Does Mistras Group, Inc. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores Mistras Group, Inc. (MG) 24.3 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 49, returns on capital 0, balance-sheet safety 28, capital discipline 20.

How has MG's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 24.3 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

Mistras Group, Inc.

MG · Consumer Discretionary · FY2025 filings · No moat ·

Doesn't clear the bar

No moat

The four filters

Pricing power49

Median gross margin 28.2% over 10y, very stable.

Returns on capital0

Median ROIC 3.1%, above the 9% hurdle in 0% of years.

Balance-sheet safety28

Net debt/EBITDA 2.1x, interest coverage 3x.

Capital discipline20

Owner earnings -6.5%/yr, share count n/a.

Margin of safety

Above valueOn sale

No price data

Owner earnings (normalized): $23.2M
Est. intrinsic value / share: —
Recent price: $15.71
Discount to value: No price data

Conservative model: 9% discount rate, 3% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Fundamentals

There's no normalized fundamentals series for MG yet — it appears once ingest has processed its filings.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale24.3 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — MG has read No moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Consumer Discretionary context

#284 of 340 scored Consumer Discretionary companies, ranked by Moat Score.

Nearest peers by Moat Score

#282DCO DUCOMMUN INCORPORATED24.7 out of 100, No moatNo moat
#283VEEE TWIN VEE POWERCATS CO.24.6 out of 100, No moatNo moat
#285ATRO ASTRONICS CORPORATION23.6 out of 100, No moatNo moat
#286GXXM GEX MANAGEMENT INC.23.5 out of 100, No moatNo moat

Compare MG with its nearest peers →All Consumer Discretionary companies on the Index →

Common questions about MG

Does Mistras Group, Inc. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores Mistras Group, Inc. (MG) 24.3 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 49, returns on capital 0, balance-sheet safety 28, capital discipline 20.
How has MG's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 24.3 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell MG. See the disclaimer.