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Mistras Group MG Capital Lease Obligations Incurred

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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:CapitalLeaseObligationsIncurred.

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 capital lease obligations incurred?
Mistras Group (MG) reported capital lease obligations incurred of $2.56M in Q1 2026.
How has Mistras Group's capital lease obligations incurred changed year-over-year?
Mistras Group's capital lease obligations incurred increased by 7.9% year-over-year, from $2.37M to $2.56M.
What is the long-term trend for Mistras Group's capital lease obligations incurred?
Over 4 years (2021 to 2025), Mistras Group's capital lease obligations incurred has grown at a 36.5% compound annual growth rate (CAGR), from $2.92M to $10.15M.
What does capital lease obligations incurred mean?
This represents the value of new assets acquired through finance or capital lease arrangements rather than direct cash purchases. It provides insight into the company's strategy for financing equipment and infrastructure without immediate capital expenditure. High levels of these obligations indicate a reliance on debt-like financing to maintain operational capacity.