# Mistras Group, Inc. (MG) · Edgar & Edgarette company card

> Mistras Group, Inc. (MG) saw revenue fall 0.8% in FY2025 to $724 million, operating margin 5.6% against a 6.5% median for engineering services, equity 40.6% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1436126 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/MG) · [JSON](https://www.pops4.com/boards/company/MG.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $724M |
| Revenue growth, 1 year | -0.8% |
| Revenue growth per year | 1.7% |
| Operating margin | 5.6% (prior year 5.5%) |
| Net margin | 2.3% |
| Operating cash flow | $33M |
| Capital spending | $25M |
| Free cash flow | $8M |
| Cash | $28M |
| Long-term debt | $178M |
| Total assets | $579M |
| Total equity | $235M |
| Equity ÷ assets | 40.6% |
| Return on equity | 7.2% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: 2.27 (grey zone)
- Piotroski F: 6 of 9 (solid)
- Health Harbor boat: New ship · no warning signs
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

Exposure: revenue $724.0M (FY2025), total debt $178.0M. Experience: revenue down 0.8% on the year, up 1.7% a year over 4 years; operating margin 5.6%, up from 5.5%. Soundness: equity 40.6% of assets, return on equity 7.2%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $631.9M and $803.8M next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $594.6M to $856.4M. A statistical range, not company guidance. Against peers (37 filers, $50M+ revenue, its industry group): operating margin 5.6% against a 6.5% median; growth -0.8% against 3.9%.

Range logged 2026-09-24, receipt f0ad0f7cc3b3a4df, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 1, latest 2026-09-18 ([filing](https://www.sec.gov/Archives/edgar/data/1436126/000114036126037107/0001140361-26-037107-index.htm))

## Recent filings

- 10-Q · filed 2026-11-02 · [filing](https://www.sec.gov/Archives/edgar/data/1436126/000162828026068961/0001628280-26-068961-index.htm)
- 8-K · filed 2026-10-28 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1436126/000114036126041054/0001140361-26-041054-index.htm)
- 8-K · filed 2026-09-18 · 1.01 Entry into a Material Definitive Agreement; 5.02 Departure or Election of Directors; Appointment of Officers; 7.01 Regulation FD Disclosure; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1436126/000114036126037107/0001140361-26-037107-index.htm)
- 10-Q · filed 2026-08-10 · [filing](https://www.sec.gov/Archives/edgar/data/1436126/000162828026055351/0001628280-26-055351-index.htm)
- 8-K · filed 2026-08-10 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1436126/000162828026055344/0001628280-26-055344-index.htm)
- 8-K · filed 2026-05-20 · 5.07 Submission of Matters to a Vote of Security Holders · [filing](https://www.sec.gov/Archives/edgar/data/1436126/000162828026036918/0001628280-26-036918-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001436126.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1436126

## Cite

POPS4, Edgar & Edgarette: Mistras Group, Inc. (MG) company card, from the company's own SEC filings, accessed 2026-11-06, https://www.pops4.com/boards/company/MG. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.