What is Mistras Group's work in process?

Mistras Group (MG) reported work in process of $1.3M in Q1 2026.

How has Mistras Group's work in process changed year-over-year?

Mistras Group's work in process increased by 5.9% year-over-year, from $1.23M to $1.3M.

What is the long-term trend for Mistras Group's work in process?

Over 2 years (2023 to 2025), Mistras Group's work in process has grown at a 4.3% compound annual growth rate (CAGR), from $839K to $912K.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

Mistras Group MG Work in process

Work in process at other companies

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$61.77M-3.5%

Matthews InternationalMATW

$46.62M-38.6%

Crane Co.CR

——

HEICOHEI

——

Quanta ServicesPWR

——

Other financials

Income statement

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Revenue$169.0M+4.6%

Gross profit$50.2M+8.4%

Operating income$4.7M+563%

Net income$2.4M+175%

EPS (diluted)$0.07+170%

Balance sheet

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Cash & equivalents$25.0M+34.8%

Total debt$216.7M+5.8%

Total equity$233.2M+17.4%

Total assets$572.7M+8.7%

Cash flow

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Operating cash flow$2.8M-50.2%

CapEx$6.0M+31.0%

Free cash flow-$3.2M-390%

Valuation

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Market cap$597.52M+153%

Enterprise value$789.23M+86.6%

P/E26.7×+10.7×

P/S0.8×+0.5×

Profitability

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Gross margin31.5%+1.8pp

Operating margin6.3%+1.6pp

Net margin3.1%+1.0pp

FCF margin0.6%-4.8pp

Returns & leverage

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Return on equity10.4%+2.7pp

Debt / equity0.9×-0.1×

Current ratio1.8×+0.3×

Where this comes from

Reported directly by Mistras Group in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcessNetOfReserves.

The official record: Mistras Group’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Mistras Group's work in process?: Mistras Group (MG) reported work in process of $1.3M in Q1 2026.
How has Mistras Group's work in process changed year-over-year?: Mistras Group's work in process increased by 5.9% year-over-year, from $1.23M to $1.3M.
What is the long-term trend for Mistras Group's work in process?: Over 2 years (2023 to 2025), Mistras Group's work in process has grown at a 4.3% compound annual growth rate (CAGR), from $839K to $912K.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.