2021–2025 (latest 5 aligned FYs; v3 window cap 5): revenue $677M to $724M, increasing; diluted EPS 0.13 to 0.53, increasing.
49
Median gross margin 28.2% over 10y, very stable.
0
Median ROIC 3.1%, above the 12% hurdle in 0% of years.
28
Net debt/EBITDA 2.1x, interest coverage 3x.
20
Owner earnings changed -6.5%/yr over up to the ten most recent annual observations, share count n/a.
Price vs. value if growth stopped today
A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.
Above value if growth stopped todayBelow value if growth stopped today
No price data
$23.2M
Unavailable — insufficient owner-earnings data
Unavailable — insufficient growth-model data
$15.46
No price data
This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. The recent FY revenue series does not trigger the three-consecutive-declines flag.
Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 0% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.
17 years of fundamentals
The business, in plain English
Mistras Group, Inc. booked $724M of revenue in FY2025 in the Consumer Discretionary sector and kept 28.2% of it as gross profit — a moderate-margin business by that measure. After every other cost, 2.3% of each revenue dollar reached the bottom line.
Across the filed record, revenue grew from $272M (FY2010) to $724M (FY2025) — about 6.7% a year compounded over 15 years.
It earned 7.9% on invested capital in the latest filed year, FY2025. Across the full 16-year measurable filed record, median ROIC was 6.2%. Over the v3 recent window (10 measurable filed years), median ROIC was 3.1%. The Returns on Capital filter above scores it 0/100.
The balance sheet carried $178M of total debt in FY2025 against $23.2M of owner earnings — roughly 7.7 years of owner earnings to retire it all. Balance-Sheet Safety scores it 28/100.
Put together: Business Trend is the strongest of the five filters (73/100) and Returns on Capital the weakest (0/100), which is how MG lands at 34/100 — a None moat.
This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.
FY2009–FY2025 · 17 fiscal years, normalized from MG’s SEC filings
Sales, as filed$724M FY2025Revenue kept after cost of goods28.2% FY2025Standard ROIC or separately labeled Operating ROICROIC 7.9% FY2025Cash an owner could take out$23.2M FY2025
Gaps in a line mean that item isn’t in MG’s filings for that year. The series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.
Flagship explainer
How Mistras Group, Inc. makes its money
Mistras Group, Inc.'s filing does not supply enough comparable lines for a truthful flow chart — here's what is filed:
Position size uses shares and filed value from each manager’s 13F. Portfolio weight uses the eligible long-share filing denominator. Changes compare only with the immediately preceding calendar quarter.
Records still being gathered — partial as of retrieval Aug 10, 2026.
Partial coverage: the incomplete Form 4 walk cannot establish no activity, an activity date, or zero counts.
Moat Score history
15 logged readings since Jul 17, 2026 · append-only, never rewritten
Moat Score over timeLast scored reading of each day, on the 0–100 scale34.1 / 100
Breaks in the line mark methodology or normalizer upgrades — readings across versions aren’t compared, so a level shift there isn’t a change in the business.
Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars
Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.
Insider activity
Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”
These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.
This machine-readable surface covers SEC ownership filings from 2003; it does not represent earlier paper-era records.
Records still being gathered — partial as of retrieval Aug 10, 2026.
Trailing-12-month totals and the 90-day cluster result are withheld because this issuer walk is incomplete.
No reported Form 4 rows were captured for MG; the incomplete walk cannot establish zero activity, zero counts, or a negative cluster result.
A filing source-event date will appear when a Form 4 row is captured.
Retrieved .
Consumer Discretionary context
#360 of 487 scored Consumer Discretionary companies, ranked by Moat Score.
Based on its FY2025 SEC filings, the Moat Index scores Mistras Group, Inc. (MG) 34.1 out of 100 — below the Shallow-moat bar, so no moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 73, pricing power 49, returns on capital 0, balance-sheet safety 28, capital allocation 20.
How has MG's Moat Score changed over time?
The record logs 15 readings since Jul 17, 2026; the latest reads 34.1 out of 100 (no moat). No tier changes on record yet. (Methodology or normalizer upgrades on Jul 20, 2026, Jul 23, 2026, Jul 26, 2026 re-based the score; readings across versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.
Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell MG. See the disclaimer.