# Mistras Group, Inc. (MG)

> Source: Nexqual · https://nexqual.com/MG · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Mistras Group, Inc. (MG), nexqual.com/MG" · informational, not investment advice.

**Price:** USD 21.42 (+0.52% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 21.31 · day 21.1–21.52 · 52w 9.45–21.92 · market cap $682M · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $739M, net income $27.0M (3.6% margin), free cash flow $28.9M (SEC filings).
- Valuation: P/E 25.3x (avg 19.6x at the last 2 fiscal year-ends), EV/EBITDA 11.7x, net debt $150M.
- 1 of 80 tracked superinvestors hold MG (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $62K; 1 not under a Rule 10b5-1 plan ($62K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.00 on a 1–5 scale) (1 analysts), mean target USD 23 (range 22–24).
- Total return with dividends: 1Y +115.9% vs S&P 500 +14.9%; 5Y +123.1% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD 0.38, revenue estimate $202M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $677M | $687M | $705M | $730M | $724M | $739M |
| Gross profit | $197M | $198M | $184M | $192M | $205M | — |
| Operating income | $18.2M | $19.8M | -$1.9M | $39.8M | $40.6M | $50.8M |
| Net income | $3.9M | $6.5M | -$17.5M | $19.0M | $16.8M | $27.0M |
| EPS (diluted) | $0.13 | $0.21 | -$0.58 | $0.60 | $0.53 | — |
| Free cash flow | $24.1M | $13.8M | $5.9M | $32.2M | $8.3M | $28.9M |
| Gross margin | 29.1% | 28.8% | 26.1% | 26.3% | 28.2% | — |
| Operating margin | 2.7% | 2.9% | -0.3% | 5.5% | 5.6% | 6.9% |
| Net margin | 0.6% | 0.9% | -2.5% | 2.6% | 2.3% | 3.6% |
| Revenue growth | +14.3% | +1.5% | +2.6% | +3.4% | -0.8% | — |
| Cash + short-term investments | $24.1M | $20.5M | $17.6M | $18.3M | $28.0M | — |
| Total debt | $203M | $191M | $190M | $170M | $178M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 25.3x · P/S 0.9x · EV/EBITDA 11.7x · EV/Sales 1.1x · P/FCF 23.6x · P/B 2.8x · FCF yield 4.24% · Earnings yield 3.95% · Net debt $150M · EV $833M
P/E at fiscal year-ends: Dec 2025 24.1x, Dec 2024 15.1x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold MG. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | 0.02% | $9.7M | Added +96.7% |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-01-05…2026-04-17 | Foglia Stephanie Athena |  | 4,000 | $62K | 0.1% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 2.00 on a 1–5 scale), 1 analysts; mean target USD 23 (low 22, high 24).

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +115.9% | +123.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +116.5% | +17.4% |
| Volatility (annualized) | 44.2% | 42.2% |
| Max drawdown | -22.2% (May 2026→Jul 2026) | -60.3% (Oct 2021→Nov 2022) |

## Peers (Security & Protection Services)
EVLV (Evolv Technologies Holdings, In) USD 4.59 +3.85% · CIX (CompX International Inc.) USD 35.81 +3.80% · NSSC (NAPCO Security Technologies, In) USD 38.6 +3.65% · CXW (CoreCivic, Inc.) USD 29.33 -0.64% · GEO (Geo Group Inc (The) REIT) USD 26.94 -2.53% · BRC (Brady Corporation) USD 82.65 +0.38%

## More
Full page: https://nexqual.com/MG · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| North America | $156.6M | 81.1% | +5.8% | $17.8M | 11.3% |
| International | $38.0M | 19.7% | -2.7% | $3.0M | 7.9% |
| Products and Systems | $3.9M | 2.0% | +43.0% | $676,000 | 17.3% |
| Total revenue | $193.1M | 100% | — | $12.9M | 6.7% |
The lines above cover 102.8% of total revenue.

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Oil & Gas | $86.0M | 44.6% | -7.1% |
| Aerospace & Defense | $19.4M | 10.0% | +15.1% |
| Power Generation & Transmission | $12.7M | 6.6% | +36.2% |
| Industrials | $12.5M | 6.5% | +7.5% |
| Infrastructure, Research & Engineering | $8.9M | 4.6% | +158.5% |
| Other | $8.3M | 4.3% | +62.7% |
| Other Process Industries | $6.3M | 3.2% | +6.6% |
| Petrochemical | $2.5M | 1.3% | -20.5% |
| Total revenue | $193.1M | 100% | — |
The lines above cover 81.1% of total revenue.

## Revenue by region (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $135.8M | 70.3% | +4.1% |
| Europe | $37.2M | 19.3% | +2.9% |
| Other Americas | $18.9M | 9.8% | +11.8% |
| Asia-Pacific | $1.1M | 0.6% | -36.4% |
| Total revenue | $193.1M | 100% | — |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.38 | $0.43 | -12.8% | $202.1M | 2 |
| Next quarter (ends 2026-12-31) | $0.29 | $0.28 | +1.8% | $182.9M | 2 |
| Current fiscal year (ends 2026-12-31) | $1.02 | $1.04 | -1.9% | $747.1M | 2 |
| Next fiscal year (ends 2027-12-31) | $1.26 | $1.25 | +1.6% | $787.2M | 2 |