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Side-by-side financial comparison of Mistras Group, Inc. (MG) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
Mistras Group, Inc. is the larger business by last-quarter revenue ($181.5M vs $140.7M, roughly 1.3× Purple Innovation, Inc.). Mistras Group, Inc. runs the higher net margin — 2.1% vs -2.3%, a 4.4% gap on every dollar of revenue. On growth, Purple Innovation, Inc. posted the faster year-over-year revenue change (9.1% vs 5.1%). Mistras Group, Inc. produced more free cash flow last quarter ($26.0M vs $-7.8M). Over the past eight quarters, Purple Innovation, Inc.'s revenue compounded faster (8.3% 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.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
MG vs PRPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $181.5M | $140.7M |
| Net Profit | $3.8M | $-3.2M |
| Gross Margin | 28.4% | 41.9% |
| Operating Margin | 7.0% | -1.6% |
| Net Margin | 2.1% | -2.3% |
| Revenue YoY | 5.1% | 9.1% |
| Net Profit YoY | -27.4% | 62.1% |
| EPS (diluted) | $0.12 | $0.03 |
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 | $140.7M | ||
| Q3 25 | $195.5M | $118.8M | ||
| Q2 25 | $185.4M | $105.1M | ||
| Q1 25 | $161.6M | $104.2M | ||
| Q4 24 | $172.7M | $129.0M | ||
| Q3 24 | $182.7M | $118.6M | ||
| Q2 24 | $189.8M | $120.3M | ||
| Q1 24 | $184.4M | $120.0M |
| Q4 25 | $3.8M | $-3.2M | ||
| Q3 25 | $13.1M | $-11.7M | ||
| Q2 25 | $3.0M | $-17.3M | ||
| Q1 25 | $-3.2M | $-19.1M | ||
| Q4 24 | $5.2M | $-8.5M | ||
| Q3 24 | $6.4M | $-39.2M | ||
| Q2 24 | $6.4M | $27.0K | ||
| Q1 24 | $995.0K | $-50.2M |
| Q4 25 | 28.4% | 41.9% | ||
| Q3 25 | 29.8% | 42.8% | ||
| Q2 25 | 29.1% | 35.9% | ||
| Q1 25 | 25.3% | 39.4% | ||
| Q4 24 | 26.5% | 42.9% | ||
| Q3 24 | 26.8% | 29.7% | ||
| Q2 24 | 27.1% | 40.7% | ||
| Q1 24 | 25.0% | 34.8% |
| Q4 25 | 7.0% | -1.6% | ||
| Q3 25 | 10.4% | -10.2% | ||
| Q2 25 | 4.5% | -13.5% | ||
| Q1 25 | -0.6% | -13.9% | ||
| Q4 24 | 6.1% | -6.0% | ||
| Q3 24 | 6.5% | -39.5% | ||
| Q2 24 | 6.3% | -12.1% | ||
| Q1 24 | 3.0% | -19.3% |
| Q4 25 | 2.1% | -2.3% | ||
| Q3 25 | 6.7% | -9.9% | ||
| Q2 25 | 1.6% | -16.5% | ||
| Q1 25 | -2.0% | -18.4% | ||
| Q4 24 | 3.0% | -6.6% | ||
| Q3 24 | 3.5% | -33.1% | ||
| Q2 24 | 3.4% | 0.0% | ||
| Q1 24 | 0.5% | -41.8% |
| Q4 25 | $0.12 | $0.03 | ||
| Q3 25 | $0.41 | $0.11 | ||
| Q2 25 | $0.10 | $0.16 | ||
| Q1 25 | $-0.10 | $0.18 | ||
| Q4 24 | $0.17 | $0.08 | ||
| Q3 24 | $0.20 | $0.36 | ||
| Q2 24 | $0.20 | $0.00 | ||
| Q1 24 | $0.03 | $0.47 |
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 | $24.3M |
| Total DebtLower is stronger | $178.0M | $126.7M |
| Stockholders' EquityBook value | $235.1M | $-29.7M |
| Total Assets | $578.8M | $296.3M |
| Debt / EquityLower = less leverage | 0.76× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.0M | $24.3M | ||
| Q3 25 | $27.8M | $32.4M | ||
| Q2 25 | $20.0M | $34.2M | ||
| Q1 25 | $18.5M | $21.6M | ||
| Q4 24 | $18.3M | $29.0M | ||
| Q3 24 | $20.4M | $23.4M | ||
| Q2 24 | $17.2M | $23.4M | ||
| Q1 24 | $16.9M | $34.5M |
| Q4 25 | $178.0M | $126.7M | ||
| Q3 25 | $202.3M | — | ||
| Q2 25 | $189.4M | — | ||
| Q1 25 | $171.9M | — | ||
| Q4 24 | $169.6M | $70.7M | ||
| Q3 24 | $189.7M | $50.8M | ||
| Q2 24 | $199.7M | — | ||
| Q1 24 | $198.4M | — |
| Q4 25 | $235.1M | $-29.7M | ||
| Q3 25 | $227.4M | $-26.9M | ||
| Q2 25 | $215.8M | $-15.6M | ||
| Q1 25 | $198.7M | $1.3M | ||
| Q4 24 | $198.6M | $20.2M | ||
| Q3 24 | $205.2M | $28.0M | ||
| Q2 24 | $193.2M | $66.4M | ||
| Q1 24 | $187.1M | $65.5M |
| Q4 25 | $578.8M | $296.3M | ||
| Q3 25 | $596.3M | $302.1M | ||
| Q2 25 | $571.0M | $303.8M | ||
| Q1 25 | $526.8M | $293.8M | ||
| Q4 24 | $523.0M | $307.8M | ||
| Q3 24 | $551.7M | $309.3M | ||
| Q2 24 | $548.1M | $362.1M | ||
| Q1 24 | $542.1M | $382.1M |
| Q4 25 | 0.76× | — | ||
| Q3 25 | 0.89× | — | ||
| Q2 25 | 0.88× | — | ||
| Q1 25 | 0.87× | — | ||
| Q4 24 | 0.85× | 3.50× | ||
| Q3 24 | 0.92× | 1.82× | ||
| 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 | $-5.8M |
| Free Cash FlowOCF − Capex | $26.0M | $-7.8M |
| FCF MarginFCF / Revenue | 14.3% | -5.5% |
| Capex IntensityCapex / Revenue | 3.4% | 1.4% |
| Cash ConversionOCF / Net Profit | 8.55× | — |
| TTM Free Cash FlowTrailing 4 quarters | $8.3M | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $32.1M | $-5.8M | ||
| Q3 25 | $4.5M | $-968.0K | ||
| Q2 25 | $-9.3M | $-4.0M | ||
| Q1 25 | $5.6M | $-23.1M | ||
| Q4 24 | $25.7M | $6.8M | ||
| Q3 24 | $19.4M | $1.1M | ||
| Q2 24 | $4.5M | $-8.9M | ||
| Q1 24 | $604.0K | $-16.8M |
| Q4 25 | $26.0M | $-7.8M | ||
| Q3 25 | $-4.1M | $-1.8M | ||
| Q2 25 | $-14.7M | $-7.0M | ||
| Q1 25 | $1.1M | $-25.3M | ||
| Q4 24 | $22.1M | $5.7M | ||
| Q3 24 | $14.6M | $101.0K | ||
| Q2 24 | $-284.0K | $-11.0M | ||
| Q1 24 | $-4.2M | $-19.9M |
| Q4 25 | 14.3% | -5.5% | ||
| Q3 25 | -2.1% | -1.5% | ||
| Q2 25 | -7.9% | -6.6% | ||
| Q1 25 | 0.7% | -24.3% | ||
| Q4 24 | 12.8% | 4.4% | ||
| Q3 24 | 8.0% | 0.1% | ||
| Q2 24 | -0.1% | -9.2% | ||
| Q1 24 | -2.3% | -16.5% |
| Q4 25 | 3.4% | 1.4% | ||
| Q3 25 | 4.4% | 0.7% | ||
| Q2 25 | 2.9% | 2.8% | ||
| Q1 25 | 2.8% | 2.2% | ||
| Q4 24 | 2.1% | 0.8% | ||
| Q3 24 | 2.6% | 0.9% | ||
| Q2 24 | 2.5% | 1.7% | ||
| Q1 24 | 2.6% | 2.5% |
| 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× | -330.22× | ||
| Q1 24 | 0.61× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MG
Segment breakdown not available.
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
