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Side-by-side financial comparison of Mistras Group, Inc. (MG) and ROGERS CORP (ROG). Click either name above to swap in a different company.

ROGERS CORP is the larger business by last-quarter revenue ($200.5M vs $181.5M, roughly 1.1× Mistras Group, Inc.). ROGERS CORP runs the higher net margin — 2.2% vs 2.1%, a 0.2% gap on every dollar of revenue. On growth, ROGERS CORP posted the faster year-over-year revenue change (5.2% vs 5.1%). Mistras Group, Inc. produced more free cash flow last quarter ($26.0M vs $1.1M). Over the past eight quarters, Mistras Group, Inc.'s revenue compounded faster (-0.8% CAGR vs -3.3%).

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.

Rogers Corporation is a specialty engineered materials company headquartered in Chandler, Arizona.

MG vs ROG — Head-to-Head

Bigger by revenue
ROG
ROG
1.1× larger
ROG
$200.5M
$181.5M
MG
Growing faster (revenue YoY)
ROG
ROG
+0.2% gap
ROG
5.2%
5.1%
MG
Higher net margin
ROG
ROG
0.2% more per $
ROG
2.2%
2.1%
MG
More free cash flow
MG
MG
$24.9M more FCF
MG
$26.0M
$1.1M
ROG
Faster 2-yr revenue CAGR
MG
MG
Annualised
MG
-0.8%
-3.3%
ROG

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
MG
MG
ROG
ROG
Revenue
$181.5M
$200.5M
Net Profit
$3.8M
$4.5M
Gross Margin
28.4%
32.2%
Operating Margin
7.0%
Net Margin
2.1%
2.2%
Revenue YoY
5.1%
5.2%
Net Profit YoY
-27.4%
421.4%
EPS (diluted)
$0.12
$0.25

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.

Revenue
MG
MG
ROG
ROG
Q1 26
$200.5M
Q4 25
$181.5M
$201.5M
Q3 25
$195.5M
$216.0M
Q2 25
$185.4M
$202.8M
Q1 25
$161.6M
$190.5M
Q4 24
$172.7M
$192.2M
Q3 24
$182.7M
$210.3M
Q2 24
$189.8M
$214.2M
Net Profit
MG
MG
ROG
ROG
Q1 26
$4.5M
Q4 25
$3.8M
$4.6M
Q3 25
$13.1M
$8.6M
Q2 25
$3.0M
$-73.6M
Q1 25
$-3.2M
$-1.4M
Q4 24
$5.2M
$-500.0K
Q3 24
$6.4M
$10.7M
Q2 24
$6.4M
$8.1M
Gross Margin
MG
MG
ROG
ROG
Q1 26
32.2%
Q4 25
28.4%
31.5%
Q3 25
29.8%
33.5%
Q2 25
29.1%
31.6%
Q1 25
25.3%
29.9%
Q4 24
26.5%
32.1%
Q3 24
26.8%
35.2%
Q2 24
27.1%
34.1%
Operating Margin
MG
MG
ROG
ROG
Q1 26
Q4 25
7.0%
3.5%
Q3 25
10.4%
7.3%
Q2 25
4.5%
-33.3%
Q1 25
-0.6%
-0.2%
Q4 24
6.1%
-6.6%
Q3 24
6.5%
6.9%
Q2 24
6.3%
5.3%
Net Margin
MG
MG
ROG
ROG
Q1 26
2.2%
Q4 25
2.1%
2.3%
Q3 25
6.7%
4.0%
Q2 25
1.6%
-36.3%
Q1 25
-2.0%
-0.7%
Q4 24
3.0%
-0.3%
Q3 24
3.5%
5.1%
Q2 24
3.4%
3.8%
EPS (diluted)
MG
MG
ROG
ROG
Q1 26
$0.25
Q4 25
$0.12
$0.20
Q3 25
$0.41
$0.48
Q2 25
$0.10
$-4.00
Q1 25
$-0.10
$-0.08
Q4 24
$0.17
$-0.04
Q3 24
$0.20
$0.58
Q2 24
$0.20
$0.44

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MG
MG
ROG
ROG
Cash + ST InvestmentsLiquidity on hand
$28.0M
$195.8M
Total DebtLower is stronger
$178.0M
Stockholders' EquityBook value
$235.1M
$1.2B
Total Assets
$578.8M
$1.4B
Debt / EquityLower = less leverage
0.76×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MG
MG
ROG
ROG
Q1 26
$195.8M
Q4 25
$28.0M
$197.0M
Q3 25
$27.8M
$167.8M
Q2 25
$20.0M
$157.2M
Q1 25
$18.5M
$175.6M
Q4 24
$18.3M
$159.8M
Q3 24
$20.4M
$146.4M
Q2 24
$17.2M
$119.9M
Total Debt
MG
MG
ROG
ROG
Q1 26
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
Stockholders' Equity
MG
MG
ROG
ROG
Q1 26
$1.2B
Q4 25
$235.1M
$1.2B
Q3 25
$227.4M
$1.2B
Q2 25
$215.8M
$1.2B
Q1 25
$198.7M
$1.3B
Q4 24
$198.6M
$1.3B
Q3 24
$205.2M
$1.3B
Q2 24
$193.2M
$1.3B
Total Assets
MG
MG
ROG
ROG
Q1 26
$1.4B
Q4 25
$578.8M
$1.4B
Q3 25
$596.3M
$1.4B
Q2 25
$571.0M
$1.5B
Q1 25
$526.8M
$1.5B
Q4 24
$523.0M
$1.5B
Q3 24
$551.7M
$1.5B
Q2 24
$548.1M
$1.5B
Debt / Equity
MG
MG
ROG
ROG
Q1 26
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×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MG
MG
ROG
ROG
Operating Cash FlowLast quarter
$32.1M
$5.8M
Free Cash FlowOCF − Capex
$26.0M
$1.1M
FCF MarginFCF / Revenue
14.3%
0.5%
Capex IntensityCapex / Revenue
3.4%
2.3%
Cash ConversionOCF / Net Profit
8.55×
1.29×
TTM Free Cash FlowTrailing 4 quarters
$8.3M
$70.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MG
MG
ROG
ROG
Q1 26
$5.8M
Q4 25
$32.1M
$46.9M
Q3 25
$4.5M
$28.9M
Q2 25
$-9.3M
$13.7M
Q1 25
$5.6M
$11.7M
Q4 24
$25.7M
$33.7M
Q3 24
$19.4M
$42.4M
Q2 24
$4.5M
$22.9M
Free Cash Flow
MG
MG
ROG
ROG
Q1 26
$1.1M
Q4 25
$26.0M
$42.2M
Q3 25
$-4.1M
$21.2M
Q2 25
$-14.7M
$5.6M
Q1 25
$1.1M
$2.1M
Q4 24
$22.1M
$18.3M
Q3 24
$14.6M
$25.2M
Q2 24
$-284.0K
$8.8M
FCF Margin
MG
MG
ROG
ROG
Q1 26
0.5%
Q4 25
14.3%
20.9%
Q3 25
-2.1%
9.8%
Q2 25
-7.9%
2.8%
Q1 25
0.7%
1.1%
Q4 24
12.8%
9.5%
Q3 24
8.0%
12.0%
Q2 24
-0.1%
4.1%
Capex Intensity
MG
MG
ROG
ROG
Q1 26
2.3%
Q4 25
3.4%
2.3%
Q3 25
4.4%
3.6%
Q2 25
2.9%
4.0%
Q1 25
2.8%
5.0%
Q4 24
2.1%
8.0%
Q3 24
2.6%
8.2%
Q2 24
2.5%
6.6%
Cash Conversion
MG
MG
ROG
ROG
Q1 26
1.29×
Q4 25
8.55×
10.20×
Q3 25
0.34×
3.36×
Q2 25
-3.07×
Q1 25
Q4 24
4.96×
Q3 24
3.02×
3.96×
Q2 24
0.71×
2.83×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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