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Side-by-side financial comparison of Mistras Group, Inc. (MG) and BRC Group Holdings, Inc. (RILY). Click either name above to swap in a different company.
BRC Group Holdings, Inc. is the larger business by last-quarter revenue ($188.3M vs $181.5M, roughly 1.0× Mistras Group, Inc.). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs 2.1%, a 45.9% gap on every dollar of revenue. On growth, Mistras Group, Inc. posted the faster year-over-year revenue change (5.1% vs -21.9%). Over the past eight quarters, Mistras Group, Inc.'s revenue compounded faster (-0.8% CAGR vs -15.4%).
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.
MG vs RILY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $181.5M | $188.3M |
| Net Profit | $3.8M | $90.3M |
| Gross Margin | 28.4% | 79.5% |
| Operating Margin | 7.0% | 32.3% |
| Net Margin | 2.1% | 47.9% |
| Revenue YoY | 5.1% | -21.9% |
| Net Profit YoY | -27.4% | 1710.8% |
| EPS (diluted) | $0.12 | $2.78 |
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 | $188.3M | ||
| Q3 25 | $195.5M | $215.3M | ||
| Q2 25 | $185.4M | $188.2M | ||
| Q1 25 | $161.6M | $197.2M | ||
| Q4 24 | $172.7M | $241.0M | ||
| Q3 24 | $182.7M | $225.5M | ||
| Q2 24 | $189.8M | $256.0M | ||
| Q1 24 | $184.4M | $263.4M |
| Q4 25 | $3.8M | $90.3M | ||
| Q3 25 | $13.1M | $91.1M | ||
| Q2 25 | $3.0M | $139.5M | ||
| Q1 25 | $-3.2M | $-10.0M | ||
| Q4 24 | $5.2M | $-5.6M | ||
| Q3 24 | $6.4M | $-284.4M | ||
| Q2 24 | $6.4M | $-433.6M | ||
| Q1 24 | $995.0K | $-49.2M |
| Q4 25 | 28.4% | 79.5% | ||
| Q3 25 | 29.8% | 83.7% | ||
| Q2 25 | 29.1% | 81.3% | ||
| Q1 25 | 25.3% | 81.4% | ||
| Q4 24 | 26.5% | 79.8% | ||
| Q3 24 | 26.8% | 82.1% | ||
| Q2 24 | 27.1% | 84.5% | ||
| Q1 24 | 25.0% | 85.3% |
| Q4 25 | 7.0% | 32.3% | ||
| Q3 25 | 10.4% | 30.4% | ||
| Q2 25 | 4.5% | 5.7% | ||
| Q1 25 | -0.6% | -31.2% | ||
| Q4 24 | 6.1% | -69.2% | ||
| Q3 24 | 6.5% | -36.4% | ||
| Q2 24 | 6.3% | -90.8% | ||
| Q1 24 | 3.0% | -6.1% |
| Q4 25 | 2.1% | 47.9% | ||
| Q3 25 | 6.7% | 42.3% | ||
| Q2 25 | 1.6% | 74.1% | ||
| Q1 25 | -2.0% | -5.1% | ||
| Q4 24 | 3.0% | -2.3% | ||
| Q3 24 | 3.5% | -126.1% | ||
| Q2 24 | 3.4% | -169.4% | ||
| Q1 24 | 0.5% | -18.7% |
| Q4 25 | $0.12 | $2.78 | ||
| Q3 25 | $0.41 | $2.91 | ||
| Q2 25 | $0.10 | $4.50 | ||
| Q1 25 | $-0.10 | $-0.39 | ||
| Q4 24 | $0.17 | $-0.01 | ||
| Q3 24 | $0.20 | $-9.39 | ||
| Q2 24 | $0.20 | $-14.35 | ||
| Q1 24 | $0.03 | $-1.71 |
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 | $226.6M |
| Total DebtLower is stronger | $178.0M | $1.4B |
| Stockholders' EquityBook value | $235.1M | $-171.5M |
| Total Assets | $578.8M | $1.7B |
| Debt / EquityLower = less leverage | 0.76× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.0M | $226.6M | ||
| Q3 25 | $27.8M | $184.2M | ||
| Q2 25 | $20.0M | $267.4M | ||
| Q1 25 | $18.5M | $138.3M | ||
| Q4 24 | $18.3M | $146.9M | ||
| Q3 24 | $20.4M | $159.2M | ||
| Q2 24 | $17.2M | $236.9M | ||
| Q1 24 | $16.9M | $190.7M |
| Q4 25 | $178.0M | $1.4B | ||
| Q3 25 | $202.3M | $1.3B | ||
| Q2 25 | $189.4M | $1.3B | ||
| Q1 25 | $171.9M | $1.4B | ||
| Q4 24 | $169.6M | $1.5B | ||
| Q3 24 | $189.7M | — | ||
| Q2 24 | $199.7M | — | ||
| Q1 24 | $198.4M | — |
| Q4 25 | $235.1M | $-171.5M | ||
| Q3 25 | $227.4M | $-260.5M | ||
| Q2 25 | $215.8M | $-351.7M | ||
| Q1 25 | $198.7M | $-496.8M | ||
| Q4 24 | $198.6M | $-488.2M | ||
| Q3 24 | $205.2M | $-497.6M | ||
| Q2 24 | $193.2M | $-218.3M | ||
| Q1 24 | $187.1M | $228.4M |
| Q4 25 | $578.8M | $1.7B | ||
| Q3 25 | $596.3M | $1.7B | ||
| Q2 25 | $571.0M | $1.5B | ||
| Q1 25 | $526.8M | $1.5B | ||
| Q4 24 | $523.0M | $1.8B | ||
| Q3 24 | $551.7M | $2.2B | ||
| Q2 24 | $548.1M | $3.2B | ||
| Q1 24 | $542.1M | $5.0B |
| 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 | $26.2M |
| Free Cash FlowOCF − Capex | $26.0M | — |
| FCF MarginFCF / Revenue | 14.3% | — |
| Capex IntensityCapex / Revenue | 3.4% | — |
| Cash ConversionOCF / Net Profit | 8.55× | 0.29× |
| TTM Free Cash FlowTrailing 4 quarters | $8.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $32.1M | $26.2M | ||
| Q3 25 | $4.5M | $-60.6M | ||
| Q2 25 | $-9.3M | $-25.6M | ||
| Q1 25 | $5.6M | $184.0K | ||
| Q4 24 | $25.7M | $-2.7M | ||
| Q3 24 | $19.4M | $19.5M | ||
| Q2 24 | $4.5M | $111.5M | ||
| Q1 24 | $604.0K | $135.4M |
| Q4 25 | $26.0M | — | ||
| Q3 25 | $-4.1M | — | ||
| Q2 25 | $-14.7M | — | ||
| Q1 25 | $1.1M | — | ||
| Q4 24 | $22.1M | — | ||
| Q3 24 | $14.6M | — | ||
| Q2 24 | $-284.0K | — | ||
| Q1 24 | $-4.2M | — |
| Q4 25 | 14.3% | — | ||
| Q3 25 | -2.1% | — | ||
| Q2 25 | -7.9% | — | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 12.8% | — | ||
| Q3 24 | 8.0% | — | ||
| Q2 24 | -0.1% | — | ||
| Q1 24 | -2.3% | — |
| Q4 25 | 3.4% | — | ||
| Q3 25 | 4.4% | — | ||
| Q2 25 | 2.9% | — | ||
| Q1 25 | 2.8% | — | ||
| Q4 24 | 2.1% | — | ||
| Q3 24 | 2.6% | — | ||
| Q2 24 | 2.5% | — | ||
| Q1 24 | 2.6% | — |
| Q4 25 | 8.55× | 0.29× | ||
| Q3 25 | 0.34× | -0.66× | ||
| Q2 25 | -3.07× | -0.18× | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.96× | — | ||
| Q3 24 | 3.02× | — | ||
| Q2 24 | 0.71× | — | ||
| 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.
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
