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Segments

By segment

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North America$23.23M+10.9%
International$8.15M+3.7%
Products and Systems$890K+13.8%

Other financials

Income statement

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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

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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+76.4%
Enterprise value$700.23M+41.9%
P/E19×-6.4×
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:SellingGeneralAndAdministrativeExpense.

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
Cost of revenue130,965125,739249,782241,025
Depreciation5,7225,72111,20711,158
Gross profit56,44553,945101,17794,837
Selling, general and administrative expenses38,72239,79375,70875,445
Reorganization and other costs1,5272,9512,0026,038
Environmental expense4605183291,058
Research and engineering243269464568
Depreciation and amortization2,5471,9865,0464,312

ITEM 1. Financial Statements

FAQ

What is Mistras Group's SG&A?
Mistras Group (MG) reported SG&A of $38.72M in Q2 2026.
How has Mistras Group's SG&A changed year-over-year?
Mistras Group's SG&A decreased by 2.7% year-over-year, from $39.79M to $38.72M.
What is the long-term trend for Mistras Group's SG&A?
Over 4 years (2021 to 2025), Mistras Group's SG&A has grown at a -3.5% compound annual growth rate (CAGR), from $161.33M to $139.88M.
What does SG&A mean?
Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

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