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Mistras Group Inc (MG)
NYSE:MG
US Market
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Mistras Group (MG) Revenue by Segment

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Revenue by Segment

Breaks down sales across the company’s business lines or end markets, showing which areas drive growth and where the company is concentrated. Helps gauge diversification, exposure to cyclical industries, and whether revenue gains are broad-based or reliant on a few services or customers.
North America is still the primary revenue driver but is lumpy—recent quarters show modest YoY growth offset by a material Q1 Oil & Gas decline tied to customer deferments and deliberate exits from low‑margin work. International is the steadier growth leg, gradually reducing dependence on cyclical energy revenue. Products & Systems is volatile and down in Q1, while Corporate & Eliminations expense has increased meaningfully, weighing on free cash flow; management’s margin‑first strategy should improve profitability but keeps near‑term top‑line volatility until higher‑value replacements ramp.
Date
North America
International
Corporate & Eliminations
Products & Systems
Jun 30, 2026
$156.63M$38.01M-$5.42M$3.92M
Mar 31, 2026
$135.32M$36.29M-$5.23M$2.65M
Dec 31, 2025
$146.63M$36.03M-$5.31M$4.10M
Sep 30, 2025
$160.61M$35.52M-$4.62M$4.04M
Jun 30, 2025
$147.99M$39.08M-$4.40M$2.74M
Mar 31, 2025
$128.90M$33.21M-$3.59M$3.09M
Dec 31, 2024
$136.94M$35.00M-$3.01M$3.80M
Sep 30, 2024
$149.84M$33.66M-$4.09M$3.28M
Jun 30, 2024
$156.39M$34.26M-$4.26M$3.37M
Mar 31, 2024
$150.35M$33.05M-$2.16M$3.21M