Mistras Group, Inc. (MG)
NYSE · Services-Engineering Services · Services · CIK 1436126 · fiscal year ends in Dec
Closing price $20.19 on 29 Oct 2026; 52-week range $9.54 to $21.61.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $739.2M
- Revenue growth
- 5.2%
- Net income, last twelve months
- $27.0M
- Earnings per share
- $0.83
- Operating margin
- 6.9%
- Net margin
- 3.6%
- Free cash flow
- $28.9M
- Return on equity
- 11.2%
- Market value
- $643.1M
- Price to earnings
- 24.3x
- Cash
- $22.0M
- Debt
- $172.1M
- Debt to equity
- 0.72
- Shares outstanding
- 31.9M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $724.0M | $40.6M | $16.8M | $0.53 | $8.3M | 10-K filed 11 Mar 2026 |
| FY2024 | 31 Dec 2024 | $729.6M | $39.8M | $19.0M | $0.60 | $32.2M | 10-K filed 11 Mar 2025 |
| FY2023 | 31 Dec 2023 | $705.5M | -$1.9M | -$17.5M | -$0.58 | $5.9M | 10-K filed 11 Mar 2024 |
| FY2022 | 31 Dec 2022 | $687.4M | $19.8M | $6.5M | $0.21 | $13.8M | 10-K filed 15 Mar 2023 |
| FY2021 | 31 Dec 2021 | $677.1M | $18.2M | $3.9M | $0.13 | $24.1M | 10-K filed 14 Mar 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $193.1M | $7.6M | $0.23 |
| Q1 FY2026 | 31 Mar 2026 | $169.0M | $2.4M | $0.07 |
| Q4 FY2025 | 31 Dec 2025 | $181.5M | $3.9M | $0.12 |
| Q3 FY2025 | 30 Sep 2025 | $195.5M | $13.1M | $0.41 |
| Q2 FY2025 | 30 Jun 2025 | $185.4M | $3.0M | $0.10 |
| Q1 FY2025 | 31 Mar 2025 | $161.6M | -$3.2M | -$0.10 |
| Q4 FY2024 | 31 Dec 2024 | $172.7M | $5.2M | $0.17 |
| Q3 FY2024 | 30 Sep 2024 | $182.7M | $6.4M | $0.20 |
Revenue by segment
As the company reports it in the segment note of its annual report.
By product, FY2025
| Segment | Revenue | Share |
|---|---|---|
| Oil & Gas | $396.8M | 54.8% |
| Aerospace & Defense | $93.8M | 13.0% |
| Industrials | $80.7M | 11.1% |
| Power Generation and Transmission | $44.2M | 6.1% |
| Other Process Industries | $40.1M | 5.5% |
| Infrastructure, Research & Engineering | $37.5M | 5.2% |
| Other | $17.7M | 2.4% |
| Petrochemical | $13.1M | 1.8% |
By region, FY2025
| Segment | Revenue | Share |
|---|---|---|
| United States | $509.4M | 70.4% |
| Europe | $133.7M | 18.5% |
| Other Americas | $70.9M | 9.8% |
| Asia Pacific | $10.0M | 1.4% |
Company events
The newest 8-K filings of 149 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 28 Oct 2026 | 8-K | Other events | 8.01, 9.01 |
| 18 Sep 2026 | 8-K | Leadership change, Material agreement, Investor update, Other events | 1.01, 5.02, 7.01, 8.01, 9.01 |
| 10 Aug 2026 | 8-K | Results | 2.02, 9.01 |
| 20 May 2026 | 8-K | Shareholder vote | 5.07 |
| 5 May 2026 | 8-K | Results | 2.02, 9.01 |
| 4 Mar 2026 | 8-K | Results | 2.02, 9.01 |
| 4 Nov 2025 | 8-K | Results | 2.02, 9.01 |
| 10 Sep 2025 | 8-K | Leadership change | 5.02, 9.01 |
| 6 Aug 2025 | 8-K | Results | 2.02, 9.01 |
| 23 May 2025 | 8-K | Shareholder vote | 5.07 |
| 8 May 2025 | 8-K | Results | 2.02, 9.01 |
| 5 Mar 2025 | 8-K | Results | 2.02, 9.01 |
Every filing
The newest filings with the SEC of 334 held.
| Filed | Form | Period |
|---|---|---|
| 28 Oct 2026 | DEFA14A | – |
| 28 Oct 2026 | 8-K | 27 Oct 2026 |
| 27 Oct 2026 | DEFM14A | – |
| 15 Oct 2026 | PREM14A | 15 Oct 2026 |
| 18 Sep 2026 | DEFA14A | – |
| 18 Sep 2026 | DEFA14A | – |
| 18 Sep 2026 | DEFA14A | – |
| 18 Sep 2026 | DEFA14A | – |
| 18 Sep 2026 | DEFA14A | – |
| 18 Sep 2026 | DEFA14A | – |
| 18 Sep 2026 | DEFA14A | – |
| 18 Sep 2026 | 8-K | 17 Sep 2026 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 17 Apr 2026 | Foglia Stephanie Athena, 10% owner | Sale outside a trading plan | 1,000 | $18.00 | $18.0K | 1,692 | 4 Jun 2026 |
| 3 Mar 2026 | Foglia Stephanie Athena, 10% owner | Sale outside a trading plan | 1,000 | $15.50 | $15.5K | 2,692 | 4 Jun 2026 |
| 3 Feb 2026 | Foglia Stephanie Athena, 10% owner | Sale outside a trading plan | 1,000 | $14.60 | $14.6K | 3,692 | 4 Jun 2026 |
| 5 Jan 2026 | Foglia Stephanie Athena, 10% owner | Sale outside a trading plan | 1,000 | $13.60 | $13.6K | 4,692 | 4 Jun 2026 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 7 Oct 2026 | Stephanie Athena Foglia | 13D amended | 19.1% | 6.1M |
| 21 Sep 2026 | Stephanie Athena Foglia | 13D amended | 19.1% | 6.1M |
| 18 Sep 2026 | Mill Road Capital III, L.P. | 13D amended | 6.1% | 1.9M |
| 14 Sep 2026 | Stephanie Athena Foglia | 13D amended | 17.4% | 5.5M |
| 13 Aug 2026 | Aspasia Felice Vahaviolos | 13G amended | 19.2% | 6.1M |
| 12 Jun 2026 | Stephanie Foglia | 13D amended | 18.6% | 5.9M |
| 4 Jun 2026 | Stephanie Foglia | 13D amended | 19.89% | 6.3M |
| 23 Apr 2026 | Mill Road Capital III, L.P. | 13D amended | 5.9% | 1.9M |
| 31 Mar 2026 | Kristy Kyriakopoulos | 13G amended | 5.12% | 1.6M |
| 31 Mar 2026 | Aspasia Vahaviolos | 13G | 19.32% | 6.1M |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 738.7K | -21.25% | 2.18 |
| 30 Sep 2026 | 938.1K | -12.69% | 1.29 |
| 15 Sep 2026 | 1.1M | -2.15% | 4.82 |
| 31 Aug 2026 | 1.1M | -5.57% | 4.42 |
| 14 Aug 2026 | 1.2M | -3.96% | 5.3 |
| 31 Jul 2026 | 1.2M | -1.2% | 7.77 |
| 15 Jul 2026 | 1.2M | +29.18% | 6.8 |
| 30 Jun 2026 | 948.5K | +40.26% | 2.89 |
Funds that hold it
From each fund's latest Form 13F.
153 funds held it at 30 Jun 2026: 80 added and 29 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| Mill Road Capital Management LLC | 1,929,509 | $33.7M | +58,929 |
| Dimensional Fund Advisors LP | 1,700,793 | $29.7M | -2,888 |
| Royce & Associates LP | 1,580,728 | $27.6M | +47,676 |
| Weber Capital Management LLC | 1,448,154 | $25.3M | -8,815 |
| BlackRock, Inc. | 1,166,197 | $20.4M | +306,745 |
| IES Holdings, Inc. | 1,124,235 | $19.6M | +3,690 |
| First Eagle Investment Management, LLC | 1,107,710 | $19.4M | – |
| Vanguard Capital Management LLC | 1,052,512 | $18.4M | +122,334 |
| Federated Hermes, Inc. | 656,032 | $11.5M | 0 |
| Geode Capital Management, LLC | 510,059 | $8.9M | +156,648 |
Peers
Companies in the same industry.
- Tetra Tech Inc. (TTEK): revenue $5.1B, market value $9.8B
- Aecom (ACM): revenue $15.4B, market value $8.2B
- VSE Corp. (VSEC): revenue –, market value $4.3B
- Willdan Group, Inc. (WLDN): revenue $741.8M, market value $1.2B