Mistras Group (MG) AI Stock Analysis

• Market Cap: $306.55M
• Dividend Yield: N/A
• Average Volume (3M): 114.51K
• Price to Earnings (P/E): 27.4
• Beta (1Y): 1.03
• Revenue Growth: -4.51%
• EPS Growth: N/A
• Country: US
• Employees: 4,800
• Sector: Industrials
• Sector Strength: 72
• Industry: Security & Protection Services
• EPS (TTM): 0.19
• Shares Outstanding: 31,538,050
• 10 Day Avg. Volume: 83,962
• 30 Day Avg. Volume: 114,508
• 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: 1.49
• Enterprise Value/Revenue: 0.65
• Enterprise Value/Gross Profit: 2.22
• Enterprise Value/Ebitda: 7.23
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 67 Neutral
• Price Target: $10.50 ▲(8.02% Upside)

Mistras Group's overall stock score reflects a stable financial position with strong cash flow management and positive technical momentum. The earnings call provided a positive outlook despite sector-specific challenges. However, valuation concerns and declining profitability weigh on the score.

Mistras Group Business Overview & Revenue Model

Company Description

Mistras Group, Inc. provides technology-enabled asset protection solutions worldwide. The company operates through three segments: Services, International, and Products and Systems. It offers non-destructive testing services; predictive maintenance assessments of fixed and rotating assets; inline inspection for pipelines; and develops enterprise inspection database management software and plant condition management software. The company also provides maintenance and light mechanical services, such as corrosion removal, mitigation and prevention, insulation installation and removal, electrical, heat tracing, industrial cleaning, pipefitting, and welding; engineering consulting services primarily for process equipment, technologies, and facilities; and utilizes scaffolding and rope access to access at-height and confined assets. In addition, it offers certified divers for subsea inspection and maintenance; unmanned aerial, land-based, and subsea systems for inspection applications; online condition-monitoring solutions; quality assurance and quality control solutions for new and existing metal and alloy components, materials, and composites. Further, the company designs and installs monitoring systems, as well as provides commissioning, training, reporting, technical support, and annual maintenance services; Web-based solutions; and custom-developed software. Additionally, it designs, manufactures, and sells acoustic emission sensors, instruments, and turnkey systems for monitoring and testing materials, pressure components, processes, and structures, as well as automated ultrasonic systems and scanners. The company serves oil and gas, commercial aerospace and defense, fossil and nuclear power, alternative and renewable energy, industrial, public infrastructure, petrochemical, transportation, and process industries, as well as research and engineering institutions. Mistras Group, Inc. was founded in 1978 and is headquartered in Princeton Junction, New Jersey.

How the Company Makes Money

Mistras Group primarily generates revenue through its diverse range of services, which include non-destructive testing (NDT), inspection, condition monitoring, and asset integrity management. The company operates on a fee-for-service model, charging clients based on the services rendered. Key revenue streams include long-term contracts with major industrial clients, project-based contracts, and recurring service agreements for ongoing maintenance and monitoring. Additionally, Mistras benefits from strategic partnerships with key industry players and collaborations that expand its service offerings and market reach. The company also invests in technology and innovation to enhance service delivery and create new revenue opportunities.

Mistras Group Financial Statement Overview

Summary

Mistras Group shows a stable financial position with strong cash flow management but faces challenges in revenue growth and profitability. The income statement reflects declining sales and profitability, while the balance sheet shows improved leverage. Cash flow performance is robust, highlighting effective cash management.

Income Statement

Mistras Group's income statement shows a mixed performance. The TTM gross profit margin is stable at 29.3%, indicating consistent cost management. However, the net profit margin has decreased to 1.6% from 2.6% in the previous year, reflecting reduced profitability. The revenue growth rate is negative at -6.18%, suggesting a decline in sales, which is a concern. EBIT and EBITDA margins have also decreased, indicating pressure on operating efficiency.

Balance Sheet

The balance sheet reveals a moderate financial position. The debt-to-equity ratio has improved to 0.98 from 1.17, showing better leverage management. However, the return on equity has decreased to 5.6% from 9.5%, indicating lower profitability for shareholders. The equity ratio remains stable, suggesting a balanced asset structure.

Cash Flow

Cash flow analysis shows positive trends. Free cash flow growth is strong at 143.4%, indicating improved cash generation. The operating cash flow to net income ratio is healthy at 0.35, reflecting good cash conversion. The free cash flow to net income ratio is robust at 75.6%, suggesting efficient cash utilization.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	702.45M	729.64M	705.47M	687.37M	677.13M	592.57M
Gross Profit	205.58M	213.11M	203.81M	198.17M	197.15M	178.53M
EBITDA	63.11M	74.32M	32.20M	53.09M	53.09M	-65.51M
Net Income	11.43M	18.96M	-17.45M	6.50M	3.86M	-99.47M
Balance Sheet
Total Assets	571.04M	523.04M	534.78M	534.90M	562.20M	583.31M
Cash, Cash Equivalents and Short-Term Investments	20.60M	18.32M	17.65M	20.49M	24.11M	25.76M
Total Debt	34.64M	231.78M	245.72M	205.50M	216.08M	235.10M
Total Liabilities	354.87M	324.14M	344.27M	336.15M	361.28M	386.09M
Stockholders Equity	215.85M	198.57M	190.19M	198.45M	200.68M	197.02M
Cash Flow
Free Cash Flow	34.03M	27.14M	3.10M	12.99M	22.98M	52.03M
Operating Cash Flow	45.01M	50.13M	26.75M	26.41M	42.26M	67.80M
Investing Cash Flow	-21.57M	-21.37M	-22.13M	-12.24M	-18.55M	-14.97M
Financing Cash Flow	-17.74M	-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: Negative
• RSI: Neutral
• STOCH: Neutral

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 9.73, above the 50-day MA of 9.60, and above the 200-day MA of 9.11, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 56.78 is Neutral, neither overbought nor oversold. The STOCH value of 70.52 is Neutral, 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	$1.56B	36.79	24.98%	1.21%	-3.81%	-11.48%
MSA	73 Outperform	$6.47B	23.77	24.23%	1.25%	0.55%	1.85%
ADT	72 Outperform	$7.27B	13.05	17.13%	2.53%	3.80%	-3.18%
REZI	68 Neutral	$6.35B	―	-26.27%	―	20.00%	-547.75%
MG	67 Neutral	$306.55M	27.43	5.63%	―	-4.51%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
EVLV	57 Neutral	$1.38B	―	-71.94%	―	35.63%	-335.37%

Mistras Group Corporate Events

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.

MISTRAS Reports Strong Q2 2025 Earnings Growth

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