What is Mistras Group's R&D?

Mistras Group (MG) reported R&D of $221K in Q1 2026.

How has Mistras Group's R&D changed year-over-year?

Mistras Group's R&D decreased by 26.1% year-over-year, from $299K to $221K.

What is the long-term trend for Mistras Group's R&D?

Over 4 years (2021 to 2025), Mistras Group's R&D has grown at a -20.1% compound annual growth rate (CAGR), from $2.52M to $1.03M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Mistras Group MG R&D

R&D at other companies

Digital TurbineAPPS

$9.46M+3.8%

Helmerich & PayneHP

$7.02M-25.5%

Matthews InternationalMATW

$4.18M+4.8%

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:ResearchAndDevelopmentExpense.

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 R&D?: Mistras Group (MG) reported R&D of $221K in Q1 2026.
How has Mistras Group's R&D changed year-over-year?: Mistras Group's R&D decreased by 26.1% year-over-year, from $299K to $221K.
What is the long-term trend for Mistras Group's R&D?: Over 4 years (2021 to 2025), Mistras Group's R&D has grown at a -20.1% compound annual growth rate (CAGR), from $2.52M to $1.03M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.