Mistras Group (MG) Balance Sheet: Assets & Liabilities

Mistras Group (MG) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Mistras Group reported total assets of $578.78M and total liabilities of $343.14M. Shareholders' equity was $235.65M, up 18.7% from $198.57M a year earlier. Total debt stood at $195.90M against $28.01M in cash and short-term investments, a net debt position of $167.89M. That puts debt-to-equity at 0.83, compared with 1.01 a year earlier.

Mistras Group Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Mistras Group, Inc. (MG) - 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
Current Assets
Cash and Cash Equivalents	28.01	18.32	17.65	20.49	24.11	25.76	15.02	25.54	27.54
Cash & Short-Term Investments	28.01	18.32	17.65	20.49	24.11	25.76	15.02	25.54	27.54
Accounts Receivable	154.67	127.28	132.85	123.66	109.51	107.63	136.00	148.32	138.08
Inventory	14.00	14.49	15.28	13.56	12.69	13.13	13.41	13.05	10.50
Other Current Assets	19.51	12.39	14.58	10.18	15.03	16.07	14.73	31.74	37.77
Total Current Assets	216.19	172.47	180.36	167.88	161.34	162.59	179.16	202.79	195.01
Non-Current Assets
Property, Plant & Equipment (Net)	93.16	80.89	80.97	77.56	86.58	139.41	98.61	93.90	87.14
Goodwill	184.83	181.44	187.35	199.64	205.44	206.01	282.41	279.26	203.44
Intangible Assets	38.41	39.71	43.99	49.02	59.38	68.64	109.54	111.40	63.74
Other Non-Current Assets	46.19	42.26	39.78	40.81	47.29	4.60	48.38	4.77	3.51
Total Non-Current Assets	277.99	350.57	354.42	367.02	400.86	420.73	540.72	491.25	359.43
Total Assets	578.78	523.04	534.78	534.90	562.20	583.31	719.88	694.04	554.44
Current Liabilities
Accounts Payable	14.94	11.13	17.03	12.53	12.87	14.24	15.03	13.86	10.36
Short-Term Debt	30.76	28.28	24.75	7.43	20.16	10.68	20.86	14.68	14.11
Current Portion of Long-Term Debt	12.85	11.59	8.90	7.43	20.16	10.68	-	-	-
Accrued Liabilities	88.03	85.23	84.33	77.84	59.28	60.31	-	-	-
Deferred Revenue	9.10	8.10	7.14	7.52	6.20	6.54	5.86	5.05	6.34
Other Current Liabilities	1.47	65.76	66.51	1.73	1.83	1.30	65.40	64.93	53.35
Total Current Liabilities	124.31	114.93	116.52	103.73	121.42	109.85	109.24	100.47	90.23
Non-Current Liabilities
Long-Term Debt	165.14	173.22	192.76	183.83	182.40	209.54	261.16	292.86	173.26
Deferred Tax Liabilities	1.87	1.97	2.55	6.28	8.39	8.24	21.29	23.15	8.80
Other Non-Current Liabilities	36.35	34.03	32.44	38.56	39.33	9.67	42.16	6.48	11.36
Total Non-Current Liabilities	218.83	209.22	227.75	232.43	239.87	276.25	324.62	322.49	193.42
Total Liabilities	343.14	324.14	344.27	336.16	361.28	386.09	433.86	422.96	283.65
Stockholders' Equity
Common Stock	0.50	0.40	0.31	0.30	0.30	0.29	0.29	0.29	0.28
Retained Earnings	6.85	-9.98	-28.94	-11.49	-17.99	-21.85	77.61	71.55	64.72
Accumulated Other Comprehensive Income	-29.11	-42.68	-28.34	-33.39	-20.31	-16.06	-21.29	-27.56	-16.81
Additional Paid-in Capital	256.86	250.83	247.17	243.03	238.69	234.64	229.21	226.62	222.43
Minority Interest	0.54	0.33	0.31	0.30	0.23	0.20	0.20	0.18	0.17
Shares Outstanding	31.57	31.01	30.60	29.90	29.55	-	-	-	-
Total Stockholders' Equity	235.65	198.57	190.19	198.75	200.68	197.22	285.82	270.90	270.62
Total Liabilities & Equity	578.78	523.04	534.78	534.90	562.20	583.31	719.88	694.04	554.44

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 Balance Sheet

How much debt does Mistras Group have?

Mistras Group had total debt of $195.90M as of Dec 31, 2025, against $28.01M in cash and short-term investments. Its debt-to-equity ratio was 0.83. Total debt was $201.50M a year earlier.

What are Mistras Group's total assets?

Mistras Group reported total assets of $578.78M as of Dec 31, 2025, up 10.7% from $523.04M a year earlier. Total liabilities were $343.14M.

What is Mistras Group's shareholders' equity?

Mistras Group's shareholders' equity was $235.65M as of Dec 31, 2025, or about $7.46 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition