Mistras Group, Inc.

Mistras Group, Inc.

MGยทNYSE

$17.60

-2.4%
IndustrialsSecurity & Protection Services

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.

At a Glance

Live Snapshot
Market Cap$559.97M
EPS0.5400
P/E Ratio32.59
Earnings Date08/04/2026
3Y+25.0%
5Y-51.0%
10Y-48.0%
3Y+105.0%
5Y+68.0%
10Y+12.0%
3Y-96.0%
5Y-99.0%
10Y-98.0%
MG

Mistras Group, Inc. Cash Conversion Engine

MG ยท NYSE
Net Income16.84M
Depreciation & Amortization31.01M
Stock-Based Compensation7.79M
Change in Working Capital-25.61M
Others2.65M
Capital Expenditures-24.67M
Free Cash Flow8.31M

Cash Flow Quality Analysis

FCF Conversion Rate

49.3%

Weak cash conversion. Significant portion of earnings not converting to cashโ€”review working capital trends and capital intensity.

CapEx Intensity

74.8%

Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.

FCF Growth Trend

-69.4%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$25.61M

Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extensionโ€”monitor closely.

Cash Flow Quality Insight

Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.

Mistras Group, Inc. Cash Flow Statement

MG โ€ข NYSE

Mistras Group, Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016May 2016May 2014May 2013May 2012May 2011May 2010May 2009May 2008
OPERATING ACTIVITIES
16.8M
19M
-17.4M
6.6M
3.9M
-99.5M
6.1M
6.8M
-2.2M
14.5M
16M
22.6M
11.6M
21.4M
16.4M
10.4M
5.5M
7.4M
31M
33M
34.1M
33.3M
34.9M
35.7M
38.5M
34.4M
31.4M
32.4M
33.3M
28.4M
26.6M
22.2M
18.8M
15.2M
12.6M
11.4M
304K
-4.9M
-5.3M
-517K
87K
-13.4M
-3.6M
1.9M
-4.9M
-1.8M
-1.7M
-621K
-1.7M
-984K
1.8M
907K
146K
329K
7.8M
5.1M
5.7M
5.3M
5.4M
5.9M
5.8M
6.1M
6.6M
7.3M
6.5M
6.6M
6.3M
6.3M
5.1M
3.8M
2.7M
0.0
2.7M
-1.4M
13.8M
-268K
1.5M
111.8M
4.8M
-677K
16.6M
-97K
-1.2M
-3.3M
6.7M
-797K
-366K
-446K
2.4M
973K
(0.0)
(6.4M)
(6.9M)
(0.0)
(4.7M)
(543K)
(6.1M)
(11M)
(3.1M)
(12.4M)
(10.7M)
(13.2M)
(12.9M)
(15.6M)
(14.9M)
(9.3M)
(2.3M)
(6.5M)
-25.6M
-659K
-4.1M
-18M
-3.5M
27.3M
7.5M
-6.9M
7.7M
10.9M
-2.3M
-16.5M
-6M
-15.4M
-15.1M
-9.8M
-8.2M
-7.6M
33M
50.1M
26.7M
26.4M
42.3M
67.8M
59.1M
41.7M
55.2M
63.2M
50.6M
36.9M
43.5M
31.4M
25.3M
19M
12.7M
12.9M
INVESTING ACTIVITIES
(0.0)
-17.9M
-20.9M
-13.4M
-19.3M
-15.4M
-22.9M
-21.1M
-20.6M
-15.9M
-16M
-17.6M
-13.5M
-10.4M
-10.6M
-2M
-5.7M
-4.4M
(0.0)
(0.0)
(0.0)
-405K
-440K
(0.0)
-4.2M
-135.7M
-83.4M
-8.3M
-35M
-21.9M
-33.1M
-29.2M
-26.2M
-14.7M
-10.5M
-15.5M
-25.1M
-3.5M
-1.3M
1.6M
1.2M
427K
1.9M
1.4M
1.2M
1.8M
996K
1.5M
1.2M
2.1M
312K
148K
289K
519K
-25.1M
-21.4M
-22.1M
-12.2M
-18.6M
-15M
-25.3M
-155.5M
-102.8M
-22.4M
-49.9M
-38M
-45.5M
-37.5M
-36.5M
-16.5M
-15.9M
-19.4M
FINANCING ACTIVITIES
0.0
-1.3M
-1.6M
-977K
-1.4M
-494K
-3.2M
-2.2M
-15.9M
-9M
-1.5M
0.0
-1M
-809K
0.0
14.7M
74M
0.0
1.1M
-26.1M
-6.1M
-14.9M
-20.9M
-40.1M
-40.1M
119M
71.5M
-36.5M
-36.5M
5.6M
4.6M
2.5M
-671K
-9.5M
-65.5M
2.8M
(0.0)
-1.3M
-1.6M
-977K
-1.4M
-494K
-3.2M
-2.2M
-15.9M
-9M
-1.5M
(0.0)
-1M
-809K
-283K
(0.0)
(0.0)
(0.0)
-1.7M
0.0
0.0
-405K
-938K
-3.6M
-820K
-2.8M
-2.2M
43.1M
-2.4M
-3.6M
-342K
-568K
2.7M
138K
-406K
3.5M
-595K
-27.4M
-7.7M
-16.3M
-23.2M
-44.2M
-44.1M
114M
53.6M
-30M
481K
3.3M
1.1M
2M
5.3M
8.1M
4.9M
6.3M
CASH FLOW SUMMARY
2.4M
-694K
249K
-1.5M
-2.1M
2.1M
-221K
-2.2M
2.3M
-1.2M
-629K
88K
224K
1.6M
722K
-167K
428K
63K
9.7M
671K
-2.8M
-3.6M
-1.7M
10.7M
-10.5M
-2M
8.4M
9.6M
535K
2.2M
-608K
-2.5M
-5.2M
10.4M
2.1M
-212K
18.3M
17.6M
20.5M
24.1M
25.8M
15M
25.5M
27.5M
19.2M
9.6M
10M
7.8M
8.4M
10.9M
16M
5.7M
3.6M
3.8M
28M
18.3M
17.6M
20.5M
24.1M
25.8M
15M
25.5M
27.5M
19.2M
10.6M
10M
7.8M
8.4M
10.9M
16M
5.7M
3.6M
8.3M
27.1M
3.1M
13M
23M
52M
36.2M
20.5M
34.7M
47.3M
34.7M
19.3M
30M
21M
14.7M
17M
6.9M
8.4M

SEC Filings

MG - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 20, 2026
May 19, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 07, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 05, 2026
May 05, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 07, 2026
May 19, 2026
2026
10-K

10-K 2025 FY

FY

March 11, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

March 04, 2026
March 04, 2026
2026
10-Q

10-Q 2025 Q3

Q3

November 06, 2025
September 30, 2025
2025
8-K

8-K 2025

N/A

November 04, 2025
November 04, 2025
2025
8-K

8-K 2025

N/A

September 10, 2025
September 08, 2025
2025
10-Q

10-Q 2025 Q2

Q2

August 11, 2025
June 30, 2025
2025
Showing 1 to 10 of 241 filings