Skip to content
Screener

Mistras Group MG Q2 2026 earnings

Reported August 10, 2026 · After market close

Revenue$193.1MBeat by $3.5M
EPS$0.28Beat by $0.04
Revenue estimate$189.7M
EPS estimate$0.24
“Our second quarter results show continued progress against the transformation we outlined under Vision2030. We generated $193.1 million in revenue, delivered $25.8 million of Adjusted EBITDA in the second quarter, achieved significantly improved free cash flow with an increase of $23.9 million quarter-over-quarter, and continued to position the business around higher-growth, higher-value end markets. Q2 also marked the fourth consecutive quarter of mid-single-digit revenue growth, a notable benchmark that underscores MISTRAS becoming a more diversified, more technology-enabled, and less cyclical company.”
Natalia Shuman

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$202.4M
EPS estimate$0.38

Financials

Q2 2026

Income statement

See full
Revenue$193.1M+4.2%
Gross profit$62.2M+4.2%
Operating income$12.9M+53.6%
Net income$7.6M+151%
EPS (diluted)$0.23+130%

Balance sheet

See full
Cash & equivalents$22.0M+10.2%
Total debt$210.6M-5.2%
Total equity$240.0M+11.2%
Total assets$584.1M+2.3%

Cash flow

See full
Operating cash flow$14.9M+261%
CapEx$4.8M-12.6%
Free cash flow$10.1M+169%

Valuation & ratios

Valuation

as of 09/17/26
See full
Market cap$616.61M+108%
Enterprise value$805.23M+61.4%
P/E22.9×-3.1×
P/S0.8×+0.4×

Profitability

See full
Gross margin31.6%+1.3pp
Operating margin6.9%+2.6pp
Net margin3.6%+2.0pp
FCF margin3.9%+0.6pp

Returns & leverage

See full
Return on equity11.8%+6.2pp
Debt / equity0.9×-0.2×
Current ratio1.7×+0.1×

Segments

By product

See full
Oil & Gas$94.3M-8.2%
Aerospace & Defense$27.2M+13.2%
Industrials$20.5M+4.4%
Power Generation & Transmission$14.9M+26.4%
Infrastructure, Research & Engineering$14.2M+76.5%

By segment

See full
North America$156.6M+5.8%
International$38.0M-2.7%
Products and Systems$3.9M+43.0%

By geography

See full
Europe$37.2M+2.9%
Other Americas$18.9M+11.8%
Asia-Pacific$1.1M-36.4%

FAQ

When did Mistras Group report Q2 2026 earnings?
Mistras Group (MG) reported Q2 2026 earnings on August 10, 2026 after market close.
What were Mistras Group's Q2 2026 revenue and EPS?
Mistras Group reported revenue of $193.1M and eps of $0.28 for Q2 2026.
Did Mistras Group beat estimates in Q2 2026?
Revenue beat the consensus estimate of $189.7M by $3.5M. EPS beat the consensus estimate of $0.24 by $0.04.
How did Mistras Group's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 4.2% from $185.4M a year earlier and eps grew 47.4% from $0.19.
Where can I find Mistras Group's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001628280-26-055344) and the 10-Q periodic report (0001628280-26-055351) directly on SEC EDGAR. The filing index links above go to sec.gov.