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Side-by-side financial comparison of Mistras Group, Inc. (MG) and Safehold Inc. (SAFE). Click either name above to swap in a different company.
Mistras Group, Inc. is the larger business by last-quarter revenue ($181.5M vs $97.9M, roughly 1.9× Safehold Inc.). Safehold Inc. runs the higher net margin — 28.5% vs 2.1%, a 26.4% gap on every dollar of revenue. On growth, Safehold Inc. posted the faster year-over-year revenue change (6.5% vs 5.1%). Over the past eight quarters, Safehold Inc.'s revenue compounded faster (2.5% 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.
SAFE Investment Company Limited is a Chinese sovereign wealth fund based in Hong Kong.
MG vs SAFE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $181.5M | $97.9M |
| Net Profit | $3.8M | $27.9M |
| Gross Margin | 28.4% | 98.6% |
| Operating Margin | 7.0% | 27.4% |
| Net Margin | 2.1% | 28.5% |
| Revenue YoY | 5.1% | 6.5% |
| Net Profit YoY | -27.4% | 7.1% |
| EPS (diluted) | $0.12 | $0.38 |
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 | $97.9M | ||
| Q3 25 | $195.5M | $96.2M | ||
| Q2 25 | $185.4M | $93.8M | ||
| Q1 25 | $161.6M | $97.7M | ||
| Q4 24 | $172.7M | $91.9M | ||
| Q3 24 | $182.7M | $90.7M | ||
| Q2 24 | $189.8M | $89.9M | ||
| Q1 24 | $184.4M | $93.2M |
| Q4 25 | $3.8M | $27.9M | ||
| Q3 25 | $13.1M | $29.3M | ||
| Q2 25 | $3.0M | $27.9M | ||
| Q1 25 | $-3.2M | $29.4M | ||
| Q4 24 | $5.2M | $26.0M | ||
| Q3 24 | $6.4M | $19.3M | ||
| Q2 24 | $6.4M | $29.7M | ||
| Q1 24 | $995.0K | $30.7M |
| Q4 25 | 28.4% | 98.6% | ||
| Q3 25 | 29.8% | 98.5% | ||
| Q2 25 | 29.1% | 99.1% | ||
| Q1 25 | 25.3% | 98.8% | ||
| Q4 24 | 26.5% | 98.8% | ||
| Q3 24 | 26.8% | 98.8% | ||
| Q2 24 | 27.1% | 98.8% | ||
| Q1 24 | 25.0% | 98.8% |
| Q4 25 | 7.0% | 27.4% | ||
| Q3 25 | 10.4% | 25.9% | ||
| Q2 25 | 4.5% | 25.5% | ||
| Q1 25 | -0.6% | 25.9% | ||
| Q4 24 | 6.1% | 24.6% | ||
| Q3 24 | 6.5% | 17.5% | ||
| Q2 24 | 6.3% | 26.7% | ||
| Q1 24 | 3.0% | 26.4% |
| Q4 25 | 2.1% | 28.5% | ||
| Q3 25 | 6.7% | 30.5% | ||
| Q2 25 | 1.6% | 29.8% | ||
| Q1 25 | -2.0% | 30.1% | ||
| Q4 24 | 3.0% | 28.3% | ||
| Q3 24 | 3.5% | 21.3% | ||
| Q2 24 | 3.4% | 33.0% | ||
| Q1 24 | 0.5% | 33.0% |
| Q4 25 | $0.12 | $0.38 | ||
| Q3 25 | $0.41 | $0.41 | ||
| Q2 25 | $0.10 | $0.39 | ||
| Q1 25 | $-0.10 | $0.41 | ||
| Q4 24 | $0.17 | $0.36 | ||
| Q3 24 | $0.20 | $0.27 | ||
| Q2 24 | $0.20 | $0.42 | ||
| Q1 24 | $0.03 | $0.43 |
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 | $4.6B |
| Stockholders' EquityBook value | $235.1M | $2.4B |
| Total Assets | $578.8M | $7.2B |
| Debt / EquityLower = less leverage | 0.76× | 1.90× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.0M | $21.7M | ||
| Q3 25 | $27.8M | $12.1M | ||
| Q2 25 | $20.0M | $13.9M | ||
| Q1 25 | $18.5M | $17.3M | ||
| Q4 24 | $18.3M | $8.3M | ||
| Q3 24 | $20.4M | $15.6M | ||
| Q2 24 | $17.2M | $13.4M | ||
| Q1 24 | $16.9M | $11.3M |
| Q4 25 | $178.0M | $4.6B | ||
| Q3 25 | $202.3M | $4.5B | ||
| Q2 25 | $189.4M | $4.4B | ||
| Q1 25 | $171.9M | $4.3B | ||
| Q4 24 | $169.6M | $4.3B | ||
| Q3 24 | $189.7M | $4.3B | ||
| Q2 24 | $199.7M | $4.2B | ||
| Q1 24 | $198.4M | $4.1B |
| Q4 25 | $235.1M | $2.4B | ||
| Q3 25 | $227.4M | $2.4B | ||
| Q2 25 | $215.8M | $2.4B | ||
| Q1 25 | $198.7M | $2.4B | ||
| Q4 24 | $198.6M | $2.3B | ||
| Q3 24 | $205.2M | $2.3B | ||
| Q2 24 | $193.2M | $2.3B | ||
| Q1 24 | $187.1M | $2.3B |
| Q4 25 | $578.8M | $7.2B | ||
| Q3 25 | $596.3M | $7.1B | ||
| Q2 25 | $571.0M | $7.1B | ||
| Q1 25 | $526.8M | $6.9B | ||
| Q4 24 | $523.0M | $6.9B | ||
| Q3 24 | $551.7M | $6.8B | ||
| Q2 24 | $548.1M | $6.8B | ||
| Q1 24 | $542.1M | $6.7B |
| Q4 25 | 0.76× | 1.90× | ||
| Q3 25 | 0.89× | 1.89× | ||
| Q2 25 | 0.88× | 1.87× | ||
| Q1 25 | 0.87× | 1.85× | ||
| Q4 24 | 0.85× | 1.84× | ||
| Q3 24 | 0.92× | 1.88× | ||
| Q2 24 | 1.03× | 1.81× | ||
| Q1 24 | 1.06× | 1.81× |
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 | $47.8M |
| Free Cash FlowOCF − Capex | $26.0M | — |
| FCF MarginFCF / Revenue | 14.3% | — |
| Capex IntensityCapex / Revenue | 3.4% | — |
| Cash ConversionOCF / Net Profit | 8.55× | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $8.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $32.1M | $47.8M | ||
| Q3 25 | $4.5M | $-1.4M | ||
| Q2 25 | $-9.3M | $28.0M | ||
| Q1 25 | $5.6M | $8.9M | ||
| Q4 24 | $25.7M | $37.9M | ||
| Q3 24 | $19.4M | $8.3M | ||
| Q2 24 | $4.5M | $24.8M | ||
| Q1 24 | $604.0K | $-3.1M |
| 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× | 1.72× | ||
| Q3 25 | 0.34× | -0.05× | ||
| Q2 25 | -3.07× | 1.00× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | 4.96× | 1.45× | ||
| Q3 24 | 3.02× | 0.43× | ||
| Q2 24 | 0.71× | 0.83× | ||
| Q1 24 | 0.61× | -0.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MG
Segment breakdown not available.
SAFE
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $60.3M | 62% |
| Other | $33.7M | 34% |
| Stabilized Properties | $3.8M | 4% |
