MG: Mistras Group Inc Financial Statements

Balance sheet, income statement, and cash flow statements for Mistras Group Inc (MG).

OverviewDividends

$280.95M Market Cap.

As of 05/11/2025 5:00 PM ET (MRY) • Disclaimer

MG Market Cap. (MRY)


MG Shares Outstanding (MRY)


MG Assets (MRY)


Total Assets

$523.04M

Total Liabilities

$324.14M

Total Investments

$0

MG Income (MRY)


Revenue

$729.64M

Net Income

$18.96M

Operating Expense

$173.28M

MG Cash Flow (MRY)


CF Operations

$50.13M

CF Investing

-$21.37M

CF Financing

-$27.40M

MG Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$523,038,000 (-2.19%)

$534,776,000 (-0.02%)

$534,904,000 (-4.85%)

$562,195,000 (-3.62%)

Assets Current

$172,470,000 (-4.37%)

$180,356,000 (7.43%)

$167,882,000 (4.06%)

$161,338,000 (-0.77%)

Assets Non-Current

$350,568,000 (-1.09%)

$354,420,000 (-3.43%)

$367,022,000 (-8.44%)

$400,857,000 (-4.72%)

Goodwill & Intangible Assets

$221,150,000 (-4.41%)

$231,348,000 (-6.96%)

$248,650,000 (-6.11%)

$264,820,000 (-3.58%)

Shareholders Equity

$198,568,000 (4.40%)

$190,192,000 (-4.16%)

$198,450,000 (-1.11%)

$200,683,000 (1.86%)

Property Plant & Equipment Net

$80,892,000 (-0.10%)

$80,972,000 (4.40%)

$77,561,000 (-10.41%)

$86,578,000 (-6.58%)

Cash & Equivalents

$18,317,000 (3.80%)

$17,646,000 (-13.87%)

$20,488,000 (-15.02%)

$24,110,000 (-6.41%)

Accumulated Other Comprehensive Income

-$42,682,000 (-50.63%)

-$28,336,000 (15.14%)

-$33,390,000 (-64.39%)

-$20,311,000 (-26.46%)

Deferred Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Investments

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Investments Current

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Investments Non-Current

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Inventory

$14,485,000 (-5.22%)

$15,283,000 (12.74%)

$13,556,000 (6.86%)

$12,686,000 (-3.41%)

Trade & Non-Trade Receivables

$127,281,000 (-4.19%)

$132,847,000 (7.43%)

$123,657,000 (12.92%)

$109,511,000 (1.75%)

Trade & Non-Trade Payables

$11,128,000 (-34.66%)

$17,032,000 (35.91%)

$12,532,000 (-2.63%)

$12,870,000 (-9.62%)

Accumulated Retained Earnings (Deficit)

-$9,984,000 (65.50%)

-$28,942,000 (-151.91%)

-$11,489,000 (36.13%)

-$17,988,000 (17.67%)

Tax Assets

$6,267,000 (170.60%)

$2,316,000 (197.30%)

$779,000 (-64.17%)

$2,174,000 (5.07%)

Tax Liabilities

$3,629,000 (-0.66%)

$3,653,000 (-54.39%)

$8,009,000 (-12.37%)

$9,140,000 (-16.15%)

Total Debt

$190,126,000 (-8.07%)

$206,819,000 (0.64%)

$205,497,000 (-4.90%)

$216,082,000 (-8.09%)

Debt Current

$16,908,000 (20.26%)

$14,059,000 (20.93%)

$11,626,000 (-51.41%)

$23,927,000 (65.67%)

Debt Non-Current

$173,218,000 (-10.14%)

$192,760,000 (-0.57%)

$193,871,000 (0.89%)

$192,155,000 (-12.92%)

Total Liabilities

$324,143,000 (-5.85%)

$344,273,000 (2.41%)

$336,155,000 (-6.96%)

$361,283,000 (-6.43%)

Liabilities Current

$114,925,000 (-1.37%)

$116,523,000 (12.34%)

$103,728,000 (-14.57%)

$121,415,000 (10.53%)

Liabilities Non-Current

$209,218,000 (-8.14%)

$227,750,000 (-2.01%)

$232,427,000 (-3.10%)

$239,868,000 (-13.17%)

MG Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$729,640,000 (3.43%)

$705,473,000 (2.63%)

$687,373,000 (1.51%)

$677,131,000 (14.27%)

Cost of Revenue

$516,531,000 (2.96%)

$501,666,000 (2.55%)

$489,200,000 (1.92%)

$479,984,000 (15.93%)

Selling General & Administrative Expense

$156,388,000 (-6.21%)

$166,749,000 (0.21%)

$166,400,000 (3.14%)

$161,334,000 (2.66%)

Research & Development Expense

$1,119,000 (-35.06%)

$1,723,000 (-13.59%)

$1,994,000 (-20.81%)

$2,518,000 (-12.93%)

Operating Expenses

$173,283,000 (-15.76%)

$205,711,000 (15.33%)

$178,374,000 (-0.34%)

$178,977,000 (-36.02%)

Interest Expense

$17,067,000 (1.83%)

$16,761,000 (59.55%)

$10,505,000 (-3.46%)

$10,882,000 (-16.00%)

Income Tax Expense

$5,274,000 (532.30%)

-$1,220,000 (-144.85%)

$2,720,000 (-19.88%)

$3,395,000 (123.09%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

$18,970,000 (208.74%)

-$17,445,000 (-365.36%)

$6,574,000 (68.87%)

$3,893,000 (103.91%)

Net Income to Non-Controlling Interests

$12,000 (50.00%)

$8,000 (-89.33%)

$75,000 (127.27%)

$33,000 (760.00%)

Net Income

$18,958,000 (208.62%)

-$17,453,000 (-368.55%)

$6,499,000 (68.37%)

$3,860,000 (103.88%)

Preferred Dividends Income Statement Impact

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income Common Stock

$18,958,000 (208.62%)

-$17,453,000 (-368.55%)

$6,499,000 (68.37%)

$3,860,000 (103.88%)

Weighted Average Shares

$30,926,000 (1.97%)

$30,330,000 (1.43%)

$29,901,000 (1.11%)

$29,572,000 (1.46%)

Weighted Average Shares Diluted

$31,608,000 (4.21%)

$30,330,000 (0.33%)

$30,229,000 (0.33%)

$30,130,000 (3.37%)

Earning Before Interest & Taxes (EBIT)

$41,299,000 (2259.99%)

-$1,912,000 (-109.69%)

$19,724,000 (8.75%)

$18,137,000 (117.92%)

Gross Profit

$213,109,000 (4.56%)

$203,807,000 (2.84%)

$198,173,000 (0.52%)

$197,147,000 (10.43%)

Operating Income

$39,826,000 (2191.70%)

-$1,904,000 (-109.62%)

$19,799,000 (8.97%)

$18,170,000 (117.95%)

MG Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

-$21,366,000 (3.47%)

-$22,133,000 (-80.85%)

-$12,238,000 (34.03%)

-$18,551,000 (-23.93%)

Net Cash Flow from Financing

-$27,398,000 (-255.54%)

-$7,706,000 (52.79%)

-$16,323,000 (29.78%)

-$23,245,000 (47.37%)

Net Cash Flow from Operations

$50,129,000 (87.41%)

$26,748,000 (1.30%)

$26,406,000 (-37.52%)

$42,261,000 (-37.67%)

Net Cash Flow / Change in Cash & Cash Equivalents

$671,000 (123.61%)

-$2,842,000 (21.54%)

-$3,622,000 (-119.52%)

-$1,650,000 (-115.36%)

Net Cash Flow - Business Acquisitions and Disposals

$0 (0%)

$0 (0%)

$0 (0%)

-$440,000 (0%)

Net Cash Flow - Investment Acquisitions and Disposals

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Capital Expenditure

-$16,282,000 (15.80%)

-$19,338,000 (-69.44%)

-$11,413,000 (32.85%)

-$16,996,000 (-16.47%)

Issuance (Repayment) of Debt Securities

-$26,092,000 (-325.37%)

-$6,134,000 (58.95%)

-$14,941,000 (28.64%)

-$20,937,000 (49.65%)

Issuance (Purchase) of Equity Shares

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Payment of Dividends & Other Cash Distributions

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Effect of Exchange Rate Changes on Cash

-$694,000 (-378.71%)

$249,000 (116.97%)

-$1,467,000 (30.64%)

-$2,115,000 (-201.68%)

Share Based Compensation

$5,072,000 (-11.20%)

$5,712,000 (7.07%)

$5,335,000 (-1.59%)

$5,421,000 (-7.35%)

Depreciation Amortization & Accretion

$33,010,000 (-3.19%)

$34,099,000 (2.42%)

$33,294,000 (-4.66%)

$34,921,000 (-2.20%)

MG Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

29.20% (1.04%)

28.90% (0.35%)

28.80% (-1.03%)

29.10% (-3.32%)

Profit Margin

2.60% (204.00%)

-2.50% (-377.78%)

0.90% (50.00%)

0.60% (103.57%)

EBITDA Margin

10.20% (121.74%)

4.60% (-40.26%)

7.70% (-1.28%)

7.80% (170.27%)

Return on Average Equity (ROAE)

9.70% (207.78%)

-9.00% (-372.73%)

3.30% (73.68%)

1.90% (103.49%)

Return on Average Assets (ROAA)

3.50% (206.06%)

-3.30% (-375.00%)

1.20% (71.43%)

0.70% (104.07%)

Return on Sales (ROS)

5.70% (2000.00%)

-0.30% (-110.34%)

2.90% (7.41%)

2.70% (115.79%)

Return on Invested Capital (ROIC)

10.60% (2220.00%)

-0.50% (-109.43%)

5.30% (15.22%)

4.60% (119.83%)

Dividend Yield

0% (0%)

0% (0%)

0% (0%)

0% (0%)

Price to Earnings Ratio (P/E)

14.85 (217.68%)

-12.62 (-156.32%)

22.41 (-60.79%)

57.15 (2611.16%)

Price to Sales Ratio (P/S)

0.38 (21.90%)

0.32 (47.20%)

0.21 (-33.95%)

0.32 (-15.18%)

Price to Book Ratio (P/B)

1.42 (21.15%)

1.17 (57.20%)

0.74 (-31.90%)

1.09 (-5.13%)

Debt to Equity Ratio (D/E)

1.63 (-9.83%)

1.81 (6.85%)

1.69 (-5.89%)

1.8 (-8.16%)

Earnings Per Share (EPS)

0.61 (205.17%)

-0.58 (-363.64%)

0.22 (69.23%)

0.13 (103.81%)

Sales Per Share (SPS)

23.59 (1.43%)

23.26 (1.18%)

22.99 (0.39%)

22.9 (12.63%)

Free Cash Flow Per Share (FCFPS)

1.09 (348.36%)

0.24 (-51.30%)

0.5 (-41.33%)

0.85 (-53.23%)

Book Value Per Share (BVPS)

6.42 (2.39%)

6.27 (-5.51%)

6.64 (-2.20%)

6.79 (0.38%)

Tangible Assets Book Value Per Share (TABVPS)

9.76 (-2.42%)

10 (4.50%)

9.57 (-4.80%)

10.06 (-5.04%)

Enterprise Value Over EBIT (EV/EBIT)

11 (105.00%)

-220 (-1394.12%)

17 (-29.17%)

24 (580.00%)

Enterprise Value Over EBITDA (EV/EBITDA)

6.27 (-52.04%)

13.08 (101.63%)

6.49 (-19.27%)

8.03 (215.45%)

Asset Turnover

1.35 (2.35%)

1.32 (5.36%)

1.25 (7.11%)

1.17 (13.96%)

Current Ratio

1.5 (-3.04%)

1.55 (-4.33%)

1.62 (21.75%)

1.33 (-10.20%)

Dividends

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Free Cash Flow (FCF)

$33,847,000 (356.77%)

$7,410,000 (-50.58%)

$14,993,000 (-40.66%)

$25,265,000 (-52.52%)

Enterprise Value (EV)

$466,041,998 (10.72%)

$420,928,692 (22.41%)

$343,859,751 (-19.33%)

$426,242,745 (-6.50%)

Earnings Before Tax (EBT)

$24,232,000 (229.77%)

-$18,673,000 (-302.55%)

$9,219,000 (27.07%)

$7,255,000 (106.35%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

$74,309,000 (130.87%)

$32,187,000 (-39.29%)

$53,018,000 (-0.08%)

$53,058,000 (181.00%)

Invested Capital

$358,772,000 (-4.60%)

$376,078,000 (2.32%)

$367,535,000 (-0.11%)

$367,932,000 (-9.85%)

Working Capital

$57,545,000 (-9.85%)

$63,833,000 (-0.50%)

$64,154,000 (60.69%)

$39,923,000 (-24.30%)

Tangible Asset Value

$301,888,000 (-0.51%)

$303,428,000 (6.00%)

$286,254,000 (-3.74%)

$297,375,000 (-3.66%)

Market Capitalization

$280,953,998 (26.45%)

$222,184,692 (50.75%)

$147,384,751 (-32.66%)

$218,874,745 (-3.38%)

Average Equity

$196,016,750 (1.60%)

$192,924,500 (-0.56%)

$194,017,000 (-2.35%)

$198,691,750 (8.84%)

Average Assets

$541,248,250 (1.02%)

$535,807,750 (-2.54%)

$549,780,000 (-5.26%)

$580,301,250 (0.25%)

Invested Capital Average

$388,609,000 (3.22%)

$376,501,000 (0.71%)

$373,840,750 (-4.69%)

$392,227,500 (-9.91%)

Shares

31,010,375 (2.17%)

30,353,100 (1.53%)

29,895,487 (1.48%)

29,458,243 (0.91%)