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Side-by-side financial comparison of Mistras Group, Inc. (MG) and Pacira BioSciences, Inc. (PCRX). Click either name above to swap in a different company.

Pacira BioSciences, Inc. is the larger business by last-quarter revenue ($196.9M vs $181.5M, roughly 1.1× Mistras Group, Inc.). On growth, Pacira BioSciences, Inc. posted the faster year-over-year revenue change (5.1% vs 5.1%). Pacira BioSciences, Inc. produced more free cash flow last quarter ($43.5M vs $26.0M). Over the past eight quarters, Pacira BioSciences, Inc.'s revenue compounded faster (8.5% 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.

Pacira BioSciences, Inc. is a specialty pharmaceutical company focused on developing and commercializing non-opioid pain management solutions. Its core product line targets post-surgical pain relief for patients, serving hospitals, ambulatory surgery centers and other healthcare providers primarily in the U.S., with ongoing expansion efforts in select international markets.

MG vs PCRX — Head-to-Head

Bigger by revenue
PCRX
PCRX
1.1× larger
PCRX
$196.9M
$181.5M
MG
Growing faster (revenue YoY)
PCRX
PCRX
+0.1% gap
PCRX
5.1%
5.1%
MG
More free cash flow
PCRX
PCRX
$17.5M more FCF
PCRX
$43.5M
$26.0M
MG
Faster 2-yr revenue CAGR
PCRX
PCRX
Annualised
PCRX
8.5%
-0.8%
MG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MG
MG
PCRX
PCRX
Revenue
$181.5M
$196.9M
Net Profit
$3.8M
Gross Margin
28.4%
79.5%
Operating Margin
7.0%
1.2%
Net Margin
2.1%
Revenue YoY
5.1%
5.1%
Net Profit YoY
-27.4%
EPS (diluted)
$0.12
$0.05

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
PCRX
PCRX
Q4 25
$181.5M
$196.9M
Q3 25
$195.5M
$179.5M
Q2 25
$185.4M
$181.1M
Q1 25
$161.6M
$168.9M
Q4 24
$172.7M
$187.3M
Q3 24
$182.7M
$168.6M
Q2 24
$189.8M
$178.0M
Q1 24
$184.4M
$167.1M
Net Profit
MG
MG
PCRX
PCRX
Q4 25
$3.8M
Q3 25
$13.1M
$5.4M
Q2 25
$3.0M
$-4.8M
Q1 25
$-3.2M
$4.8M
Q4 24
$5.2M
Q3 24
$6.4M
$-143.5M
Q2 24
$6.4M
$18.9M
Q1 24
$995.0K
$9.0M
Gross Margin
MG
MG
PCRX
PCRX
Q4 25
28.4%
79.5%
Q3 25
29.8%
80.9%
Q2 25
29.1%
77.4%
Q1 25
25.3%
79.7%
Q4 24
26.5%
78.7%
Q3 24
26.8%
76.9%
Q2 24
27.1%
75.1%
Q1 24
25.0%
71.6%
Operating Margin
MG
MG
PCRX
PCRX
Q4 25
7.0%
1.2%
Q3 25
10.4%
3.5%
Q2 25
4.5%
4.7%
Q1 25
-0.6%
1.2%
Q4 24
6.1%
13.2%
Q3 24
6.5%
-82.8%
Q2 24
6.3%
15.9%
Q1 24
3.0%
7.9%
Net Margin
MG
MG
PCRX
PCRX
Q4 25
2.1%
Q3 25
6.7%
3.0%
Q2 25
1.6%
-2.7%
Q1 25
-2.0%
2.8%
Q4 24
3.0%
Q3 24
3.5%
-85.1%
Q2 24
3.4%
10.6%
Q1 24
0.5%
5.4%
EPS (diluted)
MG
MG
PCRX
PCRX
Q4 25
$0.12
$0.05
Q3 25
$0.41
$0.12
Q2 25
$0.10
$-0.11
Q1 25
$-0.10
$0.10
Q4 24
$0.17
$0.38
Q3 24
$0.20
$-3.11
Q2 24
$0.20
$0.39
Q1 24
$0.03
$0.19

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MG
MG
PCRX
PCRX
Cash + ST InvestmentsLiquidity on hand
$28.0M
$238.4M
Total DebtLower is stronger
$178.0M
$372.2M
Stockholders' EquityBook value
$235.1M
$693.1M
Total Assets
$578.8M
$1.3B
Debt / EquityLower = less leverage
0.76×
0.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MG
MG
PCRX
PCRX
Q4 25
$28.0M
$238.4M
Q3 25
$27.8M
$246.3M
Q2 25
$20.0M
$445.9M
Q1 25
$18.5M
$493.6M
Q4 24
$18.3M
$484.6M
Q3 24
$20.4M
$453.8M
Q2 24
$17.2M
$404.2M
Q1 24
$16.9M
$325.9M
Total Debt
MG
MG
PCRX
PCRX
Q4 25
$178.0M
$372.2M
Q3 25
$202.3M
$376.7M
Q2 25
$189.4M
$580.5M
Q1 25
$171.9M
$583.4M
Q4 24
$169.6M
$585.3M
Q3 24
$189.7M
Q2 24
$199.7M
Q1 24
$198.4M
Stockholders' Equity
MG
MG
PCRX
PCRX
Q4 25
$235.1M
$693.1M
Q3 25
$227.4M
$727.2M
Q2 25
$215.8M
$757.8M
Q1 25
$198.7M
$798.5M
Q4 24
$198.6M
$778.3M
Q3 24
$205.2M
$749.6M
Q2 24
$193.2M
$879.3M
Q1 24
$187.1M
$892.2M
Total Assets
MG
MG
PCRX
PCRX
Q4 25
$578.8M
$1.3B
Q3 25
$596.3M
$1.3B
Q2 25
$571.0M
$1.5B
Q1 25
$526.8M
$1.6B
Q4 24
$523.0M
$1.6B
Q3 24
$551.7M
$1.5B
Q2 24
$548.1M
$1.6B
Q1 24
$542.1M
$1.6B
Debt / Equity
MG
MG
PCRX
PCRX
Q4 25
0.76×
0.54×
Q3 25
0.89×
0.52×
Q2 25
0.88×
0.77×
Q1 25
0.87×
0.73×
Q4 24
0.85×
0.75×
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
PCRX
PCRX
Operating Cash FlowLast quarter
$32.1M
$43.7M
Free Cash FlowOCF − Capex
$26.0M
$43.5M
FCF MarginFCF / Revenue
14.3%
22.1%
Capex IntensityCapex / Revenue
3.4%
0.1%
Cash ConversionOCF / Net Profit
8.55×
TTM Free Cash FlowTrailing 4 quarters
$8.3M
$136.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MG
MG
PCRX
PCRX
Q4 25
$32.1M
$43.7M
Q3 25
$4.5M
$60.8M
Q2 25
$-9.3M
$12.0M
Q1 25
$5.6M
$35.5M
Q4 24
$25.7M
$33.1M
Q3 24
$19.4M
$53.9M
Q2 24
$4.5M
$53.2M
Q1 24
$604.0K
$49.1M
Free Cash Flow
MG
MG
PCRX
PCRX
Q4 25
$26.0M
$43.5M
Q3 25
$-4.1M
$57.0M
Q2 25
$-14.7M
$9.3M
Q1 25
$1.1M
$26.9M
Q4 24
$22.1M
$31.0M
Q3 24
$14.6M
$49.8M
Q2 24
$-284.0K
$51.6M
Q1 24
$-4.2M
$46.3M
FCF Margin
MG
MG
PCRX
PCRX
Q4 25
14.3%
22.1%
Q3 25
-2.1%
31.7%
Q2 25
-7.9%
5.1%
Q1 25
0.7%
15.9%
Q4 24
12.8%
16.6%
Q3 24
8.0%
29.6%
Q2 24
-0.1%
29.0%
Q1 24
-2.3%
27.7%
Capex Intensity
MG
MG
PCRX
PCRX
Q4 25
3.4%
0.1%
Q3 25
4.4%
2.2%
Q2 25
2.9%
1.5%
Q1 25
2.8%
5.1%
Q4 24
2.1%
1.1%
Q3 24
2.6%
2.4%
Q2 24
2.5%
0.9%
Q1 24
2.6%
1.7%
Cash Conversion
MG
MG
PCRX
PCRX
Q4 25
8.55×
Q3 25
0.34×
11.20×
Q2 25
-3.07×
Q1 25
7.37×
Q4 24
4.96×
Q3 24
3.02×
Q2 24
0.71×
2.82×
Q1 24
0.61×
5.47×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MG
MG

Segment breakdown not available.

PCRX
PCRX

EXPAREL$155.8M79%
ZILRETTA$33.0M17%
Iovera$7.0M4%

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