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Side-by-side financial comparison of Mistras Group, Inc. (MG) and TACTILE SYSTEMS TECHNOLOGY INC (TCMD). Click either name above to swap in a different company.
Mistras Group, Inc. is the larger business by last-quarter revenue ($181.5M vs $103.6M, roughly 1.8× TACTILE SYSTEMS TECHNOLOGY INC). TACTILE SYSTEMS TECHNOLOGY INC runs the higher net margin — 10.3% vs 2.1%, a 8.2% gap on every dollar of revenue. On growth, TACTILE SYSTEMS TECHNOLOGY INC posted the faster year-over-year revenue change (21.0% vs 5.1%). Mistras Group, Inc. produced more free cash flow last quarter ($26.0M vs $16.8M). Over the past eight quarters, TACTILE SYSTEMS TECHNOLOGY INC's revenue compounded faster (30.2% 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.
Dominion Voting Systems Corporation was a North American company that produced and sold electronic voting hardware and software, including voting machines and tabulators, in Canada and the United States.
MG vs TCMD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $181.5M | $103.6M |
| Net Profit | $3.8M | $10.6M |
| Gross Margin | 28.4% | 78.2% |
| Operating Margin | 7.0% | 18.1% |
| Net Margin | 2.1% | 10.3% |
| Revenue YoY | 5.1% | 21.0% |
| Net Profit YoY | -27.4% | 9.4% |
| EPS (diluted) | $0.12 | $0.45 |
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 | $103.6M | ||
| Q3 25 | $195.5M | $85.8M | ||
| Q2 25 | $185.4M | $78.9M | ||
| Q1 25 | $161.6M | $61.3M | ||
| Q4 24 | $172.7M | $85.6M | ||
| Q3 24 | $182.7M | $73.1M | ||
| Q2 24 | $189.8M | $73.2M | ||
| Q1 24 | $184.4M | $61.1M |
| Q4 25 | $3.8M | $10.6M | ||
| Q3 25 | $13.1M | $8.2M | ||
| Q2 25 | $3.0M | $3.2M | ||
| Q1 25 | $-3.2M | $-3.0M | ||
| Q4 24 | $5.2M | $9.7M | ||
| Q3 24 | $6.4M | $5.2M | ||
| Q2 24 | $6.4M | $4.3M | ||
| Q1 24 | $995.0K | $-2.2M |
| Q4 25 | 28.4% | 78.2% | ||
| Q3 25 | 29.8% | 75.8% | ||
| Q2 25 | 29.1% | 74.5% | ||
| Q1 25 | 25.3% | 74.0% | ||
| Q4 24 | 26.5% | 75.2% | ||
| Q3 24 | 26.8% | 75.0% | ||
| Q2 24 | 27.1% | 73.9% | ||
| Q1 24 | 25.0% | 71.1% |
| Q4 25 | 7.0% | 18.1% | ||
| Q3 25 | 10.4% | 12.8% | ||
| Q2 25 | 4.5% | 5.2% | ||
| Q1 25 | -0.6% | -7.4% | ||
| Q4 24 | 6.1% | 14.6% | ||
| Q3 24 | 6.5% | 9.3% | ||
| Q2 24 | 6.3% | 8.0% | ||
| Q1 24 | 3.0% | -4.9% |
| Q4 25 | 2.1% | 10.3% | ||
| Q3 25 | 6.7% | 9.6% | ||
| Q2 25 | 1.6% | 4.1% | ||
| Q1 25 | -2.0% | -4.9% | ||
| Q4 24 | 3.0% | 11.4% | ||
| Q3 24 | 3.5% | 7.1% | ||
| Q2 24 | 3.4% | 5.9% | ||
| Q1 24 | 0.5% | -3.6% |
| Q4 25 | $0.12 | $0.45 | ||
| Q3 25 | $0.41 | $0.36 | ||
| Q2 25 | $0.10 | $0.14 | ||
| Q1 25 | $-0.10 | $-0.13 | ||
| Q4 24 | $0.17 | $0.40 | ||
| Q3 24 | $0.20 | $0.21 | ||
| Q2 24 | $0.20 | $0.18 | ||
| 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 | $83.4M |
| Total DebtLower is stronger | $178.0M | $0 |
| Stockholders' EquityBook value | $235.1M | $218.9M |
| Total Assets | $578.8M | $273.9M |
| Debt / EquityLower = less leverage | 0.76× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.0M | $83.4M | ||
| Q3 25 | $27.8M | $66.0M | ||
| Q2 25 | $20.0M | $81.5M | ||
| Q1 25 | $18.5M | $83.6M | ||
| Q4 24 | $18.3M | $94.4M | ||
| Q3 24 | $20.4M | $82.1M | ||
| Q2 24 | $17.2M | $73.6M | ||
| Q1 24 | $16.9M | $60.7M |
| Q4 25 | $178.0M | $0 | ||
| Q3 25 | $202.3M | $0 | ||
| Q2 25 | $189.4M | — | ||
| Q1 25 | $171.9M | — | ||
| Q4 24 | $169.6M | — | ||
| Q3 24 | $189.7M | $27.0M | ||
| Q2 24 | $199.7M | $27.8M | ||
| Q1 24 | $198.4M | $28.5M |
| Q4 25 | $235.1M | $218.9M | ||
| Q3 25 | $227.4M | $204.9M | ||
| Q2 25 | $215.8M | $194.9M | ||
| Q1 25 | $198.7M | $205.6M | ||
| Q4 24 | $198.6M | $216.6M | ||
| Q3 24 | $205.2M | $207.9M | ||
| Q2 24 | $193.2M | $200.7M | ||
| Q1 24 | $187.1M | $193.5M |
| Q4 25 | $578.8M | $273.9M | ||
| Q3 25 | $596.3M | $259.2M | ||
| Q2 25 | $571.0M | $273.0M | ||
| Q1 25 | $526.8M | $280.2M | ||
| Q4 24 | $523.0M | $297.9M | ||
| Q3 24 | $551.7M | $287.7M | ||
| Q2 24 | $548.1M | $278.8M | ||
| Q1 24 | $542.1M | $272.0M |
| Q4 25 | 0.76× | 0.00× | ||
| Q3 25 | 0.89× | 0.00× | ||
| Q2 25 | 0.88× | — | ||
| Q1 25 | 0.87× | — | ||
| Q4 24 | 0.85× | — | ||
| Q3 24 | 0.92× | 0.13× | ||
| Q2 24 | 1.03× | 0.14× | ||
| Q1 24 | 1.06× | 0.15× |
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 | $17.3M |
| Free Cash FlowOCF − Capex | $26.0M | $16.8M |
| FCF MarginFCF / Revenue | 14.3% | 16.2% |
| Capex IntensityCapex / Revenue | 3.4% | 0.5% |
| Cash ConversionOCF / Net Profit | 8.55× | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | $8.3M | $40.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $32.1M | $17.3M | ||
| Q3 25 | $4.5M | $10.3M | ||
| Q2 25 | $-9.3M | $14.8M | ||
| Q1 25 | $5.6M | $417.0K | ||
| Q4 24 | $25.7M | $16.3M | ||
| Q3 24 | $19.4M | $10.3M | ||
| Q2 24 | $4.5M | $13.1M | ||
| Q1 24 | $604.0K | $924.0K |
| Q4 25 | $26.0M | $16.8M | ||
| Q3 25 | $-4.1M | $9.2M | ||
| Q2 25 | $-14.7M | $14.4M | ||
| Q1 25 | $1.1M | $38.0K | ||
| Q4 24 | $22.1M | $15.9M | ||
| Q3 24 | $14.6M | $9.3M | ||
| Q2 24 | $-284.0K | $12.6M | ||
| Q1 24 | $-4.2M | $442.0K |
| Q4 25 | 14.3% | 16.2% | ||
| Q3 25 | -2.1% | 10.8% | ||
| Q2 25 | -7.9% | 18.2% | ||
| Q1 25 | 0.7% | 0.1% | ||
| Q4 24 | 12.8% | 18.5% | ||
| Q3 24 | 8.0% | 12.7% | ||
| Q2 24 | -0.1% | 17.3% | ||
| Q1 24 | -2.3% | 0.7% |
| Q4 25 | 3.4% | 0.5% | ||
| Q3 25 | 4.4% | 1.3% | ||
| Q2 25 | 2.9% | 0.5% | ||
| Q1 25 | 2.8% | 0.6% | ||
| Q4 24 | 2.1% | 0.5% | ||
| Q3 24 | 2.6% | 1.3% | ||
| Q2 24 | 2.5% | 0.7% | ||
| Q1 24 | 2.6% | 0.8% |
| Q4 25 | 8.55× | 1.63× | ||
| Q3 25 | 0.34× | 1.26× | ||
| Q2 25 | -3.07× | 4.59× | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.96× | 1.68× | ||
| Q3 24 | 3.02× | 1.99× | ||
| Q2 24 | 0.71× | 3.06× | ||
| 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.
TCMD
| Private Insurers | $57.6M | 56% |
| Medicare | $24.6M | 24% |
| Durable Medical Equipment Distributors | $14.1M | 14% |
| Veterans Administration | $7.3M | 7% |
