 25 | $18.5M | $580.9M | ||
| Q4 24 | $18.3M | $586.0M | ||
| Q3 24 | $20.4M | $538.8M | ||
| Q2 24 | $17.2M | $507.9M | ||
| Q1 24 | $16.9M | $507.5M |
| Q4 25 | $178.0M | $352.3M | ||
| Q3 25 | $202.3M | $352.1M | ||
| Q2 25 | $189.4M | $351.9M | ||
| Q1 25 | $171.9M | $649.1M | ||
| Q4 24 | $169.6M | $650.5M | ||
| Q3 24 | $189.7M | $651.8M | ||
| Q2 24 | $199.7M | $653.1M | ||
| Q1 24 | $198.4M | $654.4M |
| Q4 25 | $235.1M | $879.4M | ||
| Q3 25 | $227.4M | $888.7M | ||
| Q2 25 | $215.8M | $874.2M | ||
| Q1 25 | $198.7M | $878.3M | ||
| Q4 24 | $198.6M | $874.4M | ||
| Q3 24 | $205.2M | $879.7M | ||
| Q2 24 | $193.2M | $863.3M | ||
| Q1 24 | $187.1M | $855.7M |
| Q4 25 | $578.8M | $1.5B | ||
| Q3 25 | $596.3M | $1.5B | ||
| Q2 25 | $571.0M | $1.5B | ||
| Q1 25 | $526.8M | $1.8B | ||
| Q4 24 | $523.0M | $1.8B | ||
| Q3 24 | $551.7M | $1.8B | ||
| Q2 24 | $548.1M | $1.8B | ||
| Q1 24 | $542.1M | $1.8B |
| Q4 25 | 0.76× | 0.40× | ||
| Q3 25 | 0.89× | 0.40× | ||
| Q2 25 | 0.88× | 0.40× | ||
| Q1 25 | 0.87× | 0.74× | ||
| Q4 24 | 0.85× | 0.74× | ||
| Q3 24 | 0.92× | 0.74× | ||
| Q2 24 | 1.03× | 0.76× | ||
| Q1 24 | 1.06× | 0.76× |
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 | $32.7M |
| Free Cash FlowOCF − Capex | $26.0M | $32.6M |
| FCF MarginFCF / Revenue | 14.3% | 31.0% |
| Capex IntensityCapex / Revenue | 3.4% | 0.1% |
| Cash ConversionOCF / Net Profit | 8.55× | — |
| TTM Free Cash FlowTrailing 4 quarters | $8.3M | $58.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $32.1M | $32.7M | ||
| Q3 25 | $4.5M | $8.0M | ||
| Q2 25 | $-9.3M | $20.9M | ||
| Q1 25 | $5.6M | $-2.9M | ||
| Q4 24 | $25.7M | $49.7M | ||
| Q3 24 | $19.4M | $33.5M | ||
| Q2 24 | $4.5M | $16.2M | ||
| Q1 24 | $604.0K | $43.7M |
| Q4 25 | $26.0M | $32.6M | ||
| Q3 25 | $-4.1M | $7.9M | ||
| Q2 25 | $-14.7M | $20.8M | ||
| Q1 25 | $1.1M | $-3.0M | ||
| Q4 24 | $22.1M | $49.2M | ||
| Q3 24 | $14.6M | $33.3M | ||
| Q2 24 | $-284.0K | $16.1M | ||
| Q1 24 | $-4.2M | $43.3M |
| Q4 25 | 14.3% | 31.0% | ||
| Q3 25 | -2.1% | 6.9% | ||
| Q2 25 | -7.9% | 19.6% | ||
| Q1 25 | 0.7% | -3.1% | ||
| Q4 24 | 12.8% | 48.9% | ||
| Q3 24 | 8.0% | 28.0% | ||
| Q2 24 | -0.1% | 15.5% | ||
| Q1 24 | -2.3% | 43.7% |
| Q4 25 | 3.4% | 0.1% | ||
| Q3 25 | 4.4% | 0.1% | ||
| Q2 25 | 2.9% | 0.1% | ||
| Q1 25 | 2.8% | 0.0% | ||
| Q4 24 | 2.1% | 0.4% | ||
| Q3 24 | 2.6% | 0.1% | ||
| Q2 24 | 2.5% | 0.1% | ||
| Q1 24 | 2.6% | 0.5% |
| Q4 25 | 8.55× | — | ||
| Q3 25 | 0.34× | 0.72× | ||
| Q2 25 | -3.07× | — | ||
| Q1 25 | — | -6.27× | ||
| Q4 24 | 4.96× | — | ||
| Q3 24 | 3.02× | 2.26× | ||
| Q2 24 | 0.71× | 2.81× | ||
| Q1 24 | 0.61× | 5.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MG
Segment breakdown not available.
OLPX
| Sales Channel Directly To Consumer | $43.6M | 42% |
| Sales Channel Through Intermediary Professional | $36.8M | 35% |
| Sales Channel Through Intermediary Specialty Retail | $24.7M | 23% |
