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← CockpitCompetitor Analysis › MG Mistras Group, Inc.Open in the cockpit ↗

Mistras Group, Inc.MGCompetitor analysis, valuation and peers

United States · USD·Industrials›Engineering & Construction
Momentum leader 84
Mkt cap
$642M
US dollars, full cap
Free float
56%
of shares outstanding
$/day
$7.93M
20-day average traded
Fwd P/E
16.4×
forward earnings
ROIC−WACC
+1.3 pp
WACC 8.6%
Hurdle
+3 pp
Req g minus delivered
Next earnings
124 days
10 Mar 2027
Close · USD$20.16
1D+0.1%
1W-0.1%
1M-2.6%
3M+27.7%
6M+14.3%
YTD+59.4%
1Y+71.0%
ATR %1.8%
Beta0.87
52w lowhigh8.0% off high

What Mistras does

Employees: 4,800

Mistras at a glance

Size Mistras (MG) is a United States Industrials company (Engineering & Construction) with a market value of $642M, the 2547th largest of 3,117 United States companies the cockpit tracks. Shares closed at $20.16 on 6 Nov 2026.

Performance Over six months the shares gained 14.3%, against -17.3% for the median peer and -1.1% for the United States market (cap-weighted) — 4th highest of 21 in its peer set.

Growth Revenue grew 4.6% over the last twelve months (peer median +13.9%); the operating margin is 7.4% (peer median 9.3%).

Valuation It trades at 16.4× forward earnings against a peer median of 11.8× (3rd most expensive of 12).

Price implies For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is +3 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 1.3 points above its cost of capital (8.6% WACC).

Short interest Short interest is 2.3% of the free float (15 Oct 2026).

Next results Next results expected around 10 Mar 2027 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026MG 113Peer median 83
Six months, rebased to 100: Mistras against the median of its 20 peers (local-currency closes).

Mistras financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$748M$724M$730M$705M$687M
Revenue growth—-1%+3%+3%—
Gross profit$204M$194M$181M$194M$188M
EBITDA$89.3M$86.0M$79.2M$65.8M$52.0M
Net income$20.8M$16.8M$19.0M-$17.5M$6.50M
Free cash flow$33.7M$8.31M$32.2M$5.89M$13.8M
Capital expenditure$35.0M$29.2M$23.0M$23.6M$13.4M
Total debt$214M$243M$232M$246M$244M

Quarterly statements and history in the cockpit →

Mistras competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-75%-50%-25%0%+25%-20%0%1965CLOUD3003883010581871TRANSRAILL002482LMB5534F9D0012109621175759111939DBL000886CDNL2535MG6-month return →1-month return →
Up and to the right = strong over both horizons. Mistras is the large dot.

Fundamentals: revenue growth against valuation

0%+50%10×20×CLOUD300388301058TRANSRAILLLMB5534F9D5911DBLCDNLMGRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Mistras is the large dot.

Capital: growth delivered against growth the price implies

0%+50%+100%+150%0%100%1965CLOUD300388301058TRANSRAILL002482LMB5911MGGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Mistras is the large dot.

Mistras competitors and peer comparison

How Mistras compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Mistras against its 20 peers (data as of 6 Nov 2026)
MeasureMGPeer medianRank in peer set
1-month return-2.6%-6.7%8th highest of 21
6-month return+14.3%-17.3%4th highest of 21
Distance from 52-week high-8.0%-35.0%4th highest of 21
Revenue growth (TTM)+4.6%+13.9%6th lowest of 21
Operating margin7.4%9.3%6th lowest of 21
Forward P/E16.4×11.8×3rd most expensive of 12
Growth the price implies (Req g, 7 yrs)7.6%-0.4%5th most demanding of 15
Growth delivered (Del g)+4.1%+8.2%7th lowest of 15
Hurdle (Req g minus delivered)+3.5 pp-10.7 pp4th most demanding of 15
ROIC minus cost of capital+1.3 pp+1.9 pp11th highest of 21
EV / EBITDA9.4×6.9×6th most expensive of 14
Net debt / EBITDA2.2×-0.5×5th most indebted of 15

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Mistras MGUnited States$642M+14%+5%7%16.4×7.6%+4.1%
Techno Ryowa 1965.TJapan$644M+12%+14%16%n/a-11.0%+12.5%
Cloudberry Clean Energy CLOUD.OLNorway$645M+2%+79%14%14.4×41.7%+168.9%
Cecep Guozhen Environmental Protection Technology 300388.SZChina$632M-22%+5%18%11.8×-2.0%-1.0%
COFCO Technology & Industry 301058.SZChina$630M-17%+3%8%17.2×-3.5%+8.4%
PS Construction 1871.TJapan$656M-17%+6%9%n/an/an/a
Transrail Lighting TRANSRAILL.NSIndia$628M-25%+14%11%10.5×5.9%+25.9%
Shenzhen Grandland 002482.SZChina$658M-32%+46%-4%n/a24.9%-33.5%
Limbach LMBUnited States$627M-36%+21%6%11.7×12.6%+2.6%
Chong Hong Development 5534.TWTaiwan$625M-16%-18%24%2.8×n/an/a
Boustead Singapore F9D.SISingapore$662M-35%+18%12%9.3×-11.4%-1.9%
Kingfore Energy 001210.SZChina$662M+32%+15%12%n/a13.4%+9.6%
CTI Engineering 9621.TJapan$619M+22%+8%9%12.0×-9.0%+9.2%
Beijing SPC Environment Protection Tech 002573.SZChina$619M-22%+1%-2%n/a5.2%+13.7%
Global Chinese Business Club 1757.HKHong Kong$610M-78%+121%1%n/an/an/a
Yokogawa Bridge 5911.TJapan$679M-6%+4%8%12.9×-12.8%+1.1%
Yondenko 1939.TJapan$685M+10%+7%11%n/a1.1%+2.1%
Dilip Buildcon DBL.NSIndia$688M-17%-19%16%25.7×n/an/a
Hainan Expressway 000886.SZChina$598M-27%+185%-12%n/an/an/a
Cardinal Infrastructure CDNLUnited States$691M-73%+90%8%6.8×n/an/a
Da-Cin Construction 2535.TWTaiwan$693M+23%+36%8%n/a-10.6%+7.9%

Questions

Which companies are Mistras's closest peers?
The cockpit's peer set: Techno Ryowa (1965.T), Cloudberry Clean Energy (CLOUD.OL), Cecep Guozhen Environmental Protection Technology (300388.SZ), COFCO Technology & Industry (301058.SZ), PS Construction (1871.T), Transrail Lighting (TRANSRAILL.NS), Shenzhen Grandland (002482.SZ), Limbach (LMB).
Is Mistras expensive compared with its peers?
On forward p/e it trades at 16.4× against a peer median of 11.8×, 3rd most expensive of 12 in its peer set. For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is +3 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Mistras stock performed?
Over six months to 6 Nov 2026 the shares returned +14.3% against -17.3% for the median peer; over one year +71.0%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.