MG
IndustrialsMistras Group, Inc. · Security & Protection Services · $550M
What is Mistras Group, Inc.?
Mistras Group is a small-cap industrials company specializing in technology-enabled asset protection services. Operating across North America and internationally, it helps industrial clients monitor, inspect, and maintain critical infrastructure assets.
Mistras generates revenue by delivering non-destructive testing, predictive maintenance, and inline pipeline inspection services to industrial operators. Its three segments — Services, International, and Products and Systems — cover everything from corrosion mitigation and engineering consulting to acoustic emission sensor manufacturing and enterprise inspection software. The company also offers subsea inspection via certified divers and unmanned aerial systems.
Mistras Group was incorporated in 2009 and is headquartered in Princeton Junction, New Jersey.
- Non-destructive testing and predictive maintenance services
- Inline pipeline inspection and corrosion mitigation
- Enterprise inspection and plant condition management software
- Acoustic emission sensors, instruments, and turnkey monitoring systems
Is MG a Good Stock to Buy?
UQS Score rates MG as Below Average overall, reflecting meaningful challenges across several key pillars.
Among the five pillars, Valuation stands out as the relative bright spot, rated Good — suggesting the market may already be pricing in the company's headwinds. Quality comes in at Neutral, indicating neither a clear structural advantage nor a severe deterioration in business fundamentals.
Moat, Growth, and Risk are all rated Weak, pointing to limited competitive differentiation, subdued expansion prospects, and above-average financial or operational risk factors.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does MG pay dividends?
No — Mistras Group, Inc. does not currently pay a dividend.
Mistras Group does not currently pay a dividend. For a company carrying Weak ratings across Growth and Risk pillars, retaining cash rather than distributing it is consistent with a focus on managing the balance sheet and funding operational needs. Income-oriented investors should factor this into their assessment.
When does MG report earnings?
Mistras Group reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
Given Weak Growth and Risk pillar ratings, recent quarters have likely reflected pressure on revenue expansion and margin sustainability. Investors should monitor management commentary on contract wins and cost discipline as key indicators of near-term trajectory.
For the most recent quarter's results and guidance, visit Mistras Group's investor relations page directly.
MG Price History
+72.0% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Mistras Group, Inc.?
Based on Mistras Group, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
MG Long-term Outlook
The combination of Weak Growth and Weak Risk pillar ratings suggests a cautious fundamental outlook for Mistras Group. The business operates in a competitive services market where differentiation is difficult to sustain, and the Weak Moat rating underscores that challenge. A Good Valuation rating offers some cushion, but meaningful re-rating likely depends on demonstrated improvement in contract growth and risk management.
Growth drivers
- Expanding demand for infrastructure inspection in aging industrial facilities
- Growing adoption of digital and software-based asset monitoring solutions
- International segment diversification across energy and industrial end markets
Key risks
- Limited competitive moat in a fragmented services industry
- Elevated financial or operational risk reflected in the Weak Risk pillar
- Subdued organic growth potential constraining earnings expansion
MG vs Peers
Mistras Group operates in a niche corner of the industrials sector alongside several companies that serve overlapping markets in testing, security, and industrial products.
CompX focuses on security products and marine components, giving it a narrower but more specialized industrial niche compared to Mistras's broad inspection services platform.
NL Industries operates as a holding company with interests in security products, making its business model more asset-oriented and less service-driven than Mistras.
Evolv brings a technology-first approach to security screening, competing in the sensor and detection space where Mistras also deploys advanced monitoring systems.
Frequently Asked Questions
What does Mistras Group do?
Mistras Group provides technology-enabled asset protection services, including non-destructive testing, predictive maintenance, pipeline inspection, corrosion mitigation, and condition-monitoring software. It serves industrial clients across energy, manufacturing, and infrastructure sectors through its Services, International, and Products and Systems segments.
Does MG pay dividends?
Mistras Group does not currently pay a dividend. The company retains its cash flow rather than distributing it to shareholders, which is common for smaller industrial services firms managing balance sheet obligations and operational investment needs.
When does MG report earnings?
Mistras Group follows a standard quarterly earnings cadence for US-listed companies. For exact dates and the most recent results, check the investor relations section of the Mistras Group corporate website.
Is MG a good stock to buy?
UQS Score rates MG as Below Average, driven by Weak ratings on Moat, Growth, and Risk pillars. The Valuation pillar is rated Good, which may interest contrarian investors, but the overall profile suggests meaningful fundamental challenges. Review the full pillar breakdown before drawing conclusions.
Is MG overvalued?
Based on the UQS Valuation pillar, MG is rated Good — meaning the current market price appears relatively reasonable given the company's fundamentals. However, a favorable valuation alone does not offset concerns in other pillars. Pro members can view the complete valuation metrics behind this rating.
How does MG compare to its competitors?
Compared to peers like CompX International, NL Industries, and Evolv Technologies, Mistras occupies a distinct niche in industrial inspection and asset monitoring services. Its breadth of offerings — spanning software, sensors, and field services — differentiates it, though the Weak Moat rating suggests this breadth has not translated into strong competitive insulation.
What is MG's market cap bracket?
Mistras Group is classified as a small-cap company. This places it in a segment of the market that can offer growth potential but typically carries higher volatility and liquidity risk compared to large- or mega-cap industrials.
Who founded Mistras Group?
Mistras Group was founded by Sotirios Vahaviolos, a pioneer in acoustic emission technology. The company was incorporated in 2009, though its roots in non-destructive testing research extend further back through predecessor entities.
Is MG a long-term quality investment?
As a long-term quality indicator, MG's Below Average UQS Score — with Weak ratings on Moat, Growth, and Risk — raises questions about durable competitive advantage and earnings sustainability. The Good Valuation rating may attract patient investors, but long-term quality typically requires stronger foundational pillar scores.
What is the main competitive advantage of Mistras Group?
Mistras's broadest potential advantage lies in its integrated platform — combining field inspection services, proprietary software, and sensor hardware under one roof. However, the UQS Moat pillar rates this advantage as Weak, suggesting competitors can replicate key elements of its offering in the current market environment.
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Pro Analysis
MG — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 15, 2026 | 42.0 | 41.3 | 29.0 | 36.6 | 46.4 | 67.8 | +6.3 |
| May 10, 2026 | 35.7 | 9.8 | 29.0 | 36.5 | 41.3 | 83.1 | +0.8 |
| May 8, 2026 | 34.9 | 9.8 | 29.0 | 34.7 | 41.3 | 80.2 | -4.7 |
| May 7, 2026 | 39.6 | 42.3 | 29.0 | 34.7 | 37.8 | 61.2 | +0.2 |
| May 4, 2026 | 39.4 | 42.3 | 29.0 | 34.7 | 37.8 | 59.9 | +0.1 |
| May 3, 2026 | 39.3 | 42.3 | 29.0 | 34.3 | 37.8 | 59.6 | -0.1 |
| Apr 26, 2026 | 39.4 | 42.3 | 29.0 | 34.3 | 37.8 | 60.0 | -0.4 |
| Apr 19, 2026 | 39.8 | 42.3 | 29.0 | 34.3 | 37.8 | 62.9 | -0.4 |
| Apr 18, 2026 | 40.2 | 42.5 | 29.0 | 34.3 | 37.8 | 65.2 | +0.7 |
| Apr 14, 2026 | 39.5 | 42.5 | 29.0 | 34.3 | 37.8 | 60.8 | -0.2 |
MG — Pillar Breakdown
Quality
— 41.3/100 (25%)Mistras Group, Inc. has average quality metrics, with room for improvement in margins or capital efficiency.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 36.6/100 (20%)Mistras Group, Inc. shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 46.4/100 (15%)Mistras Group, Inc. has some risk factors including moderate leverage or solvency concerns.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 66.7/100 (15%)Mistras Group, Inc. trades at a reasonable valuation with decent earnings yield and FCF multiples.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 29/100 (25%)Mistras Group, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for MG.
Score Composition
Financial Data
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How is the MG UQS Score Calculated?
The UQS (Unified Quality Score) for Mistras Group, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Mistras Group, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Mistras Group, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.