Company Analysis

Mistras Group Inc. (MG)

NYSE: MG · Services-Engineering Services · Princeton Junction, NJ · filing with the SEC since 2008
Grade3.7
◀ Past 3.2● Present 3.4▶ Future 4.7

The grade of Mistras Group Inc.

Nine metrics read from its own filings, by tense
Headline grade
3.7/10
◀ Past3.240% of the headline
● Present3.435% of the headline
▶ Future4.725% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

3.2/1040% of the headline grade · 3 of 3 filed

Surviving crises

as filed
2.8/10

Has it survived what it has been through?

3 warning events since 2017; the latest 2023-04-03.

weight 33% of this tense · 28th percentile among 9 sector filers · read for itself

From the record

Mistras Group Inc.'s filings since 2017 show 3 warning events of 2 kinds: an auditor change (8-K item 4.01, the latest 2023-04-03); a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2020-03-17) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
3.8/10

What has it actually done, year after year?

+0.6% a year over 10 filed years; profitable in 7 of 10.

weight 45% of this tense · 38th percentile among 9 sector filers · read for its customers

From the record

Mistras Group Inc.'s 10 filed years say what it did: revenue went from $685 million in fiscal 2016 to $724 million in fiscal 2025, up 0.6% a year; it rose in 7 of 9 years; the deepest fall was 21% from fiscal 2019 to fiscal 2020; net income was positive in 7 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span0.6%bottom 28% of its family
  • the share of years revenue rosetop 50% of its family
  • the share of filed years with a profitbottom 33% of its family
  • the deepest fall from a revenue peak20.8%bottom 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
2.8/10

How has it treated the people who own it?

Share count grew 2.0% a year. 0% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 22% of this tense · 28th percentile among 8 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Mistras Group Inc.'s diluted share count grew about 2.0% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-10-07 (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 31% of its family
  • cash returned against operating cash flowbottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

3.4/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
4.1/10

Is it financially healthy right now?

ROE 7%: 7¢ of profit per shareholder dollar. Leverage 59%: owes 59¢ per asset dollar.

weight 33% of this tense · 41st percentile among 9 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Mistras Group Inc. earned about 7 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 35 cents per dollar of everything the company owns. Leverage: it owed about 59 cents per dollar of assets, and net share issuance: its share count grew 1.4% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 28% of its family
  • return on equitybottom 28% of its family
  • gross profit against assetstop 36% of its family
  • the share count against the year beforebottom 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
3.1/10

How strong is its position in its industry?

bottom 31% of 9 in its family; net margin 2.3%.

weight 45% of this tense · 31st percentile among 9 sector filers · read for its customers

From the record

Mistras Group Inc.'s standing among 9 graded names in its industry family: revenue of $724 million in fiscal 2025 ranks in the top 50% by size; a net margin of 2.3% ranks in the bottom 28%; revenue growth of 1.7% a year over the last 3 filed years ranks in the bottom 17% (its annual reports).

What it rests on

  • revenue against the family$724Mtop 50% of its family
  • net margin2.3%bottom 28% of its family
  • three-year revenue growth1.7%bottom 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
2.9/10

What are the people in charge doing?

bottom 29% of 6 in its family for leadership; chief executive since 2025.

weight 22% of this tense · 29th percentile among 6 sector filers · read for its shareholders

From the record

Mistras Group Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Shuman-Fabbri, Natalia (President and CEO, as filed), filing under that title since 2025-01-10, 1.8 years (bottom 25% of its family); the 11 officers and directors filing in the last fifteen months have been on the record a median of 7.5 years (bottom 25%); 9 officer or director changes were reported on Form 8-K since 2023-11-13, against the 11 people in charge now (bottom 36%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge9 in three years among 11 peoplebottom 36% of its family
  • the median years the people in charge have filed7.5 yearsbottom 25% of its family
  • the chief executive's years on the record1.8 yearsbottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.7/1025% of the headline grade · 3 of 3 filed

Room to expand

as filed
3.3/10

How much room does it have to grow?

bottom 33% of 9 in its family for room to expand.

weight 33% of this tense · 33rd percentile among 9 sector filers · read for itself

From the record

Mistras Group Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $28 million against debt of $165 million leaves -23.7% of its assets as net cash, bottom 6% of its family; cash from operations less capital spending is 1.1% of revenue (bottom 39%); a gross margin of 28.2% (top 36%); research spending of 0.1% of revenue (bottom 25%) (its annual report).

What it rests on

  • cash less debt against assets-23.7%bottom 6% of its family
  • cash from operations less capital spending against revenue1.1%bottom 39% of its family
  • gross margin28.2%top 36% of its family
  • research spending against revenue0.1%bottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
3.8/10

What could actually drive growth from here?

bottom 38% of 9 in its family for growth drivers.

weight 33% of this tense · 38th percentile among 9 sector filers · read for its customers

From the record

Mistras Group Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 1.7% a year over the last three filed years against 0.6% over all 10, speeding up (bottom 28% of its family); the newest year grew -0.8% (bottom 6%); research spending grew -19.8% a year (bottom 25%); capital spending grew 25.1% a year (top 6%) (its annual reports). Mistras Group Inc. reported 8 product lines in fiscal 2025: Oil Gas at $397 million (55%), Aerospace and Defense at $94 million (13%), Industrials at $81 million (11%), and 5 more; 5 of 8 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+1.1 points a yearbottom 28% of its family
  • the newest year's revenue growth-0.8%bottom 6% of its family
  • three-year growth of research spending-19.8%bottom 25% of its family
  • three-year growth of capital spending25.1%top 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
7.1/10

Did its newest year beat what its own record pointed to?

top 29% of 8 in its family for expectations against reality.

weight 33% of this tense · 71st percentile among 8 sector filers · read for its shareholders

From the record

Mistras Group Inc.'s newest year against its own record: revenue of $724 million in fiscal 2025 came in 3.7% below the $752 million its prior three years' pace pointed to (top 44% of its family); net income of $17 million against a prior three-year average of $3 million (top 12%); a net margin of 2.3% against 0.4% before (top 31%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-3.7%top 44% of its family
  • net income against the prior three years' averagefive times its prior average or moretop 12% of its family
  • net margin against its prior average+2.0 pointstop 31% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton MG · research, not advice