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

Mistras Group, Inc. is the larger business by last-quarter revenue ($181.5M vs $161.5M, roughly 1.1× UNITIL CORP). UNITIL CORP runs the higher net margin — 11.8% vs 2.1%, a 9.7% gap on every dollar of revenue. On growth, UNITIL CORP posted the faster year-over-year revenue change (26.7% vs 5.1%). Mistras Group, Inc. produced more free cash flow last quarter ($26.0M vs $-36.3M). Over the past eight quarters, Mistras Group, Inc.'s revenue compounded faster (-0.8% CAGR vs -4.9%).

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.

Unitil Corporation is an interstate electricity and natural gas utility company that provides services for New Hampshire, Massachusetts and Maine. Its earliest predecessor company, the Portland Gas Light Company, was founded in Maine in 1849. The current company was set up in 1984 and is based in New Hampshire. With a market cap of 686.51M, it provides electric services to about 102,400 customers and natural gas to over 75,900 customers. The service territory of Unitil includes business distr...

MG vs UTL — Head-to-Head

Bigger by revenue
MG
MG
1.1× larger
MG
$181.5M
$161.5M
UTL
Growing faster (revenue YoY)
UTL
UTL
+21.6% gap
UTL
26.7%
5.1%
MG
Higher net margin
UTL
UTL
9.7% more per $
UTL
11.8%
2.1%
MG
More free cash flow
MG
MG
$62.3M more FCF
MG
$26.0M
$-36.3M
UTL
Faster 2-yr revenue CAGR
MG
MG
Annualised
MG
-0.8%
-4.9%
UTL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MG
MG
UTL
UTL
Revenue
$181.5M
$161.5M
Net Profit
$3.8M
$19.0M
Gross Margin
28.4%
Operating Margin
7.0%
21.5%
Net Margin
2.1%
11.8%
Revenue YoY
5.1%
26.7%
Net Profit YoY
-27.4%
21.8%
EPS (diluted)
$0.12
$1.05

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
UTL
UTL
Q4 25
$181.5M
$161.5M
Q3 25
$195.5M
$101.1M
Q2 25
$185.4M
$102.6M
Q1 25
$161.6M
$170.8M
Q4 24
$172.7M
$127.5M
Q3 24
$182.7M
$92.9M
Q2 24
$189.8M
$95.7M
Q1 24
$184.4M
$178.7M
Net Profit
MG
MG
UTL
UTL
Q4 25
$3.8M
$19.0M
Q3 25
$13.1M
$-300.0K
Q2 25
$3.0M
$4.0M
Q1 25
$-3.2M
$27.5M
Q4 24
$5.2M
$15.6M
Q3 24
$6.4M
$0
Q2 24
$6.4M
$4.3M
Q1 24
$995.0K
$27.2M
Gross Margin
MG
MG
UTL
UTL
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%
Operating Margin
MG
MG
UTL
UTL
Q4 25
7.0%
21.5%
Q3 25
10.4%
6.9%
Q2 25
4.5%
13.0%
Q1 25
-0.6%
27.0%
Q4 24
6.1%
22.1%
Q3 24
6.5%
6.2%
Q2 24
6.3%
13.0%
Q1 24
3.0%
24.7%
Net Margin
MG
MG
UTL
UTL
Q4 25
2.1%
11.8%
Q3 25
6.7%
-0.3%
Q2 25
1.6%
3.9%
Q1 25
-2.0%
16.1%
Q4 24
3.0%
12.2%
Q3 24
3.5%
Q2 24
3.4%
4.5%
Q1 24
0.5%
15.2%
EPS (diluted)
MG
MG
UTL
UTL
Q4 25
$0.12
$1.05
Q3 25
$0.41
$-0.02
Q2 25
$0.10
$0.25
Q1 25
$-0.10
$1.69
Q4 24
$0.17
$0.97
Q3 24
$0.20
$0.00
Q2 24
$0.20
$0.27
Q1 24
$0.03
$1.69

Balance Sheet & Financial Strength

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

Metric
MG
MG
UTL
UTL
Cash + ST InvestmentsLiquidity on hand
$28.0M
$15.6M
Total DebtLower is stronger
$178.0M
$670.5M
Stockholders' EquityBook value
$235.1M
$609.6M
Total Assets
$578.8M
$2.1B
Debt / EquityLower = less leverage
0.76×
1.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MG
MG
UTL
UTL
Q4 25
$28.0M
$15.6M
Q3 25
$27.8M
$14.6M
Q2 25
$20.0M
$8.5M
Q1 25
$18.5M
$10.2M
Q4 24
$18.3M
$6.3M
Q3 24
$20.4M
$6.3M
Q2 24
$17.2M
$2.8M
Q1 24
$16.9M
$6.3M
Total Debt
MG
MG
UTL
UTL
Q4 25
$178.0M
$670.5M
Q3 25
$202.3M
$670.5M
Q2 25
$189.4M
$640.7M
Q1 25
$171.9M
$642.1M
Q4 24
$169.6M
$643.3M
Q3 24
$189.7M
$643.3M
Q2 24
$199.7M
$511.3M
Q1 24
$198.4M
$512.8M
Stockholders' Equity
MG
MG
UTL
UTL
Q4 25
$235.1M
$609.6M
Q3 25
$227.4M
$597.2M
Q2 25
$215.8M
$532.8M
Q1 25
$198.7M
$534.1M
Q4 24
$198.6M
$512.5M
Q3 24
$205.2M
$502.4M
Q2 24
$193.2M
$508.8M
Q1 24
$187.1M
$510.8M
Total Assets
MG
MG
UTL
UTL
Q4 25
$578.8M
$2.1B
Q3 25
$596.3M
$1.9B
Q2 25
$571.0M
$1.9B
Q1 25
$526.8M
$1.9B
Q4 24
$523.0M
$1.8B
Q3 24
$551.7M
$1.7B
Q2 24
$548.1M
$1.7B
Q1 24
$542.1M
$1.7B
Debt / Equity
MG
MG
UTL
UTL
Q4 25
0.76×
1.10×
Q3 25
0.89×
1.12×
Q2 25
0.88×
1.20×
Q1 25
0.87×
1.20×
Q4 24
0.85×
1.26×
Q3 24
0.92×
1.28×
Q2 24
1.03×
1.00×
Q1 24
1.06×
1.00×

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
UTL
UTL
Operating Cash FlowLast quarter
$32.1M
$21.4M
Free Cash FlowOCF − Capex
$26.0M
$-36.3M
FCF MarginFCF / Revenue
14.3%
-22.5%
Capex IntensityCapex / Revenue
3.4%
35.7%
Cash ConversionOCF / Net Profit
8.55×
1.13×
TTM Free Cash FlowTrailing 4 quarters
$8.3M
$-53.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MG
MG
UTL
UTL
Q4 25
$32.1M
$21.4M
Q3 25
$4.5M
$15.6M
Q2 25
$-9.3M
$42.2M
Q1 25
$5.6M
$52.1M
Q4 24
$25.7M
$23.3M
Q3 24
$19.4M
$26.1M
Q2 24
$4.5M
$49.9M
Q1 24
$604.0K
$26.6M
Free Cash Flow
MG
MG
UTL
UTL
Q4 25
$26.0M
$-36.3M
Q3 25
$-4.1M
$-39.0M
Q2 25
$-14.7M
$2.0M
Q1 25
$1.1M
$19.5M
Q4 24
$22.1M
$-32.3M
Q3 24
$14.6M
$-31.3M
Q2 24
$-284.0K
$13.2M
Q1 24
$-4.2M
$6.4M
FCF Margin
MG
MG
UTL
UTL
Q4 25
14.3%
-22.5%
Q3 25
-2.1%
-38.6%
Q2 25
-7.9%
1.9%
Q1 25
0.7%
11.4%
Q4 24
12.8%
-25.3%
Q3 24
8.0%
-33.7%
Q2 24
-0.1%
13.8%
Q1 24
-2.3%
3.6%
Capex Intensity
MG
MG
UTL
UTL
Q4 25
3.4%
35.7%
Q3 25
4.4%
54.0%
Q2 25
2.9%
39.2%
Q1 25
2.8%
19.1%
Q4 24
2.1%
43.6%
Q3 24
2.6%
61.8%
Q2 24
2.5%
38.3%
Q1 24
2.6%
11.3%
Cash Conversion
MG
MG
UTL
UTL
Q4 25
8.55×
1.13×
Q3 25
0.34×
Q2 25
-3.07×
10.55×
Q1 25
1.89×
Q4 24
4.96×
1.49×
Q3 24
3.02×
Q2 24
0.71×
11.60×
Q1 24
0.61×
0.98×

Financial Flow Comparison

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

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