What is Mistras Group's net debt?

Mistras Group (MG) reported net debt of $191.71M in Q1 2026.

How has Mistras Group's net debt changed year-over-year?

Mistras Group's net debt increased by 2.9% year-over-year, from $186.32M to $191.71M.

What is the long-term trend for Mistras Group's net debt?

Over 5 years (2020 to 2025), Mistras Group's net debt has grown at a -3.6% compound annual growth rate (CAGR), from $257.37M to $214.61M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Mistras Group MG Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

Cabot CorporationCBT

1.1×-0.3×

Travel + LeisureTNL

6×+1.6×

UnifirstUNF

-0.2×-0.1×

HES

Hess MidstreamHESM

3.1×-0.1×

Helen Of TroyHELE

4.8×+2.6×

CorMedixCRMD

-0.9×—

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

Calculated from Mistras Group’s reported figures.

$216.7Mtotal debt−$25.0Mcash and equivalents=$191.71M

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 net debt?: Mistras Group (MG) reported net debt of $191.71M in Q1 2026.
How has Mistras Group's net debt changed year-over-year?: Mistras Group's net debt increased by 2.9% year-over-year, from $186.32M to $191.71M.
What is the long-term trend for Mistras Group's net debt?: Over 5 years (2020 to 2025), Mistras Group's net debt has grown at a -3.6% compound annual growth rate (CAGR), from $257.37M to $214.61M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.