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Side-by-side financial comparison of Mistras Group, Inc. (MG) and ONE Group Hospitality, Inc. (STKS). Click either name above to swap in a different company.
ONE Group Hospitality, Inc. is the larger business by last-quarter revenue ($207.0M vs $181.5M, roughly 1.1× Mistras Group, Inc.). Mistras Group, Inc. runs the higher net margin — 2.1% vs -3.1%, a 5.2% gap on every dollar of revenue. On growth, Mistras Group, Inc. posted the faster year-over-year revenue change (5.1% vs -6.7%). Mistras Group, Inc. produced more free cash flow last quarter ($26.0M vs $-329.0K). Over the past eight quarters, ONE Group Hospitality, Inc.'s revenue compounded faster (56.1% 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.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
MG vs STKS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $181.5M | $207.0M |
| Net Profit | $3.8M | $-6.4M |
| Gross Margin | 28.4% | — |
| Operating Margin | 7.0% | 2.2% |
| Net Margin | 2.1% | -3.1% |
| Revenue YoY | 5.1% | -6.7% |
| Net Profit YoY | -27.4% | -531.8% |
| EPS (diluted) | $0.12 | $-0.50 |
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 | $207.0M | ||
| Q3 25 | $195.5M | $180.2M | ||
| Q2 25 | $185.4M | $207.4M | ||
| Q1 25 | $161.6M | $211.1M | ||
| Q4 24 | $172.7M | $221.9M | ||
| Q3 24 | $182.7M | $194.0M | ||
| Q2 24 | $189.8M | $172.5M | ||
| Q1 24 | $184.4M | $85.0M |
| Q4 25 | $3.8M | $-6.4M | ||
| Q3 25 | $13.1M | $-76.7M | ||
| Q2 25 | $3.0M | $-10.1M | ||
| Q1 25 | $-3.2M | $975.0K | ||
| Q4 24 | $5.2M | $1.5M | ||
| Q3 24 | $6.4M | $-9.3M | ||
| Q2 24 | $6.4M | $-7.3M | ||
| Q1 24 | $995.0K | $-2.1M |
| Q4 25 | 28.4% | — | ||
| Q3 25 | 29.8% | — | ||
| Q2 25 | 29.1% | — | ||
| Q1 25 | 25.3% | — | ||
| Q4 24 | 26.5% | — | ||
| Q3 24 | 26.8% | — | ||
| Q2 24 | 27.1% | — | ||
| Q1 24 | 25.0% | — |
| Q4 25 | 7.0% | 2.2% | ||
| Q3 25 | 10.4% | -4.4% | ||
| Q2 25 | 4.5% | 0.3% | ||
| Q1 25 | -0.6% | 5.1% | ||
| Q4 24 | 6.1% | 5.5% | ||
| Q3 24 | 6.5% | -1.9% | ||
| Q2 24 | 6.3% | 0.6% | ||
| Q1 24 | 3.0% | -0.7% |
| Q4 25 | 2.1% | -3.1% | ||
| Q3 25 | 6.7% | -42.6% | ||
| Q2 25 | 1.6% | -4.9% | ||
| Q1 25 | -2.0% | 0.5% | ||
| Q4 24 | 3.0% | 0.7% | ||
| Q3 24 | 3.5% | -4.8% | ||
| Q2 24 | 3.4% | -4.3% | ||
| Q1 24 | 0.5% | -2.4% |
| Q4 25 | $0.12 | $-0.50 | ||
| Q3 25 | $0.41 | $-2.75 | ||
| Q2 25 | $0.10 | $-0.59 | ||
| Q1 25 | $-0.10 | $-0.21 | ||
| Q4 24 | $0.17 | $-0.18 | ||
| Q3 24 | $0.20 | $-0.53 | ||
| Q2 24 | $0.20 | $-0.38 | ||
| Q1 24 | $0.03 | $-0.07 |
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 | $4.2M |
| Total DebtLower is stronger | $178.0M | $354.2M |
| Stockholders' EquityBook value | $235.1M | $-75.8M |
| Total Assets | $578.8M | $884.2M |
| Debt / EquityLower = less leverage | 0.76× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.0M | $4.2M | ||
| Q3 25 | $27.8M | $5.5M | ||
| Q2 25 | $20.0M | $4.7M | ||
| Q1 25 | $18.5M | $21.4M | ||
| Q4 24 | $18.3M | $27.6M | ||
| Q3 24 | $20.4M | $28.2M | ||
| Q2 24 | $17.2M | $32.2M | ||
| Q1 24 | $16.9M | $15.4M |
| Q4 25 | $178.0M | $354.2M | ||
| Q3 25 | $202.3M | $355.0M | ||
| Q2 25 | $189.4M | $347.4M | ||
| Q1 25 | $171.9M | $348.3M | ||
| Q4 24 | $169.6M | $348.3M | ||
| Q3 24 | $189.7M | $349.1M | ||
| Q2 24 | $199.7M | $350.0M | ||
| Q1 24 | $198.4M | $73.5M |
| Q4 25 | $235.1M | $-75.8M | ||
| Q3 25 | $227.4M | $-61.5M | ||
| Q2 25 | $215.8M | $23.0M | ||
| Q1 25 | $198.7M | $40.5M | ||
| Q4 24 | $198.6M | $45.9M | ||
| Q3 24 | $205.2M | $51.4M | ||
| Q2 24 | $193.2M | $68.1M | ||
| Q1 24 | $187.1M | $68.3M |
| Q4 25 | $578.8M | $884.2M | ||
| Q3 25 | $596.3M | $879.5M | ||
| Q2 25 | $571.0M | $935.7M | ||
| Q1 25 | $526.8M | $956.0M | ||
| Q4 24 | $523.0M | $960.1M | ||
| Q3 24 | $551.7M | $953.5M | ||
| Q2 24 | $548.1M | $945.9M | ||
| Q1 24 | $542.1M | $309.3M |
| Q4 25 | 0.76× | — | ||
| Q3 25 | 0.89× | — | ||
| Q2 25 | 0.88× | 15.07× | ||
| Q1 25 | 0.87× | 8.61× | ||
| Q4 24 | 0.85× | 7.59× | ||
| Q3 24 | 0.92× | 6.79× | ||
| Q2 24 | 1.03× | 5.14× | ||
| Q1 24 | 1.06× | 1.08× |
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 | $13.1M |
| Free Cash FlowOCF − Capex | $26.0M | $-329.0K |
| FCF MarginFCF / Revenue | 14.3% | -0.2% |
| Capex IntensityCapex / Revenue | 3.4% | 6.5% |
| Cash ConversionOCF / Net Profit | 8.55× | — |
| TTM Free Cash FlowTrailing 4 quarters | $8.3M | $-27.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $32.1M | $13.1M | ||
| Q3 25 | $4.5M | $5.9M | ||
| Q2 25 | $-9.3M | $2.8M | ||
| Q1 25 | $5.6M | $8.5M | ||
| Q4 24 | $25.7M | $18.5M | ||
| Q3 24 | $19.4M | $19.1M | ||
| Q2 24 | $4.5M | $-3.8M | ||
| Q1 24 | $604.0K | $10.4M |
| Q4 25 | $26.0M | $-329.0K | ||
| Q3 25 | $-4.1M | $-6.1M | ||
| Q2 25 | $-14.7M | $-15.0M | ||
| Q1 25 | $1.1M | $-5.8M | ||
| Q4 24 | $22.1M | $733.0K | ||
| Q3 24 | $14.6M | $287.0K | ||
| Q2 24 | $-284.0K | $-23.0M | ||
| Q1 24 | $-4.2M | $-5.4M |
| Q4 25 | 14.3% | -0.2% | ||
| Q3 25 | -2.1% | -3.4% | ||
| Q2 25 | -7.9% | -7.2% | ||
| Q1 25 | 0.7% | -2.7% | ||
| Q4 24 | 12.8% | 0.3% | ||
| Q3 24 | 8.0% | 0.1% | ||
| Q2 24 | -0.1% | -13.3% | ||
| Q1 24 | -2.3% | -6.4% |
| Q4 25 | 3.4% | 6.5% | ||
| Q3 25 | 4.4% | 6.7% | ||
| Q2 25 | 2.9% | 8.6% | ||
| Q1 25 | 2.8% | 6.8% | ||
| Q4 24 | 2.1% | 8.0% | ||
| Q3 24 | 2.6% | 9.7% | ||
| Q2 24 | 2.5% | 11.1% | ||
| Q1 24 | 2.6% | 18.6% |
| Q4 25 | 8.55× | — | ||
| Q3 25 | 0.34× | — | ||
| Q2 25 | -3.07× | — | ||
| Q1 25 | — | 8.76× | ||
| Q4 24 | 4.96× | 12.54× | ||
| 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.
STKS
| Benihanas | $111.3M | 54% |
| Steakhouse Restaurant | $59.2M | 29% |
| Grill Concepts | $32.3M | 16% |
| Other | $4.2M | 2% |
