Mistras Group (MG) AI Stock Analysis

• Market Cap: $368.80M
• Dividend Yield: N/A
• Average Volume (3M): 131.78K
• Price to Earnings (P/E): 20.5
• Beta (1Y): 0.90
• Revenue Growth: -3.20%
• EPS Growth: 60.03%
• Country: US
• Employees: 4,800
• Sector: Industrials
• Sector Strength: 72
• Industry: Security & Protection Services
• EPS (TTM): 0.46
• Shares Outstanding: 31,548,153
• 10 Day Avg. Volume: 228,027
• 30 Day Avg. Volume: 131,781
• PEG Ratio: -0.07
• Price to Book (P/B): 1.41
• Price to Sales (P/S): 0.38
• P/FCF Ratio: 10.32
• Enterprise Value/Market Cap: 1.41
• Enterprise Value/Revenue: 0.73
• Enterprise Value/Gross Profit: 2.48
• Enterprise Value/Ebitda: 7.47
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 67 Neutral
• Price Target: $12.50 ▲(28.60% Upside)

Mistras Group's overall stock score is driven by strong technical indicators and a positive earnings call, reflecting robust revenue growth and operational efficiency. However, challenges in profitability, cash flow management, and valuation concerns moderate the score.

Mistras Group Business Overview & Revenue Model

Company Description

Mistras Group, Inc. is a leading global provider of asset protection solutions, offering a comprehensive suite of services to a variety of industries including oil and gas, power generation, aerospace, and manufacturing. The company specializes in non-destructive testing (NDT), inspection, and reliability engineering, as well as condition monitoring and other technical services that ensure the safety and integrity of critical infrastructure. Mistras Group operates across multiple sectors, providing innovative technology and expertise to help clients manage risk and improve operational efficiency.

How the Company Makes Money

Mistras Group generates revenue primarily through the provision of its core services, which include non-destructive testing, inspection services, and engineering solutions. The company's revenue model is largely based on service contracts, project-based work, and long-term agreements with clients in various industries. Key revenue streams include inspections for infrastructure integrity, maintenance services, and consulting on asset reliability. Additionally, Mistras Group benefits from strategic partnerships with major corporations and government entities, which enhance its market reach and service offerings. The company also invests in technology development and innovation, allowing it to offer advanced solutions that meet evolving industry standards and client needs, further contributing to its earnings.

Mistras Group Financial Statement Overview

Summary

Mistras Group shows stable revenue growth and improved operational efficiency, but faces challenges in profitability and cash flow management. The reduction in leverage is positive, enhancing financial stability. However, the sharp decline in free cash flow and low net profit margin are concerning.

Income Statement

Mistras Group shows a stable revenue growth trend with a TTM growth rate of 1.83%. The gross profit margin is consistent around 28-29%, indicating efficient cost management. However, the net profit margin is relatively low at 2.53% TTM, suggesting limited profitability. The EBIT and EBITDA margins have improved over time, reflecting better operational efficiency.

Balance Sheet

The company has significantly reduced its debt-to-equity ratio from 1.17 to 0.15 TTM, enhancing financial stability. The return on equity is modest at 8.63% TTM, indicating decent returns for shareholders. The equity ratio is stable, showing a balanced capital structure.

Cash Flow

Free cash flow has declined sharply by 80.17% TTM, posing a risk to liquidity. The operating cash flow to net income ratio is low at 0.21, indicating potential cash flow challenges. However, the free cash flow to net income ratio remains positive, suggesting some ability to generate cash relative to earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	715.30M	729.64M	705.47M	687.37M	677.13M	592.57M
Gross Profit	209.89M	213.11M	203.81M	198.17M	197.15M	178.53M
EBITDA	69.71M	74.32M	32.20M	53.09M	53.09M	-65.51M
Net Income	18.13M	18.96M	-17.45M	6.50M	3.86M	-99.46M
Balance Sheet
Total Assets	596.26M	523.04M	534.78M	534.90M	562.20M	583.31M
Cash, Cash Equivalents and Short-Term Investments	27.80M	18.32M	17.65M	20.49M	24.11M	25.76M
Total Debt	234.37M	201.50M	217.50M	215.87M	226.12M	245.44M
Total Liabilities	368.43M	324.14M	344.27M	336.15M	361.28M	386.09M
Stockholders Equity	227.40M	198.57M	190.19M	198.45M	200.68M	197.02M
Cash Flow
Free Cash Flow	2.10M	27.14M	3.10M	12.99M	22.98M	52.03M
Operating Cash Flow	26.50M	50.13M	26.75M	26.41M	42.26M	67.80M
Investing Cash Flow	-23.18M	-21.37M	-22.13M	-12.24M	-18.55M	-14.97M
Financing Cash Flow	5.07M	-27.40M	-7.71M	-16.32M	-23.25M	-44.17M

Mistras Group Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 9.72
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MG, the sentiment is Positive. The current price of 9.72 is below the 20-day moving average (MA) of 11.39, below the 50-day MA of 10.39, and above the 200-day MA of 9.28, indicating a bullish trend. The MACD of 0.47 indicates Positive momentum. The RSI at 53.56 is Neutral, neither overbought nor oversold. The STOCH value of 15.72 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MG.

Mistras Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NSSC	77 Outperform	$1.38B	31.57	25.03%	1.30%	-2.28%	-9.94%
MSA	70 Outperform	$6.03B	21.71	23.35%	1.36%	3.31%	2.58%
ADT	70 Outperform	$6.47B	11.26	17.24%	2.71%	4.77%	-22.78%
MG	67 Neutral	$368.80M	20.49	8.42%	―	-3.20%	60.03%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
REZI	49 Neutral	$4.68B	―	-20.90%	―	15.45%	-488.24%
EVLV	45 Neutral	$1.08B	―	-51.67%	―	41.61%	-1.76%

Mistras Group Corporate Events

MISTRAS Reports Strong Q3 2025 Financial Results

MISTRAS Group, Inc. is a global leader in technology-enabled industrial asset integrity and testing solutions, serving critical industries such as oil & gas, aerospace & defense, and power & utilities, with a focus on reducing risk and optimizing operational performance through advanced non-destructive testing and real-time condition monitoring.

Mistras Group Reports Strong Earnings Amid Challenges

Mistras Group’s recent earnings call presented a mixed but predominantly positive sentiment, highlighting strong performance metrics such as significant revenue growth and record adjusted EBITDA. However, the company also faced challenges with cash flow, field services revenue, and increased debt levels, which tempered the overall enthusiasm.

Mistras Group Awards CEO Stock Units and Options

On September 8, 2025, Mistras Group awarded its CEO, Natalia Shuman, 25,000 restricted stock units and options to purchase 35,000 shares of common stock. These awards are part of a strategic decision by the Compensation Committee to align the CEO’s interests with shareholders and promote long-term company performance. The RSUs vest over three years, and the options can be exercised starting in 2026, reflecting the company’s commitment to incentivizing its leadership.

The most recent analyst rating on (MG) stock is a Hold with a $10.50 price target. To see the full list of analyst forecasts on Mistras Group stock, see the MG Stock Forecast page.

Mistras 2024 Report Highlights Persistent Business Risks: A Call for Strategic Vigilance

Mistras faces potential business risks as outlined in their 2024 Annual Report, which remain unchanged in the latest Quarterly Report. Stakeholders should review these risk factors carefully to understand the challenges that may impact the company’s operations and financial performance. The stability of these risks suggests a consistent threat level that requires ongoing attention and strategic management. Investors and analysts are advised to consider these factors when evaluating Mistras’s market position and future prospects.

Mistras Group Earnings Call: Mixed Sentiments and Growth

Mistras Group’s recent earnings call presented a mixed sentiment, with notable achievements in adjusted EBITDA and international market expansion, contrasted by challenges in the oil and gas sector and revenue declines from lab closures. The call reflected a balanced outlook with both positive developments and ongoing hurdles.