$17.60
-2.4%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.
Weak cash conversion. Significant portion of earnings not converting to cashโreview working capital trends and capital intensity.
Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.
Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.
Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extensionโmonitor closely.
Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.
MG โข NYSE
| Mistras Group, Inc. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | May 2016 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | May 2009 | May 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 |
MG - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
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 |
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