Mistras Group (MG) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Mistras Group

NYSE•Industrials•Security & Protection Services

$19.81+0.46(0.02%)Pre-market

Market Cap

$631.53M

P/E

23.4x

P/S

0.9x

P/B

2.6x

Mistras Group, Inc. provides technology-enabled industrial asset integrity and laboratory testing solutions in the United States, Europe, the Middle East, Africa, Asia, and South America. The company offers non-destructive testing (NDT) services; pipeline inspections; Plant Condition Management Software; maintenance planning; and specialized engineering solutions. It also provides maintenance and light mechanical services, such as corrosion removal, mitigation and prevention, insulation installation and removal, electrical services, heat tracing, industrial cleaning, pipefitting, and welding; engineering consulting services, including plant operations and management support, turnaround/shutdown planning, profit improvement, facilities planning studies, engineering design, process safety reviews, energy optimization evaluations, benchmarking/key performance indicator development, and technical training. In addition, the company offers scaffolding and rope access forb at-height and confined assets; certified divers for subsea inspection and maintenance; unmanned aerial, land-based, and subsea systems for inspection applications; portable, handheld, wireless and turnkey NDT equipment; acoustic emission products and sensors, instruments, and turnkey systems for monitoring and testing materials, pressure components, processes, and structures; and ultrasonic testing equipment. Further, it provides asset protection solutions to detect, mitigate, and prevent degradation mechanisms, such as corrosion, cracking, leaks, and manufacturing defects; inspection, maintenance, and monitoring and data services; and quality assurance and quality control solutions for new and existing metal and alloy components, materials, and composites. It serves renewable energy, alternative power generation, natural gas transportation, data centers, pipeline integrity, and additive manufacturing industries. The company was founded in 1978 and is headquartered in Princeton Junction, New Jersey.

How this company scores

GoodMetricSide Score: 75/100

Strongest: Cash & Earnings Quality (22/25); weakest: Balance Sheet & Red Flags (17/25).

Profitability19/25

Growth17/25

Balance Sheet & Red Flags17/25

Cash & Earnings Quality22/25

Strengths

Rising free cash flowRising earningsCash-backed earningsProfit converts from growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 23.4x5y range 14.7x – 126.1x

Currently below its 16-quarter median.

P/S · 0.9x5y range 0.4x – 0.9x

Currently above its 20-quarter median.

P/B · 2.6x5y range 1.2x – 2.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $631.53M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $739.17M
Q. Revenue: $193.13M
TTM EBITDA: $60.16M
TTM Op. Income: $50.78M
Q. Op. Income: $12.95M
TTM Net Income: $26.98M
Q. Net Income: $7.58M
EPS: $0.24
Shares Out.: $31.83M

$739.17M in TTM revenue grew 5.2% YoY, reaching $193.13M last quarter. TTM EBITDA of $60.16M and TTM operating income of $50.78M show growth is flowing through to the bottom line. TTM net income of $26.98M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 4 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 29.2%
EBITDA Margin: 8.0%
Op. Margin: 6.7%
Net Margin: 3.9%

Op. margin of 6.7% is up 2.2% YoY — cost efficiency is improving. Net margin at 3.9% and gross margin of 29.2% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 47% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 23.4x
P/S Ratio: 0.9x
P/B Ratio: 2.6x

At 23.4x P/E, the stock trades within typical market levels. P/S of 0.9x and P/B of 2.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 6% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $584.12M
Cash: $21.99M
Long-Term Debt: $159.26M
Book Value: $239.96M
D/E Ratio: 0.7
Debt/EBITDA: 10.3

With $584.12M in assets and $159.26M in long-term debt, D/E is 0.7and book value is $239.96M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 19% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $14.91M
TTM Free Cash Flow: $28.92M
FCF Margin: 3.9%
FCF / Net Income: 1.1

TTM FCF of $28.92M on $14.91M in operating cash flow. The FCF / Net Income ratio of 1.1x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 25% — an improving trend.