vs
Side-by-side financial comparison of Mistras Group, Inc. (MG) and PROCORE TECHNOLOGIES, INC. (PCOR). Click either name above to swap in a different company.
PROCORE TECHNOLOGIES, INC. is the larger business by last-quarter revenue ($349.1M vs $181.5M, roughly 1.9× Mistras Group, Inc.). Mistras Group, Inc. runs the higher net margin — 2.1% vs -10.8%, a 12.8% gap on every dollar of revenue. On growth, PROCORE TECHNOLOGIES, INC. posted the faster year-over-year revenue change (15.6% vs 5.1%). PROCORE TECHNOLOGIES, INC. produced more free cash flow last quarter ($109.2M vs $26.0M). Over the past eight quarters, PROCORE TECHNOLOGIES, INC.'s revenue compounded faster (13.8% 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.
Procore Technologies is an American construction management software as a service company founded in 2002, with headquarters in Carpinteria, California. Procore hosts a platform to connect those involved in the construction industry on a global platform. The software allows for the creation of simplified workflows and displays a consolidated view of construction products that includes the tracking of tasks, management of project workflows, and scheduling.
MG vs PCOR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $181.5M | $349.1M |
| Net Profit | $3.8M | $-37.6M |
| Gross Margin | 28.4% | 80.1% |
| Operating Margin | 7.0% | -12.3% |
| Net Margin | 2.1% | -10.8% |
| Revenue YoY | 5.1% | 15.6% |
| Net Profit YoY | -27.4% | 39.6% |
| EPS (diluted) | $0.12 | $-0.25 |
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 | $349.1M | ||
| Q3 25 | $195.5M | $338.9M | ||
| Q2 25 | $185.4M | $323.9M | ||
| Q1 25 | $161.6M | $310.6M | ||
| Q4 24 | $172.7M | $302.0M | ||
| Q3 24 | $182.7M | $295.9M | ||
| Q2 24 | $189.8M | $284.3M | ||
| Q1 24 | $184.4M | $269.4M |
| Q4 25 | $3.8M | $-37.6M | ||
| Q3 25 | $13.1M | $-9.1M | ||
| Q2 25 | $3.0M | $-21.1M | ||
| Q1 25 | $-3.2M | $-33.0M | ||
| Q4 24 | $5.2M | $-62.3M | ||
| Q3 24 | $6.4M | $-26.4M | ||
| Q2 24 | $6.4M | $-6.3M | ||
| Q1 24 | $995.0K | $-11.0M |
| Q4 25 | 28.4% | 80.1% | ||
| Q3 25 | 29.8% | 79.7% | ||
| Q2 25 | 29.1% | 79.1% | ||
| Q1 25 | 25.3% | 79.1% | ||
| Q4 24 | 26.5% | 81.2% | ||
| Q3 24 | 26.8% | 81.4% | ||
| Q2 24 | 27.1% | 83.1% | ||
| Q1 24 | 25.0% | 83.0% |
| Q4 25 | 7.0% | -12.3% | ||
| Q3 25 | 10.4% | -4.4% | ||
| Q2 25 | 4.5% | -9.3% | ||
| Q1 25 | -0.6% | -11.7% | ||
| Q4 24 | 6.1% | -21.9% | ||
| Q3 24 | 6.5% | -12.3% | ||
| Q2 24 | 6.3% | -5.2% | ||
| Q1 24 | 3.0% | -7.0% |
| Q4 25 | 2.1% | -10.8% | ||
| Q3 25 | 6.7% | -2.7% | ||
| Q2 25 | 1.6% | -6.5% | ||
| Q1 25 | -2.0% | -10.6% | ||
| Q4 24 | 3.0% | -20.6% | ||
| Q3 24 | 3.5% | -8.9% | ||
| Q2 24 | 3.4% | -2.2% | ||
| Q1 24 | 0.5% | -4.1% |
| Q4 25 | $0.12 | $-0.25 | ||
| Q3 25 | $0.41 | $-0.06 | ||
| Q2 25 | $0.10 | $-0.14 | ||
| Q1 25 | $-0.10 | $-0.22 | ||
| Q4 24 | $0.17 | $-0.42 | ||
| Q3 24 | $0.20 | $-0.18 | ||
| Q2 24 | $0.20 | $-0.04 | ||
| Q1 24 | $0.03 | $-0.08 |
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 | $768.5M |
| Total DebtLower is stronger | $178.0M | — |
| Stockholders' EquityBook value | $235.1M | $1.3B |
| Total Assets | $578.8M | $2.2B |
| Debt / EquityLower = less leverage | 0.76× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.0M | $768.5M | ||
| Q3 25 | $27.8M | $684.0M | ||
| Q2 25 | $20.0M | $620.9M | ||
| Q1 25 | $18.5M | $566.7M | ||
| Q4 24 | $18.3M | $775.4M | ||
| Q3 24 | $20.4M | $756.9M | ||
| Q2 24 | $17.2M | $735.4M | ||
| Q1 24 | $16.9M | $744.6M |
| 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 | — |
| Q4 25 | $235.1M | $1.3B | ||
| Q3 25 | $227.4M | $1.2B | ||
| Q2 25 | $215.8M | $1.2B | ||
| Q1 25 | $198.7M | $1.2B | ||
| Q4 24 | $198.6M | $1.3B | ||
| Q3 24 | $205.2M | $1.3B | ||
| Q2 24 | $193.2M | $1.3B | ||
| Q1 24 | $187.1M | $1.2B |
| Q4 25 | $578.8M | $2.2B | ||
| Q3 25 | $596.3M | $2.1B | ||
| Q2 25 | $571.0M | $2.0B | ||
| Q1 25 | $526.8M | $1.9B | ||
| Q4 24 | $523.0M | $2.1B | ||
| Q3 24 | $551.7M | $2.0B | ||
| Q2 24 | $548.1M | $2.0B | ||
| Q1 24 | $542.1M | $1.9B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $32.1M | $114.9M |
| Free Cash FlowOCF − Capex | $26.0M | $109.2M |
| FCF MarginFCF / Revenue | 14.3% | 31.3% |
| Capex IntensityCapex / Revenue | 3.4% | 1.6% |
| Cash ConversionOCF / Net Profit | 8.55× | — |
| TTM Free Cash FlowTrailing 4 quarters | $8.3M | $282.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $32.1M | $114.9M | ||
| Q3 25 | $4.5M | $88.5M | ||
| Q2 25 | $-9.3M | $30.8M | ||
| Q1 25 | $5.6M | $66.0M | ||
| Q4 24 | $25.7M | $29.1M | ||
| Q3 24 | $19.4M | $39.3M | ||
| Q2 24 | $4.5M | $58.7M | ||
| Q1 24 | $604.0K | $69.1M |
| Q4 25 | $26.0M | $109.2M | ||
| Q3 25 | $-4.1M | $83.1M | ||
| Q2 25 | $-14.7M | $27.9M | ||
| Q1 25 | $1.1M | $62.0M | ||
| Q4 24 | $22.1M | $17.4M | ||
| Q3 24 | $14.6M | $35.7M | ||
| Q2 24 | $-284.0K | $56.8M | ||
| Q1 24 | $-4.2M | $67.1M |
| Q4 25 | 14.3% | 31.3% | ||
| Q3 25 | -2.1% | 24.5% | ||
| Q2 25 | -7.9% | 8.6% | ||
| Q1 25 | 0.7% | 20.0% | ||
| Q4 24 | 12.8% | 5.8% | ||
| Q3 24 | 8.0% | 12.1% | ||
| Q2 24 | -0.1% | 20.0% | ||
| Q1 24 | -2.3% | 24.9% |
| Q4 25 | 3.4% | 1.6% | ||
| Q3 25 | 4.4% | 1.6% | ||
| Q2 25 | 2.9% | 0.9% | ||
| Q1 25 | 2.8% | 1.3% | ||
| Q4 24 | 2.1% | 3.9% | ||
| Q3 24 | 2.6% | 1.2% | ||
| Q2 24 | 2.5% | 0.7% | ||
| Q1 24 | 2.6% | 0.8% |
| 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.
Revenue Breakdown by Segment
MG
Segment breakdown not available.
PCOR
| US | $298.3M | 85% |
| Non Us | $50.9M | 15% |
