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Mistras Group MG Operating Income

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Segments

By segment

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North America$17.75M+5.9%
International$3.02M-24.6%
Products and Systems$676K+101%

Other financials

Income statement

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

Balance sheet

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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

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

Valuation

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Market cap$511.61M+79.6%
Enterprise value$700.23M+43.8%
P/E19×-6.0×
P/S0.7×+0.3×

Profitability

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

Returns & leverage

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

Where this comes from

Reported directly by Mistras Group in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Mistras Group’s 10-Q, filed August 10, 2026.

Filed
Aug 10, 2026, 5:16 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-055351
Line itemThree months ended June 30, 2026Three months ended June 30, 2025Six months ended June 30, 2026Six months ended June 30, 2025
Environmental expense4605183291,058
Research and engineering243269464568
Depreciation and amortization2,5471,9865,0464,312
Income from operations12,9468,42817,6287,416
Other income, net(1,013)(1,945)
Interest expense4,1384,2397,0177,563
Income (loss) before provision (benefit) for income taxes9,8214,18912,556(147)
Provision (benefit) for income taxes2,2691,0632,647(105)

ITEM 1. Financial Statements

FAQ

What is Mistras Group's operating income?
Mistras Group (MG) reported operating income of $12.95M in Q2 2026.
How has Mistras Group's operating income changed year-over-year?
Mistras Group's operating income increased by 53.6% year-over-year, from $8.43M to $12.95M.
What is the long-term trend for Mistras Group's operating income?
Over 4 years (2021 to 2025), Mistras Group's operating income has grown at a 22.2% compound annual growth rate (CAGR), from $18.17M to $40.57M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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