# Mistras Group, Inc.: overview

MG · NYSE · CIK 1436126 · [Industrials](/sectors/industrials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/mg.md) · [Financials](/companies/mg/financials.md) · [Filings](/companies/mg/filings.md) · [Insiders](/companies/mg/insiders.md)

Latest reported revenue: [$193.1m](/filings/0001628280-26-055351.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 10, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001628280-26-055351).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [183](/filings/0001628280-25-050063.md) | [173 d](/filings/0001628280-26-016765.md) | [162](/filings/0001628280-26-031968.md) | [185](/filings/0001628280-26-055351.md) | [196](/filings/0001628280-25-050063.md) | [181 d](/filings/0001628280-26-016765.md) | [169](/filings/0001628280-26-031968.md) | [193](/filings/0001628280-26-055351.md) |
| Gross margin | % | [26.8%](/filings/0001628280-25-050063.md) | [26.5% d](/filings/0001628280-26-016765.md) | [25.3%](/filings/0001628280-26-031968.md) | [29.1%](/filings/0001628280-26-055351.md) | [29.8%](/filings/0001628280-25-050063.md) | [28.4% d](/filings/0001628280-26-016765.md) | [26.5%](/filings/0001628280-26-031968.md) | [29.2%](/filings/0001628280-26-055351.md) |
| Operating margin | % | [6.5%](/filings/0001628280-25-050063.md) | [6.1% d](/filings/0001628280-26-016765.md) | [(0.6%)](/filings/0001628280-26-031968.md) | [4.5%](/filings/0001628280-26-055351.md) | [10.4%](/filings/0001628280-25-050063.md) | [7.0% d](/filings/0001628280-26-016765.md) | [2.8%](/filings/0001628280-26-031968.md) | [6.7%](/filings/0001628280-26-055351.md) |
| Net margin | % | [3.5%](/filings/0001628280-25-050063.md) | [3.0% d](/filings/0001628280-26-016765.md) | [(2.0%)](/filings/0001628280-26-031968.md) | [1.6%](/filings/0001628280-26-055351.md) | [6.7%](/filings/0001628280-25-050063.md) | [2.1% d](/filings/0001628280-26-016765.md) | [1.4%](/filings/0001628280-26-031968.md) | [3.9%](/filings/0001628280-26-055351.md) |
| Diluted EPS | $ per share | [0.20](/filings/0001628280-25-050063.md) | not reported | [(0.10)](/filings/0001628280-26-031968.md) | [0.10](/filings/0001628280-26-055351.md) | [0.41](/filings/0001628280-25-050063.md) | not reported | [0.07](/filings/0001628280-26-031968.md) | [0.23](/filings/0001628280-26-055351.md) |
| Free cash flow | $m | [14.6 d](/filings/0001628280-25-050063.md) | [22.1 d](/filings/0001628280-26-016765.md) | [1.1](/filings/0001628280-26-031968.md) | [(14.7) d](/filings/0001628280-26-055351.md) | [(4.1) d](/filings/0001628280-25-050063.md) | [26.0 d](/filings/0001628280-26-016765.md) | [(3.2)](/filings/0001628280-26-031968.md) | [10.1 d](/filings/0001628280-26-055351.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [677](/filings/0001436126-24-000025.md) | [687](/filings/0001436126-25-000026.md) | [705](/filings/0001628280-26-016765.md) | [730](/filings/0001628280-26-016765.md) | [724](/filings/0001628280-26-016765.md) |
| Gross margin | % | [29.1%](/filings/0001436126-24-000025.md) | [28.8%](/filings/0001436126-25-000026.md) | [26.1%](/filings/0001628280-26-016765.md) | [26.3%](/filings/0001628280-26-016765.md) | [28.2%](/filings/0001628280-26-016765.md) |
| Operating margin | % | [2.7%](/filings/0001436126-24-000025.md) | [2.9%](/filings/0001436126-25-000026.md) | [(0.3%)](/filings/0001628280-26-016765.md) | [5.5%](/filings/0001628280-26-016765.md) | [5.6%](/filings/0001628280-26-016765.md) |
| Net margin | % | [0.6%](/filings/0001436126-24-000025.md) | [0.9%](/filings/0001436126-25-000026.md) | [(2.5%)](/filings/0001628280-26-016765.md) | [2.6%](/filings/0001628280-26-016765.md) | [2.3%](/filings/0001628280-26-016765.md) |
| Diluted EPS | $ per share | [0.13](/filings/0001436126-23-000022.md) | [0.21](/filings/0001436126-23-000022.md) | [(0.58)](/filings/0001628280-26-016765.md) | [0.60](/filings/0001628280-26-016765.md) | [0.53](/filings/0001628280-26-016765.md) |
| Free cash flow | $m | [24.1](/filings/0001436126-24-000025.md) | [13.8](/filings/0001436126-25-000026.md) | [5.9](/filings/0001628280-26-016765.md) | [32.2](/filings/0001628280-26-016765.md) | [8.3](/filings/0001628280-26-016765.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/mg/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [Mill Road Capital Management LLC](/funds/1512275.md) | 2026-06-30 | $33.7m | 1,929,509 |  | Added +58,929 |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $29.7m | 1,700,793 |  | Reduced −2,888 |
| [ROYCE & ASSOCIATES LP](/funds/906304.md) | 2026-06-30 | $27.6m | 1,580,728 |  | Added +47,676 |
| [WEBER CAPITAL MANAGEMENT LLC /ADV](/funds/1099905.md) | 2026-06-30 | $25.3m | 1,448,154 |  | Reduced −8,815 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $20.4m | 1,166,197 |  | Added +306,745 |
| [IES Holdings, Inc.](/funds/1048268.md) | 2026-06-30 | $19.6m | 1,124,235 |  | Added +3,690 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $18.4m | 1,052,512 |  | Added +122,334 |
| [FEDERATED HERMES, INC.](/funds/1056288.md) | 2026-06-30 | $11.5m | 656,032 |  | Unchanged |
| [First Eagle Investment Management, LLC](/funds/1325447.md) | 2026-06-30 | $9.7m | 553,855 |  | Added +272,323 |
| [First Eagle Investment Management, LLC](/funds/1325447.md) | 2026-06-30 | $9.7m | 553,855 |  | Added +272,323 |

## Recent filings

[All 1,094 filings](/companies/mg/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-07 | 16:05 ET | [SCHEDULE 13D/A](/filings/0001104659-26-114355.md) | Ownership report, active investor, amended | 0001104659-26-114355 |
| 2026-09-21 | 16:05 ET | [SCHEDULE 13D/A](/filings/0001104659-26-109294.md) | Ownership report, active investor, amended | 0001104659-26-109294 |
| 2026-09-18 | 17:22 ET | [SCHEDULE 13D/A](/filings/0001193125-26-395732.md) | Ownership report, active investor, amended | 0001193125-26-395732 |
| 2026-09-18 | 16:05 ET | [8-K](/filings/0001140361-26-037107.md) | 1.01 Entry into a material agreement; 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001140361-26-037107 |
| 2026-09-14 | 21:28 ET | [SCHEDULE 13D/A](/filings/0002082289-26-000012.md) | Ownership report, active investor, amended | 0002082289-26-000012 |
| 2026-08-10 | 17:16 ET | [10-Q](/filings/0001628280-26-055351.md) | Quarterly report, period 2026-06-30 | 0001628280-26-055351 |
| 2026-08-10 | 17:10 ET | [8-K](/filings/0001628280-26-055344.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001628280-26-055344 |
| 2026-06-12 | 19:15 ET | [SCHEDULE 13D/A](/filings/0001104659-26-073638.md) | Ownership report, active investor, amended | 0001104659-26-073638 |
| 2026-06-04 | 16:12 ET | [SCHEDULE 13D/A](/filings/0000897101-26-000203.md) | Ownership report, active investor, amended | 0000897101-26-000203 |
| 2026-05-20 | 16:30 ET | [8-K](/filings/0001628280-26-036918.md) | 5.07 Shareholder vote results | 0001628280-26-036918 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001628280-26-016765.md), filed Mar 11, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/dadd18a6-e686-4989-b0b2-7873db58c604)

## About the filer

- CIK: 1436126
- Tickers: MG
- Exchange: NYSE
- SIC code: 8711 Services-Engineering Services
- State of incorporation: DE
- Filer category: Accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 27, 2026, 08:43 ET. No prices; not investment advice.