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Side-by-side financial comparison of Mistras Group, Inc. (MG) and Willdan Group, Inc. (WLDN). Click either name above to swap in a different company.
Willdan Group, Inc. is the larger business by last-quarter revenue ($182.0M vs $181.5M, roughly 1.0× Mistras Group, Inc.). Willdan Group, Inc. runs the higher net margin — 7.5% vs 2.1%, a 5.5% gap on every dollar of revenue. On growth, Willdan Group, Inc. posted the faster year-over-year revenue change (15.0% vs 5.1%). Mistras Group, Inc. produced more free cash flow last quarter ($26.0M vs $9.8M). Over the past eight quarters, Willdan Group, Inc.'s revenue compounded faster (8.1% 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.
Willdan Group, Inc. (Willdan) is an American publicly traded company selling professional technical and consulting services to public and private utilities, public agencies at all levels of government, and commercial and industrial firms. The company operates offices in more than a dozen states, with its key operations in California and New York.
MG vs WLDN — Head-to-Head
Income Statement — Q4 2025 vs Q3 2026
| Metric | | |
|---|---|---|
| Revenue | $181.5M | $182.0M |
| Net Profit | $3.8M | $13.7M |
| Gross Margin | 28.4% | 36.9% |
| Operating Margin | 7.0% | 8.2% |
| Net Margin | 2.1% | 7.5% |
| Revenue YoY | 5.1% | 15.0% |
| Net Profit YoY | -27.4% | 86.8% |
| EPS (diluted) | $0.12 | $0.90 |
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 | $182.0M | ||
| Q3 25 | $195.5M | $173.5M | ||
| Q2 25 | $185.4M | $152.4M | ||
| Q1 25 | $161.6M | — | ||
| Q4 24 | $172.7M | $144.1M | ||
| Q3 24 | $182.7M | $158.3M | ||
| Q2 24 | $189.8M | $141.0M | ||
| Q1 24 | $184.4M | $122.5M |
| Q4 25 | $3.8M | $13.7M | ||
| Q3 25 | $13.1M | $15.4M | ||
| Q2 25 | $3.0M | $4.7M | ||
| Q1 25 | $-3.2M | — | ||
| Q4 24 | $5.2M | $7.7M | ||
| Q3 24 | $6.4M | $7.3M | ||
| Q2 24 | $6.4M | $4.6M | ||
| Q1 24 | $995.0K | $2.9M |
| Q4 25 | 28.4% | 36.9% | ||
| Q3 25 | 29.8% | 39.4% | ||
| Q2 25 | 29.1% | 37.8% | ||
| Q1 25 | 25.3% | — | ||
| Q4 24 | 26.5% | 38.1% | ||
| Q3 24 | 26.8% | 32.6% | ||
| Q2 24 | 27.1% | 34.6% | ||
| Q1 24 | 25.0% | 38.7% |
| Q4 25 | 7.0% | 8.2% | ||
| Q3 25 | 10.4% | 6.8% | ||
| Q2 25 | 4.5% | 4.6% | ||
| Q1 25 | -0.6% | — | ||
| Q4 24 | 6.1% | 7.5% | ||
| Q3 24 | 6.5% | 5.5% | ||
| Q2 24 | 6.3% | 4.6% | ||
| Q1 24 | 3.0% | 4.4% |
| Q4 25 | 2.1% | 7.5% | ||
| Q3 25 | 6.7% | 8.9% | ||
| Q2 25 | 1.6% | 3.1% | ||
| Q1 25 | -2.0% | — | ||
| Q4 24 | 3.0% | 5.3% | ||
| Q3 24 | 3.5% | 4.6% | ||
| Q2 24 | 3.4% | 3.3% | ||
| Q1 24 | 0.5% | 2.4% |
| Q4 25 | $0.12 | $0.90 | ||
| Q3 25 | $0.41 | $1.03 | ||
| Q2 25 | $0.10 | $0.32 | ||
| Q1 25 | $-0.10 | — | ||
| Q4 24 | $0.17 | $0.53 | ||
| Q3 24 | $0.20 | $0.51 | ||
| Q2 24 | $0.20 | $0.33 | ||
| Q1 24 | $0.03 | $0.21 |
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 | $33.1M |
| Total DebtLower is stronger | $178.0M | $49.1M |
| Stockholders' EquityBook value | $235.1M | $283.1M |
| Total Assets | $578.8M | $507.9M |
| Debt / EquityLower = less leverage | 0.76× | 0.17× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.0M | $33.1M | ||
| Q3 25 | $27.8M | $32.3M | ||
| Q2 25 | $20.0M | $38.4M | ||
| Q1 25 | $18.5M | — | ||
| Q4 24 | $18.3M | $74.2M | ||
| Q3 24 | $20.4M | $53.1M | ||
| Q2 24 | $17.2M | $44.3M | ||
| Q1 24 | $16.9M | $46.9M |
| Q4 25 | $178.0M | $49.1M | ||
| Q3 25 | $202.3M | $59.7M | ||
| Q2 25 | $189.4M | $86.9M | ||
| Q1 25 | $171.9M | — | ||
| Q4 24 | $169.6M | $89.5M | ||
| Q3 24 | $189.7M | $91.9M | ||
| Q2 24 | $199.7M | $93.7M | ||
| Q1 24 | $198.4M | $95.5M |
| Q4 25 | $235.1M | $283.1M | ||
| Q3 25 | $227.4M | $265.9M | ||
| Q2 25 | $215.8M | $245.5M | ||
| Q1 25 | $198.7M | — | ||
| Q4 24 | $198.6M | $234.3M | ||
| Q3 24 | $205.2M | $224.0M | ||
| Q2 24 | $193.2M | $213.0M | ||
| Q1 24 | $187.1M | $205.5M |
| Q4 25 | $578.8M | $507.9M | ||
| Q3 25 | $596.3M | $484.9M | ||
| Q2 25 | $571.0M | $471.2M | ||
| Q1 25 | $526.8M | — | ||
| Q4 24 | $523.0M | $464.9M | ||
| Q3 24 | $551.7M | $447.3M | ||
| Q2 24 | $548.1M | $421.3M | ||
| Q1 24 | $542.1M | $407.9M |
| Q4 25 | 0.76× | 0.17× | ||
| Q3 25 | 0.89× | 0.22× | ||
| Q2 25 | 0.88× | 0.35× | ||
| Q1 25 | 0.87× | — | ||
| Q4 24 | 0.85× | 0.38× | ||
| Q3 24 | 0.92× | 0.41× | ||
| Q2 24 | 1.03× | 0.44× | ||
| Q1 24 | 1.06× | 0.46× |
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 | $12.2M |
| Free Cash FlowOCF − Capex | $26.0M | $9.8M |
| FCF MarginFCF / Revenue | 14.3% | 5.4% |
| Capex IntensityCapex / Revenue | 3.4% | 1.3% |
| Cash ConversionOCF / Net Profit | 8.55× | 0.89× |
| TTM Free Cash FlowTrailing 4 quarters | $8.3M | $65.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $32.1M | $12.2M | ||
| Q3 25 | $4.5M | $25.4M | ||
| Q2 25 | $-9.3M | $3.3M | ||
| Q1 25 | $5.6M | — | ||
| Q4 24 | $25.7M | $33.5M | ||
| Q3 24 | $19.4M | $10.8M | ||
| Q2 24 | $4.5M | $889.0K | ||
| Q1 24 | $604.0K | $26.9M |
| Q4 25 | $26.0M | $9.8M | ||
| Q3 25 | $-4.1M | $23.2M | ||
| Q2 25 | $-14.7M | $1.0M | ||
| Q1 25 | $1.1M | — | ||
| Q4 24 | $22.1M | $31.1M | ||
| Q3 24 | $14.6M | $8.8M | ||
| Q2 24 | $-284.0K | $-1.3M | ||
| Q1 24 | $-4.2M | $25.0M |
| Q4 25 | 14.3% | 5.4% | ||
| Q3 25 | -2.1% | 13.4% | ||
| Q2 25 | -7.9% | 0.7% | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 12.8% | 21.6% | ||
| Q3 24 | 8.0% | 5.6% | ||
| Q2 24 | -0.1% | -0.9% | ||
| Q1 24 | -2.3% | 20.4% |
| Q4 25 | 3.4% | 1.3% | ||
| Q3 25 | 4.4% | 1.3% | ||
| Q2 25 | 2.9% | 1.5% | ||
| Q1 25 | 2.8% | — | ||
| Q4 24 | 2.1% | 1.6% | ||
| Q3 24 | 2.6% | 1.2% | ||
| Q2 24 | 2.5% | 1.5% | ||
| Q1 24 | 2.6% | 1.6% |
| Q4 25 | 8.55× | 0.89× | ||
| Q3 25 | 0.34× | 1.65× | ||
| Q2 25 | -3.07× | 0.71× | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.96× | 4.35× | ||
| Q3 24 | 3.02× | 1.47× | ||
| Q2 24 | 0.71× | 0.19× | ||
| Q1 24 | 0.61× | 9.16× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
