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

Orla Mining Ltd. is the larger business by last-quarter revenue ($251.2M vs $181.5M, roughly 1.4× Mistras Group, Inc.).

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.

Orla Mining Ltd. is a Canada-based mineral exploration and development firm focused on high-grade gold and precious metal assets in North and Central America, with core projects in Mexico and Nevada, U.S. It follows sustainable responsible mining practices, collaborates with local communities, and delivers long-term value to stakeholders.

MG vs ORLA — Head-to-Head

Bigger by revenue
ORLA
ORLA
1.4× larger
ORLA
$251.2M
$181.5M
MG

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
MG
MG
ORLA
ORLA
Revenue
$181.5M
$251.2M
Net Profit
$3.8M
Gross Margin
28.4%
Operating Margin
7.0%
Net Margin
2.1%
Revenue YoY
5.1%
Net Profit YoY
-27.4%
EPS (diluted)
$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
MG
MG
ORLA
ORLA
Q4 25
$181.5M
Q3 25
$195.5M
$251.2M
Q2 25
$185.4M
$151.8M
Q1 25
$161.6M
Q4 24
$172.7M
Q3 24
$182.7M
$584.4M
Q2 24
$189.8M
$110.4M
Q1 24
$184.4M
Net Profit
MG
MG
ORLA
ORLA
Q4 25
$3.8M
Q3 25
$13.1M
Q2 25
$3.0M
Q1 25
$-3.2M
Q4 24
$5.2M
Q3 24
$6.4M
$-368.9M
Q2 24
$6.4M
Q1 24
$995.0K
Gross Margin
MG
MG
ORLA
ORLA
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
MG
MG
ORLA
ORLA
Q4 25
7.0%
Q3 25
10.4%
Q2 25
4.5%
Q1 25
-0.6%
Q4 24
6.1%
Q3 24
6.5%
Q2 24
6.3%
Q1 24
3.0%
Net Margin
MG
MG
ORLA
ORLA
Q4 25
2.1%
Q3 25
6.7%
Q2 25
1.6%
Q1 25
-2.0%
Q4 24
3.0%
Q3 24
3.5%
-63.1%
Q2 24
3.4%
Q1 24
0.5%
EPS (diluted)
MG
MG
ORLA
ORLA
Q4 25
$0.12
Q3 25
$0.41
Q2 25
$0.10
Q1 25
$-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
MG
MG
ORLA
ORLA
Cash + ST InvestmentsLiquidity on hand
$28.0M
Total DebtLower is stronger
$178.0M
Stockholders' EquityBook value
$235.1M
$507.4M
Total Assets
$578.8M
$598.3M
Debt / EquityLower = less leverage
0.76×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MG
MG
ORLA
ORLA
Q4 25
$28.0M
Q3 25
$27.8M
Q2 25
$20.0M
Q1 25
$18.5M
Q4 24
$18.3M
Q3 24
$20.4M
Q2 24
$17.2M
$96.6M
Q1 24
$16.9M
Total Debt
MG
MG
ORLA
ORLA
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 24
$198.4M
Stockholders' Equity
MG
MG
ORLA
ORLA
Q4 25
$235.1M
Q3 25
$227.4M
$507.4M
Q2 25
$215.8M
$507.4M
Q1 25
$198.7M
Q4 24
$198.6M
Q3 24
$205.2M
$968.6M
Q2 24
$193.2M
$400.5M
Q1 24
$187.1M
Total Assets
MG
MG
ORLA
ORLA
Q4 25
$578.8M
Q3 25
$596.3M
$598.3M
Q2 25
$571.0M
$598.3M
Q1 25
$526.8M
Q4 24
$523.0M
Q3 24
$551.7M
$1.3B
Q2 24
$548.1M
$535.8M
Q1 24
$542.1M
Debt / Equity
MG
MG
ORLA
ORLA
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×
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
MG
MG
ORLA
ORLA
Operating Cash FlowLast quarter
$32.1M
$126.9M
Free Cash FlowOCF − Capex
$26.0M
FCF MarginFCF / Revenue
14.3%
Capex IntensityCapex / Revenue
3.4%
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
ORLA
ORLA
Q4 25
$32.1M
Q3 25
$4.5M
$126.9M
Q2 25
$-9.3M
$74.9M
Q1 25
$5.6M
Q4 24
$25.7M
Q3 24
$19.4M
$92.4M
Q2 24
$4.5M
$22.4M
Q1 24
$604.0K
Free Cash Flow
MG
MG
ORLA
ORLA
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
MG
MG
ORLA
ORLA
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
MG
MG
ORLA
ORLA
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
MG
MG
ORLA
ORLA
Q4 25
8.55×
Q3 25
0.34×
Q2 25
-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.

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