Mistras Stock Price, News & Analysis
Company Description
MISTRAS Group, Inc. (NYSE: MG) is described as a global leader in technology-enabled industrial asset integrity and testing solutions. Operating in the professional, scientific, and technical services sector, the company focuses on asset protection and asset integrity for critical infrastructure. According to its public disclosures, MISTRAS serves industries including oil & gas, aerospace & defense, power & utilities, manufacturing, and civil infrastructure, and also references work in data centers and large-scale energy and environmental projects.
The company’s business centers on asset protection solutions and systems, where it evaluates the structural integrity and reliability of critical energy, industrial, and public infrastructure. MISTRAS notes that it operates through three primary segments: North America, International, and Products and Systems, with key revenue derived from the North America segment. Its services segment provides asset protection solutions predominantly in North America, with a large concentration in the United States followed by Canada.
MISTRAS emphasizes a diversified portfolio of products and services that includes advanced non-destructive testing (NDT), pipeline inspections, real-time condition monitoring, maintenance planning, and specialized engineering. These offerings are described as being powered by a proprietary management software suite that centralizes integrity data for predictive analytics and benchmark analysis. The company highlights its long-standing track record and deep industry expertise as foundations for helping clients reduce risk, extend asset life, and optimize operational performance.
Core services and capabilities
Within non-destructive testing and inspection, MISTRAS identifies a range of methods used to support asset integrity. Its asset protection solutions include field inspections, consulting, maintenance, data management, access, monitoring, and laboratory quality assurance. In multiple disclosures, the company specifies that it delivers NDT services such as Radiography (RT), Magnetic Particle Testing (MT), Liquid Penetrant Testing (PT), Positive Material Identification (PMI), Ultrasonic Thickness Testing (UT), and Leak Testing, performed by certified technicians with adherence to industry and regulatory standards.
MISTRAS also describes expertise in continuous monitoring and data analytics, integrating advanced sensor technologies within a broader Data Solutions ecosystem to provide real-time insight into asset condition and performance. In the pipeline space, MISTRAS references pipeline integrity data solutions, including inline inspection (ILI) and integrity engineering services, high-resolution ILI technologies, data integration, and integrity assessment services. These capabilities are presented as supporting operators in identifying anomalies, managing risk, and maintaining regulatory compliance.
Industry focus and end markets
According to its public statements, MISTRAS serves a range of critical industries. These include oil & gas, where the company provides pipeline inspections and pipeline integrity data solutions; aerospace & defense; power & utilities; manufacturing; and civil infrastructure. The company also highlights applications across wind turbines, bridges, cranes, ports and terminals, and steel manufacturing, particularly in connection with continuous monitoring and crack-detection technologies for steel structures.
MISTRAS’ work on large, complex projects underscores its role in supporting high-consequence infrastructure. Examples disclosed by the company include non-destructive testing services for the U.S. Department of Energy’s Hanford Vit Plant Project, a facility designed to process and vitrify high-level radioactive waste, and NDT services for a large LNG production and export facility in Louisiana. These projects illustrate how MISTRAS applies its inspection and monitoring capabilities to energy and environmental remediation initiatives.
Technology-enabled asset integrity
A recurring theme in MISTRAS’ descriptions is the combination of inspection services with technology and data management. The company notes that its proprietary management software suite centralizes integrity data for predictive analytics and benchmark analysis. It also emphasizes continuous, data-driven structural health monitoring and proactive maintenance, including through partnerships that add wireless crack-detection sensors for critical steel assets.
Through these technology-enabled solutions, MISTRAS positions itself as providing real-time intelligence on asset condition and performance. The company states that this approach helps customers minimize unplanned downtime, optimize inspection and repair intervals, and extend the life of critical infrastructure, while supporting safety, reliability, and operational efficiency.
Geographic and segment structure
MISTRAS reports that it operates through three segments: North America, International, and Products and Systems. The North America segment, with a large concentration in the United States followed by Canada, is identified as the primary revenue contributor. The services segment in North America provides asset protection solutions that include non-destructive testing and inspection, field inspections, consulting, maintenance, data management, access, monitoring, and laboratory quality assurance.
The International and Products and Systems segments complement this services base. While detailed geographic breakdowns beyond North America are not provided in the supplied materials, the company repeatedly describes itself as a global organization serving critical industries worldwide.
Role in engineering and technical services
Within the broader professional, scientific, and technical services sector, MISTRAS fits into the engineering services and industrial inspection niche. Its activities span engineering-related inspection, testing, and monitoring for complex mechanical, structural, and process systems. The company’s disclosures emphasize specialized engineering support, maintenance planning, and risk-focused integrity assessments, all oriented around maintaining the safety and reliability of high-value assets.
By combining non-destructive testing, continuous monitoring, integrity analytics, and specialized engineering, MISTRAS presents an integrated approach to asset integrity management. This is particularly relevant in industries where regulatory requirements, environmental considerations, and operational risks make inspection and monitoring a core part of ongoing operations.
Business model characteristics
Based on the information provided, MISTRAS generates revenue through its asset protection solutions and systems, with a significant contribution from services in North America. The company highlights recurring themes such as field inspections, laboratory quality assurance, consulting, and monitoring, as well as products and systems that support inspection and condition monitoring. The use of a proprietary management software suite and data-centric solutions suggests that software-enabled services and data management are important elements of how MISTRAS delivers value to its customers.
Across its disclosures, MISTRAS underscores its long-standing expertise, technical know-how, and the use of certified technicians and established standards. These characteristics align with its positioning as a provider of industrial asset integrity and testing solutions for critical and often highly regulated environments.
MG stock on the New York Stock Exchange
MISTRAS Group, Inc. trades on the New York Stock Exchange under the ticker symbol MG. Investors following MG stock are typically interested in the company’s performance in asset integrity, non-destructive testing, pipeline integrity data solutions, and technology-enabled monitoring across its core industries. Public filings and press releases reference metrics such as revenue, gross profit, net income, and non-GAAP measures like Adjusted EBITDA, free cash flow, and net debt, which the company uses internally to evaluate operating performance and liquidity.
For prospective and existing shareholders, MG represents exposure to the engineering services and industrial inspection segment of the professional, scientific, and technical services sector, with a focus on critical infrastructure and industrial assets.
Stock Performance
Mistras (MG) stock last traded at $15.30. Over the past 12 months, the stock has gained 47.3%, ranking #387 in 52-week price change. At a market capitalization of $483.4M, MG is classified as a small-cap stock with approximately 31.6M shares outstanding.
Latest News
Mistras has 10 recent news articles. Of the recent coverage, 5 articles coincided with positive price movement and 5 with negative movement. Key topics include earnings, conferences, partnership. View all MG news →
SEC Filings
Mistras has filed 5 recent SEC filings, including 2 Form 4, 1 Form SCHEDULE 13G/A, 1 Form SCHEDULE 13G, 1 Form SCHEDULE 13D. The most recent filing was submitted on March 31, 2026. SEC filings provide transparency into a company's financial condition, material events, and regulatory compliance. View all MG SEC filings →
Financial Highlights
Mistras generated $724.0M in revenue over the trailing twelve months, retaining a 28.2% gross margin, operating income reached $40.6M (5.6% operating margin), and net income was $16.8M, reflecting a 2.3% net profit margin. Diluted earnings per share stood at $0.53. The company generated $33.0M in operating cash flow. With a current ratio of 1.74, the balance sheet reflects a strong liquidity position.
Upcoming Events
Short Interest History
Short interest in Mistras (MG) currently stands at 600.0 thousand shares, up 12.2% from the previous reporting period, representing 3.4% of the float. Over the past 12 months, short interest has increased by 39%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for Mistras (MG) currently stands at 2.9 days, down 44.2% from the previous period. This days-to-cover ratio represents a balanced liquidity scenario for short positions. The days to cover has increased 21% over the past year, indicating improving liquidity conditions. The ratio has shown significant volatility over the period, ranging from 2.4 to 9.1 days.
MG Company Profile & Sector Positioning
Mistras (MG) operates in the Security & Protection Services industry within the broader Services-engineering Services sector and is listed on the NYSE. In monthly performance, the stock ranks #994 among all tracked companies.
Investors comparing MG often look at related companies in the same sector, including N L Inds Inc (NL), Compx Inter (CIX), Napco Security (NSSC), Evolv Technologies Hldngs Inc (EVLV), and Bridger Aerospace Group Holdings, Inc. (BAER). Comparing financial metrics, valuation ratios, and stock performance across these peers can help investors evaluate MG's relative position within its industry.