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Side-by-side financial comparison of Mistras Group, Inc. (MG) and ONESPAWORLD HOLDINGS Ltd (OSW). Click either name above to swap in a different company.
ONESPAWORLD HOLDINGS Ltd is the larger business by last-quarter revenue ($242.1M vs $181.5M, roughly 1.3× Mistras Group, Inc.). ONESPAWORLD HOLDINGS Ltd runs the higher net margin — 5.0% vs 2.1%, a 2.9% gap on every dollar of revenue. On growth, ONESPAWORLD HOLDINGS Ltd posted the faster year-over-year revenue change (11.5% vs 5.1%). Mistras Group, Inc. produced more free cash flow last quarter ($26.0M vs $14.9M). Over the past eight quarters, ONESPAWORLD HOLDINGS Ltd'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.
MG vs OSW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $181.5M | $242.1M |
| Net Profit | $3.8M | $12.1M |
| Gross Margin | 28.4% | — |
| Operating Margin | 7.0% | 6.8% |
| Net Margin | 2.1% | 5.0% |
| Revenue YoY | 5.1% | 11.5% |
| Net Profit YoY | -27.4% | -16.2% |
| EPS (diluted) | $0.12 | $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.
| Q4 25 | $181.5M | $242.1M | ||
| Q3 25 | $195.5M | $258.5M | ||
| Q2 25 | $185.4M | $240.7M | ||
| Q1 25 | $161.6M | $219.6M | ||
| Q4 24 | $172.7M | $217.2M | ||
| Q3 24 | $182.7M | $241.7M | ||
| Q2 24 | $189.8M | $224.9M | ||
| Q1 24 | $184.4M | $211.2M |
| Q4 25 | $3.8M | $12.1M | ||
| Q3 25 | $13.1M | $24.3M | ||
| Q2 25 | $3.0M | $19.9M | ||
| Q1 25 | $-3.2M | $15.3M | ||
| Q4 24 | $5.2M | $14.4M | ||
| Q3 24 | $6.4M | $21.6M | ||
| Q2 24 | $6.4M | $15.8M | ||
| Q1 24 | $995.0K | $21.2M |
| 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% | — |
| Q4 25 | 7.0% | 6.8% | ||
| Q3 25 | 10.4% | 10.2% | ||
| Q2 25 | 4.5% | 9.2% | ||
| Q1 25 | -0.6% | 7.7% | ||
| Q4 24 | 6.1% | 7.9% | ||
| Q3 24 | 6.5% | 10.3% | ||
| Q2 24 | 6.3% | 8.4% | ||
| Q1 24 | 3.0% | 8.0% |
| Q4 25 | 2.1% | 5.0% | ||
| Q3 25 | 6.7% | 9.4% | ||
| Q2 25 | 1.6% | 8.3% | ||
| Q1 25 | -2.0% | 7.0% | ||
| Q4 24 | 3.0% | 6.6% | ||
| Q3 24 | 3.5% | 8.9% | ||
| Q2 24 | 3.4% | 7.0% | ||
| Q1 24 | 0.5% | 10.0% |
| Q4 25 | $0.12 | $0.12 | ||
| Q3 25 | $0.41 | $0.23 | ||
| Q2 25 | $0.10 | $0.19 | ||
| Q1 25 | $-0.10 | $0.15 | ||
| Q4 24 | $0.17 | $0.13 | ||
| Q3 24 | $0.20 | $0.20 | ||
| Q2 24 | $0.20 | $0.15 | ||
| Q1 24 | $0.03 | $0.21 |
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 | $16.3M |
| Total DebtLower is stronger | $178.0M | $84.0M |
| Stockholders' EquityBook value | $235.1M | $542.6M |
| Total Assets | $578.8M | $707.1M |
| Debt / EquityLower = less leverage | 0.76× | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.0M | $16.3M | ||
| Q3 25 | $27.8M | $29.6M | ||
| Q2 25 | $20.0M | $35.0M | ||
| Q1 25 | $18.5M | $22.6M | ||
| Q4 24 | $18.3M | $57.4M | ||
| Q3 24 | $20.4M | $48.8M | ||
| Q2 24 | $17.2M | $62.5M | ||
| Q1 24 | $16.9M | $65.4M |
| Q4 25 | $178.0M | $84.0M | ||
| Q3 25 | $202.3M | $85.2M | ||
| Q2 25 | $189.4M | $96.2M | ||
| Q1 25 | $171.9M | $97.4M | ||
| Q4 24 | $169.6M | $98.6M | ||
| Q3 24 | $189.7M | $98.7M | ||
| Q2 24 | $199.7M | $123.8M | ||
| Q1 24 | $198.4M | $138.6M |
| Q4 25 | $235.1M | $542.6M | ||
| Q3 25 | $227.4M | $552.8M | ||
| Q2 25 | $215.8M | $548.3M | ||
| Q1 25 | $198.7M | $530.6M | ||
| Q4 24 | $198.6M | $554.5M | ||
| Q3 24 | $205.2M | $540.1M | ||
| Q2 24 | $193.2M | $532.7M | ||
| Q1 24 | $187.1M | $515.5M |
| Q4 25 | $578.8M | $707.1M | ||
| Q3 25 | $596.3M | $732.6M | ||
| Q2 25 | $571.0M | $731.8M | ||
| Q1 25 | $526.8M | $708.7M | ||
| Q4 24 | $523.0M | $746.4M | ||
| Q3 24 | $551.7M | $734.0M | ||
| Q2 24 | $548.1M | $756.8M | ||
| Q1 24 | $542.1M | $763.6M |
| Q4 25 | 0.76× | 0.15× | ||
| Q3 25 | 0.89× | 0.15× | ||
| Q2 25 | 0.88× | 0.18× | ||
| Q1 25 | 0.87× | 0.18× | ||
| Q4 24 | 0.85× | 0.18× | ||
| Q3 24 | 0.92× | 0.18× | ||
| Q2 24 | 1.03× | 0.23× | ||
| Q1 24 | 1.06× | 0.27× |
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 | $20.0M |
| Free Cash FlowOCF − Capex | $26.0M | $14.9M |
| FCF MarginFCF / Revenue | 14.3% | 6.2% |
| Capex IntensityCapex / Revenue | 3.4% | 2.1% |
| Cash ConversionOCF / Net Profit | 8.55× | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | $8.3M | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $32.1M | $20.0M | ||
| Q3 25 | $4.5M | $33.2M | ||
| Q2 25 | $-9.3M | $20.3M | ||
| Q1 25 | $5.6M | $10.1M | ||
| Q4 24 | $25.7M | $16.6M | ||
| Q3 24 | $19.4M | $28.6M | ||
| Q2 24 | $4.5M | $18.7M | ||
| Q1 24 | $604.0K | $15.0M |
| Q4 25 | $26.0M | $14.9M | ||
| Q3 25 | $-4.1M | $27.6M | ||
| Q2 25 | $-14.7M | $17.6M | ||
| Q1 25 | $1.1M | $8.4M | ||
| Q4 24 | $22.1M | $13.2M | ||
| Q3 24 | $14.6M | $27.5M | ||
| Q2 24 | $-284.0K | $17.6M | ||
| Q1 24 | $-4.2M | $13.7M |
| Q4 25 | 14.3% | 6.2% | ||
| Q3 25 | -2.1% | 10.7% | ||
| Q2 25 | -7.9% | 7.3% | ||
| Q1 25 | 0.7% | 3.8% | ||
| Q4 24 | 12.8% | 6.1% | ||
| Q3 24 | 8.0% | 11.4% | ||
| Q2 24 | -0.1% | 7.8% | ||
| Q1 24 | -2.3% | 6.5% |
| Q4 25 | 3.4% | 2.1% | ||
| Q3 25 | 4.4% | 2.2% | ||
| Q2 25 | 2.9% | 1.1% | ||
| Q1 25 | 2.8% | 0.8% | ||
| Q4 24 | 2.1% | 1.5% | ||
| Q3 24 | 2.6% | 0.5% | ||
| Q2 24 | 2.5% | 0.5% | ||
| Q1 24 | 2.6% | 0.6% |
| Q4 25 | 8.55× | 1.65× | ||
| Q3 25 | 0.34× | 1.36× | ||
| Q2 25 | -3.07× | 1.02× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | 4.96× | 1.15× | ||
| Q3 24 | 3.02× | 1.33× | ||
| Q2 24 | 0.71× | 1.19× | ||
| Q1 24 | 0.61× | 0.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MG
Segment breakdown not available.
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
