Mistras Group, Inc.
Rank #174ValueMG · NYSE · Industrials
Mistras Group, Inc. (MG) — Rank #174 by gross profitability (GP/assets 0.35) · ROE 7.0% · Piotroski F-Score 6 / 9.
As-of 2026-09-15 · CIK 0001436126 · all metrics point-in-time as of the filing date.
About
Mistras Group, Inc. provides technology-enabled industrial asset integrity and laboratory testing solutions in the United States, Europe, the Middle East, Africa, Asia, and South America.
Show moreShow less
The company offers non-destructive testing (NDT) services; pipeline inspections; Plant Condition Management Software; maintenance planning; and specialized engineering solutions. It also provides maintenance and light mechanical services, such as corrosion removal, mitigation and prevention, insulation installation and removal, electrical services, heat tracing, industrial cleaning, pipefitting, and welding; engineering consulting services, including plant operations and management support, turnaround/shutdown planning, profit improvement, facilities planning studies, engineering design, process safety reviews, energy optimization evaluations, benchmarking/key performance indicator development, and technical training. In addition, the company offers scaffolding and rope access forb at-height and confined assets; certified divers for subsea inspection and maintenance; unmanned aerial, land-based, and subsea systems for inspection applications; portable, handheld, wireless and turnkey NDT equipment; acoustic emission products and sensors, instruments, and turnkey systems for monitoring and testing materials, pressure components, processes, and structures; and ultrasonic testing equipment. Further, it provides asset protection solutions to detect, mitigate, and prevent degradation mechanisms, such as corrosion, cracking, leaks, and manufacturing defects; inspection, maintenance, and monitoring and data services; and quality assurance and quality control solutions for new and existing metal and alloy components, materials, and composites. It serves renewable energy, alternative power generation, natural gas transportation, data centers, pipeline integrity, and additive manufacturing industries.
The company was founded in 1978 and is headquartered in Princeton Junction, New Jersey.
- Industry
- Security & Protection Services
- Sector
- Industrials
- State
- DE
- Filer Category
- Accelerated filer
- Fiscal Year End
- December 31
- Website
- mistrasgroup.com
Financials
Each fiscal year is read as-of that year’s own 10-K filing, so nothing restated after the fact leaks backwards. Line items this filer never tagged are omitted. Hover or tap a badge for the diagnostic behind it.
| Fiscal year end | 2024-12-31filed 2025-03-11 | 2023-12-31filed 2024-03-11 | 2022-12-31filed 2023-03-15 | 2021-12-31filed 2022-03-14 |
|---|---|---|---|---|
| Operating | ||||
| Depreciation & amortization | 33.0 | 34.1 | 33.3 | 34.9 |
| Stock-based compensation | 5.1 | 5.7 | 5.3 | 5.4 |
| Change in receivables | (1.3) | 8.0 | 17.2 | 4.0 |
| Change in inventory | (0.1) | 1.9 | 1.3 | (0.3) |
| Operating cash flow | 50.1 | 26.7 | 26.4 | 42.3 |
| Investing | ||||
| Capital expenditures | 17.9 | 20.9 | 12.6 | 18.2 |
| Acquisitions, net of cash | — | 0.0 | 0.0 | 0.4 |
| Investing cash flow | (21.4) | (22.1) | (12.2) | (18.6) |
| Financing | ||||
| Debt issued | 0.0 | 0.6 | 125.0 | 0.0 |
| Debt repaid | 9.1 | 7.6 | 81.4 | 16.3 |
| Share repurchases | — | — | — | — |
| Financing cash flow | (27.4) | (7.7) | (16.3) | (23.2) |
| Summary | ||||
| Free cash flow | 32.2 | 5.9 | 13.8 | 24.1 |
Figures are as originally filed with the SEC (point-in-time), not restated, so they can differ slightly from sites that show later-restated numbers. Why point-in-time?