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Side-by-side financial comparison of Mistras Group, Inc. (MG) and Piedmont Realty Trust, Inc. (PDM). Click either name above to swap in a different company.
Mistras Group, Inc. is the larger business by last-quarter revenue ($181.5M vs $143.3M, roughly 1.3× Piedmont Realty Trust, Inc.). Mistras Group, Inc. runs the higher net margin — 2.1% vs -31.4%, a 33.5% gap on every dollar of revenue. On growth, Mistras Group, Inc. posted the faster year-over-year revenue change (5.1% vs 0.4%). Over the past eight quarters, Piedmont Realty Trust, Inc.'s revenue compounded faster (0.0% 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.
Piedmont Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality office properties primarily located in high-growth metropolitan areas across the United States. It serves corporate tenants across multiple industry sectors including technology, professional services, and healthcare, and pursues stable long-term returns for stakeholders via strategic property management and portfolio optimization.
MG vs PDM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $181.5M | $143.3M |
| Net Profit | $3.8M | $-45.0M |
| Gross Margin | 28.4% | — |
| Operating Margin | 7.0% | — |
| Net Margin | 2.1% | -31.4% |
| Revenue YoY | 5.1% | 0.4% |
| Net Profit YoY | -27.4% | -27.9% |
| EPS (diluted) | $0.12 | $-0.10 |
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.
| Q1 26 | — | $143.3M | ||
| Q4 25 | $181.5M | $142.9M | ||
| Q3 25 | $195.5M | $139.2M | ||
| Q2 25 | $185.4M | $140.3M | ||
| Q1 25 | $161.6M | $142.7M | ||
| Q4 24 | $172.7M | $143.2M | ||
| Q3 24 | $182.7M | $139.3M | ||
| Q2 24 | $189.8M | $143.3M |
| Q1 26 | — | $-45.0M | ||
| Q4 25 | $3.8M | $-43.2M | ||
| Q3 25 | $13.1M | $-13.5M | ||
| Q2 25 | $3.0M | $-16.8M | ||
| Q1 25 | $-3.2M | $-10.1M | ||
| Q4 24 | $5.2M | $-30.0M | ||
| Q3 24 | $6.4M | $-11.5M | ||
| Q2 24 | $6.4M | $-9.8M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | -31.4% | ||
| Q4 25 | 2.1% | -30.3% | ||
| Q3 25 | 6.7% | -9.7% | ||
| Q2 25 | 1.6% | -12.0% | ||
| Q1 25 | -2.0% | -7.1% | ||
| Q4 24 | 3.0% | -20.9% | ||
| Q3 24 | 3.5% | -8.3% | ||
| Q2 24 | 3.4% | -6.8% |
| Q1 26 | — | $-0.10 | ||
| Q4 25 | $0.12 | $-0.34 | ||
| Q3 25 | $0.41 | $-0.11 | ||
| Q2 25 | $0.10 | $-0.14 | ||
| Q1 25 | $-0.10 | $-0.08 | ||
| Q4 24 | $0.17 | $-0.25 | ||
| Q3 24 | $0.20 | $-0.09 | ||
| Q2 24 | $0.20 | $-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 | $2.3M |
| Total DebtLower is stronger | $178.0M | — |
| Stockholders' EquityBook value | $235.1M | $1.5B |
| Total Assets | $578.8M | $4.0B |
| Debt / EquityLower = less leverage | 0.76× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.3M | ||
| Q4 25 | $28.0M | $731.0K | ||
| Q3 25 | $27.8M | $3.0M | ||
| Q2 25 | $20.0M | $3.3M | ||
| Q1 25 | $18.5M | $2.9M | ||
| Q4 24 | $18.3M | $109.6M | ||
| Q3 24 | $20.4M | $133.6M | ||
| Q2 24 | $17.2M | $138.5M |
| Q1 26 | — | — | ||
| Q4 25 | $178.0M | $2.2B | ||
| Q3 25 | $202.3M | $2.2B | ||
| Q2 25 | $189.4M | $2.2B | ||
| Q1 25 | $171.9M | $2.2B | ||
| Q4 24 | $169.6M | $2.2B | ||
| Q3 24 | $189.7M | $2.2B | ||
| Q2 24 | $199.7M | $2.2B |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $235.1M | $1.5B | ||
| Q3 25 | $227.4M | $1.5B | ||
| Q2 25 | $215.8M | $1.5B | ||
| Q1 25 | $198.7M | $1.6B | ||
| Q4 24 | $198.6M | $1.6B | ||
| Q3 24 | $205.2M | $1.6B | ||
| Q2 24 | $193.2M | $1.7B |
| Q1 26 | — | $4.0B | ||
| Q4 25 | $578.8M | $4.0B | ||
| Q3 25 | $596.3M | $4.0B | ||
| Q2 25 | $571.0M | $4.0B | ||
| Q1 25 | $526.8M | $4.0B | ||
| Q4 24 | $523.0M | $4.1B | ||
| Q3 24 | $551.7M | $4.1B | ||
| Q2 24 | $548.1M | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | 0.76× | 1.49× | ||
| Q3 25 | 0.89× | 1.43× | ||
| Q2 25 | 0.88× | 1.41× | ||
| Q1 25 | 0.87× | 1.40× | ||
| Q4 24 | 0.85× | 1.40× | ||
| Q3 24 | 0.92× | 1.36× | ||
| Q2 24 | 1.03× | 1.34× |
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 | — |
| Free Cash FlowOCF − Capex | $26.0M | — |
| FCF MarginFCF / Revenue | 14.3% | — |
| Capex IntensityCapex / Revenue | 3.4% | 110.3% |
| Cash ConversionOCF / Net Profit | 8.55× | — |
| TTM Free Cash FlowTrailing 4 quarters | $8.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $32.1M | $140.6M | ||
| Q3 25 | $4.5M | $35.8M | ||
| Q2 25 | $-9.3M | $50.1M | ||
| Q1 25 | $5.6M | $3.7M | ||
| Q4 24 | $25.7M | $198.1M | ||
| Q3 24 | $19.4M | $42.9M | ||
| Q2 24 | $4.5M | $66.8M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | 110.3% | ||
| 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 26 | — | — | ||
| 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× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
