Mistras Group, Inc. (MG) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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MG Revenue Growth
Revenue Breakdown (FY 2025)
MG's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
MG Revenue Analysis (2014–2025)
As of May 8, 2026, Mistras Group, Inc. (MG) generated trailing twelve-month (TTM) revenue of $731.4 million, reflecting modest growth of +4.6% year-over-year. The most recent quarter (Q1 2026) recorded $169.0 million in revenue, down 6.8% sequentially.
Looking at the longer-term picture, MG's 5-year compound annual growth rate (CAGR) stands at +4.1%, indicating moderate growth over time. The company achieved its highest annual revenue of $748.6 million in 2019.
Revenue diversification analysis shows MG's business is primarily driven by Oil & Gas (55%), Aerospace and Defense (13%), and Industrials (11%). With over half of revenue concentrated in Oil & Gas, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including TDY (+6.1% YoY), TISI (+3.7% YoY), and PRIM (+13.4% YoY), MG has underperformed the peer group in terms of revenue growth. Compare MG vs TDY →
MG Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MGCurrent | $731M | +4.6% | +4.1% | 7.4% | |
 TDY | $6.1B | +6.1% | +14.7% | 18.8% | |
 TISI | $852M | +3.7% | -6.0% | 1.2% | |
 PRIM | $7.6B | +13.4% | +16.8% | 5.5% | |
 MYRG | $3.7B | +13.1% | +10.2% | 4.4% | |
 MTZ | $14.3B | +22.6% | +17.7% | 4.6% |
MG Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $724.0M | -0.8% | $194.1M | 26.8% | $53.2M | 7.4% |
| 2024 | $729.6M | +3.4% | $213.1M | 29.2% | $39.8M | 5.5% |
| 2023 | $705.5M | +2.6% | $203.8M | 28.9% | $-1,904,000 | -0.3% |
| 2022 | $687.4M | +1.5% | $198.2M | 28.8% | $19.8M | 2.9% |
| 2021 | $677.1M | +14.3% | $197.1M | 29.1% | $18.2M | 2.7% |
| 2020 | $592.6M | -20.8% | $178.5M | 30.1% | $-101,217,000 | -17.1% |
| 2019 | $748.6M | +0.8% | $217.3M | 29.0% | $24.1M | 3.2% |
| 2018 | $742.4M | +5.9% | $207.9M | 28.0% | $22.2M | 3.0% |
| 2017 | $701.0M | +2.4% | $187.7M | 26.8% | $4.2M | 0.6% |
| 2016 | $684.8M | -3.7% | $168.6M | 24.6% | $25.5M | 3.7% |
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Start ComparisonMG — Frequently Asked Questions
Quick answers to the most common questions about buying MG stock.
Is MG's revenue growth accelerating or slowing?
MG revenue growth slowed to +4.6%, below the 5-year CAGR of +4.1%. TTM revenue is $731M. The deceleration marks a shift from historical growth rates.
What is MG's long-term revenue growth rate?
Mistras Group, Inc.'s 5-year revenue CAGR of +4.1% reflects the variable expansion pattern. Current YoY growth of +4.6% is near this long-term average.
How is MG's revenue distributed by segment?
MG reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.