Mistras Group Inc
NYSE:MG
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
Mistras Group Inc
NYSE:MG
|
US |
|
J
|
JR Holding Alternatywna Spolka Inwestycyjna SA
WSE:JRH
|
PL |
Mistras Group Inc
MISTRAS Group, Inc. engages in the provision of technology-enabled asset protection solutions. The company is headquartered in Princeton Junction, New Jersey and currently employs 5,400 full-time employees. The company went IPO on 2009-10-08. The Company’s segments include Services, International and Products and Systems. Services provides asset protection solutions in North America segment with concentration on the United States along with a Canadian services business, consisting of non-destructive testing and inspection. International offers services products and systems to select markets in Europe, the Middle East, Africa, Asia and South America, and Products. Products and Systems segment designs, manufactures, sells, installs, and services the Company's asset protection products and systems, including equipment and instrumentation, primarily in the United States. The firm is integrating asset protection throughout supply chains and centralizing integrity data through a suite of Industrial Internet of things (IoT) connected digital software and monitoring solutions, including OneSuite, which serves as an ecosystem platform.
MISTRAS Group, Inc. engages in the provision of technology-enabled asset protection solutions. The company is headquartered in Princeton Junction, New Jersey and currently employs 5,400 full-time employees. The company went IPO on 2009-10-08. The Company’s segments include Services, International and Products and Systems. Services provides asset protection solutions in North America segment with concentration on the United States along with a Canadian services business, consisting of non-destructive testing and inspection. International offers services products and systems to select markets in Europe, the Middle East, Africa, Asia and South America, and Products. Products and Systems segment designs, manufactures, sells, installs, and services the Company's asset protection products and systems, including equipment and instrumentation, primarily in the United States. The firm is integrating asset protection throughout supply chains and centralizing integrity data through a suite of Industrial Internet of things (IoT) connected digital software and monitoring solutions, including OneSuite, which serves as an ecosystem platform.
Revenue: Consolidated Q4 revenue grew 5.1% year-over-year; full year 2025 revenue was $724 million.
Profitability: Q4 gross margin improved to 28.4% (up 190 bps YoY) and adjusted EBITDA for Q4 was $24.8 million (13.7% margin), the company's best-ever Q4 adjusted EBITDA.
Growth mix: Aerospace & Defense, Power Generation and Infrastructure drove double-digit gains in Q4 (A&D +21.9%, Power Gen +33.2%, Infrastructure +26.8%); lab revenues were up 61% in Q4.
Cash & leverage: Positive free cash flow in Q4 of $24.6 million; gross debt $178 million, net debt $150 million and bank leverage about 2.5x with a targeted ~$20 million paydown in 2026 to reach ~2x.
2026 outlook: Management guides 2026 revenue $730M–$750M and adjusted EBITDA $91M–$93M, with CapEx elevated to ~4.5% of revenue to remove capacity constraints (particularly in labs) and invest in AI/data capabilities.
Strategic priorities: Vision 2030 focus on expanding share-of-wallet via data solutions (PCMS, OneSuite), diversifying into infrastructure/power/data centers, and driving operational leverage through efficiency and digital tools.
Risks/Drivers: Results depend materially on oil & gas spending (still the largest end market); management is cautious on oil & gas and sees 2026 as an investment year while defending margins.
