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Mistras Group, Inc. (MG) Stock Fundamental Analysis & AI Rating 2026

MG NYSE Services-Engineering Services DE CIK: 0001436126
Updated This Month • Analysis: Apr 1, 2026 • SEC Data: 2025-12-31
Combined AI Rating
HOLD
70% Confidence
STRONG AGREEMENT
HOLD
62% Conf
HOLD
77% Conf

📊 MG Key Takeaways

Revenue: $724.0M
Net Margin: 2.3%
Free Cash Flow: $8.3M
Current Ratio: 1.74x
Debt/Equity: 0.76x
EPS: $0.53
AI Rating: HOLD with 62% confidence
Mistras Group, Inc. (MG) receives a HOLD rating with 70% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $724.0M, net profit margin of 2.3%, and return on equity (ROE) of 7.2%, Mistras Group, Inc. demonstrates mixed fundamentals in the Services sector. Below is our complete MG stock analysis for 2026.

Is Mistras Group, Inc. (MG) a Good Investment?

Claude

Mistras Group demonstrates stable operational liquidity with a healthy 1.74x current ratio and solid interest coverage of 9.2x, supporting its serviceable debt load of $178M. However, stagnant revenue (-0.8% YoY) and declining diluted EPS (-11.7% YoY) amid compressed margins (2.3% net margin) suggest operational challenges and limited organic growth momentum. The company's weak free cash flow conversion (1.1% FCF margin) relative to $724M revenue indicates capital intensity and reinvestment pressures that constrain shareholder returns.

ChatGPT

Mistras Group shows stable but low-quality profitability, with modest operating margins, flat revenue, and essentially unchanged net income despite a tougher EPS comparison. The balance sheet is serviceable with solid liquidity and manageable interest coverage, but weak free cash flow generation and limited top-line growth constrain the fundamental outlook.

Why Buy Mistras Group, Inc. Stock? MG Key Strengths

Claude
  • + Strong liquidity position with 1.74x current ratio and 1.63x quick ratio providing operational flexibility
  • + Solid debt serviceability with 9.2x interest coverage and manageable 0.76x debt-to-equity ratio
  • + Gross margin of 28.2% indicates reasonable pricing power and cost management in service delivery
ChatGPT
  • + Solid liquidity profile with 1.74x current ratio and 1.63x quick ratio
  • + Manageable leverage with debt/equity of 0.76x and interest coverage of 9.2x
  • + Positive operating income and cash from operations support financial stability

MG Stock Risks: Mistras Group, Inc. Investment Risks

Claude
  • ! Revenue stagnation (-0.8% YoY) signals weak organic growth and potential market share pressures in engineering services
  • ! Declining profitability with diluted EPS down 11.7% YoY despite stable revenue suggests rising operational costs and margin compression
  • ! Weak free cash flow generation ($8.3M FCF on $724M revenue = 1.1% margin) limits capital allocation flexibility and growth investments
ChatGPT
  • ! Revenue declined 0.8% year over year, indicating weak growth momentum
  • ! Net margin of 2.3% and FCF margin of 1.1% leave little room for execution mistakes
  • ! Diluted EPS fell 11.7% year over year, suggesting pressure from costs, financing, or share count dynamics

Key Metrics to Watch

Claude
  • * Revenue growth trajectory and order backlog trends
  • * Operating margin expansion/contraction and labor cost efficiency
  • * Free cash flow generation and conversion rate improvement
ChatGPT
  • * Free cash flow conversion from operating cash flow
  • * Operating margin trend versus revenue growth

Mistras Group, Inc. (MG) Financial Metrics & Key Ratios

Revenue
$724.0M
Net Income
$16.8M
EPS (Diluted)
$0.53
Free Cash Flow
$8.3M
Total Assets
$578.8M
Cash Position
$28.0M

💡 AI Analyst Insight

The relatively thin 1.1% FCF margin may limit capital allocation flexibility.

MG Profit Margin, ROE & Profitability Analysis

Gross Margin 28.2%
Operating Margin 5.6%
Net Margin 2.3%
ROE 7.2%
ROA 2.9%
FCF Margin 1.1%

MG vs Services Sector: How Mistras Group, Inc. Compares

How Mistras Group, Inc. compares to Services sector averages

Net Margin
MG 2.3%
vs
Sector Avg 10.0%
MG Sector
ROE
MG 7.2%
vs
Sector Avg 16.0%
MG Sector
Current Ratio
MG 1.7x
vs
Sector Avg 1.5x
MG Sector
Debt/Equity
MG 0.8x
vs
Sector Avg 0.7x
MG Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Mistras Group, Inc. Stock Overvalued? MG Valuation Analysis 2026

Based on fundamental analysis, Mistras Group, Inc. shows some fundamental concerns relative to the Services sector in 2026.

Return on Equity
7.2%
Sector avg: 16%
Net Profit Margin
2.3%
Sector avg: 10%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.76x
Sector avg: 0.7x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Mistras Group, Inc. Balance Sheet: MG Debt, Cash & Liquidity

Current Ratio
1.74x
Quick Ratio
1.63x
Debt/Equity
0.76x
Debt/Assets
59.3%
Interest Coverage
9.16x
Long-term Debt
$178.0M

MG Revenue & Earnings Growth: 5-Year Financial Trend

MG 5-year financial data: Year 2021: Revenue $748.6M, Net Income -$5.3M, EPS $0.21. Year 2022: Revenue $687.4M, Net Income -$98.5M, EPS $-3.41. Year 2023: Revenue $705.5M, Net Income -$5.4M, EPS N/A. Year 2024: Revenue $729.6M, Net Income $6.5M, EPS N/A. Year 2025: Revenue $729.6M, Net Income -$17.5M, EPS $-0.58.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Mistras Group, Inc.'s revenue has remained relatively flat over the 5-year period, with a 3% decline. The most recent EPS of $-0.58 indicates the company is currently unprofitable.

MG Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
1.1%
Free cash flow / Revenue

MG Quarterly Earnings & Performance

Quarterly financial performance data for Mistras Group, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $182.7M $6.4M $0.20
Q2 2025 $185.4M -$169.0K $0.00
Q1 2025 $161.6M $995.0K $0.03
Q3 2024 $179.4M $6.4M N/A
Q2 2024 $176.0M $337.0K N/A
Q1 2024 $168.0M $995.0K $0.03
Q3 2023 $178.5M $3.7M N/A
Q2 2023 $176.0M $337.0K N/A

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Mistras Group, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$33.0M
Cash generated from operations
Capital Expenditures
$24.7M
Investment in assets
Dividends
None
No dividend program

MG SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Mistras Group, Inc. (CIK: 0001436126)

📋 Recent SEC Filings

Date Form Document Action
Apr 7, 2026 DEF 14A ny20063324x1_def14a.htm View →
Mar 26, 2026 4 xslF345X06/form4.xml View →
Mar 23, 2026 4 xslF345X06/form4.xml View →
Mar 17, 2026 4 xslF345X05/form4.xml View →
Mar 11, 2026 10-K mg-20251231.htm View →

Frequently Asked Questions about MG

What is the AI rating for MG?

Mistras Group, Inc. (MG) has a Combined AI Rating of HOLD from Claude (HOLD) and ChatGPT (HOLD) with 70% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are MG's key strengths?

Claude: Strong liquidity position with 1.74x current ratio and 1.63x quick ratio providing operational flexibility. Solid debt serviceability with 9.2x interest coverage and manageable 0.76x debt-to-equity ratio. ChatGPT: Solid liquidity profile with 1.74x current ratio and 1.63x quick ratio. Manageable leverage with debt/equity of 0.76x and interest coverage of 9.2x.

What are the risks of investing in MG?

Claude: Revenue stagnation (-0.8% YoY) signals weak organic growth and potential market share pressures in engineering services. Declining profitability with diluted EPS down 11.7% YoY despite stable revenue suggests rising operational costs and margin compression. ChatGPT: Revenue declined 0.8% year over year, indicating weak growth momentum. Net margin of 2.3% and FCF margin of 1.1% leave little room for execution mistakes.

What is MG's revenue and growth?

Mistras Group, Inc. reported revenue of $724.0M.

Does MG pay dividends?

Mistras Group, Inc. does not currently pay dividends.

Where can I find MG SEC filings?

Official SEC filings for Mistras Group, Inc. (CIK: 0001436126) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is MG's EPS?

Mistras Group, Inc. has a diluted EPS of $0.53.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is MG a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Mistras Group, Inc. has a HOLD rating with 70% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is MG stock overvalued or undervalued?

Valuation metrics for MG: ROE of 7.2% (sector avg: 16%), net margin of 2.3% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.

Should I buy MG stock in 2026?

Our dual AI analysis gives Mistras Group, Inc. a combined HOLD rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is MG's free cash flow?

Mistras Group, Inc.'s operating cash flow is $33.0M, with capital expenditures of $24.7M. FCF margin is 1.1%.

How does MG compare to other Services stocks?

Vs Services sector averages: Net margin 2.3% (avg: 10%), ROE 7.2% (avg: 16%), current ratio 1.74 (avg: 1.5).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Apr 1, 2026 | Data as of: 2025-12-31 | Powered by Claude AI