Mistras Group (MG) Financial Statements & Analysis

Mistras Group (MG) Income Statement

Mistras Group reported revenue of $724.02M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 0.8% from $729.64M a year earlier. Net income was $16.84M, down 11.2% year over year, a net margin of 2.3%. Gross margin was 28.2% and operating margin 7.4%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $193.13M, up 4.2% from the same quarter a year earlier.

Mistras Group Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Mistras Group, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	724.02	729.64	705.47	687.37	677.13	592.57	748.59	742.35	700.97
Cost of Revenue	519.51	513.86	521.17	489.20	479.98	414.04	531.29	534.48	513.26
Gross Profit	204.51	215.78	184.30	198.17	197.15	178.53	217.30	207.87	187.71
Operating Expenses
Research & Development	1.03	1.12	1.72	1.99	2.52	2.89	3.05	3.31	2.27
Selling, General & Administrative	139.88	135.45	147.24	166.40	161.33	157.16	169.47	165.70	151.83
Operating Expenses	151.29	175.95	159.07	179.10	178.98	279.75	193.16	187.51	165.66
Operating Income	53.23	39.83	25.23	19.08	18.17	-101.22	24.14	22.22	4.16
Other Income/Expense
Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	14.64	-17.07	16.76	10.51	10.88	12.96	13.70	7.95	4.39
Other Income/Expense	-16.11	-15.58	-27.14	0.72	-10.88	-12.96	-13.70	-7.95	-4.39
Income
Income Before Tax	22.48	24.24	-18.67	9.29	7.29	-114.17	10.44	14.27	-0.23
Income Tax Expense	5.56	5.27	-1.22	2.72	3.40	-14.71	4.36	7.43	1.94
Net Income	16.84	18.96	-17.45	6.50	3.86	-99.46	6.06	6.84	-2.18
Net Income - Continuous Operations	16.92	18.97	-17.45	6.57	3.86	-99.46	6.06	6.84	-2.18
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	68.13	74.65	32.20	53.09	53.09	-65.51	62.67	56.63	35.54
EBIT	37.12	44.54	-1.90	19.80	18.17	4.96	-	-	-
Depreciation & Amortization	8.64	30.11	10.10	10.66	34.92	35.71	38.53	34.41	31.38
Earnings Per Share
Basic EPS	1.00	1.00	-1.00	-	-	-3.00	-	-	-
Diluted EPS	1.00	1.00	-1.00	-	-	-3.00	-	-	-
Basic Shares Outstanding	31.41	30.93	30.33	29.90	29.57	29.15	28.74	28.41	27.19
Diluted Shares Outstanding	32.06	31.61	30.33	30.23	30.13	29.15	29.05	29.43	28.42

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Mistras Group Financial Statements

What was Mistras Group's revenue in fiscal 2025?

Mistras Group reported revenue of $724.02M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 0.8% from $729.64M a year earlier.

Is Mistras Group profitable?

Yes. Mistras Group earned net income of $16.84M in fiscal 2025, a net margin of 2.3%. In fiscal 2024 it earned $18.96M.

What is Mistras Group's operating margin?

Mistras Group's operating income was $53.23M on revenue of $724.02M in fiscal 2025, an operating margin of 7.4%, compared with 5.5% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition