0001628280-26-016765
SEC filingMistras Group, Inc. reported revenue of $724.0 million for fiscal year 2025, generating a gross profit of $204.5 million. The company achieved operating income of $40.6 million and net income attributable to Mistras Group, Inc. of $16.8 million. Key profitability metrics include a gross margin of 28.2% and an operating margin of 5.6%. The company generated $33.0 million in net cash from operating activities, with free cash flow of $8.3 million after accounting for capital expenditures. The balance sheet shows total assets of $578.8 million, with total liabilities of $343.1 million and stockholders' equity of $235.1 million. The company maintained a solid liquidity position with $28.0 million in cash and cash equivalents.
Mistras Group, Inc. reported total revenue of $724.0 million for fiscal year 2025, with cost of revenue at $497.1 million resulting in gross profit of $204.5 million. The company achieved operating income of $40.6 million after accounting for selling, general and administrative expenses of $139.9 million, reorganization costs of $12.7 million, environmental expense of $1.7 million, and research and engineering costs of $1.0 million. Net income was $16.9 million, with $16.8 million attributable to Mistras Group, Inc. after accounting for $84,000 attributable to noncontrolling interests. The company reported basic earnings per share of $1.00 based on 31.4 million weighted average common shares outstanding.
The filing does not provide segment breakdown or geographic mix data for revenue analysis. The total revenue figure of $724.0 million represents the consolidated performance of all company operations. No specific growth drivers, customer concentration data, or product/service breakdown is disclosed in the provided financial data. The revenue figure represents the full fiscal year performance ending December 31, 2025.
The company achieved a gross margin of 28.2% based on revenue of $724.0 million and gross profit of $204.5 million. Operating margin was 5.6% based on operating income of $40.6 million. The cost structure shows significant selling, general and administrative expenses of $139.9 million, representing 19.3% of revenue. Reorganization and other costs of $12.7 million impacted profitability, representing 1.8% of revenue. The company maintained positive operating leverage with operating income representing 5.6% of total revenue.
The company generated $33.0 million in net cash from operating activities, with key adjustments including $31.0 million in depreciation and amortization and $7.8 million in share-based compensation. Investing activities used $25.1 million primarily for purchases of property, plant and equipment ($24.7 million) and intangible assets ($4.5 million), partially offset by proceeds from equipment sales ($4.1 million). Free cash flow was $8.3 million (operating cash flow of $33.0M minus capital expenditures of $24.7M). The balance sheet shows total assets of $578.8 million, including $216.2 million in current assets and $184.8 million in goodwill. Total liabilities were $343.1 million, including $124.3 million in current liabilities and $165.1 million in long-term debt. Stockholders' equity was $235.1 million, resulting in a debt-to-equity ratio of 0.70.
The filing does not provide management guidance, strategic priorities, or specific risk factors in the provided financial data. No forward-looking statements, revenue projections, or operational targets are disclosed in the extracted financial information. The analysis is limited to the historical financial results for fiscal year 2025 as presented in the income statement, balance sheet, and cash flow statement data.