Mistras Group Inc logo

Mistras Group Inc(MG)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL RECENCY
4-STAR RATING
STRONG BUY
BUY for 32 days
PROFIT SINCE LAST BUY
+6.17% ▲
LAST CLOSE
$20.65
10/02/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for MG

10/02/2026: MG (4-star) is a STRONG-BUY. BUY for 32 days. Simulated Profits (6.17%). Updated daily EoD!

Mistras Group is an industrial services company that provides essential non-destructive testing and inspection to ensure the reliability of critical infrastructure. The company benefits from a niche competitive advantage in proprietary acoustic emission technology and deep integration within high-hazard industrial sectors. Its primary growth opportunity lies in digitizing its inspection data and expanding into emerging energy infrastructure like renewables. However, investors must consider the risks posed by cyclical demand in energy markets and intense competition in the testing service space. The stock is best suited for those comfortable with cyclical industrial volatility, as it currently pays no dividend.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThe company offers exposure to industrial growth but is constrained by the cyclicality of its primary end markets.
Momentum investorWeak fitThe stock often lacks consistent, sustained price momentum required for momentum strategies unless a specific sector upturn occurs.
Value investorStrong fit while signal remains positiveThe stock may offer value for those looking for exposure to specialized industrial services at a reasonable valuation relative to asset base.
Dividend investorWeak fitMistras does not currently pay a dividend, making it unsuitable for income-focused portfolios.
Low-risk investorWeak fitExposure to industrial cycles and volatility in the energy sector makes this stock higher risk.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMedium / highThe stock is susceptible to fluctuations in industrial spending and energy market sentiment.
Valuation riskMediumMarket pricing can be sensitive to the company's ability to maintain margins in a competitive services environment.
Competition risk (Service providers)HighIntense competition from large global firms and localized players puts pressure on service pricing.
Business qualityMediumThe business relies heavily on human capital and cyclical industrial capital expenditures.
Dividend incomeLow / noneNo dividend payments are provided, providing zero yield for investors.
Execution riskMedium / highSuccessfully integrating services and technology while managing field-staff efficiency is operationally challenging.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit 46.78%
Avg. Invested days 41
Today’s Advisory Strong Buy
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 4.0
Stock Returns Performance Upturn Returns Performance icon 3.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/02/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
MG receives a 3-star rating, supported by solid analyst coverage. The rating is constrained by soft unit economics, and weak price momentum.

Company Fundamentals

★★★★★
MG has moderate overall fundamentals (3 stars), with moderate financial health, soft growth momentum, and solid ownership. In FY2025 versus FY2024, growth and ownership metrics are mixed: negative earnings growth (-11.2%), soft cash generation (FCF margin 1.1%), slightly negative revenue growth (-0.8%).

Financial Health Rating

★★★★★
MG's financial health is supported by solid cash strength, including free-cash-flow generation (1.1% of revenue). Profitability is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
MG's growth profile is soft, with the least-weak measure being revenue growth at -0.8% FY2025 versus FY2024. By comparison, while earnings growth (-11.2%, negative) and free-cash-flow growth (-69.4%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 64.4% and approximately 42.2% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 47.98% supports management-shareholder alignment.

Top 5 Institutional Investors

Mill Road Capital Management LLC 6.06%
Dimensional Fund Advisors, Inc. 5.34%
Royce & Associates, LP 4.96%
Weber Capital Management LLC 4.55%
BlackRock Inc 3.66%

Unit Economics (Per $1K Revenue)

★★★★★
MG generates approximately $268 of gross profit, $74 of operating income, and $11 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Soft margins explain the 2-star rating, with weak cash conversion and soft capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: 24.72%

Quantitative Style Profile

★★★★★
MG has a Value-Oriented profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedSmall / Mid Cap RiskShort Squeeze Risk

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 657.92M USD
Price to earnings Ratio 24.88
1Y Target Price 23
Price to earnings Ratio 24.88
1Y Target Price 23
Volume (30-day avg) 417.3K shares
Beta 0.92
52 Weeks Range 9.37 - 21.77
Updated Date 10/02/2026
52 Weeks Range 9.37 - 21.77
Updated Date 10/02/2026
Dividends yield (FY) -
Basic EPS (TTM) 0.83

How Company Makes Money

Business areaWhat it includesRetail investor read
Services SegmentField inspection, NDT, and maintenance services for refineries and power plants.Most revenue comes from providing expert on-site inspection services to keep industrial infrastructure running safely.
Products and Systems SegmentManufacturing of acoustic emission sensors, monitoring software, and testing equipment.The company sells the specialized 'tools' used for high-tech testing, which carries higher margins than service labor.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE 24.88
Forward PE 16.56
Enterprise Value 855.77M
Price to Sales(TTM) 0.89
Enterprise Value 855.77M
Price to Sales(TTM) 0.89
Enterprise Value to Revenue 1.16
Enterprise Value to EBITDA 10.56
Shares Outstanding 31.86M
Shares Floating 13.44M
Shares Outstanding 31.86M
Shares Floating 13.44M
Percent Insiders 47.98
Percent Institutions 64.45

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Mistras Group Inc

Exchange NYSE
Headquarters Princeton Junction, NJ, United States
IPO Launch date 2009-10-08
CEO, President & Director Ms. Natalia Shuman
Sector Industrials
Industry Security & Protection Services
Full time employees 4800
Full time employees 4800

Mistras Group, Inc. provides technology-enabled industrial asset integrity and laboratory testing solutions in the United States, Europe, the Middle East, Africa, Asia, and South America. The company offers non-destructive testing (NDT) services; pipeline inspections; Plant Condition Management Software; maintenance planning; and specialized engineering solutions. It also provides maintenance and light mechanical services, such as corrosion removal, mitigation and prevention, insulation installation and removal, electrical services, heat tracing, industrial cleaning, pipefitting, and welding; engineering consulting services, including plant operations and management support, turnaround/shutdown planning, profit improvement, facilities planning studies, engineering design, process safety reviews, energy optimization evaluations, benchmarking/key performance indicator development, and technical training. In addition, the company offers scaffolding and rope access forb at-height and confined assets; certified divers for subsea inspection and maintenance; unmanned aerial, land-based, and subsea systems for inspection applications; portable, handheld, wireless and turnkey NDT equipment; acoustic emission products and sensors, instruments, and turnkey systems for monitoring and testing materials, pressure components, processes, and structures; and ultrasonic testing equipment. Further, it provides asset protection solutions to detect, mitigate, and prevent degradation mechanisms, such as corrosion, cracking, leaks, and manufacturing defects; inspection, maintenance, and monitoring and data services; and quality assurance and quality control solutions for new and existing metal and alloy components, materials, and composites. It serves renewable energy, alternative power generation, natural gas transportation, data centers, pipeline integrity, and additive manufacturing industries. The company was founded in 1978 and is headquartered in Princeton Junction, New Jersey.