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Side-by-side financial comparison of Mistras Group, Inc. (MG) and Palomar Holdings, Inc. (PLMR). Click either name above to swap in a different company.
Palomar Holdings, Inc. is the larger business by last-quarter revenue ($253.4M vs $181.5M, roughly 1.4× Mistras Group, Inc.). On growth, Palomar Holdings, Inc. posted the faster year-over-year revenue change (62.7% vs 5.1%). Palomar Holdings, Inc. produced more free cash flow last quarter ($409.0M vs $26.0M). Over the past eight quarters, Palomar Holdings, Inc.'s revenue compounded faster (46.2% 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.
Palomar Holdings, Inc. is a specialty insurance holding company that primarily provides property insurance products for catastrophe-exposed residential and commercial assets. It mainly operates across the United States, focusing on core segments including earthquake, flood, and windstorm coverage to meet high-risk property protection demands of customers.
MG vs PLMR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $181.5M | $253.4M |
| Net Profit | $3.8M | — |
| Gross Margin | 28.4% | — |
| Operating Margin | 7.0% | 28.7% |
| Net Margin | 2.1% | — |
| Revenue YoY | 5.1% | 62.7% |
| Net Profit YoY | -27.4% | — |
| EPS (diluted) | $0.12 | $2.05 |
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.
| Q4 25 | $181.5M | $253.4M | ||
| Q3 25 | $195.5M | $244.7M | ||
| Q2 25 | $185.4M | $203.3M | ||
| Q1 25 | $161.6M | $174.6M | ||
| Q4 24 | $172.7M | $155.8M | ||
| Q3 24 | $182.7M | $148.5M | ||
| Q2 24 | $189.8M | $131.1M | ||
| Q1 24 | $184.4M | $118.5M |
| Q4 25 | $3.8M | — | ||
| Q3 25 | $13.1M | $51.5M | ||
| Q2 25 | $3.0M | $46.5M | ||
| Q1 25 | $-3.2M | $42.9M | ||
| Q4 24 | $5.2M | — | ||
| Q3 24 | $6.4M | $30.5M | ||
| Q2 24 | $6.4M | $25.7M | ||
| Q1 24 | $995.0K | $26.4M |
| 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 24 | 25.0% | — |
| Q4 25 | 7.0% | 28.7% | ||
| Q3 25 | 10.4% | 27.4% | ||
| Q2 25 | 4.5% | 29.5% | ||
| Q1 25 | -0.6% | 30.8% | ||
| Q4 24 | 6.1% | 28.9% | ||
| Q3 24 | 6.5% | 25.9% | ||
| Q2 24 | 6.3% | 25.5% | ||
| Q1 24 | 3.0% | 29.0% |
| Q4 25 | 2.1% | — | ||
| Q3 25 | 6.7% | 21.0% | ||
| Q2 25 | 1.6% | 22.9% | ||
| Q1 25 | -2.0% | 24.6% | ||
| Q4 24 | 3.0% | — | ||
| Q3 24 | 3.5% | 20.5% | ||
| Q2 24 | 3.4% | 19.6% | ||
| Q1 24 | 0.5% | 22.3% |
| Q4 25 | $0.12 | $2.05 | ||
| Q3 25 | $0.41 | $1.87 | ||
| Q2 25 | $0.10 | $1.68 | ||
| Q1 25 | $-0.10 | $1.57 | ||
| Q4 24 | $0.17 | $1.29 | ||
| Q3 24 | $0.20 | $1.15 | ||
| Q2 24 | $0.20 | $1.00 | ||
| Q1 24 | $0.03 | $1.04 |
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 | $106.9M |
| Total DebtLower is stronger | $178.0M | — |
| Stockholders' EquityBook value | $235.1M | $942.7M |
| Total Assets | $578.8M | $3.1B |
| Debt / EquityLower = less leverage | 0.76× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.0M | $106.9M | ||
| Q3 25 | $27.8M | $111.7M | ||
| Q2 25 | $20.0M | $81.3M | ||
| Q1 25 | $18.5M | $119.3M | ||
| Q4 24 | $18.3M | $80.4M | ||
| Q3 24 | $20.4M | $86.5M | ||
| Q2 24 | $17.2M | $47.8M | ||
| Q1 24 | $16.9M | $61.4M |
| 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 | $942.7M | ||
| Q3 25 | $227.4M | $878.1M | ||
| Q2 25 | $215.8M | $847.2M | ||
| Q1 25 | $198.7M | $790.4M | ||
| Q4 24 | $198.6M | $729.0M | ||
| Q3 24 | $205.2M | $703.3M | ||
| Q2 24 | $193.2M | $532.6M | ||
| Q1 24 | $187.1M | $501.7M |
| Q4 25 | $578.8M | $3.1B | ||
| Q3 25 | $596.3M | $2.9B | ||
| Q2 25 | $571.0M | $2.8B | ||
| Q1 25 | $526.8M | $2.4B | ||
| Q4 24 | $523.0M | $2.3B | ||
| Q3 24 | $551.7M | $2.3B | ||
| 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 | $409.1M |
| Free Cash FlowOCF − Capex | $26.0M | $409.0M |
| FCF MarginFCF / Revenue | 14.3% | 161.4% |
| Capex IntensityCapex / Revenue | 3.4% | 0.1% |
| Cash ConversionOCF / Net Profit | 8.55× | — |
| TTM Free Cash FlowTrailing 4 quarters | $8.3M | $700.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $32.1M | $409.1M | ||
| Q3 25 | $4.5M | $83.6M | ||
| Q2 25 | $-9.3M | $120.9M | ||
| Q1 25 | $5.6M | $87.2M | ||
| Q4 24 | $25.7M | $261.2M | ||
| Q3 24 | $19.4M | $100.3M | ||
| Q2 24 | $4.5M | $55.1M | ||
| Q1 24 | $604.0K | $33.1M |
| Q4 25 | $26.0M | $409.0M | ||
| Q3 25 | $-4.1M | $83.6M | ||
| Q2 25 | $-14.7M | $120.8M | ||
| Q1 25 | $1.1M | $87.1M | ||
| Q4 24 | $22.1M | $260.9M | ||
| Q3 24 | $14.6M | $100.1M | ||
| Q2 24 | $-284.0K | — | ||
| Q1 24 | $-4.2M | — |
| Q4 25 | 14.3% | 161.4% | ||
| Q3 25 | -2.1% | 34.2% | ||
| Q2 25 | -7.9% | 59.4% | ||
| Q1 25 | 0.7% | 49.9% | ||
| Q4 24 | 12.8% | 167.5% | ||
| Q3 24 | 8.0% | 67.4% | ||
| Q2 24 | -0.1% | — | ||
| Q1 24 | -2.3% | — |
| Q4 25 | 3.4% | 0.1% | ||
| Q3 25 | 4.4% | 0.0% | ||
| Q2 25 | 2.9% | 0.0% | ||
| Q1 25 | 2.8% | 0.0% | ||
| Q4 24 | 2.1% | 0.2% | ||
| Q3 24 | 2.6% | 0.1% | ||
| Q2 24 | 2.5% | 0.0% | ||
| Q1 24 | 2.6% | 0.0% |
| Q4 25 | 8.55× | — | ||
| Q3 25 | 0.34× | 1.63× | ||
| Q2 25 | -3.07× | 2.60× | ||
| Q1 25 | — | 2.03× | ||
| Q4 24 | 4.96× | — | ||
| Q3 24 | 3.02× | 3.29× | ||
| Q2 24 | 0.71× | 2.14× | ||
| Q1 24 | 0.61× | 1.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
