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Side-by-side financial comparison of Mistras Group, Inc. (MG) and LiveRamp Holdings, Inc. (RAMP). Click either name above to swap in a different company.
LiveRamp Holdings, Inc. is the larger business by last-quarter revenue ($212.2M vs $181.5M, roughly 1.2× Mistras Group, Inc.). LiveRamp Holdings, Inc. runs the higher net margin — 18.8% vs 2.1%, a 16.7% gap on every dollar of revenue. On growth, LiveRamp Holdings, Inc. posted the faster year-over-year revenue change (8.6% vs 5.1%). Over the past eight quarters, LiveRamp Holdings, Inc.'s revenue compounded faster (11.1% 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.
LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.
MG vs RAMP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $181.5M | $212.2M |
| Net Profit | $3.8M | $39.9M |
| Gross Margin | 28.4% | 71.9% |
| Operating Margin | 7.0% | 18.6% |
| Net Margin | 2.1% | 18.8% |
| Revenue YoY | 5.1% | 8.6% |
| Net Profit YoY | -27.4% | 255.7% |
| 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 | $212.2M | ||
| Q3 25 | $195.5M | $199.8M | ||
| Q2 25 | $185.4M | $194.8M | ||
| Q1 25 | $161.6M | $188.7M | ||
| Q4 24 | $172.7M | $195.4M | ||
| Q3 24 | $182.7M | $185.5M | ||
| Q2 24 | $189.8M | $176.0M | ||
| Q1 24 | $184.4M | $171.9M |
| Q4 25 | $3.8M | $39.9M | ||
| Q3 25 | $13.1M | $27.4M | ||
| Q2 25 | $3.0M | $7.7M | ||
| Q1 25 | $-3.2M | $-6.3M | ||
| Q4 24 | $5.2M | $11.2M | ||
| Q3 24 | $6.4M | $1.7M | ||
| Q2 24 | $6.4M | $-7.5M | ||
| Q1 24 | $995.0K | $-5.4M |
| Q4 25 | 28.4% | 71.9% | ||
| Q3 25 | 29.8% | 70.2% | ||
| Q2 25 | 29.1% | 70.1% | ||
| Q1 25 | 25.3% | 69.3% | ||
| Q4 24 | 26.5% | 71.9% | ||
| Q3 24 | 26.8% | 72.4% | ||
| Q2 24 | 27.1% | 70.6% | ||
| Q1 24 | 25.0% | 72.2% |
| Q4 25 | 7.0% | 18.6% | ||
| Q3 25 | 10.4% | 10.7% | ||
| Q2 25 | 4.5% | 3.7% | ||
| Q1 25 | -0.6% | -6.1% | ||
| Q4 24 | 6.1% | 7.5% | ||
| Q3 24 | 6.5% | 4.0% | ||
| Q2 24 | 6.3% | -3.0% | ||
| Q1 24 | 3.0% | -8.3% |
| Q4 25 | 2.1% | 18.8% | ||
| Q3 25 | 6.7% | 13.7% | ||
| Q2 25 | 1.6% | 4.0% | ||
| Q1 25 | -2.0% | -3.3% | ||
| Q4 24 | 3.0% | 5.7% | ||
| Q3 24 | 3.5% | 0.9% | ||
| Q2 24 | 3.4% | -4.3% | ||
| Q1 24 | 0.5% | -3.1% |
| Q4 25 | $0.12 | $0.62 | ||
| Q3 25 | $0.41 | $0.42 | ||
| Q2 25 | $0.10 | $0.12 | ||
| Q1 25 | $-0.10 | $-0.10 | ||
| Q4 24 | $0.17 | $0.17 | ||
| Q3 24 | $0.20 | $0.03 | ||
| Q2 24 | $0.20 | $-0.11 | ||
| Q1 24 | $0.03 | $-0.09 |
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 | $403.4M |
| Total DebtLower is stronger | $178.0M | — |
| Stockholders' EquityBook value | $235.1M | $962.3M |
| Total Assets | $578.8M | $1.3B |
| Debt / EquityLower = less leverage | 0.76× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.0M | $403.4M | ||
| Q3 25 | $27.8M | $376.9M | ||
| Q2 25 | $20.0M | $371.1M | ||
| Q1 25 | $18.5M | $420.8M | ||
| Q4 24 | $18.3M | $384.3M | ||
| Q3 24 | $20.4M | $348.4M | ||
| Q2 24 | $17.2M | $342.7M | ||
| Q1 24 | $16.9M | $368.9M |
| 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 | $962.3M | ||
| Q3 25 | $227.4M | $943.8M | ||
| Q2 25 | $215.8M | $947.8M | ||
| Q1 25 | $198.7M | $948.9M | ||
| Q4 24 | $198.6M | $957.7M | ||
| Q3 24 | $205.2M | $932.1M | ||
| Q2 24 | $193.2M | $951.9M | ||
| Q1 24 | $187.1M | $949.1M |
| Q4 25 | $578.8M | $1.3B | ||
| Q3 25 | $596.3M | $1.2B | ||
| Q2 25 | $571.0M | $1.2B | ||
| Q1 25 | $526.8M | $1.3B | ||
| Q4 24 | $523.0M | $1.3B | ||
| Q3 24 | $551.7M | $1.2B | ||
| Q2 24 | $548.1M | $1.2B | ||
| Q1 24 | $542.1M | $1.2B |
| 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 | — |
| Free Cash FlowOCF − Capex | $26.0M | — |
| FCF MarginFCF / Revenue | 14.3% | — |
| Capex IntensityCapex / Revenue | 3.4% | 0.1% |
| Cash ConversionOCF / Net Profit | 8.55× | — |
| TTM Free Cash FlowTrailing 4 quarters | $8.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $32.1M | — | ||
| Q3 25 | $4.5M | $57.4M | ||
| Q2 25 | $-9.3M | $-15.8M | ||
| Q1 25 | $5.6M | — | ||
| Q4 24 | $25.7M | $45.1M | ||
| Q3 24 | $19.4M | $55.6M | ||
| Q2 24 | $4.5M | $-9.3M | ||
| Q1 24 | $604.0K | — |
| Q4 25 | $26.0M | — | ||
| Q3 25 | $-4.1M | $56.8M | ||
| Q2 25 | $-14.7M | $-16.2M | ||
| Q1 25 | $1.1M | — | ||
| Q4 24 | $22.1M | $44.8M | ||
| Q3 24 | $14.6M | $55.4M | ||
| Q2 24 | $-284.0K | $-9.6M | ||
| Q1 24 | $-4.2M | — |
| Q4 25 | 14.3% | — | ||
| Q3 25 | -2.1% | 28.4% | ||
| Q2 25 | -7.9% | -8.3% | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 12.8% | 22.9% | ||
| Q3 24 | 8.0% | 29.8% | ||
| Q2 24 | -0.1% | -5.4% | ||
| Q1 24 | -2.3% | — |
| Q4 25 | 3.4% | 0.1% | ||
| Q3 25 | 4.4% | 0.3% | ||
| Q2 25 | 2.9% | 0.2% | ||
| Q1 25 | 2.8% | 0.2% | ||
| Q4 24 | 2.1% | 0.1% | ||
| Q3 24 | 2.6% | 0.1% | ||
| Q2 24 | 2.5% | 0.1% | ||
| Q1 24 | 2.6% | 1.0% |
| Q4 25 | 8.55× | — | ||
| Q3 25 | 0.34× | 2.09× | ||
| Q2 25 | -3.07× | -2.04× | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.96× | 4.02× | ||
| Q3 24 | 3.02× | 32.10× | ||
| Q2 24 | 0.71× | — | ||
| Q1 24 | 0.61× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
