Mistras Group (MG) Financials

$7.38 +0.10 (+1.30%)

Closing price 05/29/2025 03:59 PM Eastern

Extended Trading

$7.41 +0.03 (+0.34%)

As of 05/29/2025 04:04 PM Eastern

Annual Income Statements for Mistras Group

This table shows Mistras Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	19	-17	6.50
Consolidated Net Income / (Loss)	19	-17	6.57
Net Income / (Loss) Continuing Operations	19	-17	6.57
Total Pre-Tax Income	24	-19	9.29
Total Operating Income	40	-1.90	20
Total Gross Profit	213	204	198
Total Revenue	730	705	687
Operating Revenue	730	705	687
Total Cost of Revenue	517	502	489
Operating Cost of Revenue	517	502	489
Other Cost of Revenue	0.00	0.00	0.04
Total Operating Expenses	173	206	178
Selling, General & Admin Expense	156	167	166
Research & Development Expense	1.12	1.72	1.99
Depreciation Expense	9.41	10	11
Other Operating Expenses / (Income)	0.00	0.01	0.08
Impairment Charge	0.00	14	0.00
Restructuring Charge	5.52	12	0.20
Other Special Charges / (Income)	0.85	1.06	-0.99
Total Other Income / (Expense), net	-16	-17	-11
Interest Expense	17	17	11
Other Income / (Expense), net	1.49	-	-
Income Tax Expense	5.27	-1.22	2.72
Net Income / (Loss) Attributable to Noncontrolling Interest	0.01	0.01	0.08
Weighted Average Basic Shares Outstanding	30.93M	30.33M	29.90M
Weighted Average Diluted Shares Outstanding	31.61M	30.33M	30.23M
Weighted Average Basic & Diluted Shares Outstanding	31.03M	30.63M	29.93M

This table shows Mistras Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	5.19	6.40	6.37	1.00	-2.51	-10	0.34	-4.99	2.85	4.37
Consolidated Net Income / (Loss)	5.18	6.42	6.37	1.00	-2.51	-10	0.38	-4.98	2.87	4.39
Net Income / (Loss) Continuing Operations	5.18	6.42	6.37	1.00	-2.51	-10	0.38	-4.98	2.87	4.39
Total Pre-Tax Income	6.54	9.03	7.55	1.12	-3.95	-8.85	0.04	-5.90	2.09	6.38
Total Operating Income	10	12	12	5.55	0.72	-4.68	3.89	-1.83	5.81	9.11
Total Gross Profit	51	55	56	51	54	54	50	46	51	54
Total Revenue	173	183	190	184	182	179	176	168	168	178
Operating Revenue	173	183	190	184	182	179	176	168	168	178
Total Cost of Revenue	121	128	134	133	128	125	126	122	123	125
Operating Cost of Revenue	121	128	134	133	128	125	126	122	123	125
Total Operating Expenses	41	43	44	46	53	59	46	48	41	44
Selling, General & Admin Expense	35	39	41	41	43	40	41	43	43	41
Research & Development Expense	0.30	0.24	0.23	0.34	0.29	0.44	0.51	0.48	0.47	0.45
Depreciation Expense	2.24	2.33	2.39	2.45	2.55	2.59	2.44	2.53	-2.89	2.63
Other Operating Expenses / (Income)	0.00	0.00	0.00	0.00	0.01	0.00	0.00	0.00	-0.10	0.00
Restructuring Charge	1.30	2.14	0.52	1.56	6.25	2.70	1.24	2.08	-	0.13
Total Other Income / (Expense), net	-3.92	-2.82	-4.41	-4.43	-4.67	-4.17	-3.86	-4.07	-3.02	-3.43
Interest Expense	3.92	4.30	4.41	4.43	4.67	4.17	3.86	4.07	3.02	3.43
Income Tax Expense	1.36	2.62	1.17	0.12	-1.45	1.49	-0.34	-0.92	-0.78	1.99
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.02	0.02	0.00	0.01	0.00	-0.04	0.04	0.01	0.02	0.02
Weighted Average Basic Shares Outstanding	30.93M	31.00M	30.98M	30.68M	30.33M	30.40M	30.37M	30.02M	29.90M	29.97M
Weighted Average Diluted Shares Outstanding	31.61M	31.66M	31.29M	31.36M	30.33M	30.40M	30.66M	30.02M	30.23M	30.25M
Weighted Average Basic & Diluted Shares Outstanding	31.03M	31.01M	30.98M	30.97M	30.63M	30.35M	30.30M	30.30M	29.93M	29.90M

This table details how cash moves in and out of Mistras Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	0.67	-2.84	-3.62
Net Cash From Operating Activities	50	27	26
Net Cash From Continuing Operating Activities	50	27	26
Net Income / (Loss) Continuing Operations	19	-17	6.57
Consolidated Net Income / (Loss)	19	-17	6.57
Depreciation Expense	33	34	33
Non-Cash Adjustments To Reconcile Net Income	3.68	20	5.07
Changes in Operating Assets and Liabilities, net	-5.53	-9.42	-19
Net Cash From Investing Activities	-21	-22	-12
Net Cash From Continuing Investing Activities	-21	-22	-12
Purchase of Property, Plant & Equipment	-18	-21	-13
Sale of Property, Plant & Equipment	1.62	1.52	1.18
Other Investing Activities, net	-5.08	-2.80	-0.83
Net Cash From Financing Activities	-27	-7.71	-16
Net Cash From Continuing Financing Activities	-27	-7.71	-16
Repayment of Debt	-93	-85	-328
Issuance of Debt	72	84	318
Other Financing Activities, net	-6.80	-6.62	-5.52
Effect of Exchange Rate Changes	-0.69	-	-1.47
Cash Interest Paid	16	17	8.60
Cash Income Taxes Paid	6.41	6.90	-3.07

This table details how cash moves in and out of Mistras Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-2.04	3.18	0.32	-0.79	4.89	-5.25	1.28	-3.77	2.40	-0.53
Net Cash From Operating Activities	26	19	4.51	0.60	16	-7.64	14	4.43	16	2.72
Net Cash From Continuing Operating Activities	26	19	4.51	0.60	16	-7.64	14	4.43	16	2.72
Net Income / (Loss) Continuing Operations	5.18	6.42	6.37	1.00	-2.51	-10	0.38	-4.98	2.87	4.39
Consolidated Net Income / (Loss)	5.18	6.42	6.37	1.00	-2.51	-10	0.38	-4.98	2.87	4.39
Depreciation Expense	8.28	8.06	8.29	8.38	8.63	8.75	8.31	8.41	8.16	8.20
Non-Cash Adjustments To Reconcile Net Income	0.26	1.34	1.17	0.91	1.38	15	1.58	1.75	0.97	0.57
Changes in Operating Assets and Liabilities, net	12	3.55	-11	-9.69	8.56	-21	3.62	-0.75	3.88	-10
Net Cash From Investing Activities	-4.21	-5.94	-5.57	-5.65	-6.96	-5.36	-5.35	-4.46	-3.36	-2.38
Net Cash From Continuing Investing Activities	-4.21	-5.94	-5.57	-5.65	-6.96	-5.36	-5.35	-4.46	-3.36	-2.38
Purchase of Property, Plant & Equipment	-3.59	-4.72	-4.80	-4.80	-6.45	-4.60	-5.47	-4.33	-3.54	-2.36
Sale of Property, Plant & Equipment	0.63	0.21	0.51	0.27	0.42	0.29	0.58	0.23	0.43	0.16
Other Investing Activities, net	-1.25	-1.43	-1.29	-1.12	-0.93	-1.05	-0.46	-0.36	-0.25	-0.18
Net Cash From Financing Activities	-21	-12	0.13	5.13	-5.87	9.35	-7.24	-3.95	-12	0.30
Net Cash From Continuing Financing Activities	-21	-12	0.13	5.13	-5.87	9.35	-7.24	-3.95	-12	0.30
Repayment of Debt	-38	-30	-17	-6.91	-21	-9.63	-25	-29	-35	-236
Issuance of Debt	19	20	19	15	18	20	19	27	25	237
Other Financing Activities, net	-1.29	-1.35	-1.19	-2.97	-2.21	-0.94	-1.53	-1.95	-1.19	-1.04
Effect of Exchange Rate Changes	-2.34	-	-	-	-	-	-	0.21	-	-
Cash Interest Paid	2.98	4.25	4.32	4.03	4.40	3.78	3.79	5.11	3.25	1.83
Cash Income Taxes Paid	2.00	2.90	0.75	0.76	3.20	0.28	1.48	1.95	0.70	-0.30

This table presents Mistras Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	523	535	535
Total Current Assets	172	180	168
Cash & Equivalents	18	18	20
Accounts Receivable	127	133	124
Inventories, net	14	15	14
Prepaid Expenses	12	15	10
Plant, Property, & Equipment, net	81	81	78
Total Noncurrent Assets	270	273	289
Goodwill	181	187	200
Intangible Assets	40	44	49
Noncurrent Deferred & Refundable Income Taxes	6.27	2.32	0.78
Other Noncurrent Operating Assets	42	40	40
Total Liabilities & Shareholders' Equity	523	535	535
Total Liabilities	324	344	336
Total Current Liabilities	115	117	104
Short-Term Debt	12	8.90	7.43
Accounts Payable	11	17	13
Accrued Expenses	85	84	78
Current Deferred & Payable Income Tax Liabilities	1.66	1.10	1.73
Other Current Liabilities	5.32	5.16	4.20
Total Noncurrent Liabilities	209	228	232
Long-Term Debt	158	181	184
Noncurrent Deferred & Payable Income Tax Liabilities	1.97	2.55	6.28
Other Noncurrent Operating Liabilities	49	44	42
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	199	191	199
Total Preferred & Common Equity	199	190	198
Preferred Stock	0.00	0.00	0.00
Total Common Equity	199	190	198
Common Stock	251	247	243
Retained Earnings	-9.98	-29	-11
Accumulated Other Comprehensive Income / (Loss)	-43	-28	-33
Noncontrolling Interest	0.33	0.31	0.30

This table presents Mistras Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	552	548	542	537	541	531	540
Total Current Assets	193	193	187	183	171	166	174
Cash & Equivalents	20	17	17	13	18	17	18
Accounts Receivable	144	150	140	136	119	120	131
Inventories, net	15	15	15	16	16	15	13
Prepaid Expenses	14	11	15	18	18	14	12
Plant, Property, & Equipment, net	80	79	80	80	81	79	76
Total Noncurrent Assets	279	276	275	274	289	286	290
Goodwill	186	185	186	186	202	200	197
Intangible Assets	42	42	43	44	46	47	50
Noncurrent Deferred & Refundable Income Taxes	5.64	3.66	2.65	2.23	0.92	0.33	0.59
Other Noncurrent Operating Assets	45	46	44	42	40	38	42
Total Liabilities & Shareholders' Equity	552	548	542	537	541	531	540
Total Liabilities	346	355	355	351	340	335	353
Total Current Liabilities	115	115	115	111	110	103	108
Short-Term Debt	11	10	9.46	8.40	7.55	7.37	7.37
Accounts Payable	13	14	16	15	17	14	13
Accrued Expenses	86	86	84	82	79	77	83
Current Deferred & Payable Income Tax Liabilities	0.96	0.39	0.41	1.03	0.98	0.33	0.31
Other Current Liabilities	4.59	4.65	4.91	5.25	5.19	4.75	3.97
Total Noncurrent Liabilities	231	240	240	240	231	231	246
Long-Term Debt	179	190	189	185	176	182	194
Noncurrent Deferred & Payable Income Tax Liabilities	3.78	2.57	2.69	8.54	10	7.87	8.79
Other Noncurrent Operating Liabilities	48	48	48	46	44	42	43
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	206	193	187	186	201	196	187
Total Preferred & Common Equity	205	193	187	185	200	196	187
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	205	193	187	185	200	196	187
Common Stock	250	249	248	246	245	244	242
Retained Earnings	-15	-22	-28	-26	-16	-16	-14
Accumulated Other Comprehensive Income / (Loss)	-30	-34	-33	-34	-29	-32	-41
Noncontrolling Interest	0.34	0.32	0.32	0.31	0.35	0.31	0.28

This table displays calculated financial ratios and metrics derived from Mistras Group's official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	3.43%	2.63%	1.51%
EBITDA Growth	130.85%	-39.36%	0.00%
EBIT Growth	2,269.70%	-109.62%	8.97%
NOPAT Growth	2,438.11%	-109.52%	44.29%
Net Income Growth	208.74%	-365.36%	68.87%
EPS Growth	0.00%	-376.19%	0.00%
Operating Cash Flow Growth	87.41%	1.30%	-37.52%
Free Cash Flow Firm Growth	797.65%	-79.37%	-27.98%
Invested Capital Growth	-3.59%	-1.69%	-2.60%
Revenue Q/Q Growth	-1.26%	2.00%	-0.43%
EBITDA Q/Q Growth	17.15%	-12.56%	4.83%
EBIT Q/Q Growth	37.31%	-159.72%	21.48%
NOPAT Q/Q Growth	26.17%	-159.72%	73.90%
Net Income Q/Q Growth	68.05%	-44.50%	81.75%
EPS Q/Q Growth	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	23.67%	0.71%	-12.92%
Free Cash Flow Firm Q/Q Growth	164.39%	-10.74%	-43.85%
Invested Capital Q/Q Growth	-6.58%	-0.99%	-0.18%
Profitability Metrics	-	-	-
Gross Margin	29.21%	28.89%	28.83%
EBITDA Margin	10.19%	4.56%	7.72%
Operating Margin	5.46%	-0.27%	2.88%
EBIT Margin	5.66%	-0.27%	2.88%
Profit (Net Income) Margin	2.60%	-2.47%	0.96%
Tax Burden Percent	78.25%	93.46%	70.73%
Interest Burden Percent	58.69%	980.30%	46.94%
Effective Tax Rate	21.75%	0.00%	29.27%
Return on Invested Capital (ROIC)	8.74%	-0.36%	3.74%
ROIC Less NNEP Spread (ROIC-NNEP)	1.21%	-9.74%	-0.52%
Return on Net Nonoperating Assets (RNNOA)	1.01%	-8.60%	-0.45%
Return on Equity (ROE)	9.74%	-8.96%	3.29%
Cash Return on Invested Capital (CROIC)	12.39%	1.34%	6.37%
Operating Return on Assets (OROA)	7.81%	-0.36%	3.61%
Return on Assets (ROA)	3.59%	-3.26%	1.20%
Return on Common Equity (ROCE)	9.73%	-8.95%	3.29%
Return on Equity Simple (ROE_SIMPLE)	9.55%	-9.17%	3.31%
Net Operating Profit after Tax (NOPAT)	31	-1.33	14
NOPAT Margin	4.27%	-0.19%	2.04%
Net Nonoperating Expense Percent (NNEP)	7.52%	9.38%	4.26%
Return On Investment Capital (ROIC_SIMPLE)	8.46%	-0.35%	3.59%
Cost of Revenue to Revenue	70.79%	71.11%	71.18%
SG&A Expenses to Revenue	21.43%	23.64%	24.21%
R&D to Revenue	0.15%	0.24%	0.29%
Operating Expenses to Revenue	23.75%	29.16%	25.94%
Earnings before Interest and Taxes (EBIT)	41	-1.90	20
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	74	32	53
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.41	1.17	0.74
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.39	0.31	0.21
Price to Earnings (P/E)	14.82	0.00	22.68
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	6.75%	0.00%	4.41%
Enterprise Value to Invested Capital (EV/IC)	1.24	1.09	0.86
Enterprise Value to Revenue (EV/Rev)	0.59	0.56	0.46
Enterprise Value to EBITDA (EV/EBITDA)	5.82	12.28	6.00
Enterprise Value to EBIT (EV/EBIT)	10.47	0.00	16.08
Enterprise Value to NOPAT (EV/NOPAT)	13.88	0.00	22.74
Enterprise Value to Operating Cash Flow (EV/OCF)	8.63	14.78	12.06
Enterprise Value to Free Cash Flow (EV/FCFF)	9.79	80.28	13.35
Leverage & Solvency	-	-	-
Debt to Equity	0.85	1.00	0.96
Long-Term Debt to Equity	0.79	0.95	0.92
Financial Leverage	0.83	0.88	0.87
Leverage Ratio	2.72	2.75	2.75
Compound Leverage Factor	1.59	26.94	1.29
Debt to Total Capital	46.03%	49.99%	49.04%
Short-Term Debt to Total Capital	3.15%	2.34%	1.90%
Long-Term Debt to Total Capital	42.89%	47.65%	47.13%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.09%	0.08%	0.08%
Common Equity to Total Capital	53.88%	49.93%	50.88%
Debt to EBITDA	2.28	5.91	3.60
Net Debt to EBITDA	2.04	5.37	3.22
Long-Term Debt to EBITDA	2.13	5.64	3.46
Debt to NOPAT	5.44	-142.86	13.66
Net Debt to NOPAT	4.86	-129.62	12.19
Long-Term Debt to NOPAT	5.07	-136.18	13.13
Altman Z-Score	2.28	1.76	1.78
Noncontrolling Interest Sharing Ratio	0.16%	0.16%	0.13%
Liquidity Ratios	-	-	-
Current Ratio	1.50	1.55	1.62
Quick Ratio	1.27	1.29	1.39
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	44	4.92	24
Operating Cash Flow to CapEx	307.88%	138.32%	231.37%
Free Cash Flow to Firm to Interest Expense	2.59	0.29	2.27
Operating Cash Flow to Interest Expense	2.94	1.60	2.51
Operating Cash Flow Less CapEx to Interest Expense	1.98	0.44	1.43
Efficiency Ratios	-	-	-
Asset Turnover	1.38	1.32	1.25
Accounts Receivable Turnover	5.61	5.50	5.90
Inventory Turnover	34.70	34.79	37.29
Fixed Asset Turnover	9.02	8.90	8.38
Accounts Payable Turnover	36.69	33.94	38.52
Days Sales Outstanding (DSO)	65.06	66.36	61.91
Days Inventory Outstanding (DIO)	10.52	10.49	9.79
Days Payable Outstanding (DPO)	9.95	10.76	9.48
Cash Conversion Cycle (CCC)	65.63	66.09	62.22
Capital & Investment Metrics	-	-	-
Invested Capital	350	363	370
Invested Capital Turnover	2.05	1.93	1.84
Increase / (Decrease) in Invested Capital	-13	-6.26	-9.86
Enterprise Value (EV)	433	395	318
Market Capitalization	281	222	147
Book Value per Share	$6.40	$6.27	$6.64
Tangible Book Value per Share	($0.73)	($1.36)	($1.68)
Total Capital	369	381	390
Total Debt	170	190	191
Total Long-Term Debt	158	181	184
Net Debt	151	173	171
Capital Expenditures (CapEx)	16	19	11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	51	55	51
Debt-free Net Working Capital (DFNWC)	69	73	72
Net Working Capital (NWC)	58	64	64
Net Nonoperating Expense (NNE)	12	16	7.43
Net Nonoperating Obligations (NNO)	151	173	171
Total Depreciation and Amortization (D&A)	33	34	33
Debt-free, Cash-free Net Working Capital to Revenue	6.96%	7.81%	7.43%
Debt-free Net Working Capital to Revenue	9.48%	10.31%	10.41%
Net Working Capital to Revenue	7.89%	9.05%	9.33%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	30.93M	30.33M	0.00
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	31.61M	30.33M	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	31.03M	30.63M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	36	18	13
Normalized NOPAT Margin	4.95%	2.50%	1.96%
Pre Tax Income Margin	3.32%	-2.65%	1.35%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	2.42	-0.11	1.88
NOPAT to Interest Expense	1.83	-0.08	1.33
EBIT Less CapEx to Interest Expense	1.47	-1.27	0.80
NOPAT Less CapEx to Interest Expense	0.87	-1.23	0.25
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Mistras Group's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-5.13%	1.86%	7.81%	9.78%	8.24%	0.50%	-1.68%	3.93%	-1.72%	2.24%
EBITDA Growth	100.56%	426.14%	65.94%	111.67%	-33.11%	-76.51%	-31.08%	60.21%	21.24%	-2.44%
EBIT Growth	1,362.38%	384.86%	207.19%	403.44%	-87.69%	-151.37%	-59.35%	61.05%	151.82%	-1.32%
NOPAT Growth	1,553.47%	356.96%	-75.85%	487.55%	-93.71%	-152.21%	598.16%	61.05%	552.48%	38.27%
Net Income Growth	306.67%	162.06%	1,594.95%	120.17%	-187.37%	-335.28%	-91.94%	7.01%	3,285.56%	29.35%
EPS Growth	0.00%	0.00%	0.00%	117.65%	0.00%	0.00%	0.00%	5.56%	0.00%	0.00%
Operating Cash Flow Growth	59.72%	353.45%	-67.52%	-86.37%	1.19%	-380.57%	5.15%	182.11%	-19.79%	-37.32%
Free Cash Flow Firm Growth	215.35%	6,545.78%	-99.52%	-81.54%	-62.07%	-99.98%	154.88%	1,180.49%	-17.78%	1,067.46%
Invested Capital Growth	-3.59%	2.18%	2.68%	0.07%	-1.69%	-0.89%	-5.00%	-6.76%	-2.60%	-8.51%
Revenue Q/Q Growth	-5.45%	-3.73%	2.89%	1.30%	1.52%	1.89%	4.77%	-0.12%	-5.74%	-0.32%
EBITDA Q/Q Growth	-12.40%	5.65%	45.31%	49.12%	129.81%	-66.68%	85.36%	-52.87%	-19.31%	-2.22%
EBIT Q/Q Growth	-21.60%	11.52%	115.36%	676.64%	115.27%	-220.27%	312.73%	-131.51%	-36.28%	-4.82%
NOPAT Q/Q Growth	-1.73%	-16.62%	103.44%	891.92%	115.27%	-107.84%	3,364.79%	-116.10%	26.77%	4.80%
Net Income Q/Q Growth	-19.31%	0.67%	534.76%	140.08%	75.77%	-2,849.47%	107.55%	-273.63%	-34.75%	-5.83%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	32.56%	329.08%	646.85%	-96.24%	310.34%	-154.99%	213.29%	-72.08%	483.21%	-79.39%
Free Cash Flow Firm Q/Q Growth	4,757.63%	48.68%	-93.73%	-30.38%	102,271.21%	-99.99%	139.86%	43.01%	-56.25%	69.83%
Invested Capital Q/Q Growth	-6.58%	-0.30%	1.89%	1.59%	-0.99%	0.19%	-0.70%	-0.20%	-0.18%	-3.97%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	29.71%	29.87%	29.57%	27.70%	29.45%	30.32%	28.25%	27.42%	30.28%	30.14%
EBITDA Margin	10.85%	11.71%	10.67%	7.55%	5.13%	2.27%	6.93%	3.92%	8.30%	9.70%
Operating Margin	6.05%	6.49%	6.30%	3.01%	0.39%	-2.61%	2.21%	-1.09%	3.45%	5.11%
EBIT Margin	6.05%	7.30%	6.30%	3.01%	0.39%	-2.61%	2.21%	-1.09%	3.45%	5.11%
Profit (Net Income) Margin	3.00%	3.51%	3.36%	0.54%	-1.38%	-5.76%	0.21%	-2.96%	1.70%	2.46%
Tax Burden Percent	79.15%	71.02%	84.46%	89.40%	63.37%	116.83%	1,074.29%	84.40%	137.05%	68.88%
Interest Burden Percent	62.56%	67.74%	63.10%	20.22%	-552.87%	189.00%	0.90%	322.30%	36.03%	69.99%
Effective Tax Rate	20.85%	28.98%	15.54%	10.60%	0.00%	0.00%	-974.29%	0.00%	-37.05%	31.12%
Return on Invested Capital (ROIC)	9.80%	9.18%	10.55%	5.27%	0.53%	-3.43%	43.66%	-1.38%	8.68%	6.27%
ROIC Less NNEP Spread (ROIC-NNEP)	7.89%	8.04%	8.41%	3.03%	-1.22%	-7.31%	20.44%	-3.38%	5.77%	5.29%
Return on Net Nonoperating Assets (RNNOA)	6.56%	7.20%	7.43%	2.80%	-1.08%	-7.14%	18.48%	-3.19%	5.04%	5.28%
Return on Equity (ROE)	16.36%	16.38%	17.98%	8.07%	-0.55%	-10.57%	62.14%	-4.57%	13.73%	11.54%
Cash Return on Invested Capital (CROIC)	12.39%	4.51%	-0.09%	0.97%	1.34%	1.50%	9.74%	11.11%	6.37%	10.97%
Operating Return on Assets (OROA)	8.35%	9.91%	8.51%	4.05%	0.52%	-3.35%	2.79%	-1.38%	4.33%	6.25%
Return on Assets (ROA)	4.13%	4.77%	4.54%	0.73%	-1.81%	-7.40%	0.27%	-3.74%	2.14%	3.01%
Return on Common Equity (ROCE)	16.34%	16.36%	17.95%	8.05%	-0.55%	-10.55%	62.04%	-4.56%	13.71%	11.53%
Return on Equity Simple (ROE_SIMPLE)	0.00%	5.50%	-2.83%	-6.13%	0.00%	-6.51%	1.33%	3.55%	0.00%	1.94%
Net Operating Profit after Tax (NOPAT)	8.28	8.42	10	4.96	0.50	-3.28	42	-1.28	7.96	6.28
NOPAT Margin	4.79%	4.61%	5.32%	2.69%	0.27%	-1.83%	23.76%	-0.76%	4.73%	3.52%
Net Nonoperating Expense Percent (NNEP)	1.91%	1.14%	2.14%	2.24%	1.75%	3.88%	23.23%	1.99%	2.92%	0.97%
Return On Investment Capital (ROIC_SIMPLE)	2.25%	-	-	-	0.13%	-	-	-	2.04%	-
Cost of Revenue to Revenue	70.29%	70.13%	70.43%	72.30%	70.55%	69.68%	71.75%	72.58%	72.84%	69.86%
SG&A Expenses to Revenue	20.48%	21.28%	21.58%	22.33%	23.56%	22.04%	23.57%	25.49%	25.48%	22.84%
R&D to Revenue	0.18%	0.13%	0.12%	0.19%	0.16%	0.24%	0.29%	0.29%	0.28%	0.25%
Operating Expenses to Revenue	23.66%	23.38%	23.27%	24.69%	29.06%	32.93%	26.03%	28.51%	24.12%	24.64%
Earnings before Interest and Taxes (EBIT)	10	13	12	5.55	0.72	-4.68	3.89	-1.83	5.81	9.11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	19	21	20	14	9.34	4.07	12	6.58	14	17
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.41	1.72	1.33	1.56	1.17	0.89	1.17	1.04	0.74	0.71
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.39	0.48	0.35	0.41	0.31	0.24	0.34	0.29	0.21	0.19
Price to Earnings (P/E)	14.82	31.28	0.00	0.00	0.00	0.00	91.02	29.51	22.68	37.36
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	6.75%	3.20%	0.00%	0.00%	0.00%	0.00%	1.10%	3.39%	4.41%	2.68%
Enterprise Value to Invested Capital (EV/IC)	1.24	1.39	1.17	1.29	1.09	0.94	1.09	1.02	0.86	0.85
Enterprise Value to Revenue (EV/Rev)	0.59	0.71	0.60	0.66	0.56	0.50	0.58	0.54	0.46	0.46
Enterprise Value to EBITDA (EV/EBITDA)	5.82	8.23	9.24	12.01	12.28	9.41	7.99	6.76	6.00	6.25
Enterprise Value to EBIT (EV/EBIT)	10.47	17.35	32.45	86.65	0.00	108.71	23.55	16.58	16.08	19.41
Enterprise Value to NOPAT (EV/NOPAT)	13.88	21.13	46.36	123.79	0.00	155.30	23.10	23.94	22.74	39.28
Enterprise Value to Operating Cash Flow (EV/OCF)	8.63	12.88	32.46	20.71	14.78	13.05	10.83	10.37	12.06	10.43
Enterprise Value to Free Cash Flow (EV/FCFF)	9.79	31.22	0.00	132.83	80.28	62.83	10.93	8.85	13.35	7.45
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.85	0.92	1.03	1.06	1.00	1.04	0.92	0.97	0.96	1.08
Long-Term Debt to Equity	0.79	0.87	0.98	1.01	0.95	1.00	0.88	0.93	0.92	1.04
Financial Leverage	0.83	0.90	0.88	0.92	0.88	0.98	0.90	0.94	0.87	1.00
Leverage Ratio	2.72	2.78	2.76	2.80	2.75	2.89	2.78	2.79	2.75	2.91
Compound Leverage Factor	1.70	1.88	1.74	0.57	-15.19	5.46	0.03	9.01	0.99	2.03
Debt to Total Capital	46.03%	48.00%	50.79%	51.42%	49.99%	51.06%	47.81%	49.12%	49.04%	51.82%
Short-Term Debt to Total Capital	3.15%	2.71%	2.55%	2.45%	2.34%	2.21%	1.97%	1.91%	1.90%	1.90%
Long-Term Debt to Total Capital	42.89%	45.29%	48.24%	48.97%	47.65%	48.85%	45.84%	47.21%	47.13%	49.93%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.09%	0.09%	0.08%	0.08%	0.08%	0.08%	0.09%	0.08%	0.08%	0.07%
Common Equity to Total Capital	53.88%	51.92%	49.12%	48.50%	49.93%	48.85%	52.10%	50.80%	50.88%	48.10%
Debt to EBITDA	2.28	2.99	4.20	5.02	5.91	5.27	3.67	3.41	3.60	3.97
Net Debt to EBITDA	2.04	2.67	3.84	4.59	5.37	4.92	3.31	3.11	3.22	3.62
Long-Term Debt to EBITDA	2.13	2.82	3.99	4.78	5.64	5.04	3.52	3.27	3.46	3.83
Debt to NOPAT	5.44	7.68	21.06	51.74	-142.86	86.87	10.61	12.06	13.66	24.99
Net Debt to NOPAT	4.86	6.86	19.25	47.34	-129.62	81.16	9.57	10.99	12.19	22.74
Long-Term Debt to NOPAT	5.07	7.25	20.01	49.27	-136.18	83.11	10.17	11.59	13.13	24.07
Altman Z-Score	2.09	2.16	1.97	1.95	1.78	1.63	1.81	1.76	1.70	1.67
Noncontrolling Interest Sharing Ratio	0.16%	0.16%	0.17%	0.16%	0.16%	0.16%	0.15%	0.14%	0.13%	0.13%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.50	1.68	1.69	1.63	1.55	1.65	1.56	1.61	1.62	1.62
Quick Ratio	1.27	1.43	1.46	1.37	1.29	1.34	1.25	1.33	1.39	1.39
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	21	0.44	0.30	4.70	6.76	0.01	61	25	18	41
Operating Cash Flow to CapEx	866.24%	429.47%	105.35%	13.33%	266.14%	-177.07%	284.01%	108.15%	509.47%	123.90%
Free Cash Flow to Firm to Interest Expense	5.43	0.10	0.07	1.06	1.45	0.00	15.84	6.26	5.89	11.88
Operating Cash Flow to Interest Expense	6.54	4.50	1.02	0.14	3.44	-1.83	3.60	1.09	5.25	0.79
Operating Cash Flow Less CapEx to Interest Expense	5.79	3.45	0.05	-0.89	2.15	-2.87	2.33	0.08	4.22	0.15
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.38	1.36	1.35	1.35	1.32	1.28	1.26	1.26	1.25	1.22
Accounts Receivable Turnover	5.61	5.27	5.47	5.54	5.50	5.17	5.56	5.61	5.90	5.33
Inventory Turnover	34.70	34.57	33.56	34.39	34.79	34.14	34.13	35.79	37.29	38.83
Fixed Asset Turnover	9.02	9.26	9.19	9.11	8.90	8.87	0.00	0.00	8.38	0.00
Accounts Payable Turnover	36.69	37.53	33.82	35.06	33.94	36.14	28.85	8.62	38.52	37.77
Days Sales Outstanding (DSO)	65.06	69.26	66.67	65.94	66.36	70.65	65.62	65.11	61.91	68.50
Days Inventory Outstanding (DIO)	10.52	10.56	10.87	10.61	10.49	10.69	10.69	10.20	9.79	9.40
Days Payable Outstanding (DPO)	9.95	9.73	10.79	10.41	10.76	10.10	12.65	42.33	9.48	9.66
Cash Conversion Cycle (CCC)	65.63	70.10	66.75	66.14	66.09	71.25	63.66	32.98	62.22	68.23
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	350	375	376	369	363	367	366	369	370	370
Invested Capital Turnover	2.05	1.99	1.98	1.96	1.93	1.88	1.84	1.82	1.84	1.78
Increase / (Decrease) in Invested Capital	-13	7.98	9.81	0.26	-6.26	-3.28	-19	-27	-9.86	-34
Enterprise Value (EV)	433	522	440	475	395	347	400	376	318	316
Market Capitalization	281	352	257	293	222	165	234	203	147	133
Book Value per Share	$6.40	$6.62	$6.24	$6.11	$6.27	$6.12	$6.61	$6.54	$6.64	$6.27
Tangible Book Value per Share	($0.73)	($0.72)	($1.08)	($1.35)	($1.36)	($1.47)	($1.57)	($1.72)	($1.68)	($2.05)
Total Capital	369	395	393	386	381	380	384	385	390	388
Total Debt	170	190	200	198	190	194	184	189	191	201
Total Long-Term Debt	158	179	190	189	181	185	176	182	184	194
Net Debt	151	169	183	182	173	181	166	173	171	183
Capital Expenditures (CapEx)	2.96	4.51	4.28	4.53	6.04	4.31	4.89	4.10	3.12	2.20
Debt-free, Cash-free Net Working Capital (DFCFNWC)	51	69	72	65	55	68	51	53	51	56
Debt-free Net Working Capital (DFNWC)	69	89	89	82	73	80	69	70	72	74
Net Working Capital (NWC)	58	78	79	72	64	72	61	63	64	67
Net Nonoperating Expense (NNE)	3.10	2.01	3.73	3.96	3.01	7.06	41	3.70	5.09	1.88
Net Nonoperating Obligations (NNO)	151	169	183	182	173	181	166	173	171	183
Total Depreciation and Amortization (D&A)	8.28	8.06	8.29	8.38	8.63	8.75	8.31	8.41	8.16	8.20
Debt-free, Cash-free Net Working Capital to Revenue	6.96%	9.27%	9.75%	8.96%	7.81%	9.78%	7.34%	7.69%	7.43%	8.14%
Debt-free Net Working Capital to Revenue	9.48%	12.03%	12.09%	11.30%	10.31%	11.62%	9.94%	10.10%	10.41%	10.76%
Net Working Capital to Revenue	7.89%	10.58%	10.73%	9.99%	9.05%	10.41%	8.85%	9.04%	9.33%	9.69%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.03	$0.00	$0.00	$0.00	($0.17)	$0.00	$0.15
Adjusted Weighted Average Basic Shares Outstanding	30.93M	31.00M	30.98M	30.68M	30.33M	30.40M	30.37M	30.02M	29.90M	29.97M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.03	$0.00	$0.00	$0.00	($0.17)	$0.00	$0.14
Adjusted Weighted Average Diluted Shares Outstanding	31.61M	31.66M	31.29M	31.36M	30.33M	30.40M	30.66M	30.02M	30.23M	30.25M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	31.03M	31.01M	30.98M	30.97M	30.63M	30.35M	30.30M	30.30M	29.93M	29.90M
Normalized Net Operating Profit after Tax (NOPAT)	9.30	9.33	11	6.36	4.88	8.27	3.70	0.17	4.06	6.37
Normalized NOPAT Margin	5.39%	5.11%	5.58%	3.45%	2.68%	4.61%	2.10%	0.10%	2.42%	3.57%
Pre Tax Income Margin	3.79%	4.94%	3.98%	0.61%	-2.17%	-4.93%	0.02%	-3.51%	1.24%	3.57%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.67	3.10	2.71	1.25	0.15	-1.12	1.01	-0.45	1.92	2.66
NOPAT to Interest Expense	2.11	1.96	2.29	1.12	0.11	-0.79	10.84	-0.31	2.63	1.83
EBIT Less CapEx to Interest Expense	1.91	2.05	1.74	0.23	-1.14	-2.16	-0.26	-1.46	0.89	2.02
NOPAT Less CapEx to Interest Expense	1.36	0.91	1.32	0.10	-1.19	-1.82	9.57	-1.32	1.60	1.19
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Mistras Group's Financials

When does Mistras Group's fiscal year end?

According to the most recent income statement we have on file, Mistras Group's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Mistras Group's net income changed over the last 2 years?

Mistras Group's net income appears to be on an upward trend, with a most recent value of $18.97 million in 2024, rising from $6.57 million in 2022. The previous period was -$17.45 million in 2023.

What is Mistras Group's operating income?

Mistras Group's total operating income in 2024 was $39.83 million, based on the following breakdown:

Total Gross Profit: $213.11 million
Total Operating Expenses: $173.28 million

How has Mistras Group revenue changed over the last 2 years?

Over the last 2 years, Mistras Group's total revenue changed from $687.37 million in 2022 to $729.64 million in 2024, a change of 6.1%.

How much debt does Mistras Group have?

Mistras Group's total liabilities were at $324.14 million at the end of 2024, a 5.8% decrease from 2023, and a 3.6% decrease since 2022.

How much cash does Mistras Group have?

In the past 2 years, Mistras Group's cash and equivalents has ranged from $17.65 million in 2023 to $20.49 million in 2022, and is currently $18.32 million as of their latest financial filing in 2024.

How has Mistras Group's book value per share changed over the last 2 years?

Over the last 2 years, Mistras Group's book value per share changed from 6.64 in 2022 to 6.40 in 2024, a change of -3.5%.

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This page (NYSE:MG) was last updated on 5/30/2025 by MarketBeat.com Staff

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Mistras Group (MG) Financials

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Mistras Group (MG) Financials

Annual Income Statements for Mistras Group

Quarterly Income Statements for Mistras Group

Annual Cash Flow Statements for Mistras Group

Quarterly Cash Flow Statements for Mistras Group

Annual Balance Sheets for Mistras Group

Quarterly Balance Sheets for Mistras Group

Annual Metrics And Ratios for Mistras Group

Quarterly Metrics And Ratios for Mistras Group

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