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

Penguin Solutions, Inc. is the larger business by last-quarter revenue ($343.1M vs $181.5M, roughly 1.9× Mistras Group, Inc.). Mistras Group, Inc. runs the higher net margin — 2.1% vs 1.5%, a 0.5% gap on every dollar of revenue. On growth, Mistras Group, Inc. posted the faster year-over-year revenue change (5.1% vs 0.6%). Penguin Solutions, Inc. produced more free cash flow last quarter ($28.2M vs $26.0M). Over the past eight quarters, Penguin Solutions, Inc.'s revenue compounded faster (11.8% 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.

The Lampo Group, LLC, doing business as Ramsey Solutions, is an American company that provides products and services relating to personal finance, leadership development, interpersonal relationships, and professional development. Founded in 1991 by Dave Ramsey and his wife, Sharon, the company is based in Franklin, Tennessee.

MG vs PENG — Head-to-Head

Bigger by revenue
PENG
PENG
1.9× larger
PENG
$343.1M
$181.5M
MG
Growing faster (revenue YoY)
MG
MG
+4.5% gap
MG
5.1%
0.6%
PENG
Higher net margin
MG
MG
0.5% more per $
MG
2.1%
1.5%
PENG
More free cash flow
PENG
PENG
$2.2M more FCF
PENG
$28.2M
$26.0M
MG
Faster 2-yr revenue CAGR
PENG
PENG
Annualised
PENG
11.8%
-0.8%
MG

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
MG
MG
PENG
PENG
Revenue
$181.5M
$343.1M
Net Profit
$3.8M
$5.3M
Gross Margin
28.4%
28.0%
Operating Margin
7.0%
5.7%
Net Margin
2.1%
1.5%
Revenue YoY
5.1%
0.6%
Net Profit YoY
-27.4%
1.0%
EPS (diluted)
$0.12
$0.04

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
PENG
PENG
Q4 25
$181.5M
$343.1M
Q3 25
$195.5M
$337.9M
Q2 25
$185.4M
$324.3M
Q1 25
$161.6M
$365.5M
Q4 24
$172.7M
$341.1M
Q3 24
$182.7M
$284.8M
Q2 24
$189.8M
$300.6M
Q1 24
$184.4M
Net Profit
MG
MG
PENG
PENG
Q4 25
$3.8M
$5.3M
Q3 25
$13.1M
$9.4M
Q2 25
$3.0M
$2.7M
Q1 25
$-3.2M
$8.1M
Q4 24
$5.2M
$5.2M
Q3 24
$6.4M
Q2 24
$6.4M
$5.6M
Q1 24
$995.0K
Gross Margin
MG
MG
PENG
PENG
Q4 25
28.4%
28.0%
Q3 25
29.8%
28.6%
Q2 25
29.1%
29.3%
Q1 25
25.3%
28.6%
Q4 24
26.5%
28.7%
Q3 24
26.8%
28.8%
Q2 24
27.1%
29.6%
Q1 24
25.0%
Operating Margin
MG
MG
PENG
PENG
Q4 25
7.0%
5.7%
Q3 25
10.4%
3.7%
Q2 25
4.5%
3.0%
Q1 25
-0.6%
5.1%
Q4 24
6.1%
5.1%
Q3 24
6.5%
-1.2%
Q2 24
6.3%
3.8%
Q1 24
3.0%
Net Margin
MG
MG
PENG
PENG
Q4 25
2.1%
1.5%
Q3 25
6.7%
2.8%
Q2 25
1.6%
0.8%
Q1 25
-2.0%
2.2%
Q4 24
3.0%
1.5%
Q3 24
3.5%
Q2 24
3.4%
1.9%
Q1 24
0.5%
EPS (diluted)
MG
MG
PENG
PENG
Q4 25
$0.12
$0.04
Q3 25
$0.41
$0.10
Q2 25
$0.10
$-0.01
Q1 25
$-0.10
$0.09
Q4 24
$0.17
$0.10
Q3 24
$0.20
Q2 24
$0.20
$0.10
Q1 24
$0.03

Balance Sheet & Financial Strength

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

Metric
MG
MG
PENG
PENG
Cash + ST InvestmentsLiquidity on hand
$28.0M
$461.5M
Total DebtLower is stronger
$178.0M
$462.3M
Stockholders' EquityBook value
$235.1M
$389.7M
Total Assets
$578.8M
$1.6B
Debt / EquityLower = less leverage
0.76×
1.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MG
MG
PENG
PENG
Q4 25
$28.0M
$461.5M
Q3 25
$27.8M
$453.8M
Q2 25
$20.0M
$735.5M
Q1 25
$18.5M
$647.0M
Q4 24
$18.3M
$393.7M
Q3 24
$20.4M
$389.5M
Q2 24
$17.2M
$467.5M
Q1 24
$16.9M
Total Debt
MG
MG
PENG
PENG
Q4 25
$178.0M
$462.3M
Q3 25
$202.3M
$461.8M
Q2 25
$189.4M
$659.5M
Q1 25
$171.9M
$658.8M
Q4 24
$169.6M
$658.1M
Q3 24
$189.7M
$657.3M
Q2 24
$199.7M
$667.0M
Q1 24
$198.4M
Stockholders' Equity
MG
MG
PENG
PENG
Q4 25
$235.1M
$389.7M
Q3 25
$227.4M
$394.2M
Q2 25
$215.8M
$584.8M
Q1 25
$198.7M
$602.5M
Q4 24
$198.6M
$400.4M
Q3 24
$205.2M
$391.4M
Q2 24
$193.2M
$423.4M
Q1 24
$187.1M
Total Assets
MG
MG
PENG
PENG
Q4 25
$578.8M
$1.6B
Q3 25
$596.3M
$1.6B
Q2 25
$571.0M
$1.8B
Q1 25
$526.8M
$1.8B
Q4 24
$523.0M
$1.6B
Q3 24
$551.7M
$1.5B
Q2 24
$548.1M
$1.5B
Q1 24
$542.1M
Debt / Equity
MG
MG
PENG
PENG
Q4 25
0.76×
1.19×
Q3 25
0.89×
1.17×
Q2 25
0.88×
1.13×
Q1 25
0.87×
1.09×
Q4 24
0.85×
1.64×
Q3 24
0.92×
1.68×
Q2 24
1.03×
1.58×
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
PENG
PENG
Operating Cash FlowLast quarter
$32.1M
$31.1M
Free Cash FlowOCF − Capex
$26.0M
$28.2M
FCF MarginFCF / Revenue
14.3%
8.2%
Capex IntensityCapex / Revenue
3.4%
0.8%
Cash ConversionOCF / Net Profit
8.55×
5.89×
TTM Free Cash FlowTrailing 4 quarters
$8.3M
$116.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MG
MG
PENG
PENG
Q4 25
$32.1M
$31.1M
Q3 25
$4.5M
$-70.4M
Q2 25
$-9.3M
$92.8M
Q1 25
$5.6M
$72.9M
Q4 24
$25.7M
$13.8M
Q3 24
$19.4M
Q2 24
$4.5M
$57.9M
Q1 24
$604.0K
Free Cash Flow
MG
MG
PENG
PENG
Q4 25
$26.0M
$28.2M
Q3 25
$-4.1M
$-73.4M
Q2 25
$-14.7M
$90.9M
Q1 25
$1.1M
$70.5M
Q4 24
$22.1M
$12.0M
Q3 24
$14.6M
Q2 24
$-284.0K
$48.9M
Q1 24
$-4.2M
FCF Margin
MG
MG
PENG
PENG
Q4 25
14.3%
8.2%
Q3 25
-2.1%
-21.7%
Q2 25
-7.9%
28.0%
Q1 25
0.7%
19.3%
Q4 24
12.8%
3.5%
Q3 24
8.0%
Q2 24
-0.1%
16.3%
Q1 24
-2.3%
Capex Intensity
MG
MG
PENG
PENG
Q4 25
3.4%
0.8%
Q3 25
4.4%
0.9%
Q2 25
2.9%
0.6%
Q1 25
2.8%
0.6%
Q4 24
2.1%
0.5%
Q3 24
2.6%
Q2 24
2.5%
3.0%
Q1 24
2.6%
Cash Conversion
MG
MG
PENG
PENG
Q4 25
8.55×
5.89×
Q3 25
0.34×
-7.47×
Q2 25
-3.07×
34.88×
Q1 25
9.02×
Q4 24
4.96×
2.65×
Q3 24
3.02×
Q2 24
0.71×
10.30×
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.

PENG
PENG

Integrated Memory Segment$171.6M50%
Advanced Computing Segment$115.7M34%
Optimized LED Segment$55.7M16%

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