Mistras Group (MG) Financials

$9.31 +0.04 (+0.43%)

Closing price 04/17/2025 03:59 PM Eastern

Extended Trading

$9.32 +0.01 (+0.11%)

As of 04/17/2025 04:07 PM Eastern

Annual Income Statements for Mistras Group

This table shows Mistras Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	6.50	-17	19
Consolidated Net Income / (Loss)	6.57	-17	19
Net Income / (Loss) Continuing Operations	6.57	-17	19
Total Pre-Tax Income	9.29	-19	24
Total Operating Income	20	-1.90	40
Total Gross Profit	198	204	213
Total Revenue	687	705	730
Operating Revenue	687	705	730
Total Cost of Revenue	489	502	517
Operating Cost of Revenue	489	502	517
Other Cost of Revenue	0.04	0.00	0.00
Total Operating Expenses	178	206	173
Selling, General & Admin Expense	166	167	156
Research & Development Expense	1.99	1.72	1.12
Depreciation Expense	11	10	9.41
Other Operating Expenses / (Income)	0.08	0.01	0.00
Impairment Charge	0.00	14	0.00
Restructuring Charge	0.20	12	5.52
Other Special Charges / (Income)	-0.99	1.06	0.85
Total Other Income / (Expense), net	-11	-17	-16
Interest Expense	11	17	17
Other Income / (Expense), net	-	-	1.49
Income Tax Expense	2.72	-1.22	5.27
Net Income / (Loss) Attributable to Noncontrolling Interest	0.08	0.01	0.01
Weighted Average Basic Shares Outstanding	29.90M	30.33M	30.93M
Weighted Average Diluted Shares Outstanding	30.23M	30.33M	31.61M
Weighted Average Basic & Diluted Shares Outstanding	29.93M	30.63M	31.03M

This table shows Mistras Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	4.37	2.85	-4.99	0.34	-10	-2.51	1.00	6.37	6.40	5.19
Consolidated Net Income / (Loss)	4.39	2.87	-4.98	0.38	-10	-2.51	1.00	6.37	6.42	5.18
Net Income / (Loss) Continuing Operations	4.39	2.87	-4.98	0.38	-10	-2.51	1.00	6.37	6.42	5.18
Total Pre-Tax Income	6.38	2.09	-5.90	0.04	-8.85	-3.95	1.12	7.55	9.03	6.54
Total Operating Income	9.11	5.81	-1.83	3.89	-4.68	0.72	5.55	12	12	10
Total Gross Profit	54	51	46	50	54	54	51	56	55	51
Total Revenue	178	168	168	176	179	182	184	190	183	173
Operating Revenue	178	168	168	176	179	182	184	190	183	173
Total Cost of Revenue	125	123	122	126	125	128	133	134	128	121
Operating Cost of Revenue	125	123	122	126	125	128	133	134	128	121
Total Operating Expenses	44	41	48	46	59	53	46	44	43	41
Selling, General & Admin Expense	41	43	43	41	40	43	41	41	39	35
Research & Development Expense	0.45	0.47	0.48	0.51	0.44	0.29	0.34	0.23	0.24	0.30
Depreciation Expense	2.63	-2.89	2.53	2.44	2.59	2.55	2.45	2.39	2.33	2.24
Other Operating Expenses / (Income)	0.00	-0.10	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.00
Restructuring Charge	0.13	-	2.08	1.24	2.70	6.25	1.56	0.52	2.14	1.30
Total Other Income / (Expense), net	-3.43	-3.02	-4.07	-3.86	-4.17	-4.67	-4.43	-4.41	-2.82	-3.92
Interest Expense	3.43	3.02	4.07	3.86	4.17	4.67	4.43	4.41	4.30	3.92
Income Tax Expense	1.99	-0.78	-0.92	-0.34	1.49	-1.45	0.12	1.17	2.62	1.36
Net Income / (Loss) Attributable to Noncontrolling Interest	0.02	0.02	0.01	0.04	-0.04	0.00	0.01	0.00	0.02	-0.02
Weighted Average Basic Shares Outstanding	29.97M	29.90M	30.02M	30.37M	30.40M	30.33M	30.68M	30.98M	31.00M	30.93M
Weighted Average Diluted Shares Outstanding	30.25M	30.23M	30.02M	30.66M	30.40M	30.33M	31.36M	31.29M	31.66M	31.61M
Weighted Average Basic & Diluted Shares Outstanding	29.90M	29.93M	30.30M	30.30M	30.35M	30.63M	30.97M	30.98M	31.01M	31.03M

This table details how cash moves in and out of Mistras Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	-3.62	-2.84	0.67
Net Cash From Operating Activities	26	27	50
Net Cash From Continuing Operating Activities	26	27	50
Net Income / (Loss) Continuing Operations	6.57	-17	19
Consolidated Net Income / (Loss)	6.57	-17	19
Depreciation Expense	33	34	33
Non-Cash Adjustments To Reconcile Net Income	5.07	20	3.68
Changes in Operating Assets and Liabilities, net	-19	-9.42	-5.53
Net Cash From Investing Activities	-12	-22	-21
Net Cash From Continuing Investing Activities	-12	-22	-21
Purchase of Property, Plant & Equipment	-13	-21	-18
Sale of Property, Plant & Equipment	1.18	1.52	1.62
Other Investing Activities, net	-0.83	-2.80	-5.08
Net Cash From Financing Activities	-16	-7.71	-27
Net Cash From Continuing Financing Activities	-16	-7.71	-27
Repayment of Debt	-328	-85	-93
Issuance of Debt	318	84	72
Other Financing Activities, net	-5.52	-6.62	-6.80
Effect of Exchange Rate Changes	-1.47	-	-0.69
Cash Interest Paid	8.60	17	16
Cash Income Taxes Paid	-3.07	6.90	6.41

This table details how cash moves in and out of Mistras Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-0.53	2.40	-3.77	1.28	-5.25	4.89	-0.79	0.32	3.18	-2.04
Net Cash From Operating Activities	2.72	16	4.43	14	-7.64	16	0.60	4.51	19	26
Net Cash From Continuing Operating Activities	2.72	16	4.43	14	-7.64	16	0.60	4.51	19	26
Net Income / (Loss) Continuing Operations	4.39	2.87	-4.98	0.38	-10	-2.51	1.00	6.37	6.42	5.18
Consolidated Net Income / (Loss)	4.39	2.87	-4.98	0.38	-10	-2.51	1.00	6.37	6.42	5.18
Depreciation Expense	8.20	8.16	8.41	8.31	8.75	8.63	8.38	8.29	8.06	8.28
Non-Cash Adjustments To Reconcile Net Income	0.57	0.97	1.75	1.58	15	1.38	0.91	1.17	1.34	0.26
Changes in Operating Assets and Liabilities, net	-10	3.88	-0.75	3.62	-21	8.56	-9.69	-11	3.55	12
Net Cash From Investing Activities	-2.38	-3.36	-4.46	-5.35	-5.36	-6.96	-5.65	-5.57	-5.94	-4.21
Net Cash From Continuing Investing Activities	-2.38	-3.36	-4.46	-5.35	-5.36	-6.96	-5.65	-5.57	-5.94	-4.21
Purchase of Property, Plant & Equipment	-2.36	-3.54	-4.33	-5.47	-4.60	-6.45	-4.80	-4.80	-4.72	-3.59
Sale of Property, Plant & Equipment	0.16	0.43	0.23	0.58	0.29	0.42	0.27	0.51	0.21	0.63
Other Investing Activities, net	-0.18	-0.25	-0.36	-0.46	-1.05	-0.93	-1.12	-1.29	-1.43	-1.25
Net Cash From Financing Activities	0.30	-12	-3.95	-7.24	9.35	-5.87	5.13	0.13	-12	-21
Net Cash From Continuing Financing Activities	0.30	-12	-3.95	-7.24	9.35	-5.87	5.13	0.13	-12	-21
Repayment of Debt	-236	-35	-29	-25	-9.63	-21	-6.91	-17	-30	-38
Issuance of Debt	237	25	27	19	20	18	15	19	20	19
Other Financing Activities, net	-1.04	-1.19	-1.95	-1.53	-0.94	-2.21	-2.97	-1.19	-1.35	-1.29
Effect of Exchange Rate Changes	-	-	0.21	-	-	-	-	-	-	-2.34
Cash Interest Paid	1.83	3.25	5.11	3.79	3.78	4.40	4.03	4.32	4.25	2.98
Cash Income Taxes Paid	-0.30	0.70	1.95	1.48	0.28	3.20	0.76	0.75	2.90	2.00

This table presents Mistras Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	535	535	523
Total Current Assets	168	180	172
Cash & Equivalents	20	18	18
Accounts Receivable	124	133	127
Inventories, net	14	15	14
Prepaid Expenses	10	15	12
Plant, Property, & Equipment, net	78	81	81
Total Noncurrent Assets	289	273	270
Goodwill	200	187	181
Intangible Assets	49	44	40
Noncurrent Deferred & Refundable Income Taxes	0.78	2.32	6.27
Other Noncurrent Operating Assets	40	40	42
Total Liabilities & Shareholders' Equity	535	535	523
Total Liabilities	336	344	324
Total Current Liabilities	104	117	115
Short-Term Debt	7.43	8.90	12
Accounts Payable	13	17	11
Accrued Expenses	78	84	85
Current Deferred & Payable Income Tax Liabilities	1.73	1.10	1.66
Other Current Liabilities	4.20	5.16	5.32
Total Noncurrent Liabilities	232	228	209
Long-Term Debt	184	181	158
Noncurrent Deferred & Payable Income Tax Liabilities	6.28	2.55	1.97
Other Noncurrent Operating Liabilities	42	44	49
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	199	191	199
Total Preferred & Common Equity	198	190	199
Preferred Stock	0.00	0.00	0.00
Total Common Equity	198	190	199
Common Stock	243	247	251
Retained Earnings	-11	-29	-9.98
Accumulated Other Comprehensive Income / (Loss)	-33	-28	-43
Noncontrolling Interest	0.30	0.31	0.33

This table presents Mistras Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	540	531	541	537	542	548	552
Total Current Assets	174	166	171	183	187	193	193
Cash & Equivalents	18	17	18	13	17	17	20
Accounts Receivable	131	120	119	136	140	150	144
Inventories, net	13	15	16	16	15	15	15
Prepaid Expenses	12	14	18	18	15	11	14
Plant, Property, & Equipment, net	76	79	81	80	80	79	80
Total Noncurrent Assets	290	286	289	274	275	276	279
Goodwill	197	200	202	186	186	185	186
Intangible Assets	50	47	46	44	43	42	42
Noncurrent Deferred & Refundable Income Taxes	0.59	0.33	0.92	2.23	2.65	3.66	5.64
Other Noncurrent Operating Assets	42	38	40	42	44	46	45
Total Liabilities & Shareholders' Equity	540	531	541	537	542	548	552
Total Liabilities	353	335	340	351	355	355	346
Total Current Liabilities	108	103	110	111	115	115	115
Short-Term Debt	7.37	7.37	7.55	8.40	9.46	10	11
Accounts Payable	13	14	17	15	16	14	13
Accrued Expenses	83	77	79	82	84	86	86
Current Deferred & Payable Income Tax Liabilities	0.31	0.33	0.98	1.03	0.41	0.39	0.96
Other Current Liabilities	3.97	4.75	5.19	5.25	4.91	4.65	4.59
Total Noncurrent Liabilities	246	231	231	240	240	240	231
Long-Term Debt	194	182	176	185	189	190	179
Noncurrent Deferred & Payable Income Tax Liabilities	8.79	7.87	10	8.54	2.69	2.57	3.78
Other Noncurrent Operating Liabilities	43	42	44	46	48	48	48
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	187	196	201	186	187	193	206
Total Preferred & Common Equity	187	196	200	185	187	193	205
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	187	196	200	185	187	193	205
Common Stock	242	244	245	246	248	249	250
Retained Earnings	-14	-16	-16	-26	-28	-22	-15
Accumulated Other Comprehensive Income / (Loss)	-41	-32	-29	-34	-33	-34	-30
Noncontrolling Interest	0.28	0.31	0.35	0.31	0.32	0.32	0.34

This table displays calculated financial ratios and metrics derived from Mistras Group's official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	1.51%	2.63%	3.43%
EBITDA Growth	0.00%	-39.36%	130.85%
EBIT Growth	8.97%	-109.62%	2,269.70%
NOPAT Growth	44.29%	-109.52%	2,438.11%
Net Income Growth	68.87%	-365.36%	208.74%
EPS Growth	0.00%	-376.19%	0.00%
Operating Cash Flow Growth	-37.52%	1.30%	87.41%
Free Cash Flow Firm Growth	-27.98%	-79.37%	797.65%
Invested Capital Growth	-2.60%	-1.69%	-3.59%
Revenue Q/Q Growth	-0.43%	2.00%	-1.26%
EBITDA Q/Q Growth	4.83%	-12.56%	17.15%
EBIT Q/Q Growth	21.48%	-159.72%	37.31%
NOPAT Q/Q Growth	73.90%	-159.72%	26.17%
Net Income Q/Q Growth	81.75%	-44.50%	68.05%
EPS Q/Q Growth	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-12.92%	0.71%	23.67%
Free Cash Flow Firm Q/Q Growth	-43.85%	-10.74%	164.39%
Invested Capital Q/Q Growth	-0.18%	-0.99%	-6.58%
Profitability Metrics	-	-	-
Gross Margin	28.83%	28.89%	29.21%
EBITDA Margin	7.72%	4.56%	10.19%
Operating Margin	2.88%	-0.27%	5.46%
EBIT Margin	2.88%	-0.27%	5.66%
Profit (Net Income) Margin	0.96%	-2.47%	2.60%
Tax Burden Percent	70.73%	93.46%	78.25%
Interest Burden Percent	46.94%	980.30%	58.69%
Effective Tax Rate	29.27%	0.00%	21.75%
Return on Invested Capital (ROIC)	3.74%	-0.36%	8.74%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.52%	-9.74%	1.21%
Return on Net Nonoperating Assets (RNNOA)	-0.45%	-8.60%	1.01%
Return on Equity (ROE)	3.29%	-8.96%	9.74%
Cash Return on Invested Capital (CROIC)	6.37%	1.34%	12.39%
Operating Return on Assets (OROA)	3.61%	-0.36%	7.81%
Return on Assets (ROA)	1.20%	-3.26%	3.59%
Return on Common Equity (ROCE)	3.29%	-8.95%	9.73%
Return on Equity Simple (ROE_SIMPLE)	3.31%	-9.17%	9.55%
Net Operating Profit after Tax (NOPAT)	14	-1.33	31
NOPAT Margin	2.04%	-0.19%	4.27%
Net Nonoperating Expense Percent (NNEP)	4.26%	9.38%	7.52%
Return On Investment Capital (ROIC_SIMPLE)	3.59%	-0.35%	8.46%
Cost of Revenue to Revenue	71.18%	71.11%	70.79%
SG&A Expenses to Revenue	24.21%	23.64%	21.43%
R&D to Revenue	0.29%	0.24%	0.15%
Operating Expenses to Revenue	25.94%	29.16%	23.75%
Earnings before Interest and Taxes (EBIT)	20	-1.90	41
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	53	32	74
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.74	1.17	1.41
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.21	0.31	0.39
Price to Earnings (P/E)	22.68	0.00	14.82
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	4.41%	0.00%	6.75%
Enterprise Value to Invested Capital (EV/IC)	0.86	1.09	1.24
Enterprise Value to Revenue (EV/Rev)	0.46	0.56	0.59
Enterprise Value to EBITDA (EV/EBITDA)	6.00	12.28	5.82
Enterprise Value to EBIT (EV/EBIT)	16.08	0.00	10.47
Enterprise Value to NOPAT (EV/NOPAT)	22.74	0.00	13.88
Enterprise Value to Operating Cash Flow (EV/OCF)	12.06	14.78	8.63
Enterprise Value to Free Cash Flow (EV/FCFF)	13.35	80.28	9.79
Leverage & Solvency	-	-	-
Debt to Equity	0.96	1.00	0.85
Long-Term Debt to Equity	0.92	0.95	0.79
Financial Leverage	0.87	0.88	0.83
Leverage Ratio	2.75	2.75	2.72
Compound Leverage Factor	1.29	26.94	1.59
Debt to Total Capital	49.04%	49.99%	46.03%
Short-Term Debt to Total Capital	1.90%	2.34%	3.15%
Long-Term Debt to Total Capital	47.13%	47.65%	42.89%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.08%	0.08%	0.09%
Common Equity to Total Capital	50.88%	49.93%	53.88%
Debt to EBITDA	3.60	5.91	2.28
Net Debt to EBITDA	3.22	5.37	2.04
Long-Term Debt to EBITDA	3.46	5.64	2.13
Debt to NOPAT	13.66	-142.86	5.44
Net Debt to NOPAT	12.19	-129.62	4.86
Long-Term Debt to NOPAT	13.13	-136.18	5.07
Altman Z-Score	1.78	1.76	2.28
Noncontrolling Interest Sharing Ratio	0.13%	0.16%	0.16%
Liquidity Ratios	-	-	-
Current Ratio	1.62	1.55	1.50
Quick Ratio	1.39	1.29	1.27
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	24	4.92	44
Operating Cash Flow to CapEx	231.37%	138.32%	307.88%
Free Cash Flow to Firm to Interest Expense	2.27	0.29	2.59
Operating Cash Flow to Interest Expense	2.51	1.60	2.94
Operating Cash Flow Less CapEx to Interest Expense	1.43	0.44	1.98
Efficiency Ratios	-	-	-
Asset Turnover	1.25	1.32	1.38
Accounts Receivable Turnover	5.90	5.50	5.61
Inventory Turnover	37.29	34.79	34.70
Fixed Asset Turnover	8.38	8.90	9.02
Accounts Payable Turnover	38.52	33.94	36.69
Days Sales Outstanding (DSO)	61.91	66.36	65.06
Days Inventory Outstanding (DIO)	9.79	10.49	10.52
Days Payable Outstanding (DPO)	9.48	10.76	9.95
Cash Conversion Cycle (CCC)	62.22	66.09	65.63
Capital & Investment Metrics	-	-	-
Invested Capital	370	363	350
Invested Capital Turnover	1.84	1.93	2.05
Increase / (Decrease) in Invested Capital	-9.86	-6.26	-13
Enterprise Value (EV)	318	395	433
Market Capitalization	147	222	281
Book Value per Share	$6.64	$6.27	$6.40
Tangible Book Value per Share	($1.68)	($1.36)	($0.73)
Total Capital	390	381	369
Total Debt	191	190	170
Total Long-Term Debt	184	181	158
Net Debt	171	173	151
Capital Expenditures (CapEx)	11	19	16
Debt-free, Cash-free Net Working Capital (DFCFNWC)	51	55	51
Debt-free Net Working Capital (DFNWC)	72	73	69
Net Working Capital (NWC)	64	64	58
Net Nonoperating Expense (NNE)	7.43	16	12
Net Nonoperating Obligations (NNO)	171	173	151
Total Depreciation and Amortization (D&A)	33	34	33
Debt-free, Cash-free Net Working Capital to Revenue	7.43%	7.81%	6.96%
Debt-free Net Working Capital to Revenue	10.41%	10.31%	9.48%
Net Working Capital to Revenue	9.33%	9.05%	7.89%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	0.00	30.33M	30.93M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	0.00	30.33M	31.61M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	30.63M	31.03M
Normalized Net Operating Profit after Tax (NOPAT)	13	18	36
Normalized NOPAT Margin	1.96%	2.50%	4.95%
Pre Tax Income Margin	1.35%	-2.65%	3.32%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	1.88	-0.11	2.42
NOPAT to Interest Expense	1.33	-0.08	1.83
EBIT Less CapEx to Interest Expense	0.80	-1.27	1.47
NOPAT Less CapEx to Interest Expense	0.25	-1.23	0.87
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Mistras Group's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.24%	-1.72%	3.93%	-1.68%	0.50%	8.24%	9.78%	7.81%	1.86%	-5.13%
EBITDA Growth	-2.44%	21.24%	60.21%	-31.08%	-76.51%	-33.11%	111.67%	65.94%	426.14%	100.56%
EBIT Growth	-1.32%	151.82%	61.05%	-59.35%	-151.37%	-87.69%	403.44%	207.19%	384.86%	1,362.38%
NOPAT Growth	38.27%	552.48%	61.05%	598.16%	-152.21%	-93.71%	487.55%	-75.85%	356.96%	1,553.47%
Net Income Growth	29.35%	3,285.56%	7.01%	-91.94%	-335.28%	-187.37%	120.17%	1,594.95%	162.06%	306.67%
EPS Growth	0.00%	0.00%	5.56%	0.00%	0.00%	0.00%	117.65%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	-37.32%	-19.79%	182.11%	5.15%	-380.57%	1.19%	-86.37%	-67.52%	353.45%	59.72%
Free Cash Flow Firm Growth	1,067.46%	-17.78%	1,180.49%	154.88%	-99.98%	-62.07%	-81.54%	-99.52%	6,545.78%	215.35%
Invested Capital Growth	-8.51%	-2.60%	-6.76%	-5.00%	-0.89%	-1.69%	0.07%	2.68%	2.18%	-3.59%
Revenue Q/Q Growth	-0.32%	-5.74%	-0.12%	4.77%	1.89%	1.52%	1.30%	2.89%	-3.73%	-5.45%
EBITDA Q/Q Growth	-2.22%	-19.31%	-52.87%	85.36%	-66.68%	129.81%	49.12%	45.31%	5.65%	-12.40%
EBIT Q/Q Growth	-4.82%	-36.28%	-131.51%	312.73%	-220.27%	115.27%	676.64%	115.36%	11.52%	-21.60%
NOPAT Q/Q Growth	4.80%	26.77%	-116.10%	3,364.79%	-107.84%	115.27%	891.92%	103.44%	-16.62%	-1.73%
Net Income Q/Q Growth	-5.83%	-34.75%	-273.63%	107.55%	-2,849.47%	75.77%	140.08%	534.76%	0.67%	-19.31%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-79.39%	483.21%	-72.08%	213.29%	-154.99%	310.34%	-96.24%	646.85%	329.08%	32.56%
Free Cash Flow Firm Q/Q Growth	69.83%	-56.25%	43.01%	139.86%	-99.99%	102,271.21%	-30.38%	-93.73%	48.68%	4,757.63%
Invested Capital Q/Q Growth	-3.97%	-0.18%	-0.20%	-0.70%	0.19%	-0.99%	1.59%	1.89%	-0.30%	-6.58%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	30.14%	30.28%	27.42%	28.25%	30.32%	29.45%	27.70%	29.57%	29.87%	29.71%
EBITDA Margin	9.70%	8.30%	3.92%	6.93%	2.27%	5.13%	7.55%	10.67%	11.71%	10.85%
Operating Margin	5.11%	3.45%	-1.09%	2.21%	-2.61%	0.39%	3.01%	6.30%	6.49%	6.05%
EBIT Margin	5.11%	3.45%	-1.09%	2.21%	-2.61%	0.39%	3.01%	6.30%	7.30%	6.05%
Profit (Net Income) Margin	2.46%	1.70%	-2.96%	0.21%	-5.76%	-1.38%	0.54%	3.36%	3.51%	3.00%
Tax Burden Percent	68.88%	137.05%	84.40%	1,074.29%	116.83%	63.37%	89.40%	84.46%	71.02%	79.15%
Interest Burden Percent	69.99%	36.03%	322.30%	0.90%	189.00%	-552.87%	20.22%	63.10%	67.74%	62.56%
Effective Tax Rate	31.12%	-37.05%	0.00%	-974.29%	0.00%	0.00%	10.60%	15.54%	28.98%	20.85%
Return on Invested Capital (ROIC)	6.27%	8.68%	-1.38%	43.66%	-3.43%	0.53%	5.27%	10.55%	9.18%	9.80%
ROIC Less NNEP Spread (ROIC-NNEP)	5.29%	5.77%	-3.38%	20.44%	-7.31%	-1.22%	3.03%	8.41%	8.04%	7.89%
Return on Net Nonoperating Assets (RNNOA)	5.28%	5.04%	-3.19%	18.48%	-7.14%	-1.08%	2.80%	7.43%	7.20%	6.56%
Return on Equity (ROE)	11.54%	13.73%	-4.57%	62.14%	-10.57%	-0.55%	8.07%	17.98%	16.38%	16.36%
Cash Return on Invested Capital (CROIC)	10.97%	6.37%	11.11%	9.74%	1.50%	1.34%	0.97%	-0.09%	4.51%	12.39%
Operating Return on Assets (OROA)	6.25%	4.33%	-1.38%	2.79%	-3.35%	0.52%	4.05%	8.51%	9.91%	8.35%
Return on Assets (ROA)	3.01%	2.14%	-3.74%	0.27%	-7.40%	-1.81%	0.73%	4.54%	4.77%	4.13%
Return on Common Equity (ROCE)	11.53%	13.71%	-4.56%	62.04%	-10.55%	-0.55%	8.05%	17.95%	16.36%	16.34%
Return on Equity Simple (ROE_SIMPLE)	1.94%	0.00%	3.55%	1.33%	-6.51%	0.00%	-6.13%	-2.83%	5.50%	0.00%
Net Operating Profit after Tax (NOPAT)	6.28	7.96	-1.28	42	-3.28	0.50	4.96	10	8.42	8.28
NOPAT Margin	3.52%	4.73%	-0.76%	23.76%	-1.83%	0.27%	2.69%	5.32%	4.61%	4.79%
Net Nonoperating Expense Percent (NNEP)	0.97%	2.92%	1.99%	23.23%	3.88%	1.75%	2.24%	2.14%	1.14%	1.91%
Return On Investment Capital (ROIC_SIMPLE)	-	2.04%	-	-	-	0.13%	-	-	-	2.25%
Cost of Revenue to Revenue	69.86%	72.84%	72.58%	71.75%	69.68%	70.55%	72.30%	70.43%	70.13%	70.29%
SG&A Expenses to Revenue	22.84%	25.48%	25.49%	23.57%	22.04%	23.56%	22.33%	21.58%	21.28%	20.48%
R&D to Revenue	0.25%	0.28%	0.29%	0.29%	0.24%	0.16%	0.19%	0.12%	0.13%	0.18%
Operating Expenses to Revenue	24.64%	24.12%	28.51%	26.03%	32.93%	29.06%	24.69%	23.27%	23.38%	23.66%
Earnings before Interest and Taxes (EBIT)	9.11	5.81	-1.83	3.89	-4.68	0.72	5.55	12	13	10
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	17	14	6.58	12	4.07	9.34	14	20	21	19
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.71	0.74	1.04	1.17	0.89	1.17	1.56	1.33	1.72	1.41
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.19	0.21	0.29	0.34	0.24	0.31	0.41	0.35	0.48	0.39
Price to Earnings (P/E)	37.36	22.68	29.51	91.02	0.00	0.00	0.00	0.00	31.28	14.82
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.68%	4.41%	3.39%	1.10%	0.00%	0.00%	0.00%	0.00%	3.20%	6.75%
Enterprise Value to Invested Capital (EV/IC)	0.85	0.86	1.02	1.09	0.94	1.09	1.29	1.17	1.39	1.24
Enterprise Value to Revenue (EV/Rev)	0.46	0.46	0.54	0.58	0.50	0.56	0.66	0.60	0.71	0.59
Enterprise Value to EBITDA (EV/EBITDA)	6.25	6.00	6.76	7.99	9.41	12.28	12.01	9.24	8.23	5.82
Enterprise Value to EBIT (EV/EBIT)	19.41	16.08	16.58	23.55	108.71	0.00	86.65	32.45	17.35	10.47
Enterprise Value to NOPAT (EV/NOPAT)	39.28	22.74	23.94	23.10	155.30	0.00	123.79	46.36	21.13	13.88
Enterprise Value to Operating Cash Flow (EV/OCF)	10.43	12.06	10.37	10.83	13.05	14.78	20.71	32.46	12.88	8.63
Enterprise Value to Free Cash Flow (EV/FCFF)	7.45	13.35	8.85	10.93	62.83	80.28	132.83	0.00	31.22	9.79
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.08	0.96	0.97	0.92	1.04	1.00	1.06	1.03	0.92	0.85
Long-Term Debt to Equity	1.04	0.92	0.93	0.88	1.00	0.95	1.01	0.98	0.87	0.79
Financial Leverage	1.00	0.87	0.94	0.90	0.98	0.88	0.92	0.88	0.90	0.83
Leverage Ratio	2.91	2.75	2.79	2.78	2.89	2.75	2.80	2.76	2.78	2.72
Compound Leverage Factor	2.03	0.99	9.01	0.03	5.46	-15.19	0.57	1.74	1.88	1.70
Debt to Total Capital	51.82%	49.04%	49.12%	47.81%	51.06%	49.99%	51.42%	50.79%	48.00%	46.03%
Short-Term Debt to Total Capital	1.90%	1.90%	1.91%	1.97%	2.21%	2.34%	2.45%	2.55%	2.71%	3.15%
Long-Term Debt to Total Capital	49.93%	47.13%	47.21%	45.84%	48.85%	47.65%	48.97%	48.24%	45.29%	42.89%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.07%	0.08%	0.08%	0.09%	0.08%	0.08%	0.08%	0.08%	0.09%	0.09%
Common Equity to Total Capital	48.10%	50.88%	50.80%	52.10%	48.85%	49.93%	48.50%	49.12%	51.92%	53.88%
Debt to EBITDA	3.97	3.60	3.41	3.67	5.27	5.91	5.02	4.20	2.99	2.28
Net Debt to EBITDA	3.62	3.22	3.11	3.31	4.92	5.37	4.59	3.84	2.67	2.04
Long-Term Debt to EBITDA	3.83	3.46	3.27	3.52	5.04	5.64	4.78	3.99	2.82	2.13
Debt to NOPAT	24.99	13.66	12.06	10.61	86.87	-142.86	51.74	21.06	7.68	5.44
Net Debt to NOPAT	22.74	12.19	10.99	9.57	81.16	-129.62	47.34	19.25	6.86	4.86
Long-Term Debt to NOPAT	24.07	13.13	11.59	10.17	83.11	-136.18	49.27	20.01	7.25	5.07
Altman Z-Score	1.67	1.70	1.76	1.81	1.63	1.78	1.95	1.97	2.16	2.09
Noncontrolling Interest Sharing Ratio	0.13%	0.13%	0.14%	0.15%	0.16%	0.16%	0.16%	0.17%	0.16%	0.16%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.62	1.62	1.61	1.56	1.65	1.55	1.63	1.69	1.68	1.50
Quick Ratio	1.39	1.39	1.33	1.25	1.34	1.29	1.37	1.46	1.43	1.27
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	41	18	25	61	0.01	6.76	4.70	0.30	0.44	21
Operating Cash Flow to CapEx	123.90%	509.47%	108.15%	284.01%	-177.07%	266.14%	13.33%	105.35%	429.47%	866.24%
Free Cash Flow to Firm to Interest Expense	11.88	5.89	6.26	15.84	0.00	1.45	1.06	0.07	0.10	5.43
Operating Cash Flow to Interest Expense	0.79	5.25	1.09	3.60	-1.83	3.44	0.14	1.02	4.50	6.54
Operating Cash Flow Less CapEx to Interest Expense	0.15	4.22	0.08	2.33	-2.87	2.15	-0.89	0.05	3.45	5.79
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.22	1.25	1.26	1.26	1.28	1.32	1.35	1.35	1.36	1.38
Accounts Receivable Turnover	5.33	5.90	5.61	5.56	5.17	5.50	5.54	5.47	5.27	5.61
Inventory Turnover	38.83	37.29	35.79	34.13	34.14	34.79	34.39	33.56	34.57	34.70
Fixed Asset Turnover	0.00	8.38	0.00	0.00	8.87	8.90	9.11	9.19	9.26	9.02
Accounts Payable Turnover	37.77	38.52	8.62	28.85	36.14	33.94	35.06	33.82	37.53	36.69
Days Sales Outstanding (DSO)	68.50	61.91	65.11	65.62	70.65	66.36	65.94	66.67	69.26	65.06
Days Inventory Outstanding (DIO)	9.40	9.79	10.20	10.69	10.69	10.49	10.61	10.87	10.56	10.52
Days Payable Outstanding (DPO)	9.66	9.48	42.33	12.65	10.10	10.76	10.41	10.79	9.73	9.95
Cash Conversion Cycle (CCC)	68.23	62.22	32.98	63.66	71.25	66.09	66.14	66.75	70.10	65.63
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	370	370	369	366	367	363	369	376	375	350
Invested Capital Turnover	1.78	1.84	1.82	1.84	1.88	1.93	1.96	1.98	1.99	2.05
Increase / (Decrease) in Invested Capital	-34	-9.86	-27	-19	-3.28	-6.26	0.26	9.81	7.98	-13
Enterprise Value (EV)	316	318	376	400	347	395	475	440	522	433
Market Capitalization	133	147	203	234	165	222	293	257	352	281
Book Value per Share	$6.27	$6.64	$6.54	$6.61	$6.12	$6.27	$6.11	$6.24	$6.62	$6.40
Tangible Book Value per Share	($2.05)	($1.68)	($1.72)	($1.57)	($1.47)	($1.36)	($1.35)	($1.08)	($0.72)	($0.73)
Total Capital	388	390	385	384	380	381	386	393	395	369
Total Debt	201	191	189	184	194	190	198	200	190	170
Total Long-Term Debt	194	184	182	176	185	181	189	190	179	158
Net Debt	183	171	173	166	181	173	182	183	169	151
Capital Expenditures (CapEx)	2.20	3.12	4.10	4.89	4.31	6.04	4.53	4.28	4.51	2.96
Debt-free, Cash-free Net Working Capital (DFCFNWC)	56	51	53	51	68	55	65	72	69	51
Debt-free Net Working Capital (DFNWC)	74	72	70	69	80	73	82	89	89	69
Net Working Capital (NWC)	67	64	63	61	72	64	72	79	78	58
Net Nonoperating Expense (NNE)	1.88	5.09	3.70	41	7.06	3.01	3.96	3.73	2.01	3.10
Net Nonoperating Obligations (NNO)	183	171	173	166	181	173	182	183	169	151
Total Depreciation and Amortization (D&A)	8.20	8.16	8.41	8.31	8.75	8.63	8.38	8.29	8.06	8.28
Debt-free, Cash-free Net Working Capital to Revenue	8.14%	7.43%	7.69%	7.34%	9.78%	7.81%	8.96%	9.75%	9.27%	6.96%
Debt-free Net Working Capital to Revenue	10.76%	10.41%	10.10%	9.94%	11.62%	10.31%	11.30%	12.09%	12.03%	9.48%
Net Working Capital to Revenue	9.69%	9.33%	9.04%	8.85%	10.41%	9.05%	9.99%	10.73%	10.58%	7.89%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.15	$0.00	($0.17)	$0.00	$0.00	$0.00	$0.03	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	29.97M	29.90M	30.02M	30.37M	30.40M	30.33M	30.68M	30.98M	31.00M	30.93M
Adjusted Diluted Earnings per Share	$0.14	$0.00	($0.17)	$0.00	$0.00	$0.00	$0.03	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	30.25M	30.23M	30.02M	30.66M	30.40M	30.33M	31.36M	31.29M	31.66M	31.61M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	29.90M	29.93M	30.30M	30.30M	30.35M	30.63M	30.97M	30.98M	31.01M	31.03M
Normalized Net Operating Profit after Tax (NOPAT)	6.37	4.06	0.17	3.70	8.27	4.88	6.36	11	9.33	9.30
Normalized NOPAT Margin	3.57%	2.42%	0.10%	2.10%	4.61%	2.68%	3.45%	5.58%	5.11%	5.39%
Pre Tax Income Margin	3.57%	1.24%	-3.51%	0.02%	-4.93%	-2.17%	0.61%	3.98%	4.94%	3.79%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.66	1.92	-0.45	1.01	-1.12	0.15	1.25	2.71	3.10	2.67
NOPAT to Interest Expense	1.83	2.63	-0.31	10.84	-0.79	0.11	1.12	2.29	1.96	2.11
EBIT Less CapEx to Interest Expense	2.02	0.89	-1.46	-0.26	-2.16	-1.14	0.23	1.74	2.05	1.91
NOPAT Less CapEx to Interest Expense	1.19	1.60	-1.32	9.57	-1.82	-1.19	0.10	1.32	0.91	1.36
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Mistras Group's Financials

When does Mistras Group's fiscal year end?

According to the most recent income statement we have on file, Mistras Group's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Mistras Group's net income changed over the last 2 years?

Mistras Group's net income appears to be on an upward trend, with a most recent value of $18.97 million in 2024, rising from $6.57 million in 2022. The previous period was -$17.45 million in 2023.

What is Mistras Group's operating income?

Mistras Group's total operating income in 2024 was $39.83 million, based on the following breakdown:

Total Gross Profit: $213.11 million
Total Operating Expenses: $173.28 million

How has Mistras Group revenue changed over the last 2 years?

Over the last 2 years, Mistras Group's total revenue changed from $687.37 million in 2022 to $729.64 million in 2024, a change of 6.1%.

How much debt does Mistras Group have?

Mistras Group's total liabilities were at $324.14 million at the end of 2024, a 5.8% decrease from 2023, and a 3.6% decrease since 2022.

How much cash does Mistras Group have?

In the past 2 years, Mistras Group's cash and equivalents has ranged from $17.65 million in 2023 to $20.49 million in 2022, and is currently $18.32 million as of their latest financial filing in 2024.

How has Mistras Group's book value per share changed over the last 2 years?

Over the last 2 years, Mistras Group's book value per share changed from 6.64 in 2022 to 6.40 in 2024, a change of -3.5%.

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This page (NYSE:MG) was last updated on 4/18/2025 by MarketBeat.com Staff

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Mistras Group (MG) Financials

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Mistras Group (MG) Financials

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