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Side-by-side financial comparison of Mistras Group, Inc. (MG) and CPI Card Group Inc. (PMTS). Click either name above to swap in a different company.
Mistras Group, Inc. is the larger business by last-quarter revenue ($181.5M vs $153.1M, roughly 1.2× CPI Card Group Inc.). CPI Card Group Inc. runs the higher net margin — 4.8% vs 2.1%, a 2.7% gap on every dollar of revenue. On growth, CPI Card Group Inc. posted the faster year-over-year revenue change (22.3% vs 5.1%). CPI Card Group Inc. produced more free cash flow last quarter ($35.2M vs $26.0M). Over the past eight quarters, CPI Card Group Inc.'s revenue compounded faster (16.9% 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.
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
MG vs PMTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $181.5M | $153.1M |
| Net Profit | $3.8M | $7.3M |
| Gross Margin | 28.4% | 31.5% |
| Operating Margin | 7.0% | 12.0% |
| Net Margin | 2.1% | 4.8% |
| Revenue YoY | 5.1% | 22.3% |
| Net Profit YoY | -27.4% | 8.5% |
| EPS (diluted) | $0.12 | $0.62 |
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 | $153.1M | ||
| Q3 25 | $195.5M | $138.0M | ||
| Q2 25 | $185.4M | $129.8M | ||
| Q1 25 | $161.6M | $122.8M | ||
| Q4 24 | $172.7M | $125.1M | ||
| Q3 24 | $182.7M | $124.8M | ||
| Q2 24 | $189.8M | $118.8M | ||
| Q1 24 | $184.4M | $111.9M |
| Q4 25 | $3.8M | $7.3M | ||
| Q3 25 | $13.1M | $2.3M | ||
| Q2 25 | $3.0M | $518.0K | ||
| Q1 25 | $-3.2M | $4.8M | ||
| Q4 24 | $5.2M | $6.8M | ||
| Q3 24 | $6.4M | $1.3M | ||
| Q2 24 | $6.4M | $6.0M | ||
| Q1 24 | $995.0K | $5.5M |
| Q4 25 | 28.4% | 31.5% | ||
| Q3 25 | 29.8% | 29.7% | ||
| Q2 25 | 29.1% | 30.9% | ||
| Q1 25 | 25.3% | 33.2% | ||
| Q4 24 | 26.5% | 34.1% | ||
| Q3 24 | 26.8% | 35.8% | ||
| Q2 24 | 27.1% | 35.7% | ||
| Q1 24 | 25.0% | 37.1% |
| Q4 25 | 7.0% | 12.0% | ||
| Q3 25 | 10.4% | 9.4% | ||
| Q2 25 | 4.5% | 7.3% | ||
| Q1 25 | -0.6% | 11.5% | ||
| Q4 24 | 6.1% | 12.7% | ||
| Q3 24 | 6.5% | 14.3% | ||
| Q2 24 | 6.3% | 12.5% | ||
| Q1 24 | 3.0% | 12.6% |
| Q4 25 | 2.1% | 4.8% | ||
| Q3 25 | 6.7% | 1.7% | ||
| Q2 25 | 1.6% | 0.4% | ||
| Q1 25 | -2.0% | 3.9% | ||
| Q4 24 | 3.0% | 5.4% | ||
| Q3 24 | 3.5% | 1.0% | ||
| Q2 24 | 3.4% | 5.1% | ||
| Q1 24 | 0.5% | 4.9% |
| Q4 25 | $0.12 | $0.62 | ||
| Q3 25 | $0.41 | $0.19 | ||
| Q2 25 | $0.10 | $0.04 | ||
| Q1 25 | $-0.10 | $0.40 | ||
| Q4 24 | $0.17 | $0.56 | ||
| Q3 24 | $0.20 | $0.11 | ||
| Q2 24 | $0.20 | $0.51 | ||
| Q1 24 | $0.03 | $0.46 |
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 | $21.7M |
| Total DebtLower is stronger | $178.0M | $286.7M |
| Stockholders' EquityBook value | $235.1M | $-17.3M |
| Total Assets | $578.8M | $403.2M |
| Debt / EquityLower = less leverage | 0.76× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.0M | $21.7M | ||
| Q3 25 | $27.8M | $16.0M | ||
| Q2 25 | $20.0M | $17.1M | ||
| Q1 25 | $18.5M | $31.5M | ||
| Q4 24 | $18.3M | $33.5M | ||
| Q3 24 | $20.4M | $14.7M | ||
| Q2 24 | $17.2M | $7.5M | ||
| Q1 24 | $16.9M | $17.1M |
| Q4 25 | $178.0M | $286.7M | ||
| Q3 25 | $202.3M | $308.4M | ||
| Q2 25 | $189.4M | $310.9M | ||
| Q1 25 | $171.9M | $280.7M | ||
| Q4 24 | $169.6M | $280.4M | ||
| Q3 24 | $189.7M | $280.2M | ||
| Q2 24 | $199.7M | $269.7M | ||
| Q1 24 | $198.4M | $265.3M |
| Q4 25 | $235.1M | $-17.3M | ||
| Q3 25 | $227.4M | $-25.7M | ||
| Q2 25 | $215.8M | $-29.0M | ||
| Q1 25 | $198.7M | $-29.7M | ||
| Q4 24 | $198.6M | $-35.6M | ||
| Q3 24 | $205.2M | $-42.8M | ||
| Q2 24 | $193.2M | $-44.6M | ||
| Q1 24 | $187.1M | $-48.5M |
| Q4 25 | $578.8M | $403.2M | ||
| Q3 25 | $596.3M | $407.1M | ||
| Q2 25 | $571.0M | $399.8M | ||
| Q1 25 | $526.8M | $351.9M | ||
| Q4 24 | $523.0M | $349.7M | ||
| Q3 24 | $551.7M | $342.3M | ||
| Q2 24 | $548.1M | $321.4M | ||
| Q1 24 | $542.1M | $319.8M |
| 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 | $39.6M |
| Free Cash FlowOCF − Capex | $26.0M | $35.2M |
| FCF MarginFCF / Revenue | 14.3% | 23.0% |
| Capex IntensityCapex / Revenue | 3.4% | 2.9% |
| Cash ConversionOCF / Net Profit | 8.55× | 5.39× |
| TTM Free Cash FlowTrailing 4 quarters | $8.3M | $41.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $32.1M | $39.6M | ||
| Q3 25 | $4.5M | $10.0M | ||
| Q2 25 | $-9.3M | $4.3M | ||
| Q1 25 | $5.6M | $5.6M | ||
| Q4 24 | $25.7M | $26.7M | ||
| Q3 24 | $19.4M | $12.5M | ||
| Q2 24 | $4.5M | $-4.8M | ||
| Q1 24 | $604.0K | $8.9M |
| Q4 25 | $26.0M | $35.2M | ||
| Q3 25 | $-4.1M | $5.3M | ||
| Q2 25 | $-14.7M | $533.0K | ||
| Q1 25 | $1.1M | $292.0K | ||
| Q4 24 | $22.1M | $21.6M | ||
| Q3 24 | $14.6M | $11.1M | ||
| Q2 24 | $-284.0K | $-6.0M | ||
| Q1 24 | $-4.2M | $7.4M |
| Q4 25 | 14.3% | 23.0% | ||
| Q3 25 | -2.1% | 3.8% | ||
| Q2 25 | -7.9% | 0.4% | ||
| Q1 25 | 0.7% | 0.2% | ||
| Q4 24 | 12.8% | 17.3% | ||
| Q3 24 | 8.0% | 8.9% | ||
| Q2 24 | -0.1% | -5.0% | ||
| Q1 24 | -2.3% | 6.6% |
| Q4 25 | 3.4% | 2.9% | ||
| Q3 25 | 4.4% | 3.4% | ||
| Q2 25 | 2.9% | 2.9% | ||
| Q1 25 | 2.8% | 4.3% | ||
| Q4 24 | 2.1% | 4.0% | ||
| Q3 24 | 2.6% | 1.2% | ||
| Q2 24 | 2.5% | 1.0% | ||
| Q1 24 | 2.6% | 1.3% |
| Q4 25 | 8.55× | 5.39× | ||
| Q3 25 | 0.34× | 4.32× | ||
| Q2 25 | -3.07× | 8.39× | ||
| Q1 25 | — | 1.17× | ||
| Q4 24 | 4.96× | 3.94× | ||
| Q3 24 | 3.02× | 9.70× | ||
| Q2 24 | 0.71× | -0.79× | ||
| Q1 24 | 0.61× | 1.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MG
Segment breakdown not available.
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
