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

Mistras Group, Inc. is the larger business by last-quarter revenue ($181.5M vs $124.5M, roughly 1.5× PagerDuty, Inc.). PagerDuty, Inc. runs the higher net margin — 129.7% vs 2.1%, a 127.7% gap on every dollar of revenue. On growth, Mistras Group, Inc. posted the faster year-over-year revenue change (5.1% vs 4.7%). Mistras Group, Inc. produced more free cash flow last quarter ($26.0M vs $24.1M). Over the past eight quarters, PagerDuty, Inc.'s revenue compounded faster (5.9% 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.

PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.

MG vs PD — Head-to-Head

Bigger by revenue
MG
MG
1.5× larger
MG
$181.5M
$124.5M
PD
Growing faster (revenue YoY)
MG
MG
+0.3% gap
MG
5.1%
4.7%
PD
Higher net margin
PD
PD
127.7% more per $
PD
129.7%
2.1%
MG
More free cash flow
MG
MG
$1.9M more FCF
MG
$26.0M
$24.1M
PD
Faster 2-yr revenue CAGR
PD
PD
Annualised
PD
5.9%
-0.8%
MG

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
MG
MG
PD
PD
Revenue
$181.5M
$124.5M
Net Profit
$3.8M
$161.6M
Gross Margin
28.4%
85.3%
Operating Margin
7.0%
6.5%
Net Margin
2.1%
129.7%
Revenue YoY
5.1%
4.7%
Net Profit YoY
-27.4%
2827.7%
EPS (diluted)
$0.12
$1.69

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
PD
PD
Q4 25
$181.5M
$124.5M
Q3 25
$195.5M
$123.4M
Q2 25
$185.4M
$119.8M
Q1 25
$161.6M
$121.4M
Q4 24
$172.7M
$118.9M
Q3 24
$182.7M
$115.9M
Q2 24
$189.8M
$111.2M
Q1 24
$184.4M
$111.1M
Net Profit
MG
MG
PD
PD
Q4 25
$3.8M
$161.6M
Q3 25
$13.1M
$9.6M
Q2 25
$3.0M
$-7.2M
Q1 25
$-3.2M
$-8.8M
Q4 24
$5.2M
$-5.9M
Q3 24
$6.4M
$-10.9M
Q2 24
$6.4M
$-17.1M
Q1 24
$995.0K
$-28.2M
Gross Margin
MG
MG
PD
PD
Q4 25
28.4%
85.3%
Q3 25
29.8%
84.6%
Q2 25
29.1%
84.0%
Q1 25
25.3%
83.6%
Q4 24
26.5%
83.0%
Q3 24
26.8%
82.7%
Q2 24
27.1%
82.6%
Q1 24
25.0%
81.7%
Operating Margin
MG
MG
PD
PD
Q4 25
7.0%
6.5%
Q3 25
10.4%
2.9%
Q2 25
4.5%
-8.6%
Q1 25
-0.6%
-9.6%
Q4 24
6.1%
-8.7%
Q3 24
6.5%
-13.8%
Q2 24
6.3%
-19.5%
Q1 24
3.0%
-30.1%
Net Margin
MG
MG
PD
PD
Q4 25
2.1%
129.7%
Q3 25
6.7%
7.8%
Q2 25
1.6%
-6.0%
Q1 25
-2.0%
-7.2%
Q4 24
3.0%
-5.0%
Q3 24
3.5%
-9.4%
Q2 24
3.4%
-15.4%
Q1 24
0.5%
-25.3%
EPS (diluted)
MG
MG
PD
PD
Q4 25
$0.12
$1.69
Q3 25
$0.41
$0.10
Q2 25
$0.10
$-0.07
Q1 25
$-0.10
$-0.12
Q4 24
$0.17
$-0.07
Q3 24
$0.20
$-0.14
Q2 24
$0.20
$-0.26
Q1 24
$0.03
$-0.34

Balance Sheet & Financial Strength

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

Metric
MG
MG
PD
PD
Cash + ST InvestmentsLiquidity on hand
$28.0M
$547.8M
Total DebtLower is stronger
$178.0M
Stockholders' EquityBook value
$235.1M
$320.5M
Total Assets
$578.8M
$1.0B
Debt / EquityLower = less leverage
0.76×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MG
MG
PD
PD
Q4 25
$28.0M
$547.8M
Q3 25
$27.8M
$567.9M
Q2 25
$20.0M
$597.1M
Q1 25
$18.5M
$570.8M
Q4 24
$18.3M
$542.2M
Q3 24
$20.4M
$599.3M
Q2 24
$17.2M
$592.8M
Q1 24
$16.9M
$571.2M
Total Debt
MG
MG
PD
PD
Q4 25
$178.0M
Q3 25
$202.3M
Q2 25
$189.4M
Q1 25
$171.9M
$484.5M
Q4 24
$169.6M
Q3 24
$189.7M
Q2 24
$199.7M
Q1 24
$198.4M
$489.5M
Stockholders' Equity
MG
MG
PD
PD
Q4 25
$235.1M
$320.5M
Q3 25
$227.4M
$180.7M
Q2 25
$215.8M
$145.7M
Q1 25
$198.7M
$129.8M
Q4 24
$198.6M
$111.6M
Q3 24
$205.2M
$164.7M
Q2 24
$193.2M
$174.0M
Q1 24
$187.1M
$171.6M
Total Assets
MG
MG
PD
PD
Q4 25
$578.8M
$1.0B
Q3 25
$596.3M
$891.5M
Q2 25
$571.0M
$926.8M
Q1 25
$526.8M
$927.3M
Q4 24
$523.0M
$866.8M
Q3 24
$551.7M
$916.0M
Q2 24
$548.1M
$924.0M
Q1 24
$542.1M
$925.3M
Debt / Equity
MG
MG
PD
PD
Q4 25
0.76×
Q3 25
0.89×
Q2 25
0.88×
Q1 25
0.87×
3.73×
Q4 24
0.85×
Q3 24
0.92×
Q2 24
1.03×
Q1 24
1.06×
2.85×

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
PD
PD
Operating Cash FlowLast quarter
$32.1M
$24.8M
Free Cash FlowOCF − Capex
$26.0M
$24.1M
FCF MarginFCF / Revenue
14.3%
19.3%
Capex IntensityCapex / Revenue
3.4%
0.6%
Cash ConversionOCF / Net Profit
8.55×
0.15×
TTM Free Cash FlowTrailing 4 quarters
$8.3M
$117.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MG
MG
PD
PD
Q4 25
$32.1M
$24.8M
Q3 25
$4.5M
$34.0M
Q2 25
$-9.3M
$30.7M
Q1 25
$5.6M
$31.4M
Q4 24
$25.7M
$22.1M
Q3 24
$19.4M
$35.8M
Q2 24
$4.5M
$28.6M
Q1 24
$604.0K
$22.2M
Free Cash Flow
MG
MG
PD
PD
Q4 25
$26.0M
$24.1M
Q3 25
$-4.1M
$33.1M
Q2 25
$-14.7M
$30.2M
Q1 25
$1.1M
$30.3M
Q4 24
$22.1M
$21.5M
Q3 24
$14.6M
$35.1M
Q2 24
$-284.0K
$28.2M
Q1 24
$-4.2M
$21.2M
FCF Margin
MG
MG
PD
PD
Q4 25
14.3%
19.3%
Q3 25
-2.1%
26.8%
Q2 25
-7.9%
25.2%
Q1 25
0.7%
24.9%
Q4 24
12.8%
18.1%
Q3 24
8.0%
30.3%
Q2 24
-0.1%
25.4%
Q1 24
-2.3%
19.1%
Capex Intensity
MG
MG
PD
PD
Q4 25
3.4%
0.6%
Q3 25
4.4%
0.7%
Q2 25
2.9%
0.4%
Q1 25
2.8%
0.9%
Q4 24
2.1%
0.5%
Q3 24
2.6%
0.5%
Q2 24
2.5%
0.4%
Q1 24
2.6%
0.9%
Cash Conversion
MG
MG
PD
PD
Q4 25
8.55×
0.15×
Q3 25
0.34×
3.55×
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
MG

Segment breakdown not available.

PD
PD

US$88.8M71%
Non Us$35.7M29%

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